Joincare Pharmaceutical Group Industry Co Ltd
Joincare Pharmaceutical Group Industry Co.,Ltd. engages in the research, development, production, and sale of pharmaceuticals and health care products in China. The company offers chemical pharmaceuticals for respiratory, gastroenterology, assisted reproduction, psychiatry, and anti-infection; chemical APIs and intermediates for drugs for humans and veterinary drugs; and traditional Chinese medic… Read more
Joincare Pharmaceutical Group Industry Co Ltd (600380) - Net Assets
Latest net assets as of September 2025: CN¥24.08 Billion CNY
Based on the latest financial reports, Joincare Pharmaceutical Group Industry Co Ltd (600380) has net assets worth CN¥24.08 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¥36.01 Billion) and total liabilities (CN¥11.93 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¥24.08 Billion |
| % of Total Assets | 66.87% |
| Annual Growth Rate | 21.97% |
| 5-Year Change | 21.64% |
| 10-Year Change | 220.24% |
| Growth Volatility | 124.48 |
Joincare Pharmaceutical Group Industry Co Ltd - Net Assets Trend (1997–2024)
This chart illustrates how Joincare Pharmaceutical Group Industry 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 Joincare Pharmaceutical Group Industry Co Ltd (1997–2024)
The table below shows the annual net assets of Joincare Pharmaceutical Group Industry Co Ltd from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥23.40 Billion | +3.36% |
| 2023-12-31 | CN¥22.64 Billion | +2.81% |
| 2022-12-31 | CN¥22.02 Billion | +9.12% |
| 2021-12-31 | CN¥20.18 Billion | +4.90% |
| 2020-12-31 | CN¥19.24 Billion | +10.66% |
| 2019-12-31 | CN¥17.38 Billion | +6.67% |
| 2018-12-31 | CN¥16.30 Billion | +19.67% |
| 2017-12-31 | CN¥13.62 Billion | +45.88% |
| 2016-12-31 | CN¥9.33 Billion | +27.75% |
| 2015-12-31 | CN¥7.31 Billion | +11.70% |
| 2014-12-31 | CN¥6.54 Billion | +8.59% |
| 2013-12-31 | CN¥6.02 Billion | +7.76% |
| 2012-12-31 | CN¥5.59 Billion | +2.40% |
| 2011-12-31 | CN¥5.46 Billion | +2.68% |
| 2010-12-31 | CN¥5.32 Billion | +20.79% |
| 2009-12-31 | CN¥4.40 Billion | +13.98% |
| 2008-12-31 | CN¥3.86 Billion | -5.13% |
| 2007-12-31 | CN¥4.07 Billion | +41.23% |
| 2006-12-31 | CN¥2.88 Billion | -4.83% |
| 2005-12-31 | CN¥3.03 Billion | +1.87% |
| 2004-12-31 | CN¥2.97 Billion | -1.98% |
| 2003-12-31 | CN¥3.03 Billion | +50.73% |
| 2002-12-31 | CN¥2.01 Billion | +1.55% |
| 2001-12-31 | CN¥1.98 Billion | +668.64% |
| 2000-12-31 | CN¥257.75 Million | +35.73% |
| 1999-12-31 | CN¥189.89 Million | +35.06% |
| 1998-12-31 | CN¥140.59 Million | +28.06% |
| 1997-12-31 | CN¥109.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Joincare Pharmaceutical Group 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 40992.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.49 Billion | 72.18% |
| Common Stock | CN¥1.87 Billion | 12.89% |
| Other Comprehensive Income | CN¥1.32 Billion | 9.09% |
| Other Components | CN¥847.14 Million | 5.83% |
| Total Equity | CN¥14.53 Billion | 100.00% |
Joincare Pharmaceutical Group Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Joincare Pharmaceutical Group Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Virbac SA
PINK:VRBCF
|
$1.34 Billion |
|
Liberty Latin America Ltd Class C
NASDAQ:LILAK
|
$1.34 Billion |
|
China Conch Venture Holdings Limited
PINK:CCVTF
|
$1.34 Billion |
|
Kumho Petro Chemical
KO:011780
|
$1.34 Billion |
|
Pci-Suntek Technology Co Ltd
SHG:600728
|
$1.34 Billion |
|
Beijing Xinleineng Technology Co Ltd
SHE:300593
|
$1.34 Billion |
|
PCCOF
PINK:PCCOF
|
$1.34 Billion |
|
Atlas Energy Solutions Inc.
NYSE:AESI
|
$1.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Joincare Pharmaceutical Group Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,755,901,924 to 14,534,720,000, a change of 778,818,076 (5.7%).
- Net income of 1,386,570,193 contributed positively to equity growth.
- Dividend payments of 468,148,795 reduced retained earnings.
- Share repurchases of 1,188,238,308 reduced equity.
- Other comprehensive income increased equity by 1,084,614,138.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.39 Billion | +9.54% |
| Dividends Paid | CN¥468.15 Million | -3.22% |
| Share Repurchases | CN¥1.19 Billion | -8.18% |
| Other Comprehensive Income | CN¥1.08 Billion | +7.46% |
| Other Changes | CN¥-35.98 Million | -0.25% |
| Total Change | CN¥- | 5.66% |
Book Value vs Market Value Analysis
This analysis compares Joincare Pharmaceutical Group 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: 1.44x
- 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 175.28x to 1.44x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥0.06 | CN¥11.20 | x |
| 1998-12-31 | CN¥0.05 | CN¥11.20 | x |
| 1999-12-31 | CN¥0.11 | CN¥11.20 | x |
| 2000-12-31 | CN¥0.15 | CN¥11.20 | x |
| 2001-12-31 | CN¥1.15 | CN¥11.20 | x |
| 2002-12-31 | CN¥1.17 | CN¥11.20 | x |
| 2003-12-31 | CN¥1.24 | CN¥11.20 | x |
| 2004-12-31 | CN¥1.20 | CN¥11.20 | x |
| 2005-12-31 | CN¥1.23 | CN¥11.20 | x |
| 2006-12-31 | CN¥1.12 | CN¥11.20 | x |
| 2007-12-31 | CN¥1.66 | CN¥11.20 | x |
| 2008-12-31 | CN¥1.59 | CN¥11.20 | x |
| 2009-12-31 | CN¥1.79 | CN¥11.20 | x |
| 2010-12-31 | CN¥2.20 | CN¥11.20 | x |
| 2011-12-31 | CN¥2.20 | CN¥11.20 | x |
| 2012-12-31 | CN¥2.27 | CN¥11.20 | x |
| 2013-12-31 | CN¥2.39 | CN¥11.20 | x |
| 2014-12-31 | CN¥2.55 | CN¥11.20 | x |
| 2015-12-31 | CN¥2.72 | CN¥11.20 | x |
| 2016-12-31 | CN¥3.12 | CN¥11.20 | x |
| 2017-12-31 | CN¥4.71 | CN¥11.20 | x |
| 2018-12-31 | CN¥5.91 | CN¥11.20 | x |
| 2019-12-31 | CN¥5.33 | CN¥11.20 | x |
| 2020-12-31 | CN¥5.67 | CN¥11.20 | x |
| 2021-12-31 | CN¥6.10 | CN¥11.20 | x |
| 2022-12-31 | CN¥6.92 | CN¥11.20 | x |
| 2023-12-31 | CN¥7.25 | CN¥11.20 | x |
| 2024-12-31 | CN¥7.76 | CN¥11.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Joincare Pharmaceutical Group 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): 9.54%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.88%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 2.46x
- Recent ROE (9.54%) is below the historical average (16.53%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 77.24% | 26.79% | 0.71x | 4.09x | CN¥73.83 Million |
| 1998 | 63.60% | 15.01% | 0.66x | 6.44x | CN¥49.40 Million |
| 1999 | 28.04% | 10.92% | 0.71x | 3.59x | CN¥34.26 Million |
| 2000 | 60.52% | 23.02% | 0.89x | 2.95x | CN¥130.22 Million |
| 2001 | 10.13% | 29.55% | 0.29x | 1.17x | CN¥2.50 Million |
| 2002 | 8.56% | 24.15% | 0.28x | 1.26x | CN¥-28.82 Million |
| 2003 | 6.60% | 8.00% | 0.40x | 2.08x | CN¥-72.24 Million |
| 2004 | 4.72% | 4.15% | 0.53x | 2.14x | CN¥-108.86 Million |
| 2005 | 6.05% | 5.14% | 0.57x | 2.08x | CN¥-83.62 Million |
| 2006 | -2.49% | -2.20% | 0.46x | 2.49x | CN¥-238.22 Million |
| 2007 | 25.02% | 29.02% | 0.42x | 2.08x | CN¥435.29 Million |
| 2008 | -0.97% | -0.92% | 0.50x | 2.10x | CN¥-304.75 Million |
| 2009 | 15.57% | 13.20% | 0.60x | 1.97x | CN¥173.87 Million |
| 2010 | 19.29% | 16.55% | 0.63x | 1.85x | CN¥356.47 Million |
| 2011 | 6.91% | 5.47% | 0.54x | 2.33x | CN¥-117.13 Million |
| 2012 | 4.38% | 2.90% | 0.60x | 2.52x | CN¥-217.88 Million |
| 2013 | 6.70% | 4.40% | 0.58x | 2.63x | CN¥-134.75 Million |
| 2014 | 8.14% | 4.78% | 0.61x | 2.78x | CN¥-81.07 Million |
| 2015 | 8.77% | 4.77% | 0.63x | 2.93x | CN¥-57.99 Million |
| 2016 | 8.39% | 4.64% | 0.60x | 2.99x | CN¥-86.87 Million |
| 2017 | 28.88% | 19.79% | 0.49x | 3.01x | CN¥1.39 Billion |
| 2018 | 7.25% | 6.24% | 0.45x | 2.59x | CN¥-264.94 Million |
| 2019 | 8.64% | 7.47% | 0.47x | 2.46x | CN¥-141.25 Million |
| 2020 | 10.10% | 8.29% | 0.48x | 2.54x | CN¥10.83 Million |
| 2021 | 11.24% | 8.35% | 0.51x | 2.63x | CN¥146.47 Million |
| 2022 | 11.45% | 8.77% | 0.48x | 2.72x | CN¥190.60 Million |
| 2023 | 10.49% | 8.67% | 0.46x | 2.64x | CN¥67.19 Million |
| 2024 | 9.54% | 8.88% | 0.44x | 2.46x | CN¥-66.90 Million |
Industry Comparison
This section compares Joincare Pharmaceutical Group Industry Co Ltd's net assets metrics with peer companies in the Drug Manufacturers - Specialty & Generic industry.
Industry Context
- Industry: Drug Manufacturers - Specialty & Generic
- Average net assets among peers: $2,123,990,643
- Average return on equity (ROE) among peers: -0.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Joincare Pharmaceutical Group Industry Co Ltd (600380) | CN¥24.08 Billion | 77.24% | 0.50x | $1.34 Billion |
| Shenzhen Neptunus Bioengineering Co Ltd (000078) | $6.47 Billion | 9.88% | 3.77x | $616.08 Million |
| Anhui Fengyuan Pharmaceutical Co Ltd (000153) | $1.18 Billion | 2.74% | 0.95x | $320.56 Million |
| Shan Dong Dong-E E-Jiao Co Ltd (000423) | $10.33 Billion | 15.07% | 0.27x | $3.03 Billion |
| Wedge Industrial Co Ltd (000534) | $298.72 Million | 1.96% | 0.38x | $1.77 Billion |
| Yunnan Baiyao Group Co Ltd (000538) | $35.11 Million | 18.13% | 0.80x | $5.62 Billion |
| Hainan Haiyao Co Ltd (000566) | $353.98 Million | -9.58% | 0.80x | $702.18 Million |
| Tus Pharmaceutical Group Co Ltd (000590) | $269.51 Million | -61.02% | 1.05x | $317.08 Million |
| Northeast Pharmaceutical Group Co Ltd (000597) | $927.49 Million | 2.65% | 1.38x | $425.60 Million |
| Jilin Aodong Pharmaceutical Group Co Ltd (000623) | $1.11 Billion | 7.32% | 0.29x | $2.05 Billion |
| Renhe Pharmacy Co Ltd (000650) | $261.49 Million | 10.60% | 0.82x | $777.45 Million |