Ningbo Tuopu Group Co Ltd (601689) - Net Assets
Based on the latest financial reports, Ningbo Tuopu Group Co Ltd (601689) has net assets worth CN¥23.31 Billion CNY (≈ $3.41 Billion 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¥41.66 Billion ≈ $6.10 Billion USD) and total liabilities (CN¥18.35 Billion ≈ $2.69 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. Check 601689 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥23.31 Billion |
| % of Total Assets | 55.95% |
| Annual Growth Rate | 27.25% |
| 5-Year Change | 150.49% |
| 10-Year Change | 515.71% |
| Growth Volatility | 32.98 |
Ningbo Tuopu Group Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Ningbo Tuopu Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Ningbo Tuopu Group Co Ltd (601689) total assets for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Tuopu Group Co Ltd (2011–2024)
The table below shows the annual net assets of Ningbo Tuopu Group Co Ltd from 2011 to 2024. For live valuation and market cap data, see Ningbo Tuopu Group Co Ltd (601689) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥19.58 Billion ≈ $2.87 Billion |
+41.76% |
| 2023-12-31 | CN¥13.81 Billion ≈ $2.02 Billion |
+13.61% |
| 2022-12-31 | CN¥12.16 Billion ≈ $1.78 Billion |
+14.50% |
| 2021-12-31 | CN¥10.62 Billion ≈ $1.55 Billion |
+35.84% |
| 2020-12-31 | CN¥7.82 Billion ≈ $1.14 Billion |
+5.58% |
| 2019-12-31 | CN¥7.40 Billion ≈ $1.08 Billion |
+2.19% |
| 2018-12-31 | CN¥7.25 Billion ≈ $1.06 Billion |
+11.62% |
| 2017-12-31 | CN¥6.49 Billion ≈ $949.97 Million |
+91.15% |
| 2016-12-31 | CN¥3.40 Billion ≈ $496.97 Million |
+6.78% |
| 2015-12-31 | CN¥3.18 Billion ≈ $465.42 Million |
+112.00% |
| 2014-12-31 | CN¥1.50 Billion ≈ $219.54 Million |
+2.62% |
| 2013-12-31 | CN¥1.46 Billion ≈ $213.93 Million |
+30.46% |
| 2012-12-31 | CN¥1.12 Billion ≈ $163.97 Million |
+31.38% |
| 2011-12-31 | CN¥852.91 Million ≈ $124.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Tuopu Group 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 6776.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.74 Billion | 44.69% |
| Common Stock | CN¥1.69 Billion | 8.62% |
| Other Comprehensive Income | CN¥871.29 Million | 4.46% |
| Other Components | CN¥8.26 Billion | 42.23% |
| Total Equity | CN¥19.55 Billion | 100.00% |
Ningbo Tuopu Group Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Tuopu Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Torrent Pharmaceuticals Limited
NSE:TORNTPHARM
|
$15.32 Billion |
|
Sprott Physical Silver
TO:PSLV
|
$15.33 Billion |
|
CF Industries Holdings Inc
NYSE:CF
|
$15.33 Billion |
|
Azrieli Group Ltd
TA:AZRG
|
$15.34 Billion |
|
Falabella
SN:FALABELLA
|
$15.29 Billion |
|
LI AUTO INC. (SP.ADR)/2
F:L87A
|
$15.28 Billion |
|
VODACOM GROUP LTD. SP.ADR
F:5VD0
|
$15.26 Billion |
|
Nippon Sanso Holdings Corp.
NYSE:NPXYY
|
$15.25 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Tuopu Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,784,379,600 to 19,550,263,949, a change of 5,765,884,349 (41.8%).
- Net income of 3,000,605,982 contributed positively to equity growth.
- Dividend payments of 788,539,373 reduced retained earnings.
- Other comprehensive income increased equity by 28,416,723.
- Other factors increased equity by 3,525,401,017.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.00 Billion | +15.35% |
| Dividends Paid | CN¥788.54 Million | -4.03% |
| Other Comprehensive Income | CN¥28.42 Million | +0.15% |
| Other Changes | CN¥3.53 Billion | +18.03% |
| Total Change | CN¥- | 41.83% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Tuopu Group 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: 5.19x
- 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 52.90x to 5.19x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.14 | CN¥60.14 | x |
| 2012-12-31 | CN¥1.46 | CN¥60.14 | x |
| 2013-12-31 | CN¥1.90 | CN¥60.14 | x |
| 2014-12-31 | CN¥1.96 | CN¥60.14 | x |
| 2015-12-31 | CN¥3.52 | CN¥60.14 | x |
| 2016-12-31 | CN¥3.59 | CN¥60.14 | x |
| 2017-12-31 | CN¥6.41 | CN¥60.14 | x |
| 2018-12-31 | CN¥6.81 | CN¥60.14 | x |
| 2019-12-31 | CN¥6.99 | CN¥60.14 | x |
| 2020-12-31 | CN¥7.38 | CN¥60.14 | x |
| 2021-12-31 | CN¥9.68 | CN¥60.14 | x |
| 2022-12-31 | CN¥11.01 | CN¥60.14 | x |
| 2023-12-31 | CN¥8.62 | CN¥60.14 | x |
| 2024-12-31 | CN¥11.60 | CN¥60.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Tuopu Group 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): 15.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.28%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.92x
- Recent ROE (15.35%) is below the historical average (15.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 24.10% | 12.16% | 1.04x | 1.90x | CN¥120.34 Million |
| 2012 | 22.19% | 12.98% | 1.06x | 1.61x | CN¥133.67 Million |
| 2013 | 23.63% | 14.70% | 1.09x | 1.48x | CN¥195.83 Million |
| 2014 | 27.04% | 14.58% | 1.08x | 1.72x | CN¥251.46 Million |
| 2015 | 12.95% | 13.59% | 0.73x | 1.31x | CN¥92.95 Million |
| 2016 | 18.26% | 15.64% | 0.80x | 1.47x | CN¥278.54 Million |
| 2017 | 11.41% | 14.50% | 0.47x | 1.66x | CN¥91.14 Million |
| 2018 | 10.43% | 12.59% | 0.55x | 1.51x | CN¥31.23 Million |
| 2019 | 6.19% | 8.51% | 0.48x | 1.52x | CN¥-281.34 Million |
| 2020 | 8.07% | 9.65% | 0.54x | 1.56x | CN¥-150.50 Million |
| 2021 | 9.61% | 8.87% | 0.61x | 1.76x | CN¥-41.62 Million |
| 2022 | 14.02% | 10.63% | 0.58x | 2.27x | CN¥487.27 Million |
| 2023 | 15.60% | 10.92% | 0.64x | 2.23x | CN¥772.20 Million |
| 2024 | 15.35% | 11.28% | 0.71x | 1.92x | CN¥1.05 Billion |
Industry Comparison
This section compares Ningbo Tuopu Group Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,118,573,594
- Average return on equity (ROE) among peers: 8.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Tuopu Group Co Ltd (601689) | CN¥23.31 Billion | 24.10% | 0.79x | $15.29 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $5.34 Billion | 22.56% | 0.48x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.00 Billion | 2.41% | 2.13x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $294.61 Million | 13.77% | 0.22x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $45.14 Million | 0.00% | 2.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.26 Billion | -4.75% | 1.19x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $891.72 Million | 4.95% | 2.78x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-736.34 Million | 0.00% | 0.00x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $456.79 Million | 21.42% | 0.41x | $3.35 Billion |
About Ningbo Tuopu Group Co Ltd
Ningbo Tuopu Group Co.,Ltd. engages in the research and development, production, and sale of auto parts in China and internationally. The main offers automotive NVH shock absorption systems, interior and exterior decoration systems, lightweight body, cockpit components, thermal management systems, chassis systems, air suspension systems, driving systems, shock absorption systems, interior functio… Read more