Jiangsu Lopal Tech Co Ltd (603906) - Net Assets
Based on the latest financial reports, Jiangsu Lopal Tech Co Ltd (603906) has net assets worth CN¥3.83 Billion CNY (≈ $560.10 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¥18.44 Billion ≈ $2.70 Billion USD) and total liabilities (CN¥14.61 Billion ≈ $2.14 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 Jiangsu Lopal Tech Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.83 Billion |
| % of Total Assets | 20.76% |
| Annual Growth Rate | 34.14% |
| 5-Year Change | 85.96% |
| 10-Year Change | 606.57% |
| Growth Volatility | 73.46 |
Jiangsu Lopal Tech Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Jiangsu Lopal Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603906 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Jiangsu Lopal Tech Co Ltd (2012–2024)
The table below shows the annual net assets of Jiangsu Lopal Tech Co Ltd from 2012 to 2024. For live valuation and market cap data, see Jiangsu Lopal Tech Co Ltd (603906) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.93 Billion ≈ $575.59 Million |
-5.92% |
| 2023-12-31 | CN¥4.18 Billion ≈ $611.82 Million |
-25.46% |
| 2022-12-31 | CN¥5.61 Billion ≈ $820.84 Million |
+123.02% |
| 2021-12-31 | CN¥2.52 Billion ≈ $368.06 Million |
+18.91% |
| 2020-12-31 | CN¥2.12 Billion ≈ $309.53 Million |
+39.09% |
| 2019-12-31 | CN¥1.52 Billion ≈ $222.55 Million |
+9.25% |
| 2018-12-31 | CN¥1.39 Billion ≈ $203.70 Million |
+17.31% |
| 2017-12-31 | CN¥1.19 Billion ≈ $173.64 Million |
+83.58% |
| 2016-12-31 | CN¥646.37 Million ≈ $94.58 Million |
+16.11% |
| 2015-12-31 | CN¥556.70 Million ≈ $81.46 Million |
+11.58% |
| 2014-12-31 | CN¥498.91 Million ≈ $73.01 Million |
+21.03% |
| 2013-12-31 | CN¥412.23 Million ≈ $60.32 Million |
+255.67% |
| 2012-12-31 | CN¥115.90 Million ≈ $16.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Lopal Tech 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 773.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥665.08 Million | 21.59% |
| Other Comprehensive Income | CN¥98.19 Million | 3.19% |
| Other Components | CN¥2.68 Billion | 87.08% |
| Total Equity | CN¥3.08 Billion | 100.00% |
Jiangsu Lopal Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Jiangsu Lopal Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alliance Financial Group Bhd
KLSE:2488
|
$2.01 Billion |
|
Shenyang Machine Tool Co Ltd
SHE:000410
|
$2.01 Billion |
|
LDR Turizm AS
IS:LIDER
|
$2.01 Billion |
|
Agilysys Inc
NASDAQ:AGYS
|
$2.01 Billion |
|
Progyny Inc
NASDAQ:PGNY
|
$2.01 Billion |
|
SMA Solar Technology AG
F:S92
|
$2.01 Billion |
|
Xinjiang Machinery Research Inst
SHE:300159
|
$2.01 Billion |
|
Valiant Co Ltd
SHE:002643
|
$2.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Lopal Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,452,174,101 to 3,080,249,444, a change of -371,924,657 (-10.8%).
- Net loss of 635,668,130 reduced equity.
- Dividend payments of 243,257,084 reduced retained earnings.
- Other comprehensive income increased equity by 1,673,833.
- Other factors increased equity by 505,326,724.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-635.67 Million | -20.64% |
| Dividends Paid | CN¥243.26 Million | -7.9% |
| Other Comprehensive Income | CN¥1.67 Million | +0.05% |
| Other Changes | CN¥505.33 Million | +16.41% |
| Total Change | CN¥- | -10.77% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Lopal Tech 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: 4.60x
- 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 63.08x to 4.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.39 | CN¥24.32 | x |
| 2013-12-31 | CN¥1.37 | CN¥24.32 | x |
| 2014-12-31 | CN¥1.66 | CN¥24.32 | x |
| 2015-12-31 | CN¥1.77 | CN¥24.32 | x |
| 2016-12-31 | CN¥2.04 | CN¥24.32 | x |
| 2017-12-31 | CN¥2.98 | CN¥24.32 | x |
| 2018-12-31 | CN¥2.95 | CN¥24.32 | x |
| 2019-12-31 | CN¥3.25 | CN¥24.32 | x |
| 2020-12-31 | CN¥4.54 | CN¥24.32 | x |
| 2021-12-31 | CN¥4.15 | CN¥24.32 | x |
| 2022-12-31 | CN¥8.91 | CN¥24.32 | x |
| 2023-12-31 | CN¥6.10 | CN¥24.32 | x |
| 2024-12-31 | CN¥5.28 | CN¥24.32 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Lopal Tech 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): -20.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.28%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 5.13x
- Recent ROE (-20.64%) is below the historical average (7.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 35.25% | 7.11% | 1.60x | 3.09x | CN¥29.26 Million |
| 2013 | 15.56% | 8.40% | 1.25x | 1.48x | CN¥22.94 Million |
| 2014 | 16.74% | 9.65% | 1.12x | 1.54x | CN¥33.61 Million |
| 2015 | 10.37% | 7.04% | 0.87x | 1.70x | CN¥2.07 Million |
| 2016 | 13.86% | 8.65% | 1.01x | 1.58x | CN¥24.97 Million |
| 2017 | 7.78% | 7.12% | 0.78x | 1.40x | CN¥-26.29 Million |
| 2018 | 6.54% | 5.46% | 0.73x | 1.64x | CN¥-43.23 Million |
| 2019 | 9.41% | 7.44% | 0.79x | 1.60x | CN¥-8.05 Million |
| 2020 | 10.54% | 10.59% | 0.65x | 1.54x | CN¥10.42 Million |
| 2021 | 17.59% | 8.66% | 0.66x | 3.06x | CN¥151.43 Million |
| 2022 | 15.94% | 5.35% | 0.96x | 3.11x | CN¥280.66 Million |
| 2023 | -35.73% | -14.13% | 0.51x | 4.99x | CN¥-1.58 Billion |
| 2024 | -20.64% | -8.28% | 0.49x | 5.13x | CN¥-943.69 Million |
Industry Comparison
This section compares Jiangsu Lopal Tech Co Ltd's net assets metrics with peer companies in the Oil & Gas Refining & Marketing industry.
Industry Context
- Industry: Oil & Gas Refining & Marketing
- Average net assets among peers: $3,460,088,126
- Average return on equity (ROE) among peers: 4.25%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Lopal Tech Co Ltd (603906) | CN¥3.83 Billion | 35.25% | 3.82x | $2.01 Billion |
| Shenzhen Guangju Energy Co Ltd (000096) | $359.14 Million | 10.20% | 0.86x | $611.15 Million |
| Xinjiang International Industry Co Ltd (000159) | $2.05 Billion | 1.85% | 0.77x | $417.82 Million |
| Shandong Shengli Co Ltd (000407) | $2.91 Billion | 4.58% | 1.24x | $525.44 Million |
| Sinopec Shandong Taishan Petroleum Co Ltd (000554) | $800.15 Million | 3.20% | 0.49x | $458.01 Million |
| Jiangsu Gaoke Petrochemical Co (002778) | $595.18 Million | 5.72% | 0.18x | $316.18 Million |
| Ningbo Bohui Chemical Technology (300839) | $834.55 Million | 6.93% | 0.76x | $634.06 Million |
| HY Energy Group Co Ltd (600387) | $1.37 Billion | 0.39% | 1.41x | $64.39 Million |
| Sinopec Shanghai Petrochemical Co Ltd Class A (600688) | $18.20 Billion | 5.19% | 0.69x | $3.12 Billion |
| Lonyer Fuels (603003) | $4.02 Billion | 0.16% | 0.48x | $134.35 Million |
About Jiangsu Lopal Tech Co Ltd
Jiangsu Lopal Tech. Group Co., Ltd. engages in the research and development, production, and sale of lithium iron phosphate cathode materials and environmental protection fine chemicals for vehicles in China and internationally. The company provides automotive lubricants, grease, coolants, brake fluids, chemicals, industrial lubricating grease, automotive maintenance products, lithium battery mat… Read more