Bright Oceans Inter Telecom Corp
Bright Oceans Inter-Telecom Corporation engages in the computer and communications business in China. It operates through three segments: Computer and Communications Business, Intelligent Transportation Business, and E-Commerce Business. The company is involved in the research and development, production, sale, and service of communication technology, network technology, and hardware products; de… Read more
Bright Oceans Inter Telecom Corp (600289) - Net Assets
Latest net assets as of September 2025: CN¥1.11 Billion CNY
Based on the latest financial reports, Bright Oceans Inter Telecom Corp (600289) has net assets worth CN¥1.11 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.73 Billion) and total liabilities (CN¥616.50 Million). 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 | CN¥1.11 Billion |
| % of Total Assets | 64.36% |
| Annual Growth Rate | 8.53% |
| 5-Year Change | -64.24% |
| 10-Year Change | -69.17% |
| Growth Volatility | 152.71 |
Bright Oceans Inter Telecom Corp - Net Assets Trend (1997–2024)
This chart illustrates how Bright Oceans Inter Telecom Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bright Oceans Inter Telecom Corp (1997–2024)
The table below shows the annual net assets of Bright Oceans Inter Telecom Corp from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥621.25 Million | +48.67% |
| 2023-12-31 | CN¥417.88 Million | -70.07% |
| 2022-12-31 | CN¥1.40 Billion | -17.14% |
| 2021-12-31 | CN¥1.68 Billion | -3.04% |
| 2020-12-31 | CN¥1.74 Billion | +141.60% |
| 2019-12-31 | CN¥719.14 Million | +192.94% |
| 2018-12-31 | CN¥-773.76 Million | -209.67% |
| 2017-12-31 | CN¥705.55 Million | -78.13% |
| 2016-12-31 | CN¥3.23 Billion | +60.14% |
| 2015-12-31 | CN¥2.01 Billion | +2.97% |
| 2014-12-31 | CN¥1.96 Billion | +2.05% |
| 2013-12-31 | CN¥1.92 Billion | +0.13% |
| 2012-12-31 | CN¥1.91 Billion | +6.46% |
| 2011-12-31 | CN¥1.80 Billion | +19.89% |
| 2010-12-31 | CN¥1.50 Billion | +6.24% |
| 2009-12-31 | CN¥1.41 Billion | +0.83% |
| 2008-12-31 | CN¥1.40 Billion | +5.59% |
| 2007-12-31 | CN¥1.33 Billion | +11.23% |
| 2006-12-31 | CN¥1.19 Billion | +5.06% |
| 2005-12-31 | CN¥1.14 Billion | +4.19% |
| 2004-12-31 | CN¥1.09 Billion | +4.79% |
| 2003-12-31 | CN¥1.04 Billion | +8.51% |
| 2002-12-31 | CN¥958.14 Million | +4.93% |
| 2001-12-31 | CN¥913.15 Million | +5.59% |
| 2000-12-31 | CN¥864.77 Million | +737.83% |
| 1999-12-31 | CN¥103.22 Million | +26.25% |
| 1998-12-31 | CN¥81.76 Million | +19.84% |
| 1997-12-31 | CN¥68.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bright Oceans Inter Telecom Corp'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 20090.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥631.05 Million | 100.86% |
| Other Comprehensive Income | CN¥918.93 Million | 146.86% |
| Other Components | CN¥1.35 Billion | 216.14% |
| Total Equity | CN¥625.70 Million | 100.00% |
Bright Oceans Inter Telecom Corp Competitors by Market Cap
The table below lists competitors of Bright Oceans Inter Telecom Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Railway Special Cargo Logistics Co. Ltd.
