Jiangsu Seagull Cooling Tower (603269) - Net Assets
Based on the latest financial reports, Jiangsu Seagull Cooling Tower (603269) has net assets worth CN¥1.07 Billion CNY (≈ $156.22 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¥3.48 Billion ≈ $509.73 Million USD) and total liabilities (CN¥2.42 Billion ≈ $353.51 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 Seagull Cooling Tower tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.07 Billion |
| % of Total Assets | 30.65% |
| Annual Growth Rate | 10.32% |
| 5-Year Change | 17.82% |
| 10-Year Change | 143.49% |
| Growth Volatility | 12.13 |
Jiangsu Seagull Cooling Tower - Net Assets Trend (2012–2025)
This chart illustrates how Jiangsu Seagull Cooling Tower's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Jiangsu Seagull Cooling Tower to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jiangsu Seagull Cooling Tower (2012–2025)
The table below shows the annual net assets of Jiangsu Seagull Cooling Tower from 2012 to 2025. For live valuation and market cap data, see 603269 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.06 Billion ≈ $154.75 Million |
-1.69% |
| 2024-12-31 | CN¥1.08 Billion ≈ $157.41 Million |
+4.66% |
| 2023-12-31 | CN¥1.03 Billion ≈ $150.41 Million |
+7.58% |
| 2022-12-31 | CN¥955.40 Million ≈ $139.80 Million |
+6.44% |
| 2021-12-31 | CN¥897.62 Million ≈ $131.35 Million |
+2.99% |
| 2020-12-31 | CN¥871.58 Million ≈ $127.54 Million |
+25.08% |
| 2019-12-31 | CN¥696.83 Million ≈ $101.97 Million |
+6.21% |
| 2018-12-31 | CN¥656.09 Million ≈ $96.01 Million |
+3.19% |
| 2017-12-31 | CN¥635.80 Million ≈ $93.04 Million |
+46.39% |
| 2016-12-31 | CN¥434.33 Million ≈ $63.56 Million |
+7.78% |
| 2015-12-31 | CN¥403.00 Million ≈ $58.97 Million |
+6.36% |
| 2014-12-31 | CN¥378.89 Million ≈ $55.44 Million |
+9.18% |
| 2013-12-31 | CN¥347.03 Million ≈ $50.78 Million |
+17.67% |
| 2012-12-31 | CN¥294.91 Million ≈ $43.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Seagull Cooling Tower'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 298.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥551.28 Million | 54.04% |
| Other Components | CN¥468.80 Million | 45.96% |
| Total Equity | CN¥1.02 Billion | 100.00% |
Jiangsu Seagull Cooling Tower Competitors by Market Cap
The table below lists competitors of Jiangsu Seagull Cooling Tower ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sino Prima Gas Technology Co Ltd
SHE:300483
|
$1.10 Billion |
|
MD Pictures Tbk PT
JK:FILM
|
$1.10 Billion |
|
Aygaz AS
IS:AYGAZ
|
$1.10 Billion |
|
Voltamp Transformers Limited
NSE:VOLTAMP
|
$1.10 Billion |
|
Shandong Intco Recycling Resources Co Ltd
SHG:688087
|
$1.10 Billion |
|
SFL Corporation Ltd
NYSE:SFL
|
$1.10 Billion |
|
Changzhou Qianhong Biopharma Co Ltd
SHE:002550
|
$1.10 Billion |
|
Shanghai Fortune Techgroup Co Ltd
SHE:300493
|
$1.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Seagull Cooling Tower's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,041,612,096 to 1,020,080,552, a change of -21,531,544 (-2.1%).
- Net income of 115,679,716 contributed positively to equity growth.
- Dividend payments of 84,404,784 reduced retained earnings.
- Other comprehensive income decreased equity by 71,138,304.
- Other factors increased equity by 18,331,828.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥115.68 Million | +11.34% |
| Dividends Paid | CN¥84.40 Million | -8.27% |
| Other Comprehensive Income | CN¥-71.14 Million | -6.97% |
| Other Changes | CN¥18.33 Million | +1.8% |
| Total Change | CN¥- | -2.07% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Seagull Cooling Tower'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: 7.35x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 6.89x to 7.35x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥3.52 | CN¥24.28 | x |
| 2013-12-31 | CN¥2.65 | CN¥24.28 | x |
| 2014-12-31 | CN¥1.97 | CN¥24.28 | x |
| 2015-12-31 | CN¥2.12 | CN¥24.28 | x |
| 2016-12-31 | CN¥2.28 | CN¥24.28 | x |
| 2017-12-31 | CN¥2.78 | CN¥24.28 | x |
| 2018-12-31 | CN¥2.57 | CN¥24.28 | x |
| 2019-12-31 | CN¥2.75 | CN¥24.28 | x |
| 2020-12-31 | CN¥3.10 | CN¥24.28 | x |
| 2021-12-31 | CN¥2.86 | CN¥24.28 | x |
| 2022-12-31 | CN¥3.06 | CN¥24.28 | x |
| 2023-12-31 | CN¥3.20 | CN¥24.28 | x |
| 2024-12-31 | CN¥3.34 | CN¥24.28 | x |
| 2025-12-31 | CN¥3.30 | CN¥24.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Seagull Cooling Tower 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): 11.34%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.27%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 3.58x
- Recent ROE (11.34%) is above the historical average (8.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 12.98% | 8.53% | 0.57x | 2.66x | CN¥8.72 Million |
| 2013 | 10.96% | 7.57% | 0.56x | 2.59x | CN¥3.33 Million |
| 2014 | 9.05% | 6.33% | 0.57x | 2.49x | CN¥-3.54 Million |
| 2015 | 8.61% | 6.16% | 0.56x | 2.51x | CN¥-5.50 Million |
| 2016 | 8.79% | 6.97% | 0.51x | 2.45x | CN¥-5.16 Million |
| 2017 | 6.03% | 6.70% | 0.46x | 1.98x | CN¥-24.93 Million |
| 2018 | 5.11% | 5.50% | 0.43x | 2.19x | CN¥-31.80 Million |
| 2019 | 7.03% | 7.94% | 0.39x | 2.24x | CN¥-20.48 Million |
| 2020 | 5.41% | 5.57% | 0.39x | 2.46x | CN¥-39.38 Million |
| 2021 | 5.99% | 4.69% | 0.48x | 2.68x | CN¥-35.44 Million |
| 2022 | 7.85% | 5.45% | 0.51x | 2.81x | CN¥-20.24 Million |
| 2023 | 8.49% | 6.14% | 0.42x | 3.27x | CN¥-15.04 Million |
| 2024 | 9.21% | 6.00% | 0.47x | 3.28x | CN¥-8.25 Million |
| 2025 | 11.34% | 6.27% | 0.51x | 3.58x | CN¥13.67 Million |
Industry Comparison
This section compares Jiangsu Seagull Cooling Tower's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,053,540,271
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Seagull Cooling Tower (603269) | CN¥1.07 Billion | 12.98% | 2.26x | $1.10 Billion |
| Huayi Compressor Co Ltd (000404) | $2.70 Billion | 6.94% | 1.45x | $768.94 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.11 Billion | 8.63% | 3.77x | $1.98 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.75 Billion | 8.40% | 0.54x | $4.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $657.04 Million | 17.35% | 0.68x | $478.11 Million |
| Changchai Co Ltd (000570) | $2.06 Billion | 3.02% | 0.72x | $409.83 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $437.03 Million | 6.41% | 1.13x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $356.47 Million | -22.08% | 1.87x | $1.07 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.10 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $788.41 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $803.92 Million | 9.00% | 0.67x | $1.83 Billion |
About Jiangsu Seagull Cooling Tower
Jiangsu Seagull Cooling Tower Co.,Ltd. engages in design, research and development, manufacturing, and installation of cooling towers in China and internationally. It offers industrial and civil mechanical ventilation cooling towers, including steel-concrete structure, glass fiber reinforced plastic structure, steel structure, open-type environmental protection, energy-saving cooling, water-savin… Read more