Befar Group Co Ltd (601678) - Net Assets

Latest as of September 2025: CN¥11.45 Billion CNY ≈ $1.68 Billion USD

Based on the latest financial reports, Befar Group Co Ltd (601678) has net assets worth CN¥11.45 Billion CNY (≈ $1.68 Billion 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¥24.05 Billion ≈ $3.52 Billion USD) and total liabilities (CN¥12.59 Billion ≈ $1.84 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 601678 financial resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore 601678 current and non-current assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 601678 market cap overview.

Year	Net Assets	Change
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	--

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
Gree Real Estate Co Ltd SHG:600185	$1.61 Billion
Xiamen Meiya Pico Information SHE:300188	$1.61 Billion
Allied Gold Corporation NYSE:AAUC	$1.61 Billion
Celltrion Pharm Inc KQ:068760	$1.61 Billion
Fortress Income Fund Ltd JSE:FFB	$1.61 Billion
Hotel Shilla KO:008770	$1.61 Billion
Cosmax Inc KO:192820	$1.61 Billion
Odontoprev S.A SA:ODPV3	$1.61 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: 0.93x
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 9.80x to 0.93x 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¥5.34	x
2007-12-31	CN¥0.57	CN¥5.34	x
2008-12-31	CN¥0.50	CN¥5.34	x
2009-12-31	CN¥0.56	CN¥5.34	x
2010-12-31	CN¥2.08	CN¥5.34	x
2011-12-31	CN¥2.37	CN¥5.34	x
2012-12-31	CN¥2.55	CN¥5.34	x
2013-12-31	CN¥2.61	CN¥5.34	x
2014-12-31	CN¥2.90	CN¥5.34	x
2015-12-31	CN¥3.05	CN¥5.34	x
2016-12-31	CN¥3.20	CN¥5.34	x
2017-12-31	CN¥3.67	CN¥5.34	x
2018-12-31	CN¥3.93	CN¥5.34	x
2019-12-31	CN¥4.11	CN¥5.34	x
2020-12-31	CN¥3.93	CN¥5.34	x
2021-12-31	CN¥5.97	CN¥5.34	x
2022-12-31	CN¥5.67	CN¥5.34	x
2023-12-31	CN¥5.66	CN¥5.34	x
2024-12-31	CN¥5.71	CN¥5.34	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: $757,076,135
Average return on equity (ROE) among peers: 17.07%

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	$1.61 Billion
Chongqing Sanxia Paints Co Ltd (000565)	$132.89 Million	13.77%	0.98x	$508.22 Million
Hengyi Petrochemical Co Ltd (000703)	$187.55 Million	-10.77%	0.62x	$9.61 Billion
Guangdong Xinhui Meida Nylon Co Ltd (000782)	$1.24 Billion	2.83%	1.13x	$754.52 Million
Luxi Chemical Group Co Ltd (000830)	$2.59 Billion	8.19%	3.36x	$4.71 Billion
China Minmetals Rare Earth Co Ltd (000831)	$92.67 Million	58.60%	2.88x	$8.64 Billion
Anhui Guofeng Plastic Industry Co Ltd (000859)	$158.61 Million	29.32%	1.96x	$1.21 Billion
Cofco Biochemical Anhui Co Ltd (000930)	$98.99 Million	29.63%	2.11x	$1.62 Billion
Shandong Link Science and Technology Co Ltd (001207)	$1.77 Billion	9.55%	0.33x	$583.32 Million
Zhejiang Transfar Co Ltd (002010)	$516.04 Million	15.39%	0.20x	$2.36 Billion
Poly Union Chemical Holding Group Co Ltd (002037)	$790.80 Million	14.23%	1.34x	$604.70 Million

About Befar Group Co Ltd

SHG:601678 China Specialty Chemicals

Market Cap

$1.61 Billion

CN¥10.98 Billion CNY

Market Cap Rank

#7128 Global

#1685 in China

Share Price

CN¥5.34

Change (1 day)

-0.19%

52-Week Range

CN¥4.06 - CN¥5.85

All Time High

CN¥13.02