Zhejiang Noblelift Equip
Noblelift Intelligent Equipment Co.,Ltd. engages in the intelligent manufacturing equipment and smart logistics system businesses in China and internationally. The company offers automated three-dimensional warehousing, automated conveying and sorting, unmanned handling robots and, and automated logistics software systems, as well as logistics system integration solutions, enabling customers to a… Read more
Zhejiang Noblelift Equip (603611) - Net Assets
Latest net assets as of September 2025: CN¥3.17 Billion CNY
Based on the latest financial reports, Zhejiang Noblelift Equip (603611) has net assets worth CN¥3.17 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¥9.51 Billion) and total liabilities (CN¥6.33 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¥3.17 Billion |
| % of Total Assets | 33.39% |
| Annual Growth Rate | 19.62% |
| 5-Year Change | 55.91% |
| 10-Year Change | 241.39% |
| Growth Volatility | 21.27 |
Zhejiang Noblelift Equip - Net Assets Trend (2011–2024)
This chart illustrates how Zhejiang Noblelift Equip's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Noblelift Equip (2011–2024)
The table below shows the annual net assets of Zhejiang Noblelift Equip from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.98 Billion | +10.68% |
| 2023-12-31 | CN¥2.69 Billion | +13.53% |
| 2022-12-31 | CN¥2.37 Billion | +12.73% |
| 2021-12-31 | CN¥2.10 Billion | +10.07% |
| 2020-12-31 | CN¥1.91 Billion | +17.64% |
| 2019-12-31 | CN¥1.62 Billion | -8.06% |
| 2018-12-31 | CN¥1.77 Billion | +8.84% |
| 2017-12-31 | CN¥1.62 Billion | +22.93% |
| 2016-12-31 | CN¥1.32 Billion | +51.31% |
| 2015-12-31 | CN¥871.99 Million | +80.38% |
| 2014-12-31 | CN¥483.41 Million | +13.38% |
| 2013-12-31 | CN¥426.36 Million | +18.23% |
| 2012-12-31 | CN¥360.61 Million | +24.47% |
| 2011-12-31 | CN¥289.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Noblelift Equip'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 1007.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.05 Billion | 69.58% |
| Common Stock | CN¥257.60 Million | 8.76% |
| Other Comprehensive Income | CN¥118.46 Million | 4.03% |
| Other Components | CN¥518.24 Million | 17.63% |
| Total Equity | CN¥2.94 Billion | 100.00% |
Zhejiang Noblelift Equip Competitors by Market Cap
The table below lists competitors of Zhejiang Noblelift Equip ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Silex Systems Limited
OTCQX:SILXF
|
$457.36 Million |
|
FERRETTI S.P.A. O.N.
F:F3T1
|
$457.57 Million |
|
Thangamayil Jewellery Limited
NSE:THANGAMAYL
|
$457.79 Million |
|
Xian Peri Power Semiconductor Cond
SHE:300831
|
$457.81 Million |
|
BALLYS CORP. DL-01
F:358
|
$457.25 Million |
|
Zhejiang Ausun Pharmaceutical Co Ltd
SHG:603229
|
$457.13 Million |
|
Apacer Technology Inc
TW:8271
|
$456.97 Million |
|
SEPLF
PINK:SEPLF
|
$456.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Noblelift Equip's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,665,869,873 to 2,939,498,046, a change of 273,628,173 (10.3%).
- Net income of 461,907,440 contributed positively to equity growth.
- Dividend payments of 201,233,565 reduced retained earnings.
- Other comprehensive income increased equity by 114,764,558.
- Other factors decreased equity by 101,810,260.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥461.91 Million | +15.71% |
| Dividends Paid | CN¥201.23 Million | -6.85% |
| Other Comprehensive Income | CN¥114.76 Million | +3.9% |
| Other Changes | CN¥-101.81 Million | -3.46% |
| Total Change | CN¥- | 10.26% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Noblelift Equip'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: 2.08x
- 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 13.51x to 2.08x 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¥1.76 | CN¥23.73 | x |
| 2012-12-31 | CN¥2.14 | CN¥23.73 | x |
| 2013-12-31 | CN¥2.51 | CN¥23.73 | x |
| 2014-12-31 | CN¥2.87 | CN¥23.73 | x |
| 2015-12-31 | CN¥3.92 | CN¥23.73 | x |
| 2016-12-31 | CN¥5.81 | CN¥23.73 | x |
| 2017-12-31 | CN¥6.08 | CN¥23.73 | x |
| 2018-12-31 | CN¥6.49 | CN¥23.73 | x |
| 2019-12-31 | CN¥6.17 | CN¥23.73 | x |
| 2020-12-31 | CN¥7.25 | CN¥23.73 | x |
| 2021-12-31 | CN¥8.01 | CN¥23.73 | x |
| 2022-12-31 | CN¥9.11 | CN¥23.73 | x |
| 2023-12-31 | CN¥10.37 | CN¥23.73 | x |
| 2024-12-31 | CN¥11.41 | CN¥23.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Noblelift Equip 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): 15.71%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.62%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 3.00x
- Recent ROE (15.71%) is below the historical average (15.77%), 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 | 26.02% | 5.75% | 1.57x | 2.88x | CN¥46.18 Million |
| 2012 | 20.05% | 5.95% | 1.57x | 2.15x | CN¥36.09 Million |
| 2013 | 20.31% | 7.67% | 1.22x | 2.18x | CN¥43.64 Million |
| 2014 | 17.18% | 6.83% | 1.32x | 1.91x | CN¥34.43 Million |
| 2015 | 12.40% | 9.33% | 0.87x | 1.52x | CN¥20.78 Million |
| 2016 | 11.19% | 11.06% | 0.53x | 1.91x | CN¥15.37 Million |
| 2017 | 10.03% | 7.53% | 0.72x | 1.86x | CN¥522.84K |
| 2018 | 10.93% | 7.38% | 0.72x | 2.05x | CN¥16.10 Million |
| 2019 | 15.08% | 7.85% | 0.61x | 3.15x | CN¥81.61 Million |
| 2020 | 12.98% | 5.95% | 0.72x | 3.03x | CN¥55.61 Million |
| 2021 | 14.55% | 5.10% | 0.77x | 3.70x | CN¥93.83 Million |
| 2022 | 17.13% | 6.00% | 0.74x | 3.84x | CN¥167.42 Million |
| 2023 | 17.17% | 6.57% | 0.77x | 3.41x | CN¥191.16 Million |
| 2024 | 15.71% | 6.62% | 0.79x | 3.00x | CN¥167.96 Million |
Industry Comparison
This section compares Zhejiang Noblelift Equip's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $4,713,679,816
- Average return on equity (ROE) among peers: 9.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Noblelift Equip (603611) | CN¥3.17 Billion | 26.02% | 2.00x | $457.30 Million |
| XCMG Construction Machinery Co Ltd (000425) | $20.48 Billion | 1.02% | 1.15x | $11.30 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $737.85 Million | 2.72% | 0.71x | $1.96 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $4.51 Billion | 1.03% | 1.49x | $1.25 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $2.54 Billion | -0.35% | 0.35x | $528.05 Million |
| Sinotruk Jinan Truck Co Ltd (000951) | $14.59 Billion | 1.46% | 1.36x | $1.65 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $474.72 Million | 1.13% | 1.63x | $610.98 Million |
| Anhui Tuoshan Heavy Industry Co. Ltd. (001226) | $252.67 Million | 34.83% | 1.21x | $123.77 Million |
| Nanchang Mineral Systems Co. Ltd. A (001360) | $569.40 Million | 21.21% | 1.34x | $202.86 Million |
| Sunward Intelligent Equipment Co Ltd (002097) | $163.46 Million | 23.10% | 1.31x | $970.29 Million |
| Weihai Guangtai Airport Equipment Co Ltd (002111) | $2.82 Billion | 8.32% | 0.62x | $383.43 Million |