Ningbo Fubang (600768) - Net Assets

Latest as of September 2025: CN¥471.11 Million CNY ≈ $68.94 Million USD

Based on the latest financial reports, Ningbo Fubang (600768) has net assets worth CN¥471.11 Million CNY (≈ $68.94 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¥1.02 Billion ≈ $149.30 Million USD) and total liabilities (CN¥549.20 Million ≈ $80.37 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. Explore 600768 cash generation efficiency to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥471.11 Million
% of Total Assets 46.17%
Annual Growth Rate 8.02%
5-Year Change 68.68%
10-Year Change 874.1%
Growth Volatility 46.7

Ningbo Fubang - Net Assets Trend (1993–2024)

This chart illustrates how Ningbo Fubang's net assets have evolved over time, based on quarterly financial data. Explore long-term investment intensity of Ningbo Fubang to see how much of total assets are deployed in long-term investments.

Annual Net Assets for Ningbo Fubang (1993–2024)

The table below shows the annual net assets of Ningbo Fubang from 1993 to 2024. For live valuation and market cap data, see how much is Ningbo Fubang worth.

Year Net Assets Change
2024-12-31 CN¥448.80 Million
≈ $65.67 Million		 +9.93%
2023-12-31 CN¥408.24 Million
≈ $59.74 Million		 +4.01%
2022-12-31 CN¥392.50 Million
≈ $57.44 Million		 +77.63%
2021-12-31 CN¥220.97 Million
≈ $32.33 Million		 -16.95%
2020-12-31 CN¥266.06 Million
≈ $38.93 Million		 +18.40%
2019-12-31 CN¥224.72 Million
≈ $32.88 Million		 +113.47%
2018-12-31 CN¥105.27 Million
≈ $15.40 Million		 -22.04%
2017-12-31 CN¥135.04 Million
≈ $19.76 Million		 +109.73%
2016-12-31 CN¥64.39 Million
≈ $9.42 Million		 +39.75%
2015-12-31 CN¥46.07 Million
≈ $6.74 Million		 -53.39%
2014-12-31 CN¥98.84 Million
≈ $14.46 Million		 -1.03%
2013-12-31 CN¥99.87 Million
≈ $14.61 Million		 -28.45%
2012-12-31 CN¥139.57 Million
≈ $20.42 Million		 +1.35%
2011-12-31 CN¥137.72 Million
≈ $20.15 Million		 -4.57%
2010-12-31 CN¥144.31 Million
≈ $21.12 Million		 +8.33%
2009-12-31 CN¥133.22 Million
≈ $19.49 Million		 +11.41%
2008-12-31 CN¥119.57 Million
≈ $17.50 Million		 -43.67%
2007-12-31 CN¥212.26 Million
≈ $31.06 Million		 +27.13%
2006-12-31 CN¥166.96 Million
≈ $24.43 Million		 +2.69%
2005-12-31 CN¥162.58 Million
≈ $23.79 Million		 +4.61%
2004-12-31 CN¥155.43 Million
≈ $22.74 Million		 +11.33%
2003-12-31 CN¥139.60 Million
≈ $20.43 Million		 +35.21%
2002-12-31 CN¥103.25 Million
≈ $15.11 Million		 +31.17%
2001-12-31 CN¥78.72 Million
≈ $11.52 Million		 -3.45%
2000-12-31 CN¥81.53 Million
≈ $11.93 Million		 -45.58%
1999-12-31 CN¥149.83 Million
≈ $21.92 Million		 -2.80%
1998-12-31 CN¥154.14 Million
≈ $22.56 Million		 +13.05%
1997-12-31 CN¥136.34 Million
≈ $19.95 Million		 +11.49%
1996-12-31 CN¥122.30 Million
≈ $17.90 Million		 +174.08%
1995-12-31 CN¥44.62 Million
≈ $6.53 Million		 +7.64%
1994-12-31 CN¥41.45 Million
≈ $6.07 Million		 +1.01%
1993-12-31 CN¥41.04 Million
≈ $6.01 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Ningbo Fubang'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 31717.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥234.97 Million 62.19%
Common Stock CN¥133.75 Million 35.40%
Other Comprehensive Income CN¥9.08 Million 2.40%
Other Components CN¥1.00 0.00%
Total Equity CN¥377.79 Million 100.00%

Ningbo Fubang Competitors by Market Cap

The table below lists competitors of Ningbo Fubang ranked by their market capitalization.

