Shandong Shida Shenghua Chem (603026) - Net Assets
Based on the latest financial reports, Shandong Shida Shenghua Chem (603026) has net assets worth CN¥5.20 Billion CNY (≈ $760.84 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¥10.51 Billion ≈ $1.54 Billion USD) and total liabilities (CN¥5.31 Billion ≈ $777.68 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 603026 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.20 Billion |
| % of Total Assets | 49.45% |
| Annual Growth Rate | 15.07% |
| 5-Year Change | 88.78% |
| 10-Year Change | 206.4% |
| Growth Volatility | 15.05 |
Shandong Shida Shenghua Chem - Net Assets Trend (2010–2024)
This chart illustrates how Shandong Shida Shenghua Chem's net assets have evolved over time, based on quarterly financial data. Also explore 603026 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Shida Shenghua Chem (2010–2024)
The table below shows the annual net assets of Shandong Shida Shenghua Chem from 2010 to 2024. For live valuation and market cap data, see how much is Shandong Shida Shenghua Chem worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.32 Billion ≈ $632.72 Million |
-1.40% |
| 2023-12-31 | CN¥4.39 Billion ≈ $641.74 Million |
-1.51% |
| 2022-12-31 | CN¥4.45 Billion ≈ $651.59 Million |
+24.46% |
| 2021-12-31 | CN¥3.58 Billion ≈ $523.53 Million |
+56.20% |
| 2020-12-31 | CN¥2.29 Billion ≈ $335.16 Million |
+14.85% |
| 2019-12-31 | CN¥1.99 Billion ≈ $291.83 Million |
+16.85% |
| 2018-12-31 | CN¥1.71 Billion ≈ $249.76 Million |
+2.31% |
| 2017-12-31 | CN¥1.67 Billion ≈ $244.13 Million |
+4.58% |
| 2016-12-31 | CN¥1.60 Billion ≈ $233.45 Million |
+13.05% |
| 2015-12-31 | CN¥1.41 Billion ≈ $206.50 Million |
+35.71% |
| 2014-12-31 | CN¥1.04 Billion ≈ $152.16 Million |
+6.31% |
| 2013-12-31 | CN¥978.12 Million ≈ $143.13 Million |
+13.49% |
| 2012-12-31 | CN¥861.83 Million ≈ $126.11 Million |
+15.38% |
| 2011-12-31 | CN¥746.97 Million ≈ $109.31 Million |
+23.37% |
| 2010-12-31 | CN¥605.48 Million ≈ $88.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Shida Shenghua Chem'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 1637.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.10 Billion | 79.55% |
| Common Stock | CN¥202.68 Million | 5.20% |
| Other Components | CN¥594.02 Million | 15.25% |
| Total Equity | CN¥3.90 Billion | 100.00% |
Shandong Shida Shenghua Chem Competitors by Market Cap
The table below lists competitors of Shandong Shida Shenghua Chem ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beiqi Foton Motor Co Ltd
SHG:600166
|
$4.10 Billion |
|
MARFRIG GL.FOOD.ADR/2O.N.
F:MGP1
|
$4.10 Billion |
|
Transcend Information Inc
TW:2451
|
$4.10 Billion |
|
Chipbond Technology
TWO:6147
|
$4.11 Billion |
|
Science Applications International Corporation Common Stock
NASDAQ:SAIC
|
$4.10 Billion |
|
Strauss Group
TA:STRS
|
$4.09 Billion |
|
Aster DM Healthcare Limited
NSE:ASTERDM
|
$4.09 Billion |
|
Klabin S.A.
SA:KLBN11
|
$4.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Shida Shenghua Chem's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,890,544,142 to 3,896,070,975, a change of 5,526,833 (0.1%).
- Net income of 16,419,556 contributed positively to equity growth.
- Dividend payments of 78,215,332 reduced retained earnings.
- Other factors increased equity by 67,322,609.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥16.42 Million | +0.42% |
| Dividends Paid | CN¥78.22 Million | -2.01% |
| Other Changes | CN¥67.32 Million | +1.73% |
| Total Change | CN¥- | 0.14% |
Book Value vs Market Value Analysis
This analysis compares Shandong Shida Shenghua Chem'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: 6.26x
- 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 28.77x to 6.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | CN¥4.18 | CN¥120.40 | x |
| 2011-12-31 | CN¥4.68 | CN¥120.40 | x |
| 2012-12-31 | CN¥5.46 | CN¥120.40 | x |
| 2013-12-31 | CN¥6.12 | CN¥120.40 | x |
| 2014-12-31 | CN¥6.52 | CN¥120.40 | x |
| 2015-12-31 | CN¥7.36 | CN¥120.40 | x |
| 2016-12-31 | CN¥7.46 | CN¥120.40 | x |
| 2017-12-31 | CN¥7.75 | CN¥120.40 | x |
| 2018-12-31 | CN¥7.95 | CN¥120.40 | x |
| 2019-12-31 | CN¥8.92 | CN¥120.40 | x |
| 2020-12-31 | CN¥10.16 | CN¥120.40 | x |
| 2021-12-31 | CN¥15.32 | CN¥120.40 | x |
| 2022-12-31 | CN¥19.44 | CN¥120.40 | x |
| 2023-12-31 | CN¥18.70 | CN¥120.40 | x |
| 2024-12-31 | CN¥19.22 | CN¥120.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Shida Shenghua Chem 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): 0.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.30%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.48x
- Recent ROE (0.42%) is below the historical average (12.76%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 15.30% | 3.15% | 2.35x | 2.06x | CN¥31.04 Million |
| 2011 | 16.45% | 5.06% | 1.25x | 2.61x | CN¥45.85 Million |
| 2012 | 14.48% | 3.05% | 1.73x | 2.75x | CN¥36.95 Million |
| 2013 | 10.62% | 1.99% | 2.25x | 2.38x | CN¥5.84 Million |
| 2014 | 4.30% | 0.83% | 2.44x | 2.13x | CN¥-56.44 Million |
| 2015 | 3.26% | 1.28% | 1.61x | 1.59x | CN¥-91.16 Million |
| 2016 | 11.26% | 4.50% | 1.72x | 1.45x | CN¥19.05 Million |
| 2017 | 11.87% | 3.91% | 1.81x | 1.68x | CN¥29.30 Million |
| 2018 | 12.71% | 3.85% | 1.92x | 1.72x | CN¥43.79 Million |
| 2019 | 17.06% | 6.64% | 1.43x | 1.79x | CN¥127.69 Million |
| 2020 | 12.61% | 5.81% | 1.36x | 1.59x | CN¥53.81 Million |
| 2021 | 37.96% | 16.70% | 1.50x | 1.51x | CN¥867.97 Million |
| 2022 | 22.60% | 10.71% | 1.30x | 1.63x | CN¥496.54 Million |
| 2023 | 0.48% | 0.33% | 0.77x | 1.87x | CN¥-370.33 Million |
| 2024 | 0.42% | 0.30% | 0.57x | 2.48x | CN¥-373.19 Million |
Industry Comparison
This section compares Shandong Shida Shenghua Chem's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,769,045,563
- Average return on equity (ROE) among peers: 6.73%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Shida Shenghua Chem (603026) | CN¥5.20 Billion | 15.30% | 1.02x | $4.10 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $1.37 Billion | 0.00% | 0.79x | $1.28 Billion |
| Sichuan Chemical Co Ltd (000155) | $1.46 Billion | 0.78% | 1.16x | $4.82 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $506.50 Million | 16.41% | 1.45x | $12.92 Billion |
| Zangge Holding Co Ltd (000408) | $304.26 Million | 8.29% | 1.38x | $20.72 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.46 Billion | 0.89% | 0.57x | $1.47 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $269.12 Million | 8.73% | 0.27x | $438.99 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $728.86 Million | 0.46% | 0.67x | $855.32 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $934.64 Million | 13.67% | 2.94x | $472.35 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $1.03 Billion | 8.78% | 0.45x | $362.87 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $19.62 Billion | 9.23% | 0.83x | $4.87 Billion |
About Shandong Shida Shenghua Chem
Shida Shinghwa Advanced Material Group Co., Ltd. engages in the production and sale of chemical products in China. Its products include lithium battery electrolyte, such as electrolyte solvent, solutes, and additives; cathode material of lithium battery, including silicon anode material and cathode pre-lithiation material; and wet electronic and fine chemicals. The company was formerly known as S… Read more