Nantong Acetic Acid Chemical Co Ltd (603968) - Net Assets
Based on the latest financial reports, Nantong Acetic Acid Chemical Co Ltd (603968) has net assets worth CN¥1.90 Billion CNY (≈ $277.84 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¥3.41 Billion ≈ $499.36 Million USD) and total liabilities (CN¥1.51 Billion ≈ $221.53 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 603968 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.90 Billion |
| % of Total Assets | 55.64% |
| Annual Growth Rate | 13.43% |
| 5-Year Change | 12.55% |
| 10-Year Change | 76.7% |
| Growth Volatility | 27.43 |
Nantong Acetic Acid Chemical Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Nantong Acetic Acid Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603968 asset base for the complete picture of this company's asset base.
Annual Net Assets for Nantong Acetic Acid Chemical Co Ltd (2011–2024)
The table below shows the annual net assets of Nantong Acetic Acid Chemical Co Ltd from 2011 to 2024. For live valuation and market cap data, see 603968 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.92 Billion ≈ $280.57 Million |
-8.00% |
| 2023-12-31 | CN¥2.08 Billion ≈ $304.97 Million |
-0.39% |
| 2022-12-31 | CN¥2.09 Billion ≈ $306.17 Million |
+16.90% |
| 2021-12-31 | CN¥1.79 Billion ≈ $261.90 Million |
+5.06% |
| 2020-12-31 | CN¥1.70 Billion ≈ $249.29 Million |
+8.23% |
| 2019-12-31 | CN¥1.57 Billion ≈ $230.32 Million |
+8.88% |
| 2018-12-31 | CN¥1.45 Billion ≈ $211.54 Million |
+8.46% |
| 2017-12-31 | CN¥1.33 Billion ≈ $195.04 Million |
+5.54% |
| 2016-12-31 | CN¥1.26 Billion ≈ $184.81 Million |
+16.39% |
| 2015-12-31 | CN¥1.09 Billion ≈ $158.79 Million |
+107.88% |
| 2014-12-31 | CN¥521.99 Million ≈ $76.38 Million |
+11.11% |
| 2013-12-31 | CN¥469.79 Million ≈ $68.75 Million |
+7.50% |
| 2012-12-31 | CN¥437.01 Million ≈ $63.95 Million |
+17.30% |
| 2011-12-31 | CN¥372.56 Million ≈ $54.52 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Nantong Acetic Acid 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 482.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.09 Billion | 59.80% |
| Common Stock | CN¥207.38 Million | 11.36% |
| Other Components | CN¥526.32 Million | 28.84% |
| Total Equity | CN¥1.83 Billion | 100.00% |
Nantong Acetic Acid Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Nantong Acetic Acid Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Silkroad Visual Technology Co Ltd
SHE:300556
|
$357.02 Million |
|
Tianjin Motimo Membrane Tech
SHE:300334
|
$357.15 Million |
|
Ãlgerðin Egill SkallagrÃmsson hf.
IC:OLGERD
|
$357.19 Million |
|
Minfeng Special Paper Co Ltd
SHG:600235
|
$357.27 Million |
|
CMC Magnetics Corp
TW:2323
|
$356.93 Million |
|
Wuhan Citms Technology Co Ltd
SHG:688038
|
$356.93 Million |
|
ZheJiang BangJie Digital Knitting Share Co Ltd
SHE:002634
|
$356.93 Million |
|
Harbin Air Conditioning Co Ltd
SHG:600202
|
$356.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nantong Acetic Acid Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,993,946,639 to 1,825,205,300, a change of -168,741,339 (-8.5%).
- Net loss of 103,820,484 reduced equity.
- Dividend payments of 77,426,855 reduced retained earnings.
- Share repurchases of 20,099,547 reduced equity.
- Other factors increased equity by 32,605,547.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-103.82 Million | -5.69% |
| Dividends Paid | CN¥77.43 Million | -4.24% |
| Share Repurchases | CN¥20.10 Million | -1.1% |
| Other Changes | CN¥32.61 Million | +1.79% |
| Total Change | CN¥- | -8.46% |
Book Value vs Market Value Analysis
This analysis compares Nantong Acetic Acid 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: 1.34x
- 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 4.55x to 1.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥2.62 | CN¥11.93 | x |
| 2012-12-31 | CN¥2.86 | CN¥11.93 | x |
| 2013-12-31 | CN¥3.08 | CN¥11.93 | x |
| 2014-12-31 | CN¥3.44 | CN¥11.93 | x |
| 2015-12-31 | CN¥5.95 | CN¥11.93 | x |
| 2016-12-31 | CN¥6.16 | CN¥11.93 | x |
| 2017-12-31 | CN¥6.55 | CN¥11.93 | x |
| 2018-12-31 | CN¥7.05 | CN¥11.93 | x |
| 2019-12-31 | CN¥7.70 | CN¥11.93 | x |
| 2020-12-31 | CN¥8.33 | CN¥11.93 | x |
| 2021-12-31 | CN¥8.75 | CN¥11.93 | x |
| 2022-12-31 | CN¥10.23 | CN¥11.93 | x |
| 2023-12-31 | CN¥9.40 | CN¥11.93 | x |
| 2024-12-31 | CN¥8.93 | CN¥11.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nantong Acetic Acid 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): -5.69%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.52%
- • Asset Turnover: 0.88x
- • Equity Multiplier: 1.84x
- Recent ROE (-5.69%) is below the historical average (11.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 18.11% | 6.58% | 0.92x | 2.98x | CN¥30.23 Million |
| 2012 | 15.04% | 5.02% | 1.07x | 2.81x | CN¥22.03 Million |
| 2013 | 13.31% | 4.95% | 0.99x | 2.71x | CN¥15.54 Million |
| 2014 | 19.09% | 7.00% | 1.14x | 2.40x | CN¥47.47 Million |
| 2015 | 9.57% | 8.36% | 0.74x | 1.54x | CN¥-4.62 Million |
| 2016 | 11.70% | 11.11% | 0.76x | 1.38x | CN¥21.44 Million |
| 2017 | 12.06% | 9.68% | 0.92x | 1.36x | CN¥27.50 Million |
| 2018 | 13.90% | 9.90% | 1.03x | 1.36x | CN¥56.32 Million |
| 2019 | 14.04% | 9.79% | 1.08x | 1.33x | CN¥63.62 Million |
| 2020 | 14.53% | 10.21% | 1.01x | 1.41x | CN¥77.21 Million |
| 2021 | 9.73% | 5.80% | 1.08x | 1.56x | CN¥-4.92 Million |
| 2022 | 19.19% | 11.18% | 1.13x | 1.52x | CN¥192.26 Million |
| 2023 | 1.64% | 1.09% | 0.85x | 1.78x | CN¥-166.69 Million |
| 2024 | -5.69% | -3.52% | 0.88x | 1.84x | CN¥-286.34 Million |
Industry Comparison
This section compares Nantong Acetic Acid Chemical Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,415,086,959
- Average return on equity (ROE) among peers: 9.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nantong Acetic Acid Chemical Co Ltd (603968) | CN¥1.90 Billion | 18.11% | 0.80x | $356.97 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $1.26 Billion | 5.64% | 0.27x | $499.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $15.85 Billion | 10.63% | 1.10x | $9.30 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $894.70 Million | 2.56% | 0.68x | $741.46 Million |
| Luxi Chemical Group Co Ltd (000830) | $1.14 Billion | 6.96% | 1.67x | $4.75 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $8.45 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $923.46 Million | 4.58% | 0.60x | $1.19 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $2.34 Billion | 10.76% | 1.89x | $1.65 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.77 Billion | 9.55% | 0.33x | $582.05 Million |
| Zhejiang Transfar Co Ltd (002010) | $16.39 Billion | 9.78% | 0.86x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $457.55 Million | 6.71% | 0.32x | $605.40 Million |
About Nantong Acetic Acid Chemical Co Ltd
Nantong Acetic Acid Chemical Co., Ltd. research, develops, produces, and sells fine chemicals in China and internationally. The company offers food and feed additives comprising acesulfame potassium, sorbic acid, potassium sorbate, dehydroacetic acid, sodium dehydroacetate, nicotinic acid, nicotinamide, and clopidol; pharmaceutical and pesticide intermediates consisting of methyl acetoacetate, et… Read more