Bethel Automotive Safety Systems Co Ltd Class A (603596) - Net Assets
Based on the latest financial reports, Bethel Automotive Safety Systems Co Ltd Class A (603596) has net assets worth CN¥7.94 Billion CNY (≈ $1.16 Billion 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¥16.30 Billion ≈ $2.38 Billion USD) and total liabilities (CN¥8.36 Billion ≈ $1.22 Billion 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 financial resilience of Bethel Automotive Safety Systems Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.94 Billion |
| % of Total Assets | 48.71% |
| Annual Growth Rate | 35.17% |
| 5-Year Change | 135.74% |
| 10-Year Change | 1238.62% |
| Growth Volatility | 20.21 |
Bethel Automotive Safety Systems Co Ltd Class A - Net Assets Trend (2013–2024)
This chart illustrates how Bethel Automotive Safety Systems Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore Bethel Automotive Safety Systems Co Ltd asset portfolio for the complete picture of this company's asset base.
Annual Net Assets for Bethel Automotive Safety Systems Co Ltd Class A (2013–2024)
The table below shows the annual net assets of Bethel Automotive Safety Systems Co Ltd Class A from 2013 to 2024. For live valuation and market cap data, see how much is Bethel Automotive Safety Systems Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.94 Billion ≈ $1.02 Billion |
+14.64% |
| 2023-12-31 | CN¥6.05 Billion ≈ $885.86 Million |
+32.57% |
| 2022-12-31 | CN¥4.57 Billion ≈ $668.23 Million |
+30.64% |
| 2021-12-31 | CN¥3.50 Billion ≈ $511.51 Million |
+18.73% |
| 2020-12-31 | CN¥2.94 Billion ≈ $430.80 Million |
+19.60% |
| 2019-12-31 | CN¥2.46 Billion ≈ $360.21 Million |
+19.09% |
| 2018-12-31 | CN¥2.07 Billion ≈ $302.48 Million |
+69.75% |
| 2017-12-31 | CN¥1.22 Billion ≈ $178.19 Million |
+33.66% |
| 2016-12-31 | CN¥911.05 Million ≈ $133.32 Million |
+75.72% |
| 2015-12-31 | CN¥518.47 Million ≈ $75.87 Million |
+56.19% |
| 2014-12-31 | CN¥331.95 Million ≈ $48.58 Million |
+31.69% |
| 2013-12-31 | CN¥252.08 Million ≈ $36.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bethel Automotive Safety Systems Co Ltd Class A'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 4730.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.24 Billion | 64.67% |
| Common Stock | CN¥606.55 Million | 9.25% |
| Other Components | CN¥1.71 Billion | 26.08% |
| Total Equity | CN¥6.56 Billion | 100.00% |
Bethel Automotive Safety Systems Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Bethel Automotive Safety Systems Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tongling Jingd
SHG:600577
|
$4.31 Billion |
|
Capital Financial Indonesia Tbk PT
JK:CASA
|
$4.31 Billion |
|
Shapir Engineering Industry
TA:SPEN
|
$4.31 Billion |
|
Trex Company Inc
NYSE:TREX
|
$4.31 Billion |
|
ABSA Bank Limited
JSE:ABSP
|
$4.29 Billion |
|
Henan Pinggao Electric Co Ltd
SHG:600312
|
$4.29 Billion |
|
Gentera S.A.B. de C.V
MX:GENTERA
|
$4.29 Billion |
|
QuantumScape Corporation Class A Common Stock
NYSE:QS
|
$4.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bethel Automotive Safety Systems Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,677,110,911 to 6,555,921,414, a change of 878,810,503 (15.5%).
- Net income of 1,208,851,308 contributed positively to equity growth.
- Dividend payments of 157,416,055 reduced retained earnings.
- Share repurchases of 63,205,853 reduced equity.
- Other factors decreased equity by 109,418,897.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.21 Billion | +18.44% |
| Dividends Paid | CN¥157.42 Million | -2.4% |
| Share Repurchases | CN¥63.21 Million | -0.96% |
| Other Changes | CN¥-109.42 Million | -1.67% |
| Total Change | CN¥- | 15.48% |
Book Value vs Market Value Analysis
This analysis compares Bethel Automotive Safety Systems Co Ltd Class A'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: 4.49x
- 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 24.80x to 4.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥1.95 | CN¥48.41 | x |
| 2014-12-31 | CN¥2.43 | CN¥48.41 | x |
| 2015-12-31 | CN¥1.28 | CN¥48.41 | x |
| 2016-12-31 | CN¥2.16 | CN¥48.41 | x |
| 2017-12-31 | CN¥2.98 | CN¥48.41 | x |
| 2018-12-31 | CN¥4.82 | CN¥48.41 | x |
| 2019-12-31 | CN¥5.53 | CN¥48.41 | x |
| 2020-12-31 | CN¥6.64 | CN¥48.41 | x |
| 2021-12-31 | CN¥8.52 | CN¥48.41 | x |
| 2022-12-31 | CN¥10.18 | CN¥48.41 | x |
| 2023-12-31 | CN¥13.19 | CN¥48.41 | x |
| 2024-12-31 | CN¥10.79 | CN¥48.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bethel Automotive Safety Systems Co Ltd Class A 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): 18.44%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.17%
- • Asset Turnover: 0.78x
- • Equity Multiplier: 1.95x
- Recent ROE (18.44%) is below the historical average (20.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 13.32% | 7.23% | 0.76x | 2.43x | CN¥7.97 Million |
| 2014 | 20.97% | 7.99% | 0.80x | 3.27x | CN¥33.44 Million |
| 2015 | 35.23% | 11.28% | 1.03x | 3.04x | CN¥118.83 Million |
| 2016 | 33.37% | 12.31% | 0.98x | 2.75x | CN¥190.70 Million |
| 2017 | 25.20% | 11.45% | 0.88x | 2.51x | CN¥167.07 Million |
| 2018 | 12.44% | 9.12% | 0.72x | 1.88x | CN¥46.61 Million |
| 2019 | 17.89% | 12.72% | 0.73x | 1.93x | CN¥177.04 Million |
| 2020 | 17.13% | 15.17% | 0.65x | 1.73x | CN¥192.07 Million |
| 2021 | 14.43% | 14.45% | 0.56x | 1.79x | CN¥154.97 Million |
| 2022 | 16.60% | 12.62% | 0.64x | 2.05x | CN¥277.75 Million |
| 2023 | 15.70% | 11.93% | 0.70x | 1.89x | CN¥323.79 Million |
| 2024 | 18.44% | 12.17% | 0.78x | 1.95x | CN¥553.26 Million |
Industry Comparison
This section compares Bethel Automotive Safety Systems Co Ltd Class A's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,591,014,487
- Average return on equity (ROE) among peers: 4.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bethel Automotive Safety Systems Co Ltd Class A (603596) | CN¥7.94 Billion | 13.32% | 1.05x | $4.30 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $-981.31 Million | 0.00% | 0.00x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $4.12 Billion | 11.29% | 1.14x | $8.58 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $1.12 Billion | 6.84% | 0.38x | $2.32 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.20 Billion | 7.26% | 1.93x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $1.73 Billion | -20.59% | 4.27x | $707.54 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $204.20 Million | 1.54% | 0.67x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.29 Billion | 0.90% | 1.00x | $907.28 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $255.64 Million | 10.42% | 0.21x | $1.95 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $341.13 Million | 10.15% | 0.30x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $6.63 Billion | 13.60% | 0.79x | $3.58 Billion |
About Bethel Automotive Safety Systems Co Ltd Class A
Bethel Automotive Safety Systems Co., Ltd develops, manufactures, and sells automotive chassis systems and advanced driving systems in China. The company offers electronic parking brake systems, wire control brake systems, electric power steering systems, electronic mechanical braking, mechanical steering gears, mechanical steering columns, aluminum knuckles, subframes, control arms, and wheel ho… Read more