Ningbo Ronbay New Energy Tech Ltd (688005) - Net Assets
Based on the latest financial reports, Ningbo Ronbay New Energy Tech Ltd (688005) has net assets worth CN¥8.23 Billion CNY (≈ $1.20 Billion 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¥23.96 Billion ≈ $3.51 Billion USD) and total liabilities (CN¥15.73 Billion ≈ $2.30 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 Ronbay New Energy Tech Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.23 Billion |
| % of Total Assets | 34.33% |
| Annual Growth Rate | 57.72% |
| 5-Year Change | 104.6% |
| 10-Year Change | N/A |
| Growth Volatility | 171.55 |
Ningbo Ronbay New Energy Tech Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Ningbo Ronbay New Energy Tech Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Ningbo Ronbay New Energy Tech Ltd for the complete picture of this company's asset base.
Annual Net Assets for Ningbo Ronbay New Energy Tech Ltd (2016–2024)
The table below shows the annual net assets of Ningbo Ronbay New Energy Tech Ltd from 2016 to 2024. For live valuation and market cap data, see market cap of Ningbo Ronbay New Energy Tech Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.19 Billion ≈ $1.34 Billion |
-10.54% |
| 2023-12-31 | CN¥10.27 Billion ≈ $1.50 Billion |
+20.08% |
| 2022-12-31 | CN¥8.55 Billion ≈ $1.25 Billion |
+57.41% |
| 2021-12-31 | CN¥5.43 Billion ≈ $795.03 Million |
+20.99% |
| 2020-12-31 | CN¥4.49 Billion ≈ $657.10 Million |
+4.00% |
| 2019-12-31 | CN¥4.32 Billion ≈ $631.85 Million |
+37.89% |
| 2018-12-31 | CN¥3.13 Billion ≈ $458.21 Million |
+103.17% |
| 2017-12-31 | CN¥1.54 Billion ≈ $225.53 Million |
+542.45% |
| 2016-12-31 | CN¥239.90 Million ≈ $35.10 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Ningbo Ronbay New Energy Tech 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 38785.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.15 Billion | 37.36% |
| Common Stock | CN¥483.03 Million | 5.72% |
| Other Components | CN¥4.80 Billion | 56.92% |
| Total Equity | CN¥8.44 Billion | 100.00% |
Ningbo Ronbay New Energy Tech Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Ronbay New Energy Tech Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PPB Group Bhd
KLSE:4065
|
$3.99 Billion |
|
Athabasca Oil Corp
TO:ATH
|
$3.99 Billion |
|
EO Technics Co. Ltd
KQ:039030
|
$4.00 Billion |
|
HOSHIZAKIL UNSP.ADR/025
F:HS00
|
$4.00 Billion |
|
Dhc Software Co Ltd
SHE:002065
|
$3.99 Billion |
|
Archer Aviation Inc
NYSE:ACHR
|
$3.99 Billion |
|
MeiHua Holdings Group Co Ltd
SHG:600873
|
$3.99 Billion |
|
Beijing Tricolor Technology Co Ltd
SHG:603516
|
$3.99 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Ronbay New Energy Tech Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,698,065,813 to 8,440,667,718, a change of -257,398,095 (-3.0%).
- Net income of 295,910,782 contributed positively to equity growth.
- Dividend payments of 320,315,685 reduced retained earnings.
- Share repurchases of 220,558,847 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥295.91 Million | +3.51% |
| Dividends Paid | CN¥320.32 Million | -3.79% |
| Share Repurchases | CN¥220.56 Million | -2.61% |
| Other Changes | CN¥-12.43 Million | -0.15% |
| Total Change | CN¥- | -2.96% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Ronbay New Energy Tech 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: 3.19x
- 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 74.42x to 3.19x 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¥0.51 | CN¥38.17 | x |
| 2017-12-31 | CN¥4.04 | CN¥38.17 | x |
| 2018-12-31 | CN¥8.23 | CN¥38.17 | x |
| 2019-12-31 | CN¥9.73 | CN¥38.17 | x |
| 2020-12-31 | CN¥10.11 | CN¥38.17 | x |
| 2021-12-31 | CN¥11.98 | CN¥38.17 | x |
| 2022-12-31 | CN¥15.29 | CN¥38.17 | x |
| 2023-12-31 | CN¥18.29 | CN¥38.17 | x |
| 2024-12-31 | CN¥11.98 | CN¥38.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Ronbay New Energy Tech 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): 3.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.96%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.92x
- Recent ROE (3.51%) is below the historical average (7.22%), 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 | 2.99% | 0.78% | 1.11x | 3.47x | CN¥-16.10 Million |
| 2017 | 2.03% | 1.66% | 0.86x | 1.42x | CN¥-122.46 Million |
| 2018 | 6.80% | 7.00% | 0.71x | 1.36x | CN¥-100.12 Million |
| 2019 | 2.03% | 2.09% | 0.72x | 1.36x | CN¥-343.86 Million |
| 2020 | 4.75% | 5.61% | 0.62x | 1.37x | CN¥-235.29 Million |
| 2021 | 16.78% | 8.88% | 0.70x | 2.71x | CN¥368.14 Million |
| 2022 | 19.43% | 4.49% | 1.17x | 3.68x | CN¥656.76 Million |
| 2023 | 6.68% | 2.56% | 0.92x | 2.83x | CN¥-288.90 Million |
| 2024 | 3.51% | 1.96% | 0.61x | 2.92x | CN¥-548.16 Million |
Industry Comparison
This section compares Ningbo Ronbay New Energy Tech Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,542,980,118
- Average return on equity (ROE) among peers: 6.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Ronbay New Energy Tech Ltd (688005) | CN¥8.23 Billion | 2.99% | 1.91x | $3.99 Billion |
| XJ Electric Co Ltd (000400) | $1.49 Billion | 11.47% | 0.73x | $3.86 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $1.35 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.84 Billion | 10.28% | 0.11x | $1.03 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.27 Billion | 0.84% | 0.19x | $2.58 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.05 Billion | -0.83% | 4.35x | $864.19 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $18.42 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.82 Billion |
| Sieyuan Electric Co Ltd (002028) | $8.60 Billion | 13.93% | 0.62x | $23.55 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.70 Million | 4.41% | 0.38x | $525.19 Million |
| Gotion High tech Co Ltd (002074) | $497.13 Million | 7.34% | 0.88x | $10.24 Billion |
About Ningbo Ronbay New Energy Tech Ltd
Ningbo Ronbay New Energy Technology Co.,Ltd. engages in the research and development, manufacture, and sale of multi-materials, lithium iron manganese phosphate materials, sodium electric materials and multi-material precursors in China and internationally. The company's products are used in electric vehicles, electric two-wheeled vehicles, energy storage equipment, and electronic products. Ningb… Read more