Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) - Net Assets
Based on the latest financial reports, Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) has net assets worth CN¥6.70 Billion CNY (≈ $981.08 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¥9.12 Billion ≈ $1.33 Billion USD) and total liabilities (CN¥2.41 Billion ≈ $352.77 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 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.70 Billion |
| % of Total Assets | 73.55% |
| Annual Growth Rate | 15.19% |
| 5-Year Change | 18.99% |
| 10-Year Change | 99.09% |
| Growth Volatility | 43.12 |
Zhejiang Jingxing Paper Joint Stock Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Zhejiang Jingxing Paper Joint Stock Co Ltd's net assets have evolved over time, based on quarterly financial data. See Zhejiang Jingxing Paper Joint Stock Co L defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang Jingxing Paper Joint Stock Co Ltd (2003–2025)
The table below shows the annual net assets of Zhejiang Jingxing Paper Joint Stock Co Ltd from 2003 to 2025. For live valuation and market cap data, see 002067 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥6.68 Billion ≈ $977.77 Million |
+14.36% |
| 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 3640.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.38 Billion | 35.69% |
| Other Components | CN¥4.29 Billion | 64.31% |
| Total Equity | CN¥6.66 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 |
|---|---|
|
Stevanato Group SpA
NYSE:STVN
|
$871.91 Million |
|
Pan-International Industrial Corp
TW:2328
|
$872.06 Million |
|
Unionman Technology Co. Ltd. A
SHG:688609
|
$872.14 Million |
|
Mingyue Optical Lens Co.Ltd.
SHE:301101
|
$872.54 Million |
|
Seaport Therapeutics, Inc. Common Stock
NASDAQ:SPTX
|
$871.78 Million |
|
Barings BDC Inc
NYSE:BBDC
|
$871.77 Million |
|
Southside Bancshares, Inc.
NASDAQ:SBSI
|
$871.72 Million |
|
DoubleU Games Co Ltd
KO:192080
|
$871.49 Million |
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 2024 to 2025, total equity changed from 5,827,583,687 to 6,662,941,918, a change of 835,358,231 (14.3%).
- Net income of 55,458,069 contributed positively to equity growth.
- Dividend payments of 49,950,551 reduced retained earnings.
- Other factors increased equity by 829,850,713.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥55.46 Million | +0.83% |
| Dividends Paid | CN¥49.95 Million | -0.75% |
| Other Changes | CN¥829.85 Million | +12.45% |
| Total Change | CN¥- | 14.33% |
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: 0.89x
- 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 7.04x to 0.89x 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¥4.04 | x |
| 2004-12-31 | CN¥0.69 | CN¥4.04 | x |
| 2005-12-31 | CN¥0.77 | CN¥4.04 | x |
| 2006-12-31 | CN¥1.48 | CN¥4.04 | x |
| 2007-12-31 | CN¥3.10 | CN¥4.04 | x |
| 2008-12-31 | CN¥2.15 | CN¥4.04 | x |
| 2009-12-31 | CN¥2.15 | CN¥4.04 | x |
| 2010-12-31 | CN¥2.37 | CN¥4.04 | x |
| 2011-12-31 | CN¥2.96 | CN¥4.04 | x |
| 2012-12-31 | CN¥2.65 | CN¥4.04 | x |
| 2013-12-31 | CN¥2.23 | CN¥4.04 | x |
| 2014-12-31 | CN¥2.56 | CN¥4.04 | x |
| 2015-12-31 | CN¥2.52 | CN¥4.04 | x |
| 2016-12-31 | CN¥2.99 | CN¥4.04 | x |
| 2017-12-31 | CN¥3.50 | CN¥4.04 | x |
| 2018-12-31 | CN¥3.77 | CN¥4.04 | x |
| 2019-12-31 | CN¥3.94 | CN¥4.04 | x |
| 2020-12-31 | CN¥3.97 | CN¥4.04 | x |
| 2021-12-31 | CN¥3.74 | CN¥4.04 | x |
| 2022-12-31 | CN¥3.72 | CN¥4.04 | x |
| 2023-12-31 | CN¥3.65 | CN¥4.04 | x |
| 2024-12-31 | CN¥4.91 | CN¥4.04 | x |
| 2025-12-31 | CN¥4.52 | CN¥4.04 | 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): 0.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.92%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.36x
- Recent ROE (0.83%) is below the historical average (5.52%), 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 |
| 2025 | 0.83% | 0.92% | 0.66x | 1.36x | CN¥-610.84 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: $6,356,636,669
- Average return on equity (ROE) among peers: 13.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Jingxing Paper Joint Stock Co Ltd (002067) | CN¥6.70 Billion | 17.90% | 0.36x | $871.90 Million |
| Shandong Chenming Paper Holdings Ltd (000488) | $30.27 Billion | 12.45% | 2.49x | $519.49 Million |
| MCC Meili Paper Industry Co Ltd (000815) | $581.69 Million | 7.14% | 1.65x | $1.74 Billion |
| Zhejiang Kan Specialities Material Co Ltd (002012) | $542.88 Million | 19.49% | 1.20x | $489.95 Million |
| Shan Dong Sun Paper Industry Joint Stock Co Ltd (002078) | $5.52 Billion | 5.15% | 1.88x | $5.12 Billion |
| Xiamen Anne Corp Ltd (002235) | $148.65 Million | 30.39% | 0.99x | $703.07 Million |
| Qifeng New Material Co Ltd (002521) | $3.42 Billion | 4.70% | 0.31x | $563.03 Million |
| Shandong Chenming Paper Holdings Ltd Class B (200488) | $14.35 Billion | 3.52% | 2.96x | $51.40 Million |
| Cre8 Direct Ningbo Co Ltd (300703) | $189.64 Million | 39.85% | 1.49x | $374.31 Million |
| Fujian Qingshan Paper Industry Co Ltd (600103) | $2.19 Billion | 1.71% | 0.45x | $1.14 Billion |
About Zhejiang Jingxing Paper Joint Stock Co Ltd
Zhejiang Jingxing Paper Joint Stock Co., Ltd. engages in the production and sale of paper products in China and internationally. The company offers kraft liner boards, white top linerboards, bobbin base papers, corrugated base papers, virgin pulp thissue paper, recycled tissue paper, corrugated cardboards, paper boxes, and other specialty papers. It also offers household paper products under the … Read more