Jiangsu Maysta Chemical Co Ltd (603041) - Net Assets
Based on the latest financial reports, Jiangsu Maysta Chemical Co Ltd (603041) has net assets worth CN¥1.49 Billion CNY (≈ $218.22 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.78 Billion ≈ $260.43 Million USD) and total liabilities (CN¥288.42 Million ≈ $42.20 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 603041 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.49 Billion |
| % of Total Assets | 83.79% |
| Annual Growth Rate | 18.07% |
| 5-Year Change | 66.96% |
| 10-Year Change | 315.04% |
| Growth Volatility | 20.61 |
Jiangsu Maysta Chemical Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Jiangsu Maysta Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Jiangsu Maysta Chemical Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Maysta Chemical Co Ltd (2012–2024)
The table below shows the annual net assets of Jiangsu Maysta Chemical Co Ltd from 2012 to 2024. For live valuation and market cap data, see Jiangsu Maysta Chemical Co Ltd (603041) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.49 Billion ≈ $217.61 Million |
+1.81% |
| 2023-12-31 | CN¥1.46 Billion ≈ $213.74 Million |
+6.18% |
| 2022-12-31 | CN¥1.38 Billion ≈ $201.29 Million |
+48.84% |
| 2021-12-31 | CN¥924.19 Million ≈ $135.24 Million |
+3.76% |
| 2020-12-31 | CN¥890.67 Million ≈ $130.33 Million |
+11.93% |
| 2019-12-31 | CN¥795.71 Million ≈ $116.44 Million |
+8.32% |
| 2018-12-31 | CN¥734.57 Million ≈ $107.49 Million |
+3.71% |
| 2017-12-31 | CN¥708.32 Million ≈ $103.65 Million |
+74.31% |
| 2016-12-31 | CN¥406.36 Million ≈ $59.46 Million |
+13.41% |
| 2015-12-31 | CN¥358.30 Million ≈ $52.43 Million |
+17.88% |
| 2014-12-31 | CN¥303.96 Million ≈ $44.48 Million |
+20.60% |
| 2013-12-31 | CN¥252.04 Million ≈ $36.88 Million |
+24.39% |
| 2012-12-31 | CN¥202.62 Million ≈ $29.65 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Maysta Chemical 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 894.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥596.98 Million | 40.15% |
| Other Components | CN¥889.89 Million | 59.85% |
| Total Equity | CN¥1.49 Billion | 100.00% |
Jiangsu Maysta Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Maysta Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Feiliks Intl Logistics
SHE:300240
|
$378.42 Million |
|
TAIDOC TECHNOLOGY CORP
TW:4736
|
$378.61 Million |
|
Hangzhou Landscape Architecture Design Institute Co Ltd
SHE:300649
|
$378.81 Million |
|
Gourmet Master Co Ltd
TW:2723
|
$378.82 Million |
|
Advanced Ceramic X
TWO:3152
|
$378.34 Million |
|
Jiangsu Hengshang Energy Conservation Technology Co. Ltd. A
SHG:603137
|
$378.24 Million |
|
GeoPark Ltd
NYSE:GPRK
|
$378.18 Million |
|
Rashi Peripherals Limited
NSE:RPTECH
|
$378.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Maysta Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,458,885,178 to 1,486,870,272, a change of 27,985,094 (1.9%).
- Net income of 64,142,275 contributed positively to equity growth.
- Dividend payments of 36,827,929 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥64.14 Million | +4.31% |
| Dividends Paid | CN¥36.83 Million | -2.48% |
| Other Changes | CN¥670.75K | +0.05% |
| Total Change | CN¥- | 1.92% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Maysta Chemical 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: 1.74x
- 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 2.79x to 1.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥5.06 | CN¥14.12 | x |
| 2018-12-31 | CN¥5.20 | CN¥14.12 | x |
| 2019-12-31 | CN¥5.65 | CN¥14.12 | x |
| 2020-12-31 | CN¥6.31 | CN¥14.12 | x |
| 2021-12-31 | CN¥6.55 | CN¥14.12 | x |
| 2022-12-31 | CN¥7.50 | CN¥14.12 | x |
| 2023-12-31 | CN¥7.97 | CN¥14.12 | x |
| 2024-12-31 | CN¥8.12 | CN¥14.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Maysta Chemical 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): 4.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.67%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 1.21x
- Recent ROE (4.31%) is below the historical average (8.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 16.80% | 24.19% | 0.58x | 1.19x | CN¥27.62 Million |
| 2017 | 7.14% | 16.79% | 0.38x | 1.13x | CN¥-20.26 Million |
| 2018 | 5.56% | 13.38% | 0.37x | 1.13x | CN¥-32.63 Million |
| 2019 | 9.05% | 21.28% | 0.39x | 1.10x | CN¥-7.53 Million |
| 2020 | 12.49% | 28.49% | 0.39x | 1.12x | CN¥22.10 Million |
| 2021 | 6.92% | 12.89% | 0.46x | 1.17x | CN¥-28.40 Million |
| 2022 | 5.75% | 15.89% | 0.31x | 1.15x | CN¥-58.43 Million |
| 2023 | 7.54% | 21.96% | 0.29x | 1.20x | CN¥-35.89 Million |
| 2024 | 4.31% | 10.67% | 0.33x | 1.21x | CN¥-84.54 Million |
Industry Comparison
This section compares Jiangsu Maysta Chemical Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $2,232,855,093
- Average return on equity (ROE) among peers: 3.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Maysta Chemical Co Ltd (603041) | CN¥1.49 Billion | 16.80% | 0.19x | $378.42 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $631.81 Million | 6.70% | 0.50x | $516.47 Million |
| Hengyi Petrochemical Co Ltd (000703) | $207.78 Million | -7.69% | 0.69x | $8.23 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.28 Billion | -17.84% | 0.99x | $826.86 Million |
| Luxi Chemical Group Co Ltd (000830) | $2.27 Billion | 9.90% | 1.68x | $4.38 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $5.03 Billion | 8.31% | 0.10x | $8.58 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.65 Billion | 5.07% | 0.31x | $1.22 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.20 Billion | 5.81% | 0.68x | $1.60 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $211.24 Million | 7.97% | 2.37x | $571.59 Million |
| Zhejiang Transfar Co Ltd (002010) | $379.82 Million | 13.84% | 0.21x | $2.37 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $466.37 Million | 7.55% | 0.43x | $614.61 Million |
About Jiangsu Maysta Chemical Co Ltd
Jiangsu Maysta Chemical Co., Ltd. engages in the research and development, production, and sale of organosilicon surfactants in China and internationally. The company offers PU foam stabilizers for rigid foams, slabstock foams, HR foams, shoe soles, OCF, and rigid foam and HR foam cell openers; and PU catalysts for specialties, rigid, and flexible foams. Its products are used in various sectors, … Read more