Jiangsu SINOJIT Wind Energy Technology Co Ltd (601218) - Net Assets
Based on the latest financial reports, Jiangsu SINOJIT Wind Energy Technology Co Ltd (601218) has net assets worth CN¥2.96 Billion CNY (≈ $433.38 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¥3.72 Billion ≈ $544.18 Million USD) and total liabilities (CN¥757.19 Million ≈ $110.80 Million 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 Jiangsu SINOJIT Wind Energy Technology C liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.96 Billion |
| % of Total Assets | 79.64% |
| Annual Growth Rate | 13.09% |
| 5-Year Change | 4.33% |
| 10-Year Change | 14.14% |
| Growth Volatility | 33.79 |
Jiangsu SINOJIT Wind Energy Technology Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Jiangsu SINOJIT Wind Energy Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 601218 asset base for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu SINOJIT Wind Energy Technology Co Ltd (2008–2024)
The table below shows the annual net assets of Jiangsu SINOJIT Wind Energy Technology Co Ltd from 2008 to 2024. For live valuation and market cap data, see Jiangsu SINOJIT Wind Energy Technology C market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.84 Billion ≈ $416.07 Million |
-2.03% |
| 2023-12-31 | CN¥2.90 Billion ≈ $424.68 Million |
+3.32% |
| 2022-12-31 | CN¥2.81 Billion ≈ $411.03 Million |
+2.57% |
| 2021-12-31 | CN¥2.74 Billion ≈ $400.72 Million |
+0.49% |
| 2020-12-31 | CN¥2.73 Billion ≈ $398.78 Million |
+8.60% |
| 2019-12-31 | CN¥2.51 Billion ≈ $367.21 Million |
-0.41% |
| 2018-12-31 | CN¥2.52 Billion ≈ $368.73 Million |
-2.94% |
| 2017-12-31 | CN¥2.60 Billion ≈ $379.88 Million |
+0.13% |
| 2016-12-31 | CN¥2.59 Billion ≈ $379.37 Million |
+4.07% |
| 2015-12-31 | CN¥2.49 Billion ≈ $364.53 Million |
+4.12% |
| 2014-12-31 | CN¥2.39 Billion ≈ $350.10 Million |
+5.89% |
| 2013-12-31 | CN¥2.26 Billion ≈ $330.64 Million |
+0.89% |
| 2012-12-31 | CN¥2.24 Billion ≈ $327.71 Million |
-0.17% |
| 2011-12-31 | CN¥2.24 Billion ≈ $328.26 Million |
+122.02% |
| 2010-12-31 | CN¥1.01 Billion ≈ $147.85 Million |
+45.54% |
| 2009-12-31 | CN¥694.24 Million ≈ $101.59 Million |
+74.73% |
| 2008-12-31 | CN¥397.31 Million ≈ $58.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu SINOJIT Wind Energy Technology 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 891.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.16 Billion | 40.65% |
| Common Stock | CN¥969.03 Million | 34.09% |
| Other Comprehensive Income | CN¥185.75 Million | 6.53% |
| Other Components | CN¥532.40 Million | 18.73% |
| Total Equity | CN¥2.84 Billion | 100.00% |
Jiangsu SINOJIT Wind Energy Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu SINOJIT Wind Energy Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rayhoo Motor Dies Co Ltd
SHE:002997
|
$918.30 Million |
|
Zhengping Road&Bridge Constr
SHG:603843
|
$918.32 Million |
|
Virtus Investment Partners, Inc.
NYSE:VRTS
|
$918.60 Million |
|
Zhonghong Pulin Medical Products Co. Ltd.
SHE:300981
|
$918.75 Million |
|
ASA Gold and Precious Metals Ltd
NYSE:ASA
|
$917.38 Million |
|
Foshan Saturday Shoes Co Ltd
SHE:002291
|
$917.23 Million |
|
Dashang Co Ltd
SHG:600694
|
$917.10 Million |
|
Sun Create Electronics Co., Ltd
SHG:600990
|
$917.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu SINOJIT Wind Energy Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,901,146,375 to 2,842,757,021, a change of -58,389,354 (-2.0%).
- Net income of 30,452,056 contributed positively to equity growth.
- Dividend payments of 111,233,330 reduced retained earnings.
- Other comprehensive income increased equity by 18,865,764.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥30.45 Million | +1.07% |
| Dividends Paid | CN¥111.23 Million | -3.91% |
| Other Comprehensive Income | CN¥18.87 Million | +0.66% |
| Other Changes | CN¥3.53 Million | +0.12% |
| Total Change | CN¥- | -2.01% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu SINOJIT Wind Energy Technology 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: 2.21x
- 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 14.17x to 2.21x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.46 | CN¥6.47 | x |
| 2009-12-31 | CN¥0.76 | CN¥6.47 | x |
| 2010-12-31 | CN¥1.12 | CN¥6.47 | x |
| 2011-12-31 | CN¥2.35 | CN¥6.47 | x |
| 2012-12-31 | CN¥2.24 | CN¥6.47 | x |
| 2013-12-31 | CN¥2.27 | CN¥6.47 | x |
| 2014-12-31 | CN¥2.36 | CN¥6.47 | x |
| 2015-12-31 | CN¥2.46 | CN¥6.47 | x |
| 2016-12-31 | CN¥2.57 | CN¥6.47 | x |
| 2017-12-31 | CN¥2.56 | CN¥6.47 | x |
| 2018-12-31 | CN¥2.51 | CN¥6.47 | x |
| 2019-12-31 | CN¥2.52 | CN¥6.47 | x |
| 2020-12-31 | CN¥2.75 | CN¥6.47 | x |
| 2021-12-31 | CN¥2.80 | CN¥6.47 | x |
| 2022-12-31 | CN¥2.87 | CN¥6.47 | x |
| 2023-12-31 | CN¥2.97 | CN¥6.47 | x |
| 2024-12-31 | CN¥2.93 | CN¥6.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu SINOJIT Wind Energy Technology 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): 1.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.50%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.28x
- Recent ROE (1.07%) is below the historical average (10.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 39.81% | 12.77% | 1.00x | 3.11x | CN¥118.45 Million |
| 2009 | 49.49% | 20.92% | 0.84x | 2.83x | CN¥264.25 Million |
| 2010 | 31.76% | 15.48% | 0.76x | 2.68x | CN¥213.37 Million |
| 2011 | 7.36% | 10.33% | 0.42x | 1.68x | CN¥-58.54 Million |
| 2012 | 0.50% | 0.90% | 0.33x | 1.67x | CN¥-212.08 Million |
| 2013 | 0.89% | 1.43% | 0.37x | 1.70x | CN¥-205.24 Million |
| 2014 | 3.96% | 5.66% | 0.42x | 1.65x | CN¥-141.64 Million |
| 2015 | 5.26% | 7.26% | 0.45x | 1.61x | CN¥-115.75 Million |
| 2016 | 4.61% | 7.54% | 0.41x | 1.50x | CN¥-137.22 Million |
| 2017 | 0.24% | 0.45% | 0.33x | 1.61x | CN¥-249.17 Million |
| 2018 | -2.39% | -4.67% | 0.29x | 1.79x | CN¥-307.58 Million |
| 2019 | 2.62% | 4.37% | 0.33x | 1.83x | CN¥-184.45 Million |
| 2020 | 8.59% | 11.41% | 0.48x | 1.56x | CN¥-38.50 Million |
| 2021 | 7.63% | 11.24% | 0.46x | 1.47x | CN¥-64.75 Million |
| 2022 | 5.53% | 8.82% | 0.46x | 1.38x | CN¥-125.45 Million |
| 2023 | 4.53% | 9.45% | 0.37x | 1.29x | CN¥-158.82 Million |
| 2024 | 1.07% | 2.50% | 0.33x | 1.28x | CN¥-253.82 Million |
Industry Comparison
This section compares Jiangsu SINOJIT Wind Energy Technology Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu SINOJIT Wind Energy Technology Co Ltd (601218) | CN¥2.96 Billion | 39.81% | 0.26x | $917.45 Million |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About Jiangsu SINOJIT Wind Energy Technology Co Ltd
Jiangsu JIXIN Wind Energy Technology Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells wind turbine components in China. The company offers hubs, bases, bedplates, bearing and bearing seats, top rings, and shafts. It is also involved in the development, construction, operation, and management of wind farms, as well as technical consulting and services relate… Read more