Zhejiang Narada Power Source
ZHEJIANG NARADA POWER SOURCE Co. , Ltd. engages in the research, development, manufacture, sale, and service of lithium-ion batteries and systems, lead-acid batteries and systems, key hydrogen energy equipment, and lithium and lead resource recycling products. The company offers batteries, battery packs, battery cabinets and software management systems, etc. for use in new power energy storage, p… Read more
Zhejiang Narada Power Source (300068) - Net Assets
Latest net assets as of September 2025: CN¥3.65 Billion CNY
Based on the latest financial reports, Zhejiang Narada Power Source (300068) has net assets worth CN¥3.65 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¥17.40 Billion) and total liabilities (CN¥13.75 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¥3.65 Billion |
| % of Total Assets | 20.99% |
| Annual Growth Rate | 16.92% |
| 5-Year Change | -33.75% |
| 10-Year Change | 13.61% |
| Growth Volatility | 97.38 |
Zhejiang Narada Power Source - Net Assets Trend (2007–2024)
This chart illustrates how Zhejiang Narada Power Source's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Narada Power Source (2007–2024)
The table below shows the annual net assets of Zhejiang Narada Power Source from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.82 Billion | -27.97% |
| 2023-12-31 | CN¥5.30 Billion | +5.14% |
| 2022-12-31 | CN¥5.04 Billion | +21.83% |
| 2021-12-31 | CN¥4.14 Billion | -28.20% |
| 2020-12-31 | CN¥5.76 Billion | -9.18% |
| 2019-12-31 | CN¥6.34 Billion | +3.09% |
| 2018-12-31 | CN¥6.15 Billion | -0.17% |
| 2017-12-31 | CN¥6.16 Billion | -2.91% |
| 2016-12-31 | CN¥6.35 Billion | +88.99% |
| 2015-12-31 | CN¥3.36 Billion | +13.32% |
| 2014-12-31 | CN¥2.96 Billion | -2.03% |
| 2013-12-31 | CN¥3.03 Billion | +4.60% |
| 2012-12-31 | CN¥2.89 Billion | +8.57% |
| 2011-12-31 | CN¥2.66 Billion | +4.09% |
| 2010-12-31 | CN¥2.56 Billion | +408.11% |
| 2009-12-31 | CN¥503.83 Million | +32.32% |
| 2008-12-31 | CN¥380.78 Million | +42.36% |
| 2007-12-31 | CN¥267.48 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Narada Power Source'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 4504.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥895.53 Million | 22.43% |
| Other Comprehensive Income | CN¥987.77K | 0.02% |
| Other Components | CN¥4.40 Billion | 110.22% |
| Total Equity | CN¥3.99 Billion | 100.00% |
Zhejiang Narada Power Source Competitors by Market Cap
The table below lists competitors of Zhejiang Narada Power Source ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qfin Holdings, Inc.
F:CKR0
|
$1.36 Billion |
|
Viva Energy Group Ltd
AU:VEA
|
$1.36 Billion |
|
Apollo Commercial Real Estate Finance Inc
NYSE:ARI
|
$1.36 Billion |
|
Despegar.com Corp
NYSE:DESP
|
$1.36 Billion |
|
JinkoSolar Holding Company Limited
NYSE:JKS
|
$1.36 Billion |
|
Xenia Hotels & Resorts Inc
NYSE:XHR
|
$1.36 Billion |
|
Westone Information Industry Inc
SHE:002268
|
$1.36 Billion |
|
Sally Beauty Holdings Inc
NYSE:SBH
|
$1.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Narada Power Source's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,422,094,154 to 3,992,142,694, a change of -1,429,951,460 (-26.4%).
- Net loss of 1,496,826,768 reduced equity.
- Dividend payments of 307,195,324 reduced retained earnings.
- Share repurchases of 100,030,000 reduced equity.
- Other comprehensive income decreased equity by 3,033,953.
- Other factors increased equity by 477,134,585.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.50 Billion | -37.49% |
| Dividends Paid | CN¥307.20 Million | -7.69% |
| Share Repurchases | CN¥100.03 Million | -2.51% |
| Other Comprehensive Income | CN¥-3.03 Million | -0.08% |
| Other Changes | CN¥477.13 Million | +11.95% |
| Total Change | CN¥- | -26.37% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Narada Power Source'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: 3.34x
- 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 26.27x to 3.34x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.59 | CN¥15.51 | x |
| 2008-12-31 | CN¥0.86 | CN¥15.51 | x |
| 2009-12-31 | CN¥1.12 | CN¥15.51 | x |
| 2010-12-31 | CN¥4.55 | CN¥15.51 | x |
| 2011-12-31 | CN¥4.39 | CN¥15.51 | x |
| 2012-12-31 | CN¥4.52 | CN¥15.51 | x |
| 2013-12-31 | CN¥4.78 | CN¥15.51 | x |
| 2014-12-31 | CN¥4.78 | CN¥15.51 | x |
| 2015-12-31 | CN¥5.09 | CN¥15.51 | x |
| 2016-12-31 | CN¥8.59 | CN¥15.51 | x |
| 2017-12-31 | CN¥7.49 | CN¥15.51 | x |
| 2018-12-31 | CN¥7.15 | CN¥15.51 | x |
| 2019-12-31 | CN¥7.44 | CN¥15.51 | x |
| 2020-12-31 | CN¥7.06 | CN¥15.51 | x |
| 2021-12-31 | CN¥5.37 | CN¥15.51 | x |
| 2022-12-31 | CN¥5.96 | CN¥15.51 | x |
| 2023-12-31 | CN¥6.03 | CN¥15.51 | x |
| 2024-12-31 | CN¥4.64 | CN¥15.51 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Narada Power Source 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): -37.49%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.75%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 4.58x
- Recent ROE (-37.49%) is below the historical average (3.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 18.01% | 5.22% | 1.15x | 3.01x | CN¥20.96 Million |
| 2008 | 30.56% | 7.47% | 1.59x | 2.57x | CN¥78.29 Million |
| 2009 | 31.91% | 12.33% | 1.09x | 2.37x | CN¥110.41 Million |
| 2010 | 3.19% | 5.62% | 0.50x | 1.14x | CN¥-174.32 Million |
| 2011 | 2.74% | 4.23% | 0.52x | 1.24x | CN¥-189.26 Million |
| 2012 | 4.64% | 4.06% | 0.79x | 1.44x | CN¥-145.55 Million |
| 2013 | 4.61% | 3.71% | 0.83x | 1.50x | CN¥-152.32 Million |
| 2014 | 3.76% | 2.79% | 0.78x | 1.74x | CN¥-174.91 Million |
| 2015 | 6.68% | 3.95% | 0.74x | 2.28x | CN¥-101.01 Million |
| 2016 | 5.59% | 4.61% | 0.78x | 1.56x | CN¥-260.22 Million |
| 2017 | 6.27% | 4.41% | 0.79x | 1.79x | CN¥-226.26 Million |
| 2018 | 3.92% | 3.00% | 0.64x | 2.05x | CN¥-375.57 Million |
| 2019 | 5.69% | 4.09% | 0.68x | 2.04x | CN¥-278.80 Million |
| 2020 | -4.69% | -2.74% | 0.72x | 2.38x | CN¥-881.03 Million |
| 2021 | -29.50% | -11.57% | 0.86x | 2.98x | CN¥-1.83 Billion |
| 2022 | 6.46% | 2.83% | 0.73x | 3.11x | CN¥-182.40 Million |
| 2023 | 0.66% | 0.25% | 0.81x | 3.36x | CN¥-506.23 Million |
| 2024 | -37.49% | -18.75% | 0.44x | 4.58x | CN¥-1.90 Billion |
Industry Comparison
This section compares Zhejiang Narada Power Source's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Narada Power Source (300068) | CN¥3.65 Billion | 18.01% | 3.76x | $1.36 Billion |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |