Jiangxi Hongcheng Waterworks Co Ltd (600461) - Net Assets

Latest as of September 2025: CN¥10.92 Billion CNY ≈ $1.60 Billion USD

Based on the latest financial reports, Jiangxi Hongcheng Waterworks Co Ltd (600461) has net assets worth CN¥10.92 Billion CNY (≈ $1.60 Billion 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¥25.03 Billion ≈ $3.66 Billion USD) and total liabilities (CN¥14.11 Billion ≈ $2.06 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 600461 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 600461 asset base for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Jiangxi Hongcheng Waterworks Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥10.56 Billion ≈ $1.54 Billion	+17.75%
2023-12-31	CN¥8.96 Billion ≈ $1.31 Billion	+10.80%
2022-12-31	CN¥8.09 Billion ≈ $1.18 Billion	+25.09%
2021-12-31	CN¥6.47 Billion ≈ $946.50 Million	+7.90%
2020-12-31	CN¥5.99 Billion ≈ $877.21 Million	+15.92%
2019-12-31	CN¥5.17 Billion ≈ $756.74 Million	+33.99%
2018-12-31	CN¥3.86 Billion ≈ $564.78 Million	+8.52%
2017-12-31	CN¥3.56 Billion ≈ $520.46 Million	+5.00%
2016-12-31	CN¥3.39 Billion ≈ $495.70 Million	+62.15%
2015-12-31	CN¥2.09 Billion ≈ $305.71 Million	+9.29%
2014-12-31	CN¥1.91 Billion ≈ $279.73 Million	+6.22%
2013-12-31	CN¥1.80 Billion ≈ $263.34 Million	+4.61%
2012-12-31	CN¥1.72 Billion ≈ $251.74 Million	+2.79%
2011-12-31	CN¥1.67 Billion ≈ $244.91 Million	+6.26%
2010-12-31	CN¥1.58 Billion ≈ $230.48 Million	+197.40%
2009-12-31	CN¥529.61 Million ≈ $77.50 Million	+2.89%
2008-12-31	CN¥514.71 Million ≈ $75.32 Million	+4.56%
2007-12-31	CN¥492.24 Million ≈ $72.03 Million	+3.31%
2006-12-31	CN¥476.49 Million ≈ $69.73 Million	+5.54%
2005-12-31	CN¥451.49 Million ≈ $66.07 Million	+3.03%
2004-12-31	CN¥438.20 Million ≈ $64.12 Million	+156.88%
2003-12-31	CN¥170.59 Million ≈ $24.96 Million	+2.72%
2002-12-31	CN¥166.07 Million ≈ $24.30 Million	+4.24%
2001-12-31	CN¥159.32 Million ≈ $23.31 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
Resolute Mining Ltd AU:RSG	$1.88 Billion
Harbin Hatou Investment Co Ltd SHG:600864	$1.88 Billion
L&F Co. Ltd KQ:066970	$1.88 Billion
Guangdong Xianglu Tungsten Co Ltd SHE:002842	$1.88 Billion
Vietnam National Petroleum Group VN:PLX	$1.88 Billion
Anhui Guangxin Agrochemical Co Ltd SHG:603599	$1.88 Billion
Nanhua Futures Co Ltd SHG:603093	$1.88 Billion
Apex Dynamics Inc. TW:4583	$1.88 Billion

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 23.76x 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¥10.02	x
2002-12-31	CN¥0.44	CN¥10.02	x
2003-12-31	CN¥0.45	CN¥10.02	x
2004-12-31	CN¥1.16	CN¥10.02	x
2005-12-31	CN¥1.20	CN¥10.02	x
2006-12-31	CN¥1.23	CN¥10.02	x
2007-12-31	CN¥1.27	CN¥10.02	x
2008-12-31	CN¥1.28	CN¥10.02	x
2009-12-31	CN¥1.31	CN¥10.02	x
2010-12-31	CN¥3.85	CN¥10.02	x
2011-12-31	CN¥2.76	CN¥10.02	x
2012-12-31	CN¥2.87	CN¥10.02	x
2013-12-31	CN¥2.92	CN¥10.02	x
2014-12-31	CN¥3.13	CN¥10.02	x
2015-12-31	CN¥3.40	CN¥10.02	x
2016-12-31	CN¥3.98	CN¥10.02	x
2017-12-31	CN¥4.10	CN¥10.02	x
2018-12-31	CN¥4.52	CN¥10.02	x
2019-12-31	CN¥5.93	CN¥10.02	x
2020-12-31	CN¥5.65	CN¥10.02	x
2021-12-31	CN¥4.67	CN¥10.02	x
2022-12-31	CN¥5.64	CN¥10.02	x
2023-12-31	CN¥6.16	CN¥10.02	x
2024-12-31	CN¥6.87	CN¥10.02	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: $4,513,192,140
Average return on equity (ROE) among peers: 5.19%

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	$1.88 Billion
Chengdu Xingrong Investment Co Ltd (000598)	$15.74 Billion	10.28%	1.44x	$2.96 Billion
Bohai Water Industry Co Ltd (000605)	$1.14 Billion	3.98%	1.14x	$373.10 Million
Zhongshan Public Utilities Group Co Ltd (000685)	$11.50 Billion	8.37%	0.31x	$2.56 Billion
Guangdong Shunkong Development Co Ltd (003039)	$1.99 Billion	11.86%	1.17x	$1.30 Billion
Gansu Dayu Water saving Group (300021)	$1.55 Billion	6.45%	1.46x	$674.72 Million
Beijing Water Business Doctor (300055)	$5.73 Billion	-1.38%	0.29x	$1.40 Billion
BGT Group Co. Ltd. (300774)	$1.02 Billion	11.72%	0.28x	$1.02 Billion
Hynar Water Group Co. Ltd. (300961)	$1.03 Billion	-3.41%	1.69x	$349.43 Million
Shenzhen Water Planning & Design Institute Co. Ltd. (301038)	$870.50 Million	-3.37%	1.10x	$637.86 Million
Wuhan Sanzhen Industry Holding Co Ltd (600168)	$4.56 Billion	7.36%	0.75x	$735.55 Million

About Jiangxi Hongcheng Waterworks Co Ltd

SHG:600461 China Utilities - Regulated Water

Market Cap

$1.88 Billion

CN¥12.87 Billion CNY

Market Cap Rank

#6524 Global

#1490 in China

Share Price

CN¥10.02

Change (1 day)

-2.53%

52-Week Range

CN¥8.79 - CN¥10.51

All Time High

CN¥12.25