Jiangsu Safety Wire Rope
Jiangsu Safety Group Co.,Ltd. engages in the research, development, production, and sales of wire ropes and rigging for elevators and cranes in China and internationally. The company offers elevator wire ropes, such as low-, mid-, and high-rise traction, as well as governor, compensating, and door closing ropes; and crane wire ropes, including rotation resistant, round strand, compacted strand, s… Read more
Jiangsu Safety Wire Rope (603028) - Total Assets
Latest total assets as of September 2025: CN¥2.78 Billion CNY
Based on the latest financial reports, Jiangsu Safety Wire Rope (603028) holds total assets worth CN¥2.78 Billion CNY as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Jiangsu Safety Wire Rope - Total Assets Trend (2011–2024)
This chart illustrates how Jiangsu Safety Wire Rope’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Jiangsu Safety Wire Rope - Asset Composition Analysis
Current Asset Composition (December 2024)
Jiangsu Safety Wire Rope's total assets of CN¥2.78 Billion consist of 35.8% current assets and 64.2% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 7.4% |
| Accounts Receivable | CN¥404.08 Million | 16.5% |
| Inventory | CN¥210.97 Million | 8.6% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥41.04 Million | 1.7% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2011–2024)
This chart illustrates how Jiangsu Safety Wire Rope's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Jiangsu Safety Wire Rope's current assets represent 35.8% of total assets in 2024, a decrease from 68.2% in 2011.
- Cash Position: Cash and equivalents constituted 7.4% of total assets in 2024, down from 27.4% in 2011.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, a decrease from 2.0% in 2011.
- Asset Diversification: The largest asset category is accounts receivable at 16.5% of total assets.
Jiangsu Safety Wire Rope Competitors by Total Assets
Key competitors of Jiangsu Safety Wire Rope based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
365330
KQ:365330
|
Korea | ₩83.64 Billion |
|
CITIC Pacific Special Steel Group Co Ltd
SHE:000708
|
China | CN¥110.74 Billion |
|
HBIS Co Ltd
SHE:000709
|
China | CN¥271.74 Billion |
|
Sgis Songshan Co Ltd
SHE:000717
|
China | CN¥20.01 Billion |
|
Bengang Steel Plates Co Ltd
SHE:000761
|
China | CN¥46.73 Billion |
|
Xinxing Ductile Iron Pipes Co Ltd
SHE:000778
|
China | CN¥53.95 Billion |
|
Shanxi Taigang Stainless Steel Co Ltd
SHE:000825
|
China | CN¥66.23 Billion |
|
Jiangsu Fasten Co Ltd
SHE:000890
|
China | CN¥985.65 Million |
Jiangsu Safety Wire Rope - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Moderate asset utilization - Jiangsu Safety Wire Rope generates 0.51x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Negative ROA - Jiangsu Safety Wire Rope is currently not profitable relative to its asset base.
Jiangsu Safety Wire Rope - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 0.69 | 0.75 | 1.55 |
| Quick Ratio | 0.56 | 0.54 | 1.09 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥-555.57 Million | CN¥ -319.39 Million | CN¥ 183.52 Million |
Jiangsu Safety Wire Rope - Advanced Valuation Insights
This section examines the relationship between Jiangsu Safety Wire Rope's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.54 |
| Latest Market Cap to Assets Ratio | 0.09 |
| Asset Growth Rate (YoY) | 4.0% |
| Total Assets | CN¥2.44 Billion |
| Market Capitalization | $223.69 Million USD |
Valuation Analysis
Below Book Valuation: The market values Jiangsu Safety Wire Rope's assets below their book value (0.09 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Jiangsu Safety Wire Rope's assets grew by 4.0% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Jiangsu Safety Wire Rope (2011–2024)
The table below shows the annual total assets of Jiangsu Safety Wire Rope from 2011 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.44 Billion | +3.96% |
| 2023-12-31 | CN¥2.35 Billion | +94.53% |
| 2022-12-31 | CN¥1.21 Billion | -7.71% |
| 2021-12-31 | CN¥1.31 Billion | +11.95% |
| 2020-12-31 | CN¥1.17 Billion | +33.20% |
| 2019-12-31 | CN¥878.32 Million | -9.07% |
| 2018-12-31 | CN¥965.95 Million | +0.51% |
| 2017-12-31 | CN¥961.09 Million | +8.87% |
| 2016-12-31 | CN¥882.80 Million | +15.42% |
| 2015-12-31 | CN¥764.84 Million | +5.21% |
| 2014-12-31 | CN¥726.97 Million | +13.13% |
| 2013-12-31 | CN¥642.57 Million | +6.00% |
| 2012-12-31 | CN¥606.21 Million | -0.71% |
| 2011-12-31 | CN¥610.54 Million | -- |