Beijing Haitian Ruisheng Science Technology Ltd (688787) - Net Assets
Based on the latest financial reports, Beijing Haitian Ruisheng Science Technology Ltd (688787) has net assets worth CN¥730.73 Million CNY (≈ $106.93 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¥847.06 Million ≈ $123.95 Million USD) and total liabilities (CN¥116.34 Million ≈ $17.02 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 tangible net worth ratio of Beijing Haitian Ruisheng Science Technol to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥730.73 Million |
| % of Total Assets | 86.27% |
| Annual Growth Rate | 44.32% |
| 5-Year Change | 69.71% |
| 10-Year Change | N/A |
| Growth Volatility | 55.51 |
Beijing Haitian Ruisheng Science Technology Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Beijing Haitian Ruisheng Science Technology Ltd's net assets have evolved over time, based on quarterly financial data. See Beijing Haitian Ruisheng Science Technol (688787) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Beijing Haitian Ruisheng Science Technology Ltd (2016–2024)
The table below shows the annual net assets of Beijing Haitian Ruisheng Science Technology Ltd from 2016 to 2024. For live valuation and market cap data, see market value of Beijing Haitian Ruisheng Science Technol.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥743.27 Million ≈ $108.76 Million |
-4.99% |
| 2023-12-31 | CN¥782.29 Million ≈ $114.47 Million |
-5.69% |
| 2022-12-31 | CN¥829.52 Million ≈ $121.39 Million |
+2.93% |
| 2021-12-31 | CN¥805.91 Million ≈ $117.93 Million |
+84.02% |
| 2020-12-31 | CN¥437.96 Million ≈ $64.09 Million |
+23.04% |
| 2019-12-31 | CN¥355.95 Million ≈ $52.09 Million |
+114.26% |
| 2018-12-31 | CN¥166.13 Million ≈ $24.31 Million |
+67.93% |
| 2017-12-31 | CN¥98.93 Million ≈ $14.48 Million |
+150.52% |
| 2016-12-31 | CN¥39.49 Million ≈ $5.78 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Beijing Haitian Ruisheng Science Technology 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 9537.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥202.72 Million | 27.27% |
| Common Stock | CN¥60.33 Million | 8.12% |
| Other Comprehensive Income | CN¥23.90 Million | 3.22% |
| Other Components | CN¥456.34 Million | 61.39% |
| Total Equity | CN¥743.28 Million | 100.00% |
Beijing Haitian Ruisheng Science Technology Ltd Competitors by Market Cap
The table below lists competitors of Beijing Haitian Ruisheng Science Technology Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
REDOX Ltd
AU:RDX
|
$1.41 Billion |
|
Television Francaise 1 SA
PA:TFI
|
$1.41 Billion |
|
Guangdong Alpha Animation and Culture Co Ltd
SHE:002292
|
$1.41 Billion |
|
Aura Investments Ltd
TA:AURA
|
$1.41 Billion |
|
Yelp Inc
NYSE:YELP
|
$1.41 Billion |
|
ArriVent BioPharma, Inc. Common Stock
NASDAQ:AVBP
|
$1.41 Billion |
|
Jade Bird Fire Alarm
SHE:002960
|
$1.41 Billion |
|
Xiamen Guang Pu Electronics Co Ltd
SHE:300632
|
$1.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Haitian Ruisheng Science Technology Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 782,293,983 to 743,282,633, a change of -39,011,350 (-5.0%).
- Net income of 11,336,092 contributed positively to equity growth.
- Share repurchases of 50,003,005 reduced equity.
- Other comprehensive income increased equity by 966,493.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥11.34 Million | +1.53% |
| Share Repurchases | CN¥50.00 Million | -6.73% |
| Other Comprehensive Income | CN¥966.49K | +0.13% |
| Other Changes | CN¥-1.31 Million | -0.18% |
| Total Change | CN¥- | -4.99% |
Book Value vs Market Value Analysis
This analysis compares Beijing Haitian Ruisheng Science Technology 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: 12.79x
- 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 164.59x to 12.79x 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¥0.97 | CN¥159.39 | x |
| 2017-12-31 | CN¥2.43 | CN¥159.39 | x |
| 2018-12-31 | CN¥3.96 | CN¥159.39 | x |
| 2019-12-31 | CN¥7.96 | CN¥159.39 | x |
| 2020-12-31 | CN¥13.67 | CN¥159.39 | x |
| 2021-12-31 | CN¥18.79 | CN¥159.39 | x |
| 2022-12-31 | CN¥13.84 | CN¥159.39 | x |
| 2023-12-31 | CN¥12.87 | CN¥159.39 | x |
| 2024-12-31 | CN¥12.46 | CN¥159.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Haitian Ruisheng Science Technology 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): 1.53%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.78%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.09x
- Recent ROE (1.53%) is below the historical average (16.41%), 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 | 26.06% | 12.22% | 1.46x | 1.46x | CN¥6.34 Million |
| 2017 | 34.45% | 28.62% | 0.91x | 1.32x | CN¥24.19 Million |
| 2018 | 40.41% | 34.84% | 0.91x | 1.28x | CN¥50.52 Million |
| 2019 | 22.92% | 34.34% | 0.59x | 1.14x | CN¥45.99 Million |
| 2020 | 18.74% | 35.17% | 0.49x | 1.09x | CN¥38.29 Million |
| 2021 | 3.92% | 15.31% | 0.25x | 1.04x | CN¥-48.99 Million |
| 2022 | 3.55% | 11.20% | 0.30x | 1.06x | CN¥-53.50 Million |
| 2023 | -3.88% | -17.87% | 0.21x | 1.05x | CN¥-108.61 Million |
| 2024 | 1.53% | 4.78% | 0.29x | 1.09x | CN¥-62.99 Million |
Industry Comparison
This section compares Beijing Haitian Ruisheng Science Technology Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $4,025,217,489
- Average return on equity (ROE) among peers: 13.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Haitian Ruisheng Science Technology Ltd (688787) | CN¥730.73 Million | 26.06% | 0.16x | $1.41 Billion |
| Digital China Information Service Co Ltd (000555) | $3.30 Billion | 10.62% | 1.23x | $1.61 Billion |
| Fujian Newland Computer Co Ltd (000997) | $654.33 Million | 6.35% | 0.51x | $2.63 Billion |
| YGSOFT Inc (002063) | $1.72 Billion | 7.06% | 0.19x | $1.47 Billion |
| Dhc Software Co Ltd (002065) | $145.16 Million | 27.99% | 1.22x | $3.43 Billion |
| Zhejiang Netsun Co Ltd (002095) | $48.97 Million | 27.57% | 0.69x | $492.96 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $112.46 Million | 31.50% | 0.93x | $913.40 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $5.40 Billion | 7.76% | 0.26x | $3.07 Billion |
| Shanghai 2345 Network Holding Group (002195) | $10.26 Billion | 0.32% | 0.02x | $5.91 Billion |
| Iflytek Co Ltd (002230) | $17.34 Billion | 8.98% | 0.81x | $14.98 Billion |
| Qiming Information Technology Co Ltd (002232) | $1.28 Billion | 7.10% | 0.51x | $891.37 Million |
About Beijing Haitian Ruisheng Science Technology Ltd
Beijing Haitian Ruisheng Science Technology Ltd. operates as an AI data resource company in China and internationally. It provides engineering data products and services to enterprises and scientific research institutions. The company also offers its products in various domains, such as speech recognition, speech synthesis, computer vision, lexicon, and natural language processing, as well as rel… Read more