Jiangsu Lidao New Material Co Ltd Class A (603937) - Net Assets
Based on the latest financial reports, Jiangsu Lidao New Material Co Ltd Class A (603937) has net assets worth CN¥1.57 Billion CNY (≈ $230.15 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¥2.59 Billion ≈ $379.27 Million USD) and total liabilities (CN¥1.02 Billion ≈ $149.12 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 603937 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.57 Billion |
| % of Total Assets | 60.68% |
| Annual Growth Rate | 11.54% |
| 5-Year Change | 6.0% |
| 10-Year Change | 159.74% |
| Growth Volatility | 19.11 |
Jiangsu Lidao New Material Co Ltd Class A - Net Assets Trend (2012–2024)
This chart illustrates how Jiangsu Lidao New Material Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore Jiangsu Lidao New Material Co Ltd Class total assets for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Lidao New Material Co Ltd Class A (2012–2024)
The table below shows the annual net assets of Jiangsu Lidao New Material Co Ltd Class A from 2012 to 2024. For live valuation and market cap data, see Jiangsu Lidao New Material Co Ltd Class market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.59 Billion ≈ $232.31 Million |
-3.32% |
| 2023-12-31 | CN¥1.64 Billion ≈ $240.28 Million |
+4.49% |
| 2022-12-31 | CN¥1.57 Billion ≈ $229.95 Million |
+3.02% |
| 2021-12-31 | CN¥1.53 Billion ≈ $223.21 Million |
+1.85% |
| 2020-12-31 | CN¥1.50 Billion ≈ $219.15 Million |
+5.59% |
| 2019-12-31 | CN¥1.42 Billion ≈ $207.56 Million |
+7.50% |
| 2018-12-31 | CN¥1.32 Billion ≈ $193.08 Million |
+8.59% |
| 2017-12-31 | CN¥1.22 Billion ≈ $177.81 Million |
+73.81% |
| 2016-12-31 | CN¥699.12 Million ≈ $102.30 Million |
+14.38% |
| 2015-12-31 | CN¥611.20 Million ≈ $89.44 Million |
+10.19% |
| 2014-12-31 | CN¥554.69 Million ≈ $81.17 Million |
+12.33% |
| 2013-12-31 | CN¥493.81 Million ≈ $72.26 Million |
+15.32% |
| 2012-12-31 | CN¥428.20 Million ≈ $62.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Lidao New Material Co Ltd Class A'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 809.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥699.82 Million | 44.08% |
| Common Stock | CN¥208.88 Million | 13.16% |
| Other Comprehensive Income | CN¥127.00 Million | 8.00% |
| Other Components | CN¥551.85 Million | 34.76% |
| Total Equity | CN¥1.59 Billion | 100.00% |
Jiangsu Lidao New Material Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Jiangsu Lidao New Material Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Interfor Corp
TO:IFP
|
$466.23 Million |
|
Jiangsu Flag Chemical Industry Co Ltd
SHE:300575
|
$466.26 Million |
|
Build-A-Bear Workshop Inc
NYSE:BBW
|
$466.31 Million |
|
Natural Gas Services Group Inc
NYSE:NGS
|
$466.43 Million |
|
Guangdong Lifestrong Pharmacy Co. Ltd.
SHE:301111
|
$465.92 Million |
|
LAY-OUT Planning Consultants Co. Ltd.
SHE:300989
|
$465.83 Million |
|
Thonburi Healthcare Grp Pcl
BK:THG
|
$465.65 Million |
|
Innova Captab Limited
NSE:INNOVACAP
|
$465.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Lidao New Material Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,642,027,986 to 1,587,549,070, a change of -54,478,916 (-3.3%).
- Net loss of 34,226,497 reduced equity.
- Dividend payments of 20,861,347 reduced retained earnings.
- Other comprehensive income increased equity by 1,010,892.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-34.23 Million | -2.16% |
| Dividends Paid | CN¥20.86 Million | -1.31% |
| Other Comprehensive Income | CN¥1.01 Million | +0.06% |
| Other Changes | CN¥-401.96K | -0.03% |
| Total Change | CN¥- | -3.32% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Lidao New Material Co Ltd Class A'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: 2.01x
- 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 5.60x to 2.01x 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¥2.72 | CN¥15.25 | x |
| 2013-12-31 | CN¥3.16 | CN¥15.25 | x |
| 2014-12-31 | CN¥3.55 | CN¥15.25 | x |
| 2015-12-31 | CN¥3.89 | CN¥15.25 | x |
| 2016-12-31 | CN¥4.45 | CN¥15.25 | x |
| 2017-12-31 | CN¥7.34 | CN¥15.25 | x |
| 2018-12-31 | CN¥6.32 | CN¥15.25 | x |
| 2019-12-31 | CN¥6.79 | CN¥15.25 | x |
| 2020-12-31 | CN¥7.17 | CN¥15.25 | x |
| 2021-12-31 | CN¥7.30 | CN¥15.25 | x |
| 2022-12-31 | CN¥7.52 | CN¥15.25 | x |
| 2023-12-31 | CN¥7.79 | CN¥15.25 | x |
| 2024-12-31 | CN¥7.60 | CN¥15.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Lidao New Material Co Ltd Class A 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): -2.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.17%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.59x
- Recent ROE (-2.16%) is below the historical average (8.47%), 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 | 15.42% | 6.37% | 1.61x | 1.50x | CN¥23.20 Million |
| 2013 | 13.29% | 5.56% | 1.82x | 1.31x | CN¥16.24 Million |
| 2014 | 10.97% | 5.26% | 1.71x | 1.22x | CN¥5.41 Million |
| 2015 | 9.25% | 5.59% | 1.30x | 1.27x | CN¥-4.60 Million |
| 2016 | 12.58% | 7.79% | 1.35x | 1.20x | CN¥18.00 Million |
| 2017 | 7.90% | 7.72% | 0.86x | 1.19x | CN¥-25.51 Million |
| 2018 | 8.70% | 8.81% | 0.90x | 1.10x | CN¥-17.16 Million |
| 2019 | 8.15% | 8.64% | 0.82x | 1.15x | CN¥-26.19 Million |
| 2020 | 7.66% | 8.40% | 0.74x | 1.23x | CN¥-35.00 Million |
| 2021 | 8.66% | 7.57% | 0.93x | 1.23x | CN¥-20.40 Million |
| 2022 | 5.59% | 5.48% | 0.85x | 1.19x | CN¥-69.28 Million |
| 2023 | 4.11% | 4.79% | 0.54x | 1.59x | CN¥-96.77 Million |
| 2024 | -2.16% | -2.17% | 0.62x | 1.59x | CN¥-192.98 Million |
Industry Comparison
This section compares Jiangsu Lidao New Material Co Ltd Class A's net assets metrics with peer companies in the Aluminum industry.
Industry Context
- Industry: Aluminum
- Average net assets among peers: $1,907,635,836
- Average return on equity (ROE) among peers: 8.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Lidao New Material Co Ltd Class A (603937) | CN¥1.57 Billion | 15.42% | 0.65x | $466.15 Million |
| Jiaozuo Wanfang Aluminum (000612) | $4.31 Billion | 2.47% | 0.63x | $2.32 Billion |
| Yunnan Aluminium Co Ltd (000807) | $1.32 Billion | 11.50% | 1.08x | $16.14 Billion |
| Henan Shenhuo Coal & Power Co Ltd (000933) | $770.05 Million | 10.06% | 0.35x | $10.57 Billion |
| Guangdong Hongtu Technology Holdings Co Ltd (002101) | $4.89 Billion | 6.88% | 0.74x | $973.16 Million |
| Jiangsu Alcha Aluminium Co Ltd (002160) | $3.03 Billion | 0.73% | 0.98x | $737.51 Million |
| Nanjing Yunhai Special Metals Co Ltd (002182) | $1.09 Billion | 0.35% | 1.17x | $2.28 Billion |
| ZYF Lopsking Aluminum Co Ltd (002333) | $1.91 Billion | 2.73% | 0.70x | $543.19 Million |
| Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) | $177.45 Million | 25.62% | 2.25x | $47.48 Billion |
| Jilin Liyuan Precision Manufacturing Co Ltd (002501) | $282.59 Million | 18.96% | 1.83x | $768.83 Million |
| Tianshan Aluminum Group Co Ltd (002532) | $1.28 Billion | 9.18% | 0.27x | $11.27 Billion |
About Jiangsu Lidao New Material Co Ltd Class A
Jiangsu Lidao New Materials Co., Ltd. engages in the research and development, production, and sale of aluminum products in China and internationally. The company is involved in the processing and manufacturing of new building decoration materials and metal materials; aluminum alloy ceiling system; sheet metal parts; and hardware processing activities. It offers aluminum magnesium manganese roofi… Read more