North Chemical Industries Co Ltd (002246) - Net Assets
Based on the latest financial reports, North Chemical Industries Co Ltd (002246) has net assets worth CN¥3.16 Billion CNY (≈ $463.09 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¥4.91 Billion ≈ $718.58 Million USD) and total liabilities (CN¥1.75 Billion ≈ $255.49 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 002246 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.16 Billion |
| % of Total Assets | 64.44% |
| Annual Growth Rate | 15.45% |
| 5-Year Change | 5.68% |
| 10-Year Change | 150.24% |
| Growth Volatility | 39.81 |
North Chemical Industries Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how North Chemical Industries Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore North Chemical Industries Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for North Chemical Industries Co Ltd (2005–2024)
The table below shows the annual net assets of North Chemical Industries Co Ltd from 2005 to 2024. For live valuation and market cap data, see North Chemical Industries Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.00 Billion ≈ $438.82 Million |
-1.91% |
| 2023-12-31 | CN¥3.06 Billion ≈ $447.38 Million |
+0.74% |
| 2022-12-31 | CN¥3.03 Billion ≈ $444.11 Million |
+4.31% |
| 2021-12-31 | CN¥2.91 Billion ≈ $425.76 Million |
+2.54% |
| 2020-12-31 | CN¥2.84 Billion ≈ $415.21 Million |
+3.81% |
| 2019-12-31 | CN¥2.73 Billion ≈ $399.97 Million |
+3.88% |
| 2018-12-31 | CN¥2.63 Billion ≈ $385.02 Million |
+5.47% |
| 2017-12-31 | CN¥2.49 Billion ≈ $365.06 Million |
+95.43% |
| 2016-12-31 | CN¥1.28 Billion ≈ $186.80 Million |
+6.52% |
| 2015-12-31 | CN¥1.20 Billion ≈ $175.36 Million |
+3.07% |
| 2014-12-31 | CN¥1.16 Billion ≈ $170.13 Million |
+7.30% |
| 2013-12-31 | CN¥1.08 Billion ≈ $158.56 Million |
+83.82% |
| 2012-12-31 | CN¥589.47 Million ≈ $86.26 Million |
+0.60% |
| 2011-12-31 | CN¥585.98 Million ≈ $85.75 Million |
-3.62% |
| 2010-12-31 | CN¥607.97 Million ≈ $88.97 Million |
+2.19% |
| 2009-12-31 | CN¥594.92 Million ≈ $87.06 Million |
+1.69% |
| 2008-12-31 | CN¥585.00 Million ≈ $85.60 Million |
+143.96% |
| 2007-12-31 | CN¥239.79 Million ≈ $35.09 Million |
-4.04% |
| 2006-12-31 | CN¥249.88 Million ≈ $36.57 Million |
+27.65% |
| 2005-12-31 | CN¥195.76 Million ≈ $28.65 Million |
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Equity Component Analysis
This analysis shows how different components contribute to North Chemical Industries 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 2898.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.07 Billion | 37.93% |
| Common Stock | CN¥549.03 Million | 19.41% |
| Other Comprehensive Income | CN¥525.92 Million | 18.59% |
| Other Components | CN¥681.14 Million | 24.07% |
| Total Equity | CN¥2.83 Billion | 100.00% |
North Chemical Industries Co Ltd Competitors by Market Cap
The table below lists competitors of North Chemical Industries Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
J.Pond Precision Technology Co. Ltd. A
SHE:301326
|
$1.96 Billion |
|
Datang International Power Generation Co. Ltd
F:BJI
|
$1.96 Billion |
|
Digital China Information Service Co Ltd
SHE:000555
|
$1.96 Billion |
|
Aecon Group Inc.
TO:ARE
|
$1.96 Billion |
|
Xintai Ntrl Gas
SHG:603393
|
$1.96 Billion |
|
Guobang Pharma Ltd
SHG:605507
|
$1.96 Billion |
|
OPT Machine Vision Tech Co. Ltd. A
SHG:688686
|
$1.96 Billion |
|
Shenzhen Topband Co Ltd
SHE:002139
|
$1.95 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in North Chemical Industries Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,880,788,595 to 2,829,250,904, a change of -51,537,691 (-1.8%).
- Net loss of 28,305,881 reduced equity.
- Dividend payments of 27,451,740 reduced retained earnings.
- Other comprehensive income increased equity by 518,001,698.
- Other factors decreased equity by 513,781,768.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-28.31 Million | -1.0% |
| Dividends Paid | CN¥27.45 Million | -0.97% |
| Other Comprehensive Income | CN¥518.00 Million | +18.31% |
| Other Changes | CN¥-513.78 Million | -18.16% |
| Total Change | CN¥- | -1.79% |
Book Value vs Market Value Analysis
This analysis compares North Chemical Industries 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: 4.87x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 27.66x to 4.87x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.88 | CN¥24.36 | x |
| 2006-12-31 | CN¥1.11 | CN¥24.36 | x |
| 2007-12-31 | CN¥1.06 | CN¥24.36 | x |
| 2008-12-31 | CN¥2.13 | CN¥24.36 | x |
| 2009-12-31 | CN¥2.06 | CN¥24.36 | x |
| 2010-12-31 | CN¥2.06 | CN¥24.36 | x |
| 2011-12-31 | CN¥1.97 | CN¥24.36 | x |
| 2012-12-31 | CN¥2.00 | CN¥24.36 | x |
| 2013-12-31 | CN¥2.77 | CN¥24.36 | x |
| 2014-12-31 | CN¥2.74 | CN¥24.36 | x |
| 2015-12-31 | CN¥2.73 | CN¥24.36 | x |
| 2016-12-31 | CN¥2.41 | CN¥24.36 | x |
| 2017-12-31 | CN¥4.36 | CN¥24.36 | x |
| 2018-12-31 | CN¥4.48 | CN¥24.36 | x |
| 2019-12-31 | CN¥4.58 | CN¥24.36 | x |
| 2020-12-31 | CN¥4.78 | CN¥24.36 | x |
| 2021-12-31 | CN¥4.96 | CN¥24.36 | x |
| 2022-12-31 | CN¥5.20 | CN¥24.36 | x |
| 2023-12-31 | CN¥5.19 | CN¥24.36 | x |
| 2024-12-31 | CN¥5.00 | CN¥24.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently North Chemical Industries 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): -1.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.45%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.61x
- Recent ROE (-1.00%) is below the historical average (7.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 18.92% | 7.25% | 1.56x | 1.67x | CN¥17.22 Million |
| 2006 | 20.39% | 9.30% | 1.32x | 1.67x | CN¥25.57 Million |
| 2007 | 20.91% | 7.51% | 1.45x | 1.92x | CN¥26.06 Million |
| 2008 | 4.38% | 4.71% | 0.85x | 1.10x | CN¥-32.80 Million |
| 2009 | 3.55% | 3.71% | 0.84x | 1.14x | CN¥-38.29 Million |
| 2010 | 3.57% | 1.61% | 1.76x | 1.26x | CN¥-39.05 Million |
| 2011 | 5.56% | 1.70% | 2.62x | 1.25x | CN¥-25.94 Million |
| 2012 | 9.02% | 2.54% | 2.81x | 1.26x | CN¥-5.73 Million |
| 2013 | 4.69% | 2.41% | 1.20x | 1.62x | CN¥-55.04 Million |
| 2014 | 6.57% | 3.58% | 1.23x | 1.49x | CN¥-38.08 Million |
| 2015 | 4.77% | 3.65% | 0.95x | 1.38x | CN¥-60.27 Million |
| 2016 | 11.22% | 6.28% | 1.33x | 1.34x | CN¥15.01 Million |
| 2017 | 4.82% | 4.97% | 0.63x | 1.55x | CN¥-116.64 Million |
| 2018 | 5.14% | 5.23% | 0.65x | 1.50x | CN¥-117.12 Million |
| 2019 | 5.44% | 5.55% | 0.63x | 1.56x | CN¥-114.71 Million |
| 2020 | 3.43% | 3.82% | 0.56x | 1.60x | CN¥-172.46 Million |
| 2021 | 4.46% | 4.61% | 0.58x | 1.67x | CN¥-150.86 Million |
| 2022 | 3.27% | 3.65% | 0.54x | 1.65x | CN¥-192.15 Million |
| 2023 | 1.93% | 2.57% | 0.47x | 1.59x | CN¥-232.56 Million |
| 2024 | -1.00% | -1.45% | 0.43x | 1.61x | CN¥-311.23 Million |
Industry Comparison
This section compares North Chemical Industries Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $1,178,306,039
- Average return on equity (ROE) among peers: 10.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| North Chemical Industries Co Ltd (002246) | CN¥3.16 Billion | 18.92% | 0.55x | $1.96 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $1.81 Billion | 5.56% | 1.48x | $1.33 Billion |
| Sichuan Chemical Co Ltd (000155) | $505.75 Million | 22.40% | 1.18x | $4.71 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $2.48 Billion | 3.69% | 0.56x | $12.84 Billion |
| Zangge Holding Co Ltd (000408) | $54.34 Million | 16.98% | 1.99x | $20.51 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $610.23 Million | -19.65% | 0.75x | $1.34 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $2.00 Billion | 8.28% | 0.37x | $436.10 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $176.24 Million | 15.53% | 0.23x | $871.02 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $768.33 Million | 5.42% | 4.18x | $470.62 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $423.45 Million | 10.96% | 0.24x | $366.68 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $2.95 Billion | 30.81% | 1.19x | $4.87 Billion |
About North Chemical Industries Co Ltd
North Chemical Industries Co., Ltd. manufactures and sells nitrocellulose products in China. It also provides industrial pumps and valves, gas masks, filter absorbers, and other products. Its nitrocellulose products are used in propellant, nitro paint, ink, celluloid products, adhesives, leather oil, nail polish, etc.; activated carbon and catalyst for use in industrial exhaust and sewage treatme… Read more