Shandong Intco Recycling Resources Co Ltd Net Assets
Shandong Intco Recycling Resources Co Ltd net assets. Based on the latest financial reports, Shandong Intco Recycling Resources Co Ltd (688087) has net assets worth CN¥2.96 Billion CNY (≈ $432.88 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.87 Billion ≈ $1.15 Billion USD) and total liabilities (CN¥4.91 Billion ≈ $718.66 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. See net asset quality index of Shandong Intco Recycling Resources Co Lt to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.96 Billion |
| % of Total Assets | 37.59% |
| Annual Growth Rate | 24.5% |
| 5-Year Change | 52.56% |
| 10-Year Change | N/A |
| Growth Volatility | 25.93 |
Net Assets of Shandong Intco Recycling Resources Co Ltd (2017–2025)
Net assets of Shandong Intco Recycling Resources Co Ltd from 2017 to 2025. This chart illustrates how Shandong Intco Recycling Resources Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shandong Intco Recycling Resources Co Lt (688087) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Shandong Intco Recycling Resources Co Ltd (2017–2025)
The table below shows the annual net assets of Shandong Intco Recycling Resources Co Ltd from 2017 to 2025. For live market cap and overall valuation, see how much is Shandong Intco Recycling Resources Co Lt worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.82 Billion ≈ $413.11 Million |
+11.40% |
| 2024-12-31 | CN¥2.53 Billion ≈ $370.85 Million |
+13.20% |
| 2023-12-31 | CN¥2.24 Billion ≈ $327.60 Million |
+7.76% |
| 2022-12-31 | CN¥2.08 Billion ≈ $303.99 Million |
+12.26% |
| 2021-12-31 | CN¥1.85 Billion ≈ $270.78 Million |
+91.40% |
| 2020-12-31 | CN¥966.80 Million ≈ $141.47 Million |
+37.33% |
| 2019-12-31 | CN¥704.02 Million ≈ $103.02 Million |
+21.83% |
| 2018-12-31 | CN¥577.89 Million ≈ $84.56 Million |
+18.14% |
| 2017-12-31 | CN¥489.15 Million ≈ $71.58 Million |
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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 506.4% over the analyzed period, indicating profitable operations and earnings retention.
Shandong Intco Recycling Resources Co Ltd Net Assets Breakdown (December 2025)
Shandong Intco Recycling Resources Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.76 Billion | 62.25% |
| Other Components | CN¥1.07 Billion | 37.75% |
| Total Equity | CN¥2.82 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 |
|---|---|
|
Hainan Shennong Technology Co Ltd
SHE:300189
|
$738.73 Million |
|
Restaurant Brands Asia Limited
NSE:RBA
|
$738.81 Million |
|
Geron Corporation
NASDAQ:GERN
|
$738.84 Million |
|
Zhejiang Baoxiniao Garment Co Ltd
SHE:002154
|
$738.87 Million |
|
Tipco Asphalt Public Company Limited
BK:TASCO-R
|
$737.94 Million |
|
Henan Jindan Lactic Acid Technology
SHE:300829
|
$737.65 Million |
|
Shanghai Smith Adhesive New
SHG:603683
|
$737.64 Million |
|
Evertz Technologies Limited
TO:ET
|
$737.59 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 2024 to 2025, total equity changed from 2,534,297,995 to 2,823,117,058, a change of 288,819,063 (11.4%).
- Net income of 300,880,800 contributed positively to equity growth.
- Dividend payments of 97,739,175 reduced retained earnings.
- Other comprehensive income decreased equity by 117,442,042.
- Other factors increased equity by 203,119,479.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥300.88 Million | +10.66% |
| Dividends Paid | CN¥97.74 Million | -3.46% |
| Other Comprehensive Income | CN¥-117.44 Million | -4.16% |
| Other Changes | CN¥203.12 Million | +7.19% |
| Total Change | CN¥- | 11.40% |
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: 1.72x
- 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 7.15x to 1.72x 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¥25.99 | x |
| 2018-12-31 | CN¥4.30 | CN¥25.99 | x |
| 2019-12-31 | CN¥5.24 | CN¥25.99 | x |
| 2020-12-31 | CN¥6.96 | CN¥25.99 | x |
| 2021-12-31 | CN¥11.63 | CN¥25.99 | x |
| 2022-12-31 | CN¥11.16 | CN¥25.99 | x |
| 2023-12-31 | CN¥12.01 | CN¥25.99 | x |
| 2024-12-31 | CN¥13.61 | CN¥25.99 | x |
| 2025-12-31 | CN¥15.11 | CN¥25.99 | 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): 10.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.50%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.62x
- Recent ROE (10.66%) is below the historical average (13.39%), 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 |
| 2025 | 10.66% | 8.50% | 0.48x | 2.62x | CN¥18.57 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: $3,081,947,610
- Average return on equity (ROE) among peers: 11.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Intco Recycling Resources Co Ltd (688087) | CN¥2.96 Billion | 13.76% | 1.66x | $738.02 Million |
| China Tianying Inc (000035) | $-1.23 Billion | 0.00% | 0.00x | $1.54 Billion |
| BECE Legend Group Co Ltd (000803) | $1.47 Billion | 2.07% | 2.62x | $436.01 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $16.83 Billion | 2.14% | 1.65x | $377.52 Million |
| City Development Environment Co Ltd (000885) | $2.01 Billion | 29.97% | 3.03x | $1.11 Billion |
| Wangneng Environment Co Ltd (002034) | $657.90 Million | 3.12% | 1.35x | $1.08 Billion |
| Beijing Orient Landscape Co Ltd (002310) | $83.62 Million | 30.41% | 1.33x | $1.77 Billion |
| GEM Co Ltd (002340) | $6.78 Billion | 2.27% | 1.35x | $4.26 Billion |
| Dongjiang Environmental Co Ltd (002672) | $2.45 Billion | 8.50% | 0.33x | $451.65 Million |
| Qiaoyin Environmental Tech Co Ltd (002973) | $220.39 Million | 24.55% | 0.64x | $627.91 Million |
| Tongxing Environmental Protection (003027) | $1.54 Billion | 9.98% | 0.33x | $276.99 Million |
About 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; environmental protection equipment; decorative and picture frame mouldings; and picture frames and mirrors. The company was founded in 2005 and is headquartered i… Read more