Beijing Bei Mo Gao Ke Friction Mate
Beijing Beimo High-tech Frictional Material Co.,Ltd engages in the research and development, production, and sale of brake products for military aircraft and ground equipment. The company offers aircraft brake control systems, aircraft wheels, brake discs, landing gears, civil aviation aircraft landing gear and landing systems, and high-speed train brake products, as well as provision of electron… Read more
Beijing Bei Mo Gao Ke Friction Mate (002985) - Net Assets
Latest net assets as of September 2025: CN¥2.69 Billion CNY
Based on the latest financial reports, Beijing Bei Mo Gao Ke Friction Mate (002985) has net assets worth CN¥2.69 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.82 Billion) and total liabilities (CN¥1.13 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.69 Billion |
| % of Total Assets | 70.37% |
| Annual Growth Rate | 24.38% |
| 5-Year Change | 12.93% |
| 10-Year Change | N/A |
| Growth Volatility | 36.3 |
Beijing Bei Mo Gao Ke Friction Mate - Net Assets Trend (2015–2024)
This chart illustrates how Beijing Bei Mo Gao Ke Friction Mate's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Beijing Bei Mo Gao Ke Friction Mate (2015–2024)
The table below shows the annual net assets of Beijing Bei Mo Gao Ke Friction Mate from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.56 Billion | -33.12% |
| 2023-12-31 | CN¥3.83 Billion | +7.46% |
| 2022-12-31 | CN¥3.57 Billion | +34.44% |
| 2021-12-31 | CN¥2.65 Billion | +16.88% |
| 2020-12-31 | CN¥2.27 Billion | +101.83% |
| 2019-12-31 | CN¥1.13 Billion | +23.60% |
| 2018-12-31 | CN¥910.30 Million | +20.11% |
| 2017-12-31 | CN¥757.88 Million | +72.59% |
| 2016-12-31 | CN¥439.12 Million | +22.03% |
| 2015-12-31 | CN¥359.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Beijing Bei Mo Gao Ke Friction Mate'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 1154.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.12 Billion | 44.78% |
| Common Stock | CN¥331.85 Million | 13.29% |
| Other Components | CN¥1.05 Billion | 41.93% |
| Total Equity | CN¥2.50 Billion | 100.00% |
Beijing Bei Mo Gao Ke Friction Mate Competitors by Market Cap
The table below lists competitors of Beijing Bei Mo Gao Ke Friction Mate ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Doosan Co Ltd
KO:000157
|
$833.50 Million |
|
Changjiang & Jinggong Steel Building Group Co Ltd
SHG:600496
|
$833.89 Million |
|
Beijing Urban Construction Investment & Development Co Ltd
SHG:600266
|
$833.98 Million |
|
Jack Sewing
SHG:603337
|
$834.34 Million |
|
Greenland Holdings Corp Ltd
SHG:600606
|
$833.12 Million |
|
Momentum Group Limited
PINK:MMTHF
|
$833.03 Million |
|
Olema Pharmaceuticals Inc
NASDAQ:OLMA
|
$833.03 Million |
|
Dehua TB New Decoration Material Co Ltd
SHE:002043
|
$832.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Bei Mo Gao Ke Friction Mate's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,185,301,831 to 2,496,442,683, a change of -688,859,148 (-21.6%).
- Net income of 16,154,219 contributed positively to equity growth.
- Dividend payments of 138,493,128 reduced retained earnings.
- Other factors decreased equity by 566,520,239.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥16.15 Million | +0.65% |
| Dividends Paid | CN¥138.49 Million | -5.55% |
| Other Changes | CN¥-566.52 Million | -22.69% |
| Total Change | CN¥- | -21.63% |
Book Value vs Market Value Analysis
This analysis compares Beijing Bei Mo Gao Ke Friction Mate'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: 4.92x
- 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 18.01x to 4.92x 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¥2.11 | CN¥37.98 | x |
| 2016-12-31 | CN¥1.98 | CN¥37.98 | x |
| 2017-12-31 | CN¥3.31 | CN¥37.98 | x |
| 2018-12-31 | CN¥3.65 | CN¥37.98 | x |
| 2019-12-31 | CN¥3.39 | CN¥37.98 | x |
| 2020-12-31 | CN¥6.23 | CN¥37.98 | x |
| 2021-12-31 | CN¥7.39 | CN¥37.98 | x |
| 2022-12-31 | CN¥8.92 | CN¥37.98 | x |
| 2023-12-31 | CN¥9.67 | CN¥37.98 | x |
| 2024-12-31 | CN¥7.73 | CN¥37.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Bei Mo Gao Ke Friction Mate 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): 0.65%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.00%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.62x
- Recent ROE (0.65%) is below the historical average (12.38%), 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 | 6.59% | 12.46% | 0.39x | 1.37x | CN¥-12.28 Million |
| 2016 | 17.60% | 36.02% | 0.41x | 1.20x | CN¥33.37 Million |
| 2017 | 13.66% | 35.70% | 0.32x | 1.21x | CN¥27.73 Million |
| 2018 | 16.48% | 45.28% | 0.31x | 1.19x | CN¥58.99 Million |
| 2019 | 18.87% | 51.31% | 0.31x | 1.17x | CN¥99.78 Million |
| 2020 | 15.30% | 46.09% | 0.25x | 1.32x | CN¥109.64 Million |
| 2021 | 17.22% | 37.29% | 0.29x | 1.61x | CN¥177.13 Million |
| 2022 | 10.63% | 31.56% | 0.24x | 1.41x | CN¥18.71 Million |
| 2023 | 6.83% | 22.79% | 0.21x | 1.44x | CN¥-101.10 Million |
| 2024 | 0.65% | 3.00% | 0.13x | 1.62x | CN¥-233.49 Million |
Industry Comparison
This section compares Beijing Bei Mo Gao Ke Friction Mate's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,016,344,587
- Average return on equity (ROE) among peers: 10.64%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Bei Mo Gao Ke Friction Mate (002985) | CN¥2.69 Billion | 6.59% | 0.42x | $833.21 Million |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $102.23 Million | 20.95% | 1.61x | $576.57 Million |
| Aecc Aero Engine Control Co Ltd (000738) | $5.67 Billion | 4.58% | 0.28x | $1.93 Billion |
| Zhejiang XiaSha Precision (001316) | $476.25 Million | 27.15% | 0.22x | $218.15 Million |
| Sichuan Haite High-tech Co Ltd (002023) | $175.19 Million | 19.07% | 0.67x | $850.82 Million |
| Aerospace CH UAV Co Ltd (002389) | $6.37 Billion | 3.80% | 0.25x | $1.81 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $602.65 Million | 10.94% | 0.23x | $8.62 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.43 Billion | -4.03% | 0.22x | $429.19 Million |
| Shaanxi Zhongtian Rocket Technology (003009) | $421.86 Million | 7.68% | 1.25x | $416.06 Million |
| Bestway Marine & Energy Technology Co Ltd (300008) | $2.90 Billion | 5.59% | 0.31x | $1.63 Billion |