Shandong Intco Recycling Resources Co Ltd
Intco Recycling Resources Co., Ltd. engages in the recycling, regeneration, and utilization of renewable plastic resources in China and internationally. It offers EPS foam compactors machines; recycled PS pellets; recycled PET products; decorative and picture frame mouldings; and picture frames and mirrors. The company was founded in 2005 and is headquartered in Zibo, China.
Shandong Intco Recycling Resources Co Ltd (688087) - Net Assets
Latest net assets as of September 2025: CN¥2.74 Billion CNY
Based on the latest financial reports, Shandong Intco Recycling Resources Co Ltd (688087) has net assets worth CN¥2.74 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.04 Billion) and total liabilities (CN¥4.30 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¥2.74 Billion |
| % of Total Assets | 38.98% |
| Annual Growth Rate | 26.49% |
| 5-Year Change | 162.13% |
| 10-Year Change | N/A |
| Growth Volatility | 27.03 |
Shandong Intco Recycling Resources Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Shandong Intco Recycling Resources 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 Shandong Intco Recycling Resources Co Ltd (2017–2024)
The table below shows the annual net assets of Shandong Intco Recycling Resources Co Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.53 Billion | +13.20% |
| 2023-12-31 | CN¥2.24 Billion | +7.76% |
| 2022-12-31 | CN¥2.08 Billion | +12.26% |
| 2021-12-31 | CN¥1.85 Billion | +91.40% |
| 2020-12-31 | CN¥966.80 Million | +37.33% |
| 2019-12-31 | CN¥704.02 Million | +21.83% |
| 2018-12-31 | CN¥577.89 Million | +18.14% |
| 2017-12-31 | CN¥489.15 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shandong Intco Recycling Resources 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 419.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.51 Billion | 59.39% |
| Common Stock | CN¥187.23 Million | 7.39% |
| Other Comprehensive Income | CN¥117.44 Million | 4.63% |
| Other Components | CN¥724.56 Million | 28.59% |
| Total Equity | CN¥2.53 Billion | 100.00% |
Shandong Intco Recycling Resources Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Intco Recycling Resources Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou New District Hi Tech Industrial Co Ltd
SHG:600736
|
$524.98 Million |
|
Hebei Jianxin Chemical Co Ltd
SHE:300107
|
$525.28 Million |
|
Zhejiang Zhongcheng Packing Material Co Ltd
SHE:002522
|
$525.36 Million |
|
Beijing Creative Distribution Automation Co Ltd
SHE:002350
|
$525.58 Million |
|
mBank S.A.
PINK:MBAKF
|
$524.85 Million |
|
Opthea Ltd
NASDAQ:OPT
|
$524.82 Million |
|
Trulieve Cannabis Corp
OTCQX:TCNNF
|
$524.69 Million |
|
Irish Residential Properties REIT Plc
PINK:RSHPF
|
$524.65 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Intco Recycling Resources Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,238,730,433 to 2,534,297,995, a change of 295,567,562 (13.2%).
- Net income of 307,319,470 contributed positively to equity growth.
- Dividend payments of 90,660,787 reduced retained earnings.
- Share repurchases of 10,966,754 reduced equity.
- Other comprehensive income increased equity by 117,442,042.
- Other factors decreased equity by 27,566,409.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥307.32 Million | +12.13% |
| Dividends Paid | CN¥90.66 Million | -3.58% |
| Share Repurchases | CN¥10.97 Million | -0.43% |
| Other Comprehensive Income | CN¥117.44 Million | +4.63% |
| Other Changes | CN¥-27.57 Million | -1.09% |
| Total Change | CN¥- | 13.20% |
Book Value vs Market Value Analysis
This analysis compares Shandong Intco Recycling Resources 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: 2.93x
- 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 10.95x to 2.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥3.63 | CN¥39.80 | x |
| 2018-12-31 | CN¥4.29 | CN¥39.80 | x |
| 2019-12-31 | CN¥7.15 | CN¥39.80 | x |
| 2020-12-31 | CN¥9.71 | CN¥39.80 | x |
| 2021-12-31 | CN¥17.86 | CN¥39.80 | x |
| 2022-12-31 | CN¥11.15 | CN¥39.80 | x |
| 2023-12-31 | CN¥12.01 | CN¥39.80 | x |
| 2024-12-31 | CN¥13.61 | CN¥39.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Intco Recycling Resources 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): 12.13%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.51%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 2.17x
- Recent ROE (12.13%) is below the historical average (13.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 13.76% | 6.62% | 1.24x | 1.67x | CN¥18.40 Million |
| 2018 | 15.15% | 7.45% | 1.04x | 1.95x | CN¥29.76 Million |
| 2019 | 13.52% | 7.48% | 1.05x | 1.71x | CN¥24.80 Million |
| 2020 | 22.47% | 12.79% | 1.27x | 1.38x | CN¥120.60 Million |
| 2021 | 12.96% | 12.05% | 0.89x | 1.20x | CN¥54.73 Million |
| 2022 | 11.11% | 11.22% | 0.70x | 1.41x | CN¥23.03 Million |
| 2023 | 8.74% | 7.97% | 0.61x | 1.79x | CN¥-28.22 Million |
| 2024 | 12.13% | 10.51% | 0.53x | 2.17x | CN¥53.89 Million |
Industry Comparison
This section compares Shandong Intco Recycling Resources Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $4,106,879,272
- Average return on equity (ROE) among peers: 14.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Intco Recycling Resources Co Ltd (688087) | CN¥2.74 Billion | 13.76% | 1.57x | $524.90 Million |
| China Tianying Inc (000035) | $220.73 Million | 7.84% | 0.98x | $1.59 Billion |
| HeiLongJiang Kingland Technology Co Ltd (000711) | $289.23 Million | 13.01% | 0.03x | $1.02 Billion |
| BECE Legend Group Co Ltd (000803) | $152.97 Million | 2.06% | 0.80x | $433.08 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $185.66 Million | 25.40% | 0.88x | $387.20 Million |
| Wangneng Environment Co Ltd (002034) | $6.50 Billion | 9.27% | 1.22x | $468.80 Million |
| Beijing Orient Landscape Co Ltd (002310) | $9.44 Billion | 13.72% | 1.54x | $2.06 Billion |
| Qiaoyin Environmental Tech Co Ltd (002973) | $668.08 Million | 13.43% | 0.54x | $279.42 Million |
| Tongxing Environmental Protection (003027) | $424.42 Million | 32.76% | 0.86x | $177.45 Million |
| Beijing Originwater Technology (300070) | $23.11 Billion | 5.97% | 1.92x | $1.14 Billion |
| Yonker Environmental Protect (300187) | $82.81 Million | 25.36% | 2.22x | $230.88 Million |