Shanghai Baosteel Packaging Net Assets
Shanghai Baosteel Packaging net assets. Based on the latest financial reports, Shanghai Baosteel Packaging (601968) has net assets worth CN¥4.72 Billion CNY (≈ $691.03 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥10.15 Billion ≈ $1.49 Billion USD) and total liabilities (CN¥5.43 Billion ≈ $794.60 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. Also explore 601968 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.72 Billion |
| % of Total Assets | 46.51% |
| Annual Growth Rate | 11.41% |
| 5-Year Change | 24.52% |
| 10-Year Change | 117.14% |
| Growth Volatility | 16.87 |
Net Assets of Shanghai Baosteel Packaging (2009–2025)
Net assets of Shanghai Baosteel Packaging from 2009 to 2025. This chart illustrates how Shanghai Baosteel Packaging's net assets have evolved over time, based on quarterly financial data. See Shanghai Baosteel Packaging (601968) net asset quality to measure how much of total assets are equity-financed.
Annual Net Assets for Shanghai Baosteel Packaging (2009–2025)
The table below shows the annual net assets of Shanghai Baosteel Packaging from 2009 to 2025. For live market cap and overall valuation, see Shanghai Baosteel Packaging stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.68 Billion ≈ $684.22 Million |
+1.22% |
| 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 4610.4% over the analyzed period, indicating profitable operations and earnings retention.
Shanghai Baosteel Packaging Net Assets Breakdown (December 2025)
Shanghai Baosteel Packaging net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.04 Billion | 22.95% |
| Other Components | CN¥3.48 Billion | 77.05% |
| Total Equity | CN¥4.52 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 |
|---|---|
|
Beijing SL Pharmaceutical Co Ltd
SHE:002038
|
$748.66 Million |
|
Shanghai Aladdin Biochemical Technology Co. Ltd. A
SHG:688179
|
$749.04 Million |
|
Westlake Chemical Partners LP
NYSE:WLKP
|
$749.33 Million |
|
Harim Holdings Co. Ltd
KQ:003380
|
$749.43 Million |
|
Evertz Technologies Limited
TO:ET
|
$748.52 Million |
|
Haima Automobile Group Co Ltd
SHE:000572
|
$748.46 Million |
|
Fujian Apex Software Co Ltd
SHG:603383
|
$748.32 Million |
|
Aoyuan Beauty Valley Technology Co Ltd
SHE:000615
|
$748.08 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 2024 to 2025, total equity changed from 4,471,478,979 to 4,517,431,290, a change of 45,952,311 (1.0%).
- Net income of 187,703,887 contributed positively to equity growth.
- Dividend payments of 117,291,556 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥187.70 Million | +4.16% |
| Dividends Paid | CN¥117.29 Million | -2.6% |
| Other Changes | CN¥-24.46 Million | -0.54% |
| Total Change | CN¥- | 1.03% |
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: 1.13x
- 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 2.86x to 1.13x 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¥4.01 | x |
| 2010-12-31 | CN¥1.60 | CN¥4.01 | x |
| 2011-12-31 | CN¥1.90 | CN¥4.01 | x |
| 2012-12-31 | CN¥2.10 | CN¥4.01 | x |
| 2013-12-31 | CN¥2.00 | CN¥4.01 | x |
| 2014-12-31 | CN¥2.23 | CN¥4.01 | x |
| 2015-12-31 | CN¥2.76 | CN¥4.01 | x |
| 2016-12-31 | CN¥2.03 | CN¥4.01 | x |
| 2017-12-31 | CN¥3.01 | CN¥4.01 | x |
| 2018-12-31 | CN¥2.45 | CN¥4.01 | x |
| 2019-12-31 | CN¥2.72 | CN¥4.01 | x |
| 2020-12-31 | CN¥2.82 | CN¥4.01 | x |
| 2021-12-31 | CN¥3.36 | CN¥4.01 | x |
| 2022-12-31 | CN¥3.37 | CN¥4.01 | x |
| 2023-12-31 | CN¥3.34 | CN¥4.01 | x |
| 2024-12-31 | CN¥3.89 | CN¥4.01 | x |
| 2025-12-31 | CN¥3.54 | CN¥4.01 | 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): 4.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.14%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 2.08x
- Recent ROE (4.16%) is below the historical average (5.77%), 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% | 3.81% | 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 |
| 2025 | 4.16% | 2.14% | 0.94x | 2.08x | CN¥-264.04 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: $2,798,716,876
- Average return on equity (ROE) among peers: 0.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Baosteel Packaging (601968) | CN¥4.72 Billion | 2.49% | 1.15x | $748.61 Million |
| Zhuhai Zhongfu Enterprise Co Ltd (000659) | $2.55 Billion | 4.08% | 1.23x | $444.01 Million |
| Huangshan Novel Co Ltd (002014) | $2.32 Billion | 15.61% | 0.54x | $1.02 Billion |
| Shenzhen Jinjia Color Printing Group Co Ltd (002191) | $7.08 Billion | 1.67% | 0.33x | $641.42 Million |
| Xiamen Hexing Packaging Printing Co Ltd (002228) | $3.11 Billion | 3.32% | 1.40x | $502.48 Million |
| Shenzhen Beauty Star Co Ltd (002243) | $1.53 Billion | 1.72% | 0.19x | $1.16 Billion |
| Zhejiang Great Southeast Co Ltd (002263) | $2.98 Billion | 2.66% | 0.13x | $797.10 Million |
| Shenzhen MYS Environmental Protection & Technology Co Ltd (002303) | $4.45 Billion | 7.83% | 0.33x | $903.05 Million |
| Shandong Lipeng Co Ltd (002374) | $1.32 Billion | -51.89% | 1.91x | $455.76 Million |
| Zhejiang Zhongcheng Packing Material Co Ltd (002522) | $1.13 Billion | 9.04% | 0.17x | $599.10 Million |
| Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565) | $1.51 Billion | 9.06% | 0.23x | $1.27 Billion |
About Shanghai Baosteel Packaging
Shanghai Baosteel Packaging Co., Ltd., together with its subsidiaries, engages in the production and manufacturing of metal packaging solutions in China and internationally. It provides two-piece cans, easy-open lids, packaging tinplate products, and new material packaging to fast-moving consumer goods industry, such as food and beverages. The company was founded in 2004 and is based in Shanghai,… Read more