Shenzhen Coship Electronics Co Ltd (002052) - Net Assets

Latest as of September 2025: CN¥294.41 Million CNY ≈ $43.08 Million USD

Based on the latest financial reports, Shenzhen Coship Electronics Co Ltd (002052) has net assets worth CN¥294.41 Million CNY (≈ $43.08 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥668.07 Million ≈ $97.76 Million USD) and total liabilities (CN¥373.66 Million ≈ $54.68 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 Shenzhen Coship Electronics Co Ltd (002052) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥294.41 Million
% of Total Assets	44.07%
Annual Growth Rate	-3.05%
5-Year Change	-78.29%
10-Year Change	-96.63%
Growth Volatility	63.8

Shenzhen Coship Electronics Co Ltd - Net Assets Trend (2003–2024)

This chart illustrates how Shenzhen Coship Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Shenzhen Coship Electronics Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for Shenzhen Coship Electronics Co Ltd (2003–2024)

The table below shows the annual net assets of Shenzhen Coship Electronics Co Ltd from 2003 to 2024. For live valuation and market cap data, see Shenzhen Coship Electronics Co Ltd market cap and net worth.

Year	Net Assets	Change
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 12459.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥745.96 Million	856.64%
Other Comprehensive Income	CN¥246.25 Million	282.78%
Other Components	CN¥865.26 Million	993.64%
Total Equity	CN¥87.08 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
Upbound Group Inc. NASDAQ:UPBD	$1.11 Billion
NCC Limited NSE:NCC	$1.11 Billion
SINOPEC Engineering (Group) Co. Ltd F:1NS	$1.11 Billion
Indika Energy Tbk JK:INDY	$1.11 Billion
Wangneng Environment Co Ltd SHE:002034	$1.11 Billion
POLESTAR AUTO.ADR/A F:A4N1	$1.11 Billion
Holy Stone Enterprise Co Ltd TW:3026	$1.11 Billion
Safety Insurance Group Inc NASDAQ:SAFT	$1.11 Billion

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 2023 to 2024, total equity changed from 8,447,504 to 87,079,501, a change of 78,631,997 (930.8%).
Net income of 69,609,444 contributed positively to equity growth.
Dividend payments of 18,792 reduced retained earnings.
Other comprehensive income increased equity by 9,022,559.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥69.61 Million	+79.94%
Dividends Paid	CN¥18.79K	-0.02%
Other Comprehensive Income	CN¥9.02 Million	+10.36%
Other Changes	CN¥18.79K	+0.02%
Total Change	CN¥-	930.83%

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: 89.62x
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 increased from 39.17x to 89.62x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2003-12-31	CN¥0.26	CN¥10.09	x
2004-12-31	CN¥0.37	CN¥10.09	x
2005-12-31	CN¥0.54	CN¥10.09	x
2006-12-31	CN¥1.11	CN¥10.09	x
2007-12-31	CN¥1.16	CN¥10.09	x
2008-12-31	CN¥1.34	CN¥10.09	x
2009-12-31	CN¥2.06	CN¥10.09	x
2010-12-31	CN¥1.61	CN¥10.09	x
2011-12-31	CN¥1.75	CN¥10.09	x
2012-12-31	CN¥1.96	CN¥10.09	x
2013-12-31	CN¥1.85	CN¥10.09	x
2014-12-31	CN¥1.27	CN¥10.09	x
2015-12-31	CN¥2.09	CN¥10.09	x
2016-12-31	CN¥1.23	CN¥10.09	x
2017-12-31	CN¥1.39	CN¥10.09	x
2018-12-31	CN¥0.77	CN¥10.09	x
2019-12-31	CN¥0.51	CN¥10.09	x
2020-12-31	CN¥0.31	CN¥10.09	x
2021-12-31	CN¥0.05	CN¥10.09	x
2022-12-31	CN¥0.11	CN¥10.09	x
2023-12-31	CN¥0.01	CN¥10.09	x
2024-12-31	CN¥0.11	CN¥10.09	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): 79.94%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.61%
• Asset Turnover: 0.48x
• Equity Multiplier: 14.24x
Recent ROE (79.94%) is above the historical average (-66.53%), 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

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: $6,042,576,715
Average return on equity (ROE) among peers: 6.31%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Coship Electronics Co Ltd (002052)	CN¥294.41 Million	34.88%	1.27x	$1.11 Billion
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
Gohigh Data Networks Technology Co Ltd (000851)	$2.78 Billion	2.03%	1.22x	$64.38 Million
Sunwave Communications Co Ltd (002115)	$2.43 Billion	5.61%	0.88x	$1.71 Billion

About Shenzhen Coship Electronics Co Ltd

SHE:002052 China Communication Equipment

Market Cap

$1.11 Billion

CN¥7.59 Billion CNY

Market Cap Rank

#8660 Global

#2273 in China

Share Price

CN¥10.09

Change (1 day)

+6.21%

52-Week Range

CN¥8.41 - CN¥20.25

All Time High

CN¥20.25