Jiangsu LiXing General Steel Ball Co Ltd (300421) - Net Assets
Based on the latest financial reports, Jiangsu LiXing General Steel Ball Co Ltd (300421) has net assets worth CN¥1.29 Billion CNY (≈ $189.12 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¥1.96 Billion ≈ $286.38 Million USD) and total liabilities (CN¥664.69 Million ≈ $97.26 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 300421 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.29 Billion |
| % of Total Assets | 66.04% |
| Annual Growth Rate | 12.74% |
| 5-Year Change | 4.38% |
| 10-Year Change | 11.71% |
| Growth Volatility | 30.82 |
Jiangsu LiXing General Steel Ball Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Jiangsu LiXing General Steel Ball Co Ltd's net assets have evolved over time, based on quarterly financial data. See Jiangsu LiXing General Steel Ball Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jiangsu LiXing General Steel Ball Co Ltd (2011–2025)
The table below shows the annual net assets of Jiangsu LiXing General Steel Ball Co Ltd from 2011 to 2025. For live valuation and market cap data, see Jiangsu LiXing General Steel Ball Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.29 Billion ≈ $188.15 Million |
+2.52% |
| 2024-12-31 | CN¥1.25 Billion ≈ $183.52 Million |
+1.68% |
| 2023-12-31 | CN¥1.23 Billion ≈ $180.48 Million |
-2.82% |
| 2022-12-31 | CN¥1.27 Billion ≈ $185.72 Million |
+3.03% |
| 2021-12-31 | CN¥1.23 Billion ≈ $180.26 Million |
+6.45% |
| 2020-12-31 | CN¥1.16 Billion ≈ $169.33 Million |
+2.90% |
| 2019-12-31 | CN¥1.12 Billion ≈ $164.57 Million |
-0.88% |
| 2018-12-31 | CN¥1.13 Billion ≈ $166.04 Million |
-3.11% |
| 2017-12-31 | CN¥1.17 Billion ≈ $171.36 Million |
+1.74% |
| 2016-12-31 | CN¥1.15 Billion ≈ $168.42 Million |
+98.48% |
| 2015-12-31 | CN¥579.89 Million ≈ $84.86 Million |
+80.29% |
| 2014-12-31 | CN¥321.64 Million ≈ $47.07 Million |
+0.96% |
| 2013-12-31 | CN¥318.57 Million ≈ $46.62 Million |
+8.02% |
| 2012-12-31 | CN¥294.92 Million ≈ $43.16 Million |
+22.93% |
| 2011-12-31 | CN¥239.91 Million ≈ $35.11 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu LiXing General Steel Ball 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 grown by 1542.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥234.92 Million | 18.27% |
| Other Components | CN¥1.05 Billion | 81.73% |
| Total Equity | CN¥1.29 Billion | 100.00% |
Jiangsu LiXing General Steel Ball Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu LiXing General Steel Ball Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Phu Nhuan Jewelry JSC
VN:PNJ
|
$873.01 Million |
|
Shanghai Tongji Science&Technology Industrial Co Ltd
SHG:600846
|
$873.08 Million |
|
Alpha Hpa Ltd
AU:A4N
|
$873.21 Million |
|
Mishra Dhatu Nigam Limited
NSE:MIDHANI
|
$873.31 Million |
|
Goosehead Insurance Inc
NASDAQ:GSHD
|
$872.97 Million |
|
HMC Capital Ltd
AU:HMC
|
$872.94 Million |
|
Jiangsu Yawei Machine Tool Co Ltd
SHE:002559
|
$872.86 Million |
|
Covenant Logistics Group, Inc.
NYSE:CVLG
|
$872.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu LiXing General Steel Ball Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,254,119,328 to 1,285,783,679, a change of 31,664,351 (2.5%).
- Net income of 69,216,718 contributed positively to equity growth.
- Dividend payments of 41,571,452 reduced retained earnings.
- Other comprehensive income decreased equity by 90,824,355.
- Other factors increased equity by 94,843,440.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥69.22 Million | +5.38% |
| Dividends Paid | CN¥41.57 Million | -3.23% |
| Other Comprehensive Income | CN¥-90.82 Million | -7.06% |
| Other Changes | CN¥94.84 Million | +7.38% |
| Total Change | CN¥- | 2.52% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu LiXing General Steel Ball 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: 4.64x
- 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 14.37x to 4.64x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.41 | CN¥20.29 | x |
| 2012-12-31 | CN¥1.45 | CN¥20.29 | x |
| 2013-12-31 | CN¥1.58 | CN¥20.29 | x |
| 2014-12-31 | CN¥1.68 | CN¥20.29 | x |
| 2015-12-31 | CN¥2.37 | CN¥20.29 | x |
| 2016-12-31 | CN¥4.33 | CN¥20.29 | x |
| 2017-12-31 | CN¥3.93 | CN¥20.29 | x |
| 2018-12-31 | CN¥3.88 | CN¥20.29 | x |
| 2019-12-31 | CN¥3.87 | CN¥20.29 | x |
| 2020-12-31 | CN¥4.03 | CN¥20.29 | x |
| 2021-12-31 | CN¥4.19 | CN¥20.29 | x |
| 2022-12-31 | CN¥4.33 | CN¥20.29 | x |
| 2023-12-31 | CN¥4.20 | CN¥20.29 | x |
| 2024-12-31 | CN¥4.26 | CN¥20.29 | x |
| 2025-12-31 | CN¥4.37 | CN¥20.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu LiXing General Steel Ball 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): 5.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.24%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.50x
- Recent ROE (5.38%) is below the historical average (9.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 20.61% | 11.95% | 0.80x | 2.16x | CN¥23.93 Million |
| 2012 | 18.93% | 12.99% | 0.86x | 1.70x | CN¥24.84 Million |
| 2013 | 16.45% | 11.74% | 0.77x | 1.83x | CN¥19.51 Million |
| 2014 | 16.29% | 11.12% | 0.73x | 2.00x | CN¥20.22 Million |
| 2015 | 9.34% | 11.33% | 0.69x | 1.20x | CN¥-3.83 Million |
| 2016 | 5.05% | 11.96% | 0.38x | 1.10x | CN¥-56.96 Million |
| 2017 | 6.32% | 11.15% | 0.44x | 1.30x | CN¥-43.13 Million |
| 2018 | 6.44% | 10.35% | 0.47x | 1.32x | CN¥-40.40 Million |
| 2019 | 3.44% | 5.30% | 0.52x | 1.25x | CN¥-73.77 Million |
| 2020 | 5.24% | 7.70% | 0.53x | 1.29x | CN¥-55.12 Million |
| 2021 | 7.33% | 9.28% | 0.58x | 1.37x | CN¥-32.85 Million |
| 2022 | 4.91% | 6.36% | 0.55x | 1.41x | CN¥-64.57 Million |
| 2023 | 4.86% | 5.98% | 0.55x | 1.48x | CN¥-63.45 Million |
| 2024 | 4.40% | 5.29% | 0.55x | 1.53x | CN¥-70.18 Million |
| 2025 | 5.38% | 6.24% | 0.57x | 1.50x | CN¥-59.36 Million |
Industry Comparison
This section compares Jiangsu LiXing General Steel Ball Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $21,781,903,500
- Average return on equity (ROE) among peers: 6.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu LiXing General Steel Ball Co Ltd (300421) | CN¥1.29 Billion | 20.61% | 0.51x | $873.00 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $1.50 Billion | 9.93% | 1.05x | $9.99 Billion |
| HBIS Co Ltd (000709) | $58.84 Billion | 4.33% | 2.60x | $3.12 Billion |
| Sgis Songshan Co Ltd (000717) | $5.02 Billion | 18.91% | 1.20x | $741.29 Million |
| Bengang Steel Plates Co Ltd (000761) | $16.74 Billion | 9.51% | 0.75x | $1.25 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $5.28 Billion | 9.06% | 0.96x | $2.34 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $3.37 Billion | 8.80% | 0.69x | $3.14 Billion |
| Jiangsu Fasten Co Ltd (000890) | $1.26 Billion | 2.05% | 2.02x | $546.34 Million |
| Angang Steel Co Ltd Class A (000898) | $53.80 Billion | 1.35% | 0.88x | $2.33 Billion |
| Hunan Valin Steel Co Ltd (000932) | $17.42 Billion | 0.69% | 2.69x | $3.65 Billion |
| Beijing Shougang Co Ltd (000959) | $54.60 Billion | 0.86% | 1.41x | $3.68 Billion |
About Jiangsu LiXing General Steel Ball Co Ltd
Jiangsu LiXing General Steel Ball Co.,Ltd. engages in the research, development, production, and sale of precision bearing rolling elements in China. It primarily offers precision noiseless small and micro steel balls, specialized steel balls, large precision heavy-duty bearing steel balls, high-precision ceramic balls, high-precision tapered rollers, and high-precision cylindrical rollers, as we… Read more