Shandong Gold Phoenix Co Ltd (603586) - Net Assets
Based on the latest financial reports, Shandong Gold Phoenix Co Ltd (603586) has net assets worth CN¥2.32 Billion CNY (≈ $339.48 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¥2.69 Billion ≈ $394.02 Million USD) and total liabilities (CN¥372.76 Million ≈ $54.55 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 Gold Phoenix Co Ltd (603586) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.32 Billion |
| % of Total Assets | 86.16% |
| Annual Growth Rate | 15.64% |
| 5-Year Change | 4.84% |
| 10-Year Change | 173.5% |
| Growth Volatility | 32.14 |
Shandong Gold Phoenix Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Shandong Gold Phoenix Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Gold Phoenix Co Ltd (603586) total assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Gold Phoenix Co Ltd (2012–2024)
The table below shows the annual net assets of Shandong Gold Phoenix Co Ltd from 2012 to 2024. For live valuation and market cap data, see how much is Shandong Gold Phoenix Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.28 Billion ≈ $333.06 Million |
+0.83% |
| 2023-12-31 | CN¥2.26 Billion ≈ $330.32 Million |
+1.68% |
| 2022-12-31 | CN¥2.22 Billion ≈ $324.88 Million |
+10.84% |
| 2021-12-31 | CN¥2.00 Billion ≈ $293.10 Million |
-7.74% |
| 2020-12-31 | CN¥2.17 Billion ≈ $317.68 Million |
-0.79% |
| 2019-12-31 | CN¥2.19 Billion ≈ $320.21 Million |
+2.06% |
| 2018-12-31 | CN¥2.14 Billion ≈ $313.73 Million |
+1.26% |
| 2017-12-31 | CN¥2.12 Billion ≈ $309.83 Million |
+113.40% |
| 2016-12-31 | CN¥992.18 Million ≈ $145.19 Million |
+19.22% |
| 2015-12-31 | CN¥832.20 Million ≈ $121.78 Million |
+18.50% |
| 2014-12-31 | CN¥702.26 Million ≈ $102.76 Million |
+16.24% |
| 2013-12-31 | CN¥604.15 Million ≈ $88.41 Million |
+51.77% |
| 2012-12-31 | CN¥398.06 Million ≈ $58.25 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Gold Phoenix Co Ltd'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 818.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥807.70 Million | 35.49% |
| Common Stock | CN¥196.05 Million | 8.61% |
| Other Comprehensive Income | CN¥176.75 Million | 7.77% |
| Other Components | CN¥1.10 Billion | 48.13% |
| Total Equity | CN¥2.28 Billion | 100.00% |
Shandong Gold Phoenix Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Gold Phoenix Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CanSino Biologics Inc
F:CJH
|
$477.73 Million |
|
Xinjiang Baihuacun Co Ltd
SHG:600721
|
$477.74 Million |
|
Wirtualna Polska Holding SA
WAR:WPL
|
$477.74 Million |
|
Oron Group Investments & Holdings Ltd
TA:ORON
|
$477.85 Million |
|
Banco de Valores SA
BA:VALO
|
$477.40 Million |
|
Lionco Pharm Grp Co Ltd
SHG:603669
|
$477.05 Million |
|
Paisalo Digital Limited
NSE:PAISALO
|
$476.76 Million |
|
Westrock Coffee Company
NASDAQ:WEST
|
$476.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Gold Phoenix Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,257,366,951 to 2,276,049,014, a change of 18,682,063 (0.8%).
- Net income of 92,170,149 contributed positively to equity growth.
- Dividend payments of 91,041,362 reduced retained earnings.
- Other comprehensive income increased equity by 128,817,229.
- Other factors decreased equity by 111,263,953.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥92.17 Million | +4.05% |
| Dividends Paid | CN¥91.04 Million | -4.0% |
| Other Comprehensive Income | CN¥128.82 Million | +5.66% |
| Other Changes | CN¥-111.26 Million | -4.89% |
| Total Change | CN¥- | 0.83% |
Book Value vs Market Value Analysis
This analysis compares Shandong Gold Phoenix Co Ltd'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: 1.43x
- 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 6.08x to 1.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥2.74 | CN¥16.65 | x |
| 2013-12-31 | CN¥4.07 | CN¥16.65 | x |
| 2014-12-31 | CN¥4.44 | CN¥16.65 | x |
| 2015-12-31 | CN¥5.29 | CN¥16.65 | x |
| 2016-12-31 | CN¥6.31 | CN¥16.65 | x |
| 2017-12-31 | CN¥7.09 | CN¥16.65 | x |
| 2018-12-31 | CN¥9.94 | CN¥16.65 | x |
| 2019-12-31 | CN¥10.76 | CN¥16.65 | x |
| 2020-12-31 | CN¥10.90 | CN¥16.65 | x |
| 2021-12-31 | CN¥10.27 | CN¥16.65 | x |
| 2022-12-31 | CN¥11.14 | CN¥16.65 | x |
| 2023-12-31 | CN¥11.52 | CN¥16.65 | x |
| 2024-12-31 | CN¥11.61 | CN¥16.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Gold Phoenix Co Ltd 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): 4.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.30%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.20x
- Recent ROE (4.05%) is below the historical average (11.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 27.04% | 12.55% | 0.65x | 3.32x | CN¥67.35 Million |
| 2013 | 22.58% | 14.09% | 0.57x | 2.82x | CN¥75.68 Million |
| 2014 | 20.28% | 13.41% | 0.59x | 2.56x | CN¥71.94 Million |
| 2015 | 19.46% | 14.39% | 0.65x | 2.07x | CN¥78.46 Million |
| 2016 | 20.93% | 16.05% | 0.72x | 1.81x | CN¥108.21 Million |
| 2017 | 8.22% | 11.59% | 0.53x | 1.33x | CN¥-37.66 Million |
| 2018 | 4.13% | 6.31% | 0.49x | 1.34x | CN¥-125.81 Million |
| 2019 | 9.29% | 12.52% | 0.58x | 1.28x | CN¥-15.45 Million |
| 2020 | 7.52% | 12.68% | 0.49x | 1.20x | CN¥-53.75 Million |
| 2021 | -2.53% | -3.64% | 0.51x | 1.37x | CN¥-251.03 Million |
| 2022 | 8.70% | 10.57% | 0.64x | 1.28x | CN¥-28.76 Million |
| 2023 | 5.90% | 8.31% | 0.61x | 1.17x | CN¥-92.53 Million |
| 2024 | 4.05% | 5.30% | 0.64x | 1.20x | CN¥-135.43 Million |
Industry Comparison
This section compares Shandong Gold Phoenix Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,881,043,646
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Gold Phoenix Co Ltd (603586) | CN¥2.32 Billion | 27.04% | 0.16x | $477.67 Million |
| FAWER Automotive Parts Ltd Co (000030) | $149.16 Million | 41.73% | 4.63x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.78 Billion | 7.81% | 0.91x | $8.06 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $2.30 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $36.86 Million | 0.00% | 2.57x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $718.30 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $214.90 Million | 5.52% | 0.47x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $319.83 Million | -26.00% | 1.36x | $793.62 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.66 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $498.43 Million | 3.21% | 1.20x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $515.59 Million | 31.51% | 1.08x | $3.42 Billion |
About Shandong Gold Phoenix Co Ltd
Shandong Gold Phoenix Co.,Ltd engages in the research, development, production, and sale of friction materials and brake products in China and internationally. The company offers brake pads, discs, and shoes for passenger and commercial vehicles, as well as brake products for line hanging and washing machines. It exports its products to approximately 70 countries. The company was founded in 1999 … Read more