Nanjing Wondux Environmental Protection Technology Corp Ltd (688178) - Net Assets

Latest as of March 2026: CN¥978.00 Million CNY ≈ $143.11 Million USD

Based on the latest financial reports, Nanjing Wondux Environmental Protection Technology Corp Ltd (688178) has net assets worth CN¥978.00 Million CNY (≈ $143.11 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.18 Billion ≈ $318.95 Million USD) and total liabilities (CN¥1.20 Billion ≈ $175.84 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 688178 tangible net assets ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥978.00 Million
% of Total Assets	44.87%
Annual Growth Rate	19.05%
5-Year Change	-20.61%
10-Year Change	N/A
Growth Volatility	41.12

Nanjing Wondux Environmental Protection Technology Corp Ltd - Net Assets Trend (2017–2025)

This chart illustrates how Nanjing Wondux Environmental Protection Technology Corp Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Nanjing Wondux Environmental Protection fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Nanjing Wondux Environmental Protection Technology Corp Ltd (2017–2025)

The table below shows the annual net assets of Nanjing Wondux Environmental Protection Technology Corp Ltd from 2017 to 2025. For live valuation and market cap data, see how much is Nanjing Wondux Environmental Protection worth.

Year	Net Assets	Change
2025-12-31	CN¥950.11 Million ≈ $139.03 Million	-11.36%
2024-12-31	CN¥1.07 Billion ≈ $156.84 Million	-6.19%
2023-12-31	CN¥1.14 Billion ≈ $167.20 Million	-7.91%
2022-12-31	CN¥1.24 Billion ≈ $181.56 Million	+3.67%
2021-12-31	CN¥1.20 Billion ≈ $175.12 Million	+6.46%
2020-12-31	CN¥1.12 Billion ≈ $164.49 Million	+101.51%
2019-12-31	CN¥557.85 Million ≈ $81.63 Million	+28.74%
2018-12-31	CN¥433.33 Million ≈ $63.41 Million	+84.01%
2017-12-31	CN¥235.49 Million ≈ $34.46 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Nanjing Wondux Environmental Protection Technology Corp 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 53.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥118.06 Million	12.87%
Other Components	CN¥799.28 Million	87.13%
Total Equity	CN¥917.34 Million	100.00%

Nanjing Wondux Environmental Protection Technology Corp Ltd Competitors by Market Cap

The table below lists competitors of Nanjing Wondux Environmental Protection Technology Corp Ltd ranked by their market capitalization.

Company	Market Cap
MBM Resources Bhd KLSE:5983	$506.40 Million
Kid ASA OL:KID	$506.40 Million
Shandong Lipeng Co Ltd SHE:002374	$506.57 Million
Swaraj Engines Limited NSE:SWARAJENG	$506.69 Million
Huamei Holding SHE:000607	$506.33 Million
Tianjin Ruixin Technology Co Ltd SHE:300828	$506.29 Million
Akis Gayrimenkul Yatirim Ortakligi AS IS:AKSGY	$506.28 Million
Dada Nexus Ltd NASDAQ:DADA	$506.16 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Nanjing Wondux Environmental Protection Technology Corp Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,032,898,824 to 917,337,925, a change of -115,560,899 (-11.2%).
Net loss of 115,622,879 reduced equity.
Dividend payments of 18,048,966 reduced retained earnings.
Other factors increased equity by 18,110,946.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-115.62 Million	-12.6%
Dividends Paid	CN¥18.05 Million	-1.97%
Other Changes	CN¥18.11 Million	+1.97%
Total Change	CN¥-	-11.19%

Book Value vs Market Value Analysis

This analysis compares Nanjing Wondux Environmental Protection Technology Corp 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: 3.77x
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 9.92x to 3.77x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	CN¥4.10	CN¥40.71	x
2018-12-31	CN¥6.80	CN¥40.71	x
2019-12-31	CN¥8.75	CN¥40.71	x
2020-12-31	CN¥13.23	CN¥40.71	x
2021-12-31	CN¥14.08	CN¥40.71	x
2022-12-31	CN¥14.31	CN¥40.71	x
2023-12-31	CN¥13.02	CN¥40.71	x
2024-12-31	CN¥12.13	CN¥40.71	x
2025-12-31	CN¥10.79	CN¥40.71	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Nanjing Wondux Environmental Protection Technology Corp 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): -12.60%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -23.09%
• Asset Turnover: 0.25x
• Equity Multiplier: 2.19x
Recent ROE (-12.60%) is below the historical average (6.83%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2017	29.62%	24.69%	0.72x	1.67x	CN¥46.20 Million
2018	17.96%	15.80%	0.56x	2.04x	CN¥34.50 Million
2019	22.32%	16.09%	0.78x	1.78x	CN¥68.74 Million
2020	11.24%	15.85%	0.45x	1.58x	CN¥13.98 Million
2021	6.07%	6.93%	0.49x	1.79x	CN¥-47.04 Million
2022	1.83%	2.60%	0.40x	1.76x	CN¥-99.64 Million
2023	-7.80%	-10.70%	0.37x	1.97x	CN¥-197.65 Million
2024	-7.18%	-11.94%	0.30x	2.01x	CN¥-177.50 Million
2025	-12.60%	-23.09%	0.25x	2.19x	CN¥-207.36 Million

Industry Comparison

This section compares Nanjing Wondux Environmental Protection Technology Corp Ltd's net assets metrics with peer companies in the Waste Management industry.

Industry Context

Industry: Waste Management
Average net assets among peers: $4,054,722,643
Average return on equity (ROE) among peers: 10.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Nanjing Wondux Environmental Protection Technology Corp Ltd (688178)	CN¥978.00 Million	29.62%	1.23x	$506.35 Million
China Tianying Inc (000035)	$-1.20 Billion	0.00%	0.00x	$1.79 Billion
BECE Legend Group Co Ltd (000803)	$1.32 Billion	6.11%	1.09x	$487.19 Million
Tus-Sound Environmental Resources Co Ltd (000826)	$287.34 Million	9.00%	0.41x	$454.69 Million
Wangneng Environment Co Ltd (002034)	$424.84 Million	9.00%	0.73x	$1.28 Billion
Beijing Orient Landscape Co Ltd (002310)	$124.67 Million	30.75%	1.13x	$2.19 Billion
GEM Co Ltd (002340)	$10.22 Billion	7.14%	1.44x	$5.70 Billion
Dongjiang Environmental Co Ltd (002672)	$5.37 Billion	5.64%	0.94x	$515.22 Million
Qiaoyin Environmental Tech Co Ltd (002973)	$462.58 Million	21.52%	0.41x	$743.32 Million
Tongxing Environmental Protection (003027)	$1.69 Billion	9.63%	0.34x	$383.34 Million
Beijing Originwater Technology (300070)	$21.85 Billion	5.70%	1.59x	$1.83 Billion

About Nanjing Wondux Environmental Protection Technology Corp Ltd

SHG:688178 China Waste Management

Market Cap

$506.35 Million

CN¥3.46 Billion CNY

Market Cap Rank

#12379 Global

#3660 in China

Share Price

CN¥40.71

Change (1 day)

+6.71%

52-Week Range

CN¥22.47 - CN¥40.71

All Time High

CN¥52.59