NARI Technology Co Ltd
NARI Technology Co., Ltd., together with its subsidiaries, provides power intelligence solutions in China and internationally. It offers intelligent control, smart power generation, smart power transmission, smart substation, intelligent power distribution, smart electricity consumption, information and communications, comprehensive energy, intelligent operation and maintenance, industrial contro… Read more
NARI Technology Co Ltd (600406) - Net Assets
Latest net assets as of September 2025: CN¥52.74 Billion CNY
Based on the latest financial reports, NARI Technology Co Ltd (600406) has net assets worth CN¥52.74 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥92.82 Billion) and total liabilities (CN¥40.08 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥52.74 Billion |
| % of Total Assets | 56.82% |
| Annual Growth Rate | 30.4% |
| 5-Year Change | 44.91% |
| 10-Year Change | 546.98% |
| Growth Volatility | 65.23 |
NARI Technology Co Ltd - Net Assets Trend (2002–2024)
This chart illustrates how NARI Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for NARI Technology Co Ltd (2002–2024)
The table below shows the annual net assets of NARI Technology Co Ltd from 2002 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥52.74 Billion | +4.68% |
| 2023-12-31 | CN¥50.38 Billion | +11.07% |
| 2022-12-31 | CN¥45.36 Billion | +11.88% |
| 2021-12-31 | CN¥40.54 Billion | +11.41% |
| 2020-12-31 | CN¥36.39 Billion | +11.45% |
| 2019-12-31 | CN¥32.65 Billion | +11.13% |
| 2018-12-31 | CN¥29.38 Billion | +38.96% |
| 2017-12-31 | CN¥21.14 Billion | +136.22% |
| 2016-12-31 | CN¥8.95 Billion | +9.81% |
| 2015-12-31 | CN¥8.15 Billion | +12.92% |
| 2014-12-31 | CN¥7.22 Billion | +17.78% |
| 2013-12-31 | CN¥6.13 Billion | +56.96% |
| 2012-12-31 | CN¥3.90 Billion | +32.60% |
| 2011-12-31 | CN¥2.94 Billion | +30.37% |
| 2010-12-31 | CN¥2.26 Billion | +114.92% |
| 2009-12-31 | CN¥1.05 Billion | +7.35% |
| 2008-12-31 | CN¥978.93 Million | +1.38% |
| 2007-12-31 | CN¥965.61 Million | +13.64% |
| 2006-12-31 | CN¥849.70 Million | +12.35% |
| 2005-12-31 | CN¥756.32 Million | +9.73% |
| 2004-12-31 | CN¥689.28 Million | +13.70% |
| 2003-12-31 | CN¥606.21 Million | +295.38% |
| 2002-12-31 | CN¥153.32 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to NARI 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 62549.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥32.01 Billion | 65.02% |
| Common Stock | CN¥8.03 Billion | 16.32% |
| Other Components | CN¥9.18 Billion | 18.66% |
| Total Equity | CN¥49.22 Billion | 100.00% |
NARI Technology Co Ltd Competitors by Market Cap
The table below lists competitors of NARI Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tyler Technologies Inc
NYSE:TYL
|
$13.15 Billion |
|
Korea Shipbuilding & Offshore Engineering Co Ltd
KO:009540
|
$13.16 Billion |
|
Nitto Denko Corporation
PINK:NDEKF
|
$13.16 Billion |
|
Juniper Networks Inc
NYSE:JNPR
|
$13.18 Billion |
|
TKO Group Holdings, Inc.
NYSE:TKO
|
$13.13 Billion |
|
Avery Dennison Corp
NYSE:AVY
|
$13.11 Billion |
|
Shionogi & Co. Ltd
PINK:SGIOF
|
$13.10 Billion |
|
Alfa Laval AB (publ)
PINK:ALFVF
|
$13.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NARI Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 47,190,841,949 to 49,224,416,000, a change of 2,033,574,051 (4.3%).
- Net income of 7,610,121,306 contributed positively to equity growth.
- Dividend payments of 5,425,349,351 reduced retained earnings.
