Ningbo Orient Wires and Cables Co Ltd
Ningbo Orient Wires & Cables Co.,Ltd. provides land and subsea cable solutions in China and internationally. The company offers subsea cable systems for intercontinental power transmissions; inter array AC subsea cables, export cables, and dynamic IAC products for offshore renewables; and dynamic and umbilical cables for oil and gas sector. It also provides land cable systems for smart grids, sma… Read more
Ningbo Orient Wires and Cables Co Ltd (603606) - Net Assets
Latest net assets as of September 2025: CN¥7.67 Billion CNY
Based on the latest financial reports, Ningbo Orient Wires and Cables Co Ltd (603606) has net assets worth CN¥7.67 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¥13.97 Billion) and total liabilities (CN¥6.31 Billion). 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¥7.67 Billion |
| % of Total Assets | 54.87% |
| Annual Growth Rate | 23.94% |
| 5-Year Change | 119.18% |
| 10-Year Change | 749.52% |
| Growth Volatility | 24.07 |
Ningbo Orient Wires and Cables Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Ningbo Orient Wires and Cables 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 Orient Wires and Cables Co Ltd (2011–2024)
The table below shows the annual net assets of Ningbo Orient Wires and Cables Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.86 Billion | +9.08% |
| 2023-12-31 | CN¥6.29 Billion | +14.50% |
| 2022-12-31 | CN¥5.49 Billion | +12.45% |
| 2021-12-31 | CN¥4.89 Billion | +56.06% |
| 2020-12-31 | CN¥3.13 Billion | +46.11% |
| 2019-12-31 | CN¥2.14 Billion | +23.56% |
| 2018-12-31 | CN¥1.73 Billion | +9.68% |
| 2017-12-31 | CN¥1.58 Billion | +85.20% |
| 2016-12-31 | CN¥853.69 Million | +5.69% |
| 2015-12-31 | CN¥807.71 Million | +4.70% |
| 2014-12-31 | CN¥771.46 Million | +47.66% |
| 2013-12-31 | CN¥522.46 Million | +4.64% |
| 2012-12-31 | CN¥499.30 Million | +18.53% |
| 2011-12-31 | CN¥421.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ningbo Orient Wires and Cables 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 1806.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.56 Billion | 66.41% |
| Common Stock | CN¥687.72 Million | 10.02% |
| Other Components | CN¥1.62 Billion | 23.57% |
| Total Equity | CN¥6.86 Billion | 100.00% |
Ningbo Orient Wires and Cables Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Orient Wires and Cables Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ADMA Biologics Inc
NASDAQ:ADMA
|
$3.61 Billion |
|
Cadence Bancorp
NYSE:CADE
|
$3.61 Billion |
|
NH Foods Ltd
F:NI6
|
$3.61 Billion |
|
Independent Bank
NASDAQ:INDB
|
$3.61 Billion |
|
Berner Kantonalbank AG
SW:BEKN
|
$3.61 Billion |
|
Petrokent Turizm AS
IS:PKENT
|
$3.60 Billion |
|
Zhejiang Jingsheng Mech Electric
SHE:300316
|
$3.60 Billion |
|
Shandong Hongchuang Aluminum Industry Holding Co Ltd
SHE:002379
|
$3.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Orient Wires and Cables Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,290,549,293 to 6,861,700,414, a change of 571,151,121 (9.1%).
- Net income of 1,008,157,262 contributed positively to equity growth.
- Dividend payments of 329,161,540 reduced retained earnings.
- Share repurchases of 89,196,704 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.01 Billion | +14.69% |
| Dividends Paid | CN¥329.16 Million | -4.8% |
| Share Repurchases | CN¥89.20 Million | -1.3% |
| Other Changes | CN¥-18.65 Million | -0.27% |
| Total Change | CN¥- | 9.08% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Orient Wires and Cables 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: 6.72x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 67.42x to 6.72x 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¥1.00 | CN¥67.20 | x |
| 2012-12-31 | CN¥1.18 | CN¥67.20 | x |
| 2013-12-31 | CN¥1.23 | CN¥67.20 | x |
| 2014-12-31 | CN¥1.69 | CN¥67.20 | x |
| 2015-12-31 | CN¥1.46 | CN¥67.20 | x |
| 2016-12-31 | CN¥1.59 | CN¥67.20 | x |
| 2017-12-31 | CN¥2.91 | CN¥67.20 | x |
| 2018-12-31 | CN¥2.62 | CN¥67.20 | x |
| 2019-12-31 | CN¥3.27 | CN¥67.20 | x |
| 2020-12-31 | CN¥4.72 | CN¥67.20 | x |
| 2021-12-31 | CN¥7.43 | CN¥67.20 | x |
| 2022-12-31 | CN¥7.99 | CN¥67.20 | x |
| 2023-12-31 | CN¥9.12 | CN¥67.20 | x |
| 2024-12-31 | CN¥9.99 | CN¥67.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Orient Wires and Cables 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): 14.69%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.09%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 1.77x
- Recent ROE (14.69%) is above the historical average (14.35%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 19.75% | 6.86% | 1.10x | 2.61x | CN¥41.06 Million |
| 2012 | 15.63% | 5.33% | 1.13x | 2.60x | CN¥28.13 Million |
| 2013 | 11.98% | 4.69% | 0.95x | 2.69x | CN¥10.32 Million |
| 2014 | 8.43% | 4.08% | 0.97x | 2.13x | CN¥-12.13 Million |
| 2015 | 6.24% | 2.77% | 1.04x | 2.16x | CN¥-30.39 Million |
| 2016 | 6.07% | 2.98% | 0.85x | 2.41x | CN¥-33.52 Million |
| 2017 | 3.17% | 2.43% | 0.70x | 1.87x | CN¥-107.91 Million |
| 2018 | 9.91% | 5.67% | 0.89x | 1.97x | CN¥-1.58 Million |
| 2019 | 21.14% | 12.25% | 0.94x | 1.84x | CN¥238.27 Million |
| 2020 | 28.38% | 17.56% | 0.83x | 1.95x | CN¥574.69 Million |
| 2021 | 24.35% | 14.99% | 0.95x | 1.72x | CN¥700.67 Million |
| 2022 | 15.32% | 12.01% | 0.76x | 1.67x | CN¥292.51 Million |
| 2023 | 15.90% | 13.68% | 0.69x | 1.69x | CN¥370.98 Million |
| 2024 | 14.69% | 11.09% | 0.75x | 1.77x | CN¥321.99 Million |
Industry Comparison
This section compares Ningbo Orient Wires and Cables Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Orient Wires and Cables Co Ltd (603606) | CN¥7.67 Billion | 19.75% | 0.82x | $3.61 Billion |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |