Shanghai Nar Industrial Co Ltd (002825) - Net Assets
Based on the latest financial reports, Shanghai Nar Industrial Co Ltd (002825) has net assets worth CN¥1.64 Billion CNY (≈ $240.03 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¥2.78 Billion ≈ $407.47 Million USD) and total liabilities (CN¥1.14 Billion ≈ $167.45 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 Shanghai Nar Industrial Co Ltd (002825) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.64 Billion |
| % of Total Assets | 58.91% |
| Annual Growth Rate | 19.31% |
| 5-Year Change | 78.06% |
| 10-Year Change | 424.89% |
| Growth Volatility | 21.68 |
Shanghai Nar Industrial Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shanghai Nar Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Shanghai Nar Industrial Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Nar Industrial Co Ltd (2011–2024)
The table below shows the annual net assets of Shanghai Nar Industrial Co Ltd from 2011 to 2024. For live valuation and market cap data, see 002825 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.53 Billion ≈ $223.64 Million |
+5.39% |
| 2023-12-31 | CN¥1.45 Billion ≈ $212.19 Million |
+3.77% |
| 2022-12-31 | CN¥1.40 Billion ≈ $204.49 Million |
+22.03% |
| 2021-12-31 | CN¥1.15 Billion ≈ $167.58 Million |
+33.42% |
| 2020-12-31 | CN¥858.33 Million ≈ $125.60 Million |
+10.43% |
| 2019-12-31 | CN¥777.27 Million ≈ $113.74 Million |
+25.06% |
| 2018-12-31 | CN¥621.54 Million ≈ $90.95 Million |
+9.24% |
| 2017-12-31 | CN¥568.96 Million ≈ $83.26 Million |
+2.96% |
| 2016-12-31 | CN¥552.63 Million ≈ $80.87 Million |
+89.80% |
| 2015-12-31 | CN¥291.16 Million ≈ $42.61 Million |
+16.25% |
| 2014-12-31 | CN¥250.47 Million ≈ $36.65 Million |
+16.29% |
| 2013-12-31 | CN¥215.38 Million ≈ $31.52 Million |
+22.36% |
| 2012-12-31 | CN¥176.03 Million ≈ $25.76 Million |
+14.35% |
| 2011-12-31 | CN¥153.94 Million ≈ $22.53 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Nar Industrial 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 grown by 1233.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥742.28 Million | 48.88% |
| Common Stock | CN¥342.03 Million | 22.52% |
| Other Components | CN¥434.39 Million | 28.60% |
| Total Equity | CN¥1.52 Billion | 100.00% |
Shanghai Nar Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Nar Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupa Azoty S.A.
WAR:ATT
|
$499.32 Million |
|
Chongqing Sanxia Paints Co Ltd
SHE:000565
|
$499.34 Million |
|
Nanjing Inform Storage Equip
SHG:603066
|
$499.35 Million |
|
Nanjing Textiles Import & Export Corp Ltd
SHG:600250
|
$499.36 Million |
|
Ca Toulouse 31 CCI
PA:CAT31
|
$499.15 Million |
|
Shandong Synthesis Electronic Technology Co Ltd
SHE:300479
|
$499.10 Million |
|
Dongrui Food Group Co Ltd
SHE:001201
|
$499.06 Million |
|
Shelf Drilling Ltd
OL:SHLF
|
$498.91 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Nar Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,443,392,227 to 1,518,704,316, a change of 75,312,089 (5.2%).
- Net income of 126,333,558 contributed positively to equity growth.
- Dividend payments of 51,869,553 reduced retained earnings.
- Share repurchases of 20,523,354 reduced equity.
- Other comprehensive income increased equity by 10,357,120.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥126.33 Million | +8.32% |
| Dividends Paid | CN¥51.87 Million | -3.42% |
| Share Repurchases | CN¥20.52 Million | -1.35% |
| Other Comprehensive Income | CN¥10.36 Million | +0.68% |
| Other Changes | CN¥11.01 Million | +0.73% |
| Total Change | CN¥- | 5.22% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Nar Industrial 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: 2.19x
- 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 13.41x to 2.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.74 | CN¥9.99 | x |
| 2012-12-31 | CN¥0.85 | CN¥9.99 | x |
| 2013-12-31 | CN¥1.04 | CN¥9.99 | x |
| 2014-12-31 | CN¥1.22 | CN¥9.99 | x |
| 2015-12-31 | CN¥1.41 | CN¥9.99 | x |
| 2016-12-31 | CN¥2.61 | CN¥9.99 | x |
| 2017-12-31 | CN¥2.08 | CN¥9.99 | x |
| 2018-12-31 | CN¥2.25 | CN¥9.99 | x |
| 2019-12-31 | CN¥2.59 | CN¥9.99 | x |
| 2020-12-31 | CN¥2.73 | CN¥9.99 | x |
| 2021-12-31 | CN¥3.18 | CN¥9.99 | x |
| 2022-12-31 | CN¥4.07 | CN¥9.99 | x |
| 2023-12-31 | CN¥4.32 | CN¥9.99 | x |
| 2024-12-31 | CN¥4.57 | CN¥9.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Nar Industrial 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): 8.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.65%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.68x
- Recent ROE (8.32%) is below the historical average (14.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 28.39% | 11.06% | 1.59x | 1.61x | CN¥28.31 Million |
| 2012 | 24.33% | 8.95% | 1.82x | 1.50x | CN¥25.22 Million |
| 2013 | 18.27% | 8.34% | 1.46x | 1.50x | CN¥17.82 Million |
| 2014 | 22.99% | 10.00% | 1.56x | 1.47x | CN¥32.54 Million |
| 2015 | 20.42% | 11.28% | 1.29x | 1.41x | CN¥30.33 Million |
| 2016 | 11.75% | 11.82% | 0.78x | 1.27x | CN¥9.65 Million |
| 2017 | 6.39% | 5.65% | 0.86x | 1.32x | CN¥-20.56 Million |
| 2018 | 9.97% | 7.86% | 0.94x | 1.35x | CN¥-167.13K |
| 2019 | 5.92% | 4.17% | 0.94x | 1.51x | CN¥-29.28 Million |
| 2020 | 12.16% | 7.64% | 1.03x | 1.55x | CN¥17.00 Million |
| 2021 | 8.35% | 5.01% | 1.01x | 1.65x | CN¥-17.44 Million |
| 2022 | 25.55% | 21.75% | 0.82x | 1.43x | CN¥214.22 Million |
| 2023 | 6.94% | 6.74% | 0.62x | 1.66x | CN¥-44.15 Million |
| 2024 | 8.32% | 6.65% | 0.74x | 1.68x | CN¥-25.54 Million |
Industry Comparison
This section compares Shanghai Nar Industrial Co Ltd's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $2,063,859,315
- Average return on equity (ROE) among peers: 1.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Nar Industrial Co Ltd (002825) | CN¥1.64 Billion | 28.39% | 0.70x | $499.27 Million |
| Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) | $1.02 Billion | 7.08% | 0.49x | $461.18 Million |
| Tungkong Inc (002117) | $612.06 Million | 12.09% | 0.62x | $781.70 Million |
| Eternal Asia Supply Chain Management Ltd (002183) | $10.31 Billion | 4.91% | 3.20x | $2.12 Billion |
| Hongbo Co Ltd (002229) | $1.34 Billion | -21.81% | 1.32x | $1.19 Billion |
| Beijing Shengtong Printing Co Ltd (002599) | $1.54 Billion | 6.01% | 0.53x | $533.94 Million |
| Xuchang Ketop Testing Research Ins (003008) | $1.00 Billion | 7.40% | 0.05x | $357.63 Million |
| Suzhou Electrical Apparatus Sci (300215) | $260.89 Million | 23.37% | 2.29x | $938.31 Million |
| Trust Alliance Information Development Inc Ltd Shanghai (300469) | $294.38 Million | -21.69% | 2.51x | $2.17 Billion |
| Hunan Huakai Cultural and Creative Co Ltd (300592) | $2.19 Billion | -3.99% | 0.36x | $769.81 Million |
About Shanghai Nar Industrial Co Ltd
Shanghai NAR Industrial Co., Ltd. develops, produces, and sells digital printing materials, automotive functional films, and optical and electronic functional films in China. The company provides self-adhesive vinyl series, one-way vision films, cold laminating films, glass films, floor graphics, as well as decoration and functional materials, such as internal decoration films, wallpaper and wall… Read more