Jiangsu Provincial Agricultural Reclamation and Development Co Ltd (601952) - Net Assets
Based on the latest financial reports, Jiangsu Provincial Agricultural Reclamation and Development Co Ltd (601952) has net assets worth CN¥7.05 Billion CNY (≈ $1.03 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¥14.51 Billion ≈ $2.12 Billion USD) and total liabilities (CN¥7.46 Billion ≈ $1.09 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 601952 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.05 Billion |
| % of Total Assets | 48.59% |
| Annual Growth Rate | 16.3% |
| 5-Year Change | 9.02% |
| 10-Year Change | 215.43% |
| Growth Volatility | 27.0 |
Jiangsu Provincial Agricultural Reclamation and Development Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Jiangsu Provincial Agricultural Reclamation and Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Jiangsu Provincial Agricultural Reclamat for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Provincial Agricultural Reclamation and Development Co Ltd (2012–2024)
The table below shows the annual net assets of Jiangsu Provincial Agricultural Reclamation and Development Co Ltd from 2012 to 2024. For live valuation and market cap data, see Jiangsu Provincial Agricultural Reclamat market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.28 Billion ≈ $1.07 Billion |
+2.66% |
| 2023-12-31 | CN¥7.09 Billion ≈ $1.04 Billion |
+5.70% |
| 2022-12-31 | CN¥6.71 Billion ≈ $982.04 Million |
+7.97% |
| 2021-12-31 | CN¥6.22 Billion ≈ $909.59 Million |
-6.95% |
| 2020-12-31 | CN¥6.68 Billion ≈ $977.58 Million |
+6.77% |
| 2019-12-31 | CN¥6.26 Billion ≈ $915.59 Million |
+10.07% |
| 2018-12-31 | CN¥5.68 Billion ≈ $831.82 Million |
+7.71% |
| 2017-12-31 | CN¥5.28 Billion ≈ $772.29 Million |
+101.36% |
| 2016-12-31 | CN¥2.62 Billion ≈ $383.55 Million |
+13.52% |
| 2015-12-31 | CN¥2.31 Billion ≈ $337.87 Million |
+14.70% |
| 2014-12-31 | CN¥2.01 Billion ≈ $294.57 Million |
+24.28% |
| 2013-12-31 | CN¥1.62 Billion ≈ $237.01 Million |
+36.21% |
| 2012-12-31 | CN¥1.19 Billion ≈ $174.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Provincial Agricultural Reclamation and Development 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 3161.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.64 Billion | 38.53% |
| Common Stock | CN¥1.38 Billion | 20.07% |
| Other Comprehensive Income | CN¥512.36 Million | 7.46% |
| Other Components | CN¥2.33 Billion | 33.94% |
| Total Equity | CN¥6.86 Billion | 100.00% |
Jiangsu Provincial Agricultural Reclamation and Development Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Provincial Agricultural Reclamation and Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Walsin Technology Corp
TW:2492
|
$2.01 Billion |
|
Wasu Media Holding Co Ltd
SHE:000156
|
$2.01 Billion |
|
Shanghai Fullhan Microelectronics Co Ltd
SHE:300613
|
$2.01 Billion |
|
Central China Land Media Co Ltd
SHE:000719
|
$2.01 Billion |
|
MicroPort Scientific Corporation
F:MSK
|
$2.01 Billion |
|
Tianjin Port Co Ltd
SHG:600717
|
$2.01 Billion |
|
Pan Ocean Co Ltd
KO:028670
|
$2.01 Billion |
|
Sanhe Tongfei Refrigeration Co. Ltd.
SHE:300990
|
$2.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Provincial Agricultural Reclamation and Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,629,672,663 to 6,864,489,746, a change of 234,817,083 (3.5%).
- Net income of 730,052,463 contributed positively to equity growth.
- Dividend payments of 512,696,407 reduced retained earnings.
- Other comprehensive income increased equity by 515,395,571.
- Other factors decreased equity by 497,934,544.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥730.05 Million | +10.64% |
| Dividends Paid | CN¥512.70 Million | -7.47% |
| Other Comprehensive Income | CN¥515.40 Million | +7.51% |
| Other Changes | CN¥-497.93 Million | -7.25% |
| Total Change | CN¥- | 3.54% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Provincial Agricultural Reclamation and Development 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: 2.00x
- 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 8.92x to 2.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.12 | CN¥9.96 | x |
| 2013-12-31 | CN¥1.53 | CN¥9.96 | x |
| 2014-12-31 | CN¥1.88 | CN¥9.96 | x |
| 2015-12-31 | CN¥2.17 | CN¥9.96 | x |
| 2016-12-31 | CN¥2.45 | CN¥9.96 | x |
| 2017-12-31 | CN¥4.20 | CN¥9.96 | x |
| 2018-12-31 | CN¥4.07 | CN¥9.96 | x |
| 2019-12-31 | CN¥4.29 | CN¥9.96 | x |
| 2020-12-31 | CN¥4.57 | CN¥9.96 | x |
| 2021-12-31 | CN¥4.20 | CN¥9.96 | x |
| 2022-12-31 | CN¥4.52 | CN¥9.96 | x |
| 2023-12-31 | CN¥4.79 | CN¥9.96 | x |
| 2024-12-31 | CN¥4.98 | CN¥9.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Provincial Agricultural Reclamation and Development 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): 10.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.69%
- • Asset Turnover: 0.76x
- • Equity Multiplier: 2.10x
- Recent ROE (10.64%) is below the historical average (16.78%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 34.46% | 13.11% | 1.01x | 2.60x | CN¥286.54 Million |
| 2013 | 26.17% | 12.11% | 1.02x | 2.11x | CN¥258.93 Million |
| 2014 | 24.92% | 13.94% | 0.91x | 1.98x | CN¥292.86 Million |
| 2015 | 21.67% | 11.67% | 1.07x | 1.73x | CN¥262.60 Million |
| 2016 | 19.77% | 12.37% | 1.02x | 1.57x | CN¥249.51 Million |
| 2017 | 10.71% | 12.91% | 0.65x | 1.27x | CN¥37.13 Million |
| 2018 | 10.82% | 12.40% | 0.70x | 1.25x | CN¥46.03 Million |
| 2019 | 10.01% | 7.37% | 1.00x | 1.36x | CN¥389.09K |
| 2020 | 10.66% | 7.75% | 1.00x | 1.38x | CN¥41.82 Million |
| 2021 | 12.68% | 6.93% | 0.75x | 2.44x | CN¥154.86 Million |
| 2022 | 13.27% | 6.49% | 0.87x | 2.34x | CN¥203.35 Million |
| 2023 | 12.31% | 6.71% | 0.84x | 2.18x | CN¥153.24 Million |
| 2024 | 10.64% | 6.69% | 0.76x | 2.10x | CN¥43.60 Million |
Industry Comparison
This section compares Jiangsu Provincial Agricultural Reclamation and Development Co Ltd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $2,085,992,089
- Average return on equity (ROE) among peers: 5.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Provincial Agricultural Reclamation and Development Co Ltd (601952) | CN¥7.05 Billion | 34.46% | 1.06x | $2.01 Billion |
| ShenZhen Kondarl Group Co Ltd (000048) | $-178.39 Million | 0.00% | 0.00x | $1.14 Billion |
| Guangdong Guanghong Holdings Co Ltd (000529) | $773.26 Million | 15.03% | 0.74x | $483.52 Million |
| Hunan Zhenghong Science and Technology Develop Co Ltd (000702) | $536.23 Million | 5.66% | 1.09x | $361.65 Million |
| Hefei Fengle Seed Co Ltd (000713) | $1.62 Billion | 3.28% | 0.50x | $759.23 Million |
| Luoniushan Co Ltd (000735) | $1.81 Billion | 1.15% | 1.40x | $1.11 Billion |
| New Hope Liuhe Co Ltd (000876) | $1.37 Billion | 8.75% | 0.69x | $5.75 Billion |
| Yuan Longping High-tech Agriculture Co Ltd (000998) | $8.02 Billion | 1.42% | 1.98x | $1.97 Billion |
| Dongrui Food Group Co Ltd (001201) | $3.39 Billion | -1.93% | 0.79x | $499.06 Million |
| Jiangxi Sunshine Dairy Co Ltd (001318) | $1.41 Billion | 8.10% | 0.05x | $552.18 Million |
| Shandong Denghai Seeds Co Ltd (002041) | $2.10 Billion | 12.29% | 0.40x | $1.32 Billion |
About Jiangsu Provincial Agricultural Reclamation and Development Co Ltd
Jiangsu Provincial Agricultural Reclamation and Development Co.,Ltd. engages in the planting and sale of rice, wheat, and crop raw grains in China. The company also provides edible oils comprising sunflower, corn, rice, and flaxseed oil under the Kuiwang and Golden Sun brands; malt products, such as pilsner light, ale, and munich dark; wheat, rice, barley, and corn seeds under the Dahua brand; an… Read more