Friend Co Ltd
Friend Co.,Ltd., together with its subsidiaries, provides steel logistics supply chain services for medium and high-end automobile, home appliance, and other related enterprises in China and internationally. The company offers procurement, processing, warehousing, cutting, packaging, transportation, and distribution services, as well as corresponding technical support services. It also provides g… Read more
Friend Co Ltd (605050) - Net Assets
Latest net assets as of June 2025: CN¥4.46 Billion CNY
Based on the latest financial reports, Friend Co Ltd (605050) has net assets worth CN¥4.46 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.59 Billion) and total liabilities (CN¥4.13 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.46 Billion |
| % of Total Assets | 51.88% |
| Annual Growth Rate | 24.71% |
| 5-Year Change | 49.71% |
| 10-Year Change | N/A |
| Growth Volatility | 21.18 |
Friend Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Friend Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Friend Co Ltd (2016–2024)
The table below shows the annual net assets of Friend Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.48 Billion | +2.90% |
| 2023-12-31 | CN¥4.35 Billion | +7.43% |
| 2022-12-31 | CN¥4.05 Billion | +24.77% |
| 2021-12-31 | CN¥3.25 Billion | +8.54% |
| 2020-12-31 | CN¥2.99 Billion | +56.89% |
| 2019-12-31 | CN¥1.91 Billion | +20.88% |
| 2018-12-31 | CN¥1.58 Billion | +25.84% |
| 2017-12-31 | CN¥1.25 Billion | +63.76% |
| 2016-12-31 | CN¥765.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Friend 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 332.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.64 Billion | 37.93% |
| Other Components | CN¥2.68 Billion | 62.07% |
| Total Equity | CN¥4.32 Billion | 100.00% |
Friend Co Ltd Competitors by Market Cap
The table below lists competitors of Friend Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Jin Hong Shun Auto Parts Co Ltd Class A
SHG:603922
|
$271.96 Million |
|
Formycon AG
XETRA:FYB
|
$271.98 Million |
|
Almonty Industries Inc
OTCQX:ALMTF
|
$272.11 Million |
|
CoAsia Microelectronics
TWO:8096
|
$272.11 Million |
|
Tianjin Tianyao Pharmaceuticals Co Ltd
SHG:600488
|
$271.83 Million |
|
Guangdong Chant Group Inc
SHE:002616
|
$271.83 Million |
|
Yatharth Hospital & Trauma Care Services Limited
NSE:YATHARTH
|
$271.79 Million |
|
ZJMI Environmental Energy Co. Ltd.
SHG:603071
|
$271.78 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Friend Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,210,469,452 to 4,315,260,701, a change of 104,791,249 (2.5%).
- Net income of 316,707,797 contributed positively to equity growth.
- Dividend payments of 218,104,388 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥316.71 Million | +7.34% |
| Dividends Paid | CN¥218.10 Million | -5.05% |
| Other Changes | CN¥6.19 Million | +0.14% |
| Total Change | CN¥- | 2.49% |
Book Value vs Market Value Analysis
This analysis compares Friend 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: 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 5.94x 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 |
|---|---|---|---|
| 2016-12-31 | CN¥2.13 | CN¥12.65 | x |
| 2017-12-31 | CN¥3.49 | CN¥12.65 | x |
| 2018-12-31 | CN¥4.30 | CN¥12.65 | x |
| 2019-12-31 | CN¥5.10 | CN¥12.65 | x |
| 2020-12-31 | CN¥7.65 | CN¥12.65 | x |
| 2021-12-31 | CN¥7.24 | CN¥12.65 | x |
| 2022-12-31 | CN¥9.05 | CN¥12.65 | x |
| 2023-12-31 | CN¥8.54 | CN¥12.65 | x |
| 2024-12-31 | CN¥8.76 | CN¥12.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Friend 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): 7.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.81%
- • Asset Turnover: 1.30x
- • Equity Multiplier: 2.02x
- Recent ROE (7.34%) is below the historical average (14.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 23.56% | 3.83% | 1.73x | 3.55x | CN¥103.50 Million |
| 2017 | 22.94% | 5.52% | 1.95x | 2.13x | CN¥161.77 Million |
| 2018 | 19.07% | 5.25% | 1.84x | 1.98x | CN¥140.09 Million |
| 2019 | 15.31% | 5.09% | 1.44x | 2.09x | CN¥96.78 Million |
| 2020 | 10.58% | 4.59% | 1.23x | 1.88x | CN¥16.88 Million |
| 2021 | 10.76% | 3.40% | 1.53x | 2.07x | CN¥23.87 Million |
| 2022 | 7.75% | 2.95% | 1.50x | 1.75x | CN¥-88.68 Million |
| 2023 | 9.91% | 4.28% | 1.41x | 1.65x | CN¥-3.71 Million |
| 2024 | 7.34% | 2.81% | 1.30x | 2.02x | CN¥-114.82 Million |
Industry Comparison
This section compares Friend Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $13,874,696,979
- Average return on equity (ROE) among peers: 20.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Friend Co Ltd (605050) | CN¥4.46 Billion | 23.56% | 0.93x | $271.87 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $4.40 Billion | 81.30% | 0.74x | $1.84 Billion |
| HBIS Co Ltd (000709) | $7.63 Billion | 11.59% | 1.03x | $1.27 Billion |
| Sgis Songshan Co Ltd (000717) | $8.00 Billion | 22.80% | 1.15x | $443.11 Million |
| Bengang Steel Plates Co Ltd (000761) | $20.01 Billion | 2.78% | 2.03x | $452.44 Million |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $2.18 Billion | 17.60% | 0.97x | $1.51 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $27.34 Billion | 16.91% | 1.72x | $1.33 Billion |
| Jiangsu Fasten Co Ltd (000890) | $1.18 Billion | 1.14% | 1.80x | $283.59 Million |
| Angang Steel Co Ltd Class A (000898) | $60.19 Billion | 11.57% | 0.62x | $1.19 Billion |
| Hunan Valin Steel Co Ltd (000932) | $1.39 Billion | 22.60% | 1.61x | $1.17 Billion |
| Beijing Shougang Co Ltd (000959) | $6.43 Billion | 16.93% | 1.18x | $911.24 Million |