Jiangxi Hengda Hi-Tech Co Ltd (002591) - Net Assets
Based on the latest financial reports, Jiangxi Hengda Hi-Tech Co Ltd (002591) has net assets worth CN¥663.14 Million CNY (≈ $97.04 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¥881.86 Million ≈ $129.04 Million USD) and total liabilities (CN¥218.72 Million ≈ $32.01 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 Jiangxi Hengda Hi-Tech Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥663.14 Million |
| % of Total Assets | 75.2% |
| Annual Growth Rate | 11.91% |
| 5-Year Change | -14.18% |
| 10-Year Change | -11.7% |
| Growth Volatility | 40.36 |
Jiangxi Hengda Hi-Tech Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Jiangxi Hengda Hi-Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Jiangxi Hengda Hi-Tech Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Jiangxi Hengda Hi-Tech Co Ltd (2006–2024)
The table below shows the annual net assets of Jiangxi Hengda Hi-Tech Co Ltd from 2006 to 2024. For live valuation and market cap data, see market value of Jiangxi Hengda Hi-Tech Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥666.42 Million ≈ $97.52 Million |
-1.71% |
| 2023-12-31 | CN¥677.99 Million ≈ $99.21 Million |
-5.85% |
| 2022-12-31 | CN¥720.08 Million ≈ $105.37 Million |
-8.21% |
| 2021-12-31 | CN¥784.50 Million ≈ $114.80 Million |
+1.03% |
| 2020-12-31 | CN¥776.52 Million ≈ $113.63 Million |
-40.31% |
| 2019-12-31 | CN¥1.30 Billion ≈ $190.36 Million |
+7.49% |
| 2018-12-31 | CN¥1.21 Billion ≈ $177.09 Million |
-7.68% |
| 2017-12-31 | CN¥1.31 Billion ≈ $191.82 Million |
+73.38% |
| 2016-12-31 | CN¥756.09 Million ≈ $110.64 Million |
+0.19% |
| 2015-12-31 | CN¥754.69 Million ≈ $110.43 Million |
-2.48% |
| 2014-12-31 | CN¥773.87 Million ≈ $113.24 Million |
+2.39% |
| 2013-12-31 | CN¥755.77 Million ≈ $110.59 Million |
+5.09% |
| 2012-12-31 | CN¥719.20 Million ≈ $105.24 Million |
+2.49% |
| 2011-12-31 | CN¥701.75 Million ≈ $102.69 Million |
+149.90% |
| 2010-12-31 | CN¥280.82 Million ≈ $41.09 Million |
+46.71% |
| 2009-12-31 | CN¥191.41 Million ≈ $28.01 Million |
+25.63% |
| 2008-12-31 | CN¥152.36 Million ≈ $22.30 Million |
+24.22% |
| 2007-12-31 | CN¥122.65 Million ≈ $17.95 Million |
+39.46% |
| 2006-12-31 | CN¥87.95 Million ≈ $12.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangxi Hengda Hi-Tech 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 19594.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥300.20 Million | 45.43% |
| Other Comprehensive Income | CN¥34.25 Million | 5.18% |
| Other Components | CN¥811.69 Million | 122.82% |
| Total Equity | CN¥660.85 Million | 100.00% |
Jiangxi Hengda Hi-Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangxi Hengda Hi-Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhangjiagang Haiguo New Energy Equipment Manufacturing Co. Ltd.
SHE:301063
|
$367.43 Million |
|
Newtek Business Services Corp
NASDAQ:NEWT
|
$367.45 Million |
|
Checkpoint Therapeutics Inc
NASDAQ:CKPT
|
$367.72 Million |
|
Van de Velde NV
BR:VAN
|
$367.83 Million |
|
2CRSI S.A.
PA:AL2SI
|
$367.07 Million |
|
Fondul Proprietatea SA
RO:FP
|
$366.97 Million |
|
Shanghai Dragonnet Tech
SHE:300245
|
$366.93 Million |
|
Axiomtek Co Ltd
TWO:3088
|
$366.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangxi Hengda Hi-Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 671,427,534 to 660,854,017, a change of -10,573,517 (-1.6%).
- Net loss of 10,615,467 reduced equity.
- Dividend payments of 4,098,379 reduced retained earnings.
- Other comprehensive income increased equity by 43,333,681.
