Wiscom System Co Ltd
Wiscom System Co., Ltd. engages in the smart energy and cities businesses in China. It provides urban development solutions comprising smart building, smart parks, safe cities, intelligent transportation, and smart heating network services to government, energy, public security, and enterprise users. The company is also involved in the power generation and new energy, transmission, transformation… Read more
Wiscom System Co Ltd (002090) - Net Assets
Latest net assets as of September 2025: CN¥1.52 Billion CNY
Based on the latest financial reports, Wiscom System Co Ltd (002090) has net assets worth CN¥1.52 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¥3.17 Billion) and total liabilities (CN¥1.65 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¥1.52 Billion |
| % of Total Assets | 48.08% |
| Annual Growth Rate | 13.33% |
| 5-Year Change | 7.66% |
| 10-Year Change | 24.12% |
| Growth Volatility | 38.99 |
Wiscom System Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Wiscom System 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 Wiscom System Co Ltd (2003–2024)
The table below shows the annual net assets of Wiscom System Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.50 Billion | +1.91% |
| 2023-12-31 | CN¥1.48 Billion | +17.03% |
| 2022-12-31 | CN¥1.26 Billion | -3.40% |
| 2021-12-31 | CN¥1.31 Billion | -6.55% |
| 2020-12-31 | CN¥1.40 Billion | +3.23% |
| 2019-12-31 | CN¥1.35 Billion | +0.95% |
| 2018-12-31 | CN¥1.34 Billion | +4.74% |
| 2017-12-31 | CN¥1.28 Billion | -5.70% |
| 2016-12-31 | CN¥1.36 Billion | +12.00% |
| 2015-12-31 | CN¥1.21 Billion | +51.44% |
| 2014-12-31 | CN¥799.98 Million | +21.48% |
| 2013-12-31 | CN¥658.55 Million | +9.43% |
| 2012-12-31 | CN¥601.78 Million | +5.81% |
| 2011-12-31 | CN¥568.73 Million | +5.26% |
| 2010-12-31 | CN¥540.33 Million | +16.81% |
| 2009-12-31 | CN¥462.57 Million | +6.04% |
| 2008-12-31 | CN¥436.23 Million | +5.81% |
| 2007-12-31 | CN¥412.26 Million | +4.21% |
| 2006-12-31 | CN¥395.60 Million | +182.56% |
| 2005-12-31 | CN¥140.01 Million | +3.27% |
| 2004-12-31 | CN¥135.58 Million | +24.81% |
| 2003-12-31 | CN¥108.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wiscom System 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 2396.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥962.99 Million | 64.03% |
| Common Stock | CN¥400.58 Million | 26.64% |
| Other Comprehensive Income | CN¥128.47 Million | 8.54% |
| Other Components | CN¥11.85 Million | 0.79% |
| Total Equity | CN¥1.50 Billion | 100.00% |
Wiscom System Co Ltd Competitors by Market Cap
The table below lists competitors of Wiscom System Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
HannStar Board Corp
TW:5469
|
$628.69 Million |
|
Manchester United Ltd
NYSE:MANU
|
$628.92 Million |
|
Heritage Insurance Hldgs Inc
NYSE:HRTG
|
$629.33 Million |
|
Jiangsu Yawei Machine Tool Co Ltd
SHE:002559
|
$629.53 Million |
|
Sichuan Anning Iron and Titanium Co
SHE:002978
|
$628.02 Million |
|
Zhejiang Huangma Technology Co Ltd
SHG:603181
|
$627.98 Million |
|
HELLENiQ ENERGY Holdings S.A.
PINK:HLPXF
|
$627.93 Million |
|
NXAGF
PINK:NXAGF
|
$627.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wiscom System Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,461,663,080 to 1,503,887,028, a change of 42,223,948 (2.9%).
- Net income of 72,267,226 contributed positively to equity growth.
- Dividend payments of 35,835,465 reduced retained earnings.
- Other comprehensive income increased equity by 3,235,604.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥72.27 Million | +4.81% |
| Dividends Paid | CN¥35.84 Million | -2.38% |
| Other Comprehensive Income | CN¥3.24 Million | +0.22% |
| Other Changes | CN¥2.56 Million | +0.17% |
| Total Change | CN¥- | 2.89% |
Book Value vs Market Value Analysis
This analysis compares Wiscom System 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: 3.13x
- 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 17.13x to 3.13x 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¥0.69 | CN¥11.75 | x |
| 2004-12-31 | CN¥0.84 | CN¥11.75 | x |
| 2005-12-31 | CN¥1.07 | CN¥11.75 | x |
| 2006-12-31 | CN¥1.46 | CN¥11.75 | x |
| 2007-12-31 | CN¥1.18 | CN¥11.75 | x |
| 2008-12-31 | CN¥1.24 | CN¥11.75 | x |
| 2009-12-31 | CN¥1.33 | CN¥11.75 | x |
| 2010-12-31 | CN¥1.42 | CN¥11.75 | x |
| 2011-12-31 | CN¥1.50 | CN¥11.75 | x |
| 2012-12-31 | CN¥1.59 | CN¥11.75 | x |
| 2013-12-31 | CN¥1.71 | CN¥11.75 | x |
| 2014-12-31 | CN¥2.01 | CN¥11.75 | x |
| 2015-12-31 | CN¥2.84 | CN¥11.75 | x |
| 2016-12-31 | CN¥2.98 | CN¥11.75 | x |
| 2017-12-31 | CN¥2.91 | CN¥11.75 | x |
| 2018-12-31 | CN¥3.05 | CN¥11.75 | x |
| 2019-12-31 | CN¥3.22 | CN¥11.75 | x |
| 2020-12-31 | CN¥3.31 | CN¥11.75 | x |
| 2021-12-31 | CN¥3.30 | CN¥11.75 | x |
| 2022-12-31 | CN¥3.28 | CN¥11.75 | x |
| 2023-12-31 | CN¥3.68 | CN¥11.75 | x |
| 2024-12-31 | CN¥3.75 | CN¥11.75 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wiscom System 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): 4.81%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.08%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.01x
- Recent ROE (4.81%) is below the historical average (11.39%), 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 | 25.48% | 9.22% | 1.26x | 2.19x | CN¥13.56 Million |
| 2004 | 24.96% | 7.52% | 1.21x | 2.74x | CN¥15.98 Million |
| 2005 | 27.23% | 11.62% | 1.05x | 2.23x | CN¥23.47 Million |
| 2006 | 11.66% | 14.14% | 0.56x | 1.47x | CN¥6.49 Million |
| 2007 | 11.91% | 13.63% | 0.54x | 1.63x | CN¥7.80 Million |
| 2008 | 11.42% | 12.48% | 0.65x | 1.40x | CN¥6.14 Million |
| 2009 | 10.90% | 11.17% | 0.62x | 1.57x | CN¥4.16 Million |
| 2010 | 9.95% | 7.40% | 0.68x | 1.97x | CN¥-252.64K |
| 2011 | 7.78% | 5.27% | 0.75x | 1.97x | CN¥-11.53 Million |
| 2012 | 7.59% | 5.09% | 0.68x | 2.18x | CN¥-13.29 Million |
| 2013 | 9.88% | 5.61% | 0.68x | 2.58x | CN¥-712.02K |
| 2014 | 14.90% | 9.11% | 0.71x | 2.29x | CN¥35.33 Million |
| 2015 | 12.12% | 10.50% | 0.47x | 2.46x | CN¥22.81 Million |
| 2016 | 9.19% | 5.83% | 0.49x | 3.21x | CN¥-9.63 Million |
| 2017 | 13.06% | 6.66% | 0.58x | 3.38x | CN¥35.92 Million |
| 2018 | 7.47% | 5.49% | 0.43x | 3.14x | CN¥-31.20 Million |
| 2019 | 7.43% | 4.87% | 0.54x | 2.83x | CN¥-33.48 Million |
| 2020 | 4.86% | 3.50% | 0.53x | 2.60x | CN¥-68.94 Million |
| 2021 | 11.55% | 8.84% | 0.66x | 1.99x | CN¥19.47 Million |
| 2022 | 2.40% | 1.96% | 0.59x | 2.09x | CN¥-94.88 Million |
| 2023 | 4.14% | 3.74% | 0.55x | 2.00x | CN¥-85.67 Million |
| 2024 | 4.81% | 4.08% | 0.59x | 2.01x | CN¥-78.12 Million |
Industry Comparison
This section compares Wiscom System Co Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,602,499,011
- Average return on equity (ROE) among peers: 6.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wiscom System Co Ltd (002090) | CN¥1.52 Billion | 25.48% | 1.08x | $628.57 Million |
| Eastcompeace Technology Co Ltd (002017) | $646.56 Million | 5.49% | 0.83x | $920.25 Million |
| Topsec Technologies Group Inc (002212) | $1.71 Billion | 2.92% | 0.70x | $1.14 Billion |
| Focus Technology Co Ltd (002315) | $2.53 Billion | 17.80% | 0.66x | $907.07 Million |
| Beijing Venustech Inc (002439) | $1.80 Billion | 13.57% | 0.57x | $1.30 Billion |
| Maxvision Technology Corp (002990) | $2.09 Billion | 4.61% | 0.45x | $351.49 Million |
| Wangsu Science Tech (300017) | $708.43 Million | 5.48% | 0.03x | $4.01 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $3.53 Billion | 1.14% | 0.78x | $943.57 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $515.68 Million | 4.04% | 0.03x | $2.36 Billion |
| TIZA Information Industry Corporation Inc (300209) | $887.96 Million | 6.39% | 0.45x | $1.08 Billion |