Jiangxi Jovo Energy Co. Ltd (605090) - Net Assets
Based on the latest financial reports, Jiangxi Jovo Energy Co. Ltd (605090) has net assets worth CN¥10.26 Billion CNY (≈ $1.50 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥15.92 Billion ≈ $2.33 Billion USD) and total liabilities (CN¥5.66 Billion ≈ $827.68 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 605090 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.26 Billion |
| % of Total Assets | 64.47% |
| Annual Growth Rate | 39.23% |
| 5-Year Change | 257.18% |
| 10-Year Change | N/A |
| Growth Volatility | 42.4 |
Jiangxi Jovo Energy Co. Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Jiangxi Jovo Energy Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Jiangxi Jovo Energy Co. Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Jiangxi Jovo Energy Co. Ltd (2015–2024)
The table below shows the annual net assets of Jiangxi Jovo Energy Co. Ltd from 2015 to 2024. For live valuation and market cap data, see Jiangxi Jovo Energy Co. Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.61 Billion ≈ $1.41 Billion |
+17.90% |
| 2023-12-31 | CN¥8.15 Billion ≈ $1.19 Billion |
+13.55% |
| 2022-12-31 | CN¥7.18 Billion ≈ $1.05 Billion |
+21.21% |
| 2021-12-31 | CN¥5.92 Billion ≈ $866.98 Million |
+120.11% |
| 2020-12-31 | CN¥2.69 Billion ≈ $393.88 Million |
+25.09% |
| 2019-12-31 | CN¥2.15 Billion ≈ $314.88 Million |
+20.90% |
| 2018-12-31 | CN¥1.78 Billion ≈ $260.44 Million |
+0.81% |
| 2017-12-31 | CN¥1.77 Billion ≈ $258.34 Million |
+113.93% |
| 2016-12-31 | CN¥825.27 Million ≈ $120.76 Million |
+68.92% |
| 2015-12-31 | CN¥488.57 Million ≈ $71.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangxi Jovo Energy 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 493744932956.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.90 Billion | 52.93% |
| Other Components | CN¥4.36 Billion | 47.07% |
| Total Equity | CN¥9.26 Billion | 100.00% |
Jiangxi Jovo Energy Co. Ltd Competitors by Market Cap
The table below lists competitors of Jiangxi Jovo Energy Co. Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Pacific Quartz Co Ltd
SHG:603688
|
$4.56 Billion |
|
Liberty Broadband Srs C
NASDAQ:LBRDK
|
$4.56 Billion |
|
Meritage Corporation
NYSE:MTH
|
$4.57 Billion |
|
Hangzhou Binjiang Real Estate Group Co Ltd
SHE:002244
|
$4.57 Billion |
|
China First Heavy Industries
SHG:601106
|
$4.56 Billion |
|
AAC Technologies Holdings Inc
F:A2XN
|
$4.56 Billion |
|
Western Gold Co Ltd
SHG:601069
|
$4.56 Billion |
|
Georg Fischer AG
SW:GF
|
$4.55 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangxi Jovo Energy Co. Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,775,126,352 to 9,256,824,559, a change of 1,481,698,208 (19.1%).
- Net income of 1,683,682,320 contributed positively to equity growth.
- Dividend payments of 566,930,324 reduced retained earnings.
- Other factors increased equity by 364,946,212.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.68 Billion | +18.19% |
| Dividends Paid | CN¥566.93 Million | -6.12% |
| Other Changes | CN¥364.95 Million | +3.94% |
| Total Change | CN¥- | 19.06% |
Book Value vs Market Value Analysis
This analysis compares Jiangxi Jovo Energy 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: 3.12x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 122.97x to 3.12x 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¥0.36 | CN¥44.84 | x |
| 2016-12-31 | CN¥0.97 | CN¥44.84 | x |
| 2017-12-31 | CN¥3.16 | CN¥44.84 | x |
| 2018-12-31 | CN¥3.17 | CN¥44.84 | x |
| 2019-12-31 | CN¥3.94 | CN¥44.84 | x |
| 2020-12-31 | CN¥4.98 | CN¥44.84 | x |
| 2021-12-31 | CN¥10.09 | CN¥44.84 | x |
| 2022-12-31 | CN¥11.21 | CN¥44.84 | x |
| 2023-12-31 | CN¥12.36 | CN¥44.84 | x |
| 2024-12-31 | CN¥14.36 | CN¥44.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangxi Jovo Energy 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): 18.19%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.64%
- • Asset Turnover: 1.45x
- • Equity Multiplier: 1.64x
- Recent ROE (18.19%) is below the historical average (31.99%), 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 | 122.68% | 2.84% | 2.54x | 16.96x | CN¥209.11 Million |
| 2016 | 56.18% | 3.71% | 2.44x | 6.20x | CN¥227.88 Million |
| 2017 | 19.68% | 3.03% | 2.63x | 2.47x | CN¥155.49 Million |
| 2018 | 10.82% | 1.52% | 2.97x | 2.40x | CN¥13.15 Million |
| 2019 | 18.50% | 3.66% | 2.89x | 1.75x | CN¥168.51 Million |
| 2020 | 30.55% | 8.61% | 2.05x | 1.73x | CN¥516.33 Million |
| 2021 | 10.80% | 3.35% | 2.39x | 1.35x | CN¥45.93 Million |
| 2022 | 15.70% | 4.55% | 2.12x | 1.63x | CN¥395.75 Million |
| 2023 | 16.80% | 4.92% | 1.84x | 1.85x | CN¥528.38 Million |
| 2024 | 18.19% | 7.64% | 1.45x | 1.64x | CN¥758.00 Million |
Industry Comparison
This section compares Jiangxi Jovo Energy Co. Ltd's net assets metrics with peer companies in the Oil & Gas Midstream industry.
Industry Context
- Industry: Oil & Gas Midstream
- Average net assets among peers: $8,585,002,659
- Average return on equity (ROE) among peers: 9.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangxi Jovo Energy Co. Ltd (605090) | CN¥10.26 Billion | 122.68% | 0.55x | $4.56 Billion |
| Shaanxi Provincial Natural Gas Co Ltd (002267) | $440.80 Million | 28.20% | 3.39x | $1.32 Billion |
| Zhuhai Winbase International Chemical Tank Terminal Co Ltd (002492) | $893.88 Million | 4.96% | 0.38x | $474.71 Million |
| COSCO Shipping Energy Transportation Co Ltd (600026) | $33.57 Billion | 4.35% | 1.03x | $13.62 Billion |
| Shanxi Guoxin Energy Co Ltd A (600617) | $291.02 Million | 7.15% | 0.63x | $935.34 Million |
| China Merchants Energy Shipping Co Ltd (601872) | $25.75 Billion | 6.26% | 1.13x | $22.02 Billion |
| Nanjing Tanker Corp (601975) | $1.14 Billion | 13.75% | 0.29x | $3.21 Billion |
| Anhui Province Natural Gas Development Co Ltd (603689) | $2.27 Billion | 7.78% | 0.39x | $651.20 Million |
| Shanxi Guoxin Energy Co Ltd B (900913) | $4.33 Billion | 0.80% | 5.82x | $32.42 Million |
About Jiangxi Jovo Energy Co. Ltd
Jiangxi Jovo Energy Co., Ltd provides clean energy integrated service for gas industries in China and internationally. The company operates through three segments: Clean Energy, Energy Services, and Special Gases. The company is involved in procurement and sale of liquefied petroleum gas, natural gas, and chemical products such as dimethyl ether, polyethylene, polyvinyl chloride, heavy hydrocarbo… Read more