Jiangsu New Energy Development Co Ltd (603693) - Net Assets
Based on the latest financial reports, Jiangsu New Energy Development Co Ltd (603693) has net assets worth CN¥8.28 Billion CNY (≈ $1.21 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥17.87 Billion ≈ $2.61 Billion USD) and total liabilities (CN¥9.59 Billion ≈ $1.40 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. Also explore Jiangsu New Energy Development Co Ltd asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.28 Billion |
| % of Total Assets | 46.31% |
| Annual Growth Rate | 20.65% |
| 5-Year Change | 53.15% |
| 10-Year Change | 160.78% |
| Growth Volatility | 26.63 |
Jiangsu New Energy Development Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Jiangsu New Energy Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Jiangsu New Energy Development Co Ltd (603693) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Jiangsu New Energy Development Co Ltd (2013–2024)
The table below shows the annual net assets of Jiangsu New Energy Development Co Ltd from 2013 to 2024. For live valuation and market cap data, see market cap of Jiangsu New Energy Development Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.90 Billion ≈ $1.16 Billion |
+7.14% |
| 2023-12-31 | CN¥7.37 Billion ≈ $1.08 Billion |
+5.34% |
| 2022-12-31 | CN¥7.00 Billion ≈ $1.02 Billion |
+8.85% |
| 2021-12-31 | CN¥6.43 Billion ≈ $941.00 Million |
+24.66% |
| 2020-12-31 | CN¥5.16 Billion ≈ $754.86 Million |
+1.91% |
| 2019-12-31 | CN¥5.06 Billion ≈ $740.74 Million |
+2.90% |
| 2018-12-31 | CN¥4.92 Billion ≈ $719.83 Million |
+33.69% |
| 2017-12-31 | CN¥3.68 Billion ≈ $538.43 Million |
+9.14% |
| 2016-12-31 | CN¥3.37 Billion ≈ $493.33 Million |
+11.28% |
| 2015-12-31 | CN¥3.03 Billion ≈ $443.31 Million |
+59.77% |
| 2014-12-31 | CN¥1.90 Billion ≈ $277.47 Million |
+89.25% |
| 2013-12-31 | CN¥1.00 Billion ≈ $146.61 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu New Energy Development 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 208046178775.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.93 Billion | 28.78% |
| Common Stock | CN¥891.48 Million | 13.31% |
| Other Comprehensive Income | CN¥207.65 Million | 3.10% |
| Other Components | CN¥3.67 Billion | 54.81% |
| Total Equity | CN¥6.70 Billion | 100.00% |
Jiangsu New Energy Development Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu New Energy Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guizhou Panjiang Refined Coal Co Ltd
SHG:600395
|
$1.59 Billion |
|
Carabao Group Public Company Limited
BK:CBG
|
$1.59 Billion |
|
Anhui Xinhua Media Co Ltd
SHG:601801
|
$1.59 Billion |
|
Reinsurance Group of America Inc
NYSE:RZB
|
$1.59 Billion |
|
YFY Inc
TW:1907
|
$1.59 Billion |
|
Jubilant Pharmova Limited
NSE:JUBLPHARMA
|
$1.59 Billion |
|
Formula Systems (1985) Ltd
F:FSY
|
$1.59 Billion |
|
Thai Union Group PCL
BK:TU
|
$1.59 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu New Energy Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,415,792,008 to 6,699,541,641, a change of 283,749,633 (4.4%).
- Net income of 416,884,072 contributed positively to equity growth.
- Dividend payments of 300,660,591 reduced retained earnings.
- Other comprehensive income increased equity by 202,133,629.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥416.88 Million | +6.22% |
| Dividends Paid | CN¥300.66 Million | -4.49% |
| Other Comprehensive Income | CN¥202.13 Million | +3.02% |
| Other Changes | CN¥-34.61 Million | -0.52% |
| Total Change | CN¥- | 4.42% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu New Energy Development 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: 1.62x
- 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 5.90x to 1.62x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥2.06 | CN¥12.18 | x |
| 2014-12-31 | CN¥4.30 | CN¥12.18 | x |
| 2015-12-31 | CN¥7.02 | CN¥12.18 | x |
| 2016-12-31 | CN¥6.09 | CN¥12.18 | x |
| 2017-12-31 | CN¥6.52 | CN¥12.18 | x |
| 2018-12-31 | CN¥7.94 | CN¥12.18 | x |
| 2019-12-31 | CN¥5.72 | CN¥12.18 | x |
| 2020-12-31 | CN¥5.79 | CN¥12.18 | x |
| 2021-12-31 | CN¥7.48 | CN¥12.18 | x |
| 2022-12-31 | CN¥6.81 | CN¥12.18 | x |
| 2023-12-31 | CN¥7.20 | CN¥12.18 | x |
| 2024-12-31 | CN¥7.52 | CN¥12.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu New Energy Development 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): 6.22%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.86%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.63x
- Recent ROE (6.22%) is below the historical average (6.71%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 1.80% | 2.06% | 0.21x | 4.12x | CN¥-66.87 Million |
| 2014 | 11.79% | 23.46% | 0.20x | 2.49x | CN¥30.47 Million |
| 2015 | 5.13% | 16.34% | 0.15x | 2.03x | CN¥-135.24 Million |
| 2016 | 9.53% | 25.51% | 0.16x | 2.29x | CN¥-14.55 Million |
| 2017 | 9.51% | 21.99% | 0.21x | 2.10x | CN¥-16.10 Million |
| 2018 | 7.05% | 21.36% | 0.18x | 1.84x | CN¥-131.56 Million |
| 2019 | 5.53% | 17.11% | 0.18x | 1.82x | CN¥-205.33 Million |
| 2020 | 3.30% | 9.94% | 0.14x | 2.41x | CN¥-311.56 Million |
| 2021 | 5.45% | 16.61% | 0.12x | 2.79x | CN¥-257.54 Million |
| 2022 | 7.84% | 24.15% | 0.12x | 2.61x | CN¥-131.32 Million |
| 2023 | 7.36% | 24.28% | 0.12x | 2.56x | CN¥-169.21 Million |
| 2024 | 6.22% | 19.86% | 0.12x | 2.63x | CN¥-253.07 Million |
Industry Comparison
This section compares Jiangsu New Energy Development Co Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $6,204,642,141
- Average return on equity (ROE) among peers: 6.84%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu New Energy Development Co Ltd (603693) | CN¥8.28 Billion | 1.80% | 1.16x | $1.59 Billion |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $11.56 Billion | 4.71% | 1.50x | $106.61 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $13.61 Billion | 23.09% | 4.14x | $2.30 Billion |
| Guangdong Electric Power Development Co Ltd (000539) | $10.47 Billion | 7.42% | 0.62x | $3.86 Billion |
| CECEP Solar Energy Co Ltd (000591) | $119.53 Million | 6.94% | 2.00x | $2.57 Billion |
| GEPIC Energy Development Co Ltd (000791) | $16.57 Billion | 9.92% | 1.17x | $3.69 Billion |
| Tieling Newcity Investment Holding Ltd (000809) | $139.06 Million | 7.94% | 0.36x | $404.32 Million |
| Hubei Energy Group Co Ltd (000883) | $15.68 Billion | 7.29% | 1.15x | $4.42 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.97 Billion | -4.10% | 1.14x | $680.18 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $-10.30 Billion | 0.00% | 0.00x | $883.99 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $2.24 Billion | 5.17% | 0.49x | $986.21 Million |
About Jiangsu New Energy Development Co Ltd
Jiangsu New Energy Development Co., Ltd. develops, constructs, manages, operates, and invests in new energy projects. It is involved in wind energy, solar energy, biomass energy, geothermal energy, ocean energy, and natural gas hydrate projects. The company was founded in 2002 and is based in Nanjing, China. Jiangsu New Energy Development Co., Ltd. is a subsidiary of Jiangsu Guoxin Group Limited.