Jianglong Shipbuilding Co Ltd
Jianglong Shipbuilding Co., Ltd. engages in the design and construction of customized commercial and defense vessels in China and internationally. The company's products include various types of patrol boats, law enforcement boats, fishery administration boats, anti-smuggling boats, passenger ships, inter-island transport ships, sightseeing boats, luxury yachts, sea fishing boats, fireboats, scie… Read more
Jianglong Shipbuilding Co Ltd (300589) - Net Assets
Latest net assets as of September 2025: CN¥786.26 Million CNY
Based on the latest financial reports, Jianglong Shipbuilding Co Ltd (300589) has net assets worth CN¥786.26 Million 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¥2.11 Billion) and total liabilities (CN¥1.32 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¥786.26 Million |
| % of Total Assets | 37.3% |
| Annual Growth Rate | 26.66% |
| 5-Year Change | 122.34% |
| 10-Year Change | 521.29% |
| Growth Volatility | 33.91 |
Jianglong Shipbuilding Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Jianglong Shipbuilding 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 Jianglong Shipbuilding Co Ltd (2012–2024)
The table below shows the annual net assets of Jianglong Shipbuilding Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥825.03 Million | -6.59% |
| 2023-12-31 | CN¥883.27 Million | +11.99% |
| 2022-12-31 | CN¥788.68 Million | +1.27% |
| 2021-12-31 | CN¥778.77 Million | +109.88% |
| 2020-12-31 | CN¥371.06 Million | +2.06% |
| 2019-12-31 | CN¥363.58 Million | +7.54% |
| 2018-12-31 | CN¥338.08 Million | +8.94% |
| 2017-12-31 | CN¥310.33 Million | +82.94% |
| 2016-12-31 | CN¥169.64 Million | +27.74% |
| 2015-12-31 | CN¥132.79 Million | +32.35% |
| 2014-12-31 | CN¥100.33 Million | +43.99% |
| 2013-12-31 | CN¥69.68 Million | +44.01% |
| 2012-12-31 | CN¥48.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jianglong Shipbuilding 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 1008.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥220.16 Million | 26.69% |
| Common Stock | CN¥377.67 Million | 45.78% |
| Other Comprehensive Income | CN¥52.93 Million | 6.42% |
| Other Components | CN¥174.27 Million | 21.12% |
| Total Equity | CN¥825.03 Million | 100.00% |
Jianglong Shipbuilding Co Ltd Competitors by Market Cap
The table below lists competitors of Jianglong Shipbuilding Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lancy Co Ltd
SHE:002612
|
$455.63 Million |
|
PT Unilever Indonesia Tbk
PINK:UNLRF
|
$455.68 Million |
|
Hingham Institution for Savings
NASDAQ:HIFS
|
$455.95 Million |
|
JK Lakshmi Cement Limited
NSE:JKLAKSHMI
|
$455.97 Million |
|
RENAU.UNSP.ARD 1/5 EO-20
F:56S0
|
$455.45 Million |
|
Gogo Inc
NASDAQ:GOGO
|
$455.40 Million |
|
Fujian Septwolves Industry Co Ltd
SHE:002029
|
$455.31 Million |
|
CEVA Inc
NASDAQ:CEVA
|
$454.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jianglong Shipbuilding Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 818,580,992 to 825,031,451, a change of 6,450,459 (0.8%).
- Net income of 11,247,815 contributed positively to equity growth.
- Dividend payments of 11,828,478 reduced retained earnings.
