Beijing SPC Environment Protection Tech Co Ltd (002573) - Net Assets
Based on the latest financial reports, Beijing SPC Environment Protection Tech Co Ltd (002573) has net assets worth CN¥7.41 Billion CNY (≈ $1.08 Billion 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¥24.26 Billion ≈ $3.55 Billion USD) and total liabilities (CN¥16.85 Billion ≈ $2.47 Billion 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. Also explore Beijing SPC Environment Protection Tech total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.41 Billion |
| % of Total Assets | 30.55% |
| Annual Growth Rate | 22.81% |
| 5-Year Change | 12.09% |
| 10-Year Change | 146.86% |
| Growth Volatility | 109.07 |
Beijing SPC Environment Protection Tech Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Beijing SPC Environment Protection Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 002573 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Beijing SPC Environment Protection Tech Co Ltd (2008–2024)
The table below shows the annual net assets of Beijing SPC Environment Protection Tech Co Ltd from 2008 to 2024. For live valuation and market cap data, see market cap of Beijing SPC Environment Protection Tech .
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.47 Billion ≈ $1.09 Billion |
-4.59% |
| 2023-12-31 | CN¥7.83 Billion ≈ $1.15 Billion |
+2.77% |
| 2022-12-31 | CN¥7.62 Billion ≈ $1.12 Billion |
+10.53% |
| 2021-12-31 | CN¥6.90 Billion ≈ $1.01 Billion |
+3.42% |
| 2020-12-31 | CN¥6.67 Billion ≈ $975.73 Million |
+38.00% |
| 2019-12-31 | CN¥4.83 Billion ≈ $707.04 Million |
+0.30% |
| 2018-12-31 | CN¥4.82 Billion ≈ $704.92 Million |
+3.74% |
| 2017-12-31 | CN¥4.64 Billion ≈ $679.50 Million |
+15.90% |
| 2016-12-31 | CN¥4.01 Billion ≈ $586.29 Million |
+32.33% |
| 2015-12-31 | CN¥3.03 Billion ≈ $443.05 Million |
+16.29% |
| 2014-12-31 | CN¥2.60 Billion ≈ $381.00 Million |
+12.64% |
| 2013-12-31 | CN¥2.31 Billion ≈ $338.25 Million |
+5.99% |
| 2012-12-31 | CN¥2.18 Billion ≈ $319.13 Million |
+6.42% |
| 2011-12-31 | CN¥2.05 Billion ≈ $299.89 Million |
+459.84% |
| 2010-12-31 | CN¥366.06 Million ≈ $53.57 Million |
+21.61% |
| 2009-12-31 | CN¥301.02 Million ≈ $44.05 Million |
+7.82% |
| 2008-12-31 | CN¥279.19 Million ≈ $40.85 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Beijing SPC Environment Protection Tech 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 1671.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.68 Billion | 45.33% |
| Common Stock | CN¥1.42 Billion | 24.07% |
| Other Components | CN¥1.81 Billion | 30.60% |
| Total Equity | CN¥5.92 Billion | 100.00% |
Beijing SPC Environment Protection Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing SPC Environment Protection Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Harum Energy Tbk PT
JK:HRUM
|
$681.85 Million |
|
Vamos Locação de Caminhões Máquinas e Equipamentos S.A
SA:VAMO3
|
$681.94 Million |
|
Jiangsu Huaxicun Co Ltd
SHE:000936
|
$681.97 Million |
|
COSCO SHIPPING Technology Co Ltd
SHE:002401
|
$682.01 Million |
|
Phreesia Inc
NYSE:PHR
|
$681.24 Million |
|
Zhengzhou Coal Industry & Electric Power Co Ltd
SHG:600121
|
$681.08 Million |
|
Beijing SDL Technology Co Ltd
SHE:002658
|
$680.99 Million |
|
Thornburg Income Builder Opportunities Trust Common Stock
NASDAQ:TBLD
|
$680.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing SPC Environment Protection Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,404,871,000 to 5,917,504,000, a change of -487,367,000 (-7.6%).
- Net loss of 378,210,000 reduced equity.
- Dividend payments of 554,785,000 reduced retained earnings.
- Share repurchases of 30,720,535 reduced equity.
- Other factors increased equity by 476,348,535.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-378.21 Million | -6.39% |
| Dividends Paid | CN¥554.78 Million | -9.38% |
| Share Repurchases | CN¥30.72 Million | -0.52% |
| Other Changes | CN¥476.35 Million | +8.05% |
| Total Change | CN¥- | -7.61% |
Book Value vs Market Value Analysis
This analysis compares Beijing SPC Environment Protection Tech 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: 0.78x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 9.32x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.35 | CN¥3.29 | x |
| 2009-12-31 | CN¥0.38 | CN¥3.29 | x |
| 2010-12-31 | CN¥0.46 | CN¥3.29 | x |
| 2011-12-31 | CN¥2.44 | CN¥3.29 | x |
| 2012-12-31 | CN¥2.02 | CN¥3.29 | x |
| 2013-12-31 | CN¥2.11 | CN¥3.29 | x |
| 2014-12-31 | CN¥2.24 | CN¥3.29 | x |
| 2015-12-31 | CN¥2.68 | CN¥3.29 | x |
| 2016-12-31 | CN¥3.40 | CN¥3.29 | x |
| 2017-12-31 | CN¥3.94 | CN¥3.29 | x |
| 2018-12-31 | CN¥4.31 | CN¥3.29 | x |
| 2019-12-31 | CN¥4.53 | CN¥3.29 | x |
| 2020-12-31 | CN¥5.87 | CN¥3.29 | x |
| 2021-12-31 | CN¥4.60 | CN¥3.29 | x |
| 2022-12-31 | CN¥4.55 | CN¥3.29 | x |
| 2023-12-31 | CN¥4.49 | CN¥3.29 | x |
| 2024-12-31 | CN¥4.21 | CN¥3.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing SPC Environment Protection Tech 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): -6.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.34%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 4.19x
- Recent ROE (-6.39%) is below the historical average (10.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 28.72% | 14.59% | 0.53x | 3.73x | CN¥52.28 Million |
| 2009 | 9.99% | 9.08% | 0.28x | 3.94x | CN¥-24.60K |
| 2010 | 17.77% | 20.28% | 0.29x | 3.06x | CN¥28.44 Million |
| 2011 | 5.01% | 22.93% | 0.17x | 1.31x | CN¥-102.22 Million |
| 2012 | 4.95% | 27.27% | 0.14x | 1.30x | CN¥-106.45 Million |
| 2013 | 8.07% | 23.53% | 0.21x | 1.64x | CN¥-43.03 Million |
| 2014 | 11.17% | 21.19% | 0.27x | 1.99x | CN¥28.44 Million |
| 2015 | 17.54% | 22.37% | 0.35x | 2.26x | CN¥218.14 Million |
| 2016 | 20.52% | 21.93% | 0.30x | 3.09x | CN¥381.52 Million |
| 2017 | 15.39% | 15.92% | 0.32x | 2.99x | CN¥228.33 Million |
| 2018 | 11.28% | 12.84% | 0.38x | 2.31x | CN¥59.46 Million |
| 2019 | 7.76% | 11.26% | 0.32x | 2.17x | CN¥-109.73 Million |
| 2020 | 5.37% | 8.27% | 0.25x | 2.60x | CN¥-293.31 Million |
| 2021 | 9.33% | 8.26% | 0.32x | 3.55x | CN¥-40.70 Million |
| 2022 | 6.98% | 5.57% | 0.34x | 3.69x | CN¥-193.40 Million |
| 2023 | 1.99% | 1.48% | 0.35x | 3.83x | CN¥-513.12 Million |
| 2024 | -6.39% | -4.34% | 0.35x | 4.19x | CN¥-969.96 Million |
Industry Comparison
This section compares Beijing SPC Environment Protection Tech Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $1,587,234,023
- Average return on equity (ROE) among peers: 8.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing SPC Environment Protection Tech Co Ltd (002573) | CN¥7.41 Billion | 28.72% | 2.27x | $681.35 Million |
| Shenzhen Ecobeauty Co Ltd (000010) | $127.21 Million | 9.12% | 1.23x | $279.26 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $854.56 Million | 3.35% | 1.09x | $2.33 Billion |
| NORINCO International Cooperation Ltd (000065) | $331.57 Million | 5.20% | 1.59x | $1.57 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $8.74 Billion | 8.94% | 2.63x | $943.32 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $724.53 Million | 0.08% | 1.12x | $1.19 Billion |
| Jinyuan Cement Co Ltd (000546) | $156.05 Million | 1.43% | 2.11x | $509.80 Million |
| Hunan Investment Group Co Ltd (000548) | $1.23 Billion | 5.55% | 0.33x | $323.62 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $872.17 Million | 6.28% | 3.04x | $1.98 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $46.73 Million | 47.46% | 2.25x | $901.93 Million |
| Hainan Expressway Co Ltd (000886) | $2.79 Billion | 2.23% | 0.17x | $680.07 Million |
About Beijing SPC Environment Protection Tech Co Ltd
Beijing SPC Environment Protection Tech Co., Ltd. engages in energy conservation and environmental protection related businesses. The company provides industrial environmental protection services. It also engages in urban and rural water supply and drainage, water and municipal facility operations, sewage treatment, pipe network operation and maintenance, smart water services, river basin water m… Read more