Jiangsu Changling Hydraulic Co. Ltd (605389) - Net Assets
Based on the latest financial reports, Jiangsu Changling Hydraulic Co. Ltd (605389) has net assets worth CN¥2.17 Billion CNY (≈ $317.83 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¥2.43 Billion ≈ $355.90 Million USD) and total liabilities (CN¥260.17 Million ≈ $38.07 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 liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.17 Billion |
| % of Total Assets | 89.3% |
| Annual Growth Rate | 29.47% |
| 5-Year Change | 201.35% |
| 10-Year Change | N/A |
| Growth Volatility | 45.46 |
Jiangsu Changling Hydraulic Co. Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Jiangsu Changling Hydraulic Co. Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Jiangsu Changling Hydraulic Co. Ltd's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Changling Hydraulic Co. Ltd (2016–2024)
The table below shows the annual net assets of Jiangsu Changling Hydraulic Co. Ltd from 2016 to 2024. For live valuation and market cap data, see market cap of Jiangsu Changling Hydraulic Co. Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 147.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥640.79 Million | 30.55% |
| Common Stock | CN¥144.09 Million | 6.87% |
| Other Components | CN¥1.31 Billion | 62.58% |
| 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 |
|---|---|
|
CN LGY.PWR.GR.UNSP.ADR/10
F:6WX0
|
$2.58 Billion |
|
Zhejiang Weixing New Building Materials Co Ltd
SHE:002372
|
$2.58 Billion |
|
IKD Co Ltd Class A
SHG:600933
|
$2.58 Billion |
|
Luoyang Xinqianglian Slewing Bearin
SHE:300850
|
$2.58 Billion |
|
Koninklijke BAM Groep NV
AS:BAMNB
|
$2.58 Billion |
|
MAG Silver Corp
TO:MAG
|
$2.58 Billion |
|
First Merchants Corporation
NASDAQ:FRME
|
$2.58 Billion |
|
CleanSpark Inc
NASDAQ:CLSK
|
$2.58 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 2023 to 2024, total equity changed from 2,110,155,020 to 2,097,288,801, a change of -12,866,219 (-0.6%).
- Net income of 94,733,402 contributed positively to equity growth.
- Dividend payments of 108,145,290 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥94.73 Million | +4.52% |
| Dividends Paid | CN¥108.15 Million | -5.16% |
| Other Changes | CN¥545.67K | +0.03% |
| Total Change | CN¥- | -0.61% |
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: 8.40x
- 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 43.92x to 8.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥2.79 | CN¥122.34 | x |
| 2017-12-31 | CN¥3.12 | CN¥122.34 | x |
| 2018-12-31 | CN¥3.73 | CN¥122.34 | x |
| 2019-12-31 | CN¥5.36 | CN¥122.34 | x |
| 2020-12-31 | CN¥7.01 | CN¥122.34 | x |
| 2021-12-31 | CN¥13.08 | CN¥122.34 | x |
| 2022-12-31 | CN¥13.58 | CN¥122.34 | x |
| 2023-12-31 | CN¥15.15 | CN¥122.34 | x |
| 2024-12-31 | CN¥14.56 | CN¥122.34 | 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): 4.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.72%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.15x
- Recent ROE (4.52%) is below the historical average (18.58%), 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 |
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: $1,036,696,527
- Average return on equity (ROE) among peers: 9.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Changling Hydraulic Co. Ltd (605389) | CN¥2.17 Billion | 6.31% | 0.12x | $2.58 Billion |
| Bosun Tools Co Ltd (002282) | $789.43 Million | 8.50% | 0.10x | $536.57 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $2.98 Billion | 10.46% | 0.26x | $667.99 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.20 Billion | 3.09% | 0.32x | $544.36 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $252.80 Million | 25.85% | 2.16x | $6.05 Billion |
| Geron Co Ltd (002722) | $556.17 Million | 6.10% | 0.33x | $509.90 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $322.81 Million | 17.67% | 0.50x | $2.08 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $3.16 Billion | 13.90% | 0.57x | $956.98 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $248.85 Million | 24.74% | 0.80x | $780.34 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $382.63 Million | 10.71% | 0.29x | $1.02 Billion |
| Wafangdian Bearing Co Ltd (200706) | $470.30 Million | -29.75% | 6.07x | $143.90 Million |
About Jiangsu Changling Hydraulic Co. Ltd
Jiangsu Changling Hydraulic Co.,Ltd researches and develops, produces, and sells hydraulic components in China and internationally. The company offers slewing drives, central turning joints, tensioning devices, springs and valves, hydraulic central rotary joint, adjuster cylinder, pin bushing, etc. Its products are used in the industry of construction machinery, mining machinery, offshore operati… Read more