Nanjing Kangni Mechanical & Electrical Co Ltd (603111) - Net Assets
Based on the latest financial reports, Nanjing Kangni Mechanical & Electrical Co Ltd (603111) has net assets worth CN¥4.27 Billion CNY (≈ $624.65 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.47 Billion ≈ $1.09 Billion USD) and total liabilities (CN¥3.20 Billion ≈ $468.95 Million 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 Nanjing Kangni Mechanical & Electrical C (603111) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.27 Billion |
| % of Total Assets | 57.12% |
| Annual Growth Rate | 21.18% |
| 5-Year Change | 22.95% |
| 10-Year Change | 204.26% |
| Growth Volatility | 52.41 |
Nanjing Kangni Mechanical & Electrical Co Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Nanjing Kangni Mechanical & Electrical Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Nanjing Kangni Mechanical & Electrical C to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Nanjing Kangni Mechanical & Electrical Co Ltd (2009–2025)
The table below shows the annual net assets of Nanjing Kangni Mechanical & Electrical Co Ltd from 2009 to 2025. For live valuation and market cap data, see Nanjing Kangni Mechanical & Electrical C stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.22 Billion ≈ $617.10 Million |
+3.80% |
| 2024-12-31 | CN¥4.06 Billion ≈ $594.52 Million |
+1.09% |
| 2023-12-31 | CN¥4.02 Billion ≈ $588.13 Million |
+7.74% |
| 2022-12-31 | CN¥3.73 Billion ≈ $545.88 Million |
+8.76% |
| 2021-12-31 | CN¥3.43 Billion ≈ $501.92 Million |
+12.31% |
| 2020-12-31 | CN¥3.05 Billion ≈ $446.91 Million |
+16.04% |
| 2019-12-31 | CN¥2.63 Billion ≈ $385.14 Million |
+50.58% |
| 2018-12-31 | CN¥1.75 Billion ≈ $255.77 Million |
-55.93% |
| 2017-12-31 | CN¥3.97 Billion ≈ $580.40 Million |
+186.17% |
| 2016-12-31 | CN¥1.39 Billion ≈ $202.82 Million |
+19.46% |
| 2015-12-31 | CN¥1.16 Billion ≈ $169.78 Million |
+19.39% |
| 2014-12-31 | CN¥971.81 Million ≈ $142.21 Million |
+117.98% |
| 2013-12-31 | CN¥445.83 Million ≈ $65.24 Million |
+18.30% |
| 2012-12-31 | CN¥376.88 Million ≈ $55.15 Million |
+30.23% |
| 2011-12-31 | CN¥289.40 Million ≈ $42.35 Million |
+5.92% |
| 2010-12-31 | CN¥273.23 Million ≈ $39.98 Million |
+40.03% |
| 2009-12-31 | CN¥195.13 Million ≈ $28.55 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Nanjing Kangni Mechanical & Electrical 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 2413.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.59 Billion | 39.17% |
| Other Components | CN¥2.47 Billion | 60.83% |
| Total Equity | CN¥4.06 Billion | 100.00% |
Nanjing Kangni Mechanical & Electrical Co Ltd Competitors by Market Cap
The table below lists competitors of Nanjing Kangni Mechanical & Electrical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Anyang Iron & Steel Inc
SHG:600569
|
$748.18 Million |
|
Qingmu Digital Technology Co.Ltd.
SHE:301110
|
$748.24 Million |
|
Da-Li Development Co Ltd
TW:6177
|
$748.36 Million |
|
Hangzhou Landscaping Incorporated
SHG:605303
|
$748.64 Million |
|
Thurgauer Kantonalbank
SW:TKBP
|
$748.00 Million |
|
Mavi Giyim Sanayi Ve Ticaret AS
IS:MAVI
|
$747.39 Million |
|
Wolfspeed, Inc.
NYSE:WOLF
|
$747.12 Million |
|
China Resources and Environment Co Ltd
SHG:600217
|
$747.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nanjing Kangni Mechanical & Electrical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,916,919,462 to 4,058,230,014, a change of 141,310,552 (3.6%).
- Net income of 351,481,718 contributed positively to equity growth.
- Dividend payments of 221,364,419 reduced retained earnings.
- Other comprehensive income decreased equity by 142,453,814.
- Other factors increased equity by 153,647,066.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥351.48 Million | +8.66% |
| Dividends Paid | CN¥221.36 Million | -5.45% |
| Other Comprehensive Income | CN¥-142.45 Million | -3.51% |
| Other Changes | CN¥153.65 Million | +3.79% |
| Total Change | CN¥- | 3.61% |
Book Value vs Market Value Analysis
This analysis compares Nanjing Kangni Mechanical & Electrical 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: 1.26x
- 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 6.77x to 1.26x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.88 | CN¥5.93 | x |
| 2010-12-31 | CN¥0.83 | CN¥5.93 | x |
| 2011-12-31 | CN¥0.53 | CN¥5.93 | x |
| 2012-12-31 | CN¥0.66 | CN¥5.93 | x |
| 2013-12-31 | CN¥0.79 | CN¥5.93 | x |
| 2014-12-31 | CN¥1.58 | CN¥5.93 | x |
| 2015-12-31 | CN¥1.51 | CN¥5.93 | x |
| 2016-12-31 | CN¥1.79 | CN¥5.93 | x |
| 2017-12-31 | CN¥5.27 | CN¥5.93 | x |
| 2018-12-31 | CN¥1.74 | CN¥5.93 | x |
| 2019-12-31 | CN¥2.54 | CN¥5.93 | x |
| 2020-12-31 | CN¥2.99 | CN¥5.93 | x |
| 2021-12-31 | CN¥3.34 | CN¥5.93 | x |
| 2022-12-31 | CN¥3.63 | CN¥5.93 | x |
| 2023-12-31 | CN¥3.89 | CN¥5.93 | x |
| 2024-12-31 | CN¥4.35 | CN¥5.93 | x |
| 2025-12-31 | CN¥4.71 | CN¥5.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nanjing Kangni Mechanical & Electrical 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): 8.66%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.39%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.90x
- Recent ROE (8.66%) is above the historical average (8.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 34.71% | 12.08% | 0.88x | 3.25x | CN¥44.82 Million |
| 2010 | 38.28% | 13.28% | 0.86x | 3.34x | CN¥72.17 Million |
| 2011 | 44.56% | 13.85% | 0.80x | 4.01x | CN¥95.93 Million |
| 2012 | 34.69% | 12.45% | 0.91x | 3.05x | CN¥88.56 Million |
| 2013 | 27.33% | 11.23% | 0.76x | 3.20x | CN¥74.18 Million |
| 2014 | 14.78% | 10.77% | 0.72x | 1.92x | CN¥45.61 Million |
| 2015 | 16.60% | 11.10% | 0.65x | 2.29x | CN¥73.07 Million |
| 2016 | 18.15% | 11.94% | 0.75x | 2.03x | CN¥107.72 Million |
| 2017 | 7.22% | 11.62% | 0.33x | 1.88x | CN¥-108.27 Million |
| 2018 | -185.15% | -92.25% | 0.72x | 2.79x | CN¥-3.32 Billion |
| 2019 | 25.61% | 19.14% | 0.72x | 1.85x | CN¥396.43 Million |
| 2020 | 14.37% | 12.82% | 0.61x | 1.82x | CN¥129.67 Million |
| 2021 | 11.09% | 10.51% | 0.60x | 1.75x | CN¥36.53 Million |
| 2022 | 7.44% | 8.15% | 0.55x | 1.66x | CN¥-92.32 Million |
| 2023 | 8.99% | 9.90% | 0.56x | 1.63x | CN¥-39.28 Million |
| 2024 | 8.96% | 8.84% | 0.57x | 1.77x | CN¥-40.86 Million |
| 2025 | 8.66% | 8.39% | 0.54x | 1.90x | CN¥-54.34 Million |
Industry Comparison
This section compares Nanjing Kangni Mechanical & Electrical Co Ltd's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $1,933,494,610
- Average return on equity (ROE) among peers: 2.31%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nanjing Kangni Mechanical & Electrical Co Ltd (603111) | CN¥4.27 Billion | 34.71% | 0.75x | $748.02 Million |
| China High-Speed Railway Technology (000008) | $2.28 Billion | -36.68% | 2.83x | $973.85 Million |
| Nanjing Zhongbei Group Co Ltd (000421) | $1.18 Billion | 7.96% | 1.20x | $442.13 Million |
| Ningxia Western Venture Industrial Co Ltd (000557) | $4.97 Billion | 0.90% | 0.06x | $796.00 Million |
| Vontron Technology Co Ltd (000920) | $1.04 Billion | 3.23% | 0.50x | $1.04 Billion |
| China Railway Materials Co Ltd (000927) | $1.66 Billion | 30.22% | 2.33x | $2.16 Billion |
| HeNan Splendor Science & Technology Co Ltd (002296) | $1.41 Billion | -10.74% | 0.59x | $535.87 Million |
| Sichuan Fulin Transportation Group Co Ltd (002357) | $1.20 Billion | 8.57% | 1.25x | $463.32 Million |
| Tianjin Keyvia Electric Co Ltd (300407) | $1.35 Billion | 5.04% | 0.92x | $585.27 Million |
| Chengdu Yunda Technology Co Ltd (300440) | $1.63 Billion | 3.00% | 0.54x | $1.25 Billion |
| Zhejiang Tiantie Industry Co Ltd (300587) | $2.61 Billion | 11.57% | 0.56x | $858.70 Million |
About Nanjing Kangni Mechanical & Electrical Co Ltd
Nanjing Kangni Mechanical & Electrical Co.,Ltd engages in the research and development, manufacture, sale, and maintenance of railway vehicle door systems in China. The company offers mass transit vehicle doors, including electrically driven bi-parting and single-leaf sliding plug, electrically driven bi-parting external tightness and pocket sliding, manual pocket sliding, hinged, manual sliding … Read more