Jiangsu Changhai Compos Material
Jiangsu Changhai Composite Materials Co., Ltd engages in the research and development, production, and sale of glass fiber products and composite materials. It offers glass fiber yarns, which include felt yarn, transparent board yarn, continuous fiberglass pipe, SMC sheet yarn, textile direct yarn, chopped fiber, direct yarn, jet yarn, roof yarn, ply yarn, ply-type pultruded yarn, glass fiber cho… Read more
Jiangsu Changhai Compos Material (300196) - Net Assets
Latest net assets as of September 2025: CN¥4.75 Billion CNY
Based on the latest financial reports, Jiangsu Changhai Compos Material (300196) has net assets worth CN¥4.75 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¥7.48 Billion) and total liabilities (CN¥2.72 Billion). 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¥4.75 Billion |
| % of Total Assets | 63.6% |
| Annual Growth Rate | 25.59% |
| 5-Year Change | 56.13% |
| 10-Year Change | 205.59% |
| Growth Volatility | 53.14 |
Jiangsu Changhai Compos Material - Net Assets Trend (2007–2024)
This chart illustrates how Jiangsu Changhai Compos Material's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jiangsu Changhai Compos Material (2007–2024)
The table below shows the annual net assets of Jiangsu Changhai Compos Material from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.62 Billion | +3.68% |
| 2023-12-31 | CN¥4.46 Billion | +5.03% |
| 2022-12-31 | CN¥4.25 Billion | +21.63% |
| 2021-12-31 | CN¥3.49 Billion | +17.88% |
| 2020-12-31 | CN¥2.96 Billion | +8.39% |
| 2019-12-31 | CN¥2.73 Billion | +8.12% |
| 2018-12-31 | CN¥2.53 Billion | +3.01% |
| 2017-12-31 | CN¥2.45 Billion | +5.95% |
| 2016-12-31 | CN¥2.32 Billion | +53.02% |
| 2015-12-31 | CN¥1.51 Billion | +32.81% |
| 2014-12-31 | CN¥1.14 Billion | +12.41% |
| 2013-12-31 | CN¥1.01 Billion | +11.88% |
| 2012-12-31 | CN¥905.79 Million | +8.08% |
| 2011-12-31 | CN¥838.07 Million | +230.88% |
| 2010-12-31 | CN¥253.28 Million | +22.62% |
| 2009-12-31 | CN¥206.56 Million | +21.90% |
| 2008-12-31 | CN¥169.46 Million | +76.52% |
| 2007-12-31 | CN¥96.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Changhai Compos Material'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 25474.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.07 Billion | 66.21% |
| Common Stock | CN¥408.72 Million | 8.83% |
| Other Components | CN¥1.16 Billion | 24.96% |
| Total Equity | CN¥4.63 Billion | 100.00% |
Jiangsu Changhai Compos Material Competitors by Market Cap
The table below lists competitors of Jiangsu Changhai Compos Material ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Black Peony Group Co Ltd
SHG:600510
|
$433.47 Million |
|
Petroreconcavo S.A
SA:RECV3
|
$433.71 Million |
|
CareRay Digital Medical Technology Co Ltd
SHG:688607
|
$433.85 Million |
|
Shanghai Baosteel Packaging
SHG:601968
|
$433.98 Million |
|
IFCI Limited
NSE:IFCI
|
$433.35 Million |
|
transcosmos inc
PINK:TRCLF
|
$433.28 Million |
|
Atalaya Mining Plc
PINK:ATLMF
|
$433.10 Million |
|
Zhejiang Jindun Fans Co Ltd
SHE:300411
|
$433.09 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Changhai Compos Material's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,464,545,000 to 4,629,708,000, a change of 165,163,000 (3.7%).
- Net income of 274,781,000 contributed positively to equity growth.
- Dividend payments of 89,639,000 reduced retained earnings.
- Share repurchases of 48,375,901 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥274.78 Million | +5.94% |
| Dividends Paid | CN¥89.64 Million | -1.94% |
| Share Repurchases | CN¥48.38 Million | -1.04% |
| Other Changes | CN¥28.40 Million | +0.61% |
| Total Change | CN¥- | 3.70% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Changhai Compos Material'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: 1.71x
- 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 65.60x to 1.71x 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¥0.27 | CN¥17.98 | x |
| 2008-12-31 | CN¥0.58 | CN¥17.98 | x |
| 2009-12-31 | CN¥0.61 | CN¥17.98 | x |
| 2010-12-31 | CN¥0.78 | CN¥17.98 | x |
| 2011-12-31 | CN¥2.24 | CN¥17.98 | x |
| 2012-12-31 | CN¥2.27 | CN¥17.98 | x |
| 2013-12-31 | CN¥2.55 | CN¥17.98 | x |
| 2014-12-31 | CN¥2.88 | CN¥17.98 | x |
| 2015-12-31 | CN¥3.36 | CN¥17.98 | x |
| 2016-12-31 | CN¥5.73 | CN¥17.98 | x |
| 2017-12-31 | CN¥5.72 | CN¥17.98 | x |
| 2018-12-31 | CN¥5.92 | CN¥17.98 | x |
| 2019-12-31 | CN¥6.57 | CN¥17.98 | x |
| 2020-12-31 | CN¥7.22 | CN¥17.98 | x |
| 2021-12-31 | CN¥7.87 | CN¥17.98 | x |
| 2022-12-31 | CN¥9.83 | CN¥17.98 | x |
| 2023-12-31 | CN¥10.71 | CN¥17.98 | x |
| 2024-12-31 | CN¥10.49 | CN¥17.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Changhai Compos Material 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): 5.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.32%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.54x
- Recent ROE (5.94%) is below the historical average (12.61%), 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 | 14.82% | 5.35% | 0.49x | 5.66x | CN¥2.82 Million |
| 2008 | 15.71% | 9.64% | 0.65x | 2.51x | CN¥8.22 Million |
| 2009 | 17.84% | 11.87% | 0.68x | 2.20x | CN¥13.73 Million |
| 2010 | 22.05% | 13.17% | 0.90x | 1.86x | CN¥27.08 Million |
| 2011 | 7.24% | 13.15% | 0.46x | 1.19x | CN¥-22.23 Million |
| 2012 | 10.21% | 14.76% | 0.51x | 1.36x | CN¥1.79 Million |
| 2013 | 10.77% | 11.42% | 0.64x | 1.47x | CN¥7.46 Million |
| 2014 | 13.36% | 13.20% | 0.72x | 1.40x | CN¥36.93 Million |
| 2015 | 16.52% | 14.09% | 0.67x | 1.75x | CN¥84.27 Million |
| 2016 | 11.35% | 14.57% | 0.58x | 1.33x | CN¥30.64 Million |
| 2017 | 8.39% | 9.96% | 0.65x | 1.29x | CN¥-38.87 Million |
| 2018 | 10.63% | 11.97% | 0.70x | 1.27x | CN¥15.67 Million |
| 2019 | 10.81% | 13.10% | 0.69x | 1.19x | CN¥21.60 Million |
| 2020 | 9.14% | 13.25% | 0.53x | 1.31x | CN¥-25.61 Million |
| 2021 | 16.38% | 22.84% | 0.53x | 1.34x | CN¥222.98 Million |
| 2022 | 19.23% | 27.09% | 0.54x | 1.31x | CN¥392.29 Million |
| 2023 | 6.63% | 11.36% | 0.41x | 1.41x | CN¥-150.37 Million |
| 2024 | 5.94% | 10.32% | 0.37x | 1.54x | CN¥-188.19 Million |
Industry Comparison
This section compares Jiangsu Changhai Compos Material's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,626,916,213
- Average return on equity (ROE) among peers: 12.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Changhai Compos Material (300196) | CN¥4.75 Billion | 14.82% | 0.57x | $433.44 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $6.22 Billion | 3.15% | 2.45x | $677.73 Million |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $1.22 Billion | 8.90% | 0.47x | $2.89 Billion |
| Zangge Holding Co Ltd (000408) | $13.85 Billion | 18.63% | 0.09x | $11.87 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $31.03 Million | 11.65% | 3.42x | $1.15 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $258.76 Million | 6.78% | 0.30x | $423.89 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $54.68 Million | 39.27% | 1.16x | $225.85 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $184.46 Million | 13.30% | 2.58x | $295.21 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $691.87 Million | 1.61% | 0.02x | $187.22 Million |
| Shenyang Chemical Industry Co Ltd (000698) | $3.01 Billion | 7.14% | 1.28x | $240.44 Million |
| Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) | $759.12 Million | 13.65% | 0.22x | $412.94 Million |