Jl Mag Rare-Earth Co Ltd Class A
JL Mag Rare-Earth Co., Ltd. engages in the research and development, production, and sale of NdFeB permanent magnetic materials in Mainland China and internationally. The company offers NdFeB PMs for use in new energy vehicles and auto parts, energy-saving variable-frequency air-conditioners, wind power generation, 3C, robotics and industrial servo motors, energy-saving elevators, rail transit, a… Read more
Jl Mag Rare-Earth Co Ltd Class A (300748) - Net Assets
Latest net assets as of September 2025: CN¥7.33 Billion CNY
Based on the latest financial reports, Jl Mag Rare-Earth Co Ltd Class A (300748) has net assets worth CN¥7.33 Billion 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¥14.72 Billion) and total liabilities (CN¥7.39 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¥7.33 Billion |
| % of Total Assets | 49.82% |
| Annual Growth Rate | 34.42% |
| 5-Year Change | 354.03% |
| 10-Year Change | 1660.28% |
| Growth Volatility | 41.97 |
Jl Mag Rare-Earth Co Ltd Class A - Net Assets Trend (2013–2024)
This chart illustrates how Jl Mag Rare-Earth Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jl Mag Rare-Earth Co Ltd Class A (2013–2024)
The table below shows the annual net assets of Jl Mag Rare-Earth Co Ltd Class A from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.12 Billion | +1.14% |
| 2023-12-31 | CN¥7.04 Billion | +3.67% |
| 2022-12-31 | CN¥6.79 Billion | +128.83% |
| 2021-12-31 | CN¥2.97 Billion | +89.23% |
| 2020-12-31 | CN¥1.57 Billion | +17.83% |
| 2019-12-31 | CN¥1.33 Billion | +20.09% |
| 2018-12-31 | CN¥1.11 Billion | +35.76% |
| 2017-12-31 | CN¥816.02 Million | +15.40% |
| 2016-12-31 | CN¥707.15 Million | +74.89% |
| 2015-12-31 | CN¥404.34 Million | +67.76% |
| 2014-12-31 | CN¥241.02 Million | -12.33% |
| 2013-12-31 | CN¥274.92 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jl Mag Rare-Earth Co Ltd Class A'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 1778.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.41 Billion | 20.17% |
| Common Stock | CN¥1.37 Billion | 19.56% |
| Other Comprehensive Income | CN¥-42.49 Million | -0.61% |
| Other Components | CN¥4.27 Billion | 60.88% |
| Total Equity | CN¥7.02 Billion | 100.00% |
Jl Mag Rare-Earth Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Jl Mag Rare-Earth Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shake Shack Inc
NYSE:SHAK
|
$3.48 Billion |
|
Mainfreight Limited
PINK:MFGHF
|
$3.48 Billion |
|
SpringWorks Therapeutics Inc
NASDAQ:SWTX
|
$3.48 Billion |
|
Fortune Electric Co Ltd
TW:1519
|
$3.49 Billion |
|
SPIRIT AERO HLDG-A
MU:S9Q
|
$3.48 Billion |
|
Fulton Financial Corporation
NASDAQ:FULT
|
$3.48 Billion |
|
Minor International Public Company Limited
PINK:MINOF
|
$3.48 Billion |
|
Shenzhen Sunlord Electronics Co Ltd
SHE:002138
|
$3.48 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jl Mag Rare-Earth Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,021,484,732 to 7,016,033,171, a change of -5,451,561 (-0.1%).
- Net income of 291,043,000 contributed positively to equity growth.
- Dividend payments of 498,128,458 reduced retained earnings.
- Share repurchases of 762,762 reduced equity.
- Other comprehensive income decreased equity by 47,981,494.