SHE:001213
|
$419.62 Million |
|
Solomon Technology Corp
TW:2359
|
$419.65 Million |
|
Zhejiang Dafeng Industrial Co Ltd
SHG:603081
|
$419.66 Million |
|
IGG Inc
PINK:IGGGF
|
$419.75 Million |
|
Cuscal Ltd
AU:CCL
|
$419.52 Million |
|
KEMPHARM INC. DL-0001
F:1GDA
|
$419.45 Million |
|
AMG Advanced Metallurgical Group N.V.
PINK:AMVMF
|
$419.37 Million |
|
Lassonde Industries Inc
PINK:LSDAF
|
$419.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bright Oceans Inter Telecom Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 423,683,467 to 625,699,270, a change of 202,015,803 (47.7%).
- Net loss of 96,707,770 reduced equity.
- Other comprehensive income increased equity by 297,727,282.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-96.71 Million | -15.46% |
| Other Comprehensive Income | CN¥297.73 Million | +47.58% |
| Other Changes | CN¥996.29K | +0.16% |
| Total Change | CN¥- | 47.68% |
Book Value vs Market Value Analysis
This analysis compares Bright Oceans Inter Telecom Corp'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: 8.04x
- 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 decreased from 56.59x to 8.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥0.14 | CN¥7.97 | x |
| 1998-12-31 | CN¥0.16 | CN¥7.97 | x |
| 1999-12-31 | CN¥0.20 | CN¥7.97 | x |
| 2000-12-31 | CN¥1.82 | CN¥7.97 | x |
| 2001-12-31 | CN¥1.90 | CN¥7.97 | x |
| 2002-12-31 | CN¥2.00 | CN¥7.97 | x |
| 2003-12-31 | CN¥2.18 | CN¥7.97 | x |
| 2004-12-31 | CN¥2.29 | CN¥7.97 | x |
| 2005-12-31 | CN¥2.41 | CN¥7.97 | x |
| 2006-12-31 | CN¥2.54 | CN¥7.97 | x |
| 2007-12-31 | CN¥2.84 | CN¥7.97 | x |
| 2008-12-31 | CN¥2.49 | CN¥7.97 | x |
| 2009-12-31 | CN¥2.51 | CN¥7.97 | x |
| 2010-12-31 | CN¥2.66 | CN¥7.97 | x |
| 2011-12-31 | CN¥3.15 | CN¥7.97 | x |
| 2012-12-31 | CN¥3.27 | CN¥7.97 | x |
| 2013-12-31 | CN¥3.30 | CN¥7.97 | x |
| 2014-12-31 | CN¥3.40 | CN¥7.97 | x |
| 2015-12-31 | CN¥3.56 | CN¥7.97 | x |
| 2016-12-31 | CN¥5.55 | CN¥7.97 | x |
| 2017-12-31 | CN¥1.12 | CN¥7.97 | x |
| 2018-12-31 | CN¥-1.22 | CN¥7.97 | x |
| 2019-12-31 | CN¥1.15 | CN¥7.97 | x |
| 2020-12-31 | CN¥2.77 | CN¥7.97 | x |
| 2021-12-31 | CN¥2.68 | CN¥7.97 | x |
| 2022-12-31 | CN¥2.27 | CN¥7.97 | x |
| 2023-12-31 | CN¥0.67 | CN¥7.97 | x |
| 2024-12-31 | CN¥0.99 | CN¥7.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bright Oceans Inter Telecom Corp 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): -15.46%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -30.20%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.21x
- Recent ROE (-15.46%) is below the historical average (-8.69%), 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 | 16.42% | 18.63% | 0.45x | 1.95x | CN¥4.23 Million |
| 1998 | 38.44% | 19.48% | 0.73x | 2.70x | CN¥20.82 Million |
| 1999 | 46.17% | 17.54% | 0.73x | 3.60x | CN¥34.17 Million |
| 2000 | 7.28% | 13.07% | 0.34x | 1.63x | CN¥-23.18 Million |
| 2001 | 8.27% | 11.84% | 0.45x | 1.54x | CN¥-15.42 Million |
| 2002 | 7.25% | 14.00% | 0.35x | 1.49x | CN¥-25.68 Million |
| 2003 | 9.35% | 15.01% | 0.41x | 1.51x | CN¥-6.68 Million |
| 2004 | 9.83% | 14.04% | 0.45x | 1.57x | CN¥-1.82 Million |
| 2005 | 6.11% | 10.37% | 0.37x | 1.58x | CN¥-43.83 Million |
| 2006 | 7.59% | 10.14% | 0.47x | 1.59x | CN¥-28.65 Million |
| 2007 | 9.45% | 13.97% | 0.40x | 1.68x | CN¥-7.27 Million |
| 2008 | 5.28% | 8.64% | 0.32x | 1.88x | CN¥-66.00 Million |
| 2009 | 5.84% | 8.88% | 0.40x | 1.66x | CN¥-58.74 Million |
| 2010 | 5.60% | 7.81% | 0.39x | 1.86x | CN¥-65.81 Million |
| 2011 | 10.80% | 15.94% | 0.44x | 1.53x | CN¥14.35 Million |
| 2012 | 5.78% | 9.75% | 0.39x | 1.52x | CN¥-79.70 Million |
| 2013 | 4.43% | 7.56% | 0.39x | 1.52x | CN¥-105.88 Million |
| 2014 | 5.05% | 8.35% | 0.42x | 1.44x | CN¥-96.09 Million |
| 2015 | 5.23% | 8.81% | 0.40x | 1.49x | CN¥-96.19 Million |
| 2016 | 4.02% | 9.75% | 0.32x | 1.28x | CN¥-193.11 Million |
| 2017 | -349.90% | -187.04% | 0.44x | 4.21x | CN¥-2.55 Billion |
| 2018 | 0.00% | -117.61% | 0.46x | 0.00x | CN¥-1.40 Billion |
| 2019 | 207.80% | 204.76% | 0.31x | 3.33x | CN¥1.43 Billion |
| 2020 | -18.94% | -58.64% | 0.21x | 1.57x | CN¥-504.92 Million |
| 2021 | -11.90% | -51.19% | 0.16x | 1.43x | CN¥-370.05 Million |
| 2022 | -25.01% | -134.12% | 0.12x | 1.53x | CN¥-490.65 Million |
| 2023 | -248.11% | -538.40% | 0.16x | 2.95x | CN¥-1.09 Billion |
| 2024 | -15.46% | -30.20% | 0.23x | 2.21x | CN¥-159.28 Million |
Industry Comparison
This section compares Bright Oceans Inter Telecom Corp's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $3,048,736,079
- Average return on equity (ROE) among peers: 11.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bright Oceans Inter Telecom Corp (600289) | CN¥1.11 Billion | 16.42% | 0.55x | $419.52 Million |
| Digital China Information Service Co Ltd (000555) | $-125.57 Million | 0.00% | 0.00x | $1.17 Billion |
| Fujian Newland Computer Co Ltd (000997) | $6.71 Billion | 14.96% | 0.97x | $2.06 Billion |
| YGSOFT Inc (002063) | $2.10 Billion | 8.22% | 0.19x | $1.26 Billion |
| Dhc Software Co Ltd (002065) | $8.61 Billion | 13.26% | 0.30x | $2.40 Billion |
| Zhejiang Netsun Co Ltd (002095) | $1.07 Billion | 1.80% | 0.22x | $322.94 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $51.79 Million | 15.64% | 0.90x | $953.24 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $1.13 Billion | 23.47% | 0.16x | $1.00 Billion |
| Shanghai 2345 Network Holding Group (002195) | $10.18 Billion | 7.45% | 0.12x | $6.64 Billion |
| Iflytek Co Ltd (002230) | $599.04 Million | 13.40% | 0.22x | $12.29 Billion |
| Wisesoft Co Ltd (002253) | $171.84 Million | 15.22% | 0.51x | $265.79 Million |