Jiangxi Sanchuan Water Meter
Sanchuan Wisdom Technology Co., Ltd. manufactures and sells water meters under the San Chuan brand. The company offers Internet of things, wireless remote, dry direct reading remote, non-contact IC card, mechanical, electromagnetic, ultrasonic, no negative pressure, and smart water meters. The company was formerly known as Jiangxi Sanchuan Water Meter Co., Ltd. and changed its name to Sanchuan Wi… Read more
Jiangxi Sanchuan Water Meter (300066) - Net Assets
Latest net assets as of September 2025: CN¥2.70 Billion CNY
Based on the latest financial reports, Jiangxi Sanchuan Water Meter (300066) has net assets worth CN¥2.70 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.21 Billion) and total liabilities (CN¥505.08 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.70 Billion |
| % of Total Assets | 84.25% |
| Annual Growth Rate | 20.06% |
| 5-Year Change | 25.82% |
| 10-Year Change | 77.39% |
| Growth Volatility | 84.19 |
Jiangxi Sanchuan Water Meter - Net Assets Trend (2007–2024)
This chart illustrates how Jiangxi Sanchuan Water Meter's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jiangxi Sanchuan Water Meter (2007–2024)
The table below shows the annual net assets of Jiangxi Sanchuan Water Meter from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.58 Billion | -2.18% |
| 2023-12-31 | CN¥2.64 Billion | +8.45% |
| 2022-12-31 | CN¥2.43 Billion | +11.96% |
| 2021-12-31 | CN¥2.17 Billion | +5.94% |
| 2020-12-31 | CN¥2.05 Billion | +9.62% |
| 2019-12-31 | CN¥1.87 Billion | +10.59% |
| 2018-12-31 | CN¥1.69 Billion | +4.72% |
| 2017-12-31 | CN¥1.62 Billion | +3.97% |
| 2016-12-31 | CN¥1.55 Billion | +6.81% |
| 2015-12-31 | CN¥1.46 Billion | +18.73% |
| 2014-12-31 | CN¥1.23 Billion | +10.76% |
| 2013-12-31 | CN¥1.11 Billion | +11.39% |
| 2012-12-31 | CN¥993.95 Million | +7.63% |
| 2011-12-31 | CN¥923.48 Million | +8.86% |
| 2010-12-31 | CN¥848.31 Million | +366.30% |
| 2009-12-31 | CN¥181.92 Million | +43.91% |
| 2008-12-31 | CN¥126.42 Million | +9.60% |
| 2007-12-31 | CN¥115.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangxi Sanchuan Water Meter'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 2523.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.15 Billion | 46.15% |
| Common Stock | CN¥1.04 Billion | 41.57% |
| Other Comprehensive Income | CN¥295.71 Million | 11.82% |
| Other Components | CN¥11.61 Million | 0.46% |
| Total Equity | CN¥2.50 Billion | 100.00% |
Jiangxi Sanchuan Water Meter Competitors by Market Cap
The table below lists competitors of Jiangxi Sanchuan Water Meter ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cascades Inc
PINK:CADNF
|
$571.95 Million |
|
Dalian Demaishi Precision Technology Co.Ltd
SHE:301007
|
$571.98 Million |
|
Bloks Group Limited
F:G0E
|
$572.14 Million |
|
Zephyrus Wing Energies Ltd
TA:ZPRS
|
$572.20 Million |
|
Grandjoy Holdings Group Co Ltd
SHE:000031
|
$571.80 Million |
|
GCH Technology Co. Ltd. A
SHG:688625
|
$571.77 Million |
|
Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd
SHG:600379
|
$571.54 Million |
|
Sana Biotechnology Inc
NASDAQ:SANA
|
$571.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangxi Sanchuan Water Meter's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,472,445,157 to 2,502,048,502, a change of 29,603,345 (1.2%).
- Net income of 63,767,759 contributed positively to equity growth.
- Dividend payments of 60,353,353 reduced retained earnings.
- Other comprehensive income increased equity by 40,672,264.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥63.77 Million | +2.55% |
| Dividends Paid | CN¥60.35 Million | -2.41% |
| Other Comprehensive Income | CN¥40.67 Million | +1.63% |
| Other Changes | CN¥-14.48 Million | -0.58% |
| Total Change | CN¥- | 1.20% |
Book Value vs Market Value Analysis
This analysis compares Jiangxi Sanchuan Water Meter'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: 2.86x
- 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 42.07x to 2.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.16 | CN¥6.87 | x |
| 2008-12-31 | CN¥0.17 | CN¥6.87 | x |
| 2009-12-31 | CN¥0.24 | CN¥6.87 | x |
| 2010-12-31 | CN¥0.90 | CN¥6.87 | x |
| 2011-12-31 | CN¥0.87 | CN¥6.87 | x |
| 2012-12-31 | CN¥0.93 | CN¥6.87 | x |
| 2013-12-31 | CN¥1.00 | CN¥6.87 | x |
| 2014-12-31 | CN¥1.11 | CN¥6.87 | x |
| 2015-12-31 | CN¥1.32 | CN¥6.87 | x |
| 2016-12-31 | CN¥1.41 | CN¥6.87 | x |
| 2017-12-31 | CN¥1.46 | CN¥6.87 | x |
| 2018-12-31 | CN¥1.54 | CN¥6.87 | x |
| 2019-12-31 | CN¥1.70 | CN¥6.87 | x |
| 2020-12-31 | CN¥1.86 | CN¥6.87 | x |
| 2021-12-31 | CN¥1.97 | CN¥6.87 | x |
| 2022-12-31 | CN¥2.16 | CN¥6.87 | x |
| 2023-12-31 | CN¥2.38 | CN¥6.87 | x |
| 2024-12-31 | CN¥2.41 | CN¥6.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangxi Sanchuan Water Meter 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): 2.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.33%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.17x
- Recent ROE (2.55%) is below the historical average (12.18%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 27.70% | 12.62% | 1.22x | 1.81x | CN¥20.42 Million |
| 2008 | 28.36% | 12.52% | 1.42x | 1.59x | CN¥22.39 Million |
| 2009 | 35.06% | 19.54% | 1.19x | 1.50x | CN¥43.51 Million |
| 2010 | 7.91% | 17.31% | 0.41x | 1.11x | CN¥-17.41 Million |
| 2011 | 7.15% | 13.50% | 0.44x | 1.21x | CN¥-25.01 Million |
| 2012 | 8.39% | 12.79% | 0.55x | 1.20x | CN¥-15.08 Million |
| 2013 | 9.99% | 14.92% | 0.55x | 1.23x | CN¥-148.11K |
| 2014 | 11.15% | 17.97% | 0.49x | 1.26x | CN¥12.92 Million |
| 2015 | 10.22% | 21.51% | 0.40x | 1.18x | CN¥2.97 Million |
| 2016 | 9.14% | 19.22% | 0.39x | 1.21x | CN¥-12.63 Million |
| 2017 | 5.20% | 12.96% | 0.34x | 1.19x | CN¥-72.97 Million |
| 2018 | 6.12% | 14.23% | 0.36x | 1.19x | CN¥-61.96 Million |
| 2019 | 10.82% | 19.38% | 0.45x | 1.24x | CN¥14.53 Million |
| 2020 | 11.08% | 22.88% | 0.40x | 1.22x | CN¥20.86 Million |
| 2021 | 9.24% | 20.20% | 0.38x | 1.20x | CN¥-15.49 Million |
| 2022 | 9.54% | 16.06% | 0.44x | 1.34x | CN¥-10.27 Million |
| 2023 | 9.71% | 10.50% | 0.70x | 1.32x | CN¥-7.26 Million |
| 2024 | 2.55% | 4.33% | 0.50x | 1.17x | CN¥-186.44 Million |
Industry Comparison
This section compares Jiangxi Sanchuan Water Meter's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangxi Sanchuan Water Meter (300066) | CN¥2.70 Billion | 27.70% | 0.19x | $571.87 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |