Ningbo Tianlong Electronics Co Ltd
Ningbo Tianlong Electronics Co., Ltd. engages in the production and sale of precision molds, injection molding, and automated assembly solutions in China. The company offers automotive components, such as electronic water pumps, actuator motors, electronic controller systems, battery systems, and IGBT function modules; and door, engine, car light, fuel tank, heat exchange, central control instrum… Read more
Ningbo Tianlong Electronics Co Ltd (603266) - Net Assets
Latest net assets as of September 2025: CN¥1.57 Billion CNY
Based on the latest financial reports, Ningbo Tianlong Electronics Co Ltd (603266) has net assets worth CN¥1.57 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¥2.12 Billion) and total liabilities (CN¥548.82 Million). 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¥1.57 Billion |
| % of Total Assets | 74.1% |
| Annual Growth Rate | 19.83% |
| 5-Year Change | 46.22% |
| 10-Year Change | 312.54% |
| Growth Volatility | 20.72 |
Ningbo Tianlong Electronics Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Ningbo Tianlong Electronics 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 Tianlong Electronics Co Ltd (2011–2024)
The table below shows the annual net assets of Ningbo Tianlong Electronics Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.50 Billion | +5.51% |
| 2023-12-31 | CN¥1.42 Billion | +5.89% |
| 2022-12-31 | CN¥1.34 Billion | +11.06% |
| 2021-12-31 | CN¥1.21 Billion | +17.83% |
| 2020-12-31 | CN¥1.03 Billion | +12.39% |
| 2019-12-31 | CN¥912.72 Million | +5.11% |
| 2018-12-31 | CN¥868.33 Million | +5.61% |
| 2017-12-31 | CN¥822.24 Million | +84.76% |
| 2016-12-31 | CN¥445.03 Million | +22.41% |
| 2015-12-31 | CN¥363.56 Million | +23.86% |
| 2014-12-31 | CN¥293.53 Million | +22.17% |
| 2013-12-31 | CN¥240.26 Million | +40.15% |
| 2012-12-31 | CN¥171.43 Million | +20.16% |
| 2011-12-31 | CN¥142.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ningbo Tianlong Electronics 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 1131.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥826.54 Million | 55.11% |
| Common Stock | CN¥198.89 Million | 13.26% |
| Other Comprehensive Income | CN¥214.15 Million | 14.28% |
| Other Components | CN¥260.25 Million | 17.35% |
| Total Equity | CN¥1.50 Billion | 100.00% |
Ningbo Tianlong Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Tianlong Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
FIRST UTD CORP. DL-01
F:FU3
|
$189.63 Million |
|
Entravision Communications
NYSE:EVC
|
$189.67 Million |
|
Shandong Tongda Island New Materials Co Ltd
SHE:300321
|
$189.71 Million |
|
Strandline Resources Limited
PINK:STQNF
|
$189.72 Million |
|
Zhejiang Qianjiang Biochemical Co Ltd
SHG:600796
|
$189.62 Million |
|
Nanchang Mineral Systems Co. Ltd. A
SHE:001360
|
$189.60 Million |
|
Ames National Corporation
NASDAQ:ATLO
|
$189.58 Million |
|
Zhejiang Ming Jewelry Co Ltd
SHE:002574
|
$189.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Tianlong Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,421,432,908 to 1,499,820,276, a change of 78,387,368 (5.5%).
- Net income of 110,180,192 contributed positively to equity growth.
- Dividend payments of 33,810,748 reduced retained earnings.
- Other comprehensive income increased equity by 5,050,753.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥110.18 Million | +7.35% |
| Dividends Paid | CN¥33.81 Million | -2.25% |
| Other Comprehensive Income | CN¥5.05 Million | +0.34% |
| Other Changes | CN¥-3.03 Million | -0.2% |
| Total Change | CN¥- | 5.51% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Tianlong Electronics 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: 2.45x
- 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 20.31x to 2.45x 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¥0.90 | CN¥18.38 | x |
| 2012-12-31 | CN¥1.10 | CN¥18.38 | x |
| 2013-12-31 | CN¥1.58 | CN¥18.38 | x |
| 2014-12-31 | CN¥1.92 | CN¥18.38 | x |
| 2015-12-31 | CN¥2.40 | CN¥18.38 | x |
| 2016-12-31 | CN¥2.94 | CN¥18.38 | x |
| 2017-12-31 | CN¥4.18 | CN¥18.38 | x |
| 2018-12-31 | CN¥4.30 | CN¥18.38 | x |
| 2019-12-31 | CN¥4.63 | CN¥18.38 | x |
| 2020-12-31 | CN¥5.20 | CN¥18.38 | x |
| 2021-12-31 | CN¥6.05 | CN¥18.38 | x |
| 2022-12-31 | CN¥6.75 | CN¥18.38 | x |
| 2023-12-31 | CN¥7.14 | CN¥18.38 | x |
| 2024-12-31 | CN¥7.49 | CN¥18.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Tianlong Electronics 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): 7.35%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.06%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.39x
- Recent ROE (7.35%) is below the historical average (16.40%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 31.98% | 10.16% | 1.23x | 2.56x | CN¥29.39 Million |
| 2012 | 39.78% | 10.78% | 1.46x | 2.52x | CN¥48.53 Million |
| 2013 | 29.74% | 10.69% | 1.45x | 1.93x | CN¥45.67 Million |
| 2014 | 23.89% | 10.55% | 1.32x | 1.71x | CN¥39.40 Million |
| 2015 | 19.15% | 9.56% | 1.15x | 1.74x | CN¥32.13 Million |
| 2016 | 18.75% | 10.06% | 1.10x | 1.69x | CN¥37.84 Million |
| 2017 | 9.73% | 9.16% | 0.83x | 1.28x | CN¥-2.15 Million |
| 2018 | 7.91% | 7.25% | 0.84x | 1.30x | CN¥-17.73 Million |
| 2019 | 7.15% | 7.08% | 0.78x | 1.29x | CN¥-25.96 Million |
| 2020 | 9.04% | 9.53% | 0.72x | 1.33x | CN¥-9.81 Million |
| 2021 | 8.10% | 8.27% | 0.69x | 1.42x | CN¥-22.91 Million |
| 2022 | 9.16% | 9.80% | 0.65x | 1.43x | CN¥-11.33 Million |
| 2023 | 7.84% | 8.46% | 0.65x | 1.43x | CN¥-30.65 Million |
| 2024 | 7.35% | 8.06% | 0.65x | 1.39x | CN¥-39.80 Million |
Industry Comparison
This section compares Ningbo Tianlong Electronics Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $761,090,540
- Average return on equity (ROE) among peers: 6.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Tianlong Electronics Co Ltd (603266) | CN¥1.57 Billion | 31.98% | 0.35x | $189.63 Million |
| Wanxiang Qianchao Co Ltd (000559) | $558.63 Million | 15.02% | 0.63x | $2.37 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $479.50 Million | 15.65% | 0.50x | $1.70 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.22 Billion | 4.21% | 2.30x | $762.71 Million |
| Qingdao Doublestar Co Ltd (000599) | $370.10 Million | 10.86% | 0.24x | $407.91 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $199.09 Million | -13.76% | 0.99x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $351.71 Million | 3.10% | 0.97x | $600.87 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $2.33 Billion | 0.47% | 2.18x | $943.47 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-748.83 Million | 0.00% | 0.00x | $214.30 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $146.05 Million | 29.40% | 2.09x | $1.94 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $2.71 Billion | 2.72% | 0.97x | $1.55 Billion |