China Bester Group Telecom Co Ltd (603220) - Net Assets
Based on the latest financial reports, China Bester Group Telecom Co Ltd (603220) has net assets worth CN¥4.05 Billion CNY (≈ $592.76 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¥9.95 Billion ≈ $1.46 Billion USD) and total liabilities (CN¥5.90 Billion ≈ $863.35 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 tangible equity quality of China Bester Group Telecom Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.05 Billion |
| % of Total Assets | 40.71% |
| Annual Growth Rate | 19.03% |
| 5-Year Change | 21.64% |
| 10-Year Change | 239.95% |
| Growth Volatility | 29.67 |
China Bester Group Telecom Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how China Bester Group Telecom Co Ltd's net assets have evolved over time, based on quarterly financial data. See China Bester Group Telecom Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China Bester Group Telecom Co Ltd (2014–2025)
The table below shows the annual net assets of China Bester Group Telecom Co Ltd from 2014 to 2025. For live valuation and market cap data, see 603220 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.17 Billion ≈ $317.88 Million |
+2.59% |
| 2024-12-31 | CN¥2.12 Billion ≈ $309.86 Million |
+5.39% |
| 2023-12-31 | CN¥2.01 Billion ≈ $294.02 Million |
+7.84% |
| 2022-12-31 | CN¥1.86 Billion ≈ $272.63 Million |
+4.33% |
| 2021-12-31 | CN¥1.79 Billion ≈ $261.32 Million |
+5.56% |
| 2020-12-31 | CN¥1.69 Billion ≈ $247.56 Million |
+2.35% |
| 2019-12-31 | CN¥1.65 Billion ≈ $241.87 Million |
+9.22% |
| 2018-12-31 | CN¥1.51 Billion ≈ $221.44 Million |
+100.01% |
| 2017-12-31 | CN¥756.59 Million ≈ $110.71 Million |
+18.40% |
| 2016-12-31 | CN¥639.01 Million ≈ $93.51 Million |
+23.40% |
| 2015-12-31 | CN¥517.86 Million ≈ $75.78 Million |
+62.00% |
| 2014-12-31 | CN¥319.66 Million ≈ $46.78 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to China Bester Group Telecom 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 1195.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥866.64 Million | 42.13% |
| Other Components | CN¥1.19 Billion | 57.87% |
| Total Equity | CN¥2.06 Billion | 100.00% |
China Bester Group Telecom Co Ltd Competitors by Market Cap
The table below lists competitors of China Bester Group Telecom Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WeRide Inc. American Depositary Shares
NASDAQ:WRD
|
$1.98 Billion |
|
Sarda Energy & Minerals Limited
NSE:SARDAEN
|
$1.98 Billion |
|
Shenyang Machine Tool Co Ltd
SHE:000410
|
$1.98 Billion |
|
AVI LTD (UNSP.ADR)/5
F:IZ60
|
$1.98 Billion |
|
Opple Lighting Co Ltd
SHG:603515
|
$1.98 Billion |
|
Watsco Inc
NYSE:WSO-B
|
$1.98 Billion |
|
Anywhere Real Estate Inc
NYSE:HOUS
|
$1.98 Billion |
|
Zhejiang Transfar Co Ltd
SHE:002010
|
$1.98 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Bester Group Telecom Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,040,195,962 to 2,057,008,384, a change of 16,812,422 (0.8%).
- Net income of 81,369,891 contributed positively to equity growth.
- Dividend payments of 195,255,114 reduced retained earnings.
- Other factors increased equity by 130,697,645.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥81.37 Million | +3.96% |
| Dividends Paid | CN¥195.26 Million | -9.49% |
| Other Changes | CN¥130.70 Million | +6.35% |
| Total Change | CN¥- | 0.82% |
Book Value vs Market Value Analysis
This analysis compares China Bester Group Telecom 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: 5.32x
- 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 17.37x to 5.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥1.45 | CN¥25.22 | x |
| 2015-12-31 | CN¥2.35 | CN¥25.22 | x |
| 2016-12-31 | CN¥2.54 | CN¥25.22 | x |
| 2017-12-31 | CN¥2.96 | CN¥25.22 | x |
| 2018-12-31 | CN¥5.81 | CN¥25.22 | x |
| 2019-12-31 | CN¥4.78 | CN¥25.22 | x |
| 2020-12-31 | CN¥4.76 | CN¥25.22 | x |
| 2021-12-31 | CN¥5.08 | CN¥25.22 | x |
| 2022-12-31 | CN¥5.30 | CN¥25.22 | x |
| 2023-12-31 | CN¥4.45 | CN¥25.22 | x |
| 2024-12-31 | CN¥4.65 | CN¥25.22 | x |
| 2025-12-31 | CN¥4.74 | CN¥25.22 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Bester Group Telecom 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): 3.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.51%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 4.15x
- Recent ROE (3.96%) is below the historical average (9.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 15.60% | 8.76% | 0.77x | 2.33x | CN¥17.89 Million |
| 2015 | 12.66% | 8.91% | 0.74x | 1.91x | CN¥13.79 Million |
| 2016 | 16.34% | 10.83% | 0.68x | 2.23x | CN¥40.50 Million |
| 2017 | 15.56% | 8.66% | 0.71x | 2.54x | CN¥42.07 Million |
| 2018 | 9.64% | 8.34% | 0.57x | 2.02x | CN¥-5.41 Million |
| 2019 | 9.44% | 8.33% | 0.57x | 1.99x | CN¥-9.09 Million |
| 2020 | 3.54% | 2.75% | 0.54x | 2.37x | CN¥-103.91 Million |
| 2021 | 10.62% | 6.88% | 0.64x | 2.42x | CN¥10.63 Million |
| 2022 | 6.10% | 4.12% | 0.57x | 2.60x | CN¥-69.62 Million |
| 2023 | 7.41% | 5.03% | 0.47x | 3.16x | CN¥-50.16 Million |
| 2024 | 7.10% | 4.85% | 0.37x | 3.96x | CN¥-59.24 Million |
| 2025 | 3.96% | 2.51% | 0.38x | 4.15x | CN¥-124.33 Million |
Industry Comparison
This section compares China Bester Group Telecom Co Ltd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,205,935,474
- Average return on equity (ROE) among peers: 6.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Bester Group Telecom Co Ltd (603220) | CN¥4.05 Billion | 15.60% | 1.46x | $1.98 Billion |
| Beijing Bewinner Communications Co Ltd (002148) | $1.13 Billion | -2.52% | 0.10x | $511.02 Million |
| Net263 Ltd (002467) | $2.02 Billion | 3.39% | 0.17x | $1.04 Billion |
| Runjian Communication Co Ltd Class A (002929) | $946.00 Million | 18.90% | 1.02x | $2.58 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $800.19 Million | -16.68% | 2.76x | $336.52 Million |
| Dingli Communications Corp Ltd (300050) | $2.42 Billion | 1.07% | 0.27x | $537.37 Million |
| Fuchun Technology Co Ltd (300299) | $531.11 Million | 14.13% | 0.92x | $514.15 Million |
| Zhong Fu Tong Co Ltd (300560) | $1.14 Billion | 3.14% | 1.37x | $630.35 Million |
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | $1.13 Billion | 21.95% | 0.08x | $1.39 Billion |
| NOVA Technology Corporation Limited (300921) | $805.10 Million | 9.45% | 0.14x | $598.69 Million |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $1.13 Billion | 7.48% | 0.04x | $1.88 Billion |
About China Bester Group Telecom Co Ltd
China Bester Group Telecom Co., Ltd. engages in the planning, design, construction, maintenance, and optimization of communications networks for telecom operators in China. It offers network construction services, including 5G mobile communication networks, optical transmission, gigabit optical networks, and other digital infrastructures comprising network planning and design, project implementat… Read more