Jiangsu Gaoke Petrochemical Co (002778) - Net Assets
Based on the latest financial reports, Jiangsu Gaoke Petrochemical Co (002778) has net assets worth CN¥420.88 Million CNY (≈ $61.59 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¥782.39 Million ≈ $114.49 Million USD) and total liabilities (CN¥361.51 Million ≈ $52.90 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 tangible equity quality of Jiangsu Gaoke Petrochemical Co to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥420.88 Million |
| % of Total Assets | 53.79% |
| Annual Growth Rate | 11.13% |
| 5-Year Change | -34.16% |
| 10-Year Change | -28.27% |
| Growth Volatility | 28.47 |
Jiangsu Gaoke Petrochemical Co - Net Assets Trend (2008–2025)
This chart illustrates how Jiangsu Gaoke Petrochemical Co's net assets have evolved over time, based on quarterly financial data. See 002778 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jiangsu Gaoke Petrochemical Co (2008–2025)
The table below shows the annual net assets of Jiangsu Gaoke Petrochemical Co from 2008 to 2025. For live valuation and market cap data, see 002778 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥426.90 Million ≈ $62.47 Million |
+29.04% |
| 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 grown by 531.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥80.22 Million | 24.56% |
| Other Components | CN¥246.34 Million | 75.44% |
| Total Equity | CN¥326.56 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 |
|---|---|
|
AVCON Information Tech
SHE:300074
|
$298.76 Million |
|
ALPHA
KLSE:0303
|
$298.81 Million |
|
Daishin Securities Co Ltd Pref
KO:003545
|
$298.84 Million |
|
PRUKSA HOLDING
BK:PSH-R
|
$298.84 Million |
|
Gannett Co Inc
NYSE:GCI
|
$298.63 Million |
|
MOLSON COORS CDA EXCH.B
F:65K
|
$298.57 Million |
|
Jiangsu Sainty Corp Ltd
SHG:600287
|
$298.49 Million |
|
Kingsway Financial Services Inc
NYSE:KFS
|
$298.43 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 2024 to 2025, total equity changed from 252,824,374 to 326,557,455, a change of 73,733,081 (29.2%).
- Net income of 73,733,080 contributed positively to equity growth.
- Dividend payments of 9,526,025 reduced retained earnings.
- Other factors increased equity by 9,526,026.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥73.73 Million | +22.58% |
| Dividends Paid | CN¥9.53 Million | -2.92% |
| Other Changes | CN¥9.53 Million | +2.92% |
| Total Change | CN¥- | 29.16% |
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: 6.25x
- 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 18.29x to 6.25x 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¥16.36 | x |
| 2009-12-31 | CN¥1.24 | CN¥16.36 | x |
| 2010-12-31 | CN¥1.70 | CN¥16.36 | x |
| 2011-12-31 | CN¥3.24 | CN¥16.36 | x |
| 2012-12-31 | CN¥3.20 | CN¥16.36 | x |
| 2013-12-31 | CN¥3.58 | CN¥16.36 | x |
| 2014-12-31 | CN¥3.89 | CN¥16.36 | x |
| 2015-12-31 | CN¥6.08 | CN¥16.36 | x |
| 2016-12-31 | CN¥4.75 | CN¥16.36 | x |
| 2017-12-31 | CN¥4.90 | CN¥16.36 | x |
| 2018-12-31 | CN¥4.97 | CN¥16.36 | x |
| 2019-12-31 | CN¥5.11 | CN¥16.36 | x |
| 2020-12-31 | CN¥3.95 | CN¥16.36 | x |
| 2021-12-31 | CN¥4.51 | CN¥16.36 | x |
| 2022-12-31 | CN¥4.57 | CN¥16.36 | x |
| 2023-12-31 | CN¥3.39 | CN¥16.36 | x |
| 2024-12-31 | CN¥2.02 | CN¥16.36 | x |
| 2025-12-31 | CN¥2.62 | CN¥16.36 | 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): 22.58%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 37.99%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 2.70x
- Recent ROE (22.58%) is above the historical average (5.05%), indicating improving 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 | 15.20% | 7.59% | 0.62x | 3.23x | CN¥25.48 Million |
| 2021 | 15.08% | 8.28% | 0.63x | 2.90x | CN¥28.76 Million |
| 2022 | -6.13% | -4.90% | 0.49x | 2.54x | CN¥-93.16 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 |
| 2025 | 22.58% | 37.99% | 0.22x | 2.70x | CN¥41.08 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: $2,423,003,708
- Average return on equity (ROE) among peers: 3.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Gaoke Petrochemical Co (002778) | CN¥420.88 Million | 21.57% | 0.86x | $298.66 Million |
| Shenzhen Guangju Energy Co Ltd (000096) | $1.89 Billion | 2.22% | 0.08x | $583.34 Million |
| Xinjiang International Industry Co Ltd (000159) | $2.02 Billion | -21.70% | 0.69x | $405.16 Million |
| Shandong Shengli Co Ltd (000407) | $747.49 Million | 2.99% | 2.10x | $502.26 Million |
| Sinopec Shandong Taishan Petroleum Co Ltd (000554) | $1.12 Billion | 13.81% | 0.45x | $439.02 Million |
| Ningbo Bohui Chemical Technology (300839) | $425.86 Million | 17.78% | 1.60x | $607.73 Million |
| HY Energy Group Co Ltd (600387) | $951.73 Million | 6.28% | 0.98x | $64.39 Million |
| Sinopec Shanghai Petrochemical Co Ltd Class A (600688) | $12.65 Billion | 1.87% | 0.76x | $3.28 Billion |
| Lonyer Fuels (603003) | $808.81 Million | 0.91% | 1.11x | $134.35 Million |
| Jiangsu Lopal Tech Co Ltd (603906) | $1.19 Billion | 7.78% | 0.40x | $2.06 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