Baosheng (600973) - Net Assets

Latest as of September 2025: CN¥4.29 Billion CNY ≈ $628.10 Million USD

Based on the latest financial reports, Baosheng (600973) has net assets worth CN¥4.29 Billion CNY (≈ $628.10 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¥21.61 Billion ≈ $3.16 Billion USD) and total liabilities (CN¥17.32 Billion ≈ $2.53 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 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Baosheng assets under control for the complete picture of this company's asset base.

Annual Net Assets for Baosheng (2001–2024)

The table below shows the annual net assets of Baosheng from 2001 to 2024. For live valuation and market cap data, see Baosheng market capitalisation.

Year Net Assets Change
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 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
Aerosun Corp
SHG:600501
 $1.49 Billion
Henan Thinker Automation
SHG:603508
 $1.49 Billion
Faraday Technology Corp
TW:3035
 $1.49 Billion
Resilient Property Income Fund Ltd
JSE:RES
 $1.49 Billion
Trisura Group Ltd
TO:TSU
 $1.49 Billion
Collective Mining Ltd.
NYSE:CNL
 $1.49 Billion
Molymet
SN:MOLYMET
 $1.49 Billion
First Tractor Co Ltd
SHG:601038
 $1.49 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 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: 2.98x
  • 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 33.74x to 2.98x 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¥7.42 x
2002-12-31 CN¥0.26 CN¥7.42 x
2003-12-31 CN¥0.29 CN¥7.42 x
2004-12-31 CN¥0.82 CN¥7.42 x
2005-12-31 CN¥0.86 CN¥7.42 x
2006-12-31 CN¥1.00 CN¥7.42 x
2007-12-31 CN¥1.21 CN¥7.42 x
2008-12-31 CN¥1.01 CN¥7.42 x
2009-12-31 CN¥1.46 CN¥7.42 x
2010-12-31 CN¥1.53 CN¥7.42 x
2011-12-31 CN¥3.13 CN¥7.42 x
2012-12-31 CN¥2.17 CN¥7.42 x
2013-12-31 CN¥2.15 CN¥7.42 x
2014-12-31 CN¥2.22 CN¥7.42 x
2015-12-31 CN¥2.11 CN¥7.42 x
2016-12-31 CN¥4.04 CN¥7.42 x
2017-12-31 CN¥3.00 CN¥7.42 x
2018-12-31 CN¥2.99 CN¥7.42 x
2019-12-31 CN¥3.22 CN¥7.42 x
2020-12-31 CN¥3.72 CN¥7.42 x
2021-12-31 CN¥2.64 CN¥7.42 x
2022-12-31 CN¥2.73 CN¥7.42 x
2023-12-31 CN¥2.42 CN¥7.42 x
2024-12-31 CN¥2.49 CN¥7.42 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): -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: $2,542,980,118
  • Average return on equity (ROE) among peers: 6.57%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Baosheng (600973) CN¥4.29 Billion 21.76% 4.03x $1.49 Billion
XJ Electric Co Ltd (000400) $1.49 Billion 11.47% 0.73x $3.86 Billion
Guangdong Macro Co Ltd (000533) $598.74 Million 0.58% 4.38x $1.35 Billion
Foshan Electrical and Lighting Co Ltd (000541) $2.84 Billion 10.28% 0.11x $1.03 Billion
Dongfang Electronics Co Ltd (000682) $1.27 Billion 0.84% 0.19x $2.58 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $1.05 Billion -0.83% 4.35x $864.19 Million
Huagong Tech Co Ltd (000988) $7.43 Billion 10.24% 0.87x $18.42 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.48 Billion 7.41% 1.41x $1.82 Billion
Sieyuan Electric Co Ltd (002028) $8.60 Billion 13.93% 0.62x $23.55 Billion
Shanghai Welltech Automation Co Ltd (002058) $175.70 Million 4.41% 0.38x $525.19 Million
Gotion High tech Co Ltd (002074) $497.13 Million 7.34% 0.88x $10.24 Billion

About Baosheng

SHG:600973 China Electrical Equipment & Parts
Market Cap
$1.49 Billion
CN¥10.18 Billion CNY
Market Cap Rank
#7462 Global
#1802 in China
Share Price
CN¥7.42
Change (1 day)
+1.92%
52-Week Range
CN¥4.70 - 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 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