Shandong Fiberglass Group Co Ltd (605006) - Net Assets
Based on the latest financial reports, Shandong Fiberglass Group Co Ltd (605006) has net assets worth CN¥2.51 Billion CNY (≈ $367.14 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¥7.66 Billion ≈ $1.12 Billion USD) and total liabilities (CN¥5.15 Billion ≈ $753.93 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 Fiberglass Group Co Ltd (605006) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.51 Billion |
| % of Total Assets | 32.75% |
| Annual Growth Rate | 16.35% |
| 5-Year Change | 47.52% |
| 10-Year Change | 185.37% |
| Growth Volatility | 17.34 |
Shandong Fiberglass Group Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Shandong Fiberglass Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shandong Fiberglass Group Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Shandong Fiberglass Group Co Ltd (2013–2024)
The table below shows the annual net assets of Shandong Fiberglass Group Co Ltd from 2013 to 2024. For live valuation and market cap data, see 605006 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.63 Billion ≈ $384.55 Million |
-5.75% |
| 2023-12-31 | CN¥2.79 Billion ≈ $408.00 Million |
-1.80% |
| 2022-12-31 | CN¥2.84 Billion ≈ $415.46 Million |
+20.40% |
| 2021-12-31 | CN¥2.36 Billion ≈ $345.07 Million |
+32.37% |
| 2020-12-31 | CN¥1.78 Billion ≈ $260.68 Million |
+31.22% |
| 2019-12-31 | CN¥1.36 Billion ≈ $198.65 Million |
+12.08% |
| 2018-12-31 | CN¥1.21 Billion ≈ $177.25 Million |
+16.19% |
| 2017-12-31 | CN¥1.04 Billion ≈ $152.55 Million |
+6.26% |
| 2016-12-31 | CN¥981.04 Million ≈ $143.56 Million |
+6.53% |
| 2015-12-31 | CN¥920.89 Million ≈ $134.76 Million |
+58.70% |
| 2014-12-31 | CN¥580.28 Million ≈ $84.91 Million |
+16.80% |
| 2013-12-31 | CN¥496.83 Million ≈ $72.70 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Fiberglass Group 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 4654.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.22 Billion | 46.49% |
| Common Stock | CN¥610.96 Million | 23.25% |
| Other Comprehensive Income | CN¥62.07 Million | 2.36% |
| Other Components | CN¥733.06 Million | 27.89% |
| Total Equity | CN¥2.63 Billion | 100.00% |
Shandong Fiberglass Group Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Fiberglass Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Yuchai International Limited
F:CYD
|
$1.31 Billion |
|
Jinan Acetate Chemical Co Ltd
TW:4763
|
$1.31 Billion |
|
Woori Technology Inc
KQ:032820
|
$1.31 Billion |
|
Cinda Real Estate Co Ltd
SHG:600657
|
$1.31 Billion |
|
Luolai Home Textile Co Ltd
SHE:002293
|
$1.31 Billion |
|
Ladder Capital Corp Class A
NYSE:LADR
|
$1.31 Billion |
|
Jiangsu Changhai Compos Material
SHE:300196
|
$1.31 Billion |
|
Guizhou Zhenhua E chem Inc
SHG:688707
|
$1.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Fiberglass Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,788,180,967 to 2,627,960,312, a change of -160,220,655 (-5.7%).
- Net loss of 98,930,538 reduced equity.
- Dividend payments of 66,549,573 reduced retained earnings.
- Share repurchases of 47,440,360 reduced equity.
- Other comprehensive income decreased equity by 44,088,082.
- Other factors increased equity by 96,787,898.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-98.93 Million | -3.76% |
| Dividends Paid | CN¥66.55 Million | -2.53% |
| Share Repurchases | CN¥47.44 Million | -1.81% |
| Other Comprehensive Income | CN¥-44.09 Million | -1.68% |
| Other Changes | CN¥96.79 Million | +3.68% |
| Total Change | CN¥- | -5.75% |
Book Value vs Market Value Analysis
This analysis compares Shandong Fiberglass Group 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: 3.40x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 10.55x to 3.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.41 | CN¥14.87 | x |
| 2014-12-31 | CN¥1.62 | CN¥14.87 | x |
| 2015-12-31 | CN¥2.44 | CN¥14.87 | x |
| 2016-12-31 | CN¥2.07 | CN¥14.87 | x |
| 2017-12-31 | CN¥2.15 | CN¥14.87 | x |
| 2018-12-31 | CN¥2.51 | CN¥14.87 | x |
| 2019-12-31 | CN¥2.26 | CN¥14.87 | x |
| 2020-12-31 | CN¥2.97 | CN¥14.87 | x |
| 2021-12-31 | CN¥3.93 | CN¥14.87 | x |
| 2022-12-31 | CN¥4.73 | CN¥14.87 | x |
| 2023-12-31 | CN¥4.50 | CN¥14.87 | x |
| 2024-12-31 | CN¥4.38 | CN¥14.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Fiberglass Group 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): -3.76%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.93%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.72x
- Recent ROE (-3.76%) is below the historical average (11.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 8.87% | 4.58% | 0.47x | 4.11x | CN¥-5.62 Million |
| 2014 | 14.38% | 8.12% | 0.43x | 4.09x | CN¥25.42 Million |
| 2015 | 10.92% | 8.97% | 0.41x | 2.96x | CN¥8.43 Million |
| 2016 | 14.10% | 10.38% | 0.44x | 3.06x | CN¥40.18 Million |
| 2017 | 11.65% | 7.11% | 0.54x | 3.05x | CN¥17.18 Million |
| 2018 | 13.94% | 9.36% | 0.48x | 3.12x | CN¥47.69 Million |
| 2019 | 10.78% | 8.08% | 0.44x | 3.01x | CN¥10.53 Million |
| 2020 | 9.68% | 8.64% | 0.44x | 2.55x | CN¥-5.77 Million |
| 2021 | 23.16% | 19.87% | 0.54x | 2.15x | CN¥310.21 Million |
| 2022 | 18.87% | 19.26% | 0.55x | 1.78x | CN¥251.87 Million |
| 2023 | 3.78% | 4.78% | 0.33x | 2.38x | CN¥-173.48 Million |
| 2024 | -3.76% | -4.93% | 0.28x | 2.72x | CN¥-361.73 Million |
Industry Comparison
This section compares Shandong Fiberglass Group Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $2,441,338,212
- Average return on equity (ROE) among peers: 7.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Fiberglass Group Co Ltd (605006) | CN¥2.51 Billion | 8.87% | 2.05x | $1.31 Billion |
| Shenzhen Textile Holdings Co Ltd (000045) | $3.46 Billion | -0.66% | 0.34x | $820.58 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $6.17 Billion | 2.12% | 1.69x | $4.19 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $1.07 Billion | 0.77% | 0.84x | $1.98 Billion |
| Lu Thai Textile Co Ltd (000726) | $161.07 Million | 16.98% | 1.99x | $570.96 Million |
| Anhui Huamao Textile Co Ltd (000850) | $5.43 Billion | 1.49% | 0.58x | $621.40 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $1.62 Billion | 16.10% | 1.25x | $1.86 Billion |
| Xinlong Holding Group Co Ltd (000955) | $231.52 Million | 1.10% | 1.77x | $412.04 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $4.24 Billion | 11.31% | 1.60x | $1.29 Billion |
| Sunvim Group Co Ltd (002083) | $311.49 Million | 21.16% | 2.91x | $1.53 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.72 Billion | 6.83% | 0.27x | $368.33 Million |
About Shandong Fiberglass Group Co Ltd
Shandong Fiberglass Group Co., Ltd engages in the research and development, production, and sale of glass fiber and related products in China and internationally. The company operates in two segments, Glass Fiber Business and Thermoelectric Business. It provides fiberglass direct roving, fiberglass yarn, fiberglass roving, wet-laid tissue, chopped strands, direct roving, fiberglass wet-laid mat, … Read more