Jade Bird Fire Alarm (002960) - Net Assets

Latest as of March 2026: CN¥6.69 Billion CNY ≈ $979.28 Million USD

Based on the latest financial reports, Jade Bird Fire Alarm (002960) has net assets worth CN¥6.69 Billion CNY (≈ $979.28 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¥10.42 Billion ≈ $1.52 Billion USD) and total liabilities (CN¥3.72 Billion ≈ $545.06 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 Jade Bird Fire Alarm (002960) strategic asset index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.69 Billion
% of Total Assets	64.24%
Annual Growth Rate	32.98%
5-Year Change	82.88%
10-Year Change	735.17%
Growth Volatility	24.25

Jade Bird Fire Alarm - Net Assets Trend (2011–2025)

This chart illustrates how Jade Bird Fire Alarm's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Jade Bird Fire Alarm stock valuation.

Annual Net Assets for Jade Bird Fire Alarm (2011–2025)

The table below shows the annual net assets of Jade Bird Fire Alarm from 2011 to 2025. Also explore net asset momentum of Jade Bird Fire Alarm to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥6.81 Billion ≈ $996.26 Million	+5.73%
2024-12-31	CN¥6.44 Billion ≈ $942.27 Million	-0.57%
2023-12-31	CN¥6.48 Billion ≈ $947.69 Million	+8.03%
2022-12-31	CN¥6.00 Billion ≈ $877.27 Million	+61.04%
2021-12-31	CN¥3.72 Billion ≈ $544.77 Million	+19.94%
2020-12-31	CN¥3.10 Billion ≈ $454.19 Million	+12.09%
2019-12-31	CN¥2.77 Billion ≈ $405.20 Million	+86.62%
2018-12-31	CN¥1.48 Billion ≈ $217.12 Million	+30.53%
2017-12-31	CN¥1.14 Billion ≈ $166.34 Million	+39.44%
2016-12-31	CN¥815.19 Million ≈ $119.29 Million	+38.87%
2015-12-31	CN¥587.03 Million ≈ $85.90 Million	+38.50%
2014-12-31	CN¥423.84 Million ≈ $62.02 Million	+35.66%
2013-12-31	CN¥312.42 Million ≈ $45.72 Million	+67.36%
2012-12-31	CN¥186.68 Million ≈ $27.32 Million	+48.30%
2011-12-31	CN¥125.88 Million ≈ $18.42 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Jade Bird Fire Alarm'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 4111.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥3.25 Billion	50.71%
Other Components	CN¥3.16 Billion	49.29%
Total Equity	CN¥6.41 Billion	100.00%

Jade Bird Fire Alarm Competitors by Market Cap

The table below lists competitors of Jade Bird Fire Alarm ranked by their market capitalization.

Company	Market Cap
VGI Public Company Limited BK:VGI-R	$1.34 Billion
American Assets Trust Inc NYSE:AAT	$1.34 Billion
IDT Corporation NYSE:IDT	$1.34 Billion
Fresh Del Monte Produce Inc NYSE:FDP	$1.34 Billion
Amore Group KO:002790	$1.34 Billion
Shandong Linuo Technical Glass Co.Ltd. SHE:301188	$1.34 Billion
Inox Wind Energy Limited NSE:IWEL	$1.34 Billion
BigBearai Holdings Inc NYSE:BBAI	$1.34 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Jade Bird Fire Alarm's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 6,088,752,000 to 6,407,652,798, a change of 318,900,798 (5.2%).
Net income of 319,618,817 contributed positively to equity growth.
Dividend payments of 177,518,911 reduced retained earnings.
Other factors increased equity by 176,800,892.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥319.62 Million	+4.99%
Dividends Paid	CN¥177.52 Million	-2.77%
Other Changes	CN¥176.80 Million	+2.76%
Total Change	CN¥-	5.24%

Book Value vs Market Value Analysis

This analysis compares Jade Bird Fire Alarm'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: 1.43x
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 10.76x to 1.43x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2011-12-31	CN¥0.81	CN¥8.70	x
2012-12-31	CN¥0.39	CN¥8.70	x
2013-12-31	CN¥0.67	CN¥8.70	x
2014-12-31	CN¥0.91	CN¥8.70	x
2015-12-31	CN¥1.27	CN¥8.70	x
2016-12-31	CN¥1.75	CN¥8.70	x
2017-12-31	CN¥2.45	CN¥8.70	x
2018-12-31	CN¥3.21	CN¥8.70	x
2019-12-31	CN¥5.38	CN¥8.70	x
2020-12-31	CN¥4.98	CN¥8.70	x
2021-12-31	CN¥5.48	CN¥8.70	x
2022-12-31	CN¥9.03	CN¥8.70	x
2023-12-31	CN¥8.49	CN¥8.70	x
2024-12-31	CN¥8.36	CN¥8.70	x
2025-12-31	CN¥6.07	CN¥8.70	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jade Bird Fire Alarm 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): 4.99%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.80%
• Asset Turnover: 0.45x
• Equity Multiplier: 1.61x
Recent ROE (4.99%) is below the historical average (23.98%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2011	43.73%	17.72%	1.15x	2.15x	CN¥40.78 Million
2012	43.51%	18.47%	1.23x	1.91x	CN¥60.72 Million
2013	40.52%	19.48%	1.15x	1.81x	CN¥93.06 Million
2014	36.19%	18.79%	1.18x	1.63x	CN¥108.90 Million
2015	35.05%	21.33%	0.96x	1.71x	CN¥145.21 Million
2016	35.37%	22.15%	0.96x	1.66x	CN¥203.67 Million
2017	28.68%	21.89%	0.85x	1.54x	CN¥210.28 Million
2018	23.40%	19.36%	0.82x	1.48x	CN¥197.03 Million
2019	13.20%	15.95%	0.63x	1.32x	CN¥87.87 Million
2020	13.95%	17.03%	0.58x	1.41x	CN¥121.83 Million
2021	14.95%	13.71%	0.68x	1.60x	CN¥175.50 Million
2022	9.82%	12.38%	0.57x	1.39x	CN¥-10.48 Million
2023	10.57%	13.25%	0.59x	1.36x	CN¥35.24 Million
2024	5.80%	7.17%	0.55x	1.46x	CN¥-255.83 Million
2025	4.99%	6.80%	0.45x	1.61x	CN¥-321.15 Million

Industry Comparison

This section compares Jade Bird Fire Alarm's net assets metrics with peer companies in the Security & Protection Services industry.

Industry Context

Industry: Security & Protection Services
Average net assets among peers: $1,150,569,593
Average return on equity (ROE) among peers: 13.07%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jade Bird Fire Alarm (002960)	CN¥6.69 Billion	43.73%	0.56x	$1.34 Billion
Zhejiang Dahua Technology Co Ltd (002236)	$1.17 Billion	22.17%	0.51x	$7.57 Billion
Shenzhen Infinova Ltd (002528)	$3.80 Billion	2.30%	1.04x	$1.13 Billion
Shenzhen TVT Digital Technology Co Ltd (002835)	$650.74 Million	3.14%	0.22x	$414.98 Million
Beijing Telesound Electronics Co Ltd (003004)	$171.90 Million	40.68%	1.32x	$732.40 Million
Hangzhou Century Co Ltd (300078)	$529.03 Million	-12.71%	0.83x	$438.39 Million
Guangdong Anjubao Digital Tech (300155)	$1.12 Billion	9.05%	0.16x	$350.67 Million
Xiamen Meiya Pico Information (300188)	$2.35 Billion	11.56%	0.32x	$1.29 Billion
Joyware Electronics Co Ltd (300270)	$50.09 Million	36.16%	0.29x	$465.26 Million
Chongqing Mas Sci&Tech (300275)	$507.08 Million	5.24%	0.50x	$403.83 Million

About Jade Bird Fire Alarm

SHE:002960 China Security & Protection Services

Market Cap

$1.34 Billion

CN¥9.17 Billion CNY

Market Cap Rank

#7705 Global

#1718 in China

Share Price

CN¥8.70

Change (1 day)

+3.94%

52-Week Range

CN¥7.39 - CN¥13.37

All Time High

CN¥26.65