Bestsun Energy Co Ltd (600681) - Net Assets
Based on the latest financial reports, Bestsun Energy Co Ltd (600681) has net assets worth CN¥3.65 Billion CNY (≈ $534.51 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¥7.86 Billion ≈ $1.15 Billion USD) and total liabilities (CN¥4.21 Billion ≈ $616.36 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 Bestsun Energy Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.65 Billion |
| % of Total Assets | 46.44% |
| Annual Growth Rate | 9.21% |
| 5-Year Change | -12.83% |
| 10-Year Change | 12255.57% |
| Growth Volatility | 1392.86 |
Bestsun Energy Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Bestsun Energy Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600681 asset base for the complete picture of this company's asset base.
Annual Net Assets for Bestsun Energy Co Ltd (1993–2024)
The table below shows the annual net assets of Bestsun Energy Co Ltd from 1993 to 2024. For live valuation and market cap data, see Bestsun Energy Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.82 Billion ≈ $559.24 Million |
+0.56% |
| 2023-12-31 | CN¥3.80 Billion ≈ $556.11 Million |
-0.73% |
| 2022-12-31 | CN¥3.83 Billion ≈ $560.21 Million |
-5.82% |
| 2021-12-31 | CN¥4.07 Billion ≈ $594.84 Million |
-7.28% |
| 2020-12-31 | CN¥4.38 Billion ≈ $641.57 Million |
-6.03% |
| 2019-12-31 | CN¥4.67 Billion ≈ $682.73 Million |
+1.35% |
| 2018-12-31 | CN¥4.60 Billion ≈ $673.62 Million |
+17.56% |
| 2017-12-31 | CN¥3.92 Billion ≈ $573.00 Million |
+82.88% |
| 2016-12-31 | CN¥2.14 Billion ≈ $313.32 Million |
+6822.34% |
| 2015-12-31 | CN¥30.93 Million ≈ $4.53 Million |
+10.04% |
| 2014-12-31 | CN¥28.11 Million ≈ $4.11 Million |
+12.50% |
| 2013-12-31 | CN¥24.99 Million ≈ $3.66 Million |
-2.35% |
| 2012-12-31 | CN¥25.59 Million ≈ $3.74 Million |
+47.03% |
| 2011-12-31 | CN¥17.40 Million ≈ $2.55 Million |
+103.85% |
| 2010-12-31 | CN¥-452.05 Million ≈ $-66.15 Million |
+6.08% |
| 2009-12-31 | CN¥-481.33 Million ≈ $-70.43 Million |
+0.70% |
| 2008-12-31 | CN¥-484.70 Million ≈ $-70.93 Million |
+18.28% |
| 2007-12-31 | CN¥-593.14 Million ≈ $-86.79 Million |
-4.98% |
| 2006-12-31 | CN¥-565.00 Million ≈ $-82.68 Million |
-11.34% |
| 2005-12-31 | CN¥-507.44 Million ≈ $-74.25 Million |
-8.14% |
| 2004-12-31 | CN¥-469.24 Million ≈ $-68.67 Million |
-1.09% |
| 2003-12-31 | CN¥-464.20 Million ≈ $-67.93 Million |
-239.71% |
| 2002-12-31 | CN¥332.26 Million ≈ $48.62 Million |
-13.38% |
| 2001-12-31 | CN¥383.61 Million ≈ $56.13 Million |
+5.24% |
| 2000-12-31 | CN¥364.51 Million ≈ $53.34 Million |
-3.81% |
| 1999-12-31 | CN¥378.96 Million ≈ $55.45 Million |
-6.99% |
| 1998-12-31 | CN¥407.44 Million ≈ $59.62 Million |
+5.87% |
| 1997-12-31 | CN¥384.85 Million ≈ $56.32 Million |
+11.94% |
| 1996-12-31 | CN¥343.79 Million ≈ $50.31 Million |
+2.99% |
| 1995-12-31 | CN¥333.79 Million ≈ $48.84 Million |
-1.77% |
| 1994-12-31 | CN¥339.82 Million ≈ $49.73 Million |
+36.61% |
| 1993-12-31 | CN¥248.75 Million ≈ $36.40 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Bestsun Energy 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 8759.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.04 Billion | 55.63% |
| Common Stock | CN¥990.67 Million | 26.99% |
| Other Components | CN¥637.58 Million | 17.37% |
| Total Equity | CN¥3.67 Billion | 100.00% |
Bestsun Energy Co Ltd Competitors by Market Cap
The table below lists competitors of Bestsun Energy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vontron Technology Co Ltd
SHE:000920
|
$796.72 Million |
|
Black Diamond Group Limited
TO:BDI
|
$796.74 Million |
|
Wafer Works
TWO:6182
|
$797.01 Million |
|
Hubei Radio and Television Information Network Co Ltd
SHE:000665
|
$797.06 Million |
|
Delixi Xinjiang Transp Co Ltd
SHG:603032
|
$796.52 Million |
|
BOROSIL RENEWABLES LIMITED
NSE:BORORENEW
|
$795.80 Million |
|
WA1 Resources Ltd
AU:WA1
|
$795.77 Million |
|
Beingmate Baby & Child Food Co Ltd
SHE:002570
|
$794.96 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bestsun Energy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,638,285,000 to 3,669,985,000, a change of 31,700,000 (0.9%).
