Shandong Donghong Pipe Ind Co (603856) - Net Assets
Based on the latest financial reports, Shandong Donghong Pipe Ind Co (603856) has net assets worth CN¥2.71 Billion CNY (≈ $396.54 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¥3.64 Billion ≈ $532.52 Million USD) and total liabilities (CN¥929.28 Million ≈ $135.98 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 603856 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.71 Billion |
| % of Total Assets | 74.46% |
| Annual Growth Rate | 16.4% |
| 5-Year Change | 19.99% |
| 10-Year Change | 215.96% |
| Growth Volatility | 19.22 |
Shandong Donghong Pipe Ind Co - Net Assets Trend (2012–2024)
This chart illustrates how Shandong Donghong Pipe Ind Co's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Donghong Pipe Ind Co (603856) total assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Donghong Pipe Ind Co (2012–2024)
The table below shows the annual net assets of Shandong Donghong Pipe Ind Co from 2012 to 2024. For live valuation and market cap data, see Shandong Donghong Pipe Ind Co (603856) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.35 Billion ≈ $344.15 Million |
+4.71% |
| 2023-12-31 | CN¥2.25 Billion ≈ $328.67 Million |
+5.93% |
| 2022-12-31 | CN¥2.12 Billion ≈ $310.26 Million |
+5.80% |
| 2021-12-31 | CN¥2.00 Billion ≈ $293.25 Million |
+2.24% |
| 2020-12-31 | CN¥1.96 Billion ≈ $286.82 Million |
+15.02% |
| 2019-12-31 | CN¥1.70 Billion ≈ $249.37 Million |
+9.88% |
| 2018-12-31 | CN¥1.55 Billion ≈ $226.95 Million |
+8.23% |
| 2017-12-31 | CN¥1.43 Billion ≈ $209.68 Million |
+68.77% |
| 2016-12-31 | CN¥849.05 Million ≈ $124.24 Million |
+14.07% |
| 2015-12-31 | CN¥744.34 Million ≈ $108.92 Million |
+14.19% |
| 2014-12-31 | CN¥651.85 Million ≈ $95.39 Million |
+15.52% |
| 2013-12-31 | CN¥564.28 Million ≈ $82.57 Million |
+48.48% |
| 2012-12-31 | CN¥380.04 Million ≈ $55.61 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Donghong Pipe Ind 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 704.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.27 Billion | 53.96% |
| Common Stock | CN¥256.41 Million | 10.93% |
| Other Comprehensive Income | CN¥169.66 Million | 7.23% |
| Other Components | CN¥653.89 Million | 27.88% |
| Total Equity | CN¥2.35 Billion | 100.00% |
Shandong Donghong Pipe Ind Co Competitors by Market Cap
The table below lists competitors of Shandong Donghong Pipe Ind Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bosun Tools Co Ltd
SHE:002282
|
$536.57 Million |
|
Yieh United Steel
TWO:9957
|
$536.62 Million |
|
QingCloud Technologies Corp.
SHG:688316
|
$536.68 Million |
|
Dian Swastatika Sentosa Tbk
JK:DSSA
|
$536.75 Million |
|
Strive Asset Management
NASDAQ:ASST
|
$536.54 Million |
|
SANTANDER UK 8 5/8% NON-CUM STLG PRF
LSE:SANB
|
$536.49 Million |
|
CapitaLand Malaysia Mall Trust
KLSE:5180
|
$536.49 Million |
|
Obrascon Huarte Lain SA
MC:OHLA
|
$536.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Donghong Pipe Ind Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,239,454,875 to 2,345,487,734, a change of 106,032,859 (4.7%).
- Net income of 169,238,434 contributed positively to equity growth.
- Dividend payments of 77,058,338 reduced retained earnings.
- Other comprehensive income increased equity by 169,663,081.
