Zhejiang Jihua Group Co Ltd
Zhejiang Jihua Group Co., Ltd. operates in the dyestuff industry. The company produces and sells disperse, reactive, ECO series dyes, direct, and high sunlight HLF series dyes. It also provides kun, non-stick, ceramic, and high temperature resistant coatings; polyurethane products; and pharmaceutical health care products. It also exports its products. The company was founded in 2003 and is headqu… Read more
Zhejiang Jihua Group Co Ltd (603980) - Net Assets
Latest net assets as of September 2025: CN¥3.89 Billion CNY
Based on the latest financial reports, Zhejiang Jihua Group Co Ltd (603980) has net assets worth CN¥3.89 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.48 Billion) and total liabilities (CN¥590.92 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.89 Billion |
| % of Total Assets | 86.82% |
| Annual Growth Rate | 17.02% |
| 5-Year Change | -12.72% |
| 10-Year Change | 89.29% |
| Growth Volatility | 31.88 |
Zhejiang Jihua Group Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Zhejiang Jihua Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Jihua Group Co Ltd (2012–2024)
The table below shows the annual net assets of Zhejiang Jihua Group Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.93 Billion | +0.77% |
| 2023-12-31 | CN¥3.90 Billion | -7.08% |
| 2022-12-31 | CN¥4.20 Billion | -7.08% |
| 2021-12-31 | CN¥4.52 Billion | +0.33% |
| 2020-12-31 | CN¥4.50 Billion | -2.07% |
| 2019-12-31 | CN¥4.60 Billion | +5.14% |
| 2018-12-31 | CN¥4.37 Billion | +5.96% |
| 2017-12-31 | CN¥4.13 Billion | +80.68% |
| 2016-12-31 | CN¥2.28 Billion | +10.03% |
| 2015-12-31 | CN¥2.08 Billion | +44.63% |
| 2014-12-31 | CN¥1.44 Billion | +87.94% |
| 2013-12-31 | CN¥763.89 Million | +28.10% |
| 2012-12-31 | CN¥596.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Jihua Group 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 742.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.80 Billion | 45.88% |
| Common Stock | CN¥676.83 Million | 17.28% |
| Other Comprehensive Income | CN¥362.70 Million | 9.26% |
| Other Components | CN¥1.08 Billion | 27.57% |
| Total Equity | CN¥3.92 Billion | 100.00% |
Zhejiang Jihua Group Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Jihua Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jenkem Technology Co Ltd
SHG:688356
|
$417.34 Million |
|
Marimekko Oyj
PINK:MKKOF
|
$417.61 Million |
|
AlzChem Group AG
PINK:ALZCF
|
$417.65 Million |
|
Jastrzebska Spotka Weglowa SA
WAR:JSW
|
$417.73 Million |
|
Shinyoung Securities Co. Ltd.
KO:001720
|
$417.22 Million |
|
O-Bank Co Ltd
TW:2897
|
$417.14 Million |
|
Manitowoc Company Inc
NYSE:MTW
|
$416.96 Million |
|
Gudang Garam Tbk
JK:GGRM
|
$416.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Jihua Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,887,126,747 to 3,916,356,188, a change of 29,229,441 (0.8%).
- Net income of 170,316,109 contributed positively to equity growth.
- Dividend payments of 48,302,964 reduced retained earnings.
- Share repurchases of 87,003,993 reduced equity.
- Other comprehensive income increased equity by 360,682,699.
- Other factors decreased equity by 366,462,410.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥170.32 Million | +4.35% |
| Dividends Paid | CN¥48.30 Million | -1.23% |
| Share Repurchases | CN¥87.00 Million | -2.22% |
| Other Comprehensive Income | CN¥360.68 Million | +9.21% |
| Other Changes | CN¥-366.46 Million | -9.36% |
| Total Change | CN¥- | 0.75% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Jihua Group 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: 1.28x
- 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 7.76x to 1.28x 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¥0.95 | CN¥7.38 | x |
| 2013-12-31 | CN¥1.25 | CN¥7.38 | x |
| 2014-12-31 | CN¥2.34 | CN¥7.38 | x |
| 2015-12-31 | CN¥3.50 | CN¥7.38 | x |
| 2016-12-31 | CN¥3.82 | CN¥7.38 | x |
| 2017-12-31 | CN¥6.30 | CN¥7.38 | x |
| 2018-12-31 | CN¥6.18 | CN¥7.38 | x |
| 2019-12-31 | CN¥6.50 | CN¥7.38 | x |
| 2020-12-31 | CN¥6.38 | CN¥7.38 | x |
| 2021-12-31 | CN¥6.41 | CN¥7.38 | x |
| 2022-12-31 | CN¥5.96 | CN¥7.38 | x |
| 2023-12-31 | CN¥5.49 | CN¥7.38 | x |
| 2024-12-31 | CN¥5.75 | CN¥7.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Jihua Group 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): 4.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.40%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.19x
- Recent ROE (4.35%) is below the historical average (16.08%), 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 | 23.66% | 6.86% | 0.89x | 3.90x | CN¥72.65 Million |
| 2013 | 32.34% | 11.81% | 0.81x | 3.37x | CN¥156.07 Million |
| 2014 | 64.13% | 28.45% | 1.18x | 1.92x | CN¥708.16 Million |
| 2015 | 34.12% | 22.92% | 1.11x | 1.34x | CN¥472.48 Million |
| 2016 | 17.85% | 17.70% | 0.72x | 1.40x | CN¥168.16 Million |
| 2017 | 10.01% | 16.18% | 0.51x | 1.20x | CN¥309.77K |
| 2018 | 16.18% | 24.11% | 0.58x | 1.16x | CN¥268.54 Million |
| 2019 | 9.54% | 16.49% | 0.48x | 1.20x | CN¥-20.79 Million |
| 2020 | 5.16% | 12.58% | 0.34x | 1.21x | CN¥-216.10 Million |
| 2021 | 3.04% | 6.05% | 0.42x | 1.20x | CN¥-312.36 Million |
| 2022 | -5.12% | -11.07% | 0.37x | 1.26x | CN¥-631.28 Million |
| 2023 | -6.20% | -14.24% | 0.37x | 1.17x | CN¥-629.56 Million |
| 2024 | 4.35% | 10.40% | 0.35x | 1.19x | CN¥-221.32 Million |
Industry Comparison
This section compares Zhejiang Jihua Group Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Jihua Group Co Ltd (603980) | CN¥3.89 Billion | 23.66% | 0.15x | $417.31 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |