Beijing Piesat Information Technology Co Ltd (688066) - Net Assets
Based on the latest financial reports, Beijing Piesat Information Technology Co Ltd (688066) has net assets worth CN¥-775.50 Million CNY (≈ $-113.48 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¥3.03 Billion ≈ $443.89 Million USD) and total liabilities (CN¥3.81 Billion ≈ $557.37 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 Piesat Information Technology Co (688066) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥-775.50 Million |
| % of Total Assets | -25.56% |
| Annual Growth Rate | N/A |
| 5-Year Change | -129.44% |
| 10-Year Change | N/A |
| Growth Volatility | 83.03 |
Beijing Piesat Information Technology Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Beijing Piesat Information Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 688066 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Beijing Piesat Information Technology Co Ltd (2016–2025)
The table below shows the annual net assets of Beijing Piesat Information Technology Co Ltd from 2016 to 2025. For live valuation and market cap data, see 688066 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥-666.28 Million ≈ $-97.50 Million |
-155.53% |
| 2024-12-31 | CN¥1.20 Billion ≈ $175.56 Million |
-48.00% |
| 2023-12-31 | CN¥2.31 Billion ≈ $337.59 Million |
-14.85% |
| 2022-12-31 | CN¥2.71 Billion ≈ $396.47 Million |
+19.71% |
| 2021-12-31 | CN¥2.26 Billion ≈ $331.19 Million |
+68.50% |
| 2020-12-31 | CN¥1.34 Billion ≈ $196.55 Million |
+11.47% |
| 2019-12-31 | CN¥1.20 Billion ≈ $176.32 Million |
+151.29% |
| 2018-12-31 | CN¥479.49 Million ≈ $70.16 Million |
+14.96% |
| 2017-12-31 | CN¥417.10 Million ≈ $61.03 Million |
+96.50% |
| 2016-12-31 | CN¥212.26 Million ≈ $31.06 Million |
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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 11430.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.92 Billion | % |
| Total Equity | CN¥-1.04 Billion | 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 |
|---|---|
|
Mnc Land Tbk
JK:KPIG
|
$503.21 Million |
|
Zhe Jiang Li Zi Yuan Food Co Ltd
SHG:605337
|
$503.48 Million |
|
BlackRock Health Sciences Trust
NYSE:BME
|
$503.65 Million |
|
Meridian Mining UK Societas
TO:MNO
|
$503.69 Million |
|
BlackRock MIT II
NYSE:BLE
|
$503.04 Million |
|
Dayang Enterprise Holdings Bhd
KLSE:5141
|
$502.87 Million |
|
Sinotherapeutics Inc. A
SHG:688247
|
$502.84 Million |
|
Comp SA
WAR:CMP
|
$502.82 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 2024 to 2025, total equity changed from 876,256,784 to -1,036,271,471, a change of -1,912,528,255 (-218.3%).
- Net loss of 1,169,192,877 reduced equity.
- Dividend payments of 37,680,157 reduced retained earnings.
- Other comprehensive income decreased equity by 288,452,489.
- Other factors decreased equity by 417,202,732.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.17 Billion | -112.83% |
| Dividends Paid | CN¥37.68 Million | -3.64% |
| Other Comprehensive Income | CN¥-288.45 Million | -27.84% |
| Other Changes | CN¥-417.20 Million | -40.26% |
| Total Change | CN¥- | -218.26% |
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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.48 | CN¥13.16 | x |
| 2017-12-31 | CN¥2.44 | CN¥13.16 | x |
| 2018-12-31 | CN¥2.74 | CN¥13.16 | x |
| 2019-12-31 | CN¥6.07 | CN¥13.16 | x |
| 2020-12-31 | CN¥5.73 | CN¥13.16 | x |
| 2021-12-31 | CN¥9.13 | CN¥13.16 | x |
| 2022-12-31 | CN¥10.40 | CN¥13.16 | x |
| 2023-12-31 | CN¥9.95 | CN¥13.16 | x |
| 2024-12-31 | CN¥3.35 | CN¥13.16 | x |
| 2025-12-31 | CN¥-3.96 | CN¥13.16 | 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -218.99%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-10.00%), indicating improving 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 |
| 2025 | 0.00% | -218.99% | 0.17x | 0.00x | CN¥-1.07 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: $3,169,637,148
- Average return on equity (ROE) among peers: 1.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Piesat Information Technology Co Ltd (688066) | CN¥-775.50 Million | 15.45% | N/A | $503.15 Million |
| Eastcompeace Technology Co Ltd (002017) | $1.40 Billion | 2.82% | 0.50x | $1.36 Billion |
| Wiscom System Co Ltd (002090) | $1.26 Billion | 2.38% | 1.07x | $541.62 Million |
| Topsec Technologies Group Inc (002212) | $9.45 Billion | -3.93% | 0.19x | $1.06 Billion |
| Focus Technology Co Ltd (002315) | $2.02 Billion | 7.77% | 0.21x | $1.15 Billion |
| Beijing Venustech Inc (002439) | $7.41 Billion | 8.45% | 0.35x | $2.30 Billion |
| Maxvision Technology Corp (002990) | $1.89 Billion | 11.89% | 0.31x | $2.14 Billion |
| Wangsu Science Tech (300017) | $870.45 Million | 11.92% | 0.13x | $5.36 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $2.91 Billion | 5.35% | 0.41x | $922.96 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $1.37 Billion | 0.36% | 0.52x | $2.79 Billion |
| TIZA Information Industry Corporation Inc (300209) | $3.11 Billion | -28.00% | 0.46x | $3.90 Billion |
About 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