Jingsu Jingshen Salt&Chem
Jiang Su Suyan Jingshen Co.,Ltd. engages in the mining, research, production, distribution, and sale of salt and salt chemicals in China. The company offers two-alkali and small industrial salt, edible salts, soda ash, calcium chloride, baking soda, and other products. The company was formerly known as Jiangsu Jingshen Salt & Chemical Industry Co., Ltd. and changed its name to Jiang Su Suyan Jing… Read more
Jingsu Jingshen Salt&Chem (603299) - Net Assets
Latest net assets as of September 2025: CN¥6.57 Billion CNY
Based on the latest financial reports, Jingsu Jingshen Salt&Chem (603299) has net assets worth CN¥6.57 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥10.67 Billion) and total liabilities (CN¥4.11 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.57 Billion |
| % of Total Assets | 61.53% |
| Annual Growth Rate | 13.6% |
| 5-Year Change | 54.4% |
| 10-Year Change | 227.67% |
| Growth Volatility | 19.94 |
Jingsu Jingshen Salt&Chem - Net Assets Trend (2009–2024)
This chart illustrates how Jingsu Jingshen Salt&Chem's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Jingsu Jingshen Salt&Chem (2009–2024)
The table below shows the annual net assets of Jingsu Jingshen Salt&Chem from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.46 Billion | +8.91% |
| 2023-12-31 | CN¥5.93 Billion | +10.88% |
| 2022-12-31 | CN¥5.35 Billion | +19.27% |
| 2021-12-31 | CN¥4.48 Billion | +7.20% |
| 2020-12-31 | CN¥4.18 Billion | +1.90% |
| 2019-12-31 | CN¥4.10 Billion | +84.36% |
| 2018-12-31 | CN¥2.23 Billion | +4.34% |
| 2017-12-31 | CN¥2.13 Billion | +8.49% |
| 2016-12-31 | CN¥1.97 Billion | -0.21% |
| 2015-12-31 | CN¥1.97 Billion | +20.59% |
| 2014-12-31 | CN¥1.63 Billion | +2.59% |
| 2013-12-31 | CN¥1.59 Billion | +6.42% |
| 2012-12-31 | CN¥1.50 Billion | +8.69% |
| 2011-12-31 | CN¥1.38 Billion | +13.09% |
| 2010-12-31 | CN¥1.22 Billion | +27.70% |
| 2009-12-31 | CN¥953.50 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jingsu Jingshen Salt&Chem'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 119131.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.16 Billion | 52.25% |
| Common Stock | CN¥781.97 Million | 12.92% |
| Other Components | CN¥2.11 Billion | 34.83% |
| Total Equity | CN¥6.05 Billion | 100.00% |
Jingsu Jingshen Salt&Chem Competitors by Market Cap
The table below lists competitors of Jingsu Jingshen Salt&Chem ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kalvista Pharmaceuticals Inc
NASDAQ:KALV
|
$451.25 Million |
|
OIL&GAS REGS
IL:OGDC
|
$451.32 Million |
|
Maas Group Holdings Ltd
AU:MGH
|
$451.33 Million |
|
NEXA RESOURCES S.A. DL 1
F:NE0
|
$451.41 Million |
|
Sincere Navigation Corp
TW:2605
|
$451.14 Million |
|
Civista Bancshares Inc
NASDAQ:CIVB
|
$451.14 Million |
|
Serica Energy plc
PINK:SQZZF
|
$451.05 Million |
|
Heimar hf.
IC:HEIMAR
|
$450.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jingsu Jingshen Salt&Chem's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,548,877,629 to 6,053,372,977, a change of 504,495,348 (9.1%).
- Net income of 769,019,498 contributed positively to equity growth.
- Dividend payments of 376,143,966 reduced retained earnings.
- Share repurchases of 724,405 reduced equity.
- Other factors increased equity by 112,344,221.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥769.02 Million | +12.7% |
| Dividends Paid | CN¥376.14 Million | -6.21% |
| Share Repurchases | CN¥724.40K | -0.01% |
| Other Changes | CN¥112.34 Million | +1.86% |
| Total Change | CN¥- | 9.09% |
Book Value vs Market Value Analysis
This analysis compares Jingsu Jingshen Salt&Chem'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: 1.58x
- 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 6.28x to 1.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥1.95 | CN¥12.22 | x |
| 2010-12-31 | CN¥2.57 | CN¥12.22 | x |
| 2011-12-31 | CN¥3.15 | CN¥12.22 | x |
| 2012-12-31 | CN¥3.19 | CN¥12.22 | x |
| 2013-12-31 | CN¥3.41 | CN¥12.22 | x |
| 2014-12-31 | CN¥3.44 | CN¥12.22 | x |
| 2015-12-31 | CN¥4.13 | CN¥12.22 | x |
| 2016-12-31 | CN¥3.51 | CN¥12.22 | x |
| 2017-12-31 | CN¥3.83 | CN¥12.22 | x |
| 2018-12-31 | CN¥2.86 | CN¥12.22 | x |
| 2019-12-31 | CN¥5.12 | CN¥12.22 | x |
| 2020-12-31 | CN¥5.22 | CN¥12.22 | x |
| 2021-12-31 | CN¥5.61 | CN¥12.22 | x |
| 2022-12-31 | CN¥6.52 | CN¥12.22 | x |
| 2023-12-31 | CN¥7.17 | CN¥12.22 | x |
| 2024-12-31 | CN¥7.74 | CN¥12.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jingsu Jingshen Salt&Chem 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): 12.70%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.39%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.62x
- Recent ROE (12.70%) is above the historical average (8.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 2.74% | 2.51% | 0.35x | 3.13x | CN¥-58.75 Million |
| 2010 | 8.58% | 6.39% | 0.48x | 2.79x | CN¥-15.18 Million |
| 2011 | 11.74% | 7.38% | 0.59x | 2.70x | CN¥23.90 Million |
| 2012 | 10.66% | 6.34% | 0.60x | 2.80x | CN¥9.87 Million |
| 2013 | 8.51% | 5.78% | 0.53x | 2.78x | CN¥-23.62 Million |
| 2014 | 6.10% | 4.04% | 0.55x | 2.73x | CN¥-63.39 Million |
| 2015 | 3.14% | 3.02% | 0.45x | 2.32x | CN¥-134.76 Million |
| 2016 | 1.17% | 1.07% | 0.48x | 2.28x | CN¥-173.45 Million |
| 2017 | 8.36% | 6.85% | 0.58x | 2.11x | CN¥-34.95 Million |
| 2018 | 9.96% | 4.76% | 0.99x | 2.12x | CN¥-987.61K |
| 2019 | 6.60% | 6.25% | 0.59x | 1.78x | CN¥-134.96 Million |
| 2020 | 3.67% | 3.77% | 0.54x | 1.80x | CN¥-255.72 Million |
| 2021 | 7.71% | 7.02% | 0.59x | 1.86x | CN¥-99.21 Million |
| 2022 | 15.91% | 13.47% | 0.61x | 1.92x | CN¥298.60 Million |
| 2023 | 13.31% | 12.99% | 0.56x | 1.82x | CN¥183.51 Million |
| 2024 | 12.70% | 14.39% | 0.54x | 1.62x | CN¥163.68 Million |
Industry Comparison
This section compares Jingsu Jingshen Salt&Chem's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,626,916,213
- Average return on equity (ROE) among peers: 12.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jingsu Jingshen Salt&Chem (603299) | CN¥6.57 Billion | 2.74% | 0.63x | $451.19 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $6.22 Billion | 3.15% | 2.45x | $677.73 Million |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $1.22 Billion | 8.90% | 0.47x | $2.89 Billion |
| Zangge Holding Co Ltd (000408) | $13.85 Billion | 18.63% | 0.09x | $11.87 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $31.03 Million | 11.65% | 3.42x | $1.15 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $258.76 Million | 6.78% | 0.30x | $423.89 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $54.68 Million | 39.27% | 1.16x | $225.85 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $184.46 Million | 13.30% | 2.58x | $295.21 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $691.87 Million | 1.61% | 0.02x | $187.22 Million |
| Shenyang Chemical Industry Co Ltd (000698) | $3.01 Billion | 7.14% | 1.28x | $240.44 Million |
| Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) | $759.12 Million | 13.65% | 0.22x | $412.94 Million |