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¥3.02 Billion CNY (≈ $441.56 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.16 Billion ≈ $1.05 Billion USD) and total liabilities (CN¥4.14 Billion ≈ $606.10 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. Also explore Shanghai Yongguan Adhesive Products Corp balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.02 Billion |
| % of Total Assets | 42.15% |
| Annual Growth Rate | 23.81% |
| 5-Year Change | 17.82% |
| 10-Year Change | 285.2% |
| Growth Volatility | 21.34 |
Shanghai Yongguan Adhesive Products Corp Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Shanghai Yongguan Adhesive Products Corp Ltd's net assets have evolved over time, based on quarterly financial data. Check 603681 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Shanghai Yongguan Adhesive Products Corp Ltd (2012–2025)
The table below shows the annual net assets of Shanghai Yongguan Adhesive Products Corp Ltd from 2012 to 2025. For live valuation and market cap data, see 603681 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.63 Billion ≈ $385.56 Million |
+2.60% |
| 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 |
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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 1222.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.26 Billion | 47.74% |
| Other Components | CN¥1.38 Billion | 52.26% |
| Total Equity | CN¥2.63 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 |
|---|---|
|
Shenzhen Expressway Company Limited
F:SHZH
|
$633.58 Million |
|
First Community Bancshares Inc
NASDAQ:FCBC
|
$633.70 Million |
|
Northern Data AG
XETRA:NB2
|
$633.82 Million |
|
The Star Entertainment Group Ltd
AU:SGR
|
$633.90 Million |
|
Kindom Construction Corp
TW:2520
|
$633.45 Million |
|
Hangzhou AGS MedTech Co. Ltd. A
SHG:688581
|
$633.42 Million |
|
Total Energy Services Inc.
TO:TOT
|
$633.37 Million |
|
Zhejiang Wellsun Intelligent Tech
SHE:300882
|
$633.23 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 2024 to 2025, total equity changed from 2,568,183,552 to 2,630,978,936, a change of 62,795,384 (2.4%).
- Net income of 124,014,168 contributed positively to equity growth.
- Dividend payments of 77,430,027 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥124.01 Million | +4.71% |
| Dividends Paid | CN¥77.43 Million | -2.94% |
| Other Changes | CN¥16.21 Million | +0.62% |
| Total Change | CN¥- | 2.45% |
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: 1.32x
- 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 5.55x to 1.32x 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¥3.28 | CN¥18.21 | x |
| 2013-12-31 | CN¥4.39 | CN¥18.21 | x |
| 2014-12-31 | CN¥3.29 | CN¥18.21 | x |
| 2015-12-31 | CN¥3.91 | CN¥18.21 | x |
| 2016-12-31 | CN¥6.28 | CN¥18.21 | x |
| 2017-12-31 | CN¥6.10 | CN¥18.21 | x |
| 2018-12-31 | CN¥7.17 | CN¥18.21 | x |
| 2019-12-31 | CN¥8.75 | CN¥18.21 | x |
| 2020-12-31 | CN¥9.31 | CN¥18.21 | x |
| 2021-12-31 | CN¥11.82 | CN¥18.21 | x |
| 2022-12-31 | CN¥12.59 | CN¥18.21 | x |
| 2023-12-31 | CN¥13.07 | CN¥18.21 | x |
| 2024-12-31 | CN¥12.74 | CN¥18.21 | x |
| 2025-12-31 | CN¥13.77 | CN¥18.21 | 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): 4.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.85%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 2.70x
- Recent ROE (4.71%) is below the historical average (11.82%), 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 | 19.82% | 8.51% | 1.32x | 1.76x | CN¥24.39 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 |
| 2025 | 4.71% | 1.85% | 0.94x | 2.70x | CN¥-139.08 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: $3,134,350,548
- Average return on equity (ROE) among peers: 8.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Yongguan Adhesive Products Corp Ltd (603681) | CN¥3.02 Billion | 21.61% | 1.37x | $633.51 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $190.36 Million | 11.29% | 0.83x | $374.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $22.27 Billion | 8.41% | 1.68x | $9.07 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $964.66 Million | 9.99% | 1.51x | $759.54 Million |
| Luxi Chemical Group Co Ltd (000830) | $1.14 Billion | 6.96% | 1.67x | $3.58 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.74 Billion | 9.31% | 0.09x | $8.07 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $558.99 Million | 10.59% | 0.58x | $1.17 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $2.03 Billion | 2.67% | 2.54x | $1.29 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $211.24 Million | 7.97% | 2.37x | $691.99 Million |
| Zhejiang Transfar Co Ltd (002010) | $740.36 Million | 11.17% | 0.60x | $1.97 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $490.45 Million | 7.95% | 0.50x | $494.94 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