Ningbo Changhong Polymer Scientific & Technical Inc (605008) - Net Assets
Based on the latest financial reports, Ningbo Changhong Polymer Scientific & Technical Inc (605008) has net assets worth CN¥2.03 Billion CNY (≈ $296.88 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¥6.33 Billion ≈ $926.34 Million USD) and total liabilities (CN¥4.30 Billion ≈ $629.46 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 605008 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.03 Billion |
| % of Total Assets | 32.05% |
| Annual Growth Rate | 21.12% |
| 5-Year Change | 13.68% |
| 10-Year Change | N/A |
| Growth Volatility | 24.16 |
Ningbo Changhong Polymer Scientific & Technical Inc - Net Assets Trend (2016–2024)
This chart illustrates how Ningbo Changhong Polymer Scientific & Technical Inc's net assets have evolved over time, based on quarterly financial data. Also explore 605008 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Changhong Polymer Scientific & Technical Inc (2016–2024)
The table below shows the annual net assets of Ningbo Changhong Polymer Scientific & Technical Inc from 2016 to 2024. For live valuation and market cap data, see Ningbo Changhong Polymer Scientific & Te stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.99 Billion ≈ $291.56 Million |
-3.15% |
| 2023-12-31 | CN¥2.06 Billion ≈ $301.05 Million |
+2.56% |
| 2022-12-31 | CN¥2.01 Billion ≈ $293.55 Million |
+10.05% |
| 2021-12-31 | CN¥1.82 Billion ≈ $266.75 Million |
+4.01% |
| 2020-12-31 | CN¥1.75 Billion ≈ $256.47 Million |
+74.30% |
| 2019-12-31 | CN¥1.01 Billion ≈ $147.14 Million |
+27.22% |
| 2018-12-31 | CN¥790.38 Million ≈ $115.66 Million |
+29.81% |
| 2017-12-31 | CN¥608.89 Million ≈ $89.10 Million |
+41.51% |
| 2016-12-31 | CN¥430.29 Million ≈ $62.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Changhong Polymer Scientific & Technical Inc'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 6492.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥897.54 Million | 45.04% |
| Common Stock | CN¥645.96 Million | 32.42% |
| Other Comprehensive Income | CN¥112.75 Million | 5.66% |
| Other Components | CN¥336.39 Million | 16.88% |
| Total Equity | CN¥1.99 Billion | 100.00% |
Ningbo Changhong Polymer Scientific & Technical Inc Competitors by Market Cap
The table below lists competitors of Ningbo Changhong Polymer Scientific & Technical Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Malakoff Corporation Bhd
KLSE:5264
|
$1.15 Billion |
|
Vesuvius India Limited
NSE:VESUVIUS
|
$1.15 Billion |
|
Collegium Pharmaceutical Inc
NASDAQ:COLL
|
$1.15 Billion |
|
ROMANDE ENERGIE SA
SW:REHN
|
$1.15 Billion |
|
Maas Group Holdings Ltd
AU:MGH
|
$1.15 Billion |
|
NPK International Inc.
NYSE:NPKI
|
$1.15 Billion |
|
Two Harbors Investments Corp
NYSE:TWO
|
$1.15 Billion |
|
Srisawad Power 1979 PCL
BK:SAWAD
|
$1.15 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Changhong Polymer Scientific & Technical Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,055,249,269 to 1,992,637,462, a change of -62,611,807 (-3.0%).
- Net income of 94,222,904 contributed positively to equity growth.
- Dividend payments of 266,800,890 reduced retained earnings.
- Other comprehensive income increased equity by 3,253,763.
- Other factors increased equity by 106,712,416.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥94.22 Million | +4.73% |
| Dividends Paid | CN¥266.80 Million | -13.39% |
| Other Comprehensive Income | CN¥3.25 Million | +0.16% |
| Other Changes | CN¥106.71 Million | +5.36% |
| Total Change | CN¥- | -3.05% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Changhong Polymer Scientific & Technical Inc'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: 3.94x
- 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 16.22x to 3.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥0.75 | CN¥12.20 | x |
| 2017-12-31 | CN¥1.06 | CN¥12.20 | x |
| 2018-12-31 | CN¥1.37 | CN¥12.20 | x |
| 2019-12-31 | CN¥1.57 | CN¥12.20 | x |
| 2020-12-31 | CN¥2.73 | CN¥12.20 | x |
| 2021-12-31 | CN¥2.84 | CN¥12.20 | x |
| 2022-12-31 | CN¥3.12 | CN¥12.20 | x |
| 2023-12-31 | CN¥3.24 | CN¥12.20 | x |
| 2024-12-31 | CN¥3.10 | CN¥12.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Changhong Polymer Scientific & Technical Inc 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): 4.73%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.59%
- • Asset Turnover: 0.70x
- • Equity Multiplier: 2.59x
- Recent ROE (4.73%) is below the historical average (12.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 13.74% | 12.44% | 0.85x | 1.31x | CN¥16.08 Million |
| 2017 | 11.41% | 14.14% | 0.73x | 1.11x | CN¥8.57 Million |
| 2018 | 22.92% | 17.75% | 1.01x | 1.28x | CN¥102.14 Million |
| 2019 | 21.40% | 18.59% | 0.87x | 1.32x | CN¥114.62 Million |
| 2020 | 17.21% | 23.25% | 0.57x | 1.30x | CN¥126.36 Million |
| 2021 | 10.15% | 10.67% | 0.51x | 1.88x | CN¥2.69 Million |
| 2022 | 9.01% | 7.61% | 0.62x | 1.90x | CN¥-19.93 Million |
| 2023 | 4.62% | 6.71% | 0.30x | 2.29x | CN¥-110.52 Million |
| 2024 | 4.73% | 2.59% | 0.70x | 2.59x | CN¥-105.04 Million |
Industry Comparison
This section compares Ningbo Changhong Polymer Scientific & Technical Inc's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $757,076,135
- Average return on equity (ROE) among peers: 17.07%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Changhong Polymer Scientific & Technical Inc (605008) | CN¥2.03 Billion | 13.74% | 2.12x | $1.15 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $132.89 Million | 13.77% | 0.98x | $508.22 Million |
| Hengyi Petrochemical Co Ltd (000703) | $187.55 Million | -10.77% | 0.62x | $9.61 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $1.24 Billion | 2.83% | 1.13x | $754.52 Million |
| Luxi Chemical Group Co Ltd (000830) | $2.59 Billion | 8.19% | 3.36x | $4.71 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $92.67 Million | 58.60% | 2.88x | $8.64 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $158.61 Million | 29.32% | 1.96x | $1.21 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $98.99 Million | 29.63% | 2.11x | $1.62 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $1.77 Billion | 9.55% | 0.33x | $583.32 Million |
| Zhejiang Transfar Co Ltd (002010) | $516.04 Million | 15.39% | 0.20x | $2.36 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $790.80 Million | 14.23% | 1.34x | $604.70 Million |
About Ningbo Changhong Polymer Scientific & Technical Inc
Ningbo Changhong Polymer Scientific and Technical Inc. engages in the research, development, production, and sale of styrene-based thermoplastic elastomers in China. It offers Styrene-butadiene-styrene, styrene-ethylene-butylene-styrene, styrene-isoprene-styrene, and styrene-ethylene-propylene-styrene used in rubber products. The company was founded in 2012 and is based in Ningbo, China.