Beijing Piesat Information Technology Co Ltd
Piesat Information Technology Co., Ltd. provides satellite internet services in China. The company provides pixel information expert (PIE), its flagship software for remote sensing image and data processing; PIE-Ortho software for surveying production using remote sensing images; PIE-SAR, a SAR image processing software; PIE-Hyp, a hyperspectral image processing software; PIE-UAV software for UAV… Read more
Beijing Piesat Information Technology Co Ltd (688066) - Net Assets
Latest net assets as of September 2025: CN¥901.10 Million CNY
Based on the latest financial reports, Beijing Piesat Information Technology Co Ltd (688066) has net assets worth CN¥901.10 Million 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¥4.52 Billion) and total liabilities (CN¥3.61 Billion). 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¥901.10 Million |
| % of Total Assets | 19.95% |
| Annual Growth Rate | 24.17% |
| 5-Year Change | -10.68% |
| 10-Year Change | N/A |
| Growth Volatility | 60.15 |
Beijing Piesat Information Technology Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Beijing Piesat Information Technology 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 Piesat Information Technology Co Ltd (2016–2024)
The table below shows the annual net assets of Beijing Piesat Information Technology Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.20 Billion | -48.00% |
| 2023-12-31 | CN¥2.31 Billion | -14.85% |
| 2022-12-31 | CN¥2.71 Billion | +19.71% |
| 2021-12-31 | CN¥2.26 Billion | +68.50% |
| 2020-12-31 | CN¥1.34 Billion | +11.47% |
| 2019-12-31 | CN¥1.20 Billion | +151.29% |
| 2018-12-31 | CN¥479.49 Million | +14.96% |
| 2017-12-31 | CN¥417.10 Million | +96.50% |
| 2016-12-31 | CN¥212.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Beijing Piesat Information 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 4305.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥261.28 Million | 29.82% |
| Other Comprehensive Income | CN¥288.45 Million | 32.92% |
| Other Components | CN¥1.42 Billion | 162.55% |
| Total Equity | CN¥876.26 Million | 100.00% |
Beijing Piesat Information Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing Piesat Information Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tibet Rhodiola Pharmaceutical Holding Co
SHG:600211
|
$761.85 Million |
|
Winner Medical Co Ltd
SHE:300888
|
$761.85 Million |
|
Henan Liliang Diamond Co. Ltd.
SHE:301071
|
$761.89 Million |
|
Genew Technologies Co Ltd
SHG:688418
|
$761.94 Million |
|
Tokai Carbon Korea Co. Ltd
KQ:064760
|
$761.70 Million |
|
Zhuhai Bojay Electronics Co Ltd
SHE:002975
|
$761.40 Million |
|
Helia Group Ltd
AU:HLI
|
$761.39 Million |
|
K. Wah International Holdings Limited
F:KW2
|
$761.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Piesat Information Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,283,490,183 to 876,256,784, a change of -1,407,233,399 (-61.6%).
- Net loss of 1,392,889,047 reduced equity.
- Dividend payments of 69,981,371 reduced retained earnings.
- Other comprehensive income decreased equity by 15,293,526.
- Other factors increased equity by 70,930,545.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.39 Billion | -158.96% |
| Dividends Paid | CN¥69.98 Million | -7.99% |
| Other Comprehensive Income | CN¥-15.29 Million | -1.75% |
| Other Changes | CN¥70.93 Million | +8.09% |
| Total Change | CN¥- | -61.63% |
Book Value vs Market Value Analysis
This analysis compares Beijing Piesat Information 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: 6.60x
- 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 14.95x to 6.60x 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¥1.48 | CN¥22.13 | x |
| 2017-12-31 | CN¥2.44 | CN¥22.13 | x |
| 2018-12-31 | CN¥2.74 | CN¥22.13 | x |
| 2019-12-31 | CN¥5.18 | CN¥22.13 | x |
| 2020-12-31 | CN¥5.73 | CN¥22.13 | x |
| 2021-12-31 | CN¥9.13 | CN¥22.13 | x |
| 2022-12-31 | CN¥10.43 | CN¥22.13 | x |
| 2023-12-31 | CN¥9.95 | CN¥22.13 | x |
| 2024-12-31 | CN¥3.35 | CN¥22.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Piesat Information 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): -158.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -88.42%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 5.45x
- Recent ROE (-158.96%) is below the historical average (-11.11%), 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 | 15.45% | 16.80% | 0.62x | 1.49x | CN¥11.55 Million |
| 2017 | 11.41% | 16.06% | 0.52x | 1.35x | CN¥5.87 Million |
| 2018 | 13.29% | 15.02% | 0.54x | 1.63x | CN¥15.74 Million |
| 2019 | 6.94% | 13.89% | 0.39x | 1.27x | CN¥-36.88 Million |
| 2020 | 9.60% | 15.22% | 0.45x | 1.41x | CN¥-5.35 Million |
| 2021 | 8.84% | 13.62% | 0.42x | 1.53x | CN¥-26.21 Million |
| 2022 | 9.81% | 10.76% | 0.41x | 2.21x | CN¥-5.12 Million |
| 2023 | -16.39% | -20.57% | 0.28x | 2.84x | CN¥-602.55 Million |
| 2024 | -158.96% | -88.42% | 0.33x | 5.45x | CN¥-1.48 Billion |
Industry Comparison
This section compares Beijing Piesat Information Technology Co Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,637,103,223
- Average return on equity (ROE) among peers: -51.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Piesat Information Technology Co Ltd (688066) | CN¥901.10 Million | 15.45% | 4.01x | $761.77 Million |
| Eastcompeace Technology Co Ltd (002017) | $418.66 Million | 5.29% | 0.42x | $898.39 Million |
| Wiscom System Co Ltd (002090) | $135.58 Million | 19.66% | 1.16x | $607.71 Million |
| Topsec Technologies Group Inc (002212) | $1.70 Billion | 5.53% | 0.32x | $1.09 Billion |
| Focus Technology Co Ltd (002315) | $120.67 Million | 53.17% | 0.63x | $904.68 Million |
| Beijing Venustech Inc (002439) | $1.80 Billion | 13.57% | 0.57x | $1.27 Billion |
| Maxvision Technology Corp (002990) | $199.04 Million | 23.56% | 1.02x | $346.02 Million |
| Wangsu Science Tech (300017) | $7.97 Billion | 10.42% | 0.29x | $4.01 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $3.45 Billion | 3.82% | 0.75x | $921.82 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $515.71 Million | 3.50% | 0.02x | $2.45 Billion |
| TIZA Information Industry Corporation Inc (300209) | $56.50 Million | -649.13% | 13.39x | $1.01 Billion |