Beijing Worldia Diamond Tools Co Ltd (688028) - Net Assets
Based on the latest financial reports, Beijing Worldia Diamond Tools Co Ltd (688028) has net assets worth CN¥2.02 Billion CNY (≈ $295.70 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¥2.34 Billion ≈ $342.64 Million USD) and total liabilities (CN¥320.77 Million ≈ $46.94 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. Also explore 688028 total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.02 Billion |
| % of Total Assets | 86.3% |
| Annual Growth Rate | 36.86% |
| 5-Year Change | 396.1% |
| 10-Year Change | N/A |
| Growth Volatility | 59.0 |
Beijing Worldia Diamond Tools Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Beijing Worldia Diamond Tools Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Beijing Worldia Diamond Tools Co Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Beijing Worldia Diamond Tools Co Ltd (2016–2025)
The table below shows the annual net assets of Beijing Worldia Diamond Tools Co Ltd from 2016 to 2025. For live valuation and market cap data, see 688028 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.28 Billion ≈ $626.55 Million |
+119.52% |
| 2024-12-31 | CN¥1.95 Billion ≈ $285.42 Million |
+1.81% |
| 2023-12-31 | CN¥1.92 Billion ≈ $280.34 Million |
+1.85% |
| 2022-12-31 | CN¥1.88 Billion ≈ $275.23 Million |
+117.93% |
| 2021-12-31 | CN¥863.06 Million ≈ $126.29 Million |
+2.27% |
| 2020-12-31 | CN¥843.90 Million ≈ $123.49 Million |
-2.44% |
| 2019-12-31 | CN¥864.98 Million ≈ $126.57 Million |
+150.25% |
| 2018-12-31 | CN¥345.64 Million ≈ $50.58 Million |
+15.08% |
| 2017-12-31 | CN¥300.34 Million ≈ $43.95 Million |
+18.15% |
| 2016-12-31 | CN¥254.20 Million ≈ $37.20 Million |
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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 325.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥379.14 Million | 19.33% |
| Other Comprehensive Income | CN¥1.96 Billion | 100.02% |
| Total Equity | CN¥1.96 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 |
|---|---|
|
SUEDZUCKER UNSP.ADR 1/2
F:SZU1
|
$1.83 Billion |
|
Husqvarna AB (publ)
ST:HUSQ-B
|
$1.83 Billion |
|
Ducommun Incorporated
NYSE:DCO
|
$1.83 Billion |
|
Astra Microwave Products Limited
NSE:ASTRAMICRO
|
$1.83 Billion |
|
Worthington Steel Inc
NYSE:WS
|
$1.83 Billion |
|
Aisino Corp
SHG:600271
|
$1.83 Billion |
|
Hubei TKD Crystal Electn
SHG:603738
|
$1.83 Billion |
|
AOZORA BANK LTD ADR/20
F:AON0
|
$1.83 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 2024 to 2025, total equity changed from 1,950,215,070 to 1,960,956,256, a change of 10,741,186 (0.6%).
- Net income of 94,240,300 contributed positively to equity growth.
- Dividend payments of 54,145,327 reduced retained earnings.
- Other comprehensive income increased equity by 1,906,977,282.
- Other factors decreased equity by 1,936,331,069.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥94.24 Million | +4.81% |
| Dividends Paid | CN¥54.15 Million | -2.76% |
| Other Comprehensive Income | CN¥1.91 Billion | +97.25% |
| Other Changes | CN¥-1.94 Billion | -98.74% |
| Total Change | CN¥- | 0.55% |
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: 6.38x
- 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 27.36x to 6.38x 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¥3.03 | CN¥82.80 | x |
| 2017-12-31 | CN¥3.58 | CN¥82.80 | x |
| 2018-12-31 | CN¥4.10 | CN¥82.80 | x |
| 2019-12-31 | CN¥9.06 | CN¥82.80 | x |
| 2020-12-31 | CN¥7.55 | CN¥82.80 | x |
| 2021-12-31 | CN¥7.70 | CN¥82.80 | x |
| 2022-12-31 | CN¥15.35 | CN¥82.80 | x |
| 2023-12-31 | CN¥12.53 | CN¥82.80 | x |
| 2024-12-31 | CN¥12.84 | CN¥82.80 | x |
| 2025-12-31 | CN¥12.98 | CN¥82.80 | 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): 4.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.50%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.18x
- Recent ROE (4.81%) is below the historical average (9.25%), 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 |
| 2025 | 4.81% | 12.50% | 0.32x | 1.18x | CN¥-101.86 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: $1,384,468,207
- Average return on equity (ROE) among peers: 5.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Worldia Diamond Tools Co Ltd (688028) | CN¥2.02 Billion | 16.56% | 0.16x | $1.83 Billion |
| Bosun Tools Co Ltd (002282) | $809.57 Million | 8.34% | 0.34x | $437.12 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $856.94 Million | 8.88% | 0.04x | $559.25 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.34 Billion | 2.98% | 0.58x | $365.20 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $252.80 Million | 25.85% | 2.16x | $5.15 Billion |
| Geron Co Ltd (002722) | $1.84 Billion | 6.61% | 0.54x | $383.97 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $614.57 Million | 5.77% | 0.24x | $1.53 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $5.03 Billion | 17.69% | 0.98x | $726.02 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $1.92 Billion | 8.84% | 0.85x | $583.82 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $371.05 Million | 15.74% | 0.48x | $648.33 Million |
| Wafangdian Bearing Co Ltd (200706) | $814.00 Million | -46.71% | 2.85x | $143.90 Million |
About 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