Jiangsu Broadcasting Cable inf (600959) - Net Assets
Based on the latest financial reports, Jiangsu Broadcasting Cable inf (600959) has net assets worth CN¥23.75 Billion CNY (≈ $3.48 Billion 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¥36.54 Billion ≈ $5.35 Billion USD) and total liabilities (CN¥12.78 Billion ≈ $1.87 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 600959 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥23.75 Billion |
| % of Total Assets | 65.01% |
| Annual Growth Rate | 7.5% |
| 5-Year Change | 4.8% |
| 10-Year Change | 8.82% |
| Growth Volatility | 18.06 |
Jiangsu Broadcasting Cable inf - Net Assets Trend (2009–2025)
This chart illustrates how Jiangsu Broadcasting Cable inf's net assets have evolved over time, based on quarterly financial data. See Jiangsu Broadcasting Cable inf defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jiangsu Broadcasting Cable inf (2009–2025)
The table below shows the annual net assets of Jiangsu Broadcasting Cable inf from 2009 to 2025. For live valuation and market cap data, see market cap of Jiangsu Broadcasting Cable inf.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥23.65 Billion ≈ $3.46 Billion |
+0.88% |
| 2024-12-31 | CN¥23.44 Billion ≈ $3.43 Billion |
+1.37% |
| 2023-12-31 | CN¥23.13 Billion ≈ $3.38 Billion |
+1.33% |
| 2022-12-31 | CN¥22.82 Billion ≈ $3.34 Billion |
+1.13% |
| 2021-12-31 | CN¥22.57 Billion ≈ $3.30 Billion |
+0.91% |
| 2020-12-31 | CN¥22.36 Billion ≈ $3.27 Billion |
+0.13% |
| 2019-12-31 | CN¥22.33 Billion ≈ $3.27 Billion |
+0.52% |
| 2018-12-31 | CN¥22.22 Billion ≈ $3.25 Billion |
+1.09% |
| 2017-12-31 | CN¥21.98 Billion ≈ $3.22 Billion |
+1.13% |
| 2016-12-31 | CN¥21.73 Billion ≈ $3.18 Billion |
+70.18% |
| 2015-12-31 | CN¥12.77 Billion ≈ $1.87 Billion |
+36.97% |
| 2014-12-31 | CN¥9.32 Billion ≈ $1.36 Billion |
+4.63% |
| 2013-12-31 | CN¥8.91 Billion ≈ $1.30 Billion |
+5.67% |
| 2012-12-31 | CN¥8.43 Billion ≈ $1.23 Billion |
+7.52% |
| 2011-12-31 | CN¥7.84 Billion ≈ $1.15 Billion |
+3.07% |
| 2010-12-31 | CN¥7.61 Billion ≈ $1.11 Billion |
+2.35% |
| 2009-12-31 | CN¥7.43 Billion ≈ $1.09 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Broadcasting Cable inf'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 938.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.53 Billion | 15.56% |
| Other Components | CN¥19.15 Billion | 84.44% |
| Total Equity | CN¥22.68 Billion | 100.00% |
Jiangsu Broadcasting Cable inf Competitors by Market Cap
The table below lists competitors of Jiangsu Broadcasting Cable inf ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Top Choice Medical Investment Co Inc
SHG:600763
|
$2.27 Billion |
|
SES S. A.
PA:SESG
|
$2.27 Billion |
|
Fibocom Wireless Inc
SHE:300638
|
$2.27 Billion |
|
LEROY SEAFOOD GR.UNSP.ADR
F:Z1L0
|
$2.27 Billion |
|
Netmarble Games Corp
KO:251270
|
$2.27 Billion |
|
PT Golden Energy Mines Tbk
JK:GEMS
|
$2.27 Billion |
|
Browave
TWO:3163
|
$2.27 Billion |
|
Suzhou GYZ Electronic Technology Co. Ltd. A
SHG:688260
|
$2.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Broadcasting Cable inf's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 22,526,136,739 to 22,677,852,988, a change of 151,716,249 (0.7%).
- Net income of 258,399,935 contributed positively to equity growth.
- Dividend payments of 206,551,767 reduced retained earnings.
- Other comprehensive income decreased equity by 938,009,335.
- Other factors increased equity by 1,037,877,415.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥258.40 Million | +1.14% |
| Dividends Paid | CN¥206.55 Million | -0.91% |
| Other Comprehensive Income | CN¥-938.01 Million | -4.14% |
| Other Changes | CN¥1.04 Billion | +4.58% |
| Total Change | CN¥- | 0.67% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Broadcasting Cable inf'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: 0.68x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 1.26x to 0.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥2.45 | CN¥3.10 | x |
| 2010-12-31 | CN¥2.51 | CN¥3.10 | x |
| 2011-12-31 | CN¥2.53 | CN¥3.10 | x |
| 2012-12-31 | CN¥2.62 | CN¥3.10 | x |
| 2013-12-31 | CN¥2.69 | CN¥3.10 | x |
| 2014-12-31 | CN¥2.83 | CN¥3.10 | x |
| 2015-12-31 | CN¥3.28 | CN¥3.10 | x |
| 2016-12-31 | CN¥3.41 | CN¥3.10 | x |
| 2017-12-31 | CN¥3.41 | CN¥3.10 | x |
| 2018-12-31 | CN¥4.82 | CN¥3.10 | x |
| 2019-12-31 | CN¥4.32 | CN¥3.10 | x |
| 2020-12-31 | CN¥4.33 | CN¥3.10 | x |
| 2021-12-31 | CN¥4.36 | CN¥3.10 | x |
| 2022-12-31 | CN¥4.40 | CN¥3.10 | x |
| 2023-12-31 | CN¥4.58 | CN¥3.10 | x |
| 2024-12-31 | CN¥4.32 | CN¥3.10 | x |
| 2025-12-31 | CN¥4.53 | CN¥3.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Broadcasting Cable inf 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): 1.14%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.63x
- Recent ROE (1.14%) is below the historical average (4.35%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 5.33% | 17.25% | 0.23x | 1.35x | CN¥-336.37 Million |
| 2010 | 5.83% | 16.90% | 0.24x | 1.42x | CN¥-305.64 Million |
| 2011 | 6.68% | 16.88% | 0.26x | 1.53x | CN¥-249.22 Million |
| 2012 | 7.35% | 17.24% | 0.26x | 1.63x | CN¥-212.69 Million |
| 2013 | 8.30% | 17.55% | 0.28x | 1.69x | CN¥-141.64 Million |
| 2014 | 8.97% | 17.67% | 0.29x | 1.73x | CN¥-89.37 Million |
| 2015 | 6.40% | 16.61% | 0.25x | 1.54x | CN¥-434.85 Million |
| 2016 | 6.74% | 16.12% | 0.17x | 2.44x | CN¥-422.43 Million |
| 2017 | 5.86% | 9.68% | 0.25x | 2.41x | CN¥-552.51 Million |
| 2018 | 2.90% | 7.92% | 0.24x | 1.50x | CN¥-1.53 Billion |
| 2019 | 1.53% | 4.33% | 0.23x | 1.51x | CN¥-1.83 Billion |
| 2020 | 0.78% | 2.30% | 0.22x | 1.56x | CN¥-1.99 Billion |
| 2021 | 1.45% | 4.22% | 0.21x | 1.61x | CN¥-1.86 Billion |
| 2022 | 1.48% | 4.35% | 0.20x | 1.68x | CN¥-1.88 Billion |
| 2023 | 1.53% | 4.48% | 0.20x | 1.67x | CN¥-1.89 Billion |
| 2024 | 1.62% | 4.58% | 0.21x | 1.67x | CN¥-1.89 Billion |
| 2025 | 1.14% | 3.23% | 0.22x | 1.63x | CN¥-2.01 Billion |
Industry Comparison
This section compares Jiangsu Broadcasting Cable inf's net assets metrics with peer companies in the Broadcasting industry.
Industry Context
- Industry: Broadcasting
- Average net assets among peers: $4,178,285,357
- Average return on equity (ROE) among peers: 2.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Broadcasting Cable inf (600959) | CN¥23.75 Billion | 5.33% | 0.54x | $2.27 Billion |
| Hubei Radio and Television Information Network Co Ltd (000665) | $6.04 Billion | -9.85% | 0.94x | $653.95 Million |
| H&R Century Union Corp (000892) | $4.62 Million | 13.65% | 0.45x | $512.47 Million |
| Shenzhen Topway Video Communication Co Ltd (002238) | $731.24 Million | 9.06% | 1.20x | $684.67 Million |
| Beijing Gehua CATV Network Co Ltd (600037) | $13.10 Billion | 2.53% | 0.23x | $1.35 Billion |
| Guizhou Broadcasting&TV Info (600996) | $4.65 Billion | -1.19% | 2.48x | $1.64 Billion |
| TVZone Media Co Ltd (603721) | $543.71 Million | 3.56% | 0.23x | $389.78 Million |
About Jiangsu Broadcasting Cable inf
Jiangsu Broadcasting Cable Information Network Corporation Limited engages in the construction, operation of broadcast networks and transmission of radio and television programs in China. It is involved in the development and operation of broadband data services; and digital television value-added services, 5G communication technology services, smart city construction, and financial services. The… Read more