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¥1.41 Billion CNY (≈ $205.85 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¥2.82 Billion ≈ $412.22 Million USD) and total liabilities (CN¥1.41 Billion ≈ $206.37 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 tangible equity quality of Ningbo Kangqiang Electronics Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.41 Billion |
| % of Total Assets | 49.94% |
| Annual Growth Rate | 12.26% |
| 5-Year Change | 20.1% |
| 10-Year Change | 81.91% |
| Growth Volatility | 42.09 |
Ningbo Kangqiang Electronics Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Ningbo Kangqiang Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Ningbo Kangqiang Electronics Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ningbo Kangqiang Electronics Co Ltd (2003–2025)
The table below shows the annual net assets of Ningbo Kangqiang Electronics Co Ltd from 2003 to 2025. For live valuation and market cap data, see Ningbo Kangqiang Electronics Co Ltd (002119) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.37 Billion ≈ $200.83 Million |
+0.38% |
| 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 |
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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 3626.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥862.60 Million | 62.85% |
| Other Components | CN¥509.83 Million | 37.15% |
| 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 |
|---|---|
|
Gansu Jingyuan Coal Industry and Electricity Power Co Ltd
SHE:000552
|
$1.90 Billion |
|
Dongguan Eontec Co Ltd
SHE:300328
|
$1.90 Billion |
|
Changchun UP Optotech Co Ltd
SHE:002338
|
$1.90 Billion |
|
Saurer Intelligent Technology Co Ltd Class A
SHG:600545
|
$1.90 Billion |
|
Qingdao Yunlu Advanced Materials Technology Co. Ltd. A
SHG:688190
|
$1.90 Billion |
|
Nancal Energy-Saving Tech Co
SHG:603859
|
$1.89 Billion |
|
New Hope Dairy Co Ltd
SHE:002946
|
$1.89 Billion |
|
Trevi Therapeutics Inc
NASDAQ:TRVI
|
$1.89 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 2024 to 2025, total equity changed from 1,367,217,590 to 1,372,430,074, a change of 5,212,484 (0.4%).
- Net income of 116,470,563 contributed positively to equity growth.
- Dividend payments of 24,840,362 reduced retained earnings.
- Other comprehensive income decreased equity by 126,375,308.
- Other factors increased equity by 39,957,591.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥116.47 Million | +8.49% |
| Dividends Paid | CN¥24.84 Million | -1.81% |
| Other Comprehensive Income | CN¥-126.38 Million | -9.21% |
| Other Changes | CN¥39.96 Million | +2.91% |
| Total Change | CN¥- | 0.38% |
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: 9.44x
- 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 77.56x to 9.44x 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¥34.51 | x |
| 2004-12-31 | CN¥0.53 | CN¥34.51 | x |
| 2005-12-31 | CN¥0.67 | CN¥34.51 | x |
| 2006-12-31 | CN¥0.75 | CN¥34.51 | x |
| 2007-12-31 | CN¥1.84 | CN¥34.51 | x |
| 2008-12-31 | CN¥1.45 | CN¥34.51 | x |
| 2009-12-31 | CN¥1.80 | CN¥34.51 | x |
| 2010-12-31 | CN¥1.99 | CN¥34.51 | x |
| 2011-12-31 | CN¥1.97 | CN¥34.51 | x |
| 2012-12-31 | CN¥1.60 | CN¥34.51 | x |
| 2013-12-31 | CN¥1.81 | CN¥34.51 | x |
| 2014-12-31 | CN¥1.69 | CN¥34.51 | x |
| 2015-12-31 | CN¥1.75 | CN¥34.51 | x |
| 2016-12-31 | CN¥1.84 | CN¥34.51 | x |
| 2017-12-31 | CN¥1.96 | CN¥34.51 | x |
| 2018-12-31 | CN¥2.11 | CN¥34.51 | x |
| 2019-12-31 | CN¥2.41 | CN¥34.51 | x |
| 2020-12-31 | CN¥2.54 | CN¥34.51 | x |
| 2021-12-31 | CN¥3.03 | CN¥34.51 | x |
| 2022-12-31 | CN¥3.25 | CN¥34.51 | x |
| 2023-12-31 | CN¥3.38 | CN¥34.51 | x |
| 2024-12-31 | CN¥3.62 | CN¥34.51 | x |
| 2025-12-31 | CN¥3.66 | CN¥34.51 | 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): 8.49%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.30%
- • Asset Turnover: 0.84x
- • Equity Multiplier: 1.90x
- Recent ROE (8.49%) is above the historical average (8.33%), indicating improving 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 |
| 2025 | 8.49% | 5.30% | 0.84x | 1.90x | CN¥-20.77 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: $780,933,156
- Average return on equity (ROE) among peers: 8.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Kangqiang Electronics Co Ltd (002119) | CN¥1.41 Billion | 16.39% | 1.00x | $1.90 Billion |
| UniTTEC Co Ltd (000925) | $3.09 Billion | 1.86% | 1.43x | $807.63 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $87.45 Million | 17.73% | 0.92x | $9.99 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $238.46 Million | 1.47% | 0.52x | $1.34 Billion |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $150.59 Million | 29.58% | 0.75x | $1.83 Billion |
| Tianjin Printronics Circuit Corp (002134) | $609.67 Million | -14.49% | 0.33x | $1.09 Billion |
| Tatwah Smartech Co Ltd (002512) | $318.94 Million | -63.28% | 6.24x | $640.43 Million |
| Chutian Dragon Co Ltd (003040) | $916.47 Million | 6.34% | 0.58x | $791.53 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $63.06 Million | 81.02% | 3.66x | $5.87 Million |
| Nations Technologies Inc (300077) | $1.55 Billion | 14.11% | 0.72x | $1.99 Billion |
About Ningbo Kangqiang Electronics Co Ltd
Ningbo Kangqiang Electronics Co., Ltd, together with its subsidiaries, engages in the development, production, and sale of 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… Read more