Befar Group Co Ltd
Befar Group Co.,Ltd, together with its subsidiaries, engages in the production, processing, and sale of organic and inorganic chemical products in China and internationally. The company offers caustic soda, propylene oxide, trichloroethylene, tetrachloroethylene, allyl chloride, epichlorohydrin, electronic grade hydrofluoric acid, lithium hexafluorophosphate, hydrogen peroxide, small and large un… Read more
Befar Group Co Ltd (601678) - Net Assets
Latest net assets as of September 2025: CN¥11.45 Billion CNY
Based on the latest financial reports, Befar Group Co Ltd (601678) has net assets worth CN¥11.45 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¥24.05 Billion) and total liabilities (CN¥12.59 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¥11.45 Billion |
| % of Total Assets | 47.63% |
| Annual Growth Rate | 16.43% |
| 5-Year Change | 52.7% |
| 10-Year Change | 136.57% |
| Growth Volatility | 57.42 |
Befar Group Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Befar Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Befar Group Co Ltd (2006–2024)
The table below shows the annual net assets of Befar Group Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥11.38 Billion | -1.23% |
| 2023-12-31 | CN¥11.52 Billion | +0.84% |
| 2022-12-31 | CN¥11.43 Billion | +11.04% |
| 2021-12-31 | CN¥10.29 Billion | +38.08% |
| 2020-12-31 | CN¥7.45 Billion | +16.24% |
| 2019-12-31 | CN¥6.41 Billion | +3.47% |
| 2018-12-31 | CN¥6.20 Billion | +7.13% |
| 2017-12-31 | CN¥5.78 Billion | +14.62% |
| 2016-12-31 | CN¥5.05 Billion | +4.89% |
| 2015-12-31 | CN¥4.81 Billion | +6.25% |
| 2014-12-31 | CN¥4.53 Billion | +7.45% |
| 2013-12-31 | CN¥4.21 Billion | +4.59% |
| 2012-12-31 | CN¥4.03 Billion | +6.19% |
| 2011-12-31 | CN¥3.79 Billion | +18.89% |
| 2010-12-31 | CN¥3.19 Billion | +255.06% |
| 2009-12-31 | CN¥898.95 Million | +35.68% |
| 2008-12-31 | CN¥662.56 Million | -11.58% |
| 2007-12-31 | CN¥749.31 Million | +1.85% |
| 2006-12-31 | CN¥735.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Befar Group 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 grown by 1950.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.77 Billion | 50.68% |
| Common Stock | CN¥2.06 Billion | 18.08% |
| Other Components | CN¥3.56 Billion | 31.24% |
| Total Equity | CN¥11.38 Billion | 100.00% |
Befar Group Co Ltd Competitors by Market Cap
The table below lists competitors of Befar Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Innovex International, Inc
NYSE:INVX
|
$1.12 Billion |
|
Jiangsu Lopal Tech Co Ltd
SHG:603906
|
$1.12 Billion |
|
Xior Student Housing BVBA
F:5XR
|
$1.12 Billion |
|
Evotec SE
PINK:EVOTF
|
$1.12 Billion |
|
Hongbo Co Ltd
SHE:002229
|
$1.12 Billion |
|
Aksa Akrilik Kimya Sanayi AS
IS:AKSA
|
$1.12 Billion |
|
Bristow Group Inc
NYSE:VTOL
|
$1.12 Billion |
|
Oppein Home Group Inc
SHG:603833
|
$1.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Befar Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,409,819,192 to 11,383,681,558, a change of -26,137,634 (-0.2%).
- Net income of 219,249,265 contributed positively to equity growth.
- Dividend payments of 351,222,471 reduced retained earnings.
- Share repurchases of 154,367,706 reduced equity.
- Other factors increased equity by 260,203,278.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥219.25 Million | +1.93% |
| Dividends Paid | CN¥351.22 Million | -3.09% |
| Share Repurchases | CN¥154.37 Million | -1.36% |
| Other Changes | CN¥260.20 Million | +2.29% |
| Total Change | CN¥- | -0.23% |
Book Value vs Market Value Analysis
This analysis compares Befar Group 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: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 10.33x to 0.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.54 | CN¥5.63 | x |
| 2007-12-31 | CN¥0.57 | CN¥5.63 | x |
| 2008-12-31 | CN¥0.50 | CN¥5.63 | x |
| 2009-12-31 | CN¥0.56 | CN¥5.63 | x |
| 2010-12-31 | CN¥2.08 | CN¥5.63 | x |
| 2011-12-31 | CN¥2.37 | CN¥5.63 | x |
| 2012-12-31 | CN¥2.55 | CN¥5.63 | x |
| 2013-12-31 | CN¥2.61 | CN¥5.63 | x |
| 2014-12-31 | CN¥2.90 | CN¥5.63 | x |
| 2015-12-31 | CN¥3.05 | CN¥5.63 | x |
| 2016-12-31 | CN¥3.20 | CN¥5.63 | x |
| 2017-12-31 | CN¥3.67 | CN¥5.63 | x |
| 2018-12-31 | CN¥3.93 | CN¥5.63 | x |
| 2019-12-31 | CN¥4.11 | CN¥5.63 | x |
| 2020-12-31 | CN¥3.93 | CN¥5.63 | x |
| 2021-12-31 | CN¥5.97 | CN¥5.63 | x |
| 2022-12-31 | CN¥5.67 | CN¥5.63 | x |
| 2023-12-31 | CN¥5.66 | CN¥5.63 | x |
| 2024-12-31 | CN¥5.71 | CN¥5.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Befar Group 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): 1.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.14%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 2.02x
- Recent ROE (1.93%) is below the historical average (13.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 33.14% | 7.60% | 1.27x | 3.43x | CN¥146.84 Million |
| 2007 | 38.73% | 13.13% | 0.80x | 3.69x | CN¥192.00 Million |
| 2008 | 14.11% | 4.66% | 0.48x | 6.27x | CN¥23.82 Million |
| 2009 | 32.14% | 9.76% | 0.74x | 4.47x | CN¥183.76 Million |
| 2010 | 10.89% | 9.44% | 0.86x | 1.34x | CN¥27.61 Million |
| 2011 | 16.58% | 13.20% | 1.02x | 1.23x | CN¥241.57 Million |
| 2012 | 9.38% | 8.70% | 0.75x | 1.43x | CN¥-24.07 Million |
| 2013 | 6.22% | 6.16% | 0.64x | 1.58x | CN¥-153.25 Million |
| 2014 | 8.18% | 7.40% | 0.69x | 1.59x | CN¥-80.27 Million |
| 2015 | 9.07% | 8.95% | 0.66x | 1.53x | CN¥-44.44 Million |
| 2016 | 7.20% | 7.38% | 0.68x | 1.44x | CN¥-139.36 Million |
| 2017 | 14.46% | 12.77% | 0.82x | 1.39x | CN¥254.65 Million |
| 2018 | 11.44% | 10.39% | 0.63x | 1.74x | CN¥88.52 Million |
| 2019 | 6.91% | 7.11% | 0.56x | 1.75x | CN¥-195.68 Million |
| 2020 | 6.87% | 7.85% | 0.46x | 1.92x | CN¥-231.35 Million |
| 2021 | 15.92% | 17.54% | 0.55x | 1.64x | CN¥604.32 Million |
| 2022 | 10.40% | 13.25% | 0.49x | 1.59x | CN¥45.04 Million |
| 2023 | 3.36% | 5.24% | 0.35x | 1.85x | CN¥-757.87 Million |
| 2024 | 1.93% | 2.14% | 0.45x | 2.02x | CN¥-919.12 Million |
Industry Comparison
This section compares Befar Group Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Befar Group Co Ltd (601678) | CN¥11.45 Billion | 33.14% | 1.10x | $1.12 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |