Zhejiang Jiemei Electronic and Technology Co Ltd (002859) - Net Assets
Based on the latest financial reports, Zhejiang Jiemei Electronic and Technology Co Ltd (002859) has net assets worth CN¥3.05 Billion CNY (≈ $446.08 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¥7.02 Billion ≈ $1.03 Billion USD) and total liabilities (CN¥3.97 Billion ≈ $581.63 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 Zhejiang Jiemei Electronic and Technolog (002859) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.05 Billion |
| % of Total Assets | 43.41% |
| Annual Growth Rate | 31.65% |
| 5-Year Change | 56.95% |
| 10-Year Change | 579.06% |
| Growth Volatility | 45.02 |
Zhejiang Jiemei Electronic and Technology Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Zhejiang Jiemei Electronic and Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002859 total assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Jiemei Electronic and Technology Co Ltd (2012–2024)
The table below shows the annual net assets of Zhejiang Jiemei Electronic and Technology Co Ltd from 2012 to 2024. For live valuation and market cap data, see Zhejiang Jiemei Electronic and Technolog (002859) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.96 Billion ≈ $433.84 Million |
-0.47% |
| 2023-12-31 | CN¥2.98 Billion ≈ $435.88 Million |
+7.10% |
| 2022-12-31 | CN¥2.78 Billion ≈ $406.99 Million |
+30.25% |
| 2021-12-31 | CN¥2.14 Billion ≈ $312.47 Million |
+13.04% |
| 2020-12-31 | CN¥1.89 Billion ≈ $276.42 Million |
+19.21% |
| 2019-12-31 | CN¥1.58 Billion ≈ $231.88 Million |
+1.82% |
| 2018-12-31 | CN¥1.56 Billion ≈ $227.74 Million |
+15.58% |
| 2017-12-31 | CN¥1.35 Billion ≈ $197.03 Million |
+144.24% |
| 2016-12-31 | CN¥551.29 Million ≈ $80.67 Million |
+26.27% |
| 2015-12-31 | CN¥436.60 Million ≈ $63.89 Million |
+25.79% |
| 2014-12-31 | CN¥347.07 Million ≈ $50.79 Million |
+41.42% |
| 2013-12-31 | CN¥245.42 Million ≈ $35.91 Million |
+124.35% |
| 2012-12-31 | CN¥109.39 Million ≈ $16.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Jiemei Electronic and Technology 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 3059.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.43 Billion | 48.46% |
| Common Stock | CN¥430.91 Million | 14.63% |
| Other Components | CN¥1.09 Billion | 36.91% |
| Total Equity | CN¥2.95 Billion | 100.00% |
Zhejiang Jiemei Electronic and Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Jiemei Electronic and Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ACERINOX ADR 1/2/EO-25
F:ACE
|
$3.22 Billion |
|
NovaGold Resources Inc
TO:NG
|
$3.22 Billion |
|
Hiab B
HE:HIAB
|
$3.22 Billion |
|
SKC Co. Ltd
KO:011790
|
$3.22 Billion |
|
Schneider Electric Infrastructure Limited
NSE:SCHNEIDER
|
$3.22 Billion |
|
Dialog Group Bhd
KLSE:7277
|
$3.22 Billion |
|
Asmedia Technology Inc
TW:5269
|
$3.22 Billion |
|
Bank of Guiyang Co Ltd
SHG:601997
|
$3.22 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Jiemei Electronic and Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,978,754,000 to 2,945,226,000, a change of -33,528,000 (-1.1%).
- Net income of 202,171,415 contributed positively to equity growth.
- Dividend payments of 187,632,000 reduced retained earnings.
- Share repurchases of 134,001,401 reduced equity.
- Other factors increased equity by 85,933,986.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥202.17 Million | +6.86% |
| Dividends Paid | CN¥187.63 Million | -6.37% |
| Share Repurchases | CN¥134.00 Million | -4.55% |
| Other Changes | CN¥85.93 Million | +2.92% |
| Total Change | CN¥- | -1.13% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Jiemei Electronic and Technology 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: 7.45x
- 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 139.26x to 7.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.37 | CN¥51.00 | x |
| 2013-12-31 | CN¥0.82 | CN¥51.00 | x |
| 2014-12-31 | CN¥1.16 | CN¥51.00 | x |
| 2015-12-31 | CN¥1.38 | CN¥51.00 | x |
| 2016-12-31 | CN¥1.47 | CN¥51.00 | x |
| 2017-12-31 | CN¥3.39 | CN¥51.00 | x |
| 2018-12-31 | CN¥3.82 | CN¥51.00 | x |
| 2019-12-31 | CN¥3.88 | CN¥51.00 | x |
| 2020-12-31 | CN¥4.64 | CN¥51.00 | x |
| 2021-12-31 | CN¥5.27 | CN¥51.00 | x |
| 2022-12-31 | CN¥6.45 | CN¥51.00 | x |
| 2023-12-31 | CN¥6.88 | CN¥51.00 | x |
| 2024-12-31 | CN¥6.85 | CN¥51.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Jiemei Electronic and Technology 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): 6.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.13%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.18x
- Recent ROE (6.86%) is below the historical average (15.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 28.58% | 9.47% | 0.60x | 5.05x | CN¥20.33 Million |
| 2013 | 17.04% | 10.10% | 0.69x | 2.45x | CN¥17.28 Million |
| 2014 | 16.01% | 10.70% | 0.65x | 2.30x | CN¥20.86 Million |
| 2015 | 20.45% | 15.13% | 0.69x | 1.96x | CN¥45.64 Million |
| 2016 | 25.05% | 18.33% | 0.66x | 2.07x | CN¥82.99 Million |
| 2017 | 14.57% | 19.69% | 0.64x | 1.16x | CN¥61.57 Million |
| 2018 | 17.69% | 21.00% | 0.62x | 1.36x | CN¥119.67 Million |
| 2019 | 7.44% | 12.44% | 0.45x | 1.33x | CN¥-40.51 Million |
| 2020 | 15.31% | 20.29% | 0.44x | 1.72x | CN¥100.35 Million |
| 2021 | 18.21% | 20.90% | 0.46x | 1.89x | CN¥175.41 Million |
| 2022 | 5.96% | 12.75% | 0.27x | 1.73x | CN¥-112.26 Million |
| 2023 | 8.58% | 16.26% | 0.31x | 1.73x | CN¥-42.26 Million |
| 2024 | 6.86% | 11.13% | 0.28x | 2.18x | CN¥-92.35 Million |
Industry Comparison
This section compares Zhejiang Jiemei Electronic and Technology 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 |
|---|---|---|---|---|
| Zhejiang Jiemei Electronic and Technology Co Ltd (002859) | CN¥3.05 Billion | 28.58% | 1.30x | $3.22 Billion |
| 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 Zhejiang Jiemei Electronic and Technology Co Ltd
Zhejiang Jiemei Electronic And Technology Co., Ltd., together with its subsidiaries, engages in the research and development, production, and sales of electronic packaging materials, electronic-grade film materials, and composite current collectors in China and internationally. The company offers paper carrier tapes consisting of base paper for carrier tapes, un-punched paper tapes, pre-punched p… Read more