Beibu Gulf Tourism Corp Ltd (603869) - Net Assets
Based on the latest financial reports, Beibu Gulf Tourism Corp Ltd (603869) has net assets worth CN¥3.77 Billion CNY (≈ $551.69 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¥4.52 Billion ≈ $661.36 Million USD) and total liabilities (CN¥749.46 Million ≈ $109.67 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 Beibu Gulf Tourism Corp Ltd (603869) strategic asset index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.77 Billion |
| % of Total Assets | 83.42% |
| Annual Growth Rate | 18.45% |
| 5-Year Change | -6.03% |
| 10-Year Change | 4.39% |
| Growth Volatility | 94.17 |
Beibu Gulf Tourism Corp Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Beibu Gulf Tourism Corp Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603869 market cap overview.
Annual Net Assets for Beibu Gulf Tourism Corp Ltd (2011–2025)
The table below shows the annual net assets of Beibu Gulf Tourism Corp Ltd from 2011 to 2025. Also explore Beibu Gulf Tourism Corp Ltd net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.77 Billion ≈ $551.33 Million |
+0.82% |
| 2024-12-31 | CN¥3.74 Billion ≈ $546.82 Million |
-2.88% |
| 2023-12-31 | CN¥3.85 Billion ≈ $563.05 Million |
-3.84% |
| 2022-12-31 | CN¥4.00 Billion ≈ $585.52 Million |
-0.21% |
| 2021-12-31 | CN¥4.01 Billion ≈ $586.73 Million |
+0.38% |
| 2020-12-31 | CN¥3.99 Billion ≈ $584.49 Million |
-0.08% |
| 2019-12-31 | CN¥4.00 Billion ≈ $584.93 Million |
-0.12% |
| 2018-12-31 | CN¥4.00 Billion ≈ $585.60 Million |
+5.69% |
| 2017-12-31 | CN¥3.79 Billion ≈ $554.08 Million |
+4.91% |
| 2016-12-31 | CN¥3.61 Billion ≈ $528.14 Million |
+367.53% |
| 2015-12-31 | CN¥771.97 Million ≈ $112.96 Million |
+65.63% |
| 2014-12-31 | CN¥466.08 Million ≈ $68.20 Million |
+8.29% |
| 2013-12-31 | CN¥430.40 Million ≈ $62.98 Million |
+10.73% |
| 2012-12-31 | CN¥388.70 Million ≈ $56.88 Million |
+10.41% |
| 2011-12-31 | CN¥352.04 Million ≈ $51.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Beibu Gulf Tourism Corp 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 1043.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥784.26 Million | 20.95% |
| Other Components | CN¥2.96 Billion | 79.05% |
| Total Equity | CN¥3.74 Billion | 100.00% |
Beibu Gulf Tourism Corp Ltd Competitors by Market Cap
The table below lists competitors of Beibu Gulf Tourism Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KPI Green Energy Limited
NSE:KPIGREEN
|
$607.06 Million |
|
Guangzhou Lushan New Materials Co. Ltd.
SHG:603051
|
$607.15 Million |
|
Jinneng Science&Tech Co Ltd
SHG:603113
|
$607.15 Million |
|
Chang Jiang Shipping Group Phoenix Co Ltd
SHE:000520
|
$607.21 Million |
|
Jiangsu Flowers King
SHG:603007
|
$606.99 Million |
|
Jiangxi Yuean Advanced Materials Co Ltd
SHG:688786
|
$606.86 Million |
|
Suzhou Xingye Material Tech
SHG:603928
|
$606.74 Million |
|
Qingdao Hiron Commercial Cold Chain Co Ltd
SHG:603187
|
$606.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beibu Gulf Tourism Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,712,747,485 to 3,744,351,699, a change of 31,604,214 (0.9%).
- Net income of 36,943,499 contributed positively to equity growth.
- Dividend payments of 6,228,202 reduced retained earnings.
- Other comprehensive income decreased equity by 195,106,146.
- Other factors increased equity by 195,995,063.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥36.94 Million | +0.99% |
| Dividends Paid | CN¥6.23 Million | -0.17% |
| Other Comprehensive Income | CN¥-195.11 Million | -5.21% |
| Other Changes | CN¥196.00 Million | +5.23% |
| Total Change | CN¥- | 0.85% |
Book Value vs Market Value Analysis
This analysis compares Beibu Gulf Tourism Corp 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: 1.12x
- 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 5.74x to 1.12x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.48 | CN¥8.49 | x |
| 2012-12-31 | CN¥1.68 | CN¥8.49 | x |
| 2013-12-31 | CN¥1.84 | CN¥8.49 | x |
| 2014-12-31 | CN¥1.98 | CN¥8.49 | x |
| 2015-12-31 | CN¥2.61 | CN¥8.49 | x |
| 2016-12-31 | CN¥9.79 | CN¥8.49 | x |
| 2017-12-31 | CN¥7.22 | CN¥8.49 | x |
| 2018-12-31 | CN¥7.85 | CN¥8.49 | x |
| 2019-12-31 | CN¥7.91 | CN¥8.49 | x |
| 2020-12-31 | CN¥6.90 | CN¥8.49 | x |
| 2021-12-31 | CN¥7.17 | CN¥8.49 | x |
| 2022-12-31 | CN¥7.88 | CN¥8.49 | x |
| 2023-12-31 | CN¥7.64 | CN¥8.49 | x |
| 2024-12-31 | CN¥7.69 | CN¥8.49 | x |
| 2025-12-31 | CN¥7.58 | CN¥8.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beibu Gulf Tourism Corp 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): 0.99%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.43%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 1.24x
- Recent ROE (0.99%) is below the historical average (5.91%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 17.26% | 21.73% | 0.49x | 1.63x | CN¥25.58 Million |
| 2012 | 11.51% | 14.73% | 0.38x | 2.04x | CN¥5.86 Million |
| 2013 | 11.24% | 15.34% | 0.49x | 1.49x | CN¥5.35 Million |
| 2014 | 11.13% | 15.78% | 0.54x | 1.31x | CN¥5.27 Million |
| 2015 | 9.24% | 19.58% | 0.39x | 1.20x | CN¥-5.85 Million |
| 2016 | 4.79% | 18.49% | 0.18x | 1.46x | CN¥-184.95 Million |
| 2017 | 7.35% | 10.73% | 0.41x | 1.68x | CN¥-97.03 Million |
| 2018 | 9.55% | 12.46% | 0.44x | 1.75x | CN¥-17.87 Million |
| 2019 | 5.43% | 6.65% | 0.45x | 1.81x | CN¥-180.33 Million |
| 2020 | 0.43% | 1.46% | 0.18x | 1.62x | CN¥-379.09 Million |
| 2021 | 0.56% | 2.37% | 0.18x | 1.28x | CN¥-375.89 Million |
| 2022 | 0.45% | 1.86% | 0.20x | 1.23x | CN¥-379.45 Million |
| 2023 | -1.86% | -7.49% | 0.19x | 1.31x | CN¥-452.63 Million |
| 2024 | 0.56% | 3.12% | 0.14x | 1.24x | CN¥-350.53 Million |
| 2025 | 0.99% | 5.43% | 0.15x | 1.24x | CN¥-337.49 Million |
Industry Comparison
This section compares Beibu Gulf Tourism Corp Ltd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,824,979,786
- Average return on equity (ROE) among peers: 14.47%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beibu Gulf Tourism Corp Ltd (603869) | CN¥3.77 Billion | 17.26% | 0.20x | $607.04 Million |
| Digital China Group Co Ltd (000034) | $369.73 Million | 73.43% | 2.63x | $2.49 Billion |
| ZJBC Information Technology Co Ltd (000889) | $729.46 Million | 7.82% | 0.69x | $532.96 Million |
| Yunnan Nantian Electronics Information Co Ltd (000948) | $2.49 Billion | 5.52% | 2.98x | $762.80 Million |
| Guomai Technologies Inc (002093) | $2.85 Billion | 2.71% | 0.60x | $1.09 Billion |
| Shanghai HiTech Control System (002184) | $822.35 Million | 3.66% | 0.32x | $500.53 Million |
| SZZT Electronics Co Ltd (002197) | $2.42 Billion | 0.75% | 1.68x | $590.65 Million |
| Talkweb Information System Co Ltd (002261) | $108.06 Million | 30.46% | 0.45x | $4.79 Billion |
| Westone Information Industry Inc (002268) | $4.45 Billion | 2.70% | 0.40x | $1.82 Billion |
| Taiji Computer Corp Ltd (002368) | $3.42 Billion | 9.80% | 2.11x | $1.19 Billion |
| COSCO SHIPPING Technology Co Ltd (002401) | $581.83 Million | 7.83% | 0.39x | $657.54 Million |
About Beibu Gulf Tourism Corp Ltd
ENC Digital Technology Co., Ltd engages in the provision of digital solutions and services in China. It focuses on security networks, enterprise digitalization, and intelligent integration. The company offers enterprise security, park security, urban safety, and intelligent integration solutions. It also provides government, enterprise, and user services. The company was formerly known as Beibu G… Read more