Rongsheng Paper (603165) - Net Assets
Based on the latest financial reports, Rongsheng Paper (603165) has net assets worth CN¥2.69 Billion CNY (≈ $393.42 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¥4.73 Billion ≈ $691.80 Million USD) and total liabilities (CN¥2.04 Billion ≈ $298.38 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. Also explore Rongsheng Paper (603165) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.69 Billion |
| % of Total Assets | 56.87% |
| Annual Growth Rate | 20.67% |
| 5-Year Change | 15.31% |
| 10-Year Change | 422.47% |
| Growth Volatility | 38.7 |
Rongsheng Paper - Net Assets Trend (2011–2025)
This chart illustrates how Rongsheng Paper's net assets have evolved over time, based on quarterly financial data. Check Rongsheng Paper (603165) tangible net worth to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Rongsheng Paper (2011–2025)
The table below shows the annual net assets of Rongsheng Paper from 2011 to 2025. For live valuation and market cap data, see 603165 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.16 Billion ≈ $315.58 Million |
-7.39% |
| 2024-12-31 | CN¥2.33 Billion ≈ $340.76 Million |
+4.31% |
| 2023-12-31 | CN¥2.23 Billion ≈ $326.67 Million |
+12.17% |
| 2022-12-31 | CN¥1.99 Billion ≈ $291.23 Million |
+6.41% |
| 2021-12-31 | CN¥1.87 Billion ≈ $273.69 Million |
+12.34% |
| 2020-12-31 | CN¥1.66 Billion ≈ $243.63 Million |
+13.80% |
| 2019-12-31 | CN¥1.46 Billion ≈ $214.09 Million |
+18.58% |
| 2018-12-31 | CN¥1.23 Billion ≈ $180.55 Million |
+16.55% |
| 2017-12-31 | CN¥1.06 Billion ≈ $154.92 Million |
+156.48% |
| 2016-12-31 | CN¥412.77 Million ≈ $60.40 Million |
+48.05% |
| 2015-12-31 | CN¥278.81 Million ≈ $40.80 Million |
+0.79% |
| 2014-12-31 | CN¥276.61 Million ≈ $40.48 Million |
+14.46% |
| 2013-12-31 | CN¥241.67 Million ≈ $35.36 Million |
+30.75% |
| 2012-12-31 | CN¥184.83 Million ≈ $27.05 Million |
+18.97% |
| 2011-12-31 | CN¥155.35 Million ≈ $22.73 Million |
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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 2971.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.35 Billion | 62.38% |
| Other Components | CN¥811.26 Million | 37.62% |
| Total Equity | CN¥2.16 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 |
|---|---|
|
Daheng New Epoch Technology Inc
SHG:600288
|
$639.18 Million |
|
Xingtong Shipping Co. Ltd.
SHG:603209
|
$639.18 Million |
|
Achieve Life Sciences Inc
NASDAQ:ACHV
|
$639.57 Million |
|
Diagnósticos da América S.A
SA:DASA3
|
$640.05 Million |
|
Helen of Troy Ltd
NASDAQ:HELE
|
$638.90 Million |
|
Jiangsu Province Commun
SHG:603018
|
$638.89 Million |
|
Embracer Group AB Series B
LSE:0GFE
|
$638.84 Million |
|
NanJing GOVA Technology Co. Ltd. A
SHG:688539
|
$638.80 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 2024 to 2025, total equity changed from 2,328,662,904 to 2,156,635,529, a change of -172,027,375 (-7.4%).
- Net income of 223,749,607 contributed positively to equity growth.
- Dividend payments of 319,971,218 reduced retained earnings.
- Other comprehensive income decreased equity by 246,082,288.
- Other factors increased equity by 170,276,523.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥223.75 Million | +10.37% |
| Dividends Paid | CN¥319.97 Million | -14.84% |
| Other Comprehensive Income | CN¥-246.08 Million | -11.41% |
| Other Changes | CN¥170.28 Million | +7.9% |
| Total Change | CN¥- | -7.39% |
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: 1.67x
- 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 16.64x to 1.67x 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¥13.63 | x |
| 2012-12-31 | CN¥0.90 | CN¥13.63 | x |
| 2013-12-31 | CN¥1.20 | CN¥13.63 | x |
| 2014-12-31 | CN¥1.48 | CN¥13.63 | x |
| 2015-12-31 | CN¥1.49 | CN¥13.63 | x |
| 2016-12-31 | CN¥2.16 | CN¥13.63 | x |
| 2017-12-31 | CN¥4.36 | CN¥13.63 | x |
| 2018-12-31 | CN¥4.96 | CN¥13.63 | x |
| 2019-12-31 | CN¥5.81 | CN¥13.63 | x |
| 2020-12-31 | CN¥6.53 | CN¥13.63 | x |
| 2021-12-31 | CN¥6.97 | CN¥13.63 | x |
| 2022-12-31 | CN¥7.46 | CN¥13.63 | x |
| 2023-12-31 | CN¥8.25 | CN¥13.63 | x |
| 2024-12-31 | CN¥8.13 | CN¥13.63 | x |
| 2025-12-31 | CN¥8.17 | CN¥13.63 | 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): 10.37%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.93%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 2.23x
- Recent ROE (10.37%) is below the historical average (18.72%), 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 | 31.89% | 12.44% | 1.19x | 2.15x | CN¥87.88 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 |
| 2025 | 10.37% | 9.93% | 0.47x | 2.23x | CN¥8.09 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: $1,635,281,521
- Average return on equity (ROE) among peers: 12.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Rongsheng Paper (603165) | CN¥2.69 Billion | 11.21% | 0.76x | $639.13 Million |
| Zhuhai Zhongfu Enterprise Co Ltd (000659) | $960.44 Million | 15.96% | 0.57x | $492.92 Million |
| Huangshan Novel Co Ltd (002014) | $1.76 Billion | 11.55% | 0.30x | $989.48 Million |
| Shenzhen Jinjia Color Printing Group Co Ltd (002191) | $2.42 Billion | 9.27% | 0.55x | $796.65 Million |
| Xiamen Hexing Packaging Printing Co Ltd (002228) | $3.61 Billion | 3.66% | 1.44x | $548.65 Million |
| Shenzhen Beauty Star Co Ltd (002243) | $145.05 Million | 30.37% | 2.00x | $1.26 Billion |
| Zhejiang Great Southeast Co Ltd (002263) | $2.17 Billion | 1.95% | 0.77x | $799.85 Million |
| Shenzhen MYS Environmental Protection & Technology Co Ltd (002303) | $104.31 Million | 32.09% | 1.08x | $1.03 Billion |
| Shandong Lipeng Co Ltd (002374) | $1.89 Billion | 1.66% | 0.53x | $479.58 Million |
| Zhejiang Zhongcheng Packing Material Co Ltd (002522) | $1.59 Billion | 6.50% | 0.31x | $652.12 Million |
| Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565) | $1.70 Billion | 9.68% | 0.47x | $1.31 Billion |
About Rongsheng Paper
Zhejiang Rongsheng Environmental Protection Paper Co., Ltd. produces and sells recycled packaging paper products in China. It offers corrugated base paper, kraft linerboard, high-density paperboard, corrugated board, cartons, and steam. The company also produces and supplies thermal power. It exports its products. Zhejiang Rongsheng Environmental Protection Paper Co., Ltd. was founded in 1980 and… Read more