Bafang Electric Suzhou Co Ltd (603489) - Net Assets
Based on the latest financial reports, Bafang Electric Suzhou Co Ltd (603489) has net assets worth CN¥2.69 Billion CNY (≈ $394.14 Million 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¥3.20 Billion ≈ $468.67 Million USD) and total liabilities (CN¥509.29 Million ≈ $74.52 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 603489 financial resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore 603489 current and non-current assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Bafang Electric Suzhou Co Ltd (603489) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.65 Billion ≈ $387.12 Million |
-3.86% |
| 2023-12-31 | CN¥2.75 Billion ≈ $402.68 Million |
-3.73% |
| 2022-12-31 | CN¥2.86 Billion ≈ $418.30 Million |
+6.86% |
| 2021-12-31 | CN¥2.68 Billion ≈ $391.45 Million |
+16.16% |
| 2020-12-31 | CN¥2.30 Billion ≈ $336.98 Million |
+16.15% |
| 2019-12-31 | CN¥1.98 Billion ≈ $290.13 Million |
+329.80% |
| 2018-12-31 | CN¥461.32 Million ≈ $67.50 Million |
+71.52% |
| 2017-12-31 | CN¥268.96 Million ≈ $39.36 Million |
+54.82% |
| 2016-12-31 | CN¥173.72 Million ≈ $25.42 Million |
+88.08% |
| 2015-12-31 | CN¥92.36 Million ≈ $13.52 Million |
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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 |
|---|---|
|
Guangzhou KDT Machinery Co Ltd
SHE:002833
|
$1.29 Billion |
|
ConnectOne Bancorp Inc
NASDAQ:CNOB
|
$1.29 Billion |
|
Suzhou Jinfu New Material Co
SHE:300128
|
$1.29 Billion |
|
Zenas BioPharma, Inc. Common Stock
NASDAQ:ZBIO
|
$1.29 Billion |
|
Cobram Estate Olives Ltd
AU:CBO
|
$1.29 Billion |
|
JK Tyre & Industries Limited
NSE:JKTYRE
|
$1.29 Billion |
|
Central Plaza Hotel Public Company Limited
BK:CENTEL
|
$1.29 Billion |
|
Yantai Changyu Pioneer Wine Co Ltd
SHE:000869
|
$1.29 Billion |
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: 3.37x
- 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 17.17x to 3.37x 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¥37.70 | x |
| 2016-12-31 | CN¥4.14 | CN¥37.70 | x |
| 2017-12-31 | CN¥4.29 | CN¥37.70 | x |
| 2018-12-31 | CN¥5.12 | CN¥37.70 | x |
| 2019-12-31 | CN¥11.80 | CN¥37.70 | x |
| 2020-12-31 | CN¥13.70 | CN¥37.70 | x |
| 2021-12-31 | CN¥22.21 | CN¥37.70 | x |
| 2022-12-31 | CN¥16.97 | CN¥37.70 | x |
| 2023-12-31 | CN¥16.37 | CN¥37.70 | x |
| 2024-12-31 | CN¥11.19 | CN¥37.70 | 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: $2,881,043,646
- Average return on equity (ROE) among peers: 9.48%
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 | $1.29 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $149.16 Million | 41.73% | 4.63x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.78 Billion | 7.81% | 0.91x | $8.06 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $2.30 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $36.86 Million | 0.00% | 2.57x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $718.30 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $214.90 Million | 5.52% | 0.47x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $319.83 Million | -26.00% | 1.36x | $793.62 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.66 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $498.43 Million | 3.21% | 1.20x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $515.59 Million | 31.51% | 1.08x | $3.42 Billion |
About 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