Shanghai Beite Technology Co
Shanghai Beite Technology group Co., Ltd. engages in the chassis parts, lightweight aluminum alloy, and air-conditioning compressor businesses in China. The company provides chassis-related racks, gears, torsion bars, worms, input shafts, output shafts, IPA assemblies, shock absorber piston rods, differential output shafts, new energy high-precision parts CDC-evo external control valve housings, … Read more
Shanghai Beite Technology Co (603009) - Net Assets
Latest net assets as of September 2025: CN¥1.85 Billion CNY
Based on the latest financial reports, Shanghai Beite Technology Co (603009) has net assets worth CN¥1.85 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¥3.72 Billion) and total liabilities (CN¥1.87 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¥1.85 Billion |
| % of Total Assets | 49.64% |
| Annual Growth Rate | 22.06% |
| 5-Year Change | 14.22% |
| 10-Year Change | 235.82% |
| Growth Volatility | 54.28 |
Shanghai Beite Technology Co - Net Assets Trend (2006–2024)
This chart illustrates how Shanghai Beite Technology Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shanghai Beite Technology Co (2006–2024)
The table below shows the annual net assets of Shanghai Beite Technology Co from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.78 Billion | +2.90% |
| 2023-12-31 | CN¥1.73 Billion | +5.88% |
| 2022-12-31 | CN¥1.63 Billion | +1.29% |
| 2021-12-31 | CN¥1.61 Billion | +3.50% |
| 2020-12-31 | CN¥1.56 Billion | -6.27% |
| 2019-12-31 | CN¥1.66 Billion | -5.70% |
| 2018-12-31 | CN¥1.76 Billion | +30.06% |
| 2017-12-31 | CN¥1.35 Billion | +5.56% |
| 2016-12-31 | CN¥1.28 Billion | +142.28% |
| 2015-12-31 | CN¥529.38 Million | +16.69% |
| 2014-12-31 | CN¥453.66 Million | +75.66% |
| 2013-12-31 | CN¥258.26 Million | +19.11% |
| 2012-12-31 | CN¥216.81 Million | +29.20% |
| 2011-12-31 | CN¥167.81 Million | +33.75% |
| 2010-12-31 | CN¥125.46 Million | +27.38% |
| 2009-12-31 | CN¥98.50 Million | +26.95% |
| 2008-12-31 | CN¥77.59 Million | +191.97% |
| 2007-12-31 | CN¥26.57 Million | -45.94% |
| 2006-12-31 | CN¥49.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Beite Technology Co'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 916.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥359.57 Million | 21.76% |
| Common Stock | CN¥338.53 Million | 20.49% |
| Other Comprehensive Income | CN¥62.13 Million | 3.76% |
| Other Components | CN¥892.20 Million | 53.99% |
| Total Equity | CN¥1.65 Billion | 100.00% |
Shanghai Beite Technology Co Competitors by Market Cap
The table below lists competitors of Shanghai Beite Technology Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hugo Boss AG
OTCQX:HUGPF
|
$1.43 Billion |
|
AVI LTD RC-05
F:IZ6
|
$1.43 Billion |
|
Cogeco Communications Inc
PINK:CGEAF
|
$1.43 Billion |
|
Tibet Tianlu Co Ltd
SHG:600326
|
$1.43 Billion |
|
TravelSky Technology Limited
PINK:TSYHF
|
$1.43 Billion |
|
German American Bancorp Inc
NASDAQ:GABC
|
$1.43 Billion |
|
Anhui Heli Co Ltd
SHG:600761
|
$1.43 Billion |
|
Fujian Sunner Development Co Ltd
SHE:002299
|
$1.43 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Beite Technology Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,605,018,388 to 1,652,422,802, a change of 47,404,414 (3.0%).
- Net income of 71,435,795 contributed positively to equity growth.
- Dividend payments of 55,850,692 reduced retained earnings.
- Other comprehensive income increased equity by 123,876,947.
- Other factors decreased equity by 92,057,636.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥71.44 Million | +4.32% |
| Dividends Paid | CN¥55.85 Million | -3.38% |
| Other Comprehensive Income | CN¥123.88 Million | +7.5% |
| Other Changes | CN¥-92.06 Million | -5.57% |
| Total Change | CN¥- | 2.95% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Beite Technology Co'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: 11.27x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 205.58x to 11.27x 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¥0.25 | CN¥52.15 | x |
| 2007-12-31 | CN¥0.13 | CN¥52.15 | x |
| 2008-12-31 | CN¥0.37 | CN¥52.15 | x |
| 2009-12-31 | CN¥0.52 | CN¥52.15 | x |
| 2010-12-31 | CN¥0.65 | CN¥52.15 | x |
| 2011-12-31 | CN¥0.80 | CN¥52.15 | x |
| 2012-12-31 | CN¥1.04 | CN¥52.15 | x |
| 2013-12-31 | CN¥1.25 | CN¥52.15 | x |
| 2014-12-31 | CN¥1.93 | CN¥52.15 | x |
| 2015-12-31 | CN¥1.92 | CN¥52.15 | x |
| 2016-12-31 | CN¥4.21 | CN¥52.15 | x |
| 2017-12-31 | CN¥4.07 | CN¥52.15 | x |
| 2018-12-31 | CN¥4.64 | CN¥52.15 | x |
| 2019-12-31 | CN¥4.41 | CN¥52.15 | x |
| 2020-12-31 | CN¥4.14 | CN¥52.15 | x |
| 2021-12-31 | CN¥4.31 | CN¥52.15 | x |
| 2022-12-31 | CN¥4.37 | CN¥52.15 | x |
| 2023-12-31 | CN¥4.42 | CN¥52.15 | x |
| 2024-12-31 | CN¥4.63 | CN¥52.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Beite Technology Co 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): 4.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.53%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.06x
- Recent ROE (4.32%) is below the historical average (15.22%), 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 | 19.06% | 15.49% | 0.71x | 1.73x | CN¥4.28 Million |
| 2007 | 75.54% | 17.67% | 1.80x | 2.37x | CN¥16.15 Million |
| 2008 | 31.33% | 14.19% | 1.13x | 1.96x | CN¥14.67 Million |
| 2009 | 30.56% | 14.52% | 1.10x | 1.91x | CN¥18.89 Million |
| 2010 | 28.37% | 12.40% | 0.94x | 2.44x | CN¥22.18 Million |
| 2011 | 25.07% | 11.07% | 0.96x | 2.36x | CN¥24.27 Million |
| 2012 | 22.79% | 11.34% | 0.81x | 2.49x | CN¥26.69 Million |
| 2013 | 16.38% | 7.70% | 0.80x | 2.67x | CN¥15.93 Million |
| 2014 | 9.94% | 6.95% | 0.68x | 2.09x | CN¥-270.24K |
| 2015 | 8.97% | 6.57% | 0.64x | 2.13x | CN¥-5.34 Million |
| 2016 | 4.39% | 6.97% | 0.45x | 1.39x | CN¥-71.20 Million |
| 2017 | 5.40% | 8.01% | 0.45x | 1.50x | CN¥-62.25 Million |
| 2018 | 3.23% | 4.50% | 0.42x | 1.72x | CN¥-117.61 Million |
| 2019 | -8.56% | -10.41% | 0.40x | 2.04x | CN¥-294.11 Million |
| 2020 | 2.04% | 2.06% | 0.45x | 2.21x | CN¥-118.36 Million |
| 2021 | 4.21% | 3.75% | 0.55x | 2.05x | CN¥-89.51 Million |
| 2022 | 2.93% | 2.69% | 0.53x | 2.04x | CN¥-110.84 Million |
| 2023 | 3.17% | 2.70% | 0.55x | 2.11x | CN¥-109.63 Million |
| 2024 | 4.32% | 3.53% | 0.59x | 2.06x | CN¥-93.81 Million |
Industry Comparison
This section compares Shanghai Beite Technology Co's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Beite Technology Co (603009) | CN¥1.85 Billion | 19.06% | 1.01x | $1.43 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |