San Bian Science & Technology Co Ltd
Sanbian Sci Tech Co., Ltd. engages in the production, repair, maintenance, and sale of transformers, motors, reactors, low-voltage complete electrical equipment, and power transmission and transformation equipment in China and internationally. It provides oil-immersed power transformers, resin-insulated and H-class impregnated dry-type transformers, corrosion-resistant petrochemical special trans… Read more
San Bian Science & Technology Co Ltd (002112) - Net Assets
Latest net assets as of September 2025: CN¥870.83 Million CNY
Based on the latest financial reports, San Bian Science & Technology Co Ltd (002112) has net assets worth CN¥870.83 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¥2.30 Billion) and total liabilities (CN¥1.43 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¥870.83 Million |
| % of Total Assets | 37.93% |
| Annual Growth Rate | 8.71% |
| 5-Year Change | 65.16% |
| 10-Year Change | 35.49% |
| Growth Volatility | 25.91 |
San Bian Science & Technology Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how San Bian Science & Technology 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 San Bian Science & Technology Co Ltd (2003–2024)
The table below shows the annual net assets of San Bian Science & Technology Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥656.34 Million | +21.55% |
| 2023-12-31 | CN¥539.99 Million | +19.34% |
| 2022-12-31 | CN¥452.50 Million | +8.49% |
| 2021-12-31 | CN¥417.10 Million | +4.96% |
| 2020-12-31 | CN¥397.40 Million | +4.50% |
| 2019-12-31 | CN¥380.27 Million | -1.10% |
| 2018-12-31 | CN¥384.50 Million | +1.66% |
| 2017-12-31 | CN¥378.22 Million | -25.17% |
| 2016-12-31 | CN¥505.41 Million | +4.34% |
| 2015-12-31 | CN¥484.41 Million | +0.71% |
| 2014-12-31 | CN¥480.99 Million | +4.09% |
| 2013-12-31 | CN¥462.07 Million | +3.89% |
| 2012-12-31 | CN¥444.77 Million | +1.34% |
| 2011-12-31 | CN¥438.90 Million | -7.69% |
| 2010-12-31 | CN¥475.46 Million | +9.09% |
| 2009-12-31 | CN¥435.83 Million | +9.39% |
| 2008-12-31 | CN¥398.42 Million | +4.72% |
| 2007-12-31 | CN¥380.48 Million | +117.82% |
| 2006-12-31 | CN¥174.68 Million | +18.11% |
| 2005-12-31 | CN¥147.89 Million | +20.28% |
| 2004-12-31 | CN¥122.95 Million | +8.28% |
| 2003-12-31 | CN¥113.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to San Bian Science & Technology 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 1729.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥332.44 Million | 50.65% |
| Common Stock | CN¥262.08 Million | 39.93% |
| Other Comprehensive Income | CN¥55.28 Million | 8.42% |
| Other Components | CN¥6.53 Million | 1.00% |
| Total Equity | CN¥656.34 Million | 100.00% |
San Bian Science & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of San Bian Science & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dogan Sirketler Grubu Holding AS
IS:DOHOL
|
$545.61 Million |
|
Jiuzhitang Co Ltd
SHE:000989
|
$545.65 Million |
|
Shenzhen Consys Science & Technology Co. Ltd. A
SHG:688788
|
$545.81 Million |
|
Vitesse Energy Inc
NYSE:VTS
|
$545.82 Million |
|
Draper Esprit plc
PINK:GRWXF
|
$545.34 Million |
|
ZhuZhou QianJin Pharmaceutical Co Ltd
SHG:600479
|
$545.18 Million |
|
5R02
F:5R02
|
$545.09 Million |
|
Sun TV Network Limited
NSE:SUNTV
|
$545.02 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in San Bian Science & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 539,992,207 to 656,338,886, a change of 116,346,679 (21.5%).
- Net income of 120,771,220 contributed positively to equity growth.
- Dividend payments of 38,746,281 reduced retained earnings.
- Other comprehensive income increased equity by 55,284,006.
