Ningbo Gaofa Automotive Ctrl (603788) - Net Assets
Based on the latest financial reports, Ningbo Gaofa Automotive Ctrl (603788) has net assets worth CN¥2.17 Billion CNY (≈ $317.71 Million 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¥2.63 Billion ≈ $384.85 Million USD) and total liabilities (CN¥458.86 Million ≈ $67.15 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 strategic asset allocation of Ningbo Gaofa Automotive Ctrl to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.17 Billion |
| % of Total Assets | 82.55% |
| Annual Growth Rate | 19.58% |
| 5-Year Change | 10.22% |
| 10-Year Change | 149.44% |
| Growth Volatility | 39.41 |
Ningbo Gaofa Automotive Ctrl - Net Assets Trend (2011–2025)
This chart illustrates how Ningbo Gaofa Automotive Ctrl's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Ningbo Gaofa Automotive Ctrl.
Annual Net Assets for Ningbo Gaofa Automotive Ctrl (2011–2025)
The table below shows the annual net assets of Ningbo Gaofa Automotive Ctrl from 2011 to 2025. Also explore Ningbo Gaofa Automotive Ctrl equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.12 Billion ≈ $310.94 Million |
+2.85% |
| 2024-12-31 | CN¥2.07 Billion ≈ $302.32 Million |
+2.52% |
| 2023-12-31 | CN¥2.02 Billion ≈ $294.89 Million |
+2.59% |
| 2022-12-31 | CN¥1.96 Billion ≈ $287.44 Million |
+1.89% |
| 2021-12-31 | CN¥1.93 Billion ≈ $282.12 Million |
+0.98% |
| 2020-12-31 | CN¥1.91 Billion ≈ $279.38 Million |
+2.99% |
| 2019-12-31 | CN¥1.85 Billion ≈ $271.26 Million |
-4.26% |
| 2018-12-31 | CN¥1.94 Billion ≈ $283.33 Million |
+3.47% |
| 2017-12-31 | CN¥1.87 Billion ≈ $273.82 Million |
+119.66% |
| 2016-12-31 | CN¥851.89 Million ≈ $124.66 Million |
+16.56% |
| 2015-12-31 | CN¥730.86 Million ≈ $106.95 Million |
+116.14% |
| 2014-12-31 | CN¥338.14 Million ≈ $49.48 Million |
+24.80% |
| 2013-12-31 | CN¥270.95 Million ≈ $39.65 Million |
+25.65% |
| 2012-12-31 | CN¥215.63 Million ≈ $31.55 Million |
+24.02% |
| 2011-12-31 | CN¥173.86 Million ≈ $25.44 Million |
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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 1298.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥594.72 Million | 27.96% |
| Other Components | CN¥1.53 Billion | 72.04% |
| Total Equity | CN¥2.13 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 |
|---|---|
|
Shenzhen Genvict Technologies Co Ltd
SHE:002869
|
$450.46 Million |
|
Blockchain Group SA
PA:ALTBG
|
$450.46 Million |
|
Bannari Amman Sugars Limited
NSE:BANARISUG
|
$450.61 Million |
|
Sterling and Wilson Renewable Energy Limited
NSE:SWSOLAR
|
$450.63 Million |
|
BOE Tech Group
SHE:200725
|
$450.21 Million |
|
Guangdong Tecsun Science & Technology Co Ltd
SHE:002908
|
$450.13 Million |
|
Citi Trends Inc
NASDAQ:CTRN
|
$450.06 Million |
|
Chun Yuan Steel Industry Co Ltd
TW:2010
|
$449.92 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 2024 to 2025, total equity changed from 2,066,970,652 to 2,126,857,235, a change of 59,886,583 (2.9%).
- Net income of 216,192,345 contributed positively to equity growth.
- Dividend payments of 156,145,548 reduced retained earnings.
- Other comprehensive income decreased equity by 217,543,519.
- Other factors increased equity by 217,383,305.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥216.19 Million | +10.16% |
| Dividends Paid | CN¥156.15 Million | -7.34% |
| Other Comprehensive Income | CN¥-217.54 Million | -10.23% |
| Other Changes | CN¥217.38 Million | +10.22% |
| Total Change | CN¥- | 2.90% |
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: 1.45x
- 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 11.41x to 1.45x 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¥13.80 | x |
| 2012-12-31 | CN¥1.50 | CN¥13.80 | x |
| 2013-12-31 | CN¥1.90 | CN¥13.80 | x |
| 2014-12-31 | CN¥2.34 | CN¥13.80 | x |
| 2015-12-31 | CN¥3.86 | CN¥13.80 | x |
| 2016-12-31 | CN¥4.22 | CN¥13.80 | x |
| 2017-12-31 | CN¥8.95 | CN¥13.80 | x |
| 2018-12-31 | CN¥8.29 | CN¥13.80 | x |
| 2019-12-31 | CN¥8.15 | CN¥13.80 | x |
| 2020-12-31 | CN¥8.56 | CN¥13.80 | x |
| 2021-12-31 | CN¥8.64 | CN¥13.80 | x |
| 2022-12-31 | CN¥8.89 | CN¥13.80 | x |
| 2023-12-31 | CN¥9.05 | CN¥13.80 | x |
| 2024-12-31 | CN¥9.22 | CN¥13.80 | x |
| 2025-12-31 | CN¥9.53 | CN¥13.80 | 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): 10.16%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.67%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.27x
- Recent ROE (10.16%) is below the historical average (15.24%), 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 | 9.64% | 18.93% | 0.43x | 1.17x | CN¥-6.62 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 |
| 2025 | 10.16% | 13.67% | 0.58x | 1.27x | CN¥3.51 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: $1,011,911,257
- Average return on equity (ROE) among peers: 18.08%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Gaofa Automotive Ctrl (603788) | CN¥2.17 Billion | 27.17% | 0.21x | $450.45 Million |
| FAWER Automotive Parts Ltd Co (000030) | $-1.47 Billion | 0.00% | 0.00x | $966.43 Million |
| Wanxiang Qianchao Co Ltd (000559) | $819.25 Million | 10.93% | 0.51x | $5.55 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.34 Billion | 9.69% | 0.79x | $2.09 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $56.90 Million | 35.22% | 2.35x | $964.56 Million |
| Qingdao Doublestar Co Ltd (000599) | $105.03 Million | 34.88% | 1.05x | $1.62 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $44.67 Million | 0.00% | 2.33x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.10 Billion | 0.29% | 0.96x | $597.90 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.63 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $57.44 Million | 64.21% | 9.32x | $344.55 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $6.63 Billion | 13.60% | 0.79x | $3.83 Billion |
About 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