Beijing Worldia Diamond Tools Co Ltd
Beijing Worldia Diamond Tools Co.,Ltd. engages in the research and development, production, and sale of ultra-high precision and high precision cutting tools in China and internationally. The company offers precision cutting tools; micro-tools; CVD diamond functional and lab grown diamond materials; and tool grade CVD diamond single crystal materials. Its products are used in 3C, automobiles, win… Read more
Beijing Worldia Diamond Tools Co Ltd (688028) - Net Assets
Latest net assets as of September 2025: CN¥1.96 Billion CNY
Based on the latest financial reports, Beijing Worldia Diamond Tools Co Ltd (688028) has net assets worth CN¥1.96 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¥2.25 Billion) and total liabilities (CN¥290.44 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¥1.96 Billion |
| % of Total Assets | 87.1% |
| Annual Growth Rate | 29.01% |
| 5-Year Change | 131.13% |
| 10-Year Change | N/A |
| Growth Volatility | 56.39 |
Beijing Worldia Diamond Tools Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Beijing Worldia Diamond Tools 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 Beijing Worldia Diamond Tools Co Ltd (2016–2024)
The table below shows the annual net assets of Beijing Worldia Diamond Tools Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.95 Billion | +1.81% |
| 2023-12-31 | CN¥1.92 Billion | +1.85% |
| 2022-12-31 | CN¥1.88 Billion | +117.93% |
| 2021-12-31 | CN¥863.06 Million | +2.27% |
| 2020-12-31 | CN¥843.90 Million | -2.44% |
| 2019-12-31 | CN¥864.98 Million | +150.25% |
| 2018-12-31 | CN¥345.64 Million | +15.08% |
| 2017-12-31 | CN¥300.34 Million | +18.15% |
| 2016-12-31 | CN¥254.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Beijing Worldia Diamond Tools 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 280.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥339.35 Million | 17.40% |
| Common Stock | CN¥152.00 Million | 7.79% |
| Other Comprehensive Income | CN¥54.46 Million | 2.79% |
| Other Components | CN¥1.40 Billion | 72.01% |
| Total Equity | CN¥1.95 Billion | 100.00% |
Beijing Worldia Diamond Tools Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing Worldia Diamond Tools Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Imdex Limited
F:IDG
|
$1.17 Billion |
|
Shenzhen Overseas Chinese Town Co Ltd
SHE:000069
|
$1.17 Billion |
|
BW LPG Limited
NYSE:BWLP
|
$1.17 Billion |
|
Doosan Fuel Cell Co Ltd
KO:336260
|
$1.17 Billion |
|
Bausch Health Companies Inc
NYSE:BHC
|
$1.17 Billion |
|
Rush Street Interactive Inc
NYSE:RSI
|
$1.17 Billion |
|
Monarch Casino & Resort Inc
NASDAQ:MCRI
|
$1.17 Billion |
|
Guangdong Mingyang Electric Co. Ltd. A
SHE:301291
|
$1.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Worldia Diamond Tools Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,914,681,063 to 1,950,215,070, a change of 35,534,007 (1.9%).
- Net income of 99,175,576 contributed positively to equity growth.
- Dividend payments of 56,605,783 reduced retained earnings.
- Share repurchases of 10,379,764 reduced equity.
- Other comprehensive income increased equity by 54,198,621.
- Other factors decreased equity by 50,854,643.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥99.18 Million | +5.09% |
| Dividends Paid | CN¥56.61 Million | -2.9% |
| Share Repurchases | CN¥10.38 Million | -0.53% |
| Other Comprehensive Income | CN¥54.20 Million | +2.78% |
| Other Changes | CN¥-50.85 Million | -2.61% |
| Total Change | CN¥- | 1.86% |
Book Value vs Market Value Analysis
This analysis compares Beijing Worldia Diamond Tools 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: 8.22x
- 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 34.94x to 8.22x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥3.02 | CN¥105.52 | x |
| 2017-12-31 | CN¥3.58 | CN¥105.52 | x |
| 2018-12-31 | CN¥4.10 | CN¥105.52 | x |
| 2019-12-31 | CN¥7.72 | CN¥105.52 | x |
| 2020-12-31 | CN¥7.53 | CN¥105.52 | x |
| 2021-12-31 | CN¥10.80 | CN¥105.52 | x |
| 2022-12-31 | CN¥15.39 | CN¥105.52 | x |
| 2023-12-31 | CN¥12.53 | CN¥105.52 | x |
| 2024-12-31 | CN¥12.84 | CN¥105.52 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Worldia Diamond Tools 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): 5.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.62%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 1.16x
- Recent ROE (5.09%) is below the historical average (9.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 16.56% | 24.09% | 0.61x | 1.13x | CN¥16.67 Million |
| 2017 | 19.36% | 24.90% | 0.69x | 1.12x | CN¥28.11 Million |
| 2018 | 19.18% | 25.28% | 0.69x | 1.10x | CN¥31.73 Million |
| 2019 | 6.94% | 23.54% | 0.28x | 1.05x | CN¥-26.48 Million |
| 2020 | 5.86% | 20.46% | 0.27x | 1.06x | CN¥-34.90 Million |
| 2021 | 6.31% | 16.71% | 0.35x | 1.08x | CN¥-31.86 Million |
| 2022 | 3.34% | 15.16% | 0.20x | 1.10x | CN¥-125.19 Million |
| 2023 | 5.09% | 16.15% | 0.28x | 1.11x | CN¥-94.09 Million |
| 2024 | 5.09% | 14.62% | 0.30x | 1.16x | CN¥-95.85 Million |
Industry Comparison
This section compares Beijing Worldia Diamond Tools Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,647,842,907
- Average return on equity (ROE) among peers: 12.27%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Worldia Diamond Tools Co Ltd (688028) | CN¥1.96 Billion | 16.56% | 0.15x | $1.17 Billion |
| Shandong Tengda Fasten Tech (001379) | $1.46 Billion | 5.24% | 0.48x | $185.77 Million |
| Bosun Tools Co Ltd (002282) | $213.66 Million | 25.32% | 0.75x | $216.27 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $856.94 Million | 8.88% | 0.04x | $386.64 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.31 Billion | 0.60% | 0.21x | $318.26 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $3.97 Billion | 12.23% | 0.37x | $2.93 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $5.03 Billion | 17.69% | 0.98x | $427.79 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $142.16 Million | 30.39% | 1.69x | $357.28 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $610.40 Million | 8.30% | 0.14x | $432.29 Million |
| Wafangdian Bearing Co Ltd (200706) | $931.76 Million | 11.83% | 0.98x | $24.70 Million |
| Beijing Dinghan Tech Co (300011) | $1.96 Billion | 2.18% | 0.85x | $428.69 Million |