Gohigh Data Networks Technology Co Ltd (000851) - Net Assets
Based on the latest financial reports, Gohigh Data Networks Technology Co Ltd (000851) has net assets worth CN¥682.57 Million CNY (≈ $99.88 Million USD) 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 ≈ $656.30 Million USD) and total liabilities (CN¥3.80 Billion ≈ $556.41 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 financial resilience of Gohigh Data Networks Technology Co Ltd to evaluate the company's liquid asset resilience ratio.
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. Also explore Gohigh Data Networks Technology Co Ltd total assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 000851 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥820.93 Million ≈ $120.13 Million |
-76.54% |
| 2023-12-31 | CN¥3.50 Billion ≈ $512.11 Million |
-30.15% |
| 2022-12-31 | CN¥5.01 Billion ≈ $733.19 Million |
-0.24% |
| 2021-12-31 | CN¥5.02 Billion ≈ $734.92 Million |
+36.14% |
| 2020-12-31 | CN¥3.69 Billion ≈ $539.81 Million |
-5.67% |
| 2019-12-31 | CN¥3.91 Billion ≈ $572.23 Million |
-0.10% |
| 2018-12-31 | CN¥3.91 Billion ≈ $572.83 Million |
+13.16% |
| 2017-12-31 | CN¥3.46 Billion ≈ $506.22 Million |
+6.63% |
| 2016-12-31 | CN¥3.24 Billion ≈ $474.73 Million |
+12.45% |
| 2015-12-31 | CN¥2.88 Billion ≈ $422.16 Million |
+3.89% |
| 2014-12-31 | CN¥2.78 Billion ≈ $406.33 Million |
+18.83% |
| 2013-12-31 | CN¥2.34 Billion ≈ $341.94 Million |
+8.71% |
| 2012-12-31 | CN¥2.15 Billion ≈ $314.54 Million |
+92.34% |
| 2011-12-31 | CN¥1.12 Billion ≈ $163.53 Million |
+2.45% |
| 2010-12-31 | CN¥1.09 Billion ≈ $159.62 Million |
+2.29% |
| 2009-12-31 | CN¥1.07 Billion ≈ $156.05 Million |
+75.66% |
| 2008-12-31 | CN¥607.07 Million ≈ $88.83 Million |
+5.47% |
| 2007-12-31 | CN¥575.61 Million ≈ $84.23 Million |
+85.57% |
| 2006-12-31 | CN¥310.19 Million ≈ $45.39 Million |
+3.52% |
| 2005-12-31 | CN¥299.64 Million ≈ $43.85 Million |
+7.24% |
| 2004-12-31 | CN¥279.41 Million ≈ $40.89 Million |
+15.03% |
| 2003-12-31 | CN¥242.90 Million ≈ $35.54 Million |
+27.34% |
| 2002-12-31 | CN¥190.74 Million ≈ $27.91 Million |
-43.24% |
| 2001-12-31 | CN¥336.07 Million ≈ $49.18 Million |
-15.47% |
| 2000-12-31 | CN¥397.58 Million ≈ $58.18 Million |
+8.21% |
| 1999-12-31 | CN¥367.40 Million ≈ $53.76 Million |
+0.49% |
| 1998-12-31 | CN¥365.63 Million ≈ $53.50 Million |
+85.23% |
| 1997-12-31 | CN¥197.39 Million ≈ $28.88 Million |
+8.79% |
| 1996-12-31 | CN¥181.44 Million ≈ $26.55 Million |
+1.55% |
| 1995-12-31 | CN¥178.68 Million ≈ $26.15 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 |
|---|---|
|
HY Energy Group Co Ltd
SHG:600387
|
$64.39 Million |
|
Senstar Technologies Ltd
NASDAQ:SNT
|
$64.40 Million |
|
RedcapTour Co. Ltd
KQ:038390
|
$64.40 Million |
|
Samick Music I
KO:002450
|
$64.41 Million |
|
Tomei Consolidated Bhd
KLSE:7230
|
$64.38 Million |
|
Nynomic AG
F:M7U
|
$64.37 Million |
|
Lifevantage Corporation
NASDAQ:LFVN
|
$64.35 Million |
|
Value8 N.V
AS:VALUE
|
$64.35 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: $5,835,893,730
- Average return on equity (ROE) among peers: -1.32%
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 | $64.38 Million |
| ZTE Corp (000063) | $43.35 Billion | 8.36% | 1.79x | $21.63 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $204.52 Million | 22.76% | 2.18x | $2.38 Billion |
| Addsino Co Ltd (000547) | $459.32 Million | -8.36% | 1.39x | $5.75 Billion |
| Sichuan Huiyuan Optical Com (000586) | $262.65 Million | 0.31% | 1.13x | $501.31 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $78.54 Million | 4.37% | 0.86x | $417.18 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.80 Billion | 2.74% | 0.79x | $1.90 Billion |
| Skyworth Digital Co Ltd (000810) | $2.01 Billion | 18.94% | 0.94x | $2.14 Billion |
| Shenzhen Coship Electronics Co Ltd (002052) | $916.66 Million | -66.59% | 1.08x | $1.11 Billion |
| Sunwave Communications Co Ltd (002115) | $2.43 Billion | 5.61% | 0.88x | $1.71 Billion |
About Gohigh Data Networks Technology Co Ltd
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