ZTE Corp (000063) - Net Assets

Latest as of March 2026: CN¥77.04 Billion CNY ≈ $11.27 Billion USD

Based on the latest financial reports, ZTE Corp (000063) has net assets worth CN¥77.04 Billion CNY (≈ $11.27 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¥225.72 Billion ≈ $33.03 Billion USD) and total liabilities (CN¥148.69 Billion ≈ $21.76 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 how tangible is ZTE Corp's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥77.04 Billion
% of Total Assets	34.13%
Annual Growth Rate	27.3%
5-Year Change	41.95%
10-Year Change	85.01%
Growth Volatility	79.3

ZTE Corp - Net Assets Trend (1994–2025)

This chart illustrates how ZTE Corp's net assets have evolved over time, based on quarterly financial data. See 000063 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for ZTE Corp (1994–2025)

The table below shows the annual net assets of ZTE Corp from 1994 to 2025. For live valuation and market cap data, see 000063 market cap overview.

Year	Net Assets	Change
2025-12-31	CN¥75.64 Billion ≈ $11.07 Billion	+3.46%
2024-12-31	CN¥73.11 Billion ≈ $10.70 Billion	+6.99%
2023-12-31	CN¥68.33 Billion ≈ $10.00 Billion	+14.76%
2022-12-31	CN¥59.54 Billion ≈ $8.71 Billion	+11.74%
2021-12-31	CN¥53.29 Billion ≈ $7.80 Billion	+15.54%
2020-12-31	CN¥46.12 Billion ≈ $6.75 Billion	+21.52%
2019-12-31	CN¥37.95 Billion ≈ $5.55 Billion	+15.15%
2018-12-31	CN¥32.96 Billion ≈ $4.82 Billion	-25.74%
2017-12-31	CN¥44.39 Billion ≈ $6.50 Billion	+8.57%
2016-12-31	CN¥40.89 Billion ≈ $5.98 Billion	-5.68%
2015-12-31	CN¥43.35 Billion ≈ $6.34 Billion	+64.87%
2014-12-31	CN¥26.29 Billion ≈ $3.85 Billion	+11.29%
2013-12-31	CN¥23.63 Billion ≈ $3.46 Billion	+4.57%
2012-12-31	CN¥22.59 Billion ≈ $3.31 Billion	-14.06%
2011-12-31	CN¥26.29 Billion ≈ $3.85 Billion	+5.32%
2010-12-31	CN¥24.96 Billion ≈ $3.65 Billion	+39.07%
2009-12-31	CN¥17.95 Billion ≈ $2.63 Billion	+18.21%
2008-12-31	CN¥15.18 Billion ≈ $2.22 Billion	+17.81%
2007-12-31	CN¥12.89 Billion ≈ $1.89 Billion	+13.80%
2006-12-31	CN¥11.33 Billion ≈ $1.66 Billion	+6.89%
2005-12-31	CN¥10.60 Billion ≈ $1.55 Billion	+9.93%
2004-12-31	CN¥9.64 Billion ≈ $1.41 Billion	+91.34%
2003-12-31	CN¥5.04 Billion ≈ $737.17 Million	+9.41%
2002-12-31	CN¥4.60 Billion ≈ $673.77 Million	+17.52%
2001-12-31	CN¥3.92 Billion ≈ $573.33 Million	+104.52%
2000-12-31	CN¥1.92 Billion ≈ $280.32 Million	+22.50%
1999-12-31	CN¥1.56 Billion ≈ $228.83 Million	+62.96%
1998-12-31	CN¥959.60 Million ≈ $140.42 Million	+36.81%
1997-12-31	CN¥701.40 Million ≈ $102.64 Million	+440.06%
1996-12-31	CN¥129.87 Million ≈ $19.00 Million	+65.68%
1995-12-31	CN¥78.39 Million ≈ $11.47 Million	+84.24%
1994-12-31	CN¥42.55 Million ≈ $6.23 Million	--

Equity Component Analysis

This analysis shows how different components contribute to ZTE Corp'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 4253894700000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥42.54 Billion	56.40%
Common Stock	CN¥4.78 Billion	6.34%
Other Components	CN¥28.10 Billion	37.26%
Total Equity	CN¥75.43 Billion	100.00%

ZTE Corp Competitors by Market Cap

The table below lists competitors of ZTE Corp ranked by their market capitalization.

Company	Market Cap
HANSOH PHARMAC. HD-00001 F:3KY	$22.41 Billion
Eicher Motors Limited NSE:EICHERMOT	$22.43 Billion
CMS Energy Corporation NYSE:CMS	$22.43 Billion
Smurfit WestRock plc NYSE:SW	$22.44 Billion
PulteGroup Inc NYSE:PHM	$22.39 Billion
Loews Corp NYSE:L	$22.36 Billion
CH Robinson Worldwide Inc NASDAQ:CHRW	$22.33 Billion
Hangzhou Chang Chuan Technology Co Ltd SHE:300604	$22.32 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in ZTE Corp's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 72,808,483,000 to 75,425,601,000, a change of 2,617,118,000 (3.6%).
Net income of 5,617,745,000 contributed positively to equity growth.
Dividend payments of 2,951,441,000 reduced retained earnings.
Other comprehensive income decreased equity by 1,873,015,000.
Other factors increased equity by 1,823,829,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥5.62 Billion	+7.45%
Dividends Paid	CN¥2.95 Billion	-3.91%
Other Comprehensive Income	CN¥-1.87 Billion	-2.48%
Other Changes	CN¥1.82 Billion	+2.42%
Total Change	CN¥-	3.59%

Book Value vs Market Value Analysis

This analysis compares ZTE Corp'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: 2.44x
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 4039.27x to 2.44x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1994-12-31	CN¥0.01	CN¥38.00	x
1995-12-31	CN¥0.02	CN¥38.00	x
1996-12-31	CN¥0.03	CN¥38.00	x
1997-12-31	CN¥0.15	CN¥38.00	x
1998-12-31	CN¥0.21	CN¥38.00	x
1999-12-31	CN¥0.34	CN¥38.00	x
2000-12-31	CN¥0.41	CN¥38.00	x
2001-12-31	CN¥0.84	CN¥38.00	x
2002-12-31	CN¥0.97	CN¥38.00	x
2003-12-31	CN¥1.06	CN¥38.00	x
2004-12-31	CN¥2.03	CN¥38.00	x
2005-12-31	CN¥2.24	CN¥38.00	x
2006-12-31	CN¥2.38	CN¥38.00	x
2007-12-31	CN¥2.65	CN¥38.00	x
2008-12-31	CN¥3.08	CN¥38.00	x
2009-12-31	CN¥3.56	CN¥38.00	x
2010-12-31	CN¥5.68	CN¥38.00	x
2011-12-31	CN¥5.98	CN¥38.00	x
2012-12-31	CN¥5.22	CN¥38.00	x
2013-12-31	CN¥5.39	CN¥38.00	x
2014-12-31	CN¥6.05	CN¥38.00	x
2015-12-31	CN¥8.28	CN¥38.00	x
2016-12-31	CN¥10.97	CN¥38.00	x
2017-12-31	CN¥8.51	CN¥38.00	x
2018-12-31	CN¥7.41	CN¥38.00	x
2019-12-31	CN¥8.30	CN¥38.00	x
2020-12-31	CN¥9.34	CN¥38.00	x
2021-12-31	CN¥11.08	CN¥38.00	x
2022-12-31	CN¥12.38	CN¥38.00	x
2023-12-31	CN¥14.28	CN¥38.00	x
2024-12-31	CN¥15.22	CN¥38.00	x
2025-12-31	CN¥15.57	CN¥38.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently ZTE Corp 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): 7.45%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.21%
• Asset Turnover: 0.61x
• Equity Multiplier: 2.89x
Recent ROE (7.45%) is below the historical average (20.58%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1994	189.70%	41.03%	1.35x	3.42x	CN¥76.46 Million
1995	93.31%	37.12%	0.83x	3.02x	CN¥65.31 Million
1996	76.33%	32.00%	0.81x	2.95x	CN¥86.08 Million
1997	16.83%	18.54%	0.47x	1.95x	CN¥47.51 Million
1998	33.48%	15.94%	0.90x	2.34x	CN¥220.06 Million
1999	13.82%	8.33%	0.75x	2.20x	CN¥58.49 Million
2000	19.13%	7.83%	0.72x	3.40x	CN¥168.99 Million
2001	14.93%	6.11%	1.03x	2.37x	CN¥188.38 Million
2002	12.92%	5.15%	0.90x	2.78x	CN¥128.24 Million
2003	15.64%	4.69%	1.01x	3.29x	CN¥271.46 Million
2004	11.00%	4.44%	1.09x	2.27x	CN¥91.43 Million
2005	11.80%	5.54%	0.99x	2.15x	CN¥181.83 Million
2006	7.50%	3.51%	0.89x	2.39x	CN¥-269.04 Million
2007	10.32%	3.60%	0.89x	3.23x	CN¥38.44 Million
2008	11.65%	3.75%	0.87x	3.57x	CN¥235.24 Million
2009	14.61%	4.08%	0.88x	4.06x	CN¥775.59 Million
2010	14.07%	4.63%	0.83x	3.64x	CN¥940.86 Million
2011	8.50%	2.39%	0.82x	4.35x	CN¥-363.01 Million
2012	-13.24%	-3.37%	0.78x	5.01x	CN¥-4.99 Billion
2013	6.03%	1.80%	0.75x	4.44x	CN¥-895.61 Million
2014	10.59%	3.23%	0.77x	4.27x	CN¥145.71 Million
2015	9.30%	3.62%	0.80x	3.20x	CN¥-273.63 Million
2016	-5.20%	-1.83%	0.71x	3.97x	CN¥-5.43 Billion
2017	12.69%	4.66%	0.76x	3.59x	CN¥1.07 Billion
2018	-22.53%	-7.68%	0.66x	4.44x	CN¥-9.48 Billion
2019	15.67%	6.06%	0.64x	4.03x	CN¥1.99 Billion
2020	9.88%	4.21%	0.67x	3.48x	CN¥-53.69 Million
2021	13.23%	5.95%	0.68x	3.28x	CN¥1.66 Billion
2022	13.78%	6.57%	0.68x	3.09x	CN¥2.22 Billion
2023	13.71%	7.51%	0.62x	2.95x	CN¥2.52 Billion
2024	11.57%	6.95%	0.59x	2.85x	CN¥1.14 Billion
2025	7.45%	4.21%	0.61x	2.89x	CN¥-1.92 Billion

Industry Comparison

This section compares ZTE Corp's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

Industry: Communication Equipment
Average net assets among peers: $471,710,543
Average return on equity (ROE) among peers: 18.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
ZTE Corp (000063)	CN¥77.04 Billion	189.70%	1.93x	$22.40 Billion
Shenzhen SDG Information Co Ltd (000070)	$270.17 Million	19.39%	1.71x	$2.57 Billion
Addsino Co Ltd (000547)	$483.41 Million	1.94%	1.23x	$4.67 Billion
Sichuan Huiyuan Optical Com (000586)	$383.56 Million	10.30%	1.25x	$446.39 Million
PetroChina Jinhong Energy Investment Co Ltd (000669)	$1.46 Billion	-2.22%	1.78x	$400.25 Million
Sichuan Jiuzhou Electronic Co Ltd (000801)	$117.42 Million	3.98%	0.49x	$1.78 Billion
Skyworth Digital Co Ltd (000810)	$141.42 Million	-9.11%	1.72x	$1.95 Billion
Gohigh Data Networks Technology Co Ltd (000851)	$365.63 Million	3.29%	0.58x	$64.38 Million
Shenzhen Coship Electronics Co Ltd (002052)	$50.16 Million	138.76%	23.71x	$1.02 Billion
Sunwave Communications Co Ltd (002115)	$969.73 Million	1.96%	1.13x	$1.42 Billion

About ZTE Corp

SHE:000063 China Communication Equipment

Market Cap

$22.40 Billion

CN¥153.07 Billion CNY

Market Cap Rank

#1176 Global

#95 in China

Share Price

CN¥38.00

Change (1 day)

+2.10%

52-Week Range

CN¥30.96 - CN¥54.03

All Time High

CN¥54.03