- Other factors decreased equity by 20,962,266.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥120.77 Million | +18.4% |
| Dividends Paid | CN¥38.75 Million | -5.9% |
| Other Comprehensive Income | CN¥55.28 Million | +8.42% |
| Other Changes | CN¥-20.96 Million | -3.19% |
| Total Change | CN¥- | 21.55% |
Book Value vs Market Value Analysis
This analysis compares San Bian Science & Technology 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: 9.86x
- 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 32.85x to 9.86x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.75 | CN¥24.69 | x |
| 2004-12-31 | CN¥0.81 | CN¥24.69 | x |
| 2005-12-31 | CN¥0.98 | CN¥24.69 | x |
| 2006-12-31 | CN¥0.90 | CN¥24.69 | x |
| 2007-12-31 | CN¥1.53 | CN¥24.69 | x |
| 2008-12-31 | CN¥1.52 | CN¥24.69 | x |
| 2009-12-31 | CN¥1.68 | CN¥24.69 | x |
| 2010-12-31 | CN¥1.80 | CN¥24.69 | x |
| 2011-12-31 | CN¥1.70 | CN¥24.69 | x |
| 2012-12-31 | CN¥1.75 | CN¥24.69 | x |
| 2013-12-31 | CN¥1.82 | CN¥24.69 | x |
| 2014-12-31 | CN¥1.76 | CN¥24.69 | x |
| 2015-12-31 | CN¥1.93 | CN¥24.69 | x |
| 2016-12-31 | CN¥2.22 | CN¥24.69 | x |
| 2017-12-31 | CN¥1.45 | CN¥24.69 | x |
| 2018-12-31 | CN¥1.41 | CN¥24.69 | x |
| 2019-12-31 | CN¥1.45 | CN¥24.69 | x |
| 2020-12-31 | CN¥1.52 | CN¥24.69 | x |
| 2021-12-31 | CN¥1.59 | CN¥24.69 | x |
| 2022-12-31 | CN¥1.73 | CN¥24.69 | x |
| 2023-12-31 | CN¥2.05 | CN¥24.69 | x |
| 2024-12-31 | CN¥2.50 | CN¥24.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently San Bian Science & Technology 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): 18.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.55%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 3.28x
- Recent ROE (18.40%) is above the historical average (6.11%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 18.71% | 5.52% | 1.07x | 3.17x | CN¥9.89 Million |
| 2004 | 19.80% | 5.04% | 1.19x | 3.30x | CN¥12.05 Million |
| 2005 | 16.65% | 3.72% | 1.27x | 3.53x | CN¥9.84 Million |
| 2006 | 15.02% | 3.50% | 1.33x | 3.23x | CN¥8.77 Million |
| 2007 | 6.96% | 2.79% | 1.12x | 2.23x | CN¥-11.57 Million |
| 2008 | 5.91% | 2.14% | 0.96x | 2.87x | CN¥-16.30 Million |
| 2009 | 9.13% | 3.65% | 0.89x | 2.81x | CN¥-3.78 Million |
| 2010 | 9.28% | 5.05% | 0.71x | 2.57x | CN¥-3.43 Million |
| 2011 | -7.31% | -3.11% | 0.90x | 2.60x | CN¥-75.98 Million |
| 2012 | 1.32% | 0.70% | 0.80x | 2.35x | CN¥-38.60 Million |
| 2013 | 4.23% | 2.12% | 0.85x | 2.34x | CN¥-26.67 Million |
| 2014 | 3.50% | 1.81% | 0.71x | 2.73x | CN¥-30.97 Million |
| 2015 | 1.99% | 1.04% | 0.65x | 2.96x | CN¥-38.78 Million |
| 2016 | 1.04% | 1.08% | 0.39x | 2.43x | CN¥-45.29 Million |
| 2017 | -32.93% | -23.23% | 0.46x | 3.09x | CN¥-162.35 Million |
| 2018 | 1.63% | 1.10% | 0.57x | 2.61x | CN¥-32.16 Million |
| 2019 | 2.63% | 1.41% | 0.68x | 2.74x | CN¥-28.01 Million |
| 2020 | 7.98% | 3.14% | 0.91x | 2.80x | CN¥-8.02 Million |
| 2021 | 4.45% | 1.80% | 0.82x | 3.02x | CN¥-23.15 Million |
| 2022 | 9.43% | 3.27% | 0.82x | 3.51x | CN¥-2.57 Million |
| 2023 | 16.55% | 5.19% | 0.84x | 3.79x | CN¥35.39 Million |
| 2024 | 18.40% | 5.55% | 1.01x | 3.28x | CN¥55.14 Million |
Industry Comparison
This section compares San Bian Science & Technology Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,490,120,016
- Average return on equity (ROE) among peers: 6.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| San Bian Science & Technology Co Ltd (002112) | CN¥870.83 Million | 18.71% | 1.64x | $545.59 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $211.82 Million | 1.39% | 1.89x | $782.09 Million |
| Shenzhen Huakong Seg Co Ltd (000068) | $195.81 Million | -19.00% | 2.02x | $284.42 Million |
| CPT Technology Group Co Ltd (000536) | $3.99 Billion | 6.25% | 1.61x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $2.20 Billion | 3.33% | 0.49x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $528.33 Million | 0.00% | 0.70x | $319.83 Million |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $2.59 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.37 Billion | 6.78% | 0.23x | $1.44 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $237.19 Million | 23.82% | 1.84x | $194.36 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $1.00 Billion | -0.96% | 0.17x | $154.24 Million |
| Shenzhen CECport Technologies Co. Ltd. A (001287) | $2.41 Billion | 13.96% | 7.42x | $1.01 Billion |