Ninestar Corp

SHE:002180 China Computer Hardware
Market Cap
$3.55 Billion
CN¥26.03 Billion CNY
Market Cap Rank
#4805 Global
#536 in China
Share Price
CN¥18.31
Change (1 day)
-3.17%
52-Week Range
CN¥18.24 - CN¥28.08
All Time High
CN¥57.69
Categories
Companies in China Computer Hardware Technology AI & Machine Learning
About

Ninestar Corporation engages in the research and development, production, processing, and sales of self-produced printers, and printer consumables and accessories. Its principal products include copiers, laser printers, laser printer consumables, color printers, inkjet printers, PP printers, printer main control SoC chips, consumable chips, industrial-grade/vehicle-grade microcontrollers, system-… Read more

Ninestar Corp (002180) - Net Assets

Latest net assets as of September 2025: CN¥9.77 Billion CNY

Based on the latest financial reports, Ninestar Corp (002180) has net assets worth CN¥9.77 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥17.55 Billion) and total liabilities (CN¥7.78 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 CN¥9.77 Billion
% of Total Assets 55.65%
Annual Growth Rate 30.42%
5-Year Change -15.96%
10-Year Change 425.05%
Growth Volatility 67.65

Ninestar Corp - Net Assets Trend (2004–2024)

This chart illustrates how Ninestar Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Ninestar Corp (2004–2024)

The table below shows the annual net assets of Ninestar Corp from 2004 to 2024.

Year Net Assets Change
2024-12-31 CN¥10.23 Billion +5.22%
2023-12-31 CN¥9.72 Billion -48.14%
2022-12-31 CN¥18.75 Billion +2.02%
2021-12-31 CN¥18.38 Billion +50.95%
2020-12-31 CN¥12.17 Billion +26.94%
2019-12-31 CN¥9.59 Billion +11.97%
2018-12-31 CN¥8.56 Billion +19.74%
2017-12-31 CN¥7.15 Billion +60.71%
2016-12-31 CN¥4.45 Billion +128.43%
2015-12-31 CN¥1.95 Billion +233.49%
2014-12-31 CN¥584.26 Million +55.71%
2013-12-31 CN¥375.23 Million -1.00%
2012-12-31 CN¥379.03 Million +1.01%
2011-12-31 CN¥375.24 Million +5.80%
2010-12-31 CN¥354.69 Million +5.52%
2009-12-31 CN¥336.13 Million +4.31%
2008-12-31 CN¥322.23 Million +0.55%
2007-12-31 CN¥320.46 Million +199.02%
2006-12-31 CN¥107.17 Million +52.42%
2005-12-31 CN¥70.31 Million +39.30%
2004-12-31 CN¥50.48 Million --

Equity Component Analysis

This analysis shows how different components contribute to Ninestar Corp'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 6611.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥1.42 Billion 14.18%
Other Components CN¥9.11 Billion 90.80%
Total Equity CN¥10.03 Billion 100.00%

Ninestar Corp Competitors by Market Cap

The table below lists competitors of Ninestar Corp ranked by their market capitalization.

Company Market Cap
Kinetik Holdings Inc
NYSE:KNTK
 		$2.12 Billion
Park National Corporation
NYSE MKT:PRK
 		$2.12 Billion
Swire Properties Limited
PINK:SWPFF
 		$2.12 Billion
Tibet Summit Resources Co Ltd
SHG:600338
 		$2.12 Billion
Bellring Brands LLC
NYSE:BRBR
 		$2.12 Billion
Warby Parker Inc
NYSE:WRBY
 		$2.12 Billion
Andon Health Co Ltd
SHE:002432
 		$2.12 Billion
Hoshine Silicon Ind Co Ltd
SHG:603260
 		$2.11 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ninestar Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 9,487,570,567 to 10,034,637,000, a change of 547,066,433 (5.8%).
  • Net income of 749,196,226 contributed positively to equity growth.
  • Dividend payments of 755,115,421 reduced retained earnings.
  • Share repurchases of 159,849,897 reduced equity.
  • Other comprehensive income decreased equity by 540,176,689.
  • Other factors increased equity by 1,253,012,214.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥749.20 Million +7.47%
Dividends Paid CN¥755.12 Million -7.53%
Share Repurchases CN¥159.85 Million -1.59%
Other Comprehensive Income CN¥-540.18 Million -5.38%
Other Changes CN¥1.25 Billion +12.49%
Total Change CN¥- 5.77%

