Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) - Net Assets

Latest as of September 2025: CN¥6.48 Billion CNY ≈ $947.58 Million USD

Based on the latest financial reports, Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) has net assets worth CN¥6.48 Billion CNY (≈ $947.58 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¥9.00 Billion ≈ $1.32 Billion USD) and total liabilities (CN¥2.53 Billion ≈ $369.93 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 002067 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.48 Billion
% of Total Assets	71.92%
Annual Growth Rate	15.23%
5-Year Change	18.86%
10-Year Change	94.11%
Growth Volatility	44.12

Zhejiang Jingxing Paper Joint Stock Co Ltd - Net Assets Trend (2003–2024)

This chart illustrates how Zhejiang Jingxing Paper Joint Stock Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002067 asset base for the complete picture of this company's asset base.

Annual Net Assets for Zhejiang Jingxing Paper Joint Stock Co Ltd (2003–2024)

The table below shows the annual net assets of Zhejiang Jingxing Paper Joint Stock Co Ltd from 2003 to 2024. For live valuation and market cap data, see 002067 market cap overview.

Year	Net Assets	Change
2024-12-31	CN¥5.84 Billion ≈ $855.01 Million	+4.73%
2023-12-31	CN¥5.58 Billion ≈ $816.39 Million	+0.80%
2022-12-31	CN¥5.53 Billion ≈ $809.89 Million	-1.44%
2021-12-31	CN¥5.62 Billion ≈ $821.71 Million	+14.23%
2020-12-31	CN¥4.92 Billion ≈ $719.36 Million	+8.57%
2019-12-31	CN¥4.53 Billion ≈ $662.56 Million	+3.90%
2018-12-31	CN¥4.36 Billion ≈ $637.66 Million	+9.52%
2017-12-31	CN¥3.98 Billion ≈ $582.25 Million	+18.56%
2016-12-31	CN¥3.36 Billion ≈ $491.12 Million	+11.50%
2015-12-31	CN¥3.01 Billion ≈ $440.47 Million	+0.07%
2014-12-31	CN¥3.01 Billion ≈ $440.16 Million	+0.99%
2013-12-31	CN¥2.98 Billion ≈ $435.84 Million	+0.18%
2012-12-31	CN¥2.97 Billion ≈ $435.03 Million	+0.40%
2011-12-31	CN¥2.96 Billion ≈ $433.31 Million	+54.06%
2010-12-31	CN¥1.92 Billion ≈ $281.27 Million	+7.64%
2009-12-31	CN¥1.79 Billion ≈ $261.31 Million	+4.21%
2008-12-31	CN¥1.71 Billion ≈ $250.75 Million	-11.48%
2007-12-31	CN¥1.94 Billion ≈ $283.25 Million	+186.20%
2006-12-31	CN¥676.34 Million ≈ $98.97 Million	+102.35%
2005-12-31	CN¥334.24 Million ≈ $48.91 Million	-6.85%
2004-12-31	CN¥358.81 Million ≈ $52.51 Million	+20.56%
2003-12-31	CN¥297.62 Million ≈ $43.55 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Zhejiang Jingxing Paper Joint Stock 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 3570.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥2.33 Billion	40.04%
Common Stock	CN¥1.25 Billion	21.50%
Other Components	CN¥2.24 Billion	38.46%
Total Equity	CN¥5.83 Billion	100.00%

Zhejiang Jingxing Paper Joint Stock Co Ltd Competitors by Market Cap

The table below lists competitors of Zhejiang Jingxing Paper Joint Stock Co Ltd ranked by their market capitalization.

Company	Market Cap
Neuberger Berman Next Generation Connectivity Fund Inc NYSE:NBXG	$1.06 Billion
Nazara Technologies Limited NSE:NAZARA	$1.06 Billion
Trupanion Inc NASDAQ:TRUP	$1.06 Billion
First Mid Illinois Bancshares Inc NASDAQ:FMBH	$1.06 Billion
L&C Bio Co. Ltd KQ:290650	$1.05 Billion
Alvotech IC:ALVO	$1.05 Billion
Whirlpool China Co Ltd SHG:600983	$1.05 Billion
Nanjing Red Sun Co Ltd SHE:000525	$1.05 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zhejiang Jingxing Paper Joint Stock Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 5,573,730,177 to 5,827,583,687, a change of 253,853,510 (4.6%).
Net income of 71,264,420 contributed positively to equity growth.
Dividend payments of 65,921,017 reduced retained earnings.
Share repurchases of 32,487,876 reduced equity.
Other factors increased equity by 280,997,983.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥71.26 Million	+1.22%
Dividends Paid	CN¥65.92 Million	-1.13%
Share Repurchases	CN¥32.49 Million	-0.56%
Other Changes	CN¥281.00 Million	+4.82%
Total Change	CN¥-	4.55%

Book Value vs Market Value Analysis

This analysis compares Zhejiang Jingxing Paper Joint Stock 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: 1.00x
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 8.52x to 1.00x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	CN¥0.57	CN¥4.89	x
2004-12-31	CN¥0.69	CN¥4.89	x
2005-12-31	CN¥0.77	CN¥4.89	x
2006-12-31	CN¥1.48	CN¥4.89	x
2007-12-31	CN¥3.10	CN¥4.89	x
2008-12-31	CN¥2.15	CN¥4.89	x
2009-12-31	CN¥2.15	CN¥4.89	x
2010-12-31	CN¥2.37	CN¥4.89	x
2011-12-31	CN¥2.96	CN¥4.89	x
2012-12-31	CN¥2.65	CN¥4.89	x
2013-12-31	CN¥2.23	CN¥4.89	x
2014-12-31	CN¥2.56	CN¥4.89	x
2015-12-31	CN¥2.52	CN¥4.89	x
2016-12-31	CN¥2.99	CN¥4.89	x
2017-12-31	CN¥3.50	CN¥4.89	x
2018-12-31	CN¥3.77	CN¥4.89	x
2019-12-31	CN¥3.94	CN¥4.89	x
2020-12-31	CN¥3.97	CN¥4.89	x
2021-12-31	CN¥3.74	CN¥4.89	x
2022-12-31	CN¥3.72	CN¥4.89	x
2023-12-31	CN¥3.65	CN¥4.89	x
2024-12-31	CN¥4.91	CN¥4.89	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zhejiang Jingxing Paper Joint Stock 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): 1.22%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.30%
• Asset Turnover: 0.63x
• Equity Multiplier: 1.50x
Recent ROE (1.22%) is below the historical average (5.73%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	17.90%	5.72%	0.79x	3.95x	CN¥18.77 Million
2004	16.67%	5.58%	0.80x	3.75x	CN¥19.04 Million
2005	17.71%	5.94%	0.88x	3.40x	CN¥24.66 Million
2006	8.79%	5.95%	0.59x	2.52x	CN¥-8.00 Million
2007	4.36%	7.30%	0.31x	1.93x	CN¥-106.91 Million
2008	-12.34%	-10.13%	0.51x	2.37x	CN¥-376.70 Million
2009	1.86%	1.65%	0.51x	2.21x	CN¥-139.35 Million
2010	6.74%	4.71%	0.60x	2.39x	CN¥-59.91 Million
2011	4.39%	3.63%	0.63x	1.91x	CN¥-160.20 Million
2012	0.52%	0.48%	0.60x	1.82x	CN¥-271.98 Million
2013	0.45%	0.43%	0.58x	1.80x	CN¥-275.36 Million
2014	0.39%	0.39%	0.50x	1.99x	CN¥-280.65 Million
2015	0.40%	0.39%	0.52x	1.95x	CN¥-281.58 Million
2016	9.71%	8.66%	0.65x	1.73x	CN¥-9.37 Million
2017	16.55%	11.91%	0.85x	1.63x	CN¥252.58 Million
2018	7.96%	5.65%	0.93x	1.51x	CN¥-85.97 Million
2019	4.32%	3.59%	0.93x	1.30x	CN¥-248.15 Million
2020	6.55%	6.40%	0.67x	1.53x	CN¥-164.22 Million
2021	8.12%	7.09%	0.78x	1.46x	CN¥-102.30 Million
2022	2.13%	1.89%	0.78x	1.44x	CN¥-435.57 Million
2023	1.64%	1.68%	0.67x	1.47x	CN¥-465.80 Million
2024	1.22%	1.30%	0.63x	1.50x	CN¥-511.49 Million

Industry Comparison

This section compares Zhejiang Jingxing Paper Joint Stock Co Ltd's net assets metrics with peer companies in the Paper & Paper Products industry.

Industry Context

Industry: Paper & Paper Products
Average net assets among peers: $4,889,844,156
Average return on equity (ROE) among peers: -0.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zhejiang Jingxing Paper Joint Stock Co Ltd (002067)	CN¥6.48 Billion	17.90%	0.39x	$1.06 Billion
Shandong Chenming Paper Holdings Ltd (000488)	$4.32 Billion	8.80%	1.01x	$641.87 Million
MCC Meili Paper Industry Co Ltd (000815)	$661.91 Million	-28.67%	4.90x	$1.94 Billion
Zhejiang Kan Specialities Material Co Ltd (002012)	$1.34 Billion	1.86%	0.39x	$457.79 Million
Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078)	$16.24 Billion	12.03%	1.21x	$6.02 Billion
Xiamen Anne Corp Ltd (002235)	$359.35 Million	-25.61%	0.71x	$949.87 Million
Qifeng New Material Co Ltd (002521)	$3.40 Billion	4.17%	0.24x	$684.32 Million
Shandong Chenming Paper Holdings Ltd Class B (200488)	$15.26 Billion	7.62%	1.30x	$76.65 Million
Cre8 Direct Ningbo Co Ltd (300703)	$952.34 Million	11.33%	1.00x	$473.30 Million
Fujian Qingshan Paper Industry Co Ltd (600103)	$1.47 Billion	7.51%	0.40x	$1.46 Billion

About Zhejiang Jingxing Paper Joint Stock Co Ltd

SHE:002067 China Paper & Paper Products

Market Cap

$1.06 Billion

CN¥7.21 Billion CNY

Market Cap Rank

#8871 Global

#2347 in China

Share Price

CN¥4.89

Change (1 day)

-0.41%

52-Week Range

CN¥3.48 - CN¥7.16

All Time High

CN¥14.07