Jinhe Biotechnology Co Ltd (002688) - Net Assets
Based on the latest financial reports, Jinhe Biotechnology Co Ltd (002688) has net assets worth CN¥2.60 Billion CNY (≈ $380.42 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¥5.58 Billion ≈ $817.26 Million USD) and total liabilities (CN¥2.99 Billion ≈ $436.83 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 002688 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.60 Billion |
| % of Total Assets | 46.55% |
| Annual Growth Rate | 17.96% |
| 5-Year Change | 42.85% |
| 10-Year Change | 137.06% |
| Growth Volatility | 39.39 |
Jinhe Biotechnology Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Jinhe Biotechnology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Jinhe Biotechnology Co Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Jinhe Biotechnology Co Ltd (2008–2024)
The table below shows the annual net assets of Jinhe Biotechnology Co Ltd from 2008 to 2024. For live valuation and market cap data, see Jinhe Biotechnology Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.50 Billion ≈ $365.81 Million |
-0.67% |
| 2023-12-31 | CN¥2.52 Billion ≈ $368.27 Million |
+3.77% |
| 2022-12-31 | CN¥2.43 Billion ≈ $354.89 Million |
-10.06% |
| 2021-12-31 | CN¥2.70 Billion ≈ $394.58 Million |
+54.09% |
| 2020-12-31 | CN¥1.75 Billion ≈ $256.07 Million |
-3.15% |
| 2019-12-31 | CN¥1.81 Billion ≈ $264.40 Million |
+1.54% |
| 2018-12-31 | CN¥1.78 Billion ≈ $260.38 Million |
+8.68% |
| 2017-12-31 | CN¥1.64 Billion ≈ $239.59 Million |
+3.36% |
| 2016-12-31 | CN¥1.58 Billion ≈ $231.81 Million |
+50.22% |
| 2015-12-31 | CN¥1.05 Billion ≈ $154.31 Million |
+10.29% |
| 2014-12-31 | CN¥956.13 Million ≈ $139.91 Million |
+6.23% |
| 2013-12-31 | CN¥900.07 Million ≈ $131.71 Million |
+4.23% |
| 2012-12-31 | CN¥863.55 Million ≈ $126.36 Million |
+158.24% |
| 2011-12-31 | CN¥334.40 Million ≈ $48.93 Million |
+31.23% |
| 2010-12-31 | CN¥254.83 Million ≈ $37.29 Million |
+30.00% |
| 2009-12-31 | CN¥196.03 Million ≈ $28.69 Million |
+10.24% |
| 2008-12-31 | CN¥177.82 Million ≈ $26.02 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jinhe Biotechnology 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 3223.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥576.82 Million | 25.68% |
| Common Stock | CN¥771.69 Million | 34.35% |
| Other Comprehensive Income | CN¥168.78 Million | 7.51% |
| Other Components | CN¥729.31 Million | 32.46% |
| Total Equity | CN¥2.25 Billion | 100.00% |
Jinhe Biotechnology Co Ltd Competitors by Market Cap
The table below lists competitors of Jinhe Biotechnology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Harbin Jiuzhou Electrical Co Ltd
SHE:300040
|
$679.77 Million |
|
Utz Brands Inc
NYSE:UTZ
|
$679.95 Million |
|
Beijing ConST Instruments Technology Inc
SHE:300445
|
$680.14 Million |
|
Ichia Technologies Inc
TW:2402
|
$680.17 Million |
|
Beijing Chieftain Control Engineering Technology Co Ltd
SHE:300430
|
$679.64 Million |
|
Qingdao Weflo Valve Co Ltd
SHE:002871
|
$679.59 Million |
|
Carriage Services Inc
NYSE:CSV
|
$679.56 Million |
|
Jahwa Electron
KO:033240
|
$679.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jinhe Biotechnology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,246,791,261 to 2,246,607,845, a change of -183,416 (-0.0%).
- Net income of 100,200,680 contributed positively to equity growth.
- Dividend payments of 160,961,290 reduced retained earnings.
- Share repurchases of 50,098,780 reduced equity.
- Other comprehensive income decreased equity by 1,198,891.
