Beijing Join-Cheer Software Co Ltd (002279) - Net Assets
Based on the latest financial reports, Beijing Join-Cheer Software Co Ltd (002279) has net assets worth CN¥1.49 Billion CNY (≈ $218.43 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.33 Billion ≈ $341.34 Million USD) and total liabilities (CN¥839.95 Million ≈ $122.91 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 Beijing Join-Cheer Software Co Ltd (002279) strategic investment index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.49 Billion |
| % of Total Assets | 63.99% |
| Annual Growth Rate | 15.51% |
| 5-Year Change | 54.83% |
| 10-Year Change | -30.73% |
| Growth Volatility | 64.16 |
Beijing Join-Cheer Software Co Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Beijing Join-Cheer Software Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002279 market cap.
Annual Net Assets for Beijing Join-Cheer Software Co Ltd (2005–2025)
The table below shows the annual net assets of Beijing Join-Cheer Software Co Ltd from 2005 to 2025. Also explore 002279 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.51 Billion ≈ $221.33 Million |
+4.94% |
| 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 1604.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.91 Billion | 129.11% |
| Total Equity | CN¥1.48 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 |
|---|---|
|
Fujian Boss Software Development Co Ltd
SHE:300525
|
$856.81 Million |
|
CHINA RISUN GROUP HD-10
F:45Y
|
$856.94 Million |
|
Savencia SA
PA:SAVE
|
$857.00 Million |
|
TeamViewer AG
F:TMV
|
$857.02 Million |
|
Medplus Health Services Limited
NSE:MEDPLUS
|
$856.68 Million |
|
Wanbangde Pharmaceutical Holding Group Co Ltd
SHE:002082
|
$856.60 Million |
|
Fujian Longxi Bearing Group Co Ltd
SHG:600592
|
$855.96 Million |
|
Wuhan Zhongyuan Huadian Sci Tech
SHE:300018
|
$855.79 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 2024 to 2025, total equity changed from 1,407,167,296 to 1,480,471,181, a change of 73,303,885 (5.2%).
- Net income of 44,744,262 contributed positively to equity growth.
- Dividend payments of 2,833 reduced retained earnings.
- Other factors increased equity by 28,562,457.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥44.74 Million | +3.02% |
| Dividends Paid | CN¥2.83K | -0.0% |
| Other Changes | CN¥28.56 Million | +1.93% |
| Total Change | CN¥- | 5.21% |
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: 3.95x
- 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 26.83x to 3.95x 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¥6.79 | x |
| 2006-12-31 | CN¥0.27 | CN¥6.79 | x |
| 2007-12-31 | CN¥0.40 | CN¥6.79 | x |
| 2008-12-31 | CN¥0.55 | CN¥6.79 | x |
| 2009-12-31 | CN¥1.66 | CN¥6.79 | x |
| 2010-12-31 | CN¥1.42 | CN¥6.79 | x |
| 2011-12-31 | CN¥1.50 | CN¥6.79 | x |
| 2012-12-31 | CN¥1.17 | CN¥6.79 | x |
| 2013-12-31 | CN¥1.24 | CN¥6.79 | x |
| 2014-12-31 | CN¥1.31 | CN¥6.79 | x |
| 2015-12-31 | CN¥3.06 | CN¥6.79 | x |
| 2016-12-31 | CN¥3.07 | CN¥6.79 | x |
| 2017-12-31 | CN¥3.71 | CN¥6.79 | x |
| 2018-12-31 | CN¥1.60 | CN¥6.79 | x |
| 2019-12-31 | CN¥1.63 | CN¥6.79 | x |
| 2020-12-31 | CN¥1.48 | CN¥6.79 | x |
| 2021-12-31 | CN¥1.29 | CN¥6.79 | x |
| 2022-12-31 | CN¥2.42 | CN¥6.79 | x |
| 2023-12-31 | CN¥1.88 | CN¥6.79 | x |
| 2024-12-31 | CN¥1.63 | CN¥6.79 | x |
| 2025-12-31 | CN¥1.72 | CN¥6.79 | 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): 3.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.73%
- • Asset Turnover: 1.04x
- • Equity Multiplier: 1.68x
- Recent ROE (3.02%) is below the historical average (4.27%), 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 | -14.39% | -4.86% | 1.03x | 2.87x | CN¥-223.30 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 |
| 2025 | 3.02% | 1.73% | 1.04x | 1.68x | CN¥-103.30 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: $3,869,687,536
- Average return on equity (ROE) among peers: 7.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Join-Cheer Software Co Ltd (002279) | CN¥1.49 Billion | 17.06% | 0.56x | $856.68 Million |
| Digital China Information Service Co Ltd (000555) | $-129.10 Million | 0.00% | 0.00x | $1.48 Billion |
| Fujian Newland Computer Co Ltd (000997) | $770.93 Million | 5.35% | 0.32x | $2.90 Billion |
| YGSOFT Inc (002063) | $1.24 Billion | 23.25% | 0.11x | $1.50 Billion |
| Dhc Software Co Ltd (002065) | $145.16 Million | 27.99% | 1.22x | $3.12 Billion |
| Zhejiang Netsun Co Ltd (002095) | $1.07 Billion | 1.80% | 0.22x | $597.61 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $4.92 Billion | 4.89% | 0.37x | $899.26 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $9.16 Billion | -0.74% | 0.17x | $3.02 Billion |
| Shanghai 2345 Network Holding Group (002195) | $277.79 Million | 7.30% | 0.13x | $5.11 Billion |
| Iflytek Co Ltd (002230) | $19.86 Billion | 4.23% | 1.26x | $13.53 Billion |
| Qiming Information Technology Co Ltd (002232) | $1.38 Billion | 5.29% | 0.61x | $925.45 Million |
About Beijing Join-Cheer Software Co Ltd
Beijing Join-Cheer Software Co., Ltd. provides management software and digital communication in China. It provides government management services, enterprise group management and control, intelligent transportation, education, digital communication, government big data, enterprise big data, and internal control. The company serves e-government, group management, control and digital communication … Read more