Bafang Electric Suzhou Co Ltd
Bafang Electric (Suzhou) Co.,Ltd. engages in the manufacture of e-mobility components and complete e-drive systems for e-bikes and electric scooters in China. The company offers front, mid, and rear motors; gear hub products; HMI products; downtube, intube, and rack type batteries; and controllers. It also provides various accessories, such as bash guards, sprocket, throttles, chain wheels, crank… Read more
Bafang Electric Suzhou Co Ltd (603489) - Net Assets
Latest net assets as of September 2025: CN¥2.69 Billion CNY
Based on the latest financial reports, Bafang Electric Suzhou Co Ltd (603489) has net assets worth CN¥2.69 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¥3.20 Billion) and total liabilities (CN¥509.29 Million). 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¥2.69 Billion |
| % of Total Assets | 84.1% |
| Annual Growth Rate | 45.16% |
| 5-Year Change | 14.88% |
| 10-Year Change | N/A |
| Growth Volatility | 99.11 |
Bafang Electric Suzhou Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Bafang Electric Suzhou Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Bafang Electric Suzhou Co Ltd (2015–2024)
The table below shows the annual net assets of Bafang Electric Suzhou Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.65 Billion | -3.86% |
| 2023-12-31 | CN¥2.75 Billion | -3.73% |
| 2022-12-31 | CN¥2.86 Billion | +6.86% |
| 2021-12-31 | CN¥2.68 Billion | +16.16% |
| 2020-12-31 | CN¥2.30 Billion | +16.15% |
| 2019-12-31 | CN¥1.98 Billion | +329.80% |
| 2018-12-31 | CN¥461.32 Million | +71.52% |
| 2017-12-31 | CN¥268.96 Million | +54.82% |
| 2016-12-31 | CN¥173.72 Million | +88.08% |
| 2015-12-31 | CN¥92.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Bafang Electric Suzhou 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 1912.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.13 Billion | 42.60% |
| Common Stock | CN¥235.01 Million | 8.88% |
| Other Comprehensive Income | CN¥75.12 Million | 2.84% |
| Other Components | CN¥1.21 Billion | 45.68% |
| Total Equity | CN¥2.65 Billion | 100.00% |
Bafang Electric Suzhou Co Ltd Competitors by Market Cap
The table below lists competitors of Bafang Electric Suzhou Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
3D Systems Corporation
NYSE:DDD
|
$284.23 Million |
|
Stockmann Oyj Abp
F:SOMB
|
$284.27 Million |
|
Black Rock Coffee Bar, Inc. Class A Common Stock
NASDAQ:BRCB
|
$284.31 Million |
|
Southern Cable Group Bhd
KLSE:0225
|
$284.31 Million |
|
Shanghai Carthane Co Ltd
SHG:603037
|
$284.12 Million |
|
AVCON Information Tech
SHE:300074
|
$284.05 Million |
|
Tianjin Jieqiang Power Equipment Co
SHE:300875
|
$284.05 Million |
|
Shuifa Energas Gas Co Ltd
SHG:603318
|
$283.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bafang Electric Suzhou Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,751,823,384 to 2,645,488,146, a change of -106,335,238 (-3.9%).
- Net income of 63,845,821 contributed positively to equity growth.
- Dividend payments of 167,584,271 reduced retained earnings.
- Share repurchases of 7,461,784 reduced equity.
- Other comprehensive income decreased equity by 2,118,750.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥63.85 Million | +2.41% |
| Dividends Paid | CN¥167.58 Million | -6.33% |
| Share Repurchases | CN¥7.46 Million | -0.28% |
| Other Comprehensive Income | CN¥-2.12 Million | -0.08% |
| Other Changes | CN¥6.98 Million | +0.26% |
| Total Change | CN¥- | -3.86% |
Book Value vs Market Value Analysis
This analysis compares Bafang Electric Suzhou 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: 2.96x
- 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 15.09x to 2.96x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥2.20 | CN¥33.14 | x |
| 2016-12-31 | CN¥4.14 | CN¥33.14 | x |
| 2017-12-31 | CN¥4.29 | CN¥33.14 | x |
| 2018-12-31 | CN¥5.12 | CN¥33.14 | x |
| 2019-12-31 | CN¥11.80 | CN¥33.14 | x |
| 2020-12-31 | CN¥13.70 | CN¥33.14 | x |
| 2021-12-31 | CN¥22.21 | CN¥33.14 | x |
| 2022-12-31 | CN¥16.97 | CN¥33.14 | x |
| 2023-12-31 | CN¥16.37 | CN¥33.14 | x |
| 2024-12-31 | CN¥11.19 | CN¥33.14 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bafang Electric Suzhou 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): 2.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.71%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.19x
- Recent ROE (2.41%) is below the historical average (24.80%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 44.90% | 15.19% | 1.60x | 1.85x | CN¥32.23 Million |
| 2016 | 51.43% | 22.81% | 1.34x | 1.68x | CN¥71.97 Million |
| 2017 | 19.83% | 8.67% | 1.34x | 1.71x | CN¥26.43 Million |
| 2018 | 50.37% | 24.66% | 1.36x | 1.50x | CN¥186.22 Million |
| 2019 | 16.33% | 27.06% | 0.52x | 1.15x | CN¥125.58 Million |
| 2020 | 17.47% | 28.79% | 0.49x | 1.24x | CN¥172.01 Million |
| 2021 | 22.68% | 22.92% | 0.75x | 1.32x | CN¥339.11 Million |
| 2022 | 17.91% | 17.97% | 0.79x | 1.26x | CN¥226.23 Million |
| 2023 | 4.65% | 7.76% | 0.49x | 1.21x | CN¥-147.32 Million |
| 2024 | 2.41% | 4.71% | 0.43x | 1.19x | CN¥-200.70 Million |
Industry Comparison
This section compares Bafang Electric Suzhou Co Ltd'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 |
|---|---|---|---|---|
| Bafang Electric Suzhou Co Ltd (603489) | CN¥2.69 Billion | 44.90% | 0.19x | $284.15 Million |
| 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 |