Rongsheng Paper
Zhejiang Rongsheng Environmental Protection Paper Co., Ltd. produces and sells recycled packaging paper products in China. It offers packaging products, such as kraft linerboard, corrugated base paper, and corrugated paperboard, as well as cartons and steam. The company also produces and supplies thermal power. It exports its products. Zhejiang Rongsheng Environmental Protection Paper Co., Ltd. w… Read more
Rongsheng Paper (603165) - Net Assets
Latest net assets as of September 2025: CN¥2.12 Billion CNY
Based on the latest financial reports, Rongsheng Paper (603165) has net assets worth CN¥2.12 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¥4.90 Billion) and total liabilities (CN¥2.78 Billion). 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¥2.12 Billion |
| % of Total Assets | 43.26% |
| Annual Growth Rate | 23.15% |
| 5-Year Change | 39.87% |
| 10-Year Change | 735.22% |
| Growth Volatility | 39.08 |
Rongsheng Paper - Net Assets Trend (2011–2024)
This chart illustrates how Rongsheng Paper's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Rongsheng Paper (2011–2024)
The table below shows the annual net assets of Rongsheng Paper from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.33 Billion | +4.31% |
| 2023-12-31 | CN¥2.23 Billion | +12.17% |
| 2022-12-31 | CN¥1.99 Billion | +6.41% |
| 2021-12-31 | CN¥1.87 Billion | +12.34% |
| 2020-12-31 | CN¥1.66 Billion | +13.80% |
| 2019-12-31 | CN¥1.46 Billion | +18.58% |
| 2018-12-31 | CN¥1.23 Billion | +16.55% |
| 2017-12-31 | CN¥1.06 Billion | +156.48% |
| 2016-12-31 | CN¥412.77 Million | +48.05% |
| 2015-12-31 | CN¥278.81 Million | +0.79% |
| 2014-12-31 | CN¥276.61 Million | +14.46% |
| 2013-12-31 | CN¥241.67 Million | +30.75% |
| 2012-12-31 | CN¥184.83 Million | +18.97% |
| 2011-12-31 | CN¥155.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Rongsheng Paper'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 3113.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.41 Billion | 60.44% |
| Common Stock | CN¥272.61 Million | 11.71% |
| Other Comprehensive Income | CN¥246.08 Million | 10.57% |
| Other Components | CN¥402.57 Million | 17.29% |
| Total Equity | CN¥2.33 Billion | 100.00% |
Rongsheng Paper Competitors by Market Cap
The table below lists competitors of Rongsheng Paper ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Caribou Biosciences Inc
NASDAQ:CRBU
|
$181.77 Million |
|
Panda Dairy Corp
SHE:300898
|
$181.77 Million |
|
LUOYANG GLASS CO. H YC 1
F:LUG
|
$181.80 Million |
|
Halla Holdings Corp
KO:060980
|
$181.82 Million |
|
PT Sampoerna Agro Tbk
F:SZ31
|
$181.71 Million |
|
MegaStudyEdu Co. Ltd
KQ:215200
|
$181.69 Million |
|
Hangzhou Innover Technology Co Ltd
SHE:002767
|
$181.69 Million |
|
WinMate Communication INC
TW:3416
|
$181.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Rongsheng Paper's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,232,365,922 to 2,328,662,904, a change of 96,296,982 (4.3%).
- Net income of 286,346,551 contributed positively to equity growth.
- Dividend payments of 168,660,704 reduced retained earnings.
- Share repurchases of 65,811,236 reduced equity.
- Other comprehensive income increased equity by 246,082,288.
- Other factors decreased equity by 201,659,917.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥286.35 Million | +12.3% |
| Dividends Paid | CN¥168.66 Million | -7.24% |
| Share Repurchases | CN¥65.81 Million | -2.83% |
| Other Comprehensive Income | CN¥246.08 Million | +10.57% |
| Other Changes | CN¥-201.66 Million | -8.66% |
| Total Change | CN¥- | 4.31% |
Book Value vs Market Value Analysis
This analysis compares Rongsheng Paper'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: 1.80x
- 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 17.86x to 1.80x 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¥0.82 | CN¥14.63 | x |
| 2012-12-31 | CN¥0.90 | CN¥14.63 | x |
| 2013-12-31 | CN¥1.20 | CN¥14.63 | x |
| 2014-12-31 | CN¥1.48 | CN¥14.63 | x |
| 2015-12-31 | CN¥1.49 | CN¥14.63 | x |
| 2016-12-31 | CN¥2.16 | CN¥14.63 | x |
| 2017-12-31 | CN¥4.36 | CN¥14.63 | x |
| 2018-12-31 | CN¥4.96 | CN¥14.63 | x |
| 2019-12-31 | CN¥5.83 | CN¥14.63 | x |
| 2020-12-31 | CN¥6.53 | CN¥14.63 | x |
| 2021-12-31 | CN¥6.97 | CN¥14.63 | x |
| 2022-12-31 | CN¥7.46 | CN¥14.63 | x |
| 2023-12-31 | CN¥8.25 | CN¥14.63 | x |
| 2024-12-31 | CN¥8.13 | CN¥14.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Rongsheng Paper 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): 12.30%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.81%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.02x
- Recent ROE (12.30%) is below the historical average (19.22%), 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 | 11.21% | 2.92% | 1.18x | 3.25x | CN¥1.89 Million |
| 2012 | 26.00% | 7.01% | 1.18x | 3.15x | CN¥27.10 Million |
| 2013 | 20.41% | 6.40% | 1.32x | 2.42x | CN¥23.11 Million |
| 2014 | 19.64% | 7.57% | 1.24x | 2.09x | CN¥26.67 Million |
| 2015 | 27.69% | 10.78% | 1.30x | 1.98x | CN¥49.31 Million |
| 2016 | 30.57% | 11.93% | 1.19x | 2.15x | CN¥82.59 Million |
| 2017 | 37.66% | 19.60% | 1.49x | 1.29x | CN¥292.82 Million |
| 2018 | 16.86% | 9.96% | 1.46x | 1.16x | CN¥84.59 Million |
| 2019 | 17.03% | 14.87% | 0.86x | 1.32x | CN¥102.87 Million |
| 2020 | 13.93% | 13.68% | 0.80x | 1.28x | CN¥65.43 Million |
| 2021 | 15.21% | 11.78% | 0.94x | 1.38x | CN¥97.38 Million |
| 2022 | 8.45% | 6.56% | 0.96x | 1.34x | CN¥-30.89 Million |
| 2023 | 12.12% | 11.81% | 0.63x | 1.62x | CN¥47.43 Million |
| 2024 | 12.30% | 12.81% | 0.47x | 2.02x | CN¥53.48 Million |
Industry Comparison
This section compares Rongsheng Paper's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $1,649,691,170
- Average return on equity (ROE) among peers: 4.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rongsheng Paper (603165) | CN¥2.12 Billion | 11.21% | 1.31x | $181.75 Million |
| Zhuhai Zhongfu Enterprise Co Ltd (000659) | $243.75 Million | -28.82% | 6.53x | $570.17 Million |
| Huangshan Novel Co Ltd (002014) | $1.41 Billion | 12.64% | 0.29x | $324.87 Million |
| Shenzhen Jinjia Color Printing Group Co Ltd (002191) | $2.61 Billion | 11.62% | 0.43x | $501.74 Million |
| Xiamen Hexing Packaging Printing Co Ltd (002228) | $3.52 Billion | 2.93% | 1.34x | $305.31 Million |
| Shenzhen Beauty Star Co Ltd (002243) | $1.62 Billion | 21.22% | 0.22x | $727.03 Million |
| Zhejiang Great Southeast Co Ltd (002263) | $507.84 Million | 4.90% | 3.19x | $652.72 Million |
| Shenzhen MYS Environmental Protection & Technology Co Ltd (002303) | $277.22 Million | 36.79% | 0.68x | $465.12 Million |
| Shandong Lipeng Co Ltd (002374) | $2.16 Billion | -31.07% | 1.25x | $410.53 Million |
| Zhejiang Zhongcheng Packing Material Co Ltd (002522) | $2.07 Billion | 6.80% | 0.73x | $525.36 Million |
| Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565) | $2.06 Billion | 11.10% | 0.50x | $1.10 Billion |