Shanghai Xintonglian Packaging Co Ltd (603022) - Net Assets
Based on the latest financial reports, Shanghai Xintonglian Packaging Co Ltd (603022) has net assets worth CN¥817.36 Million CNY (≈ $119.61 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¥1.16 Billion ≈ $170.32 Million USD) and total liabilities (CN¥346.54 Million ≈ $50.71 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 603022 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥817.36 Million |
| % of Total Assets | 70.23% |
| Annual Growth Rate | 15.34% |
| 5-Year Change | 18.26% |
| 10-Year Change | 42.52% |
| Growth Volatility | 27.71 |
Shanghai Xintonglian Packaging Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shanghai Xintonglian Packaging Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Shanghai Xintonglian Packaging Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai Xintonglian Packaging Co Ltd (2011–2024)
The table below shows the annual net assets of Shanghai Xintonglian Packaging Co Ltd from 2011 to 2024. For live valuation and market cap data, see Shanghai Xintonglian Packaging Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥795.78 Million ≈ $116.45 Million |
+3.16% |
| 2023-12-31 | CN¥771.39 Million ≈ $112.88 Million |
+5.43% |
| 2022-12-31 | CN¥731.67 Million ≈ $107.07 Million |
+6.37% |
| 2021-12-31 | CN¥687.88 Million ≈ $100.66 Million |
+2.23% |
| 2020-12-31 | CN¥672.88 Million ≈ $98.46 Million |
+5.34% |
| 2019-12-31 | CN¥638.78 Million ≈ $93.47 Million |
+3.48% |
| 2018-12-31 | CN¥617.33 Million ≈ $90.33 Million |
+4.01% |
| 2017-12-31 | CN¥593.54 Million ≈ $86.85 Million |
+2.73% |
| 2016-12-31 | CN¥577.77 Million ≈ $84.55 Million |
+3.48% |
| 2015-12-31 | CN¥558.36 Million ≈ $81.71 Million |
+104.86% |
| 2014-12-31 | CN¥272.56 Million ≈ $39.88 Million |
+19.94% |
| 2013-12-31 | CN¥227.25 Million ≈ $33.25 Million |
+29.52% |
| 2012-12-31 | CN¥175.46 Million ≈ $25.68 Million |
+40.96% |
| 2011-12-31 | CN¥124.48 Million ≈ $18.22 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Xintonglian Packaging 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 959.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥438.47 Million | 54.93% |
| Common Stock | CN¥200.00 Million | 25.05% |
| Other Comprehensive Income | CN¥-6.47 Million | -0.81% |
| Other Components | CN¥166.26 Million | 20.83% |
| Total Equity | CN¥798.27 Million | 100.00% |
Shanghai Xintonglian Packaging Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Xintonglian Packaging Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
M3-Brigade Acquisition V Corp. Units
NASDAQ:MBAVU
|
$258.75 Million |
|
El-Mor Electric Installation & Services 1986 Ltd
TA:ELMR
|
$258.78 Million |
|
Pioneer Acquisition I Corp Class A Ordinary Shares
NASDAQ:PACH
|
$258.82 Million |
|
Oxley Bridge Acquisition Limited Class A Ordinary Shares
NASDAQ:OBA
|
$258.82 Million |
|
Shenzhen Dvision Video Communica
SHE:300167
|
$258.68 Million |
|
NEOWIZ
KQ:095660
|
$258.60 Million |
|
Crescendo Corporation Bhd
KLSE:6718
|
$258.60 Million |
|
ANTENGENE CORP. DL-0001
F:722
|
$258.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Xintonglian Packaging Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 767,297,060 to 798,267,685, a change of 30,970,625 (4.0%).
- Net income of 49,844,567 contributed positively to equity growth.
- Dividend payments of 17,015,928 reduced retained earnings.
- Other comprehensive income decreased equity by 3,326,883.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥49.84 Million | +6.24% |
| Dividends Paid | CN¥17.02 Million | -2.13% |
| Other Comprehensive Income | CN¥-3.33 Million | -0.42% |
| Other Changes | CN¥1.47 Million | +0.18% |
| Total Change | CN¥- | 4.04% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Xintonglian Packaging 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: 2.21x
- 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 10.65x to 2.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.83 | CN¥8.84 | x |
| 2012-12-31 | CN¥1.17 | CN¥8.84 | x |
| 2013-12-31 | CN¥1.51 | CN¥8.84 | x |
| 2014-12-31 | CN¥1.81 | CN¥8.84 | x |
| 2015-12-31 | CN¥2.94 | CN¥8.84 | x |
| 2016-12-31 | CN¥2.97 | CN¥8.84 | x |
| 2017-12-31 | CN¥3.09 | CN¥8.84 | x |
| 2018-12-31 | CN¥3.15 | CN¥8.84 | x |
| 2019-12-31 | CN¥3.19 | CN¥8.84 | x |
| 2020-12-31 | CN¥3.36 | CN¥8.84 | x |
| 2021-12-31 | CN¥3.44 | CN¥8.84 | x |
| 2022-12-31 | CN¥3.64 | CN¥8.84 | x |
| 2023-12-31 | CN¥3.86 | CN¥8.84 | x |
| 2024-12-31 | CN¥4.00 | CN¥8.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Xintonglian Packaging 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): 6.24%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.69%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 1.39x
- Recent ROE (6.24%) is below the historical average (11.41%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 37.77% | 13.86% | 1.30x | 2.09x | CN¥34.57 Million |
| 2012 | 29.06% | 13.89% | 1.25x | 1.67x | CN¥33.44 Million |
| 2013 | 22.79% | 12.29% | 1.15x | 1.61x | CN¥29.06 Million |
| 2014 | 19.22% | 10.18% | 1.10x | 1.71x | CN¥25.13 Million |
| 2015 | 5.78% | 6.42% | 0.76x | 1.18x | CN¥-23.57 Million |
| 2016 | 5.06% | 6.06% | 0.68x | 1.23x | CN¥-28.55 Million |
| 2017 | 4.21% | 4.18% | 0.76x | 1.32x | CN¥-34.34 Million |
| 2018 | 5.07% | 4.71% | 0.81x | 1.33x | CN¥-30.42 Million |
| 2019 | 4.66% | 4.34% | 0.80x | 1.33x | CN¥-34.13 Million |
| 2020 | 5.35% | 5.28% | 0.75x | 1.35x | CN¥-31.32 Million |
| 2021 | 2.99% | 2.83% | 0.56x | 1.89x | CN¥-48.20 Million |
| 2022 | 4.83% | 4.43% | 0.79x | 1.37x | CN¥-37.61 Million |
| 2023 | 6.74% | 5.98% | 0.83x | 1.35x | CN¥-25.05 Million |
| 2024 | 6.24% | 5.69% | 0.79x | 1.39x | CN¥-29.98 Million |
Industry Comparison
This section compares Shanghai Xintonglian Packaging Co Ltd's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $1,778,545,477
- Average return on equity (ROE) among peers: 11.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Xintonglian Packaging Co Ltd (603022) | CN¥817.36 Million | 37.77% | 0.42x | $258.71 Million |
| Zhuhai Zhongfu Enterprise Co Ltd (000659) | $2.55 Billion | 4.08% | 1.23x | $662.25 Million |
| Huangshan Novel Co Ltd (002014) | $2.52 Billion | 17.36% | 0.71x | $924.95 Million |
| Shenzhen Jinjia Color Printing Group Co Ltd (002191) | $582.75 Million | 26.43% | 1.49x | $854.01 Million |
| Xiamen Hexing Packaging Printing Co Ltd (002228) | $3.02 Billion | 7.71% | 1.32x | $559.30 Million |
| Shenzhen Beauty Star Co Ltd (002243) | $711.12 Million | 14.45% | 0.60x | $1.25 Billion |
| Zhejiang Great Southeast Co Ltd (002263) | $942.33 Million | 5.01% | 0.84x | $1.15 Billion |
| Shenzhen MYS Environmental Protection & Technology Co Ltd (002303) | $5.25 Billion | 10.20% | 0.39x | $817.89 Million |
| Shandong Lipeng Co Ltd (002374) | $80.52 Million | 16.87% | 1.96x | $501.81 Million |
| Zhejiang Zhongcheng Packing Material Co Ltd (002522) | $84.37 Million | 18.38% | 2.04x | $930.46 Million |
| Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565) | $2.04 Billion | -2.94% | 0.43x | $2.01 Billion |
About Shanghai Xintonglian Packaging Co Ltd
Shanghai Xintonglian Packaging Co., Ltd. engages in the manufacture and sale of wood and paper packaging products in China. The company is also involved in the wholesale and retail of paper packaging and wood packaging products, wood, and plastic products; and the provision of packaging services. Its products are used in new energy vehicles, smart devices, electronics and electrical, biomedicine,… Read more