BaTeLab Co (HKSE:02149) ROE %: 7.29% (As of Dec. 2025) — 67% Below Median

Author: Vera Yuan Vera Yuan
Vera Yuan
Vera Yuan
Director of Data and Quant Analytics at GuruFocus
Focused on building reliable datasets, financial models, and research tools for value-minded investors. Committed to turning complex data into practical guidance for value-investing and long-term wealth.
Reviewed by: Charlie Tian Charlie Tian
Charlie Tian
Charlie Tian
Founder & CEO of GuruFocus
Dr. Charlie Tian is the founder and CEO of GuruFocus.com, a leading global investment research platform established in 2004. With a Ph.D. in physics, Dr. Tian transitioned from science to finance, applying a data-driven, disciplined approach to value investing.

HKSE:02149 BaTeLab Co Ltd HKSE:02149
49 GF Score
Price HK$28.28
! 7 Warning Signs
View Full Analysis

What is BaTeLab Co ROE %?

BaTeLab Co HKSE:02149 +1.00% 49 ROE % is 7.29% as of Dec. 2025, which is 67% below its 10-year median of 22.07. GuruFocus rates HKSE:02149 with a GF Score™ of 49/100. The stock has 7 warning signs investors should review. Among 1,002 Semiconductors companies, BaTeLab Co ranks better than 68.46% on this metric.

ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. BaTeLab Co's annualized net income for the quarter that ended in Dec. 2025 was HK$99.1 Mil. BaTeLab Co's average Total Stockholders Equity over the quarter that ended in Dec. 2025 was HK$1,359.0 Mil. Therefore, BaTeLab Co's annualized ROE % for the quarter that ended in Dec. 2025 was 7.29%.

The historical rank and industry rank for BaTeLab Co's ROE % or its related term are showing as below:

HKSE:02149' s ROE % Range Over the Past 10 Years
Min: 10.59   Med: 22.07   Max: 41.4
Current: 10.59

During the past 6 years, BaTeLab Co's highest ROE % was 41.40%. The lowest was 10.59%. And the median was 22.07%.

HKSE:02149's ROE % is ranked better than
68.46% of 1002 companies
in the Semiconductors industry
Industry Median: 4.885 vs HKSE:02149: 10.59

BaTeLab Co  (HKSE:02149) ROE % Explanation

ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.

The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=99.11/1358.978
=(Net Income / Revenue )*(Revenue / Total Assets)*(Total Assets / Total Stockholders Equity)
=(99.11 / 646.092)*(646.092 / 2008.8095)*(2008.8095 / 1358.978)
=Net Margin %*Asset Turnover*Equity Multiplier
=15.34 %*0.3216*1.4782
=ROA %*Equity Multiplier
=4.93 %*1.4782
=7.29 %

With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.

The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:

ROE %(Q: Dec. 2025 )
=Net Income/Total Stockholders Equity
=99.11/1358.978
=(Net Income / Pre-Tax Income) * (Pre-Tax Income / Operating Income) * (Operating Income / Revenue) * (Revenue / Total Assets) * (Total Assets / Total Stockholders Equity)
= (99.11 / 99.11) * (99.11 / 103.55) * (103.55 / 646.092) * (646.092 / 2008.8095) * (2008.8095 / 1358.978)
= Tax Burden * Interest Burden * Operating Margin % * Asset Turnover * Equity Multiplier
= 1 * 0.9571 * 16.03 % * 0.3216 * 1.4782
=7.29 %

Note: The net income data used here is two times the semi-annual (Dec. 2025) net income data. The Revenue data used here is two times the semi-annual (Dec. 2025) revenue data. The same rule applies to Pre-Tax Income and Operating Income.
* In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Be Aware

Net Income is used.

Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.

Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.


BaTeLab Co ROE % Related Terms


BaTeLab Co ROE % Historical Data

* Premium members only.

The historical data trend for BaTeLab Co's ROE % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

BaTeLab Co ROE % Chart

BaTeLab Co Annual Data
Trend Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROE %
Get a 7-Day Free Trial 34.18 26.26 17.57 17.88 10.83

BaTeLab Co Semi-Annual Data
Dec20 Dec21 Jun22 Dec22 Jun23 Dec23 Jun24 Dec24 Jun25 Dec25
ROE % Get a 7-Day Free Trial Premium Member Only Premium Member Only 19.63 15.28 20.75 14.21 7.29

HKSE:02149 vs AMAT, LRCX, KLAC: ROE % Comparison

For the Semiconductor Equipment & Materials subindustry, BaTeLab Co's ROE %, along with its competitors' market caps and ROE % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


BaTeLab Co ROE % vs Semiconductors Industry

For the Semiconductors industry and Technology sector, BaTeLab Co's ROE % distribution charts can be found below:

* The bar in red indicates where BaTeLab Co's ROE % falls into.


HKSE:02149
49GF Score
BaTeLab Co Ltd HKSE:02149
ROE % is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

BaTeLab Co ROE % Calculation

BaTeLab Co's annualized ROE % for the fiscal year that ended in Dec. 2025 is calculated as

ROE %=Net Income (A: Dec. 2025 )/( (Total Stockholders Equity (A: Dec. 2024 )+Total Stockholders Equity (A: Dec. 2025 ))/ count )
=134.782/( (1073.015+1417.162)/ 2 )
=134.782/1245.0885
=10.83 %

BaTeLab Co's annualized ROE % for the quarter that ended in Dec. 2025 is calculated as

ROE %=Net Income (Q: Dec. 2025 )/( (Total Stockholders Equity (Q: Jun. 2025 )+Total Stockholders Equity (Q: Dec. 2025 ))/ count )
=99.11/( (1300.794+1417.162)/ 2 )
=99.11/1358.978
=7.29 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is two times the semi-annual (Dec. 2025) net income data. ROE % is displayed in the 30-year financial page.

Frequently Asked Questions Learn more about ROE % →
What does a ROE % of 7.29% mean?
BaTeLab Co (HKSE:02149) has a ROE % of 7.29% as of Dec. 2025. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on BaTeLab Co and its competitors. This is 67% below median its historical median of 22.07. Over the past decade, BaTeLab Co's ROE % has ranged from 10.59 to 41.40. According to the industry distribution chart, BaTeLab Co ranks #316 out of 1002 companies in the Semiconductors industry, placing it in the top 31.5%.
Is BaTeLab Co's ROE % too high?
BaTeLab Co's current ROE % of 7.29% is 67% below median its 10-year median of 22.07. Over the past 10 years, this metric has ranged from a low of 10.59 to a high of 41.40. The Semiconductors industry median ROE % is 4.89. BaTeLab Co's value of 7.29% is 49.2% above this industry median. Based on the distribution chart, BaTeLab Co ranks #316 out of 1002 companies in the Semiconductors industry, which is above the industry midpoint. Overall, BaTeLab Co has a GF Score™ of 49/100, reflecting its overall financial health beyond just this single metric.
How does BaTeLab Co's ROE % compare to AMAT and LRCX?
According to the Semiconductors industry distribution chart, BaTeLab Co ranks #316 out of 1002 companies for ROE %. This puts BaTeLab Co in the upper half of its industry. The industry median ROE % is 4.89. BaTeLab Co's value of 7.29% is 49.2% above this benchmark. Historically, BaTeLab Co's own ROE % has ranged from 10.59 to 41.40 over the past decade. While the company's 10-year median is 22.07 vs. the industry median of 4.89, BaTeLab Co has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROE % for a Semiconductors company?
The median ROE % among Semiconductors companies is 4.89, based on 1,002 companies in the industry. Companies in the top quartile (top 25%) have a ROE % significantly above this median, while those in the bottom quartile fall well below. However, ROE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. BaTeLab Co's current ROE % of 7.29% is 49.2% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROE % mean?
A high ROE % can signal that a stock is expensive relative to its fundamentals. Return on equity is the ratio of current-period net income to average two-period total equity. View historical data on BaTeLab Co and its competitors. For the Semiconductors industry, the median ROE % is 4.89 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. BaTeLab Co's current ROE % is 7.29%, which is 67% below median its own 10-year median of 22.07. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is BaTeLab Co stock overvalued right now?
BaTeLab Co (HKSE:02149) has a current ROE % of 7.29%. The current ROE % is 7.29%, which is 67% below median its 10-year median of 22.07 and 49.2% above the Semiconductors industry median of 4.89. BaTeLab Co's overall GF Score™ is 49/100 with 7 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROE % calculated?
ROE % is calculated from a company's financial statements. For BaTeLab Co (HKSE:02149), the current ROE % is 7.29% as of Dec. 2025. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

BaTeLab Co Business Description

Address No. 150 Jici Road, Building 1, Science and Technology Town, Gaoxin District, Jiangsu Province, Suzhou, CHN, 215011
BaTeLab Co Ltd is a provider of industrial-grade analog IC patterned wafers in China. Based on self-developed electronic design automation (EDA) and reusable intellectual property (IP) libraries, its deliverable products are analog IC patterned wafers with completed built-on circuits, which can be fabricated into individual IC chips by downstream customers through standard and straightforward package testing. The company covers multiple product areas, including switching regulators, multi-channel ICs and power management ICs, linear regulators, battery management ICs, monitoring and modem ICs, driver ICs, and linear products. Its products are used across various industries such as industrial automation, automotive electronics, industrial IoT, communications, consumer electronics, etc.
49GF Score

Get the complete analysis for HKSE:02149

ROE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

HK$28.28
Price