Jiamei Food Packaging Chuzhou Co (002969) - Net Assets
Based on the latest financial reports, Jiamei Food Packaging Chuzhou Co (002969) has net assets worth CN¥2.40 Billion CNY (≈ $351.49 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¥4.31 Billion ≈ $630.29 Million USD) and total liabilities (CN¥1.91 Billion ≈ $278.80 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 002969 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.40 Billion |
| % of Total Assets | 55.77% |
| Annual Growth Rate | 12.95% |
| 5-Year Change | 16.17% |
| 10-Year Change | 101.57% |
| Growth Volatility | 19.7 |
Jiamei Food Packaging Chuzhou Co - Net Assets Trend (2013–2024)
This chart illustrates how Jiamei Food Packaging Chuzhou Co's net assets have evolved over time, based on quarterly financial data. Also explore how large is Jiamei Food Packaging Chuzhou Co's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Jiamei Food Packaging Chuzhou Co (2013–2024)
The table below shows the annual net assets of Jiamei Food Packaging Chuzhou Co from 2013 to 2024. For live valuation and market cap data, see 002969 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.44 Billion ≈ $356.54 Million |
-3.20% |
| 2023-12-31 | CN¥2.52 Billion ≈ $368.31 Million |
+5.88% |
| 2022-12-31 | CN¥2.38 Billion ≈ $347.87 Million |
+0.81% |
| 2021-12-31 | CN¥2.36 Billion ≈ $345.08 Million |
+12.44% |
| 2020-12-31 | CN¥2.10 Billion ≈ $306.92 Million |
+0.84% |
| 2019-12-31 | CN¥2.08 Billion ≈ $304.37 Million |
+30.01% |
| 2018-12-31 | CN¥1.60 Billion ≈ $234.11 Million |
+11.97% |
| 2017-12-31 | CN¥1.43 Billion ≈ $209.08 Million |
+0.81% |
| 2016-12-31 | CN¥1.42 Billion ≈ $207.40 Million |
+17.26% |
| 2015-12-31 | CN¥1.21 Billion ≈ $176.88 Million |
+11.58% |
| 2014-12-31 | CN¥1.08 Billion ≈ $158.52 Million |
+69.74% |
| 2013-12-31 | CN¥638.19 Million ≈ $93.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiamei Food Packaging Chuzhou 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 41.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥519.24 Million | 21.31% |
| Common Stock | CN¥959.04 Million | 39.36% |
| Other Components | CN¥958.23 Million | 39.33% |
| Total Equity | CN¥2.44 Billion | 100.00% |
Jiamei Food Packaging Chuzhou Co Competitors by Market Cap
The table below lists competitors of Jiamei Food Packaging Chuzhou Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
UCO Bank
NSE:UCOBANK
|
$3.63 Billion |
|
Benefit Systems SA
WAR:BFT
|
$3.63 Billion |
|
TransAlta Corp
TO:TA
|
$3.64 Billion |
|
Golub Capital BDC Inc
NASDAQ:GBDC
|
$3.64 Billion |
|
Garden Reach Shipbuilders & Engineers Limited
NSE:GRSE
|
$3.63 Billion |
|
Gitlab Inc
NASDAQ:GTLB
|
$3.63 Billion |
|
Enova International Inc
NYSE:ENVA
|
$3.63 Billion |
|
Rubis SCA
PA:RUI
|
$3.63 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiamei Food Packaging Chuzhou Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,516,986,772 to 2,436,509,032, a change of -80,477,740 (-3.2%).
- Net income of 183,273,349 contributed positively to equity growth.
- Dividend payments of 277,789,700 reduced retained earnings.
- Share repurchases of 354,516 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥183.27 Million | +7.52% |
| Dividends Paid | CN¥277.79 Million | -11.4% |
| Share Repurchases | CN¥354.52K | -0.01% |
| Other Changes | CN¥14.39 Million | +0.59% |
| Total Change | CN¥- | -3.20% |
Book Value vs Market Value Analysis
This analysis compares Jiamei Food Packaging Chuzhou 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: 8.90x
- 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 30.75x to 8.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.73 | CN¥22.60 | x |
| 2014-12-31 | CN¥1.08 | CN¥22.60 | x |
| 2015-12-31 | CN¥1.22 | CN¥22.60 | x |
| 2016-12-31 | CN¥1.66 | CN¥22.60 | x |
| 2017-12-31 | CN¥1.68 | CN¥22.60 | x |
| 2018-12-31 | CN¥1.87 | CN¥22.60 | x |
| 2019-12-31 | CN¥2.40 | CN¥22.60 | x |
| 2020-12-31 | CN¥2.19 | CN¥22.60 | x |
| 2021-12-31 | CN¥2.26 | CN¥22.60 | x |
| 2022-12-31 | CN¥2.47 | CN¥22.60 | x |
| 2023-12-31 | CN¥2.63 | CN¥22.60 | x |
| 2024-12-31 | CN¥2.54 | CN¥22.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiamei Food Packaging Chuzhou 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): 7.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.73%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.84x
- Recent ROE (7.52%) is below the historical average (12.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 30.53% | 9.00% | 1.14x | 2.98x | CN¥128.09 Million |
| 2014 | 27.59% | 8.81% | 1.05x | 2.98x | CN¥161.33 Million |
| 2015 | 23.01% | 8.14% | 0.97x | 2.93x | CN¥134.44 Million |
| 2016 | 20.38% | 8.48% | 0.95x | 2.53x | CN¥127.11 Million |
| 2017 | 3.92% | 2.04% | 0.80x | 2.41x | CN¥-86.98 Million |
| 2018 | 10.82% | 5.85% | 0.87x | 2.13x | CN¥13.13 Million |
| 2019 | 8.27% | 6.55% | 0.69x | 1.82x | CN¥-36.08 Million |
| 2020 | 1.65% | 1.73% | 0.55x | 1.72x | CN¥-175.20 Million |
| 2021 | 6.95% | 4.75% | 0.74x | 1.98x | CN¥-71.90 Million |
| 2022 | 0.72% | 0.57% | 0.67x | 1.88x | CN¥-220.70 Million |
| 2023 | 6.13% | 4.90% | 0.72x | 1.74x | CN¥-97.40 Million |
| 2024 | 7.52% | 5.73% | 0.71x | 1.84x | CN¥-60.38 Million |
Industry Comparison
This section compares Jiamei Food Packaging Chuzhou Co's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $2,177,553,438
- Average return on equity (ROE) among peers: 2.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiamei Food Packaging Chuzhou Co (002969) | CN¥2.40 Billion | 30.53% | 0.79x | $3.63 Billion |
| Zhuhai Zhongfu Enterprise Co Ltd (000659) | $2.42 Billion | 2.89% | 1.12x | $758.20 Million |
| Huangshan Novel Co Ltd (002014) | $1.51 Billion | 11.70% | 0.26x | $1.00 Billion |
| Shenzhen Jinjia Color Printing Group Co Ltd (002191) | $4.37 Billion | 16.48% | 0.23x | $805.15 Million |
| Xiamen Hexing Packaging Printing Co Ltd (002228) | $830.41 Million | 8.56% | 0.96x | $692.47 Million |
| Shenzhen Beauty Star Co Ltd (002243) | $128.26 Million | 25.54% | 1.46x | $1.51 Billion |
| Zhejiang Great Southeast Co Ltd (002263) | $2.79 Billion | -6.65% | 0.42x | $1.11 Billion |
| Shenzhen MYS Environmental Protection & Technology Co Ltd (002303) | $4.97 Billion | 2.71% | 0.49x | $761.87 Million |
| Shandong Lipeng Co Ltd (002374) | $1.32 Billion | -51.89% | 1.91x | $511.34 Million |
| Zhejiang Zhongcheng Packing Material Co Ltd (002522) | $1.36 Billion | 4.42% | 0.28x | $841.65 Million |
| Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565) | $2.06 Billion | 11.10% | 0.50x | $2.95 Billion |
About Jiamei Food Packaging Chuzhou Co
Jiamei Food Packaging (Chuzhou) Co.,Ltd researches, develops, produces, designs, and sells food and beverage packaging containers in China. The company offers three-piece, two-piece, ABC, TBC, and SBC cans; tinplate printing, aseptic paper packaging, and beverage filling services. Jiamei Food Packaging (Chuzhou) Co.,Ltd was incorporated in 2011 and is based in Chuzhou, China.