Beijing Gehua CATV Network Co Ltd (600037) - Net Assets
Based on the latest financial reports, Beijing Gehua CATV Network Co Ltd (600037) has net assets worth CN¥12.85 Billion CNY (≈ $1.88 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥15.63 Billion ≈ $2.29 Billion USD) and total liabilities (CN¥2.77 Billion ≈ $405.96 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 600037 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.85 Billion |
| % of Total Assets | 82.25% |
| Annual Growth Rate | 15.95% |
| 5-Year Change | -0.95% |
| 10-Year Change | 0.13% |
| Growth Volatility | 74.87 |
Beijing Gehua CATV Network Co Ltd - Net Assets Trend (1998–2025)
This chart illustrates how Beijing Gehua CATV Network Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Beijing Gehua CATV Network Co Ltd worth.
Annual Net Assets for Beijing Gehua CATV Network Co Ltd (1998–2025)
The table below shows the annual net assets of Beijing Gehua CATV Network Co Ltd from 1998 to 2025. Also explore Beijing Gehua CATV Network Co Ltd annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥12.71 Billion ≈ $1.86 Billion |
-0.03% |
| 2024-12-31 | CN¥12.71 Billion ≈ $1.86 Billion |
-0.91% |
| 2023-12-31 | CN¥12.83 Billion ≈ $1.88 Billion |
-2.09% |
| 2022-12-31 | CN¥13.10 Billion ≈ $1.92 Billion |
+2.11% |
| 2021-12-31 | CN¥12.83 Billion ≈ $1.88 Billion |
+1.21% |
| 2020-12-31 | CN¥12.68 Billion ≈ $1.85 Billion |
-5.61% |
| 2019-12-31 | CN¥13.43 Billion ≈ $1.97 Billion |
+2.94% |
| 2018-12-31 | CN¥13.05 Billion ≈ $1.91 Billion |
+2.06% |
| 2017-12-31 | CN¥12.78 Billion ≈ $1.87 Billion |
+0.74% |
| 2016-12-31 | CN¥12.69 Billion ≈ $1.86 Billion |
+10.03% |
| 2015-12-31 | CN¥11.53 Billion ≈ $1.69 Billion |
+83.22% |
| 2014-12-31 | CN¥6.29 Billion ≈ $921.13 Million |
+8.84% |
| 2013-12-31 | CN¥5.78 Billion ≈ $846.33 Million |
+4.94% |
| 2012-12-31 | CN¥5.51 Billion ≈ $806.51 Million |
+3.60% |
| 2011-12-31 | CN¥5.32 Billion ≈ $778.45 Million |
+1.12% |
| 2010-12-31 | CN¥5.26 Billion ≈ $769.82 Million |
+17.54% |
| 2009-12-31 | CN¥4.48 Billion ≈ $654.95 Million |
+4.03% |
| 2008-12-31 | CN¥4.30 Billion ≈ $629.57 Million |
+8.29% |
| 2007-12-31 | CN¥3.97 Billion ≈ $581.37 Million |
+8.24% |
| 2006-12-31 | CN¥3.67 Billion ≈ $537.09 Million |
+46.48% |
| 2005-12-31 | CN¥2.51 Billion ≈ $366.66 Million |
+28.43% |
| 2004-12-31 | CN¥1.95 Billion ≈ $285.49 Million |
+4.16% |
| 2003-12-31 | CN¥1.87 Billion ≈ $274.08 Million |
+8.32% |
| 2002-12-31 | CN¥1.73 Billion ≈ $253.02 Million |
+6.08% |
| 2001-12-31 | CN¥1.63 Billion ≈ $238.50 Million |
+395.96% |
| 2000-12-31 | CN¥328.63 Million ≈ $48.09 Million |
+11.65% |
| 1999-12-31 | CN¥294.34 Million ≈ $43.07 Million |
+25.96% |
| 1998-12-31 | CN¥233.68 Million ≈ $34.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Beijing Gehua CATV Network 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 377369817033.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.77 Billion | 29.70% |
| Other Components | CN¥8.93 Billion | 70.30% |
| Total Equity | CN¥12.71 Billion | 100.00% |
Beijing Gehua CATV Network Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing Gehua CATV Network Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Poongsan
KO:103140
|
$1.46 Billion |
|
WEBTOON Entertainment Inc. Common stock
NASDAQ:WBTN
|
$1.46 Billion |
|
uniQure N.V
F:UQ1
|
$1.46 Billion |
|
Chagee Holdings Limited American Depositary Shares
NASDAQ:CHA
|
$1.46 Billion |
|
Triangle Tyre Co Ltd
SHG:601163
|
$1.46 Billion |
|
Asana Inc
NYSE:ASAN
|
$1.46 Billion |
|
Qinchuan Machine Tool & Tool Group Share Co Ltd
SHE:000837
|
$1.46 Billion |
|
Shanghai Milkground Food Tech Co Ltd
SHG:600882
|
$1.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Gehua CATV Network Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,710,531,965 to 12,707,267,082, a change of -3,264,883 (-0.0%).
- Net income of 34,313,120 contributed positively to equity growth.
- Dividend payments of 37,578,003 reduced retained earnings.
- Other comprehensive income decreased equity by 1,027,017,252.
- Other factors increased equity by 1,027,017,252.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥34.31 Million | +0.27% |
| Dividends Paid | CN¥37.58 Million | -0.3% |
| Other Comprehensive Income | CN¥-1.03 Billion | -8.08% |
| Other Changes | CN¥1.03 Billion | +8.08% |
| Total Change | CN¥- | -0.03% |
Book Value vs Market Value Analysis
This analysis compares Beijing Gehua CATV Network 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: 0.78x
- 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 31.66x to 0.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1998-12-31 | CN¥0.23 | CN¥7.18 | x |
| 1999-12-31 | CN¥0.29 | CN¥7.18 | x |
| 2000-12-31 | CN¥0.32 | CN¥7.18 | x |
| 2001-12-31 | CN¥1.58 | CN¥7.18 | x |
| 2002-12-31 | CN¥1.68 | CN¥7.18 | x |
| 2003-12-31 | CN¥1.82 | CN¥7.18 | x |
| 2004-12-31 | CN¥1.89 | CN¥7.18 | x |
| 2005-12-31 | CN¥2.43 | CN¥7.18 | x |
| 2006-12-31 | CN¥3.56 | CN¥7.18 | x |
| 2007-12-31 | CN¥3.74 | CN¥7.18 | x |
| 2008-12-31 | CN¥4.06 | CN¥7.18 | x |
| 2009-12-31 | CN¥4.22 | CN¥7.18 | x |
| 2010-12-31 | CN¥4.92 | CN¥7.18 | x |
| 2011-12-31 | CN¥4.96 | CN¥7.18 | x |
| 2012-12-31 | CN¥5.19 | CN¥7.18 | x |
| 2013-12-31 | CN¥5.45 | CN¥7.18 | x |
| 2014-12-31 | CN¥5.93 | CN¥7.18 | x |
| 2015-12-31 | CN¥10.17 | CN¥7.18 | x |
| 2016-12-31 | CN¥9.12 | CN¥7.18 | x |
| 2017-12-31 | CN¥9.19 | CN¥7.18 | x |
| 2018-12-31 | CN¥9.37 | CN¥7.18 | x |
| 2019-12-31 | CN¥9.65 | CN¥7.18 | x |
| 2020-12-31 | CN¥9.11 | CN¥7.18 | x |
| 2021-12-31 | CN¥9.22 | CN¥7.18 | x |
| 2022-12-31 | CN¥9.41 | CN¥7.18 | x |
| 2023-12-31 | CN¥9.22 | CN¥7.18 | x |
| 2024-12-31 | CN¥9.14 | CN¥7.18 | x |
| 2025-12-31 | CN¥9.15 | CN¥7.18 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Gehua CATV Network 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): 0.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.55%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.25x
- Recent ROE (0.27%) is below the historical average (8.50%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 24.28% | 43.90% | 0.36x | 1.55x | CN¥33.36 Million |
| 1999 | 31.03% | 50.65% | 0.37x | 1.67x | CN¥61.90 Million |
| 2000 | 33.23% | 47.13% | 0.38x | 1.84x | CN¥76.35 Million |
| 2001 | 8.73% | 43.31% | 0.17x | 1.18x | CN¥-20.64 Million |
| 2002 | 7.02% | 27.00% | 0.21x | 1.24x | CN¥-51.45 Million |
| 2003 | 12.62% | 35.25% | 0.28x | 1.26x | CN¥49.06 Million |
| 2004 | 10.47% | 28.22% | 0.19x | 1.95x | CN¥9.14 Million |
| 2005 | 10.80% | 30.23% | 0.22x | 1.61x | CN¥20.14 Million |
| 2006 | 11.79% | 42.64% | 0.23x | 1.22x | CN¥65.80 Million |
| 2007 | 9.24% | 30.96% | 0.24x | 1.27x | CN¥-30.20 Million |
| 2008 | 7.65% | 24.18% | 0.24x | 1.32x | CN¥-101.12 Million |
| 2009 | 7.38% | 21.77% | 0.26x | 1.31x | CN¥-117.20 Million |
| 2010 | 6.58% | 18.26% | 0.21x | 1.74x | CN¥-179.85 Million |
| 2011 | 5.24% | 15.12% | 0.17x | 2.09x | CN¥-252.79 Million |
| 2012 | 5.40% | 13.51% | 0.21x | 1.89x | CN¥-253.37 Million |
| 2013 | 6.52% | 16.75% | 0.22x | 1.79x | CN¥-201.09 Million |
| 2014 | 9.04% | 23.06% | 0.24x | 1.66x | CN¥-60.18 Million |
| 2015 | 5.83% | 26.20% | 0.18x | 1.22x | CN¥-480.24 Million |
| 2016 | 5.71% | 27.21% | 0.18x | 1.19x | CN¥-543.82 Million |
| 2017 | 5.96% | 28.22% | 0.18x | 1.20x | CN¥-517.11 Million |
| 2018 | 5.32% | 25.47% | 0.17x | 1.22x | CN¥-610.48 Million |
| 2019 | 4.33% | 21.09% | 0.17x | 1.21x | CN¥-761.11 Million |
| 2020 | 1.29% | 6.36% | 0.16x | 1.24x | CN¥-1.10 Billion |
| 2021 | 1.63% | 8.19% | 0.16x | 1.25x | CN¥-1.07 Billion |
| 2022 | 2.53% | 13.59% | 0.15x | 1.23x | CN¥-978.18 Million |
| 2023 | -1.34% | -7.08% | 0.15x | 1.24x | CN¥-1.46 Billion |
| 2024 | -0.55% | -3.00% | 0.14x | 1.26x | CN¥-1.34 Billion |
| 2025 | 0.27% | 1.55% | 0.14x | 1.25x | CN¥-1.24 Billion |
Industry Comparison
This section compares Beijing Gehua CATV Network Co Ltd's net assets metrics with peer companies in the Broadcasting industry.
Industry Context
- Industry: Broadcasting
- Average net assets among peers: $6,156,902,390
- Average return on equity (ROE) among peers: 6.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Gehua CATV Network Co Ltd (600037) | CN¥12.85 Billion | 24.28% | 0.22x | $1.46 Billion |
| Hubei Radio and Television Information Network Co Ltd (000665) | $6.67 Billion | 2.75% | 0.67x | $693.89 Million |
| H&R Century Union Corp (000892) | $5.98 Million | 22.76% | 0.13x | $693.34 Million |
| Shenzhen Topway Video Communication Co Ltd (002238) | $2.37 Billion | 4.65% | 0.70x | $817.38 Million |
| Jiangsu Broadcasting Cable inf (600959) | $23.13 Billion | 1.47% | 0.61x | $2.31 Billion |
| Guizhou Broadcasting&TV Info (600996) | $4.25 Billion | 10.39% | 1.00x | $1.28 Billion |
| TVZone Media Co Ltd (603721) | $519.76 Million | -4.61% | 0.18x | $360.68 Million |
About Beijing Gehua CATV Network Co Ltd
Beijing Gehua Catv Network Co.,Ltd. engages in the construction, management, and operation of the cable television network in China. The company offers radio and television programs, video-on-demand, and network information services. It also provides internet access services based on cable television networks; value-added internet data transmission services; domestic IP telephony services; and th… Read more