Jilin Forest (600189) - Net Assets
Based on the latest financial reports, Jilin Forest (600189) has net assets worth CN¥1.48 Billion CNY (≈ $215.90 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¥4.24 Billion ≈ $620.45 Million USD) and total liabilities (CN¥2.76 Billion ≈ $404.55 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 Jilin Forest (600189) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.48 Billion |
| % of Total Assets | 34.8% |
| Annual Growth Rate | 5.85% |
| 5-Year Change | -16.32% |
| 10-Year Change | 1.18% |
| Growth Volatility | 41.29 |
Jilin Forest - Net Assets Trend (1995–2025)
This chart illustrates how Jilin Forest's net assets have evolved over time, based on quarterly financial data. See Jilin Forest defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jilin Forest (1995–2025)
The table below shows the annual net assets of Jilin Forest from 1995 to 2025. For live valuation and market cap data, see Jilin Forest (600189) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.46 Billion ≈ $213.26 Million |
+2.70% |
| 2024-12-31 | CN¥1.42 Billion ≈ $207.65 Million |
+2.98% |
| 2023-12-31 | CN¥1.38 Billion ≈ $201.65 Million |
-24.11% |
| 2022-12-31 | CN¥1.82 Billion ≈ $265.70 Million |
+4.26% |
| 2021-12-31 | CN¥1.74 Billion ≈ $254.85 Million |
+7.26% |
| 2020-12-31 | CN¥1.62 Billion ≈ $237.60 Million |
+6.20% |
| 2019-12-31 | CN¥1.53 Billion ≈ $223.73 Million |
-50.11% |
| 2018-12-31 | CN¥3.06 Billion ≈ $448.45 Million |
+17.37% |
| 2017-12-31 | CN¥2.61 Billion ≈ $382.07 Million |
+81.27% |
| 2016-12-31 | CN¥1.44 Billion ≈ $210.78 Million |
-0.28% |
| 2015-12-31 | CN¥1.44 Billion ≈ $211.36 Million |
+1.48% |
| 2014-12-31 | CN¥1.42 Billion ≈ $208.27 Million |
+0.31% |
| 2013-12-31 | CN¥1.42 Billion ≈ $207.63 Million |
+3.39% |
| 2012-12-31 | CN¥1.37 Billion ≈ $200.82 Million |
-2.70% |
| 2011-12-31 | CN¥1.41 Billion ≈ $206.39 Million |
-0.94% |
| 2010-12-31 | CN¥1.42 Billion ≈ $208.35 Million |
+5.13% |
| 2009-12-31 | CN¥1.35 Billion ≈ $198.19 Million |
-2.89% |
| 2008-12-31 | CN¥1.39 Billion ≈ $204.09 Million |
+0.88% |
| 2007-12-31 | CN¥1.38 Billion ≈ $202.31 Million |
+0.83% |
| 2006-12-31 | CN¥1.37 Billion ≈ $200.64 Million |
-1.05% |
| 2005-12-31 | CN¥1.39 Billion ≈ $202.77 Million |
-2.05% |
| 2004-12-31 | CN¥1.41 Billion ≈ $207.01 Million |
+3.11% |
| 2003-12-31 | CN¥1.37 Billion ≈ $200.77 Million |
+11.36% |
| 2002-12-31 | CN¥1.23 Billion ≈ $180.30 Million |
+1.66% |
| 2001-12-31 | CN¥1.21 Billion ≈ $177.35 Million |
+4.75% |
| 2000-12-31 | CN¥1.16 Billion ≈ $169.32 Million |
+29.46% |
| 1999-12-31 | CN¥893.77 Million ≈ $130.79 Million |
+6.84% |
| 1998-12-31 | CN¥836.53 Million ≈ $122.41 Million |
+207.96% |
| 1997-12-31 | CN¥271.64 Million ≈ $39.75 Million |
+0.53% |
| 1996-12-31 | CN¥270.19 Million ≈ $39.54 Million |
+1.93% |
| 1995-12-31 | CN¥265.09 Million ≈ $38.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jilin Forest'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 146278831406.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.69 Billion | 219.28% |
| Total Equity | CN¥1.23 Billion | 100.00% |
Jilin Forest Competitors by Market Cap
The table below lists competitors of Jilin Forest ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Allied Industrial Corp. Ltd. A
SHE:301419
|
$800.73 Million |
|
Montrose Environmental Grp
NYSE:MEG
|
$800.80 Million |
|
TTK Prestige Limited
NSE:TTKPRESTIG
|
$801.70 Million |
|
Shenzhen Rapoo Technology
SHE:002577
|
$801.75 Million |
|
Chung Hung Steel Corp
TW:2014
|
$800.53 Million |
|
Gujarat Pipavav Port Limited
NSE:GPPL
|
$800.34 Million |
|
Max Estates Limited
NSE:MAXESTATES
|
$800.22 Million |
|
Suzhou Kingswood Printing Ink Co Ltd
SHE:300192
|
$800.00 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jilin Forest's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,211,234,633 to 1,226,313,408, a change of 15,078,775 (1.2%).
- Net income of 15,078,800 contributed positively to equity growth.
- Dividend payments of 41,558,399 reduced retained earnings.
- Other comprehensive income decreased equity by 242,151,636.
- Other factors increased equity by 283,710,010.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥15.08 Million | +1.23% |
| Dividends Paid | CN¥41.56 Million | -3.39% |
| Other Comprehensive Income | CN¥-242.15 Million | -19.75% |
| Other Changes | CN¥283.71 Million | +23.14% |
| Total Change | CN¥- | 1.24% |
Book Value vs Market Value Analysis
This analysis compares Jilin Forest'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: 4.70x
- 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 11.85x to 4.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.65 | CN¥7.65 | x |
| 1996-12-31 | CN¥0.66 | CN¥7.65 | x |
| 1997-12-31 | CN¥0.66 | CN¥7.65 | x |
| 1998-12-31 | CN¥2.04 | CN¥7.65 | x |
| 1999-12-31 | CN¥2.18 | CN¥7.65 | x |
| 2000-12-31 | CN¥2.82 | CN¥7.65 | x |
| 2001-12-31 | CN¥2.94 | CN¥7.65 | x |
| 2002-12-31 | CN¥2.98 | CN¥7.65 | x |
| 2003-12-31 | CN¥3.23 | CN¥7.65 | x |
| 2004-12-31 | CN¥3.32 | CN¥7.65 | x |
| 2005-12-31 | CN¥3.26 | CN¥7.65 | x |
| 2006-12-31 | CN¥3.19 | CN¥7.65 | x |
| 2007-12-31 | CN¥3.31 | CN¥7.65 | x |
| 2008-12-31 | CN¥3.28 | CN¥7.65 | x |
| 2009-12-31 | CN¥3.39 | CN¥7.65 | x |
| 2010-12-31 | CN¥3.24 | CN¥7.65 | x |
| 2011-12-31 | CN¥3.40 | CN¥7.65 | x |
| 2012-12-31 | CN¥3.27 | CN¥7.65 | x |
| 2013-12-31 | CN¥3.24 | CN¥7.65 | x |
| 2014-12-31 | CN¥2.86 | CN¥7.65 | x |
| 2015-12-31 | CN¥3.20 | CN¥7.65 | x |
| 2016-12-31 | CN¥3.02 | CN¥7.65 | x |
| 2017-12-31 | CN¥3.50 | CN¥7.65 | x |
| 2018-12-31 | CN¥4.22 | CN¥7.65 | x |
| 2019-12-31 | CN¥1.96 | CN¥7.65 | x |
| 2020-12-31 | CN¥2.15 | CN¥7.65 | x |
| 2021-12-31 | CN¥2.27 | CN¥7.65 | x |
| 2022-12-31 | CN¥2.29 | CN¥7.65 | x |
| 2023-12-31 | CN¥1.67 | CN¥7.65 | x |
| 2024-12-31 | CN¥1.97 | CN¥7.65 | x |
| 2025-12-31 | CN¥1.63 | CN¥7.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jilin Forest 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): 1.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.20%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 3.41x
- Recent ROE (1.23%) is below the historical average (2.12%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 28.76% | 20.11% | 0.78x | 1.83x | CN¥49.74 Million |
| 1996 | 26.54% | 18.79% | 0.75x | 1.89x | CN¥44.68 Million |
| 1997 | 29.61% | 22.25% | 0.73x | 1.83x | CN¥53.28 Million |
| 1998 | 10.97% | 26.00% | 0.36x | 1.19x | CN¥8.15 Million |
| 1999 | 10.96% | 22.59% | 0.41x | 1.20x | CN¥8.61 Million |
| 2000 | 9.04% | 19.24% | 0.33x | 1.44x | CN¥-11.14 Million |
| 2001 | 9.15% | 18.00% | 0.36x | 1.42x | CN¥-10.20 Million |
| 2002 | 8.52% | 14.45% | 0.48x | 1.23x | CN¥-18.17 Million |
| 2003 | 7.56% | 12.10% | 0.45x | 1.40x | CN¥-32.29 Million |
| 2004 | 7.37% | 8.97% | 0.57x | 1.44x | CN¥-35.87 Million |
| 2005 | 5.76% | 6.60% | 0.57x | 1.53x | CN¥-56.79 Million |
| 2006 | 5.00% | 5.04% | 0.54x | 1.84x | CN¥-65.51 Million |
| 2007 | 3.72% | 3.07% | 0.65x | 1.87x | CN¥-81.39 Million |
| 2008 | 3.07% | 2.44% | 0.75x | 1.68x | CN¥-90.86 Million |
| 2009 | 0.91% | 0.91% | 0.62x | 1.60x | CN¥-116.08 Million |
| 2010 | 4.03% | 3.71% | 0.53x | 2.06x | CN¥-77.48 Million |
| 2011 | 5.66% | 4.94% | 0.55x | 2.10x | CN¥-58.29 Million |
| 2012 | 2.97% | 3.05% | 0.42x | 2.33x | CN¥-92.96 Million |
| 2013 | 3.09% | 2.88% | 0.42x | 2.55x | CN¥-92.23 Million |
| 2014 | 0.81% | 0.71% | 0.39x | 2.95x | CN¥-120.70 Million |
| 2015 | 3.37% | 3.25% | 0.30x | 3.47x | CN¥-88.05 Million |
| 2016 | 3.57% | 6.32% | 0.20x | 2.86x | CN¥-90.40 Million |
| 2017 | 0.48% | 1.17% | 0.17x | 2.44x | CN¥-238.79 Million |
| 2018 | 1.42% | 2.71% | 0.23x | 2.24x | CN¥-253.50 Million |
| 2019 | -105.81% | -92.69% | 0.31x | 3.67x | CN¥-1.63 Billion |
| 2020 | 5.58% | 6.05% | 0.28x | 3.26x | CN¥-65.79 Million |
| 2021 | 6.61% | 7.16% | 0.29x | 3.17x | CN¥-53.98 Million |
| 2022 | 3.50% | 4.55% | 0.26x | 2.97x | CN¥-107.25 Million |
| 2023 | -38.32% | -40.75% | 0.26x | 3.62x | CN¥-576.49 Million |
| 2024 | 0.51% | 0.51% | 0.27x | 3.60x | CN¥-114.98 Million |
| 2025 | 1.23% | 1.20% | 0.30x | 3.41x | CN¥-107.55 Million |
Industry Comparison
This section compares Jilin Forest's net assets metrics with peer companies in the Beverages - Non-Alcoholic industry.
Industry Context
- Industry: Beverages - Non-Alcoholic
- Average net assets among peers: $2,975,818,208
- Average return on equity (ROE) among peers: 22.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jilin Forest (600189) | CN¥1.48 Billion | 28.76% | 1.87x | $800.62 Million |
| He Bei Cheng De LoLo Co Ltd (000848) | $735.93 Million | 7.26% | 0.19x | $1.15 Billion |
| HUANLEJIA Food Group Co. Ltd. (300997) | $618.66 Million | 33.42% | 1.28x | $999.29 Million |
| Hebei Yangyuan ZhiHui Beverage Co Ltd (603156) | $12.46 Billion | 16.93% | 0.27x | $8.42 Billion |
| Yantai North Andre Juice Co Ltd (605198) | $175.43 Million | 28.52% | 1.36x | $3.23 Billion |
| JuneYao Dairy Co Ltd (605388) | $1.95 Billion | 7.55% | 0.18x | $453.41 Million |
| Eastroc Beverage Group Co Ltd (605499) | $1.91 Billion | 42.44% | 1.28x | $9.18 Billion |
About Jilin Forest
Jilin Quanyangquan Co., Ltd. engages in the production and sale of door products, mineral water, and seedlings in China. The company operates through Mineral Water Distribution, Landscape and Greening Business, Door Products Business, and Others segments. It also engages in the trade distribution; industrial production; greening project; design and construction of landscape, gardening, and greeni… Read more