Shandong Daye Co Ltd Class A (603278) - Net Assets
Based on the latest financial reports, Shandong Daye Co Ltd Class A (603278) has net assets worth CN¥2.01 Billion CNY (≈ $293.61 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¥8.11 Billion ≈ $1.19 Billion USD) and total liabilities (CN¥6.10 Billion ≈ $893.04 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 Shandong Daye Co Ltd Class A liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.01 Billion |
| % of Total Assets | 24.74% |
| Annual Growth Rate | 20.08% |
| 5-Year Change | 37.85% |
| 10-Year Change | 449.55% |
| Growth Volatility | 36.09 |
Shandong Daye Co Ltd Class A - Net Assets Trend (2013–2024)
This chart illustrates how Shandong Daye Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Daye Co Ltd Class A total assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Daye Co Ltd Class A (2013–2024)
The table below shows the annual net assets of Shandong Daye Co Ltd Class A from 2013 to 2024. For live valuation and market cap data, see 603278 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.43 Billion ≈ $355.25 Million |
-7.00% |
| 2023-12-31 | CN¥2.61 Billion ≈ $382.01 Million |
+27.29% |
| 2022-12-31 | CN¥2.05 Billion ≈ $300.10 Million |
+11.22% |
| 2021-12-31 | CN¥1.84 Billion ≈ $269.83 Million |
+4.71% |
| 2020-12-31 | CN¥1.76 Billion ≈ $257.70 Million |
+3.33% |
| 2019-12-31 | CN¥1.70 Billion ≈ $249.40 Million |
+11.63% |
| 2018-12-31 | CN¥1.53 Billion ≈ $223.41 Million |
+12.01% |
| 2017-12-31 | CN¥1.36 Billion ≈ $199.45 Million |
+133.09% |
| 2016-12-31 | CN¥584.76 Million ≈ $85.57 Million |
+32.37% |
| 2015-12-31 | CN¥441.76 Million ≈ $64.64 Million |
+19.65% |
| 2014-12-31 | CN¥369.21 Million ≈ $54.03 Million |
+13.80% |
| 2013-12-31 | CN¥324.43 Million ≈ $47.47 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Daye Co Ltd Class A'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 494.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥555.34 Million | 26.42% |
| Common Stock | CN¥341.76 Million | 16.26% |
| Other Components | CN¥1.20 Billion | 57.32% |
| Total Equity | CN¥2.10 Billion | 100.00% |
Shandong Daye Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Shandong Daye Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Olvi Oyj A
HE:OLVAS
|
$616.13 Million |
|
SFA Engineering Corporation
KQ:056190
|
$616.37 Million |
|
Xinjiang Ba Yi Iron & Steel Co Ltd
SHG:600581
|
$616.86 Million |
|
Zhejiang Jianfeng Group Co Ltd
SHG:600668
|
$616.89 Million |
|
Ricegrowers Ltd
AU:SGLLV
|
$616.11 Million |
|
Dap Gayrimenkul Gelistirme AS
IS:DAPGM
|
$616.09 Million |
|
Zhejiang Tony Electronic Co Ltd
SHG:603595
|
$615.99 Million |
|
Shang Gong Group Co Ltd A
SHG:600843
|
$615.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Daye Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,257,486,985 to 2,101,690,426, a change of -155,796,559 (-6.9%).
- Net loss of 170,249,898 reduced equity.
- Dividend payments of 65,101,697 reduced retained earnings.
- Share repurchases of 40,060,000 reduced equity.
- Other comprehensive income decreased equity by 114,594,865.
- Other factors increased equity by 234,209,901.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-170.25 Million | -8.1% |
| Dividends Paid | CN¥65.10 Million | -3.1% |
| Share Repurchases | CN¥40.06 Million | -1.91% |
| Other Comprehensive Income | CN¥-114.59 Million | -5.45% |
| Other Changes | CN¥234.21 Million | +11.14% |
| Total Change | CN¥- | -6.90% |
Book Value vs Market Value Analysis
This analysis compares Shandong Daye Co Ltd Class A'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: 2.00x
- 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 8.31x to 2.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.48 | CN¥12.32 | x |
| 2014-12-31 | CN¥1.71 | CN¥12.32 | x |
| 2015-12-31 | CN¥2.04 | CN¥12.32 | x |
| 2016-12-31 | CN¥2.69 | CN¥12.32 | x |
| 2017-12-31 | CN¥6.08 | CN¥12.32 | x |
| 2018-12-31 | CN¥5.28 | CN¥12.32 | x |
| 2019-12-31 | CN¥5.71 | CN¥12.32 | x |
| 2020-12-31 | CN¥6.14 | CN¥12.32 | x |
| 2021-12-31 | CN¥6.38 | CN¥12.32 | x |
| 2022-12-31 | CN¥5.89 | CN¥12.32 | x |
| 2023-12-31 | CN¥7.77 | CN¥12.32 | x |
| 2024-12-31 | CN¥6.17 | CN¥12.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Daye Co Ltd Class A 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): -8.10%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.34%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 3.66x
- Recent ROE (-8.10%) is below the historical average (7.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 12.52% | 4.15% | 0.80x | 3.79x | CN¥8.18 Million |
| 2014 | 12.13% | 3.97% | 0.79x | 3.87x | CN¥7.85 Million |
| 2015 | 16.42% | 6.39% | 0.76x | 3.36x | CN¥28.38 Million |
| 2016 | 24.45% | 10.21% | 0.85x | 2.83x | CN¥84.53 Million |
| 2017 | 9.64% | 6.97% | 0.67x | 2.07x | CN¥-4.90 Million |
| 2018 | 13.45% | 8.42% | 0.76x | 2.10x | CN¥52.68 Million |
| 2019 | 8.93% | 5.58% | 0.67x | 2.38x | CN¥-18.20 Million |
| 2020 | 5.82% | 3.34% | 0.58x | 3.01x | CN¥-73.58 Million |
| 2021 | 5.90% | 2.63% | 0.61x | 3.67x | CN¥-75.52 Million |
| 2022 | -15.83% | -5.19% | 0.72x | 4.22x | CN¥-441.30 Million |
| 2023 | 4.25% | 1.73% | 0.76x | 3.23x | CN¥-129.90 Million |
| 2024 | -8.10% | -3.34% | 0.66x | 3.66x | CN¥-380.42 Million |
Industry Comparison
This section compares Shandong Daye Co Ltd Class A's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $2,206,877,606
- Average return on equity (ROE) among peers: 6.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Daye Co Ltd Class A (603278) | CN¥2.01 Billion | 12.52% | 3.04x | $616.12 Million |
| China International Marine Containers Group Ltd (000039) | $8.33 Billion | 28.67% | 1.03x | $4.50 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $160.61 Million | -26.29% | 0.37x | $384.89 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $1.07 Billion | 0.86% | 0.44x | $410.37 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $329.96 Million | 28.81% | 0.69x | $1.20 Billion |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $3.45 Billion | 9.66% | 0.50x | $1.73 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $1.29 Billion | 10.75% | 0.38x | $1.90 Billion |
| Dajin Heavy Industry Corp (002487) | $1.51 Billion | 2.42% | 0.28x | $8.04 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $860.67 Million | 4.61% | 0.86x | $340.32 Million |
| Guangzheng Group Co Ltd (002524) | $1.03 Billion | 0.15% | 0.92x | $334.06 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $4.03 Billion | 5.20% | 1.12x | $1.96 Billion |
About Shandong Daye Co Ltd Class A
Shandong Daye Co., Ltd. engages in the research, development, production, and sales of bead wires, steel cords, and hose steel, aluminum-clad steel and rope wires in China. It also provides steel nails, aluminum products, metallurgical rollers and accessories, textile machinery and accessories, auto parts, and motorcycle accessories. In addition, it provides spraying, metal surface treatment, and… Read more