Zhejiang Bofay Elec Co Ltd
Zhejiang Bofay Electric Co., Ltd. engages in the research, development, production, and sale of polymer composite materials in China and internationally. The company's products include insulation resin series, slot wedges and laminates, insulation binding wire, tape, rope; mica composite insulating material, and other electrical materials. Its insulating materials are used for applications in win… Read more
Zhejiang Bofay Elec Co Ltd (001255) - Net Assets
Latest net assets as of September 2025: CN¥738.13 Million CNY
Based on the latest financial reports, Zhejiang Bofay Elec Co Ltd (001255) has net assets worth CN¥738.13 Million 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¥1.40 Billion) and total liabilities (CN¥665.11 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¥738.13 Million |
| % of Total Assets | 52.6% |
| Annual Growth Rate | 38.0% |
| 5-Year Change | 152.97% |
| 10-Year Change | N/A |
| Growth Volatility | 43.45 |
Zhejiang Bofay Elec Co Ltd - Net Assets Trend (2018–2024)
This chart illustrates how Zhejiang Bofay Elec 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 Zhejiang Bofay Elec Co Ltd (2018–2024)
The table below shows the annual net assets of Zhejiang Bofay Elec Co Ltd from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥742.80 Million | -2.79% |
| 2023-12-31 | CN¥764.11 Million | -1.92% |
| 2022-12-31 | CN¥779.11 Million | +107.36% |
| 2021-12-31 | CN¥375.73 Million | +27.96% |
| 2020-12-31 | CN¥293.63 Million | +96.28% |
| 2019-12-31 | CN¥149.60 Million | +39.17% |
| 2018-12-31 | CN¥107.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Bofay Elec 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 1567.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥261.74 Million | 36.10% |
| Common Stock | CN¥80.00 Million | 11.03% |
| Other Comprehensive Income | CN¥33.50 Million | 4.62% |
| Other Components | CN¥349.78 Million | 48.24% |
| Total Equity | CN¥725.02 Million | 100.00% |
Zhejiang Bofay Elec Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Bofay Elec Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IFE Elevators Co Ltd
SHE:002774
|
$169.51 Million |
|
GigCapital7 Corp.
NASDAQ:GIGGU
|
$169.54 Million |
|
Metro Mining Limited
PINK:MMILF
|
$169.56 Million |
|
Nano X Imaging Ltd
NASDAQ:NNOX
|
$169.56 Million |
|
Changzhou Evergreen Technology Co. Ltd. A
SHE:001324
|
$169.48 Million |
|
Kowloon Development Company Limited
F:KOX
|
$169.46 Million |
|
Profound Medical Corp
NASDAQ:PROF
|
$169.46 Million |
|
Quest Holdings S.A
AT:QUEST
|
$169.40 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Bofay Elec Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 748,866,776 to 725,019,765, a change of -23,847,011 (-3.2%).
- Net income of 13,237,691 contributed positively to equity growth.
- Dividend payments of 8,983,909 reduced retained earnings.
- Share repurchases of 29,620,432 reduced equity.
- Other comprehensive income increased equity by 524,167.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥13.24 Million | +1.83% |
| Dividends Paid | CN¥8.98 Million | -1.24% |
| Share Repurchases | CN¥29.62 Million | -4.09% |
| Other Comprehensive Income | CN¥524.17K | +0.07% |
| Other Changes | CN¥995.47K | +0.14% |
| Total Change | CN¥- | -3.18% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Bofay Elec 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: 4.25x
- 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 29.46x to 4.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CN¥1.34 | CN¥39.59 | x |
| 2019-12-31 | CN¥1.87 | CN¥39.59 | x |
| 2020-12-31 | CN¥3.19 | CN¥39.59 | x |
| 2021-12-31 | CN¥4.15 | CN¥39.59 | x |
| 2022-12-31 | CN¥9.18 | CN¥39.59 | x |
| 2023-12-31 | CN¥9.31 | CN¥39.59 | x |
| 2024-12-31 | CN¥9.31 | CN¥39.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Bofay Elec 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): 1.83%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.88%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.65x
- Recent ROE (1.83%) is below the historical average (16.37%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 17.36% | 14.53% | 0.55x | 2.19x | CN¥7.91 Million |
| 2019 | 24.50% | 18.81% | 0.57x | 2.29x | CN¥21.70 Million |
| 2020 | 34.18% | 26.78% | 0.64x | 1.99x | CN¥61.72 Million |
| 2021 | 22.90% | 19.92% | 0.57x | 2.03x | CN¥42.82 Million |
| 2022 | 9.44% | 19.60% | 0.35x | 1.36x | CN¥-4.10 Million |
| 2023 | 4.41% | 10.59% | 0.33x | 1.24x | CN¥-41.90 Million |
| 2024 | 1.83% | 3.88% | 0.29x | 1.65x | CN¥-59.26 Million |
Industry Comparison
This section compares Zhejiang Bofay Elec Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,889,865,267
- Average return on equity (ROE) among peers: -21.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Bofay Elec Co Ltd (001255) | CN¥738.13 Million | 17.36% | 0.90x | $169.49 Million |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |