Jiangsu Zitian Media Technology Co Ltd
Fujian Zitian Media Technology Co., Ltd. designs, manufactures, and sells forging hydraulic and mechanical press equipment in China. The company also offers metallic forming and systematic solutions. Its products are used in automobile, shipping, aerospace, nuclear, military, and various otherindustries. The company was formerly known as Jiangsu Zitian Media Technology Co., Ltd. Fujian Zitian Med… Read more
Jiangsu Zitian Media Technology Co Ltd (300280) - Net Assets
Latest net assets as of September 2024: CN¥1.22 Billion CNY
Based on the latest financial reports, Jiangsu Zitian Media Technology Co Ltd (300280) has net assets worth CN¥1.22 Billion CNY as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.38 Billion) and total liabilities (CN¥2.16 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¥1.22 Billion |
| % of Total Assets | 36.22% |
| Annual Growth Rate | 15.21% |
| 5-Year Change | -39.63% |
| 10-Year Change | 92.9% |
| Growth Volatility | 47.32 |
Jiangsu Zitian Media Technology Co Ltd - Net Assets Trend (2008–2023)
This chart illustrates how Jiangsu Zitian Media Technology Co Ltd'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 Zitian Media Technology Co Ltd (2008–2023)
The table below shows the annual net assets of Jiangsu Zitian Media Technology Co Ltd from 2008 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CN¥1.22 Billion | -49.64% |
| 2022-12-31 | CN¥2.42 Billion | +9.67% |
| 2021-12-31 | CN¥2.20 Billion | +15.60% |
| 2020-12-31 | CN¥1.91 Billion | -5.44% |
| 2019-12-31 | CN¥2.02 Billion | +50.93% |
| 2018-12-31 | CN¥1.34 Billion | +109.77% |
| 2017-12-31 | CN¥636.71 Million | +0.59% |
| 2016-12-31 | CN¥632.98 Million | -0.27% |
| 2015-12-31 | CN¥634.70 Million | +0.60% |
| 2014-12-31 | CN¥630.88 Million | +0.80% |
| 2013-12-31 | CN¥625.88 Million | -0.64% |
| 2012-12-31 | CN¥629.91 Million | +2.63% |
| 2011-12-31 | CN¥613.76 Million | +148.52% |
| 2010-12-31 | CN¥246.96 Million | +36.71% |
| 2009-12-31 | CN¥180.64 Million | +24.17% |
| 2008-12-31 | CN¥145.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Zitian Media Technology Co Ltd'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 decreased by 300.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.33 Billion | 109.58% |
| Total Equity | CN¥1.22 Billion | 100.00% |
Jiangsu Zitian Media Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Zitian Media Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xelpmoc Design And Tech Limited
NSE:XELPMOC
|
$5.87 Million |
|
Cordlife Group Limited
PINK:CLIFF
|
$5.87 Million |
|
REVOLVE RENEW.POWER CORP.
F:PM7
|
$5.87 Million |
|
PreveCeutical Medical Inc
OTCQB:PRVCF
|
$5.87 Million |
|
Nextleaf Solutions Ltd
OTCQB:OILFF
|
$5.86 Million |
|
Sea & Air Freight International
VN:SFI
|
$5.86 Million |
|
Itway S.p.A
F:IW3
|
$5.86 Million |
|
Dongyang S.Tec Co.Ltd
KQ:060380
|
$5.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Zitian Media Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 2,417,008,377 to 1,217,138,565, a change of -1,199,869,811 (-49.6%).
- Net loss of 1,209,752,572 reduced equity.
- Dividend payments of 24,609,731 reduced retained earnings.
- Other factors increased equity by 34,492,492.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.21 Billion | -99.39% |
| Dividends Paid | CN¥24.61 Million | -2.02% |
| Other Changes | CN¥34.49 Million | +2.83% |
| Total Change | CN¥- | -49.64% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Zitian Media Technology Co Ltd'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: 0.04x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥4.97 | CN¥0.33 | x |
| 2018-12-31 | CN¥8.37 | CN¥0.33 | x |
| 2019-12-31 | CN¥11.16 | CN¥0.33 | x |
| 2020-12-31 | CN¥11.76 | CN¥0.33 | x |
| 2021-12-31 | CN¥13.60 | CN¥0.33 | x |
| 2022-12-31 | CN¥14.91 | CN¥0.33 | x |
| 2023-12-31 | CN¥7.51 | CN¥0.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Zitian Media Technology Co Ltd 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): -99.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -55.28%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 2.80x
- Recent ROE (-99.39%) is below the historical average (2.43%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 28.90% | 18.00% | 0.91x | 1.76x | CN¥27.49 Million |
| 2009 | 19.47% | 14.49% | 0.84x | 1.60x | CN¥17.10 Million |
| 2010 | 21.19% | 17.34% | 0.71x | 1.71x | CN¥27.64 Million |
| 2011 | 8.57% | 12.55% | 0.51x | 1.33x | CN¥-8.75 Million |
| 2012 | 4.42% | 7.62% | 0.49x | 1.17x | CN¥-35.16 Million |
| 2013 | 0.27% | 0.55% | 0.41x | 1.18x | CN¥-60.90 Million |
| 2014 | 0.48% | 0.93% | 0.41x | 1.25x | CN¥-59.81 Million |
| 2015 | 0.99% | 2.60% | 0.30x | 1.28x | CN¥-57.01 Million |
| 2016 | 0.35% | 0.88% | 0.31x | 1.30x | CN¥-61.06 Million |
| 2017 | 0.71% | 1.25% | 0.34x | 1.68x | CN¥-59.15 Million |
| 2018 | 6.41% | 11.74% | 0.30x | 1.79x | CN¥-43.92 Million |
| 2019 | 9.36% | 19.66% | 0.34x | 1.40x | CN¥-11.52 Million |
| 2020 | 15.82% | 21.29% | 0.45x | 1.64x | CN¥110.84 Million |
| 2021 | 14.08% | 18.80% | 0.48x | 1.57x | CN¥89.96 Million |
| 2022 | 7.23% | 10.01% | 0.37x | 1.93x | CN¥-66.99 Million |
| 2023 | -99.39% | -55.28% | 0.64x | 2.80x | CN¥-1.33 Billion |
Industry Comparison
This section compares Jiangsu Zitian Media Technology Co Ltd's net assets metrics with peer companies in the Advertising Agencies industry.
Industry Context
- Industry: Advertising Agencies
- Average net assets among peers: $1,004,333,883
- Average return on equity (ROE) among peers: 61.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Zitian Media Technology Co Ltd (300280) | CN¥1.22 Billion | 28.90% | 1.76x | $5.87 Million |
| Genimous Technology Co Ltd (000676) | $14.87 Million | 0.00% | 0.30x | $1.04 Billion |
| Hunan TV & Broadcast Intermediary Co Ltd (000917) | $755.42 Million | 8.03% | 0.57x | $1.52 Billion |
| Focus Media Information Technology Co Ltd (002027) | $495.40 Million | 487.45% | 0.19x | $9.18 Billion |
| NanJi ECommerce Co Ltd (002127) | $153.93 Million | 4.67% | 3.70x | $589.83 Million |
| Leo Group Co Ltd (002131) | $562.88 Million | 17.30% | 0.33x | $5.52 Billion |
| Foshan Saturday Shoes Co Ltd (002291) | $1.46 Billion | 6.86% | 0.23x | $687.03 Million |
| Guangdong Advertising Co Ltd (002400) | $5.47 Billion | 11.17% | 0.91x | $1.68 Billion |
| Simei Media Co Ltd (002712) | $831.91 Million | 8.51% | 0.43x | $249.94 Million |
| Beijing Yuanlong Yato Culture Dissemination Co Ltd (002878) | $240.85 Million | 20.86% | 1.01x | $311.73 Million |
| Beijing Quanshi World Online Net (002995) | $53.09 Million | 46.94% | 1.74x | $338.80 Million |