- Other factors increased equity by 111,874,865.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥100.20 Million | +4.46% |
| Dividends Paid | CN¥160.96 Million | -7.16% |
| Share Repurchases | CN¥50.10 Million | -2.23% |
| Other Comprehensive Income | CN¥-1.20 Million | -0.05% |
| Other Changes | CN¥111.87 Million | +4.98% |
| Total Change | CN¥- | -0.01% |
Book Value vs Market Value Analysis
This analysis compares Jinhe Biotechnology 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: 2.07x
- 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 14.81x to 2.07x 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¥0.41 | CN¥6.02 | x |
| 2009-12-31 | CN¥0.45 | CN¥6.02 | x |
| 2010-12-31 | CN¥0.59 | CN¥6.02 | x |
| 2011-12-31 | CN¥0.79 | CN¥6.02 | x |
| 2012-12-31 | CN¥1.85 | CN¥6.02 | x |
| 2013-12-31 | CN¥1.67 | CN¥6.02 | x |
| 2014-12-31 | CN¥1.72 | CN¥6.02 | x |
| 2015-12-31 | CN¥1.88 | CN¥6.02 | x |
| 2016-12-31 | CN¥2.37 | CN¥6.02 | x |
| 2017-12-31 | CN¥2.39 | CN¥6.02 | x |
| 2018-12-31 | CN¥2.67 | CN¥6.02 | x |
| 2019-12-31 | CN¥2.64 | CN¥6.02 | x |
| 2020-12-31 | CN¥2.54 | CN¥6.02 | x |
| 2021-12-31 | CN¥3.63 | CN¥6.02 | x |
| 2022-12-31 | CN¥2.85 | CN¥6.02 | x |
| 2023-12-31 | CN¥2.88 | CN¥6.02 | x |
| 2024-12-31 | CN¥2.90 | CN¥6.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jinhe Biotechnology 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): 4.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.23%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 2.52x
- Recent ROE (4.46%) is below the historical average (10.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 9.56% | 3.57% | 0.78x | 3.41x | CN¥-728.11K |
| 2009 | 14.62% | 5.89% | 0.74x | 3.35x | CN¥8.54 Million |
| 2010 | 21.77% | 8.94% | 0.95x | 2.58x | CN¥28.52 Million |
| 2011 | 24.00% | 10.74% | 1.07x | 2.08x | CN¥45.15 Million |
| 2012 | 10.36% | 11.63% | 0.77x | 1.16x | CN¥3.14 Million |
| 2013 | 10.04% | 12.20% | 0.73x | 1.13x | CN¥374.78K |
| 2014 | 8.12% | 9.19% | 0.55x | 1.60x | CN¥-17.85 Million |
| 2015 | 10.11% | 8.37% | 0.66x | 1.82x | CN¥1.14 Million |
| 2016 | 10.97% | 10.97% | 0.56x | 1.78x | CN¥14.49 Million |
| 2017 | 7.10% | 7.44% | 0.49x | 1.94x | CN¥-44.23 Million |
| 2018 | 9.75% | 10.05% | 0.49x | 1.99x | CN¥-4.17 Million |
| 2019 | 11.02% | 10.38% | 0.53x | 1.99x | CN¥17.05 Million |
| 2020 | 7.27% | 6.47% | 0.54x | 2.09x | CN¥-44.16 Million |
| 2021 | 3.85% | 4.52% | 0.51x | 1.67x | CN¥-149.83 Million |
| 2022 | 5.31% | 5.56% | 0.47x | 2.03x | CN¥-104.12 Million |
| 2023 | 3.85% | 3.98% | 0.40x | 2.43x | CN¥-138.22 Million |
| 2024 | 4.46% | 4.23% | 0.42x | 2.52x | CN¥-124.46 Million |
Industry Comparison
This section compares Jinhe Biotechnology Co Ltd's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $1,347,197,696
- Average return on equity (ROE) among peers: 4.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jinhe Biotechnology Co Ltd (002688) | CN¥2.60 Billion | 9.56% | 1.15x | $679.74 Million |
| Shenzhen Neptunus Bioengineering Co Ltd (000078) | $2.84 Billion | -41.97% | 9.13x | $1.22 Billion |
| Anhui Fengyuan Pharmaceutical Co Ltd (000153) | $638.89 Million | 0.88% | 0.70x | $438.59 Million |
| Shan Dong Dong-E E-Jiao Co Ltd (000423) | $1.05 Billion | 10.46% | 0.19x | $5.18 Billion |
| Livzon Pharmaceutical Group Inc (000513) | $1.07 Billion | 3.83% | 0.46x | $2.81 Billion |
| Wedge Industrial Co Ltd (000534) | $1.29 Billion | 11.69% | 1.47x | $2.95 Billion |
| Yunnan Baiyao Group Co Ltd (000538) | $35.11 Million | 18.13% | 0.80x | $13.85 Billion |
| Hainan Haiyao Co Ltd (000566) | $5.08 Billion | 1.71% | 1.08x | $949.23 Million |
| Tus Pharmaceutical Group Co Ltd (000590) | $141.91 Million | 11.01% | 0.32x | $391.07 Million |
| Northeast Pharmaceutical Group Co Ltd (000597) | $994.58 Million | 2.01% | 2.11x | $1.03 Billion |
| Jilin Aodong Pharmaceutical Group Co Ltd (000623) | $332.48 Million | 26.89% | 0.68x | $3.30 Billion |
About Jinhe Biotechnology Co Ltd
Jinhe Biotechnology CO., LTD. produces and sells veterinary medicines in China and internationally. It offers chlortetracycline premixes; veterinary drug and powder series; disinfectants; and sprinklers. It also engages in the production and sales of feed and raw materials. The company was founded in 1990 and is headquartered in Hohhot, China.