Ningbo Orient Wires and Cables Co Ltd (603606) - Net Assets

Latest as of March 2026: CN¥8.51 Billion CNY ≈ $1.24 Billion USD

Based on the latest financial reports, Ningbo Orient Wires and Cables Co Ltd (603606) has net assets worth CN¥8.51 Billion CNY (≈ $1.24 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥16.19 Billion ≈ $2.37 Billion USD) and total liabilities (CN¥7.68 Billion ≈ $1.12 Billion 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 Orient Wires and Cables Co Ltd (603606) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥8.51 Billion
% of Total Assets	52.55%
Annual Growth Rate	23.8%
5-Year Change	71.38%
10-Year Change	880.84%
Growth Volatility	23.22

Ningbo Orient Wires and Cables Co Ltd - Net Assets Trend (2011–2025)

This chart illustrates how Ningbo Orient Wires and Cables Co Ltd's net assets have evolved over time, based on quarterly financial data. See Ningbo Orient Wires and Cables Co Ltd (603606) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Ningbo Orient Wires and Cables Co Ltd (2011–2025)

The table below shows the annual net assets of Ningbo Orient Wires and Cables Co Ltd from 2011 to 2025. For live valuation and market cap data, see Ningbo Orient Wires and Cables Co Ltd market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥8.37 Billion ≈ $1.23 Billion	+22.03%
2024-12-31	CN¥6.86 Billion ≈ $1.00 Billion	+9.08%
2023-12-31	CN¥6.29 Billion ≈ $920.51 Million	+14.50%
2022-12-31	CN¥5.49 Billion ≈ $803.94 Million	+12.45%
2021-12-31	CN¥4.89 Billion ≈ $714.94 Million	+56.06%
2020-12-31	CN¥3.13 Billion ≈ $458.12 Million	+46.11%
2019-12-31	CN¥2.14 Billion ≈ $313.54 Million	+23.56%
2018-12-31	CN¥1.73 Billion ≈ $253.76 Million	+9.68%
2017-12-31	CN¥1.58 Billion ≈ $231.36 Million	+85.20%
2016-12-31	CN¥853.69 Million ≈ $124.92 Million	+5.69%
2015-12-31	CN¥807.71 Million ≈ $118.19 Million	+4.70%
2014-12-31	CN¥771.46 Million ≈ $112.89 Million	+47.66%
2013-12-31	CN¥522.46 Million ≈ $76.45 Million	+4.64%
2012-12-31	CN¥499.30 Million ≈ $73.06 Million	+18.53%
2011-12-31	CN¥421.23 Million ≈ $61.64 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 2190.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥5.47 Billion	66.10%
Common Stock	CN¥687.72 Million	8.30%
Other Comprehensive Income	CN¥979.31 Million	11.82%
Other Components	CN¥1.14 Billion	13.77%
Total Equity	CN¥8.28 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
Granite Real Estate Investment Trust NYSE:GRTUF	$4.02 Billion
Marex Group plc Ordinary Shares NASDAQ:MRX	$4.02 Billion
Brinks Company NYSE:BCO	$4.02 Billion
Optowide Technologies Co. Ltd. A SHG:688195	$4.02 Billion
Sunrise Communications AG NASDAQ:SNRE	$4.02 Billion
Acerinox MC:ACX	$4.02 Billion
PJT Partners Inc NYSE:PJT	$4.01 Billion
OPENLANE, Inc. NYSE:OPLN	$4.01 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 2024 to 2025, total equity changed from 6,861,700,414 to 8,282,782,735, a change of 1,421,082,321 (20.7%).
Net income of 1,271,408,899 contributed positively to equity growth.
Dividend payments of 308,459,520 reduced retained earnings.
Share repurchases of 17,989,179 reduced equity.
Other comprehensive income increased equity by 979,313,023.
Other factors decreased equity by 503,190,902.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.27 Billion	+15.35%
Dividends Paid	CN¥308.46 Million	-3.72%
Share Repurchases	CN¥17.99 Million	-0.22%
Other Comprehensive Income	CN¥979.31 Million	+11.82%
Other Changes	CN¥-503.19 Million	-6.08%
Total Change	CN¥-	20.71%

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: 3.30x
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 40.06x to 3.30x 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¥39.93	x
2012-12-31	CN¥1.18	CN¥39.93	x
2013-12-31	CN¥1.23	CN¥39.93	x
2014-12-31	CN¥1.69	CN¥39.93	x
2015-12-31	CN¥1.46	CN¥39.93	x
2016-12-31	CN¥1.59	CN¥39.93	x
2017-12-31	CN¥2.91	CN¥39.93	x
2018-12-31	CN¥2.62	CN¥39.93	x
2019-12-31	CN¥3.27	CN¥39.93	x
2020-12-31	CN¥4.72	CN¥39.93	x
2021-12-31	CN¥7.43	CN¥39.93	x
2022-12-31	CN¥7.99	CN¥39.93	x
2023-12-31	CN¥9.12	CN¥39.93	x
2024-12-31	CN¥9.99	CN¥39.93	x
2025-12-31	CN¥12.08	CN¥39.93	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): 15.35%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.75%
• Asset Turnover: 0.69x
• Equity Multiplier: 1.89x
Recent ROE (15.35%) is above the historical average (14.42%), 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
2025	15.35%	11.75%	0.69x	1.89x	CN¥443.13 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: $2,375,666,864
Average return on equity (ROE) among peers: 8.16%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ningbo Orient Wires and Cables Co Ltd (603606)	CN¥8.51 Billion	19.75%	0.90x	$4.02 Billion
XJ Electric Co Ltd (000400)	$6.87 Billion	10.49%	0.82x	$3.41 Billion
Guangdong Macro Co Ltd (000533)	$1.03 Billion	9.12%	1.88x	$1.05 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.33 Billion	9.42%	0.10x	$908.69 Million
Dongfang Electronics Co Ltd (000682)	$1.51 Billion	1.44%	0.29x	$2.52 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.05 Billion	-0.83%	4.35x	$742.84 Million
Huagong Tech Co Ltd (000988)	$5.80 Billion	4.89%	0.51x	$26.12 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.62 Billion	6.74%	1.87x	$1.44 Billion
Sieyuan Electric Co Ltd (002028)	$3.00 Billion	31.66%	0.29x	$21.78 Billion
Shanghai Welltech Automation Co Ltd (002058)	$180.55 Million	-0.36%	0.21x	$468.31 Million
Gotion High tech Co Ltd (002074)	$363.89 Million	9.00%	0.79x	$7.89 Billion

About Ningbo Orient Wires and Cables Co Ltd

SHG:603606 China Electrical Equipment & Parts

Market Cap

$4.02 Billion

CN¥27.46 Billion CNY

Market Cap Rank

#4184 Global

#689 in China

Share Price

CN¥39.93

Change (1 day)

-2.30%

52-Week Range

CN¥37.59 - CN¥72.49

All Time High

CN¥86.37