Nbond Nonwovens (603238) - Net Assets

Latest as of September 2025: CN¥1.71 Billion CNY ≈ $250.01 Million USD

Based on the latest financial reports, Nbond Nonwovens (603238) has net assets worth CN¥1.71 Billion CNY (≈ $250.01 Million 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¥3.19 Billion ≈ $466.58 Million USD) and total liabilities (CN¥1.48 Billion ≈ $216.57 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 603238 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.71 Billion
% of Total Assets	53.58%
Annual Growth Rate	20.14%
5-Year Change	20.98%
10-Year Change	406.38%
Growth Volatility	33.18

Nbond Nonwovens - Net Assets Trend (2012–2024)

This chart illustrates how Nbond Nonwovens's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603238 market cap overview.

Annual Net Assets for Nbond Nonwovens (2012–2024)

The table below shows the annual net assets of Nbond Nonwovens from 2012 to 2024. Also explore Nbond Nonwovens annual equity growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2024-12-31	CN¥1.65 Billion ≈ $241.41 Million	+3.21%
2023-12-31	CN¥1.60 Billion ≈ $233.90 Million	+5.04%
2022-12-31	CN¥1.52 Billion ≈ $222.68 Million	+3.71%
2021-12-31	CN¥1.47 Billion ≈ $214.72 Million	+7.60%
2020-12-31	CN¥1.36 Billion ≈ $199.55 Million	+32.67%
2019-12-31	CN¥1.03 Billion ≈ $150.41 Million	+9.86%
2018-12-31	CN¥935.63 Million ≈ $136.91 Million	+6.79%
2017-12-31	CN¥876.15 Million ≈ $128.21 Million	+127.45%
2016-12-31	CN¥385.21 Million ≈ $56.37 Million	+18.24%
2015-12-31	CN¥325.79 Million ≈ $47.67 Million	+29.39%
2014-12-31	CN¥251.79 Million ≈ $36.84 Million	+31.20%
2013-12-31	CN¥191.92 Million ≈ $28.08 Million	+5.19%
2012-12-31	CN¥182.45 Million ≈ $26.70 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Nbond Nonwovens'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 673.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥763.29 Million	54.51%
Common Stock	CN¥177.51 Million	12.68%
Other Comprehensive Income	CN¥93.80 Million	6.70%
Other Components	CN¥365.65 Million	26.11%
Total Equity	CN¥1.40 Billion	100.00%

Nbond Nonwovens Competitors by Market Cap

The table below lists competitors of Nbond Nonwovens ranked by their market capitalization.

Company	Market Cap
Guangxi Bossco Environmental Protection Technology Co Ltd SHE:300422	$322.65 Million
Insyde Software TWO:6231	$322.90 Million
Crowell Development Corp TW:2528	$323.04 Million
Svedbergs i Dalstorp AB (publ) ST:SVED-B	$323.08 Million
iHeartMedia Inc Class A NASDAQ:IHRT	$322.21 Million
Titan Mining Corp TO:TI	$322.20 Million
Orizon Valorização de Resíduos S.A SA:ORVR3	$322.16 Million
Rongyu Group Co Ltd SHE:002622	$322.05 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Nbond Nonwovens's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,358,218,135 to 1,400,245,817, a change of 42,027,682 (3.1%).
Net income of 95,227,339 contributed positively to equity growth.
Dividend payments of 53,252,783 reduced retained earnings.
Other comprehensive income increased equity by 7,872,075.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥95.23 Million	+6.8%
Dividends Paid	CN¥53.25 Million	-3.8%
Other Comprehensive Income	CN¥7.87 Million	+0.56%
Other Changes	CN¥-7.82 Million	-0.56%
Total Change	CN¥-	3.09%

Book Value vs Market Value Analysis

This analysis compares Nbond Nonwovens'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: 1.56x
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 8.94x to 1.56x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2012-12-31	CN¥1.39	CN¥12.42	x
2013-12-31	CN¥1.48	CN¥12.42	x
2014-12-31	CN¥1.92	CN¥12.42	x
2015-12-31	CN¥2.49	CN¥12.42	x
2016-12-31	CN¥2.95	CN¥12.42	x
2017-12-31	CN¥4.69	CN¥12.42	x
2018-12-31	CN¥4.72	CN¥12.42	x
2019-12-31	CN¥5.12	CN¥12.42	x
2020-12-31	CN¥6.57	CN¥12.42	x
2021-12-31	CN¥6.98	CN¥12.42	x
2022-12-31	CN¥7.28	CN¥12.42	x
2023-12-31	CN¥7.56	CN¥12.42	x
2024-12-31	CN¥7.94	CN¥12.42	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Nbond Nonwovens 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): 6.80%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.26%
• Asset Turnover: 0.80x
• Equity Multiplier: 2.01x
Recent ROE (6.80%) is below the historical average (13.92%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2012	18.86%	8.91%	1.37x	1.55x	CN¥16.17 Million
2013	20.57%	9.85%	1.14x	1.83x	CN¥20.28 Million
2014	23.00%	11.69%	1.07x	1.83x	CN¥32.72 Million
2015	22.71%	14.33%	1.06x	1.50x	CN¥41.42 Million
2016	15.43%	11.30%	1.06x	1.29x	CN¥20.90 Million
2017	6.62%	8.34%	0.45x	1.75x	CN¥-26.31 Million
2018	6.72%	5.90%	0.63x	1.81x	CN¥-26.99 Million
2019	9.26%	7.52%	0.68x	1.81x	CN¥-6.57 Million
2020	33.11%	18.84%	0.88x	2.00x	CN¥264.31 Million
2021	7.74%	6.36%	0.69x	1.76x	CN¥-28.19 Million
2022	4.00%	3.26%	0.70x	1.75x	CN¥-77.55 Million
2023	6.08%	4.32%	0.77x	1.83x	CN¥-53.18 Million
2024	6.80%	4.26%	0.80x	2.01x	CN¥-44.80 Million

Industry Comparison

This section compares Nbond Nonwovens's net assets metrics with peer companies in the Textile Manufacturing industry.

Industry Context

Industry: Textile Manufacturing
Average net assets among peers: $2,347,306,300
Average return on equity (ROE) among peers: 4.69%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Nbond Nonwovens (603238)	CN¥1.71 Billion	18.86%	0.87x	$322.61 Million
Shenzhen Textile Holdings Co Ltd (000045)	$430.71 Million	6.25%	0.56x	$747.68 Million
Shijiazhuang Changshan Textile Co Ltd (000158)	$1.53 Billion	2.52%	1.22x	$3.09 Billion
Jilin Chemical Fibre Co Ltd (000420)	$2.78 Billion	3.08%	1.22x	$1.28 Billion
Lu Thai Textile Co Ltd (000726)	$161.07 Million	16.98%	1.99x	$527.70 Million
Anhui Huamao Textile Co Ltd (000850)	$3.97 Billion	9.07%	0.74x	$584.11 Million
Xinxiang Chemical Fiber Co Ltd (000949)	$1.28 Billion	0.64%	1.58x	$1.68 Billion
Xinlong Holding Group Co Ltd (000955)	$432.59 Million	0.23%	1.21x	$324.59 Million
Huafu Top Dyed Melange Yarn Co Ltd (002042)	$6.78 Billion	-5.17%	1.68x	$1.01 Billion
Sunvim Group Co Ltd (002083)	$4.44 Billion	7.83%	0.73x	$1.36 Billion
Hongda High-Tech Holding Co Ltd (002144)	$1.67 Billion	5.45%	0.17x	$281.94 Million

About Nbond Nonwovens

SHG:603238 China Textile Manufacturing

Market Cap

$322.61 Million

CN¥2.20 Billion CNY

Market Cap Rank

#14638 Global

#4406 in China

Share Price

CN¥12.42

Change (1 day)

+1.31%

52-Week Range

CN¥10.66 - CN¥20.17

All Time High

CN¥34.87