Shandong Binzhou Bohai Piston Co Ltd

SHG:600960 China Auto Parts
Market Cap
$706.03 Million
CN¥5.18 Billion CNY
Market Cap Rank
#12000 Global
#2911 in China
Share Price
CN¥5.45
Change (1 day)
-1.98%
52-Week Range
CN¥3.05 - CN¥6.34
All Time High
CN¥11.85
Categories
Companies in China Auto Parts
About

Bohai Automotive Systems CO., LTD. manufactures and sells various pistons in China and internationally. Its piston products are used in passenger and commercial, engineering, marine, agriculture, general motor, and other vehicles. The company also offers aluminium, mono-forged-steel, laser remelting, and pressure casting pistons, as well as piston kits. Bohai Automotive Systems CO., LTD. was form… Read more

Shandong Binzhou Bohai Piston Co Ltd (600960) - Net Assets

Latest net assets as of September 2025: CN¥3.74 Billion CNY

Based on the latest financial reports, Shandong Binzhou Bohai Piston Co Ltd (600960) has net assets worth CN¥3.74 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¥6.40 Billion) and total liabilities (CN¥2.66 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¥3.74 Billion
% of Total Assets 58.45%
Annual Growth Rate 14.18%
5-Year Change -33.13%
10-Year Change 68.57%
Growth Volatility 41.86

Shandong Binzhou Bohai Piston Co Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Shandong Binzhou Bohai Piston 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 Shandong Binzhou Bohai Piston Co Ltd (2001–2024)

The table below shows the annual net assets of Shandong Binzhou Bohai Piston Co Ltd from 2001 to 2024.

Year Net Assets Change
2024-12-31 CN¥3.52 Billion -21.88%
2023-12-31 CN¥4.51 Billion -2.12%
2022-12-31 CN¥4.60 Billion -12.54%
2021-12-31 CN¥5.26 Billion -0.01%
2020-12-31 CN¥5.26 Billion +2.84%
2019-12-31 CN¥5.12 Billion -2.03%
2018-12-31 CN¥5.22 Billion +10.93%
2017-12-31 CN¥4.71 Billion +8.31%
2016-12-31 CN¥4.35 Billion +108.23%
2015-12-31 CN¥2.09 Billion +0.26%
2014-12-31 CN¥2.08 Billion +111.24%
2013-12-31 CN¥985.97 Million +6.44%
2012-12-31 CN¥926.30 Million +3.88%
2011-12-31 CN¥891.72 Million +10.61%
2010-12-31 CN¥806.18 Million +16.21%
2009-12-31 CN¥693.70 Million +8.21%
2008-12-31 CN¥641.05 Million +0.90%
2007-12-31 CN¥635.36 Million +6.37%
2006-12-31 CN¥597.30 Million +3.81%
2005-12-31 CN¥575.36 Million +0.05%
2004-12-31 CN¥575.08 Million +151.17%
2003-12-31 CN¥228.96 Million +17.86%
2002-12-31 CN¥194.27 Million +16.65%
2001-12-31 CN¥166.54 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shandong Binzhou Bohai Piston 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 decreased by 2557.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥950.52 Million 27.35%
Other Comprehensive Income CN¥529.18 Million 15.23%
Other Components CN¥2.60 Billion 74.80%
Total Equity CN¥3.48 Billion 100.00%

Shandong Binzhou Bohai Piston Co Ltd Competitors by Market Cap

The table below lists competitors of Shandong Binzhou Bohai Piston Co Ltd ranked by their market capitalization.

Company Market Cap
Avidia Bancorp, Inc.
NYSE:AVBC
 		$353.93 Million
Ningbo Runhe High-Tech Materials Co Ltd Class A
SHE:300727
 		$353.93 Million
CGN NEW ENERGY HO.HD0001
F:C41
 		$353.95 Million
KKR Real Estate Finance Trust Inc
NYSE:KREF
 		$353.96 Million
TEMPLE + WEBSTER GRP
F:2Q9
 		$353.77 Million
Summit Hotel Properties Inc
NYSE:INN
 		$353.73 Million
Perion Network
NASDAQ:PERI
 		$353.73 Million
Viettel Construction JSC
VN:CTR
 		$353.72 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shandong Binzhou Bohai Piston Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 4,464,733,384 to 3,475,502,273, a change of -989,231,111 (-22.2%).
  • Net loss of 1,263,730,404 reduced equity.
  • Dividend payments of 77,830,283 reduced retained earnings.
  • Other comprehensive income increased equity by 274,199,393.
  • Other factors increased equity by 78,130,183.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-1.26 Billion -36.36%
Dividends Paid CN¥77.83 Million -2.24%
Other Comprehensive Income CN¥274.20 Million +7.89%
Other Changes CN¥78.13 Million +2.25%
Total Change CN¥- -22.16%

