Guangxi Nanning Waterworks Co (601368) - Net Assets
Based on the latest financial reports, Guangxi Nanning Waterworks Co (601368) has net assets worth CN¥4.89 Billion CNY (≈ $715.90 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¥24.82 Billion ≈ $3.63 Billion USD) and total liabilities (CN¥19.93 Billion ≈ $2.92 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. Read debt load of Guangxi Nanning Waterworks Co for a breakdown of total debt and financial obligations.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.89 Billion |
| % of Total Assets | 19.71% |
| Annual Growth Rate | 13.19% |
| 5-Year Change | 9.23% |
| 10-Year Change | 84.84% |
| Growth Volatility | 16.23 |
Guangxi Nanning Waterworks Co - Net Assets Trend (2008–2024)
This chart illustrates how Guangxi Nanning Waterworks Co's net assets have evolved over time, based on quarterly financial data. Also explore Guangxi Nanning Waterworks Co asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Guangxi Nanning Waterworks Co (2008–2024)
The table below shows the annual net assets of Guangxi Nanning Waterworks Co from 2008 to 2024. For live valuation and market cap data, see 601368 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.77 Billion ≈ $697.66 Million |
+1.95% |
| 2023-12-31 | CN¥4.68 Billion ≈ $684.31 Million |
+0.52% |
| 2022-12-31 | CN¥4.65 Billion ≈ $680.79 Million |
+1.60% |
| 2021-12-31 | CN¥4.58 Billion ≈ $670.07 Million |
+4.91% |
| 2020-12-31 | CN¥4.36 Billion ≈ $638.70 Million |
+4.01% |
| 2019-12-31 | CN¥4.20 Billion ≈ $614.07 Million |
+29.42% |
| 2018-12-31 | CN¥3.24 Billion ≈ $474.49 Million |
+5.67% |
| 2017-12-31 | CN¥3.07 Billion ≈ $449.02 Million |
+9.67% |
| 2016-12-31 | CN¥2.80 Billion ≈ $409.42 Million |
+8.47% |
| 2015-12-31 | CN¥2.58 Billion ≈ $377.43 Million |
+70.30% |
| 2014-12-31 | CN¥1.51 Billion ≈ $221.63 Million |
+13.78% |
| 2013-12-31 | CN¥1.33 Billion ≈ $194.79 Million |
+14.53% |
| 2012-12-31 | CN¥1.16 Billion ≈ $170.08 Million |
+14.69% |
| 2011-12-31 | CN¥1.01 Billion ≈ $148.29 Million |
+13.44% |
| 2010-12-31 | CN¥893.33 Million ≈ $130.72 Million |
+14.54% |
| 2009-12-31 | CN¥779.91 Million ≈ $114.13 Million |
+18.77% |
| 2008-12-31 | CN¥656.63 Million ≈ $96.09 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Guangxi Nanning Waterworks Co'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 10931.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.99 Billion | 41.97% |
| Common Stock | CN¥882.97 Million | 18.62% |
| Other Components | CN¥1.87 Billion | 39.41% |
| Total Equity | CN¥4.74 Billion | 100.00% |
Guangxi Nanning Waterworks Co Competitors by Market Cap
The table below lists competitors of Guangxi Nanning Waterworks Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Drugs Made In America Acquisition II Corp. Ordinary Shares
NASDAQ:DMII
|
$655.09 Million |
|
Tainan Spinning Co Ltd
TW:1440
|
$655.09 Million |
|
Thesis Gold Inc
V:TAU
|
$655.61 Million |
|
Jiangxi Chen Guang New Materials Co Ltd
SHG:605399
|
$656.04 Million |
|
Contrel Technology Co Ltd
TWO:8064
|
$655.06 Million |
|
Sam-A Aluminiu
KO:006110
|
$655.03 Million |
|
Tianjin Jiuri New Materials Co Ltd
SHG:688199
|
$654.93 Million |
|
Kunwu Jiuding Investment Holdings Co Ltd
SHG:600053
|
$654.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangxi Nanning Waterworks Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,676,434,391 to 4,741,411,685, a change of 64,977,294 (1.4%).
- Net income of 87,934,594 contributed positively to equity growth.
- Dividend payments of 565,529,857 reduced retained earnings.
- Other factors increased equity by 542,572,557.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥87.93 Million | +1.85% |
| Dividends Paid | CN¥565.53 Million | -11.93% |
| Other Changes | CN¥542.57 Million | +11.44% |
| Total Change | CN¥- | 1.39% |
Book Value vs Market Value Analysis
This analysis compares Guangxi Nanning Waterworks Co'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: 0.94x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 2.95x to 0.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥1.72 | CN¥5.07 | x |
| 2009-12-31 | CN¥1.52 | CN¥5.07 | x |
| 2010-12-31 | CN¥1.57 | CN¥5.07 | x |
| 2011-12-31 | CN¥1.70 | CN¥5.07 | x |
| 2012-12-31 | CN¥1.95 | CN¥5.07 | x |
| 2013-12-31 | CN¥2.24 | CN¥5.07 | x |
| 2014-12-31 | CN¥2.57 | CN¥5.07 | x |
| 2015-12-31 | CN¥3.89 | CN¥5.07 | x |
| 2016-12-31 | CN¥3.80 | CN¥5.07 | x |
| 2017-12-31 | CN¥4.17 | CN¥5.07 | x |
| 2018-12-31 | CN¥4.41 | CN¥5.07 | x |
| 2019-12-31 | CN¥4.75 | CN¥5.07 | x |
| 2020-12-31 | CN¥4.94 | CN¥5.07 | x |
| 2021-12-31 | CN¥5.19 | CN¥5.07 | x |
| 2022-12-31 | CN¥5.27 | CN¥5.07 | x |
| 2023-12-31 | CN¥5.30 | CN¥5.07 | x |
| 2024-12-31 | CN¥5.37 | CN¥5.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangxi Nanning Waterworks Co 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): 1.85%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.55%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 4.94x
- Recent ROE (1.85%) is below the historical average (9.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 3.05% | 4.99% | 0.16x | 3.71x | CN¥-45.63 Million |
| 2009 | 15.27% | 23.82% | 0.21x | 3.07x | CN¥41.12 Million |
| 2010 | 17.09% | 25.27% | 0.17x | 3.98x | CN¥63.34 Million |
| 2011 | 14.90% | 21.02% | 0.17x | 4.28x | CN¥48.91 Million |
| 2012 | 15.54% | 20.93% | 0.18x | 4.12x | CN¥63.62 Million |
| 2013 | 15.29% | 22.00% | 0.17x | 4.05x | CN¥69.59 Million |
| 2014 | 15.52% | 23.85% | 0.17x | 3.89x | CN¥83.59 Million |
| 2015 | 9.18% | 20.96% | 0.16x | 2.68x | CN¥-21.03 Million |
| 2016 | 10.36% | 24.26% | 0.16x | 2.70x | CN¥10.18 Million |
| 2017 | 11.38% | 28.06% | 0.15x | 2.65x | CN¥42.20 Million |
| 2018 | 8.61% | 20.89% | 0.14x | 2.87x | CN¥-44.99 Million |
| 2019 | 6.26% | 17.24% | 0.12x | 3.01x | CN¥-157.09 Million |
| 2020 | 5.68% | 16.06% | 0.10x | 3.47x | CN¥-188.69 Million |
| 2021 | 6.47% | 14.24% | 0.12x | 3.73x | CN¥-161.54 Million |
| 2022 | 3.52% | 7.27% | 0.12x | 4.15x | CN¥-301.40 Million |
| 2023 | 1.57% | 3.15% | 0.11x | 4.52x | CN¥-394.13 Million |
| 2024 | 1.85% | 3.55% | 0.11x | 4.94x | CN¥-386.21 Million |
Industry Comparison
This section compares Guangxi Nanning Waterworks Co's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $4,513,192,140
- Average return on equity (ROE) among peers: 5.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangxi Nanning Waterworks Co (601368) | CN¥4.89 Billion | 3.05% | 4.07x | $655.08 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $15.74 Billion | 10.28% | 1.44x | $2.96 Billion |
| Bohai Water Industry Co Ltd (000605) | $1.14 Billion | 3.98% | 1.14x | $373.10 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $11.50 Billion | 8.37% | 0.31x | $2.56 Billion |
| Guangdong Shunkong Development Co Ltd (003039) | $1.99 Billion | 11.86% | 1.17x | $1.30 Billion |
| Gansu Dayu Water saving Group (300021) | $1.55 Billion | 6.45% | 1.46x | $674.72 Million |
| Beijing Water Business Doctor (300055) | $5.73 Billion | -1.38% | 0.29x | $1.40 Billion |
| BGT Group Co. Ltd. (300774) | $1.02 Billion | 11.72% | 0.28x | $1.02 Billion |
| Hynar Water Group Co. Ltd. (300961) | $1.03 Billion | -3.41% | 1.69x | $349.43 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $870.50 Million | -3.37% | 1.10x | $637.86 Million |
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | $4.56 Billion | 7.36% | 0.75x | $735.55 Million |
About Guangxi Nanning Waterworks Co
Guangxi Nanning Waterworks Group Company Limited engages in the production and sale of tap water in China. The company is involved in sewage treatment business; and provision of water quality inspection and testing services. It also engages in maintenance, verification and calibration of water meters, flow meters, and automation instruments. The company was formerly known as Guangxi Nanning Water… Read more