Jianglong Shipbuilding Co Ltd (300589) - Net Assets
Based on the latest financial reports, Jianglong Shipbuilding Co Ltd (300589) has net assets worth CN¥694.82 Million CNY (≈ $101.67 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¥1.92 Billion ≈ $280.98 Million USD) and total liabilities (CN¥1.23 Billion ≈ $179.30 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 300589 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¥694.82 Million |
| % of Total Assets | 36.19% |
| Annual Growth Rate | 22.71% |
| 5-Year Change | -11.17% |
| 10-Year Change | 307.81% |
| Growth Volatility | 34.87 |
Jianglong Shipbuilding Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Jianglong Shipbuilding Co Ltd's net assets have evolved over time, based on quarterly financial data. See Jianglong Shipbuilding Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jianglong Shipbuilding Co Ltd (2012–2025)
The table below shows the annual net assets of Jianglong Shipbuilding Co Ltd from 2012 to 2025. For live valuation and market cap data, see 300589 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥691.78 Million ≈ $101.23 Million |
-16.15% |
| 2024-12-31 | CN¥825.03 Million ≈ $120.73 Million |
-6.59% |
| 2023-12-31 | CN¥883.27 Million ≈ $129.25 Million |
+11.99% |
| 2022-12-31 | CN¥788.68 Million ≈ $115.41 Million |
+1.27% |
| 2021-12-31 | CN¥778.77 Million ≈ $113.96 Million |
+109.88% |
| 2020-12-31 | CN¥371.06 Million ≈ $54.30 Million |
+2.06% |
| 2019-12-31 | CN¥363.58 Million ≈ $53.20 Million |
+7.54% |
| 2018-12-31 | CN¥338.08 Million ≈ $49.47 Million |
+8.94% |
| 2017-12-31 | CN¥310.33 Million ≈ $45.41 Million |
+82.94% |
| 2016-12-31 | CN¥169.64 Million ≈ $24.82 Million |
+27.74% |
| 2015-12-31 | CN¥132.79 Million ≈ $19.43 Million |
+32.35% |
| 2014-12-31 | CN¥100.33 Million ≈ $14.68 Million |
+43.99% |
| 2013-12-31 | CN¥69.68 Million ≈ $10.20 Million |
+44.01% |
| 2012-12-31 | CN¥48.39 Million ≈ $7.08 Million |
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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 328.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥85.05 Million | 12.29% |
| Other Components | CN¥606.73 Million | 87.71% |
| Total Equity | CN¥691.78 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 |
|---|---|
|
V V Food & Beverage Co Ltd
SHG:600300
|
$705.18 Million |
|
Vestis Corporation
NYSE:VSTS
|
$705.34 Million |
|
Kempower Oyj
HE:KEMPOWR
|
$705.42 Million |
|
Caisse Regionale de Credit Agricole Mutuel de Normandie Seine SC
PA:CCN
|
$705.52 Million |
|
Greenlam Industries Limited
NSE:GREENLAM
|
$705.15 Million |
|
Zhe Jiang Kangsheng Co Ltd
SHE:002418
|
$705.07 Million |
|
Independent Bank Corporation
NASDAQ:IBCP
|
$705.03 Million |
|
BCI Minerals Ltd
AU:BCI
|
$704.87 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 2024 to 2025, total equity changed from 825,031,451 to 691,783,824, a change of -133,247,627 (-16.2%).
- Net loss of 131,334,956 reduced equity.
- Dividend payments of 8,861,921 reduced retained earnings.
- Other comprehensive income decreased equity by 52,932,292.
- Other factors increased equity by 59,881,542.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-131.33 Million | -18.98% |
| Dividends Paid | CN¥8.86 Million | -1.28% |
| Other Comprehensive Income | CN¥-52.93 Million | -7.65% |
| Other Changes | CN¥59.88 Million | +8.66% |
| Total Change | CN¥- | -16.15% |
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: 6.97x
- 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 68.13x to 6.97x 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¥12.76 | x |
| 2013-12-31 | CN¥0.20 | CN¥12.76 | x |
| 2014-12-31 | CN¥0.39 | CN¥12.76 | x |
| 2015-12-31 | CN¥0.51 | CN¥12.76 | x |
| 2016-12-31 | CN¥0.66 | CN¥12.76 | x |
| 2017-12-31 | CN¥0.89 | CN¥12.76 | x |
| 2018-12-31 | CN¥0.98 | CN¥12.76 | x |
| 2019-12-31 | CN¥1.06 | CN¥12.76 | x |
| 2020-12-31 | CN¥1.08 | CN¥12.76 | x |
| 2021-12-31 | CN¥2.24 | CN¥12.76 | x |
| 2022-12-31 | CN¥2.03 | CN¥12.76 | x |
| 2023-12-31 | CN¥2.17 | CN¥12.76 | x |
| 2024-12-31 | CN¥2.19 | CN¥12.76 | x |
| 2025-12-31 | CN¥1.83 | CN¥12.76 | 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): -18.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.69%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 2.90x
- Recent ROE (-18.98%) is below the historical average (11.82%), 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 |
| 2025 | -18.98% | -18.69% | 0.35x | 2.90x | CN¥-200.51 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: $1,458,421,148
- Average return on equity (ROE) among peers: 10.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jianglong Shipbuilding Co Ltd (300589) | CN¥694.82 Million | 25.61% | 1.76x | $705.18 Million |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $738.32 Million | 10.95% | 0.40x | $2.35 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $469.47 Million | 0.73% | 0.33x | $3.62 Billion |
| AVIC Aircraft Co Ltd (000768) | $719.41 Million | 10.97% | 0.30x | $8.38 Billion |
| Sichuan Haite High-tech Co Ltd (002023) | $1.05 Billion | 7.70% | 0.62x | $1.37 Billion |
| Aerospace CH UAV Co Ltd (002389) | $847.85 Million | 11.95% | 0.17x | $2.68 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $7.59 Billion | 0.93% | 0.08x | $10.77 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $680.95 Million | 16.28% | 0.10x | $501.94 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $376.04 Million | 25.55% | 0.52x | $430.82 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $757.88 Million | 13.66% | 0.21x | $1.48 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $1.35 Billion | 9.08% | 0.39x | $1.37 Billion |
About 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