Bear Electric Appliance Co Ltd (002959) - Net Assets
Based on the latest financial reports, Bear Electric Appliance Co Ltd (002959) has net assets worth CN¥3.03 Billion CNY (≈ $442.66 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¥5.55 Billion ≈ $812.06 Million USD) and total liabilities (CN¥2.52 Billion ≈ $369.40 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 financial resilience of Bear Electric Appliance Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.03 Billion |
| % of Total Assets | 54.51% |
| Annual Growth Rate | 71.28% |
| 5-Year Change | 47.54% |
| 10-Year Change | N/A |
| Growth Volatility | 139.07 |
Bear Electric Appliance Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Bear Electric Appliance Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Bear Electric Appliance Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Bear Electric Appliance Co Ltd (2015–2024)
The table below shows the annual net assets of Bear Electric Appliance Co Ltd from 2015 to 2024. For live valuation and market cap data, see Bear Electric Appliance Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.91 Billion ≈ $425.94 Million |
+6.37% |
| 2023-12-31 | CN¥2.74 Billion ≈ $400.43 Million |
+15.63% |
| 2022-12-31 | CN¥2.37 Billion ≈ $346.31 Million |
+14.38% |
| 2021-12-31 | CN¥2.07 Billion ≈ $302.76 Million |
+4.87% |
| 2020-12-31 | CN¥1.97 Billion ≈ $288.69 Million |
+18.51% |
| 2019-12-31 | CN¥1.66 Billion ≈ $243.60 Million |
+262.12% |
| 2018-12-31 | CN¥459.71 Million ≈ $67.27 Million |
+67.65% |
| 2017-12-31 | CN¥274.21 Million ≈ $40.12 Million |
+126.73% |
| 2016-12-31 | CN¥120.94 Million ≈ $17.70 Million |
+427.60% |
| 2015-12-31 | CN¥22.92 Million ≈ $3.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bear Electric Appliance 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 25069.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.62 Billion | 57.27% |
| Common Stock | CN¥157.06 Million | 5.56% |
| Other Components | CN¥1.05 Billion | 37.17% |
| Total Equity | CN¥2.82 Billion | 100.00% |
Bear Electric Appliance Co Ltd Competitors by Market Cap
The table below lists competitors of Bear Electric Appliance Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Kinlong Hardware Products Co Ltd
SHE:002791
|
$950.76 Million |
|
CTT Correios de Portugal SA
LS:CTT
|
$950.92 Million |
|
Hangzhou Advance Gearbox Group Co Ltd
SHG:601177
|
$951.01 Million |
|
Empire State Realty Trust Inc
NYSE:ESRT
|
$951.02 Million |
|
Xiamen Anne Corp Ltd
SHE:002235
|
$949.87 Million |
|
Fujian Yuanli Active Carbon Co Ltd
SHE:300174
|
$949.72 Million |
|
Jiangxi Sanchuan Water Meter
SHE:300066
|
$949.66 Million |
|
Nanfang Ventilator Co Ltd
SHE:300004
|
$949.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bear Electric Appliance Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,736,440,000 to 2,822,580,000, a change of 86,140,000 (3.1%).
- Net income of 287,787,367 contributed positively to equity growth.
- Dividend payments of 192,915,000 reduced retained earnings.
- Share repurchases of 30,051,000 reduced equity.
- Other comprehensive income decreased equity by 100,243,514.
- Other factors increased equity by 121,562,147.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥287.79 Million | +10.2% |
| Dividends Paid | CN¥192.91 Million | -6.83% |
| Share Repurchases | CN¥30.05 Million | -1.06% |
| Other Comprehensive Income | CN¥-100.24 Million | -3.55% |
| Other Changes | CN¥121.56 Million | +4.31% |
| Total Change | CN¥- | 3.15% |
Book Value vs Market Value Analysis
This analysis compares Bear Electric Appliance 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: 2.28x
- 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 23.43x to 2.28x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥1.76 | CN¥41.28 | x |
| 2016-12-31 | CN¥9.21 | CN¥41.28 | x |
| 2017-12-31 | CN¥3.31 | CN¥41.28 | x |
| 2018-12-31 | CN¥3.93 | CN¥41.28 | x |
| 2019-12-31 | CN¥10.67 | CN¥41.28 | x |
| 2020-12-31 | CN¥12.65 | CN¥41.28 | x |
| 2021-12-31 | CN¥13.26 | CN¥41.28 | x |
| 2022-12-31 | CN¥15.16 | CN¥41.28 | x |
| 2023-12-31 | CN¥17.35 | CN¥41.28 | x |
| 2024-12-31 | CN¥18.14 | CN¥41.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bear Electric Appliance 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): 10.20%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.05%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 2.18x
- Recent ROE (10.20%) is below the historical average (58.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 312.99% | 9.90% | 2.73x | 11.59x | CN¥69.45 Million |
| 2016 | 87.24% | 10.01% | 2.44x | 3.57x | CN¥93.42 Million |
| 2017 | 53.45% | 8.90% | 2.26x | 2.66x | CN¥119.14 Million |
| 2018 | 40.35% | 9.09% | 1.93x | 2.30x | CN¥139.53 Million |
| 2019 | 16.11% | 9.98% | 1.06x | 1.52x | CN¥101.71 Million |
| 2020 | 21.70% | 11.70% | 0.99x | 1.87x | CN¥230.85 Million |
| 2021 | 13.70% | 7.86% | 1.00x | 1.75x | CN¥76.55 Million |
| 2022 | 16.33% | 9.38% | 0.85x | 2.06x | CN¥149.74 Million |
| 2023 | 16.27% | 9.45% | 0.87x | 1.97x | CN¥171.63 Million |
| 2024 | 10.20% | 6.05% | 0.77x | 2.18x | CN¥5.53 Million |
Industry Comparison
This section compares Bear Electric Appliance Co Ltd's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.
Industry Context
- Industry: Furnishings, Fixtures & Appliances
- Average net assets among peers: $13,235,595,160
- Average return on equity (ROE) among peers: 13.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bear Electric Appliance Co Ltd (002959) | CN¥3.03 Billion | 312.99% | 0.83x | $950.10 Million |
| Midea Group Co Ltd (000333) | $8.57 Billion | 16.79% | 2.20x | $82.47 Billion |
| Changhong Meiling Co Ltd (000521) | $4.99 Billion | 1.74% | 2.04x | $730.28 Million |
| Gree Electric Appliances Inc of Zhuhai (000651) | $101.88 Billion | 24.06% | 2.48x | $32.83 Billion |
| Hisense Kelon Electrical Holdings Co Ltd (000921) | $1.87 Billion | 38.32% | 3.91x | $3.25 Billion |
| Suncha Technology Co Ltd (001211) | $871.29 Million | 3.26% | 1.13x | $439.66 Million |
| Elec-Tech International Co Ltd (002005) | $4.28 Billion | 0.21% | 1.55x | $741.10 Million |
| Zhejiang Supor Co Ltd (002032) | $5.91 Billion | 28.27% | 0.80x | $5.52 Billion |
| Vatti Corp Ltd (002035) | $3.23 Billion | 12.61% | 0.81x | $730.59 Million |
| CNlight Co Ltd (002076) | $-43.83 Million | 0.00% | 0.00x | $355.44 Million |
| Guangzhou Seagull Kitchen And Bath Products Co Ltd (002084) | $797.95 Million | 5.06% | 1.07x | $364.92 Million |
About Bear Electric Appliance Co Ltd
Bear Electric Appliance Co.,Ltd. engages in the research and development, design, production, and sale of small household appliances under Bear brand name in China and internationally. The company offers small kitchen appliances, including rice and electric cookers, hot pots, wall breaking machines, air fryers, dough guns and mixers, noodle pressing machines, yogurt makers, soymilk makers, electr… Read more