Befar Group Co Ltd (601678) - Net Assets
Based on the latest financial reports, Befar Group Co Ltd (601678) has net assets worth CN¥12.33 Billion CNY (≈ $1.80 Billion 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¥24.40 Billion ≈ $3.57 Billion USD) and total liabilities (CN¥12.07 Billion ≈ $1.77 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 Befar Group Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.33 Billion |
| % of Total Assets | 50.54% |
| Annual Growth Rate | 15.9% |
| 5-Year Change | 18.08% |
| 10-Year Change | 140.79% |
| Growth Volatility | 56.01 |
Befar Group Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Befar Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See Befar Group Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Befar Group Co Ltd (2006–2025)
The table below shows the annual net assets of Befar Group Co Ltd from 2006 to 2025. For live valuation and market cap data, see 601678 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥12.15 Billion ≈ $1.78 Billion |
+6.77% |
| 2024-12-31 | CN¥11.38 Billion ≈ $1.67 Billion |
-1.23% |
| 2023-12-31 | CN¥11.52 Billion ≈ $1.69 Billion |
+0.84% |
| 2022-12-31 | CN¥11.43 Billion ≈ $1.67 Billion |
+11.04% |
| 2021-12-31 | CN¥10.29 Billion ≈ $1.51 Billion |
+38.08% |
| 2020-12-31 | CN¥7.45 Billion ≈ $1.09 Billion |
+16.24% |
| 2019-12-31 | CN¥6.41 Billion ≈ $938.36 Million |
+3.47% |
| 2018-12-31 | CN¥6.20 Billion ≈ $906.90 Million |
+7.13% |
| 2017-12-31 | CN¥5.78 Billion ≈ $846.51 Million |
+14.62% |
| 2016-12-31 | CN¥5.05 Billion ≈ $738.53 Million |
+4.89% |
| 2015-12-31 | CN¥4.81 Billion ≈ $704.08 Million |
+6.25% |
| 2014-12-31 | CN¥4.53 Billion ≈ $662.64 Million |
+7.45% |
| 2013-12-31 | CN¥4.21 Billion ≈ $616.71 Million |
+4.59% |
| 2012-12-31 | CN¥4.03 Billion ≈ $589.66 Million |
+6.19% |
| 2011-12-31 | CN¥3.79 Billion ≈ $555.31 Million |
+18.89% |
| 2010-12-31 | CN¥3.19 Billion ≈ $467.06 Million |
+255.06% |
| 2009-12-31 | CN¥898.95 Million ≈ $131.54 Million |
+35.68% |
| 2008-12-31 | CN¥662.56 Million ≈ $96.95 Million |
-11.58% |
| 2007-12-31 | CN¥749.31 Million ≈ $109.65 Million |
+1.85% |
| 2006-12-31 | CN¥735.70 Million ≈ $107.66 Million |
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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 2000.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.91 Billion | 51.32% |
| Other Components | CN¥5.61 Billion | 48.68% |
| Total Equity | CN¥11.52 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 |
|---|---|
|
Hangzhou Kelin Electric Co. Ltd. A
SHG:688611
|
$1.76 Billion |
|
Quantinuum Inc. Class A Common Stock
NASDAQ:QNT
|
$1.76 Billion |
|
DCM Shriram Limited
NSE:DCMSHRIRAM
|
$1.76 Billion |
|
AlzChem Group AG
XETRA:ACT
|
$1.76 Billion |
|
Jiangsu New Energy Development Co Ltd
SHG:603693
|
$1.76 Billion |
|
Zydus Wellness Limited
NSE:ZYDUSWELL
|
$1.76 Billion |
|
Nexa Resources SA
NYSE:NEXA
|
$1.76 Billion |
|
Voyager Technologies, Inc.
NYSE:VOYG
|
$1.76 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 2024 to 2025, total equity changed from 11,383,681,558 to 11,520,779,748, a change of 137,098,190 (1.2%).
- Net income of 225,280,998 contributed positively to equity growth.
- Dividend payments of 395,426,980 reduced retained earnings.
- Other factors increased equity by 307,244,172.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥225.28 Million | +1.96% |
| Dividends Paid | CN¥395.43 Million | -3.43% |
| Other Changes | CN¥307.24 Million | +2.67% |
| Total Change | CN¥- | 1.20% |
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: 1.05x
- 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 10.76x to 1.05x 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¥5.86 | x |
| 2007-12-31 | CN¥0.57 | CN¥5.86 | x |
| 2008-12-31 | CN¥0.50 | CN¥5.86 | x |
| 2009-12-31 | CN¥0.56 | CN¥5.86 | x |
| 2010-12-31 | CN¥2.08 | CN¥5.86 | x |
| 2011-12-31 | CN¥2.37 | CN¥5.86 | x |
| 2012-12-31 | CN¥2.55 | CN¥5.86 | x |
| 2013-12-31 | CN¥2.61 | CN¥5.86 | x |
| 2014-12-31 | CN¥2.90 | CN¥5.86 | x |
| 2015-12-31 | CN¥3.05 | CN¥5.86 | x |
| 2016-12-31 | CN¥3.20 | CN¥5.86 | x |
| 2017-12-31 | CN¥3.67 | CN¥5.86 | x |
| 2018-12-31 | CN¥3.93 | CN¥5.86 | x |
| 2019-12-31 | CN¥4.11 | CN¥5.86 | x |
| 2020-12-31 | CN¥3.93 | CN¥5.86 | x |
| 2021-12-31 | CN¥5.97 | CN¥5.86 | x |
| 2022-12-31 | CN¥5.67 | CN¥5.86 | x |
| 2023-12-31 | CN¥5.66 | CN¥5.86 | x |
| 2024-12-31 | CN¥5.71 | CN¥5.86 | x |
| 2025-12-31 | CN¥5.60 | CN¥5.86 | 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): 1.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.52%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.11x
- Recent ROE (1.96%) is below the historical average (12.94%), 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 |
| 2025 | 1.96% | 1.52% | 0.61x | 2.11x | CN¥-926.80 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: $3,574,587,449
- Average return on equity (ROE) among peers: 9.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Befar Group Co Ltd (601678) | CN¥12.33 Billion | 33.14% | 0.98x | $1.76 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $351.19 Million | 0.65% | 0.36x | $390.84 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $6.57 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $989.28 Million | 9.64% | 1.17x | $737.44 Million |
| Luxi Chemical Group Co Ltd (000830) | $17.02 Billion | 4.81% | 1.07x | $3.51 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $3.12 Billion | 24.63% | 0.08x | $9.61 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $1.08 Billion | 0.46% | 0.67x | $1.50 Billion |
| Cofco Biochemical Anhui Co Ltd (000930) | $10.20 Billion | 5.81% | 0.68x | $1.27 Billion |
| Shandong Link Science and Technology Co Ltd (001207) | $268.26 Million | 17.39% | 2.70x | $751.43 Million |
| Zhejiang Transfar Co Ltd (002010) | $104.13 Million | 34.21% | 0.82x | $1.98 Billion |
| Poly Union Chemical Holding Group Co Ltd (002037) | $2.36 Billion | 2.62% | 2.10x | $468.74 Million |
About 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