Bingshan Refrigeration and Heat Transfer Technologies Co Ltd
Bingshan Refrigeration & Heat Transfer Technologies Co., Ltd. engages in the design, manufacture, sale, installation, and maintenance of industrial refrigeration and heating, commercial refrigeration, and air conditioning equipment in China and internationally. The company's primary products include piston type, screw type, vortex type, and lithium bromide absorption refrigeration machines/units,… Read more
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) - Net Assets
Latest net assets as of June 2025: HK$3.23 Billion HKD
Based on the latest financial reports, Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) has net assets worth HK$3.23 Billion HKD as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$7.45 Billion) and total liabilities (HK$4.22 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 | HK$3.23 Billion |
| % of Total Assets | 43.35% |
| Annual Growth Rate | N/A |
| 5-Year Change | -7.54% |
| 10-Year Change | 17.51% |
| Growth Volatility | 15.32 |
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd - Net Assets Trend (1991–2024)
This chart illustrates how Bingshan Refrigeration and Heat Transfer Technologies Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (1991–2024)
The table below shows the annual net assets of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd from 1991 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | HK$3.19 Billion | +2.74% |
| 2023-12-31 | HK$3.10 Billion | +1.43% |
| 2022-12-31 | HK$3.06 Billion | +0.35% |
| 2021-12-31 | HK$3.05 Billion | -11.59% |
| 2020-12-31 | HK$3.45 Billion | -0.14% |
| 2019-12-31 | HK$3.45 Billion | -0.12% |
| 2018-12-31 | HK$3.46 Billion | -1.04% |
| 2017-12-31 | HK$3.49 Billion | +5.35% |
| 2016-12-31 | HK$3.32 Billion | +22.24% |
| 2015-12-31 | HK$2.71 Billion | +31.51% |
| 2014-12-31 | HK$2.06 Billion | +2.72% |
| 2013-12-31 | HK$2.01 Billion | +5.20% |
| 2012-12-31 | HK$1.91 Billion | +3.45% |
| 2011-12-31 | HK$1.85 Billion | +1.53% |
| 2010-12-31 | HK$1.82 Billion | +2.33% |
| 2009-12-31 | HK$1.78 Billion | +2.20% |
| 2008-12-31 | HK$1.74 Billion | +4.22% |
| 2007-12-31 | HK$1.67 Billion | +6.02% |
| 2006-12-31 | HK$1.57 Billion | +5.31% |
| 2005-12-31 | HK$1.49 Billion | +7.61% |
| 2004-12-31 | HK$1.39 Billion | +5.43% |
| 2003-12-31 | HK$1.32 Billion | +7.99% |
| 2002-12-31 | HK$1.22 Billion | +4.82% |
| 2001-12-31 | HK$1.16 Billion | +3.01% |
| 2000-12-31 | HK$1.13 Billion | +4.04% |
| 1999-12-31 | HK$1.09 Billion | +2.08% |
| 1998-12-31 | HK$1.06 Billion | +61.87% |
| 1997-12-31 | HK$657.04 Million | +54.70% |
| 1996-12-31 | HK$424.72 Million | +26.95% |
| 1995-12-31 | HK$334.56 Million | +18.32% |
| 1994-12-31 | HK$282.76 Million | +11.74% |
| 1993-12-31 | HK$253.05 Million | -- |
| 1992-12-31 | HK$0.00 | -- |
| 1991-12-31 | HK$0.00 | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bingshan Refrigeration and Heat Transfer Technologies 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 67396617700.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | HK$673.97 Million | 21.52% |
| Common Stock | HK$843.21 Million | 26.92% |
| Other Components | HK$1.61 Billion | 51.56% |
| Total Equity | HK$3.13 Billion | 100.00% |
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd Competitors by Market Cap
The table below lists competitors of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JanOne Inc
F:5AR1
|
$133.90 Million |
|
Hangzhou Huasu Technology Co. Ltd. A
SHE:301157
|
$133.95 Million |
|
Far East Orchard Ltd
F:O5P
|
$133.98 Million |
|
Guangxi Guidong Eletric Power Co Ltd
SHG:600310
|
$134.00 Million |
|
Sam-A Aluminiu
KO:006110
|
$133.88 Million |
|
Firstec
KO:010820
|
$133.88 Million |
|
Tjk Machinery Tianjin Co Ltd
SHE:300823
|
$133.87 Million |
|
First Steamship Co Ltd
TW:2601
|
$133.86 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bingshan Refrigeration and Heat Transfer Technologies Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,047,513,577 to 3,132,102,966, a change of 84,589,389 (2.8%).
- Net income of 110,335,139 contributed positively to equity growth.
- Dividend payments of 57,066,184 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$110.34 Million | +3.52% |
| Dividends Paid | HK$57.07 Million | -1.82% |
| Other Changes | HK$31.32 Million | +1.0% |
| Total Change | HK$- | 2.78% |
Book Value vs Market Value Analysis
This analysis compares Bingshan Refrigeration and Heat Transfer Technologies 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: 0.48x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.86x to 0.48x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | HK$2.04 | HK$1.76 | x |
| 2007-12-31 | HK$2.17 | HK$1.76 | x |
| 2008-12-31 | HK$2.23 | HK$1.76 | x |
| 2009-12-31 | HK$2.25 | HK$1.76 | x |
| 2010-12-31 | HK$2.39 | HK$1.76 | x |
| 2011-12-31 | HK$2.35 | HK$1.76 | x |
| 2012-12-31 | HK$2.43 | HK$1.76 | x |
| 2013-12-31 | HK$2.61 | HK$1.76 | x |
| 2014-12-31 | HK$2.68 | HK$1.76 | x |
| 2015-12-31 | HK$3.49 | HK$1.76 | x |
| 2016-12-31 | HK$3.92 | HK$1.76 | x |
| 2017-12-31 | HK$3.91 | HK$1.76 | x |
| 2018-12-31 | HK$3.97 | HK$1.76 | x |
| 2019-12-31 | HK$4.02 | HK$1.76 | x |
| 2020-12-31 | HK$3.95 | HK$1.76 | x |
| 2021-12-31 | HK$3.57 | HK$1.76 | x |
| 2022-12-31 | HK$3.21 | HK$1.76 | x |
| 2023-12-31 | HK$3.70 | HK$1.76 | x |
| 2024-12-31 | HK$3.69 | HK$1.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bingshan Refrigeration and Heat Transfer Technologies 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): 3.52%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.44%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.44x
- Recent ROE (3.52%) is below the historical average (6.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 12.90% | 10.07% | 0.43x | 2.99x | HK$2.84 Million |
| 1992 | 4.34% | 9.46% | 0.26x | 1.78x | HK$-22.90 Million |
| 1993 | 8.02% | 7.02% | 0.48x | 2.40x | HK$-5.00 Million |
| 1994 | 14.25% | 11.48% | 0.54x | 2.32x | HK$12.03 Million |
| 1995 | 13.27% | 9.99% | 0.63x | 2.12x | HK$10.95 Million |
| 1996 | 23.88% | 20.05% | 0.62x | 1.92x | HK$58.97 Million |
| 1997 | 17.78% | 18.81% | 0.55x | 1.72x | HK$49.88 Million |
| 1998 | 6.79% | 10.83% | 0.42x | 1.49x | HK$-33.41 Million |
| 1999 | 6.71% | 9.86% | 0.45x | 1.53x | HK$-34.89 Million |
| 2000 | 7.09% | 9.76% | 0.45x | 1.60x | HK$-32.12 Million |
| 2001 | 7.82% | 9.86% | 0.49x | 1.63x | HK$-24.83 Million |
| 2002 | 7.43% | 9.25% | 0.51x | 1.58x | HK$-30.57 Million |
| 2003 | 6.70% | 8.26% | 0.53x | 1.52x | HK$-42.40 Million |
| 2004 | 7.46% | 8.30% | 0.62x | 1.45x | HK$-34.32 Million |
| 2005 | 7.06% | 6.67% | 0.70x | 1.51x | HK$-41.94 Million |
| 2006 | 7.84% | 7.32% | 0.72x | 1.48x | HK$-32.32 Million |
| 2007 | 8.13% | 7.79% | 0.64x | 1.63x | HK$-29.60 Million |
| 2008 | 7.69% | 8.42% | 0.56x | 1.64x | HK$-38.32 Million |
| 2009 | 4.65% | 5.64% | 0.52x | 1.60x | HK$-90.33 Million |
| 2010 | 5.78% | 6.67% | 0.51x | 1.69x | HK$-72.80 Million |
| 2011 | 4.67% | 4.38% | 0.61x | 1.75x | HK$-93.26 Million |
| 2012 | 6.48% | 7.70% | 0.52x | 1.62x | HK$-63.74 Million |
| 2013 | 8.02% | 9.96% | 0.52x | 1.56x | HK$-37.70 Million |
| 2014 | 5.87% | 8.10% | 0.47x | 1.55x | HK$-81.26 Million |
| 2015 | 4.91% | 8.08% | 0.39x | 1.54x | HK$-134.81 Million |
| 2016 | 5.50% | 10.04% | 0.36x | 1.53x | HK$-146.15 Million |
| 2017 | 5.88% | 9.65% | 0.37x | 1.64x | HK$-140.89 Million |
| 2018 | 3.27% | 5.62% | 0.35x | 1.65x | HK$-227.26 Million |
| 2019 | 2.64% | 4.86% | 0.33x | 1.63x | HK$-248.84 Million |
| 2020 | 0.63% | 1.24% | 0.30x | 1.68x | HK$-316.22 Million |
| 2021 | -8.96% | -12.88% | 0.36x | 1.91x | HK$-569.34 Million |
| 2022 | 0.62% | 0.65% | 0.38x | 2.53x | HK$-281.89 Million |
| 2023 | 1.62% | 1.03% | 0.59x | 2.68x | HK$-255.38 Million |
| 2024 | 3.52% | 2.44% | 0.59x | 2.44x | HK$-202.88 Million |
Industry Comparison
This section compares Bingshan Refrigeration and Heat Transfer Technologies 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: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) | HK$3.23 Billion | 12.90% | 1.31x | $133.89 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |