Dhc Software Co Ltd
DHC Software Co.,Ltd. provides application software development, computer information system integration, and information technology services in China. The company offers smart hospital, health, elderly care, and medical insurance, as well as internet healthcare products. It also provides financial products and solutions for banks, trusts, consumer finance companies, finance companies, rental com… Read more
Dhc Software Co Ltd (002065) - Net Assets
Latest net assets as of September 2025: CN¥12.65 Billion CNY
Based on the latest financial reports, Dhc Software Co Ltd (002065) has net assets worth CN¥12.65 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¥25.81 Billion) and total liabilities (CN¥13.16 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¥12.65 Billion |
| % of Total Assets | 49.01% |
| Annual Growth Rate | 25.63% |
| 5-Year Change | 24.2% |
| 10-Year Change | 44.57% |
| Growth Volatility | 39.93 |
Dhc Software Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Dhc Software 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 Dhc Software Co Ltd (2003–2024)
The table below shows the annual net assets of Dhc Software Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥12.45 Billion | +3.66% |
| 2023-12-31 | CN¥12.01 Billion | +4.64% |
| 2022-12-31 | CN¥11.48 Billion | +3.33% |
| 2021-12-31 | CN¥11.11 Billion | +10.81% |
| 2020-12-31 | CN¥10.02 Billion | +4.42% |
| 2019-12-31 | CN¥9.60 Billion | +3.54% |
| 2018-12-31 | CN¥9.27 Billion | +2.77% |
| 2017-12-31 | CN¥9.02 Billion | +1.29% |
| 2016-12-31 | CN¥8.91 Billion | +3.43% |
| 2015-12-31 | CN¥8.61 Billion | +36.79% |
| 2014-12-31 | CN¥6.29 Billion | +69.47% |
| 2013-12-31 | CN¥3.71 Billion | +34.29% |
| 2012-12-31 | CN¥2.77 Billion | +21.98% |
| 2011-12-31 | CN¥2.27 Billion | +44.13% |
| 2010-12-31 | CN¥1.57 Billion | +21.39% |
| 2009-12-31 | CN¥1.30 Billion | +19.62% |
| 2008-12-31 | CN¥1.08 Billion | +67.93% |
| 2007-12-31 | CN¥645.21 Million | +14.98% |
| 2006-12-31 | CN¥561.16 Million | +183.48% |
| 2005-12-31 | CN¥197.95 Million | +36.37% |
| 2004-12-31 | CN¥145.16 Million | +40.51% |
| 2003-12-31 | CN¥103.31 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Dhc Software 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 grown by 12047.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.97 Billion | 41.42% |
| Common Stock | CN¥3.21 Billion | 26.69% |
| Other Comprehensive Income | CN¥912.15 Million | 7.59% |
| Other Components | CN¥2.92 Billion | 24.30% |
| Total Equity | CN¥12.01 Billion | 100.00% |
Dhc Software Co Ltd Competitors by Market Cap
The table below lists competitors of Dhc Software Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CVB Financial Corporation
NASDAQ:CVBF
|
$2.40 Billion |
|
Clariant AG
PINK:CLZNF
|
$2.40 Billion |
|
PennyMac Finl Svcs Inc
NYSE:PFSI
|
$2.40 Billion |
|
Maruwa Co.,Ltd.
PINK:MAWAF
|
$2.40 Billion |
|
DRDGOLD Limited
F:DUBA
|
$2.40 Billion |
|
Inventrust Properties Corp
NYSE:IVT
|
$2.40 Billion |
|
LG Display
KO:034220
|
$2.40 Billion |
|
Vishal Mega Mart Ord Shs
NSE:VMM
|
$2.40 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dhc Software Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,480,590,261 to 12,010,461,186, a change of 529,870,925 (4.6%).
- Net income of 499,706,781 contributed positively to equity growth.
- Dividend payments of 320,055,801 reduced retained earnings.
- Other comprehensive income increased equity by 908,469,351.
- Other factors decreased equity by 558,249,406.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥499.71 Million | +4.16% |
| Dividends Paid | CN¥320.06 Million | -2.66% |
| Other Comprehensive Income | CN¥908.47 Million | +7.56% |
| Other Changes | CN¥-558.25 Million | -4.65% |
| Total Change | CN¥- | 4.62% |
Book Value vs Market Value Analysis
This analysis compares Dhc Software 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: 2.32x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 137.97x to 2.32x 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¥0.06 | CN¥8.69 | x |
| 2004-12-31 | CN¥0.09 | CN¥8.69 | x |
| 2005-12-31 | CN¥0.12 | CN¥8.69 | x |
| 2006-12-31 | CN¥0.32 | CN¥8.69 | x |
| 2007-12-31 | CN¥0.27 | CN¥8.69 | x |
| 2008-12-31 | CN¥0.41 | CN¥8.69 | x |
| 2009-12-31 | CN¥0.48 | CN¥8.69 | x |
| 2010-12-31 | CN¥0.59 | CN¥8.69 | x |
| 2011-12-31 | CN¥0.83 | CN¥8.69 | x |
| 2012-12-31 | CN¥1.00 | CN¥8.69 | x |
| 2013-12-31 | CN¥1.34 | CN¥8.69 | x |
| 2014-12-31 | CN¥2.11 | CN¥8.69 | x |
| 2015-12-31 | CN¥2.75 | CN¥8.69 | x |
| 2016-12-31 | CN¥2.80 | CN¥8.69 | x |
| 2017-12-31 | CN¥2.83 | CN¥8.69 | x |
| 2018-12-31 | CN¥2.93 | CN¥8.69 | x |
| 2019-12-31 | CN¥3.06 | CN¥8.69 | x |
| 2020-12-31 | CN¥3.18 | CN¥8.69 | x |
| 2021-12-31 | CN¥3.41 | CN¥8.69 | x |
| 2022-12-31 | CN¥3.48 | CN¥8.69 | x |
| 2023-12-31 | CN¥3.58 | CN¥8.69 | x |
| 2024-12-31 | CN¥3.75 | CN¥8.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dhc Software 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): 4.16%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.75%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 2.04x
- Recent ROE (4.16%) is below the historical average (14.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 35.83% | 17.05% | 0.88x | 2.38x | CN¥26.68 Million |
| 2004 | 27.99% | 12.59% | 1.00x | 2.22x | CN¥26.11 Million |
| 2005 | 29.37% | 12.66% | 1.00x | 2.33x | CN¥38.34 Million |
| 2006 | 12.91% | 11.94% | 0.67x | 1.62x | CN¥16.31 Million |
| 2007 | 14.69% | 11.87% | 0.73x | 1.70x | CN¥30.24 Million |
| 2008 | 16.40% | 15.33% | 0.62x | 1.72x | CN¥69.36 Million |
| 2009 | 18.60% | 15.56% | 0.78x | 1.53x | CN¥111.42 Million |
| 2010 | 20.20% | 17.09% | 0.78x | 1.51x | CN¥160.26 Million |
| 2011 | 18.57% | 16.28% | 0.77x | 1.48x | CN¥194.22 Million |
| 2012 | 20.58% | 16.30% | 0.87x | 1.45x | CN¥292.58 Million |
| 2013 | 20.75% | 17.43% | 0.74x | 1.62x | CN¥399.43 Million |
| 2014 | 16.52% | 20.09% | 0.65x | 1.26x | CN¥409.86 Million |
| 2015 | 13.43% | 20.28% | 0.50x | 1.31x | CN¥291.50 Million |
| 2016 | 10.24% | 13.89% | 0.52x | 1.42x | CN¥21.39 Million |
| 2017 | 7.46% | 9.11% | 0.52x | 1.59x | CN¥-225.68 Million |
| 2018 | 8.79% | 9.52% | 0.53x | 1.74x | CN¥-111.09 Million |
| 2019 | 6.13% | 6.60% | 0.53x | 1.77x | CN¥-368.68 Million |
| 2020 | 5.55% | 6.00% | 0.49x | 1.90x | CN¥-441.07 Million |
| 2021 | 4.21% | 4.22% | 0.52x | 1.93x | CN¥-632.40 Million |
| 2022 | 3.59% | 3.38% | 0.53x | 1.99x | CN¥-715.03 Million |
| 2023 | 3.82% | 3.80% | 0.49x | 2.06x | CN¥-709.63 Million |
| 2024 | 4.16% | 3.75% | 0.54x | 2.04x | CN¥-701.34 Million |
Industry Comparison
This section compares Dhc Software Co Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $2,430,699,065
- Average return on equity (ROE) among peers: 11.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dhc Software Co Ltd (002065) | CN¥12.65 Billion | 35.83% | 1.04x | $2.40 Billion |
| Digital China Information Service Co Ltd (000555) | $-125.57 Million | 0.00% | 0.00x | $1.17 Billion |
| Fujian Newland Computer Co Ltd (000997) | $6.71 Billion | 14.96% | 0.97x | $2.06 Billion |
| YGSOFT Inc (002063) | $2.10 Billion | 8.22% | 0.19x | $1.26 Billion |
| Zhejiang Netsun Co Ltd (002095) | $1.07 Billion | 1.80% | 0.22x | $322.94 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $51.79 Million | 15.64% | 0.90x | $953.24 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $1.13 Billion | 23.47% | 0.16x | $1.00 Billion |
| Shanghai 2345 Network Holding Group (002195) | $10.18 Billion | 7.45% | 0.12x | $6.64 Billion |
| Iflytek Co Ltd (002230) | $599.04 Million | 13.40% | 0.22x | $12.29 Billion |
| Wisesoft Co Ltd (002253) | $171.84 Million | 15.22% | 0.51x | $265.79 Million |