Beijing Join-Cheer Software Co Ltd (002279) - Net Assets

Latest as of September 2025: CN¥1.43 Billion CNY ≈ $208.57 Million USD

Based on the latest financial reports, Beijing Join-Cheer Software Co Ltd (002279) has net assets worth CN¥1.43 Billion CNY (≈ $208.57 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.23 Billion ≈ $325.81 Million USD) and total liabilities (CN¥801.16 Million ≈ $117.23 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 002279 financial resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.43 Billion
% of Total Assets	64.02%
Annual Growth Rate	16.09%
5-Year Change	28.21%
10-Year Change	-27.11%
Growth Volatility	65.62

Beijing Join-Cheer Software Co Ltd - Net Assets Trend (2005–2024)

This chart illustrates how Beijing Join-Cheer Software Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Beijing Join-Cheer Software Co Ltd's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Beijing Join-Cheer Software Co Ltd (2005–2024)

The table below shows the annual net assets of Beijing Join-Cheer Software Co Ltd from 2005 to 2024. For live valuation and market cap data, see Beijing Join-Cheer Software Co Ltd (002279) market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥1.44 Billion ≈ $210.92 Million	-14.92%
2023-12-31	CN¥1.69 Billion ≈ $247.91 Million	-7.37%
2022-12-31	CN¥1.83 Billion ≈ $267.64 Million	+87.23%
2021-12-31	CN¥976.89 Million ≈ $142.95 Million	-13.10%
2020-12-31	CN¥1.12 Billion ≈ $164.50 Million	-5.86%
2019-12-31	CN¥1.19 Billion ≈ $174.74 Million	+2.36%
2018-12-31	CN¥1.17 Billion ≈ $170.71 Million	-57.79%
2017-12-31	CN¥2.76 Billion ≈ $404.44 Million	+26.57%
2016-12-31	CN¥2.18 Billion ≈ $319.53 Million	+10.43%
2015-12-31	CN¥1.98 Billion ≈ $289.34 Million	+160.46%
2014-12-31	CN¥759.15 Million ≈ $111.09 Million	+6.95%
2013-12-31	CN¥709.85 Million ≈ $103.87 Million	+6.21%
2012-12-31	CN¥668.31 Million ≈ $97.80 Million	+1.44%
2011-12-31	CN¥658.83 Million ≈ $96.41 Million	+5.20%
2010-12-31	CN¥626.29 Million ≈ $91.65 Million	+2.50%
2009-12-31	CN¥611.00 Million ≈ $89.41 Million	+235.63%
2008-12-31	CN¥182.05 Million ≈ $26.64 Million	+36.64%
2007-12-31	CN¥133.23 Million ≈ $19.50 Million	+42.55%
2006-12-31	CN¥93.46 Million ≈ $13.68 Million	+10.41%
2005-12-31	CN¥84.65 Million ≈ $12.39 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Beijing Join-Cheer Software 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 1760.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥864.65 Million	61.45%
Other Components	CN¥1.02 Billion	72.36%
Total Equity	CN¥1.41 Billion	100.00%

Beijing Join-Cheer Software Co Ltd Competitors by Market Cap

The table below lists competitors of Beijing Join-Cheer Software Co Ltd ranked by their market capitalization.

Company	Market Cap
Fortrea Holdings Inc. NASDAQ:FTRE	$948.95 Million
Hainan Haiyao Co Ltd SHE:000566	$949.23 Million
Kayne Anderson BDC, Inc. NYSE:KBDC	$949.33 Million
Nanfang Ventilator Co Ltd SHE:300004	$949.62 Million
Panca Anugrah Wisesa Tbk PT JK:MGLV	$948.76 Million
AMAG Austria Metall AG VI:AMAG	$948.60 Million
Suzhou Kingswood Printing Ink Co Ltd SHE:300192	$948.35 Million
Systex Corp TW:6214	$948.31 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Beijing Join-Cheer Software Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,631,544,945 to 1,407,167,296, a change of -224,377,649 (-13.8%).
Net loss of 155,561,037 reduced equity.
Dividend payments of 1,555 reduced retained earnings.
Share repurchases of 129,410,669 reduced equity.
Other factors increased equity by 60,595,612.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-155.56 Million	-11.05%
Dividends Paid	CN¥1.55K	-0.0%
Share Repurchases	CN¥129.41 Million	-9.2%
Other Changes	CN¥60.60 Million	+4.31%
Total Change	CN¥-	-13.75%

Book Value vs Market Value Analysis

This analysis compares Beijing Join-Cheer Software 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: 4.62x
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 29.72x to 4.62x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-12-31	CN¥0.25	CN¥7.52	x
2006-12-31	CN¥0.27	CN¥7.52	x
2007-12-31	CN¥0.40	CN¥7.52	x
2008-12-31	CN¥0.55	CN¥7.52	x
2009-12-31	CN¥1.66	CN¥7.52	x
2010-12-31	CN¥1.42	CN¥7.52	x
2011-12-31	CN¥1.50	CN¥7.52	x
2012-12-31	CN¥1.52	CN¥7.52	x
2013-12-31	CN¥1.61	CN¥7.52	x
2014-12-31	CN¥1.71	CN¥7.52	x
2015-12-31	CN¥3.98	CN¥7.52	x
2016-12-31	CN¥3.07	CN¥7.52	x
2017-12-31	CN¥3.71	CN¥7.52	x
2018-12-31	CN¥1.60	CN¥7.52	x
2019-12-31	CN¥1.63	CN¥7.52	x
2020-12-31	CN¥1.48	CN¥7.52	x
2021-12-31	CN¥1.29	CN¥7.52	x
2022-12-31	CN¥2.42	CN¥7.52	x
2023-12-31	CN¥1.88	CN¥7.52	x
2024-12-31	CN¥1.63	CN¥7.52	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Beijing Join-Cheer Software 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): -11.05%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.85%
• Asset Turnover: 1.60x
• Equity Multiplier: 1.79x
Recent ROE (-11.05%) is below the historical average (4.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	17.06%	28.58%	0.47x	1.26x	CN¥5.89 Million
2006	31.96%	37.25%	0.46x	1.87x	CN¥19.84 Million
2007	31.51%	32.62%	0.70x	1.38x	CN¥28.44 Million
2008	26.87%	37.31%	0.58x	1.25x	CN¥30.50 Million
2009	6.80%	33.68%	0.20x	1.03x	CN¥-19.50 Million
2010	7.40%	24.48%	0.29x	1.06x	CN¥-16.24 Million
2011	9.34%	25.45%	0.35x	1.05x	CN¥-4.36 Million
2012	2.93%	7.90%	0.35x	1.06x	CN¥-47.16 Million
2013	8.39%	20.53%	0.38x	1.08x	CN¥-11.44 Million
2014	9.69%	22.25%	0.40x	1.10x	CN¥-2.30 Million
2015	6.87%	18.83%	0.29x	1.27x	CN¥-61.58 Million
2016	10.10%	16.55%	0.47x	1.29x	CN¥2.23 Million
2017	11.74%	15.41%	0.42x	1.80x	CN¥45.54 Million
2018	-74.21%	-30.93%	0.83x	2.89x	CN¥-954.85 Million
2019	4.50%	1.69%	1.02x	2.61x	CN¥-63.98 Million
2020	6.80%	2.54%	1.06x	2.53x	CN¥-33.72 Million
2021	-14.43%	-4.88%	1.03x	2.87x	CN¥-223.69 Million
2022	2.96%	1.79%	1.05x	1.58x	CN¥-123.42 Million
2023	-8.72%	-4.17%	1.15x	1.81x	CN¥-305.36 Million
2024	-11.05%	-3.85%	1.60x	1.79x	CN¥-296.28 Million

Industry Comparison

This section compares Beijing Join-Cheer Software Co Ltd's net assets metrics with peer companies in the Software - Application industry.

Industry Context

Industry: Software - Application
Average net assets among peers: $3,951,687,202
Average return on equity (ROE) among peers: -0.29%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Beijing Join-Cheer Software Co Ltd (002279)	CN¥1.43 Billion	17.06%	0.56x	$948.78 Million
Digital China Information Service Co Ltd (000555)	$54.46 Million	-79.56%	3.15x	$1.96 Billion
Fujian Newland Computer Co Ltd (000997)	$2.53 Billion	18.26%	1.48x	$2.95 Billion
YGSOFT Inc (002063)	$2.77 Billion	9.50%	0.13x	$1.76 Billion
Dhc Software Co Ltd (002065)	$2.27 Billion	18.56%	0.48x	$3.86 Billion
Zhejiang Netsun Co Ltd (002095)	$494.50 Million	6.66%	0.20x	$597.98 Million
Montnets Cloud Technology Group Co Ltd (002123)	$2.29 Billion	3.31%	0.92x	$1.12 Billion
Beijing Shiji Information Technology Co Ltd (002153)	$905.80 Million	23.61%	0.18x	$4.03 Billion
Shanghai 2345 Network Holding Group (002195)	$9.15 Billion	-9.99%	0.08x	$7.14 Billion
Iflytek Co Ltd (002230)	$17.73 Billion	3.71%	1.13x	$16.17 Billion
Qiming Information Technology Co Ltd (002232)	$1.33 Billion	3.04%	0.59x	$1.06 Billion

About Beijing Join-Cheer Software Co Ltd

SHE:002279 China Software - Application

Market Cap

$948.78 Million

CN¥6.48 Billion CNY

Market Cap Rank

#9331 Global

#2538 in China

Share Price

CN¥7.52

Change (1 day)

-5.41%

52-Week Range

CN¥6.09 - CN¥10.82

All Time High

CN¥23.67