Bingo Software Co Ltd Net Assets
Bingo Software Co Ltd net assets. Based on the latest financial reports, Bingo Software Co Ltd (688227) has net assets worth CN¥1.29 Billion CNY (≈ $188.80 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.97 Billion ≈ $288.91 Million USD) and total liabilities (CN¥684.10 Million ≈ $100.10 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 688227 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.29 Billion |
| % of Total Assets | 65.35% |
| Annual Growth Rate | 38.3% |
| 5-Year Change | 204.36% |
| 10-Year Change | N/A |
| Growth Volatility | 80.86 |
Net Assets of Bingo Software Co Ltd (2017–2024)
Net assets of Bingo Software Co Ltd from 2017 to 2024. This chart illustrates how Bingo Software Co Ltd's net assets have evolved over time, based on quarterly financial data. See how leveraged is Bingo Software Co Ltd's balance sheet to measure how much of total assets are equity-financed.
Annual Net Assets for Bingo Software Co Ltd (2017–2024)
The table below shows the annual net assets of Bingo Software Co Ltd from 2017 to 2024. For live market cap and overall valuation, see 688227 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.31 Billion ≈ $191.49 Million |
-6.55% |
| 2023-12-31 | CN¥1.40 Billion ≈ $204.90 Million |
-3.53% |
| 2022-12-31 | CN¥1.45 Billion ≈ $212.39 Million |
+3.68% |
| 2021-12-31 | CN¥1.40 Billion ≈ $204.85 Million |
+225.59% |
| 2020-12-31 | CN¥429.96 Million ≈ $62.92 Million |
+12.70% |
| 2019-12-31 | CN¥381.50 Million ≈ $55.83 Million |
+120.58% |
| 2018-12-31 | CN¥172.96 Million ≈ $25.31 Million |
+27.91% |
| 2017-12-31 | CN¥135.22 Million ≈ $19.79 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Bingo Software 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 2798.3% over the analyzed period, indicating profitable operations and earnings retention.
Bingo Software Co Ltd Net Assets Breakdown (December 2024)
Bingo Software Co Ltd net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥83.66 Million | 6.30% |
| Common Stock | CN¥113.06 Million | 8.52% |
| Other Comprehensive Income | CN¥25.62 Million | 1.93% |
| Other Components | CN¥1.11 Billion | 83.25% |
| Total Equity | CN¥1.33 Billion | 100.00% |
Bingo Software Co Ltd Competitors by Market Cap
The table below lists competitors of Bingo Software Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HYDROGRAPH CLEAN POWER
F:M98
|
$971.16 Million |
|
Guilin Fuda Co Ltd
SHG:603166
|
$971.24 Million |
|
Zhejiang Zuch Technology Co. Ltd. A
SHE:301280
|
$971.78 Million |
|
Retail Estates - Sicafi
BR:RET
|
$972.21 Million |
|
Shenyang Toly Bread Co Ltd
SHG:603866
|
$969.13 Million |
|
China Sports Industry Group Co Ltd
SHG:600158
|
$968.81 Million |
|
Isracard Ltd
TA:ISCD
|
$968.42 Million |
|
Oric Pharmaceuticals Inc
NASDAQ:ORIC
|
$968.12 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Bingo Software Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,415,204,259 to 1,327,608,665, a change of -87,595,594 (-6.2%).
- Net loss of 64,055,198 reduced equity.
- Dividend payments of 4,507,047 reduced retained earnings.
- Share repurchases of 22,687,912 reduced equity.
- Other comprehensive income decreased equity by 852,482.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-64.06 Million | -4.82% |
| Dividends Paid | CN¥4.51 Million | -0.34% |
| Share Repurchases | CN¥22.69 Million | -1.71% |
| Other Comprehensive Income | CN¥-852.48K | -0.06% |
| Other Changes | CN¥4.51 Million | +0.34% |
| Total Change | CN¥- | -6.19% |
Book Value vs Market Value Analysis
This analysis compares Bingo Software 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: 4.97x
- 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 29.57x to 4.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.98 | CN¥58.68 | x |
| 2018-12-31 | CN¥2.41 | CN¥58.68 | x |
| 2019-12-31 | CN¥3.45 | CN¥58.68 | x |
| 2020-12-31 | CN¥3.85 | CN¥58.68 | x |
| 2021-12-31 | CN¥12.45 | CN¥58.68 | x |
| 2022-12-31 | CN¥12.73 | CN¥58.68 | x |
| 2023-12-31 | CN¥11.93 | CN¥58.68 | x |
| 2024-12-31 | CN¥11.81 | CN¥58.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Bingo Software 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): -4.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -12.32%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.50x
- Recent ROE (-4.82%) is below the historical average (5.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 12.10% | 6.67% | 0.60x | 3.05x | CN¥2.91 Million |
| 2018 | 12.84% | 5.22% | 0.78x | 3.16x | CN¥5.11 Million |
| 2019 | 9.18% | 8.90% | 0.54x | 1.90x | CN¥-3.17 Million |
| 2020 | 11.04% | 10.41% | 0.57x | 1.87x | CN¥4.54 Million |
| 2021 | 3.95% | 11.81% | 0.24x | 1.38x | CN¥-85.16 Million |
| 2022 | 3.27% | 9.45% | 0.27x | 1.28x | CN¥-96.80 Million |
| 2023 | -0.75% | -1.96% | 0.29x | 1.32x | CN¥-152.20 Million |
| 2024 | -4.82% | -12.32% | 0.26x | 1.50x | CN¥-196.82 Million |
Industry Comparison
This section compares Bingo Software Co Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $3,037,713,165
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Bingo Software Co Ltd (688227) | CN¥1.29 Billion | 12.10% | 0.53x | $970.78 Million |
| Eastcompeace Technology Co Ltd (002017) | $1.76 Billion | 10.81% | 0.70x | $1.06 Billion |
| Wiscom System Co Ltd (002090) | $799.98 Million | 13.43% | 1.06x | $477.73 Million |
| Topsec Technologies Group Inc (002212) | $1.70 Billion | 5.53% | 0.32x | $1.00 Billion |
| Focus Technology Co Ltd (002315) | $2.53 Billion | 17.80% | 0.66x | $1.72 Billion |
| Beijing Venustech Inc (002439) | $6.74 Billion | 12.79% | 0.33x | $2.50 Billion |
| Maxvision Technology Corp (002990) | $2.30 Billion | 8.62% | 0.55x | $1.28 Billion |
| Wangsu Science Tech (300017) | $8.84 Billion | 1.87% | 0.20x | $5.55 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $3.30 Billion | 3.54% | 0.74x | $772.71 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $427.33 Million | -31.10% | 1.14x | $3.35 Billion |
| TIZA Information Industry Corporation Inc (300209) | $1.99 Billion | 1.21% | 0.34x | $3.12 Billion |
About Bingo Software Co Ltd
Bingo Software Co., Ltd., together with its subsidiaries, engages in the research and development of cloud computing and industry information technology products and services in China. It offers BingoInsight, a data lake management platform; BingoFuse, a cloud application support platform; BingoLink, an enterprise collaboration platform; BingoCMP, a multi-cloud operations and maintenance manageme… Read more