Ningbo Peace Bird Fashion (603877) - Net Assets

Latest as of September 2025: CN¥4.28 Billion CNY ≈ $626.12 Million USD

Based on the latest financial reports, Ningbo Peace Bird Fashion (603877) has net assets worth CN¥4.28 Billion CNY (≈ $626.12 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¥7.57 Billion ≈ $1.11 Billion USD) and total liabilities (CN¥3.29 Billion ≈ $481.42 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 how tangible is Ningbo Peace Bird Fashion's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.28 Billion
% of Total Assets	56.53%
Annual Growth Rate	13.59%
5-Year Change	15.69%
10-Year Change	154.66%
Growth Volatility	18.64

Ningbo Peace Bird Fashion - Net Assets Trend (2011–2024)

This chart illustrates how Ningbo Peace Bird Fashion's net assets have evolved over time, based on quarterly financial data. See Ningbo Peace Bird Fashion defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Ningbo Peace Bird Fashion (2011–2024)

The table below shows the annual net assets of Ningbo Peace Bird Fashion from 2011 to 2024. For live valuation and market cap data, see 603877 company net worth.

Year	Net Assets	Change
2024-12-31	CN¥4.51 Billion ≈ $660.28 Million	-0.39%
2023-12-31	CN¥4.53 Billion ≈ $662.89 Million	+9.07%
2022-12-31	CN¥4.15 Billion ≈ $607.75 Million	-2.74%
2021-12-31	CN¥4.27 Billion ≈ $624.85 Million	+9.48%
2020-12-31	CN¥3.90 Billion ≈ $570.75 Million	+10.94%
2019-12-31	CN¥3.52 Billion ≈ $514.46 Million	-0.34%
2018-12-31	CN¥3.53 Billion ≈ $516.20 Million	+6.41%
2017-12-31	CN¥3.32 Billion ≈ $485.10 Million	+67.16%
2016-12-31	CN¥1.98 Billion ≈ $290.20 Million	+11.93%
2015-12-31	CN¥1.77 Billion ≈ $259.28 Million	+25.03%
2014-12-31	CN¥1.42 Billion ≈ $207.38 Million	+37.76%
2013-12-31	CN¥1.03 Billion ≈ $150.54 Million	+19.02%
2012-12-31	CN¥864.33 Million ≈ $126.48 Million	+0.47%
2011-12-31	CN¥860.30 Million ≈ $125.89 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Ningbo Peace Bird Fashion'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 1442.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥2.43 Billion	54.02%
Common Stock	CN¥473.83 Million	10.52%
Other Components	CN¥1.60 Billion	35.46%
Total Equity	CN¥4.50 Billion	100.00%

Ningbo Peace Bird Fashion Competitors by Market Cap

The table below lists competitors of Ningbo Peace Bird Fashion ranked by their market capitalization.

Company	Market Cap
Gubra A/S CO:GUBRA	$893.38 Million
DoubleU Games Co Ltd KO:192080	$893.70 Million
Metals X Ltd AU:MLX	$893.73 Million
GrocerIQ, Inc NYSE:WPFHD	$894.41 Million
Changzhou Architectural Research Institute Group Co. Ltd. A SHE:301115	$893.21 Million
Hunan Warrant Pharmaceutical Co. Ltd. A SHG:688799	$893.17 Million
Zhongtong Bus Holding Co Ltd SHE:000957	$892.77 Million
Nanjing Red Sun Co Ltd SHE:000525	$892.73 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ningbo Peace Bird Fashion's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 4,520,870,266 to 4,504,931,966, a change of -15,938,300 (-0.4%).
Net income of 258,455,329 contributed positively to equity growth.
Dividend payments of 290,280,691 reduced retained earnings.
Share repurchases of 173,250 reduced equity.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥258.46 Million	+5.74%
Dividends Paid	CN¥290.28 Million	-6.44%
Share Repurchases	CN¥173.25K	-0.0%
Other Changes	CN¥16.06 Million	+0.36%
Total Change	CN¥-	-0.35%

Book Value vs Market Value Analysis

This analysis compares Ningbo Peace Bird Fashion'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: 1.35x
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 7.18x to 1.35x 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¥1.80	CN¥12.96	x
2012-12-31	CN¥2.07	CN¥12.96	x
2013-12-31	CN¥2.47	CN¥12.96	x
2014-12-31	CN¥3.38	CN¥12.96	x
2015-12-31	CN¥4.25	CN¥12.96	x
2016-12-31	CN¥4.76	CN¥12.96	x
2017-12-31	CN¥7.05	CN¥12.96	x
2018-12-31	CN¥7.43	CN¥12.96	x
2019-12-31	CN¥7.46	CN¥12.96	x
2020-12-31	CN¥8.27	CN¥12.96	x
2021-12-31	CN¥9.06	CN¥12.96	x
2022-12-31	CN¥8.82	CN¥12.96	x
2023-12-31	CN¥9.54	CN¥12.96	x
2024-12-31	CN¥9.60	CN¥12.96	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ningbo Peace Bird Fashion 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): 5.74%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.80%
• Asset Turnover: 0.81x
• Equity Multiplier: 1.87x
Recent ROE (5.74%) is below the historical average (16.02%), 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	10.70%	5.17%	1.07x	1.93x	CN¥6.01 Million
2012	11.61%	3.91%	1.27x	2.34x	CN¥13.89 Million
2013	20.68%	5.56%	1.37x	2.72x	CN¥109.98 Million
2014	30.74%	8.74%	1.46x	2.41x	CN¥294.77 Million
2015	30.12%	9.08%	1.44x	2.31x	CN¥357.99 Million
2016	21.41%	6.76%	1.34x	2.37x	CN¥227.87 Million
2017	13.48%	6.26%	1.16x	1.86x	CN¥115.74 Million
2018	16.15%	7.41%	1.16x	1.88x	CN¥217.63 Million
2019	15.69%	6.96%	1.13x	2.00x	CN¥200.10 Million
2020	18.29%	7.59%	1.10x	2.19x	CN¥323.07 Million
2021	15.87%	6.20%	1.07x	2.39x	CN¥250.49 Million
2022	4.49%	2.16%	1.01x	2.06x	CN¥-228.45 Million
2023	9.33%	5.41%	0.96x	1.79x	CN¥-30.14 Million
2024	5.74%	3.80%	0.81x	1.87x	CN¥-192.04 Million

Industry Comparison

This section compares Ningbo Peace Bird Fashion's net assets metrics with peer companies in the Apparel Retail industry.

No peer company data available for comparison.

About Ningbo Peace Bird Fashion

SHG:603877 China Apparel Retail

Market Cap

$893.37 Million

CN¥6.11 Billion CNY

Market Cap Rank

#9590 Global

#2531 in China

Share Price

CN¥12.96

Change (1 day)

-2.26%

52-Week Range

CN¥12.42 - CN¥18.01

All Time High

CN¥57.54