Ningbo Jifeng Auto Parts Co (603997) - Net Assets
Based on the latest financial reports, Ningbo Jifeng Auto Parts Co (603997) has net assets worth CN¥5.70 Billion CNY (≈ $834.56 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¥23.68 Billion ≈ $3.47 Billion USD) and total liabilities (CN¥17.98 Billion ≈ $2.63 Billion 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 603997 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.70 Billion |
| % of Total Assets | 24.08% |
| Annual Growth Rate | 20.39% |
| 5-Year Change | 12.61% |
| 10-Year Change | 264.42% |
| Growth Volatility | 41.76 |
Ningbo Jifeng Auto Parts Co - Net Assets Trend (2011–2025)
This chart illustrates how Ningbo Jifeng Auto Parts Co's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603997 market cap.
Annual Net Assets for Ningbo Jifeng Auto Parts Co (2011–2025)
The table below shows the annual net assets of Ningbo Jifeng Auto Parts Co from 2011 to 2025. Also explore 603997 year-over-year net asset growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.63 Billion ≈ $823.69 Million |
+14.76% |
| 2024-12-31 | CN¥4.91 Billion ≈ $717.76 Million |
+10.08% |
| 2023-12-31 | CN¥4.46 Billion ≈ $652.02 Million |
+18.03% |
| 2022-12-31 | CN¥3.78 Billion ≈ $552.42 Million |
-24.47% |
| 2021-12-31 | CN¥5.00 Billion ≈ $731.44 Million |
+9.45% |
| 2020-12-31 | CN¥4.57 Billion ≈ $668.31 Million |
-7.16% |
| 2019-12-31 | CN¥4.92 Billion ≈ $719.82 Million |
+157.38% |
| 2018-12-31 | CN¥1.91 Billion ≈ $279.67 Million |
+8.58% |
| 2017-12-31 | CN¥1.76 Billion ≈ $257.58 Million |
+13.96% |
| 2016-12-31 | CN¥1.54 Billion ≈ $226.03 Million |
+15.58% |
| 2015-12-31 | CN¥1.34 Billion ≈ $195.57 Million |
+70.33% |
| 2014-12-31 | CN¥784.65 Million ≈ $114.82 Million |
+15.10% |
| 2013-12-31 | CN¥681.69 Million ≈ $99.75 Million |
+36.42% |
| 2012-12-31 | CN¥499.71 Million ≈ $73.12 Million |
+19.32% |
| 2011-12-31 | CN¥418.81 Million ≈ $61.28 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Jifeng Auto Parts Co'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 decreased by 3948.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥6.44 Billion | 120.31% |
| Total Equity | CN¥5.36 Billion | 100.00% |
Ningbo Jifeng Auto Parts Co Competitors by Market Cap
The table below lists competitors of Ningbo Jifeng Auto Parts Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Saigon Beer Alcohol Beverage Corp
VN:SAB
|
$2.17 Billion |
|
Hytera Communications Corp Ltd
SHE:002583
|
$2.17 Billion |
|
Y.H. Dimri Construction & Development Ltd
TA:DIMRI
|
$2.17 Billion |
|
Micro Tech Nanjing Co Ltd
SHG:688029
|
$2.17 Billion |
|
Jangho Group Co Ltd
SHG:601886
|
$2.17 Billion |
|
SMA Solar Technology AG
F:S92
|
$2.17 Billion |
|
Interparfums SA
PA:ITP
|
$2.17 Billion |
|
First Commonwealth Financial
NYSE:FCF
|
$2.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Jifeng Auto Parts Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,647,988,523 to 5,355,883,687, a change of 707,895,164 (15.2%).
- Net income of 453,589,303 contributed positively to equity growth.
- Dividend payments of 362,432,679 reduced retained earnings.
- Other comprehensive income decreased equity by 134,722,347.
- Other factors increased equity by 751,460,887.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥453.59 Million | +8.47% |
| Dividends Paid | CN¥362.43 Million | -6.77% |
| Other Comprehensive Income | CN¥-134.72 Million | -2.52% |
| Other Changes | CN¥751.46 Million | +14.03% |
| Total Change | CN¥- | 15.23% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Jifeng Auto Parts Co'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: 2.77x
- 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 15.21x to 2.77x 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¥0.77 | CN¥11.66 | x |
| 2012-12-31 | CN¥0.91 | CN¥11.66 | x |
| 2013-12-31 | CN¥1.26 | CN¥11.66 | x |
| 2014-12-31 | CN¥1.45 | CN¥11.66 | x |
| 2015-12-31 | CN¥2.22 | CN¥11.66 | x |
| 2016-12-31 | CN¥2.45 | CN¥11.66 | x |
| 2017-12-31 | CN¥2.71 | CN¥11.66 | x |
| 2018-12-31 | CN¥1.70 | CN¥11.66 | x |
| 2019-12-31 | CN¥4.45 | CN¥11.66 | x |
| 2020-12-31 | CN¥4.20 | CN¥11.66 | x |
| 2021-12-31 | CN¥4.41 | CN¥11.66 | x |
| 2022-12-31 | CN¥3.11 | CN¥11.66 | x |
| 2023-12-31 | CN¥3.62 | CN¥11.66 | x |
| 2024-12-31 | CN¥3.77 | CN¥11.66 | x |
| 2025-12-31 | CN¥4.21 | CN¥11.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Jifeng Auto Parts Co 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): 8.47%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.99%
- • Asset Turnover: 0.97x
- • Equity Multiplier: 4.37x
- Recent ROE (8.47%) is below the historical average (8.93%), 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 | 33.06% | 29.46% | 0.96x | 1.16x | CN¥96.41 Million |
| 2012 | 29.25% | 27.95% | 0.91x | 1.15x | CN¥95.63 Million |
| 2013 | 27.02% | 24.52% | 0.90x | 1.22x | CN¥115.90 Million |
| 2014 | 25.81% | 19.81% | 0.95x | 1.37x | CN¥123.52 Million |
| 2015 | 13.22% | 16.83% | 0.67x | 1.17x | CN¥43.01 Million |
| 2016 | 16.34% | 17.04% | 0.76x | 1.26x | CN¥96.86 Million |
| 2017 | 17.00% | 15.40% | 0.87x | 1.27x | CN¥120.54 Million |
| 2018 | 8.82% | 2.26% | 2.87x | 1.36x | CN¥-22.01 Million |
| 2019 | 6.58% | 1.65% | 1.02x | 3.88x | CN¥-154.88 Million |
| 2020 | -6.05% | -1.64% | 0.91x | 4.06x | CN¥-685.18 Million |
| 2021 | 2.72% | 0.75% | 1.04x | 3.49x | CN¥-338.11 Million |
| 2022 | -41.02% | -7.89% | 1.16x | 4.47x | CN¥-1.76 Billion |
| 2023 | 4.97% | 0.95% | 1.20x | 4.38x | CN¥-206.25 Million |
| 2024 | -12.19% | -2.55% | 1.10x | 4.36x | CN¥-1.03 Billion |
| 2025 | 8.47% | 1.99% | 0.97x | 4.37x | CN¥-82.00 Million |
Industry Comparison
This section compares Ningbo Jifeng Auto Parts Co's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,049,123,028
- Average return on equity (ROE) among peers: 7.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Jifeng Auto Parts Co (603997) | CN¥5.70 Billion | 33.06% | 3.15x | $2.17 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $116.97 Million | 5.53% | 11.30x | $971.32 Million |
| Wanxiang Qianchao Co Ltd (000559) | $1.86 Billion | 8.12% | 0.67x | $5.02 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $16.47 Billion | 14.55% | 0.27x | $2.09 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $643.09 Million | 12.97% | 1.20x | $966.83 Million |
| Qingdao Doublestar Co Ltd (000599) | $105.03 Million | 34.88% | 1.05x | $1.63 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $201.35 Million | -6.58% | 0.62x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $871.28 Million | -4.06% | 1.57x | $579.74 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $1.37 Billion | 13.37% | 1.95x | $1.48 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-1.09 Billion | 0.00% | 0.00x | $323.51 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $-54.85 Million | 0.00% | 0.00x | $3.63 Billion |
About Ningbo Jifeng Auto Parts Co
Ningbo Jifeng Auto Parts Co., Ltd. manufactures and sells automotive interior parts in China and internationally. The company offers passenger car seats, seat headrests, seat armrests, central control systems, hidden electric air vents, interior components, and other products. It also provides truck seats, train and bus seat components, yacht seats, and aviation seat components, as well as off-ro… Read more