Ningbo Orient Wires and Cables Co Ltd (603606) - Net Assets
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. Also explore 603606 current and non-current assets for the complete picture of this company's asset 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. Check 603606 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
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 stock valuation.
| 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 |
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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 |
|---|---|
|
Castech Inc
SHE:002222
|
$4.01 Billion |
|
JUST EAT TAKEAW. SP.ADR
F:T5WA
|
$4.01 Billion |
|
Jiangxi Zhengbang Technology Co Ltd
SHE:002157
|
$4.01 Billion |
|
RAMSAY HLTH.CARE ADR/025
F:RMY0
|
$4.01 Billion |
|
Americold Realty Trust
NYSE:COLD
|
$4.00 Billion |
|
HOSHIZAKIL UNSP.ADR/025
F:HS00
|
$4.00 Billion |
|
Springer Nature AG & Co KGaA
F:SPG
|
$4.00 Billion |
|
AT & S Austria Technologie & Systemtechnik Aktiengesellschaft
VI:ATS
|
$3.99 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: 3.29x
- 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 39.92x to 3.29x 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¥39.79 | x |
| 2012-12-31 | CN¥1.18 | CN¥39.79 | x |
| 2013-12-31 | CN¥1.23 | CN¥39.79 | x |
| 2014-12-31 | CN¥1.69 | CN¥39.79 | x |
| 2015-12-31 | CN¥1.46 | CN¥39.79 | x |
| 2016-12-31 | CN¥1.59 | CN¥39.79 | x |
| 2017-12-31 | CN¥2.91 | CN¥39.79 | x |
| 2018-12-31 | CN¥2.62 | CN¥39.79 | x |
| 2019-12-31 | CN¥3.27 | CN¥39.79 | x |
| 2020-12-31 | CN¥4.72 | CN¥39.79 | x |
| 2021-12-31 | CN¥7.43 | CN¥39.79 | x |
| 2022-12-31 | CN¥7.99 | CN¥39.79 | x |
| 2023-12-31 | CN¥9.12 | CN¥39.79 | x |
| 2024-12-31 | CN¥9.99 | CN¥39.79 | x |
| 2025-12-31 | CN¥12.08 | CN¥39.79 | 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: $2,149,211,610
- Average return on equity (ROE) among peers: 2.69%
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 | $4.00 Billion |
| XJ Electric Co Ltd (000400) | $9.20 Billion | 7.78% | 0.83x | $3.50 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $663.40 Million | 21.97% | 0.34x | $901.48 Million |
| Dongfang Electronics Co Ltd (000682) | $1.27 Billion | 0.84% | 0.19x | $2.46 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.42 Billion | -38.55% | 5.34x | $656.42 Million |
| Huagong Tech Co Ltd (000988) | $2.72 Billion | 1.94% | 0.54x | $14.78 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $873.58 Million | 10.72% | 0.86x | $1.44 Billion |
| Sieyuan Electric Co Ltd (002028) | $4.11 Billion | 9.29% | 0.51x | $18.43 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $165.38 Million | 6.52% | 0.32x | $355.17 Million |
| Gotion High tech Co Ltd (002074) | $467.84 Million | 5.86% | 0.80x | $7.51 Billion |
About Ningbo Orient Wires and Cables Co Ltd
Ningbo Orient Wires & Cables Co.,Ltd. engages in the research, development, manufacturing, and sale of various submarine and terrestrial cable products in China and internationally. The company offers power engineering and equipment cables for smart power transmission and distribution network, smart buildings and homes, rail transit, equipment power consumption, and green petrochemicals; and subm… Read more