Northking Information Technology Co (002987) - Net Assets
Based on the latest financial reports, Northking Information Technology Co (002987) has net assets worth CN¥2.90 Billion CNY (≈ $423.83 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.70 Billion ≈ $541.39 Million USD) and total liabilities (CN¥803.39 Million ≈ $117.56 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 002987 strategic asset allocation to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.90 Billion |
| % of Total Assets | 78.29% |
| Annual Growth Rate | 27.21% |
| 5-Year Change | 51.01% |
| 10-Year Change | N/A |
| Growth Volatility | 52.7 |
Northking Information Technology Co - Net Assets Trend (2016–2025)
This chart illustrates how Northking Information Technology Co's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002987 company net worth.
Annual Net Assets for Northking Information Technology Co (2016–2025)
The table below shows the annual net assets of Northking Information Technology Co from 2016 to 2025. Also explore Northking Information Technology Co annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.98 Billion ≈ $436.02 Million |
+6.10% |
| 2024-12-31 | CN¥2.81 Billion ≈ $410.94 Million |
+10.30% |
| 2023-12-31 | CN¥2.55 Billion ≈ $372.58 Million |
+14.53% |
| 2022-12-31 | CN¥2.22 Billion ≈ $325.30 Million |
+12.67% |
| 2021-12-31 | CN¥1.97 Billion ≈ $288.73 Million |
+11.34% |
| 2020-12-31 | CN¥1.77 Billion ≈ $259.33 Million |
+181.13% |
| 2019-12-31 | CN¥630.39 Million ≈ $92.25 Million |
+36.75% |
| 2018-12-31 | CN¥460.98 Million ≈ $67.46 Million |
+19.81% |
| 2017-12-31 | CN¥384.75 Million ≈ $56.30 Million |
+12.66% |
| 2016-12-31 | CN¥341.52 Million ≈ $49.97 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Northking Information Technology Co'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 152644489660.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.53 Billion | 51.19% |
| Other Components | CN¥1.45 Billion | 48.81% |
| Total Equity | CN¥2.98 Billion | 100.00% |
Northking Information Technology Co Competitors by Market Cap
The table below lists competitors of Northking Information Technology Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pimco Dynamic Income Opportunities Fund
NYSE:PDO
|
$1.65 Billion |
|
Mister Car Wash, Inc. Common Stock
NYSE:MCW
|
$1.65 Billion |
|
Beijing Highlander Digital Technology Co Ltd
SHE:300065
|
$1.65 Billion |
|
Concentrix Corporation
NASDAQ:CNXC
|
$1.65 Billion |
|
EQ Resources Ltd
AU:EQR
|
$1.65 Billion |
|
Gestamp Automocion SA
MC:GEST
|
$1.65 Billion |
|
GIMV NV
BR:GIMB
|
$1.65 Billion |
|
Nanjing Vazyme Biotech Co Ltd
SHG:688105
|
$1.65 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Northking Information Technology Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,808,260,514 to 2,979,647,251, a change of 171,386,737 (6.1%).
- Net income of 327,388,083 contributed positively to equity growth.
- Dividend payments of 156,142,318 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥327.39 Million | +10.99% |
| Dividends Paid | CN¥156.14 Million | -5.24% |
| Other Changes | CN¥140.97K | +0.0% |
| Total Change | CN¥- | 6.10% |
Book Value vs Market Value Analysis
This analysis compares Northking Information Technology Co'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: 3.16x
- 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 27.43x to 3.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥0.40 | CN¥10.84 | x |
| 2017-12-31 | CN¥0.45 | CN¥10.84 | x |
| 2018-12-31 | CN¥0.53 | CN¥10.84 | x |
| 2019-12-31 | CN¥0.73 | CN¥10.84 | x |
| 2020-12-31 | CN¥2.05 | CN¥10.84 | x |
| 2021-12-31 | CN¥2.28 | CN¥10.84 | x |
| 2022-12-31 | CN¥2.57 | CN¥10.84 | x |
| 2023-12-31 | CN¥2.95 | CN¥10.84 | x |
| 2024-12-31 | CN¥3.24 | CN¥10.84 | x |
| 2025-12-31 | CN¥3.43 | CN¥10.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Northking Information Technology Co 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): 10.99%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.77%
- • Asset Turnover: 1.36x
- • Equity Multiplier: 1.19x
- Recent ROE (10.99%) is below the historical average (14.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 13.55% | 5.43% | 1.64x | 1.52x | CN¥12.12 Million |
| 2017 | 12.58% | 4.79% | 1.89x | 1.39x | CN¥9.94 Million |
| 2018 | 16.93% | 6.36% | 1.85x | 1.44x | CN¥31.93 Million |
| 2019 | 27.71% | 10.36% | 1.90x | 1.41x | CN¥111.66 Million |
| 2020 | 15.58% | 12.04% | 1.10x | 1.18x | CN¥98.86 Million |
| 2021 | 11.70% | 7.55% | 1.26x | 1.23x | CN¥33.53 Million |
| 2022 | 12.47% | 7.54% | 1.36x | 1.22x | CN¥54.81 Million |
| 2023 | 13.65% | 8.19% | 1.38x | 1.21x | CN¥93.02 Million |
| 2024 | 11.10% | 6.72% | 1.37x | 1.20x | CN¥30.80 Million |
| 2025 | 10.99% | 6.77% | 1.36x | 1.19x | CN¥29.42 Million |
Industry Comparison
This section compares Northking Information Technology Co's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,824,979,786
- Average return on equity (ROE) among peers: 14.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Northking Information Technology Co (002987) | CN¥2.90 Billion | 13.55% | 0.28x | $1.65 Billion |
| Digital China Group Co Ltd (000034) | $369.73 Million | 73.43% | 2.63x | $2.49 Billion |
| ZJBC Information Technology Co Ltd (000889) | $729.46 Million | 7.82% | 0.69x | $532.96 Million |
| Yunnan Nantian Electronics Information Co Ltd (000948) | $2.49 Billion | 5.52% | 2.98x | $762.80 Million |
| Guomai Technologies Inc (002093) | $2.85 Billion | 2.71% | 0.60x | $1.09 Billion |
| Shanghai HiTech Control System (002184) | $822.35 Million | 3.66% | 0.32x | $500.53 Million |
| SZZT Electronics Co Ltd (002197) | $2.42 Billion | 0.75% | 1.68x | $590.65 Million |
| Talkweb Information System Co Ltd (002261) | $108.06 Million | 30.46% | 0.45x | $4.79 Billion |
| Westone Information Industry Inc (002268) | $4.45 Billion | 2.70% | 0.40x | $1.82 Billion |
| Taiji Computer Corp Ltd (002368) | $3.42 Billion | 9.80% | 2.11x | $1.19 Billion |
| COSCO SHIPPING Technology Co Ltd (002401) | $581.83 Million | 7.83% | 0.39x | $657.54 Million |
About Northking Information Technology Co
Northking Information Technology Co., Ltd. engages in the provision of financial technology services in China and internationally. The company provides general software products, such as platforms, image and process management, big data, and artificial intelligence; financial industry application products and solutions, including operations, channel, asset management and related industries, suppl… Read more