Beijing Bewinner Communications Co Ltd
Beijing Bewinner Communications Co., Ltd. operates as a mobile Internet products and services provider in China. The company offers mobile game, virtual operator, and mobile internet industry services. It also engages in the Internet of things and mobile resale businesses. The company was founded in 1997 and is headquartered in Beijing, China.
Beijing Bewinner Communications Co Ltd (002148) - Net Assets
Latest net assets as of September 2025: CN¥1.23 Billion CNY
Based on the latest financial reports, Beijing Bewinner Communications Co Ltd (002148) has net assets worth CN¥1.23 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¥1.41 Billion) and total liabilities (CN¥181.57 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¥1.23 Billion |
| % of Total Assets | 87.15% |
| Annual Growth Rate | 14.78% |
| 5-Year Change | 8.8% |
| 10-Year Change | 22.02% |
| Growth Volatility | 49.85 |
Beijing Bewinner Communications Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Beijing Bewinner Communications 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 Beijing Bewinner Communications Co Ltd (2004–2024)
The table below shows the annual net assets of Beijing Bewinner Communications Co Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.24 Billion | +1.15% |
| 2023-12-31 | CN¥1.22 Billion | +2.44% |
| 2022-12-31 | CN¥1.20 Billion | +1.29% |
| 2021-12-31 | CN¥1.18 Billion | +3.67% |
| 2020-12-31 | CN¥1.14 Billion | +1.16% |
| 2019-12-31 | CN¥1.13 Billion | -4.06% |
| 2018-12-31 | CN¥1.17 Billion | -4.02% |
| 2017-12-31 | CN¥1.22 Billion | +9.89% |
| 2016-12-31 | CN¥1.11 Billion | +9.55% |
| 2015-12-31 | CN¥1.01 Billion | -1.69% |
| 2014-12-31 | CN¥1.03 Billion | +90.33% |
| 2013-12-31 | CN¥542.42 Million | +9.15% |
| 2012-12-31 | CN¥496.94 Million | +9.33% |
| 2011-12-31 | CN¥454.51 Million | +6.59% |
| 2010-12-31 | CN¥426.40 Million | +8.74% |
| 2009-12-31 | CN¥392.12 Million | +5.48% |
| 2008-12-31 | CN¥371.74 Million | +7.03% |
| 2007-12-31 | CN¥347.32 Million | +220.78% |
| 2006-12-31 | CN¥108.27 Million | +13.08% |
| 2005-12-31 | CN¥95.75 Million | +21.79% |
| 2004-12-31 | CN¥78.61 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Beijing Bewinner Communications 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 965.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥418.40 Million | 34.09% |
| Common Stock | CN¥561.00 Million | 45.71% |
| Other Components | CN¥248.01 Million | 20.21% |
| Total Equity | CN¥1.23 Billion | 100.00% |
Beijing Bewinner Communications Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing Bewinner Communications Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huayi Compressor Co Ltd
SHE:000404
|
$437.73 Million |
|
ASP Isotopes Inc. Common Stock
NASDAQ:ASPI
|
$437.78 Million |
|
Surgical Science Sweden AB (publ)
PINK:SUSRF
|
$437.81 Million |
|
HALOSOURCE REG S
F:48H
|
$437.97 Million |
|
Cachet Pharmaceutical Co Ltd
SHE:002462
|
$437.62 Million |
|
GRNVLT EN.REN.
F:000
|
$437.62 Million |
|
Property For Industry Ltd.
PINK:PYIYF
|
$437.61 Million |
|
Tanac Automation Co Ltd
SHE:300461
|
$437.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Bewinner Communications Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,218,099,286 to 1,227,413,385, a change of 9,314,099 (0.8%).
- Net income of 26,185,805 contributed positively to equity growth.
- Dividend payments of 8,326,667 reduced retained earnings.
- Share repurchases of 15,002,784 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥26.19 Million | +2.13% |
| Dividends Paid | CN¥8.33 Million | -0.68% |
| Share Repurchases | CN¥15.00 Million | -1.22% |
| Other Changes | CN¥6.46 Million | +0.53% |
| Total Change | CN¥- | 0.76% |
Book Value vs Market Value Analysis
This analysis compares Beijing Bewinner Communications 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: 3.58x
- 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 14.22x to 3.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.56 | CN¥7.90 | x |
| 2005-12-31 | CN¥0.67 | CN¥7.90 | x |
| 2006-12-31 | CN¥0.63 | CN¥7.90 | x |
| 2007-12-31 | CN¥1.85 | CN¥7.90 | x |
| 2008-12-31 | CN¥1.65 | CN¥7.90 | x |
| 2009-12-31 | CN¥1.73 | CN¥7.90 | x |
| 2010-12-31 | CN¥1.88 | CN¥7.90 | x |
| 2011-12-31 | CN¥1.95 | CN¥7.90 | x |
| 2012-12-31 | CN¥2.17 | CN¥7.90 | x |
| 2013-12-31 | CN¥2.41 | CN¥7.90 | x |
| 2014-12-31 | CN¥4.04 | CN¥7.90 | x |
| 2015-12-31 | CN¥3.70 | CN¥7.90 | x |
| 2016-12-31 | CN¥4.29 | CN¥7.90 | x |
| 2017-12-31 | CN¥2.13 | CN¥7.90 | x |
| 2018-12-31 | CN¥1.93 | CN¥7.90 | x |
| 2019-12-31 | CN¥2.00 | CN¥7.90 | x |
| 2020-12-31 | CN¥2.03 | CN¥7.90 | x |
| 2021-12-31 | CN¥2.12 | CN¥7.90 | x |
| 2022-12-31 | CN¥2.15 | CN¥7.90 | x |
| 2023-12-31 | CN¥2.13 | CN¥7.90 | x |
| 2024-12-31 | CN¥2.20 | CN¥7.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Bewinner Communications 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): 2.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.30%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 1.13x
- Recent ROE (2.13%) is below the historical average (8.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 34.41% | 35.75% | 0.80x | 1.20x | CN¥19.18 Million |
| 2005 | 31.02% | 31.60% | 0.92x | 1.07x | CN¥20.11 Million |
| 2006 | 29.09% | 27.68% | 0.85x | 1.24x | CN¥20.67 Million |
| 2007 | 9.18% | 29.77% | 0.30x | 1.03x | CN¥-2.84 Million |
| 2008 | 9.28% | 23.78% | 0.38x | 1.02x | CN¥-2.68 Million |
| 2009 | 9.05% | 21.61% | 0.41x | 1.02x | CN¥-3.71 Million |
| 2010 | 11.17% | 21.09% | 0.52x | 1.03x | CN¥4.99 Million |
| 2011 | 2.57% | 4.89% | 0.51x | 1.02x | CN¥-33.79 Million |
| 2012 | 9.22% | 20.36% | 0.44x | 1.03x | CN¥-3.86 Million |
| 2013 | 10.39% | 20.02% | 0.49x | 1.07x | CN¥2.12 Million |
| 2014 | 1.49% | 6.70% | 0.20x | 1.12x | CN¥-87.44 Million |
| 2015 | -1.89% | -9.86% | 0.17x | 1.10x | CN¥-120.13 Million |
| 2016 | 7.22% | 19.99% | 0.32x | 1.12x | CN¥-30.31 Million |
| 2017 | 10.80% | 22.76% | 0.42x | 1.13x | CN¥9.55 Million |
| 2018 | 3.62% | 17.92% | 0.18x | 1.11x | CN¥-73.52 Million |
| 2019 | -2.91% | -18.68% | 0.14x | 1.12x | CN¥-143.04 Million |
| 2020 | 1.38% | 9.61% | 0.13x | 1.11x | CN¥-96.84 Million |
| 2021 | 4.74% | 25.62% | 0.17x | 1.10x | CN¥-61.96 Million |
| 2022 | 1.42% | 7.26% | 0.18x | 1.10x | CN¥-102.57 Million |
| 2023 | 1.88% | 8.62% | 0.20x | 1.11x | CN¥-98.93 Million |
| 2024 | 2.13% | 9.30% | 0.20x | 1.13x | CN¥-96.56 Million |
Industry Comparison
This section compares Beijing Bewinner Communications Co Ltd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,485,098,015
- Average return on equity (ROE) among peers: 9.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Bewinner Communications Co Ltd (002148) | CN¥1.23 Billion | 34.41% | 0.15x | $437.69 Million |
| Net263 Ltd (002467) | $1.05 Billion | 6.60% | 0.09x | $1.15 Billion |
| Runjian Communication Co Ltd Class A (002929) | $5.98 Billion | 7.34% | 1.48x | $1.04 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $673.56 Million | 2.07% | 0.39x | $332.87 Million |
| Dingli Communications Corp Ltd (300050) | $219.84 Million | 50.65% | 0.36x | $380.27 Million |
| Fuchun Technology Co Ltd (300299) | $531.11 Million | 14.13% | 0.92x | $421.56 Million |
| Zhong Fu Tong Co Ltd (300560) | $230.82 Million | 0.00% | 0.55x | $288.57 Million |
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | $1.67 Billion | -2.99% | 0.22x | $1.46 Billion |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $1.17 Billion | 4.30% | 0.15x | $530.67 Million |
| Wintao Communications Co. Ltd (301139) | $1.85 Billion | 6.79% | 0.51x | $169.25 Million |