Jiangxi Hongcheng Waterworks Co Ltd
Jiangxi Hongcheng Environment Co.,Ltd., together with its subsidiaries, produces and supplies tap water in China. It operates through Tap Water Production and Sales; Sewage Treatment Service; Energy; Solid Waste Treatment Services; Engineering; and Others segments. The company engages in municipal water supply and drainage engineering design; water pollution prevention and control; environmental … Read more
Jiangxi Hongcheng Waterworks Co Ltd (600461) - Net Assets
Latest net assets as of September 2025: CN¥10.92 Billion CNY
Based on the latest financial reports, Jiangxi Hongcheng Waterworks Co Ltd (600461) has net assets worth CN¥10.92 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¥25.03 Billion) and total liabilities (CN¥14.11 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¥10.92 Billion |
| % of Total Assets | 43.63% |
| Annual Growth Rate | 20.0% |
| 5-Year Change | 76.09% |
| 10-Year Change | 405.27% |
| Growth Volatility | 48.85 |
Jiangxi Hongcheng Waterworks Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Jiangxi Hongcheng Waterworks 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 Jiangxi Hongcheng Waterworks Co Ltd (2001–2024)
The table below shows the annual net assets of Jiangxi Hongcheng Waterworks Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.56 Billion | +17.75% |
| 2023-12-31 | CN¥8.96 Billion | +10.80% |
| 2022-12-31 | CN¥8.09 Billion | +25.09% |
| 2021-12-31 | CN¥6.47 Billion | +7.90% |
| 2020-12-31 | CN¥5.99 Billion | +15.92% |
| 2019-12-31 | CN¥5.17 Billion | +33.99% |
| 2018-12-31 | CN¥3.86 Billion | +8.52% |
| 2017-12-31 | CN¥3.56 Billion | +5.00% |
| 2016-12-31 | CN¥3.39 Billion | +62.15% |
| 2015-12-31 | CN¥2.09 Billion | +9.29% |
| 2014-12-31 | CN¥1.91 Billion | +6.22% |
| 2013-12-31 | CN¥1.80 Billion | +4.61% |
| 2012-12-31 | CN¥1.72 Billion | +2.79% |
| 2011-12-31 | CN¥1.67 Billion | +6.26% |
| 2010-12-31 | CN¥1.58 Billion | +197.40% |
| 2009-12-31 | CN¥529.61 Million | +2.89% |
| 2008-12-31 | CN¥514.71 Million | +4.56% |
| 2007-12-31 | CN¥492.24 Million | +3.31% |
| 2006-12-31 | CN¥476.49 Million | +5.54% |
| 2005-12-31 | CN¥451.49 Million | +3.03% |
| 2004-12-31 | CN¥438.20 Million | +156.88% |
| 2003-12-31 | CN¥170.59 Million | +2.72% |
| 2002-12-31 | CN¥166.07 Million | +4.24% |
| 2001-12-31 | CN¥159.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jiangxi Hongcheng Waterworks 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 21484.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.15 Billion | 44.19% |
| Common Stock | CN¥1.28 Billion | 13.67% |
| Other Comprehensive Income | CN¥579.56 Million | 6.17% |
| Other Components | CN¥3.38 Billion | 35.97% |
| Total Equity | CN¥9.39 Billion | 100.00% |
Jiangxi Hongcheng Waterworks Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangxi Hongcheng Waterworks Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MAC Copper Ltd
AU:MAC
|
$943.30 Million |
|
Huachangda Intelligent Equipment Group Co Ltd
SHE:300278
|
$943.32 Million |
|
TEEKAY TANKERS P.R.S.-01
F:3TKA
|
$943.34 Million |
|
SUFA Technology Industry Co Ltd CNNC
SHE:000777
|
$943.61 Million |
|
Netmarble Games Corp
KO:251270
|
$942.21 Million |
|
Ducgiang Chemicals & Detergent Powder Joint Co
VN:DGC
|
$941.89 Million |
|
HuBei SanFeng Intelligent Conveying Equipment Co Ltd
SHE:300276
|
$941.88 Million |
|
BORR DRILLING NEW DL -10
F:B2W
|
$941.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangxi Hongcheng Waterworks Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,937,573,950 to 9,393,686,969, a change of 1,456,113,019 (18.3%).
- Net income of 1,189,979,287 contributed positively to equity growth.
- Dividend payments of 607,832,685 reduced retained earnings.
- Other comprehensive income decreased equity by 100,283,427.
- Other factors increased equity by 974,249,844.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.19 Billion | +12.67% |
| Dividends Paid | CN¥607.83 Million | -6.47% |
| Other Comprehensive Income | CN¥-100.28 Million | -1.07% |
| Other Changes | CN¥974.25 Million | +10.37% |
| Total Change | CN¥- | 18.34% |
Book Value vs Market Value Analysis
This analysis compares Jiangxi Hongcheng Waterworks 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: 1.46x
- 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 23.81x to 1.46x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.42 | CN¥10.04 | x |
| 2002-12-31 | CN¥0.44 | CN¥10.04 | x |
| 2003-12-31 | CN¥0.45 | CN¥10.04 | x |
| 2004-12-31 | CN¥1.16 | CN¥10.04 | x |
| 2005-12-31 | CN¥1.20 | CN¥10.04 | x |
| 2006-12-31 | CN¥1.23 | CN¥10.04 | x |
| 2007-12-31 | CN¥1.27 | CN¥10.04 | x |
| 2008-12-31 | CN¥1.28 | CN¥10.04 | x |
| 2009-12-31 | CN¥1.31 | CN¥10.04 | x |
| 2010-12-31 | CN¥3.85 | CN¥10.04 | x |
| 2011-12-31 | CN¥2.76 | CN¥10.04 | x |
| 2012-12-31 | CN¥2.87 | CN¥10.04 | x |
| 2013-12-31 | CN¥2.92 | CN¥10.04 | x |
| 2014-12-31 | CN¥3.13 | CN¥10.04 | x |
| 2015-12-31 | CN¥3.40 | CN¥10.04 | x |
| 2016-12-31 | CN¥3.98 | CN¥10.04 | x |
| 2017-12-31 | CN¥4.10 | CN¥10.04 | x |
| 2018-12-31 | CN¥4.52 | CN¥10.04 | x |
| 2019-12-31 | CN¥5.93 | CN¥10.04 | x |
| 2020-12-31 | CN¥5.65 | CN¥10.04 | x |
| 2021-12-31 | CN¥4.67 | CN¥10.04 | x |
| 2022-12-31 | CN¥5.64 | CN¥10.04 | x |
| 2023-12-31 | CN¥6.16 | CN¥10.04 | x |
| 2024-12-31 | CN¥6.87 | CN¥10.04 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangxi Hongcheng Waterworks 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): 12.67%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.46%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 2.63x
- Recent ROE (12.67%) is above the historical average (9.50%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 15.40% | 22.51% | 0.45x | 1.51x | CN¥8.61 Million |
| 2002 | 15.25% | 21.64% | 0.45x | 1.56x | CN¥8.72 Million |
| 2003 | 14.93% | 19.91% | 0.44x | 1.69x | CN¥8.41 Million |
| 2004 | 5.82% | 19.05% | 0.25x | 1.23x | CN¥-18.32 Million |
| 2005 | 6.04% | 17.89% | 0.25x | 1.37x | CN¥-17.86 Million |
| 2006 | 6.21% | 16.91% | 0.26x | 1.40x | CN¥-17.56 Million |
| 2007 | 6.13% | 16.08% | 0.28x | 1.34x | CN¥-18.56 Million |
| 2008 | 4.27% | 10.88% | 0.27x | 1.44x | CN¥-27.83 Million |
| 2009 | 4.24% | 5.11% | 0.58x | 1.42x | CN¥-28.53 Million |
| 2010 | 6.06% | 11.06% | 0.21x | 2.56x | CN¥-60.62 Million |
| 2011 | 6.04% | 9.94% | 0.25x | 2.43x | CN¥-64.65 Million |
| 2012 | 6.01% | 9.67% | 0.24x | 2.57x | CN¥-66.86 Million |
| 2013 | 5.70% | 8.38% | 0.26x | 2.65x | CN¥-75.00 Million |
| 2014 | 8.00% | 10.24% | 0.29x | 2.68x | CN¥-37.15 Million |
| 2015 | 12.62% | 8.30% | 0.56x | 2.71x | CN¥53.28 Million |
| 2016 | 7.54% | 7.52% | 0.40x | 2.51x | CN¥-75.80 Million |
| 2017 | 8.53% | 7.73% | 0.42x | 2.63x | CN¥-47.29 Million |
| 2018 | 9.52% | 7.68% | 0.44x | 2.83x | CN¥-16.89 Million |
| 2019 | 10.29% | 9.08% | 0.45x | 2.49x | CN¥13.71 Million |
| 2020 | 12.22% | 10.06% | 0.40x | 3.04x | CN¥120.47 Million |
| 2021 | 17.35% | 11.18% | 0.52x | 3.01x | CN¥432.59 Million |
| 2022 | 13.53% | 12.36% | 0.37x | 2.94x | CN¥250.96 Million |
| 2023 | 13.64% | 13.45% | 0.35x | 2.89x | CN¥289.12 Million |
| 2024 | 12.67% | 14.46% | 0.33x | 2.63x | CN¥250.61 Million |
Industry Comparison
This section compares Jiangxi Hongcheng Waterworks Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $1,439,652,520
- Average return on equity (ROE) among peers: 2.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangxi Hongcheng Waterworks Co Ltd (600461) | CN¥10.92 Billion | 15.40% | 1.29x | $942.91 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $584.48 Million | 10.98% | 0.21x | $1.21 Billion |
| Bohai Water Industry Co Ltd (000605) | $64.80 Million | 0.52% | 1.08x | $175.81 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $336.94 Million | 2.85% | 0.21x | $1.17 Billion |
| Guangdong Shunkong Development Co Ltd (003039) | $3.08 Billion | 7.76% | 0.50x | $278.69 Million |
| Gansu Dayu Water saving Group (300021) | $426.20 Million | 7.03% | 1.63x | $347.65 Million |
| Beijing Water Business Doctor (300055) | $1.75 Billion | 5.65% | 0.24x | $351.93 Million |
| BGT Group Co. Ltd. (300774) | $1.02 Billion | 11.72% | 0.28x | $366.11 Million |
| Hynar Water Group Co. Ltd. (300961) | $777.03 Million | -31.81% | 2.48x | $330.12 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $896.71 Million | 5.89% | 1.20x | $197.50 Million |
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | $5.47 Billion | 2.65% | 3.12x | $316.91 Million |