Shanghai Baosteel Packaging (601968) - Net Assets
Based on the latest financial reports, Shanghai Baosteel Packaging (601968) has net assets worth CN¥4.72 Billion CNY (≈ $691.25 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.65 Billion ≈ $1.41 Billion USD) and total liabilities (CN¥4.93 Billion ≈ $721.42 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check Shanghai Baosteel Packaging asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.72 Billion |
| % of Total Assets | 48.93% |
| Annual Growth Rate | 12.12% |
| 5-Year Change | 27.15% |
| 10-Year Change | 115.61% |
| Growth Volatility | 17.16 |
Shanghai Baosteel Packaging - Net Assets Trend (2009–2024)
This chart illustrates how Shanghai Baosteel Packaging's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Baosteel Packaging asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Baosteel Packaging (2009–2024)
The table below shows the annual net assets of Shanghai Baosteel Packaging from 2009 to 2024. For live valuation and market cap data, see 601968 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.62 Billion ≈ $675.96 Million |
+14.89% |
| 2023-12-31 | CN¥4.02 Billion ≈ $588.37 Million |
+1.67% |
| 2022-12-31 | CN¥3.95 Billion ≈ $578.73 Million |
+5.32% |
| 2021-12-31 | CN¥3.76 Billion ≈ $549.49 Million |
+3.36% |
| 2020-12-31 | CN¥3.63 Billion ≈ $531.64 Million |
+2.45% |
| 2019-12-31 | CN¥3.55 Billion ≈ $518.93 Million |
+60.72% |
| 2018-12-31 | CN¥2.21 Billion ≈ $322.87 Million |
+2.58% |
| 2017-12-31 | CN¥2.15 Billion ≈ $314.74 Million |
-0.12% |
| 2016-12-31 | CN¥2.15 Billion ≈ $315.11 Million |
+0.51% |
| 2015-12-31 | CN¥2.14 Billion ≈ $313.51 Million |
+41.61% |
| 2014-12-31 | CN¥1.51 Billion ≈ $221.39 Million |
+7.39% |
| 2013-12-31 | CN¥1.41 Billion ≈ $206.16 Million |
-3.54% |
| 2012-12-31 | CN¥1.46 Billion ≈ $213.72 Million |
+22.58% |
| 2011-12-31 | CN¥1.19 Billion ≈ $174.35 Million |
+20.43% |
| 2010-12-31 | CN¥989.35 Million ≈ $144.77 Million |
+19.15% |
| 2009-12-31 | CN¥830.34 Million ≈ $121.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Baosteel Packaging's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 4222.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥951.16 Million | 21.27% |
| Common Stock | CN¥1.28 Billion | 28.53% |
| Other Components | CN¥2.24 Billion | 50.20% |
| Total Equity | CN¥4.47 Billion | 100.00% |
Shanghai Baosteel Packaging Competitors by Market Cap
The table below lists competitors of Shanghai Baosteel Packaging ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Electra Real Estate Ltd
TA:ELCRE
|
$961.49 Million |
|
Jiangmen iDear-Hanyu Electrical Joint-Stock Co Ltd
SHE:300403
|
$961.79 Million |
|
Foosung
KO:093370
|
$962.35 Million |
|
Amerant Bancorp Inc.
NYSE:AMTB
|
$962.39 Million |
|
Nordic American Tankers Limited
NYSE:NAT
|
$961.35 Million |
|
Jiangsu Fasten Co Ltd
SHE:000890
|
$961.31 Million |
|
XiAn Tian He Defense Technology Co Ltd
SHE:300397
|
$961.22 Million |
|
Catalyst Metals Ltd
AU:CYL
|
$961.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Baosteel Packaging's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,844,306,681 to 4,471,478,979, a change of 627,172,298 (16.3%).
- Net income of 172,384,676 contributed positively to equity growth.
- Dividend payments of 187,726,882 reduced retained earnings.
- Share repurchases of 70,009,222 reduced equity.
