Ningbo Zhongbai Co Ltd
Ningbo Zhongbai Co., Ltd. primarily operates department stores in China. The company is also involved in the wholesale, retail, and online sales of gold, jewelry, textiles, clothing, cosmetics, bags, shoes and hats, glasses, daily necessities, handicrafts, toys, cultural, sports goods and equipment, machinery and equipment, hardware and electrical appliances, household appliances, electronic prod… Read more
Ningbo Zhongbai Co Ltd (600857) - Net Assets
Latest net assets as of September 2025: CN¥890.79 Million CNY
Based on the latest financial reports, Ningbo Zhongbai Co Ltd (600857) has net assets worth CN¥890.79 Million 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¥978.68 Million) and total liabilities (CN¥87.89 Million). 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¥890.79 Million |
| % of Total Assets | 91.02% |
| Annual Growth Rate | 5.03% |
| 5-Year Change | 56.73% |
| 10-Year Change | 36.47% |
| Growth Volatility | 43.33 |
Ningbo Zhongbai Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Ningbo Zhongbai 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 Ningbo Zhongbai Co Ltd (1994–2024)
The table below shows the annual net assets of Ningbo Zhongbai Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥831.39 Million | -2.55% |
| 2023-12-31 | CN¥853.12 Million | +8.96% |
| 2022-12-31 | CN¥782.97 Million | +64.34% |
| 2021-12-31 | CN¥476.44 Million | -10.18% |
| 2020-12-31 | CN¥530.45 Million | -17.84% |
| 2019-12-31 | CN¥645.63 Million | +218.51% |
| 2018-12-31 | CN¥202.70 Million | +22.05% |
| 2017-12-31 | CN¥166.08 Million | -73.89% |
| 2016-12-31 | CN¥636.14 Million | +4.42% |
| 2015-12-31 | CN¥609.20 Million | +5.17% |
| 2014-12-31 | CN¥579.22 Million | +5.21% |
| 2013-12-31 | CN¥550.53 Million | +4.62% |
| 2012-12-31 | CN¥526.22 Million | +5.17% |
| 2011-12-31 | CN¥500.36 Million | +14.12% |
| 2010-12-31 | CN¥438.44 Million | +3.38% |
| 2009-12-31 | CN¥424.11 Million | +0.00% |
| 2008-12-31 | CN¥424.10 Million | +2.09% |
| 2007-12-31 | CN¥415.43 Million | +6.93% |
| 2006-12-31 | CN¥388.49 Million | +4.95% |
| 2005-12-31 | CN¥370.19 Million | +1.29% |
| 2004-12-31 | CN¥365.49 Million | -0.30% |
| 2003-12-31 | CN¥366.59 Million | +7.68% |
| 2002-12-31 | CN¥340.45 Million | +4.70% |
| 2001-12-31 | CN¥325.17 Million | -4.49% |
| 2000-12-31 | CN¥340.47 Million | -1.29% |
| 1999-12-31 | CN¥344.93 Million | +25.34% |
| 1998-12-31 | CN¥275.20 Million | +0.74% |
| 1997-12-31 | CN¥273.19 Million | +5.82% |
| 1996-12-31 | CN¥258.15 Million | +11.40% |
| 1995-12-31 | CN¥231.73 Million | +21.68% |
| 1994-12-31 | CN¥190.45 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ningbo Zhongbai 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 2224.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥350.09 Million | 42.11% |
| Common Stock | CN¥224.32 Million | 26.98% |
| Other Comprehensive Income | CN¥212.07 Million | 25.51% |
| Other Components | CN¥44.91 Million | 5.40% |
| Total Equity | CN¥831.39 Million | 100.00% |
Ningbo Zhongbai Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Zhongbai Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Amber International Holding Limited
NASDAQ:AMBR
|
$227.65 Million |
|
BCI Minerals Limited
PINK:BIRNF
|
$227.67 Million |
|
Shanghai Fenghwa Group Co Ltd
SHG:600615
|
$227.68 Million |
|
Modern Avenue Group Co Ltd
SHE:002656
|
$227.70 Million |
|
Everyday Network
SHE:300295
|
$227.59 Million |
|
Archimedes Tech SPAC Partners II Co. Ordinary Shares
NASDAQ:ATII
|
$227.59 Million |
|
Aces Electronics Co Ltd
TW:3605
|
$227.56 Million |
|
BCPG Public Company Limited
BK:BCPG
|
$227.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Zhongbai Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 853,122,108 to 831,387,326, a change of -21,734,782 (-2.5%).
