Nbond Nonwovens (603238) - Net Assets
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 Nbond Nonwovens asset resilience ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore 603238 total assets for the complete picture of this company's asset base.
Annual Net Assets for Nbond Nonwovens (2012–2024)
The table below shows the annual net assets of Nbond Nonwovens from 2012 to 2024. For live valuation and market cap data, see market cap of Nbond Nonwovens.
| 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 |
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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 |
|---|---|
|
Valhi Inc
NYSE:VHI
|
$414.06 Million |
|
Linzhou Heavy Machinery Group Co Ltd
SHE:002535
|
$414.11 Million |
|
Huayang Intelligent Co Ltd
SHE:301502
|
$414.15 Million |
|
National Fertilizers Limited
NSE:NFL
|
$414.19 Million |
|
Uzin Utz AG
XETRA:UZU
|
$413.99 Million |
|
Nexus Real Estate Investment Trust
TO:NXR-UN
|
$413.97 Million |
|
Guangdong Jushen Logistics Co Ltd
SHE:001202
|
$413.93 Million |
|
Bandwidth Inc
NASDAQ:BAND
|
$413.87 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: 2.01x
- 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 11.47x to 2.01x 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¥15.94 | x |
| 2013-12-31 | CN¥1.48 | CN¥15.94 | x |
| 2014-12-31 | CN¥1.92 | CN¥15.94 | x |
| 2015-12-31 | CN¥2.49 | CN¥15.94 | x |
| 2016-12-31 | CN¥2.95 | CN¥15.94 | x |
| 2017-12-31 | CN¥4.69 | CN¥15.94 | x |
| 2018-12-31 | CN¥4.72 | CN¥15.94 | x |
| 2019-12-31 | CN¥5.12 | CN¥15.94 | x |
| 2020-12-31 | CN¥6.57 | CN¥15.94 | x |
| 2021-12-31 | CN¥6.98 | CN¥15.94 | x |
| 2022-12-31 | CN¥7.28 | CN¥15.94 | x |
| 2023-12-31 | CN¥7.56 | CN¥15.94 | x |
| 2024-12-31 | CN¥7.94 | CN¥15.94 | 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: $1,920,644,166
- Average return on equity (ROE) among peers: -17.14%
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 | $414.04 Million |
| Shenzhen Textile Holdings Co Ltd (000045) | $355.63 Million | 7.09% | 1.07x | $803.19 Million |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $6.01 Billion | 5.91% | 1.13x | $4.02 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $171.85 Million | -229.00% | 22.27x | $1.84 Billion |
| Lu Thai Textile Co Ltd (000726) | $319.30 Million | 12.54% | 0.86x | $566.63 Million |
| Anhui Huamao Textile Co Ltd (000850) | $4.28 Billion | 2.77% | 0.77x | $626.92 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $3.78 Billion | 3.43% | 1.15x | $1.96 Billion |
| Xinlong Holding Group Co Ltd (000955) | $483.18 Million | 3.34% | 0.67x | $409.68 Million |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $131.39 Million | 14.72% | 1.47x | $1.23 Billion |
| Sunvim Group Co Ltd (002083) | $2.54 Billion | 4.26% | 1.67x | $1.57 Billion |
| Hongda High-Tech Holding Co Ltd (002144) | $1.14 Billion | 3.53% | 0.31x | $368.59 Million |
About Nbond Nonwovens
HangZhou Nbond Nonwovens Co., Ltd. engages in the research, develop, production, and sale of spunlace nonwovens materials in China and internationally. It provides beauty materials, industrial materials, civil cleaning, and medical materials products; and non-woven dry towel products, such as cotton soft towels, beauty products, civil cleaning rags, industrial wipes, etc. The company also offers … Read more