Jiangsu Dingsheng New Material Joint-Stock Co Ltd (603876) - Net Assets
Based on the latest financial reports, Jiangsu Dingsheng New Material Joint-Stock Co Ltd (603876) has net assets worth CN¥7.32 Billion CNY (≈ $1.07 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¥25.01 Billion ≈ $3.66 Billion USD) and total liabilities (CN¥17.69 Billion ≈ $2.59 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. Check how resilient are Jiangsu Dingsheng New Material Joint-Sto's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.32 Billion |
| % of Total Assets | 29.28% |
| Annual Growth Rate | 17.4% |
| 5-Year Change | 75.28% |
| 10-Year Change | 269.11% |
| Growth Volatility | 14.57 |
Jiangsu Dingsheng New Material Joint-Stock Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Jiangsu Dingsheng New Material Joint-Stock Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Jiangsu Dingsheng New Material Joint-Sto assets under control for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Dingsheng New Material Joint-Stock Co Ltd (2014–2024)
The table below shows the annual net assets of Jiangsu Dingsheng New Material Joint-Stock Co Ltd from 2014 to 2024. For live valuation and market cap data, see 603876 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.68 Billion ≈ $977.50 Million |
+1.86% |
| 2023-12-31 | CN¥6.56 Billion ≈ $959.69 Million |
+3.84% |
| 2022-12-31 | CN¥6.32 Billion ≈ $924.18 Million |
+28.08% |
| 2021-12-31 | CN¥4.93 Billion ≈ $721.58 Million |
+29.39% |
| 2020-12-31 | CN¥3.81 Billion ≈ $557.67 Million |
-2.06% |
| 2019-12-31 | CN¥3.89 Billion ≈ $569.39 Million |
+13.15% |
| 2018-12-31 | CN¥3.44 Billion ≈ $503.21 Million |
+43.99% |
| 2017-12-31 | CN¥2.39 Billion ≈ $349.48 Million |
+11.28% |
| 2016-12-31 | CN¥2.15 Billion ≈ $314.06 Million |
+18.59% |
| 2015-12-31 | CN¥1.81 Billion ≈ $264.82 Million |
+34.83% |
| 2014-12-31 | CN¥1.34 Billion ≈ $196.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Dingsheng New Material Joint-Stock 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 777.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.24 Billion | 48.58% |
| Common Stock | CN¥893.38 Million | 13.39% |
| Other Components | CN¥2.54 Billion | 38.03% |
| Total Equity | CN¥6.67 Billion | 100.00% |
Jiangsu Dingsheng New Material Joint-Stock Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Dingsheng New Material Joint-Stock Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Suzhou Novosense Microelectronics Co. Ltd.
SHG:688052
|
$4.19 Billion |
|
Shijiazhuang Changshan Textile Co Ltd
SHE:000158
|
$4.19 Billion |
|
North Copper Shanxi Co Ltd
SHE:000737
|
$4.19 Billion |
|
G-bits Network Technology Xiamen Co Ltd
SHG:603444
|
$4.20 Billion |
|
China International Marine Containers (Group) Co. Ltd
F:OCM
|
$4.19 Billion |
|
Zhejiang XCC Group Co Ltd
SHG:603667
|
$4.19 Billion |
|
Tangshan Port Group Co Ltd
SHG:601000
|
$4.19 Billion |
|
De Grey Mining Ltd
AU:DEG
|
$4.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Dingsheng New Material Joint-Stock Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,549,115,894 to 6,669,803,046, a change of 120,687,152 (1.8%).
- Net income of 301,090,989 contributed positively to equity growth.
- Dividend payments of 432,114,523 reduced retained earnings.
- Share repurchases of 21,531,396 reduced equity.
- Other factors increased equity by 273,242,082.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥301.09 Million | +4.51% |
| Dividends Paid | CN¥432.11 Million | -6.48% |
| Share Repurchases | CN¥21.53 Million | -0.32% |
| Other Changes | CN¥273.24 Million | +4.1% |
| Total Change | CN¥- | 1.84% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Dingsheng New Material Joint-Stock 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: 4.09x
- 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 13.83x to 4.09x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥2.23 | CN¥30.82 | x |
| 2015-12-31 | CN¥3.06 | CN¥30.82 | x |
| 2016-12-31 | CN¥3.20 | CN¥30.82 | x |
| 2017-12-31 | CN¥3.58 | CN¥30.82 | x |
| 2018-12-31 | CN¥4.62 | CN¥30.82 | x |
| 2019-12-31 | CN¥4.97 | CN¥30.82 | x |
| 2020-12-31 | CN¥4.61 | CN¥30.82 | x |
| 2021-12-31 | CN¥5.98 | CN¥30.82 | x |
| 2022-12-31 | CN¥6.90 | CN¥30.82 | x |
| 2023-12-31 | CN¥7.35 | CN¥30.82 | x |
| 2024-12-31 | CN¥7.53 | CN¥30.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Dingsheng New Material Joint-Stock 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): 4.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.25%
- • Asset Turnover: 1.00x
- • Equity Multiplier: 3.58x
- Recent ROE (4.51%) is below the historical average (9.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 5.73% | 1.13% | 0.88x | 5.78x | CN¥-56.12 Million |
| 2015 | 9.07% | 2.51% | 0.84x | 4.28x | CN¥-16.63 Million |
| 2016 | 15.81% | 4.71% | 0.88x | 3.81x | CN¥122.77 Million |
| 2017 | 11.63% | 2.97% | 1.14x | 3.44x | CN¥38.17 Million |
| 2018 | 8.18% | 2.69% | 1.22x | 2.50x | CN¥-61.71 Million |
| 2019 | 7.96% | 2.75% | 0.83x | 3.49x | CN¥-78.98 Million |
| 2020 | -0.39% | -0.12% | 0.93x | 3.51x | CN¥-394.81 Million |
| 2021 | 8.74% | 2.37% | 1.12x | 3.30x | CN¥-62.05 Million |
| 2022 | 21.91% | 6.39% | 0.98x | 3.48x | CN¥751.14 Million |
| 2023 | 8.17% | 2.81% | 0.94x | 3.09x | CN¥-120.08 Million |
| 2024 | 4.51% | 1.25% | 1.00x | 3.58x | CN¥-365.89 Million |
Industry Comparison
This section compares Jiangsu Dingsheng New Material Joint-Stock Co Ltd's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $4,555,597,381
- Average return on equity (ROE) among peers: -12.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Dingsheng New Material Joint-Stock Co Ltd (603876) | CN¥7.32 Billion | 5.73% | 2.41x | $4.19 Billion |
| Jiaozuo Wanfang Aluminum (000612) | $147.61 Million | 5.67% | 1.24x | $2.31 Billion |
| Yunnan Aluminium Co Ltd (000807) | $29.25 Billion | 13.53% | 0.34x | $16.00 Billion |
| Henan Shenhuo Coal & Power Co Ltd (000933) | $216.18 Million | 27.17% | 1.61x | $10.20 Billion |
| Guangdong Hongtu Technology Holdings Co Ltd (002101) | $5.09 Billion | 5.90% | 0.50x | $981.91 Million |
| Jiangsu Alcha Aluminium Co Ltd (002160) | $3.05 Billion | 0.73% | 1.13x | $757.15 Million |
| Nanjing Yunhai Special Metals Co Ltd (002182) | $2.87 Billion | 8.48% | 1.02x | $2.42 Billion |
| ZYF Lopsking Aluminum Co Ltd (002333) | $1.48 Billion | -2.64% | 0.10x | $546.16 Million |
| Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) | $1.67 Billion | 1.22% | 2.15x | $45.15 Billion |
| Jilin Liyuan Precision Manufacturing Co Ltd (002501) | $366.75 Million | -195.80% | 1.54x | $659.74 Million |
| Tianshan Aluminum Group Co Ltd (002532) | $1.42 Billion | 9.20% | 0.39x | $11.28 Billion |
About Jiangsu Dingsheng New Material Joint-Stock Co Ltd
Jiangsu Dingsheng New Materials Joint-Stock Co.,Ltd engages in research and development, production, and sale of aluminum plates and foils. Its products portfolio includes aluminum and aluminum alloy plates, belts, sheets, and coating materials, as well as processed products comprising aluminum oxide plates, cable foils, air-conditioner foils, decorative building material aluminum foils, air cond… Read more