- Other comprehensive income increased equity by 6,142,478.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥11.25 Million | +1.36% |
| Dividends Paid | CN¥11.83 Million | -1.43% |
| Other Comprehensive Income | CN¥6.14 Million | +0.74% |
| Other Changes | CN¥888.64K | +0.11% |
| Total Change | CN¥- | 0.79% |
Book Value vs Market Value Analysis
This analysis compares Jianglong Shipbuilding 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: 7.71x
- 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 90.03x to 7.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.19 | CN¥16.86 | x |
| 2013-12-31 | CN¥0.27 | CN¥16.86 | x |
| 2014-12-31 | CN¥0.39 | CN¥16.86 | x |
| 2015-12-31 | CN¥0.51 | CN¥16.86 | x |
| 2016-12-31 | CN¥0.66 | CN¥16.86 | x |
| 2017-12-31 | CN¥0.91 | CN¥16.86 | x |
| 2018-12-31 | CN¥0.98 | CN¥16.86 | x |
| 2019-12-31 | CN¥1.05 | CN¥16.86 | x |
| 2020-12-31 | CN¥1.08 | CN¥16.86 | x |
| 2021-12-31 | CN¥2.24 | CN¥16.86 | x |
| 2022-12-31 | CN¥2.03 | CN¥16.86 | x |
| 2023-12-31 | CN¥2.17 | CN¥16.86 | x |
| 2024-12-31 | CN¥2.19 | CN¥16.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jianglong Shipbuilding 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): 1.36%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.65%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 2.57x
- Recent ROE (1.36%) is below the historical average (14.19%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 25.61% | 6.37% | 0.48x | 8.40x | CN¥7.55 Million |
| 2013 | 30.56% | 8.21% | 0.55x | 6.71x | CN¥14.33 Million |
| 2014 | 29.13% | 9.02% | 0.68x | 4.74x | CN¥19.19 Million |
| 2015 | 24.45% | 8.98% | 0.69x | 3.96x | CN¥19.18 Million |
| 2016 | 21.72% | 8.87% | 0.81x | 3.01x | CN¥19.88 Million |
| 2017 | 11.28% | 8.28% | 0.61x | 2.23x | CN¥3.98 Million |
| 2018 | 9.21% | 6.63% | 0.51x | 2.73x | CN¥-2.68 Million |
| 2019 | 9.36% | 6.18% | 0.68x | 2.24x | CN¥-2.32 Million |
| 2020 | 9.39% | 5.69% | 0.62x | 2.66x | CN¥-2.25 Million |
| 2021 | 5.29% | 5.96% | 0.48x | 1.86x | CN¥-36.70 Million |
| 2022 | 1.71% | 1.93% | 0.44x | 2.02x | CN¥-63.51 Million |
| 2023 | 5.38% | 3.71% | 0.50x | 2.92x | CN¥-37.78 Million |
| 2024 | 1.36% | 0.65% | 0.81x | 2.57x | CN¥-71.26 Million |
Industry Comparison
This section compares Jianglong Shipbuilding Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $1,905,739,972
- Average return on equity (ROE) among peers: 11.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jianglong Shipbuilding Co Ltd (300589) | CN¥786.26 Million | 25.61% | 1.68x | $455.60 Million |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $102.23 Million | 20.95% | 1.61x | $576.57 Million |
| Aecc Aero Engine Control Co Ltd (000738) | $5.67 Billion | 4.58% | 0.28x | $1.93 Billion |
| Zhejiang XiaSha Precision (001316) | $476.25 Million | 27.15% | 0.22x | $218.15 Million |
| Sichuan Haite High-tech Co Ltd (002023) | $175.19 Million | 19.07% | 0.67x | $850.82 Million |
| Aerospace CH UAV Co Ltd (002389) | $6.37 Billion | 3.80% | 0.25x | $1.81 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $602.65 Million | 10.94% | 0.23x | $8.62 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.43 Billion | -4.03% | 0.22x | $429.19 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $910.30 Million | 16.48% | 0.19x | $833.21 Million |
| Shaanxi Zhongtian Rocket Technology (003009) | $421.86 Million | 7.68% | 1.25x | $416.06 Million |
| Bestway Marine & Energy Technology Co Ltd (300008) | $2.90 Billion | 5.59% | 0.31x | $1.63 Billion |