Liaoning Fu-An (603315) - Net Assets

Latest as of September 2025: CN¥1.69 Billion CNY ≈ $247.72 Million USD

Based on the latest financial reports, Liaoning Fu-An (603315) has net assets worth CN¥1.69 Billion CNY (≈ $247.72 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¥3.18 Billion ≈ $466.00 Million USD) and total liabilities (CN¥1.49 Billion ≈ $218.28 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 Liaoning Fu-An asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.69 Billion
% of Total Assets	53.16%
Annual Growth Rate	14.76%
5-Year Change	21.81%
10-Year Change	160.6%
Growth Volatility	24.54

Liaoning Fu-An - Net Assets Trend (2011–2024)

This chart illustrates how Liaoning Fu-An's net assets have evolved over time, based on quarterly financial data. Also explore 603315 total asset value for the complete picture of this company's asset base.

Annual Net Assets for Liaoning Fu-An (2011–2024)

The table below shows the annual net assets of Liaoning Fu-An from 2011 to 2024. For live valuation and market cap data, see 603315 market cap.

Year	Net Assets	Change
2024-12-31	CN¥1.66 Billion ≈ $243.49 Million	+9.64%
2023-12-31	CN¥1.52 Billion ≈ $222.08 Million	+5.91%
2022-12-31	CN¥1.43 Billion ≈ $209.69 Million	+2.92%
2021-12-31	CN¥1.39 Billion ≈ $203.74 Million	+1.93%
2020-12-31	CN¥1.37 Billion ≈ $199.89 Million	+3.66%
2019-12-31	CN¥1.32 Billion ≈ $192.84 Million	+33.55%
2018-12-31	CN¥986.77 Million ≈ $144.40 Million	+0.54%
2017-12-31	CN¥981.44 Million ≈ $143.62 Million	+50.31%
2016-12-31	CN¥652.93 Million ≈ $95.54 Million	+2.26%
2015-12-31	CN¥638.52 Million ≈ $93.44 Million	+85.92%
2014-12-31	CN¥343.44 Million ≈ $50.26 Million	-1.08%
2013-12-31	CN¥347.18 Million ≈ $50.80 Million	+7.13%
2012-12-31	CN¥324.07 Million ≈ $47.42 Million	+16.64%
2011-12-31	CN¥277.85 Million ≈ $40.66 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Liaoning Fu-An'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 2397.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥628.00 Million	37.62%
Common Stock	CN¥320.43 Million	19.19%
Other Comprehensive Income	CN¥1.60 Million	0.10%
Other Components	CN¥719.42 Million	43.09%
Total Equity	CN¥1.67 Billion	100.00%

Liaoning Fu-An Competitors by Market Cap

The table below lists competitors of Liaoning Fu-An ranked by their market capitalization.

Company	Market Cap
Power Mech Projects Limited NSE:POWERMECH	$890.97 Million
Irish Continental Group PLC IR:IR5B	$890.98 Million
Jinyuan Cement Co Ltd SHE:000546	$891.01 Million
Chengdu Xiling Power Science & Technology Incorporated Co Class A SHE:300733	$891.02 Million
Sparebanken Sor OL:SOR	$890.43 Million
People & Technology Inc KQ:137400	$890.36 Million
Evertz Technologies Limited TO:ET	$890.05 Million
Baotou Huazi Industry Co Ltd SHG:600191	$889.85 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Liaoning Fu-An's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,522,421,864 to 1,669,457,865, a change of 147,036,001 (9.7%).
Net income of 87,545,837 contributed positively to equity growth.
Dividend payments of 46,293,276 reduced retained earnings.
Other comprehensive income increased equity by 24,312,486.
Other factors increased equity by 81,470,954.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥87.55 Million	+5.24%
Dividends Paid	CN¥46.29 Million	-2.77%
Other Comprehensive Income	CN¥24.31 Million	+1.46%
Other Changes	CN¥81.47 Million	+4.88%
Total Change	CN¥-	9.66%

Book Value vs Market Value Analysis

This analysis compares Liaoning Fu-An'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: 3.53x
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 10.29x to 3.53x 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¥1.85	CN¥19.00	x
2012-12-31	CN¥2.17	CN¥19.00	x
2013-12-31	CN¥2.32	CN¥19.00	x
2014-12-31	CN¥2.29	CN¥19.00	x
2015-12-31	CN¥3.47	CN¥19.00	x
2016-12-31	CN¥3.23	CN¥19.00	x
2017-12-31	CN¥4.82	CN¥19.00	x
2018-12-31	CN¥4.49	CN¥19.00	x
2019-12-31	CN¥4.30	CN¥19.00	x
2020-12-31	CN¥4.46	CN¥19.00	x
2021-12-31	CN¥4.55	CN¥19.00	x
2022-12-31	CN¥4.68	CN¥19.00	x
2023-12-31	CN¥4.91	CN¥19.00	x
2024-12-31	CN¥5.39	CN¥19.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Liaoning Fu-An 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): 5.24%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.08%
• Asset Turnover: 0.43x
• Equity Multiplier: 1.71x
Recent ROE (5.24%) is below the historical average (8.15%), 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	18.41%	13.00%	0.49x	2.91x	CN¥23.37 Million
2012	14.26%	11.82%	0.43x	2.79x	CN¥13.81 Million
2013	15.30%	13.18%	0.42x	2.79x	CN¥18.39 Million
2014	16.38%	13.34%	0.40x	3.05x	CN¥21.92 Million
2015	8.65%	13.11%	0.40x	1.66x	CN¥-8.64 Million
2016	5.27%	9.95%	0.32x	1.64x	CN¥-30.89 Million
2017	0.91%	2.83%	0.23x	1.41x	CN¥-89.25 Million
2018	0.95%	2.80%	0.24x	1.41x	CN¥-89.38 Million
2019	8.64%	13.65%	0.42x	1.49x	CN¥-17.89 Million
2020	7.25%	11.20%	0.42x	1.56x	CN¥-37.56 Million
2021	5.37%	7.88%	0.37x	1.82x	CN¥-64.67 Million
2022	2.80%	3.82%	0.38x	1.94x	CN¥-103.43 Million
2023	4.72%	7.04%	0.36x	1.85x	CN¥-80.44 Million
2024	5.24%	7.08%	0.43x	1.71x	CN¥-79.40 Million

Industry Comparison

This section compares Liaoning Fu-An's net assets metrics with peer companies in the Steel industry.

Industry Context

Industry: Steel
Average net assets among peers: $16,063,507,368
Average return on equity (ROE) among peers: 1.65%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Liaoning Fu-An (603315)	CN¥1.69 Billion	18.41%	0.88x	$890.71 Million
CITIC Pacific Special Steel Group Co Ltd (000708)	$800.85 Million	5.69%	2.49x	$11.51 Billion
HBIS Co Ltd (000709)	$44.79 Billion	0.26%	2.73x	$3.60 Billion
Sgis Songshan Co Ltd (000717)	$2.28 Billion	9.87%	0.31x	$883.17 Million
Bengang Steel Plates Co Ltd (000761)	$21.55 Billion	1.78%	2.02x	$1.58 Billion
Xinxing Ductile Iron Pipes Co Ltd (000778)	$9.84 Billion	9.05%	0.83x	$2.60 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825)	$2.40 Billion	12.15%	0.98x	$3.63 Billion
Jiangsu Fasten Co Ltd (000890)	$1.16 Billion	1.67%	1.30x	$867.39 Million
Angang Steel Co Ltd Class A (000898)	$55.39 Billion	-5.88%	0.75x	$2.69 Billion
Hunan Valin Steel Co Ltd (000932)	$14.49 Billion	-18.24%	4.16x	$4.74 Billion
Beijing Shougang Co Ltd (000959)	$7.92 Billion	0.15%	1.08x	$5.15 Billion

About Liaoning Fu-An

SHG:603315 China Steel

Market Cap

$890.71 Million

CN¥6.09 Billion CNY

Market Cap Rank

#9754 Global

#2769 in China

Share Price

CN¥19.00

Change (1 day)

+0.53%

52-Week Range

CN¥11.91 - CN¥19.53

All Time High

CN¥34.48