Zhejiang Jianye Chemical Co Ltd (603948) - Net Assets
Based on the latest financial reports, Zhejiang Jianye Chemical Co Ltd (603948) has net assets worth CN¥2.10 Billion CNY (≈ $307.18 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¥2.57 Billion ≈ $375.39 Million USD) and total liabilities (CN¥466.14 Million ≈ $68.21 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 603948 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.10 Billion |
| % of Total Assets | 81.83% |
| Annual Growth Rate | 23.62% |
| 5-Year Change | 48.21% |
| 10-Year Change | N/A |
| Growth Volatility | 20.29 |
Zhejiang Jianye Chemical Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Zhejiang Jianye Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603948 asset base for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Jianye Chemical Co Ltd (2015–2024)
The table below shows the annual net assets of Zhejiang Jianye Chemical Co Ltd from 2015 to 2024. For live valuation and market cap data, see 603948 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.09 Billion ≈ $305.24 Million |
+3.32% |
| 2023-12-31 | CN¥2.02 Billion ≈ $295.43 Million |
+1.93% |
| 2022-12-31 | CN¥1.98 Billion ≈ $289.84 Million |
+18.93% |
| 2021-12-31 | CN¥1.67 Billion ≈ $243.71 Million |
+18.33% |
| 2020-12-31 | CN¥1.41 Billion ≈ $205.95 Million |
+70.56% |
| 2019-12-31 | CN¥825.18 Million ≈ $120.75 Million |
+20.88% |
| 2018-12-31 | CN¥682.65 Million ≈ $99.89 Million |
+27.61% |
| 2017-12-31 | CN¥534.96 Million ≈ $78.28 Million |
+46.69% |
| 2016-12-31 | CN¥364.70 Million ≈ $53.37 Million |
+17.89% |
| 2015-12-31 | CN¥309.35 Million ≈ $45.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Jianye Chemical 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 902.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.27 Billion | 60.95% |
| Common Stock | CN¥162.49 Million | 7.79% |
| Other Comprehensive Income | CN¥86.27 Million | 4.14% |
| Other Components | CN¥565.73 Million | 27.12% |
| Total Equity | CN¥2.09 Billion | 100.00% |
Zhejiang Jianye Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Jianye Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Arko Corp
NASDAQ:ARKO
|
$656.33 Million |
|
REGAL PARTNERS LTD.
F:OC7
|
$656.44 Million |
|
Chapters Group AG
XETRA:CHG
|
$656.80 Million |
|
Mensch und Maschine Software SE
F:MUM
|
$656.90 Million |
|
Mersen SA
PA:MRN
|
$656.18 Million |
|
Sam Engineering Equipment
KLSE:9822
|
$656.08 Million |
|
Shanghai Rongtai Health Tech
SHG:603579
|
$656.07 Million |
|
Solarvest Holdings Bhd
KLSE:0215
|
$655.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Jianye Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,018,892,884 to 2,085,966,675, a change of 67,073,791 (3.3%).
- Net income of 209,057,220 contributed positively to equity growth.
- Dividend payments of 162,489,167 reduced retained earnings.
- Share repurchases of 67,021 reduced equity.
- Other comprehensive income increased equity by 86,269,649.
- Other factors decreased equity by 65,696,890.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥209.06 Million | +10.02% |
| Dividends Paid | CN¥162.49 Million | -7.79% |
| Share Repurchases | CN¥67.02K | -0.0% |
| Other Comprehensive Income | CN¥86.27 Million | +4.14% |
| Other Changes | CN¥-65.70 Million | -3.15% |
| Total Change | CN¥- | 3.32% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Jianye Chemical 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: 2.14x
- 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 10.50x to 2.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥2.63 | CN¥27.60 | x |
| 2016-12-31 | CN¥3.03 | CN¥27.60 | x |
| 2017-12-31 | CN¥4.46 | CN¥27.60 | x |
| 2018-12-31 | CN¥5.70 | CN¥27.60 | x |
| 2019-12-31 | CN¥5.16 | CN¥27.60 | x |
| 2020-12-31 | CN¥8.80 | CN¥27.60 | x |
| 2021-12-31 | CN¥10.41 | CN¥27.60 | x |
| 2022-12-31 | CN¥12.38 | CN¥27.60 | x |
| 2023-12-31 | CN¥12.58 | CN¥27.60 | x |
| 2024-12-31 | CN¥12.87 | CN¥27.60 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Jianye Chemical 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): 10.02%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.73%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.25x
- Recent ROE (10.02%) is below the historical average (17.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 9.51% | 1.82% | 1.72x | 3.04x | CN¥-1.50 Million |
| 2016 | 15.18% | 3.57% | 1.60x | 2.66x | CN¥18.88 Million |
| 2017 | 31.17% | 9.16% | 1.65x | 2.07x | CN¥113.27 Million |
| 2018 | 28.94% | 10.78% | 1.68x | 1.59x | CN¥129.29 Million |
| 2019 | 17.27% | 8.51% | 1.51x | 1.34x | CN¥60.02 Million |
| 2020 | 8.93% | 7.27% | 0.91x | 1.35x | CN¥-15.05 Million |
| 2021 | 17.41% | 10.36% | 1.22x | 1.37x | CN¥123.48 Million |
| 2022 | 19.70% | 13.96% | 1.05x | 1.35x | CN¥192.17 Million |
| 2023 | 15.74% | 11.99% | 1.00x | 1.31x | CN¥115.79 Million |
| 2024 | 10.02% | 8.73% | 0.92x | 1.25x | CN¥460.55K |
Industry Comparison
This section compares Zhejiang Jianye Chemical Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $1,956,000,589
- Average return on equity (ROE) among peers: 5.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Jianye Chemical Co Ltd (603948) | CN¥2.10 Billion | 9.51% | 0.22x | $656.25 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $5.67 Billion | 4.23% | 0.58x | $1.33 Billion |
| Sichuan Chemical Co Ltd (000155) | $1.77 Billion | 7.68% | 0.52x | $4.71 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $312.27 Million | 16.90% | 1.60x | $12.84 Billion |
| Zangge Holding Co Ltd (000408) | $5.99 Billion | 15.23% | 0.23x | $20.51 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.36 Billion | 21.99% | 0.60x | $1.34 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $1.90 Billion | 6.35% | 0.42x | $436.10 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $545.03 Million | 6.87% | 0.36x | $871.02 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $1.10 Billion | -45.68% | 1.34x | $470.62 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $223.90 Million | 24.85% | 0.57x | $366.68 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $679.21 Million | -7.29% | 2.63x | $4.87 Billion |
About Zhejiang Jianye Chemical Co Ltd
Zhejiang Jianye Chemical Co., Ltd. engages in the research, development, production, and sales of fine chemical products in China. The company offers low-carbon fatty amines, plasticizers, acetates, liquid sulfur dioxide, and electronic chemicals. It serves agrochemical, pharmaceutical, rubber, paint and dyes, surfactant, intermediate, and other industries. It also exports its products. Zhejiang … Read more