Jiangxi Black Cat Carbon Black (002068) - Net Assets

Latest as of March 2026: CN¥2.46 Billion CNY ≈ $360.64 Million USD

Based on the latest financial reports, Jiangxi Black Cat Carbon Black (002068) has net assets worth CN¥2.46 Billion CNY (≈ $360.64 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¥8.36 Billion ≈ $1.22 Billion USD) and total liabilities (CN¥5.90 Billion ≈ $862.79 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. Also explore Jiangxi Black Cat Carbon Black (002068) total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.46 Billion
% of Total Assets	29.48%
Annual Growth Rate	13.36%
5-Year Change	-24.52%
10-Year Change	16.98%
Growth Volatility	33.32

Jiangxi Black Cat Carbon Black - Net Assets Trend (2003–2025)

This chart illustrates how Jiangxi Black Cat Carbon Black's net assets have evolved over time, based on quarterly financial data. Check 002068 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Jiangxi Black Cat Carbon Black (2003–2025)

The table below shows the annual net assets of Jiangxi Black Cat Carbon Black from 2003 to 2025. For live valuation and market cap data, see market cap of Jiangxi Black Cat Carbon Black.

Year	Net Assets	Change
2025-12-31	CN¥2.56 Billion ≈ $375.31 Million	-17.59%
2024-12-31	CN¥3.11 Billion ≈ $455.44 Million	-1.82%
2023-12-31	CN¥3.17 Billion ≈ $463.90 Million	-7.69%
2022-12-31	CN¥3.43 Billion ≈ $502.53 Million	+1.07%
2021-12-31	CN¥3.40 Billion ≈ $497.20 Million	+10.20%
2020-12-31	CN¥3.08 Billion ≈ $451.19 Million	+3.31%
2019-12-31	CN¥2.98 Billion ≈ $436.74 Million	-15.53%
2018-12-31	CN¥3.53 Billion ≈ $517.01 Million	+5.66%
2017-12-31	CN¥3.34 Billion ≈ $489.30 Million	+52.51%
2016-12-31	CN¥2.19 Billion ≈ $320.82 Million	+5.74%
2015-12-31	CN¥2.07 Billion ≈ $303.42 Million	+38.36%
2014-12-31	CN¥1.50 Billion ≈ $219.29 Million	+7.30%
2013-12-31	CN¥1.40 Billion ≈ $204.38 Million	-2.10%
2012-12-31	CN¥1.43 Billion ≈ $208.75 Million	+6.63%
2011-12-31	CN¥1.34 Billion ≈ $195.77 Million	+92.67%
2010-12-31	CN¥694.36 Million ≈ $101.61 Million	+9.16%
2009-12-31	CN¥636.07 Million ≈ $93.08 Million	+15.61%
2008-12-31	CN¥550.17 Million ≈ $80.51 Million	-5.37%
2007-12-31	CN¥581.36 Million ≈ $85.07 Million	+13.95%
2006-12-31	CN¥510.19 Million ≈ $74.66 Million	+125.14%
2005-12-31	CN¥226.61 Million ≈ $33.16 Million	+8.84%
2004-12-31	CN¥208.21 Million ≈ $30.47 Million	+28.11%
2003-12-31	CN¥162.53 Million ≈ $23.78 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 323.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥189.02 Million	7.79%
Other Components	CN¥2.24 Billion	92.21%
Total Equity	CN¥2.43 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
Lontium Semiconductor Corp. A SHG:688486	$824.30 Million
Festi hf IC:FESTI	$824.37 Million
SMU S.A SN:SMU	$824.99 Million
Suzhou Jinfu New Material Co SHE:300128	$825.04 Million
Kri-Kri Milk Industry S.A AT:KRI	$824.15 Million
Cresud SA BA:CRES	$824.05 Million
Bangkok Chain Hospital Public Company Limited BK:BCH	$823.92 Million
Bain Capital Specialty Finance Inc NYSE:BCSF	$823.83 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 2024 to 2025, total equity changed from 2,975,537,541 to 2,426,552,814, a change of -548,984,727 (-18.4%).
Net loss of 463,341,846 reduced equity.
Dividend payments of 91,385,009 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-463.34 Million	-19.09%
Dividends Paid	CN¥91.39 Million	-3.77%
Other Changes	CN¥5.74 Million	+0.24%
Total Change	CN¥-	-18.45%

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: 2.32x
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 14.91x to 2.32x 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¥7.66	x
2004-12-31	CN¥0.64	CN¥7.66	x
2005-12-31	CN¥0.73	CN¥7.66	x
2006-12-31	CN¥1.35	CN¥7.66	x
2007-12-31	CN¥1.23	CN¥7.66	x
2008-12-31	CN¥1.55	CN¥7.66	x
2009-12-31	CN¥1.74	CN¥7.66	x
2010-12-31	CN¥1.19	CN¥7.66	x
2011-12-31	CN¥2.20	CN¥7.66	x
2012-12-31	CN¥2.74	CN¥7.66	x
2013-12-31	CN¥2.50	CN¥7.66	x
2014-12-31	CN¥2.86	CN¥7.66	x
2015-12-31	CN¥3.75	CN¥7.66	x
2016-12-31	CN¥3.46	CN¥7.66	x
2017-12-31	CN¥4.83	CN¥7.66	x
2018-12-31	CN¥4.63	CN¥7.66	x
2019-12-31	CN¥3.96	CN¥7.66	x
2020-12-31	CN¥4.11	CN¥7.66	x
2021-12-31	CN¥4.31	CN¥7.66	x
2022-12-31	CN¥4.39	CN¥7.66	x
2023-12-31	CN¥4.11	CN¥7.66	x
2024-12-31	CN¥4.04	CN¥7.66	x
2025-12-31	CN¥3.30	CN¥7.66	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): -19.09%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -5.33%
• Asset Turnover: 1.11x
• Equity Multiplier: 3.24x
Recent ROE (-19.09%) is below the historical average (6.34%), 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
2025	-19.09%	-5.33%	1.11x	3.24x	CN¥-706.00 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: $4,467,414,031
Average return on equity (ROE) among peers: 6.38%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jiangxi Black Cat Carbon Black (002068)	CN¥2.46 Billion	19.93%	2.39x	$824.25 Million
Chongqing Sanxia Paints Co Ltd (000565)	$434.55 Million	5.54%	1.90x	$379.42 Million
Hengyi Petrochemical Co Ltd (000703)	$227.09 Million	-11.79%	1.45x	$8.54 Billion
Guangdong Xinhui Meida Nylon Co Ltd (000782)	$1.02 Billion	3.20%	1.25x	$672.13 Million
Luxi Chemical Group Co Ltd (000830)	$10.99 Billion	27.93%	1.53x	$3.65 Billion
China Minmetals Rare Earth Co Ltd (000831)	$5.03 Billion	8.31%	0.10x	$7.58 Billion
Anhui Guofeng Plastic Industry Co Ltd (000859)	$132.45 Million	36.26%	2.06x	$1.08 Billion
Cofco Biochemical Anhui Co Ltd (000930)	$10.85 Billion	-5.54%	0.53x	$1.31 Billion
Shandong Link Science and Technology Co Ltd (001207)	$441.43 Million	14.99%	1.14x	$693.32 Million
Zhejiang Transfar Co Ltd (002010)	$11.78 Billion	5.78%	0.45x	$2.03 Billion
Poly Union Chemical Holding Group Co Ltd (002037)	$3.77 Billion	-20.83%	3.31x	$483.61 Million

About Jiangxi Black Cat Carbon Black

SHE:002068 China Specialty Chemicals

Market Cap

$824.25 Million

CN¥5.63 Billion CNY

Market Cap Rank

#9658 Global

#2443 in China

Share Price

CN¥7.66

Change (1 day)

+0.26%

52-Week Range

CN¥7.30 - CN¥15.31

All Time High

CN¥22.90