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¥1.85 Billion CNY (≈ $270.37 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.33 Billion ≈ $487.58 Million USD) and total liabilities (CN¥1.48 Billion ≈ $217.21 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. Also explore Nantong Acetic Acid Chemical Co Ltd balance sheet assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.85 Billion |
| % of Total Assets | 55.45% |
| Annual Growth Rate | 12.18% |
| 5-Year Change | 4.11% |
| 10-Year Change | 47.53% |
| Growth Volatility | 26.86 |
Nantong Acetic Acid Chemical Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Nantong Acetic Acid Chemical Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Nantong Acetic Acid Chemical Co Ltd (603968) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Nantong Acetic Acid Chemical Co Ltd (2011–2025)
The table below shows the annual net assets of Nantong Acetic Acid Chemical Co Ltd from 2011 to 2025. For live valuation and market cap data, see Nantong Acetic Acid Chemical Co Ltd (603968) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.86 Billion ≈ $272.65 Million |
-2.82% |
| 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 |
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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 450.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.03 Billion | 58.41% |
| Other Components | CN¥735.39 Million | 41.59% |
| Total Equity | CN¥1.77 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 |
|---|---|
|
Ramky Infrastructure Limited
NSE:RAMKY
|
$300.76 Million |
|
Andfjord Salmon AS
OL:ANDF
|
$300.91 Million |
|
Biofarm Bucure
RO:BIO
|
$300.92 Million |
|
Sword Group S.E
PA:SWP
|
$301.02 Million |
|
Wuxi Honghui New Materials Technology Co Ltd
SHE:002802
|
$300.64 Million |
|
Leysen Jewellery Inc
SHG:603900
|
$300.62 Million |
|
Delta Plus Group SA
PA:ALDLT
|
$300.57 Million |
|
Lightbridge Corp
NASDAQ:LTBR
|
$300.53 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 2024 to 2025, total equity changed from 1,825,205,300 to 1,768,239,491, a change of -56,965,809 (-3.1%).
- Net loss of 58,653,643 reduced equity.
- Dividend payments of 18,299,615 reduced retained earnings.
- Other factors increased equity by 19,987,449.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-58.65 Million | -3.32% |
| Dividends Paid | CN¥18.30 Million | -1.03% |
| Other Changes | CN¥19.99 Million | +1.13% |
| Total Change | CN¥- | -3.12% |
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: 1.16x
- 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 3.83x to 1.16x 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¥10.05 | x |
| 2012-12-31 | CN¥2.86 | CN¥10.05 | x |
| 2013-12-31 | CN¥3.08 | CN¥10.05 | x |
| 2014-12-31 | CN¥3.40 | CN¥10.05 | x |
| 2015-12-31 | CN¥5.95 | CN¥10.05 | x |
| 2016-12-31 | CN¥6.16 | CN¥10.05 | x |
| 2017-12-31 | CN¥6.55 | CN¥10.05 | x |
| 2018-12-31 | CN¥7.05 | CN¥10.05 | x |
| 2019-12-31 | CN¥7.69 | CN¥10.05 | x |
| 2020-12-31 | CN¥8.33 | CN¥10.05 | x |
| 2021-12-31 | CN¥8.75 | CN¥10.05 | x |
| 2022-12-31 | CN¥10.23 | CN¥10.05 | x |
| 2023-12-31 | CN¥9.40 | CN¥10.05 | x |
| 2024-12-31 | CN¥8.77 | CN¥10.05 | x |
| 2025-12-31 | CN¥8.65 | CN¥10.05 | 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): -3.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.23%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.86x
- Recent ROE (-3.32%) is below the historical average (10.86%), 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 |
| 2025 | -3.32% | -2.23% | 0.80x | 1.86x | CN¥-235.48 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: $3,134,350,548
- Average return on equity (ROE) among peers: 8.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nantong Acetic Acid Chemical Co Ltd (603968) | CN¥1.85 Billion | 18.11% | 0.80x | $300.71 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $190.36 Million | 11.29% | 0.83x | $374.34 Million |
| Hengyi Petrochemical Co Ltd (000703) | $22.27 Billion | 8.41% | 1.68x | $9.07 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $964.66 Million | 9.99% | 1.51x | $759.54 Million |
| Luxi Chemical Group Co Ltd (000830) | $1.14 Billion | 6.96% | 1.67x | $3.58 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $2.74 Billion | 9.31% | 0.09x | $8.07 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $558.99 Million | 10.59% | 0.58x | $1.17 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $2.03 Billion | 2.67% | 2.54x | $1.29 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $211.24 Million | 7.97% | 2.37x | $691.99 Million |
| Zhejiang Transfar Co Ltd (002010) | $740.36 Million | 11.17% | 0.60x | $1.97 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $490.45 Million | 7.95% | 0.50x | $494.94 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