Jiangxi Wannianqing Cement Co Ltd (000789) - Net Assets
Based on the latest financial reports, Jiangxi Wannianqing Cement Co Ltd (000789) has net assets worth CN¥9.39 Billion CNY (≈ $1.37 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥14.29 Billion ≈ $2.09 Billion USD) and total liabilities (CN¥4.90 Billion ≈ $717.18 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 tangible equity quality of Jiangxi Wannianqing Cement Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.39 Billion |
| % of Total Assets | 65.7% |
| Annual Growth Rate | 17.59% |
| 5-Year Change | -12.88% |
| 10-Year Change | 116.4% |
| Growth Volatility | 34.15 |
Jiangxi Wannianqing Cement Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Jiangxi Wannianqing Cement Co Ltd's net assets have evolved over time, based on quarterly financial data. See 000789 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jiangxi Wannianqing Cement Co Ltd (1994–2025)
The table below shows the annual net assets of Jiangxi Wannianqing Cement Co Ltd from 1994 to 2025. For live valuation and market cap data, see 000789 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥9.50 Billion ≈ $1.39 Billion |
-7.43% |
| 2024-12-31 | CN¥10.26 Billion ≈ $1.50 Billion |
-1.26% |
| 2023-12-31 | CN¥10.39 Billion ≈ $1.52 Billion |
-0.67% |
| 2022-12-31 | CN¥10.46 Billion ≈ $1.53 Billion |
-4.05% |
| 2021-12-31 | CN¥10.90 Billion ≈ $1.60 Billion |
+16.62% |
| 2020-12-31 | CN¥9.35 Billion ≈ $1.37 Billion |
+24.24% |
| 2019-12-31 | CN¥7.52 Billion ≈ $1.10 Billion |
+23.45% |
| 2018-12-31 | CN¥6.09 Billion ≈ $891.75 Million |
+31.53% |
| 2017-12-31 | CN¥4.63 Billion ≈ $678.00 Million |
+5.58% |
| 2016-12-31 | CN¥4.39 Billion ≈ $642.14 Million |
+7.39% |
| 2015-12-31 | CN¥4.09 Billion ≈ $597.93 Million |
-2.79% |
| 2014-12-31 | CN¥4.20 Billion ≈ $615.12 Million |
+18.46% |
| 2013-12-31 | CN¥3.55 Billion ≈ $519.24 Million |
+24.12% |
| 2012-12-31 | CN¥2.86 Billion ≈ $418.34 Million |
+9.56% |
| 2011-12-31 | CN¥2.61 Billion ≈ $381.84 Million |
+11.79% |
| 2010-12-31 | CN¥2.33 Billion ≈ $341.57 Million |
+13.08% |
| 2009-12-31 | CN¥2.06 Billion ≈ $302.07 Million |
+22.08% |
| 2008-12-31 | CN¥1.69 Billion ≈ $247.43 Million |
+36.42% |
| 2007-12-31 | CN¥1.24 Billion ≈ $181.38 Million |
+79.32% |
| 2006-12-31 | CN¥691.24 Million ≈ $101.15 Million |
+2.09% |
| 2005-12-31 | CN¥677.08 Million ≈ $99.08 Million |
-4.91% |
| 2004-12-31 | CN¥712.04 Million ≈ $104.19 Million |
-9.29% |
| 2003-12-31 | CN¥784.94 Million ≈ $114.86 Million |
+5.92% |
| 2002-12-31 | CN¥741.06 Million ≈ $108.44 Million |
+1.06% |
| 2001-12-31 | CN¥733.27 Million ≈ $107.30 Million |
+13.05% |
| 2000-12-31 | CN¥648.64 Million ≈ $94.92 Million |
+48.36% |
| 1999-12-31 | CN¥437.21 Million ≈ $63.98 Million |
+0.10% |
| 1998-12-31 | CN¥436.78 Million ≈ $63.91 Million |
+12.55% |
| 1997-12-31 | CN¥388.07 Million ≈ $56.79 Million |
+146.08% |
| 1996-12-31 | CN¥157.70 Million ≈ $23.08 Million |
+16.47% |
| 1995-12-31 | CN¥135.40 Million ≈ $19.81 Million |
+116.49% |
| 1994-12-31 | CN¥62.54 Million ≈ $9.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangxi Wannianqing Cement 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 541246059200.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.41 Billion | 81.69% |
| Common Stock | CN¥797.41 Million | 12.03% |
| Other Comprehensive Income | CN¥614.95 Million | 9.28% |
| Total Equity | CN¥6.63 Billion | 100.00% |
Jiangxi Wannianqing Cement Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangxi Wannianqing Cement Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Medical REIT Inc.
NYSE:GMRE
|
$479.58 Million |
|
Ucore Rare Metals Inc
V:UCU
|
$479.76 Million |
|
Medprin Regenerative Medical Technologies Co. Ltd.
SHE:301033
|
$479.78 Million |
|
Huatian Hotel Group Co Ltd
SHE:000428
|
$480.10 Million |
|
China Datang Corporation Renewable Power Co. Limited
STU:DT7
|
$479.54 Million |
|
Pangaea Logistic
NASDAQ:PANL
|
$479.51 Million |
|
Changchun Gas Co Ltd
SHG:600333
|
$479.47 Million |
|
Shenzhen Tongyi Industry Co Ltd
SHE:300538
|
$479.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangxi Wannianqing Cement Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 6,893,856,333 to 6,625,832,046, a change of -268,024,287 (-3.9%).
- Net income of 29,016,850 contributed positively to equity growth.
- Dividend payments of 113,840,938 reduced retained earnings.
- Share repurchases of 199,306,796 reduced equity.
- Other comprehensive income increased equity by 16,088,653.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥29.02 Million | +0.44% |
| Dividends Paid | CN¥113.84 Million | -1.72% |
| Share Repurchases | CN¥199.31 Million | -3.01% |
| Other Comprehensive Income | CN¥16.09 Million | +0.24% |
| Other Changes | CN¥17.94K | +0.0% |
| Total Change | CN¥- | -3.89% |
Book Value vs Market Value Analysis
This analysis compares Jiangxi Wannianqing Cement 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: 0.48x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 44.65x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.09 | CN¥4.11 | x |
| 1995-12-31 | CN¥0.20 | CN¥4.11 | x |
| 1996-12-31 | CN¥0.23 | CN¥4.11 | x |
| 1997-12-31 | CN¥0.57 | CN¥4.11 | x |
| 1998-12-31 | CN¥0.64 | CN¥4.11 | x |
| 1999-12-31 | CN¥0.64 | CN¥4.11 | x |
| 2000-12-31 | CN¥0.95 | CN¥4.11 | x |
| 2001-12-31 | CN¥1.05 | CN¥4.11 | x |
| 2002-12-31 | CN¥0.73 | CN¥4.11 | x |
| 2003-12-31 | CN¥0.77 | CN¥4.11 | x |
| 2004-12-31 | CN¥0.70 | CN¥4.11 | x |
| 2005-12-31 | CN¥0.56 | CN¥4.11 | x |
| 2006-12-31 | CN¥0.86 | CN¥4.11 | x |
| 2007-12-31 | CN¥1.42 | CN¥4.11 | x |
| 2008-12-31 | CN¥1.29 | CN¥4.11 | x |
| 2009-12-31 | CN¥1.38 | CN¥4.11 | x |
| 2010-12-31 | CN¥1.58 | CN¥4.11 | x |
| 2011-12-31 | CN¥1.98 | CN¥4.11 | x |
| 2012-12-31 | CN¥2.19 | CN¥4.11 | x |
| 2013-12-31 | CN¥2.63 | CN¥4.11 | x |
| 2014-12-31 | CN¥3.15 | CN¥4.11 | x |
| 2015-12-31 | CN¥3.31 | CN¥4.11 | x |
| 2016-12-31 | CN¥3.52 | CN¥4.11 | x |
| 2017-12-31 | CN¥3.90 | CN¥4.11 | x |
| 2018-12-31 | CN¥5.05 | CN¥4.11 | x |
| 2019-12-31 | CN¥6.35 | CN¥4.11 | x |
| 2020-12-31 | CN¥7.63 | CN¥4.11 | x |
| 2021-12-31 | CN¥8.88 | CN¥4.11 | x |
| 2022-12-31 | CN¥8.50 | CN¥4.11 | x |
| 2023-12-31 | CN¥8.75 | CN¥4.11 | x |
| 2024-12-31 | CN¥8.64 | CN¥4.11 | x |
| 2025-12-31 | CN¥8.63 | CN¥4.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangxi Wannianqing Cement 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): 0.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.64%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 2.20x
- Recent ROE (0.44%) is below the historical average (12.48%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 68.13% | 13.34% | 2.22x | 2.30x | CN¥36.36 Million |
| 1995 | 30.12% | 13.31% | 1.33x | 1.70x | CN¥27.25 Million |
| 1996 | 24.42% | 12.36% | 1.17x | 1.68x | CN¥22.73 Million |
| 1997 | 10.96% | 13.80% | 0.59x | 1.34x | CN¥3.71 Million |
| 1998 | 11.15% | 17.85% | 0.47x | 1.34x | CN¥5.03 Million |
| 1999 | 9.48% | 13.75% | 0.43x | 1.62x | CN¥-2.27 Million |
| 2000 | 6.52% | 14.59% | 0.34x | 1.33x | CN¥-22.53 Million |
| 2001 | 4.25% | 8.11% | 0.36x | 1.46x | CN¥-41.10 Million |
| 2002 | 2.17% | 4.01% | 0.34x | 1.61x | CN¥-56.43 Million |
| 2003 | 5.52% | 7.27% | 0.36x | 2.10x | CN¥-34.24 Million |
| 2004 | -7.02% | -7.33% | 0.35x | 2.73x | CN¥-117.96 Million |
| 2005 | -24.39% | -20.96% | 0.33x | 3.56x | CN¥-191.42 Million |
| 2006 | 1.87% | 1.33% | 0.39x | 3.62x | CN¥-46.58 Million |
| 2007 | 3.44% | 2.62% | 0.48x | 2.73x | CN¥-63.06 Million |
| 2008 | 4.92% | 2.55% | 0.49x | 3.91x | CN¥-50.68 Million |
| 2009 | 6.20% | 2.31% | 0.49x | 5.44x | CN¥-40.47 Million |
| 2010 | 12.58% | 3.98% | 0.58x | 5.41x | CN¥31.45 Million |
| 2011 | 33.12% | 8.95% | 0.80x | 4.60x | CN¥352.90 Million |
| 2012 | 11.18% | 4.09% | 0.65x | 4.22x | CN¥20.17 Million |
| 2013 | 20.87% | 7.09% | 0.79x | 3.74x | CN¥228.36 Million |
| 2014 | 21.91% | 8.23% | 0.76x | 3.52x | CN¥298.90 Million |
| 2015 | 9.43% | 4.45% | 0.62x | 3.42x | CN¥-15.01 Million |
| 2016 | 8.18% | 4.05% | 0.67x | 3.02x | CN¥-51.16 Million |
| 2017 | 14.89% | 6.52% | 0.85x | 2.70x | CN¥151.92 Million |
| 2018 | 28.23% | 11.14% | 1.02x | 2.49x | CN¥734.56 Million |
| 2019 | 27.03% | 12.02% | 0.96x | 2.33x | CN¥862.51 Million |
| 2020 | 23.16% | 11.82% | 0.83x | 2.37x | CN¥841.35 Million |
| 2021 | 21.46% | 11.22% | 0.81x | 2.35x | CN¥850.67 Million |
| 2022 | 5.60% | 3.44% | 0.62x | 2.62x | CN¥-305.87 Million |
| 2023 | 3.28% | 2.79% | 0.48x | 2.44x | CN¥-469.30 Million |
| 2024 | 0.19% | 0.22% | 0.36x | 2.40x | CN¥-676.22 Million |
| 2025 | 0.44% | 0.64% | 0.31x | 2.20x | CN¥-633.57 Million |
Industry Comparison
This section compares Jiangxi Wannianqing Cement Co Ltd's net assets metrics with peer companies in the Building Materials industry.
Industry Context
- Industry: Building Materials
- Average net assets among peers: $6,101,369,695
- Average return on equity (ROE) among peers: 9.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangxi Wannianqing Cement Co Ltd (000789) | CN¥9.39 Billion | 68.13% | 0.52x | $479.58 Million |
| CSG Holding Co Ltd (000012) | $2.20 Billion | 9.26% | 0.60x | $1.23 Billion |
| Tangshan Jidong Cement Co Ltd (000401) | $33.78 Billion | 8.32% | 0.79x | $1.42 Billion |
| Gansu Shangfeng Cement Co Ltd (000672) | $25.36 Million | 12.31% | 2.80x | $2.65 Billion |
| Xinjiang Tianshan Cement Co Ltd (000877) | $85.96 Million | 23.73% | 0.88x | $4.10 Billion |
| Sinostone Guangdong Co Ltd (001212) | $438.80 Million | 19.66% | 0.29x | $1.45 Billion |
| Ruitai Materials Technology Co Ltd (002066) | $923.65 Million | 1.64% | 2.97x | $755.55 Million |
| Guangdong Tapai Group Co Ltd (002233) | $12.06 Billion | 5.26% | 0.11x | $1.29 Billion |
| China West Construction Group Co Ltd (002302) | $4.64 Billion | 6.81% | 2.05x | $858.96 Million |
| Hubei Guochuang Hi-tech Material Co Ltd (002377) | $753.41 Million | 2.29% | 1.24x | $362.04 Million |
About Jiangxi Wannianqing Cement Co Ltd
Jiangxi Wannianqing Cement Co., Ltd., together with its subsidiaries, produces and sells cement in China. The company operates through Clinker Cement, Commercial Cement, and Other segments. It offers ordinary Portland cement and composite Portland cement; ready-mixed clinker; ready-mixed concrete; aggregates; silicate cement, clinker, and new wall materials. The company's products are used in the… Read more