Jiangxi Black Cat Carbon Black
Jiangxi Black Cat Carbon Black Inc.,Ltd, together with its subsidiaries, manufactures and sells carbon black products in China. It operates through Carbon Black, Tar Refining, and Other divisions. The company offers carbon black for rubber, special carbon black, green carbon black, precipitated and fumed silica, and chemical products; and tar refining and white carbon black products. It is also i… Read more
Jiangxi Black Cat Carbon Black (002068) - Net Assets
Latest net assets as of September 2025: CN¥2.81 Billion CNY
Based on the latest financial reports, Jiangxi Black Cat Carbon Black (002068) has net assets worth CN¥2.81 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.39 Billion) and total liabilities (CN¥5.58 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.81 Billion |
| % of Total Assets | 33.48% |
| Annual Growth Rate | 15.09% |
| 5-Year Change | 0.94% |
| 10-Year Change | 50.1% |
| Growth Volatility | 33.22 |
Jiangxi Black Cat Carbon Black - Net Assets Trend (2003–2024)
This chart illustrates how Jiangxi Black Cat Carbon Black's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jiangxi Black Cat Carbon Black (2003–2024)
The table below shows the annual net assets of Jiangxi Black Cat Carbon Black from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.11 Billion | -1.82% |
| 2023-12-31 | CN¥3.17 Billion | -7.69% |
| 2022-12-31 | CN¥3.43 Billion | +1.07% |
| 2021-12-31 | CN¥3.40 Billion | +10.20% |
| 2020-12-31 | CN¥3.08 Billion | +3.31% |
| 2019-12-31 | CN¥2.98 Billion | -15.53% |
| 2018-12-31 | CN¥3.53 Billion | +5.66% |
| 2017-12-31 | CN¥3.34 Billion | +52.51% |
| 2016-12-31 | CN¥2.19 Billion | +5.74% |
| 2015-12-31 | CN¥2.07 Billion | +38.36% |
| 2014-12-31 | CN¥1.50 Billion | +7.30% |
| 2013-12-31 | CN¥1.40 Billion | -2.10% |
| 2012-12-31 | CN¥1.43 Billion | +6.63% |
| 2011-12-31 | CN¥1.34 Billion | +92.67% |
| 2010-12-31 | CN¥694.36 Million | +9.16% |
| 2009-12-31 | CN¥636.07 Million | +15.61% |
| 2008-12-31 | CN¥550.17 Million | -5.37% |
| 2007-12-31 | CN¥581.36 Million | +13.95% |
| 2006-12-31 | CN¥510.19 Million | +125.14% |
| 2005-12-31 | CN¥226.61 Million | +8.84% |
| 2004-12-31 | CN¥208.21 Million | +28.11% |
| 2003-12-31 | CN¥162.53 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangxi Black Cat Carbon Black'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 1362.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥652.36 Million | 21.92% |
| Common Stock | CN¥735.35 Million | 24.71% |
| Other Components | CN¥1.59 Billion | 53.36% |
| Total Equity | CN¥2.98 Billion | 100.00% |
Jiangxi Black Cat Carbon Black Competitors by Market Cap
The table below lists competitors of Jiangxi Black Cat Carbon Black ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nuh Cimento Sanayi AS
IS:NUHCM
|
$494.25 Million |
|
Idaho Strategic Resources Inc
NYSE MKT:IDR
|
$494.30 Million |
|
Dalian Insulator Group Co Ltd
SHE:002606
|
$494.38 Million |
|
MOLSON COORS CDA EXCH.B
F:65K
|
$494.44 Million |
|
Sun Create Electronics Co., Ltd
SHG:600990
|
$493.99 Million |
|
Shenyu Communication Technology Inc
SHE:300563
|
$493.98 Million |
|
SunCoke Energy Inc
NYSE:SXC
|
$493.97 Million |
|
PT Ace Hardware Indonesia Tbk
PINK:PHDWY
|
$493.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangxi Black Cat Carbon Black's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,019,524,292 to 2,975,537,541, a change of -43,986,751 (-1.5%).
- Net income of 25,134,716 contributed positively to equity growth.
- Dividend payments of 96,600,715 reduced retained earnings.
- Share repurchases of 65,380,218 reduced equity.
- Other factors increased equity by 92,859,466.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥25.13 Million | +0.84% |
| Dividends Paid | CN¥96.60 Million | -3.25% |
| Share Repurchases | CN¥65.38 Million | -2.2% |
| Other Changes | CN¥92.86 Million | +3.12% |
| Total Change | CN¥- | -1.46% |
Book Value vs Market Value Analysis
This analysis compares Jiangxi Black Cat Carbon Black'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: 2.42x
- 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 19.01x to 2.42x 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¥0.51 | CN¥9.77 | x |
| 2004-12-31 | CN¥0.64 | CN¥9.77 | x |
| 2005-12-31 | CN¥0.73 | CN¥9.77 | x |
| 2006-12-31 | CN¥1.35 | CN¥9.77 | x |
| 2007-12-31 | CN¥1.23 | CN¥9.77 | x |
| 2008-12-31 | CN¥1.55 | CN¥9.77 | x |
| 2009-12-31 | CN¥1.74 | CN¥9.77 | x |
| 2010-12-31 | CN¥1.19 | CN¥9.77 | x |
| 2011-12-31 | CN¥2.20 | CN¥9.77 | x |
| 2012-12-31 | CN¥2.47 | CN¥9.77 | x |
| 2013-12-31 | CN¥2.25 | CN¥9.77 | x |
| 2014-12-31 | CN¥2.86 | CN¥9.77 | x |
| 2015-12-31 | CN¥3.75 | CN¥9.77 | x |
| 2016-12-31 | CN¥3.46 | CN¥9.77 | x |
| 2017-12-31 | CN¥4.83 | CN¥9.77 | x |
| 2018-12-31 | CN¥4.63 | CN¥9.77 | x |
| 2019-12-31 | CN¥3.96 | CN¥9.77 | x |
| 2020-12-31 | CN¥4.11 | CN¥9.77 | x |
| 2021-12-31 | CN¥4.31 | CN¥9.77 | x |
| 2022-12-31 | CN¥4.47 | CN¥9.77 | x |
| 2023-12-31 | CN¥4.11 | CN¥9.77 | x |
| 2024-12-31 | CN¥4.04 | CN¥9.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangxi Black Cat Carbon Black 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): 0.84%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.25%
- • Asset Turnover: 1.22x
- • Equity Multiplier: 2.79x
- Recent ROE (0.84%) is below the historical average (7.50%), 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 | 19.93% | 11.25% | 0.44x | 3.99x | CN¥13.21 Million |
| 2004 | 18.94% | 7.49% | 0.58x | 4.34x | CN¥14.73 Million |
| 2005 | 16.34% | 5.06% | 0.70x | 4.63x | CN¥11.97 Million |
| 2006 | 12.90% | 5.42% | 0.82x | 2.90x | CN¥12.82 Million |
| 2007 | 14.66% | 5.34% | 0.90x | 3.06x | CN¥23.46 Million |
| 2008 | 0.56% | 0.16% | 1.01x | 3.41x | CN¥-48.62 Million |
| 2009 | 13.28% | 4.24% | 0.82x | 3.81x | CN¥19.52 Million |
| 2010 | 8.35% | 1.77% | 1.01x | 4.65x | CN¥-10.58 Million |
| 2011 | 10.64% | 3.27% | 0.93x | 3.48x | CN¥7.78 Million |
| 2012 | 7.86% | 2.22% | 0.91x | 3.92x | CN¥-28.03 Million |
| 2013 | 2.00% | 0.43% | 0.86x | 5.39x | CN¥-102.82 Million |
| 2014 | 6.99% | 1.57% | 0.91x | 4.91x | CN¥-41.58 Million |
| 2015 | 0.80% | 0.33% | 0.76x | 3.23x | CN¥-179.77 Million |
| 2016 | 4.62% | 2.15% | 0.71x | 3.03x | CN¥-109.65 Million |
| 2017 | 15.14% | 6.92% | 0.93x | 2.35x | CN¥163.28 Million |
| 2018 | 11.93% | 5.08% | 1.10x | 2.12x | CN¥64.80 Million |
| 2019 | -9.61% | -4.22% | 0.91x | 2.50x | CN¥-563.99 Million |
| 2020 | 3.24% | 1.74% | 0.80x | 2.32x | CN¥-202.37 Million |
| 2021 | 13.26% | 5.44% | 1.12x | 2.18x | CN¥105.98 Million |
| 2022 | 0.27% | 0.09% | 1.18x | 2.56x | CN¥-319.02 Million |
| 2023 | -8.05% | -2.57% | 1.19x | 2.63x | CN¥-544.90 Million |
| 2024 | 0.84% | 0.25% | 1.22x | 2.79x | CN¥-272.42 Million |
Industry Comparison
This section compares Jiangxi Black Cat Carbon Black's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangxi Black Cat Carbon Black (002068) | CN¥2.81 Billion | 19.93% | 1.99x | $494.03 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |