Bichamp Cutting Technology Hunan Co Ltd (002843) - Net Assets
Based on the latest financial reports, Bichamp Cutting Technology Hunan Co Ltd (002843) has net assets worth CN¥1.42 Billion CNY (≈ $207.50 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¥2.50 Billion ≈ $365.43 Million USD) and total liabilities (CN¥1.08 Billion ≈ $157.93 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 002843 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.42 Billion |
| % of Total Assets | 56.78% |
| Annual Growth Rate | 15.13% |
| 5-Year Change | 184.93% |
| 10-Year Change | 260.94% |
| Growth Volatility | 26.86 |
Bichamp Cutting Technology Hunan Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Bichamp Cutting Technology Hunan Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Bichamp Cutting Technology Hunan Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Bichamp Cutting Technology Hunan Co Ltd (2009–2024)
The table below shows the annual net assets of Bichamp Cutting Technology Hunan Co Ltd from 2009 to 2024. For live valuation and market cap data, see Bichamp Cutting Technology Hunan Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.38 Billion ≈ $202.09 Million |
-8.39% |
| 2023-12-31 | CN¥1.51 Billion ≈ $220.61 Million |
+93.94% |
| 2022-12-31 | CN¥777.37 Million ≈ $113.75 Million |
+31.65% |
| 2021-12-31 | CN¥590.50 Million ≈ $86.41 Million |
+21.83% |
| 2020-12-31 | CN¥484.69 Million ≈ $70.93 Million |
-17.69% |
| 2019-12-31 | CN¥588.87 Million ≈ $86.17 Million |
-11.63% |
| 2018-12-31 | CN¥666.40 Million ≈ $97.51 Million |
+9.17% |
| 2017-12-31 | CN¥610.40 Million ≈ $89.32 Million |
+51.55% |
| 2016-12-31 | CN¥402.78 Million ≈ $58.94 Million |
+5.27% |
| 2015-12-31 | CN¥382.63 Million ≈ $55.99 Million |
+3.12% |
| 2014-12-31 | CN¥371.05 Million ≈ $54.30 Million |
+8.47% |
| 2013-12-31 | CN¥342.06 Million ≈ $50.05 Million |
+18.03% |
| 2012-12-31 | CN¥289.81 Million ≈ $42.41 Million |
+11.50% |
| 2011-12-31 | CN¥259.92 Million ≈ $38.03 Million |
+34.78% |
| 2010-12-31 | CN¥192.84 Million ≈ $28.22 Million |
+15.58% |
| 2009-12-31 | CN¥166.85 Million ≈ $24.41 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bichamp Cutting Technology Hunan 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 860.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥397.50 Million | 28.78% |
| Common Stock | CN¥254.11 Million | 18.40% |
| Other Components | CN¥729.50 Million | 52.82% |
| Total Equity | CN¥1.38 Billion | 100.00% |
Bichamp Cutting Technology Hunan Co Ltd Competitors by Market Cap
The table below lists competitors of Bichamp Cutting Technology Hunan Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Plymouth Industrial REIT Inc
NYSE:PLYM
|
$979.23 Million |
|
Leshan Electric Power Co Ltd
SHG:600644
|
$979.98 Million |
|
PixArt Imaging
TWO:3227
|
$980.14 Million |
|
ProFrac Holding Corp.
NASDAQ:ACDC
|
$980.32 Million |
|
Thungela Resources Limited
JSE:TGA
|
$978.68 Million |
|
Douglas Dynamics Inc
NYSE:PLOW
|
$978.32 Million |
|
Mission Produce Inc
NASDAQ:AVO
|
$978.29 Million |
|
ALPHAMAB ONCOLO.DL-000002
F:3NK
|
$978.26 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bichamp Cutting Technology Hunan Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,448,704,003 to 1,381,112,726, a change of -67,591,277 (-4.7%).
- Net income of 50,419,318 contributed positively to equity growth.
- Dividend payments of 51,927,509 reduced retained earnings.
- Share repurchases of 8,442,742 reduced equity.
- Other factors decreased equity by 57,640,344.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥50.42 Million | +3.65% |
| Dividends Paid | CN¥51.93 Million | -3.76% |
| Share Repurchases | CN¥8.44 Million | -0.61% |
| Other Changes | CN¥-57.64 Million | -4.17% |
| Total Change | CN¥- | -4.67% |
Book Value vs Market Value Analysis
This analysis compares Bichamp Cutting Technology Hunan 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: 4.85x
- 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 24.18x to 4.85x 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¥1.10 | CN¥26.58 | x |
| 2010-12-31 | CN¥1.29 | CN¥26.58 | x |
| 2011-12-31 | CN¥1.74 | CN¥26.58 | x |
| 2012-12-31 | CN¥1.94 | CN¥26.58 | x |
| 2013-12-31 | CN¥2.20 | CN¥26.58 | x |
| 2014-12-31 | CN¥2.37 | CN¥26.58 | x |
| 2015-12-31 | CN¥2.43 | CN¥26.58 | x |
| 2016-12-31 | CN¥2.54 | CN¥26.58 | x |
| 2017-12-31 | CN¥2.97 | CN¥26.58 | x |
| 2018-12-31 | CN¥3.23 | CN¥26.58 | x |
| 2019-12-31 | CN¥2.80 | CN¥26.58 | x |
| 2020-12-31 | CN¥2.33 | CN¥26.58 | x |
| 2021-12-31 | CN¥2.87 | CN¥26.58 | x |
| 2022-12-31 | CN¥3.35 | CN¥26.58 | x |
| 2023-12-31 | CN¥6.42 | CN¥26.58 | x |
| 2024-12-31 | CN¥5.48 | CN¥26.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bichamp Cutting Technology Hunan 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): 3.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.91%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.84x
- Recent ROE (3.65%) is below the historical average (13.06%), 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 | 10.92% | 10.62% | 0.64x | 1.62x | CN¥1.53 Million |
| 2010 | 23.85% | 23.89% | 0.66x | 1.51x | CN¥26.71 Million |
| 2011 | 25.72% | 25.85% | 0.57x | 1.73x | CN¥40.85 Million |
| 2012 | 17.22% | 19.99% | 0.50x | 1.72x | CN¥20.91 Million |
| 2013 | 15.73% | 19.41% | 0.54x | 1.50x | CN¥19.60 Million |
| 2014 | 15.74% | 19.46% | 0.54x | 1.48x | CN¥21.28 Million |
| 2015 | 10.71% | 16.74% | 0.50x | 1.29x | CN¥2.72 Million |
| 2016 | 10.22% | 16.52% | 0.54x | 1.14x | CN¥874.14K |
| 2017 | 8.30% | 16.88% | 0.43x | 1.14x | CN¥-10.36 Million |
| 2018 | 8.36% | 15.78% | 0.44x | 1.21x | CN¥-10.92 Million |
| 2019 | 10.49% | 15.51% | 0.51x | 1.34x | CN¥2.86 Million |
| 2020 | 8.57% | 10.31% | 0.51x | 1.62x | CN¥-6.91 Million |
| 2021 | 11.83% | 13.26% | 0.52x | 1.72x | CN¥10.80 Million |
| 2022 | 18.51% | 13.35% | 0.50x | 2.79x | CN¥60.01 Million |
| 2023 | 9.19% | 7.21% | 0.68x | 1.86x | CN¥-11.81 Million |
| 2024 | 3.65% | 2.91% | 0.68x | 1.84x | CN¥-87.69 Million |
Industry Comparison
This section compares Bichamp Cutting Technology Hunan Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $2,838,344,634
- Average return on equity (ROE) among peers: 18.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bichamp Cutting Technology Hunan Co Ltd (002843) | CN¥1.42 Billion | 10.92% | 0.76x | $979.13 Million |
| Bosun Tools Co Ltd (002282) | $773.10 Million | 7.33% | 0.10x | $535.80 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $944.80 Million | 8.52% | 0.08x | $670.77 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $200.12 Million | 86.55% | 2.62x | $537.47 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $16.59 Billion | 13.89% | 0.39x | $5.98 Billion |
| Geron Co Ltd (002722) | $2.09 Billion | 4.98% | 0.32x | $510.88 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $265.78 Million | 17.29% | 0.56x | $2.16 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $2.70 Billion | 7.09% | 0.28x | $950.76 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $1.00 Billion | 12.81% | 0.62x | $780.34 Million |
| Wafangdian Bearing Co Ltd (200706) | $986.18 Million | 4.84% | 1.12x | $143.90 Million |
About Bichamp Cutting Technology Hunan Co Ltd
Bichamp Cutting Technology (Hunan) Co., Ltd. engages in the sawing and energy businesses in China. The company offers sawing tools, such as bimetal and carbide band saw blades that are used in automobile manufacturing, forging, aerospace, steel metallurgy, wind and nuclear power, rail transit, and machinery manufacturing applications. It also provides power solutions used in electric vehicle char… Read more