Beijing Kaiwen Education Technology Co Ltd (002659) - Net Assets
Based on the latest financial reports, Beijing Kaiwen Education Technology Co Ltd (002659) has net assets worth CN¥2.17 Billion CNY (≈ $317.13 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¥3.01 Billion ≈ $440.82 Million USD) and total liabilities (CN¥845.23 Million ≈ $123.68 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 002659 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.17 Billion |
| % of Total Assets | 71.94% |
| Annual Growth Rate | 16.76% |
| 5-Year Change | -12.65% |
| 10-Year Change | 150.84% |
| Growth Volatility | 53.6 |
Beijing Kaiwen Education Technology Co Ltd - Net Assets Trend (2008–2024)
This chart illustrates how Beijing Kaiwen Education Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002659 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Beijing Kaiwen Education Technology Co Ltd (2008–2024)
The table below shows the annual net assets of Beijing Kaiwen Education Technology Co Ltd from 2008 to 2024. For live valuation and market cap data, see 002659 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.17 Billion ≈ $316.96 Million |
-1.57% |
| 2023-12-31 | CN¥2.20 Billion ≈ $322.01 Million |
-2.14% |
| 2022-12-31 | CN¥2.25 Billion ≈ $329.06 Million |
-4.08% |
| 2021-12-31 | CN¥2.34 Billion ≈ $343.05 Million |
-5.46% |
| 2020-12-31 | CN¥2.48 Billion ≈ $362.87 Million |
+15.24% |
| 2019-12-31 | CN¥2.15 Billion ≈ $314.88 Million |
+1.74% |
| 2018-12-31 | CN¥2.12 Billion ≈ $309.50 Million |
-4.34% |
| 2017-12-31 | CN¥2.21 Billion ≈ $323.55 Million |
-11.23% |
| 2016-12-31 | CN¥2.49 Billion ≈ $364.49 Million |
+188.45% |
| 2015-12-31 | CN¥863.53 Million ≈ $126.36 Million |
+35.64% |
| 2014-12-31 | CN¥636.63 Million ≈ $93.16 Million |
+1.80% |
| 2013-12-31 | CN¥625.39 Million ≈ $91.51 Million |
-10.68% |
| 2012-12-31 | CN¥700.16 Million ≈ $102.46 Million |
+130.65% |
| 2011-12-31 | CN¥303.56 Million ≈ $44.42 Million |
+19.95% |
| 2010-12-31 | CN¥253.07 Million ≈ $37.03 Million |
+14.61% |
| 2009-12-31 | CN¥220.81 Million ≈ $32.31 Million |
+21.62% |
| 2008-12-31 | CN¥181.56 Million ≈ $26.57 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Beijing Kaiwen Education Technology 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 2723.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥598.28 Million | 27.64% |
| Other Comprehensive Income | CN¥30.84 Million | 1.42% |
| Other Components | CN¥2.02 Billion | 93.34% |
| Total Equity | CN¥2.16 Billion | 100.00% |
Beijing Kaiwen Education Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing Kaiwen Education Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VIP Industries Limited
NSE:VIPIND
|
$474.70 Million |
|
Village Super Market Inc
NASDAQ:VLGEA
|
$474.81 Million |
|
Palm Landscape Architecture Co Ltd
SHE:002431
|
$474.84 Million |
|
Yaxing Chem
SHG:600319
|
$474.86 Million |
|
Shifeng Cultural Development Co Ltd
SHE:002862
|
$474.47 Million |
|
Empresa Distribuidora y Comercializadora Norte Sociedad Anónima
F:PWD1
|
$474.21 Million |
|
Concord Securities Co Ltd
TWO:6016
|
$473.73 Million |
|
Cantor Equity Partners IV, Inc. Class A Ordinary Shares
NASDAQ:CEPF
|
$473.69 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Kaiwen Education Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,200,876,886 to 2,164,159,558, a change of -36,717,328 (-1.7%).
- Net loss of 36,964,617 reduced equity.
- Dividend payments of 28,753,027 reduced retained earnings.
- Other comprehensive income increased equity by 30,689,334.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-36.96 Million | -1.71% |
| Dividends Paid | CN¥28.75 Million | -1.33% |
| Other Comprehensive Income | CN¥30.69 Million | +1.42% |
| Other Changes | CN¥-1.69 Million | -0.08% |
| Total Change | CN¥- | -1.67% |
Book Value vs Market Value Analysis
This analysis compares Beijing Kaiwen Education Technology 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: 1.54x
- 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 8.33x to 1.54x 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¥0.65 | CN¥5.42 | x |
| 2009-12-31 | CN¥0.82 | CN¥5.42 | x |
| 2010-12-31 | CN¥0.95 | CN¥5.42 | x |
| 2011-12-31 | CN¥1.17 | CN¥5.42 | x |
| 2012-12-31 | CN¥2.22 | CN¥5.42 | x |
| 2013-12-31 | CN¥1.87 | CN¥5.42 | x |
| 2014-12-31 | CN¥1.86 | CN¥5.42 | x |
| 2015-12-31 | CN¥2.11 | CN¥5.42 | x |
| 2016-12-31 | CN¥5.80 | CN¥5.42 | x |
| 2017-12-31 | CN¥4.74 | CN¥5.42 | x |
| 2018-12-31 | CN¥4.30 | CN¥5.42 | x |
| 2019-12-31 | CN¥4.30 | CN¥5.42 | x |
| 2020-12-31 | CN¥4.58 | CN¥5.42 | x |
| 2021-12-31 | CN¥3.92 | CN¥5.42 | x |
| 2022-12-31 | CN¥3.76 | CN¥5.42 | x |
| 2023-12-31 | CN¥3.54 | CN¥5.42 | x |
| 2024-12-31 | CN¥3.51 | CN¥5.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Kaiwen Education Technology 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): -1.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.56%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.44x
- Recent ROE (-1.71%) is below the historical average (3.93%), 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 | 19.98% | 8.30% | 0.58x | 4.14x | CN¥15.34 Million |
| 2009 | 19.60% | 8.31% | 0.61x | 3.84x | CN¥18.46 Million |
| 2010 | 24.23% | 7.66% | 0.74x | 4.29x | CN¥31.13 Million |
| 2011 | 29.00% | 8.73% | 0.81x | 4.11x | CN¥52.29 Million |
| 2012 | 6.76% | 5.90% | 0.43x | 2.68x | CN¥-21.53 Million |
| 2013 | -10.67% | -9.44% | 0.40x | 2.82x | CN¥-121.69 Million |
| 2014 | 2.15% | 1.55% | 0.43x | 3.25x | CN¥-47.22 Million |
| 2015 | 0.47% | 0.38% | 0.30x | 4.25x | CN¥-57.50 Million |
| 2016 | -4.30% | -29.77% | 0.08x | 1.70x | CN¥-319.52 Million |
| 2017 | 1.06% | 3.75% | 0.20x | 1.43x | CN¥-197.10 Million |
| 2018 | -4.49% | -39.10% | 0.06x | 1.81x | CN¥-305.18 Million |
| 2019 | 1.77% | 4.78% | 0.21x | 1.73x | CN¥-176.51 Million |
| 2020 | -5.35% | -41.27% | 0.08x | 1.66x | CN¥-380.03 Million |
| 2021 | -5.13% | -42.32% | 0.08x | 1.48x | CN¥-354.90 Million |
| 2022 | -4.29% | -56.17% | 0.05x | 1.44x | CN¥-321.53 Million |
| 2023 | -2.26% | -19.58% | 0.08x | 1.41x | CN¥-269.81 Million |
| 2024 | -1.71% | -11.56% | 0.10x | 1.44x | CN¥-253.38 Million |
Industry Comparison
This section compares Beijing Kaiwen Education Technology Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $16,063,507,368
- Average return on equity (ROE) among peers: 1.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Kaiwen Education Technology Co Ltd (002659) | CN¥2.17 Billion | 19.98% | 0.39x | $474.51 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $800.85 Million | 5.69% | 2.49x | $11.51 Billion |
| HBIS Co Ltd (000709) | $44.79 Billion | 0.26% | 2.73x | $3.60 Billion |
| Sgis Songshan Co Ltd (000717) | $2.28 Billion | 9.87% | 0.31x | $883.17 Million |
| Bengang Steel Plates Co Ltd (000761) | $21.55 Billion | 1.78% | 2.02x | $1.58 Billion |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $9.84 Billion | 9.05% | 0.83x | $2.60 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $2.40 Billion | 12.15% | 0.98x | $3.63 Billion |
| Jiangsu Fasten Co Ltd (000890) | $1.16 Billion | 1.67% | 1.30x | $867.39 Million |
| Angang Steel Co Ltd Class A (000898) | $55.39 Billion | -5.88% | 0.75x | $2.69 Billion |
| Hunan Valin Steel Co Ltd (000932) | $14.49 Billion | -18.24% | 4.16x | $4.74 Billion |
| Beijing Shougang Co Ltd (000959) | $7.92 Billion | 0.15% | 1.08x | $5.15 Billion |
About Beijing Kaiwen Education Technology Co Ltd
Beijing Kaiwen Education Technology Co., Ltd operates schools in China. The company also offers education operation services, such as curriculum design, teaching management, school operation, logistics management, and college admission guidance services, as well as training with sports, arts, and technology education. It also engages in the coordinated development of brand output, management outp… Read more