Unisplendour Corp Ltd

SHE:000938 China Electronics & Computer Distribution
Market Cap
$9.53 Billion
CN¥69.93 Billion CNY
Market Cap Rank
#2295 Global
#143 in China
Share Price
CN¥24.45
Change (1 day)
-3.70%
52-Week Range
CN¥22.71 - CN¥31.51
All Time High
CN¥122590.63
Categories
Companies in China Electronics & Computer Distribution
About

Unisplendour Corporation Limited, a technology company, provides electronics and information technology (IT) solutions in China and internationally. It offers Digital Business, Distribution Business, and Others segments. The company offers network equipment, including switches, routers, WLAN, IoT, SDN, PON, intelligent management and operation and maintenance services; servers comprising general,… Read more

Unisplendour Corp Ltd (000938) - Net Assets

Latest net assets as of September 2025: CN¥17.22 Billion CNY

Based on the latest financial reports, Unisplendour Corp Ltd (000938) has net assets worth CN¥17.22 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥93.64 Billion) and total liabilities (CN¥76.42 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¥17.22 Billion
% of Total Assets 18.39%
Annual Growth Rate 25.44%
5-Year Change -52.85%
10-Year Change 499.49%
Growth Volatility 195.53

Unisplendour Corp Ltd - Net Assets Trend (1996–2024)

This chart illustrates how Unisplendour Corp 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 Unisplendour Corp Ltd (1996–2024)

The table below shows the annual net assets of Unisplendour Corp Ltd from 1996 to 2024.

Year Net Assets Change
2024-12-31 CN¥16.11 Billion -59.76%
2023-12-31 CN¥40.04 Billion +5.86%
2022-12-31 CN¥37.83 Billion +6.06%
2021-12-31 CN¥35.67 Billion +4.35%
2020-12-31 CN¥34.18 Billion +5.63%
2019-12-31 CN¥32.36 Billion +6.13%
2018-12-31 CN¥30.49 Billion +5.53%
2017-12-31 CN¥28.89 Billion +6.65%
2016-12-31 CN¥27.09 Billion +907.79%
2015-12-31 CN¥2.69 Billion +28.10%
2014-12-31 CN¥2.10 Billion +61.95%
2013-12-31 CN¥1.30 Billion +9.97%
2012-12-31 CN¥1.18 Billion +32.20%
2011-12-31 CN¥891.14 Million +1.02%
2010-12-31 CN¥882.14 Million +0.96%
2009-12-31 CN¥873.71 Million -12.78%
2008-12-31 CN¥1.00 Billion +23.03%
2007-12-31 CN¥814.21 Million +15.69%
2006-12-31 CN¥703.78 Million +2.65%
2005-12-31 CN¥685.61 Million -4.96%
2004-12-31 CN¥721.36 Million +0.49%
2003-12-31 CN¥717.81 Million +0.56%
2002-12-31 CN¥713.80 Million +13.36%
2001-12-31 CN¥629.66 Million -10.91%
2000-12-31 CN¥706.73 Million +13.66%
1999-12-31 CN¥621.78 Million +577.72%
1998-12-31 CN¥91.75 Million +39.89%
1997-12-31 CN¥65.58 Million +132.14%
1996-12-31 CN¥28.25 Million --

Equity Component Analysis

This analysis shows how different components contribute to Unisplendour Corp 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 1043133100000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥10.43 Billion 78.24%
Common Stock CN¥2.86 Billion 21.45%
Other Comprehensive Income CN¥-3.39 Million -0.03%
Other Components CN¥44.17 Million 0.33%
Total Equity CN¥13.33 Billion 100.00%

Unisplendour Corp Ltd Competitors by Market Cap

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

Company Market Cap
Osisko Gold Royalties Ltd.
LSE:0VBE
 		$6.59 Billion
Shandong Nanshan Aluminium Co Ltd
SHG:600219
 		$6.59 Billion
Timken Company
NYSE:TKR
 		$6.59 Billion
Associated British Foods plc
PINK:ASBFY
 		$6.60 Billion
DCI Indonesia Tbk PT
JK:DCII
 		$6.58 Billion
Qorvo Inc
NASDAQ:QRVO
 		$6.58 Billion
Avic Shenyang Aircraft Co Ltd
SHG:600760
 		$6.57 Billion
Zoomlion Heavy Industry Science and Technology Co. Ltd
F:8CZ
 		$6.57 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 33,946,454,949 to 13,332,194,000, a change of -20,614,260,949 (-60.7%).
  • Net income of 1,572,434,000 contributed positively to equity growth.
  • Dividend payments of 902,517,062 reduced retained earnings.
  • Other comprehensive income decreased equity by 3,386,000.
  • Other factors decreased equity by 21,280,791,886.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.57 Billion +11.79%
Dividends Paid CN¥902.52 Million -6.77%
Other Comprehensive Income CN¥-3.39 Million -0.03%
Other Changes CN¥-21.28 Billion -159.62%
Total Change CN¥- -60.73%

Book Value vs Market Value Analysis

This analysis compares Unisplendour Corp 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: 5.24x
  • 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 508.99x to 5.24x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 CN¥0.05 CN¥24.45 x
1997-12-31 CN¥0.11 CN¥24.45 x
1998-12-31 CN¥0.13 CN¥24.45 x
1999-12-31 CN¥1.03 CN¥24.45 x
2000-12-31 CN¥1.06 CN¥24.45 x
2001-12-31 CN¥1.01 CN¥24.45 x
2002-12-31 CN¥1.06 CN¥24.45 x
2003-12-31 CN¥1.11 CN¥24.45 x
2004-12-31 CN¥1.11 CN¥24.45 x
2005-12-31 CN¥1.04 CN¥24.45 x
2006-12-31 CN¥1.00 CN¥24.45 x
2007-12-31 CN¥1.16 CN¥24.45 x
2008-12-31 CN¥1.31 CN¥24.45 x
2009-12-31 CN¥1.42 CN¥24.45 x
2010-12-31 CN¥1.40 CN¥24.45 x
2011-12-31 CN¥1.42 CN¥24.45 x
2012-12-31 CN¥1.67 CN¥24.45 x
2013-12-31 CN¥1.81 CN¥24.45 x
2014-12-31 CN¥3.15 CN¥24.45 x
2015-12-31 CN¥4.21 CN¥24.45 x
2016-12-31 CN¥11.36 CN¥24.45 x
2017-12-31 CN¥8.80 CN¥24.45 x
2018-12-31 CN¥9.29 CN¥24.45 x
2019-12-31 CN¥9.85 CN¥24.45 x
2020-12-31 CN¥10.40 CN¥24.45 x
2021-12-31 CN¥10.48 CN¥24.45 x
2022-12-31 CN¥11.13 CN¥24.45 x
2023-12-31 CN¥11.87 CN¥24.45 x
2024-12-31 CN¥4.66 CN¥24.45 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Unisplendour Corp 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): 11.79%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.99%
  • • Asset Turnover: 0.89x
  • • Equity Multiplier: 6.66x
  • Recent ROE (11.79%) is above the historical average (10.11%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 48.65% 7.05% 2.07x 3.33x CN¥10.92 Million
1997 51.04% 10.89% 1.67x 2.80x CN¥25.44 Million
1998 58.14% 10.82% 1.67x 3.21x CN¥36.64 Million
1999 9.23% 12.34% 0.57x 1.32x CN¥-4.67 Million
2000 13.32% 9.03% 0.84x 1.75x CN¥20.77 Million
2001 -3.97% -1.61% 1.43x 1.72x CN¥-83.13 Million
2002 1.60% 0.53% 1.26x 2.41x CN¥-52.57 Million
2003 3.25% 0.92% 1.40x 2.53x CN¥-43.94 Million
2004 3.94% 0.84% 1.78x 2.64x CN¥-39.76 Million
2005 -5.25% -0.94% 2.09x 2.66x CN¥-93.51 Million
2006 1.73% 0.31% 1.99x 2.83x CN¥-51.34 Million
2007 2.29% 0.37% 2.10x 2.99x CN¥-50.38 Million
2008 4.14% 0.79% 1.75x 2.99x CN¥-43.37 Million
2009 3.99% 0.78% 2.07x 2.47x CN¥-48.18 Million
2010 4.19% 0.76% 2.15x 2.56x CN¥-46.12 Million
2011 5.37% 0.81% 2.49x 2.66x CN¥-37.06 Million
2012 7.65% 1.11% 2.43x 2.85x CN¥-22.16 Million
2013 9.89% 1.18% 2.64x 3.16x CN¥-1.16 Million
2014 7.07% 1.13% 2.39x 2.62x CN¥-52.12 Million
2015 6.38% 1.14% 2.12x 2.64x CN¥-86.30 Million
2016 3.42% 2.94% 0.75x 1.56x CN¥-1.57 Billion
2017 6.22% 4.01% 0.92x 1.69x CN¥-949.57 Million
2018 6.42% 3.53% 1.00x 1.83x CN¥-950.43 Million
2019 6.54% 3.41% 0.99x 1.94x CN¥-974.85 Million
2020 6.09% 3.02% 1.02x 1.98x CN¥-1.16 Billion
2021 7.17% 3.18% 1.02x 2.22x CN¥-848.42 Million
2022 6.78% 2.91% 1.00x 2.33x CN¥-1.03 Billion
2023 6.20% 2.72% 0.89x 2.57x CN¥-1.29 Billion
2024 11.79% 1.99% 0.89x 6.66x CN¥239.21 Million

Industry Comparison

This section compares Unisplendour Corp Ltd's net assets metrics with peer companies in the Electronics & Computer Distribution industry.

Industry Context

  • Industry: Electronics & Computer Distribution
  • Average net assets among peers: $1,430,997,906
  • Average return on equity (ROE) among peers: 4.35%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Unisplendour Corp Ltd (000938) CN¥17.22 Billion 48.65% 4.44x $6.59 Billion
Shenzhen Huaqiang Industry Co Ltd (000062) $210.47 Million 33.49% 2.37x $1.45 Billion
Telling Telecommunication Holding Co Ltd (000829) $215.79 Million 10.04% 0.39x $930.06 Million
Shenzhen H&T Intelligent Control Co Ltd (002402) $5.39 Billion 6.76% 1.22x $3.35 Billion
Beijing Oriental Jicheng Co Ltd (002819) $154.47 Million 19.54% 0.50x $452.07 Million
GuangDong Rifeng Electric Cable Co Ltd (002953) $1.25 Billion 10.16% 1.10x $316.28 Million
Wuhan PS Information Tech (300184) $2.92 Billion -59.48% 0.64x $1.48 Billion
Shenyu Communication Technology Inc (300563) $242.28 Million 13.41% 0.54x $493.98 Million
Nanjing Sunlord Electronics Corporation LTD (300975) $2.18 Billion 3.25% 1.70x $834.47 Million
Langfang Development Co Ltd (600149) $317.39 Million 1.96% 0.08x $205.41 Million