Shandong Shida Shenghua Chem (603026) - Net Assets

Latest as of March 2026: CN¥5.63 Billion CNY ≈ $824.39 Million USD

Based on the latest financial reports, Shandong Shida Shenghua Chem (603026) has net assets worth CN¥5.63 Billion CNY (≈ $824.39 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.53 Billion ≈ $1.83 Billion USD) and total liabilities (CN¥6.89 Billion ≈ $1.01 Billion 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 Shandong Shida Shenghua Chem tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥5.63 Billion
% of Total Assets	44.97%
Annual Growth Rate	15.56%
5-Year Change	48.22%
10-Year Change	232.4%
Growth Volatility	14.63

Shandong Shida Shenghua Chem - Net Assets Trend (2010–2025)

This chart illustrates how Shandong Shida Shenghua Chem's net assets have evolved over time, based on quarterly financial data. See 603026 defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shandong Shida Shenghua Chem (2010–2025)

The table below shows the annual net assets of Shandong Shida Shenghua Chem from 2010 to 2025. For live valuation and market cap data, see how much is Shandong Shida Shenghua Chem worth.

Year	Net Assets	Change
2025-12-31	CN¥5.30 Billion ≈ $775.98 Million	+22.64%
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	--

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 1646.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥3.12 Billion	63.44%
Other Components	CN¥1.80 Billion	36.56%
Total Equity	CN¥4.91 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
Tianjin Zhongxin Pharmaceutical Group Corp Ltd SHG:600329	$3.16 Billion
AVIC Heavy Machinery Co Ltd SHG:600765	$3.16 Billion
Vietjet Aviation JSC VN:VJC	$3.16 Billion
Puig Brands SA NYSE:PUGBY	$3.17 Billion
COSCO SHIPPING Specialized Carriers Co Ltd SHG:600428	$3.16 Billion
TOMRA SYSTEMS ADR/1 NK 1 F:TMR0	$3.15 Billion
Standex International Corporation NYSE:SXI	$3.15 Billion
China Communications Construction Company Limited F:CYY	$3.15 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 2024 to 2025, total equity changed from 3,896,070,975 to 4,910,678,106, a change of 1,014,607,131 (26.0%).
Net income of 15,898,472 contributed positively to equity growth.
Dividend payments of 72,967,997 reduced retained earnings.
Other factors increased equity by 1,071,676,656.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥15.90 Million	+0.32%
Dividends Paid	CN¥72.97 Million	-1.49%
Other Changes	CN¥1.07 Billion	+21.82%
Total Change	CN¥-	26.04%

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: 4.39x
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 22.15x to 4.39x 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¥92.70	x
2011-12-31	CN¥4.68	CN¥92.70	x
2012-12-31	CN¥5.46	CN¥92.70	x
2013-12-31	CN¥6.12	CN¥92.70	x
2014-12-31	CN¥6.52	CN¥92.70	x
2015-12-31	CN¥7.36	CN¥92.70	x
2016-12-31	CN¥7.46	CN¥92.70	x
2017-12-31	CN¥7.75	CN¥92.70	x
2018-12-31	CN¥7.95	CN¥92.70	x
2019-12-31	CN¥8.92	CN¥92.70	x
2020-12-31	CN¥10.16	CN¥92.70	x
2021-12-31	CN¥15.32	CN¥92.70	x
2022-12-31	CN¥19.44	CN¥92.70	x
2023-12-31	CN¥18.70	CN¥92.70	x
2024-12-31	CN¥19.22	CN¥92.70	x
2025-12-31	CN¥21.10	CN¥92.70	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): 0.32%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.23%
• Asset Turnover: 0.60x
• Equity Multiplier: 2.32x
Recent ROE (0.32%) is below the historical average (11.98%), 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
2025	0.32%	0.23%	0.60x	2.32x	CN¥-475.17 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: $4,238,970,200
Average return on equity (ROE) among peers: 9.03%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shandong Shida Shenghua Chem (603026)	CN¥5.63 Billion	15.30%	1.22x	$3.16 Billion
North Huajin Chemical Industries Co Ltd (000059)	$14.98 Billion	0.47%	1.13x	$940.88 Million
Sichuan Chemical Co Ltd (000155)	$505.75 Million	22.40%	1.18x	$3.48 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$2.69 Billion	5.91%	0.33x	$11.21 Billion
Zangge Holding Co Ltd (000408)	$6.53 Billion	18.58%	0.19x	$17.56 Billion
Sichuan Jinlu Group Co Ltd (000510)	$754.79 Million	9.90%	0.56x	$2.10 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$2.05 Billion	4.97%	0.52x	$348.02 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$674.19 Million	1.08%	0.85x	$891.94 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$2.90 Billion	3.79%	0.15x	$376.61 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$771.01 Million	16.41%	0.10x	$286.04 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$10.53 Billion	6.76%	1.09x	$3.42 Billion

About Shandong Shida Shenghua Chem

SHG:603026 China Chemicals

Market Cap

$3.16 Billion

CN¥21.57 Billion CNY

Market Cap Rank

#4860 Global

#887 in China

Share Price

CN¥92.70

Change (1 day)

-3.92%

52-Week Range

CN¥35.73 - CN¥120.40

All Time High

CN¥332.29