Shanghai Yongguan Adhesive Products Corp Ltd (603681) - Net Assets
Based on the latest financial reports, Shanghai Yongguan Adhesive Products Corp Ltd (603681) has net assets worth CN¥2.65 Billion CNY (≈ $388.19 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¥7.00 Billion ≈ $1.02 Billion USD) and total liabilities (CN¥4.35 Billion ≈ $635.96 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 Shanghai Yongguan Adhesive Products Corp (603681) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.65 Billion |
| % of Total Assets | 37.9% |
| Annual Growth Rate | 25.76% |
| 5-Year Change | 64.96% |
| 10-Year Change | 529.06% |
| Growth Volatility | 21.12 |
Shanghai Yongguan Adhesive Products Corp Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Shanghai Yongguan Adhesive Products Corp Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Yongguan Adhesive Products Corp total assets for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Yongguan Adhesive Products Corp Ltd (2012–2024)
The table below shows the annual net assets of Shanghai Yongguan Adhesive Products Corp Ltd from 2012 to 2024. For live valuation and market cap data, see Shanghai Yongguan Adhesive Products Corp (603681) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.57 Billion ≈ $375.81 Million |
+2.15% |
| 2023-12-31 | CN¥2.51 Billion ≈ $367.91 Million |
+1.17% |
| 2022-12-31 | CN¥2.49 Billion ≈ $363.65 Million |
+11.12% |
| 2021-12-31 | CN¥2.24 Billion ≈ $327.24 Million |
+43.64% |
| 2020-12-31 | CN¥1.56 Billion ≈ $227.82 Million |
+14.04% |
| 2019-12-31 | CN¥1.37 Billion ≈ $199.76 Million |
+52.21% |
| 2018-12-31 | CN¥896.88 Million ≈ $131.24 Million |
+17.16% |
| 2017-12-31 | CN¥765.51 Million ≈ $112.02 Million |
+11.91% |
| 2016-12-31 | CN¥684.02 Million ≈ $100.09 Million |
+67.55% |
| 2015-12-31 | CN¥408.26 Million ≈ $59.74 Million |
+19.25% |
| 2014-12-31 | CN¥342.37 Million ≈ $50.10 Million |
+37.90% |
| 2013-12-31 | CN¥248.27 Million ≈ $36.33 Million |
+51.27% |
| 2012-12-31 | CN¥164.12 Million ≈ $24.02 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Yongguan Adhesive Products Corp 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 1128.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.17 Billion | 45.42% |
| Common Stock | CN¥191.13 Million | 7.44% |
| Other Components | CN¥1.21 Billion | 47.14% |
| Total Equity | CN¥2.57 Billion | 100.00% |
Shanghai Yongguan Adhesive Products Corp Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Yongguan Adhesive Products Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jereissati Participações S.A.
SA:IGTI3
|
$514.34 Million |
|
GHCL Limited
NSE:GHCL
|
$514.42 Million |
|
Shandong Tongda Island New Materials Co Ltd
SHE:300321
|
$514.44 Million |
|
Jiangsu Rutong Petro-Machinery
SHG:603036
|
$514.58 Million |
|
Changchun Gas Co Ltd
SHG:600333
|
$514.22 Million |
|
United States Cellular Corporation
NYSE:USM
|
$514.05 Million |
|
Vaalco Energy Inc
NYSE:EGY
|
$513.99 Million |
|
FuJian YanJing HuiQuan Brewery Co Ltd
SHG:600573
|
$513.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Yongguan Adhesive Products Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,514,207,143 to 2,568,183,552, a change of 53,976,409 (2.1%).
- Net income of 163,286,339 contributed positively to equity growth.
- Dividend payments of 77,526,103 reduced retained earnings.
- Share repurchases of 112,949,865 reduced equity.
- Other factors increased equity by 81,166,038.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥163.29 Million | +6.36% |
| Dividends Paid | CN¥77.53 Million | -3.02% |
| Share Repurchases | CN¥112.95 Million | -4.4% |
| Other Changes | CN¥81.17 Million | +3.16% |
| Total Change | CN¥- | 2.15% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Yongguan Adhesive Products Corp 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: 1.44x
- 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 6.34x to 1.44x 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¥2.90 | CN¥18.39 | x |
| 2013-12-31 | CN¥4.39 | CN¥18.39 | x |
| 2014-12-31 | CN¥3.29 | CN¥18.39 | x |
| 2015-12-31 | CN¥3.91 | CN¥18.39 | x |
| 2016-12-31 | CN¥6.28 | CN¥18.39 | x |
| 2017-12-31 | CN¥6.10 | CN¥18.39 | x |
| 2018-12-31 | CN¥7.17 | CN¥18.39 | x |
| 2019-12-31 | CN¥8.19 | CN¥18.39 | x |
| 2020-12-31 | CN¥9.35 | CN¥18.39 | x |
| 2021-12-31 | CN¥11.82 | CN¥18.39 | x |
| 2022-12-31 | CN¥12.59 | CN¥18.39 | x |
| 2023-12-31 | CN¥13.07 | CN¥18.39 | x |
| 2024-12-31 | CN¥12.74 | CN¥18.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Yongguan Adhesive Products Corp 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): 6.36%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.63%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 2.58x
- Recent ROE (6.36%) is below the historical average (12.40%), 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 | 21.61% | 7.38% | 1.57x | 1.86x | CN¥19.05 Million |
| 2013 | 20.20% | 8.67% | 1.32x | 1.76x | CN¥25.32 Million |
| 2014 | 12.78% | 6.68% | 1.35x | 1.42x | CN¥9.52 Million |
| 2015 | 16.13% | 9.41% | 1.17x | 1.47x | CN¥25.02 Million |
| 2016 | 14.01% | 9.65% | 1.03x | 1.40x | CN¥27.42 Million |
| 2017 | 10.65% | 5.78% | 1.25x | 1.47x | CN¥4.99 Million |
| 2018 | 14.65% | 7.72% | 1.29x | 1.47x | CN¥41.69 Million |
| 2019 | 10.86% | 6.92% | 1.15x | 1.36x | CN¥11.76 Million |
| 2020 | 11.27% | 7.27% | 0.71x | 2.18x | CN¥19.81 Million |
| 2021 | 10.15% | 5.87% | 0.82x | 2.12x | CN¥3.38 Million |
| 2022 | 9.21% | 4.53% | 0.78x | 2.61x | CN¥-19.44 Million |
| 2023 | 3.29% | 1.52% | 0.84x | 2.58x | CN¥-168.70 Million |
| 2024 | 6.36% | 2.63% | 0.94x | 2.58x | CN¥-93.53 Million |
Industry Comparison
This section compares Shanghai Yongguan Adhesive Products Corp Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $757,076,135
- Average return on equity (ROE) among peers: 17.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Yongguan Adhesive Products Corp Ltd (603681) | CN¥2.65 Billion | 21.61% | 1.64x | $514.34 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $132.89 Million | 13.77% | 0.98x | $508.22 Million |
| Hengyi Petrochemical Co Ltd (000703) | $187.55 Million | -10.77% | 0.62x | $9.61 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.24 Billion | 2.83% | 1.13x | $754.52 Million |
| Luxi Chemical Group Co Ltd (000830) | $2.59 Billion | 8.19% | 3.36x | $4.71 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $92.67 Million | 58.60% | 2.88x | $8.64 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $158.61 Million | 29.32% | 1.96x | $1.21 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $98.99 Million | 29.63% | 2.11x | $1.62 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.77 Billion | 9.55% | 0.33x | $583.32 Million |
| Zhejiang Transfar Co Ltd (002010) | $516.04 Million | 15.39% | 0.20x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $790.80 Million | 14.23% | 1.34x | $604.70 Million |
About Shanghai Yongguan Adhesive Products Corp Ltd
Shanghai Yongguan Adhesive Products Corp., Ltd. researches, develops, produces, and sells adhesive products in China and internationally. It also offers cloth duct, masking, BOPP, PVC, double sided, wire harness, aluminum foil, kraft paper, anti-slip, fiberglass and fiberglass mesh, warning, all weather, butyl, cellophane, stationery tapes; and pre-taped masking, tape lint roller, and adhesive ta… Read more