Ningbo Yibin Electronic Technology Co Ltd
Ningbo Yibin Electronic Technology Co Ltd has a price-to-book ratio of 2.22 and a price-to-tangible-book ratio of 2.22, indicating that the market values the company at more than double its tangible book value [doc:HA-latest]. The company's liquidity position is characterized by a current ratio of 1.05, suggesting a marginal ability to meet short-term obligations with current assets [doc:HA-latest]. Free cash flow is negative at -282.47 million CNY, and capital expenditure is -266.51 million CNY, indicating significant reinvestment in the business [doc:HA-latest]. Profitability metrics show a return on equity of -6.05% and a return on assets of -1.95%, both below the industry median for the "Auto, Truck & Motorcycle Parts" sector, which typically sees positive returns in a stable market [doc:HA-latest]. The company reported a net loss of 74.02 million CNY and an operating loss of 76.56 million CNY, which is a concern for its earnings sustainability [doc:HA-latest]. The company's revenue is concentrated in disclosed segments, with no specific breakdown provided in the latest financials. However, the focus on new energy vehicle components suggests a strategic shift toward high-growth markets [doc:HA-latest]. The geographic exposure is primarily domestic, with no material international revenue disclosed [doc:HA-latest]. Looking ahead, the company is expected to face a challenging growth trajectory, with no specific revenue growth guidance provided in the latest outlook. The negative operating and net income, combined with high capital expenditures, suggest a capital-intensive growth strategy [doc:HA-latest]. The company's debt-to-equity ratio of 0.94 indicates a moderate level of leverage, but the negative net cash position raises concerns about liquidity [doc:HA-latest]. Risk factors include a medium liquidity risk due to the current ratio of 1.05 and a negative net cash position after subtracting total debt. The dilution risk is assessed as low, with no significant dilution potential in the near term [doc:HA-latest]. The company has not disclosed any major recent events in filings or transcripts that would significantly impact its operations or financial position [doc:HA-latest].
Business. Ningbo Yibin Electronic Technology Co Ltd designs, develops, produces, and sells automotive plastic and metal parts for sub-dashboard systems, air circulation systems, engine compartment interior fittings, and other vehicle components, with a focus on new energy vehicle special components [doc:HA-latest].
Classification. Ningbo Yibin Electronic Technology Co Ltd is classified in the industry "Auto, Truck & Motorcycle Parts" under the business sector "Automobiles & Auto Parts" in the economic sector "Consumer Cyclicals," with a confidence level of 0.92 [doc:verified market data].
- The company is trading at a price-to-book ratio of 2.22, suggesting a premium valuation relative to its tangible book value.
- Negative net and operating income indicate a lack of profitability, with ROE and ROA both in negative territory.
- The company is investing heavily in capital expenditures, with free cash flow turning negative.
- The debt-to-equity ratio of 0.94 and a current ratio of 1.05 highlight liquidity and leverage concerns.
- The company's focus on new energy vehicle components may position it for future growth, but current financials do not reflect this potential.
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- Net cash is negative after subtracting total debt.