Ningbo Haitian Precision Machinery Co Ltd
Ningbo Haitian Precision Machinery Co.,Ltd. manufactures and sells special magnet wires in China and internationally. The company offers enameled aluminum wire, such as round, flat, and copper clad aluminum; bare copper wire and oxygen free copper rods; and specialty wires, including litz, stranded bare copper, and parallel wires. It also provides automobile, electronic, alloy conductor, and draw… Read more
Ningbo Haitian Precision Machinery Co Ltd (601882) - Net Assets
Latest net assets as of September 2025: CN¥2.86 Billion CNY
Based on the latest financial reports, Ningbo Haitian Precision Machinery Co Ltd (601882) has net assets worth CN¥2.86 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¥5.15 Billion) and total liabilities (CN¥2.29 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¥2.86 Billion |
| % of Total Assets | 55.47% |
| Annual Growth Rate | 10.8% |
| 5-Year Change | 93.34% |
| 10-Year Change | 177.53% |
| Growth Volatility | 6.03 |
Ningbo Haitian Precision Machinery Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Ningbo Haitian Precision Machinery 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 Haitian Precision Machinery Co Ltd (2011–2024)
The table below shows the annual net assets of Ningbo Haitian Precision Machinery Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.70 Billion | +16.97% |
| 2023-12-31 | CN¥2.31 Billion | +16.46% |
| 2022-12-31 | CN¥1.99 Billion | +20.66% |
| 2021-12-31 | CN¥1.65 Billion | +17.62% |
| 2020-12-31 | CN¥1.40 Billion | +8.91% |
| 2019-12-31 | CN¥1.28 Billion | +3.72% |
| 2018-12-31 | CN¥1.24 Billion | +6.12% |
| 2017-12-31 | CN¥1.17 Billion | +7.78% |
| 2016-12-31 | CN¥1.08 Billion | +11.11% |
| 2015-12-31 | CN¥974.57 Million | +3.30% |
| 2014-12-31 | CN¥943.40 Million | +6.94% |
| 2013-12-31 | CN¥882.20 Million | +4.36% |
| 2012-12-31 | CN¥845.32 Million | +18.63% |
| 2011-12-31 | CN¥712.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ningbo Haitian Precision Machinery 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 967.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.60 Billion | 59.37% |
| Common Stock | CN¥522.00 Million | 19.31% |
| Other Comprehensive Income | CN¥285.72 Million | 10.57% |
| Other Components | CN¥290.41 Million | 10.75% |
| Total Equity | CN¥2.70 Billion | 100.00% |
Ningbo Haitian Precision Machinery Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Haitian Precision Machinery Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sysgration Ltd
TWO:5309
|
$309.67 Million |
|
Loctek Ergonomic Technology Corp Class A
SHE:300729
|
$309.68 Million |
|
Sirio Pharma
SHE:300791
|
$309.71 Million |
|
Jiangxi Hungpai New Material Co Ltd
SHG:605366
|
$309.80 Million |
|
Taihe Technologies
SHE:300801
|
$309.49 Million |
|
Iteris Inc
NASDAQ:ITI
|
$309.47 Million |
|
Yuanta Sec Kor
KO:003470
|
$309.34 Million |
|
Hangzhou Jizhi Mechatronic Co Ltd
SHE:300553
|
$309.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Haitian Precision Machinery Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,312,336,212 to 2,702,603,344, a change of 390,267,132 (16.9%).
- Net income of 522,992,876 contributed positively to equity growth.
- Dividend payments of 140,940,000 reduced retained earnings.
- Other comprehensive income increased equity by 278,272,098.
- Other factors decreased equity by 270,057,842.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥522.99 Million | +19.35% |
| Dividends Paid | CN¥140.94 Million | -5.21% |
| Other Comprehensive Income | CN¥278.27 Million | +10.3% |
| Other Changes | CN¥-270.06 Million | -9.99% |
| Total Change | CN¥- | 16.88% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Haitian Precision Machinery 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: 4.22x
- 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 14.28x to 4.22x 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¥1.53 | CN¥21.85 | x |
| 2012-12-31 | CN¥1.82 | CN¥21.85 | x |
| 2013-12-31 | CN¥1.88 | CN¥21.85 | x |
| 2014-12-31 | CN¥2.01 | CN¥21.85 | x |
| 2015-12-31 | CN¥2.07 | CN¥21.85 | x |
| 2016-12-31 | CN¥2.22 | CN¥21.85 | x |
| 2017-12-31 | CN¥2.26 | CN¥21.85 | x |
| 2018-12-31 | CN¥2.32 | CN¥21.85 | x |
| 2019-12-31 | CN¥2.46 | CN¥21.85 | x |
| 2020-12-31 | CN¥2.68 | CN¥21.85 | x |
| 2021-12-31 | CN¥3.15 | CN¥21.85 | x |
| 2022-12-31 | CN¥3.80 | CN¥21.85 | x |
| 2023-12-31 | CN¥4.44 | CN¥21.85 | x |
| 2024-12-31 | CN¥5.18 | CN¥21.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Haitian Precision Machinery 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): 19.35%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.60%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.75x
- Recent ROE (19.35%) is above the historical average (12.05%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 5.86% | 3.86% | 0.53x | 2.85x | CN¥-29.49 Million |
| 2012 | 10.86% | 9.36% | 0.49x | 2.35x | CN¥7.28 Million |
| 2013 | 4.07% | 4.07% | 0.42x | 2.37x | CN¥-52.29 Million |
| 2014 | 8.65% | 8.05% | 0.49x | 2.20x | CN¥-12.70 Million |
| 2015 | 6.00% | 5.89% | 0.54x | 1.87x | CN¥-38.92 Million |
| 2016 | 5.85% | 6.28% | 0.53x | 1.77x | CN¥-44.80 Million |
| 2017 | 8.84% | 8.04% | 0.60x | 1.83x | CN¥-13.50 Million |
| 2018 | 8.20% | 7.98% | 0.60x | 1.72x | CN¥-22.34 Million |
| 2019 | 5.97% | 6.59% | 0.53x | 1.71x | CN¥-51.74 Million |
| 2020 | 9.88% | 8.47% | 0.55x | 2.13x | CN¥-1.68 Million |
| 2021 | 22.55% | 13.59% | 0.67x | 2.48x | CN¥206.52 Million |
| 2022 | 26.22% | 16.39% | 0.70x | 2.28x | CN¥322.11 Million |
| 2023 | 26.36% | 18.34% | 0.72x | 2.00x | CN¥378.25 Million |
| 2024 | 19.35% | 15.60% | 0.71x | 1.75x | CN¥252.73 Million |
Industry Comparison
This section compares Ningbo Haitian Precision Machinery Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,569,233,767
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Haitian Precision Machinery Co Ltd (601882) | CN¥2.86 Billion | 5.86% | 0.80x | $309.64 Million |
| Huayi Compressor Co Ltd (000404) | $4.26 Billion | 2.35% | 1.40x | $442.61 Million |
| Shenyang Machine Tool Co Ltd (000410) | $665.41 Million | 10.13% | 1.41x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $3.61 Billion | 10.56% | 0.36x | $1.93 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.16 Billion | 7.64% | 0.59x | $518.05 Million |
| Changchai Co Ltd (000570) | $1.16 Billion | -7.27% | 0.64x | $384.56 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $476.85 Million | 1.36% | 1.42x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $352.33 Million | 0.81% | 1.70x | $533.76 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $260.61 Million | 10.90% | 0.50x | $943.61 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $863.72 Million | 10.27% | 0.62x | $759.53 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $2.89 Billion | 5.30% | 2.21x | $880.10 Million |