- Other factors increased equity by 712,523,726.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥172.38 Million | +3.86% |
| Dividends Paid | CN¥187.73 Million | -4.2% |
| Share Repurchases | CN¥70.01 Million | -1.57% |
| Other Changes | CN¥712.52 Million | +15.93% |
| Total Change | CN¥- | 16.31% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Baosteel Packaging's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.29x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.67x to 1.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥1.40 | CN¥5.15 | x |
| 2010-12-31 | CN¥1.60 | CN¥5.15 | x |
| 2011-12-31 | CN¥1.90 | CN¥5.15 | x |
| 2012-12-31 | CN¥2.10 | CN¥5.15 | x |
| 2013-12-31 | CN¥2.00 | CN¥5.15 | x |
| 2014-12-31 | CN¥2.23 | CN¥5.15 | x |
| 2015-12-31 | CN¥2.76 | CN¥5.15 | x |
| 2016-12-31 | CN¥2.03 | CN¥5.15 | x |
| 2017-12-31 | CN¥3.01 | CN¥5.15 | x |
| 2018-12-31 | CN¥2.45 | CN¥5.15 | x |
| 2019-12-31 | CN¥2.77 | CN¥5.15 | x |
| 2020-12-31 | CN¥2.83 | CN¥5.15 | x |
| 2021-12-31 | CN¥3.36 | CN¥5.15 | x |
| 2022-12-31 | CN¥3.33 | CN¥5.15 | x |
| 2023-12-31 | CN¥3.34 | CN¥5.15 | x |
| 2024-12-31 | CN¥4.00 | CN¥5.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Baosteel Packaging utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.86%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.07%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.17x
- Recent ROE (3.86%) is below the historical average (5.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 2.49% | 1.30% | 0.70x | 2.76x | CN¥-53.20 Million |
| 2010 | 8.74% | 3.52% | 0.89x | 2.78x | CN¥-10.19 Million |
| 2011 | 11.59% | 4.78% | 0.76x | 3.18x | CN¥15.25 Million |
| 2012 | 8.09% | 4.15% | 0.66x | 2.95x | CN¥-25.37 Million |
| 2013 | 10.02% | 4.38% | 0.73x | 3.13x | CN¥251.04K |
| 2014 | 9.41% | 3.71% | 0.72x | 3.54x | CN¥-8.04 Million |
| 2015 | 4.35% | 2.65% | 0.64x | 2.58x | CN¥-113.23 Million |
| 2016 | 0.49% | 0.25% | 0.69x | 2.90x | CN¥-191.14 Million |
| 2017 | 0.33% | 0.15% | 0.80x | 2.86x | CN¥-193.22 Million |
| 2018 | 2.04% | 0.84% | 0.89x | 2.73x | CN¥-163.01 Million |
| 2019 | 5.52% | 2.21% | 0.87x | 2.87x | CN¥-103.60 Million |
| 2020 | 6.74% | 2.74% | 0.90x | 2.74x | CN¥-76.84 Million |
| 2021 | 7.43% | 3.82% | 0.85x | 2.30x | CN¥-92.13 Million |
| 2022 | 7.13% | 3.14% | 1.03x | 2.20x | CN¥-108.30 Million |
| 2023 | 5.69% | 2.82% | 0.94x | 2.15x | CN¥-165.86 Million |
| 2024 | 3.86% | 2.07% | 0.86x | 2.17x | CN¥-274.76 Million |
Industry Comparison
This section compares Shanghai Baosteel Packaging's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $1,715,624,811
- Average return on equity (ROE) among peers: 9.62%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Baosteel Packaging (601968) | CN¥4.72 Billion | 2.49% | 1.04x | $961.44 Million |
| Zhuhai Zhongfu Enterprise Co Ltd (000659) | $250.28 Million | 0.00% | 0.93x | $758.20 Million |
| Huangshan Novel Co Ltd (002014) | $698.53 Million | 14.41% | 0.40x | $1.00 Billion |
| Shenzhen Jinjia Color Printing Group Co Ltd (002191) | $409.16 Million | 34.54% | 2.21x | $805.15 Million |
| Xiamen Hexing Packaging Printing Co Ltd (002228) | $2.77 Billion | 6.86% | 1.33x | $692.47 Million |
| Shenzhen Beauty Star Co Ltd (002243) | $590.09 Million | 16.39% | 0.36x | $1.51 Billion |
| Zhejiang Great Southeast Co Ltd (002263) | $942.33 Million | 5.01% | 0.84x | $1.11 Billion |
| Shenzhen MYS Environmental Protection & Technology Co Ltd (002303) | $4.90 Billion | 3.96% | 0.48x | $761.87 Million |
| Shandong Lipeng Co Ltd (002374) | $2.01 Billion | 6.03% | 0.89x | $511.34 Million |
| Zhejiang Zhongcheng Packing Material Co Ltd (002522) | $2.31 Billion | 4.51% | 0.59x | $841.65 Million |
| Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565) | $2.28 Billion | 4.45% | 0.59x | $2.95 Billion |
About Shanghai Baosteel Packaging
Shanghai Baosteel Packaging Co., Ltd., together with its subsidiaries, engages in the production and operation of metal packaging products in China and internationally. It provides two-piece cans, matching pull-open lids, tinplates, packaged color-printed iron products, and commissioned processed printed iron products to fast-moving consumer goods industry, such as food and beverages. The company… Read more