Beijing Trust Far Tech (300231) - Net Assets
Based on the latest financial reports, Beijing Trust Far Tech (300231) has net assets worth CN¥1.64 Billion CNY (≈ $239.47 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.41 Billion ≈ $353.21 Million USD) and total liabilities (CN¥777.28 Million ≈ $113.74 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 300231 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.64 Billion |
| % of Total Assets | 67.8% |
| Annual Growth Rate | 27.96% |
| 5-Year Change | 16.05% |
| 10-Year Change | 231.56% |
| Growth Volatility | 58.92 |
Beijing Trust Far Tech - Net Assets Trend (2008–2024)
This chart illustrates how Beijing Trust Far Tech's net assets have evolved over time, based on quarterly financial data. Also explore 300231 total assets for the complete picture of this company's asset base.
Annual Net Assets for Beijing Trust Far Tech (2008–2024)
The table below shows the annual net assets of Beijing Trust Far Tech from 2008 to 2024. For live valuation and market cap data, see market cap of Beijing Trust Far Tech.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.63 Billion ≈ $238.75 Million |
+1.45% |
| 2023-12-31 | CN¥1.61 Billion ≈ $235.34 Million |
+1.46% |
| 2022-12-31 | CN¥1.59 Billion ≈ $231.97 Million |
+5.83% |
| 2021-12-31 | CN¥1.50 Billion ≈ $219.19 Million |
+6.54% |
| 2020-12-31 | CN¥1.41 Billion ≈ $205.74 Million |
+13.33% |
| 2019-12-31 | CN¥1.24 Billion ≈ $181.53 Million |
-10.50% |
| 2018-12-31 | CN¥1.39 Billion ≈ $202.83 Million |
+89.57% |
| 2017-12-31 | CN¥731.19 Million ≈ $107.00 Million |
+18.53% |
| 2016-12-31 | CN¥616.90 Million ≈ $90.27 Million |
+25.36% |
| 2015-12-31 | CN¥492.09 Million ≈ $72.01 Million |
+23.10% |
| 2014-12-31 | CN¥399.74 Million ≈ $58.49 Million |
+12.70% |
| 2013-12-31 | CN¥354.69 Million ≈ $51.90 Million |
+11.02% |
| 2012-12-31 | CN¥319.48 Million ≈ $46.75 Million |
+11.22% |
| 2011-12-31 | CN¥287.25 Million ≈ $42.03 Million |
+238.65% |
| 2010-12-31 | CN¥84.82 Million ≈ $12.41 Million |
+46.14% |
| 2009-12-31 | CN¥58.04 Million ≈ $8.49 Million |
+83.90% |
| 2008-12-31 | CN¥31.56 Million ≈ $4.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Beijing Trust Far Tech'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 1710.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥352.93 Million | 21.63% |
| Other Components | CN¥1.28 Billion | 78.37% |
| Total Equity | CN¥1.63 Billion | 100.00% |
Beijing Trust Far Tech Competitors by Market Cap
The table below lists competitors of Beijing Trust Far Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Enghouse Systems Ltd
TO:ENGH
|
$687.50 Million |
|
Nantong Guosheng Intelligence Technology Group Co Ltd
SHG:688558
|
$687.64 Million |
|
Linkage Software Co Ltd
SHG:688588
|
$687.77 Million |
|
Merry Electronics Co Ltd
TW:2439
|
$687.92 Million |
|
Argus Shanghai Textile Chemicals Co Ltd
SHG:603790
|
$687.17 Million |
|
Sekerbank TAS
IS:SKBNK
|
$687.04 Million |
|
AUPU Home Style Corp Ltd
SHG:603551
|
$686.86 Million |
|
Pegavision
TW:6491
|
$686.85 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Trust Far Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,608,274,141 to 1,631,569,802, a change of 23,295,661 (1.4%).
- Net loss of 117,992,735 reduced equity.
- Dividend payments of 96,246,751 reduced retained earnings.
- Other factors increased equity by 237,535,147.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-117.99 Million | -7.23% |
| Dividends Paid | CN¥96.25 Million | -5.9% |
| Other Changes | CN¥237.54 Million | +14.56% |
| Total Change | CN¥- | 1.45% |
Book Value vs Market Value Analysis
This analysis compares Beijing Trust Far Tech'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: 2.88x
- 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 5.51x to 2.88x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.92 | CN¥10.57 | x |
| 2018-12-31 | CN¥3.14 | CN¥10.57 | x |
| 2019-12-31 | CN¥2.81 | CN¥10.57 | x |
| 2020-12-31 | CN¥3.18 | CN¥10.57 | x |
| 2021-12-31 | CN¥3.39 | CN¥10.57 | x |
| 2022-12-31 | CN¥3.59 | CN¥10.57 | x |
| 2023-12-31 | CN¥3.84 | CN¥10.57 | x |
| 2024-12-31 | CN¥3.67 | CN¥10.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Trust Far Tech 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): -7.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.33%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 1.70x
- Recent ROE (-7.23%) is below the historical average (14.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | 35.47% | 8.97% | 1.71x | 2.31x | CN¥7.83 Million |
| 2009 | 29.14% | 15.07% | 1.22x | 1.58x | CN¥11.11 Million |
| 2010 | 31.57% | 16.94% | 1.30x | 1.43x | CN¥18.30 Million |
| 2011 | 12.04% | 17.56% | 0.61x | 1.13x | CN¥5.87 Million |
| 2012 | 12.59% | 11.98% | 0.82x | 1.28x | CN¥8.28 Million |
| 2013 | 13.31% | 12.37% | 0.86x | 1.26x | CN¥11.74 Million |
| 2014 | 14.44% | 11.80% | 0.93x | 1.31x | CN¥17.76 Million |
| 2015 | 16.93% | 12.41% | 1.02x | 1.34x | CN¥34.10 Million |
| 2016 | 18.80% | 11.04% | 1.05x | 1.63x | CN¥54.28 Million |
| 2017 | 16.82% | 13.18% | 0.68x | 1.88x | CN¥49.89 Million |
| 2018 | 8.12% | 9.22% | 0.66x | 1.33x | CN¥-26.10 Million |
| 2019 | 10.90% | 8.77% | 0.61x | 2.03x | CN¥11.13 Million |
| 2020 | 11.57% | 7.02% | 0.77x | 2.14x | CN¥22.02 Million |
| 2021 | 11.37% | 7.25% | 0.85x | 1.84x | CN¥20.50 Million |
| 2022 | 10.96% | 7.17% | 0.88x | 1.74x | CN¥15.24 Million |
| 2023 | 6.60% | 5.37% | 0.79x | 1.56x | CN¥-54.72 Million |
| 2024 | -7.23% | -7.33% | 0.58x | 1.70x | CN¥-281.15 Million |
Industry Comparison
This section compares Beijing Trust Far Tech's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,192,409,576
- Average return on equity (ROE) among peers: -56.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Trust Far Tech (300231) | CN¥1.64 Billion | 35.47% | 0.47x | $687.20 Million |
| Digital China Group Co Ltd (000034) | $-806.39 Million | 0.00% | 0.00x | $4.00 Billion |
| ZJBC Information Technology Co Ltd (000889) | $338.44 Million | -592.41% | 3.36x | $605.58 Million |
| Yunnan Nantian Electronics Information Co Ltd (000948) | $516.76 Million | 0.60% | 0.37x | $826.70 Million |
| Guomai Technologies Inc (002093) | $1.28 Billion | 8.47% | 0.78x | $1.23 Billion |
| Shanghai HiTech Control System (002184) | $1.27 Billion | 1.14% | 0.70x | $601.98 Million |
| SZZT Electronics Co Ltd (002197) | $2.42 Billion | -9.95% | 1.15x | $723.70 Million |
| Talkweb Information System Co Ltd (002261) | $3.78 Billion | 5.60% | 0.12x | $6.53 Billion |
| Westone Information Industry Inc (002268) | $378.26 Million | 9.09% | 0.20x | $1.94 Billion |
| Taiji Computer Corp Ltd (002368) | $2.03 Billion | 9.66% | 1.05x | $1.57 Billion |
| COSCO SHIPPING Technology Co Ltd (002401) | $715.73 Million | 7.66% | 0.70x | $771.75 Million |
About Beijing Trust Far Tech
Beijing Trust & Far Technology Co.,Ltd, together with its subsidiaries, provides data center information technology infrastructure operation and maintenance services in China. The company offers intelligent integrated operation and maintenance management system based on big data, which is for monitoring level and fault response; DBScale database container platform, which is for building an enterp… Read more