Jiangsu Changling Hydraulic Co. Ltd (605389) - Net Assets

Latest as of March 2026: CN¥2.21 Billion CNY ≈ $323.30 Million USD

Based on the latest financial reports, Jiangsu Changling Hydraulic Co. Ltd (605389) has net assets worth CN¥2.21 Billion CNY (≈ $323.30 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¥2.47 Billion ≈ $361.42 Million USD) and total liabilities (CN¥260.48 Million ≈ $38.12 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 Jiangsu Changling Hydraulic Co. Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.21 Billion
% of Total Assets	89.45%
Annual Growth Rate	25.95%
5-Year Change	22.08%
10-Year Change	N/A
Growth Volatility	44.19

Jiangsu Changling Hydraulic Co. Ltd - Net Assets Trend (2016–2025)

This chart illustrates how Jiangsu Changling Hydraulic Co. Ltd's net assets have evolved over time, based on quarterly financial data. See 605389 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Jiangsu Changling Hydraulic Co. Ltd (2016–2025)

The table below shows the annual net assets of Jiangsu Changling Hydraulic Co. Ltd from 2016 to 2025. For live valuation and market cap data, see market cap of Jiangsu Changling Hydraulic Co. Ltd.

Year	Net Assets	Change
2025-12-31	CN¥2.18 Billion ≈ $318.34 Million	+0.99%
2024-12-31	CN¥2.15 Billion ≈ $315.22 Million	-0.45%
2023-12-31	CN¥2.16 Billion ≈ $316.65 Million	+16.93%
2022-12-31	CN¥1.85 Billion ≈ $270.80 Million	+3.85%
2021-12-31	CN¥1.78 Billion ≈ $260.75 Million	+149.28%
2020-12-31	CN¥714.84 Million ≈ $104.60 Million	+32.85%
2019-12-31	CN¥538.08 Million ≈ $78.74 Million	+47.20%
2018-12-31	CN¥365.53 Million ≈ $53.49 Million	+19.78%
2017-12-31	CN¥305.16 Million ≈ $44.65 Million	+11.85%
2016-12-31	CN¥272.83 Million ≈ $39.92 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Jiangsu Changling Hydraulic 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 156.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥663.28 Million	31.54%
Other Components	CN¥1.44 Billion	68.46%
Total Equity	CN¥2.10 Billion	100.00%

Jiangsu Changling Hydraulic Co. Ltd Competitors by Market Cap

The table below lists competitors of Jiangsu Changling Hydraulic Co. Ltd ranked by their market capitalization.

Company	Market Cap
Euronet Worldwide Inc NASDAQ:EEFT	$2.51 Billion
Viva Energy Group Ltd AU:VEA	$2.51 Billion
Electra Ltd TA:ELTR	$2.51 Billion
Jinfu Technology Co Ltd SHE:003018	$2.51 Billion
Azelis Group NV BR:AZE	$2.50 Billion
Chang Wah Technology Co Ltd TWO:6548	$2.50 Billion
Shanghai Tunnel Engineering Co Ltd SHG:600820	$2.50 Billion
Bird Construction Inc. TO:BDT	$2.50 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Jiangsu Changling Hydraulic Co. Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,097,288,801 to 2,103,172,949, a change of 5,884,148 (0.3%).
Net income of 126,230,324 contributed positively to equity growth.
Dividend payments of 103,931,584 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥126.23 Million	+6.0%
Dividends Paid	CN¥103.93 Million	-4.94%
Other Changes	CN¥-16.41 Million	-0.78%
Total Change	CN¥-	0.28%

Book Value vs Market Value Analysis

This analysis compares Jiangsu Changling Hydraulic 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: 8.14x
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 increased from 4.69x to 8.14x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	CN¥19.49	CN¥91.42	x
2017-12-31	CN¥21.80	CN¥91.42	x
2018-12-31	CN¥3.73	CN¥91.42	x
2019-12-31	CN¥5.27	CN¥91.42	x
2020-12-31	CN¥6.99	CN¥91.42	x
2021-12-31	CN¥13.97	CN¥91.42	x
2022-12-31	CN¥13.54	CN¥91.42	x
2023-12-31	CN¥14.64	CN¥91.42	x
2024-12-31	CN¥14.61	CN¥91.42	x
2025-12-31	CN¥11.23	CN¥91.42	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Jiangsu Changling Hydraulic 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): 6.00%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.75%
• Asset Turnover: 0.43x
• Equity Multiplier: 1.18x
Recent ROE (6.00%) is below the historical average (17.32%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	6.31%	12.63%	0.34x	1.47x	CN¥-10.06 Million
2017	25.18%	23.62%	0.70x	1.52x	CN¥46.33 Million
2018	43.64%	28.56%	1.07x	1.43x	CN¥122.96 Million
2019	31.60%	27.87%	0.88x	1.29x	CN¥116.21 Million
2020	32.99%	27.20%	0.84x	1.44x	CN¥164.37 Million
2021	11.31%	22.23%	0.44x	1.15x	CN¥23.32 Million
2022	6.87%	14.18%	0.44x	1.11x	CN¥-57.93 Million
2023	4.82%	12.61%	0.32x	1.20x	CN¥-109.32 Million
2024	4.52%	10.72%	0.37x	1.15x	CN¥-115.00 Million
2025	6.00%	11.75%	0.43x	1.18x	CN¥-84.09 Million

Industry Comparison

This section compares Jiangsu Changling Hydraulic Co. Ltd's net assets metrics with peer companies in the Tools & Accessories industry.

Industry Context

Industry: Tools & Accessories
Average net assets among peers: $2,548,072,522
Average return on equity (ROE) among peers: 4.05%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Jiangsu Changling Hydraulic Co. Ltd (605389)	CN¥2.21 Billion	6.31%	0.12x	$2.51 Billion
Bosun Tools Co Ltd (002282)	$2.74 Billion	4.85%	0.27x	$451.77 Million
Ningbo Ligong Online Monitoring Technology Co Ltd (002322)	$944.80 Million	8.52%	0.08x	$569.24 Million
Tianjin Saixiang Technology Co Ltd (002337)	$1.26 Billion	4.09%	0.45x	$416.02 Million
Hangzhou Great Star Industrial Co Ltd (002444)	$13.62 Billion	10.42%	0.36x	$5.17 Billion
Geron Co Ltd (002722)	$351.29 Million	13.74%	0.83x	$408.38 Million
Zhejiang Zhongjian Technology Co Ltd (002779)	$743.83 Million	8.69%	0.52x	$2.24 Billion
Guangdong Kinlong Hardware Products Co Ltd (002791)	$2.50 Billion	10.12%	0.23x	$729.64 Million
Shenzhen Kaizhong Precision Technology Co Ltd (002823)	$1.33 Billion	0.96%	1.66x	$807.73 Million
Bichamp Cutting Technology Hunan Co Ltd (002843)	$1.51 Billion	8.83%	0.79x	$817.42 Million
Wafangdian Bearing Co Ltd (200706)	$470.30 Million	-29.75%	6.07x	$143.90 Million

About Jiangsu Changling Hydraulic Co. Ltd

SHG:605389 China Tools & Accessories

Market Cap

$2.51 Billion

CN¥17.12 Billion CNY

Market Cap Rank

#5599 Global

#1111 in China

Share Price

CN¥91.42

Change (1 day)

+3.90%

52-Week Range

CN¥36.09 - CN¥126.78

All Time High

CN¥126.78