Hainan Mining Co Ltd (601969) - Net Assets
Based on the latest financial reports, Hainan Mining Co Ltd (601969) has net assets worth CN¥7.74 Billion CNY (≈ $1.13 Billion 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¥14.32 Billion ≈ $2.09 Billion USD) and total liabilities (CN¥6.57 Billion ≈ $961.84 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 Hainan Mining Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.74 Billion |
| % of Total Assets | 54.09% |
| Annual Growth Rate | 9.25% |
| 5-Year Change | 50.33% |
| 10-Year Change | 76.17% |
| Growth Volatility | 16.52 |
Hainan Mining Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Hainan Mining Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 601969 total assets for the complete picture of this company's asset base.
Annual Net Assets for Hainan Mining Co Ltd (2009–2024)
The table below shows the annual net assets of Hainan Mining Co Ltd from 2009 to 2024. For live valuation and market cap data, see 601969 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.61 Billion ≈ $1.11 Billion |
+2.17% |
| 2023-12-31 | CN¥7.45 Billion ≈ $1.09 Billion |
+0.98% |
| 2022-12-31 | CN¥7.37 Billion ≈ $1.08 Billion |
+11.67% |
| 2021-12-31 | CN¥6.60 Billion ≈ $966.27 Million |
+30.48% |
| 2020-12-31 | CN¥5.06 Billion ≈ $740.53 Million |
-0.67% |
| 2019-12-31 | CN¥5.09 Billion ≈ $745.52 Million |
+23.05% |
| 2018-12-31 | CN¥4.14 Billion ≈ $605.88 Million |
-16.40% |
| 2017-12-31 | CN¥4.95 Billion ≈ $724.76 Million |
+22.91% |
| 2016-12-31 | CN¥4.03 Billion ≈ $589.65 Million |
-6.68% |
| 2015-12-31 | CN¥4.32 Billion ≈ $631.88 Million |
-6.11% |
| 2014-12-31 | CN¥4.60 Billion ≈ $673.01 Million |
+36.62% |
| 2013-12-31 | CN¥3.37 Billion ≈ $492.61 Million |
+11.53% |
| 2012-12-31 | CN¥3.02 Billion ≈ $441.69 Million |
-9.82% |
| 2011-12-31 | CN¥3.35 Billion ≈ $489.79 Million |
+32.70% |
| 2010-12-31 | CN¥2.52 Billion ≈ $369.08 Million |
+24.99% |
| 2009-12-31 | CN¥2.02 Billion ≈ $295.29 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hainan Mining Co Ltd'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 25975.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥819.13 Million | 11.79% |
| Common Stock | CN¥2.04 Billion | 29.29% |
| Other Components | CN¥4.10 Billion | 58.92% |
| Total Equity | CN¥6.95 Billion | 100.00% |
Hainan Mining Co Ltd Competitors by Market Cap
The table below lists competitors of Hainan Mining Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rubis SCA
PA:RUI
|
$3.63 Billion |
|
PT Indofood Sukses Makmur Tbk
JK:INDF
|
$3.63 Billion |
|
ELF Beauty Inc
NYSE:ELF
|
$3.63 Billion |
|
Enova International Inc
NYSE:ENVA
|
$3.63 Billion |
|
Oceaneering International Inc
NYSE:OII
|
$3.63 Billion |
|
NovaGold Resources Inc
TO:NG
|
$3.62 Billion |
|
Pony AI Inc. American Depositary Shares
NASDAQ:PONY
|
$3.62 Billion |
|
Ligand Pharmaceuticals Incorporated
NASDAQ:LGND
|
$3.62 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hainan Mining Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,732,251,580 to 6,950,264,220, a change of 218,012,640 (3.2%).
- Net income of 706,494,250 contributed positively to equity growth.
- Dividend payments of 322,971,560 reduced retained earnings.
- Share repurchases of 325,429,150 reduced equity.
