Ningbo Tuopu Group Co Ltd Net Assets
Ningbo Tuopu Group Co Ltd net assets. Based on the latest financial reports, Ningbo Tuopu Group Co Ltd (601689) has net assets worth CN¥24.26 Billion CNY (≈ $3.55 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥42.59 Billion ≈ $6.23 Billion USD) and total liabilities (CN¥18.34 Billion ≈ $2.68 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. Also explore Ningbo Tuopu Group Co Ltd (601689) equity growth momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥24.26 Billion |
| % of Total Assets | 56.95% |
| Annual Growth Rate | 27.12% |
| 5-Year Change | 131.23% |
| 10-Year Change | 623.09% |
| Growth Volatility | 31.78 |
Net Assets of Ningbo Tuopu Group Co Ltd (2011–2025)
Net assets of Ningbo Tuopu Group Co Ltd from 2011 to 2025. This chart illustrates how Ningbo Tuopu Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See Ningbo Tuopu Group Co Ltd (601689) balance sheet quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Ningbo Tuopu Group Co Ltd (2011–2025)
The table below shows the annual net assets of Ningbo Tuopu Group Co Ltd from 2011 to 2025. For live market cap and overall valuation, see how much is Ningbo Tuopu Group Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥24.56 Billion ≈ $3.59 Billion |
+24.18% |
| 2024-12-31 | CN¥19.78 Billion ≈ $2.89 Billion |
+41.78% |
| 2023-12-31 | CN¥13.95 Billion ≈ $2.04 Billion |
+14.71% |
| 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 8082.0% over the analyzed period, indicating profitable operations and earnings retention.
Ningbo Tuopu Group Co Ltd Net Assets Breakdown (December 2025)
Ningbo Tuopu Group Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.40 Billion | 43.14% |
| Common Stock | CN¥1.74 Billion | 7.21% |
| Other Comprehensive Income | CN¥1.09 Billion | 4.53% |
| Other Components | CN¥10.87 Billion | 45.12% |
| Total Equity | CN¥24.10 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 |
|---|---|
|
Nio Inc Class A ADR
F:N3IA
|
$10.96 Billion |
|
Aritzia Inc
TO:ATZ
|
$10.96 Billion |
|
Allegion PLC
NYSE:ALLE
|
$10.97 Billion |
|
Five Below Inc
NASDAQ:FIVE
|
$10.98 Billion |
|
MMG Limited
F:OMS1
|
$10.95 Billion |
|
Koc Holding AS
IS:KCHOL
|
$10.95 Billion |
|
Aditya Birla Capital Limited
NSE:ABCAPITAL
|
$10.93 Billion |
|
Jfrog Ltd
NASDAQ:FROG
|
$10.93 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 2024 to 2025, total equity changed from 19,550,263,949 to 24,097,986,619, a change of 4,547,722,670 (23.3%).
- Net income of 2,779,071,103 contributed positively to equity growth.
- Dividend payments of 901,936,666 reduced retained earnings.
- Other comprehensive income increased equity by 219,482,726.
- Other factors increased equity by 2,451,105,507.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.78 Billion | +11.53% |
| Dividends Paid | CN¥901.94 Million | -3.74% |
| Other Comprehensive Income | CN¥219.48 Million | +0.91% |
| Other Changes | CN¥2.45 Billion | +10.17% |
| Total Change | CN¥- | 23.26% |
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: 3.09x
- 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 37.89x to 3.09x 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¥43.08 | x |
| 2012-12-31 | CN¥1.46 | CN¥43.08 | x |
| 2013-12-31 | CN¥1.90 | CN¥43.08 | x |
| 2014-12-31 | CN¥1.96 | CN¥43.08 | x |
| 2015-12-31 | CN¥3.52 | CN¥43.08 | x |
| 2016-12-31 | CN¥3.59 | CN¥43.08 | x |
| 2017-12-31 | CN¥6.41 | CN¥43.08 | x |
| 2018-12-31 | CN¥6.81 | CN¥43.08 | x |
| 2019-12-31 | CN¥6.99 | CN¥43.08 | x |
| 2020-12-31 | CN¥7.38 | CN¥43.08 | x |
| 2021-12-31 | CN¥9.68 | CN¥43.08 | x |
| 2022-12-31 | CN¥11.01 | CN¥43.08 | x |
| 2023-12-31 | CN¥8.62 | CN¥43.08 | x |
| 2024-12-31 | CN¥11.60 | CN¥43.08 | x |
| 2025-12-31 | CN¥13.96 | CN¥43.08 | 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): 11.53%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.42%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 1.83x
- Recent ROE (11.53%) is below the historical average (15.36%), 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¥487.24 Million |
| 2023 | 15.60% | 10.92% | 0.64x | 2.24x | CN¥772.20 Million |
| 2024 | 15.35% | 11.28% | 0.70x | 1.93x | CN¥1.05 Billion |
| 2025 | 11.53% | 9.42% | 0.67x | 1.83x | CN¥369.27 Million |
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: $2,673,842,672
- Average return on equity (ROE) among peers: 7.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Tuopu Group Co Ltd (601689) | CN¥24.26 Billion | 24.10% | 0.76x | $10.96 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $747.95 Million | 3.82% | 1.74x | $878.35 Million |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $6.11 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $16.47 Billion | 14.55% | 0.27x | $1.97 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.05 Billion | 4.62% | 2.03x | $923.61 Million |
| Qingdao Doublestar Co Ltd (000599) | $1.51 Billion | 2.38% | 2.25x | $1.33 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $-104.62 Million | 0.00% | 0.00x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.10 Billion | 0.29% | 0.96x | $1.22 Billion |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.82 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $700.55 Million | 11.30% | 0.76x | $289.99 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $699.33 Million | 19.09% | 1.09x | $3.14 Billion |
About Ningbo Tuopu Group Co Ltd
Ningbo Tuopu Group Co.,Ltd. engages in the research, development, production, and sale of auto parts in China and internationally. The company offers noise, vibration, and harshness damping systems, such as powertrain supports, drive motor shock absorbers, telescopic shock absorber supports, torsional shock absorbers, subframe supports, and hydraulic bushings; and interior and exterior trim syste… Read more