- Net loss of 16,056,730 reduced equity.
- Dividend payments of 19,067,193 reduced retained earnings.
- Other comprehensive income increased equity by 13,389,142.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-16.06 Million | -1.93% |
| Dividends Paid | CN¥19.07 Million | -2.29% |
| Other Comprehensive Income | CN¥13.39 Million | +1.61% |
| Other Changes | CN¥-1.00 | -0.0% |
| Total Change | CN¥- | -2.55% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Zhongbai 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: 3.39x
- 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 16.04x to 3.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.78 | CN¥12.58 | x |
| 1995-12-31 | CN¥0.95 | CN¥12.58 | x |
| 1996-12-31 | CN¥1.06 | CN¥12.58 | x |
| 1997-12-31 | CN¥1.13 | CN¥12.58 | x |
| 1998-12-31 | CN¥1.13 | CN¥12.58 | x |
| 1999-12-31 | CN¥1.33 | CN¥12.58 | x |
| 2000-12-31 | CN¥1.40 | CN¥12.58 | x |
| 2001-12-31 | CN¥1.33 | CN¥12.58 | x |
| 2002-12-31 | CN¥1.38 | CN¥12.58 | x |
| 2003-12-31 | CN¥1.48 | CN¥12.58 | x |
| 2004-12-31 | CN¥1.47 | CN¥12.58 | x |
| 2005-12-31 | CN¥1.50 | CN¥12.58 | x |
| 2006-12-31 | CN¥1.56 | CN¥12.58 | x |
| 2007-12-31 | CN¥1.81 | CN¥12.58 | x |
| 2008-12-31 | CN¥1.91 | CN¥12.58 | x |
| 2009-12-31 | CN¥1.76 | CN¥12.58 | x |
| 2010-12-31 | CN¥2.03 | CN¥12.58 | x |
| 2011-12-31 | CN¥2.25 | CN¥12.58 | x |
| 2012-12-31 | CN¥2.34 | CN¥12.58 | x |
| 2013-12-31 | CN¥2.45 | CN¥12.58 | x |
| 2014-12-31 | CN¥2.58 | CN¥12.58 | x |
| 2015-12-31 | CN¥2.71 | CN¥12.58 | x |
| 2016-12-31 | CN¥2.83 | CN¥12.58 | x |
| 2017-12-31 | CN¥0.74 | CN¥12.58 | x |
| 2018-12-31 | CN¥0.89 | CN¥12.58 | x |
| 2019-12-31 | CN¥2.88 | CN¥12.58 | x |
| 2020-12-31 | CN¥2.36 | CN¥12.58 | x |
| 2021-12-31 | CN¥2.12 | CN¥12.58 | x |
| 2022-12-31 | CN¥3.49 | CN¥12.58 | x |
| 2023-12-31 | CN¥3.79 | CN¥12.58 | x |
| 2024-12-31 | CN¥3.71 | CN¥12.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Zhongbai 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): -1.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.94%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 1.09x
- Recent ROE (-1.93%) is below the historical average (-1.23%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 9.84% | 4.85% | 1.33x | 1.53x | CN¥-313.27K |
| 1995 | 6.30% | 4.14% | 0.95x | 1.60x | CN¥-8.58 Million |
| 1996 | 5.68% | 3.93% | 0.99x | 1.47x | CN¥-11.14 Million |
| 1997 | 5.39% | 4.17% | 0.86x | 1.51x | CN¥-12.58 Million |
| 1998 | 5.40% | 3.02% | 1.30x | 1.38x | CN¥-12.65 Million |
| 1999 | 15.80% | 9.46% | 1.20x | 1.39x | CN¥18.74 Million |
| 2000 | 9.68% | 4.98% | 1.45x | 1.34x | CN¥-1.09 Million |
| 2001 | 7.25% | 3.93% | 1.29x | 1.43x | CN¥-8.87 Million |
| 2002 | 6.40% | 3.48% | 1.08x | 1.71x | CN¥-12.07 Million |
| 2003 | 6.66% | 3.56% | 1.17x | 1.60x | CN¥-11.97 Million |
| 2004 | 0.62% | 0.31% | 1.24x | 1.63x | CN¥-33.51 Million |
| 2005 | 1.15% | 0.54% | 1.40x | 1.53x | CN¥-32.22 Million |
| 2006 | 1.27% | 0.66% | 1.26x | 1.54x | CN¥-32.94 Million |
| 2007 | 10.12% | 4.26% | 1.33x | 1.79x | CN¥490.08K |
| 2008 | 2.62% | 1.14% | 1.61x | 1.43x | CN¥-30.86 Million |
| 2009 | 2.27% | 1.26% | 1.32x | 1.37x | CN¥-32.76 Million |
| 2010 | 4.43% | 2.02% | 1.55x | 1.42x | CN¥-24.43 Million |
| 2011 | 13.80% | 5.76% | 1.76x | 1.36x | CN¥19.00 Million |
| 2012 | 7.01% | 3.12% | 1.68x | 1.34x | CN¥-15.72 Million |
| 2013 | 6.48% | 2.42% | 1.99x | 1.34x | CN¥-19.36 Million |
| 2014 | 7.14% | 3.51% | 1.56x | 1.31x | CN¥-16.54 Million |
| 2015 | 7.07% | 4.00% | 1.39x | 1.28x | CN¥-17.83 Million |
| 2016 | 6.68% | 4.69% | 1.10x | 1.29x | CN¥-21.12 Million |
| 2017 | -274.94% | -46.70% | 1.19x | 4.96x | CN¥-473.22 Million |
| 2018 | 18.07% | 3.67% | 1.21x | 4.07x | CN¥16.36 Million |
| 2019 | 6.39% | 4.08% | 0.73x | 2.14x | CN¥-23.33 Million |
| 2020 | 4.24% | 3.05% | 0.66x | 2.10x | CN¥-30.54 Million |
| 2021 | 7.53% | 4.30% | 0.87x | 2.01x | CN¥-11.78 Million |
| 2022 | 46.26% | 39.93% | 0.94x | 1.23x | CN¥283.87 Million |
| 2023 | 7.12% | 5.10% | 1.17x | 1.19x | CN¥-24.61 Million |
| 2024 | -1.93% | -1.94% | 0.91x | 1.09x | CN¥-99.20 Million |
Industry Comparison
This section compares Ningbo Zhongbai Co Ltd's net assets metrics with peer companies in the Department Stores industry.
Industry Context
- Industry: Department Stores
- Average net assets among peers: $1,108,789,683
- Average return on equity (ROE) among peers: 12.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Zhongbai Co Ltd (600857) | CN¥890.79 Million | 9.84% | 0.10x | $227.63 Million |
| Hefei Department Store Group Co Ltd (000417) | $881.33 Million | 5.99% | 1.64x | $186.03 Million |
| Changsha Tongcheng Holdings Co Ltd (000419) | $895.76 Million | 11.76% | 2.56x | $228.55 Million |
| Wushang Group Co Ltd (000501) | $351.97 Million | 7.19% | 0.32x | $549.14 Million |
| CCOOP Group Co Ltd (000564) | $592.19 Million | 4.11% | 0.65x | $3.78 Billion |
| Dalian Friendship Group Co Ltd (000679) | $2.09 Billion | 2.71% | 3.27x | $232.02 Million |
| Zhongxing Shenyang Commercial Building Group Co Ltd (000715) | $1.01 Billion | 6.59% | 0.81x | $200.17 Million |
| Easyhome New Retail Group Co Ltd (000785) | $152.21 Million | 30.40% | 1.32x | $997.89 Million |
| Guangzhou Grandbuy Co Ltd (002187) | $3.72 Billion | 7.01% | 1.60x | $414.68 Million |
| Better Life Commercial Chain Share Co Ltd (002251) | $246.97 Million | 35.41% | 3.25x | $1.28 Billion |
| New Huadu Supercenter Co Ltd (002264) | $1.16 Billion | 12.62% | 1.43x | $398.10 Million |