Jiangsu Changfa Refrigeration Co Ltd Net Assets
Jiangsu Changfa Refrigeration Co Ltd net assets. Based on the latest financial reports, Jiangsu Changfa Refrigeration Co Ltd (002413) has net assets worth CN¥3.31 Billion CNY (≈ $484.76 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.19 Billion ≈ $759.46 Million USD) and total liabilities (CN¥1.88 Billion ≈ $274.70 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 Jiangsu Changfa Refrigeration Co Ltd net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.31 Billion |
| % of Total Assets | 63.83% |
| Annual Growth Rate | 17.38% |
| 5-Year Change | -33.68% |
| 10-Year Change | -5.9% |
| Growth Volatility | 50.33 |
Net Assets of Jiangsu Changfa Refrigeration Co Ltd (2006–2025)
Net assets of Jiangsu Changfa Refrigeration Co Ltd from 2006 to 2025. This chart illustrates how Jiangsu Changfa Refrigeration Co Ltd's net assets have evolved over time, based on quarterly financial data. See Jiangsu Changfa Refrigeration Co Ltd balance sheet quality to measure how much of total assets are equity-financed.
Annual Net Assets for Jiangsu Changfa Refrigeration Co Ltd (2006–2025)
The table below shows the annual net assets of Jiangsu Changfa Refrigeration Co Ltd from 2006 to 2025. For live market cap and overall valuation, see Jiangsu Changfa Refrigeration Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.29 Billion ≈ $481.43 Million |
-5.32% |
| 2024-12-31 | CN¥3.47 Billion ≈ $508.50 Million |
-9.92% |
| 2023-12-31 | CN¥3.86 Billion ≈ $564.48 Million |
-8.62% |
| 2022-12-31 | CN¥4.22 Billion ≈ $617.73 Million |
-14.90% |
| 2021-12-31 | CN¥4.96 Billion ≈ $725.88 Million |
+21.93% |
| 2020-12-31 | CN¥4.07 Billion ≈ $595.31 Million |
+10.18% |
| 2019-12-31 | CN¥3.69 Billion ≈ $540.33 Million |
-8.14% |
| 2018-12-31 | CN¥4.02 Billion ≈ $588.18 Million |
+9.20% |
| 2017-12-31 | CN¥3.68 Billion ≈ $538.60 Million |
+5.28% |
| 2016-12-31 | CN¥3.50 Billion ≈ $511.59 Million |
+64.42% |
| 2015-12-31 | CN¥2.13 Billion ≈ $311.15 Million |
+76.39% |
| 2014-12-31 | CN¥1.21 Billion ≈ $176.40 Million |
+0.83% |
| 2013-12-31 | CN¥1.20 Billion ≈ $174.95 Million |
+0.30% |
| 2012-12-31 | CN¥1.19 Billion ≈ $174.42 Million |
+2.66% |
| 2011-12-31 | CN¥1.16 Billion ≈ $169.91 Million |
+7.06% |
| 2010-12-31 | CN¥1.08 Billion ≈ $158.70 Million |
+208.42% |
| 2009-12-31 | CN¥351.64 Million ≈ $51.46 Million |
+28.66% |
| 2008-12-31 | CN¥273.32 Million ≈ $40.00 Million |
+9.35% |
| 2007-12-31 | CN¥249.95 Million ≈ $36.58 Million |
+59.64% |
| 2006-12-31 | CN¥156.57 Million ≈ $22.91 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Changfa Refrigeration 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 decreased by 3128.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Jiangsu Changfa Refrigeration Co Ltd Net Assets Breakdown (December 2025)
Jiangsu Changfa Refrigeration Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥4.32 Billion | 131.28% |
| Total Equity | CN¥3.29 Billion | 100.00% |
Jiangsu Changfa Refrigeration Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Changfa Refrigeration Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jinan Acetate Chemical Co Ltd
TW:4763
|
$1.35 Billion |
|
Lotte Energy Materials Corporation
KO:020150
|
$1.35 Billion |
|
East Group Co Ltd
SHE:300376
|
$1.35 Billion |
|
WIN Semiconductors
TWO:3105
|
$1.35 Billion |
|
Beijing Bei Mo Gao Ke Friction Mate
SHE:002985
|
$1.35 Billion |
|
CONSUN PHARMAC.GR.HD -10
F:C1P
|
$1.35 Billion |
|
Risen Energy
SHE:300118
|
$1.35 Billion |
|
Shanxi Lanhua Sci-Tech Venture Co Ltd
SHG:600123
|
$1.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Changfa Refrigeration Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,441,247,020 to 3,291,064,812, a change of -150,182,208 (-4.4%).
- Net loss of 86,770,944 reduced equity.
- Dividend payments of 4,476,544 reduced retained earnings.
- Other comprehensive income decreased equity by 423,810,872.
- Other factors increased equity by 364,876,151.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-86.77 Million | -2.64% |
| Dividends Paid | CN¥4.48 Million | -0.14% |
| Other Comprehensive Income | CN¥-423.81 Million | -12.88% |
| Other Changes | CN¥364.88 Million | +11.09% |
| Total Change | CN¥- | -4.36% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Changfa Refrigeration 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: 2.79x
- 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 20.25x to 2.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.34 | CN¥6.98 | x |
| 2007-12-31 | CN¥0.55 | CN¥6.98 | x |
| 2008-12-31 | CN¥0.54 | CN¥6.98 | x |
| 2009-12-31 | CN¥0.69 | CN¥6.98 | x |
| 2010-12-31 | CN¥1.77 | CN¥6.98 | x |
| 2011-12-31 | CN¥1.72 | CN¥6.98 | x |
| 2012-12-31 | CN¥1.74 | CN¥6.98 | x |
| 2013-12-31 | CN¥1.81 | CN¥6.98 | x |
| 2014-12-31 | CN¥1.75 | CN¥6.98 | x |
| 2015-12-31 | CN¥2.57 | CN¥6.98 | x |
| 2016-12-31 | CN¥3.28 | CN¥6.98 | x |
| 2017-12-31 | CN¥3.24 | CN¥6.98 | x |
| 2018-12-31 | CN¥3.47 | CN¥6.98 | x |
| 2019-12-31 | CN¥3.43 | CN¥6.98 | x |
| 2020-12-31 | CN¥3.77 | CN¥6.98 | x |
| 2021-12-31 | CN¥3.90 | CN¥6.98 | x |
| 2022-12-31 | CN¥3.12 | CN¥6.98 | x |
| 2023-12-31 | CN¥2.85 | CN¥6.98 | x |
| 2024-12-31 | CN¥2.61 | CN¥6.98 | x |
| 2025-12-31 | CN¥2.50 | CN¥6.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Changfa Refrigeration 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): -2.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.96%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.57x
- Recent ROE (-2.64%) is below the historical average (3.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 19.34% | 3.77% | 1.21x | 4.25x | CN¥14.63 Million |
| 2007 | 20.84% | 4.25% | 1.67x | 2.93x | CN¥27.11 Million |
| 2008 | 13.59% | 3.54% | 1.66x | 2.32x | CN¥9.83 Million |
| 2009 | 18.36% | 6.68% | 1.08x | 2.54x | CN¥29.40 Million |
| 2010 | 7.85% | 5.24% | 0.97x | 1.54x | CN¥-23.36 Million |
| 2011 | 8.26% | 5.52% | 1.07x | 1.39x | CN¥-20.18 Million |
| 2012 | 4.06% | 3.55% | 0.93x | 1.24x | CN¥-70.75 Million |
| 2013 | 2.13% | 1.38% | 1.03x | 1.50x | CN¥-94.04 Million |
| 2014 | 2.77% | 1.54% | 1.35x | 1.33x | CN¥-87.15 Million |
| 2015 | 6.61% | 6.93% | 0.87x | 1.10x | CN¥-72.08 Million |
| 2016 | 3.04% | 19.85% | 0.14x | 1.08x | CN¥-240.61 Million |
| 2017 | 3.39% | 15.98% | 0.19x | 1.13x | CN¥-238.56 Million |
| 2018 | 3.46% | 13.71% | 0.22x | 1.16x | CN¥-257.38 Million |
| 2019 | 3.79% | 12.14% | 0.25x | 1.27x | CN¥-223.73 Million |
| 2020 | 4.24% | 14.18% | 0.21x | 1.44x | CN¥-234.28 Million |
| 2021 | -4.87% | -14.84% | 0.25x | 1.30x | CN¥-735.34 Million |
| 2022 | -22.41% | -68.59% | 0.23x | 1.43x | CN¥-1.35 Billion |
| 2023 | -11.58% | -34.89% | 0.24x | 1.38x | CN¥-825.50 Million |
| 2024 | -11.51% | -31.88% | 0.25x | 1.44x | CN¥-740.16 Million |
| 2025 | -2.64% | -5.96% | 0.28x | 1.57x | CN¥-415.88 Million |
Industry Comparison
This section compares Jiangsu Changfa Refrigeration Co Ltd's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $1,974,477,262
- Average return on equity (ROE) among peers: -1.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Changfa Refrigeration Co Ltd (002413) | CN¥3.31 Billion | 19.34% | 0.57x | $1.35 Billion |
| Beijing BDStar Navigation Co Ltd (002151) | $5.26 Billion | -6.66% | 0.17x | $2.03 Billion |
| Oriental Times Media Corp (002175) | $258.65 Million | 2.09% | 0.47x | $431.58 Million |
| Changchun UP Optotech Co Ltd (002338) | $115.80 Million | 25.31% | 0.81x | $1.23 Billion |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $2.09 Billion | 5.38% | 0.17x | $934.85 Million |
| Beijing UniStrong Science & Technology Co Ltd (002383) | $1.78 Billion | -61.33% | 3.07x | $704.20 Million |
| Wuhan Guide Infrared Co Ltd (002414) | $6.32 Billion | -7.07% | 0.46x | $6.25 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $726.11 Million | 9.95% | 0.28x | $692.98 Million |
| Beijing SDL Technology Co Ltd (002658) | $257.76 Million | 13.37% | 0.41x | $627.03 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $963.36 Million | 6.77% | 0.53x | $507.06 Million |
About Jiangsu Changfa Refrigeration Co Ltd
Beijing LeiKe Defense Technology Co., Ltd. researches, develops, manufactures, and sells radar systems, satellite applications, intelligent control, secure storage, and intelligent connected products. The company offers radar systems, which includes remote sensing radar, area surveillance radar, safety monitoring radar, car radar, signa processing and radar simulation and verification series; int… Read more