Jiuzhitang Co Ltd (000989) - Net Assets

Latest as of September 2025: CN¥3.86 Billion CNY ≈ $564.83 Million USD

Based on the latest financial reports, Jiuzhitang Co Ltd (000989) has net assets worth CN¥3.86 Billion CNY (≈ $564.83 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.00 Billion ≈ $731.35 Million USD) and total liabilities (CN¥1.14 Billion ≈ $166.52 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 asset resilience ratio of Jiuzhitang Co Ltd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.86 Billion
% of Total Assets	77.23%
Annual Growth Rate	14.9%
5-Year Change	0.57%
10-Year Change	4.23%
Growth Volatility	49.93

Jiuzhitang Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Jiuzhitang Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Jiuzhitang Co Ltd asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Jiuzhitang Co Ltd (1997–2024)

The table below shows the annual net assets of Jiuzhitang Co Ltd from 1997 to 2024. For live valuation and market cap data, see 000989 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥3.95 Billion ≈ $577.71 Million	+0.02%
2023-12-31	CN¥3.95 Billion ≈ $577.62 Million	-0.87%
2022-12-31	CN¥3.98 Billion ≈ $582.71 Million	+0.30%
2021-12-31	CN¥3.97 Billion ≈ $580.97 Million	+1.14%
2020-12-31	CN¥3.93 Billion ≈ $574.41 Million	-1.66%
2019-12-31	CN¥3.99 Billion ≈ $584.12 Million	-7.40%
2018-12-31	CN¥4.31 Billion ≈ $630.78 Million	-4.27%
2017-12-31	CN¥4.50 Billion ≈ $658.92 Million	+8.83%
2016-12-31	CN¥4.14 Billion ≈ $605.43 Million	+9.23%
2015-12-31	CN¥3.79 Billion ≈ $554.28 Million	+135.39%
2014-12-31	CN¥1.61 Billion ≈ $235.48 Million	+4.34%
2013-12-31	CN¥1.54 Billion ≈ $225.69 Million	+5.12%
2012-12-31	CN¥1.47 Billion ≈ $214.69 Million	+1.16%
2011-12-31	CN¥1.45 Billion ≈ $212.23 Million	+5.12%
2010-12-31	CN¥1.38 Billion ≈ $201.89 Million	+9.45%
2009-12-31	CN¥1.26 Billion ≈ $184.46 Million	+2.41%
2008-12-31	CN¥1.23 Billion ≈ $180.11 Million	+4.47%
2007-12-31	CN¥1.18 Billion ≈ $172.41 Million	+16.41%
2006-12-31	CN¥1.01 Billion ≈ $148.10 Million	-7.74%
2005-12-31	CN¥1.10 Billion ≈ $160.52 Million	-4.95%
2004-12-31	CN¥1.15 Billion ≈ $168.88 Million	+4.29%
2003-12-31	CN¥1.11 Billion ≈ $161.93 Million	+104.96%
2002-12-31	CN¥539.91 Million ≈ $79.01 Million	-0.80%
2001-12-31	CN¥544.27 Million ≈ $79.64 Million	+9.62%
2000-12-31	CN¥496.50 Million ≈ $72.65 Million	+214.33%
1999-12-31	CN¥157.96 Million ≈ $23.11 Million	+57.32%
1998-12-31	CN¥100.41 Million ≈ $14.69 Million	+8.04%
1997-12-31	CN¥92.93 Million ≈ $13.60 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Jiuzhitang 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 97687369700.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥976.87 Million	26.03%
Common Stock	CN¥855.94 Million	22.81%
Other Comprehensive Income	CN¥448.52 Million	11.95%
Other Components	CN¥1.47 Billion	39.22%
Total Equity	CN¥3.75 Billion	100.00%

Jiuzhitang Co Ltd Competitors by Market Cap

The table below lists competitors of Jiuzhitang Co Ltd ranked by their market capitalization.

Company	Market Cap
Greenworks (Jiangsu) Co. Ltd. A SHE:301260	$1.21 Billion
Zhongnongfa Seed Industry Group Co Ltd SHG:600313	$1.21 Billion
HOB Biotech Group Corp Ltd SHG:688656	$1.21 Billion
CATARC Automotive Proving Ground Co.Ltd. SHE:301215	$1.21 Billion
Rolls-Royce Holdings PLC LSE:RR	$1.21 Billion
Changjiang & Jinggong Steel Building Group Co Ltd SHG:600496	$1.21 Billion
Beijing eGOVA SHE:300075	$1.21 Billion
Blacksky Technology Inc NYSE:BKSY	$1.21 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,952,272,399 to 3,753,212,418, a change of -199,059,981 (-5.0%).
Net income of 216,202,230 contributed positively to equity growth.
Dividend payments of 338,612,805 reduced retained earnings.
Share repurchases of 76,208,579 reduced equity.
Other comprehensive income decreased equity by 20,280.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥216.20 Million	+5.76%
Dividends Paid	CN¥338.61 Million	-9.02%
Share Repurchases	CN¥76.21 Million	-2.03%
Other Comprehensive Income	CN¥-20.28K	-0.0%
Other Changes	CN¥-420.55K	-0.01%
Total Change	CN¥-	-5.04%

Book Value vs Market Value Analysis

This analysis compares Jiuzhitang 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: 2.19x
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 33.67x to 2.19x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1997-12-31	CN¥0.29	CN¥9.65	x
1998-12-31	CN¥0.31	CN¥9.65	x
1999-12-31	CN¥0.49	CN¥9.65	x
2000-12-31	CN¥1.54	CN¥9.65	x
2001-12-31	CN¥1.55	CN¥9.65	x
2002-12-31	CN¥1.58	CN¥9.65	x
2003-12-31	CN¥3.35	CN¥9.65	x
2004-12-31	CN¥3.54	CN¥9.65	x
2005-12-31	CN¥3.37	CN¥9.65	x
2006-12-31	CN¥2.85	CN¥9.65	x
2007-12-31	CN¥3.44	CN¥9.65	x
2008-12-31	CN¥3.58	CN¥9.65	x
2009-12-31	CN¥3.69	CN¥9.65	x
2010-12-31	CN¥4.05	CN¥9.65	x
2011-12-31	CN¥4.25	CN¥9.65	x
2012-12-31	CN¥4.23	CN¥9.65	x
2013-12-31	CN¥4.53	CN¥9.65	x
2014-12-31	CN¥3.05	CN¥9.65	x
2015-12-31	CN¥7.16	CN¥9.65	x
2016-12-31	CN¥4.76	CN¥9.65	x
2017-12-31	CN¥5.18	CN¥9.65	x
2018-12-31	CN¥4.98	CN¥9.65	x
2019-12-31	CN¥4.75	CN¥9.65	x
2020-12-31	CN¥4.67	CN¥9.65	x
2021-12-31	CN¥4.64	CN¥9.65	x
2022-12-31	CN¥4.66	CN¥9.65	x
2023-12-31	CN¥4.62	CN¥9.65	x
2024-12-31	CN¥4.41	CN¥9.65	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jiuzhitang 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): 5.76%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 9.12%
• Asset Turnover: 0.46x
• Equity Multiplier: 1.39x
Recent ROE (5.76%) is below the historical average (11.80%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1997	20.40%	7.67%	0.87x	3.07x	CN¥9.63 Million
1998	22.18%	7.15%	0.95x	3.26x	CN¥12.18 Million
1999	19.98%	9.55%	0.88x	2.39x	CN¥15.72 Million
2000	7.64%	8.32%	0.56x	1.64x	CN¥-11.69 Million
2001	10.44%	7.38%	0.81x	1.74x	CN¥2.19 Million
2002	12.34%	6.95%	0.89x	2.00x	CN¥11.92 Million
2003	7.59%	8.06%	0.76x	1.24x	CN¥-26.06 Million
2004	9.26%	10.35%	0.76x	1.17x	CN¥-8.51 Million
2005	2.17%	2.24%	0.81x	1.20x	CN¥-85.29 Million
2006	4.41%	4.71%	0.69x	1.36x	CN¥-56.38 Million
2007	10.87%	12.48%	0.71x	1.23x	CN¥10.25 Million
2008	16.28%	18.15%	0.71x	1.26x	CN¥77.08 Million
2009	11.79%	13.37%	0.72x	1.23x	CN¥22.57 Million
2010	11.80%	14.50%	0.65x	1.26x	CN¥24.83 Million
2011	13.92%	17.76%	0.63x	1.24x	CN¥56.86 Million
2012	7.61%	10.84%	0.56x	1.26x	CN¥-35.02 Million
2013	23.62%	51.68%	0.37x	1.23x	CN¥209.90 Million
2014	25.08%	50.57%	0.37x	1.34x	CN¥242.50 Million
2015	12.44%	54.05%	0.19x	1.18x	CN¥92.32 Million
2016	15.76%	24.38%	0.56x	1.16x	CN¥238.16 Million
2017	16.03%	18.80%	0.65x	1.30x	CN¥271.28 Million
2018	7.83%	10.64%	0.60x	1.22x	CN¥-93.31 Million
2019	4.82%	6.04%	0.65x	1.23x	CN¥-206.50 Million
2020	6.94%	7.65%	0.70x	1.29x	CN¥-119.94 Million
2021	6.82%	7.15%	0.72x	1.33x	CN¥-126.22 Million
2022	8.98%	11.80%	0.58x	1.31x	CN¥-40.59 Million
2023	7.53%	10.04%	0.56x	1.35x	CN¥-97.82 Million
2024	5.76%	9.12%	0.46x	1.39x	CN¥-159.12 Million

Industry Comparison

This section compares Jiuzhitang Co Ltd'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: $1,347,197,696
Average return on equity (ROE) among peers: 4.46%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jiuzhitang Co Ltd (000989)	CN¥3.86 Billion	20.40%	0.29x	$1.21 Billion
Shenzhen Neptunus Bioengineering Co Ltd (000078)	$2.84 Billion	-41.97%	9.13x	$1.22 Billion
Anhui Fengyuan Pharmaceutical Co Ltd (000153)	$638.89 Million	0.88%	0.70x	$438.59 Million
Shan Dong Dong-E E-Jiao Co Ltd (000423)	$1.05 Billion	10.46%	0.19x	$5.18 Billion
Livzon Pharmaceutical Group Inc (000513)	$1.07 Billion	3.83%	0.46x	$2.81 Billion
Wedge Industrial Co Ltd (000534)	$1.29 Billion	11.69%	1.47x	$2.95 Billion
Yunnan Baiyao Group Co Ltd (000538)	$35.11 Million	18.13%	0.80x	$13.85 Billion
Hainan Haiyao Co Ltd (000566)	$5.08 Billion	1.71%	1.08x	$949.23 Million
Tus Pharmaceutical Group Co Ltd (000590)	$141.91 Million	11.01%	0.32x	$391.07 Million
Northeast Pharmaceutical Group Co Ltd (000597)	$994.58 Million	2.01%	2.11x	$1.03 Billion
Jilin Aodong Pharmaceutical Group Co Ltd (000623)	$332.48 Million	26.89%	0.68x	$3.30 Billion

About Jiuzhitang Co Ltd

SHE:000989 China Drug Manufacturers - Specialty & Generic

Market Cap

$1.21 Billion

CN¥8.26 Billion CNY

Market Cap Rank

#8307 Global

#2128 in China

Share Price

CN¥9.65

Change (1 day)

-0.92%

52-Week Range

CN¥8.09 - CN¥12.71

All Time High

CN¥21.14