Jiangsu Zhongchao Cable Co Ltd (002471) - Net Assets
Based on the latest financial reports, Jiangsu Zhongchao Cable Co Ltd (002471) has net assets worth CN¥1.84 Billion CNY (≈ $268.73 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¥5.41 Billion ≈ $791.53 Million USD) and total liabilities (CN¥3.57 Billion ≈ $522.80 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 Jiangsu Zhongchao Cable Co Ltd (002471) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.84 Billion |
| % of Total Assets | 33.95% |
| Annual Growth Rate | 14.59% |
| 5-Year Change | 29.78% |
| 10-Year Change | -36.21% |
| Growth Volatility | 69.49 |
Jiangsu Zhongchao Cable Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Jiangsu Zhongchao Cable Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002471 market cap overview.
Annual Net Assets for Jiangsu Zhongchao Cable Co Ltd (2007–2025)
The table below shows the annual net assets of Jiangsu Zhongchao Cable Co Ltd from 2007 to 2025. Also explore how fast is Jiangsu Zhongchao Cable Co Ltd growing its equity to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.83 Billion ≈ $268.06 Million |
+4.62% |
| 2024-12-31 | CN¥1.75 Billion ≈ $256.21 Million |
+3.69% |
| 2023-12-31 | CN¥1.69 Billion ≈ $247.11 Million |
+20.32% |
| 2022-12-31 | CN¥1.40 Billion ≈ $205.37 Million |
-0.57% |
| 2021-12-31 | CN¥1.41 Billion ≈ $206.56 Million |
-4.68% |
| 2020-12-31 | CN¥1.48 Billion ≈ $216.70 Million |
-14.16% |
| 2019-12-31 | CN¥1.73 Billion ≈ $252.44 Million |
-29.54% |
| 2018-12-31 | CN¥2.45 Billion ≈ $358.26 Million |
-14.53% |
| 2017-12-31 | CN¥2.86 Billion ≈ $419.16 Million |
-0.25% |
| 2016-12-31 | CN¥2.87 Billion ≈ $420.23 Million |
+6.79% |
| 2015-12-31 | CN¥2.69 Billion ≈ $393.49 Million |
+20.63% |
| 2014-12-31 | CN¥2.23 Billion ≈ $326.19 Million |
+6.29% |
| 2013-12-31 | CN¥2.10 Billion ≈ $306.89 Million |
+9.80% |
| 2012-12-31 | CN¥1.91 Billion ≈ $279.50 Million |
+111.88% |
| 2011-12-31 | CN¥901.47 Million ≈ $131.91 Million |
+6.52% |
| 2010-12-31 | CN¥846.27 Million ≈ $123.84 Million |
+287.23% |
| 2009-12-31 | CN¥218.54 Million ≈ $31.98 Million |
+10.64% |
| 2008-12-31 | CN¥197.52 Million ≈ $28.90 Million |
+25.20% |
| 2007-12-31 | CN¥157.77 Million ≈ $23.09 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Zhongchao Cable 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 709.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥193.52 Million | 10.75% |
| Other Components | CN¥1.61 Billion | 89.25% |
| Total Equity | CN¥1.80 Billion | 100.00% |
Jiangsu Zhongchao Cable Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Zhongchao Cable Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Neuberger Berman Next Generation Connectivity Fund Inc
NYSE:NBXG
|
$1.20 Billion |
|
FuelCell Energy Inc
NASDAQ:FCEL
|
$1.20 Billion |
|
Paras Defence and Space Technologies Limited
NSE:PARAS
|
$1.20 Billion |
|
Ladder Capital Corp Class A
NYSE:LADR
|
$1.20 Billion |
|
Labrador Iron Ore Royalty Corp
TO:LIF
|
$1.19 Billion |
|
Ningbo Sunrise Elc Technology Co Ltd Class A
SHE:002937
|
$1.19 Billion |
|
Taiji Computer Corp Ltd
SHE:002368
|
$1.19 Billion |
|
JPG
KLSE:5323
|
$1.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Zhongchao Cable Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,716,421,000 to 1,799,471,263, a change of 83,050,263 (4.8%).
- Net loss of 22,648,086 reduced equity.
- Dividend payments of 77,936,362 reduced retained earnings.
- Other comprehensive income decreased equity by 11,660,796.
