Nanjing Develop Advanced Manufacturing Co Ltd
Nanjing Develop Advanced Manufacturing Co., Ltd. engages in the research, development, manufacturing, and sale of parts and components for oil and gas industry in China and internationally. The company offers surface equipment and Christmas tree components, including tree cap, tubing hanger, and packoff seal assemblies, as well as tree block, casing hanger, multibowl wellhead, cross, gate valve, … Read more
Nanjing Develop Advanced Manufacturing Co Ltd (688377) - Net Assets
Latest net assets as of September 2025: CN¥1.86 Billion CNY
Based on the latest financial reports, Nanjing Develop Advanced Manufacturing Co Ltd (688377) has net assets worth CN¥1.86 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.83 Billion) and total liabilities (CN¥969.71 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.86 Billion |
| % of Total Assets | 65.74% |
| Annual Growth Rate | 14.45% |
| 5-Year Change | 17.04% |
| 10-Year Change | 272.01% |
| Growth Volatility | 28.21 |
Nanjing Develop Advanced Manufacturing Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Nanjing Develop Advanced Manufacturing Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nanjing Develop Advanced Manufacturing Co Ltd (2011–2024)
The table below shows the annual net assets of Nanjing Develop Advanced Manufacturing Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.79 Billion | +2.86% |
| 2023-12-31 | CN¥1.74 Billion | +7.41% |
| 2022-12-31 | CN¥1.62 Billion | +8.75% |
| 2021-12-31 | CN¥1.49 Billion | -2.59% |
| 2020-12-31 | CN¥1.53 Billion | +109.98% |
| 2019-12-31 | CN¥729.35 Million | +18.10% |
| 2018-12-31 | CN¥617.54 Million | +9.27% |
| 2017-12-31 | CN¥565.16 Million | +26.14% |
| 2016-12-31 | CN¥448.04 Million | -7.01% |
| 2015-12-31 | CN¥481.81 Million | +6.08% |
| 2014-12-31 | CN¥454.21 Million | +12.81% |
| 2013-12-31 | CN¥402.64 Million | +7.58% |
| 2012-12-31 | CN¥374.27 Million | +20.70% |
| 2011-12-31 | CN¥310.09 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nanjing Develop Advanced Manufacturing 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 925.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥579.08 Million | 32.31% |
| Common Stock | CN¥194.67 Million | 10.86% |
| Other Comprehensive Income | CN¥108.32 Million | 6.04% |
| Other Components | CN¥910.31 Million | 50.79% |
| Total Equity | CN¥1.79 Billion | 100.00% |
Nanjing Develop Advanced Manufacturing Co Ltd Competitors by Market Cap
The table below lists competitors of Nanjing Develop Advanced Manufacturing Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chongqing Road & Bridge Co Ltd
SHG:600106
|
$756.88 Million |
|
Lemon Tree Hotels Limited
NSE:LEMONTREE
|
$757.29 Million |
|
Huaihe Energy Group Co Ltd
SHG:600575
|
$757.91 Million |
|
Actions Technology Co Ltd
SHG:688049
|
$758.09 Million |
|
Beyondsoft Corp
SHE:002649
|
$756.42 Million |
|
OPmobility SE
PA:OPM
|
$756.06 Million |
|
Shenzhen INVT Electric Co Ltd
SHE:002334
|
$755.99 Million |
|
Banque Cantonale du Valais
SW:WKBN
|
$755.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nanjing Develop Advanced Manufacturing Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,742,493,000 to 1,792,377,754, a change of 49,884,754 (2.9%).
- Net income of 85,602,706 contributed positively to equity growth.
- Dividend payments of 50,759,082 reduced retained earnings.
- Other comprehensive income increased equity by 108,322,000.
- Other factors decreased equity by 93,280,870.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥85.60 Million | +4.78% |
| Dividends Paid | CN¥50.76 Million | -2.83% |
| Other Comprehensive Income | CN¥108.32 Million | +6.04% |
| Other Changes | CN¥-93.28 Million | -5.2% |
| Total Change | CN¥- | 2.86% |
Book Value vs Market Value Analysis
This analysis compares Nanjing Develop Advanced Manufacturing 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: 4.77x
- 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 15.73x to 4.77x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥2.79 | CN¥43.93 | x |
| 2012-12-31 | CN¥3.06 | CN¥43.93 | x |
| 2013-12-31 | CN¥3.21 | CN¥43.93 | x |
| 2014-12-31 | CN¥3.59 | CN¥43.93 | x |
| 2015-12-31 | CN¥3.84 | CN¥43.93 | x |
| 2016-12-31 | CN¥3.56 | CN¥43.93 | x |
| 2017-12-31 | CN¥4.07 | CN¥43.93 | x |
| 2018-12-31 | CN¥4.29 | CN¥43.93 | x |
| 2019-12-31 | CN¥4.91 | CN¥43.93 | x |
| 2020-12-31 | CN¥7.79 | CN¥43.93 | x |
| 2021-12-31 | CN¥7.72 | CN¥43.93 | x |
| 2022-12-31 | CN¥8.39 | CN¥43.93 | x |
| 2023-12-31 | CN¥8.93 | CN¥43.93 | x |
| 2024-12-31 | CN¥9.21 | CN¥43.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nanjing Develop Advanced Manufacturing 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): 4.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.62%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.54x
- Recent ROE (4.78%) is below the historical average (6.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 13.25% | 11.38% | 0.59x | 1.98x | CN¥9.88 Million |
| 2012 | 12.11% | 12.13% | 0.55x | 1.81x | CN¥7.88 Million |
| 2013 | 11.22% | 11.24% | 0.53x | 1.87x | CN¥4.93 Million |
| 2014 | 11.41% | 11.63% | 0.52x | 1.87x | CN¥6.39 Million |
| 2015 | 5.73% | 9.75% | 0.34x | 1.74x | CN¥-20.58 Million |
| 2016 | -7.59% | -17.26% | 0.25x | 1.77x | CN¥-78.82 Million |
| 2017 | 0.74% | 1.22% | 0.38x | 1.58x | CN¥-52.35 Million |
| 2018 | 8.40% | 10.32% | 0.50x | 1.63x | CN¥-9.88 Million |
| 2019 | 13.30% | 13.66% | 0.58x | 1.67x | CN¥23.51 Million |
| 2020 | 5.29% | 11.33% | 0.38x | 1.23x | CN¥-71.46 Million |
| 2021 | 2.16% | 6.10% | 0.28x | 1.29x | CN¥-116.98 Million |
| 2022 | 7.49% | 12.36% | 0.43x | 1.42x | CN¥-40.76 Million |
| 2023 | 8.17% | 11.77% | 0.48x | 1.45x | CN¥-31.82 Million |
| 2024 | 4.78% | 7.62% | 0.41x | 1.54x | CN¥-93.64 Million |
Industry Comparison
This section compares Nanjing Develop Advanced Manufacturing Co Ltd's net assets metrics with peer companies in the Oil & Gas Equipment & Services industry.
Industry Context
- Industry: Oil & Gas Equipment & Services
- Average net assets among peers: $992,882,705
- Average return on equity (ROE) among peers: -22.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nanjing Develop Advanced Manufacturing Co Ltd (688377) | CN¥1.86 Billion | 13.25% | 0.52x | $756.65 Million |
| Xinjiang Zhundong Petroleum (002207) | $156.67 Million | 4.89% | 1.19x | $275.58 Million |
| Yantai Jereh Oilfield Services Group Co Ltd (002353) | $3.16 Billion | 20.35% | 0.48x | $7.68 Billion |
| China Oil HBP Science & Technology Co Ltd (002554) | $1.74 Billion | -28.35% | 1.23x | $416.87 Million |
| Zhejiang Renzhi Co Ltd (002629) | $685.23 Million | 3.58% | 0.12x | $282.35 Million |
| Lanzhou Haimo Technologies Co (300084) | $1.07 Billion | 3.74% | 0.52x | $485.03 Million |
| LandOcean Energy Services Co (300157) | $269.26 Million | -267.05% | 6.94x | $562.67 Million |
| Tong Oil Tools (300164) | $118.51 Million | 30.83% | 0.86x | $511.69 Million |
| Sino Geophysical (300191) | $1.17 Billion | -4.09% | 0.08x | $943.88 Million |
| Chengdu Huaqi Houpu Holding Co Ltd (300471) | $225.12 Million | 0.00% | 1.02x | $599.98 Million |
| Dezhou United Petroleum Technology Co.Ltd. (301158) | $1.33 Billion | 7.45% | 0.34x | $266.67 Million |