China Kings Resources Group Co (603505) - Net Assets
Based on the latest financial reports, China Kings Resources Group Co (603505) has net assets worth CN¥2.42 Billion CNY (≈ $354.78 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¥7.26 Billion ≈ $1.06 Billion USD) and total liabilities (CN¥4.84 Billion ≈ $707.66 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. Read total liabilities of China Kings Resources Group Co for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.42 Billion |
| % of Total Assets | 33.39% |
| Annual Growth Rate | 18.35% |
| 5-Year Change | 94.76% |
| 10-Year Change | 410.65% |
| Growth Volatility | 13.51 |
China Kings Resources Group Co - Net Assets Trend (2011–2024)
This chart illustrates how China Kings Resources Group Co's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of China Kings Resources Group Co for the complete picture of this company's asset base.
Annual Net Assets for China Kings Resources Group Co (2011–2024)
The table below shows the annual net assets of China Kings Resources Group Co from 2011 to 2024. For live valuation and market cap data, see China Kings Resources Group Co (603505) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.15 Billion ≈ $314.71 Million |
+1.70% |
| 2023-12-31 | CN¥2.11 Billion ≈ $309.46 Million |
+33.31% |
| 2022-12-31 | CN¥1.59 Billion ≈ $232.13 Million |
+17.59% |
| 2021-12-31 | CN¥1.35 Billion ≈ $197.41 Million |
+22.17% |
| 2020-12-31 | CN¥1.10 Billion ≈ $161.59 Million |
+8.81% |
| 2019-12-31 | CN¥1.01 Billion ≈ $148.50 Million |
+20.19% |
| 2018-12-31 | CN¥844.34 Million ≈ $123.55 Million |
+15.82% |
| 2017-12-31 | CN¥729.04 Million ≈ $106.68 Million |
+54.84% |
| 2016-12-31 | CN¥470.85 Million ≈ $68.90 Million |
+11.80% |
| 2015-12-31 | CN¥421.15 Million ≈ $61.63 Million |
+8.82% |
| 2014-12-31 | CN¥387.04 Million ≈ $56.64 Million |
+10.44% |
| 2013-12-31 | CN¥350.43 Million ≈ $51.28 Million |
+10.68% |
| 2012-12-31 | CN¥316.62 Million ≈ $46.33 Million |
+31.58% |
| 2011-12-31 | CN¥240.64 Million ≈ $35.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Kings Resources Group Co'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 1812.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥944.97 Million | 59.22% |
| Common Stock | CN¥604.77 Million | 37.90% |
| Other Comprehensive Income | CN¥-19.12 Million | -1.20% |
| Other Components | CN¥65.02 Million | 4.07% |
| Total Equity | CN¥1.60 Billion | 100.00% |
China Kings Resources Group Co Competitors by Market Cap
The table below lists competitors of China Kings Resources Group Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shell plc
LSE:SHEL
|
$2.26 Billion |
|
Hillenbrand Inc
NYSE:HI
|
$2.26 Billion |
|
Hefei Meiya Optoelectronic Technology Inc
SHE:002690
|
$2.26 Billion |
|
Fujian Huoju Electronic
SHG:603678
|
$2.26 Billion |
|
Tower Bersama Infrastructure Tbk PT
JK:TBIG
|
$2.26 Billion |
|
HORNBACH Baumarkt AG
HM:HBM
|
$2.26 Billion |
|
Kalbe Farma Tbk PT
JK:KLBF
|
$2.26 Billion |
|
Hefei Chipmore Technology Co. Ltd. A
SHG:688352
|
$2.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Kings Resources Group Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,633,099,366 to 1,595,635,909, a change of -37,463,457 (-2.3%).
- Net income of 257,027,427 contributed positively to equity growth.
- Dividend payments of 325,630,949 reduced retained earnings.
- Share repurchases of 53,158,000 reduced equity.
- Other comprehensive income decreased equity by 17,369,345.
- Other factors increased equity by 101,667,410.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥257.03 Million | +16.11% |
| Dividends Paid | CN¥325.63 Million | -20.41% |
| Share Repurchases | CN¥53.16 Million | -3.33% |
| Other Comprehensive Income | CN¥-17.37 Million | -1.09% |
| Other Changes | CN¥101.67 Million | +6.37% |
| Total Change | CN¥- | -2.29% |
Book Value vs Market Value Analysis
This analysis compares China Kings Resources Group Co'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: 9.62x
- 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 35.17x to 9.62x 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¥0.52 | CN¥18.34 | x |
| 2012-12-31 | CN¥0.48 | CN¥18.34 | x |
| 2013-12-31 | CN¥0.54 | CN¥18.34 | x |
| 2014-12-31 | CN¥0.58 | CN¥18.34 | x |
| 2015-12-31 | CN¥0.64 | CN¥18.34 | x |
| 2016-12-31 | CN¥0.73 | CN¥18.34 | x |
| 2017-12-31 | CN¥0.92 | CN¥18.34 | x |
| 2018-12-31 | CN¥0.98 | CN¥18.34 | x |
| 2019-12-31 | CN¥1.17 | CN¥18.34 | x |
| 2020-12-31 | CN¥1.29 | CN¥18.34 | x |
| 2021-12-31 | CN¥1.52 | CN¥18.34 | x |
| 2022-12-31 | CN¥1.62 | CN¥18.34 | x |
| 2023-12-31 | CN¥1.94 | CN¥18.34 | x |
| 2024-12-31 | CN¥1.91 | CN¥18.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Kings Resources Group Co 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): 16.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.34%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 4.17x
- Recent ROE (16.11%) is above the historical average (15.99%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 18.79% | 21.06% | 0.55x | 1.63x | CN¥19.99 Million |
| 2012 | 16.80% | 22.82% | 0.45x | 1.65x | CN¥20.88 Million |
| 2013 | 15.54% | 22.03% | 0.39x | 1.82x | CN¥19.17 Million |
| 2014 | 9.59% | 15.32% | 0.34x | 1.85x | CN¥-1.57 Million |
| 2015 | 8.29% | 15.83% | 0.25x | 2.11x | CN¥-7.13 Million |
| 2016 | 10.72% | 17.72% | 0.29x | 2.09x | CN¥3.36 Million |
| 2017 | 10.61% | 20.42% | 0.31x | 1.69x | CN¥4.46 Million |
| 2018 | 16.37% | 23.42% | 0.39x | 1.80x | CN¥53.53 Million |
| 2019 | 22.24% | 27.50% | 0.44x | 1.83x | CN¥122.43 Million |
| 2020 | 22.00% | 27.06% | 0.45x | 1.82x | CN¥129.81 Million |
| 2021 | 19.03% | 23.48% | 0.48x | 1.71x | CN¥116.24 Million |
| 2022 | 16.43% | 21.18% | 0.34x | 2.26x | CN¥87.06 Million |
| 2023 | 21.36% | 18.40% | 0.38x | 3.07x | CN¥185.59 Million |
| 2024 | 16.11% | 9.34% | 0.41x | 4.17x | CN¥97.46 Million |
Industry Comparison
This section compares China Kings Resources Group Co's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.
Industry Context
- Industry: Other Industrial Metals & Mining
- Average net assets among peers: $2,097,600,613
- Average return on equity (ROE) among peers: -10.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Kings Resources Group Co (603505) | CN¥2.42 Billion | 18.79% | 1.99x | $2.26 Billion |
| Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) | $6.53 Billion | 7.20% | 1.18x | $4.18 Billion |
| Inner Mongolia Xingye Mining Co Ltd (000426) | $172.15 Million | 11.73% | 0.40x | $11.01 Billion |
| Shengda Mining Co Ltd (000603) | $2.65 Billion | 7.64% | 0.07x | $3.68 Billion |
| Pangang Group Vanadium Titanium & Resources Co Ltd (000629) | $3.61 Billion | -165.98% | 1.67x | $4.95 Billion |
| China Tungsten and Hightech Materials Co Ltd (000657) | $590.59 Million | 5.60% | 0.83x | $19.40 Billion |
| Guocheng Mining Co Ltd (000688) | $-823.22 Million | 0.00% | 0.00x | $8.93 Billion |
| Huludao Zinc Industry Co Ltd (000751) | $2.38 Billion | 9.10% | 0.75x | $1.44 Billion |
| China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) | $1.25 Billion | 12.63% | 0.68x | $2.04 Billion |
| Tibet Mineral Development Co Ltd (000762) | $2.10 Billion | 0.69% | 0.23x | $2.95 Billion |
| Innuovo Technology Co Ltd Class A (000795) | $2.52 Billion | 5.36% | 0.77x | $1.53 Billion |
About China Kings Resources Group Co
China Kings Resources Group Co.,Ltd., together with its subsidiaries, invests in and develops fluorite mines in the People's Republic of China. The company produces and sells fluorite products, such as acid grade fluorite fine powder for use as fluorine chemical material; high-grade fluorite lump ore used in the smelting of steel, and production of ceramics and cement; metallurgical grade fluorit… Read more