- Other factors increased equity by 159,919,100.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥706.49 Million | +10.16% |
| Dividends Paid | CN¥322.97 Million | -4.65% |
| Share Repurchases | CN¥325.43 Million | -4.68% |
| Other Changes | CN¥159.92 Million | +2.3% |
| Total Change | CN¥- | 3.24% |
Book Value vs Market Value Analysis
This analysis compares Hainan Mining Co Ltd'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: 3.50x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 10.61x to 3.50x 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¥1.17 | CN¥12.40 | x |
| 2010-12-31 | CN¥1.47 | CN¥12.40 | x |
| 2011-12-31 | CN¥2.00 | CN¥12.40 | x |
| 2012-12-31 | CN¥1.80 | CN¥12.40 | x |
| 2013-12-31 | CN¥2.01 | CN¥12.40 | x |
| 2014-12-31 | CN¥2.71 | CN¥12.40 | x |
| 2015-12-31 | CN¥2.29 | CN¥12.40 | x |
| 2016-12-31 | CN¥2.10 | CN¥12.40 | x |
| 2017-12-31 | CN¥2.16 | CN¥12.40 | x |
| 2018-12-31 | CN¥2.11 | CN¥12.40 | x |
| 2019-12-31 | CN¥2.13 | CN¥12.40 | x |
| 2020-12-31 | CN¥2.04 | CN¥12.40 | x |
| 2021-12-31 | CN¥2.82 | CN¥12.40 | x |
| 2022-12-31 | CN¥3.13 | CN¥12.40 | x |
| 2023-12-31 | CN¥3.34 | CN¥12.40 | x |
| 2024-12-31 | CN¥3.54 | CN¥12.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hainan Mining Co Ltd 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): 10.16%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.38%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.84x
- Recent ROE (10.16%) is below the historical average (12.32%), 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 | 23.18% | 29.07% | 0.46x | 1.73x | CN¥257.82 Million |
| 2010 | 42.15% | 41.86% | 0.61x | 1.65x | CN¥791.73 Million |
| 2011 | 36.91% | 45.42% | 0.58x | 1.41x | CN¥900.74 Million |
| 2012 | 25.55% | 31.93% | 0.51x | 1.56x | CN¥469.48 Million |
| 2013 | 29.82% | 34.37% | 0.61x | 1.43x | CN¥667.28 Million |
| 2014 | 9.22% | 23.98% | 0.29x | 1.33x | CN¥-35.87 Million |
| 2015 | 0.24% | 0.97% | 0.18x | 1.34x | CN¥-421.62 Million |
| 2016 | -7.15% | -31.48% | 0.14x | 1.60x | CN¥-685.63 Million |
| 2017 | 0.93% | 1.65% | 0.35x | 1.58x | CN¥-445.91 Million |
| 2018 | -15.32% | -25.23% | 0.36x | 1.70x | CN¥-1.05 Billion |
| 2019 | 3.29% | 3.43% | 0.43x | 2.22x | CN¥-260.93 Million |
| 2020 | 3.57% | 5.16% | 0.32x | 2.13x | CN¥-256.53 Million |
| 2021 | 15.63% | 21.23% | 0.38x | 1.95x | CN¥314.81 Million |
| 2022 | 9.73% | 12.73% | 0.40x | 1.89x | CN¥-16.89 Million |
| 2023 | 9.29% | 13.37% | 0.38x | 1.81x | CN¥-47.86 Million |
| 2024 | 10.16% | 17.38% | 0.32x | 1.84x | CN¥11.47 Million |
Industry Comparison
This section compares Hainan Mining Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $19,556,327,260
- Average return on equity (ROE) among peers: -4.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hainan Mining Co Ltd (601969) | CN¥7.74 Billion | 23.18% | 0.85x | $3.63 Billion |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $2.94 Billion | 7.43% | 0.45x | $11.44 Billion |
| HBIS Co Ltd (000709) | $47.66 Billion | 3.81% | 2.99x | $3.62 Billion |
| Sgis Songshan Co Ltd (000717) | $1.92 Billion | 9.47% | 0.30x | $883.17 Million |
| Bengang Steel Plates Co Ltd (000761) | $12.44 Billion | -26.48% | 2.57x | $1.58 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $28.48 Billion | 4.74% | 0.95x | $2.69 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $17.66 Billion | 24.06% | 2.27x | $3.61 Billion |
| Jiangsu Fasten Co Ltd (000890) | $89.23 Million | -118.72% | 10.72x | $963.77 Million |
| Angang Steel Co Ltd Class A (000898) | $53.10 Billion | 5.63% | 0.74x | $2.70 Billion |
| Hunan Valin Steel Co Ltd (000932) | $26.24 Billion | 28.12% | 1.87x | $4.63 Billion |
| Beijing Shougang Co Ltd (000959) | $5.04 Billion | 14.08% | 0.93x | $5.19 Billion |
About Hainan Mining Co Ltd
Hainan Mining Co., Ltd. mines, processes, and sells iron ore in China. The company offers lump ore, fine ore, and iron ore concentrate powder. It also engages in the exploration, development, production, and sales of petroleum and natural gas, and new energy businesses. The company was formerly known as Hainan Mining United Co., Ltd. and changed its name to Hainan Mining Co., Ltd. in August 2009.… Read more