WG Tech JiangXi Co Ltd (603773) - Net Assets
Based on the latest financial reports, WG Tech JiangXi Co Ltd (603773) has net assets worth CN¥1.37 Billion CNY (≈ $200.04 Million 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¥4.36 Billion ≈ $638.51 Million USD) and total liabilities (CN¥3.00 Billion ≈ $438.47 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 603773 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.37 Billion |
| % of Total Assets | 31.33% |
| Annual Growth Rate | 25.61% |
| 5-Year Change | -11.33% |
| 10-Year Change | 237.76% |
| Growth Volatility | 47.06 |
WG Tech JiangXi Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how WG Tech JiangXi Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore WG Tech JiangXi Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for WG Tech JiangXi Co Ltd (2013–2024)
The table below shows the annual net assets of WG Tech JiangXi Co Ltd from 2013 to 2024. For live valuation and market cap data, see 603773 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.43 Billion ≈ $209.56 Million |
-6.92% |
| 2023-12-31 | CN¥1.54 Billion ≈ $225.15 Million |
+2.29% |
| 2022-12-31 | CN¥1.50 Billion ≈ $220.11 Million |
-7.96% |
| 2021-12-31 | CN¥1.63 Billion ≈ $239.15 Million |
+1.18% |
| 2020-12-31 | CN¥1.62 Billion ≈ $236.35 Million |
-0.08% |
| 2019-12-31 | CN¥1.62 Billion ≈ $236.53 Million |
-0.82% |
| 2018-12-31 | CN¥1.63 Billion ≈ $238.50 Million |
+122.17% |
| 2017-12-31 | CN¥733.61 Million ≈ $107.35 Million |
+39.51% |
| 2016-12-31 | CN¥525.86 Million ≈ $76.95 Million |
+24.02% |
| 2015-12-31 | CN¥424.00 Million ≈ $62.04 Million |
+121.67% |
| 2014-12-31 | CN¥191.27 Million ≈ $27.99 Million |
+64.08% |
| 2013-12-31 | CN¥116.57 Million ≈ $17.06 Million |
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Equity Component Analysis
This analysis shows how different components contribute to WG Tech JiangXi 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 decreased by 157.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥223.13 Million | 17.79% |
| Other Comprehensive Income | CN¥2.12 Million | 0.17% |
| Other Components | CN¥1.04 Billion | 82.93% |
| Total Equity | CN¥1.25 Billion | 100.00% |
WG Tech JiangXi Co Ltd Competitors by Market Cap
The table below lists competitors of WG Tech JiangXi Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aisino Corp
SHG:600271
|
$2.28 Billion |
|
Taihai Manoir Nuclear Equipment Co Ltd
SHE:002366
|
$2.28 Billion |
|
Dlocal Ltd
NASDAQ:DLO
|
$2.28 Billion |
|
Kumho Petro Chemical
KO:011780
|
$2.28 Billion |
|
Nyocor Co Ltd
SHG:600821
|
$2.28 Billion |
|
Douzone Bizon Co Ltd
KO:012510
|
$2.28 Billion |
|
Shandong Publishing & Media
SHG:601019
|
$2.28 Billion |
|
Zhongman Petro & Natural Gas
SHG:603619
|
$2.28 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in WG Tech JiangXi Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,375,883,271 to 1,254,524,944, a change of -121,358,327 (-8.8%).
- Net loss of 122,362,428 reduced equity.
- Dividend payments of 61,832,708 reduced retained earnings.
- Other comprehensive income increased equity by 483,867.
- Other factors increased equity by 62,352,942.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-122.36 Million | -9.75% |
| Dividends Paid | CN¥61.83 Million | -4.93% |
| Other Comprehensive Income | CN¥483.87K | +0.04% |
| Other Changes | CN¥62.35 Million | +4.97% |
| Total Change | CN¥- | -8.82% |
Book Value vs Market Value Analysis
This analysis compares WG Tech JiangXi 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: 12.30x
- 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 decreased from 57.45x to 12.30x 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¥1.21 | CN¥69.35 | x |
| 2014-12-31 | CN¥1.98 | CN¥69.35 | x |
| 2015-12-31 | CN¥4.12 | CN¥69.35 | x |
| 2016-12-31 | CN¥4.41 | CN¥69.35 | x |
| 2017-12-31 | CN¥6.12 | CN¥69.35 | x |
| 2018-12-31 | CN¥11.12 | CN¥69.35 | x |
| 2019-12-31 | CN¥10.11 | CN¥69.35 | x |
| 2020-12-31 | CN¥10.10 | CN¥69.35 | x |
| 2021-12-31 | CN¥9.79 | CN¥69.35 | x |
| 2022-12-31 | CN¥8.47 | CN¥69.35 | x |
| 2023-12-31 | CN¥6.99 | CN¥69.35 | x |
| 2024-12-31 | CN¥5.64 | CN¥69.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently WG Tech JiangXi 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): -9.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.51%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 3.53x
- Recent ROE (-9.75%) is below the historical average (8.95%), 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 | 39.70% | 28.00% | 0.68x | 2.09x | CN¥34.62 Million |
| 2014 | 39.05% | 29.02% | 0.68x | 1.99x | CN¥55.57 Million |
| 2015 | 8.04% | 15.29% | 0.35x | 1.50x | CN¥-8.32 Million |
| 2016 | 14.21% | 23.95% | 0.38x | 1.55x | CN¥22.14 Million |
| 2017 | 28.32% | 31.77% | 0.64x | 1.39x | CN¥134.39 Million |
| 2018 | 9.70% | 22.58% | 0.39x | 1.10x | CN¥-4.94 Million |
| 2019 | 3.15% | 9.71% | 0.29x | 1.12x | CN¥-110.74 Million |
| 2020 | 0.87% | 2.34% | 0.30x | 1.25x | CN¥-147.41 Million |
| 2021 | -1.75% | -2.56% | 0.40x | 1.70x | CN¥-180.04 Million |
| 2022 | -23.86% | -23.48% | 0.43x | 2.34x | CN¥-465.83 Million |
| 2023 | -0.33% | -0.25% | 0.48x | 2.77x | CN¥-142.13 Million |
| 2024 | -9.75% | -5.51% | 0.50x | 3.53x | CN¥-247.81 Million |
Industry Comparison
This section compares WG Tech JiangXi Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| WG Tech JiangXi Co Ltd (603773) | CN¥1.37 Billion | 39.70% | 2.19x | $2.28 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About WG Tech JiangXi Co Ltd
WG TECH (Jiang Xi) Co., Ltd. provides glass-based circuit boards and related electronic devices in China. Its products include mini and micro-LED glass substrates, semiconductor advanced packaging substrates, CPO applications and RF devices, MIP carrier and direct display substrates, UTG ultra-thin flexible glasses, CPI transparent polyimides, and touch products. The company is involved in the FP… Read more