Shanghai Beite Technology Co (603009) - Net Assets

Latest as of March 2026: CN¥2.14 Billion CNY ≈ $313.56 Million USD

Based on the latest financial reports, Shanghai Beite Technology Co (603009) has net assets worth CN¥2.14 Billion CNY (≈ $313.56 Million 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¥4.01 Billion ≈ $586.70 Million USD) and total liabilities (CN¥1.87 Billion ≈ $273.14 Million 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 Shanghai Beite Technology Co tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥2.14 Billion
% of Total Assets 53.44%
Annual Growth Rate 20.97%
5-Year Change 13.59%
10-Year Change 42.66%
Growth Volatility 53.2

Shanghai Beite Technology Co - Net Assets Trend (2006–2025)

This chart illustrates how Shanghai Beite Technology Co's net assets have evolved over time, based on quarterly financial data. See 603009 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shanghai Beite Technology Co (2006–2025)

The table below shows the annual net assets of Shanghai Beite Technology Co from 2006 to 2025. For live valuation and market cap data, see Shanghai Beite Technology Co market capitalisation.

Year Net Assets Change
2025-12-31 CN¥1.83 Billion
≈ $267.75 Million		 +2.92%
2024-12-31 CN¥1.78 Billion
≈ $260.14 Million		 +2.90%
2023-12-31 CN¥1.73 Billion
≈ $252.81 Million		 +5.88%
2022-12-31 CN¥1.63 Billion
≈ $238.77 Million		 +1.29%
2021-12-31 CN¥1.61 Billion
≈ $235.72 Million		 +3.50%
2020-12-31 CN¥1.56 Billion
≈ $227.75 Million		 -6.27%
2019-12-31 CN¥1.66 Billion
≈ $242.99 Million		 -5.70%
2018-12-31 CN¥1.76 Billion
≈ $257.67 Million		 +30.06%
2017-12-31 CN¥1.35 Billion
≈ $198.11 Million		 +5.56%
2016-12-31 CN¥1.28 Billion
≈ $187.68 Million		 +142.28%
2015-12-31 CN¥529.38 Million
≈ $77.46 Million		 +16.69%
2014-12-31 CN¥453.66 Million
≈ $66.38 Million		 +75.66%
2013-12-31 CN¥258.26 Million
≈ $37.79 Million		 +19.11%
2012-12-31 CN¥216.81 Million
≈ $31.73 Million		 +29.20%
2011-12-31 CN¥167.81 Million
≈ $24.56 Million		 +33.75%
2010-12-31 CN¥125.46 Million
≈ $18.36 Million		 +27.38%
2009-12-31 CN¥98.50 Million
≈ $14.41 Million		 +26.95%
2008-12-31 CN¥77.59 Million
≈ $11.35 Million		 +191.97%
2007-12-31 CN¥26.57 Million
≈ $3.89 Million		 -45.94%
2006-12-31 CN¥49.16 Million
≈ $7.19 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 1160.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥445.71 Million 25.56%
Other Components CN¥1.30 Billion 74.44%
Total Equity CN¥1.74 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
89bio Inc
NASDAQ:ETNB
 $2.20 Billion
China Railway Materials Co Ltd
SHE:000927
 $2.20 Billion
Shandong Fiberglass Group Co Ltd
SHG:605006
 $2.20 Billion
Bank of N.T. Butterfield & Son Ltd
NYSE:NTB
 $2.21 Billion
Hansol Chemica
KO:014680
 $2.20 Billion
Hilltop Holdings Inc
NYSE:HTH
 $2.20 Billion
Torunlar Gayrimenkul Yatirim Ortakligi AS
IS:TRGYO
 $2.20 Billion
Custom Truck One Source Inc
NYSE:CTOS
 $2.20 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 2024 to 2025, total equity changed from 1,652,422,802 to 1,743,434,674, a change of 91,011,872 (5.5%).
  • Net income of 119,548,819 contributed positively to equity growth.
  • Dividend payments of 56,687,846 reduced retained earnings.
  • Other comprehensive income decreased equity by 62,130,958.
  • Other factors increased equity by 90,281,858.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥119.55 Million +6.86%
Dividends Paid CN¥56.69 Million -3.25%
Other Comprehensive Income CN¥-62.13 Million -3.56%
Other Changes CN¥90.28 Million +5.18%
Total Change CN¥- 5.51%

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: 8.44x
  • 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 171.36x to 8.44x 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¥43.47 x
2007-12-31 CN¥0.13 CN¥43.47 x
2008-12-31 CN¥0.37 CN¥43.47 x
2009-12-31 CN¥0.52 CN¥43.47 x
2010-12-31 CN¥0.65 CN¥43.47 x
2011-12-31 CN¥0.80 CN¥43.47 x
2012-12-31 CN¥1.04 CN¥43.47 x
2013-12-31 CN¥1.25 CN¥43.47 x
2014-12-31 CN¥1.93 CN¥43.47 x
2015-12-31 CN¥1.92 CN¥43.47 x
2016-12-31 CN¥4.21 CN¥43.47 x
2017-12-31 CN¥4.07 CN¥43.47 x
2018-12-31 CN¥4.64 CN¥43.47 x
2019-12-31 CN¥4.41 CN¥43.47 x
2020-12-31 CN¥4.14 CN¥43.47 x
2021-12-31 CN¥4.31 CN¥43.47 x
2022-12-31 CN¥4.37 CN¥43.47 x
2023-12-31 CN¥4.42 CN¥43.47 x
2024-12-31 CN¥4.63 CN¥43.47 x
2025-12-31 CN¥5.15 CN¥43.47 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): 6.86%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 5.15%
  • • Asset Turnover: 0.61x
  • • Equity Multiplier: 2.20x
  • Recent ROE (6.86%) is below the historical average (14.80%), 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
2025 6.86% 5.15% 0.61x 2.20x CN¥-54.79 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: $3,421,590,511
  • Average return on equity (ROE) among peers: 7.03%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shanghai Beite Technology Co (603009) CN¥2.14 Billion 19.06% 0.87x $2.20 Billion
FAWER Automotive Parts Ltd Co (000030) $9.28 Billion 7.29% 0.94x $1.07 Billion
Wanxiang Qianchao Co Ltd (000559) $2.25 Billion 8.11% 1.30x $6.69 Billion
Weifu High-Technology Group Co Ltd (000581) $18.43 Billion 0.64% 0.55x $2.08 Billion
Gui Zhou Tyre Co Ltd (000589) $77.69 Million 26.52% 2.33x $1.01 Billion
Qingdao Doublestar Co Ltd (000599) $2.50 Billion 2.32% 1.02x $1.58 Billion
Hengli Industrial Development Group Co Ltd (000622) $135.45 Million 0.00% 0.93x $9.33 Million
Xiangyang Automobile Bearing Co Ltd (000678) $530.98 Million 0.92% 1.48x $675.92 Million
Jiangnan Mould & Plastic Technology Co Ltd (000700) $1.20 Billion 6.30% 2.26x $2.16 Billion
Sichuan Haowu Electromechanical Co Ltd (000757) $-736.34 Million 0.00% 0.00x $294.66 Million
Anhui Zhongding Sealing Parts Co Ltd (000887) $537.43 Million 18.21% 0.61x $4.31 Billion

About Shanghai Beite Technology Co

SHG:603009 China Auto Parts
Market Cap
$2.20 Billion
CN¥15.06 Billion CNY
Market Cap Rank
#6004 Global
#1244 in China
Share Price
CN¥43.47
Change (1 day)
+0.53%
52-Week Range
CN¥37.94 - CN¥59.59
All Time High
CN¥59.92
Categories
Companies in China Auto Parts
About

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