- Net income of 319,023,000 contributed positively to equity growth.
- Dividend payments of 371,837,000 reduced retained earnings.
- Other factors increased equity by 84,514,000.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥319.02 Million | +8.69% |
| Dividends Paid | CN¥371.84 Million | -10.13% |
| Other Changes | CN¥84.51 Million | +2.3% |
| Total Change | CN¥- | 0.87% |
Book Value vs Market Value Analysis
This analysis compares Bestsun Energy 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: 1.47x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 6.88x to 1.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.59 | CN¥4.06 | x |
| 1994-12-31 | CN¥0.79 | CN¥4.06 | x |
| 1995-12-31 | CN¥0.78 | CN¥4.06 | x |
| 1996-12-31 | CN¥0.80 | CN¥4.06 | x |
| 1997-12-31 | CN¥0.91 | CN¥4.06 | x |
| 1998-12-31 | CN¥0.89 | CN¥4.06 | x |
| 1999-12-31 | CN¥0.83 | CN¥4.06 | x |
| 2000-12-31 | CN¥0.88 | CN¥4.06 | x |
| 2001-12-31 | CN¥0.92 | CN¥4.06 | x |
| 2002-12-31 | CN¥0.79 | CN¥4.06 | x |
| 2003-12-31 | CN¥-1.14 | CN¥4.06 | x |
| 2004-12-31 | CN¥-1.15 | CN¥4.06 | x |
| 2005-12-31 | CN¥-1.24 | CN¥4.06 | x |
| 2006-12-31 | CN¥-1.39 | CN¥4.06 | x |
| 2007-12-31 | CN¥-1.45 | CN¥4.06 | x |
| 2008-12-31 | CN¥-1.19 | CN¥4.06 | x |
| 2009-12-31 | CN¥-1.20 | CN¥4.06 | x |
| 2010-12-31 | CN¥-1.33 | CN¥4.06 | x |
| 2011-12-31 | CN¥0.05 | CN¥4.06 | x |
| 2012-12-31 | CN¥0.03 | CN¥4.06 | x |
| 2013-12-31 | CN¥0.01 | CN¥4.06 | x |
| 2014-12-31 | CN¥0.02 | CN¥4.06 | x |
| 2015-12-31 | CN¥1.01 | CN¥4.06 | x |
| 2016-12-31 | CN¥1.74 | CN¥4.06 | x |
| 2017-12-31 | CN¥2.86 | CN¥4.06 | x |
| 2018-12-31 | CN¥3.16 | CN¥4.06 | x |
| 2019-12-31 | CN¥3.16 | CN¥4.06 | x |
| 2020-12-31 | CN¥3.01 | CN¥4.06 | x |
| 2021-12-31 | CN¥2.84 | CN¥4.06 | x |
| 2022-12-31 | CN¥2.72 | CN¥4.06 | x |
| 2023-12-31 | CN¥2.71 | CN¥4.06 | x |
| 2024-12-31 | CN¥2.76 | CN¥4.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bestsun Energy 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): 8.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.27%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 2.10x
- Recent ROE (8.69%) is below the historical average (11.28%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 9.58% | 17.66% | 0.41x | 1.32x | CN¥-1.02 Million |
| 1994 | 7.80% | 23.11% | 0.23x | 1.49x | CN¥-7.12 Million |
| 1995 | 1.21% | 3.71% | 0.22x | 1.49x | CN¥-27.93 Million |
| 1996 | 2.57% | 5.86% | 0.29x | 1.50x | CN¥-24.24 Million |
| 1997 | 11.73% | 17.58% | 0.42x | 1.58x | CN¥6.40 Million |
| 1998 | 6.62% | 8.27% | 0.43x | 1.85x | CN¥-12.22 Million |
| 1999 | 1.04% | 1.28% | 0.41x | 1.96x | CN¥-30.33 Million |
| 2000 | 8.03% | 12.14% | 0.35x | 1.86x | CN¥-7.09 Million |
| 2001 | 4.45% | 7.02% | 0.29x | 2.21x | CN¥-20.75 Million |
| 2002 | -15.87% | -22.22% | 0.28x | 2.59x | CN¥-83.29 Million |
| 2003 | 0.00% | -390.52% | 0.65x | 0.00x | CN¥-721.94 Million |
| 2004 | 0.00% | 5.47% | 0.55x | 0.00x | CN¥56.54 Million |
| 2005 | 0.00% | -12.23% | 0.61x | 0.00x | CN¥27.57 Million |
| 2006 | 0.00% | -105.08% | 0.30x | 0.00x | CN¥-1.10 Million |
| 2007 | 0.00% | -298.40% | 0.06x | 0.00x | CN¥31.47 Million |
| 2008 | 0.00% | 556.68% | 0.08x | 0.00x | CN¥95.41 Million |
| 2009 | 0.00% | 127.46% | 0.08x | 0.00x | CN¥56.30 Million |
| 2010 | 0.00% | 428.19% | 0.17x | 0.00x | CN¥74.41 Million |
| 2011 | 143.73% | 144.16% | 0.12x | 8.49x | CN¥23.27 Million |
| 2012 | 11.83% | 3.31% | 0.49x | 7.22x | CN¥440.28K |
| 2013 | -30.79% | -7.25% | 0.47x | 9.01x | CN¥-7.51 Million |
| 2014 | 10.22% | 3.50% | 0.33x | 8.95x | CN¥45.24K |
| 2015 | 47.40% | 2300.78% | 0.09x | 0.23x | CN¥321.80 Million |
| 2016 | 25.82% | 32.05% | 0.50x | 1.60x | CN¥337.74 Million |
| 2017 | 21.95% | 28.87% | 0.42x | 1.80x | CN¥467.17 Million |
| 2018 | 22.45% | 21.18% | 0.53x | 1.98x | CN¥558.18 Million |
| 2019 | 16.12% | 14.92% | 0.53x | 2.03x | CN¥276.63 Million |
| 2020 | 11.97% | 11.81% | 0.54x | 1.89x | CN¥83.69 Million |
| 2021 | 13.74% | 11.62% | 0.57x | 2.09x | CN¥146.40 Million |
| 2022 | 10.65% | 7.81% | 0.64x | 2.13x | CN¥23.85 Million |
| 2023 | 10.13% | 7.05% | 0.66x | 2.16x | CN¥4.59 Million |
| 2024 | 8.69% | 6.27% | 0.66x | 2.10x | CN¥-47.98 Million |
Industry Comparison
This section compares Bestsun Energy Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $2,821,256,162
- Average return on equity (ROE) among peers: 11.46%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bestsun Energy Co Ltd (600681) | CN¥3.65 Billion | 9.58% | 1.15x | $796.61 Million |
| Delong Composite Energy Group Co Ltd (000593) | $311.07 Million | 3.92% | 0.75x | $1.33 Billion |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $850.29 Million | 13.04% | 0.24x | $420.06 Million |
| Foran Energy Group Co Ltd (002911) | $3.09 Billion | 11.73% | 0.77x | $2.32 Billion |
| Top Resource Conservation Engineering Co Ltd (300332) | $4.17 Billion | 8.77% | 1.23x | $727.92 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $636.42 Million | 36.77% | 0.52x | $2.97 Billion |
| Changchun Gas Co Ltd (600333) | $1.93 Billion | 1.98% | 0.94x | $514.22 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $8.58 Billion | 5.58% | 1.52x | $1.87 Billion |
| ENN Ecological Holdings Co Ltd (600803) | $5.26 Billion | 9.86% | 2.49x | $9.18 Billion |
| Guizhou Gas Group Corporation Ltd Class A (600903) | $562.58 Million | 11.48% | 3.21x | $1.09 Billion |
About Bestsun Energy Co Ltd
Bestsun Energy Co., Ltd. engages in the city gas business in China. The company involved in sale of city pipeline gas and gas appliances; and provides gas engineering installation services. It also engages in business management, project investment, instrumentation, material trade, dangerous goods transportation, building installation, and energy distribution activities. In addition, the company … Read more