Shanghai M&G Stationery Inc (603899) - Net Assets
Based on the latest financial reports, Shanghai M&G Stationery Inc (603899) has net assets worth CN¥9.49 Billion CNY (≈ $1.39 Billion 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¥16.62 Billion ≈ $2.43 Billion USD) and total liabilities (CN¥7.13 Billion ≈ $1.04 Billion 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 financial resilience of Shanghai M&G Stationery Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.49 Billion |
| % of Total Assets | 57.1% |
| Annual Growth Rate | 25.27% |
| 5-Year Change | 73.42% |
| 10-Year Change | 322.66% |
| Growth Volatility | 16.61 |
Shanghai M&G Stationery Inc - Net Assets Trend (2011–2024)
This chart illustrates how Shanghai M&G Stationery Inc's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Shanghai M&G Stationery Inc for the complete picture of this company's asset base.
Annual Net Assets for Shanghai M&G Stationery Inc (2011–2024)
The table below shows the annual net assets of Shanghai M&G Stationery Inc from 2011 to 2024. For live valuation and market cap data, see 603899 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.44 Billion ≈ $1.38 Billion |
+12.99% |
| 2023-12-31 | CN¥8.35 Billion ≈ $1.22 Billion |
+15.15% |
| 2022-12-31 | CN¥7.25 Billion ≈ $1.06 Billion |
+11.17% |
| 2021-12-31 | CN¥6.52 Billion ≈ $954.56 Million |
+19.89% |
| 2020-12-31 | CN¥5.44 Billion ≈ $796.19 Million |
+21.97% |
| 2019-12-31 | CN¥4.46 Billion ≈ $652.77 Million |
+27.58% |
| 2018-12-31 | CN¥3.50 Billion ≈ $511.67 Million |
+20.00% |
| 2017-12-31 | CN¥2.91 Billion ≈ $426.40 Million |
+15.78% |
| 2016-12-31 | CN¥2.52 Billion ≈ $368.28 Million |
+12.74% |
| 2015-12-31 | CN¥2.23 Billion ≈ $326.68 Million |
+74.88% |
| 2014-12-31 | CN¥1.28 Billion ≈ $186.80 Million |
+36.95% |
| 2013-12-31 | CN¥932.13 Million ≈ $136.40 Million |
+35.59% |
| 2012-12-31 | CN¥687.45 Million ≈ $100.60 Million |
+36.41% |
| 2011-12-31 | CN¥503.98 Million ≈ $73.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai M&G Stationery Inc'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 5111.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.94 Billion | 77.94% |
| Common Stock | CN¥923.83 Million | 10.37% |
| Other Comprehensive Income | CN¥-11.42 Million | -0.13% |
| Other Components | CN¥1.05 Billion | 11.82% |
| Total Equity | CN¥8.91 Billion | 100.00% |
Shanghai M&G Stationery Inc Competitors by Market Cap
The table below lists competitors of Shanghai M&G Stationery Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tasly Pharmaceutical Group Co Ltd
SHG:600535
|
$3.31 Billion |
|
Bread Financial Holdings, Inc.
NYSE:BFH
|
$3.31 Billion |
|
TELEPERFORMANCE SE ADR
F:RCF0
|
$3.31 Billion |
|
Denison Mines Corp
TO:DML
|
$3.31 Billion |
|
International Game Technology PLC
NYSE:IGT
|
$3.31 Billion |
|
PVH Corp
NYSE:PVH
|
$3.31 Billion |
|
Steadfast Group Ltd
AU:SDF
|
$3.30 Billion |
|
Berner Kantonalbank AG
SW:BEKN
|
$3.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai M&G Stationery Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,833,178,803 to 8,909,859,173, a change of 1,076,680,370 (13.7%).
- Net income of 1,395,844,396 contributed positively to equity growth.
- Dividend payments of 747,055,832 reduced retained earnings.
- Share repurchases of 164,262,456 reduced equity.
- Other comprehensive income decreased equity by 268,485,730.
- Other factors increased equity by 860,639,992.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.40 Billion | +15.67% |
| Dividends Paid | CN¥747.06 Million | -8.38% |
| Share Repurchases | CN¥164.26 Million | -1.84% |
| Other Comprehensive Income | CN¥-268.49 Million | -3.01% |
| Other Changes | CN¥860.64 Million | +9.66% |
| Total Change | CN¥- | 13.75% |
Book Value vs Market Value Analysis
This analysis compares Shanghai M&G Stationery Inc'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: 2.54x
- 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 38.96x to 2.54x 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¥0.63 | CN¥24.54 | x |
| 2012-12-31 | CN¥0.86 | CN¥24.54 | x |
| 2013-12-31 | CN¥1.12 | CN¥24.54 | x |
| 2014-12-31 | CN¥1.55 | CN¥24.54 | x |
| 2015-12-31 | CN¥2.37 | CN¥24.54 | x |
| 2016-12-31 | CN¥2.64 | CN¥24.54 | x |
| 2017-12-31 | CN¥3.08 | CN¥24.54 | x |
| 2018-12-31 | CN¥3.71 | CN¥24.54 | x |
| 2019-12-31 | CN¥4.57 | CN¥24.54 | x |
| 2020-12-31 | CN¥5.61 | CN¥24.54 | x |
| 2021-12-31 | CN¥6.70 | CN¥24.54 | x |
| 2022-12-31 | CN¥7.41 | CN¥24.54 | x |
| 2023-12-31 | CN¥8.50 | CN¥24.54 | x |
| 2024-12-31 | CN¥9.68 | CN¥24.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai M&G Stationery Inc 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): 15.67%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.76%
- • Asset Turnover: 1.46x
- • Equity Multiplier: 1.86x
- Recent ROE (15.67%) is below the historical average (23.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 25.58% | 8.91% | 1.88x | 1.53x | CN¥78.54 Million |
| 2012 | 32.80% | 11.87% | 2.01x | 1.38x | CN¥156.73 Million |
| 2013 | 31.26% | 11.88% | 1.82x | 1.45x | CN¥190.65 Million |
| 2014 | 27.46% | 11.16% | 1.74x | 1.42x | CN¥215.92 Million |
| 2015 | 19.50% | 11.27% | 1.29x | 1.34x | CN¥205.95 Million |
| 2016 | 20.29% | 10.57% | 1.36x | 1.41x | CN¥249.93 Million |
| 2017 | 22.37% | 9.97% | 1.45x | 1.55x | CN¥350.64 Million |
| 2018 | 23.66% | 9.45% | 1.50x | 1.66x | CN¥465.77 Million |
| 2019 | 25.23% | 9.52% | 1.47x | 1.80x | CN¥639.93 Million |
| 2020 | 24.17% | 9.56% | 1.35x | 1.87x | CN¥736.07 Million |
| 2021 | 24.50% | 8.62% | 1.54x | 1.84x | CN¥898.38 Million |
| 2022 | 18.72% | 6.41% | 1.54x | 1.90x | CN¥597.52 Million |
| 2023 | 19.49% | 6.54% | 1.52x | 1.96x | CN¥743.48 Million |
| 2024 | 15.67% | 5.76% | 1.46x | 1.86x | CN¥504.86 Million |
Industry Comparison
This section compares Shanghai M&G Stationery Inc's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $1,419,702,516
- Average return on equity (ROE) among peers: 9.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai M&G Stationery Inc (603899) | CN¥9.49 Billion | 25.58% | 0.75x | $3.31 Billion |
| Shaanxi Fenghuo Electronics Co Ltd (000561) | $175.63 Million | 33.09% | 2.43x | $1.20 Billion |
| Guangbo Group Stock Co Ltd (002103) | $723.86 Million | 8.31% | 0.76x | $624.67 Million |
| Hengbao Co Ltd (002104) | $53.55 Million | 5.20% | 2.35x | $1.47 Billion |
| GRG Banking Equipment Co Ltd (002152) | $4.33 Billion | 18.66% | 0.54x | $4.24 Billion |
| Guangzhou KingTeller Technology Co Ltd (002177) | $391.70 Million | 15.26% | 0.60x | $832.06 Million |
| Shenzhen Comix Group Co Ltd (002301) | $962.21 Million | 7.48% | 0.19x | $728.30 Million |
| Shandong New Beiyang Information Technology Co Ltd (002376) | $2.88 Billion | 9.94% | 0.41x | $872.98 Million |
| Suzhou Goldengreen Technologies Ltd (002808) | $365.02 Million | -6.00% | 0.34x | $111.31 Million |
| Xgd Inc (300130) | $2.82 Billion | 1.59% | 0.37x | $1.84 Billion |
| Wuhan Tianyu Info Industry (300205) | $1.50 Billion | 5.77% | 1.19x | $384.51 Million |
About Shanghai M&G Stationery Inc
Shanghai M&G Stationery Inc. provides writing tools, student and office stationery, and other related products in China and internationally. The company offers student stationery comprising erasers; pencil sharpener; sliding eraser pen; aluminum alloy and colored soft ruler; aluminum alloy and plastic ruler set; geometry set squares; sharpeners; and metal and aluminum alloy compass set. It also p… Read more