Guangzhou Jointas Chemical Joint Stock Co Ltd (002909) - Net Assets
Based on the latest financial reports, Guangzhou Jointas Chemical Joint Stock Co Ltd (002909) has net assets worth CN¥898.41 Million CNY (≈ $131.47 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¥2.25 Billion ≈ $329.56 Million USD) and total liabilities (CN¥1.35 Billion ≈ $198.10 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 how resilient are Guangzhou Jointas Chemical Joint Stock C's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥898.41 Million |
| % of Total Assets | 39.89% |
| Annual Growth Rate | 16.94% |
| 5-Year Change | 9.03% |
| 10-Year Change | 292.25% |
| Growth Volatility | 30.77 |
Guangzhou Jointas Chemical Joint Stock Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Guangzhou Jointas Chemical Joint Stock Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002909 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Guangzhou Jointas Chemical Joint Stock Co Ltd (2012–2024)
The table below shows the annual net assets of Guangzhou Jointas Chemical Joint Stock Co Ltd from 2012 to 2024. For live valuation and market cap data, see market value of Guangzhou Jointas Chemical Joint Stock C.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥947.76 Million ≈ $138.69 Million |
+11.21% |
| 2023-12-31 | CN¥852.23 Million ≈ $124.71 Million |
-0.28% |
| 2022-12-31 | CN¥854.62 Million ≈ $125.06 Million |
+1.17% |
| 2021-12-31 | CN¥844.72 Million ≈ $123.61 Million |
-2.82% |
| 2020-12-31 | CN¥869.27 Million ≈ $127.20 Million |
+64.84% |
| 2019-12-31 | CN¥527.33 Million ≈ $77.17 Million |
+14.35% |
| 2018-12-31 | CN¥461.15 Million ≈ $67.48 Million |
-4.87% |
| 2017-12-31 | CN¥484.77 Million ≈ $70.94 Million |
+95.16% |
| 2016-12-31 | CN¥248.39 Million ≈ $36.35 Million |
+2.80% |
| 2015-12-31 | CN¥241.62 Million ≈ $35.36 Million |
+26.66% |
| 2014-12-31 | CN¥190.77 Million ≈ $27.91 Million |
+43.42% |
| 2013-12-31 | CN¥133.01 Million ≈ $19.46 Million |
-8.25% |
| 2012-12-31 | CN¥144.97 Million ≈ $21.21 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guangzhou Jointas Chemical Joint Stock 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 431.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥179.39 Million | 18.93% |
| Common Stock | CN¥390.00 Million | 41.15% |
| Other Components | CN¥378.37 Million | 39.92% |
| Total Equity | CN¥947.76 Million | 100.00% |
Guangzhou Jointas Chemical Joint Stock Co Ltd Competitors by Market Cap
The table below lists competitors of Guangzhou Jointas Chemical Joint Stock Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Xinguang Pharmaceutical Co Ltd
SHE:300519
|
$381.87 Million |
|
Source Capital Closed Fund
NYSE:SOR
|
$382.11 Million |
|
Patrimoine et Commerce SA
PA:PAT
|
$382.37 Million |
|
Home Invest Belgium - Sifi
BR:HOMI
|
$382.40 Million |
|
Coca-Cola Europacific Partners PLC
LSE:CCEP
|
$381.77 Million |
|
MCBC Holdings Inc
NASDAQ:MCFT
|
$381.72 Million |
|
Raisio Oyj Vaihto-osake
HE:RAIVV
|
$381.57 Million |
|
Namhae Chemical
KO:025860
|
$381.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangzhou Jointas Chemical Joint Stock Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 851,919,312 to 947,759,072, a change of 95,839,760 (11.2%).
- Net income of 19,280,005 contributed positively to equity growth.
- Dividend payments of 41,352,112 reduced retained earnings.
- Share repurchases of 65,606,729 reduced equity.
- Other comprehensive income decreased equity by 59,130,248.
- Other factors increased equity by 242,648,844.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥19.28 Million | +2.03% |
| Dividends Paid | CN¥41.35 Million | -4.36% |
| Share Repurchases | CN¥65.61 Million | -6.92% |
| Other Comprehensive Income | CN¥-59.13 Million | -6.24% |
| Other Changes | CN¥242.65 Million | +25.6% |
| Total Change | CN¥- | 11.25% |
Book Value vs Market Value Analysis
This analysis compares Guangzhou Jointas Chemical Joint Stock 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: 2.78x
- 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 11.48x to 2.78x 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¥0.58 | CN¥6.69 | x |
| 2013-12-31 | CN¥0.53 | CN¥6.69 | x |
| 2014-12-31 | CN¥0.77 | CN¥6.69 | x |
| 2015-12-31 | CN¥0.97 | CN¥6.69 | x |
| 2016-12-31 | CN¥1.00 | CN¥6.69 | x |
| 2017-12-31 | CN¥1.86 | CN¥6.69 | x |
| 2018-12-31 | CN¥1.38 | CN¥6.69 | x |
| 2019-12-31 | CN¥1.58 | CN¥6.69 | x |
| 2020-12-31 | CN¥2.63 | CN¥6.69 | x |
| 2021-12-31 | CN¥2.26 | CN¥6.69 | x |
| 2022-12-31 | CN¥2.29 | CN¥6.69 | x |
| 2023-12-31 | CN¥2.29 | CN¥6.69 | x |
| 2024-12-31 | CN¥2.41 | CN¥6.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangzhou Jointas Chemical Joint Stock 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): 2.03%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.50%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.38x
- Recent ROE (2.03%) is below the historical average (11.94%), 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 | 22.90% | 8.14% | 1.49x | 1.89x | CN¥18.71 Million |
| 2013 | 27.13% | 7.96% | 1.32x | 2.58x | CN¥22.78 Million |
| 2014 | 14.48% | 5.15% | 1.25x | 2.25x | CN¥8.55 Million |
| 2015 | 20.26% | 9.67% | 1.18x | 1.78x | CN¥24.79 Million |
| 2016 | 17.19% | 8.52% | 1.07x | 1.88x | CN¥17.85 Million |
| 2017 | 9.33% | 5.64% | 0.97x | 1.70x | CN¥-3.23 Million |
| 2018 | 4.06% | 2.01% | 1.06x | 1.90x | CN¥-27.37 Million |
| 2019 | 16.43% | 8.41% | 1.02x | 1.92x | CN¥33.43 Million |
| 2020 | 12.98% | 8.88% | 0.76x | 1.92x | CN¥25.67 Million |
| 2021 | 6.02% | 3.03% | 0.89x | 2.24x | CN¥-33.57 Million |
| 2022 | 1.19% | 0.70% | 0.77x | 2.21x | CN¥-75.24 Million |
| 2023 | 1.20% | 0.77% | 0.68x | 2.31x | CN¥-74.95 Million |
| 2024 | 2.03% | 1.50% | 0.57x | 2.38x | CN¥-75.50 Million |
Industry Comparison
This section compares Guangzhou Jointas Chemical Joint Stock 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 |
|---|---|---|---|---|
| Guangzhou Jointas Chemical Joint Stock Co Ltd (002909) | CN¥898.41 Million | 22.90% | 1.51x | $381.79 Million |
| 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 Guangzhou Jointas Chemical Joint Stock Co Ltd
Guangzhou Jointas Chemical Co., Ltd. engages in the research, development, production, and sale of sealants and coatings in China. The company offers construction, home improvement, electronic, automobile and ship, and solar photovoltaic glue products, as well as construction and industrial adhesives and paints. It sells its products under the Antai and Jitai brands. Guangzhou Jointas Chemical Co… Read more