Baosheng
Baosheng Science and Technology Innovation Co.,Ltd. engages in the wire and cable industry in China, Hong Kong, Macao, and Taiwan. It offers power, electrical equipment, and communication cables; and cable system. The company provides control and instrument cables, high-frequency data and network cables, signal cables, magnet wires, overhead lines, building wires, precision conductors, power cabl… Read more
Baosheng (600973) - Net Assets
Latest net assets as of September 2025: CN¥4.29 Billion CNY
Based on the latest financial reports, Baosheng (600973) has net assets worth CN¥4.29 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¥21.61 Billion) and total liabilities (CN¥17.32 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¥4.29 Billion |
| % of Total Assets | 19.86% |
| Annual Growth Rate | 15.5% |
| 5-Year Change | -24.13% |
| 10-Year Change | 79.12% |
| Growth Volatility | 39.01 |
Baosheng - Net Assets Trend (2001–2024)
This chart illustrates how Baosheng's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Baosheng (2001–2024)
The table below shows the annual net assets of Baosheng from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.12 Billion | -17.09% |
| 2023-12-31 | CN¥4.97 Billion | +2.49% |
| 2022-12-31 | CN¥4.85 Billion | +4.26% |
| 2021-12-31 | CN¥4.65 Billion | -14.36% |
| 2020-12-31 | CN¥5.43 Billion | +10.98% |
| 2019-12-31 | CN¥4.90 Billion | +4.14% |
| 2018-12-31 | CN¥4.70 Billion | +7.23% |
| 2017-12-31 | CN¥4.39 Billion | +10.73% |
| 2016-12-31 | CN¥3.96 Billion | +72.04% |
| 2015-12-31 | CN¥2.30 Billion | +7.72% |
| 2014-12-31 | CN¥2.14 Billion | +3.75% |
| 2013-12-31 | CN¥2.06 Billion | +3.08% |
| 2012-12-31 | CN¥2.00 Billion | +14.56% |
| 2011-12-31 | CN¥1.74 Billion | +66.34% |
| 2010-12-31 | CN¥1.05 Billion | +4.85% |
| 2009-12-31 | CN¥1.00 Billion | +33.35% |
| 2008-12-31 | CN¥750.03 Million | -9.06% |
| 2007-12-31 | CN¥824.72 Million | +19.91% |
| 2006-12-31 | CN¥687.79 Million | +17.33% |
| 2005-12-31 | CN¥586.22 Million | +4.72% |
| 2004-12-31 | CN¥559.83 Million | +175.54% |
| 2003-12-31 | CN¥203.18 Million | +13.42% |
| 2002-12-31 | CN¥179.14 Million | +19.41% |
| 2001-12-31 | CN¥150.03 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Baosheng'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 736.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥330.35 Million | 9.69% |
| Common Stock | CN¥1.37 Billion | 40.22% |
| Other Comprehensive Income | CN¥212.83 Million | 6.24% |
| Other Components | CN¥1.50 Billion | 43.85% |
| Total Equity | CN¥3.41 Billion | 100.00% |
Baosheng Competitors by Market Cap
The table below lists competitors of Baosheng ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CGN Mining Company Limited
PINK:CGNMF
|
$733.90 Million |
|
BioArctic AB Series B
LSE:0RV2
|
$734.10 Million |
|
Adaro Minerals Indonesia Tbk PT
JK:ADMR
|
$734.43 Million |
|
S N Nuclearele
RO:SNN
|
$734.58 Million |
|
Técnicas Reunidas S.A
PINK:TNISF
|
$733.74 Million |
|
Amore Group
KO:002790
|
$733.67 Million |
|
Shaanxi Fenghuo Electronics Co Ltd
SHE:000561
|
$733.63 Million |
|
Viaplay Group AB Series A
ST:VPLAY-A
|
$733.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Baosheng's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,753,309,000 to 3,409,600,000, a change of -343,709,000 (-9.2%).
- Net loss of 299,862,282 reduced equity.
- Dividend payments of 474,056,000 reduced retained earnings.
- Other comprehensive income increased equity by 212,828,288.
- Other factors increased equity by 217,380,994.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-299.86 Million | -8.79% |
| Dividends Paid | CN¥474.06 Million | -13.9% |
| Other Comprehensive Income | CN¥212.83 Million | +6.24% |
| Other Changes | CN¥217.38 Million | +6.38% |
| Total Change | CN¥- | -9.16% |
Book Value vs Market Value Analysis
This analysis compares Baosheng'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: 2.95x
- 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 33.33x to 2.95x 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¥0.22 | CN¥7.33 | x |
| 2002-12-31 | CN¥0.26 | CN¥7.33 | x |
| 2003-12-31 | CN¥0.29 | CN¥7.33 | x |
| 2004-12-31 | CN¥0.82 | CN¥7.33 | x |
| 2005-12-31 | CN¥0.86 | CN¥7.33 | x |
| 2006-12-31 | CN¥1.00 | CN¥7.33 | x |
| 2007-12-31 | CN¥1.21 | CN¥7.33 | x |
| 2008-12-31 | CN¥1.01 | CN¥7.33 | x |
| 2009-12-31 | CN¥1.46 | CN¥7.33 | x |
| 2010-12-31 | CN¥1.53 | CN¥7.33 | x |
| 2011-12-31 | CN¥3.13 | CN¥7.33 | x |
| 2012-12-31 | CN¥2.17 | CN¥7.33 | x |
| 2013-12-31 | CN¥2.15 | CN¥7.33 | x |
| 2014-12-31 | CN¥2.22 | CN¥7.33 | x |
| 2015-12-31 | CN¥2.11 | CN¥7.33 | x |
| 2016-12-31 | CN¥4.04 | CN¥7.33 | x |
| 2017-12-31 | CN¥3.00 | CN¥7.33 | x |
| 2018-12-31 | CN¥2.99 | CN¥7.33 | x |
| 2019-12-31 | CN¥3.22 | CN¥7.33 | x |
| 2020-12-31 | CN¥3.72 | CN¥7.33 | x |
| 2021-12-31 | CN¥2.64 | CN¥7.33 | x |
| 2022-12-31 | CN¥2.73 | CN¥7.33 | x |
| 2023-12-31 | CN¥2.42 | CN¥7.33 | x |
| 2024-12-31 | CN¥2.49 | CN¥7.33 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Baosheng 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): -8.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.65%
- • Asset Turnover: 2.22x
- • Equity Multiplier: 6.11x
- Recent ROE (-8.79%) is below the historical average (5.88%), 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 | 21.76% | 8.01% | 1.06x | 2.55x | CN¥17.65 Million |
| 2002 | 16.25% | 5.94% | 1.01x | 2.71x | CN¥11.20 Million |
| 2003 | 15.88% | 4.43% | 1.36x | 2.63x | CN¥11.67 Million |
| 2004 | 7.06% | 3.82% | 1.07x | 1.72x | CN¥-16.46 Million |
| 2005 | 8.28% | 3.74% | 1.13x | 1.95x | CN¥-10.09 Million |
| 2006 | 16.21% | 4.36% | 1.61x | 2.31x | CN¥42.51 Million |
| 2007 | 16.45% | 3.58% | 1.65x | 2.78x | CN¥53.22 Million |
| 2008 | 0.68% | 0.12% | 1.87x | 3.10x | CN¥-69.89 Million |
| 2009 | 10.51% | 2.71% | 1.52x | 2.54x | CN¥5.13 Million |
| 2010 | 8.98% | 1.63% | 1.77x | 3.11x | CN¥-10.74 Million |
| 2011 | 1.03% | 0.26% | 1.51x | 2.64x | CN¥-156.45 Million |
| 2012 | 5.23% | 1.17% | 1.45x | 3.08x | CN¥-91.74 Million |
| 2013 | 5.01% | 1.01% | 1.45x | 3.42x | CN¥-99.03 Million |
| 2014 | 6.24% | 1.06% | 1.42x | 4.16x | CN¥-77.38 Million |
| 2015 | 7.38% | 1.24% | 1.47x | 4.07x | CN¥-57.10 Million |
| 2016 | 7.38% | 1.76% | 1.36x | 3.09x | CN¥-94.51 Million |
| 2017 | 2.37% | 0.42% | 1.41x | 4.04x | CN¥-278.05 Million |
| 2018 | 3.21% | 0.37% | 1.93x | 4.55x | CN¥-248.53 Million |
| 2019 | 4.03% | 0.46% | 1.96x | 4.45x | CN¥-227.83 Million |
| 2020 | 4.57% | 0.66% | 1.72x | 4.00x | CN¥-270.30 Million |
| 2021 | -21.09% | -1.77% | 2.07x | 5.74x | CN¥-1.12 Billion |
| 2022 | 1.75% | 0.16% | 1.96x | 5.66x | CN¥-308.81 Million |
| 2023 | 0.83% | 0.07% | 1.96x | 5.97x | CN¥-344.31 Million |
| 2024 | -8.79% | -0.65% | 2.22x | 6.11x | CN¥-640.82 Million |
Industry Comparison
This section compares Baosheng'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 |
|---|---|---|---|---|
| Baosheng (600973) | CN¥4.29 Billion | 21.76% | 4.03x | $733.82 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 |