- Share repurchases of 11,834,392 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥7.61 Billion | +15.46% |
| Dividends Paid | CN¥5.43 Billion | -11.02% |
| Share Repurchases | CN¥11.83 Million | -0.02% |
| Other Changes | CN¥-139.36 Million | -0.28% |
| Total Change | CN¥- | 4.31% |
Book Value vs Market Value Analysis
This analysis compares NARI 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: 4.72x
- 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 1530.48x to 4.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2002-12-31 | CN¥0.02 | CN¥29.21 | x |
| 2003-12-31 | CN¥0.08 | CN¥29.21 | x |
| 2004-12-31 | CN¥0.08 | CN¥29.21 | x |
| 2005-12-31 | CN¥0.09 | CN¥29.21 | x |
| 2006-12-31 | CN¥0.10 | CN¥29.21 | x |
| 2007-12-31 | CN¥0.11 | CN¥29.21 | x |
| 2008-12-31 | CN¥0.12 | CN¥29.21 | x |
| 2009-12-31 | CN¥0.13 | CN¥29.21 | x |
| 2010-12-31 | CN¥0.28 | CN¥29.21 | x |
| 2011-12-31 | CN¥0.36 | CN¥29.21 | x |
| 2012-12-31 | CN¥0.48 | CN¥29.21 | x |
| 2013-12-31 | CN¥1.45 | CN¥29.21 | x |
| 2014-12-31 | CN¥1.71 | CN¥29.21 | x |
| 2015-12-31 | CN¥1.94 | CN¥29.21 | x |
| 2016-12-31 | CN¥1.26 | CN¥29.21 | x |
| 2017-12-31 | CN¥2.73 | CN¥29.21 | x |
| 2018-12-31 | CN¥3.59 | CN¥29.21 | x |
| 2019-12-31 | CN¥3.82 | CN¥29.21 | x |
| 2020-12-31 | CN¥4.30 | CN¥29.21 | x |
| 2021-12-31 | CN¥4.77 | CN¥29.21 | x |
| 2022-12-31 | CN¥5.34 | CN¥29.21 | x |
| 2023-12-31 | CN¥5.92 | CN¥29.21 | x |
| 2024-12-31 | CN¥6.18 | CN¥29.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NARI 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): 15.46%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.25%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.88x
- Recent ROE (15.46%) is below the historical average (17.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 23.38% | 10.28% | 0.96x | 2.37x | CN¥20.51 Million |
| 2003 | 9.31% | 15.15% | 0.45x | 1.36x | CN¥-4.18 Million |
| 2004 | 12.66% | 17.86% | 0.44x | 1.62x | CN¥17.82 Million |
| 2005 | 14.08% | 13.70% | 0.61x | 1.67x | CN¥29.72 Million |
| 2006 | 13.56% | 12.35% | 0.61x | 1.80x | CN¥29.05 Million |
| 2007 | 15.43% | 13.17% | 0.60x | 1.96x | CN¥50.10 Million |
| 2008 | 12.80% | 11.32% | 0.57x | 1.99x | CN¥27.42 Million |
| 2009 | 23.80% | 14.06% | 0.72x | 2.34x | CN¥145.04 Million |
| 2010 | 21.12% | 19.12% | 0.62x | 1.79x | CN¥249.88 Million |
| 2011 | 29.16% | 18.34% | 0.77x | 2.06x | CN¥561.64 Million |
| 2012 | 27.20% | 12.71% | 1.08x | 1.98x | CN¥667.74 Million |
| 2013 | 26.36% | 16.71% | 0.72x | 2.19x | CN¥993.11 Million |
| 2014 | 17.95% | 14.41% | 0.60x | 2.07x | CN¥568.33 Million |
| 2015 | 16.12% | 13.38% | 0.60x | 2.02x | CN¥493.43 Million |
| 2016 | 16.35% | 5.12% | 1.61x | 1.98x | CN¥562.13 Million |
| 2017 | 16.72% | 13.39% | 0.53x | 2.37x | CN¥1.30 Billion |
| 2018 | 14.98% | 14.58% | 0.55x | 1.88x | CN¥1.38 Billion |
| 2019 | 14.23% | 13.39% | 0.56x | 1.88x | CN¥1.29 Billion |
| 2020 | 14.21% | 12.60% | 0.58x | 1.93x | CN¥1.44 Billion |
| 2021 | 14.85% | 13.30% | 0.58x | 1.91x | CN¥1.84 Billion |
| 2022 | 15.18% | 13.77% | 0.61x | 1.81x | CN¥2.20 Billion |
| 2023 | 15.22% | 13.91% | 0.60x | 1.82x | CN¥2.46 Billion |
| 2024 | 15.46% | 13.25% | 0.62x | 1.88x | CN¥2.69 Billion |
Industry Comparison
This section compares NARI Technology 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: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NARI Technology Co Ltd (600406) | CN¥52.74 Billion | 23.38% | 0.76x | $13.14 Billion |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |