Ningbo Tip Rubber Technology Co Ltd Net Assets
Ningbo Tip Rubber Technology Co Ltd net assets. Based on the latest financial reports, Ningbo Tip Rubber Technology Co Ltd (605255) has net assets worth CN¥806.92 Million CNY (≈ $118.08 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¥865.44 Million ≈ $126.64 Million USD) and total liabilities (CN¥58.51 Million ≈ $8.56 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. Also explore 605255 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥806.92 Million |
| % of Total Assets | 93.24% |
| Annual Growth Rate | 8.26% |
| 5-Year Change | -12.74% |
| 10-Year Change | N/A |
| Growth Volatility | 28.27 |
Net Assets of Ningbo Tip Rubber Technology Co Ltd (2016–2024)
Net assets of Ningbo Tip Rubber Technology Co Ltd from 2016 to 2024. This chart illustrates how Ningbo Tip Rubber Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 605255 net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Ningbo Tip Rubber Technology Co Ltd (2016–2024)
The table below shows the annual net assets of Ningbo Tip Rubber Technology Co Ltd from 2016 to 2024. For live market cap and overall valuation, see 605255 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥817.18 Million ≈ $119.58 Million |
-3.07% |
| 2023-12-31 | CN¥843.09 Million ≈ $123.37 Million |
+0.13% |
| 2022-12-31 | CN¥841.97 Million ≈ $123.21 Million |
-3.89% |
| 2021-12-31 | CN¥876.01 Million ≈ $128.19 Million |
-6.46% |
| 2020-12-31 | CN¥936.48 Million ≈ $137.04 Million |
+83.03% |
| 2019-12-31 | CN¥511.65 Million ≈ $74.87 Million |
+18.01% |
| 2018-12-31 | CN¥433.58 Million ≈ $63.45 Million |
+6.70% |
| 2017-12-31 | CN¥406.34 Million ≈ $59.46 Million |
-6.15% |
| 2016-12-31 | CN¥432.98 Million ≈ $63.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Tip Rubber 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 decreased by 69.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Ningbo Tip Rubber Technology Co Ltd Net Assets Breakdown (December 2024)
Ningbo Tip Rubber Technology Co Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥75.20 Million | 9.20% |
| Common Stock | CN¥134.08 Million | 16.41% |
| Other Comprehensive Income | CN¥39.53 Million | 4.84% |
| Other Components | CN¥568.37 Million | 69.55% |
| Total Equity | CN¥817.18 Million | 100.00% |
Ningbo Tip Rubber Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Tip Rubber Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Elders Ltd
AU:ELD
|
$954.08 Million |
|
Topsec Technologies Group Inc
SHE:002212
|
$954.43 Million |
|
Ningbo Changhong Polymer Scientific & Technical Inc
SHG:605008
|
$954.70 Million |
|
Shenzhen SEG Co Ltd
SHE:000058
|
$955.37 Million |
|
Keystone Reit Ltd
TA:KSTN
|
$953.73 Million |
|
Polyrocks Chemical Co Ltd
SHG:688669
|
$953.61 Million |
|
Shanghai AJ Group Co Ltd
SHG:600643
|
$953.51 Million |
|
Juewei Food Co Ltd
SHG:603517
|
$953.28 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Tip Rubber Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 843,093,015 to 817,180,755, a change of -25,912,260 (-3.1%).
- Net income of 33,066,027 contributed positively to equity growth.
- Dividend payments of 58,995,200 reduced retained earnings.
- Other comprehensive income increased equity by 39,506,576.
- Other factors decreased equity by 39,489,663.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥33.07 Million | +4.05% |
| Dividends Paid | CN¥59.00 Million | -7.22% |
| Other Comprehensive Income | CN¥39.51 Million | +4.83% |
| Other Changes | CN¥-39.49 Million | -4.83% |
| Total Change | CN¥- | -3.07% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Tip Rubber 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: 7.87x
- 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 11.24x to 7.87x 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¥4.32 | CN¥48.62 | x |
| 2017-12-31 | CN¥4.06 | CN¥48.62 | x |
| 2018-12-31 | CN¥4.33 | CN¥48.62 | x |
| 2019-12-31 | CN¥3.82 | CN¥48.62 | x |
| 2020-12-31 | CN¥6.98 | CN¥48.62 | x |
| 2021-12-31 | CN¥6.53 | CN¥48.62 | x |
| 2022-12-31 | CN¥6.28 | CN¥48.62 | x |
| 2023-12-31 | CN¥6.34 | CN¥48.62 | x |
| 2024-12-31 | CN¥6.18 | CN¥48.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Tip Rubber 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): 4.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.66%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.07x
- Recent ROE (4.05%) is below the historical average (11.89%), 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 | 20.09% | 23.72% | 0.73x | 1.15x | CN¥43.67 Million |
| 2017 | 26.24% | 25.48% | 0.78x | 1.32x | CN¥65.99 Million |
| 2018 | 23.56% | 23.37% | 0.92x | 1.10x | CN¥58.78 Million |
| 2019 | 15.26% | 22.65% | 0.58x | 1.15x | CN¥26.89 Million |
| 2020 | 6.69% | 20.64% | 0.29x | 1.11x | CN¥-30.99 Million |
| 2021 | 4.51% | 12.89% | 0.30x | 1.16x | CN¥-48.11 Million |
| 2022 | 3.04% | 7.76% | 0.36x | 1.08x | CN¥-58.63 Million |
| 2023 | 3.63% | 8.79% | 0.39x | 1.07x | CN¥-53.70 Million |
| 2024 | 4.05% | 9.66% | 0.39x | 1.07x | CN¥-48.65 Million |
Industry Comparison
This section compares Ningbo Tip Rubber Technology Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,673,842,672
- Average return on equity (ROE) among peers: 7.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Tip Rubber Technology Co Ltd (605255) | CN¥806.92 Million | 20.09% | 0.07x | $953.93 Million |
| FAWER Automotive Parts Ltd Co (000030) | $747.95 Million | 3.82% | 1.74x | $878.35 Million |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $6.11 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $16.47 Billion | 14.55% | 0.27x | $1.97 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.05 Billion | 4.62% | 2.03x | $923.61 Million |
| Qingdao Doublestar Co Ltd (000599) | $1.51 Billion | 2.38% | 2.25x | $1.33 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $-104.62 Million | 0.00% | 0.00x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.10 Billion | 0.29% | 0.96x | $1.22 Billion |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.82 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $700.55 Million | 11.30% | 0.76x | $289.99 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $699.33 Million | 19.09% | 1.09x | $3.14 Billion |
About Ningbo Tip Rubber Technology Co Ltd
Ningbo TIP Rubber Technology Co.,Ltd engages in the research and development, production, and sale of polymer material fluid piping systems, and sealing system parts and assemblies for automobiles in China and internationally. It offers engine accessory system hoses and assemblies; automobile air conditioning systems; power steering systems; body accessory system hoses and assemblies; fuel system… Read more