MEGA P&C Advanced Materials (Shanghai) Company Limited
MEGA P&C Advanced Materials (Shanghai) Company Limited produces and sells solid content, water-based solvent free, and special function coating products in China. The company offers It serves customers in wind energy, shipping container, bridge construction, and steel structure industries. The company was formerly known as Shanghai Mega Coatings Company Limited and changed its name to MEGA P&C A… Read more
MEGA P&C Advanced Materials (Shanghai) Company Limited (603062) - Net Assets
Latest net assets as of September 2025: CN¥2.04 Billion CNY
Based on the latest financial reports, MEGA P&C Advanced Materials (Shanghai) Company Limited (603062) has net assets worth CN¥2.04 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.96 Billion) and total liabilities (CN¥920.68 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.04 Billion |
| % of Total Assets | 68.92% |
| Annual Growth Rate | 49.94% |
| 5-Year Change | 714.78% |
| 10-Year Change | N/A |
| Growth Volatility | 89.07 |
MEGA P&C Advanced Materials (Shanghai) Company Limited - Net Assets Trend (2019–2024)
This chart illustrates how MEGA P&C Advanced Materials (Shanghai) Company Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for MEGA P&C Advanced Materials (Shanghai) Company Limited (2019–2024)
The table below shows the annual net assets of MEGA P&C Advanced Materials (Shanghai) Company Limited from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.06 Billion | -2.81% |
| 2023-12-31 | CN¥2.12 Billion | +230.04% |
| 2022-12-31 | CN¥642.31 Million | +26.51% |
| 2021-12-31 | CN¥507.71 Million | +100.78% |
| 2020-12-31 | CN¥252.87 Million | -6.90% |
| 2019-12-31 | CN¥271.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to MEGA P&C Advanced Materials (Shanghai) Company Limited'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 1822.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥440.69 Million | 21.39% |
| Common Stock | CN¥108.00 Million | 5.24% |
| Other Comprehensive Income | CN¥96.36 Million | 4.68% |
| Other Components | CN¥1.42 Billion | 68.69% |
| Total Equity | CN¥2.06 Billion | 100.00% |
MEGA P&C Advanced Materials (Shanghai) Company Limited Competitors by Market Cap
The table below lists competitors of MEGA P&C Advanced Materials (Shanghai) Company Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hsin Kuang Steel Co Ltd
TW:2031
|
$246.16 Million |
|
FD Technologies Plc
PINK:FDRVF
|
$246.20 Million |
|
Skytech Inc.
TW:6937
|
$246.22 Million |
|
Golden Friends
TWO:4506
|
$246.40 Million |
|
Guangdong Senssun Weighing Apparatus Group Ltd
SHE:002870
|
$246.11 Million |
|
Shandong Longquan Pipeline Engineering Co Ltd
SHE:002671
|
$246.08 Million |
|
Northpointe Bancshares, Inc.
NYSE:NPB
|
$246.05 Million |
|
Hangzhou Gaoxin Rubber & Plastic Materials Co Ltd
SHE:300478
|
$245.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in MEGA P&C Advanced Materials (Shanghai) Company Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,119,898,658 to 2,060,341,743, a change of -59,556,915 (-2.8%).
- Net income of 210,859,233 contributed positively to equity growth.
- Dividend payments of 201,421,538 reduced retained earnings.
- Share repurchases of 69,999,417 reduced equity.
- Other comprehensive income decreased equity by 593,508.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥210.86 Million | +10.23% |
| Dividends Paid | CN¥201.42 Million | -9.78% |
| Share Repurchases | CN¥70.00 Million | -3.4% |
| Other Comprehensive Income | CN¥-593.51K | -0.03% |
| Other Changes | CN¥1.60 Million | +0.08% |
| Total Change | CN¥- | -2.81% |
Book Value vs Market Value Analysis
This analysis compares MEGA P&C Advanced Materials (Shanghai) Company Limited'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: 2.92x
- 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 13.84x to 2.92x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥4.07 | CN¥56.29 | x |
| 2020-12-31 | CN¥3.79 | CN¥56.29 | x |
| 2021-12-31 | CN¥6.27 | CN¥56.29 | x |
| 2022-12-31 | CN¥7.93 | CN¥56.29 | x |
| 2023-12-31 | CN¥24.89 | CN¥56.29 | x |
| 2024-12-31 | CN¥19.25 | CN¥56.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently MEGA P&C Advanced Materials (Shanghai) Company Limited 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): 10.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.86%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.63x
- Recent ROE (10.23%) is below the historical average (33.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 10.73% | 4.16% | 0.83x | 3.09x | CN¥1.98 Million |
| 2020 | 69.46% | 18.67% | 0.93x | 4.02x | CN¥150.36 Million |
| 2021 | 64.13% | 16.36% | 1.14x | 3.44x | CN¥274.84 Million |
| 2022 | 40.48% | 18.75% | 1.13x | 1.91x | CN¥195.77 Million |
| 2023 | 7.88% | 14.64% | 0.42x | 1.29x | CN¥-45.03 Million |
| 2024 | 10.23% | 9.86% | 0.64x | 1.63x | CN¥4.83 Million |
Industry Comparison
This section compares MEGA P&C Advanced Materials (Shanghai) Company Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| MEGA P&C Advanced Materials (Shanghai) Company Limited (603062) | CN¥2.04 Billion | 10.73% | 0.45x | $246.14 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |