Bangyan Technology Co. Ltd. A (688132) - Net Assets
Based on the latest financial reports, Bangyan Technology Co. Ltd. A (688132) has net assets worth CN¥1.18 Billion CNY (≈ $172.79 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¥1.46 Billion ≈ $213.43 Million USD) and total liabilities (CN¥277.68 Million ≈ $40.63 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 688132 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.18 Billion |
| % of Total Assets | 80.96% |
| Annual Growth Rate | 20.35% |
| 5-Year Change | 116.51% |
| 10-Year Change | N/A |
| Growth Volatility | 72.59 |
Bangyan Technology Co. Ltd. A - Net Assets Trend (2020–2025)
This chart illustrates how Bangyan Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Bangyan Technology Co. Ltd. A to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Bangyan Technology Co. Ltd. A (2020–2025)
The table below shows the annual net assets of Bangyan Technology Co. Ltd. A from 2020 to 2025. For live valuation and market cap data, see 688132 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.23 Billion ≈ $180.58 Million |
-15.49% |
| 2024-12-31 | CN¥1.46 Billion ≈ $213.69 Million |
-4.48% |
| 2023-12-31 | CN¥1.53 Billion ≈ $223.72 Million |
-3.49% |
| 2022-12-31 | CN¥1.58 Billion ≈ $231.80 Million |
+177.92% |
| 2021-12-31 | CN¥569.99 Million ≈ $83.41 Million |
+16.60% |
| 2020-12-31 | CN¥488.83 Million ≈ $71.53 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bangyan Technology Co. Ltd. A'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 18375697666.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.63 Billion | 132.12% |
| Total Equity | CN¥1.23 Billion | 100.00% |
Bangyan Technology Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Bangyan Technology Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangzhou Seagull Kitchen And Bath Products Co Ltd
SHE:002084
|
$318.59 Million |
|
Churchill Capital Corp IX
NASDAQ:CCIX
|
$318.62 Million |
|
Handsome
KO:020000
|
$318.75 Million |
|
Lanzhou Zhuangyuan Pasture Co Ltd
SHE:002910
|
$318.79 Million |
|
CoastalSouth Bancshares, Inc.
NYSE:COSO
|
$318.22 Million |
|
Taiwan Fire & Marine Insurance Co Ltd
TW:2832
|
$318.16 Million |
|
Beijing Sanfo Outdoor Products Co Ltd
SHE:002780
|
$317.71 Million |
|
Q Capital Partners Co. Ltd
KQ:016600
|
$317.68 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bangyan Technology Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,459,408,531 to 1,234,330,358, a change of -225,078,173 (-15.4%).
- Net loss of 211,713,249 reduced equity.
- Dividend payments of 271,329 reduced retained earnings.
- Other factors decreased equity by 13,093,595.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-211.71 Million | -17.15% |
| Dividends Paid | CN¥271.33K | -0.02% |
| Other Changes | CN¥-13.09 Million | -1.06% |
| Total Change | CN¥- | -15.42% |
Book Value vs Market Value Analysis
This analysis compares Bangyan Technology Co. Ltd. A'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: 1.76x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.36x to 1.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CN¥4.26 | CN¥14.30 | x |
| 2021-12-31 | CN¥4.95 | CN¥14.30 | x |
| 2022-12-31 | CN¥10.39 | CN¥14.30 | x |
| 2023-12-31 | CN¥10.03 | CN¥14.30 | x |
| 2024-12-31 | CN¥9.59 | CN¥14.30 | x |
| 2025-12-31 | CN¥8.11 | CN¥14.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bangyan Technology Co. Ltd. A 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): -17.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -154.71%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 1.25x
- Recent ROE (-17.15%) is below the historical average (1.32%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 14.62% | 25.52% | 0.24x | 2.40x | CN¥22.46 Million |
| 2021 | 14.01% | 25.71% | 0.22x | 2.53x | CN¥22.70 Million |
| 2022 | 2.27% | 10.09% | 0.17x | 1.29x | CN¥-122.28 Million |
| 2023 | -3.31% | -28.28% | 0.09x | 1.24x | CN¥-203.20 Million |
| 2024 | -2.51% | -11.50% | 0.19x | 1.18x | CN¥-182.56 Million |
| 2025 | -17.15% | -154.71% | 0.09x | 1.25x | CN¥-335.15 Million |
Industry Comparison
This section compares Bangyan Technology Co. Ltd. A's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $6,852,220,766
- Average return on equity (ROE) among peers: -12.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bangyan Technology Co. Ltd. A (688132) | CN¥1.18 Billion | 14.62% | 0.24x | $318.54 Million |
| ZTE Corp (000063) | $59.54 Billion | 13.57% | 2.04x | $22.19 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $777.81 Million | 0.64% | 0.63x | $2.72 Billion |
| Addsino Co Ltd (000547) | $5.39 Billion | 4.52% | 0.29x | $4.69 Billion |
| Sichuan Huiyuan Optical Com (000586) | $448.24 Million | 2.88% | 0.47x | $438.47 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $366.30 Million | -60.83% | 6.39x | $413.20 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $117.42 Million | 3.98% | 0.49x | $1.72 Billion |
| Skyworth Digital Co Ltd (000810) | $301.13 Million | 0.65% | 1.81x | $2.04 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $397.58 Million | -4.60% | 0.35x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $231.11 Million | -66.53% | 2.00x | $983.24 Million |
| Sunwave Communications Co Ltd (002115) | $945.20 Million | -14.30% | 1.10x | $1.40 Billion |
About Bangyan Technology Co. Ltd. A
Bangyan Technology Co., Ltd. offers solutions for information communication and security in the military field in China. The company provides converged communication, ship communication, and information security products, as well as power private network products. The company was founded in 2000 and is based in Shenzhen, China.