Ningbo Water Meter Co Ltd (603700) - Net Assets
Based on the latest financial reports, Ningbo Water Meter Co Ltd (603700) has net assets worth CN¥1.63 Billion CNY (≈ $238.24 Million 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¥2.40 Billion ≈ $350.53 Million USD) and total liabilities (CN¥767.33 Million ≈ $112.29 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 603700 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.63 Billion |
| % of Total Assets | 67.97% |
| Annual Growth Rate | 23.85% |
| 5-Year Change | 10.37% |
| 10-Year Change | 462.84% |
| Growth Volatility | 38.95 |
Ningbo Water Meter Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Ningbo Water Meter Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Ningbo Water Meter Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Water Meter Co Ltd (2013–2024)
The table below shows the annual net assets of Ningbo Water Meter Co Ltd from 2013 to 2024. For live valuation and market cap data, see how much is Ningbo Water Meter Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.60 Billion ≈ $234.85 Million |
-0.26% |
| 2023-12-31 | CN¥1.61 Billion ≈ $235.47 Million |
+5.00% |
| 2022-12-31 | CN¥1.53 Billion ≈ $224.26 Million |
-4.00% |
| 2021-12-31 | CN¥1.60 Billion ≈ $233.59 Million |
+9.78% |
| 2020-12-31 | CN¥1.45 Billion ≈ $212.77 Million |
+16.70% |
| 2019-12-31 | CN¥1.25 Billion ≈ $182.33 Million |
+142.93% |
| 2018-12-31 | CN¥512.91 Million ≈ $75.05 Million |
+21.93% |
| 2017-12-31 | CN¥420.65 Million ≈ $61.55 Million |
+13.39% |
| 2016-12-31 | CN¥370.98 Million ≈ $54.29 Million |
+30.10% |
| 2015-12-31 | CN¥285.14 Million ≈ $41.73 Million |
+48.25% |
| 2014-12-31 | CN¥192.34 Million ≈ $28.14 Million |
+26.07% |
| 2013-12-31 | CN¥152.56 Million ≈ $22.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Water Meter 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 1002.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥821.56 Million | 51.16% |
| Common Stock | CN¥203.24 Million | 12.66% |
| Other Comprehensive Income | CN¥139.04 Million | 8.66% |
| Other Components | CN¥442.12 Million | 27.53% |
| Total Equity | CN¥1.61 Billion | 100.00% |
Ningbo Water Meter Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Water Meter Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Candel Therapeutics Inc
NASDAQ:CADL
|
$375.76 Million |
|
Jiangsu Sainty Corp Ltd
SHG:600287
|
$375.83 Million |
|
First Bank
NASDAQ:FRBA
|
$375.97 Million |
|
DAKOTA GOLD CORP. DL-001
F:RR6
|
$376.03 Million |
|
Vigil Neuroscience Inc
NASDAQ:VIGL
|
$375.71 Million |
|
E. W. Scripps Co Class A
NASDAQ:SSP
|
$375.69 Million |
|
Altshuler Shaham Financial LTD
TA:ALTF
|
$375.64 Million |
|
Enity
ST:ENITY
|
$375.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Water Meter Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,610,025,256 to 1,605,962,485, a change of -4,062,771 (-0.3%).
- Net income of 52,417,452 contributed positively to equity growth.
- Dividend payments of 61,319,529 reduced retained earnings.
- Share repurchases of 25,523,380 reduced equity.
- Other comprehensive income increased equity by 4,803,419.
- Other factors increased equity by 25,559,267.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥52.42 Million | +3.26% |
| Dividends Paid | CN¥61.32 Million | -3.82% |
| Share Repurchases | CN¥25.52 Million | -1.59% |
| Other Comprehensive Income | CN¥4.80 Million | +0.3% |
| Other Changes | CN¥25.56 Million | +1.59% |
| Total Change | CN¥- | -0.25% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Water Meter 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: 1.60x
- 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 5.36x to 1.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥2.39 | CN¥12.84 | x |
| 2014-12-31 | CN¥3.06 | CN¥12.84 | x |
| 2015-12-31 | CN¥1.86 | CN¥12.84 | x |
| 2016-12-31 | CN¥2.44 | CN¥12.84 | x |
| 2017-12-31 | CN¥2.76 | CN¥12.84 | x |
| 2018-12-31 | CN¥3.35 | CN¥12.84 | x |
| 2019-12-31 | CN¥6.12 | CN¥12.84 | x |
| 2020-12-31 | CN¥7.17 | CN¥12.84 | x |
| 2021-12-31 | CN¥7.89 | CN¥12.84 | x |
| 2022-12-31 | CN¥7.65 | CN¥12.84 | x |
| 2023-12-31 | CN¥8.10 | CN¥12.84 | x |
| 2024-12-31 | CN¥8.04 | CN¥12.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Water Meter 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): 3.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.49%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.42x
- Recent ROE (3.26%) is below the historical average (22.66%), 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 | 30.84% | 6.60% | 1.62x | 2.88x | CN¥30.47 Million |
| 2014 | 46.01% | 10.75% | 1.79x | 2.38x | CN¥67.20 Million |
| 2015 | 33.53% | 12.94% | 1.52x | 1.71x | CN¥66.73 Million |
| 2016 | 35.37% | 15.82% | 1.34x | 1.67x | CN¥93.78 Million |
| 2017 | 29.00% | 14.91% | 1.18x | 1.65x | CN¥79.51 Million |
| 2018 | 26.86% | 13.33% | 1.25x | 1.61x | CN¥86.12 Million |
| 2019 | 17.06% | 15.48% | 0.81x | 1.37x | CN¥87.88 Million |
| 2020 | 18.80% | 17.17% | 0.77x | 1.42x | CN¥127.83 Million |
| 2021 | 14.74% | 13.71% | 0.77x | 1.39x | CN¥75.74 Million |
| 2022 | 8.24% | 8.13% | 0.66x | 1.53x | CN¥-26.94 Million |
| 2023 | 8.15% | 7.34% | 0.79x | 1.41x | CN¥-29.74 Million |
| 2024 | 3.26% | 3.49% | 0.66x | 1.42x | CN¥-108.18 Million |
Industry Comparison
This section compares Ningbo Water Meter 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: $2,542,980,118
- Average return on equity (ROE) among peers: 6.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Water Meter Co Ltd (603700) | CN¥1.63 Billion | 30.84% | 0.47x | $375.71 Million |
| XJ Electric Co Ltd (000400) | $1.49 Billion | 11.47% | 0.73x | $3.86 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $1.35 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.84 Billion | 10.28% | 0.11x | $1.03 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.27 Billion | 0.84% | 0.19x | $2.58 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.05 Billion | -0.83% | 4.35x | $864.19 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $18.42 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.82 Billion |
| Sieyuan Electric Co Ltd (002028) | $8.60 Billion | 13.93% | 0.62x | $23.55 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.70 Million | 4.41% | 0.38x | $525.19 Million |
| Gotion High tech Co Ltd (002074) | $497.13 Million | 7.34% | 0.88x | $10.24 Billion |
About Ningbo Water Meter Co Ltd
Ningbo Water Meter (Group) Co.,Ltd. manufactures and sells water meters in China and internationally. The company offers multi and single-jet, volumetric rotary piston, woltmann, irrigation, compound, batch control, and ultrasonic water meters; heat meter, electromagnetic flowmeter, and oscillating meter; and test bench products and water meter boxes, as well as spare parts for water meters. It a… Read more