Baosheng Net Assets

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

Baosheng net assets. 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. Also explore how fast is Baosheng growing its equity to track the company's year-over-year net asset growth rate.

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

Net Assets of Baosheng (2001–2025)

Net assets of Baosheng from 2001 to 2025. This chart illustrates how Baosheng's net assets have evolved over time, based on quarterly financial data. See Baosheng balance sheet quality to measure how much of total assets are equity-financed.

Annual Net Assets for Baosheng (2001–2025)

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

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.

Baosheng Net Assets Breakdown (December 2025)

Baosheng net assets breakdown by equity component as of 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
Meitav Dash Investments Ltd TA:MTDS	$1.09 Billion
Jiangsu Cai Qin Technology Co Ltd SHG:688182	$1.09 Billion
Beijing Wandong Medical Technology Co Ltd SHG:600055	$1.09 Billion
Aegean Airlines S.A. AT:AEGN	$1.09 Billion
BrightView Holdings NYSE:BV	$1.09 Billion
Tokai Carbon Korea Co. Ltd KQ:064760	$1.09 Billion
Asia Optical Co Inc TW:3019	$1.09 Billion
Shanghai Cooltech Power Co Ltd SHE:300153	$1.09 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: 2.03x
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 24.65x to 2.03x 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¥5.42	x
2002-12-31	CN¥0.26	CN¥5.42	x
2003-12-31	CN¥0.29	CN¥5.42	x
2004-12-31	CN¥0.82	CN¥5.42	x
2005-12-31	CN¥0.86	CN¥5.42	x
2006-12-31	CN¥1.00	CN¥5.42	x
2007-12-31	CN¥1.21	CN¥5.42	x
2008-12-31	CN¥1.01	CN¥5.42	x
2009-12-31	CN¥1.46	CN¥5.42	x
2010-12-31	CN¥1.53	CN¥5.42	x
2011-12-31	CN¥3.13	CN¥5.42	x
2012-12-31	CN¥2.17	CN¥5.42	x
2013-12-31	CN¥2.15	CN¥5.42	x
2014-12-31	CN¥2.22	CN¥5.42	x
2015-12-31	CN¥2.11	CN¥5.42	x
2016-12-31	CN¥2.99	CN¥5.42	x
2017-12-31	CN¥3.00	CN¥5.42	x
2018-12-31	CN¥2.99	CN¥5.42	x
2019-12-31	CN¥3.22	CN¥5.42	x
2020-12-31	CN¥3.72	CN¥5.42	x
2021-12-31	CN¥2.66	CN¥5.42	x
2022-12-31	CN¥2.86	CN¥5.42	x
2023-12-31	CN¥2.42	CN¥5.42	x
2024-12-31	CN¥2.50	CN¥5.42	x
2025-12-31	CN¥2.67	CN¥5.42	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: $3,094,180,439
Average return on equity (ROE) among peers: 7.04%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Baosheng (600973)	CN¥4.07 Billion	21.76%	4.75x	$1.09 Billion
XJ Electric Co Ltd (000400)	$8.12 Billion	7.55%	0.88x	$3.76 Billion
Guangdong Macro Co Ltd (000533)	$1.03 Billion	9.12%	1.88x	$971.46 Million
Foshan Electrical and Lighting Co Ltd (000541)	$1.91 Billion	9.06%	0.17x	$933.93 Million
Dongfang Electronics Co Ltd (000682)	$1.75 Billion	2.52%	0.77x	$2.01 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.13 Billion	7.06%	3.87x	$603.09 Million
Huagong Tech Co Ltd (000988)	$3.26 Billion	7.06%	0.72x	$9.31 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$775.82 Million	9.79%	0.91x	$1.14 Billion
Sieyuan Electric Co Ltd (002028)	$4.51 Billion	5.52%	0.51x	$13.04 Billion
Shanghai Welltech Automation Co Ltd (002058)	$197.13 Million	2.61%	0.22x	$426.33 Million
Gotion High tech Co Ltd (002074)	$8.26 Billion	10.15%	1.07x	$6.61 Billion

About Baosheng

SHG:600973 China Electrical Equipment & Parts

Market Cap

$1.09 Billion

CN¥7.43 Billion CNY

Market Cap Rank

#8234 Global

#1869 in China

Share Price

CN¥5.42

Change (1 day)

-0.91%

52-Week Range

CN¥5.04 - CN¥9.10

All Time High

CN¥9.10