Tianjin Benefo Tejing Electric Co Ltd

SHG:600468 China Electrical Equipment & Parts
Market Cap
$1.32 Billion
CN¥9.68 Billion CNY
Market Cap Rank
#9555 Global
#1981 in China
Share Price
CN¥8.90
Change (1 day)
+3.25%
52-Week Range
CN¥4.12 - CN¥9.63
All Time High
CN¥11.73
Categories
Companies in China Electrical Equipment & Parts
About

Tianjin Benefo Tejing Electric Co., Ltd. operates in the power equipment industry in China and internationally. The company offers electric control distribution accessories and molds, such as terminal blocks, switch, heavy duty connectors, isolators, transmitter, switching power supply, and relay; electromagnetic wire, copper busbar, and coil; and low voltage electrical products, including molded… Read more

Tianjin Benefo Tejing Electric Co Ltd (600468) - Net Assets

Latest net assets as of September 2025: CN¥2.18 Billion CNY

Based on the latest financial reports, Tianjin Benefo Tejing Electric Co Ltd (600468) has net assets worth CN¥2.18 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¥3.95 Billion) and total liabilities (CN¥1.77 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 CN¥2.18 Billion
% of Total Assets 55.23%
Annual Growth Rate 13.39%
5-Year Change 4.95%
10-Year Change 185.41%
Growth Volatility 39.94

Tianjin Benefo Tejing Electric Co Ltd - Net Assets Trend (1998–2024)

This chart illustrates how Tianjin Benefo Tejing Electric 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 Tianjin Benefo Tejing Electric Co Ltd (1998–2024)

The table below shows the annual net assets of Tianjin Benefo Tejing Electric Co Ltd from 1998 to 2024.

Year Net Assets Change
2024-12-31 CN¥2.10 Billion -6.02%
2023-12-31 CN¥2.24 Billion +4.30%
2022-12-31 CN¥2.14 Billion +3.85%
2021-12-31 CN¥2.07 Billion +3.10%
2020-12-31 CN¥2.00 Billion +7.60%
2019-12-31 CN¥1.86 Billion -0.92%
2018-12-31 CN¥1.88 Billion -3.18%
2017-12-31 CN¥1.94 Billion +2.77%
2016-12-31 CN¥1.89 Billion +156.36%
2015-12-31 CN¥736.60 Million -0.17%
2014-12-31 CN¥737.82 Million +7.15%
2013-12-31 CN¥688.59 Million +5.29%
2012-12-31 CN¥654.02 Million -0.68%
2011-12-31 CN¥658.48 Million +17.69%
2010-12-31 CN¥559.52 Million +3.96%
2009-12-31 CN¥538.20 Million +0.76%
2008-12-31 CN¥534.14 Million +6.21%
2007-12-31 CN¥502.93 Million -0.87%
2006-12-31 CN¥507.35 Million +11.67%
2005-12-31 CN¥454.32 Million +7.04%
2004-12-31 CN¥424.44 Million +3.78%
2003-12-31 CN¥408.97 Million +0.29%
2002-12-31 CN¥407.77 Million +20.74%
2001-12-31 CN¥337.72 Million +145.72%
2000-12-31 CN¥137.44 Million +14.35%
1999-12-31 CN¥120.19 Million +50.15%
1998-12-31 CN¥80.05 Million --

Equity Component Analysis

This analysis shows how different components contribute to Tianjin Benefo Tejing Electric 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 46177579015.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥458.05 Million 23.86%
Common Stock CN¥1.09 Billion 56.65%
Other Comprehensive Income CN¥101.31 Million 5.28%
Other Components CN¥272.95 Million 14.22%
Total Equity CN¥1.92 Billion 100.00%

Tianjin Benefo Tejing Electric Co Ltd Competitors by Market Cap

The table below lists competitors of Tianjin Benefo Tejing Electric Co Ltd ranked by their market capitalization.

Company Market Cap
AVID BIOSERVICES DL-001
F:TEHP
 		$579.75 Million
Rai Way SpA
LSE:0R40
 		$580.07 Million
Argosy Property Limited
PINK:IGPYF
 		$580.19 Million
Aoshikang Technology Co Ltd Class A
SHE:002913
 		$580.25 Million
Chengdu Spaceon Electronics Co Ltd Class A
SHE:002935
 		$579.10 Million
UniTTEC Co Ltd
SHE:000925
 		$578.87 Million
Tesna Inc
KQ:131970
 		$578.78 Million
Peijia Medical Limited
PINK:PEJMF
 		$578.72 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Tianjin Benefo Tejing Electric Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,054,787,019 to 1,920,051,290, a change of -134,735,729 (-6.6%).
  • Net loss of 109,444,552 reduced equity.
  • Dividend payments of 44,437,056 reduced retained earnings.
  • Other comprehensive income increased equity by 104,314,417.
  • Other factors decreased equity by 85,168,538.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-109.44 Million -5.7%
Dividends Paid CN¥44.44 Million -2.31%
Other Comprehensive Income CN¥104.31 Million +5.43%
Other Changes CN¥-85.17 Million -4.44%
Total Change CN¥- -6.56%

Book Value vs Market Value Analysis

This analysis compares Tianjin Benefo Tejing Electric 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: 5.04x
  • 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 70.84x to 5.04x 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¥0.13 CN¥8.90 x
1999-12-31 CN¥0.19 CN¥8.90 x
2000-12-31 CN¥0.22 CN¥8.90 x
2001-12-31 CN¥0.53 CN¥8.90 x
2002-12-31 CN¥0.52 CN¥8.90 x
2003-12-31 CN¥0.54 CN¥8.90 x
2004-12-31 CN¥0.57 CN¥8.90 x
2005-12-31 CN¥0.61 CN¥8.90 x
2006-12-31 CN¥0.53 CN¥8.90 x
2007-12-31 CN¥0.44 CN¥8.90 x
2008-12-31 CN¥0.46 CN¥8.90 x
2009-12-31 CN¥0.51 CN¥8.90 x
2010-12-31 CN¥0.55 CN¥8.90 x
2011-12-31 CN¥0.56 CN¥8.90 x
2012-12-31 CN¥0.59 CN¥8.90 x
2013-12-31 CN¥0.63 CN¥8.90 x
2014-12-31 CN¥0.67 CN¥8.90 x
2015-12-31 CN¥0.67 CN¥8.90 x
2016-12-31 CN¥1.54 CN¥8.90 x
2017-12-31 CN¥1.59 CN¥8.90 x
2018-12-31 CN¥1.56 CN¥8.90 x
2019-12-31 CN¥1.54 CN¥8.90 x
2020-12-31 CN¥1.67 CN¥8.90 x
2021-12-31 CN¥1.74 CN¥8.90 x
2022-12-31 CN¥1.81 CN¥8.90 x
2023-12-31 CN¥1.89 CN¥8.90 x
2024-12-31 CN¥1.76 CN¥8.90 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Tianjin Benefo Tejing Electric 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): -5.70%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -5.58%
  • • Asset Turnover: 0.52x
  • • Equity Multiplier: 1.97x
  • Recent ROE (-5.70%) is below the historical average (5.53%), 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 18.12% 9.89% 0.57x 3.20x CN¥6.50 Million
1999 10.90% 9.02% 0.48x 2.54x CN¥1.08 Million
2000 12.19% 11.10% 0.41x 2.68x CN¥3.01 Million
2001 1.51% 3.82% 0.24x 1.66x CN¥-28.66 Million
2002 1.25% 1.83% 0.32x 2.13x CN¥-29.19 Million
2003 2.95% 2.01% 0.64x 2.29x CN¥-24.31 Million
2004 4.50% 3.06% 0.67x 2.18x CN¥-20.02 Million
2005 6.03% 2.87% 1.03x 2.05x CN¥-15.39 Million
2006 5.36% 2.58% 1.06x 1.97x CN¥-19.45 Million
2007 7.70% 3.99% 0.88x 2.20x CN¥-9.58 Million
2008 5.30% 3.77% 0.75x 1.89x CN¥-20.63 Million
2009 6.21% 7.21% 0.44x 1.94x CN¥-18.68 Million
2010 6.85% 4.55% 0.86x 1.75x CN¥-16.70 Million
2011 9.32% 6.55% 0.61x 2.35x CN¥-3.63 Million
2012 5.14% 4.19% 0.58x 2.12x CN¥-27.63 Million
2013 5.63% 4.47% 0.58x 2.17x CN¥-26.22 Million
2014 7.61% 5.34% 0.60x 2.39x CN¥-15.23 Million
2015 2.22% 1.62% 0.59x 2.32x CN¥-49.58 Million
2016 3.04% 6.34% 0.32x 1.52x CN¥-121.85 Million
2017 3.65% 5.41% 0.44x 1.54x CN¥-114.89 Million
2018 2.69% 3.47% 0.50x 1.56x CN¥-127.92 Million
2019 3.35% 3.59% 0.48x 1.96x CN¥-112.00 Million
2020 6.07% 5.00% 0.61x 2.00x CN¥-71.35 Million
2021 5.54% 4.48% 0.64x 1.94x CN¥-84.14 Million
2022 6.15% 5.42% 0.59x 1.92x CN¥-75.73 Million
2023 5.78% 5.84% 0.52x 1.92x CN¥-86.69 Million
2024 -5.70% -5.58% 0.52x 1.97x CN¥-301.45 Million

Industry Comparison

This section compares Tianjin Benefo Tejing Electric Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

  • Industry: Electrical Equipment & Parts
  • Average net assets among peers: $2,399,685,798
  • Average return on equity (ROE) among peers: -30.02%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Tianjin Benefo Tejing Electric Co Ltd (600468) CN¥2.18 Billion 18.12% 0.81x $579.34 Million
XJ Electric Co Ltd (000400) $11.69 Billion 8.60% 0.87x $2.50 Billion
Guangdong Macro Co Ltd (000533) $259.29 Million -377.39% 9.44x $880.32 Million
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $1.31 Billion 8.55% 0.86x $364.23 Million
Huagong Tech Co Ltd (000988) $3.01 Billion 5.01% 0.66x $9.70 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.62 Billion 6.74% 1.87x $855.32 Million
Shijiazhuang Shangtai Technology Co. Ltd. A (001301) $1.35 Billion 11.31% 0.12x $1.62 Billion
Guangdong Xinyaguang Cable Co (001382) $804.28 Million 11.99% 1.13x $201.71 Million
Sieyuan Electric Co Ltd (002028) $3.44 Billion 10.09% 0.45x $14.61 Billion
Shanghai Welltech Automation Co Ltd (002058) $186.07 Million 7.07% 0.22x $217.00 Million
Gotion High tech Co Ltd (002074) $324.01 Million 7.87% 0.45x $5.08 Billion