- Other factors increased equity by 250,378,153.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥291.04 Million | +4.15% |
| Dividends Paid | CN¥498.13 Million | -7.1% |
| Share Repurchases | CN¥762.76K | -0.01% |
| Other Comprehensive Income | CN¥-47.98 Million | -0.68% |
| Other Changes | CN¥250.38 Million | +3.57% |
| Total Change | CN¥- | -0.08% |
Book Value vs Market Value Analysis
This analysis compares Jl Mag Rare-Earth Co Ltd Class A'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: 6.50x
- 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 68.08x to 6.50x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.49 | CN¥33.41 | x |
| 2014-12-31 | CN¥0.85 | CN¥33.41 | x |
| 2015-12-31 | CN¥0.53 | CN¥33.41 | x |
| 2016-12-31 | CN¥0.81 | CN¥33.41 | x |
| 2017-12-31 | CN¥0.85 | CN¥33.41 | x |
| 2018-12-31 | CN¥1.15 | CN¥33.41 | x |
| 2019-12-31 | CN¥1.26 | CN¥33.41 | x |
| 2020-12-31 | CN¥1.14 | CN¥33.41 | x |
| 2021-12-31 | CN¥2.66 | CN¥33.41 | x |
| 2022-12-31 | CN¥5.06 | CN¥33.41 | x |
| 2023-12-31 | CN¥5.23 | CN¥33.41 | x |
| 2024-12-31 | CN¥5.14 | CN¥33.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jl Mag Rare-Earth Co Ltd Class A 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): 4.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.30%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.75x
- Recent ROE (4.15%) is below the historical average (13.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 9.56% | 4.41% | 0.81x | 2.66x | CN¥-1.23 Million |
| 2014 | 19.66% | 7.64% | 0.74x | 3.46x | CN¥23.71 Million |
| 2015 | 25.24% | 12.39% | 0.85x | 2.40x | CN¥62.39 Million |
| 2016 | 9.70% | 8.53% | 0.67x | 1.71x | CN¥-2.16 Million |
| 2017 | 17.02% | 15.27% | 0.63x | 1.76x | CN¥57.46 Million |
| 2018 | 13.24% | 11.42% | 0.62x | 1.86x | CN¥36.05 Million |
| 2019 | 11.79% | 9.25% | 0.60x | 2.12x | CN¥23.84 Million |
| 2020 | 15.60% | 10.11% | 0.69x | 2.25x | CN¥87.74 Million |
| 2021 | 15.28% | 11.10% | 0.67x | 2.04x | CN¥156.53 Million |
| 2022 | 10.36% | 9.81% | 0.64x | 1.65x | CN¥24.20 Million |
| 2023 | 8.03% | 8.43% | 0.57x | 1.68x | CN¥-138.46 Million |
| 2024 | 4.15% | 4.30% | 0.55x | 1.75x | CN¥-410.56 Million |
Industry Comparison
This section compares Jl Mag Rare-Earth Co Ltd Class A's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,395,074,785
- Average return on equity (ROE) among peers: 6.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jl Mag Rare-Earth Co Ltd Class A (300748) | CN¥7.33 Billion | 9.56% | 1.01x | $3.48 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $64.30 Million | 0.00% | 1.02x | $284.65 Million |
| Chongqing Changjiang River Moulding Material (Group) Co. Ltd. (001296) | $509.39 Million | 14.10% | 0.43x | $181.24 Million |
| Winstech Precision Hldg Co (001319) | $1.31 Billion | 8.55% | 0.30x | $171.05 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $1.34 Billion | 1.79% | 0.53x | $383.33 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.95 Billion | 3.40% | 0.34x | $476.45 Million |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $3.15 Billion | 5.21% | 0.69x | $733.89 Million |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $1.29 Billion | 10.75% | 0.38x | $1.78 Billion |
| Dajin Heavy Industry Corp (002487) | $1.74 Billion | 2.39% | 0.58x | $3.91 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $537.57 Million | 3.78% | 0.23x | $294.25 Million |
| Guangzheng Group Co Ltd (002524) | $1.06 Billion | 14.84% | 0.68x | $230.73 Million |