Ningbo Marine Co Ltd (600798) - Net Assets
Based on the latest financial reports, Ningbo Marine Co Ltd (600798) has net assets worth CN¥5.02 Billion CNY (≈ $734.90 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¥6.90 Billion ≈ $1.01 Billion USD) and total liabilities (CN¥1.88 Billion ≈ $275.04 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 Marine Co Ltd (600798) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.02 Billion |
| % of Total Assets | 72.77% |
| Annual Growth Rate | 16.38% |
| 5-Year Change | 5.02% |
| 10-Year Change | 65.18% |
| Growth Volatility | 47.3 |
Ningbo Marine Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Ningbo Marine Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Ningbo Marine Co Ltd (600798) total assets for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Marine Co Ltd (1993–2024)
The table below shows the annual net assets of Ningbo Marine Co Ltd from 1993 to 2024. For live valuation and market cap data, see how much is Ningbo Marine Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.12 Billion ≈ $749.58 Million |
-1.37% |
| 2023-12-31 | CN¥5.19 Billion ≈ $759.96 Million |
+1.95% |
| 2022-12-31 | CN¥5.09 Billion ≈ $745.46 Million |
-0.77% |
| 2021-12-31 | CN¥5.13 Billion ≈ $751.21 Million |
+5.25% |
| 2020-12-31 | CN¥4.88 Billion ≈ $713.75 Million |
+3.05% |
| 2019-12-31 | CN¥4.73 Billion ≈ $692.64 Million |
+4.83% |
| 2018-12-31 | CN¥4.52 Billion ≈ $660.73 Million |
+33.09% |
| 2017-12-31 | CN¥3.39 Billion ≈ $496.46 Million |
+5.50% |
| 2016-12-31 | CN¥3.22 Billion ≈ $470.57 Million |
+3.70% |
| 2015-12-31 | CN¥3.10 Billion ≈ $453.78 Million |
+29.60% |
| 2014-12-31 | CN¥2.39 Billion ≈ $350.13 Million |
-0.66% |
| 2013-12-31 | CN¥2.41 Billion ≈ $352.46 Million |
-0.99% |
| 2012-12-31 | CN¥2.43 Billion ≈ $355.99 Million |
-6.82% |
| 2011-12-31 | CN¥2.61 Billion ≈ $382.04 Million |
+5.51% |
| 2010-12-31 | CN¥2.47 Billion ≈ $362.08 Million |
+0.28% |
| 2009-12-31 | CN¥2.47 Billion ≈ $361.07 Million |
-5.58% |
| 2008-12-31 | CN¥2.61 Billion ≈ $382.38 Million |
+50.29% |
| 2007-12-31 | CN¥1.74 Billion ≈ $254.43 Million |
+20.74% |
| 2006-12-31 | CN¥1.44 Billion ≈ $210.73 Million |
+10.32% |
| 2005-12-31 | CN¥1.31 Billion ≈ $191.01 Million |
+43.80% |
| 2004-12-31 | CN¥907.74 Million ≈ $132.83 Million |
+2.39% |
| 2003-12-31 | CN¥886.51 Million ≈ $129.72 Million |
+14.82% |
| 2002-12-31 | CN¥772.09 Million ≈ $112.98 Million |
+1.16% |
| 2001-12-31 | CN¥763.24 Million ≈ $111.69 Million |
-1.16% |
| 2000-12-31 | CN¥772.23 Million ≈ $113.00 Million |
+2.68% |
| 1999-12-31 | CN¥752.06 Million ≈ $110.05 Million |
+27.59% |
| 1998-12-31 | CN¥589.44 Million ≈ $86.25 Million |
+4.79% |
| 1997-12-31 | CN¥562.50 Million ≈ $82.31 Million |
+199.41% |
| 1996-12-31 | CN¥187.87 Million ≈ $27.49 Million |
+188.66% |
| 1995-12-31 | CN¥65.08 Million ≈ $9.52 Million |
+16.97% |
| 1994-12-31 | CN¥55.64 Million ≈ $8.14 Million |
+19.81% |
| 1993-12-31 | CN¥46.44 Million ≈ $6.80 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Marine 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 124655261300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.25 Billion | 31.48% |
| Common Stock | CN¥1.21 Billion | 30.47% |
| Other Comprehensive Income | CN¥2.85 Million | 0.07% |
| Other Components | CN¥1.50 Billion | 37.97% |
| Total Equity | CN¥3.96 Billion | 100.00% |
Ningbo Marine Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Marine Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupo Supervielle S.A
F:189A
|
$649.75 Million |
|
Talkspace Inc
NASDAQ:TALK
|
$649.77 Million |
|
Qualipoly Chemical Corp
TW:4722
|
$649.80 Million |
|
Senvest Capital Inc.
TO:SEC
|
$649.84 Million |
|
PNE AG
XETRA:PNE3
|
$649.60 Million |
|
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT
JK:LSIP
|
$649.39 Million |
|
Cognyte Software Ltd
NASDAQ:CGNT
|
$649.31 Million |
|
New East New Materials Co Ltd
SHG:603110
|
$648.99 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Marine Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,971,636,232 to 3,959,258,470, a change of -12,377,762 (-0.3%).
- Net income of 22,124,687 contributed positively to equity growth.
- Dividend payments of 71,720,705 reduced retained earnings.
- Other comprehensive income increased equity by 1,693,578.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥22.12 Million | +0.56% |
| Dividends Paid | CN¥71.72 Million | -1.81% |
| Other Comprehensive Income | CN¥1.69 Million | +0.04% |
| Other Changes | CN¥35.52 Million | +0.9% |
| Total Change | CN¥- | -0.31% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Marine 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: 1.12x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 60.78x to 1.12x 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¥0.06 | CN¥3.68 | x |
| 1994-12-31 | CN¥0.07 | CN¥3.68 | x |
| 1995-12-31 | CN¥0.08 | CN¥3.68 | x |
| 1996-12-31 | CN¥0.24 | CN¥3.68 | x |
| 1997-12-31 | CN¥0.73 | CN¥3.68 | x |
| 1998-12-31 | CN¥0.77 | CN¥3.68 | x |
| 1999-12-31 | CN¥0.96 | CN¥3.68 | x |
| 2000-12-31 | CN¥0.99 | CN¥3.68 | x |
| 2001-12-31 | CN¥0.98 | CN¥3.68 | x |
| 2002-12-31 | CN¥0.99 | CN¥3.68 | x |
| 2003-12-31 | CN¥1.09 | CN¥3.68 | x |
| 2004-12-31 | CN¥1.12 | CN¥3.68 | x |
| 2005-12-31 | CN¥1.25 | CN¥3.68 | x |
| 2006-12-31 | CN¥1.39 | CN¥3.68 | x |
| 2007-12-31 | CN¥1.50 | CN¥3.68 | x |
| 2008-12-31 | CN¥2.28 | CN¥3.68 | x |
| 2009-12-31 | CN¥2.16 | CN¥3.68 | x |
| 2010-12-31 | CN¥2.21 | CN¥3.68 | x |
| 2011-12-31 | CN¥2.00 | CN¥3.68 | x |
| 2012-12-31 | CN¥2.21 | CN¥3.68 | x |
| 2013-12-31 | CN¥2.20 | CN¥3.68 | x |
| 2014-12-31 | CN¥2.22 | CN¥3.68 | x |
| 2015-12-31 | CN¥2.71 | CN¥3.68 | x |
| 2016-12-31 | CN¥2.63 | CN¥3.68 | x |
| 2017-12-31 | CN¥2.35 | CN¥3.68 | x |
| 2018-12-31 | CN¥2.85 | CN¥3.68 | x |
| 2019-12-31 | CN¥2.93 | CN¥3.68 | x |
| 2020-12-31 | CN¥3.01 | CN¥3.68 | x |
| 2021-12-31 | CN¥3.21 | CN¥3.68 | x |
| 2022-12-31 | CN¥3.23 | CN¥3.68 | x |
| 2023-12-31 | CN¥3.29 | CN¥3.68 | x |
| 2024-12-31 | CN¥3.27 | CN¥3.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Marine 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): 0.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.91%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.60x
- Recent ROE (0.56%) is below the historical average (14.88%), 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 | 78.91% | 46.94% | 0.70x | 2.40x | CN¥32.00 Million |
| 1994 | 82.68% | 45.24% | 1.13x | 1.61x | CN¥40.44 Million |
| 1995 | 72.55% | 44.64% | 0.66x | 2.47x | CN¥40.71 Million |
| 1996 | 31.06% | 45.13% | 0.54x | 1.27x | CN¥39.56 Million |
| 1997 | 20.68% | 68.93% | 0.29x | 1.04x | CN¥60.08 Million |
| 1998 | 17.09% | 53.08% | 0.25x | 1.27x | CN¥41.80 Million |
| 1999 | 14.53% | 51.51% | 0.23x | 1.20x | CN¥33.47 Million |
| 2000 | 11.00% | 31.81% | 0.28x | 1.22x | CN¥7.56 Million |
| 2001 | 11.74% | 33.09% | 0.29x | 1.24x | CN¥13.00 Million |
| 2002 | 7.90% | 21.72% | 0.30x | 1.20x | CN¥-15.91 Million |
| 2003 | 9.78% | 18.61% | 0.38x | 1.37x | CN¥-1.82 Million |
| 2004 | 9.95% | 10.45% | 0.67x | 1.43x | CN¥-390.03K |
| 2005 | 9.85% | 11.58% | 0.27x | 3.15x | CN¥-1.42 Million |
| 2006 | 14.72% | 17.38% | 0.20x | 4.22x | CN¥50.29 Million |
| 2007 | 15.03% | 14.62% | 0.18x | 5.79x | CN¥58.06 Million |
| 2008 | 15.42% | 20.71% | 0.21x | 3.48x | CN¥106.78 Million |
| 2009 | 1.58% | 3.32% | 0.13x | 3.62x | CN¥-158.71 Million |
| 2010 | 2.88% | 4.49% | 0.18x | 3.61x | CN¥-136.84 Million |
| 2011 | 2.50% | 4.07% | 0.18x | 3.44x | CN¥-155.43 Million |
| 2012 | -6.27% | -11.79% | 0.15x | 3.53x | CN¥-313.01 Million |
| 2013 | 0.31% | 0.56% | 0.16x | 3.44x | CN¥-186.91 Million |
| 2014 | 0.38% | 0.68% | 0.17x | 3.31x | CN¥-185.90 Million |
| 2015 | 0.61% | 1.53% | 0.17x | 2.38x | CN¥-247.44 Million |
| 2016 | 3.26% | 7.81% | 0.18x | 2.35x | CN¥-182.97 Million |
| 2017 | 5.26% | 9.38% | 0.25x | 2.20x | CN¥-134.23 Million |
| 2018 | 6.84% | 9.17% | 0.34x | 2.18x | CN¥-108.71 Million |
| 2019 | 9.26% | 14.09% | 0.32x | 2.06x | CN¥-26.16 Million |
| 2020 | 7.23% | 11.50% | 0.32x | 1.96x | CN¥-100.59 Million |
| 2021 | 11.30% | 18.66% | 0.32x | 1.87x | CN¥50.28 Million |
| 2022 | 4.69% | 8.81% | 0.30x | 1.77x | CN¥-206.84 Million |
| 2023 | 2.81% | 4.93% | 0.34x | 1.70x | CN¥-285.40 Million |
| 2024 | 0.56% | 0.91% | 0.38x | 1.60x | CN¥-373.80 Million |
Industry Comparison
This section compares Ningbo Marine Co Ltd's net assets metrics with peer companies in the Marine Shipping industry.
Industry Context
- Industry: Marine Shipping
- Average net assets among peers: $4,594,741,988
- Average return on equity (ROE) among peers: 10.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Marine Co Ltd (600798) | CN¥5.02 Billion | 78.91% | 0.37x | $649.72 Million |
| Shenzhen Yan Tian Port Holdings Co Ltd (000088) | $8.18 Billion | 4.39% | 0.35x | $3.45 Billion |
| Zhuhai Port Co Ltd (000507) | $2.80 Billion | 2.81% | 0.96x | $707.92 Million |
| Chang Jiang Shipping Group Phoenix Co Ltd (000520) | $459.86 Million | 22.27% | 0.17x | $589.44 Million |
| Beibuwan Port Co Ltd (000582) | $248.79 Million | 10.54% | 1.28x | $4.28 Billion |
| Xiamen Port Development Co Ltd (000905) | $1.64 Billion | 7.15% | 0.78x | $2.49 Billion |
| Nanjing Shenghang Shipping Co Ltd (001205) | $1.31 Billion | 9.91% | 0.36x | $418.44 Million |
| China Merchants Port Group Co Ltd (001872) | $28.48 Billion | 12.45% | 0.60x | $7.60 Billion |
| Nanjing Port Co Ltd (002040) | $688.95 Million | 3.15% | 0.58x | $717.59 Million |
| Hainan Strait Shipping Co Ltd (002320) | $238.94 Million | 24.74% | 0.48x | $2.79 Billion |
| Guangdong Great River Smarter Logistics Co Ltd Class A (002930) | $1.90 Billion | 7.66% | 0.88x | $887.02 Million |
About Ningbo Marine Co Ltd
Ningbo Marine Company Limited, a shipping company, provides marine transportation services in China and internationally. It operates in two segments, Shipping and Transportation; Highway Operation. The company involved in the general cargo transportation; repair and construction of ships and their auxiliary engines; maritime cargo transshipment and intermodal transport; warehousing and cargo coll… Read more