Changchun High & New Technology Industries Group Inc
Changchun High-Tech Industry (Group) Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells biopharmaceuticals and traditional Chinese medicines products in China. The company offers genetic engineering, biological vaccines, antibody drugs, chemical drugs, and modern Chinese medicine. It also develops real estate properties. The company was founded in 1993 and is… Read more
Changchun High & New Technology Industries Group Inc (000661) - Net Assets
Latest net assets as of September 2025: CN¥25.94 Billion CNY
Based on the latest financial reports, Changchun High & New Technology Industries Group Inc (000661) has net assets worth CN¥25.94 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¥31.46 Billion) and total liabilities (CN¥5.52 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¥25.94 Billion |
| % of Total Assets | 82.45% |
| Annual Growth Rate | 18.27% |
| 5-Year Change | 111.81% |
| 10-Year Change | 971.89% |
| Growth Volatility | 27.81 |
Changchun High & New Technology Industries Group Inc - Net Assets Trend (1993–2024)
This chart illustrates how Changchun High & New Technology Industries Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Changchun High & New Technology Industries Group Inc (1993–2024)
The table below shows the annual net assets of Changchun High & New Technology Industries Group Inc from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥26.10 Billion | +4.28% |
| 2023-12-31 | CN¥25.03 Billion | +20.31% |
| 2022-12-31 | CN¥20.81 Billion | +20.71% |
| 2021-12-31 | CN¥17.24 Billion | +39.87% |
| 2020-12-31 | CN¥12.32 Billion | +39.92% |
| 2019-12-31 | CN¥8.81 Billion | +39.23% |
| 2018-12-31 | CN¥6.33 Billion | +21.65% |
| 2017-12-31 | CN¥5.20 Billion | +16.85% |
| 2016-12-31 | CN¥4.45 Billion | +82.76% |
| 2015-12-31 | CN¥2.44 Billion | +19.10% |
| 2014-12-31 | CN¥2.04 Billion | +20.02% |
| 2013-12-31 | CN¥1.70 Billion | +30.66% |
| 2012-12-31 | CN¥1.30 Billion | +37.80% |
| 2011-12-31 | CN¥946.20 Million | +17.70% |
| 2010-12-31 | CN¥803.92 Million | +16.35% |
| 2009-12-31 | CN¥690.94 Million | +20.91% |
| 2008-12-31 | CN¥571.43 Million | +15.11% |
| 2007-12-31 | CN¥496.42 Million | +2.72% |
| 2006-12-31 | CN¥483.29 Million | +15.58% |
| 2005-12-31 | CN¥418.13 Million | +0.39% |
| 2004-12-31 | CN¥416.50 Million | -6.72% |
| 2003-12-31 | CN¥446.52 Million | -23.04% |
| 2002-12-31 | CN¥580.18 Million | +0.28% |
| 2001-12-31 | CN¥578.58 Million | -4.50% |
| 2000-12-31 | CN¥605.86 Million | -23.14% |
| 1999-12-31 | CN¥788.27 Million | -2.88% |
| 1998-12-31 | CN¥811.61 Million | +79.95% |
| 1997-12-31 | CN¥451.02 Million | +27.44% |
| 1996-12-31 | CN¥353.90 Million | +106.32% |
| 1995-12-31 | CN¥171.53 Million | +20.48% |
| 1994-12-31 | CN¥142.38 Million | -0.83% |
| 1993-12-31 | CN¥143.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Changchun High & New Technology Industries Group 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 1748336198500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥17.48 Billion | 76.02% |
| Common Stock | CN¥407.98 Million | 1.77% |
| Other Components | CN¥5.11 Billion | 22.21% |
| Total Equity | CN¥23.00 Billion | 100.00% |
Changchun High & New Technology Industries Group Inc Competitors by Market Cap
The table below lists competitors of Changchun High & New Technology Industries Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CALIFORNA RESOURC. DL-01
F:1CLD
|
$3.47 Billion |
|
Waystar Holding Corp. Common Stock
NASDAQ:WAY
|
$3.47 Billion |
|
Santen Pharmaceutical Co. Ltd
PINK:SNPHF
|
$3.47 Billion |
|
Quálitas Controladora S.A.B. de C.V
OTCGREY:QUCOF
|
$3.47 Billion |
|
Voestalpine AG
PINK:VLPNF
|
$3.47 Billion |
|
Shandong Intco Medical Products Co Ltd
SHE:300677
|
$3.47 Billion |
|
DoorDash, Inc.
SA:D2AS34
|
$3.47 Billion |
|
Kyowa Kirin Co. Ltd
PINK:KYKOF
|
$3.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changchun High & New Technology Industries Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,074,934,790 to 22,999,514,866, a change of 924,580,076 (4.2%).
- Net income of 2,583,058,417 contributed positively to equity growth.
- Dividend payments of 1,838,685,300 reduced retained earnings.
- Share repurchases of 657,492,035 reduced equity.
- Other comprehensive income decreased equity by 2,066,729,310.
- Other factors increased equity by 2,904,428,304.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.58 Billion | +11.23% |
| Dividends Paid | CN¥1.84 Billion | -7.99% |
| Share Repurchases | CN¥657.49 Million | -2.86% |
| Other Comprehensive Income | CN¥-2.07 Billion | -8.99% |
| Other Changes | CN¥2.90 Billion | +12.63% |
| Total Change | CN¥- | 4.19% |
Book Value vs Market Value Analysis
This analysis compares Changchun High & New Technology Industries Group 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: 1.57x
- 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 159.78x to 1.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.56 | CN¥90.00 | x |
| 1996-12-31 | CN¥1.16 | CN¥90.00 | x |
| 1997-12-31 | CN¥1.50 | CN¥90.00 | x |
| 1998-12-31 | CN¥2.35 | CN¥90.00 | x |
| 1999-12-31 | CN¥2.27 | CN¥90.00 | x |
| 2000-12-31 | CN¥1.58 | CN¥90.00 | x |
| 2001-12-31 | CN¥1.50 | CN¥90.00 | x |
| 2002-12-31 | CN¥1.53 | CN¥90.00 | x |
| 2003-12-31 | CN¥1.15 | CN¥90.00 | x |
| 2004-12-31 | CN¥1.16 | CN¥90.00 | x |
| 2005-12-31 | CN¥0.99 | CN¥90.00 | x |
| 2006-12-31 | CN¥1.05 | CN¥90.00 | x |
| 2007-12-31 | CN¥1.09 | CN¥90.00 | x |
| 2008-12-31 | CN¥1.18 | CN¥90.00 | x |
| 2009-12-31 | CN¥1.45 | CN¥90.00 | x |
| 2010-12-31 | CN¥1.74 | CN¥90.00 | x |
| 2011-12-31 | CN¥2.08 | CN¥90.00 | x |
| 2012-12-31 | CN¥3.08 | CN¥90.00 | x |
| 2013-12-31 | CN¥3.95 | CN¥90.00 | x |
| 2014-12-31 | CN¥4.84 | CN¥90.00 | x |
| 2015-12-31 | CN¥6.77 | CN¥90.00 | x |
| 2016-12-31 | CN¥11.46 | CN¥90.00 | x |
| 2017-12-31 | CN¥13.00 | CN¥90.00 | x |
| 2018-12-31 | CN¥15.57 | CN¥90.00 | x |
| 2019-12-31 | CN¥23.39 | CN¥90.00 | x |
| 2020-12-31 | CN¥26.77 | CN¥90.00 | x |
| 2021-12-31 | CN¥35.57 | CN¥90.00 | x |
| 2022-12-31 | CN¥44.29 | CN¥90.00 | x |
| 2023-12-31 | CN¥53.87 | CN¥90.00 | x |
| 2024-12-31 | CN¥57.16 | CN¥90.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changchun High & New Technology Industries Group 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): 11.23%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.18%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.35x
- Recent ROE (11.23%) is below the historical average (11.58%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 15.90% | 19.89% | 0.26x | 3.03x | CN¥10.02 Million |
| 1996 | 15.99% | 39.69% | 0.19x | 2.10x | CN¥21.02 Million |
| 1997 | 11.10% | 38.44% | 0.15x | 1.94x | CN¥4.97 Million |
| 1998 | 10.08% | 27.49% | 0.19x | 1.94x | CN¥573.74K |
| 1999 | 2.03% | 4.56% | 0.23x | 1.97x | CN¥-54.57 Million |
| 2000 | 3.52% | 5.36% | 0.26x | 2.48x | CN¥-30.95 Million |
| 2001 | 0.96% | 1.07% | 0.32x | 2.79x | CN¥-40.94 Million |
| 2002 | 0.46% | 0.46% | 0.37x | 2.69x | CN¥-43.91 Million |
| 2003 | -31.17% | -25.50% | 0.27x | 4.47x | CN¥-142.87 Million |
| 2004 | 2.06% | 1.96% | 0.26x | 4.00x | CN¥-27.66 Million |
| 2005 | -19.69% | -12.09% | 0.34x | 4.73x | CN¥-88.76 Million |
| 2006 | 1.42% | 0.78% | 0.40x | 4.58x | CN¥-27.26 Million |
| 2007 | 2.29% | 1.14% | 0.44x | 4.61x | CN¥-25.30 Million |
| 2008 | 5.54% | 2.50% | 0.52x | 4.27x | CN¥-16.18 Million |
| 2009 | 16.80% | 7.15% | 0.66x | 3.56x | CN¥29.60 Million |
| 2010 | 16.56% | 7.42% | 0.66x | 3.37x | CN¥34.26 Million |
| 2011 | 17.40% | 8.81% | 0.60x | 3.27x | CN¥46.60 Million |
| 2012 | 32.26% | 17.02% | 0.76x | 2.49x | CN¥206.87 Million |
| 2013 | 23.80% | 13.86% | 0.73x | 2.35x | CN¥164.61 Million |
| 2014 | 21.79% | 14.06% | 0.72x | 2.16x | CN¥172.15 Million |
| 2015 | 21.63% | 16.01% | 0.63x | 2.15x | CN¥206.69 Million |
| 2016 | 12.43% | 16.73% | 0.47x | 1.59x | CN¥94.87 Million |
| 2017 | 14.96% | 16.14% | 0.56x | 1.66x | CN¥219.36 Million |
| 2018 | 19.01% | 18.73% | 0.57x | 1.78x | CN¥476.99 Million |
| 2019 | 21.96% | 24.07% | 0.58x | 1.57x | CN¥966.57 Million |
| 2020 | 27.87% | 35.52% | 0.51x | 1.54x | CN¥1.95 Billion |
| 2021 | 25.78% | 34.96% | 0.48x | 1.54x | CN¥2.30 Billion |
| 2022 | 22.94% | 32.79% | 0.49x | 1.44x | CN¥2.34 Billion |
| 2023 | 20.53% | 31.12% | 0.47x | 1.39x | CN¥2.32 Billion |
| 2024 | 11.23% | 19.18% | 0.43x | 1.35x | CN¥283.11 Million |
Industry Comparison
This section compares Changchun High & New Technology Industries Group Inc's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $2,123,990,643
- Average return on equity (ROE) among peers: -0.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Changchun High & New Technology Industries Group Inc (000661) | CN¥25.94 Billion | 15.90% | 0.21x | $3.47 Billion |
| Shenzhen Neptunus Bioengineering Co Ltd (000078) | $6.47 Billion | 9.88% | 3.77x | $616.08 Million |
| Anhui Fengyuan Pharmaceutical Co Ltd (000153) | $1.18 Billion | 2.74% | 0.95x | $320.56 Million |
| Shan Dong Dong-E E-Jiao Co Ltd (000423) | $10.33 Billion | 15.07% | 0.27x | $3.03 Billion |
| Wedge Industrial Co Ltd (000534) | $298.72 Million | 1.96% | 0.38x | $1.77 Billion |
| Yunnan Baiyao Group Co Ltd (000538) | $35.11 Million | 18.13% | 0.80x | $5.62 Billion |
| Hainan Haiyao Co Ltd (000566) | $353.98 Million | -9.58% | 0.80x | $702.18 Million |
| Tus Pharmaceutical Group Co Ltd (000590) | $269.51 Million | -61.02% | 1.05x | $317.08 Million |
| Northeast Pharmaceutical Group Co Ltd (000597) | $927.49 Million | 2.65% | 1.38x | $425.60 Million |
| Jilin Aodong Pharmaceutical Group Co Ltd (000623) | $1.11 Billion | 7.32% | 0.29x | $2.05 Billion |
| Renhe Pharmacy Co Ltd (000650) | $261.49 Million | 10.60% | 0.82x | $777.45 Million |