Ningbo Tech-Bank Co Ltd (002124) - Net Assets
Based on the latest financial reports, Ningbo Tech-Bank Co Ltd (002124) has net assets worth CN¥1.75 Billion CNY (≈ $255.35 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¥11.12 Billion ≈ $1.63 Billion USD) and total liabilities (CN¥9.38 Billion ≈ $1.37 Billion 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. Also explore how large is Ningbo Tech-Bank Co Ltd's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.75 Billion |
| % of Total Assets | 15.69% |
| Annual Growth Rate | 17.53% |
| 5-Year Change | -34.46% |
| 10-Year Change | 70.73% |
| Growth Volatility | 69.19 |
Ningbo Tech-Bank Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Ningbo Tech-Bank Co Ltd's net assets have evolved over time, based on quarterly financial data. Check how tangible is Ningbo Tech-Bank Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Ningbo Tech-Bank Co Ltd (2003–2025)
The table below shows the annual net assets of Ningbo Tech-Bank Co Ltd from 2003 to 2025. For live valuation and market cap data, see 002124 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.43 Billion ≈ $355.87 Million |
-35.09% |
| 2024-12-31 | CN¥3.75 Billion ≈ $548.27 Million |
+64.24% |
| 2023-12-31 | CN¥2.28 Billion ≈ $333.82 Million |
-42.76% |
| 2022-12-31 | CN¥3.99 Billion ≈ $583.22 Million |
+7.41% |
| 2021-12-31 | CN¥3.71 Billion ≈ $542.99 Million |
-57.82% |
| 2020-12-31 | CN¥8.80 Billion ≈ $1.29 Billion |
+203.56% |
| 2019-12-31 | CN¥2.90 Billion ≈ $424.10 Million |
+20.92% |
| 2018-12-31 | CN¥2.40 Billion ≈ $350.74 Million |
-21.36% |
| 2017-12-31 | CN¥3.05 Billion ≈ $445.99 Million |
+113.97% |
| 2016-12-31 | CN¥1.42 Billion ≈ $208.44 Million |
+26.56% |
| 2015-12-31 | CN¥1.13 Billion ≈ $164.69 Million |
+81.51% |
| 2014-12-31 | CN¥620.06 Million ≈ $90.73 Million |
+0.74% |
| 2013-12-31 | CN¥615.52 Million ≈ $90.07 Million |
+19.07% |
| 2012-12-31 | CN¥516.92 Million ≈ $75.64 Million |
+6.74% |
| 2011-12-31 | CN¥484.26 Million ≈ $70.86 Million |
+6.86% |
| 2010-12-31 | CN¥453.17 Million ≈ $66.31 Million |
+2.81% |
| 2009-12-31 | CN¥440.76 Million ≈ $64.50 Million |
+3.76% |
| 2008-12-31 | CN¥424.79 Million ≈ $62.16 Million |
+27.04% |
| 2007-12-31 | CN¥334.37 Million ≈ $48.93 Million |
+225.74% |
| 2006-12-31 | CN¥102.65 Million ≈ $15.02 Million |
-7.87% |
| 2005-12-31 | CN¥111.42 Million ≈ $16.30 Million |
+9.45% |
| 2004-12-31 | CN¥101.80 Million ≈ $14.90 Million |
+46.24% |
| 2003-12-31 | CN¥69.61 Million ≈ $10.19 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Tech-Bank 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 decreased by 35457.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥6.68 Billion | 282.30% |
| Total Equity | CN¥2.37 Billion | 100.00% |
Ningbo Tech-Bank Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Tech-Bank Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Vie Science & Technology Co Ltd
SHE:002590
|
$728.40 Million |
|
Beijing Water Business Doctor
SHE:300055
|
$728.53 Million |
|
Great Southern Bancorp Inc
NASDAQ:GSBC
|
$728.75 Million |
|
Sunyard System Engineering Co Ltd
SHG:600571
|
$728.77 Million |
|
Thermador Groupe SA
PA:THEP
|
$728.15 Million |
|
Pakuwon Jati Tbk
JK:PWON
|
$728.07 Million |
|
Ronglian Group Ltd
SHE:002642
|
$728.01 Million |
|
AXISCADES Technologies Limited
NSE:AXISCADES
|
$727.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Tech-Bank Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,675,241,214 to 2,365,882,467, a change of -1,309,358,747 (-35.6%).
- Net loss of 1,309,290,809 reduced equity.
- Dividend payments of 131,037,118 reduced retained earnings.
- Other factors increased equity by 130,969,179.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.31 Billion | -55.34% |
| Dividends Paid | CN¥131.04 Million | -5.54% |
| Other Changes | CN¥130.97 Million | +5.54% |
| Total Change | CN¥- | -35.63% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Tech-Bank 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: 2.10x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 21.93x to 2.10x 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¥0.10 | CN¥2.24 | x |
| 2004-12-31 | CN¥0.14 | CN¥2.24 | x |
| 2005-12-31 | CN¥0.15 | CN¥2.24 | x |
| 2006-12-31 | CN¥0.15 | CN¥2.24 | x |
| 2007-12-31 | CN¥0.33 | CN¥2.24 | x |
| 2008-12-31 | CN¥0.39 | CN¥2.24 | x |
| 2009-12-31 | CN¥0.41 | CN¥2.24 | x |
| 2010-12-31 | CN¥0.42 | CN¥2.24 | x |
| 2011-12-31 | CN¥0.43 | CN¥2.24 | x |
| 2012-12-31 | CN¥0.45 | CN¥2.24 | x |
| 2013-12-31 | CN¥0.55 | CN¥2.24 | x |
| 2014-12-31 | CN¥0.59 | CN¥2.24 | x |
| 2015-12-31 | CN¥1.09 | CN¥2.24 | x |
| 2016-12-31 | CN¥1.06 | CN¥2.24 | x |
| 2017-12-31 | CN¥2.06 | CN¥2.24 | x |
| 2018-12-31 | CN¥1.47 | CN¥2.24 | x |
| 2019-12-31 | CN¥1.85 | CN¥2.24 | x |
| 2020-12-31 | CN¥5.17 | CN¥2.24 | x |
| 2021-12-31 | CN¥1.88 | CN¥2.24 | x |
| 2022-12-31 | CN¥2.16 | CN¥2.24 | x |
| 2023-12-31 | CN¥1.21 | CN¥2.24 | x |
| 2024-12-31 | CN¥1.66 | CN¥2.24 | x |
| 2025-12-31 | CN¥1.06 | CN¥2.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Tech-Bank 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): -55.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.07%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 5.10x
- Recent ROE (-55.34%) is below the historical average (-0.90%), 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 | 8.87% | 3.05% | 1.09x | 2.67x | CN¥-785.93K |
| 2004 | 25.45% | 8.92% | 0.86x | 3.32x | CN¥14.59 Million |
| 2005 | 24.27% | 5.08% | 1.70x | 2.81x | CN¥14.50 Million |
| 2006 | 20.01% | 5.73% | 1.12x | 3.11x | CN¥10.21 Million |
| 2007 | 7.50% | 3.98% | 0.89x | 2.10x | CN¥-7.43 Million |
| 2008 | 24.09% | 8.49% | 1.30x | 2.19x | CN¥52.19 Million |
| 2009 | 13.77% | 5.48% | 1.26x | 2.00x | CN¥14.54 Million |
| 2010 | 9.85% | 3.53% | 1.22x | 2.29x | CN¥-590.49K |
| 2011 | 7.46% | 1.73% | 1.62x | 2.67x | CN¥-10.20 Million |
| 2012 | 10.58% | 2.21% | 1.75x | 2.74x | CN¥2.49 Million |
| 2013 | 22.29% | 5.62% | 1.12x | 3.53x | CN¥64.40 Million |
| 2014 | 5.86% | 1.25% | 1.38x | 3.40x | CN¥-22.98 Million |
| 2015 | 10.12% | 5.15% | 1.09x | 1.81x | CN¥1.33 Million |
| 2016 | 26.55% | 15.73% | 0.95x | 1.77x | CN¥232.45 Million |
| 2017 | 8.65% | 8.56% | 0.69x | 1.47x | CN¥-40.85 Million |
| 2018 | -24.03% | -12.66% | 0.73x | 2.62x | CN¥-810.02 Million |
| 2019 | 3.48% | 1.67% | 0.80x | 2.61x | CN¥-187.78 Million |
| 2020 | 36.95% | 30.15% | 0.69x | 1.77x | CN¥2.37 Billion |
| 2021 | -129.21% | -42.47% | 0.57x | 5.36x | CN¥-4.81 Billion |
| 2022 | 12.50% | 5.11% | 0.49x | 4.99x | CN¥98.00 Million |
| 2023 | -130.07% | -28.18% | 0.60x | 7.76x | CN¥-3.11 Billion |
| 2024 | 39.69% | 15.12% | 0.71x | 3.72x | CN¥1.09 Billion |
| 2025 | -55.34% | -15.07% | 0.72x | 5.10x | CN¥-1.55 Billion |
Industry Comparison
This section compares Ningbo Tech-Bank Co Ltd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $1,527,769,257
- Average return on equity (ROE) among peers: 7.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Tech-Bank Co Ltd (002124) | CN¥1.75 Billion | 8.87% | 5.37x | $728.31 Million |
| ShenZhen Kondarl Group Co Ltd (000048) | $826.06 Million | 0.72% | 1.37x | $1.54 Billion |
| Guangdong Guanghong Holdings Co Ltd (000529) | $-455.39 Million | 0.00% | 0.00x | $405.78 Million |
| Hunan Zhenghong Science and Technology Develop Co Ltd (000702) | $461.02 Million | 0.44% | 0.40x | $270.35 Million |
| Hefei Fengle Seed Co Ltd (000713) | $654.50 Million | 0.90% | 0.41x | $677.47 Million |
| Luoniushan Co Ltd (000735) | $1.82 Billion | 3.29% | 0.99x | $889.69 Million |
| New Hope Liuhe Co Ltd (000876) | $2.41 Billion | 7.36% | 0.59x | $4.56 Billion |
| Yuan Longping High-tech Agriculture Co Ltd (000998) | $5.78 Billion | 8.68% | 0.38x | $1.80 Billion |
| Dongrui Food Group Co Ltd (001201) | $268.03 Million | 34.67% | 0.73x | $428.90 Million |
| Jiangxi Sunshine Dairy Co Ltd (001318) | $1.41 Billion | 8.10% | 0.05x | $451.26 Million |
| Shandong Denghai Seeds Co Ltd (002041) | $2.10 Billion | 12.29% | 0.40x | $1.13 Billion |
About Ningbo Tech-Bank Co Ltd
Tech-Bank Food Co., Ltd., together with its subsidiaries, operates as a food company in China and internationally. The company engages in the pig breeding and pork product processing. Its main products are commercial pigs and fresh pork products; pork processed products; and other food-related products. The company was formerly known as Ningbo Tech-Bank Co., Ltd. and changed its name to Tech-bank… Read more