Ningbo Deye Technology Co Ltd (605117) - Net Assets
Based on the latest financial reports, Ningbo Deye Technology Co Ltd (605117) has net assets worth CN¥9.38 Billion CNY (≈ $1.37 Billion 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¥18.57 Billion ≈ $2.72 Billion USD) and total liabilities (CN¥9.19 Billion ≈ $1.34 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 605117 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.38 Billion |
| % of Total Assets | 50.52% |
| Annual Growth Rate | 76.66% |
| 5-Year Change | 990.17% |
| 10-Year Change | N/A |
| Growth Volatility | 61.92 |
Ningbo Deye Technology Co Ltd - Net Assets Trend (2019–2024)
This chart illustrates how Ningbo Deye Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Ningbo Deye Technology Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Deye Technology Co Ltd (2019–2024)
The table below shows the annual net assets of Ningbo Deye Technology Co Ltd from 2019 to 2024. For live valuation and market cap data, see 605117 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.45 Billion ≈ $1.38 Billion |
+80.73% |
| 2023-12-31 | CN¥5.23 Billion ≈ $765.52 Million |
+27.91% |
| 2022-12-31 | CN¥4.09 Billion ≈ $598.47 Million |
+54.91% |
| 2021-12-31 | CN¥2.64 Billion ≈ $386.35 Million |
+204.43% |
| 2020-12-31 | CN¥867.27 Million ≈ $126.91 Million |
+58.02% |
| 2019-12-31 | CN¥548.83 Million ≈ $80.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Deye Technology 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 1267.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.62 Billion | 48.91% |
| Other Components | CN¥4.83 Billion | 51.09% |
| Total Equity | CN¥9.45 Billion | 100.00% |
Ningbo Deye Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Deye Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tbea Co Ltd
SHG:600089
|
$20.11 Billion |
|
Huagong Tech Co Ltd
SHE:000988
|
$20.11 Billion |
|
CHINA SHENHUA EN.A ADR/4
F:IKFC
|
$20.14 Billion |
|
Fubon Financial Holding Co Ltd Pref B
TW:2881B
|
$20.15 Billion |
|
CH Robinson Worldwide Inc
NASDAQ:CHRW
|
$20.09 Billion |
|
SoFi Technologies Inc.
NASDAQ:SOFI
|
$20.09 Billion |
|
Zhongjin Gold Corp Ltd
SHG:600489
|
$20.02 Billion |
|
Jiangxi Ganfeng Lithium Co Ltd
SHE:002460
|
$20.02 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Deye Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,231,433,595 to 9,454,145,126, a change of 4,222,711,531 (80.7%).
- Net income of 2,960,347,142 contributed positively to equity growth.
- Dividend payments of 1,721,857,196 reduced retained earnings.
- Other factors increased equity by 2,984,221,585.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.96 Billion | +31.31% |
| Dividends Paid | CN¥1.72 Billion | -18.21% |
| Other Changes | CN¥2.98 Billion | +31.57% |
| Total Change | CN¥- | 80.72% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Deye Technology 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: 14.45x
- 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 49.39x to 14.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥3.06 | CN¥151.27 | x |
| 2020-12-31 | CN¥3.63 | CN¥151.27 | x |
| 2021-12-31 | CN¥11.05 | CN¥151.27 | x |
| 2022-12-31 | CN¥17.00 | CN¥151.27 | x |
| 2023-12-31 | CN¥6.21 | CN¥151.27 | x |
| 2024-12-31 | CN¥10.46 | CN¥151.27 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Deye Technology 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): 31.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.42%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.60x
- Recent ROE (31.31%) is below the historical average (36.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 47.32% | 10.11% | 2.12x | 2.21x | CN¥204.83 Million |
| 2020 | 44.10% | 12.65% | 1.80x | 1.93x | CN¥295.72 Million |
| 2021 | 21.91% | 13.88% | 1.06x | 1.49x | CN¥314.53 Million |
| 2022 | 37.35% | 25.48% | 0.70x | 2.09x | CN¥1.11 Billion |
| 2023 | 34.24% | 23.94% | 0.69x | 2.07x | CN¥1.27 Billion |
| 2024 | 31.31% | 26.42% | 0.74x | 1.60x | CN¥2.01 Billion |
Industry Comparison
This section compares Ningbo Deye Technology Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $7,983,910,593
- Average return on equity (ROE) among peers: 11.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Deye Technology Co Ltd (605117) | CN¥9.38 Billion | 47.32% | 0.98x | $20.09 Billion |
| Midea Group Co Ltd (000333) | $56.03 Billion | 22.68% | 1.30x | $81.76 Billion |
| Changhong Meiling Co Ltd (000521) | $1.38 Billion | 0.40% | 0.83x | $750.93 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $1.76 Billion | 14.88% | 2.94x | $32.71 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $15.59 Billion | 6.24% | 2.59x | $3.33 Billion |
| Suncha Technology Co Ltd (001211) | $284.49 Million | 14.41% | 1.06x | $466.21 Million |
| Elec-Tech International Co Ltd (002005) | $192.40 Million | 37.34% | 2.03x | $746.23 Million |
| Zhejiang Supor Co Ltd (002032) | $2.74 Billion | 14.76% | 0.44x | $5.56 Billion |
| Vatti Corp Ltd (002035) | $312.34 Million | -3.56% | 1.61x | $730.59 Million |
| CNlight Co Ltd (002076) | $-159.00 Million | 0.00% | 0.00x | $373.29 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $1.72 Billion | 7.63% | 0.76x | $365.86 Million |
About Ningbo Deye Technology Co Ltd
Ningbo Deye Technology Group Co., Ltd. engages in the production and sales of heat exchangers, inverters, and dehumidifiers in South Africa, Brazil, Hong Kong, Germany, India, and internationally. The company offers household, industrial, fresh air, pipe ceiling, and rotary dehumidifiers, as well as integrated dehumidification and humidification machines, constant temperature and humidity machine… Read more