Bright Oceans Inter Telecom Corp (600289) - Net Assets

Latest as of March 2026: CN¥894.75 Million CNY ≈ $130.93 Million USD

Based on the latest financial reports, Bright Oceans Inter Telecom Corp (600289) has net assets worth CN¥894.75 Million CNY (≈ $130.93 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 (CN¥1.51 Billion ≈ $221.23 Million USD) and total liabilities (CN¥617.06 Million ≈ $90.29 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 Bright Oceans Inter Telecom Corp (600289) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥894.75 Million
% of Total Assets	59.18%
Annual Growth Rate	9.84%
5-Year Change	-43.93%
10-Year Change	-70.72%
Growth Volatility	149.92

Bright Oceans Inter Telecom Corp - Net Assets Trend (1997–2025)

This chart illustrates how Bright Oceans Inter Telecom Corp's net assets have evolved over time, based on quarterly financial data. See 600289 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Bright Oceans Inter Telecom Corp (1997–2025)

The table below shows the annual net assets of Bright Oceans Inter Telecom Corp from 1997 to 2025. For live valuation and market cap data, see 600289 market cap.

Year	Net Assets	Change
2025-12-31	CN¥944.60 Million ≈ $138.23 Million	+52.05%
2024-12-31	CN¥621.25 Million ≈ $90.91 Million	+48.67%
2023-12-31	CN¥417.88 Million ≈ $61.15 Million	-70.07%
2022-12-31	CN¥1.40 Billion ≈ $204.27 Million	-17.14%
2021-12-31	CN¥1.68 Billion ≈ $246.52 Million	-3.04%
2020-12-31	CN¥1.74 Billion ≈ $254.25 Million	+141.60%
2019-12-31	CN¥719.14 Million ≈ $105.23 Million	+192.94%
2018-12-31	CN¥-773.76 Million ≈ $-113.22 Million	-209.67%
2017-12-31	CN¥705.55 Million ≈ $103.24 Million	-78.13%
2016-12-31	CN¥3.23 Billion ≈ $472.14 Million	+60.14%
2015-12-31	CN¥2.01 Billion ≈ $294.83 Million	+2.97%
2014-12-31	CN¥1.96 Billion ≈ $286.33 Million	+2.05%
2013-12-31	CN¥1.92 Billion ≈ $280.59 Million	+0.13%
2012-12-31	CN¥1.91 Billion ≈ $280.22 Million	+6.46%
2011-12-31	CN¥1.80 Billion ≈ $263.21 Million	+19.89%
2010-12-31	CN¥1.50 Billion ≈ $219.55 Million	+6.24%
2009-12-31	CN¥1.41 Billion ≈ $206.66 Million	+0.83%
2008-12-31	CN¥1.40 Billion ≈ $204.96 Million	+5.59%
2007-12-31	CN¥1.33 Billion ≈ $194.11 Million	+11.23%
2006-12-31	CN¥1.19 Billion ≈ $174.51 Million	+5.06%
2005-12-31	CN¥1.14 Billion ≈ $166.10 Million	+4.19%
2004-12-31	CN¥1.09 Billion ≈ $159.42 Million	+4.79%
2003-12-31	CN¥1.04 Billion ≈ $152.14 Million	+8.51%
2002-12-31	CN¥958.14 Million ≈ $140.21 Million	+4.93%
2001-12-31	CN¥913.15 Million ≈ $133.62 Million	+5.59%
2000-12-31	CN¥864.77 Million ≈ $126.54 Million	+737.83%
1999-12-31	CN¥103.22 Million ≈ $15.10 Million	+26.25%
1998-12-31	CN¥81.76 Million ≈ $11.96 Million	+19.84%
1997-12-31	CN¥68.22 Million ≈ $9.98 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 24196.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥3.69 Billion	389.16%
Total Equity	CN¥949.05 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
Fenix Outdoor International AG ST:FOI-B	$480.30 Million
Achieve Life Sciences Inc F:SP4P	$480.44 Million
Tianjin Binhai Energy & Development Co Ltd SHE:000695	$480.54 Million
The Anup Engineering Limited NSE:ANUP	$480.66 Million
Carter Bank and Trust NASDAQ:CARE	$480.17 Million
Huatian Hotel Group Co Ltd SHE:000428	$480.10 Million
Medprin Regenerative Medical Technologies Co. Ltd. SHE:301033	$479.78 Million
Ucore Rare Metals Inc V:UCU	$479.76 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 2024 to 2025, total equity changed from 625,699,270 to 949,048,884, a change of 323,349,614 (51.7%).
Net loss of 467,594,774 reduced equity.
Other comprehensive income decreased equity by 918,926,000.
Other factors increased equity by 1,709,870,388.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-467.59 Million	-49.27%
Other Comprehensive Income	CN¥-918.93 Million	-96.83%
Other Changes	CN¥1.71 Billion	+180.17%
Total Change	CN¥-	51.68%

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: 3.46x
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 36.92x to 3.46x 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¥5.20	x
1998-12-31	CN¥0.16	CN¥5.20	x
1999-12-31	CN¥0.20	CN¥5.20	x
2000-12-31	CN¥1.82	CN¥5.20	x
2001-12-31	CN¥1.90	CN¥5.20	x
2002-12-31	CN¥2.00	CN¥5.20	x
2003-12-31	CN¥2.18	CN¥5.20	x
2004-12-31	CN¥2.29	CN¥5.20	x
2005-12-31	CN¥2.41	CN¥5.20	x
2006-12-31	CN¥2.54	CN¥5.20	x
2007-12-31	CN¥2.84	CN¥5.20	x
2008-12-31	CN¥2.49	CN¥5.20	x
2009-12-31	CN¥2.51	CN¥5.20	x
2010-12-31	CN¥2.66	CN¥5.20	x
2011-12-31	CN¥3.15	CN¥5.20	x
2012-12-31	CN¥3.27	CN¥5.20	x
2013-12-31	CN¥3.30	CN¥5.20	x
2014-12-31	CN¥3.40	CN¥5.20	x
2015-12-31	CN¥3.56	CN¥5.20	x
2016-12-31	CN¥5.55	CN¥5.20	x
2017-12-31	CN¥1.12	CN¥5.20	x
2018-12-31	CN¥-1.22	CN¥5.20	x
2019-12-31	CN¥1.15	CN¥5.20	x
2020-12-31	CN¥2.63	CN¥5.20	x
2021-12-31	CN¥2.68	CN¥5.20	x
2022-12-31	CN¥2.22	CN¥5.20	x
2023-12-31	CN¥0.67	CN¥5.20	x
2024-12-31	CN¥0.99	CN¥5.20	x
2025-12-31	CN¥1.50	CN¥5.20	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): -49.27%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -150.48%
• Asset Turnover: 0.18x
• Equity Multiplier: 1.84x
Recent ROE (-49.27%) is below the historical average (-10.10%), 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	-350.41%	-183.96%	0.45x	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	-18.90%	-58.51%	0.21x	1.57x	CN¥-504.23 Million
2021	-11.88%	-51.09%	0.16x	1.43x	CN¥-369.67 Million
2022	-24.98%	-133.94%	0.12x	1.53x	CN¥-490.19 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
2025	-49.27%	-150.48%	0.18x	1.84x	CN¥-562.50 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: $4,025,217,489
Average return on equity (ROE) among peers: 13.52%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Bright Oceans Inter Telecom Corp (600289)	CN¥894.75 Million	16.42%	0.69x	$480.18 Million
Digital China Information Service Co Ltd (000555)	$3.30 Billion	10.62%	1.23x	$1.61 Billion
Fujian Newland Computer Co Ltd (000997)	$654.33 Million	6.35%	0.51x	$2.63 Billion
YGSOFT Inc (002063)	$1.72 Billion	7.06%	0.19x	$1.47 Billion
Dhc Software Co Ltd (002065)	$145.16 Million	27.99%	1.22x	$3.43 Billion
Zhejiang Netsun Co Ltd (002095)	$48.97 Million	27.57%	0.69x	$492.96 Million
Montnets Cloud Technology Group Co Ltd (002123)	$112.46 Million	31.50%	0.93x	$913.40 Million
Beijing Shiji Information Technology Co Ltd (002153)	$5.40 Billion	7.76%	0.26x	$3.07 Billion
Shanghai 2345 Network Holding Group (002195)	$10.26 Billion	0.32%	0.02x	$5.91 Billion
Iflytek Co Ltd (002230)	$17.34 Billion	8.98%	0.81x	$14.98 Billion
Qiming Information Technology Co Ltd (002232)	$1.28 Billion	7.10%	0.51x	$891.37 Million

About Bright Oceans Inter Telecom Corp

SHG:600289 China Software - Application

Market Cap

$480.18 Million

CN¥3.28 Billion CNY

Market Cap Rank

#12615 Global

#3726 in China

Share Price

CN¥5.20

Change (1 day)

-4.94%

52-Week Range

CN¥5.20 - CN¥8.35

All Time High

CN¥20.64