- Other factors increased equity by 195,295,507.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-22.65 Million | -1.26% |
| Dividends Paid | CN¥77.94 Million | -4.33% |
| Other Comprehensive Income | CN¥-11.66 Million | -0.65% |
| Other Changes | CN¥195.30 Million | +10.85% |
| Total Change | CN¥- | 4.84% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Zhongchao Cable 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: 4.53x
- 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 28.68x to 4.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.21 | CN¥5.96 | x |
| 2008-12-31 | CN¥0.25 | CN¥5.96 | x |
| 2009-12-31 | CN¥0.28 | CN¥5.96 | x |
| 2010-12-31 | CN¥0.96 | CN¥5.96 | x |
| 2011-12-31 | CN¥0.85 | CN¥5.96 | x |
| 2012-12-31 | CN¥1.42 | CN¥5.96 | x |
| 2013-12-31 | CN¥1.27 | CN¥5.96 | x |
| 2014-12-31 | CN¥1.30 | CN¥5.96 | x |
| 2015-12-31 | CN¥1.35 | CN¥5.96 | x |
| 2016-12-31 | CN¥1.43 | CN¥5.96 | x |
| 2017-12-31 | CN¥1.49 | CN¥5.96 | x |
| 2018-12-31 | CN¥1.52 | CN¥5.96 | x |
| 2019-12-31 | CN¥1.14 | CN¥5.96 | x |
| 2020-12-31 | CN¥1.13 | CN¥5.96 | x |
| 2021-12-31 | CN¥1.08 | CN¥5.96 | x |
| 2022-12-31 | CN¥1.08 | CN¥5.96 | x |
| 2023-12-31 | CN¥1.29 | CN¥5.96 | x |
| 2024-12-31 | CN¥1.35 | CN¥5.96 | x |
| 2025-12-31 | CN¥1.31 | CN¥5.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Zhongchao Cable 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): -1.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.44%
- • Asset Turnover: 0.99x
- • Equity Multiplier: 2.91x
- Recent ROE (-1.26%) is below the historical average (5.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 14.81% | 3.26% | 0.95x | 4.77x | CN¥7.04 Million |
| 2008 | 23.63% | 4.54% | 1.26x | 4.12x | CN¥26.15 Million |
| 2009 | 23.18% | 5.58% | 1.08x | 3.83x | CN¥28.80 Million |
| 2010 | 7.75% | 5.23% | 0.70x | 2.13x | CN¥-19.06 Million |
| 2011 | 9.15% | 4.43% | 0.82x | 2.53x | CN¥-7.48 Million |
| 2012 | 3.66% | 2.87% | 0.38x | 3.34x | CN¥-93.56 Million |
| 2013 | 10.39% | 3.71% | 0.85x | 3.29x | CN¥6.17 Million |
| 2014 | 6.32% | 2.13% | 0.80x | 3.71x | CN¥-60.35 Million |
| 2015 | 6.51% | 2.16% | 0.61x | 4.92x | CN¥-59.67 Million |
| 2016 | 6.17% | 1.80% | 0.73x | 4.69x | CN¥-69.61 Million |
| 2017 | 4.44% | 1.13% | 0.81x | 4.86x | CN¥-104.91 Million |
| 2018 | 4.44% | 1.12% | 0.94x | 4.24x | CN¥-106.95 Million |
| 2019 | -32.08% | -6.27% | 1.15x | 4.43x | CN¥-607.19 Million |
| 2020 | 0.76% | 0.20% | 0.99x | 3.83x | CN¥-132.58 Million |
| 2021 | 2.00% | 0.47% | 1.03x | 4.16x | CN¥-109.75 Million |
| 2022 | -3.50% | -0.81% | 1.04x | 4.13x | CN¥-184.86 Million |
| 2023 | 15.20% | 4.11% | 1.08x | 3.44x | CN¥85.89 Million |
| 2024 | -1.25% | -0.39% | 0.97x | 3.30x | CN¥-193.05 Million |
| 2025 | -1.26% | -0.44% | 0.99x | 2.91x | CN¥-202.60 Million |
Industry Comparison
This section compares Jiangsu Zhongchao Cable Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,245,673,029
- Average return on equity (ROE) among peers: 12.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Zhongchao Cable Co Ltd (002471) | CN¥1.84 Billion | 14.81% | 1.95x | $1.19 Billion |
| XJ Electric Co Ltd (000400) | $6.23 Billion | 17.04% | 0.73x | $3.04 Billion |
| Guangdong Macro Co Ltd (000533) | $1.02 Billion | 6.87% | 1.16x | $1.14 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $536.10 Million | 17.67% | 0.27x | $885.25 Million |
| Dongfang Electronics Co Ltd (000682) | $1.57 Billion | 1.57% | 0.53x | $2.10 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $557.50 Million | 13.45% | 0.65x | $744.67 Million |
| Huagong Tech Co Ltd (000988) | $9.37 Billion | 10.74% | 0.86x | $15.86 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.32 Billion |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.46x | $15.80 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $88.12 Million | 23.77% | 0.92x | $353.70 Million |
| Gotion High tech Co Ltd (002074) | $8.26 Billion | 10.15% | 1.07x | $6.94 Billion |
About Jiangsu Zhongchao Cable Co Ltd
Jiangsu Zhongchao Holding Co., Ltd. engages in the research, development, production, sale, and servicing of wires and cables in China and internationally. The company offers electrical equipment wires and cables, bare wires and cable materials, and cable accessories; 1-35kV cross-linked polyethylene insulated power cables, medium and low voltage power cables, 66kV and above high-voltage cross-li… Read more