Nanning Baling Technology
Nanning Baling Technology Co., Ltd. engages in the research, development, production, and sale of automotive parts in Mainland China. It offers automotive thermal management products, including high-temperature radiators, low-temperature radiators, battery coolers, intercoolers, oil coolers, condensers, and evaporators; heat exchangers, such as heaters, and internal and external air conversion bo… Read more
Nanning Baling Technology (002592) - Net Assets
Latest net assets as of September 2025: CN¥981.49 Million CNY
Based on the latest financial reports, Nanning Baling Technology (002592) has net assets worth CN¥981.49 Million 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¥1.30 Billion) and total liabilities (CN¥320.60 Million). 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¥981.49 Million |
| % of Total Assets | 75.38% |
| Annual Growth Rate | 11.97% |
| 5-Year Change | 14.52% |
| 10-Year Change | -56.2% |
| Growth Volatility | 44.73 |
Nanning Baling Technology - Net Assets Trend (2008–2024)
This chart illustrates how Nanning Baling Technology's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nanning Baling Technology (2008–2024)
The table below shows the annual net assets of Nanning Baling Technology from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥881.46 Million | +8.36% |
| 2023-12-31 | CN¥813.48 Million | +14.60% |
| 2022-12-31 | CN¥709.83 Million | +7.24% |
| 2021-12-31 | CN¥661.92 Million | -14.00% |
| 2020-12-31 | CN¥769.69 Million | -55.95% |
| 2019-12-31 | CN¥1.75 Billion | -6.11% |
| 2018-12-31 | CN¥1.86 Billion | -12.89% |
| 2017-12-31 | CN¥2.14 Billion | +3.09% |
| 2016-12-31 | CN¥2.07 Billion | +2.96% |
| 2015-12-31 | CN¥2.01 Billion | +52.29% |
| 2014-12-31 | CN¥1.32 Billion | +85.03% |
| 2013-12-31 | CN¥714.27 Million | +9.27% |
| 2012-12-31 | CN¥653.69 Million | +10.84% |
| 2011-12-31 | CN¥589.76 Million | +149.52% |
| 2010-12-31 | CN¥236.36 Million | +33.05% |
| 2009-12-31 | CN¥177.65 Million | +23.04% |
| 2008-12-31 | CN¥144.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nanning Baling Technology'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 820.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥283.33 Million | 32.14% |
| Other Comprehensive Income | CN¥-73.98 Million | -8.39% |
| Other Components | CN¥1.11 Billion | 125.52% |
| Total Equity | CN¥881.46 Million | 100.00% |
Nanning Baling Technology Competitors by Market Cap
The table below lists competitors of Nanning Baling Technology ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongwoon Anatech Co Ltd
KQ:094170
|
$198.91 Million |
|
Taiwan FamilyMart Co Ltd
TWO:5903
|
$198.91 Million |
|
Styrenix Performance Materials Limited
NSE:STYRENIX
|
$198.92 Million |
|
Ningbo Fubang
SHG:600768
|
$198.92 Million |
|
Trio Tech Intl Grp Co Ltd
TW:6862
|
$198.88 Million |
|
Centuria Office REIT
AU:COF
|
$198.81 Million |
|
VGLIF
PINK:VGLIF
|
$198.77 Million |
|
Nepes Corporation
KQ:033640
|
$198.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nanning Baling Technology's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 813,479,942 to 881,459,219, a change of 67,979,277 (8.4%).
- Net income of 69,981,622 contributed positively to equity growth.
- Dividend payments of 1,027,822 reduced retained earnings.
- Other comprehensive income increased equity by 82,812,899.
- Other factors decreased equity by 83,787,422.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥69.98 Million | +7.94% |
| Dividends Paid | CN¥1.03 Million | -0.12% |
| Other Comprehensive Income | CN¥82.81 Million | +9.39% |
| Other Changes | CN¥-83.79 Million | -9.51% |
| Total Change | CN¥- | 8.36% |
Book Value vs Market Value Analysis
This analysis compares Nanning Baling Technology'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: 2.99x
- 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 8.86x to 2.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥1.09 | CN¥9.66 | x |
| 2009-12-31 | CN¥1.34 | CN¥9.66 | x |
| 2010-12-31 | CN¥1.79 | CN¥9.66 | x |
| 2011-12-31 | CN¥4.33 | CN¥9.66 | x |
| 2012-12-31 | CN¥3.70 | CN¥9.66 | x |
| 2013-12-31 | CN¥4.05 | CN¥9.66 | x |
| 2014-12-31 | CN¥6.85 | CN¥9.66 | x |
| 2015-12-31 | CN¥7.96 | CN¥9.66 | x |
| 2016-12-31 | CN¥7.26 | CN¥9.66 | x |
| 2017-12-31 | CN¥7.59 | CN¥9.66 | x |
| 2018-12-31 | CN¥7.67 | CN¥9.66 | x |
| 2019-12-31 | CN¥5.46 | CN¥9.66 | x |
| 2020-12-31 | CN¥2.64 | CN¥9.66 | x |
| 2021-12-31 | CN¥2.71 | CN¥9.66 | x |
| 2022-12-31 | CN¥2.95 | CN¥9.66 | x |
| 2023-12-31 | CN¥3.08 | CN¥9.66 | x |
| 2024-12-31 | CN¥3.23 | CN¥9.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nanning Baling Technology 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): 7.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.62%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.28x
- Recent ROE (7.94%) is above the historical average (0.34%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 29.01% | 14.85% | 0.90x | 2.17x | CN¥27.44 Million |
| 2009 | 29.88% | 14.84% | 0.95x | 2.12x | CN¥35.31 Million |
| 2010 | 30.83% | 15.66% | 1.01x | 1.94x | CN¥49.23 Million |
| 2011 | 13.35% | 15.66% | 0.65x | 1.31x | CN¥19.73 Million |
| 2012 | 13.25% | 15.81% | 0.64x | 1.30x | CN¥21.22 Million |
| 2013 | 12.61% | 14.92% | 0.66x | 1.29x | CN¥18.61 Million |
| 2014 | 7.16% | 14.81% | 0.39x | 1.24x | CN¥-37.56 Million |
| 2015 | 6.28% | 19.31% | 0.26x | 1.28x | CN¥-74.17 Million |
| 2016 | 6.20% | 14.62% | 0.36x | 1.19x | CN¥-78.79 Million |
| 2017 | 6.32% | 17.43% | 0.30x | 1.21x | CN¥-78.57 Million |
| 2018 | 0.39% | 1.02% | 0.30x | 1.29x | CN¥-178.81 Million |
| 2019 | -27.92% | -54.08% | 0.28x | 1.86x | CN¥-551.53 Million |
| 2020 | -129.58% | -151.62% | 0.41x | 2.09x | CN¥-982.77 Million |
| 2021 | -14.35% | -16.92% | 0.50x | 1.70x | CN¥-174.09 Million |
| 2022 | 1.38% | 1.92% | 0.47x | 1.55x | CN¥-66.00 Million |
| 2023 | 12.97% | 19.44% | 0.49x | 1.37x | CN¥24.15 Million |
| 2024 | 7.94% | 10.62% | 0.58x | 1.28x | CN¥-18.16 Million |
Industry Comparison
This section compares Nanning Baling Technology's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nanning Baling Technology (002592) | CN¥981.49 Million | 29.01% | 0.33x | $198.89 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |