Nanjing Baose Co Ltd (300402) - Net Assets
Based on the latest financial reports, Nanjing Baose Co Ltd (300402) has net assets worth CN¥1.52 Billion CNY (≈ $222.16 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.54 Billion ≈ $372.40 Million USD) and total liabilities (CN¥1.03 Billion ≈ $150.24 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 Nanjing Baose Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.52 Billion |
| % of Total Assets | 59.66% |
| Annual Growth Rate | 11.65% |
| 5-Year Change | 136.72% |
| 10-Year Change | 152.04% |
| Growth Volatility | 27.75 |
Nanjing Baose Co Ltd - Net Assets Trend (2008–2025)
This chart illustrates how Nanjing Baose Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Nanjing Baose Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Nanjing Baose Co Ltd (2008–2025)
The table below shows the annual net assets of Nanjing Baose Co Ltd from 2008 to 2025. For live valuation and market cap data, see Nanjing Baose Co Ltd (300402) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.50 Billion ≈ $219.51 Million |
+2.63% |
| 2024-12-31 | CN¥1.46 Billion ≈ $213.89 Million |
+3.21% |
| 2023-12-31 | CN¥1.42 Billion ≈ $207.24 Million |
+110.17% |
| 2022-12-31 | CN¥673.86 Million ≈ $98.61 Million |
+6.34% |
| 2021-12-31 | CN¥633.69 Million ≈ $92.73 Million |
-7.05% |
| 2020-12-31 | CN¥681.77 Million ≈ $99.77 Million |
+5.28% |
| 2019-12-31 | CN¥647.58 Million ≈ $94.76 Million |
+4.77% |
| 2018-12-31 | CN¥618.13 Million ≈ $90.45 Million |
+2.05% |
| 2017-12-31 | CN¥605.71 Million ≈ $88.63 Million |
+1.77% |
| 2016-12-31 | CN¥595.17 Million ≈ $87.09 Million |
-14.59% |
| 2015-12-31 | CN¥696.81 Million ≈ $101.96 Million |
-0.62% |
| 2014-12-31 | CN¥701.12 Million ≈ $102.60 Million |
+54.01% |
| 2013-12-31 | CN¥455.24 Million ≈ $66.62 Million |
+14.42% |
| 2012-12-31 | CN¥397.86 Million ≈ $58.22 Million |
+16.18% |
| 2011-12-31 | CN¥342.46 Million ≈ $50.11 Million |
+11.70% |
| 2010-12-31 | CN¥306.58 Million ≈ $44.86 Million |
+15.80% |
| 2009-12-31 | CN¥264.75 Million ≈ $38.74 Million |
+14.87% |
| 2008-12-31 | CN¥230.47 Million ≈ $33.72 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Nanjing Baose 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 24839.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥285.60 Million | 19.04% |
| Other Components | CN¥1.21 Billion | 80.96% |
| Total Equity | CN¥1.50 Billion | 100.00% |
Nanjing Baose Co Ltd Competitors by Market Cap
The table below lists competitors of Nanjing Baose Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vestum AB (publ)
ST:VESTUM
|
$629.29 Million |
|
Ho Tung Chemical Corp
TW:1714
|
$629.39 Million |
|
Mediterranean Towers Ltd
TA:MDTR
|
$629.43 Million |
|
Zhejiang Wellsun Intelligent Tech
SHE:300882
|
$629.46 Million |
|
BCI Minerals Limited
F:BC3
|
$628.64 Million |
|
PT Bukalapak.com
JK:BUKA
|
$628.59 Million |
|
Beijing Thunisoft Co Ltd
SHE:300271
|
$628.46 Million |
|
Yunnan Tourism Co Ltd
SHE:002059
|
$628.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nanjing Baose Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,461,650,891 to 1,500,091,363, a change of 38,440,472 (2.6%).
- Net income of 54,113,848 contributed positively to equity growth.
- Dividend payments of 26,593,016 reduced retained earnings.
- Other comprehensive income decreased equity by 71,009,119.
- Other factors increased equity by 81,928,759.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥54.11 Million | +3.61% |
| Dividends Paid | CN¥26.59 Million | -1.77% |
| Other Comprehensive Income | CN¥-71.01 Million | -4.73% |
| Other Changes | CN¥81.93 Million | +5.46% |
| Total Change | CN¥- | 2.63% |
Book Value vs Market Value Analysis
This analysis compares Nanjing Baose 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: 2.86x
- 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 10.87x to 2.86x 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¥1.60 | CN¥17.41 | x |
| 2009-12-31 | CN¥1.78 | CN¥17.41 | x |
| 2010-12-31 | CN¥2.05 | CN¥17.41 | x |
| 2011-12-31 | CN¥2.27 | CN¥17.41 | x |
| 2012-12-31 | CN¥2.66 | CN¥17.41 | x |
| 2013-12-31 | CN¥3.01 | CN¥17.41 | x |
| 2014-12-31 | CN¥4.25 | CN¥17.41 | x |
| 2015-12-31 | CN¥3.34 | CN¥17.41 | x |
| 2016-12-31 | CN¥2.93 | CN¥17.41 | x |
| 2017-12-31 | CN¥2.87 | CN¥17.41 | x |
| 2018-12-31 | CN¥2.96 | CN¥17.41 | x |
| 2019-12-31 | CN¥3.21 | CN¥17.41 | x |
| 2020-12-31 | CN¥3.38 | CN¥17.41 | x |
| 2021-12-31 | CN¥3.14 | CN¥17.41 | x |
| 2022-12-31 | CN¥3.34 | CN¥17.41 | x |
| 2023-12-31 | CN¥6.46 | CN¥17.41 | x |
| 2024-12-31 | CN¥6.00 | CN¥17.41 | x |
| 2025-12-31 | CN¥6.08 | CN¥17.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nanjing Baose 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): 3.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.91%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.72x
- Recent ROE (3.61%) is below the historical average (6.37%), 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 | 9.37% | 3.16% | 0.84x | 3.54x | CN¥-1.46 Million |
| 2009 | 12.95% | 4.94% | 0.74x | 3.54x | CN¥7.80 Million |
| 2010 | 13.64% | 7.04% | 0.60x | 3.25x | CN¥11.17 Million |
| 2011 | 16.32% | 7.24% | 0.67x | 3.34x | CN¥21.64 Million |
| 2012 | 13.92% | 7.51% | 0.65x | 2.87x | CN¥15.61 Million |
| 2013 | 12.60% | 7.27% | 0.65x | 2.67x | CN¥11.86 Million |
| 2014 | 6.59% | 6.72% | 0.45x | 2.16x | CN¥-23.91 Million |
| 2015 | 0.60% | 0.62% | 0.44x | 2.18x | CN¥-65.51 Million |
| 2016 | -16.74% | -39.45% | 0.19x | 2.23x | CN¥-159.13 Million |
| 2017 | 1.74% | 2.39% | 0.34x | 2.13x | CN¥-50.03 Million |
| 2018 | 2.37% | 2.05% | 0.48x | 2.42x | CN¥-47.18 Million |
| 2019 | 5.33% | 3.76% | 0.53x | 2.65x | CN¥-30.25 Million |
| 2020 | 5.93% | 3.70% | 0.63x | 2.53x | CN¥-27.72 Million |
| 2021 | 8.35% | 4.21% | 0.67x | 2.94x | CN¥-10.45 Million |
| 2022 | 8.94% | 4.28% | 0.66x | 3.17x | CN¥-7.13 Million |
| 2023 | 4.53% | 3.76% | 0.66x | 1.83x | CN¥-77.50 Million |
| 2024 | 4.68% | 4.01% | 0.71x | 1.65x | CN¥-77.77 Million |
| 2025 | 3.61% | 3.91% | 0.54x | 1.72x | CN¥-95.90 Million |
Industry Comparison
This section compares Nanjing Baose Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,053,540,271
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nanjing Baose Co Ltd (300402) | CN¥1.52 Billion | 9.37% | 0.68x | $628.73 Million |
| Huayi Compressor Co Ltd (000404) | $2.70 Billion | 6.94% | 1.45x | $768.94 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.11 Billion | 8.63% | 3.77x | $1.98 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.75 Billion | 8.40% | 0.54x | $4.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $657.04 Million | 17.35% | 0.68x | $478.11 Million |
| Changchai Co Ltd (000570) | $2.06 Billion | 3.02% | 0.72x | $409.83 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $437.03 Million | 6.41% | 1.13x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $356.47 Million | -22.08% | 1.87x | $1.07 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.10 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $788.41 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $803.92 Million | 9.00% | 0.67x | $1.83 Billion |
About Nanjing Baose Co Ltd
Nanjing Baose Co., Ltd. engages in the research and development, design, manufacture, and installation of special material pressure vessels and pipe fittings of titanium, zirconium, nickel, tantalum, and stainless steel in China. The company offers reactors, condensers, towers, crystallizers and supporting special material pipes and fittings for ultra-large PTA plants, as well as heat exchangers,… Read more