Ningbo Fuda Co Ltd (600724) - Net Assets
Based on the latest financial reports, Ningbo Fuda Co Ltd (600724) has net assets worth CN¥3.16 Billion CNY (≈ $462.76 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.99 Billion ≈ $584.34 Million USD) and total liabilities (CN¥830.87 Million ≈ $121.58 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 Fuda Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.16 Billion |
| % of Total Assets | 79.19% |
| Annual Growth Rate | 10.26% |
| 5-Year Change | -5.96% |
| 10-Year Change | 2.3% |
| Growth Volatility | 34.21 |
Ningbo Fuda Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how Ningbo Fuda Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Ningbo Fuda Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Fuda Co Ltd (2000–2024)
The table below shows the annual net assets of Ningbo Fuda Co Ltd from 2000 to 2024. For live valuation and market cap data, see 600724 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.27 Billion ≈ $478.75 Million |
-3.06% |
| 2023-12-31 | CN¥3.37 Billion ≈ $493.84 Million |
-1.86% |
| 2022-12-31 | CN¥3.44 Billion ≈ $503.21 Million |
-4.42% |
| 2021-12-31 | CN¥3.60 Billion ≈ $526.47 Million |
+3.41% |
| 2020-12-31 | CN¥3.48 Billion ≈ $509.10 Million |
+1.88% |
| 2019-12-31 | CN¥3.41 Billion ≈ $499.70 Million |
+17.20% |
| 2018-12-31 | CN¥2.91 Billion ≈ $426.36 Million |
+16.75% |
| 2017-12-31 | CN¥2.50 Billion ≈ $365.19 Million |
-27.31% |
| 2016-12-31 | CN¥3.43 Billion ≈ $502.41 Million |
+7.36% |
| 2015-12-31 | CN¥3.20 Billion ≈ $467.98 Million |
-28.85% |
| 2014-12-31 | CN¥4.49 Billion ≈ $657.74 Million |
-5.62% |
| 2013-12-31 | CN¥4.76 Billion ≈ $696.88 Million |
+6.70% |
| 2012-12-31 | CN¥4.46 Billion ≈ $653.10 Million |
+6.72% |
| 2011-12-31 | CN¥4.18 Billion ≈ $611.97 Million |
+20.31% |
| 2010-12-31 | CN¥3.48 Billion ≈ $508.66 Million |
+28.18% |
| 2009-12-31 | CN¥2.71 Billion ≈ $396.82 Million |
+148.20% |
| 2008-12-31 | CN¥1.09 Billion ≈ $159.88 Million |
+8.30% |
| 2007-12-31 | CN¥1.01 Billion ≈ $147.62 Million |
+19.04% |
| 2006-12-31 | CN¥847.44 Million ≈ $124.01 Million |
+6.97% |
| 2005-12-31 | CN¥792.25 Million ≈ $115.93 Million |
-9.75% |
| 2004-12-31 | CN¥877.88 Million ≈ $128.46 Million |
+24.47% |
| 2003-12-31 | CN¥705.26 Million ≈ $103.20 Million |
+16.53% |
| 2002-12-31 | CN¥605.22 Million ≈ $88.56 Million |
+9.77% |
| 2001-12-31 | CN¥551.37 Million ≈ $80.68 Million |
+75.57% |
| 2000-12-31 | CN¥314.05 Million ≈ $45.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Fuda 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 1086.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥768.82 Million | 26.64% |
| Other Components | CN¥2.12 Billion | 73.36% |
| Total Equity | CN¥2.89 Billion | 100.00% |
Ningbo Fuda Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Fuda Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ingersoll Rand (India) Limited
NSE:INGERRAND
|
$1.50 Billion |
|
Karooooo Ltd
NASDAQ:KARO
|
$1.50 Billion |
|
Bringspring Science and Tech
SHE:300290
|
$1.50 Billion |
|
Huludao Zinc Industry Co Ltd
SHE:000751
|
$1.50 Billion |
|
Proeduca Altus S.A.
MC:PRO
|
$1.50 Billion |
|
Zhejiang Shaoxing RuiFeng Rural Commercial Bank Co Ltd
SHG:601528
|
$1.50 Billion |
|
Kirloskar Brothers Limited
NSE:KIRLOSBROS
|
$1.50 Billion |
|
LPI Capital Bhd
KLSE:8621
|
$1.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Fuda Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,893,004,844 to 2,885,727,964, a change of -7,276,879 (-0.3%).
- Net income of 209,818,909 contributed positively to equity growth.
- Dividend payments of 234,153,886 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥209.82 Million | +7.27% |
| Dividends Paid | CN¥234.15 Million | -8.11% |
| Other Changes | CN¥17.06 Million | +0.59% |
| Total Change | CN¥- | -0.25% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Fuda 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: 3.55x
- 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 5.98x to 3.55x 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¥1.19 | CN¥7.09 | x |
| 2018-12-31 | CN¥1.70 | CN¥7.09 | x |
| 2019-12-31 | CN¥2.02 | CN¥7.09 | x |
| 2020-12-31 | CN¥2.04 | CN¥7.09 | x |
| 2021-12-31 | CN¥2.07 | CN¥7.09 | x |
| 2022-12-31 | CN¥1.99 | CN¥7.09 | x |
| 2023-12-31 | CN¥2.00 | CN¥7.09 | x |
| 2024-12-31 | CN¥2.00 | CN¥7.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Fuda 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): 7.27%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.34%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.46x
- Recent ROE (7.27%) is above the historical average (6.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 14.45% | 9.19% | 0.86x | 1.83x | CN¥13.34 Million |
| 2001 | 13.40% | 10.13% | 0.72x | 1.83x | CN¥18.02 Million |
| 2002 | 11.21% | 7.91% | 0.61x | 2.33x | CN¥6.59 Million |
| 2003 | 11.47% | 6.13% | 0.68x | 2.73x | CN¥9.08 Million |
| 2004 | 11.19% | 5.77% | 0.80x | 2.43x | CN¥8.24 Million |
| 2005 | 3.53% | 2.08% | 0.47x | 3.60x | CN¥-41.58 Million |
| 2006 | 6.93% | 3.30% | 0.67x | 3.14x | CN¥-20.96 Million |
| 2007 | 5.78% | 2.98% | 0.63x | 3.09x | CN¥-30.90 Million |
| 2008 | 6.49% | 3.85% | 0.58x | 2.93x | CN¥-27.26 Million |
| 2009 | 9.61% | 14.04% | 0.16x | 4.20x | CN¥-9.39 Million |
| 2010 | 12.44% | 11.73% | 0.15x | 6.85x | CN¥66.45 Million |
| 2011 | 19.00% | 15.90% | 0.20x | 5.97x | CN¥302.27 Million |
| 2012 | 9.78% | 6.64% | 0.24x | 6.01x | CN¥-7.93 Million |
| 2013 | 10.63% | 7.86% | 0.26x | 5.21x | CN¥24.23 Million |
| 2014 | 2.97% | 2.09% | 0.29x | 4.97x | CN¥-264.31 Million |
| 2015 | -47.12% | -42.18% | 0.15x | 7.22x | CN¥-1.40 Billion |
| 2016 | 4.92% | 2.29% | 0.36x | 5.99x | CN¥-131.24 Million |
| 2017 | -50.89% | -20.98% | 0.29x | 8.36x | CN¥-1.04 Billion |
| 2018 | 30.36% | 14.47% | 0.66x | 3.20x | CN¥501.11 Million |
| 2019 | 16.68% | 15.49% | 0.65x | 1.64x | CN¥195.06 Million |
| 2020 | 14.28% | 18.02% | 0.56x | 1.41x | CN¥126.41 Million |
| 2021 | 12.04% | 15.41% | 0.55x | 1.43x | CN¥61.05 Million |
| 2022 | 8.48% | 7.50% | 0.75x | 1.51x | CN¥-43.63 Million |
| 2023 | 7.96% | 7.27% | 0.68x | 1.60x | CN¥-59.15 Million |
| 2024 | 7.27% | 12.34% | 0.40x | 1.46x | CN¥-78.75 Million |
Industry Comparison
This section compares Ningbo Fuda Co Ltd's net assets metrics with peer companies in the Real Estate Services industry.
Industry Context
- Industry: Real Estate Services
- Average net assets among peers: $2,505,465,750
- Average return on equity (ROE) among peers: 3.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Fuda Co Ltd (600724) | CN¥3.16 Billion | 14.45% | 0.26x | $1.50 Billion |
| Shenzhen SEG Co Ltd (000058) | $2.45 Billion | 1.14% | 1.91x | $1.19 Billion |
| 5I5j Holding Group Co Ltd (000560) | $10.35 Billion | 8.00% | 0.88x | $1.07 Billion |
| DongGuan Winnerway Industrial Zone Ltd (000573) | $1.41 Billion | 0.29% | 0.61x | $465.13 Million |
| Beijing Mainstreets Investment (000609) | $513.62 Million | 6.22% | 0.34x | $663.01 Million |
| Rongfeng Holding Group (000668) | $682.87 Million | -5.99% | 1.97x | $357.55 Million |
| Sanxiang Co Ltd (000863) | $-1.04 Billion | 0.00% | 0.00x | $922.61 Million |
| China Merchants Property Operation & Service Co Ltd (001914) | $4.89 Billion | 17.53% | 1.71x | $1.63 Billion |
| Shenzhen Worldunion Properties Consultancy Inc (002285) | $3.78 Billion | -29.87% | 1.37x | $930.25 Million |
| Chongqing New Dazheng Property Grp (002968) | $269.33 Million | 32.70% | 0.85x | $403.63 Million |
| Shenzhen SEG Co Ltd (200058) | $1.76 Billion | 6.12% | 0.45x | $56.32 Million |
About Ningbo Fuda Co Ltd
Ningbo Fuda Company Limited engages in the urban commercial real estate operation and management in China. The company operates shopping centers, boutique department stores, fashion and trendy brand malls, urban fashion and leisure commercial complexes, and historical blocks. It also manufactures and sells cement building materials; and sells fuel oil. Ningbo Fuda Company Limited was incorporated… Read more