- Other factors decreased equity by 155,810,318.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥169.24 Million | +7.22% |
| Dividends Paid | CN¥77.06 Million | -3.29% |
| Other Comprehensive Income | CN¥169.66 Million | +7.23% |
| Other Changes | CN¥-155.81 Million | -6.64% |
| Total Change | CN¥- | 4.73% |
Book Value vs Market Value Analysis
This analysis compares Shandong Donghong Pipe Ind 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: 1.42x
- 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 6.06x to 1.42x 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¥2.14 | CN¥13.00 | x |
| 2013-12-31 | CN¥2.98 | CN¥13.00 | x |
| 2014-12-31 | CN¥3.38 | CN¥13.00 | x |
| 2015-12-31 | CN¥3.89 | CN¥13.00 | x |
| 2016-12-31 | CN¥4.34 | CN¥13.00 | x |
| 2017-12-31 | CN¥9.17 | CN¥13.00 | x |
| 2018-12-31 | CN¥6.02 | CN¥13.00 | x |
| 2019-12-31 | CN¥6.65 | CN¥13.00 | x |
| 2020-12-31 | CN¥7.64 | CN¥13.00 | x |
| 2021-12-31 | CN¥7.77 | CN¥13.00 | x |
| 2022-12-31 | CN¥8.23 | CN¥13.00 | x |
| 2023-12-31 | CN¥8.76 | CN¥13.00 | x |
| 2024-12-31 | CN¥9.15 | CN¥13.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Donghong Pipe Ind 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): 7.22%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.80%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.58x
- Recent ROE (7.22%) is below the historical average (12.68%), 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 | 26.91% | 9.59% | 1.18x | 2.39x | CN¥64.27 Million |
| 2013 | 24.74% | 11.53% | 1.07x | 2.01x | CN¥83.19 Million |
| 2014 | 13.43% | 8.18% | 0.91x | 1.81x | CN¥22.38 Million |
| 2015 | 13.45% | 8.84% | 0.94x | 1.62x | CN¥25.68 Million |
| 2016 | 11.71% | 8.69% | 0.97x | 1.39x | CN¥14.24 Million |
| 2017 | 8.51% | 8.09% | 0.87x | 1.20x | CN¥-21.39 Million |
| 2018 | 9.96% | 9.43% | 0.87x | 1.22x | CN¥-605.58K |
| 2019 | 11.82% | 10.95% | 0.88x | 1.23x | CN¥30.97 Million |
| 2020 | 16.25% | 13.31% | 0.83x | 1.46x | CN¥122.50 Million |
| 2021 | 6.64% | 6.02% | 0.64x | 1.73x | CN¥-67.37 Million |
| 2022 | 7.04% | 5.23% | 0.72x | 1.86x | CN¥-62.73 Million |
| 2023 | 7.19% | 5.63% | 0.80x | 1.59x | CN¥-62.82 Million |
| 2024 | 7.22% | 6.80% | 0.67x | 1.58x | CN¥-65.31 Million |
Industry Comparison
This section compares Shandong Donghong Pipe Ind Co's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $2,065,124,070
- Average return on equity (ROE) among peers: 8.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Donghong Pipe Ind Co (603856) | CN¥2.71 Billion | 26.91% | 0.34x | $536.56 Million |
| China Fangda Group Co Ltd (000055) | $5.20 Billion | 43.24% | 1.05x | $369.01 Million |
| Huasu Holdings Co Ltd (000509) | $371.87 Million | 19.39% | 0.47x | $560.61 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $166.80 Million | 6.28% | 0.15x | $399.61 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $10.46 Billion | 11.19% | 0.37x | $6.61 Billion |
| Yantai Moon Co Ltd (000811) | $1.54 Billion | 16.48% | 0.66x | $3.93 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $253.92 Million | -59.10% | 3.06x | $336.82 Million |
| Shandong Luyang Share Co Ltd (002088) | $1.30 Billion | 9.41% | 0.28x | $755.36 Million |
| Everjoy Health Group Co Ltd (002162) | $498.61 Million | 12.61% | 1.10x | $596.19 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $110.91 Million | 10.68% | 1.26x | $365.22 Million |
| Puyang Refractories Group Co Ltd (002225) | $748.57 Million | 14.13% | 0.63x | $776.92 Million |
About Shandong Donghong Pipe Ind Co
Shandong Donghong Pipe Industry Co., Ltd. engages in the research, development, manufacture, and servicing of pipeline systems in China. It offers SRTP piping systems, polyethylene pipes, PVC pipes, insulation pipe, and anti-corrosion metal pipes, as well as pipe connections. The company also develops and produces materials, such as plastic increase materials for polyolefin wear-resistant pipes, … Read more