Gohigh Data Networks Technology Co Ltd

SHE:000851 China Communication Equipment
Market Cap
$59.97 Million
CN¥439.99 Million CNY
Market Cap Rank
#21084 Global
#4639 in China
Share Price
CN¥0.38
Change (1 day)
+0.00%
52-Week Range
CN¥0.38 - CN¥2.95
All Time High
CN¥11.73
Categories
Companies in China Communication Equipment Technology AI & Machine Learning
About

Gohigh Networks Co.,Ltd. engages in digital intelligence application, information service, and IT sales business in China. The company offers industrial internet, internet of vehicles chip, and cloud computing services, as well as IDC and digital marketing services. It also offers mobile Internet services and BPO services. The company was formerly known as Gohigh Data Networks Technology Co., Ltd… Read more

Gohigh Data Networks Technology Co Ltd (000851) - Net Assets

Latest net assets as of June 2025: CN¥682.57 Million CNY

Based on the latest financial reports, Gohigh Data Networks Technology Co Ltd (000851) has net assets worth CN¥682.57 Million CNY as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.48 Billion) and total liabilities (CN¥3.80 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥682.57 Million
% of Total Assets 15.22%
Annual Growth Rate 5.4%
5-Year Change -77.75%
10-Year Change -71.54%
Growth Volatility 35.66

Gohigh Data Networks Technology Co Ltd - Net Assets Trend (1995–2024)

This chart illustrates how Gohigh Data Networks Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Gohigh Data Networks Technology Co Ltd (1995–2024)

The table below shows the annual net assets of Gohigh Data Networks Technology Co Ltd from 1995 to 2024.

Year Net Assets Change
2024-12-31 CN¥820.93 Million -76.54%
2023-12-31 CN¥3.50 Billion -30.15%
2022-12-31 CN¥5.01 Billion -0.24%
2021-12-31 CN¥5.02 Billion +36.14%
2020-12-31 CN¥3.69 Billion -5.67%
2019-12-31 CN¥3.91 Billion -0.10%
2018-12-31 CN¥3.91 Billion +13.16%
2017-12-31 CN¥3.46 Billion +6.63%
2016-12-31 CN¥3.24 Billion +12.45%
2015-12-31 CN¥2.88 Billion +3.89%
2014-12-31 CN¥2.78 Billion +18.83%
2013-12-31 CN¥2.34 Billion +8.71%
2012-12-31 CN¥2.15 Billion +92.34%
2011-12-31 CN¥1.12 Billion +2.45%
2010-12-31 CN¥1.09 Billion +2.29%
2009-12-31 CN¥1.07 Billion +75.66%
2008-12-31 CN¥607.07 Million +5.47%
2007-12-31 CN¥575.61 Million +85.57%
2006-12-31 CN¥310.19 Million +3.52%
2005-12-31 CN¥299.64 Million +7.24%
2004-12-31 CN¥279.41 Million +15.03%
2003-12-31 CN¥242.90 Million +27.34%
2002-12-31 CN¥190.74 Million -43.24%
2001-12-31 CN¥336.07 Million -15.47%
2000-12-31 CN¥397.58 Million +8.21%
1999-12-31 CN¥367.40 Million +0.49%
1998-12-31 CN¥365.63 Million +85.23%
1997-12-31 CN¥197.39 Million +8.79%
1996-12-31 CN¥181.44 Million +1.55%
1995-12-31 CN¥178.68 Million --

Equity Component Analysis

This analysis shows how different components contribute to Gohigh Data Networks Technology 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 decreased by 28244.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥1.16 Billion 194.57%
Other Comprehensive Income CN¥63.37 Million 10.65%
Other Components CN¥2.83 Billion 475.99%
Total Equity CN¥595.09 Million 100.00%

Gohigh Data Networks Technology Co Ltd Competitors by Market Cap

The table below lists competitors of Gohigh Data Networks Technology Co Ltd ranked by their market capitalization.

Company Market Cap
Century Synthetic Fiber Corp
VN:STK
 		$51.66 Million
São Carlos Empreendimentos e Participações S.A
SA:SCAR3
 		$51.67 Million
JW (Cayman) Therapeutics Co. Ltd
PINK:JWCTF
 		$51.68 Million
Lihtai Construction Enterprise Co Ltd
TWO:5520
 		$51.69 Million
Sahamitr Pressure Container Public Company Limited
BK:SMPC
 		$51.62 Million
Auburn National Bancorporation Inc
NASDAQ:AUBN
 		$51.62 Million
NIPPON AQUA CO. LTD.
F:N3A
 		$51.62 Million
Lanvin Group Holdings Limited
NYSE:LANV
 		$51.59 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Gohigh Data Networks Technology Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,902,656,186 to 595,091,933, a change of -2,307,564,253 (-79.5%).
  • Net loss of 2,290,420,358 reduced equity.
  • Dividend payments of 14,535,953 reduced retained earnings.
  • Other comprehensive income increased equity by 63,497,453.
  • Other factors decreased equity by 66,105,395.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-2.29 Billion -384.89%
Dividends Paid CN¥14.54 Million -2.44%
Other Comprehensive Income CN¥63.50 Million +10.67%
Other Changes CN¥-66.11 Million -11.11%
Total Change CN¥- -79.50%

Book Value vs Market Value Analysis

This analysis compares Gohigh Data Networks Technology 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: 0.73x
  • The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1995-12-31 CN¥0.48 CN¥0.38 x
1996-12-31 CN¥0.49 CN¥0.38 x
1997-12-31 CN¥0.53 CN¥0.38 x
1998-12-31 CN¥0.98 CN¥0.38 x
1999-12-31 CN¥0.99 CN¥0.38 x
2000-12-31 CN¥1.07 CN¥0.38 x
2001-12-31 CN¥0.90 CN¥0.38 x
2002-12-31 CN¥0.51 CN¥0.38 x
2003-12-31 CN¥0.58 CN¥0.38 x
2004-12-31 CN¥0.62 CN¥0.38 x
2005-12-31 CN¥0.65 CN¥0.38 x
2006-12-31 CN¥0.85 CN¥0.38 x
2007-12-31 CN¥1.35 CN¥0.38 x
2008-12-31 CN¥1.39 CN¥0.38 x
2009-12-31 CN¥2.64 CN¥0.38 x
2010-12-31 CN¥2.14 CN¥0.38 x
2011-12-31 CN¥2.19 CN¥0.38 x
2012-12-31 CN¥4.34 CN¥0.38 x
2013-12-31 CN¥2.97 CN¥0.38 x
2014-12-31 CN¥3.38 CN¥0.38 x
2015-12-31 CN¥3.16 CN¥0.38 x
2016-12-31 CN¥3.69 CN¥0.38 x
2017-12-31 CN¥3.63 CN¥0.38 x
2018-12-31 CN¥3.66 CN¥0.38 x
2019-12-31 CN¥3.67 CN¥0.38 x
2020-12-31 CN¥3.49 CN¥0.38 x
2021-12-31 CN¥4.21 CN¥0.38 x
2022-12-31 CN¥3.91 CN¥0.38 x
2023-12-31 CN¥2.50 CN¥0.38 x
2024-12-31 CN¥0.52 CN¥0.38 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Gohigh Data Networks Technology 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): -384.89%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -156.42%
  • • Asset Turnover: 0.31x
  • • Equity Multiplier: 7.86x
  • Recent ROE (-384.89%) is below the historical average (-13.53%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1995 11.04% 15.06% 0.41x 1.81x CN¥1.86 Million
1996 18.43% 18.78% 0.51x 1.91x CN¥15.30 Million
1997 17.96% 16.83% 0.43x 2.48x CN¥15.72 Million
1998 3.29% 6.53% 0.32x 1.58x CN¥-24.54 Million
1999 0.91% 2.33% 0.25x 1.54x CN¥-33.40 Million
2000 -4.60% -11.48% 0.30x 1.35x CN¥-58.04 Million
2001 -18.04% -56.30% 0.22x 1.44x CN¥-94.25 Million
2002 -47.20% -83.66% 0.37x 1.51x CN¥-109.11 Million
2003 10.79% 18.06% 0.36x 1.67x CN¥1.69 Million
2004 6.77% 5.50% 0.54x 2.30x CN¥-7.41 Million
2005 4.36% 2.82% 0.58x 2.66x CN¥-13.69 Million
2006 2.29% 1.22% 0.59x 3.21x CN¥-19.14 Million
2007 2.12% 2.04% 0.53x 1.97x CN¥-39.53 Million
2008 2.20% 1.53% 0.64x 2.25x CN¥-39.52 Million
2009 1.69% 0.88% 1.01x 1.89x CN¥-81.68 Million
2010 1.42% 0.56% 1.08x 2.35x CN¥-85.63 Million
2011 2.30% 0.57% 1.71x 2.34x CN¥-78.44 Million
2012 1.18% 0.54% 1.29x 1.70x CN¥-186.68 Million
2013 2.43% 0.84% 1.13x 2.57x CN¥-162.20 Million
2014 2.21% 0.80% 1.15x 2.42x CN¥-198.98 Million
2015 3.26% 1.15% 1.14x 2.48x CN¥-176.45 Million
2016 2.61% 0.92% 1.12x 2.52x CN¥-227.31 Million
2017 5.51% 2.00% 1.10x 2.51x CN¥-146.05 Million
2018 1.75% 0.63% 1.06x 2.63x CN¥-274.01 Million
2019 0.70% 0.20% 1.22x 2.81x CN¥-309.21 Million
2020 -4.42% -1.99% 0.70x 3.16x CN¥-456.52 Million
2021 0.79% 0.41% 0.87x 2.19x CN¥-413.36 Million
2022 0.96% 0.63% 0.66x 2.33x CN¥-402.50 Million
2023 -53.60% -26.23% 0.71x 2.86x CN¥-1.85 Billion
2024 -384.89% -156.42% 0.31x 7.86x CN¥-2.35 Billion

Industry Comparison

This section compares Gohigh Data Networks Technology Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

  • Industry: Communication Equipment
  • Average net assets among peers: $1,256,119,470
  • Average return on equity (ROE) among peers: 2.34%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Gohigh Data Networks Technology Co Ltd (000851) CN¥682.57 Million 11.04% 5.57x $51.64 Million
Shenzhen SDG Information Co Ltd (000070) $2.97 Billion 0.38% 2.39x $1.17 Billion
Addsino Co Ltd (000547) $1.77 Billion 1.02% 0.25x $3.84 Billion
Sichuan Huiyuan Optical Com (000586) $206.04 Million 9.02% 1.52x $241.69 Million
PetroChina Jinhong Energy Investment Co Ltd (000669) $148.27 Million -0.70% 0.35x $346.82 Million
Skyworth Digital Co Ltd (000810) $2.35 Billion 19.37% 1.24x $684.32 Million
Shenzhen Coship Electronics Co Ltd (002052) $231.11 Million -66.53% 2.00x $850.17 Million
Sunwave Communications Co Ltd (002115) $1.89 Billion 2.50% 1.29x $1.17 Billion
Invengo Information Technology Co Ltd (002161) $1.61 Billion 1.18% 0.17x $671.61 Million
Bus Online Co Ltd (002188) $112.36 Million 54.84% 1.24x $193.28 Million