Jiangsu Gaoke Petrochemical Co (002778) - Net Assets
Based on the latest financial reports, Jiangsu Gaoke Petrochemical Co (002778) has net assets worth CN¥407.45 Million CNY (≈ $59.62 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¥905.01 Million ≈ $132.43 Million USD) and total liabilities (CN¥497.57 Million ≈ $72.81 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 Gaoke Petrochemical Co asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥407.45 Million |
| % of Total Assets | 45.02% |
| Annual Growth Rate | 10.09% |
| 5-Year Change | -46.0% |
| 10-Year Change | -41.78% |
| Growth Volatility | 29.1 |
Jiangsu Gaoke Petrochemical Co - Net Assets Trend (2008–2024)
This chart illustrates how Jiangsu Gaoke Petrochemical Co's net assets have evolved over time, based on quarterly financial data. Also explore Jiangsu Gaoke Petrochemical Co (002778) total assets for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Gaoke Petrochemical Co (2008–2024)
The table below shows the annual net assets of Jiangsu Gaoke Petrochemical Co from 2008 to 2024. For live valuation and market cap data, see 002778 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥330.84 Million ≈ $48.41 Million |
-35.08% |
| 2023-12-31 | CN¥509.65 Million ≈ $74.58 Million |
-23.69% |
| 2022-12-31 | CN¥667.91 Million ≈ $97.74 Million |
+3.01% |
| 2021-12-31 | CN¥648.37 Million ≈ $94.88 Million |
+5.82% |
| 2020-12-31 | CN¥612.70 Million ≈ $89.66 Million |
-4.69% |
| 2019-12-31 | CN¥642.83 Million ≈ $94.07 Million |
+1.94% |
| 2018-12-31 | CN¥630.62 Million ≈ $92.28 Million |
+1.92% |
| 2017-12-31 | CN¥618.72 Million ≈ $90.54 Million |
+3.96% |
| 2016-12-31 | CN¥595.18 Million ≈ $87.09 Million |
+4.73% |
| 2015-12-31 | CN¥568.29 Million ≈ $83.16 Million |
+54.90% |
| 2014-12-31 | CN¥366.87 Million ≈ $53.69 Million |
+10.56% |
| 2013-12-31 | CN¥331.84 Million ≈ $48.56 Million |
+10.36% |
| 2012-12-31 | CN¥300.70 Million ≈ $44.00 Million |
+17.91% |
| 2011-12-31 | CN¥255.01 Million ≈ $37.32 Million |
+90.91% |
| 2010-12-31 | CN¥133.58 Million ≈ $19.55 Million |
+39.11% |
| 2009-12-31 | CN¥96.02 Million ≈ $14.05 Million |
+35.18% |
| 2008-12-31 | CN¥71.04 Million ≈ $10.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Gaoke Petrochemical Co'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 49.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.48 Million | 2.56% |
| Common Stock | CN¥124.75 Million | 49.34% |
| Other Components | CN¥121.59 Million | 48.09% |
| Total Equity | CN¥252.82 Million | 100.00% |
Jiangsu Gaoke Petrochemical Co Competitors by Market Cap
The table below lists competitors of Jiangsu Gaoke Petrochemical Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Sine Electric Co. Ltd. A
SHG:688395
|
$369.77 Million |
|
Mandalay Resources Corp
TO:MND
|
$369.78 Million |
|
Guangdong Tianhe Agricultural Means
SHE:002999
|
$369.78 Million |
|
NEWRON PHARMACEUT. EO-20
XETRA:NP5
|
$369.88 Million |
|
Ningbo Fubang
SHG:600768
|
$369.51 Million |
|
Regal Asian Investments Ltd
AU:RG8
|
$369.50 Million |
|
Firan Technology Group Corporation
TO:FTG
|
$369.48 Million |
|
Shandong Zhangqiu Blower Co Ltd
SHE:002598
|
$369.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Gaoke Petrochemical Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 423,104,359 to 252,824,374, a change of -170,279,985 (-40.2%).
- Net loss of 170,279,985 reduced equity.
- Dividend payments of 20,498,778 reduced retained earnings.
- Other comprehensive income decreased equity by 56,359,011.
- Other factors increased equity by 76,857,789.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-170.28 Million | -67.35% |
| Dividends Paid | CN¥20.50 Million | -8.11% |
| Other Comprehensive Income | CN¥-56.36 Million | -22.29% |
| Other Changes | CN¥76.86 Million | +30.4% |
| Total Change | CN¥- | -40.25% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Gaoke Petrochemical Co'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: 10.03x
- 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 22.64x to 10.03x 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¥0.89 | CN¥20.25 | x |
| 2009-12-31 | CN¥1.24 | CN¥20.25 | x |
| 2010-12-31 | CN¥1.70 | CN¥20.25 | x |
| 2011-12-31 | CN¥3.24 | CN¥20.25 | x |
| 2012-12-31 | CN¥3.20 | CN¥20.25 | x |
| 2013-12-31 | CN¥3.58 | CN¥20.25 | x |
| 2014-12-31 | CN¥3.89 | CN¥20.25 | x |
| 2015-12-31 | CN¥6.08 | CN¥20.25 | x |
| 2016-12-31 | CN¥4.75 | CN¥20.25 | x |
| 2017-12-31 | CN¥4.90 | CN¥20.25 | x |
| 2018-12-31 | CN¥4.97 | CN¥20.25 | x |
| 2019-12-31 | CN¥5.15 | CN¥20.25 | x |
| 2020-12-31 | CN¥3.93 | CN¥20.25 | x |
| 2021-12-31 | CN¥4.54 | CN¥20.25 | x |
| 2022-12-31 | CN¥4.63 | CN¥20.25 | x |
| 2023-12-31 | CN¥3.39 | CN¥20.25 | x |
| 2024-12-31 | CN¥2.02 | CN¥20.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Gaoke Petrochemical Co 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): -67.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34.54%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 4.59x
- Recent ROE (-67.35%) is below the historical average (4.87%), 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 | 21.57% | 3.13% | 2.52x | 2.73x | CN¥8.22 Million |
| 2009 | 26.02% | 4.27% | 2.22x | 2.74x | CN¥15.39 Million |
| 2010 | 27.74% | 5.19% | 2.08x | 2.57x | CN¥23.70 Million |
| 2011 | 16.25% | 4.68% | 1.64x | 2.11x | CN¥15.94 Million |
| 2012 | 15.19% | 4.74% | 1.81x | 1.77x | CN¥15.61 Million |
| 2013 | 9.39% | 3.51% | 1.68x | 1.59x | CN¥-2.04 Million |
| 2014 | 9.55% | 3.87% | 1.63x | 1.52x | CN¥-1.66 Million |
| 2015 | 6.22% | 6.13% | 0.78x | 1.29x | CN¥-21.46 Million |
| 2016 | 5.72% | 6.15% | 0.78x | 1.18x | CN¥-25.50 Million |
| 2017 | 4.96% | 5.34% | 0.78x | 1.19x | CN¥-31.20 Million |
| 2018 | 2.88% | 2.63% | 0.89x | 1.23x | CN¥-44.93 Million |
| 2019 | 2.52% | 2.25% | 0.89x | 1.26x | CN¥-48.11 Million |
| 2020 | 21.23% | 10.61% | 0.62x | 3.23x | CN¥55.03 Million |
| 2021 | 22.16% | 12.17% | 0.63x | 2.90x | CN¥68.93 Million |
| 2022 | -4.67% | -3.74% | 0.49x | 2.54x | CN¥-84.75 Million |
| 2023 | -36.54% | -25.06% | 0.43x | 3.37x | CN¥-196.93 Million |
| 2024 | -67.35% | -34.54% | 0.42x | 4.59x | CN¥-195.56 Million |
Industry Comparison
This section compares Jiangsu Gaoke Petrochemical Co's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $4,467,960,510
- Average return on equity (ROE) among peers: 5.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Gaoke Petrochemical Co (002778) | CN¥407.45 Million | 21.57% | 1.22x | $369.67 Million |
| Shenzhen Guangju Energy Co Ltd (000096) | $1.80 Billion | 1.12% | 0.10x | $751.77 Million |
| Xinjiang International Industry Co Ltd (000159) | $630.92 Million | 0.81% | 1.22x | $457.21 Million |
| Shandong Shengli Co Ltd (000407) | $1.34 Billion | 1.53% | 1.60x | $623.31 Million |
| Sinopec Shandong Taishan Petroleum Co Ltd (000554) | $924.55 Million | 0.89% | 0.63x | $576.21 Million |
| Ningbo Bohui Chemical Technology (300839) | $425.86 Million | 17.78% | 1.60x | $632.76 Million |
| HY Energy Group Co Ltd (600387) | $1.73 Billion | 3.65% | 2.96x | $64.39 Million |
| Sinopec Shanghai Petrochemical Co Ltd Class A (600688) | $28.52 Billion | 21.54% | 0.38x | $3.34 Billion |
| Lonyer Fuels (603003) | $3.32 Billion | -9.98% | 0.19x | $134.35 Million |
| Jiangsu Lopal Tech Co Ltd (603906) | $1.52 Billion | 8.38% | 0.43x | $2.74 Billion |
About Jiangsu Gaoke Petrochemical Co
Jiangsu Zhongsheng Gaoke Environmental Co.,Ltd. engages in the research, development, production, and sales of lubricants and greases in China. The company offers engine oil, diesel engine oil, gear oil, grease, automatic transmission fluid, and brake fluid, as well as construction machinery products. Its products are used in the metallurgical, engineering machinery, trucks, transformer oil, meta… Read more