Ningbo Joy Intelligent Logistics Technology Co.Ltd. (301198) - Net Assets
Based on the latest financial reports, Ningbo Joy Intelligent Logistics Technology Co.Ltd. (301198) has net assets worth CN¥914.15 Million CNY (≈ $133.77 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¥1.19 Billion ≈ $174.61 Million USD) and total liabilities (CN¥279.12 Million ≈ $40.84 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 301198 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥914.15 Million |
| % of Total Assets | 76.61% |
| Annual Growth Rate | 32.5% |
| 5-Year Change | 154.96% |
| 10-Year Change | N/A |
| Growth Volatility | 59.26 |
Ningbo Joy Intelligent Logistics Technology Co.Ltd. - Net Assets Trend (2017–2024)
This chart illustrates how Ningbo Joy Intelligent Logistics Technology Co.Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore 301198 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Joy Intelligent Logistics Technology Co.Ltd. (2017–2024)
The table below shows the annual net assets of Ningbo Joy Intelligent Logistics Technology Co.Ltd. from 2017 to 2024. For live valuation and market cap data, see market value of Ningbo Joy Intelligent Logistics Technol.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥918.85 Million ≈ $134.46 Million |
-3.71% |
| 2023-12-31 | CN¥954.28 Million ≈ $139.64 Million |
+0.90% |
| 2022-12-31 | CN¥945.78 Million ≈ $138.40 Million |
+4.54% |
| 2021-12-31 | CN¥904.68 Million ≈ $132.38 Million |
+151.03% |
| 2020-12-31 | CN¥360.39 Million ≈ $52.74 Million |
+19.51% |
| 2019-12-31 | CN¥301.57 Million ≈ $44.13 Million |
+7.75% |
| 2018-12-31 | CN¥279.87 Million ≈ $40.95 Million |
+118.39% |
| 2017-12-31 | CN¥128.15 Million ≈ $18.75 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Joy Intelligent Logistics Technology 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 610.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥207.38 Million | 22.58% |
| Common Stock | CN¥169.00 Million | 18.40% |
| Other Components | CN¥542.18 Million | 59.03% |
| Total Equity | CN¥918.56 Million | 100.00% |
Ningbo Joy Intelligent Logistics Technology Co.Ltd. Competitors by Market Cap
The table below lists competitors of Ningbo Joy Intelligent Logistics Technology Co.Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chongqing Sansheng Building Materials Co Ltd
SHE:002742
|
$467.49 Million |
|
Beijing Kaiwen Education Technology Co Ltd
SHE:002659
|
$467.50 Million |
|
Shahe Industry Co Ltd
SHE:000014
|
$467.53 Million |
|
Shandong Cynda Chemcial Co Ltd
SHG:603086
|
$467.66 Million |
|
SAMT Co. Ltd
KQ:031330
|
$467.36 Million |
|
Balaji Amines Limited
NSE:BALAMINES
|
$467.32 Million |
|
Sam Hwa Capaci
KO:001820
|
$467.29 Million |
|
Farmland Partners Inc
NYSE:FPI
|
$467.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Joy Intelligent Logistics Technology Co.Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 953,939,311 to 918,562,190, a change of -35,377,121 (-3.7%).
- Net loss of 11,837,222 reduced equity.
- Dividend payments of 26,572,063 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-11.84 Million | -1.29% |
| Dividends Paid | CN¥26.57 Million | -2.89% |
| Other Changes | CN¥3.03 Million | +0.33% |
| Total Change | CN¥- | -3.71% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Joy Intelligent Logistics Technology 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: 3.48x
- 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 7.80x to 3.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.42 | CN¥18.90 | x |
| 2018-12-31 | CN¥2.31 | CN¥18.90 | x |
| 2019-12-31 | CN¥1.78 | CN¥18.90 | x |
| 2020-12-31 | CN¥2.13 | CN¥18.90 | x |
| 2021-12-31 | CN¥5.35 | CN¥18.90 | x |
| 2022-12-31 | CN¥5.59 | CN¥18.90 | x |
| 2023-12-31 | CN¥5.55 | CN¥18.90 | x |
| 2024-12-31 | CN¥5.43 | CN¥18.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Joy Intelligent Logistics Technology 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): -1.29%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.23%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.44x
- Recent ROE (-1.29%) is below the historical average (12.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 29.07% | 14.76% | 0.98x | 2.02x | CN¥24.44 Million |
| 2018 | 23.61% | 20.65% | 0.75x | 1.53x | CN¥38.09 Million |
| 2019 | 17.56% | 22.45% | 0.63x | 1.25x | CN¥22.79 Million |
| 2020 | 16.32% | 21.98% | 0.61x | 1.22x | CN¥22.78 Million |
| 2021 | 6.71% | 16.73% | 0.36x | 1.13x | CN¥-29.74 Million |
| 2022 | 6.96% | 15.38% | 0.38x | 1.19x | CN¥-28.71 Million |
| 2023 | 3.79% | 8.96% | 0.31x | 1.36x | CN¥-59.27 Million |
| 2024 | -1.29% | -3.23% | 0.28x | 1.44x | CN¥-103.69 Million |
Industry Comparison
This section compares Ningbo Joy Intelligent Logistics Technology Co.Ltd.'s net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $2,177,553,438
- Average return on equity (ROE) among peers: 2.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Joy Intelligent Logistics Technology Co.Ltd. (301198) | CN¥914.15 Million | 29.07% | 0.31x | $467.40 Million |
| Zhuhai Zhongfu Enterprise Co Ltd (000659) | $2.42 Billion | 2.89% | 1.12x | $758.20 Million |
| Huangshan Novel Co Ltd (002014) | $1.51 Billion | 11.70% | 0.26x | $1.00 Billion |
| Shenzhen Jinjia Color Printing Group Co Ltd (002191) | $4.37 Billion | 16.48% | 0.23x | $805.15 Million |
| Xiamen Hexing Packaging Printing Co Ltd (002228) | $830.41 Million | 8.56% | 0.96x | $692.47 Million |
| Shenzhen Beauty Star Co Ltd (002243) | $128.26 Million | 25.54% | 1.46x | $1.51 Billion |
| Zhejiang Great Southeast Co Ltd (002263) | $2.79 Billion | -6.65% | 0.42x | $1.11 Billion |
| Shenzhen MYS Environmental Protection & Technology Co Ltd (002303) | $4.97 Billion | 2.71% | 0.49x | $761.87 Million |
| Shandong Lipeng Co Ltd (002374) | $1.32 Billion | -51.89% | 1.91x | $511.34 Million |
| Zhejiang Zhongcheng Packing Material Co Ltd (002522) | $1.36 Billion | 4.42% | 0.28x | $841.65 Million |
| Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565) | $2.06 Billion | 11.10% | 0.50x | $2.95 Billion |
About Ningbo Joy Intelligent Logistics Technology Co.Ltd.
Ningbo Joy Intelligent Logistics Technology Co.,Ltd. engages in the research and development, production, and sale of recyclable packaging appliances. The company's products include turnover boxes, customized blisters, customized material racks, standard heaven and earth covers, and customized internal materials, as well as new retail series storage boxes. Its products are used in the production,… Read more