Jiangsu Guoxin Corp Ltd (002608) - Net Assets
Based on the latest financial reports, Jiangsu Guoxin Corp Ltd (002608) has net assets worth CN¥48.89 Billion CNY (≈ $7.15 Billion 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¥100.29 Billion ≈ $14.68 Billion USD) and total liabilities (CN¥51.40 Billion ≈ $7.52 Billion 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 Guoxin Corp Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥48.89 Billion |
| % of Total Assets | 48.75% |
| Annual Growth Rate | 30.32% |
| 5-Year Change | 13.75% |
| 10-Year Change | N/A |
| Growth Volatility | 640.77 |
Jiangsu Guoxin Corp Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Jiangsu Guoxin Corp Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Jiangsu Guoxin Corp Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Guoxin Corp Ltd (2008–2024)
The table below shows the annual net assets of Jiangsu Guoxin Corp Ltd from 2008 to 2024. For live valuation and market cap data, see Jiangsu Guoxin Corp Ltd (002608) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥44.77 Billion ≈ $6.55 Billion |
+13.51% |
| 2023-12-31 | CN¥39.44 Billion ≈ $5.77 Billion |
+3.38% |
| 2022-12-31 | CN¥38.15 Billion ≈ $5.58 Billion |
+0.25% |
| 2021-12-31 | CN¥38.06 Billion ≈ $5.57 Billion |
-3.31% |
| 2020-12-31 | CN¥39.36 Billion ≈ $5.76 Billion |
+7.04% |
| 2019-12-31 | CN¥36.77 Billion ≈ $5.38 Billion |
+19.90% |
| 2018-12-31 | CN¥30.67 Billion ≈ $4.49 Billion |
+35.65% |
| 2017-12-31 | CN¥22.61 Billion ≈ $3.31 Billion |
+11.83% |
| 2016-12-31 | CN¥20.22 Billion ≈ $2.96 Billion |
+484.70% |
| 2015-12-31 | CN¥-5.26 Billion ≈ $-769.02 Million |
-2554.19% |
| 2014-12-31 | CN¥214.14 Million ≈ $31.33 Million |
-90.01% |
| 2013-12-31 | CN¥2.14 Billion ≈ $313.60 Million |
+4.96% |
| 2012-12-31 | CN¥2.04 Billion ≈ $298.77 Million |
+3.08% |
| 2011-12-31 | CN¥1.98 Billion ≈ $289.85 Million |
+91.63% |
| 2010-12-31 | CN¥1.03 Billion ≈ $151.25 Million |
+23.94% |
| 2009-12-31 | CN¥834.01 Million ≈ $122.04 Million |
+28.85% |
| 2008-12-31 | CN¥647.26 Million ≈ $94.72 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Guoxin Corp 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 1184.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.72 Billion | 20.70% |
| Common Stock | CN¥3.78 Billion | 11.64% |
| Other Comprehensive Income | CN¥6.28 Billion | 19.35% |
| Other Components | CN¥15.69 Billion | 48.32% |
| Total Equity | CN¥32.47 Billion | 100.00% |
Jiangsu Guoxin Corp Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Guoxin Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhengzhou Coal Mining Machinery Group Co Ltd
SHG:601717
|
$4.21 Billion |
|
Edenred SA
PA:EDEN
|
$4.21 Billion |
|
Bidvest Group Ltd
JSE:BVT
|
$4.21 Billion |
|
GCL Energy Technology Co Ltd
SHE:002015
|
$4.22 Billion |
|
Appfolio Inc
NASDAQ:APPF
|
$4.21 Billion |
|
Espressif Systems Shanghai Co Ltd
SHG:688018
|
$4.21 Billion |
|
Walsin Lihwa Corp
TW:1605
|
$4.21 Billion |
|
EPR Properties
NYSE:EPR
|
$4.21 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Guoxin Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 28,626,255,490 to 32,466,599,000, a change of 3,840,343,510 (13.4%).
- Net income of 3,238,017,551 contributed positively to equity growth.
- Dividend payments of 1,483,633,106 reduced retained earnings.
- Other comprehensive income increased equity by 1,160,479,255.
- Other factors increased equity by 925,479,810.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.24 Billion | +9.97% |
| Dividends Paid | CN¥1.48 Billion | -4.57% |
| Other Comprehensive Income | CN¥1.16 Billion | +3.57% |
| Other Changes | CN¥925.48 Million | +2.85% |
| Total Change | CN¥- | 13.42% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Guoxin Corp 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: 0.89x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 7.90x to 0.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.96 | CN¥7.62 | x |
| 2009-12-31 | CN¥3.73 | CN¥7.62 | x |
| 2010-12-31 | CN¥1.54 | CN¥7.62 | x |
| 2011-12-31 | CN¥2.66 | CN¥7.62 | x |
| 2012-12-31 | CN¥2.30 | CN¥7.62 | x |
| 2013-12-31 | CN¥2.42 | CN¥7.62 | x |
| 2014-12-31 | CN¥0.24 | CN¥7.62 | x |
| 2015-12-31 | CN¥-1.61 | CN¥7.62 | x |
| 2016-12-31 | CN¥4.74 | CN¥7.62 | x |
| 2017-12-31 | CN¥5.40 | CN¥7.62 | x |
| 2018-12-31 | CN¥6.82 | CN¥7.62 | x |
| 2019-12-31 | CN¥7.15 | CN¥7.62 | x |
| 2020-12-31 | CN¥7.78 | CN¥7.62 | x |
| 2021-12-31 | CN¥7.57 | CN¥7.62 | x |
| 2022-12-31 | CN¥7.53 | CN¥7.62 | x |
| 2023-12-31 | CN¥7.65 | CN¥7.62 | x |
| 2024-12-31 | CN¥8.59 | CN¥7.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Guoxin Corp 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): 9.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.77%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 2.95x
- Recent ROE (9.97%) is above the historical average (-39.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 44.79% | 14.62% | 0.57x | 5.42x | CN¥224.91 Million |
| 2009 | 21.91% | 10.88% | 0.40x | 5.09x | CN¥99.23 Million |
| 2010 | 21.41% | 7.17% | 0.76x | 3.93x | CN¥117.80 Million |
| 2011 | 9.33% | 7.10% | 0.55x | 2.41x | CN¥-13.22 Million |
| 2012 | 3.96% | 3.08% | 0.40x | 3.18x | CN¥-123.08 Million |
| 2013 | 5.78% | 3.78% | 0.44x | 3.49x | CN¥-90.36 Million |
| 2014 | -848.46% | -60.11% | 0.32x | 44.12x | CN¥-1.83 Billion |
| 2015 | 0.00% | -16.27% | 4.94x | 0.00x | CN¥-1.99 Billion |
| 2016 | 6.96% | 6.41% | 0.39x | 2.79x | CN¥-470.49 Million |
| 2017 | 12.41% | 10.79% | 0.44x | 2.61x | CN¥423.54 Million |
| 2018 | 10.55% | 11.55% | 0.41x | 2.22x | CN¥134.32 Million |
| 2019 | 8.89% | 11.40% | 0.30x | 2.60x | CN¥-299.00 Million |
| 2020 | 7.74% | 10.48% | 0.29x | 2.54x | CN¥-665.01 Million |
| 2021 | -1.16% | -1.15% | 0.36x | 2.81x | CN¥-3.19 Billion |
| 2022 | 0.21% | 0.18% | 0.39x | 2.91x | CN¥-2.79 Billion |
| 2023 | 6.53% | 5.41% | 0.39x | 3.10x | CN¥-992.26 Million |
| 2024 | 9.97% | 8.77% | 0.39x | 2.95x | CN¥-8.64 Million |
Industry Comparison
This section compares Jiangsu Guoxin Corp Ltd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $3,261,420,948
- Average return on equity (ROE) among peers: 12.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Guoxin Corp Ltd (002608) | CN¥48.89 Billion | 44.79% | 1.05x | $4.21 Billion |
| Shenzhen Energy Group Co Ltd (000027) | $4.63 Billion | 8.48% | 0.68x | $4.76 Billion |
| Shenzhen Nanshan Power Co Ltd (000037) | $1.94 Billion | 0.56% | 1.58x | $535.60 Million |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $4.62 Billion | 8.90% | 1.52x | $1.07 Billion |
| An Hui Wenergy Co Ltd (000543) | $358.78 Million | 13.14% | 0.02x | $2.68 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $53.68 Million | 11.61% | 0.85x | $2.51 Billion |
| Guangdong Shaoneng Group Co Ltd (000601) | $5.11 Billion | 7.85% | 1.19x | $1.02 Billion |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $235.17 Million | -11.96% | 4.44x | $525.65 Million |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $10.75 Billion | 0.30% | 4.45x | $1.70 Billion |
| Jilin Power Share Co Ltd (000875) | $4.75 Billion | 2.48% | 3.81x | $3.47 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $168.15 Million | 79.33% | 3.35x | $1.78 Billion |
About Jiangsu Guoxin Corp Ltd
Jiangsu Guoxin Corp. Ltd. generates and sells electricity in China. It is involved in coal-fired power generation and gas-fired power generation; heating; provision of power services; and coal sales. The company also provides financial services, such as industrial finance, consumer finance, securities trusts, family trusts, equity investment, and financial management; and debt investment, securit… Read more