Ningbo Construction Co Ltd
Ningbo Construction Co., Ltd. operates in the civil engineering construction business in China. The company involved in the survey, design, construction, and installation of landscaping, municipal roads, and bridges, as well as building decoration; and design and construction of building curtain walls, ready-mixed commercial concrete, cement prefabricated components, steel structures, prefabricat… Read more
Ningbo Construction Co Ltd (601789) - Net Assets
Latest net assets as of September 2025: CN¥5.04 Billion CNY
Based on the latest financial reports, Ningbo Construction Co Ltd (601789) has net assets worth CN¥5.04 Billion 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¥30.65 Billion) and total liabilities (CN¥25.61 Billion). 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¥5.04 Billion |
| % of Total Assets | 16.44% |
| Annual Growth Rate | 16.67% |
| 5-Year Change | 43.35% |
| 10-Year Change | 126.28% |
| Growth Volatility | 26.95 |
Ningbo Construction Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Ningbo Construction 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 Construction Co Ltd (2008–2024)
The table below shows the annual net assets of Ningbo Construction Co Ltd from 2008 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.44 Billion | +3.31% |
| 2023-12-31 | CN¥5.26 Billion | -4.30% |
| 2022-12-31 | CN¥5.50 Billion | +29.62% |
| 2021-12-31 | CN¥4.24 Billion | +11.86% |
| 2020-12-31 | CN¥3.79 Billion | +16.66% |
| 2019-12-31 | CN¥3.25 Billion | +7.22% |
| 2018-12-31 | CN¥3.03 Billion | +11.62% |
| 2017-12-31 | CN¥2.72 Billion | +6.51% |
| 2016-12-31 | CN¥2.55 Billion | +6.16% |
| 2015-12-31 | CN¥2.40 Billion | +6.25% |
| 2014-12-31 | CN¥2.26 Billion | +6.58% |
| 2013-12-31 | CN¥2.12 Billion | +19.31% |
| 2012-12-31 | CN¥1.78 Billion | +40.93% |
| 2011-12-31 | CN¥1.26 Billion | +115.28% |
| 2010-12-31 | CN¥586.39 Million | +12.97% |
| 2009-12-31 | CN¥519.04 Million | +12.51% |
| 2008-12-31 | CN¥461.34 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ningbo Construction 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 3007.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.27 Billion | 45.60% |
| Common Stock | CN¥1.09 Billion | 21.81% |
| Other Comprehensive Income | CN¥668.81 Million | 13.42% |
| Other Components | CN¥954.85 Million | 19.16% |
| Total Equity | CN¥4.98 Billion | 100.00% |
Ningbo Construction Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Construction Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Winall Hi tech Seed
SHE:300087
|
$793.82 Million |
|
JBG SMITH Properties
NYSE:JBGS
|
$793.95 Million |
|
Shenzhen Fine Made Electronics Group Co Ltd
SHE:300671
|
$794.17 Million |
|
Jiangsu Yinhe Electronics Co Ltd
SHE:002519
|
$794.35 Million |
|
Chengdu Information Technology of Chinese Academy of Sciences Co Ltd
SHE:300678
|
$793.55 Million |
|
Ennostar Inc
TW:3714
|
$793.47 Million |
|
Shanghai Mechanical & Electrical Industry Co Ltd B
SHG:900925
|
$793.24 Million |
|
Dalian Huarui Heavy Industry Group Co Ltd
SHE:002204
|
$793.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Construction Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,798,695,028 to 4,982,349,733, a change of 183,654,705 (3.8%).
- Net income of 308,336,981 contributed positively to equity growth.
- Dividend payments of 366,216,545 reduced retained earnings.
- Other comprehensive income increased equity by 30,202,149.
- Other factors increased equity by 211,332,120.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥308.34 Million | +6.19% |
| Dividends Paid | CN¥366.22 Million | -7.35% |
| Other Comprehensive Income | CN¥30.20 Million | +0.61% |
| Other Changes | CN¥211.33 Million | +4.24% |
| Total Change | CN¥- | 3.83% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Construction 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: 1.48x
- 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 9.89x to 1.48x 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¥0.69 | CN¥6.79 | x |
| 2009-12-31 | CN¥0.79 | CN¥6.79 | x |
| 2010-12-31 | CN¥0.90 | CN¥6.79 | x |
| 2011-12-31 | CN¥1.82 | CN¥6.79 | x |
| 2012-12-31 | CN¥2.15 | CN¥6.79 | x |
| 2013-12-31 | CN¥2.17 | CN¥6.79 | x |
| 2014-12-31 | CN¥2.23 | CN¥6.79 | x |
| 2015-12-31 | CN¥2.36 | CN¥6.79 | x |
| 2016-12-31 | CN¥2.50 | CN¥6.79 | x |
| 2017-12-31 | CN¥2.65 | CN¥6.79 | x |
| 2018-12-31 | CN¥2.80 | CN¥6.79 | x |
| 2019-12-31 | CN¥2.97 | CN¥6.79 | x |
| 2020-12-31 | CN¥3.43 | CN¥6.79 | x |
| 2021-12-31 | CN¥3.66 | CN¥6.79 | x |
| 2022-12-31 | CN¥4.66 | CN¥6.79 | x |
| 2023-12-31 | CN¥4.12 | CN¥6.79 | x |
| 2024-12-31 | CN¥4.58 | CN¥6.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Construction 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): 6.19%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.46%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 6.43x
- Recent ROE (6.19%) is below the historical average (10.04%), 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 | 18.53% | 1.34% | 1.85x | 7.46x | CN¥35.20 Million |
| 2009 | 17.74% | 1.21% | 2.42x | 6.05x | CN¥36.58 Million |
| 2010 | 18.17% | 1.24% | 2.47x | 5.93x | CN¥44.17 Million |
| 2011 | 9.55% | 1.34% | 1.96x | 3.64x | CN¥-5.41 Million |
| 2012 | 7.81% | 1.42% | 1.23x | 4.48x | CN¥-37.83 Million |
| 2013 | 10.98% | 1.68% | 1.56x | 4.20x | CN¥20.28 Million |
| 2014 | 8.45% | 1.35% | 1.32x | 4.77x | CN¥-33.64 Million |
| 2015 | 8.30% | 1.44% | 1.09x | 5.32x | CN¥-39.05 Million |
| 2016 | 8.00% | 1.43% | 1.05x | 5.34x | CN¥-48.80 Million |
| 2017 | 8.28% | 1.45% | 1.06x | 5.38x | CN¥-44.56 Million |
| 2018 | 8.03% | 1.41% | 1.07x | 5.34x | CN¥-53.92 Million |
| 2019 | 8.30% | 1.29% | 1.18x | 5.45x | CN¥-49.17 Million |
| 2020 | 7.83% | 1.41% | 1.06x | 5.22x | CN¥-77.36 Million |
| 2021 | 10.74% | 1.95% | 1.02x | 5.38x | CN¥28.57 Million |
| 2022 | 6.88% | 1.59% | 0.88x | 4.89x | CN¥-158.16 Million |
| 2023 | 6.86% | 1.45% | 0.80x | 5.94x | CN¥-150.48 Million |
| 2024 | 6.19% | 1.46% | 0.66x | 6.43x | CN¥-189.90 Million |
Industry Comparison
This section compares Ningbo Construction Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $2,293,171,469
- Average return on equity (ROE) among peers: -19.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Construction Co Ltd (601789) | CN¥5.04 Billion | 18.53% | 5.08x | $793.61 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $2.21 Billion | 1.80% | 1.20x | $542.14 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $273.69 Million | 5.51% | 1.09x | $1.18 Billion |
| NORINCO International Cooperation Ltd (000065) | $10.22 Billion | 10.27% | 1.39x | $959.60 Million |
| Shenzhen Tagen Group Co Ltd (000090) | $1.08 Billion | 6.39% | 1.55x | $602.43 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $433.84 Million | -22.79% | 2.88x | $597.20 Million |
| Jinyuan Cement Co Ltd (000546) | $4.61 Billion | 0.86% | 0.22x | $312.99 Million |
| Hunan Investment Group Co Ltd (000548) | $1.41 Billion | 7.29% | 0.50x | $259.03 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $134.20 Million | -202.04% | 12.95x | $1.18 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $307.94 Million | -4.18% | 0.33x | $300.46 Million |
| Hainan Expressway Co Ltd (000886) | $2.26 Billion | 1.18% | 0.16x | $593.20 Million |