Changzhou NRB Corp (002708) - Net Assets

Latest as of September 2025: CN¥1.71 Billion CNY ≈ $249.76 Million USD

Based on the latest financial reports, Changzhou NRB Corp (002708) has net assets worth CN¥1.71 Billion CNY (≈ $249.76 Million USD) 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 ≈ $546.62 Million USD) and total liabilities (CN¥2.03 Billion ≈ $296.87 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 Changzhou NRB Corp (002708) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 002708 current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Changzhou NRB Corp stock valuation.

Year Net Assets Change
2024-12-31 CN¥1.72 Billion
≈ $251.03 Million		 +3.23%
2023-12-31 CN¥1.66 Billion
≈ $243.18 Million		 +33.57%
2022-12-31 CN¥1.24 Billion
≈ $182.07 Million		 -13.12%
2021-12-31 CN¥1.43 Billion
≈ $209.56 Million		 -2.72%
2020-12-31 CN¥1.47 Billion
≈ $215.43 Million		 +3.49%
2019-12-31 CN¥1.42 Billion
≈ $208.17 Million		 +0.87%
2018-12-31 CN¥1.41 Billion
≈ $206.37 Million		 -6.53%
2017-12-31 CN¥1.51 Billion
≈ $220.78 Million		 -0.48%
2016-12-31 CN¥1.52 Billion
≈ $221.84 Million		 +66.45%
2015-12-31 CN¥910.76 Million
≈ $133.27 Million		 +0.96%
2014-12-31 CN¥902.12 Million
≈ $132.01 Million		 +79.85%
2013-12-31 CN¥501.59 Million
≈ $73.40 Million		 +11.91%
2012-12-31 CN¥448.21 Million
≈ $65.59 Million		 +12.79%
2011-12-31 CN¥397.40 Million
≈ $58.15 Million		 +15.43%
2010-12-31 CN¥344.26 Million
≈ $50.38 Million		 +42.94%
2009-12-31 CN¥240.85 Million
≈ $35.24 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
Ho Chi Minh City Securities Corp
VN:HCM
 $1.10 Billion
The Karnataka Bank Limited
NSE:KTKBANK
 $1.10 Billion
SMA Solar Technology AG
F:S92
 $1.10 Billion
Platinum Asset Management Ltd
AU:PTM
 $1.10 Billion
SY HOLDINGS GROUP HD-01
F:9U0
 $1.10 Billion
Inversiones Aguas Metropolitanas SA
SN:IAM
 $1.10 Billion
Jiangsu Transimage Technology Co Ltd
SHE:002866
 $1.10 Billion
SFL Corporation Ltd
NYSE:SFL
 $1.10 Billion

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: 4.43x
  • 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 28.07x to 4.43x 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¥13.34 x
2010-12-31 CN¥0.68 CN¥13.34 x
2011-12-31 CN¥1.25 CN¥13.34 x
2012-12-31 CN¥1.46 CN¥13.34 x
2013-12-31 CN¥2.26 CN¥13.34 x
2014-12-31 CN¥2.29 CN¥13.34 x
2015-12-31 CN¥2.23 CN¥13.34 x
2016-12-31 CN¥3.34 CN¥13.34 x
2017-12-31 CN¥3.22 CN¥13.34 x
2018-12-31 CN¥3.34 CN¥13.34 x
2019-12-31 CN¥3.03 CN¥13.34 x
2020-12-31 CN¥3.14 CN¥13.34 x
2021-12-31 CN¥3.02 CN¥13.34 x
2022-12-31 CN¥2.60 CN¥13.34 x
2023-12-31 CN¥3.34 CN¥13.34 x
2024-12-31 CN¥3.01 CN¥13.34 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: $2,600,803,038
  • Average return on equity (ROE) among peers: 8.05%

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 $1.10 Billion
FAWER Automotive Parts Ltd Co (000030) $8.51 Billion 9.89% 0.75x $1.25 Billion
Wanxiang Qianchao Co Ltd (000559) $9.35 Billion 10.17% 1.39x $7.81 Billion
Weifu High-Technology Group Co Ltd (000581) $2.63 Billion 8.78% 0.95x $2.27 Billion
Gui Zhou Tyre Co Ltd (000589) $798.46 Million 1.49% 1.70x $1.14 Billion
Qingdao Doublestar Co Ltd (000599) $671.47 Million 7.81% 1.44x $712.32 Million
Hengli Industrial Development Group Co Ltd (000622) $262.35 Million 3.86% 0.64x $9.33 Million
Xiangyang Automobile Bearing Co Ltd (000678) $1.05 Billion -7.53% 1.24x $782.86 Million
Jiangnan Mould & Plastic Technology Co Ltd (000700) $941.64 Million 8.22% 0.72x $1.62 Billion
Sichuan Haowu Electromechanical Co Ltd (000757) $1.65 Billion 8.43% 0.86x $381.19 Million
Anhui Zhongding Sealing Parts Co Ltd (000887) $146.05 Million 29.40% 2.09x $3.35 Billion

About Changzhou NRB Corp

SHE:002708 China Auto Parts
Market Cap
$1.10 Billion
CN¥7.50 Billion CNY
Market Cap Rank
#8710 Global
#2291 in China
Share Price
CN¥13.34
Change (1 day)
+1.29%
52-Week Range
CN¥10.29 - CN¥15.33
All Time High
CN¥21.30
Categories
Companies in China Auto Parts
About

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