Jiangsu Changhai Compos Material (300196) - Net Assets
Based on the latest financial reports, Jiangsu Changhai Compos Material (300196) has net assets worth CN¥4.89 Billion CNY (≈ $715.28 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¥7.61 Billion ≈ $1.11 Billion USD) and total liabilities (CN¥2.72 Billion ≈ $397.71 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 tangible is Jiangsu Changhai Compos Material's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.89 Billion |
| % of Total Assets | 64.27% |
| Annual Growth Rate | 24.28% |
| 5-Year Change | 37.72% |
| 10-Year Change | 107.65% |
| Growth Volatility | 52.04 |
Jiangsu Changhai Compos Material - Net Assets Trend (2007–2025)
This chart illustrates how Jiangsu Changhai Compos Material's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Jiangsu Changhai Compos Material to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jiangsu Changhai Compos Material (2007–2025)
The table below shows the annual net assets of Jiangsu Changhai Compos Material from 2007 to 2025. For live valuation and market cap data, see 300196 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.81 Billion ≈ $703.43 Million |
+3.98% |
| 2024-12-31 | CN¥4.62 Billion ≈ $676.52 Million |
+3.68% |
| 2023-12-31 | CN¥4.46 Billion ≈ $652.48 Million |
+5.03% |
| 2022-12-31 | CN¥4.25 Billion ≈ $621.25 Million |
+21.63% |
| 2021-12-31 | CN¥3.49 Billion ≈ $510.76 Million |
+17.88% |
| 2020-12-31 | CN¥2.96 Billion ≈ $433.30 Million |
+8.39% |
| 2019-12-31 | CN¥2.73 Billion ≈ $399.75 Million |
+8.12% |
| 2018-12-31 | CN¥2.53 Billion ≈ $369.73 Million |
+3.01% |
| 2017-12-31 | CN¥2.45 Billion ≈ $358.93 Million |
+5.95% |
| 2016-12-31 | CN¥2.32 Billion ≈ $338.76 Million |
+53.02% |
| 2015-12-31 | CN¥1.51 Billion ≈ $221.38 Million |
+32.81% |
| 2014-12-31 | CN¥1.14 Billion ≈ $166.69 Million |
+12.41% |
| 2013-12-31 | CN¥1.01 Billion ≈ $148.29 Million |
+11.88% |
| 2012-12-31 | CN¥905.79 Million ≈ $132.54 Million |
+8.08% |
| 2011-12-31 | CN¥838.07 Million ≈ $122.64 Million |
+230.88% |
| 2010-12-31 | CN¥253.28 Million ≈ $37.06 Million |
+22.62% |
| 2009-12-31 | CN¥206.56 Million ≈ $30.23 Million |
+21.90% |
| 2008-12-31 | CN¥169.46 Million ≈ $24.80 Million |
+76.52% |
| 2007-12-31 | CN¥96.00 Million ≈ $14.05 Million |
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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 27188.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.27 Billion | 67.94% |
| Other Components | CN¥1.54 Billion | 32.06% |
| Total Equity | CN¥4.81 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 |
|---|---|
|
Ocular Therapeutix Inc
NASDAQ:OCUL
|
$1.79 Billion |
|
Beijing Originwater Technology
SHE:300070
|
$1.79 Billion |
|
Fidelis Insurance Holdings Limited
NYSE:FIHL
|
$1.79 Billion |
|
Central China Land Media Co Ltd
SHE:000719
|
$1.79 Billion |
|
Rapport Therapeutics, Inc. Common Stock
NASDAQ:RAPP
|
$1.79 Billion |
|
Pimco Dynamic Income Opportunities Fund
NYSE:PDO
|
$1.79 Billion |
|
Guangdong Advertising Co Ltd
SHE:002400
|
$1.78 Billion |
|
ANI Pharmaceuticals Inc
NASDAQ:ANIP
|
$1.78 Billion |
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 2024 to 2025, total equity changed from 4,629,708,000 to 4,814,474,473, a change of 184,766,473 (4.0%).
- Net income of 326,439,356 contributed positively to equity growth.
- Dividend payments of 147,899,848 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥326.44 Million | +6.78% |
| Dividends Paid | CN¥147.90 Million | -3.07% |
| Other Changes | CN¥6.23 Million | +0.13% |
| Total Change | CN¥- | 3.99% |
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: 2.53x
- 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 108.95x to 2.53x 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¥29.86 | x |
| 2008-12-31 | CN¥0.58 | CN¥29.86 | x |
| 2009-12-31 | CN¥0.61 | CN¥29.86 | x |
| 2010-12-31 | CN¥0.78 | CN¥29.86 | x |
| 2011-12-31 | CN¥2.24 | CN¥29.86 | x |
| 2012-12-31 | CN¥2.27 | CN¥29.86 | x |
| 2013-12-31 | CN¥2.55 | CN¥29.86 | x |
| 2014-12-31 | CN¥2.88 | CN¥29.86 | x |
| 2015-12-31 | CN¥3.36 | CN¥29.86 | x |
| 2016-12-31 | CN¥5.73 | CN¥29.86 | x |
| 2017-12-31 | CN¥5.72 | CN¥29.86 | x |
| 2018-12-31 | CN¥5.92 | CN¥29.86 | x |
| 2019-12-31 | CN¥6.57 | CN¥29.86 | x |
| 2020-12-31 | CN¥7.22 | CN¥29.86 | x |
| 2021-12-31 | CN¥7.87 | CN¥29.86 | x |
| 2022-12-31 | CN¥9.83 | CN¥29.86 | x |
| 2023-12-31 | CN¥10.71 | CN¥29.86 | x |
| 2024-12-31 | CN¥11.29 | CN¥29.86 | x |
| 2025-12-31 | CN¥11.78 | CN¥29.86 | 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): 6.78%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.40%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.54x
- Recent ROE (6.78%) is below the historical average (12.30%), 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¥36.94 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 |
| 2025 | 6.78% | 10.40% | 0.42x | 1.54x | CN¥-155.01 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: $814,039,775
- Average return on equity (ROE) among peers: 11.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Changhai Compos Material (300196) | CN¥4.89 Billion | 14.82% | 0.56x | $1.79 Billion |
| North Huajin Chemical Industries Co Ltd (000059) | $1.66 Billion | 14.45% | 1.50x | $940.88 Million |
| Sichuan Chemical Co Ltd (000155) | $452.40 Million | 20.36% | 1.97x | $3.48 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $2.56 Billion | 4.43% | 0.36x | $11.21 Billion |
| Zangge Holding Co Ltd (000408) | $500.14 Million | 2.06% | 0.92x | $17.56 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.17 Billion | 5.97% | 1.33x | $2.10 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $152.09 Million | 4.78% | 1.62x | $348.02 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $560.43 Million | 4.68% | 0.78x | $891.94 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $342.74 Million | 13.58% | 2.48x | $376.61 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $702.67 Million | 17.21% | 0.08x | $286.04 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $35.88 Million | 31.04% | 3.02x | $3.42 Billion |
About 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 roving products, including felt yarn, SMC sheet, textile type direct, chopped fiber, winding type direct, jet, roof, plied drawn, and glass fiber chopped felt yarn, as well as plied yarn for pipe short cut, yarn for transparen… Read more