Ningbo Xusheng Auto Technology Co Ltd (603305) - Net Assets
Based on the latest financial reports, Ningbo Xusheng Auto Technology Co Ltd (603305) has net assets worth CN¥7.04 Billion CNY (≈ $1.03 Billion 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¥13.36 Billion ≈ $1.95 Billion USD) and total liabilities (CN¥6.32 Billion ≈ $925.27 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 Ningbo Xusheng Auto Technology Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.04 Billion |
| % of Total Assets | 52.67% |
| Annual Growth Rate | 39.81% |
| 5-Year Change | 99.51% |
| 10-Year Change | 1991.09% |
| Growth Volatility | 39.93 |
Ningbo Xusheng Auto Technology Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Ningbo Xusheng Auto Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603305 total assets for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Xusheng Auto Technology Co Ltd (2013–2024)
The table below shows the annual net assets of Ningbo Xusheng Auto Technology Co Ltd from 2013 to 2024. For live valuation and market cap data, see 603305 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.64 Billion ≈ $971.30 Million |
+6.08% |
| 2023-12-31 | CN¥6.26 Billion ≈ $915.65 Million |
+11.25% |
| 2022-12-31 | CN¥5.62 Billion ≈ $823.08 Million |
+53.82% |
| 2021-12-31 | CN¥3.66 Billion ≈ $535.09 Million |
+9.91% |
| 2020-12-31 | CN¥3.33 Billion ≈ $486.84 Million |
+114.27% |
| 2019-12-31 | CN¥1.55 Billion ≈ $227.21 Million |
+7.44% |
| 2018-12-31 | CN¥1.45 Billion ≈ $211.47 Million |
+25.81% |
| 2017-12-31 | CN¥1.15 Billion ≈ $168.08 Million |
+122.47% |
| 2016-12-31 | CN¥516.31 Million ≈ $75.55 Million |
+62.66% |
| 2015-12-31 | CN¥317.42 Million ≈ $46.45 Million |
+56.94% |
| 2014-12-31 | CN¥202.26 Million ≈ $29.60 Million |
+21.64% |
| 2013-12-31 | CN¥166.28 Million ≈ $24.33 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Ningbo Xusheng Auto Technology 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 2750.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.42 Billion | 36.54% |
| Common Stock | CN¥933.23 Million | 14.08% |
| Other Comprehensive Income | CN¥3.27 Billion | 49.38% |
| Other Components | CN¥1.00 | 0.00% |
| Total Equity | CN¥6.63 Billion | 100.00% |
Ningbo Xusheng Auto Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Xusheng Auto Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tidewater Inc
NYSE:TDW
|
$2.82 Billion |
|
BBVA Banco Frances SA ADR
F:BFP
|
$2.82 Billion |
|
LXP Industrial Trust
NYSE:LXP
|
$2.82 Billion |
|
MultiChoice Group Ltd
JSE:MCG
|
$2.82 Billion |
|
Brookfield Wealth Solutions Ltd.
NYSE:BNT
|
$2.81 Billion |
|
CarGurus
NASDAQ:CARG
|
$2.81 Billion |
|
Viscofan
MC:VIS
|
$2.81 Billion |
|
Nuode Investment Co Ltd
SHG:600110
|
$2.81 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Xusheng Auto Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,244,072,825 to 6,629,874,439, a change of 385,801,614 (6.2%).
- Net income of 416,257,429 contributed positively to equity growth.
- Dividend payments of 260,038,554 reduced retained earnings.
- Other comprehensive income increased equity by 229,934,912.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥416.26 Million | +6.28% |
| Dividends Paid | CN¥260.04 Million | -3.92% |
| Other Comprehensive Income | CN¥229.93 Million | +3.47% |
| Other Changes | CN¥-352.17K | -0.01% |
| Total Change | CN¥- | 6.18% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Xusheng Auto Technology 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: 2.32x
- 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 10.52x to 2.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥1.58 | CN¥16.66 | x |
| 2015-12-31 | CN¥0.44 | CN¥16.66 | x |
| 2016-12-31 | CN¥0.74 | CN¥16.66 | x |
| 2017-12-31 | CN¥1.56 | CN¥16.66 | x |
| 2018-12-31 | CN¥1.83 | CN¥16.66 | x |
| 2019-12-31 | CN¥1.98 | CN¥16.66 | x |
| 2020-12-31 | CN¥3.92 | CN¥16.66 | x |
| 2021-12-31 | CN¥4.17 | CN¥16.66 | x |
| 2022-12-31 | CN¥6.29 | CN¥16.66 | x |
| 2023-12-31 | CN¥6.73 | CN¥16.66 | x |
| 2024-12-31 | CN¥7.17 | CN¥16.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Xusheng Auto Technology 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): 6.28%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.44%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 2.11x
- Recent ROE (6.28%) is below the historical average (16.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 13.84% | 14.88% | 0.76x | 1.22x | CN¥6.39 Million |
| 2014 | 16.95% | 18.23% | 0.59x | 1.58x | CN¥14.05 Million |
| 2015 | 25.36% | 22.95% | 0.70x | 1.59x | CN¥48.76 Million |
| 2016 | 39.44% | 35.78% | 0.76x | 1.44x | CN¥151.99 Million |
| 2017 | 19.34% | 30.06% | 0.52x | 1.25x | CN¥107.25 Million |
| 2018 | 20.32% | 26.81% | 0.45x | 1.67x | CN¥149.21 Million |
| 2019 | 13.31% | 18.83% | 0.44x | 1.61x | CN¥51.32 Million |
| 2020 | 10.02% | 20.45% | 0.35x | 1.38x | CN¥535.12K |
| 2021 | 11.31% | 13.67% | 0.37x | 2.24x | CN¥47.90 Million |
| 2022 | 12.49% | 15.75% | 0.46x | 1.71x | CN¥140.00 Million |
| 2023 | 11.44% | 14.77% | 0.48x | 1.61x | CN¥89.70 Million |
| 2024 | 6.28% | 9.44% | 0.32x | 2.11x | CN¥-246.73 Million |
Industry Comparison
This section compares Ningbo Xusheng Auto Technology Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,591,014,487
- Average return on equity (ROE) among peers: 4.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Xusheng Auto Technology Co Ltd (603305) | CN¥7.04 Billion | 13.84% | 0.90x | $2.82 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $-981.31 Million | 0.00% | 0.00x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $8.58 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $1.12 Billion | 6.84% | 0.38x | $2.32 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.20 Billion | 7.26% | 1.93x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $1.73 Billion | -20.59% | 4.27x | $707.54 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $204.20 Million | 1.54% | 0.67x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.29 Billion | 0.90% | 1.00x | $907.28 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $255.64 Million | 10.42% | 0.21x | $1.95 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $341.13 Million | 10.15% | 0.30x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $6.63 Billion | 13.60% | 0.79x | $3.58 Billion |
About Ningbo Xusheng Auto Technology Co Ltd
Ningbo Xusheng Group Co., Ltd. engages in the research and development, production, and sales of precision aluminum alloy parts in China and internationally. It offers electric drive, electronic control, battery, suspension, body, and thermal management system; energy storage systems; and intelligent machinery products. Its products are used in new energy vehicles. The company was formerly known … Read more