Changzhou NRB Corp
Changzhou Nrb Corporation engages in the research, development, manufacture, and sale of auto precision bearing products in China and internationally. The company's primary products include needle, cylindrical and low friction tapered roller bearings; ball bearings; clutch release bearings; wheel hub bearings; synchronizer intermediate rings; elastic interlocking pins; and other automotive precis… Read more
Changzhou NRB Corp (002708) - Net Assets
Latest net assets as of September 2025: CN¥1.71 Billion CNY
Based on the latest financial reports, Changzhou NRB Corp (002708) has net assets worth CN¥1.71 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¥3.74 Billion) and total liabilities (CN¥2.03 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¥1.71 Billion |
| % of Total Assets | 45.69% |
| Annual Growth Rate | 13.98% |
| 5-Year Change | 16.52% |
| 10-Year Change | 88.36% |
| Growth Volatility | 26.37 |
Changzhou NRB Corp - Net Assets Trend (2009–2024)
This chart illustrates how Changzhou NRB 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 Changzhou NRB Corp (2009–2024)
The table below shows the annual net assets of Changzhou NRB Corp from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.72 Billion | +3.23% |
| 2023-12-31 | CN¥1.66 Billion | +33.57% |
| 2022-12-31 | CN¥1.24 Billion | -13.12% |
| 2021-12-31 | CN¥1.43 Billion | -2.72% |
| 2020-12-31 | CN¥1.47 Billion | +3.49% |
| 2019-12-31 | CN¥1.42 Billion | +0.87% |
| 2018-12-31 | CN¥1.41 Billion | -6.53% |
| 2017-12-31 | CN¥1.51 Billion | -0.48% |
| 2016-12-31 | CN¥1.52 Billion | +66.45% |
| 2015-12-31 | CN¥910.76 Million | +0.96% |
| 2014-12-31 | CN¥902.12 Million | +79.85% |
| 2013-12-31 | CN¥501.59 Million | +11.91% |
| 2012-12-31 | CN¥448.21 Million | +12.79% |
| 2011-12-31 | CN¥397.40 Million | +15.43% |
| 2010-12-31 | CN¥344.26 Million | +42.94% |
| 2009-12-31 | CN¥240.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Changzhou NRB 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 348.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥562.10 Million | 33.22% |
| Other Comprehensive Income | CN¥97.93 Million | 5.79% |
| Other Components | CN¥1.22 Billion | 72.00% |
| Total Equity | CN¥1.69 Billion | 100.00% |
Changzhou NRB Corp Competitors by Market Cap
The table below lists competitors of Changzhou NRB Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Antin IP SA
PA:ANTIN
|
$575.99 Million |
|
Janux Therapeutics Inc
NASDAQ:JANX
|
$576.00 Million |
|
Phreesia Inc
NYSE:PHR
|
$576.14 Million |
|
Chang Wah Technology Co Ltd
TWO:6548
|
$576.20 Million |
|
Meren Energy
ST:MER
|
$575.75 Million |
|
Xi'an Manareco New Materials Co.Ltd
SHG:688550
|
$575.54 Million |
|
Start Group
SHG:600734
|
$575.42 Million |
|
Southern Missouri Bancorp Inc
NASDAQ:SMBC
|
$575.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Changzhou NRB Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,686,495,646 to 1,692,266,650, a change of 5,771,004 (0.3%).
- Net income of 51,011,184 contributed positively to equity growth.
- Dividend payments of 27,830,159 reduced retained earnings.
- Share repurchases of 31,204,789 reduced equity.
- Other comprehensive income increased equity by 95,949,484.
- Other factors decreased equity by 82,154,716.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥51.01 Million | +3.01% |
| Dividends Paid | CN¥27.83 Million | -1.64% |
| Share Repurchases | CN¥31.20 Million | -1.84% |
| Other Comprehensive Income | CN¥95.95 Million | +5.67% |
| Other Changes | CN¥-82.15 Million | -4.85% |
| Total Change | CN¥- | 0.34% |
Book Value vs Market Value Analysis
This analysis compares Changzhou NRB 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: 4.19x
- 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 26.55x to 4.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.48 | CN¥12.62 | x |
| 2010-12-31 | CN¥0.68 | CN¥12.62 | x |
| 2011-12-31 | CN¥1.25 | CN¥12.62 | x |
| 2012-12-31 | CN¥1.46 | CN¥12.62 | x |
| 2013-12-31 | CN¥2.26 | CN¥12.62 | x |
| 2014-12-31 | CN¥2.29 | CN¥12.62 | x |
| 2015-12-31 | CN¥2.23 | CN¥12.62 | x |
| 2016-12-31 | CN¥3.34 | CN¥12.62 | x |
| 2017-12-31 | CN¥3.22 | CN¥12.62 | x |
| 2018-12-31 | CN¥3.34 | CN¥12.62 | x |
| 2019-12-31 | CN¥3.03 | CN¥12.62 | x |
| 2020-12-31 | CN¥3.14 | CN¥12.62 | x |
| 2021-12-31 | CN¥3.02 | CN¥12.62 | x |
| 2022-12-31 | CN¥2.60 | CN¥12.62 | x |
| 2023-12-31 | CN¥3.34 | CN¥12.62 | x |
| 2024-12-31 | CN¥3.01 | CN¥12.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Changzhou NRB 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): 3.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.21%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 2.09x
- Recent ROE (3.01%) is below the historical average (3.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 17.59% | 10.81% | 0.78x | 2.07x | CN¥17.74 Million |
| 2010 | 17.12% | 10.23% | 0.93x | 1.79x | CN¥23.92 Million |
| 2011 | 13.47% | 9.55% | 0.83x | 1.69x | CN¥13.47 Million |
| 2012 | 13.15% | 10.61% | 0.77x | 1.61x | CN¥14.12 Million |
| 2013 | 10.64% | 9.20% | 0.73x | 1.59x | CN¥3.23 Million |
| 2014 | 6.98% | 10.12% | 0.55x | 1.25x | CN¥-27.23 Million |
| 2015 | 4.01% | 6.71% | 0.49x | 1.22x | CN¥-54.57 Million |
| 2016 | 4.26% | 5.80% | 0.47x | 1.58x | CN¥-87.09 Million |
| 2017 | 0.80% | 0.83% | 0.62x | 1.56x | CN¥-138.82 Million |
| 2018 | -6.41% | -6.67% | 0.62x | 1.54x | CN¥-231.44 Million |
| 2019 | 0.81% | 0.88% | 0.60x | 1.53x | CN¥-130.73 Million |
| 2020 | 3.42% | 3.51% | 0.54x | 1.80x | CN¥-96.86 Million |
| 2021 | -5.67% | -5.01% | 0.61x | 1.86x | CN¥-224.45 Million |
| 2022 | -18.77% | -15.74% | 0.55x | 2.17x | CN¥-358.96 Million |
| 2023 | -6.93% | -6.41% | 0.56x | 1.92x | CN¥-285.59 Million |
| 2024 | 3.01% | 2.21% | 0.65x | 2.09x | CN¥-118.22 Million |
Industry Comparison
This section compares Changzhou NRB Corp'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 |
|---|---|---|---|---|
| Changzhou NRB Corp (002708) | CN¥1.71 Billion | 17.59% | 1.19x | $575.76 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 |