Shenzhen Sed Industry Co Ltd (000032) - Net Assets

Latest as of March 2026: CN¥13.29 Billion CNY ≈ $1.95 Billion USD

Based on the latest financial reports, Shenzhen Sed Industry Co Ltd (000032) has net assets worth CN¥13.29 Billion CNY (≈ $1.95 Billion 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¥73.31 Billion ≈ $10.73 Billion USD) and total liabilities (CN¥60.02 Billion ≈ $8.78 Billion 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 equity quality of Shenzhen Sed Industry Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥13.29 Billion
% of Total Assets 18.13%
Annual Growth Rate 16.39%
5-Year Change 37.27%
10-Year Change 760.8%
Growth Volatility 65.28

Shenzhen Sed Industry Co Ltd - Net Assets Trend (1992–2025)

This chart illustrates how Shenzhen Sed Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Shenzhen Sed Industry Co Ltd to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shenzhen Sed Industry Co Ltd (1992–2025)

The table below shows the annual net assets of Shenzhen Sed Industry Co Ltd from 1992 to 2025. For live valuation and market cap data, see market value of Shenzhen Sed Industry Co Ltd.

Year Net Assets Change
2025-12-31 CN¥13.34 Billion
≈ $1.95 Billion		 +7.62%
2024-12-31 CN¥12.39 Billion
≈ $1.81 Billion		 +4.37%
2023-12-31 CN¥11.87 Billion
≈ $1.74 Billion		 +17.23%
2022-12-31 CN¥10.13 Billion
≈ $1.48 Billion		 +4.23%
2021-12-31 CN¥9.72 Billion
≈ $1.42 Billion		 +34.71%
2020-12-31 CN¥7.21 Billion
≈ $1.06 Billion		 +335.04%
2019-12-31 CN¥1.66 Billion
≈ $242.66 Million		 +9.35%
2018-12-31 CN¥1.52 Billion
≈ $221.90 Million		 -9.37%
2017-12-31 CN¥1.67 Billion
≈ $244.85 Million		 +7.98%
2016-12-31 CN¥1.55 Billion
≈ $226.76 Million		 +2.73%
2015-12-31 CN¥1.51 Billion
≈ $220.74 Million		 +1.10%
2014-12-31 CN¥1.49 Billion
≈ $218.34 Million		 +47.00%
2013-12-31 CN¥1.02 Billion
≈ $148.53 Million		 -3.19%
2012-12-31 CN¥1.05 Billion
≈ $153.43 Million		 +20.58%
2011-12-31 CN¥869.50 Million
≈ $127.24 Million		 +1.75%
2010-12-31 CN¥854.56 Million
≈ $125.05 Million		 +7.67%
2009-12-31 CN¥793.72 Million
≈ $116.15 Million		 -0.57%
2008-12-31 CN¥798.27 Million
≈ $116.81 Million		 -3.05%
2007-12-31 CN¥823.36 Million
≈ $120.48 Million		 +13.59%
2006-12-31 CN¥724.83 Million
≈ $106.06 Million		 +9.90%
2005-12-31 CN¥659.52 Million
≈ $96.51 Million		 +5.38%
2004-12-31 CN¥625.86 Million
≈ $91.58 Million		 +0.85%
2003-12-31 CN¥620.61 Million
≈ $90.82 Million		 +5.78%
2002-12-31 CN¥586.73 Million
≈ $85.86 Million		 +97.02%
2001-12-31 CN¥297.80 Million
≈ $43.58 Million		 +10.77%
2000-12-31 CN¥268.84 Million
≈ $39.34 Million		 +8.12%
1999-12-31 CN¥248.64 Million
≈ $36.38 Million		 +12.31%
1998-12-31 CN¥221.38 Million
≈ $32.40 Million		 -21.06%
1997-12-31 CN¥280.45 Million
≈ $41.04 Million		 +1.85%
1996-12-31 CN¥275.37 Million
≈ $40.29 Million		 +0.61%
1995-12-31 CN¥273.69 Million
≈ $40.05 Million		 -0.39%
1994-12-31 CN¥274.77 Million
≈ $40.21 Million		 +8.75%
1993-12-31 CN¥252.65 Million
≈ $36.97 Million		 +183.59%
1992-12-31 CN¥89.09 Million
≈ $13.04 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Sed Industry 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 142084739075.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥1.42 Billion 19.04%
Other Components CN¥6.04 Billion 80.96%
Total Equity CN¥7.46 Billion 100.00%

Shenzhen Sed Industry Co Ltd Competitors by Market Cap

The table below lists competitors of Shenzhen Sed Industry Co Ltd ranked by their market capitalization.

Company Market Cap
Cochin Shipyard Limited
NSE:COCHINSHIP
 $4.07 Billion
Cadence Bancorp
NYSE:CADE
 $4.08 Billion
Asseco Poland S.A.
WAR:ACP
 $4.08 Billion
Flughafen Wien Aktiengesellschaft
VI:FLU
 $4.08 Billion
HLA GROUP CORP LTD
SHG:600398
 $4.07 Billion
Bechtle AG
XETRA:BC8
 $4.07 Billion
Klabin S.A.
SA:KLBN11
 $4.07 Billion
China Airlines Ltd
TW:2610
 $4.06 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenzhen Sed Industry Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2024 to 2025, total equity changed from 6,494,763,000 to 7,462,163,164, a change of 967,400,164 (14.9%).
  • Net loss of 127,069,431 reduced equity.
  • Dividend payments of 474,741,712 reduced retained earnings.
  • Other factors increased equity by 1,569,211,307.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥-127.07 Million -1.7%
Dividends Paid CN¥474.74 Million -6.36%
Other Changes CN¥1.57 Billion +21.03%
Total Change CN¥- 14.90%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Sed Industry 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: 3.49x
  • 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 114.80x to 3.49x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1991-12-31 CN¥0.20 CN¥22.89 x
1992-12-31 CN¥0.27 CN¥22.89 x
1993-12-31 CN¥0.83 CN¥22.89 x
1994-12-31 CN¥0.94 CN¥22.89 x
1995-12-31 CN¥0.94 CN¥22.89 x
1996-12-31 CN¥0.95 CN¥22.89 x
1997-12-31 CN¥0.96 CN¥22.89 x
1998-12-31 CN¥0.74 CN¥22.89 x
1999-12-31 CN¥0.81 CN¥22.89 x
2000-12-31 CN¥0.87 CN¥22.89 x
2001-12-31 CN¥0.95 CN¥22.89 x
2002-12-31 CN¥1.99 CN¥22.89 x
2003-12-31 CN¥2.05 CN¥22.89 x
2004-12-31 CN¥2.05 CN¥22.89 x
2005-12-31 CN¥2.13 CN¥22.89 x
2006-12-31 CN¥2.36 CN¥22.89 x
2007-12-31 CN¥2.77 CN¥22.89 x
2008-12-31 CN¥2.69 CN¥22.89 x
2009-12-31 CN¥2.66 CN¥22.89 x
2010-12-31 CN¥2.68 CN¥22.89 x
2011-12-31 CN¥2.68 CN¥22.89 x
2012-12-31 CN¥3.90 CN¥22.89 x
2013-12-31 CN¥3.44 CN¥22.89 x
2014-12-31 CN¥5.56 CN¥22.89 x
2015-12-31 CN¥3.29 CN¥22.89 x
2016-12-31 CN¥3.31 CN¥22.89 x
2017-12-31 CN¥3.55 CN¥22.89 x
2018-12-31 CN¥3.32 CN¥22.89 x
2019-12-31 CN¥2.10 CN¥22.89 x
2020-12-31 CN¥4.05 CN¥22.89 x
2021-12-31 CN¥6.25 CN¥22.89 x
2022-12-31 CN¥4.89 CN¥22.89 x
2023-12-31 CN¥5.70 CN¥22.89 x
2024-12-31 CN¥5.71 CN¥22.89 x
2025-12-31 CN¥6.56 CN¥22.89 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Sed Industry 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): -1.70%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -0.26%
  • • Asset Turnover: 0.67x
  • • Equity Multiplier: 9.79x
  • Recent ROE (-1.70%) is below the historical average (8.43%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1991 24.64% 11.93% 0.40x 5.14x CN¥8.16 Million
1992 37.51% 9.75% 0.92x 4.17x CN¥20.87 Million
1993 14.91% 12.62% 0.61x 1.94x CN¥11.46 Million
1994 13.71% 12.98% 0.54x 1.94x CN¥9.72 Million
1995 5.77% 4.97% 0.53x 2.19x CN¥-11.05 Million
1996 4.91% 5.00% 0.45x 2.20x CN¥-13.57 Million
1997 1.30% 1.11% 0.46x 2.54x CN¥-23.29 Million
1998 8.58% 3.55% 0.75x 3.23x CN¥-2.93 Million
1999 13.68% 3.64% 1.16x 3.23x CN¥8.35 Million
2000 12.48% 2.62% 1.37x 3.47x CN¥6.01 Million
2001 13.70% 2.15% 1.89x 3.37x CN¥9.82 Million
2002 7.76% 3.11% 1.29x 1.93x CN¥-12.49 Million
2003 7.89% 3.53% 1.16x 1.92x CN¥-12.10 Million
2004 4.50% 1.70% 1.23x 2.16x CN¥-31.54 Million
2005 6.71% 2.71% 1.12x 2.21x CN¥-19.60 Million
2006 6.33% 2.47% 1.19x 2.16x CN¥-24.28 Million
2007 11.14% 4.56% 1.04x 2.34x CN¥8.91 Million
2008 9.75% 4.30% 1.25x 1.81x CN¥-1.91 Million
2009 5.48% 3.31% 0.86x 1.93x CN¥-33.60 Million
2010 3.76% 1.94% 0.83x 2.34x CN¥-47.63 Million
2011 3.73% 1.58% 1.09x 2.16x CN¥-45.80 Million
2012 19.74% 11.84% 0.90x 1.86x CN¥88.61 Million
2013 0.97% 0.52% 1.08x 1.71x CN¥-79.19 Million
2014 1.62% 1.52% 0.52x 2.05x CN¥-113.14 Million
2015 3.96% 2.77% 0.93x 1.54x CN¥-83.38 Million
2016 4.23% 3.08% 1.01x 1.36x CN¥-82.87 Million
2017 2.49% 1.98% 0.86x 1.46x CN¥-112.63 Million
2018 7.83% 0.53% 9.45x 1.58x CN¥-29.61 Million
2019 16.71% 0.92% 11.41x 1.59x CN¥98.59 Million
2020 7.44% 0.67% 0.89x 12.59x CN¥-73.57 Million
2021 6.24% 0.88% 0.96x 7.41x CN¥-232.82 Million
2022 -2.84% -0.31% 0.97x 9.48x CN¥-715.72 Million
2023 5.08% 0.59% 1.00x 8.71x CN¥-319.24 Million
2024 5.08% 0.49% 0.96x 10.83x CN¥-319.75 Million
2025 -1.70% -0.26% 0.67x 9.79x CN¥-873.29 Million

Industry Comparison

This section compares Shenzhen Sed Industry Co Ltd's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

  • Industry: Engineering & Construction
  • Average net assets among peers: $1,385,304,431
  • Average return on equity (ROE) among peers: -71.84%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shenzhen Sed Industry Co Ltd (000032) CN¥13.29 Billion 24.64% 4.51x $4.07 Billion
Shenzhen Ecobeauty Co Ltd (000010) $896.43 Million -59.77% 3.04x $353.28 Million
NORINCO International Cooperation Ltd (000065) $6.23 Billion 12.07% 1.90x $2.10 Billion
Shenzhen Tagen Group Co Ltd (000090) $994.69 Million 9.76% 2.02x $970.67 Million
Shandong Hi-Speed Road&Bridge (000498) $58.67 Million -627.04% 25.37x $1.15 Billion
Jinyuan Cement Co Ltd (000546) $180.30 Million 2.77% 1.35x $615.63 Million
Hunan Investment Group Co Ltd (000548) $1.86 Billion 1.90% 0.80x $327.27 Million
ChengDu Hi-Tech Development Co Ltd (000628) $176.21 Million 0.00% 1.34x $2.76 Billion
Gansu Engineering Consulting Group Co Ltd (000779) $303.42 Million 1.73% 0.71x $525.79 Million
Hainan Expressway Co Ltd (000886) $1.77 Billion 12.00% 0.72x $632.32 Million

About Shenzhen Sed Industry Co Ltd

SHE:000032 China Engineering & Construction
Market Cap
$4.07 Billion
CN¥27.82 Billion CNY
Market Cap Rank
#4149 Global
#669 in China
Share Price
CN¥22.89
Change (1 day)
+10.00%
52-Week Range
CN¥15.10 - CN¥27.93
All Time High
CN¥39.72
Categories
Companies in China Engineering & Construction
About

Shenzhen SED Industry Co., Ltd. provides digital and information, and industrial services in China. The company offers cloud computing and storage, data innovation, and digital government and industry digitization services. It also provides high-tech industry services, such as cleanroom services, digital heating, and new energy services. In addition, the company offers housing rental; smart light… Read more