Ninebot Ltd
Ninebot Limited engages in the design, research and development, production, sale, and servicing of transportation and robot products worldwide. Its products include electric balance car, electric scooter, electric two-wheeled vehicle, all-terrain vehicle, service robots, and E-bikes. The company was founded in 1999 and is based in Beijing, China.
Ninebot Ltd (689009) - Net Assets
Latest net assets as of June 2025: CN¥6.93 Billion CNY
Based on the latest financial reports, Ninebot Ltd (689009) has net assets worth CN¥6.93 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥19.62 Billion) and total liabilities (CN¥12.69 Billion). 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¥6.93 Billion |
| % of Total Assets | 35.34% |
| Annual Growth Rate | N/A |
| 5-Year Change | 68.64% |
| 10-Year Change | N/A |
| Growth Volatility | 24.22 |
Ninebot Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Ninebot 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 Ninebot Ltd (2017–2024)
The table below shows the annual net assets of Ninebot Ltd from 2017 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.23 Billion | +12.66% |
| 2023-12-31 | CN¥5.53 Billion | +11.87% |
| 2022-12-31 | CN¥4.95 Billion | +15.76% |
| 2021-12-31 | CN¥4.27 Billion | +15.58% |
| 2020-12-31 | CN¥3.70 Billion | +74.41% |
| 2019-12-31 | CN¥2.12 Billion | +165.50% |
| 2018-12-31 | CN¥-3.24 Billion | -155.65% |
| 2017-12-31 | CN¥-1.27 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ninebot 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 37781237858.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥7.09 Billion | 115.17% |
| Total Equity | CN¥6.16 Billion | 100.00% |
Ninebot Ltd Competitors by Market Cap
The table below lists competitors of Ninebot Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Mtcn Technology Co Ltd
SHE:003026
|
$308.98 Million |
|
QuantaSing Group Limited American Depositary Shares
NASDAQ:QSG
|
$309.06 Million |
|
Wuhan Nusun Landscape Co Ltd
SHE:300536
|
$309.20 Million |
|
Guangzhou Hexin Instrument Co Ltd
SHG:688622
|
$309.28 Million |
|
Haixia Envrnmnt
SHG:603817
|
$308.83 Million |
|
Thai President Foods Public Company Limited
BK:TFMAMA
|
$308.76 Million |
|
Martinrea International Inc
PINK:MRETF
|
$308.73 Million |
|
Dahu Aquaculture Co Ltd
SHG:600257
|
$308.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ninebot Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,456,715,304 to 6,156,282,149, a change of 699,566,845 (12.8%).
- Net income of 1,084,126,918 contributed positively to equity growth.
- Dividend payments of 199,875,599 reduced retained earnings.
- Other factors decreased equity by 184,684,474.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.08 Billion | +17.61% |
| Dividends Paid | CN¥199.88 Million | -3.25% |
| Other Changes | CN¥-184.68 Million | -3.0% |
| Total Change | CN¥- | 12.82% |
Book Value vs Market Value Analysis
This analysis compares Ninebot 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: 0.58x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥-19.98 | CN¥49.40 | x |
| 2018-12-31 | CN¥-51.07 | CN¥49.40 | x |
| 2019-12-31 | CN¥33.45 | CN¥49.40 | x |
| 2020-12-31 | CN¥52.50 | CN¥49.40 | x |
| 2021-12-31 | CN¥60.39 | CN¥49.40 | x |
| 2022-12-31 | CN¥68.69 | CN¥49.40 | x |
| 2023-12-31 | CN¥75.68 | CN¥49.40 | x |
| 2024-12-31 | CN¥85.85 | CN¥49.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ninebot 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): 17.61%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.64%
- • Asset Turnover: 0.91x
- • Equity Multiplier: 2.55x
- Recent ROE (17.61%) is above the historical average (3.49%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 0.00% | -45.40% | 0.71x | 0.00x | CN¥-500.54 Million |
| 2018 | 0.00% | -42.47% | 1.15x | 0.00x | CN¥-1.48 Billion |
| 2019 | -21.46% | -9.92% | 1.39x | 1.56x | CN¥-666.81 Million |
| 2020 | 1.99% | 1.22% | 0.92x | 1.77x | CN¥-296.20 Million |
| 2021 | 9.61% | 4.49% | 1.19x | 1.79x | CN¥-16.88 Million |
| 2022 | 9.21% | 4.46% | 1.08x | 1.92x | CN¥-38.46 Million |
| 2023 | 10.96% | 5.85% | 0.94x | 1.99x | CN¥52.32 Million |
| 2024 | 17.61% | 7.64% | 0.91x | 2.55x | CN¥468.50 Million |
Industry Comparison
This section compares Ninebot Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $780,869,385
- Average return on equity (ROE) among peers: 7.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ninebot Ltd (689009) | CN¥6.93 Billion | 0.00% | 1.83x | $308.93 Million |
| China Bicycle Co Holdings Ltd (000017) | $-1.76 Billion | 0.00% | 0.00x | $399.65 Million |
| Sportsoul Co. Ltd. A (001300) | $1.06 Billion | 2.11% | 0.25x | $179.80 Million |
| HL Corp Shenzhen (002105) | $567.28 Million | 4.46% | 1.51x | $173.11 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $1.12 Billion | 5.75% | 0.06x | $627.40 Million |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $884.00 Million | 4.93% | 0.13x | $533.55 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $1.06 Billion | 8.95% | 0.37x | $695.43 Million |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $217.49 Million | 21.16% | 1.94x | $334.52 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $3.73 Billion | 0.16% | 0.22x | $191.51 Million |
| Shifeng Cultural Development Co Ltd (002862) | $569.17 Million | 5.62% | 0.07x | $192.82 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $361.39 Million | 21.08% | 0.71x | $407.33 Million |