Harbin Boshi Automation Co Ltd (002698) - Net Assets
Based on the latest financial reports, Harbin Boshi Automation Co Ltd (002698) has net assets worth CN¥4.18 Billion CNY (≈ $610.98 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¥6.80 Billion ≈ $995.61 Million USD) and total liabilities (CN¥2.63 Billion ≈ $384.63 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 002698 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.18 Billion |
| % of Total Assets | 61.37% |
| Annual Growth Rate | 16.92% |
| 5-Year Change | 45.48% |
| 10-Year Change | 122.98% |
| Growth Volatility | 24.34 |
Harbin Boshi Automation Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Harbin Boshi Automation Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002698 total assets for the complete picture of this company's asset base.
Annual Net Assets for Harbin Boshi Automation Co Ltd (2009–2024)
The table below shows the annual net assets of Harbin Boshi Automation Co Ltd from 2009 to 2024. For live valuation and market cap data, see market cap of Harbin Boshi Automation Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.95 Billion ≈ $578.10 Million |
+9.81% |
| 2023-12-31 | CN¥3.60 Billion ≈ $526.45 Million |
+7.50% |
| 2022-12-31 | CN¥3.35 Billion ≈ $489.73 Million |
+9.80% |
| 2021-12-31 | CN¥3.05 Billion ≈ $446.00 Million |
+12.24% |
| 2020-12-31 | CN¥2.72 Billion ≈ $397.37 Million |
+14.43% |
| 2019-12-31 | CN¥2.37 Billion ≈ $347.27 Million |
+11.26% |
| 2018-12-31 | CN¥2.13 Billion ≈ $312.13 Million |
+6.05% |
| 2017-12-31 | CN¥2.01 Billion ≈ $294.31 Million |
+5.30% |
| 2016-12-31 | CN¥1.91 Billion ≈ $279.49 Million |
+7.80% |
| 2015-12-31 | CN¥1.77 Billion ≈ $259.27 Million |
+7.86% |
| 2014-12-31 | CN¥1.64 Billion ≈ $240.37 Million |
+11.49% |
| 2013-12-31 | CN¥1.47 Billion ≈ $215.60 Million |
+13.05% |
| 2012-12-31 | CN¥1.30 Billion ≈ $190.72 Million |
+105.65% |
| 2011-12-31 | CN¥633.74 Million ≈ $92.74 Million |
+25.12% |
| 2010-12-31 | CN¥506.52 Million ≈ $74.12 Million |
+33.75% |
| 2009-12-31 | CN¥378.71 Million ≈ $55.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Harbin Boshi Automation 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 613.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.99 Billion | 52.54% |
| Common Stock | CN¥1.02 Billion | 26.98% |
| Other Comprehensive Income | CN¥818.27 Million | 21.59% |
| Total Equity | CN¥3.79 Billion | 100.00% |
Harbin Boshi Automation Co Ltd Competitors by Market Cap
The table below lists competitors of Harbin Boshi Automation Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Badger Infrastructure Solutions Ltd
TO:BDGI
|
$1.91 Billion |
|
Punjab & Sind Bank
NSE:PSB
|
$1.91 Billion |
|
Neinor Homes SLU
MC:HOME
|
$1.91 Billion |
|
Pitney Bowes Inc
NYSE:PBI
|
$1.91 Billion |
|
Hammond Power Solutions Inc
TO:HPS-A
|
$1.91 Billion |
|
Soitec SA
PA:SOI
|
$1.91 Billion |
|
Guizhou Aviation Technical Development Co Ltd
SHG:688239
|
$1.91 Billion |
|
Burckhardt Compression
SW:BCHN
|
$1.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harbin Boshi Automation Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,450,338,131 to 3,790,432,312, a change of 340,094,181 (9.9%).
- Net income of 524,225,533 contributed positively to equity growth.
- Dividend payments of 257,022,656 reduced retained earnings.
- Share repurchases of 91,268,787 reduced equity.
- Other comprehensive income increased equity by 735,043,009.
- Other factors decreased equity by 570,882,918.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥524.23 Million | +13.83% |
| Dividends Paid | CN¥257.02 Million | -6.78% |
| Share Repurchases | CN¥91.27 Million | -2.41% |
| Other Comprehensive Income | CN¥735.04 Million | +19.39% |
| Other Changes | CN¥-570.88 Million | -15.06% |
| Total Change | CN¥- | 9.86% |
Book Value vs Market Value Analysis
This analysis compares Harbin Boshi Automation 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: 3.45x
- 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 30.47x to 3.45x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.42 | CN¥12.78 | x |
| 2010-12-31 | CN¥0.55 | CN¥12.78 | x |
| 2011-12-31 | CN¥0.69 | CN¥12.78 | x |
| 2012-12-31 | CN¥1.37 | CN¥12.78 | x |
| 2013-12-31 | CN¥1.45 | CN¥12.78 | x |
| 2014-12-31 | CN¥1.59 | CN¥12.78 | x |
| 2015-12-31 | CN¥1.71 | CN¥12.78 | x |
| 2016-12-31 | CN¥1.77 | CN¥12.78 | x |
| 2017-12-31 | CN¥1.89 | CN¥12.78 | x |
| 2018-12-31 | CN¥2.02 | CN¥12.78 | x |
| 2019-12-31 | CN¥2.24 | CN¥12.78 | x |
| 2020-12-31 | CN¥2.51 | CN¥12.78 | x |
| 2021-12-31 | CN¥2.82 | CN¥12.78 | x |
| 2022-12-31 | CN¥3.10 | CN¥12.78 | x |
| 2023-12-31 | CN¥3.36 | CN¥12.78 | x |
| 2024-12-31 | CN¥3.71 | CN¥12.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harbin Boshi Automation 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): 13.83%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.31%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.83x
- Recent ROE (13.83%) is below the historical average (14.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 28.05% | 26.64% | 0.64x | 1.63x | CN¥68.34 Million |
| 2010 | 25.11% | 28.74% | 0.53x | 1.64x | CN¥76.56 Million |
| 2011 | 23.75% | 25.27% | 0.53x | 1.79x | CN¥87.15 Million |
| 2012 | 13.45% | 23.65% | 0.42x | 1.34x | CN¥45.01 Million |
| 2013 | 14.07% | 27.14% | 0.40x | 1.30x | CN¥59.95 Million |
| 2014 | 11.60% | 30.83% | 0.30x | 1.26x | CN¥25.81 Million |
| 2015 | 10.13% | 24.64% | 0.35x | 1.18x | CN¥2.22 Million |
| 2016 | 6.02% | 17.49% | 0.28x | 1.24x | CN¥-72.48 Million |
| 2017 | 6.72% | 16.44% | 0.30x | 1.37x | CN¥-63.25 Million |
| 2018 | 8.82% | 19.89% | 0.27x | 1.67x | CN¥-24.43 Million |
| 2019 | 13.41% | 21.04% | 0.36x | 1.76x | CN¥78.07 Million |
| 2020 | 15.78% | 22.18% | 0.40x | 1.78x | CN¥148.50 Million |
| 2021 | 17.03% | 23.21% | 0.43x | 1.70x | CN¥202.35 Million |
| 2022 | 14.04% | 20.66% | 0.35x | 1.96x | CN¥128.08 Million |
| 2023 | 15.46% | 20.80% | 0.39x | 1.93x | CN¥188.56 Million |
| 2024 | 13.83% | 18.31% | 0.41x | 1.83x | CN¥145.18 Million |
Industry Comparison
This section compares Harbin Boshi Automation Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harbin Boshi Automation Co Ltd (002698) | CN¥4.18 Billion | 28.05% | 0.63x | $1.91 Billion |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About Harbin Boshi Automation Co Ltd
Harbin Boshi Automation Co., Ltd. engages in the research and development, production, and sale of intelligent manufacturing equipment and industrial robots in the People's Republic of China. It offers industrial robots, smelting robot equipment, weighing and bagging equipment, palletizing systems, conveyor and detecting equipment, intelligent logistics systems, rubber post-processing equipment, … Read more