Zhejiang Jihua Group Co Ltd (603980) - Net Assets
Based on the latest financial reports, Zhejiang Jihua Group Co Ltd (603980) has net assets worth CN¥3.89 Billion CNY (≈ $569.59 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¥4.48 Billion ≈ $656.06 Million USD) and total liabilities (CN¥590.92 Million ≈ $86.47 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 Zhejiang Jihua Group Co Ltd (603980) asset resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore Zhejiang Jihua Group Co Ltd total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Zhejiang Jihua Group Co Ltd (603980) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.93 Billion ≈ $575.14 Million |
+0.77% |
| 2023-12-31 | CN¥3.90 Billion ≈ $570.77 Million |
-7.08% |
| 2022-12-31 | CN¥4.20 Billion ≈ $614.29 Million |
-7.08% |
| 2021-12-31 | CN¥4.52 Billion ≈ $661.12 Million |
+0.33% |
| 2020-12-31 | CN¥4.50 Billion ≈ $658.98 Million |
-2.07% |
| 2019-12-31 | CN¥4.60 Billion ≈ $672.92 Million |
+5.14% |
| 2018-12-31 | CN¥4.37 Billion ≈ $640.05 Million |
+5.96% |
| 2017-12-31 | CN¥4.13 Billion ≈ $604.04 Million |
+80.68% |
| 2016-12-31 | CN¥2.28 Billion ≈ $334.32 Million |
+10.03% |
| 2015-12-31 | CN¥2.08 Billion ≈ $303.84 Million |
+44.63% |
| 2014-12-31 | CN¥1.44 Billion ≈ $210.08 Million |
+87.94% |
| 2013-12-31 | CN¥763.89 Million ≈ $111.78 Million |
+28.10% |
| 2012-12-31 | CN¥596.35 Million ≈ $87.26 Million |
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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 |
|---|---|
|
Beijing Tieke Shougang Railway Tech Co Ltd
SHG:688569
|
$631.96 Million |
|
Nanjing Medlander Medical Technology Co. Ltd. A
SHG:688273
|
$632.01 Million |
|
APG SGA SA
SW:APGN
|
$632.38 Million |
|
Guangdong Qunxing Toys Joint-Stock Co Ltd
SHE:002575
|
$632.40 Million |
|
ECN Capital Corp
TO:ECN
|
$631.79 Million |
|
JuneYao Dairy Co Ltd
SHG:605388
|
$631.78 Million |
|
Shenzhen Riland Industry Co
SHE:300154
|
$631.53 Million |
|
Stingray Group Inc
TO:RAY-A
|
$631.50 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: 1.11x
- 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 6.71x to 1.11x 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¥6.38 | x |
| 2013-12-31 | CN¥1.25 | CN¥6.38 | x |
| 2014-12-31 | CN¥2.34 | CN¥6.38 | x |
| 2015-12-31 | CN¥3.50 | CN¥6.38 | x |
| 2016-12-31 | CN¥3.82 | CN¥6.38 | x |
| 2017-12-31 | CN¥6.30 | CN¥6.38 | x |
| 2018-12-31 | CN¥6.18 | CN¥6.38 | x |
| 2019-12-31 | CN¥6.50 | CN¥6.38 | x |
| 2020-12-31 | CN¥6.38 | CN¥6.38 | x |
| 2021-12-31 | CN¥6.41 | CN¥6.38 | x |
| 2022-12-31 | CN¥5.96 | CN¥6.38 | x |
| 2023-12-31 | CN¥5.49 | CN¥6.38 | x |
| 2024-12-31 | CN¥5.75 | CN¥6.38 | 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: $757,076,135
- Average return on equity (ROE) among peers: 17.07%
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 | $631.89 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $132.89 Million | 13.77% | 0.98x | $508.22 Million |
| Hengyi Petrochemical Co Ltd (000703) | $187.55 Million | -10.77% | 0.62x | $9.61 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.24 Billion | 2.83% | 1.13x | $754.52 Million |
| Luxi Chemical Group Co Ltd (000830) | $2.59 Billion | 8.19% | 3.36x | $4.71 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $92.67 Million | 58.60% | 2.88x | $8.64 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $158.61 Million | 29.32% | 1.96x | $1.21 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $98.99 Million | 29.63% | 2.11x | $1.62 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.77 Billion | 9.55% | 0.33x | $583.32 Million |
| Zhejiang Transfar Co Ltd (002010) | $516.04 Million | 15.39% | 0.20x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $790.80 Million | 14.23% | 1.34x | $604.70 Million |
About 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