Wafangdian Bearing Co Ltd
Wafangdian Bearing Company Limited engages in manufacturing and selling bearing, mechanical equipment, auto parts, abrasives, casting, tooling, and related products in China and internationally. It also exports its products. The company was founded in 1996 and is based in Wafangdian, China. Wafangdian Bearing Company Limited operates as a subsidiary of Wafangdian Bearing Group Corporation.
Wafangdian Bearing Co Ltd (200706) - Net Assets
Latest net assets as of June 2025: HK$240.62 Million HKD
Based on the latest financial reports, Wafangdian Bearing Co Ltd (200706) has net assets worth HK$240.62 Million 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$3.02 Billion) and total liabilities (HK$2.78 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$240.62 Million |
| % of Total Assets | 7.97% |
| Annual Growth Rate | -4.6% |
| 5-Year Change | -67.94% |
| 10-Year Change | -80.65% |
| Growth Volatility | 11.69 |
Wafangdian Bearing Co Ltd - Net Assets Trend (1997–2024)
This chart illustrates how Wafangdian Bearing 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 Wafangdian Bearing Co Ltd (1997–2024)
The table below shows the annual net assets of Wafangdian Bearing Co Ltd from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | HK$260.98 Million | -29.71% |
| 2023-12-31 | HK$371.31 Million | -21.05% |
| 2022-12-31 | HK$470.30 Million | -22.68% |
| 2021-12-31 | HK$608.27 Million | -25.27% |
| 2020-12-31 | HK$814.00 Million | -33.63% |
| 2019-12-31 | HK$1.23 Billion | -11.13% |
| 2018-12-31 | HK$1.38 Billion | -0.39% |
| 2017-12-31 | HK$1.39 Billion | +0.45% |
| 2016-12-31 | HK$1.38 Billion | +2.29% |
| 2015-12-31 | HK$1.35 Billion | -2.42% |
| 2014-12-31 | HK$1.38 Billion | -8.18% |
| 2013-12-31 | HK$1.50 Billion | -0.72% |
| 2012-12-31 | HK$1.52 Billion | +1.76% |
| 2011-12-31 | HK$1.49 Billion | +3.07% |
| 2010-12-31 | HK$1.45 Billion | +6.70% |
| 2009-12-31 | HK$1.35 Billion | +3.92% |
| 2008-12-31 | HK$1.30 Billion | +8.36% |
| 2007-12-31 | HK$1.20 Billion | +4.24% |
| 2006-12-31 | HK$1.15 Billion | +5.43% |
| 2005-12-31 | HK$1.09 Billion | +1.86% |
| 2004-12-31 | HK$1.07 Billion | +3.40% |
| 2003-12-31 | HK$1.04 Billion | +2.10% |
| 2002-12-31 | HK$1.02 Billion | -2.56% |
| 2001-12-31 | HK$1.04 Billion | +2.43% |
| 2000-12-31 | HK$1.02 Billion | +2.72% |
| 1999-12-31 | HK$992.65 Million | +0.66% |
| 1998-12-31 | HK$986.18 Million | +5.84% |
| 1997-12-31 | HK$931.76 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wafangdian Bearing 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 decreased by 945.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | HK$402.60 Million | 154.26% |
| Other Components | HK$624.77 Million | 239.39% |
| Total Equity | HK$260.98 Million | 100.00% |
Wafangdian Bearing Co Ltd Competitors by Market Cap
The table below lists competitors of Wafangdian Bearing Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PLASTIQ.V.LOI.INH.EO -90
F:1R9
|
$24.70 Million |
|
CONX Corp
NASDAQ:CONX
|
$24.71 Million |
|
Fks Multi Agro Tbk
JK:FISH
|
$24.71 Million |
|
ALXPF
PINK:ALXPF
|
$24.72 Million |
|
ZUE SA
WAR:ZUE
|
$24.69 Million |
|
Hansae Yes24
KO:016450
|
$24.69 Million |
|
SRG Mining Inc
PINK:SRGMF
|
$24.69 Million |
|
Tirathai Public Company Limited
BK:TRT
|
$24.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wafangdian Bearing Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 371,306,068 to 260,983,803, a change of -110,322,265 (-29.7%).
- Net loss of 110,212,481 reduced equity.
- Dividend payments of 30,782,037 reduced retained earnings.
- Other factors increased equity by 30,672,253.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | HK$-110.21 Million | -42.23% |
| Dividends Paid | HK$30.78 Million | -11.79% |
| Other Changes | HK$30.67 Million | +11.75% |
| Total Change | HK$- | -29.71% |
Book Value vs Market Value Analysis
This analysis compares Wafangdian Bearing 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: 4.32x
- 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 increased from 1.22x to 4.32x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | HK$2.29 | HK$2.80 | x |
| 2007-12-31 | HK$2.99 | HK$2.80 | x |
| 2008-12-31 | HK$3.29 | HK$2.80 | x |
| 2009-12-31 | HK$3.40 | HK$2.80 | x |
| 2010-12-31 | HK$3.62 | HK$2.80 | x |
| 2011-12-31 | HK$3.69 | HK$2.80 | x |
| 2012-12-31 | HK$3.94 | HK$2.80 | x |
| 2013-12-31 | HK$7.44 | HK$2.80 | x |
| 2014-12-31 | HK$3.46 | HK$2.80 | x |
| 2015-12-31 | HK$3.23 | HK$2.80 | x |
| 2016-12-31 | HK$3.57 | HK$2.80 | x |
| 2017-12-31 | HK$4.08 | HK$2.80 | x |
| 2018-12-31 | HK$3.89 | HK$2.80 | x |
| 2019-12-31 | HK$3.09 | HK$2.80 | x |
| 2020-12-31 | HK$2.01 | HK$2.80 | x |
| 2021-12-31 | HK$1.51 | HK$2.80 | x |
| 2022-12-31 | HK$1.17 | HK$2.80 | x |
| 2023-12-31 | HK$0.92 | HK$2.80 | x |
| 2024-12-31 | HK$0.65 | HK$2.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wafangdian Bearing 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): -42.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.37%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 12.71x
- Recent ROE (-42.23%) is below the historical average (-4.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 11.83% | 8.69% | 0.69x | 1.98x | HK$17.06 Million |
| 1998 | 4.88% | 4.01% | 0.57x | 2.14x | HK$-50.12 Million |
| 1999 | 4.59% | 4.05% | 0.51x | 2.22x | HK$-53.32 Million |
| 2000 | 4.37% | 4.04% | 0.51x | 2.13x | HK$-57.04 Million |
| 2001 | 2.37% | 2.29% | 0.49x | 2.10x | HK$-79.26 Million |
| 2002 | 1.45% | 1.34% | 0.54x | 2.01x | HK$-86.70 Million |
| 2003 | 2.72% | 2.26% | 0.59x | 2.03x | HK$-75.46 Million |
| 2004 | 3.25% | 2.23% | 0.71x | 2.06x | HK$-72.25 Million |
| 2005 | 2.83% | 1.87% | 0.69x | 2.19x | HK$-78.25 Million |
| 2006 | 3.92% | 2.57% | 0.70x | 2.19x | HK$-69.89 Million |
| 2007 | 7.35% | 3.54% | 0.93x | 2.22x | HK$-31.81 Million |
| 2008 | 7.91% | 3.46% | 1.04x | 2.21x | HK$-27.12 Million |
| 2009 | 5.00% | 2.93% | 0.79x | 2.17x | HK$-67.62 Million |
| 2010 | 6.08% | 2.88% | 0.98x | 2.16x | HK$-56.63 Million |
| 2011 | 4.06% | 1.86% | 0.92x | 2.37x | HK$-88.45 Million |
| 2012 | 2.79% | 1.37% | 0.85x | 2.39x | HK$-109.31 Million |
| 2013 | 0.13% | 0.07% | 0.83x | 2.47x | HK$-148.47 Million |
| 2014 | -7.52% | -3.45% | 0.76x | 2.85x | HK$-242.09 Million |
| 2015 | -2.48% | -1.45% | 0.65x | 2.61x | HK$-168.23 Million |
| 2016 | 2.24% | 1.24% | 0.70x | 2.58x | HK$-107.06 Million |
| 2017 | 0.73% | 0.46% | 0.68x | 2.32x | HK$-128.37 Million |
| 2018 | 0.77% | 0.49% | 0.66x | 2.39x | HK$-127.37 Million |
| 2019 | -10.05% | -6.64% | 0.63x | 2.41x | HK$-245.85 Million |
| 2020 | -46.71% | -20.45% | 0.59x | 3.85x | HK$-461.63 Million |
| 2021 | -33.82% | -8.87% | 0.72x | 5.29x | HK$-266.56 Million |
| 2022 | -29.75% | -5.96% | 0.71x | 7.07x | HK$-186.93 Million |
| 2023 | -26.79% | -4.54% | 0.69x | 8.57x | HK$-136.61 Million |
| 2024 | -42.23% | -5.37% | 0.62x | 12.71x | HK$-136.31 Million |
Industry Comparison
This section compares Wafangdian Bearing Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,564,849,582
- Average return on equity (ROE) among peers: 6.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wafangdian Bearing Co Ltd (200706) | HK$240.62 Million | 11.83% | 11.55x | $24.70 Million |
| Shandong Tengda Fasten Tech (001379) | $566.40 Million | 23.82% | 1.83x | $190.73 Million |
| Bosun Tools Co Ltd (002282) | $2.24 Billion | 3.22% | 0.22x | $214.50 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $1.24 Billion | 4.97% | 0.07x | $402.89 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.26 Billion | 7.26% | 0.27x | $327.01 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $5.74 Billion | 10.83% | 0.24x | $2.87 Billion |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $654.96 Million | 4.18% | 0.36x | $898.16 Million |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $532.49 Million | 21.79% | 0.53x | $425.67 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $371.05 Million | 15.74% | 0.48x | $449.82 Million |
| Beijing Dinghan Tech Co (300011) | $1.48 Billion | -31.84% | 1.24x | $436.80 Million |