Jinan Acetate Chemical Co Ltd
Jinan Acetate Chemical Co., Ltd., together with its subsidiaries, engages in the research and development, production, and sale of cellulose acetate, acetate tows, acetic anhydride, diacetate fiber filament, diacetate fiber tow, and other related products in Asia, Europe, America, and Africa. The company also engages in investment activities. Its products are used in cigarette filters, fountain p… Read more
Jinan Acetate Chemical Co Ltd (4763) - Net Assets
Latest net assets as of September 2025: NT$17.97 Billion TWD
Based on the latest financial reports, Jinan Acetate Chemical Co Ltd (4763) has net assets worth NT$17.97 Billion TWD as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (NT$20.03 Billion) and total liabilities (NT$2.06 Billion). 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 | NT$17.97 Billion |
| % of Total Assets | 89.73% |
| Annual Growth Rate | 37.16% |
| 5-Year Change | 919.56% |
| 10-Year Change | 1087.3% |
| Growth Volatility | 57.91 |
Jinan Acetate Chemical Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Jinan Acetate Chemical 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 Jinan Acetate Chemical Co Ltd (2012–2024)
The table below shows the annual net assets of Jinan Acetate Chemical Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | NT$16.40 Billion | +58.86% |
| 2023-12-31 | NT$10.32 Billion | +182.62% |
| 2022-12-31 | NT$3.65 Billion | +123.05% |
| 2021-12-31 | NT$1.64 Billion | +1.81% |
| 2020-12-31 | NT$1.61 Billion | +17.17% |
| 2019-12-31 | NT$1.37 Billion | +6.29% |
| 2018-12-31 | NT$1.29 Billion | -6.09% |
| 2017-12-31 | NT$1.38 Billion | +0.49% |
| 2016-12-31 | NT$1.37 Billion | -0.92% |
| 2015-12-31 | NT$1.38 Billion | +90.22% |
| 2014-12-31 | NT$726.10 Million | +76.91% |
| 2013-12-31 | NT$410.43 Million | +10.98% |
| 2012-12-31 | NT$369.84 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Jinan Acetate Chemical 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 994943300000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | NT$9.90 Billion | 61.05% |
| Common Stock | NT$989.15 Million | 6.10% |
| Other Components | NT$5.33 Billion | 32.86% |
| Total Equity | NT$16.22 Billion | 100.00% |
Jinan Acetate Chemical Co Ltd Competitors by Market Cap
The table below lists competitors of Jinan Acetate Chemical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bona Film Group Co Ltd
SHE:001330
|
$822.68 Million |
|
Celltrion Pharm Inc
KQ:068760
|
$823.02 Million |
|
Shanghai Feilo Acoustics Co Ltd
SHG:600651
|
$823.44 Million |
|
BrightView Holdings
NYSE:BV
|
$823.77 Million |
|
Kiatnakin Bank Public Company. Ltd
OTCGREY:KNFSF
|
$822.43 Million |
|
Tianneng Battery Group Co Ltd
SHG:688819
|
$821.98 Million |
|
SRG Global Ltd
AU:SRG
|
$821.55 Million |
|
Viglacera Corp JSC
VN:VGC
|
$821.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jinan Acetate Chemical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 10,199,147,000 to 16,221,605,000, a change of 6,022,458,000 (59.0%).
- Net income of 8,337,922,000 contributed positively to equity growth.
- Dividend payments of 558,376,000 reduced retained earnings.
- New share issuances of 12,462,000 increased equity.
- Other comprehensive income decreased equity by 1,522,082,000.
- Other factors decreased equity by 247,468,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | NT$8.34 Billion | +51.4% |
| Dividends Paid | NT$558.38 Million | -3.44% |
| Share Issuances | NT$12.46 Million | +0.08% |
| Other Comprehensive Income | NT$-1.52 Billion | -9.38% |
| Other Changes | NT$-247.47 Million | -1.53% |
| Total Change | NT$- | 59.05% |
Book Value vs Market Value Analysis
This analysis compares Jinan Acetate Chemical 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: 0.29x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 7.69x to 0.29x 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 | NT$6.13 | NT$47.15 | x |
| 2013-12-31 | NT$6.97 | NT$47.15 | x |
| 2014-12-31 | NT$12.03 | NT$47.15 | x |
| 2015-12-31 | NT$22.42 | NT$47.15 | x |
| 2016-12-31 | NT$19.32 | NT$47.15 | x |
| 2017-12-31 | NT$18.45 | NT$47.15 | x |
| 2018-12-31 | NT$16.21 | NT$47.15 | x |
| 2019-12-31 | NT$17.40 | NT$47.15 | x |
| 2020-12-31 | NT$20.33 | NT$47.15 | x |
| 2021-12-31 | NT$19.35 | NT$47.15 | x |
| 2022-12-31 | NT$41.69 | NT$47.15 | x |
| 2023-12-31 | NT$122.38 | NT$47.15 | x |
| 2024-12-31 | NT$163.96 | NT$47.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jinan Acetate Chemical Co Ltd utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 51.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 53.06%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.29x
- Recent ROE (51.40%) is above the historical average (27.03%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 6.19% | 4.30% | 0.99x | 1.46x | NT$-14.08 Million |
| 2013 | 19.39% | 9.94% | 1.25x | 1.56x | NT$38.55 Million |
| 2014 | 30.85% | 16.28% | 1.35x | 1.40x | NT$151.43 Million |
| 2015 | 19.17% | 18.40% | 0.77x | 1.35x | NT$126.66 Million |
| 2016 | 21.69% | 18.09% | 0.99x | 1.21x | NT$154.58 Million |
| 2017 | 13.62% | 9.84% | 0.72x | 1.93x | NT$45.76 Million |
| 2018 | 19.04% | 12.94% | 0.75x | 1.96x | NT$106.88 Million |
| 2019 | 26.18% | 15.16% | 0.84x | 2.05x | NT$203.75 Million |
| 2020 | 33.88% | 21.44% | 0.76x | 2.09x | NT$355.63 Million |
| 2021 | 23.57% | 13.17% | 0.75x | 2.40x | NT$205.81 Million |
| 2022 | 35.66% | 29.27% | 0.79x | 1.54x | NT$899.31 Million |
| 2023 | 50.75% | 46.94% | 0.92x | 1.18x | NT$4.16 Billion |
| 2024 | 51.40% | 53.06% | 0.75x | 1.29x | NT$6.72 Billion |
Industry Comparison
This section compares Jinan Acetate Chemical Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $54,327,371,400
- Average return on equity (ROE) among peers: 3.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jinan Acetate Chemical Co Ltd (4763) | NT$17.97 Billion | 6.19% | 0.11x | $822.56 Million |
| Formosa Plastics Corp (1301) | $150.46 Billion | 22.06% | 0.63x | $5.93 Billion |
| Nan Ya Plastics Corp (1303) | $263.60 Billion | 18.02% | 0.64x | $13.47 Billion |
| USI Corp (1304) | $19.91 Billion | 0.37% | 1.14x | $220.01 Million |
| China General Plastics Corp (1305) | $4.97 Billion | 0.94% | 1.40x | $160.91 Million |
| Asia Polymer Corp (1308) | $14.22 Billion | 10.18% | 0.15x | $155.31 Million |
| Taita Chemical Co Ltd (1309) | $3.38 Billion | 2.00% | 1.73x | $112.55 Million |
| China Petrochemical Development Corp (1314) | $67.19 Billion | 2.59% | 0.44x | $904.74 Million |
| Ocean Plastics Co Ltd (1321) | $5.11 Billion | -2.49% | 0.71x | $169.45 Million |
| Asia Plastic Recycling Holding Ltd (1337) | $5.79 Billion | -22.96% | 0.13x | $41.93 Million |
| Everlight Chemical Industrial Corp (1711) | $8.66 Billion | 0.99% | 0.49x | $317.86 Million |