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¥5.41 Billion CNY (≈ $792.29 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¥22.22 Billion ≈ $3.25 Billion USD) and total liabilities (CN¥16.81 Billion ≈ $2.46 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 Ningbo Jifeng Auto Parts Co liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.41 Billion |
| % of Total Assets | 24.37% |
| Annual Growth Rate | 20.83% |
| 5-Year Change | 7.4% |
| 10-Year Change | 267.01% |
| Growth Volatility | 43.23 |
Ningbo Jifeng Auto Parts Co - Net Assets Trend (2011–2024)
This chart illustrates how Ningbo Jifeng Auto Parts Co's net assets have evolved over time, based on quarterly financial data. Also explore 603997 asset base for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Jifeng Auto Parts Co (2011–2024)
The table below shows the annual net assets of Ningbo Jifeng Auto Parts Co from 2011 to 2024. For live valuation and market cap data, see how much is Ningbo Jifeng Auto Parts Co worth.
| Year | Net Assets | Change |
|---|---|---|
| 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 5496.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.27 Billion | 27.24% |
| Other Comprehensive Income | CN¥134.72 Million | 2.90% |
| Other Components | CN¥4.77 Billion | 102.68% |
| Total Equity | CN¥4.65 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 |
|---|---|
|
TAV Havalimanlari Holding
IS:TAVHL
|
$2.27 Billion |
|
Grupo Bafar S.A.B. de C.V
MX:BAFARB
|
$2.27 Billion |
|
Sunway Construction Group Bhd
KLSE:5263
|
$2.27 Billion |
|
China Meheco Co Ltd
SHG:600056
|
$2.27 Billion |
|
Suzhou Crystal Clear Chemical Co Ltd
SHE:300655
|
$2.26 Billion |
|
Seojin System Co.Ltd
KQ:178320
|
$2.26 Billion |
|
PUMA SE UNSP.ADR 1/10
F:PUMA
|
$2.26 Billion |
|
Artois Nom.
PA:ARTO
|
$2.26 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 2023 to 2024, total equity changed from 4,101,237,010 to 4,647,988,523, a change of 546,751,513 (13.3%).
- Net loss of 566,800,736 reduced equity.
- Dividend payments of 367,722,397 reduced retained earnings.
- Other comprehensive income increased equity by 160,136,492.
- Other factors increased equity by 1,321,138,154.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-566.80 Million | -12.19% |
| Dividends Paid | CN¥367.72 Million | -7.91% |
| Other Comprehensive Income | CN¥160.14 Million | +3.45% |
| Other Changes | CN¥1.32 Billion | +28.42% |
| Total Change | CN¥- | 13.33% |
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: 3.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 15.88x to 3.23x 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¥12.17 | x |
| 2012-12-31 | CN¥0.91 | CN¥12.17 | x |
| 2013-12-31 | CN¥1.26 | CN¥12.17 | x |
| 2014-12-31 | CN¥1.45 | CN¥12.17 | x |
| 2015-12-31 | CN¥2.22 | CN¥12.17 | x |
| 2016-12-31 | CN¥2.45 | CN¥12.17 | x |
| 2017-12-31 | CN¥2.71 | CN¥12.17 | x |
| 2018-12-31 | CN¥1.70 | CN¥12.17 | x |
| 2019-12-31 | CN¥4.45 | CN¥12.17 | x |
| 2020-12-31 | CN¥4.20 | CN¥12.17 | x |
| 2021-12-31 | CN¥4.41 | CN¥12.17 | x |
| 2022-12-31 | CN¥3.11 | CN¥12.17 | x |
| 2023-12-31 | CN¥3.62 | CN¥12.17 | x |
| 2024-12-31 | CN¥3.77 | CN¥12.17 | 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): -12.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -2.55%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 4.36x
- Recent ROE (-12.19%) is below the historical average (8.97%), 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 |
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: $2,118,573,594
- Average return on equity (ROE) among peers: 8.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Jifeng Auto Parts Co (603997) | CN¥5.41 Billion | 33.06% | 3.10x | $2.27 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $8.51 Billion | 9.89% | 0.75x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $5.34 Billion | 22.56% | 0.48x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.00 Billion | 2.41% | 2.13x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $294.61 Million | 13.77% | 0.22x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $45.14 Million | 0.00% | 2.64x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.26 Billion | -4.75% | 1.19x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $891.72 Million | 4.95% | 2.78x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $-736.34 Million | 0.00% | 0.00x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $456.79 Million | 21.42% | 0.41x | $3.35 Billion |
About Ningbo Jifeng Auto Parts Co
Ningbo Jifeng Auto Parts Co., Ltd. manufactures automotive interior parts in China and internationally. It offers seating headrests, armrests, console systems, operation systems, and thermoplastic solutions for passenger vehicles; and truck seats, off-road vehicle seating components, train and public bus seating, etc. for commercial vehicles. The company was founded in 1996 and is based in Ningbo… Read more