- Other factors decreased equity by 39,193,352.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-10.62 Million | -1.61% |
| Dividends Paid | CN¥4.10 Million | -0.62% |
| Other Comprehensive Income | CN¥43.33 Million | +6.56% |
| Other Changes | CN¥-39.19 Million | -5.93% |
| Total Change | CN¥- | -1.57% |
Book Value vs Market Value Analysis
This analysis compares Jiangxi Hengda Hi-Tech 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: 3.79x
- 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 21.80x to 3.79x 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¥0.38 | CN¥8.36 | x |
| 2007-12-31 | CN¥0.56 | CN¥8.36 | x |
| 2008-12-31 | CN¥0.72 | CN¥8.36 | x |
| 2009-12-31 | CN¥0.90 | CN¥8.36 | x |
| 2010-12-31 | CN¥1.23 | CN¥8.36 | x |
| 2011-12-31 | CN¥2.43 | CN¥8.36 | x |
| 2012-12-31 | CN¥1.84 | CN¥8.36 | x |
| 2013-12-31 | CN¥2.90 | CN¥8.36 | x |
| 2014-12-31 | CN¥2.86 | CN¥8.36 | x |
| 2015-12-31 | CN¥2.67 | CN¥8.36 | x |
| 2016-12-31 | CN¥2.72 | CN¥8.36 | x |
| 2017-12-31 | CN¥4.42 | CN¥8.36 | x |
| 2018-12-31 | CN¥3.92 | CN¥8.36 | x |
| 2019-12-31 | CN¥4.27 | CN¥8.36 | x |
| 2020-12-31 | CN¥2.53 | CN¥8.36 | x |
| 2021-12-31 | CN¥2.59 | CN¥8.36 | x |
| 2022-12-31 | CN¥2.37 | CN¥8.36 | x |
| 2023-12-31 | CN¥2.24 | CN¥8.36 | x |
| 2024-12-31 | CN¥2.20 | CN¥8.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangxi Hengda Hi-Tech 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): -1.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.41%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.32x
- Recent ROE (-1.61%) is below the historical average (3.27%), 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 | 21.96% | 17.37% | 0.65x | 1.95x | CN¥9.74 Million |
| 2007 | 31.68% | 23.55% | 0.73x | 1.85x | CN¥25.83 Million |
| 2008 | 24.54% | 20.57% | 0.77x | 1.55x | CN¥22.15 Million |
| 2009 | 25.62% | 21.73% | 0.83x | 1.42x | CN¥29.91 Million |
| 2010 | 21.16% | 23.21% | 0.69x | 1.33x | CN¥31.33 Million |
| 2011 | 7.47% | 19.92% | 0.35x | 1.07x | CN¥-17.72 Million |
| 2012 | 3.54% | 12.04% | 0.26x | 1.13x | CN¥-46.48 Million |
| 2013 | 4.19% | 9.52% | 0.37x | 1.18x | CN¥-43.90 Million |
| 2014 | 0.79% | 2.38% | 0.27x | 1.24x | CN¥-68.93 Million |
| 2015 | -9.49% | -35.89% | 0.20x | 1.33x | CN¥-136.47 Million |
| 2016 | 1.99% | 9.57% | 0.16x | 1.30x | CN¥-56.71 Million |
| 2017 | 1.17% | 5.69% | 0.17x | 1.20x | CN¥-111.18 Million |
| 2018 | 2.95% | 10.42% | 0.23x | 1.23x | CN¥-83.29 Million |
| 2019 | 6.62% | 22.36% | 0.25x | 1.20x | CN¥-43.12 Million |
| 2020 | -67.84% | -161.83% | 0.32x | 1.30x | CN¥-590.23 Million |
| 2021 | 2.37% | 3.48% | 0.48x | 1.42x | CN¥-59.23 Million |
| 2022 | -8.90% | -16.97% | 0.37x | 1.42x | CN¥-134.72 Million |
| 2023 | -6.05% | -10.05% | 0.40x | 1.51x | CN¥-107.75 Million |
| 2024 | -1.61% | -2.41% | 0.51x | 1.32x | CN¥-76.70 Million |
Industry Comparison
This section compares Jiangxi Hengda Hi-Tech Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,145,101,575
- Average return on equity (ROE) among peers: 2.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangxi Hengda Hi-Tech Co Ltd (002591) | CN¥663.14 Million | 21.96% | 0.33x | $367.24 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $420.42 Million | 6.58% | 1.35x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $90.42 Million | 27.06% | 0.87x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.09 Billion | 0.96% | 1.41x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.46 Billion | 18.08% | 0.97x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.74 Billion | 9.31% | 0.09x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.39 Billion | 0.45% | 0.38x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $1.57 Billion | -90.11% | 2.59x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $198.24 Million | 18.03% | 1.03x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $16.39 Billion | 9.78% | 0.86x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $107.09 Million | 21.41% | 1.19x | $605.40 Million |
About Jiangxi Hengda Hi-Tech Co Ltd
Jiangxi Hengda Hi-Tech Co.,Ltd. engages in the research, development, production, and sale of anti-wear and anti-corrosion materials for industrial equipment in China. It provides wear and corrosion protection services, including protective materials, design solutions, and engineering technical services. The company also offers acoustic products, such as noise reduction, sound absorption, and sou… Read more