Ningbo Gaofa Automotive Ctrl
Ningbo Gaofa Automotive Control System Co., Ltd. designs, develops, manufactures, and sells automotive control products for the automotive industry in China. It offers electronic changers and actuators, AT/CVT/DCT/AMT shifters, electronic accelerator pedals/brake pedals, cable and variable speed control flexible shafts, variable speed control mechanisms, vehicle-level electrical compressors for a… Read more
Ningbo Gaofa Automotive Ctrl (603788) - Net Assets
Latest net assets as of September 2025: CN¥2.06 Billion CNY
Based on the latest financial reports, Ningbo Gaofa Automotive Ctrl (603788) has net assets worth CN¥2.06 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¥2.63 Billion) and total liabilities (CN¥566.99 Million). 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¥2.06 Billion |
| % of Total Assets | 78.45% |
| Annual Growth Rate | 20.97% |
| 5-Year Change | 8.21% |
| 10-Year Change | 182.68% |
| Growth Volatility | 40.43 |
Ningbo Gaofa Automotive Ctrl - Net Assets Trend (2011–2024)
This chart illustrates how Ningbo Gaofa Automotive Ctrl'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 Gaofa Automotive Ctrl (2011–2024)
The table below shows the annual net assets of Ningbo Gaofa Automotive Ctrl from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.07 Billion | +2.52% |
| 2023-12-31 | CN¥2.02 Billion | +2.59% |
| 2022-12-31 | CN¥1.96 Billion | +1.89% |
| 2021-12-31 | CN¥1.93 Billion | +0.98% |
| 2020-12-31 | CN¥1.91 Billion | +2.99% |
| 2019-12-31 | CN¥1.85 Billion | -4.26% |
| 2018-12-31 | CN¥1.94 Billion | +3.47% |
| 2017-12-31 | CN¥1.87 Billion | +119.66% |
| 2016-12-31 | CN¥851.89 Million | +16.56% |
| 2015-12-31 | CN¥730.86 Million | +116.14% |
| 2014-12-31 | CN¥338.14 Million | +24.80% |
| 2013-12-31 | CN¥270.95 Million | +25.65% |
| 2012-12-31 | CN¥215.63 Million | +24.02% |
| 2011-12-31 | CN¥173.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ningbo Gaofa Automotive Ctrl'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 1210.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥556.95 Million | 26.95% |
| Common Stock | CN¥223.07 Million | 10.79% |
| Other Comprehensive Income | CN¥217.54 Million | 10.52% |
| Other Components | CN¥1.07 Billion | 51.74% |
| Total Equity | CN¥2.07 Billion | 100.00% |
Ningbo Gaofa Automotive Ctrl Competitors by Market Cap
The table below lists competitors of Ningbo Gaofa Automotive Ctrl ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
SONIDA SENIOR LIV. DL-01
F:13C0
|
$237.68 Million |
|
Nanjing Chervon Auto Precision Technology Co Ltd
SHG:603982
|
$237.73 Million |
|
Archimedes Tech SPAC Partners II Co. Unit
NASDAQ:ATIIU
|
$237.73 Million |
|
MARUWA UNYU KIKAN CO.LTD
F:1YM
|
$237.78 Million |
|
FRP ADVISORY GRP LS-001
F:6S6
|
$237.64 Million |
|
JCR Pharmaceuticals Co., Ltd.
F:JCR
|
$237.56 Million |
|
PONSSE EO-25
F:PNS
|
$237.53 Million |
|
Bairong Inc.
PINK:BAIGF
|
$237.44 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Gaofa Automotive Ctrl's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,015,221,165 to 2,066,970,652, a change of 51,749,487 (2.6%).
- Net income of 190,588,527 contributed positively to equity growth.
- Dividend payments of 133,839,041 reduced retained earnings.
- Other comprehensive income increased equity by 217,543,519.
- Other factors decreased equity by 222,543,518.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥190.59 Million | +9.22% |
| Dividends Paid | CN¥133.84 Million | -6.48% |
| Other Comprehensive Income | CN¥217.54 Million | +10.52% |
| Other Changes | CN¥-222.54 Million | -10.77% |
| Total Change | CN¥- | 2.57% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Gaofa Automotive Ctrl'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: 1.74x
- 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 13.25x to 1.74x 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¥1.21 | CN¥16.02 | x |
| 2012-12-31 | CN¥1.50 | CN¥16.02 | x |
| 2013-12-31 | CN¥1.90 | CN¥16.02 | x |
| 2014-12-31 | CN¥2.34 | CN¥16.02 | x |
| 2015-12-31 | CN¥3.86 | CN¥16.02 | x |
| 2016-12-31 | CN¥4.22 | CN¥16.02 | x |
| 2017-12-31 | CN¥8.95 | CN¥16.02 | x |
| 2018-12-31 | CN¥9.67 | CN¥16.02 | x |
| 2019-12-31 | CN¥8.15 | CN¥16.02 | x |
| 2020-12-31 | CN¥8.56 | CN¥16.02 | x |
| 2021-12-31 | CN¥8.64 | CN¥16.02 | x |
| 2022-12-31 | CN¥8.81 | CN¥16.02 | x |
| 2023-12-31 | CN¥9.05 | CN¥16.02 | x |
| 2024-12-31 | CN¥9.22 | CN¥16.02 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Gaofa Automotive Ctrl 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): 9.22%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.05%
- • Asset Turnover: 0.55x
- • Equity Multiplier: 1.29x
- Recent ROE (9.22%) is below the historical average (15.61%), 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 | 27.17% | 17.23% | 1.03x | 1.54x | CN¥29.86 Million |
| 2012 | 25.63% | 17.38% | 0.96x | 1.54x | CN¥33.71 Million |
| 2013 | 29.38% | 17.77% | 0.99x | 1.66x | CN¥52.52 Million |
| 2014 | 28.37% | 16.56% | 1.04x | 1.64x | CN¥62.11 Million |
| 2015 | 15.38% | 16.82% | 0.66x | 1.39x | CN¥39.31 Million |
| 2016 | 18.95% | 18.26% | 0.72x | 1.43x | CN¥74.22 Million |
| 2017 | 12.62% | 19.29% | 0.53x | 1.23x | CN¥48.44 Million |
| 2018 | 11.27% | 16.69% | 0.57x | 1.18x | CN¥24.28 Million |
| 2019 | 9.62% | 18.88% | 0.43x | 1.17x | CN¥-7.09 Million |
| 2020 | 9.39% | 20.12% | 0.39x | 1.18x | CN¥-11.60 Million |
| 2021 | 7.55% | 15.44% | 0.42x | 1.17x | CN¥-47.29 Million |
| 2022 | 5.85% | 11.08% | 0.45x | 1.18x | CN¥-81.50 Million |
| 2023 | 8.07% | 12.87% | 0.50x | 1.25x | CN¥-38.88 Million |
| 2024 | 9.22% | 13.05% | 0.55x | 1.29x | CN¥-16.11 Million |
Industry Comparison
This section compares Ningbo Gaofa Automotive Ctrl's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Gaofa Automotive Ctrl (603788) | CN¥2.06 Billion | 27.17% | 0.27x | $237.64 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |