Ningbo Kangqiang Electronics Co Ltd (002119) - Net Assets
Based on the latest financial reports, Ningbo Kangqiang Electronics Co Ltd (002119) has net assets worth CN¥1.45 Billion CNY (≈ $212.53 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¥2.54 Billion ≈ $372.20 Million USD) and total liabilities (CN¥1.09 Billion ≈ $159.67 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 002119 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.45 Billion |
| % of Total Assets | 57.1% |
| Annual Growth Rate | 12.85% |
| 5-Year Change | 40.78% |
| 10-Year Change | 94.36% |
| Growth Volatility | 42.93 |
Ningbo Kangqiang Electronics Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Ningbo Kangqiang Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002119 total assets for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Kangqiang Electronics Co Ltd (2003–2024)
The table below shows the annual net assets of Ningbo Kangqiang Electronics Co Ltd from 2003 to 2024. For live valuation and market cap data, see Ningbo Kangqiang Electronics Co Ltd (002119) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.37 Billion ≈ $200.07 Million |
+5.55% |
| 2023-12-31 | CN¥1.30 Billion ≈ $189.54 Million |
+5.66% |
| 2022-12-31 | CN¥1.23 Billion ≈ $179.39 Million |
+7.28% |
| 2021-12-31 | CN¥1.14 Billion ≈ $167.22 Million |
+17.66% |
| 2020-12-31 | CN¥971.20 Million ≈ $142.12 Million |
+8.80% |
| 2019-12-31 | CN¥892.65 Million ≈ $130.62 Million |
+10.24% |
| 2018-12-31 | CN¥809.71 Million ≈ $118.49 Million |
+0.14% |
| 2017-12-31 | CN¥808.58 Million ≈ $118.32 Million |
+7.18% |
| 2016-12-31 | CN¥754.44 Million ≈ $110.40 Million |
+7.25% |
| 2015-12-31 | CN¥703.43 Million ≈ $102.93 Million |
-7.13% |
| 2014-12-31 | CN¥757.42 Million ≈ $110.83 Million |
+0.42% |
| 2013-12-31 | CN¥754.26 Million ≈ $110.37 Million |
+15.79% |
| 2012-12-31 | CN¥651.41 Million ≈ $95.32 Million |
+0.39% |
| 2011-12-31 | CN¥648.88 Million ≈ $94.95 Million |
-5.98% |
| 2010-12-31 | CN¥690.16 Million ≈ $100.99 Million |
+9.64% |
| 2009-12-31 | CN¥629.45 Million ≈ $92.11 Million |
+13.83% |
| 2008-12-31 | CN¥552.98 Million ≈ $80.92 Million |
-0.62% |
| 2007-12-31 | CN¥556.45 Million ≈ $81.43 Million |
+205.76% |
| 2006-12-31 | CN¥181.99 Million ≈ $26.63 Million |
+12.85% |
| 2005-12-31 | CN¥161.26 Million ≈ $23.60 Million |
+25.49% |
| 2004-12-31 | CN¥128.50 Million ≈ $18.80 Million |
+19.15% |
| 2003-12-31 | CN¥107.85 Million ≈ $15.78 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Ningbo Kangqiang Electronics 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 3214.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥767.28 Million | 56.12% |
| Common Stock | CN¥375.28 Million | 27.45% |
| Other Comprehensive Income | CN¥126.38 Million | 9.24% |
| Other Components | CN¥98.28 Million | 7.19% |
| Total Equity | CN¥1.37 Billion | 100.00% |
Ningbo Kangqiang Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Kangqiang Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hapvida Participações e Investimentos S.A.
SA:HAPV3
|
$1.15 Billion |
|
Jiaxing ZMAX Optech Co. Ltd. A
SHG:688307
|
$1.15 Billion |
|
ROMANDE ENERGIE SA
SW:REHN
|
$1.15 Billion |
|
Create Technology & Science Co Ltd
SHE:000551
|
$1.15 Billion |
|
Mivtach Shamir
TA:MISH
|
$1.15 Billion |
|
Dongwon Ind
KO:006040
|
$1.15 Billion |
|
NPK International Inc.
NYSE:NPKI
|
$1.15 Billion |
|
Fujian Longma Envi Sanitation
SHG:603686
|
$1.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Kangqiang Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,295,280,178 to 1,367,217,590, a change of 71,937,412 (5.6%).
- Net income of 83,189,740 contributed positively to equity growth.
- Dividend payments of 28,521,008 reduced retained earnings.
- Other comprehensive income increased equity by 7,047,960.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥83.19 Million | +6.08% |
| Dividends Paid | CN¥28.52 Million | -2.09% |
| Other Comprehensive Income | CN¥7.05 Million | +0.52% |
| Other Changes | CN¥10.22 Million | +0.75% |
| Total Change | CN¥- | 5.55% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Kangqiang Electronics 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: 5.77x
- 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 47.22x to 5.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.44 | CN¥21.01 | x |
| 2004-12-31 | CN¥0.53 | CN¥21.01 | x |
| 2005-12-31 | CN¥0.67 | CN¥21.01 | x |
| 2006-12-31 | CN¥0.75 | CN¥21.01 | x |
| 2007-12-31 | CN¥1.84 | CN¥21.01 | x |
| 2008-12-31 | CN¥1.45 | CN¥21.01 | x |
| 2009-12-31 | CN¥1.80 | CN¥21.01 | x |
| 2010-12-31 | CN¥1.99 | CN¥21.01 | x |
| 2011-12-31 | CN¥1.97 | CN¥21.01 | x |
| 2012-12-31 | CN¥1.74 | CN¥21.01 | x |
| 2013-12-31 | CN¥1.96 | CN¥21.01 | x |
| 2014-12-31 | CN¥1.83 | CN¥21.01 | x |
| 2015-12-31 | CN¥1.90 | CN¥21.01 | x |
| 2016-12-31 | CN¥2.00 | CN¥21.01 | x |
| 2017-12-31 | CN¥2.12 | CN¥21.01 | x |
| 2018-12-31 | CN¥2.11 | CN¥21.01 | x |
| 2019-12-31 | CN¥2.38 | CN¥21.01 | x |
| 2020-12-31 | CN¥2.59 | CN¥21.01 | x |
| 2021-12-31 | CN¥3.04 | CN¥21.01 | x |
| 2022-12-31 | CN¥3.27 | CN¥21.01 | x |
| 2023-12-31 | CN¥3.38 | CN¥21.01 | x |
| 2024-12-31 | CN¥3.64 | CN¥21.01 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Kangqiang Electronics 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): 6.08%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.23%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.71x
- Recent ROE (6.08%) is below the historical average (8.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 16.39% | 9.73% | 0.58x | 2.89x | CN¥6.89 Million |
| 2004 | 15.91% | 7.02% | 0.82x | 2.78x | CN¥7.60 Million |
| 2005 | 20.15% | 8.12% | 0.89x | 2.78x | CN¥16.37 Million |
| 2006 | 23.28% | 6.72% | 1.13x | 3.07x | CN¥24.16 Million |
| 2007 | 9.72% | 7.70% | 0.72x | 1.74x | CN¥-1.57 Million |
| 2008 | 1.23% | 0.95% | 0.70x | 1.84x | CN¥-45.37 Million |
| 2009 | 7.95% | 7.45% | 0.58x | 1.83x | CN¥-12.16 Million |
| 2010 | 10.49% | 6.63% | 0.73x | 2.16x | CN¥3.21 Million |
| 2011 | 1.82% | 0.75% | 0.90x | 2.69x | CN¥-50.66 Million |
| 2012 | 1.37% | 0.68% | 0.78x | 2.58x | CN¥-53.04 Million |
| 2013 | 2.42% | 1.36% | 0.79x | 2.27x | CN¥-54.00 Million |
| 2014 | 0.33% | 0.17% | 0.85x | 2.21x | CN¥-68.69 Million |
| 2015 | -8.78% | -5.61% | 0.71x | 2.19x | CN¥-122.55 Million |
| 2016 | 6.26% | 3.64% | 0.75x | 2.28x | CN¥-26.02 Million |
| 2017 | 8.65% | 4.91% | 0.78x | 2.25x | CN¥-9.97 Million |
| 2018 | 9.94% | 5.41% | 0.88x | 2.08x | CN¥-491.97K |
| 2019 | 10.37% | 6.53% | 0.78x | 2.03x | CN¥3.32 Million |
| 2020 | 9.05% | 5.68% | 0.85x | 1.88x | CN¥-9.19 Million |
| 2021 | 15.86% | 8.26% | 1.03x | 1.87x | CN¥66.96 Million |
| 2022 | 8.32% | 5.99% | 0.89x | 1.56x | CN¥-20.62 Million |
| 2023 | 6.22% | 4.53% | 0.77x | 1.79x | CN¥-48.95 Million |
| 2024 | 6.08% | 4.23% | 0.84x | 1.71x | CN¥-53.53 Million |
Industry Comparison
This section compares Ningbo Kangqiang Electronics Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $908,883,450
- Average return on equity (ROE) among peers: 44.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Kangqiang Electronics Co Ltd (002119) | CN¥1.45 Billion | 16.39% | 0.75x | $1.15 Billion |
| UniTTEC Co Ltd (000925) | $108.77 Million | 359.52% | 1.05x | $909.57 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $1.06 Billion | 9.80% | 0.26x | $9.61 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $256.26 Million | 4.15% | 0.92x | $1.06 Billion |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $176.32 Million | 17.43% | 0.48x | $1.39 Billion |
| Tianjin Printronics Circuit Corp (002134) | $437.62 Million | 3.24% | 0.45x | $913.46 Million |
| Tatwah Smartech Co Ltd (002512) | $1.33 Billion | 3.74% | 3.12x | $701.64 Million |
| Chutian Dragon Co Ltd (003040) | $1.45 Billion | 1.49% | 0.37x | $998.01 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $659.11 Million | 4.47% | 0.67x | $81.27 Million |
| Nations Technologies Inc (300077) | $2.71 Billion | 0.17% | 0.05x | $1.97 Billion |
About Ningbo Kangqiang Electronics Co Ltd
Ningbo Kangqiang Electronics Co., Ltd, together with its subsidiaries, develops, manufactures, and sells semiconductor packaging materials in China. It offers stamping frameworks, etching frames, bonding wires, and LED frameworks, as well as wire electrodes, multi-station integrated circuit frame progressive molds, and lead frames. The company was founded in 1992 and is based in Ningbo, China.