Book Value vs Market Value Analysis

This analysis compares Shandong Binzhou Bohai Piston 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: 1.49x
  • 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 11.90x to 1.49x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-12-31 CN¥0.46 CN¥5.45 x
2002-12-31 CN¥0.54 CN¥5.45 x
2003-12-31 CN¥0.64 CN¥5.45 x
2004-12-31 CN¥1.64 CN¥5.45 x
2005-12-31 CN¥1.62 CN¥5.45 x
2006-12-31 CN¥1.68 CN¥5.45 x
2007-12-31 CN¥1.85 CN¥5.45 x
2008-12-31 CN¥1.90 CN¥5.45 x
2009-12-31 CN¥2.06 CN¥5.45 x
2010-12-31 CN¥2.37 CN¥5.45 x
2011-12-31 CN¥2.63 CN¥5.45 x
2012-12-31 CN¥2.74 CN¥5.45 x
2013-12-31 CN¥2.85 CN¥5.45 x
2014-12-31 CN¥4.36 CN¥5.45 x
2015-12-31 CN¥3.90 CN¥5.45 x
2016-12-31 CN¥4.51 CN¥5.45 x
2017-12-31 CN¥4.74 CN¥5.45 x
2018-12-31 CN¥5.08 CN¥5.45 x
2019-12-31 CN¥4.97 CN¥5.45 x
2020-12-31 CN¥5.27 CN¥5.45 x
2021-12-31 CN¥5.29 CN¥5.45 x
2022-12-31 CN¥4.81 CN¥5.45 x
2023-12-31 CN¥4.70 CN¥5.45 x
2024-12-31 CN¥3.66 CN¥5.45 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shandong Binzhou Bohai Piston 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): -36.36%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -29.89%
  • • Asset Turnover: 0.57x
  • • Equity Multiplier: 2.13x
  • Recent ROE (-36.36%) is below the historical average (3.70%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 14.63% 6.31% 0.89x 2.60x CN¥7.29 Million
2002 17.86% 7.57% 0.89x 2.65x CN¥14.51 Million
2003 16.05% 6.56% 0.76x 3.21x CN¥13.24 Million
2004 7.09% 6.06% 0.56x 2.08x CN¥-16.41 Million
2005 1.59% 1.42% 0.43x 2.61x CN¥-46.85 Million
2006 2.19% 1.62% 0.45x 2.99x CN¥-45.16 Million
2007 5.44% 2.40% 0.75x 3.00x CN¥-28.13 Million
2008 4.56% 2.01% 0.65x 3.48x CN¥-34.66 Million
2009 7.45% 4.20% 0.62x 2.87x CN¥-17.53 Million
2010 15.23% 6.90% 0.85x 2.59x CN¥41.90 Million
2011 11.32% 5.50% 0.91x 2.27x CN¥11.71 Million
2012 4.56% 2.97% 0.69x 2.22x CN¥-50.11 Million
2013 6.15% 4.69% 0.61x 2.15x CN¥-37.62 Million
2014 4.82% 8.28% 0.40x 1.47x CN¥-104.82 Million
2015 1.10% 2.18% 0.34x 1.47x CN¥-181.29 Million
2016 2.75% 6.67% 0.26x 1.56x CN¥-311.00 Million
2017 5.29% 9.54% 0.37x 1.51x CN¥-212.01 Million
2018 2.88% 3.59% 0.41x 1.96x CN¥-343.70 Million
2019 1.53% 1.47% 0.55x 1.88x CN¥-399.99 Million
2020 0.43% 0.46% 0.51x 1.83x CN¥-479.86 Million
2021 -1.73% -1.97% 0.54x 1.64x CN¥-590.28 Million
2022 -1.51% -1.68% 0.56x 1.62x CN¥-525.68 Million
2023 -4.45% -4.26% 0.62x 1.70x CN¥-645.28 Million
2024 -36.36% -29.89% 0.57x 2.13x CN¥-1.61 Billion

Industry Comparison

This section compares Shandong Binzhou Bohai Piston Co Ltd's net assets metrics with peer companies in the Auto Parts industry.

Industry Context

  • Industry: Auto Parts
  • Average net assets among peers: $2,572,980,621
  • Average return on equity (ROE) among peers: 8.22%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shandong Binzhou Bohai Piston Co Ltd (600960) CN¥3.74 Billion 14.63% 0.71x $353.81 Million
Wanxiang Qianchao Co Ltd (000559) $2.25 Billion 8.11% 1.30x $2.51 Billion
Weifu High-Technology Group Co Ltd (000581) $15.35 Billion 16.75% 0.32x $1.90 Billion
Gui Zhou Tyre Co Ltd (000589) $840.45 Million 2.86% 1.85x $805.35 Million
Qingdao Doublestar Co Ltd (000599) $772.99 Million 6.94% 1.69x $447.80 Million
Hengli Industrial Development Group Co Ltd (000622) $169.93 Million 0.00% 0.80x $7.81 Million
Xiangyang Automobile Bearing Co Ltd (000678) $926.07 Million -5.80% 1.58x $632.55 Million
Jiangnan Mould & Plastic Technology Co Ltd (000700) $415.84 Million 7.91% 0.51x $929.41 Million
Sichuan Haowu Electromechanical Co Ltd (000757) $97.36 Million 31.38% 1.32x $230.79 Million
Anhui Zhongding Sealing Parts Co Ltd (000887) $598.28 Million 10.29% 1.20x $2.06 Billion
Aerospace Hi-Tech Holding Group Co Ltd (000901) $4.31 Billion 3.73% 0.63x $1.62 Billion