Beijing Tieke Shougang Railway Tech Co Ltd (688569) - Net Assets
Based on the latest financial reports, Beijing Tieke Shougang Railway Tech Co Ltd (688569) has net assets worth CN¥3.36 Billion CNY (≈ $491.63 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¥3.92 Billion ≈ $574.28 Million USD) and total liabilities (CN¥564.81 Million ≈ $82.65 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 688569 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.36 Billion |
| % of Total Assets | 85.61% |
| Annual Growth Rate | 20.43% |
| 5-Year Change | 33.81% |
| 10-Year Change | N/A |
| Growth Volatility | 33.34 |
Beijing Tieke Shougang Railway Tech Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Beijing Tieke Shougang Railway Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Beijing Tieke Shougang Railway Tech Co L assets under control for the complete picture of this company's asset base.
Annual Net Assets for Beijing Tieke Shougang Railway Tech Co Ltd (2016–2024)
The table below shows the annual net assets of Beijing Tieke Shougang Railway Tech Co Ltd from 2016 to 2024. For live valuation and market cap data, see how much is Beijing Tieke Shougang Railway Tech Co L worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.30 Billion ≈ $482.87 Million |
+4.94% |
| 2023-12-31 | CN¥3.14 Billion ≈ $460.14 Million |
+10.14% |
| 2022-12-31 | CN¥2.86 Billion ≈ $417.79 Million |
+8.24% |
| 2021-12-31 | CN¥2.64 Billion ≈ $385.98 Million |
+6.96% |
| 2020-12-31 | CN¥2.47 Billion ≈ $360.85 Million |
+111.12% |
| 2019-12-31 | CN¥1.17 Billion ≈ $170.92 Million |
+14.24% |
| 2018-12-31 | CN¥1.02 Billion ≈ $149.61 Million |
+20.29% |
| 2017-12-31 | CN¥849.92 Million ≈ $124.37 Million |
+13.95% |
| 2016-12-31 | CN¥745.88 Million ≈ $109.15 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Beijing Tieke Shougang Railway Tech 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 281.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.35 Billion | 47.38% |
| Common Stock | CN¥210.67 Million | 7.40% |
| Other Comprehensive Income | CN¥132.60 Million | 4.66% |
| Other Components | CN¥1.16 Billion | 40.57% |
| Total Equity | CN¥2.85 Billion | 100.00% |
Beijing Tieke Shougang Railway Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing Tieke Shougang Railway Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nanjing Medlander Medical Technology Co. Ltd. A
SHG:688273
|
$632.01 Million |
|
APG SGA SA
SW:APGN
|
$632.38 Million |
|
Guangdong Qunxing Toys Joint-Stock Co Ltd
SHE:002575
|
$632.40 Million |
|
EirGenix
TWO:6589
|
$632.48 Million |
|
Zhejiang Jihua Group Co Ltd
SHG:603980
|
$631.89 Million |
|
ECN Capital Corp
TO:ECN
|
$631.79 Million |
|
JuneYao Dairy Co Ltd
SHG:605388
|
$631.78 Million |
|
Shenzhen Riland Industry Co
SHE:300154
|
$631.53 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Tieke Shougang Railway Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,725,498,384 to 2,847,380,606, a change of 121,882,222 (4.5%).
- Net income of 214,319,764 contributed positively to equity growth.
- Dividend payments of 94,800,015 reduced retained earnings.
- Other comprehensive income increased equity by 130,365,470.
- Other factors decreased equity by 128,002,997.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥214.32 Million | +7.53% |
| Dividends Paid | CN¥94.80 Million | -3.33% |
| Other Comprehensive Income | CN¥130.37 Million | +4.58% |
| Other Changes | CN¥-128.00 Million | -4.5% |
| Total Change | CN¥- | 4.47% |
Book Value vs Market Value Analysis
This analysis compares Beijing Tieke Shougang Railway Tech 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: 1.52x
- 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 5.05x to 1.52x 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¥4.06 | CN¥20.50 | x |
| 2017-12-31 | CN¥4.65 | CN¥20.50 | x |
| 2018-12-31 | CN¥5.22 | CN¥20.50 | x |
| 2019-12-31 | CN¥5.90 | CN¥20.50 | x |
| 2020-12-31 | CN¥10.34 | CN¥20.50 | x |
| 2021-12-31 | CN¥11.02 | CN¥20.50 | x |
| 2022-12-31 | CN¥11.90 | CN¥20.50 | x |
| 2023-12-31 | CN¥12.94 | CN¥20.50 | x |
| 2024-12-31 | CN¥13.52 | CN¥20.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Tieke Shougang Railway Tech 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): 7.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.20%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.35x
- Recent ROE (7.53%) is below the historical average (11.42%), 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 | 13.55% | 12.45% | 0.59x | 1.83x | CN¥22.94 Million |
| 2017 | 14.84% | 11.79% | 0.63x | 1.99x | CN¥35.39 Million |
| 2018 | 14.35% | 10.61% | 0.67x | 2.02x | CN¥36.03 Million |
| 2019 | 15.77% | 11.55% | 0.73x | 1.88x | CN¥53.46 Million |
| 2020 | 9.35% | 16.57% | 0.42x | 1.36x | CN¥-14.17 Million |
| 2021 | 7.24% | 12.44% | 0.41x | 1.42x | CN¥-64.17 Million |
| 2022 | 9.45% | 17.68% | 0.39x | 1.39x | CN¥-13.71 Million |
| 2023 | 10.66% | 17.75% | 0.43x | 1.39x | CN¥18.08 Million |
| 2024 | 7.53% | 15.20% | 0.37x | 1.35x | CN¥-70.42 Million |
Industry Comparison
This section compares Beijing Tieke Shougang Railway Tech Co Ltd's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $1,003,942,129
- Average return on equity (ROE) among peers: 8.18%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Tieke Shougang Railway Tech Co Ltd (688569) | CN¥3.36 Billion | 13.55% | 0.17x | $631.96 Million |
| China High-Speed Railway Technology (000008) | $161.88 Million | 4.69% | 0.58x | $1.07 Billion |
| Nanjing Zhongbei Group Co Ltd (000421) | $264.23 Million | 15.10% | 0.57x | $532.91 Million |
| Ningxia Western Venture Industrial Co Ltd (000557) | $-828.52 Million | 0.00% | 0.00x | $1.00 Billion |
| Vontron Technology Co Ltd (000920) | $583.83 Million | 12.70% | 0.57x | $813.31 Million |
| China Railway Materials Co Ltd (000927) | $3.32 Billion | 3.02% | 1.22x | $2.49 Billion |
| HeNan Splendor Science & Technology Co Ltd (002296) | $1.82 Billion | 5.72% | 0.35x | $669.27 Million |
| Sichuan Fulin Transportation Group Co Ltd (002357) | $1.39 Billion | 4.99% | 0.88x | $540.85 Million |
| Tianjin Keyvia Electric Co Ltd (300407) | $1.81 Billion | 5.18% | 0.77x | $628.95 Million |
| Chengdu Yunda Technology Co Ltd (300440) | $1.38 Billion | 2.95% | 0.85x | $1.20 Billion |
| Zhejiang Tiantie Industry Co Ltd (300587) | $140.60 Million | 27.43% | 1.57x | $1.22 Billion |
About Beijing Tieke Shougang Railway Tech Co Ltd
Beijing Tieke Shougang Rail Way-Tech Co., Ltd. engages in the research, development, and production of core accessories for railway construction in China. It provides rail buckle accessories; polymer materials, such as nylon and rubber products; technology promotion; sells building materials; imports and exports goods, technology, and agent; produces railways fastener systems, low relaxation pres… Read more