NARI Technology Co Ltd (600406) - Net Assets

Latest as of March 2026: CN¥57.33 Billion CNY ≈ $8.39 Billion USD

Based on the latest financial reports, NARI Technology Co Ltd (600406) has net assets worth CN¥57.33 Billion CNY (≈ $8.39 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥95.86 Billion ≈ $14.03 Billion USD) and total liabilities (CN¥38.53 Billion ≈ $5.64 Billion 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 tangible net worth ratio of NARI Technology Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥57.33 Billion
% of Total Assets	59.81%
Annual Growth Rate	29.29%
5-Year Change	39.26%
10-Year Change	530.78%
Growth Volatility	64.14

NARI Technology Co Ltd - Net Assets Trend (2002–2025)

This chart illustrates how NARI Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600406 defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for NARI Technology Co Ltd (2002–2025)

The table below shows the annual net assets of NARI Technology Co Ltd from 2002 to 2025. For live valuation and market cap data, see 600406 company net worth.

Year	Net Assets	Change
2025-12-31	CN¥56.46 Billion ≈ $8.26 Billion	+7.06%
2024-12-31	CN¥52.74 Billion ≈ $7.72 Billion	+4.68%
2023-12-31	CN¥50.38 Billion ≈ $7.37 Billion	+11.07%
2022-12-31	CN¥45.36 Billion ≈ $6.64 Billion	+11.88%
2021-12-31	CN¥40.54 Billion ≈ $5.93 Billion	+11.41%
2020-12-31	CN¥36.39 Billion ≈ $5.33 Billion	+11.45%
2019-12-31	CN¥32.65 Billion ≈ $4.78 Billion	+11.13%
2018-12-31	CN¥29.38 Billion ≈ $4.30 Billion	+38.96%
2017-12-31	CN¥21.14 Billion ≈ $3.09 Billion	+136.22%
2016-12-31	CN¥8.95 Billion ≈ $1.31 Billion	+9.81%
2015-12-31	CN¥8.15 Billion ≈ $1.19 Billion	+12.92%
2014-12-31	CN¥7.22 Billion ≈ $1.06 Billion	+17.78%
2013-12-31	CN¥6.13 Billion ≈ $896.85 Million	+56.96%
2012-12-31	CN¥3.90 Billion ≈ $571.38 Million	+32.60%
2011-12-31	CN¥2.94 Billion ≈ $430.89 Million	+30.37%
2010-12-31	CN¥2.26 Billion ≈ $330.51 Million	+114.92%
2009-12-31	CN¥1.05 Billion ≈ $153.78 Million	+7.35%
2008-12-31	CN¥978.93 Million ≈ $143.25 Million	+1.38%
2007-12-31	CN¥965.61 Million ≈ $141.30 Million	+13.64%
2006-12-31	CN¥849.70 Million ≈ $124.34 Million	+12.35%
2005-12-31	CN¥756.32 Million ≈ $110.67 Million	+9.73%
2004-12-31	CN¥689.28 Million ≈ $100.86 Million	+13.70%
2003-12-31	CN¥606.21 Million ≈ $88.71 Million	+295.38%
2002-12-31	CN¥153.32 Million ≈ $22.44 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 68525.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥35.06 Billion	66.60%
Other Components	CN¥17.59 Billion	33.40%
Total Equity	CN¥52.65 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
ABN Amro Group NV AS:ABN	$27.13 Billion
Edison International NYSE:EIX	$27.16 Billion
China Northern Rare Earth Group High-Tech Co Ltd SHG:600111	$27.19 Billion
Kongsberg Gruppen ASA OL:KOG	$27.21 Billion
Advanced Info Service Public Company Limited F:NVAA	$27.07 Billion
Kraft Heinz Co NASDAQ:KHC	$27.06 Billion
Tata Steel Limited NSE:TATASTEEL	$27.05 Billion
Shinhan Financial Group Co Ltd NYSE:SHG	$27.03 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 2024 to 2025, total equity changed from 49,224,416,000 to 52,646,425,095, a change of 3,422,009,095 (7.0%).
Net income of 8,278,971,723 contributed positively to equity growth.
Dividend payments of 4,668,762,783 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥8.28 Billion	+15.73%
Dividends Paid	CN¥4.67 Billion	-8.87%
Other Changes	CN¥-188.20 Million	-0.36%
Total Change	CN¥-	6.95%

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: 3.52x
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 1208.25x to 3.52x 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¥23.06	x
2003-12-31	CN¥0.08	CN¥23.06	x
2004-12-31	CN¥0.08	CN¥23.06	x
2005-12-31	CN¥0.09	CN¥23.06	x
2006-12-31	CN¥0.10	CN¥23.06	x
2007-12-31	CN¥0.11	CN¥23.06	x
2008-12-31	CN¥0.12	CN¥23.06	x
2009-12-31	CN¥0.13	CN¥23.06	x
2010-12-31	CN¥0.28	CN¥23.06	x
2011-12-31	CN¥0.36	CN¥23.06	x
2012-12-31	CN¥0.48	CN¥23.06	x
2013-12-31	CN¥1.45	CN¥23.06	x
2014-12-31	CN¥1.71	CN¥23.06	x
2015-12-31	CN¥1.94	CN¥23.06	x
2016-12-31	CN¥1.26	CN¥23.06	x
2017-12-31	CN¥2.73	CN¥23.06	x
2018-12-31	CN¥3.59	CN¥23.06	x
2019-12-31	CN¥3.82	CN¥23.06	x
2020-12-31	CN¥4.30	CN¥23.06	x
2021-12-31	CN¥4.77	CN¥23.06	x
2022-12-31	CN¥5.34	CN¥23.06	x
2023-12-31	CN¥5.92	CN¥23.06	x
2024-12-31	CN¥6.18	CN¥23.06	x
2025-12-31	CN¥6.55	CN¥23.06	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): 15.73%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 12.50%
• Asset Turnover: 0.67x
• Equity Multiplier: 1.87x
Recent ROE (15.73%) is below the historical average (17.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
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
2025	15.73%	12.50%	0.67x	1.87x	CN¥3.01 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: $2,053,540,271
Average return on equity (ROE) among peers: 4.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
NARI Technology Co Ltd (600406)	CN¥57.33 Billion	23.38%	0.67x	$27.10 Billion
Huayi Compressor Co Ltd (000404)	$2.70 Billion	6.94%	1.45x	$768.94 Million
Shenyang Machine Tool Co Ltd (000410)	$1.11 Billion	8.63%	3.77x	$1.98 Billion
North Industries Group Red Arrow Co Ltd (000519)	$9.75 Billion	8.40%	0.54x	$4.14 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$657.04 Million	17.35%	0.68x	$478.11 Million
Changchai Co Ltd (000570)	$2.06 Billion	3.02%	0.72x	$409.83 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$437.03 Million	6.41%	1.13x	$32.29 Million
Baota Industry Co Ltd (000595)	$356.47 Million	-22.08%	1.87x	$1.07 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$303.55 Million	4.59%	0.79x	$1.10 Billion
J.S. Corrugating Machinery Co Ltd (000821)	$2.36 Billion	2.28%	1.62x	$788.41 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$803.92 Million	9.00%	0.67x	$1.83 Billion

About NARI Technology Co Ltd

SHG:600406 China Specialty Industrial Machinery

Market Cap

$27.10 Billion

CN¥185.21 Billion CNY

Market Cap Rank

#989 Global

#78 in China

Share Price

CN¥23.06

Change (1 day)

-1.11%

52-Week Range

CN¥21.30 - CN¥31.52

All Time High

CN¥282.38