Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) - Net Assets
Based on the latest financial reports, Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (200530) has net assets worth HK$3.23 Billion HKD (≈ $412.92 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$7.34 Billion ≈ $937.18 Million USD) and total liabilities (HK$4.11 Billion ≈ $524.26 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 tangible equity quality of Bingshan Refrigeration and Heat Transfer to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | HK$3.23 Billion |
| % of Total Assets | 44.06% |
| Annual Growth Rate | N/A |
| 5-Year Change | 5.35% |
| 10-Year Change | -3.15% |
| Growth Volatility | 15.15 |
Bingshan Refrigeration and Heat Transfer Technologies Co Ltd - Net Assets Trend (1991–2025)
This chart illustrates how Bingshan Refrigeration and Heat Transfer Technologies Co Ltd's net assets have evolved over time, based on quarterly financial data. See 200530 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bingshan Refrigeration and Heat Transfer Technologies Co Ltd (1991–2025)
The table below shows the annual net assets of Bingshan Refrigeration and Heat Transfer Technologies Co Ltd from 1991 to 2025. For live valuation and market cap data, see 200530 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | HK$3.21 Billion ≈ $410.12 Million |
+0.74% |
| 2024-12-31 | HK$3.19 Billion ≈ $407.10 Million |
+2.74% |
| 2023-12-31 | HK$3.10 Billion ≈ $396.24 Million |
+1.43% |
| 2022-12-31 | HK$3.06 Billion ≈ $390.66 Million |
+0.35% |
| 2021-12-31 | HK$3.05 Billion ≈ $389.28 Million |
-11.59% |
| 2020-12-31 | HK$3.45 Billion ≈ $440.30 Million |
-0.14% |
| 2019-12-31 | HK$3.45 Billion ≈ $440.93 Million |
-0.12% |
| 2018-12-31 | HK$3.46 Billion ≈ $441.48 Million |
-1.04% |
| 2017-12-31 | HK$3.49 Billion ≈ $446.13 Million |
+5.35% |
| 2016-12-31 | HK$3.32 Billion ≈ $423.48 Million |
+22.24% |
| 2015-12-31 | HK$2.71 Billion ≈ $346.44 Million |
+31.51% |
| 2014-12-31 | HK$2.06 Billion ≈ $263.43 Million |
+2.72% |
| 2013-12-31 | HK$2.01 Billion ≈ $256.47 Million |
+5.20% |
| 2012-12-31 | HK$1.91 Billion ≈ $243.80 Million |
+3.45% |
| 2011-12-31 | HK$1.85 Billion ≈ $235.68 Million |
+1.53% |
| 2010-12-31 | HK$1.82 Billion ≈ $232.14 Million |
+2.33% |
| 2009-12-31 | HK$1.78 Billion ≈ $226.85 Million |
+2.20% |
| 2008-12-31 | HK$1.74 Billion ≈ $221.98 Million |
+4.22% |
| 2007-12-31 | HK$1.67 Billion ≈ $213.00 Million |
+6.02% |
| 2006-12-31 | HK$1.57 Billion ≈ $200.90 Million |
+5.31% |
| 2005-12-31 | HK$1.49 Billion ≈ $190.76 Million |
+7.61% |
| 2004-12-31 | HK$1.39 Billion ≈ $177.27 Million |
+5.43% |
| 2003-12-31 | HK$1.32 Billion ≈ $168.14 Million |
+7.99% |
| 2002-12-31 | HK$1.22 Billion ≈ $155.70 Million |
+4.82% |
| 2001-12-31 | HK$1.16 Billion ≈ $148.54 Million |
+3.01% |
| 2000-12-31 | HK$1.13 Billion ≈ $144.20 Million |
+4.04% |
| 1999-12-31 | HK$1.09 Billion ≈ $138.59 Million |
+2.08% |
| 1998-12-31 | HK$1.06 Billion ≈ $135.77 Million |
+61.87% |
| 1997-12-31 | HK$657.04 Million ≈ $83.87 Million |
+54.70% |
| 1996-12-31 | HK$424.72 Million ≈ $54.22 Million |
+26.95% |
| 1995-12-31 | HK$334.56 Million ≈ $42.71 Million |
+18.32% |
| 1994-12-31 | HK$282.76 Million ≈ $36.10 Million |
+11.74% |
| 1993-12-31 | HK$253.05 Million ≈ $32.30 Million |
-- |
| 1992-12-31 | HK$0.00 ≈ $0.00 |
-- |
| 1991-12-31 | HK$0.00 ≈ $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 66626052487.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | HK$666.26 Million | 21.12% |
| Other Components | HK$2.49 Billion | 78.88% |
| Total Equity | HK$3.15 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 |
|---|---|
|
Novotek AB
ST:NTEK-B
|
$49.94 Million |
|
Broad Capital Acquisition Corp Unit
NASDAQ:BRACU
|
$49.95 Million |
|
Cyclopharm Ltd
AU:CYC
|
$49.95 Million |
|
Oneflow AB
ST:ONEF
|
$49.96 Million |
|
Unimech Group Bhd
KLSE:7091
|
$49.93 Million |
|
Springwater Special Situations Corp
NASDAQ:SWSS
|
$49.90 Million |
|
Kanpur Plastipack Limited
NSE:KANPRPLA
|
$49.89 Million |
|
Tanami Gold NL
AU:TAM
|
$49.89 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 2024 to 2025, total equity changed from 3,132,102,966 to 3,153,969,752, a change of 21,866,786 (0.7%).
- Net income of 62,038,794 contributed positively to equity growth.
- Dividend payments of 61,302,614 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$62.04 Million | +1.97% |
| Dividends Paid | HK$61.30 Million | -1.94% |
| Other Changes | HK$21.13 Million | +0.67% |
| Total Change | HK$- | 0.70% |
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: 0.43x
- 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 0.80x to 0.43x 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$1.62 | x |
| 2007-12-31 | HK$2.17 | HK$1.62 | x |
| 2008-12-31 | HK$2.23 | HK$1.62 | x |
| 2009-12-31 | HK$2.25 | HK$1.62 | x |
| 2010-12-31 | HK$2.39 | HK$1.62 | x |
| 2011-12-31 | HK$2.35 | HK$1.62 | x |
| 2012-12-31 | HK$2.43 | HK$1.62 | x |
| 2013-12-31 | HK$2.61 | HK$1.62 | x |
| 2014-12-31 | HK$2.68 | HK$1.62 | x |
| 2015-12-31 | HK$3.49 | HK$1.62 | x |
| 2016-12-31 | HK$3.92 | HK$1.62 | x |
| 2017-12-31 | HK$3.91 | HK$1.62 | x |
| 2018-12-31 | HK$3.97 | HK$1.62 | x |
| 2019-12-31 | HK$4.02 | HK$1.62 | x |
| 2020-12-31 | HK$3.95 | HK$1.62 | x |
| 2021-12-31 | HK$3.57 | HK$1.62 | x |
| 2022-12-31 | HK$3.21 | HK$1.62 | x |
| 2023-12-31 | HK$3.70 | HK$1.62 | x |
| 2024-12-31 | HK$3.69 | HK$1.62 | x |
| 2025-12-31 | HK$3.74 | HK$1.62 | 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): 1.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.41%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.41x
- Recent ROE (1.97%) is below the historical average (6.64%), 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$-134.81 Million |
| 2016 | 5.61% | 9.63% | 0.38x | 1.53x | HK$-142.55 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 |
| 2025 | 1.97% | 1.41% | 0.58x | 2.41x | HK$-253.36 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: $2,053,540,271
- Average return on equity (ROE) among peers: 4.45%
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% | 1.27x | $49.94 Million |
| Huayi Compressor Co Ltd (000404) | $2.70 Billion | 6.94% | 1.45x | $768.94 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.11 Billion | 8.63% | 3.77x | $1.98 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.75 Billion | 8.40% | 0.54x | $4.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $657.04 Million | 17.35% | 0.68x | $478.11 Million |
| Changchai Co Ltd (000570) | $2.06 Billion | 3.02% | 0.72x | $409.83 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $437.03 Million | 6.41% | 1.13x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $356.47 Million | -22.08% | 1.87x | $1.07 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.10 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $788.41 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $803.92 Million | 9.00% | 0.67x | $1.83 Billion |
About 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