Ningbo Cixing
Ningbo Cixing Co.,Ltd. engages in the research, development, production, and sale of knitting machinery in China and internationally. The company offers intelligent knitting machinery and equipment; flat knitting machines, steiger, circular machines, and other smart knitting equipment, as well as computerized shoe machines, automated shoe-making production line, automatic ironing machines, indust… Read more
Ningbo Cixing (300307) - Net Assets
Latest net assets as of September 2025: CN¥3.25 Billion CNY
Based on the latest financial reports, Ningbo Cixing (300307) has net assets worth CN¥3.25 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¥4.46 Billion) and total liabilities (CN¥1.21 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¥3.25 Billion |
| % of Total Assets | 72.89% |
| Annual Growth Rate | 23.13% |
| 5-Year Change | 25.22% |
| 10-Year Change | -17.39% |
| Growth Volatility | 69.16 |
Ningbo Cixing - Net Assets Trend (2008–2024)
This chart illustrates how Ningbo Cixing's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ningbo Cixing (2008–2024)
The table below shows the annual net assets of Ningbo Cixing from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.20 Billion | +9.58% |
| 2023-12-31 | CN¥2.92 Billion | +7.57% |
| 2022-12-31 | CN¥2.71 Billion | +3.38% |
| 2021-12-31 | CN¥2.62 Billion | +2.76% |
| 2020-12-31 | CN¥2.55 Billion | -20.64% |
| 2019-12-31 | CN¥3.22 Billion | -20.92% |
| 2018-12-31 | CN¥4.07 Billion | -0.18% |
| 2017-12-31 | CN¥4.07 Billion | +3.39% |
| 2016-12-31 | CN¥3.94 Billion | +1.85% |
| 2015-12-31 | CN¥3.87 Billion | +3.12% |
| 2014-12-31 | CN¥3.75 Billion | -10.25% |
| 2013-12-31 | CN¥4.18 Billion | +5.06% |
| 2012-12-31 | CN¥3.98 Billion | +128.23% |
| 2011-12-31 | CN¥1.74 Billion | +110.94% |
| 2010-12-31 | CN¥826.21 Million | +230.26% |
| 2009-12-31 | CN¥250.17 Million | +118.68% |
| 2008-12-31 | CN¥114.40 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ningbo Cixing'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 189.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥86.18 Million | 2.69% |
| Common Stock | CN¥794.25 Million | 24.78% |
| Other Comprehensive Income | CN¥422.38 Million | 13.18% |
| Other Components | CN¥1.90 Billion | 59.35% |
| Total Equity | CN¥3.20 Billion | 100.00% |
Ningbo Cixing Competitors by Market Cap
The table below lists competitors of Ningbo Cixing ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kaleseramik Canakkale Kalebodur Seramik Sanayi A.S.
IS:KLSER
|
$407.62 Million |
|
Hangzhou Bio-Sincerity Pharma-Tech Co.Ltd.
SHE:301096
|
$407.82 Million |
|
RLH Properties S.A.B. de C.V
MX:RLHA
|
$407.92 Million |
|
Xiamen Insight Investment Co Ltd
SHE:000526
|
$408.02 Million |
|
Qianjiang Yongan Pharmaceutical Co Ltd
SHE:002365
|
$407.45 Million |
|
Dioo Microcircuits Co. Ltd. Jiangsu A
SHG:688381
|
$407.32 Million |
|
Ripley Corp
SN:RIPLEY
|
$407.32 Million |
|
Warteck Invest Ltd
SW:WARN
|
$407.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Cixing's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,957,181,133 to 3,204,927,900, a change of 247,746,767 (8.4%).
- Net income of 283,836,511 contributed positively to equity growth.
- Dividend payments of 81,573,555 reduced retained earnings.
- Other comprehensive income increased equity by 39,530,335.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥283.84 Million | +8.86% |
| Dividends Paid | CN¥81.57 Million | -2.55% |
| Other Comprehensive Income | CN¥39.53 Million | +1.23% |
| Other Changes | CN¥5.95 Million | +0.19% |
| Total Change | CN¥- | 8.38% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Cixing'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: 1.73x
- 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 12.22x to 1.73x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.58 | CN¥7.05 | x |
| 2009-12-31 | CN¥0.69 | CN¥7.05 | x |
| 2010-12-31 | CN¥1.21 | CN¥7.05 | x |
| 2011-12-31 | CN¥2.29 | CN¥7.05 | x |
| 2012-12-31 | CN¥5.14 | CN¥7.05 | x |
| 2013-12-31 | CN¥5.24 | CN¥7.05 | x |
| 2014-12-31 | CN¥4.63 | CN¥7.05 | x |
| 2015-12-31 | CN¥4.88 | CN¥7.05 | x |
| 2016-12-31 | CN¥4.72 | CN¥7.05 | x |
| 2017-12-31 | CN¥5.09 | CN¥7.05 | x |
| 2018-12-31 | CN¥4.99 | CN¥7.05 | x |
| 2019-12-31 | CN¥3.98 | CN¥7.05 | x |
| 2020-12-31 | CN¥3.25 | CN¥7.05 | x |
| 2021-12-31 | CN¥3.39 | CN¥7.05 | x |
| 2022-12-31 | CN¥3.52 | CN¥7.05 | x |
| 2023-12-31 | CN¥3.89 | CN¥7.05 | x |
| 2024-12-31 | CN¥4.06 | CN¥7.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Cixing 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): 8.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.80%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.55x
- Recent ROE (8.86%) is below the historical average (11.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 29.47% | 11.18% | 0.70x | 3.79x | CN¥22.27 Million |
| 2009 | 53.68% | 15.86% | 1.09x | 3.10x | CN¥109.28 Million |
| 2010 | 67.10% | 24.23% | 1.02x | 2.72x | CN¥470.11 Million |
| 2011 | 52.76% | 27.63% | 1.16x | 1.65x | CN¥744.28 Million |
| 2012 | 9.54% | 17.90% | 0.47x | 1.14x | CN¥-18.25 Million |
| 2013 | 6.68% | 13.94% | 0.41x | 1.16x | CN¥-138.75 Million |
| 2014 | -9.29% | -45.59% | 0.18x | 1.15x | CN¥-722.76 Million |
| 2015 | 2.67% | 13.70% | 0.18x | 1.06x | CN¥-282.38 Million |
| 2016 | 3.18% | 11.31% | 0.23x | 1.23x | CN¥-266.97 Million |
| 2017 | 5.89% | 17.00% | 0.27x | 1.29x | CN¥-166.59 Million |
| 2018 | 3.41% | 8.16% | 0.31x | 1.36x | CN¥-266.90 Million |
| 2019 | -27.42% | -57.48% | 0.38x | 1.24x | CN¥-1.19 Billion |
| 2020 | -20.59% | -42.74% | 0.35x | 1.39x | CN¥-783.03 Million |
| 2021 | 3.33% | 4.14% | 0.53x | 1.53x | CN¥-176.58 Million |
| 2022 | 3.32% | 4.80% | 0.43x | 1.61x | CN¥-183.77 Million |
| 2023 | 3.86% | 5.61% | 0.42x | 1.62x | CN¥-181.65 Million |
| 2024 | 8.86% | 12.80% | 0.45x | 1.55x | CN¥-36.66 Million |
Industry Comparison
This section compares Ningbo Cixing's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,756,582,101
- Average return on equity (ROE) among peers: 3.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Cixing (300307) | CN¥3.25 Billion | 29.47% | 0.37x | $407.47 Million |
| Huayi Compressor Co Ltd (000404) | $4.62 Billion | 6.27% | 1.54x | $442.00 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.64 Billion | 1.42% | 7.02x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.01 Billion | 5.39% | 0.56x | $1.99 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $253.05 Million | 8.02% | 1.40x | $521.27 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $2.55 Billion | 0.37% | 0.97x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $534.59 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.02 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $4.26 Billion | 10.07% | 2.30x | $779.89 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.87 Billion | 7.25% | 1.03x | $897.36 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $316.43 Million | 11.36% | 5.88x | $460.99 Million |