Bus Online Co Ltd
Zhongtian Service Co., Ltd., together with its subsidiaries, provides property management services in China. It offers its services to residential communities, buildings, villas, office buildings, and community commercial properties. The company was formerly known as Bus Online Co., Ltd. and changed its name to Zhongtian Service Co., Ltd. in August 2022. Zhongtian Service Co., Ltd. was founded in… Read more
Bus Online Co Ltd (002188) - Net Assets
Latest net assets as of September 2025: CN¥324.53 Million CNY
Based on the latest financial reports, Bus Online Co Ltd (002188) has net assets worth CN¥324.53 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¥521.17 Million) and total liabilities (CN¥196.63 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¥324.53 Million |
| % of Total Assets | 62.27% |
| Annual Growth Rate | 7.78% |
| 5-Year Change | N/A |
| 10-Year Change | -84.88% |
| Growth Volatility | 1334.14 |
Bus Online Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Bus Online 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 Bus Online Co Ltd (2004–2024)
The table below shows the annual net assets of Bus Online Co Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥302.15 Million | +128.24% |
| 2023-12-31 | CN¥132.39 Million | +17.82% |
| 2022-12-31 | CN¥112.36 Million | +113.60% |
| 2021-12-31 | CN¥52.61 Million | +126.36% |
| 2020-12-31 | CN¥-199.53 Million | -1698.70% |
| 2019-12-31 | CN¥12.48 Million | +101.98% |
| 2018-12-31 | CN¥-630.04 Million | -5565.02% |
| 2017-12-31 | CN¥11.53 Million | -99.45% |
| 2016-12-31 | CN¥2.09 Billion | +4.67% |
| 2015-12-31 | CN¥2.00 Billion | +560.41% |
| 2014-12-31 | CN¥302.61 Million | -6.57% |
| 2013-12-31 | CN¥323.90 Million | +1.05% |
| 2012-12-31 | CN¥320.55 Million | -4.61% |
| 2011-12-31 | CN¥336.05 Million | -1.05% |
| 2010-12-31 | CN¥339.60 Million | -4.39% |
| 2009-12-31 | CN¥355.18 Million | +8.37% |
| 2008-12-31 | CN¥327.74 Million | +1.72% |
| 2007-12-31 | CN¥322.20 Million | +182.84% |
| 2006-12-31 | CN¥113.92 Million | +37.15% |
| 2005-12-31 | CN¥83.06 Million | +23.08% |
| 2004-12-31 | CN¥67.49 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bus Online 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 decreased by 6927.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥327.10 Million | 108.36% |
| Other Comprehensive Income | CN¥9.28 Million | 3.08% |
| Other Components | CN¥1.86 Billion | 616.86% |
| Total Equity | CN¥301.87 Million | 100.00% |
Bus Online Co Ltd Competitors by Market Cap
The table below lists competitors of Bus Online Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shattuck Labs Inc
NASDAQ:STTK
|
$193.29 Million |
|
Bleichroeder Acquisition Corp. I Class A Ordinary Shares
NASDAQ:BACQ
|
$193.32 Million |
|
Plaza Retail REIT
PINK:PAZRF
|
$193.32 Million |
|
China Chippacking Technology Co. Ltd. A
SHG:688216
|
$193.34 Million |
|
Koatsu Gas Kogyo Co. Ltd
PINK:KTSUF
|
$193.28 Million |
|
Huasi Agricultural Development Co Ltd
SHE:002494
|
$193.25 Million |
|
Tongqinglou Dining Co Ltd
SHG:605108
|
$193.25 Million |
|
Backblaze Inc
NASDAQ:BLZE
|
$193.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bus Online Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 131,973,243 to 301,868,314, a change of 169,895,071 (128.7%).
- Net income of 7,080,204 contributed positively to equity growth.
- Other factors increased equity by 162,814,867.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥7.08 Million | +2.35% |
| Other Changes | CN¥162.81 Million | +53.94% |
| Total Change | CN¥- | 128.73% |
Book Value vs Market Value Analysis
This analysis compares Bus Online 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: 7.65x
- 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 34.66x to 7.65x 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¥0.20 | CN¥7.06 | x |
| 2005-12-31 | CN¥0.25 | CN¥7.06 | x |
| 2006-12-31 | CN¥0.88 | CN¥7.06 | x |
| 2007-12-31 | CN¥2.58 | CN¥7.06 | x |
| 2008-12-31 | CN¥1.98 | CN¥7.06 | x |
| 2009-12-31 | CN¥2.09 | CN¥7.06 | x |
| 2010-12-31 | CN¥2.13 | CN¥7.06 | x |
| 2011-12-31 | CN¥2.94 | CN¥7.06 | x |
| 2012-12-31 | CN¥2.16 | CN¥7.06 | x |
| 2013-12-31 | CN¥2.04 | CN¥7.06 | x |
| 2014-12-31 | CN¥1.97 | CN¥7.06 | x |
| 2015-12-31 | CN¥11.03 | CN¥7.06 | x |
| 2016-12-31 | CN¥6.92 | CN¥7.06 | x |
| 2017-12-31 | CN¥0.04 | CN¥7.06 | x |
| 2018-12-31 | CN¥-2.13 | CN¥7.06 | x |
| 2019-12-31 | CN¥0.04 | CN¥7.06 | x |
| 2020-12-31 | CN¥-0.39 | CN¥7.06 | x |
| 2021-12-31 | CN¥0.18 | CN¥7.06 | x |
| 2022-12-31 | CN¥0.39 | CN¥7.06 | x |
| 2023-12-31 | CN¥0.45 | CN¥7.06 | x |
| 2024-12-31 | CN¥0.92 | CN¥7.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bus Online 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): 2.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.95%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.65x
- Recent ROE (2.35%) is above the historical average (-700.22%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 27.07% | 9.01% | 0.92x | 3.26x | CN¥10.17 Million |
| 2005 | 26.64% | 10.41% | 0.83x | 3.10x | CN¥12.38 Million |
| 2006 | 27.31% | 9.70% | 1.00x | 2.82x | CN¥17.78 Million |
| 2007 | 7.76% | 8.46% | 0.60x | 1.53x | CN¥-6.95 Million |
| 2008 | 4.26% | 5.55% | 0.51x | 1.52x | CN¥-17.81 Million |
| 2009 | 5.09% | 5.97% | 0.55x | 1.54x | CN¥-16.12 Million |
| 2010 | 1.41% | 1.24% | 0.79x | 1.44x | CN¥-27.60 Million |
| 2011 | 0.63% | 0.60% | 0.82x | 1.28x | CN¥-30.18 Million |
| 2012 | -2.78% | -3.91% | 0.61x | 1.17x | CN¥-40.05 Million |
| 2013 | 2.45% | 4.90% | 0.45x | 1.11x | CN¥-24.25 Million |
| 2014 | -6.61% | -17.20% | 0.35x | 1.11x | CN¥-50.03 Million |
| 2015 | 0.54% | 5.95% | 0.08x | 1.12x | CN¥-188.86 Million |
| 2016 | 4.48% | 14.23% | 0.28x | 1.13x | CN¥-115.49 Million |
| 2017 | -19297.79% | -344.25% | 0.82x | 68.09x | CN¥-2.03 Billion |
| 2018 | 0.00% | -444.36% | 0.81x | 0.00x | CN¥-577.85 Million |
| 2019 | 4133.01% | 2424.69% | 0.19x | 8.78x | CN¥514.58 Million |
| 2020 | 0.00% | -66.16% | 2.87x | 0.00x | CN¥-100.01 Million |
| 2021 | 289.69% | 54.54% | 0.94x | 5.63x | CN¥144.26 Million |
| 2022 | 54.49% | 20.12% | 1.22x | 2.22x | CN¥50.31 Million |
| 2023 | 15.32% | 5.95% | 1.05x | 2.44x | CN¥7.02 Million |
| 2024 | 2.35% | 1.95% | 0.73x | 1.65x | CN¥-23.11 Million |
Industry Comparison
This section compares Bus Online Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,458,681,364
- Average return on equity (ROE) among peers: -4.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bus Online Co Ltd (002188) | CN¥324.53 Million | 27.07% | 0.61x | $193.28 Million |
| Addsino Co Ltd (000547) | $1.77 Billion | 1.02% | 0.25x | $3.67 Billion |
| Sichuan Huiyuan Optical Com (000586) | $329.93 Million | -2.83% | 0.71x | $241.69 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.59 Billion | 5.22% | 1.90x | $346.82 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $1.55 Billion | 12.92% | 0.93x | $1.06 Billion |
| Skyworth Digital Co Ltd (000810) | $140.56 Million | 7.13% | 1.37x | $683.09 Million |
| Gohigh Data Networks Technology Co Ltd (000851) | $336.07 Million | -18.04% | 0.44x | $51.64 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $231.11 Million | -66.53% | 2.00x | $840.89 Million |
| Sunwave Communications Co Ltd (002115) | $2.18 Billion | -12.45% | 0.73x | $1.17 Billion |
| Invengo Information Technology Co Ltd (002161) | $2.00 Billion | 37.19% | 0.32x | $638.43 Million |