Wuxi Nce Power Co Ltd (605111) - Net Assets
Based on the latest financial reports, Wuxi Nce Power Co Ltd (605111) has net assets worth CN¥4.25 Billion CNY (≈ $621.19 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.68 Billion ≈ $685.30 Million USD) and total liabilities (CN¥438.07 Million ≈ $64.10 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 Wuxi Nce Power Co Ltd (605111) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.25 Billion |
| % of Total Assets | 90.65% |
| Annual Growth Rate | 42.92% |
| 5-Year Change | 248.06% |
| 10-Year Change | N/A |
| Growth Volatility | 46.9 |
Wuxi Nce Power Co Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Wuxi Nce Power Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 605111 asset base for the complete picture of this company's asset base.
Annual Net Assets for Wuxi Nce Power Co Ltd (2018–2024)
The table below shows the annual net assets of Wuxi Nce Power Co Ltd from 2018 to 2024. For live valuation and market cap data, see Wuxi Nce Power Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.04 Billion ≈ $590.79 Million |
+8.21% |
| 2023-12-31 | CN¥3.73 Billion ≈ $545.95 Million |
+8.08% |
| 2022-12-31 | CN¥3.45 Billion ≈ $505.12 Million |
+125.57% |
| 2021-12-31 | CN¥1.53 Billion ≈ $223.93 Million |
+31.93% |
| 2020-12-31 | CN¥1.16 Billion ≈ $169.74 Million |
+102.93% |
| 2019-12-31 | CN¥571.62 Million ≈ $83.65 Million |
+20.75% |
| 2018-12-31 | CN¥473.41 Million ≈ $69.27 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wuxi Nce Power Co Ltd'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 528.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.55 Billion | 39.16% |
| Other Components | CN¥2.40 Billion | 60.84% |
| Total Equity | CN¥3.95 Billion | 100.00% |
Wuxi Nce Power Co Ltd Competitors by Market Cap
The table below lists competitors of Wuxi Nce Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Silicon Motion Technology Corporation
F:S9M
|
$2.47 Billion |
|
Infleqtion, Inc.
NYSE:INFQ
|
$2.47 Billion |
|
Bangkok Expressway and Metro Public Company Limited
BK:BEM
|
$2.47 Billion |
|
WeRide Inc. American Depositary Shares
NASDAQ:WRD
|
$2.48 Billion |
|
Woolworths Holdings Ltd
JSE:WHL
|
$2.47 Billion |
|
Qingdao Rural Commercial Bank Corp Class A
SHE:002958
|
$2.47 Billion |
|
Zhejiang Publishing & Media Co Ltd
SHG:601921
|
$2.47 Billion |
|
Ideaya Biosciences Inc
NASDAQ:IDYA
|
$2.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wuxi Nce Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,642,558,105 to 3,952,507,999, a change of 309,949,893 (8.5%).
- Net income of 434,575,997 contributed positively to equity growth.
- Dividend payments of 86,659,060 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥434.58 Million | +10.99% |
| Dividends Paid | CN¥86.66 Million | -2.19% |
| Other Changes | CN¥-37.97 Million | -0.96% |
| Total Change | CN¥- | 8.51% |
Book Value vs Market Value Analysis
This analysis compares Wuxi Nce Power Co Ltd'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: 4.27x
- 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 9.13x to 4.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CN¥4.46 | CN¥40.68 | x |
| 2019-12-31 | CN¥5.38 | CN¥40.68 | x |
| 2020-12-31 | CN¥8.19 | CN¥40.68 | x |
| 2021-12-31 | CN¥10.80 | CN¥40.68 | x |
| 2022-12-31 | CN¥15.79 | CN¥40.68 | x |
| 2023-12-31 | CN¥8.73 | CN¥40.68 | x |
| 2024-12-31 | CN¥9.52 | CN¥40.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wuxi Nce Power Co Ltd 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): 10.99%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.77%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.14x
- Recent ROE (10.99%) is below the historical average (16.96%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 29.87% | 19.76% | 1.16x | 1.30x | CN¥94.08 Million |
| 2019 | 17.18% | 12.71% | 0.96x | 1.41x | CN¥41.05 Million |
| 2020 | 12.01% | 14.59% | 0.68x | 1.21x | CN¥23.36 Million |
| 2021 | 26.82% | 27.40% | 0.79x | 1.23x | CN¥257.43 Million |
| 2022 | 12.94% | 24.03% | 0.45x | 1.19x | CN¥98.91 Million |
| 2023 | 8.87% | 21.88% | 0.34x | 1.19x | CN¥-41.14 Million |
| 2024 | 10.99% | 23.77% | 0.41x | 1.14x | CN¥39.33 Million |
Industry Comparison
This section compares Wuxi Nce Power Co Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $17,716,400,941
- Average return on equity (ROE) among peers: 5.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wuxi Nce Power Co Ltd (605111) | CN¥4.25 Billion | 29.87% | 0.10x | $2.47 Billion |
| TCL Corp (000100) | $132.70 Billion | 1.18% | 1.85x | $13.00 Billion |
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | $324.60 Million | 17.43% | 0.64x | $5.12 Billion |
| TongFu Microelectronics Co Ltd (002156) | $222.39 Million | 16.98% | 3.34x | $11.50 Billion |
| Tianshui Huatian Technology Co Ltd (002185) | $279.37 Million | 22.06% | 1.27x | $6.27 Billion |
| NAURA Technology Group Co Ltd (002371) | $32.23 Billion | 17.44% | 1.04x | $56.96 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $4.26 Billion | 3.12% | 0.12x | $5.90 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $872.24 Million | -37.18% | 0.97x | $437.78 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $648.76 Million | 3.51% | 0.98x | $948.18 Million |
| Hubei Tech Semiconductors Co (300046) | $645.15 Million | 5.00% | 0.19x | $1.12 Billion |
| Shanghai Sinyang Semiconductor (300236) | $4.99 Billion | 1.88% | 0.33x | $4.35 Billion |
About Wuxi Nce Power Co Ltd
Wuxi NCE Power Co.,Ltd. engages in the research and development, design, and sale of semiconductor power devices and chips in China. It offers N-MOSFET, P-MOSFET, and NP MOSFET; IGBT; and IPM and PIM modules that are used in various areas, including new energy vehicles and charging piles, photovoltaic energy storage, AI servers and data centers, drones, industrial automation, consumer electronics… Read more