Beijing Bewinner Communications Co Ltd (002148) - Net Assets
Based on the latest financial reports, Beijing Bewinner Communications Co Ltd (002148) has net assets worth CN¥1.23 Billion CNY (≈ $180.14 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.38 Billion ≈ $201.90 Million USD) and total liabilities (CN¥148.73 Million ≈ $21.76 Million USD). 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. Check 002148 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.23 Billion |
| % of Total Assets | 89.22% |
| Annual Growth Rate | 13.97% |
| 5-Year Change | 3.78% |
| 10-Year Change | 10.14% |
| Growth Volatility | 48.87 |
Beijing Bewinner Communications Co Ltd - Net Assets Trend (2004–2025)
This chart illustrates how Beijing Bewinner Communications Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002148 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Beijing Bewinner Communications Co Ltd (2004–2025)
The table below shows the annual net assets of Beijing Bewinner Communications Co Ltd from 2004 to 2025. For live valuation and market cap data, see 002148 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.22 Billion ≈ $179.20 Million |
-1.12% |
| 2024-12-31 | CN¥1.24 Billion ≈ $181.22 Million |
+1.15% |
| 2023-12-31 | CN¥1.22 Billion ≈ $179.17 Million |
+2.44% |
| 2022-12-31 | CN¥1.20 Billion ≈ $174.90 Million |
+1.29% |
| 2021-12-31 | CN¥1.18 Billion ≈ $172.67 Million |
+3.67% |
| 2020-12-31 | CN¥1.14 Billion ≈ $166.56 Million |
+1.16% |
| 2019-12-31 | CN¥1.13 Billion ≈ $164.64 Million |
-4.06% |
| 2018-12-31 | CN¥1.17 Billion ≈ $171.61 Million |
-4.02% |
| 2017-12-31 | CN¥1.22 Billion ≈ $178.79 Million |
+9.89% |
| 2016-12-31 | CN¥1.11 Billion ≈ $162.70 Million |
+9.55% |
| 2015-12-31 | CN¥1.01 Billion ≈ $148.52 Million |
-1.69% |
| 2014-12-31 | CN¥1.03 Billion ≈ $151.07 Million |
+90.33% |
| 2013-12-31 | CN¥542.42 Million ≈ $79.37 Million |
+9.15% |
| 2012-12-31 | CN¥496.94 Million ≈ $72.72 Million |
+9.33% |
| 2011-12-31 | CN¥454.51 Million ≈ $66.51 Million |
+6.59% |
| 2010-12-31 | CN¥426.40 Million ≈ $62.40 Million |
+8.74% |
| 2009-12-31 | CN¥392.12 Million ≈ $57.38 Million |
+5.48% |
| 2008-12-31 | CN¥371.74 Million ≈ $54.40 Million |
+7.03% |
| 2007-12-31 | CN¥347.32 Million ≈ $50.82 Million |
+220.78% |
| 2006-12-31 | CN¥108.27 Million ≈ $15.84 Million |
+13.08% |
| 2005-12-31 | CN¥95.75 Million ≈ $14.01 Million |
+21.79% |
| 2004-12-31 | CN¥78.61 Million ≈ $11.50 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 927.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥403.38 Million | 33.14% |
| Other Components | CN¥813.73 Million | 66.86% |
| Total Equity | CN¥1.22 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 |
|---|---|
|
Cementos Bio-B
SN:CEMENTOS
|
$511.20 Million |
|
Fulgent Genetics Inc
NASDAQ:FLGT
|
$511.21 Million |
|
Jiangsu Xiuqiang Glasswork Co
SHE:300160
|
$511.24 Million |
|
Shanghai Karon Eco-Valve Manufacturing Co. Ltd.
SHE:301151
|
$511.68 Million |
|
PVA TePla AG
XETRA:TPE
|
$510.97 Million |
|
Jiangsu Phoenix Property Investment Co Ltd
SHG:600716
|
$510.92 Million |
|
Shanghai Shen Lian Biomedical Corp
SHG:688098
|
$510.77 Million |
|
Akis Gayrimenkul Yatirim Ortakligi AS
IS:AKSGY
|
$510.61 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 2024 to 2025, total equity changed from 1,227,413,385 to 1,217,112,261, a change of -10,301,124 (-0.8%).
- Net loss of 5,610,664 reduced equity.
- Dividend payments of 8,935,633 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-5.61 Million | -0.46% |
| Dividends Paid | CN¥8.94 Million | -0.73% |
| Other Changes | CN¥4.25 Million | +0.35% |
| Total Change | CN¥- | -0.84% |
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: 2.87x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.25x to 2.87x 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¥6.25 | x |
| 2005-12-31 | CN¥0.67 | CN¥6.25 | x |
| 2006-12-31 | CN¥0.63 | CN¥6.25 | x |
| 2007-12-31 | CN¥1.85 | CN¥6.25 | x |
| 2008-12-31 | CN¥1.65 | CN¥6.25 | x |
| 2009-12-31 | CN¥1.73 | CN¥6.25 | x |
| 2010-12-31 | CN¥1.88 | CN¥6.25 | x |
| 2011-12-31 | CN¥1.95 | CN¥6.25 | x |
| 2012-12-31 | CN¥1.00 | CN¥6.25 | x |
| 2013-12-31 | CN¥1.09 | CN¥6.25 | x |
| 2014-12-31 | CN¥1.84 | CN¥6.25 | x |
| 2015-12-31 | CN¥1.68 | CN¥6.25 | x |
| 2016-12-31 | CN¥1.95 | CN¥6.25 | x |
| 2017-12-31 | CN¥2.13 | CN¥6.25 | x |
| 2018-12-31 | CN¥1.93 | CN¥6.25 | x |
| 2019-12-31 | CN¥1.95 | CN¥6.25 | x |
| 2020-12-31 | CN¥2.17 | CN¥6.25 | x |
| 2021-12-31 | CN¥2.11 | CN¥6.25 | x |
| 2022-12-31 | CN¥2.11 | CN¥6.25 | x |
| 2023-12-31 | CN¥2.13 | CN¥6.25 | x |
| 2024-12-31 | CN¥2.34 | CN¥6.25 | x |
| 2025-12-31 | CN¥2.18 | CN¥6.25 | 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): -0.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.47%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 1.12x
- Recent ROE (-0.46%) is below the historical average (8.42%), 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 | -2.56% | -16.45% | 0.14x | 1.12x | CN¥-139.20 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 |
| 2025 | -0.46% | -1.47% | 0.28x | 1.12x | CN¥-127.32 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: $1,214,912,553
- Average return on equity (ROE) among peers: 6.98%
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% | 0.12x | $511.02 Million |
| Net263 Ltd (002467) | $2.02 Billion | 3.39% | 0.17x | $1.04 Billion |
| Runjian Communication Co Ltd Class A (002929) | $946.00 Million | 18.90% | 1.02x | $2.58 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $800.19 Million | -16.68% | 2.76x | $336.52 Million |
| Dingli Communications Corp Ltd (300050) | $2.42 Billion | 1.07% | 0.27x | $537.37 Million |
| Fuchun Technology Co Ltd (300299) | $531.11 Million | 14.13% | 0.92x | $514.15 Million |
| Zhong Fu Tong Co Ltd (300560) | $1.14 Billion | 3.14% | 1.37x | $630.35 Million |
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | $1.13 Billion | 21.95% | 0.08x | $1.39 Billion |
| NOVA Technology Corporation Limited (300921) | $805.10 Million | 9.45% | 0.14x | $598.69 Million |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $1.13 Billion | 7.48% | 0.04x | $1.88 Billion |
About 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.