Ningbo Kbe Electrical Technology Co (300863) - Net Assets
Based on the latest financial reports, Ningbo Kbe Electrical Technology Co (300863) has net assets worth CN¥1.43 Billion CNY (≈ $209.00 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¥4.15 Billion ≈ $606.65 Million USD) and total liabilities (CN¥2.72 Billion ≈ $397.65 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 Ningbo Kbe Electrical Technology Co (300863) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.43 Billion |
| % of Total Assets | 34.45% |
| Annual Growth Rate | 40.82% |
| 5-Year Change | 131.48% |
| 10-Year Change | N/A |
| Growth Volatility | 39.01 |
Ningbo Kbe Electrical Technology Co - Net Assets Trend (2016–2024)
This chart illustrates how Ningbo Kbe Electrical Technology Co's net assets have evolved over time, based on quarterly financial data. Also explore Ningbo Kbe Electrical Technology Co total assets for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Kbe Electrical Technology Co (2016–2024)
The table below shows the annual net assets of Ningbo Kbe Electrical Technology Co from 2016 to 2024. For live valuation and market cap data, see Ningbo Kbe Electrical Technology Co (300863) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.34 Billion ≈ $196.54 Million |
+10.99% |
| 2023-12-31 | CN¥1.21 Billion ≈ $177.08 Million |
+53.65% |
| 2022-12-31 | CN¥787.55 Million ≈ $115.24 Million |
+18.87% |
| 2021-12-31 | CN¥662.53 Million ≈ $96.95 Million |
+14.18% |
| 2020-12-31 | CN¥580.24 Million ≈ $84.91 Million |
+86.30% |
| 2019-12-31 | CN¥311.45 Million ≈ $45.57 Million |
+24.03% |
| 2018-12-31 | CN¥251.10 Million ≈ $36.74 Million |
+26.94% |
| 2017-12-31 | CN¥197.81 Million ≈ $28.95 Million |
+127.72% |
| 2016-12-31 | CN¥86.87 Million ≈ $12.71 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Kbe Electrical 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 1873.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥654.83 Million | 48.75% |
| Common Stock | CN¥128.48 Million | 9.57% |
| Other Comprehensive Income | CN¥15.68 Million | 1.17% |
| Other Components | CN¥544.12 Million | 40.51% |
| Total Equity | CN¥1.34 Billion | 100.00% |
Ningbo Kbe Electrical Technology Co Competitors by Market Cap
The table below lists competitors of Ningbo Kbe Electrical Technology Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinhua Winshare Publishing and Media Co Ltd
SHG:601811
|
$1.57 Billion |
|
Landis+Gyr Group AG
SW:LAND
|
$1.58 Billion |
|
DoubleVerify Holdings Inc
NYSE:DV
|
$1.58 Billion |
|
Sonos Inc
NASDAQ:SONO
|
$1.58 Billion |
|
Beijing Sanju Environmental
SHE:300072
|
$1.57 Billion |
|
Intershop Holding AG
SW:ISN
|
$1.57 Billion |
|
Sanoma Oyj
HE:SANOMA
|
$1.57 Billion |
|
Inmyshow Digital Technology Group Co Ltd
SHG:600556
|
$1.57 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Kbe Electrical Technology Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,210,098,612 to 1,343,119,808, a change of 133,021,196 (11.0%).
- Net income of 161,654,495 contributed positively to equity growth.
- Dividend payments of 79,331,621 reduced retained earnings.
- Share repurchases of 353,012,310 reduced equity.
- Other comprehensive income increased equity by 15,682,225.
- Other factors increased equity by 388,028,407.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥161.65 Million | +12.04% |
| Dividends Paid | CN¥79.33 Million | -5.91% |
| Share Repurchases | CN¥353.01 Million | -26.28% |
| Other Comprehensive Income | CN¥15.68 Million | +1.17% |
| Other Changes | CN¥388.03 Million | +28.89% |
| Total Change | CN¥- | 10.99% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Kbe Electrical 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: 5.29x
- 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 37.67x to 5.29x 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¥1.52 | CN¥57.19 | x |
| 2017-12-31 | CN¥3.28 | CN¥57.19 | x |
| 2018-12-31 | CN¥4.04 | CN¥57.19 | x |
| 2019-12-31 | CN¥3.76 | CN¥57.19 | x |
| 2020-12-31 | CN¥7.00 | CN¥57.19 | x |
| 2021-12-31 | CN¥8.00 | CN¥57.19 | x |
| 2022-12-31 | CN¥9.51 | CN¥57.19 | x |
| 2023-12-31 | CN¥13.68 | CN¥57.19 | x |
| 2024-12-31 | CN¥10.80 | CN¥57.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Kbe Electrical 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): 12.04%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.43%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 2.79x
- Recent ROE (12.04%) is below the historical average (20.01%), 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 | 45.22% | 5.57% | 1.38x | 5.88x | CN¥30.54 Million |
| 2017 | 25.02% | 4.99% | 1.70x | 2.96x | CN¥29.71 Million |
| 2018 | 24.75% | 5.82% | 1.95x | 2.19x | CN¥37.03 Million |
| 2019 | 19.38% | 6.61% | 1.40x | 2.09x | CN¥29.20 Million |
| 2020 | 9.12% | 4.19% | 1.06x | 2.06x | CN¥-5.12 Million |
| 2021 | 13.03% | 3.81% | 1.05x | 3.25x | CN¥20.09 Million |
| 2022 | 17.78% | 4.75% | 1.24x | 3.03x | CN¥61.30 Million |
| 2023 | 13.71% | 4.81% | 1.23x | 2.33x | CN¥44.93 Million |
| 2024 | 12.04% | 4.43% | 0.97x | 2.79x | CN¥27.34 Million |
Industry Comparison
This section compares Ningbo Kbe Electrical Technology Co's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,600,803,038
- Average return on equity (ROE) among peers: 8.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Kbe Electrical Technology Co (300863) | CN¥1.43 Billion | 45.22% | 1.90x | $1.57 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $9.35 Billion | 10.17% | 1.39x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.63 Billion | 8.78% | 0.95x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $798.46 Million | 1.49% | 1.70x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $671.47 Million | 7.81% | 1.44x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $262.35 Million | 3.86% | 0.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.05 Billion | -7.53% | 1.24x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $941.64 Million | 8.22% | 0.72x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.65 Billion | 8.43% | 0.86x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $146.05 Million | 29.40% | 2.09x | $3.35 Billion |
About Ningbo Kbe Electrical Technology Co
Ningbo KBE Electrical Technology Co.,Ltd. provides automotive cable products and services in China and internationally. The company offers EV, data, and aluminum cables, as well as German, Japanese, American, ISO, and Chinese standard products. Its products include common wires, special materials, sheathed cables, shield cables, insulation low tension wires, multi-core sheath cables, and compress… Read more