Beijing New Space Technology Co Ltd (605178) - Net Assets
Based on the latest financial reports, Beijing New Space Technology Co Ltd (605178) has net assets worth CN¥1.16 Billion CNY (≈ $169.44 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¥1.68 Billion ≈ $245.40 Million USD) and total liabilities (CN¥519.13 Million ≈ $75.97 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 Beijing New Space Technology Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.16 Billion |
| % of Total Assets | 69.04% |
| Annual Growth Rate | 26.62% |
| 5-Year Change | -44.02% |
| 10-Year Change | 383.36% |
| Growth Volatility | 51.48 |
Beijing New Space Technology Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Beijing New Space Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Beijing New Space Technology Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Beijing New Space Technology Co Ltd (2014–2025)
The table below shows the annual net assets of Beijing New Space Technology Co Ltd from 2014 to 2025. For live valuation and market cap data, see market value of Beijing New Space Technology Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.14 Billion ≈ $166.78 Million |
-17.70% |
| 2024-12-31 | CN¥1.38 Billion ≈ $202.66 Million |
-15.76% |
| 2023-12-31 | CN¥1.64 Billion ≈ $240.57 Million |
-9.02% |
| 2022-12-31 | CN¥1.81 Billion ≈ $264.43 Million |
-11.24% |
| 2021-12-31 | CN¥2.04 Billion ≈ $297.93 Million |
-1.36% |
| 2020-12-31 | CN¥2.06 Billion ≈ $302.02 Million |
+127.24% |
| 2019-12-31 | CN¥908.27 Million ≈ $132.91 Million |
+51.65% |
| 2018-12-31 | CN¥598.93 Million ≈ $87.64 Million |
+62.88% |
| 2017-12-31 | CN¥367.71 Million ≈ $53.81 Million |
+55.94% |
| 2016-12-31 | CN¥235.80 Million ≈ $34.51 Million |
+125.84% |
| 2015-12-31 | CN¥104.41 Million ≈ $15.28 Million |
+22.87% |
| 2014-12-31 | CN¥84.98 Million ≈ $12.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Beijing New Space Technology 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 decreased by 599.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.39 Billion | 125.08% |
| Total Equity | CN¥1.11 Billion | 100.00% |
Beijing New Space Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing New Space Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Sunshine Laser & Electronics Technology Co Ltd
SHE:300227
|
$940.12 Million |
|
AMG Advanced Metallurgical Group NV
AS:AMG
|
$940.26 Million |
|
EcoRodovias Infraestrutura e Logística S.A
SA:ECOR3
|
$940.44 Million |
|
Yulon Motor Co Ltd
TW:2201
|
$940.61 Million |
|
Sedlmayr Grund und Immobilien AG
F:SPB
|
$939.87 Million |
|
Medartis Holding AG
SW:MED
|
$939.71 Million |
|
Woori Technology Inc
KQ:032820
|
$939.69 Million |
|
Guangxi Guidong Eletric Power Co Ltd
SHG:600310
|
$939.42 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing New Space Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,335,616,764 to 1,110,342,345, a change of -225,274,419 (-16.9%).
- Net loss of 244,395,303 reduced equity.
- Dividend payments of 3,992,207 reduced retained earnings.
- Other comprehensive income decreased equity by 75,167,954.
- Other factors increased equity by 98,281,045.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-244.40 Million | -22.01% |
| Dividends Paid | CN¥3.99 Million | -0.36% |
| Other Comprehensive Income | CN¥-75.17 Million | -6.77% |
| Other Changes | CN¥98.28 Million | +8.85% |
| Total Change | CN¥- | -16.87% |
Book Value vs Market Value Analysis
This analysis compares Beijing New Space Technology 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: 5.79x
- 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 28.61x to 5.79x 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¥2.27 | CN¥64.84 | x |
| 2015-12-31 | CN¥3.72 | CN¥64.84 | x |
| 2016-12-31 | CN¥3.49 | CN¥64.84 | x |
| 2017-12-31 | CN¥5.18 | CN¥64.84 | x |
| 2018-12-31 | CN¥8.41 | CN¥64.84 | x |
| 2019-12-31 | CN¥12.26 | CN¥64.84 | x |
| 2020-12-31 | CN¥23.62 | CN¥64.84 | x |
| 2021-12-31 | CN¥20.68 | CN¥64.84 | x |
| 2022-12-31 | CN¥18.25 | CN¥64.84 | x |
| 2023-12-31 | CN¥16.05 | CN¥64.84 | x |
| 2024-12-31 | CN¥13.46 | CN¥64.84 | x |
| 2025-12-31 | CN¥11.21 | CN¥64.84 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing New Space Technology 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): -22.01%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -70.37%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.49x
- Recent ROE (-22.01%) is below the historical average (11.03%), 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 | 36.56% | 9.63% | 0.96x | 3.96x | CN¥22.57 Million |
| 2015 | 29.42% | 8.85% | 1.20x | 2.76x | CN¥20.27 Million |
| 2016 | 29.68% | 11.64% | 1.16x | 2.19x | CN¥46.40 Million |
| 2017 | 36.43% | 15.10% | 0.99x | 2.43x | CN¥97.20 Million |
| 2018 | 38.28% | 19.78% | 0.84x | 2.29x | CN¥169.40 Million |
| 2019 | 22.60% | 19.67% | 0.62x | 1.85x | CN¥114.46 Million |
| 2020 | 6.43% | 14.81% | 0.32x | 1.34x | CN¥-73.58 Million |
| 2021 | -0.87% | -2.38% | 0.28x | 1.29x | CN¥-221.24 Million |
| 2022 | -11.56% | -63.37% | 0.14x | 1.28x | CN¥-389.87 Million |
| 2023 | -13.02% | -102.20% | 0.09x | 1.35x | CN¥-366.42 Million |
| 2024 | -19.62% | -76.83% | 0.18x | 1.41x | CN¥-395.55 Million |
| 2025 | -22.01% | -70.37% | 0.21x | 1.49x | CN¥-355.43 Million |
Industry Comparison
This section compares Beijing New Space Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $4,521,607,784
- Average return on equity (ROE) among peers: -17.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing New Space Technology Co Ltd (605178) | CN¥1.16 Billion | 36.56% | 0.45x | $940.08 Million |
| XJ Electric Co Ltd (000400) | $2.06 Billion | 5.67% | 0.94x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.81 Billion | 9.38% | 0.11x | $908.69 Million |
| Dongfang Electronics Co Ltd (000682) | $78.67 Million | 125.00% | 0.63x | $2.52 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.26 Billion | 6.39% | 3.26x | $742.84 Million |
| Huagong Tech Co Ltd (000988) | $8.26 Billion | 10.96% | 1.03x | $26.12 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.44 Billion |
| Sieyuan Electric Co Ltd (002028) | $4.51 Billion | 5.52% | 0.51x | $21.78 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $88.12 Million | 23.77% | 0.92x | $468.31 Million |
| Gotion High tech Co Ltd (002074) | $24.50 Billion | 1.27% | 1.96x | $7.89 Billion |
About Beijing New Space Technology Co Ltd
Beijing New Space Technology Co., Ltd. engages in the provision of professional contracting services for urban and road lighting engineering. The company offers smart streetlamps, which provides a complete system platform and solutions, including intelligent lighting, communication services, video and environmental monitoring, energy services, security monitoring, information interaction, and mun… Read more