Jiangsu Hengxing New Material (603276) - Net Assets
Based on the latest financial reports, Jiangsu Hengxing New Material (603276) has net assets worth CN¥1.80 Billion CNY (≈ $262.99 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¥1.92 Billion ≈ $281.21 Million USD) and total liabilities (CN¥124.51 Million ≈ $18.22 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. For live market cap and overall valuation, see how much is Jiangsu Hengxing New Material worth.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.80 Billion |
| % of Total Assets | 93.52% |
| Annual Growth Rate | 30.34% |
| 5-Year Change | 159.97% |
| 10-Year Change | N/A |
| Growth Volatility | 45.41 |
Jiangsu Hengxing New Material - Net Assets Trend (2017–2025)
This chart illustrates how Jiangsu Hengxing New Material's net assets have evolved over time, based on quarterly financial data.
Annual Net Assets for Jiangsu Hengxing New Material (2017–2025)
The table below shows the annual net assets of Jiangsu Hengxing New Material from 2017 to 2025. See Jiangsu Hengxing New Material balance sheet quality to measure how much of total assets are equity-financed.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.77 Billion ≈ $258.63 Million |
+1.68% |
| 2024-12-31 | CN¥1.74 Billion ≈ $254.36 Million |
-1.18% |
| 2023-12-31 | CN¥1.76 Billion ≈ $257.40 Million |
+127.39% |
| 2022-12-31 | CN¥773.55 Million ≈ $113.20 Million |
+13.78% |
| 2021-12-31 | CN¥679.87 Million ≈ $99.49 Million |
+14.01% |
| 2020-12-31 | CN¥596.33 Million ≈ $87.26 Million |
+22.53% |
| 2019-12-31 | CN¥486.70 Million ≈ $71.22 Million |
+15.15% |
| 2018-12-31 | CN¥422.67 Million ≈ $61.85 Million |
+99.17% |
| 2017-12-31 | CN¥212.21 Million ≈ $31.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Hengxing New Material'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 199.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥432.25 Million | 24.46% |
| Other Components | CN¥1.34 Billion | 75.54% |
| Total Equity | CN¥1.77 Billion | 100.00% |
Jiangsu Hengxing New Material Competitors by Market Cap
The table below lists competitors of Jiangsu Hengxing New Material ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amper S.A.
MC:AMP
|
$490.15 Million |
|
Inventronics Hangzhou Inc
SHE:300582
|
$490.59 Million |
|
Shandong Lipeng Co Ltd
SHE:002374
|
$490.69 Million |
|
Beijing Succeeder Technology Inc
SHG:688338
|
$490.81 Million |
|
ION Exchange (India) Limited
NSE:IONEXCHANG
|
$490.10 Million |
|
CREDIT CORP. GROUP LTD.
F:2RC
|
$490.08 Million |
|
Guangdong Brandmax Marketing Co Ltd
SHE:300805
|
$490.04 Million |
|
Lumibird SA
PA:LBIRD
|
$489.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Hengxing New Material's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,738,277,995 to 1,767,451,976, a change of 29,173,981 (1.7%).
- Net income of 60,028,813 contributed positively to equity growth.
- Dividend payments of 26,461,282 reduced retained earnings.
- Other comprehensive income decreased equity by 42,119,000.
- Other factors increased equity by 37,725,449.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥60.03 Million | +3.4% |
| Dividends Paid | CN¥26.46 Million | -1.5% |
| Other Comprehensive Income | CN¥-42.12 Million | -2.38% |
| Other Changes | CN¥37.73 Million | +2.13% |
| Total Change | CN¥- | 1.68% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Hengxing New Material'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: 1.90x
- 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 9.20x to 1.90x 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¥1.75 | CN¥16.13 | x |
| 2018-12-31 | CN¥3.50 | CN¥16.13 | x |
| 2019-12-31 | CN¥6.24 | CN¥16.13 | x |
| 2020-12-31 | CN¥3.83 | CN¥16.13 | x |
| 2021-12-31 | CN¥4.37 | CN¥16.13 | x |
| 2022-12-31 | CN¥4.98 | CN¥16.13 | x |
| 2023-12-31 | CN¥10.36 | CN¥16.13 | x |
| 2024-12-31 | CN¥8.48 | CN¥16.13 | x |
| 2025-12-31 | CN¥8.51 | CN¥16.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Hengxing New Material 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): 3.40%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.91%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.07x
- Recent ROE (3.40%) is below the historical average (13.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 22.82% | 11.07% | 1.50x | 1.37x | CN¥27.21 Million |
| 2018 | 17.43% | 16.75% | 0.95x | 1.10x | CN¥31.41 Million |
| 2019 | 21.24% | 27.40% | 0.68x | 1.15x | CN¥54.71 Million |
| 2020 | 20.90% | 29.11% | 0.58x | 1.24x | CN¥65.00 Million |
| 2021 | 13.20% | 17.32% | 0.52x | 1.46x | CN¥21.74 Million |
| 2022 | 12.06% | 13.78% | 0.66x | 1.32x | CN¥15.92 Million |
| 2023 | 4.44% | 12.12% | 0.34x | 1.07x | CN¥-97.82 Million |
| 2024 | 2.01% | 4.77% | 0.40x | 1.05x | CN¥-138.97 Million |
| 2025 | 3.40% | 6.91% | 0.46x | 1.07x | CN¥-116.72 Million |
Industry Comparison
This section compares Jiangsu Hengxing New Material's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,198,912,713
- Average return on equity (ROE) among peers: 1.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Hengxing New Material (603276) | CN¥1.80 Billion | 22.82% | 0.07x | $490.12 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $12.12 Billion | -23.06% | 1.32x | $1.10 Billion |
| Sichuan Chemical Co Ltd (000155) | $1.78 Billion | 7.67% | 0.54x | $3.29 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $2.69 Billion | 5.91% | 0.33x | $13.22 Billion |
| Zangge Holding Co Ltd (000408) | $463.16 Million | -7.55% | 1.32x | $17.97 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $795.87 Million | 1.77% | 0.94x | $1.58 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $2.08 Billion | 1.20% | 0.49x | $365.34 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $638.00 Million | 0.68% | 1.30x | $881.48 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $474.34 Million | 6.08% | 0.53x | $364.50 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $220.98 Million | 19.06% | 0.40x | $307.34 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $729.00 Million | 0.97% | 2.44x | $3.29 Billion |
About Jiangsu Hengxing New Material
Jiangsu Hengxing New Material Technology Co.,Ltd. engages in the research, development, and manufacture of chemicals worldwide. It offers organic ketones, acids, esters, alcohols, ether, anhydride, aldehyde, acyl chlorides, additives, and other products. The company was founded in 2006 and is headquartered in Jiangsu, China.