Fujian Nebula Electronics Co Ltd (300648) - Net Assets

Latest as of September 2025: CN¥1.36 Billion CNY ≈ $199.37 Million USD

Based on the latest financial reports, Fujian Nebula Electronics Co Ltd (300648) has net assets worth CN¥1.36 Billion CNY (≈ $199.37 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¥2.70 Billion ≈ $395.82 Million USD) and total liabilities (CN¥1.34 Billion ≈ $196.44 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 Fujian Nebula Electronics Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.36 Billion
% of Total Assets	50.37%
Annual Growth Rate	29.27%
5-Year Change	29.43%
10-Year Change	340.66%
Growth Volatility	45.32

Fujian Nebula Electronics Co Ltd - Net Assets Trend (2012–2024)

This chart illustrates how Fujian Nebula Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300648 asset base for the complete picture of this company's asset base.

Annual Net Assets for Fujian Nebula Electronics Co Ltd (2012–2024)

The table below shows the annual net assets of Fujian Nebula Electronics Co Ltd from 2012 to 2024. For live valuation and market cap data, see 300648 market cap overview.

Year	Net Assets	Change
2024-12-31	CN¥769.99 Million ≈ $112.67 Million	-10.72%
2023-12-31	CN¥862.44 Million ≈ $126.20 Million	-18.67%
2022-12-31	CN¥1.06 Billion ≈ $155.17 Million	-1.17%
2021-12-31	CN¥1.07 Billion ≈ $157.00 Million	+80.35%
2020-12-31	CN¥594.89 Million ≈ $87.05 Million	+10.90%
2019-12-31	CN¥536.43 Million ≈ $78.50 Million	+0.81%
2018-12-31	CN¥532.10 Million ≈ $77.86 Million	+2.94%
2017-12-31	CN¥516.91 Million ≈ $75.64 Million	+131.61%
2016-12-31	CN¥223.18 Million ≈ $32.66 Million	+27.73%
2015-12-31	CN¥174.74 Million ≈ $25.57 Million	+58.93%
2014-12-31	CN¥109.94 Million ≈ $16.09 Million	+85.19%
2013-12-31	CN¥59.37 Million ≈ $8.69 Million	+67.84%
2012-12-31	CN¥35.37 Million ≈ $5.18 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Fujian Nebula Electronics 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 decreased by 149.4% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥147.78 Million	19.21%
Other Comprehensive Income	CN¥31.61 Million	4.11%
Other Components	CN¥601.55 Million	78.19%
Total Equity	CN¥769.31 Million	100.00%

Fujian Nebula Electronics Co Ltd Competitors by Market Cap

The table below lists competitors of Fujian Nebula Electronics Co Ltd ranked by their market capitalization.

Company	Market Cap
Hengdian Group Tospo Lighting Co Ltd SHG:603303	$1.26 Billion
RPC Inc NYSE:RES	$1.26 Billion
Wizz Air Holdings Plc F:WI2	$1.26 Billion
HUANLEJIA Food Group Co. Ltd. SHE:300997	$1.26 Billion
ITMAX System Berhad KLSE:5309	$1.26 Billion
Jiangxi Guotai Civilian SHG:603977	$1.26 Billion
Chengdu Gas Group Co Ltd SHG:603053	$1.26 Billion
Lightspeed Commerce Inc TO:LSPD	$1.26 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Fujian Nebula Electronics Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 860,515,935 to 769,306,957, a change of -91,208,978 (-10.6%).
Net loss of 82,448,793 reduced equity.
Dividend payments of 27,433,448 reduced retained earnings.
Other comprehensive income increased equity by 31,543,753.
Other factors decreased equity by 12,870,490.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-82.45 Million	-10.72%
Dividends Paid	CN¥27.43 Million	-3.57%
Other Comprehensive Income	CN¥31.54 Million	+4.1%
Other Changes	CN¥-12.87 Million	-1.67%
Total Change	CN¥-	-10.60%

Book Value vs Market Value Analysis

This analysis compares Fujian Nebula Electronics 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: 9.50x
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 130.56x to 9.50x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	CN¥0.38	CN¥49.46	x
2013-12-31	CN¥0.64	CN¥49.46	x
2014-12-31	CN¥1.20	CN¥49.46	x
2015-12-31	CN¥1.76	CN¥49.46	x
2016-12-31	CN¥2.19	CN¥49.46	x
2017-12-31	CN¥3.98	CN¥49.46	x
2018-12-31	CN¥3.92	CN¥49.46	x
2019-12-31	CN¥3.93	CN¥49.46	x
2020-12-31	CN¥4.34	CN¥49.46	x
2021-12-31	CN¥7.13	CN¥49.46	x
2022-12-31	CN¥7.03	CN¥49.46	x
2023-12-31	CN¥5.82	CN¥49.46	x
2024-12-31	CN¥5.21	CN¥49.46	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Fujian Nebula Electronics 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): -10.72%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -7.56%
• Asset Turnover: 0.52x
• Equity Multiplier: 2.73x
Recent ROE (-10.72%) is below the historical average (11.26%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	52.03%	38.19%	1.00x	1.36x	CN¥14.60 Million
2013	36.13%	35.57%	0.79x	1.28x	CN¥15.36 Million
2014	16.98%	23.43%	0.49x	1.49x	CN¥7.68 Million
2015	17.03%	21.08%	0.53x	1.52x	CN¥12.29 Million
2016	22.82%	22.40%	0.58x	1.76x	CN¥28.53 Million
2017	12.12%	20.29%	0.48x	1.26x	CN¥10.96 Million
2018	3.87%	6.78%	0.43x	1.33x	CN¥-32.52 Million
2019	0.67%	0.97%	0.40x	1.73x	CN¥-49.64 Million
2020	9.70%	9.91%	0.47x	2.06x	CN¥-1.76 Million
2021	7.27%	9.38%	0.41x	1.90x	CN¥-28.56 Million
2022	0.86%	0.71%	0.50x	2.40x	CN¥-96.65 Million
2023	-22.41%	-21.27%	0.37x	2.85x	CN¥-278.92 Million
2024	-10.72%	-7.56%	0.52x	2.73x	CN¥-159.38 Million

Industry Comparison

This section compares Fujian Nebula Electronics Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $2,126,582,124
Average return on equity (ROE) among peers: 8.28%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Fujian Nebula Electronics Co Ltd (300648)	CN¥1.36 Billion	52.03%	0.99x	$1.26 Billion
XJ Electric Co Ltd (000400)	$2.20 Billion	5.89%	1.09x	$3.75 Billion
Guangdong Macro Co Ltd (000533)	$874.93 Million	-1.17%	1.71x	$1.28 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.71 Billion	7.84%	0.11x	$1.02 Billion
Dongfang Electronics Co Ltd (000682)	$86.35 Million	23.75%	0.85x	$2.56 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.31 Billion	8.55%	0.86x	$834.77 Million
Huagong Tech Co Ltd (000988)	$1.22 Billion	3.70%	0.93x	$17.59 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.54 Billion	5.61%	1.58x	$1.79 Billion
Sieyuan Electric Co Ltd (002028)	$65.21 Million	33.34%	0.57x	$22.29 Billion
Shanghai Welltech Automation Co Ltd (002058)	$183.97 Million	-6.05%	0.22x	$526.87 Million
Gotion High tech Co Ltd (002074)	$11.08 Billion	1.35%	1.51x	$9.75 Billion

About Fujian Nebula Electronics Co Ltd

SHE:300648 China Electrical Equipment & Parts

Market Cap

$1.26 Billion

CN¥8.62 Billion CNY

Market Cap Rank

#8103 Global

#2043 in China

Share Price

CN¥49.46

Change (1 day)

+0.37%

52-Week Range

CN¥28.72 - CN¥63.52

All Time High

CN¥78.93