Book Value vs Market Value Analysis

This analysis compares Ninestar Corp'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: 2.57x
  • 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 68.59x to 2.57x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2004-12-31 CN¥0.27 CN¥18.31 x
2005-12-31 CN¥0.38 CN¥18.31 x
2006-12-31 CN¥0.57 CN¥18.31 x
2007-12-31 CN¥1.65 CN¥18.31 x
2008-12-31 CN¥1.27 CN¥18.31 x
2009-12-31 CN¥1.33 CN¥18.31 x
2010-12-31 CN¥1.42 CN¥18.31 x
2011-12-31 CN¥1.48 CN¥18.31 x
2012-12-31 CN¥1.43 CN¥18.31 x
2013-12-31 CN¥0.67 CN¥18.31 x
2014-12-31 CN¥0.71 CN¥18.31 x
2015-12-31 CN¥2.02 CN¥18.31 x
2016-12-31 CN¥1.78 CN¥18.31 x
2017-12-31 CN¥4.00 CN¥18.31 x
2018-12-31 CN¥4.81 CN¥18.31 x
2019-12-31 CN¥5.43 CN¥18.31 x
2020-12-31 CN¥7.58 CN¥18.31 x
2021-12-31 CN¥12.04 CN¥18.31 x
2022-12-31 CN¥11.21 CN¥18.31 x
2023-12-31 CN¥6.74 CN¥18.31 x
2024-12-31 CN¥7.12 CN¥18.31 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ninestar Corp 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): 7.47%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.84%
  • • Asset Turnover: 0.71x
  • • Equity Multiplier: 3.72x
  • Recent ROE (7.47%) is below the historical average (13.41%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2004 29.78% 24.89% 0.74x 1.63x CN¥9.99 Million
2005 28.21% 24.73% 0.77x 1.49x CN¥12.80 Million
2006 34.39% 34.82% 0.61x 1.61x CN¥26.14 Million
2007 12.23% 35.53% 0.30x 1.14x CN¥7.15 Million
2008 8.63% 22.78% 0.32x 1.17x CN¥-4.38 Million
2009 6.72% 18.61% 0.32x 1.12x CN¥-10.97 Million
2010 7.69% 18.83% 0.36x 1.13x CN¥-8.17 Million
2011 7.38% 17.39% 0.38x 1.12x CN¥-9.76 Million
2012 3.83% 9.28% 0.36x 1.15x CN¥-23.10 Million
2013 44.92% 36.05% 1.10x 1.14x CN¥129.89 Million
2014 60.81% 20.41% 2.50x 1.19x CN¥286.32 Million
2015 14.83% 13.73% 0.66x 1.64x CN¥91.63 Million
2016 3.44% 1.05% 0.11x 29.63x CN¥-116.72 Million
2017 23.38% 4.45% 0.60x 8.75x CN¥543.28 Million
2018 18.58% 4.34% 0.61x 7.06x CN¥438.98 Million
2019 12.90% 3.20% 0.62x 6.55x CN¥167.31 Million
2020 1.78% 0.69% 0.55x 4.70x CN¥-668.92 Million
2021 8.14% 5.10% 0.52x 3.05x CN¥-266.11 Million
2022 11.74% 7.21% 0.56x 2.90x CN¥275.52 Million
2023 -65.19% -25.70% 0.63x 4.03x CN¥-7.13 Billion
2024 7.47% 2.84% 0.71x 3.72x CN¥-254.27 Million

Industry Comparison

This section compares Ninestar Corp's net assets metrics with peer companies in the Computer Hardware industry.

Industry Context

  • Industry: Computer Hardware
  • Average net assets among peers: $1,685,998,850
  • Average return on equity (ROE) among peers: 4.36%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ninestar Corp (002180) CN¥9.77 Billion 29.78% 0.80x $2.12 Billion
Shenzhen Kaifa Technology Co Ltd (000021) $3.49 Billion 20.34% 0.48x $4.21 Billion
China Greatwall Computer Shenzhen Co Ltd (000066) $172.34 Million 10.88% 1.56x $4.11 Billion
TPV Technology Co Ltd (000727) $555.60 Million -88.79% 1.39x $917.87 Million
Inspur Electronic Info Industr (000977) $900.93 Million 4.81% 0.23x $8.33 Billion
JWIPC Technology Co Ltd (001339) $2.19 Billion 5.71% 1.34x $665.52 Million
Shandong Senter Electn Co Ltd (001388) $586.50 Million 20.03% 0.78x $57.68K
Hangzhou Hikvision Digital Technology Co Ltd (002415) $337.64 Million 61.25% 0.41x $15.32 Billion
Shenzhen Rapoo Technology (002577) $1.17 Billion 1.62% 0.12x $265.22 Million
Suzhou Anjie Technology Co Ltd (002635) $5.78 Billion 3.44% 0.35x $599.23 Million