Jiangsu Province Commun (603018) - Net Assets
Based on the latest financial reports, Jiangsu Province Commun (603018) has net assets worth CN¥5.60 Billion CNY (≈ $819.24 Million 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¥12.56 Billion ≈ $1.84 Billion USD) and total liabilities (CN¥6.96 Billion ≈ $1.02 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 how tangible is Jiangsu Province Commun's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.60 Billion |
| % of Total Assets | 44.58% |
| Annual Growth Rate | 19.92% |
| 5-Year Change | 37.43% |
| 10-Year Change | 183.32% |
| Growth Volatility | 29.64 |
Jiangsu Province Commun - Net Assets Trend (2011–2025)
This chart illustrates how Jiangsu Province Commun's net assets have evolved over time, based on quarterly financial data. See Jiangsu Province Commun defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jiangsu Province Commun (2011–2025)
The table below shows the annual net assets of Jiangsu Province Commun from 2011 to 2025. For live valuation and market cap data, see Jiangsu Province Commun market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.48 Billion ≈ $801.79 Million |
+3.97% |
| 2024-12-31 | CN¥5.27 Billion ≈ $771.14 Million |
+4.10% |
| 2023-12-31 | CN¥5.06 Billion ≈ $740.80 Million |
+12.94% |
| 2022-12-31 | CN¥4.48 Billion ≈ $655.93 Million |
+12.43% |
| 2021-12-31 | CN¥3.99 Billion ≈ $583.43 Million |
+15.53% |
| 2020-12-31 | CN¥3.45 Billion ≈ $505.01 Million |
+17.72% |
| 2019-12-31 | CN¥2.93 Billion ≈ $428.98 Million |
+15.95% |
| 2018-12-31 | CN¥2.53 Billion ≈ $369.97 Million |
+16.04% |
| 2017-12-31 | CN¥2.18 Billion ≈ $318.84 Million |
+12.67% |
| 2016-12-31 | CN¥1.93 Billion ≈ $282.99 Million |
+10.83% |
| 2015-12-31 | CN¥1.75 Billion ≈ $255.35 Million |
+7.66% |
| 2014-12-31 | CN¥1.62 Billion ≈ $237.18 Million |
+126.01% |
| 2013-12-31 | CN¥717.15 Million ≈ $104.94 Million |
+26.42% |
| 2012-12-31 | CN¥567.29 Million ≈ $83.01 Million |
+31.65% |
| 2011-12-31 | CN¥430.90 Million ≈ $63.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Province Commun'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 2338.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.81 Billion | 70.84% |
| Other Components | CN¥1.57 Billion | 29.16% |
| Total Equity | CN¥5.38 Billion | 100.00% |
Jiangsu Province Commun Competitors by Market Cap
The table below lists competitors of Jiangsu Province Commun ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Memsensing Microsystems Suzhou China Co Ltd
SHG:688286
|
$655.44 Million |
|
Harson Trading China Co Ltd
SHG:603958
|
$655.47 Million |
|
Aura Biosciences Inc
NASDAQ:AURA
|
$655.47 Million |
|
Keystone Electrical (Zhejiang) Co. Ltd. A
SHE:301448
|
$655.57 Million |
|
Attacq
JSE:ATT
|
$655.27 Million |
|
Jiangsu SINOJIT Wind Energy Technology Co Ltd
SHG:601218
|
$655.12 Million |
|
Wolong Real Estate Group Co Ltd
SHG:600173
|
$655.01 Million |
|
SENORES PHARMACEUTICALS L
NSE:SENORES
|
$654.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Province Commun's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,176,423,819 to 5,382,155,608, a change of 205,731,789 (4.0%).
- Net income of 274,270,151 contributed positively to equity growth.
- Dividend payments of 84,937,383 reduced retained earnings.
- Other comprehensive income decreased equity by 26,329,194.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥274.27 Million | +5.1% |
| Dividends Paid | CN¥84.94 Million | -1.58% |
| Other Comprehensive Income | CN¥-26.33 Million | -0.49% |
| Other Changes | CN¥42.73 Million | +0.79% |
| Total Change | CN¥- | 3.97% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Province Commun'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: 0.83x
- 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 6.26x to 0.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.05 | CN¥6.55 | x |
| 2012-12-31 | CN¥1.15 | CN¥6.55 | x |
| 2013-12-31 | CN¥1.46 | CN¥6.55 | x |
| 2014-12-31 | CN¥3.03 | CN¥6.55 | x |
| 2015-12-31 | CN¥2.66 | CN¥6.55 | x |
| 2016-12-31 | CN¥2.90 | CN¥6.55 | x |
| 2017-12-31 | CN¥3.25 | CN¥6.55 | x |
| 2018-12-31 | CN¥3.73 | CN¥6.55 | x |
| 2019-12-31 | CN¥4.34 | CN¥6.55 | x |
| 2020-12-31 | CN¥5.01 | CN¥6.55 | x |
| 2021-12-31 | CN¥5.77 | CN¥6.55 | x |
| 2022-12-31 | CN¥6.36 | CN¥6.55 | x |
| 2023-12-31 | CN¥7.19 | CN¥6.55 | x |
| 2024-12-31 | CN¥7.44 | CN¥6.55 | x |
| 2025-12-31 | CN¥7.87 | CN¥6.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Province Commun 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): 5.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.67%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 2.38x
- Recent ROE (5.10%) is below the historical average (15.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 27.25% | 13.81% | 0.59x | 3.33x | CN¥74.23 Million |
| 2012 | 24.07% | 13.01% | 0.53x | 3.50x | CN¥79.74 Million |
| 2013 | 20.91% | 13.08% | 0.49x | 3.26x | CN¥78.18 Million |
| 2014 | 10.24% | 13.16% | 0.41x | 1.89x | CN¥3.89 Million |
| 2015 | 9.19% | 11.47% | 0.38x | 2.14x | CN¥-14.15 Million |
| 2016 | 11.03% | 10.54% | 0.46x | 2.29x | CN¥19.66 Million |
| 2017 | 13.84% | 10.69% | 0.53x | 2.46x | CN¥82.34 Million |
| 2018 | 16.00% | 9.44% | 0.62x | 2.73x | CN¥148.64 Million |
| 2019 | 18.06% | 11.05% | 0.58x | 2.82x | CN¥231.21 Million |
| 2020 | 17.37% | 10.88% | 0.58x | 2.74x | CN¥247.16 Million |
| 2021 | 15.94% | 10.62% | 0.54x | 2.76x | CN¥230.39 Million |
| 2022 | 15.57% | 11.71% | 0.49x | 2.70x | CN¥244.46 Million |
| 2023 | 14.06% | 13.04% | 0.41x | 2.66x | CN¥201.35 Million |
| 2024 | 7.39% | 8.64% | 0.34x | 2.51x | CN¥-135.01 Million |
| 2025 | 5.10% | 6.67% | 0.32x | 2.38x | CN¥-263.95 Million |
Industry Comparison
This section compares Jiangsu Province Commun's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,337,506,041
- Average return on equity (ROE) among peers: 2.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Province Commun (603018) | CN¥5.60 Billion | 27.25% | 1.24x | $655.40 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $85.43 Million | -1.22% | 1.48x | $319.64 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $1.02 Billion | 0.84% | 0.48x | $4.37 Billion |
| NORINCO International Cooperation Ltd (000065) | $5.45 Billion | 12.95% | 1.70x | $2.09 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $2.08 Billion | -5.51% | 1.59x | $926.92 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $35.37 Billion | 6.57% | 3.62x | $1.14 Billion |
| Jinyuan Cement Co Ltd (000546) | $3.87 Billion | 9.07% | 1.07x | $589.45 Million |
| Hunan Investment Group Co Ltd (000548) | $1.79 Billion | 4.84% | 0.26x | $317.04 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $447.10 Million | 0.48% | 3.19x | $2.77 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $755.13 Million | 2.68% | 0.20x | $524.43 Million |
| Hainan Expressway Co Ltd (000886) | $2.50 Billion | -9.06% | 0.24x | $614.96 Million |
About Jiangsu Province Commun
China Design Group Co., Ltd., together with its subsidiaries, provides engineering survey and design services in China. The company offers engineering consulting services, including survey and design, planning research, and engineering management; and system integration and software development services. It also engages in strategic and urban planning; highway; urban expressway; bridges and tunne… Read more