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

Latest as of September 2025: CN¥2.18 Billion CNY ≈ $319.41 Million USD

Based on the latest financial reports, Tianjin Benefo Tejing Electric Co Ltd (600468) has net assets worth CN¥2.18 Billion CNY (≈ $319.41 Million USD) 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 ≈ $578.36 Million USD) and total liabilities (CN¥1.77 Billion ≈ $258.95 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 600468 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

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. See 600468 defensive interval ratio to measure how many days the company can operate on defensive assets alone.

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. For live valuation and market cap data, see Tianjin Benefo Tejing Electric Co Ltd market cap and net worth.

Year	Net Assets	Change
2024-12-31	CN¥2.10 Billion ≈ $307.64 Million	-6.02%
2023-12-31	CN¥2.24 Billion ≈ $327.34 Million	+4.30%
2022-12-31	CN¥2.14 Billion ≈ $313.86 Million	+3.85%
2021-12-31	CN¥2.07 Billion ≈ $302.22 Million	+3.10%
2020-12-31	CN¥2.00 Billion ≈ $293.12 Million	+7.60%
2019-12-31	CN¥1.86 Billion ≈ $272.42 Million	-0.92%
2018-12-31	CN¥1.88 Billion ≈ $274.96 Million	-3.18%
2017-12-31	CN¥1.94 Billion ≈ $283.99 Million	+2.77%
2016-12-31	CN¥1.89 Billion ≈ $276.32 Million	+156.36%
2015-12-31	CN¥736.60 Million ≈ $107.79 Million	-0.17%
2014-12-31	CN¥737.82 Million ≈ $107.97 Million	+7.15%
2013-12-31	CN¥688.59 Million ≈ $100.76 Million	+5.29%
2012-12-31	CN¥654.02 Million ≈ $95.70 Million	-0.68%
2011-12-31	CN¥658.48 Million ≈ $96.36 Million	+17.69%
2010-12-31	CN¥559.52 Million ≈ $81.88 Million	+3.96%
2009-12-31	CN¥538.20 Million ≈ $78.76 Million	+0.76%
2008-12-31	CN¥534.14 Million ≈ $78.16 Million	+6.21%
2007-12-31	CN¥502.93 Million ≈ $73.59 Million	-0.87%
2006-12-31	CN¥507.35 Million ≈ $74.24 Million	+11.67%
2005-12-31	CN¥454.32 Million ≈ $66.48 Million	+7.04%
2004-12-31	CN¥424.44 Million ≈ $62.11 Million	+3.78%
2003-12-31	CN¥408.97 Million ≈ $59.84 Million	+0.29%
2002-12-31	CN¥407.77 Million ≈ $59.67 Million	+20.74%
2001-12-31	CN¥337.72 Million ≈ $49.42 Million	+145.72%
2000-12-31	CN¥137.44 Million ≈ $20.11 Million	+14.35%
1999-12-31	CN¥120.19 Million ≈ $17.59 Million	+50.15%
1998-12-31	CN¥80.05 Million ≈ $11.71 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
Shanghai Jiao Yun Group Co Ltd SHG:600676	$961.70 Million
Emerald Expositions Events Inc NYSE:EEX	$962.15 Million
Otokar Otomotiv ve Savunma Sanayi AS IS:OTKAR	$962.19 Million
Episil Holding TWO:3707	$962.27 Million
Nordic American Tankers Limited NYSE:NAT	$961.35 Million
Quidel Corporation NASDAQ:QDEL	$961.31 Million
Shanghai Chengdi Constr Co SHG:603887	$961.13 Million
Econergy Renewable Energy Ltd TA:ECNR	$960.97 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: 3.42x
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 48.08x to 3.42x 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¥6.04	x
1999-12-31	CN¥0.19	CN¥6.04	x
2000-12-31	CN¥0.22	CN¥6.04	x
2001-12-31	CN¥0.53	CN¥6.04	x
2002-12-31	CN¥0.52	CN¥6.04	x
2003-12-31	CN¥0.54	CN¥6.04	x
2004-12-31	CN¥0.57	CN¥6.04	x
2005-12-31	CN¥0.61	CN¥6.04	x
2006-12-31	CN¥0.53	CN¥6.04	x
2007-12-31	CN¥0.44	CN¥6.04	x
2008-12-31	CN¥0.46	CN¥6.04	x
2009-12-31	CN¥0.51	CN¥6.04	x
2010-12-31	CN¥0.55	CN¥6.04	x
2011-12-31	CN¥0.56	CN¥6.04	x
2012-12-31	CN¥0.59	CN¥6.04	x
2013-12-31	CN¥0.63	CN¥6.04	x
2014-12-31	CN¥0.67	CN¥6.04	x
2015-12-31	CN¥0.67	CN¥6.04	x
2016-12-31	CN¥1.54	CN¥6.04	x
2017-12-31	CN¥1.59	CN¥6.04	x
2018-12-31	CN¥1.56	CN¥6.04	x
2019-12-31	CN¥1.54	CN¥6.04	x
2020-12-31	CN¥1.67	CN¥6.04	x
2021-12-31	CN¥1.74	CN¥6.04	x
2022-12-31	CN¥1.81	CN¥6.04	x
2023-12-31	CN¥1.89	CN¥6.04	x
2024-12-31	CN¥1.76	CN¥6.04	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: $2,466,870,524
Average return on equity (ROE) among peers: 7.13%

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	$961.39 Million
XJ Electric Co Ltd (000400)	$11.10 Billion	7.08%	0.75x	$3.44 Billion
Guangdong Macro Co Ltd (000533)	$2.18 Billion	1.75%	1.00x	$1.14 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$1.19 Billion	13.28%	0.23x	$957.37 Million
Dongfang Electronics Co Ltd (000682)	$1.32 Billion	0.16%	0.16x	$2.44 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.54 Billion	2.10%	1.51x	$810.87 Million
Huagong Tech Co Ltd (000988)	$2.63 Billion	5.72%	0.51x	$24.13 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.62 Billion	6.74%	1.87x	$1.49 Billion
Sieyuan Electric Co Ltd (002028)	$2.82 Billion	5.45%	0.34x	$19.98 Billion
Shanghai Welltech Automation Co Ltd (002058)	$186.07 Million	7.07%	0.22x	$520.79 Million
Gotion High tech Co Ltd (002074)	$87.88 Million	21.99%	1.03x	$8.04 Billion

About Tianjin Benefo Tejing Electric Co Ltd

SHG:600468 China Electrical Equipment & Parts

Market Cap

$961.39 Million

CN¥6.57 Billion CNY

Market Cap Rank

#9267 Global

#2388 in China

Share Price

CN¥6.04

Change (1 day)

+3.07%

52-Week Range

CN¥5.63 - CN¥9.97

All Time High

CN¥11.73