Shandong Binzhou Bohai Piston Co Ltd (600960) - Net Assets
Based on the latest financial reports, Shandong Binzhou Bohai Piston Co Ltd (600960) has net assets worth CN¥3.74 Billion CNY (≈ $547.39 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¥6.40 Billion ≈ $936.55 Million USD) and total liabilities (CN¥2.66 Billion ≈ $389.16 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 600960 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore Shandong Binzhou Bohai Piston Co Ltd (600960) total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see how much is Shandong Binzhou Bohai Piston Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.52 Billion ≈ $515.10 Million |
-21.88% |
| 2023-12-31 | CN¥4.51 Billion ≈ $659.40 Million |
-2.12% |
| 2022-12-31 | CN¥4.60 Billion ≈ $673.68 Million |
-12.54% |
| 2021-12-31 | CN¥5.26 Billion ≈ $770.24 Million |
-0.01% |
| 2020-12-31 | CN¥5.26 Billion ≈ $770.28 Million |
+2.84% |
| 2019-12-31 | CN¥5.12 Billion ≈ $748.99 Million |
-2.03% |
| 2018-12-31 | CN¥5.22 Billion ≈ $764.50 Million |
+10.93% |
| 2017-12-31 | CN¥4.71 Billion ≈ $689.16 Million |
+8.31% |
| 2016-12-31 | CN¥4.35 Billion ≈ $636.29 Million |
+108.23% |
| 2015-12-31 | CN¥2.09 Billion ≈ $305.57 Million |
+0.26% |
| 2014-12-31 | CN¥2.08 Billion ≈ $304.78 Million |
+111.24% |
| 2013-12-31 | CN¥985.97 Million ≈ $144.28 Million |
+6.44% |
| 2012-12-31 | CN¥926.30 Million ≈ $135.55 Million |
+3.88% |
| 2011-12-31 | CN¥891.72 Million ≈ $130.49 Million |
+10.61% |
| 2010-12-31 | CN¥806.18 Million ≈ $117.97 Million |
+16.21% |
| 2009-12-31 | CN¥693.70 Million ≈ $101.51 Million |
+8.21% |
| 2008-12-31 | CN¥641.05 Million ≈ $93.81 Million |
+0.90% |
| 2007-12-31 | CN¥635.36 Million ≈ $92.97 Million |
+6.37% |
| 2006-12-31 | CN¥597.30 Million ≈ $87.40 Million |
+3.81% |
| 2005-12-31 | CN¥575.36 Million ≈ $84.19 Million |
+0.05% |
| 2004-12-31 | CN¥575.08 Million ≈ $84.15 Million |
+151.17% |
| 2003-12-31 | CN¥228.96 Million ≈ $33.50 Million |
+17.86% |
| 2002-12-31 | CN¥194.27 Million ≈ $28.43 Million |
+16.65% |
| 2001-12-31 | CN¥166.54 Million ≈ $24.37 Million |
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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 |
|---|---|
|
Jinxiandai Information Industry Co
SHE:300830
|
$691.29 Million |
|
CytomX Therapeutics Inc
NASDAQ:CTMX
|
$691.30 Million |
|
WEB Travel Group Ltd
AU:WEB
|
$691.40 Million |
|
Cannae Holdings Inc
NYSE:CNNE
|
$691.40 Million |
|
PTC India Limited
NSE:PTC
|
$691.14 Million |
|
FinVolution Group
F:PP3
|
$691.07 Million |
|
Cikarang Listrindo Tbk PT
JK:POWR
|
$691.04 Million |
|
SP Group A/S
CO:SPG
|
$691.03 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: 1.36x
- 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 10.85x to 1.36x 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¥4.97 | x |
| 2002-12-31 | CN¥0.54 | CN¥4.97 | x |
| 2003-12-31 | CN¥0.64 | CN¥4.97 | x |
| 2004-12-31 | CN¥1.64 | CN¥4.97 | x |
| 2005-12-31 | CN¥1.62 | CN¥4.97 | x |
| 2006-12-31 | CN¥1.68 | CN¥4.97 | x |
| 2007-12-31 | CN¥1.85 | CN¥4.97 | x |
| 2008-12-31 | CN¥1.90 | CN¥4.97 | x |
| 2009-12-31 | CN¥2.06 | CN¥4.97 | x |
| 2010-12-31 | CN¥2.37 | CN¥4.97 | x |
| 2011-12-31 | CN¥2.63 | CN¥4.97 | x |
| 2012-12-31 | CN¥2.74 | CN¥4.97 | x |
| 2013-12-31 | CN¥2.85 | CN¥4.97 | x |
| 2014-12-31 | CN¥4.36 | CN¥4.97 | x |
| 2015-12-31 | CN¥3.90 | CN¥4.97 | x |
| 2016-12-31 | CN¥4.51 | CN¥4.97 | x |
| 2017-12-31 | CN¥4.74 | CN¥4.97 | x |
| 2018-12-31 | CN¥5.08 | CN¥4.97 | x |
| 2019-12-31 | CN¥4.97 | CN¥4.97 | x |
| 2020-12-31 | CN¥5.27 | CN¥4.97 | x |
| 2021-12-31 | CN¥5.29 | CN¥4.97 | x |
| 2022-12-31 | CN¥4.81 | CN¥4.97 | x |
| 2023-12-31 | CN¥4.70 | CN¥4.97 | x |
| 2024-12-31 | CN¥3.66 | CN¥4.97 | 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: $1,854,035,138
- Average return on equity (ROE) among peers: 6.78%
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 | $691.28 Million |
| FAWER Automotive Parts Ltd Co (000030) | $4.25 Billion | 12.78% | 0.67x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $5.39 Billion | 16.35% | 1.14x | $7.81 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.73 Billion | 7.09% | 0.69x | $2.27 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $3.42 Billion | 2.58% | 2.07x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $1.02 Billion | 3.88% | 1.74x | $712.32 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $-142.94 Million | 0.00% | 0.00x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $520.20 Million | 5.86% | 0.55x | $782.86 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $260.39 Million | 10.42% | 0.21x | $1.62 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $473.32 Million | 6.06% | 0.51x | $381.19 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $624.69 Million | 2.79% | 1.67x | $3.35 Billion |
About Shandong Binzhou Bohai Piston Co Ltd
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