Jiangsu Sanfangxiang Industry Co Ltd (600370) - Net Assets

Latest as of September 2025: CN¥5.24 Billion CNY ≈ $767.27 Million USD

Based on the latest financial reports, Jiangsu Sanfangxiang Industry Co Ltd (600370) has net assets worth CN¥5.24 Billion CNY (≈ $767.27 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥19.52 Billion ≈ $2.86 Billion USD) and total liabilities (CN¥14.28 Billion ≈ $2.09 Billion 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 600370 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥5.24 Billion
% of Total Assets	26.86%
Annual Growth Rate	15.43%
5-Year Change	-3.24%
10-Year Change	305.1%
Growth Volatility	67.94

Jiangsu Sanfangxiang Industry Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Jiangsu Sanfangxiang Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Jiangsu Sanfangxiang Industry Co Ltd balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Jiangsu Sanfangxiang Industry Co Ltd (2000–2024)

The table below shows the annual net assets of Jiangsu Sanfangxiang Industry Co Ltd from 2000 to 2024. For live valuation and market cap data, see 600370 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥5.77 Billion ≈ $844.43 Million	-8.35%
2023-12-31	CN¥6.30 Billion ≈ $921.42 Million	-6.68%
2022-12-31	CN¥6.75 Billion ≈ $987.37 Million	+3.61%
2021-12-31	CN¥6.51 Billion ≈ $952.97 Million	+9.20%
2020-12-31	CN¥5.96 Billion ≈ $872.71 Million	+277.32%
2019-12-31	CN¥1.58 Billion ≈ $231.29 Million	-32.27%
2018-12-31	CN¥2.33 Billion ≈ $341.48 Million	+56.09%
2017-12-31	CN¥1.50 Billion ≈ $218.78 Million	+0.84%
2016-12-31	CN¥1.48 Billion ≈ $216.95 Million	+4.08%
2015-12-31	CN¥1.42 Billion ≈ $208.45 Million	+2.07%
2014-12-31	CN¥1.40 Billion ≈ $204.22 Million	+1.04%
2013-12-31	CN¥1.38 Billion ≈ $202.11 Million	+1.62%
2012-12-31	CN¥1.36 Billion ≈ $198.89 Million	+1.62%
2011-12-31	CN¥1.34 Billion ≈ $195.73 Million	+0.43%
2010-12-31	CN¥1.33 Billion ≈ $194.89 Million	+2.80%
2009-12-31	CN¥1.30 Billion ≈ $189.58 Million	+3.28%
2008-12-31	CN¥1.25 Billion ≈ $183.55 Million	-0.83%
2007-12-31	CN¥1.26 Billion ≈ $185.10 Million	+43.05%
2006-12-31	CN¥884.21 Million ≈ $129.39 Million	+4.10%
2005-12-31	CN¥849.35 Million ≈ $124.29 Million	+5.05%
2004-12-31	CN¥808.55 Million ≈ $118.32 Million	+16.23%
2003-12-31	CN¥695.64 Million ≈ $101.79 Million	+205.86%
2002-12-31	CN¥227.44 Million ≈ $33.28 Million	-0.65%
2001-12-31	CN¥228.93 Million ≈ $33.50 Million	+24.33%
2000-12-31	CN¥184.14 Million ≈ $26.94 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Jiangsu Sanfangxiang Industry 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 6242.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥346.82 Million	6.01%
Common Stock	CN¥3.90 Billion	67.52%
Other Components	CN¥1.53 Billion	26.47%
Total Equity	CN¥5.77 Billion	100.00%

Jiangsu Sanfangxiang Industry Co Ltd Competitors by Market Cap

The table below lists competitors of Jiangsu Sanfangxiang Industry Co Ltd ranked by their market capitalization.

Company	Market Cap
Huabao Flavours & Fragrances Co Ltd Class A SHE:300741	$1.49 Billion
Hyundai Wia KO:011210	$1.49 Billion
Shenzhen Yanmade Technology Inc SHG:688312	$1.49 Billion
Progyny Inc NASDAQ:PGNY	$1.49 Billion
Global Blue Group Holding Ltd NYSE:GB	$1.49 Billion
Zhejiang Huatong Meat Products Co Ltd SHE:002840	$1.49 Billion
Etablissements Maurel et Prom SA PA:MAU	$1.49 Billion
Bright Dairy & Food Co Ltd SHG:600597	$1.49 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Jiangsu Sanfangxiang Industry Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 6,296,770,380 to 5,770,682,212, a change of -526,088,168 (-8.4%).
Net loss of 487,474,348 reduced equity.
Dividend payments of 157,649,454 reduced retained earnings.
Share repurchases of 39,376,421 reduced equity.
Other factors increased equity by 158,412,055.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-487.47 Million	-8.45%
Dividends Paid	CN¥157.65 Million	-2.73%
Share Repurchases	CN¥39.38 Million	-0.68%
Other Changes	CN¥158.41 Million	+2.75%
Total Change	CN¥-	-8.35%

Book Value vs Market Value Analysis

This analysis compares Jiangsu Sanfangxiang Industry 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: 1.72x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 5.47x to 1.72x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2000-12-31	CN¥0.46	CN¥2.54	x
2001-12-31	CN¥0.48	CN¥2.54	x
2002-12-31	CN¥0.48	CN¥2.54	x
2003-12-31	CN¥1.58	CN¥2.54	x
2004-12-31	CN¥1.70	CN¥2.54	x
2005-12-31	CN¥1.80	CN¥2.54	x
2006-12-31	CN¥1.04	CN¥2.54	x
2007-12-31	CN¥1.47	CN¥2.54	x
2008-12-31	CN¥1.38	CN¥2.54	x
2009-12-31	CN¥1.43	CN¥2.54	x
2010-12-31	CN¥1.46	CN¥2.54	x
2011-12-31	CN¥1.46	CN¥2.54	x
2012-12-31	CN¥1.48	CN¥2.54	x
2013-12-31	CN¥1.49	CN¥2.54	x
2014-12-31	CN¥1.49	CN¥2.54	x
2015-12-31	CN¥1.51	CN¥2.54	x
2016-12-31	CN¥1.56	CN¥2.54	x
2017-12-31	CN¥1.59	CN¥2.54	x
2018-12-31	CN¥2.62	CN¥2.54	x
2019-12-31	CN¥0.37	CN¥2.54	x
2020-12-31	CN¥1.57	CN¥2.54	x
2021-12-31	CN¥1.73	CN¥2.54	x
2022-12-31	CN¥1.73	CN¥2.54	x
2023-12-31	CN¥1.62	CN¥2.54	x
2024-12-31	CN¥1.48	CN¥2.54	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jiangsu Sanfangxiang Industry 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): -8.45%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -2.02%
• Asset Turnover: 1.30x
• Equity Multiplier: 3.22x
Recent ROE (-8.45%) is below the historical average (8.30%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	19.31%	6.31%	2.01x	1.52x	CN¥17.15 Million
2001	19.91%	6.11%	1.44x	2.26x	CN¥18.99 Million
2002	20.66%	6.48%	1.24x	2.58x	CN¥20.33 Million
2003	6.58%	5.27%	0.74x	1.68x	CN¥-21.53 Million
2004	10.62%	7.62%	0.77x	1.81x	CN¥4.20 Million
2005	9.79%	5.97%	1.00x	1.65x	CN¥-1.51 Million
2006	10.17%	5.62%	1.01x	1.80x	CN¥1.27 Million
2007	5.19%	4.33%	0.87x	1.38x	CN¥-53.41 Million
2008	0.65%	0.74%	0.64x	1.39x	CN¥-103.05 Million
2009	3.04%	3.17%	0.72x	1.34x	CN¥-79.13 Million
2010	5.22%	4.67%	0.83x	1.34x	CN¥-55.78 Million
2011	2.83%	2.16%	0.99x	1.32x	CN¥-83.68 Million
2012	2.48%	1.96%	0.97x	1.31x	CN¥-88.73 Million
2013	2.09%	1.88%	0.87x	1.28x	CN¥-94.08 Million
2014	1.27%	1.35%	0.72x	1.31x	CN¥-103.78 Million
2015	1.54%	1.86%	0.62x	1.34x	CN¥-101.65 Million
2016	3.75%	4.76%	0.58x	1.37x	CN¥-77.69 Million
2017	3.47%	4.14%	0.61x	1.38x	CN¥-82.95 Million
2018	2.57%	4.54%	0.05x	10.51x	CN¥-155.40 Million
2019	57.60%	3.50%	12.33x	1.33x	CN¥639.32 Million
2020	9.74%	3.43%	1.29x	2.21x	CN¥-14.66 Million
2021	9.67%	3.23%	1.68x	1.78x	CN¥-21.52 Million
2022	12.13%	3.58%	1.59x	2.13x	CN¥143.52 Million
2023	-4.37%	-1.17%	1.46x	2.56x	CN¥-904.64 Million
2024	-8.45%	-2.02%	1.30x	3.22x	CN¥-1.06 Billion

Industry Comparison

This section compares Jiangsu Sanfangxiang Industry Co Ltd's net assets metrics with peer companies in the Textile Manufacturing industry.

Industry Context

Industry: Textile Manufacturing
Average net assets among peers: $2,224,600,005
Average return on equity (ROE) among peers: 3.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jiangsu Sanfangxiang Industry Co Ltd (600370)	CN¥5.24 Billion	19.31%	2.72x	$1.49 Billion
Shenzhen Textile Holdings Co Ltd (000045)	$443.96 Million	4.87%	0.49x	$803.19 Million
Shijiazhuang Changshan Textile Co Ltd (000158)	$5.94 Billion	-3.50%	1.79x	$4.02 Billion
Jilin Chemical Fibre Co Ltd (000420)	$601.47 Million	-48.88%	4.05x	$1.84 Billion
Lu Thai Textile Co Ltd (000726)	$3.78 Billion	13.57%	0.88x	$566.63 Million
Anhui Huamao Textile Co Ltd (000850)	$3.96 Billion	9.54%	0.69x	$626.92 Million
Xinxiang Chemical Fiber Co Ltd (000949)	$123.80 Million	28.04%	1.26x	$1.96 Billion
Xinlong Holding Group Co Ltd (000955)	$504.81 Million	9.19%	0.52x	$409.68 Million
Huafu Top Dyed Melange Yarn Co Ltd (002042)	$1.28 Billion	11.43%	2.16x	$1.23 Billion
Sunvim Group Co Ltd (002083)	$3.92 Billion	7.31%	1.09x	$1.57 Billion
Hongda High-Tech Holding Co Ltd (002144)	$1.69 Billion	5.72%	0.20x	$368.59 Million

About Jiangsu Sanfangxiang Industry Co Ltd

SHG:600370 China Textile Manufacturing

Market Cap

$1.49 Billion

CN¥10.21 Billion CNY

Market Cap Rank

#7400 Global

#1772 in China

Share Price

CN¥2.54

Change (1 day)

-4.87%

52-Week Range

CN¥1.84 - CN¥3.00

All Time High

CN¥6.55