Baosheng (600973) - Net Assets

Latest as of March 2026: CN¥4.07 Billion CNY ≈ $595.33 Million USD

Based on the latest financial reports, Baosheng (600973) has net assets worth CN¥4.07 Billion CNY (≈ $595.33 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥23.38 Billion ≈ $3.42 Billion USD) and total liabilities (CN¥19.31 Billion ≈ $2.83 Billion 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 Baosheng (600973) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥4.07 Billion
% of Total Assets 17.4%
Annual Growth Rate 15.09%
5-Year Change -5.89%
10-Year Change 10.59%
Growth Volatility 38.29

Baosheng - Net Assets Trend (2001–2025)

This chart illustrates how Baosheng's net assets have evolved over time, based on quarterly financial data. See 600973 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Baosheng (2001–2025)

The table below shows the annual net assets of Baosheng from 2001 to 2025. For live valuation and market cap data, see Baosheng market capitalisation.

Year Net Assets Change
2025-12-31 CN¥4.38 Billion
≈ $640.92 Million		 +6.22%
2024-12-31 CN¥4.12 Billion
≈ $603.38 Million		 -17.09%
2023-12-31 CN¥4.97 Billion
≈ $727.77 Million		 +2.49%
2022-12-31 CN¥4.85 Billion
≈ $710.07 Million		 +4.26%
2021-12-31 CN¥4.65 Billion
≈ $681.03 Million		 -14.36%
2020-12-31 CN¥5.43 Billion
≈ $795.23 Million		 +10.98%
2019-12-31 CN¥4.90 Billion
≈ $716.55 Million		 +4.14%
2018-12-31 CN¥4.70 Billion
≈ $688.09 Million		 +7.23%
2017-12-31 CN¥4.39 Billion
≈ $641.72 Million		 +10.73%
2016-12-31 CN¥3.96 Billion
≈ $579.53 Million		 +72.04%
2015-12-31 CN¥2.30 Billion
≈ $336.86 Million		 +7.72%
2014-12-31 CN¥2.14 Billion
≈ $312.71 Million		 +3.75%
2013-12-31 CN¥2.06 Billion
≈ $301.41 Million		 +3.08%
2012-12-31 CN¥2.00 Billion
≈ $292.42 Million		 +14.56%
2011-12-31 CN¥1.74 Billion
≈ $255.25 Million		 +66.34%
2010-12-31 CN¥1.05 Billion
≈ $153.45 Million		 +4.85%
2009-12-31 CN¥1.00 Billion
≈ $146.35 Million		 +33.35%
2008-12-31 CN¥750.03 Million
≈ $109.75 Million		 -9.06%
2007-12-31 CN¥824.72 Million
≈ $120.68 Million		 +19.91%
2006-12-31 CN¥687.79 Million
≈ $100.65 Million		 +17.33%
2005-12-31 CN¥586.22 Million
≈ $85.78 Million		 +4.72%
2004-12-31 CN¥559.83 Million
≈ $81.92 Million		 +175.54%
2003-12-31 CN¥203.18 Million
≈ $29.73 Million		 +13.42%
2002-12-31 CN¥179.14 Million
≈ $26.21 Million		 +19.41%
2001-12-31 CN¥150.03 Million
≈ $21.95 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 536.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥251.51 Million 6.88%
Common Stock CN¥1.37 Billion 37.51%
Other Comprehensive Income CN¥537.71 Million 14.71%
Other Components CN¥1.50 Billion 40.90%
Total Equity CN¥3.66 Billion 100.00%

Baosheng Competitors by Market Cap

The table below lists competitors of Baosheng ranked by their market capitalization.

Company Market Cap
Kuangda Technology Group Co Ltd
SHE:002516
 $1.31 Billion
Wuhan East Lake High Technology Group Co Ltd
SHG:600133
 $1.31 Billion
Couchbase Inc
NASDAQ:BASE
 $1.31 Billion
Grupo Aeroméxico S.A.B. de C.V
MX:AEROMEX
 $1.31 Billion
Sun Art Retail Group Limited
F:SRI
 $1.31 Billion
Elecon Engineering Company Limited
NSE:ELECON
 $1.31 Billion
i-80 Gold Corp.
NYSE MKT:IAUX
 $1.31 Billion
InterRent Real Estate Investment Trust
TO:IIP-UN
 $1.31 Billion

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 2024 to 2025, total equity changed from 3,409,600,000 to 3,655,647,652, a change of 246,047,652 (7.2%).
  • Net loss of 43,888,446 reduced equity.
  • Dividend payments of 332,072,749 reduced retained earnings.
  • Other comprehensive income increased equity by 324,882,374.
  • Other factors increased equity by 297,126,473.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥-43.89 Million -1.2%
Dividends Paid CN¥332.07 Million -9.08%
Other Comprehensive Income CN¥324.88 Million +8.89%
Other Changes CN¥297.13 Million +8.13%
Total Change CN¥- 7.22%

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: 2.45x
  • 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 29.65x to 2.45x 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¥6.52 x
2002-12-31 CN¥0.26 CN¥6.52 x
2003-12-31 CN¥0.29 CN¥6.52 x
2004-12-31 CN¥0.82 CN¥6.52 x
2005-12-31 CN¥0.86 CN¥6.52 x
2006-12-31 CN¥1.00 CN¥6.52 x
2007-12-31 CN¥1.21 CN¥6.52 x
2008-12-31 CN¥1.01 CN¥6.52 x
2009-12-31 CN¥1.46 CN¥6.52 x
2010-12-31 CN¥1.53 CN¥6.52 x
2011-12-31 CN¥3.13 CN¥6.52 x
2012-12-31 CN¥2.17 CN¥6.52 x
2013-12-31 CN¥2.15 CN¥6.52 x
2014-12-31 CN¥2.22 CN¥6.52 x
2015-12-31 CN¥2.11 CN¥6.52 x
2016-12-31 CN¥2.99 CN¥6.52 x
2017-12-31 CN¥3.00 CN¥6.52 x
2018-12-31 CN¥2.99 CN¥6.52 x
2019-12-31 CN¥3.22 CN¥6.52 x
2020-12-31 CN¥3.72 CN¥6.52 x
2021-12-31 CN¥2.66 CN¥6.52 x
2022-12-31 CN¥2.86 CN¥6.52 x
2023-12-31 CN¥2.42 CN¥6.52 x
2024-12-31 CN¥2.50 CN¥6.52 x
2025-12-31 CN¥2.67 CN¥6.52 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): -1.20%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -0.09%
  • • Asset Turnover: 2.27x
  • • Equity Multiplier: 5.78x
  • Recent ROE (-1.20%) is below the historical average (5.60%), 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
2025 -1.20% -0.09% 2.27x 5.78x CN¥-409.45 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: $2,375,666,864
  • Average return on equity (ROE) among peers: 8.16%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Baosheng (600973) CN¥4.07 Billion 21.76% 4.75x $1.31 Billion
XJ Electric Co Ltd (000400) $6.87 Billion 10.49% 0.82x $3.41 Billion
Guangdong Macro Co Ltd (000533) $1.03 Billion 9.12% 1.88x $1.05 Billion
Foshan Electrical and Lighting Co Ltd (000541) $2.33 Billion 9.42% 0.10x $908.69 Million
Dongfang Electronics Co Ltd (000682) $1.51 Billion 1.44% 0.29x $2.52 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $1.05 Billion -0.83% 4.35x $742.84 Million
Huagong Tech Co Ltd (000988) $5.80 Billion 4.89% 0.51x $26.12 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.62 Billion 6.74% 1.87x $1.44 Billion
Sieyuan Electric Co Ltd (002028) $3.00 Billion 31.66% 0.29x $21.78 Billion
Shanghai Welltech Automation Co Ltd (002058) $180.55 Million -0.36% 0.21x $468.31 Million
Gotion High tech Co Ltd (002074) $363.89 Million 9.00% 0.79x $7.89 Billion

About Baosheng

SHG:600973 China Electrical Equipment & Parts
Market Cap
$1.31 Billion
CN¥8.94 Billion CNY
Market Cap Rank
#7915 Global
#1892 in China
Share Price
CN¥6.52
Change (1 day)
-2.10%
52-Week Range
CN¥4.79 - CN¥9.10
All Time High
CN¥9.10
Categories
Companies in China Electrical Equipment & Parts
About

Baosheng Science and Technology Innovation Co.,Ltd. engages in the research, development, production, sales, and service of wires, cables, and cable accessories in China, Hong Kong, Macao, and Taiwan. The company offers power cables, electrical equipment cables, communication cables, and optical fibers. It also provides aerospace; marine and marine engineering; submarine; power transmission and d… Read more