Shenzhen Coship Electronics Co Ltd (002052) - Net Assets

Latest as of March 2026: CN¥236.01 Million CNY ≈ $34.54 Million USD

Based on the latest financial reports, Shenzhen Coship Electronics Co Ltd (002052) has net assets worth CN¥236.01 Million CNY (≈ $34.54 Million 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¥571.66 Million ≈ $83.65 Million USD) and total liabilities (CN¥335.65 Million ≈ $49.12 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. Also explore Shenzhen Coship Electronics Co Ltd asset portfolio for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥236.01 Million
% of Total Assets	41.28%
Annual Growth Rate	4.13%
5-Year Change	480.04%
10-Year Change	-74.44%
Growth Volatility	98.6

Shenzhen Coship Electronics Co Ltd - Net Assets Trend (2003–2025)

This chart illustrates how Shenzhen Coship Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Shenzhen Coship Electronics Co Ltd (002052) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Shenzhen Coship Electronics Co Ltd (2003–2025)

The table below shows the annual net assets of Shenzhen Coship Electronics Co Ltd from 2003 to 2025. For live valuation and market cap data, see 002052 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥234.32 Million ≈ $34.29 Million	+367.09%
2024-12-31	CN¥50.16 Million ≈ $7.34 Million	+873.82%
2023-12-31	CN¥-6.48 Million ≈ $-948.63K	-108.54%
2022-12-31	CN¥75.95 Million ≈ $11.11 Million	+88.00%
2021-12-31	CN¥40.40 Million ≈ $5.91 Million	-82.52%
2020-12-31	CN¥231.11 Million ≈ $33.82 Million	-38.85%
2019-12-31	CN¥377.97 Million ≈ $55.31 Million	-34.42%
2018-12-31	CN¥576.36 Million ≈ $84.34 Million	-37.67%
2017-12-31	CN¥924.66 Million ≈ $135.31 Million	+0.87%
2016-12-31	CN¥916.66 Million ≈ $134.14 Million	-38.41%
2015-12-31	CN¥1.49 Billion ≈ $217.78 Million	+71.01%
2014-12-31	CN¥870.26 Million ≈ $127.35 Million	-31.11%
2013-12-31	CN¥1.26 Billion ≈ $184.85 Million	-4.43%
2012-12-31	CN¥1.32 Billion ≈ $193.42 Million	+17.74%
2011-12-31	CN¥1.12 Billion ≈ $164.27 Million	+1.79%
2010-12-31	CN¥1.10 Billion ≈ $161.39 Million	-10.65%
2009-12-31	CN¥1.23 Billion ≈ $180.61 Million	+56.95%
2008-12-31	CN¥786.42 Million ≈ $115.08 Million	+13.24%
2007-12-31	CN¥694.46 Million ≈ $101.62 Million	+19.02%
2006-12-31	CN¥583.49 Million ≈ $85.38 Million	+191.41%
2005-12-31	CN¥200.23 Million ≈ $29.30 Million	+44.66%
2004-12-31	CN¥138.42 Million ≈ $20.25 Million	+43.82%
2003-12-31	CN¥96.24 Million ≈ $14.08 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Coship Electronics 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 11201.5% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥1.87 Billion	675.28%
Total Equity	CN¥276.41 Million	100.00%

Shenzhen Coship Electronics Co Ltd Competitors by Market Cap

The table below lists competitors of Shenzhen Coship Electronics Co Ltd ranked by their market capitalization.

Company	Market Cap
Frequentis AG VI:FQT	$963.84 Million
Hanma Technology Group Co Ltd SHG:600375	$964.12 Million
Chengdu Spaceon Electronics Co Ltd Class A SHE:002935	$964.41 Million
Cardinal Infrastructure Group Inc. Class A Common Stock NASDAQ:CDNL	$964.53 Million
NCR Voyix Corporation NYSE:VYX	$963.27 Million
BlackRock Technology and Private Equity Term Trust NYSE:BTX	$962.86 Million
Jiangsu Zongyi Co Ltd SHG:600770	$962.57 Million
Permian Basin Royalty Trust NYSE:PBT	$962.47 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 87,079,501 to 276,413,816, a change of 189,334,315 (217.4%).
Net income of 180,220,238 contributed positively to equity growth.
Other comprehensive income decreased equity by 246,245,465.
Other factors increased equity by 255,359,542.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥180.22 Million	+65.2%
Other Comprehensive Income	CN¥-246.25 Million	-89.09%
Other Changes	CN¥255.36 Million	+92.38%
Total Change	CN¥-	217.43%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Coship Electronics 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: 23.82x
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 33.97x to 23.82x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	CN¥0.26	CN¥8.75	x
2004-12-31	CN¥0.37	CN¥8.75	x
2005-12-31	CN¥0.54	CN¥8.75	x
2006-12-31	CN¥1.11	CN¥8.75	x
2007-12-31	CN¥1.16	CN¥8.75	x
2008-12-31	CN¥1.34	CN¥8.75	x
2009-12-31	CN¥2.06	CN¥8.75	x
2010-12-31	CN¥1.61	CN¥8.75	x
2011-12-31	CN¥1.75	CN¥8.75	x
2012-12-31	CN¥1.94	CN¥8.75	x
2013-12-31	CN¥1.85	CN¥8.75	x
2014-12-31	CN¥1.27	CN¥8.75	x
2015-12-31	CN¥2.22	CN¥8.75	x
2016-12-31	CN¥1.23	CN¥8.75	x
2017-12-31	CN¥1.03	CN¥8.75	x
2018-12-31	CN¥0.77	CN¥8.75	x
2019-12-31	CN¥0.51	CN¥8.75	x
2020-12-31	CN¥0.31	CN¥8.75	x
2021-12-31	CN¥0.05	CN¥8.75	x
2022-12-31	CN¥0.11	CN¥8.75	x
2023-12-31	CN¥0.01	CN¥8.75	x
2024-12-31	CN¥0.11	CN¥8.75	x
2025-12-31	CN¥0.37	CN¥8.75	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Coship Electronics 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): 65.20%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 26.08%
• Asset Turnover: 1.24x
• Equity Multiplier: 2.02x
Recent ROE (65.20%) is above the historical average (-60.80%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	34.88%	9.18%	1.62x	2.34x	CN¥23.23 Million
2004	30.17%	5.82%	1.74x	2.97x	CN¥27.08 Million
2005	31.30%	7.07%	1.43x	3.10x	CN¥41.63 Million
2006	10.75%	5.77%	0.99x	1.89x	CN¥4.34 Million
2007	14.69%	5.45%	1.00x	2.70x	CN¥31.82 Million
2008	13.77%	5.15%	0.96x	2.77x	CN¥29.65 Million
2009	3.89%	2.41%	0.70x	2.30x	CN¥-75.36 Million
2010	-11.81%	-5.65%	0.74x	2.83x	CN¥-240.24 Million
2011	2.00%	1.12%	0.67x	2.66x	CN¥-89.82 Million
2012	10.19%	6.39%	0.66x	2.41x	CN¥2.52 Million
2013	2.70%	1.75%	0.59x	2.62x	CN¥-92.17 Million
2014	-47.89%	-26.02%	0.54x	3.43x	CN¥-503.78 Million
2015	4.51%	6.53%	0.34x	2.03x	CN¥-81.69 Million
2016	-66.59%	-108.32%	0.30x	2.08x	CN¥-702.05 Million
2017	0.97%	1.33%	0.37x	1.96x	CN¥-83.53 Million
2018	-57.42%	-41.46%	0.53x	2.60x	CN¥-388.56 Million
2019	-53.76%	-25.98%	0.82x	2.52x	CN¥-241.00 Million
2020	-66.53%	-53.30%	0.42x	3.00x	CN¥-176.87 Million
2021	-457.89%	-133.38%	0.29x	11.98x	CN¥-189.78 Million
2022	-56.65%	-18.67%	0.58x	5.26x	CN¥-55.97 Million
2023	-884.86%	-31.86%	0.60x	45.94x	CN¥-75.59 Million
2024	79.94%	11.61%	0.48x	14.24x	CN¥60.90 Million
2025	65.20%	26.08%	1.24x	2.02x	CN¥152.58 Million

Industry Comparison

This section compares Shenzhen Coship Electronics Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

Industry: Communication Equipment
Average net assets among peers: $7,532,303,223
Average return on equity (ROE) among peers: -7.38%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Coship Electronics Co Ltd (002052)	CN¥236.01 Million	34.88%	1.42x	$963.42 Million
ZTE Corp (000063)	$53.29 Billion	12.79%	2.17x	$20.05 Billion
Shenzhen SDG Information Co Ltd (000070)	$634.32 Million	0.30%	0.59x	$1.71 Billion
Addsino Co Ltd (000547)	$90.79 Million	5.45%	0.78x	$3.41 Billion
Sichuan Huiyuan Optical Com (000586)	$214.90 Million	2.38%	1.39x	$313.35 Million
PetroChina Jinhong Energy Investment Co Ltd (000669)	$366.30 Million	-60.83%	6.39x	$342.50 Million
Sichuan Jiuzhou Electronic Co Ltd (000801)	$868.98 Million	6.25%	1.43x	$1.74 Billion
Skyworth Digital Co Ltd (000810)	$6.37 Billion	9.45%	0.80x	$1.61 Billion
Gohigh Data Networks Technology Co Ltd (000851)	$3.50 Billion	-44.46%	1.37x	$64.38 Million
Sunwave Communications Co Ltd (002115)	$2.46 Billion	2.25%	0.78x	$1.34 Billion

About Shenzhen Coship Electronics Co Ltd

SHE:002052 China Communication Equipment

Market Cap

$963.42 Million

CN¥6.58 Billion CNY

Market Cap Rank

#8956 Global

#2158 in China

Share Price

CN¥8.75

Change (1 day)

-0.23%

52-Week Range

CN¥7.76 - CN¥20.25

All Time High

CN¥20.25