Company Market Cap
Materialise NV
NASDAQ:MTLS
 $319.66 Million
Ve Wong Corp
TW:1203
 $319.78 Million
Korea Electronic Power Industrial Development Co Ltd
KO:130660
 $319.90 Million
Greenwich Lifesciences Inc
NASDAQ:GLSI
 $319.90 Million
Invivyd Inc.
NASDAQ:IVVD
 $319.57 Million
Castro
TA:CAST
 $319.52 Million
Southern Score Builders Berhad
KLSE:0045
 $319.52 Million
Grupo Traxión S.A.B. de C.V
MX:TRAXIONA
 $319.42 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ningbo Fubang's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 408,240,131 to 377,792,849, a change of -30,447,282 (-7.5%).
  • Net income of 1,562,706 contributed positively to equity growth.
  • Dividend payments of 12,316,280 reduced retained earnings.
  • Other comprehensive income increased equity by 9,077,900.
  • Other factors decreased equity by 28,771,608.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.56 Million +0.41%
Dividends Paid CN¥12.32 Million -3.26%
Other Comprehensive Income CN¥9.08 Million +2.4%
Other Changes CN¥-28.77 Million -7.62%
Total Change CN¥- -7.46%

Book Value vs Market Value Analysis

This analysis compares Ningbo Fubang'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: 6.75x
  • 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 51.10x to 6.75x 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¥0.32 CN¥16.33 x
1994-12-31 CN¥0.32 CN¥16.33 x
1995-12-31 CN¥0.35 CN¥16.33 x
1996-12-31 CN¥0.95 CN¥16.33 x
1997-12-31 CN¥1.06 CN¥16.33 x
1998-12-31 CN¥1.20 CN¥16.33 x
1999-12-31 CN¥1.17 CN¥16.33 x
2000-12-31 CN¥0.63 CN¥16.33 x
2001-12-31 CN¥0.61 CN¥16.33 x
2002-12-31 CN¥0.80 CN¥16.33 x
2003-12-31 CN¥1.09 CN¥16.33 x
2004-12-31 CN¥1.21 CN¥16.33 x
2005-12-31 CN¥1.27 CN¥16.33 x
2006-12-31 CN¥1.30 CN¥16.33 x
2007-12-31 CN¥1.57 CN¥16.33 x
2008-12-31 CN¥0.89 CN¥16.33 x
2009-12-31 CN¥0.98 CN¥16.33 x
2010-12-31 CN¥1.08 CN¥16.33 x
2011-12-31 CN¥1.12 CN¥16.33 x
2012-12-31 CN¥1.03 CN¥16.33 x
2013-12-31 CN¥0.75 CN¥16.33 x
2014-12-31 CN¥0.72 CN¥16.33 x
2015-12-31 CN¥0.34 CN¥16.33 x
2016-12-31 CN¥0.49 CN¥16.33 x
2017-12-31 CN¥1.01 CN¥16.33 x
2018-12-31 CN¥0.78 CN¥16.33 x
2019-12-31 CN¥1.68 CN¥16.33 x
2020-12-31 CN¥1.69 CN¥16.33 x
2021-12-31 CN¥1.65 CN¥16.33 x
2022-12-31 CN¥2.93 CN¥16.33 x
2023-12-31 CN¥3.11 CN¥16.33 x
2024-12-31 CN¥2.42 CN¥16.33 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ningbo Fubang 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): 0.41%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.15%
  • • Asset Turnover: 0.98x
  • • Equity Multiplier: 2.82x
  • Recent ROE (0.41%) is below the historical average (2.44%), 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 2.12% 1.49% 0.87x 1.64x CN¥-3.23 Million
1994 10.61% 6.25% 0.90x 1.89x CN¥253.15K
1995 17.77% 10.78% 0.90x 1.82x CN¥3.47 Million
1996 11.06% 11.80% 0.74x 1.27x CN¥1.30 Million
1997 10.05% 12.25% 0.59x 1.39x CN¥68.33K
1998 11.61% 12.14% 0.68x 1.42x CN¥2.48 Million
1999 6.14% 6.09% 0.52x 1.96x CN¥-5.78 Million
2000 -35.10% -21.33% 0.57x 2.87x CN¥-36.77 Million
2001 0.36% 0.14% 0.79x 3.36x CN¥-7.59 Million
2002 23.76% 8.05% 1.01x 2.91x CN¥14.21 Million
2003 26.04% 13.89% 0.60x 3.14x CN¥22.40 Million
2004 13.03% 4.42% 0.91x 3.24x CN¥4.71 Million
2005 6.61% 1.87% 1.08x 3.28x CN¥-5.51 Million
2006 5.09% 1.04% 1.32x 3.70x CN¥-8.19 Million
2007 1.85% 0.44% 1.34x 3.12x CN¥-17.29 Million
2008 -49.80% -8.42% 1.22x 4.87x CN¥-71.50 Million
2009 1.64% 0.42% 0.89x 4.38x CN¥-11.14 Million
2010 14.46% 2.43% 1.41x 4.21x CN¥6.44 Million
2011 -3.58% -0.46% 1.56x 5.00x CN¥-18.70 Million
2012 3.68% 0.52% 1.41x 4.98x CN¥-8.83 Million
2013 -38.11% -4.25% 1.27x 7.07x CN¥-48.04 Million
2014 2.63% 0.31% 1.18x 7.25x CN¥-7.28 Million
2015 -114.53% -6.48% 1.34x 13.20x CN¥-57.38 Million
2016 28.44% 2.42% 1.05x 11.20x CN¥11.88 Million
2017 52.32% 8.78% 1.40x 4.26x CN¥57.15 Million
2018 -29.51% -4.21% 1.14x 6.14x CN¥-41.60 Million
2019 49.66% 21.57% 1.71x 1.35x CN¥89.13 Million
2020 0.64% 0.29% 1.23x 1.78x CN¥-21.20 Million
2021 1.10% 0.58% 1.27x 1.48x CN¥-19.66 Million
2022 43.70% 56.59% 0.54x 1.43x CN¥132.28 Million
2023 3.86% 4.78% 0.57x 1.42x CN¥-25.08 Million
2024 0.41% 0.15% 0.98x 2.82x CN¥-36.22 Million

Industry Comparison

This section compares Ningbo Fubang's net assets metrics with peer companies in the Aluminum industry.

Industry Context

  • Industry: Aluminum
  • Average net assets among peers: $5,428,921,786
  • Average return on equity (ROE) among peers: 17.09%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ningbo Fubang (600768) CN¥471.11 Million 2.12% 1.17x $319.60 Million
Jiaozuo Wanfang Aluminum (000612) $172.67 Million 27.40% 1.72x $2.11 Billion
Yunnan Aluminium Co Ltd (000807) $25.28 Billion 18.07% 0.55x $15.14 Billion
Henan Shenhuo Coal & Power Co Ltd (000933) $4.69 Billion 12.79% 3.17x $10.07 Billion
Guangdong Hongtu Technology Holdings Co Ltd (002101) $985.62 Million 7.89% 0.78x $874.87 Million
Jiangsu Alcha Aluminium Co Ltd (002160) $607.69 Million 0.96% 1.42x $696.70 Million
Nanjing Yunhai Special Metals Co Ltd (002182) $1.55 Billion 9.97% 1.40x $2.19 Billion
ZYF Lopsking Aluminum Co Ltd (002333) $1.47 Billion 14.02% 0.11x $507.64 Million
Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379) $177.45 Million 25.62% 2.25x $41.28 Billion
Jilin Liyuan Precision Manufacturing Co Ltd (002501) $62.19 Million 44.29% 7.71x $753.24 Million
Tianshan Aluminum Group Co Ltd (002532) $19.30 Billion 9.91% 1.62x $10.57 Billion

About Ningbo Fubang

SHG:600768 China Aluminum
Market Cap
$319.60 Million
CN¥2.18 Billion CNY
Market Cap Rank
#14716 Global
#4487 in China
Share Price
CN¥16.33
Change (1 day)
-3.94%
52-Week Range
CN¥10.47 - CN¥19.32
All Time High
CN¥25.58
Categories
Companies in China Aluminum
About

Ningbo Fubang Jingye Group Co.,Ltd engages in the production, processing, and sale of industrial aluminum plates, strips, and aluminum profiles in China and internationally. It also trades in aluminum casting rods, as well as offers warehousing services. The company also engages in automobile repair, coal wholesale, manufacturing and processing of non-ferrous metal composite materials, new alloy … Read more