J.S. Corrugating Machinery Co Ltd (000821) - Net Assets

Latest as of March 2026: CN¥4.38 Billion CNY ≈ $641.45 Million USD

Based on the latest financial reports, J.S. Corrugating Machinery Co Ltd (000821) has net assets worth CN¥4.38 Billion CNY (≈ $641.45 Million 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¥13.30 Billion ≈ $1.95 Billion USD) and total liabilities (CN¥8.92 Billion ≈ $1.30 Billion 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 J.S. Corrugating Machinery Co Ltd (000821) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.38 Billion
% of Total Assets	32.96%
Annual Growth Rate	11.2%
5-Year Change	47.19%
10-Year Change	136.03%
Growth Volatility	26.26

J.S. Corrugating Machinery Co Ltd - Net Assets Trend (1995–2025)

This chart illustrates how J.S. Corrugating Machinery Co Ltd's net assets have evolved over time, based on quarterly financial data. See J.S. Corrugating Machinery Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for J.S. Corrugating Machinery Co Ltd (1995–2025)

The table below shows the annual net assets of J.S. Corrugating Machinery Co Ltd from 1995 to 2025. For live valuation and market cap data, see J.S. Corrugating Machinery Co Ltd market cap and net worth.

Year	Net Assets	Change
2025-12-31	CN¥4.40 Billion ≈ $643.56 Million	+3.30%
2024-12-31	CN¥4.26 Billion ≈ $623.00 Million	+13.05%
2023-12-31	CN¥3.77 Billion ≈ $551.07 Million	+12.03%
2022-12-31	CN¥3.36 Billion ≈ $491.91 Million	+12.50%
2021-12-31	CN¥2.99 Billion ≈ $437.23 Million	+26.74%
2020-12-31	CN¥2.36 Billion ≈ $344.99 Million	+2.31%
2019-12-31	CN¥2.30 Billion ≈ $337.19 Million	-19.59%
2018-12-31	CN¥2.87 Billion ≈ $419.32 Million	+50.31%
2017-12-31	CN¥1.91 Billion ≈ $278.96 Million	+2.31%
2016-12-31	CN¥1.86 Billion ≈ $272.67 Million	+4.90%
2015-12-31	CN¥1.78 Billion ≈ $259.94 Million	+51.31%
2014-12-31	CN¥1.17 Billion ≈ $171.79 Million	+1.64%
2013-12-31	CN¥1.16 Billion ≈ $169.02 Million	+8.42%
2012-12-31	CN¥1.07 Billion ≈ $155.89 Million	-9.38%
2011-12-31	CN¥1.18 Billion ≈ $172.03 Million	+1.43%
2010-12-31	CN¥1.16 Billion ≈ $169.60 Million	+2.74%
2009-12-31	CN¥1.13 Billion ≈ $165.08 Million	+0.27%
2008-12-31	CN¥1.13 Billion ≈ $164.64 Million	-1.11%
2007-12-31	CN¥1.14 Billion ≈ $166.48 Million	+1.37%
2006-12-31	CN¥1.12 Billion ≈ $164.23 Million	-0.36%
2005-12-31	CN¥1.13 Billion ≈ $164.83 Million	+1.91%
2004-12-31	CN¥1.11 Billion ≈ $161.74 Million	-0.03%
2003-12-31	CN¥1.11 Billion ≈ $161.79 Million	+3.20%
2002-12-31	CN¥1.07 Billion ≈ $156.78 Million	+24.04%
2001-12-31	CN¥863.72 Million ≈ $126.39 Million	+6.44%
2000-12-31	CN¥811.43 Million ≈ $118.74 Million	+4.04%
1999-12-31	CN¥779.93 Million ≈ $114.13 Million	+5.68%
1998-12-31	CN¥738.00 Million ≈ $107.99 Million	+127.30%
1997-12-31	CN¥324.67 Million ≈ $47.51 Million	+37.77%
1996-12-31	CN¥235.66 Million ≈ $34.48 Million	+29.37%
1995-12-31	CN¥182.17 Million ≈ $26.66 Million	--

Equity Component Analysis

This analysis shows how different components contribute to J.S. Corrugating Machinery 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 20103.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.31 Billion	31.37%
Other Components	CN¥2.86 Billion	68.63%
Total Equity	CN¥4.17 Billion	100.00%

J.S. Corrugating Machinery Co Ltd Competitors by Market Cap

The table below lists competitors of J.S. Corrugating Machinery Co Ltd ranked by their market capitalization.

Company	Market Cap
Forward Industries Inc NASDAQ:FORD	$788.51 Million
Guangdong Dongpeng Holdings SHE:003012	$788.95 Million
Whirlpool S.A SA:WHRL3	$789.23 Million
Acast AB ST:ACAST	$789.37 Million
Lushang Property Co Ltd SHG:600223	$788.41 Million
Jiangsu TongLin Electric Co.Ltd. SHE:301168	$788.08 Million
Gujarat Ambuja Exports Limited NSE:GAEL	$787.60 Million
Uroica Mining Safety Eng SHE:300099	$787.56 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in J.S. Corrugating Machinery Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,040,050,752 to 4,174,429,819, a change of 134,379,067 (3.3%).
Net income of 197,634,762 contributed positively to equity growth.
Dividend payments of 98,608,054 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥197.63 Million	+4.73%
Dividends Paid	CN¥98.61 Million	-2.36%
Other Changes	CN¥35.35 Million	+0.85%
Total Change	CN¥-	3.33%

Book Value vs Market Value Analysis

This analysis compares J.S. Corrugating Machinery 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: 1.29x
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 17.86x to 1.29x 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¥0.48	CN¥8.65	x
1996-12-31	CN¥0.63	CN¥8.65	x
1997-12-31	CN¥0.88	CN¥8.65	x
1998-12-31	CN¥2.02	CN¥8.65	x
1999-12-31	CN¥2.14	CN¥8.65	x
2000-12-31	CN¥2.22	CN¥8.65	x
2001-12-31	CN¥2.37	CN¥8.65	x
2002-12-31	CN¥2.94	CN¥8.65	x
2003-12-31	CN¥3.05	CN¥8.65	x
2004-12-31	CN¥3.05	CN¥8.65	x
2005-12-31	CN¥3.12	CN¥8.65	x
2006-12-31	CN¥3.33	CN¥8.65	x
2007-12-31	CN¥3.17	CN¥8.65	x
2008-12-31	CN¥4.26	CN¥8.65	x
2009-12-31	CN¥3.51	CN¥8.65	x
2010-12-31	CN¥3.37	CN¥8.65	x
2011-12-31	CN¥3.66	CN¥8.65	x
2012-12-31	CN¥3.07	CN¥8.65	x
2013-12-31	CN¥3.16	CN¥8.65	x
2014-12-31	CN¥3.06	CN¥8.65	x
2015-12-31	CN¥3.44	CN¥8.65	x
2016-12-31	CN¥3.95	CN¥8.65	x
2017-12-31	CN¥3.86	CN¥8.65	x
2018-12-31	CN¥5.37	CN¥8.65	x
2019-12-31	CN¥4.20	CN¥8.65	x
2020-12-31	CN¥4.32	CN¥8.65	x
2021-12-31	CN¥5.25	CN¥8.65	x
2022-12-31	CN¥5.35	CN¥8.65	x
2023-12-31	CN¥5.85	CN¥8.65	x
2024-12-31	CN¥6.50	CN¥8.65	x
2025-12-31	CN¥6.70	CN¥8.65	x

Capital Efficiency Dashboard

This dashboard shows how efficiently J.S. Corrugating Machinery 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): 4.73%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.78%
• Asset Turnover: 0.53x
• Equity Multiplier: 3.19x
Recent ROE (4.73%) is below the historical average (6.71%), 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	41.92%	28.08%	0.81x	1.85x	CN¥55.75 Million
1996	36.01%	24.40%	0.86x	1.71x	CN¥59.54 Million
1997	27.99%	23.15%	0.83x	1.45x	CN¥57.21 Million
1998	11.83%	20.76%	0.48x	1.19x	CN¥13.35 Million
1999	12.11%	20.40%	0.52x	1.15x	CN¥16.29 Million
2000	11.18%	16.61%	0.45x	1.49x	CN¥9.44 Million
2001	10.39%	15.01%	0.42x	1.64x	CN¥3.35 Million
2002	4.82%	8.73%	0.39x	1.41x	CN¥-55.00 Million
2003	3.65%	6.74%	0.39x	1.40x	CN¥-69.92 Million
2004	3.14%	5.63%	0.41x	1.37x	CN¥-75.58 Million
2005	2.08%	4.72%	0.35x	1.25x	CN¥-89.08 Million
2006	3.01%	5.57%	0.42x	1.28x	CN¥-78.36 Million
2007	2.86%	6.09%	0.38x	1.24x	CN¥-81.17 Million
2008	0.47%	1.01%	0.39x	1.19x	CN¥-107.14 Million
2009	0.28%	0.82%	0.30x	1.17x	CN¥-109.53 Million
2010	2.67%	5.91%	0.37x	1.23x	CN¥-84.91 Million
2011	0.27%	0.47%	0.42x	1.40x	CN¥-111.80 Million
2012	-7.82%	-16.00%	0.36x	1.37x	CN¥-189.80 Million
2013	0.95%	1.41%	0.38x	1.76x	CN¥-97.04 Million
2014	0.98%	1.15%	0.48x	1.80x	CN¥-97.39 Million
2015	3.05%	4.93%	0.37x	1.68x	CN¥-115.10 Million
2016	4.93%	6.66%	0.43x	1.70x	CN¥-87.77 Million
2017	8.26%	9.97%	0.51x	1.62x	CN¥-32.34 Million
2018	5.18%	6.40%	0.44x	1.85x	CN¥-133.78 Million
2019	-23.34%	-22.92%	0.46x	2.22x	CN¥-739.22 Million
2020	2.35%	1.76%	0.50x	2.70x	CN¥-174.72 Million
2021	4.95%	3.57%	0.52x	2.66x	CN¥-148.88 Million
2022	9.16%	6.20%	0.49x	3.02x	CN¥-27.76 Million
2023	9.23%	4.66%	0.45x	4.41x	CN¥-28.06 Million
2024	10.61%	4.92%	0.62x	3.48x	CN¥24.78 Million
2025	4.73%	2.78%	0.53x	3.19x	CN¥-219.81 Million

Industry Comparison

This section compares J.S. Corrugating Machinery Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $2,019,754,394
Average return on equity (ROE) among peers: 4.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
J.S. Corrugating Machinery Co Ltd (000821)	CN¥4.38 Billion	41.92%	2.03x	$788.41 Million
Huayi Compressor Co Ltd (000404)	$2.70 Billion	6.94%	1.45x	$768.94 Million
Shenyang Machine Tool Co Ltd (000410)	$1.11 Billion	8.63%	3.77x	$1.98 Billion
North Industries Group Red Arrow Co Ltd (000519)	$9.75 Billion	8.40%	0.54x	$4.14 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$657.04 Million	17.35%	0.68x	$478.11 Million
Changchai Co Ltd (000570)	$2.06 Billion	3.02%	0.72x	$409.83 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$437.03 Million	6.41%	1.13x	$32.29 Million
Baota Industry Co Ltd (000595)	$356.47 Million	-22.08%	1.87x	$1.07 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$303.55 Million	4.59%	0.79x	$1.10 Billion
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$803.92 Million	9.00%	0.67x	$1.83 Billion

About J.S. Corrugating Machinery Co Ltd

SHE:000821 China Specialty Industrial Machinery

Market Cap

$788.41 Million

CN¥5.39 Billion CNY

Market Cap Rank

#10139 Global

#2726 in China

Share Price

CN¥8.65

Change (1 day)

-3.78%

52-Week Range

CN¥8.65 - CN¥16.25

All Time High

CN¥26.06