Ningbo United Group Co Ltd (600051) - Net Assets
Based on the latest financial reports, Ningbo United Group Co Ltd (600051) has net assets worth CN¥3.72 Billion CNY (≈ $544.10 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¥4.87 Billion ≈ $712.84 Million USD) and total liabilities (CN¥1.15 Billion ≈ $168.74 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 United Group Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.72 Billion |
| % of Total Assets | 76.33% |
| Annual Growth Rate | 10.92% |
| 5-Year Change | 14.04% |
| 10-Year Change | 81.84% |
| Growth Volatility | 28.93 |
Ningbo United Group Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Ningbo United Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Ningbo United Group Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Ningbo United Group Co Ltd (1993–2024)
The table below shows the annual net assets of Ningbo United Group Co Ltd from 1993 to 2024. For live valuation and market cap data, see 600051 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.71 Billion ≈ $543.10 Million |
+0.87% |
| 2023-12-31 | CN¥3.68 Billion ≈ $538.41 Million |
+1.24% |
| 2022-12-31 | CN¥3.63 Billion ≈ $531.81 Million |
+3.46% |
| 2021-12-31 | CN¥3.51 Billion ≈ $514.02 Million |
+7.94% |
| 2020-12-31 | CN¥3.25 Billion ≈ $476.22 Million |
+16.04% |
| 2019-12-31 | CN¥2.80 Billion ≈ $410.37 Million |
+5.61% |
| 2018-12-31 | CN¥2.66 Billion ≈ $388.58 Million |
-1.49% |
| 2017-12-31 | CN¥2.70 Billion ≈ $394.47 Million |
+27.52% |
| 2016-12-31 | CN¥2.11 Billion ≈ $309.34 Million |
+3.57% |
| 2015-12-31 | CN¥2.04 Billion ≈ $298.67 Million |
-1.32% |
| 2014-12-31 | CN¥2.07 Billion ≈ $302.65 Million |
+9.73% |
| 2013-12-31 | CN¥1.88 Billion ≈ $275.82 Million |
-5.44% |
| 2012-12-31 | CN¥1.99 Billion ≈ $291.68 Million |
+4.43% |
| 2011-12-31 | CN¥1.91 Billion ≈ $279.32 Million |
+3.73% |
| 2010-12-31 | CN¥1.84 Billion ≈ $269.26 Million |
+12.02% |
| 2009-12-31 | CN¥1.64 Billion ≈ $240.36 Million |
+18.95% |
| 2008-12-31 | CN¥1.38 Billion ≈ $202.08 Million |
-6.73% |
| 2007-12-31 | CN¥1.48 Billion ≈ $216.66 Million |
+6.38% |
| 2006-12-31 | CN¥1.39 Billion ≈ $203.68 Million |
+68.82% |
| 2005-12-31 | CN¥824.46 Million ≈ $120.64 Million |
-6.55% |
| 2004-12-31 | CN¥882.22 Million ≈ $129.10 Million |
-8.80% |
| 2003-12-31 | CN¥967.33 Million ≈ $141.55 Million |
-12.17% |
| 2002-12-31 | CN¥1.10 Billion ≈ $161.16 Million |
+16.59% |
| 2001-12-31 | CN¥944.63 Million ≈ $138.23 Million |
+4.78% |
| 2000-12-31 | CN¥901.51 Million ≈ $131.92 Million |
+1.10% |
| 1999-12-31 | CN¥891.70 Million ≈ $130.48 Million |
-2.64% |
| 1998-12-31 | CN¥915.85 Million ≈ $134.02 Million |
+4.59% |
| 1997-12-31 | CN¥875.64 Million ≈ $128.13 Million |
+133.83% |
| 1996-12-31 | CN¥374.47 Million ≈ $54.80 Million |
+8.54% |
| 1995-12-31 | CN¥345.02 Million ≈ $50.49 Million |
+73.03% |
| 1994-12-31 | CN¥199.40 Million ≈ $29.18 Million |
+33.50% |
| 1993-12-31 | CN¥149.36 Million ≈ $21.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo United Group 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 478928.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.51 Billion | 74.50% |
| Common Stock | CN¥310.88 Million | 9.23% |
| Other Comprehensive Income | CN¥414.85 Million | 12.32% |
| Other Components | CN¥132.86 Million | 3.95% |
| Total Equity | CN¥3.37 Billion | 100.00% |
Ningbo United Group Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo United Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hai An Transport and Stevedoring JSC
VN:HAH
|
$353.50 Million |
|
Shoppers Stop Limited
NSE:SHOPERSTOP
|
$353.57 Million |
|
Innovative Solutions and Support
NASDAQ:ISSC
|
$353.61 Million |
|
Shenzhen Institute of Building Research Co Ltd Class A
SHE:300675
|
$353.69 Million |
|
Huaiji Dengyun Auto-parts Holding Co Ltd
SHE:002715
|
$353.39 Million |
|
Beijing Hanjian Heshan Pipeline Co Ltd
SHG:603616
|
$353.31 Million |
|
Alcor Micro
TWO:8054
|
$353.24 Million |
|
Aclaris Therapeutics Inc
NASDAQ:ACRS
|
$353.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo United Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,323,000,605 to 3,366,870,844, a change of 43,870,239 (1.3%).
- Net income of 81,174,878 contributed positively to equity growth.
- Dividend payments of 69,371,670 reduced retained earnings.
- Other comprehensive income increased equity by 16,919,420.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥81.17 Million | +2.41% |
| Dividends Paid | CN¥69.37 Million | -2.06% |
| Other Comprehensive Income | CN¥16.92 Million | +0.5% |
| Other Changes | CN¥15.15 Million | +0.45% |
| Total Change | CN¥- | 1.32% |
Book Value vs Market Value Analysis
This analysis compares Ningbo United Group 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: 0.72x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 13.66x to 0.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.57 | CN¥7.77 | x |
| 1994-12-31 | CN¥0.76 | CN¥7.77 | x |
| 1995-12-31 | CN¥1.24 | CN¥7.77 | x |
| 1996-12-31 | CN¥1.30 | CN¥7.77 | x |
| 1997-12-31 | CN¥3.06 | CN¥7.77 | x |
| 1998-12-31 | CN¥3.15 | CN¥7.77 | x |
| 1999-12-31 | CN¥3.05 | CN¥7.77 | x |
| 2000-12-31 | CN¥3.04 | CN¥7.77 | x |
| 2001-12-31 | CN¥3.13 | CN¥7.77 | x |
| 2002-12-31 | CN¥3.27 | CN¥7.77 | x |
| 2003-12-31 | CN¥3.23 | CN¥7.77 | x |
| 2004-12-31 | CN¥3.17 | CN¥7.77 | x |
| 2005-12-31 | CN¥2.98 | CN¥7.77 | x |
| 2006-12-31 | CN¥3.55 | CN¥7.77 | x |
| 2007-12-31 | CN¥4.42 | CN¥7.77 | x |
| 2008-12-31 | CN¥4.04 | CN¥7.77 | x |
| 2009-12-31 | CN¥4.83 | CN¥7.77 | x |
| 2010-12-31 | CN¥5.55 | CN¥7.77 | x |
| 2011-12-31 | CN¥5.84 | CN¥7.77 | x |
| 2012-12-31 | CN¥6.25 | CN¥7.77 | x |
| 2013-12-31 | CN¥5.92 | CN¥7.77 | x |
| 2014-12-31 | CN¥6.18 | CN¥7.77 | x |
| 2015-12-31 | CN¥6.19 | CN¥7.77 | x |
| 2016-12-31 | CN¥6.25 | CN¥7.77 | x |
| 2017-12-31 | CN¥7.86 | CN¥7.77 | x |
| 2018-12-31 | CN¥7.69 | CN¥7.77 | x |
| 2019-12-31 | CN¥8.56 | CN¥7.77 | x |
| 2020-12-31 | CN¥9.49 | CN¥7.77 | x |
| 2021-12-31 | CN¥10.08 | CN¥7.77 | x |
| 2022-12-31 | CN¥10.47 | CN¥7.77 | x |
| 2023-12-31 | CN¥10.69 | CN¥7.77 | x |
| 2024-12-31 | CN¥10.83 | CN¥7.77 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo United Group 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): 2.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.54%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.55x
- Recent ROE (2.41%) is below the historical average (11.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 33.70% | 6.09% | 1.26x | 4.40x | CN¥35.40 Million |
| 1994 | 37.50% | 8.23% | 1.20x | 3.81x | CN¥54.83 Million |
| 1995 | 31.38% | 8.73% | 1.38x | 2.61x | CN¥69.85 Million |
| 1996 | 27.82% | 13.01% | 0.77x | 2.78x | CN¥60.91 Million |
| 1997 | 14.82% | 10.73% | 0.79x | 1.76x | CN¥38.73 Million |
| 1998 | 6.17% | 3.95% | 0.81x | 1.94x | CN¥-31.62 Million |
| 1999 | 4.49% | 1.80% | 1.20x | 2.07x | CN¥-44.15 Million |
| 2000 | 6.28% | 1.70% | 1.61x | 2.31x | CN¥-29.66 Million |
| 2001 | 6.60% | 1.49% | 1.59x | 2.78x | CN¥-27.93 Million |
| 2002 | 3.80% | 0.82% | 1.40x | 3.32x | CN¥-53.19 Million |
| 2003 | 2.62% | 0.43% | 1.41x | 4.36x | CN¥-62.64 Million |
| 2004 | 3.56% | 0.70% | 1.69x | 3.01x | CN¥-53.53 Million |
| 2005 | 5.48% | 1.37% | 0.81x | 4.91x | CN¥-35.35 Million |
| 2006 | 21.67% | 4.70% | 1.29x | 3.57x | CN¥125.87 Million |
| 2007 | 6.11% | 2.22% | 0.98x | 2.81x | CN¥-51.84 Million |
| 2008 | 10.16% | 3.90% | 0.91x | 2.86x | CN¥1.95 Million |
| 2009 | 8.70% | 4.04% | 0.62x | 3.46x | CN¥-18.89 Million |
| 2010 | 10.08% | 4.86% | 0.66x | 3.16x | CN¥1.38 Million |
| 2011 | 12.85% | 5.50% | 0.76x | 3.06x | CN¥50.45 Million |
| 2012 | 1.76% | 1.09% | 0.47x | 3.45x | CN¥-155.09 Million |
| 2013 | 3.38% | 2.13% | 0.37x | 4.35x | CN¥-117.79 Million |
| 2014 | 6.15% | 2.57% | 0.58x | 4.13x | CN¥-71.59 Million |
| 2015 | 6.78% | 3.44% | 0.46x | 4.32x | CN¥-60.38 Million |
| 2016 | 7.68% | 3.55% | 0.51x | 4.21x | CN¥-44.95 Million |
| 2017 | 19.85% | 6.81% | 1.04x | 2.80x | CN¥238.72 Million |
| 2018 | 10.41% | 6.15% | 0.61x | 2.77x | CN¥9.74 Million |
| 2019 | 12.03% | 8.26% | 0.49x | 2.99x | CN¥54.01 Million |
| 2020 | 17.02% | 10.22% | 0.70x | 2.39x | CN¥207.03 Million |
| 2021 | 13.53% | 11.38% | 0.61x | 1.95x | CN¥110.62 Million |
| 2022 | 4.61% | 5.64% | 0.41x | 1.97x | CN¥-175.46 Million |
| 2023 | 3.20% | 6.02% | 0.32x | 1.67x | CN¥-226.10 Million |
| 2024 | 2.41% | 4.54% | 0.34x | 1.55x | CN¥-255.51 Million |
Industry Comparison
This section compares Ningbo United Group Co Ltd's net assets metrics with peer companies in the Industrial Distribution industry.
Industry Context
- Industry: Industrial Distribution
- Average net assets among peers: $4,135,572,754
- Average return on equity (ROE) among peers: -43.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo United Group Co Ltd (600051) | CN¥3.72 Billion | 33.70% | 0.31x | $353.47 Million |
| China National Complete Plant Import & Export Corp Ltd (000151) | $1.02 Billion | 13.26% | 1.38x | $584.52 Million |
| Sichuan Goldstone Orient New Material Equipment Co Ltd (300434) | $403.06 Million | 6.33% | 0.20x | $672.53 Million |
| Zhe Jiang Dong Ri Ltd Co (600113) | $739.16 Million | 14.16% | 0.43x | $2.75 Billion |
| Shandong Hiking International Co Ltd Class A (600735) | $59.19 Million | -306.71% | 2.42x | $464.30 Million |
| Orient Group Inc (600811) | $19.74 Billion | 3.86% | 1.41x | $192.74 Million |
| Asian Star Anchor Chain Co Ltd Jiangsu (601890) | $2.86 Billion | 5.25% | 0.35x | $1.53 Billion |
About Ningbo United Group Co Ltd
Ningbo United Group Co.,Ltd., together with its subsidiaries, engages in the commercial trade business in China. The company operates through Real Estate; Thermal Power; Commercial Trade; and Others segments. It imports and exports various products, including coal, chemical products, clothing, textiles, shoes, etc, etc. and offers foreign trade services, such as customs clearance, warehousing, ta… Read more