Wiscom System Co Ltd (002090) - Net Assets

Latest as of March 2026: CN¥1.57 Billion CNY ≈ $229.16 Million USD

Based on the latest financial reports, Wiscom System Co Ltd (002090) has net assets worth CN¥1.57 Billion CNY (≈ $229.16 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¥3.01 Billion ≈ $441.13 Million USD) and total liabilities (CN¥1.45 Billion ≈ $211.97 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 002090 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.57 Billion
% of Total Assets	51.95%
Annual Growth Rate	12.82%
5-Year Change	18.31%
10-Year Change	13.8%
Growth Volatility	38.22

Wiscom System Co Ltd - Net Assets Trend (2003–2025)

This chart illustrates how Wiscom System Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002090 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Wiscom System Co Ltd (2003–2025)

The table below shows the annual net assets of Wiscom System Co Ltd from 2003 to 2025. For live valuation and market cap data, see Wiscom System Co Ltd (002090) total market value.

Year	Net Assets	Change
2025-12-31	CN¥1.54 Billion ≈ $225.97 Million	+2.70%
2024-12-31	CN¥1.50 Billion ≈ $220.04 Million	+1.91%
2023-12-31	CN¥1.48 Billion ≈ $215.92 Million	+17.03%
2022-12-31	CN¥1.26 Billion ≈ $184.50 Million	-3.40%
2021-12-31	CN¥1.31 Billion ≈ $190.99 Million	-6.55%
2020-12-31	CN¥1.40 Billion ≈ $204.39 Million	+3.23%
2019-12-31	CN¥1.35 Billion ≈ $197.99 Million	+0.95%
2018-12-31	CN¥1.34 Billion ≈ $196.13 Million	+4.74%
2017-12-31	CN¥1.28 Billion ≈ $187.25 Million	-5.70%
2016-12-31	CN¥1.36 Billion ≈ $198.56 Million	+12.00%
2015-12-31	CN¥1.21 Billion ≈ $177.28 Million	+51.44%
2014-12-31	CN¥799.98 Million ≈ $117.06 Million	+21.48%
2013-12-31	CN¥658.55 Million ≈ $96.37 Million	+9.43%
2012-12-31	CN¥601.78 Million ≈ $88.06 Million	+5.81%
2011-12-31	CN¥568.73 Million ≈ $83.22 Million	+5.26%
2010-12-31	CN¥540.33 Million ≈ $79.07 Million	+16.81%
2009-12-31	CN¥462.57 Million ≈ $67.69 Million	+6.04%
2008-12-31	CN¥436.23 Million ≈ $63.83 Million	+5.81%
2007-12-31	CN¥412.26 Million ≈ $60.33 Million	+4.21%
2006-12-31	CN¥395.60 Million ≈ $57.89 Million	+182.56%
2005-12-31	CN¥140.01 Million ≈ $20.49 Million	+3.27%
2004-12-31	CN¥135.58 Million ≈ $19.84 Million	+24.81%
2003-12-31	CN¥108.63 Million ≈ $15.90 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 2495.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.00 Billion	64.81%
Other Components	CN¥543.68 Million	35.19%
Total Equity	CN¥1.54 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
SHANGHAI JUNSHI BIO YC1 F:8SJ	$541.68 Million
Kforce Inc. NASDAQ:KFRC	$541.69 Million
Invesco Municipal Trust NYSE:VKQ	$541.73 Million
Beyond, Inc. NASDAQ:BYON	$541.91 Million
Ipek Dogal Enerji Kaynaklari Arastirma ve Uretim AS IS:IPEKE	$541.41 Million
Oxford Industries Inc NYSE:OXM	$541.39 Million
Hangzhou Landscape Architecture Design Institute Co Ltd SHE:300649	$541.39 Million
iQIYI Inc NASDAQ:IQ	$541.19 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 2024 to 2025, total equity changed from 1,503,887,028 to 1,544,823,146, a change of 40,936,118 (2.7%).
Net income of 66,021,370 contributed positively to equity growth.
Dividend payments of 28,995,467 reduced retained earnings.
Other comprehensive income decreased equity by 128,471,931.
Other factors increased equity by 132,382,146.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥66.02 Million	+4.27%
Dividends Paid	CN¥29.00 Million	-1.88%
Other Comprehensive Income	CN¥-128.47 Million	-8.32%
Other Changes	CN¥132.38 Million	+8.57%
Total Change	CN¥-	2.72%

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: 2.40x
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 13.47x to 2.40x 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¥9.24	x
2004-12-31	CN¥0.84	CN¥9.24	x
2005-12-31	CN¥1.07	CN¥9.24	x
2006-12-31	CN¥1.46	CN¥9.24	x
2007-12-31	CN¥1.18	CN¥9.24	x
2008-12-31	CN¥1.24	CN¥9.24	x
2009-12-31	CN¥1.33	CN¥9.24	x
2010-12-31	CN¥1.42	CN¥9.24	x
2011-12-31	CN¥1.50	CN¥9.24	x
2012-12-31	CN¥1.59	CN¥9.24	x
2013-12-31	CN¥1.71	CN¥9.24	x
2014-12-31	CN¥2.01	CN¥9.24	x
2015-12-31	CN¥2.84	CN¥9.24	x
2016-12-31	CN¥2.98	CN¥9.24	x
2017-12-31	CN¥2.91	CN¥9.24	x
2018-12-31	CN¥3.05	CN¥9.24	x
2019-12-31	CN¥3.22	CN¥9.24	x
2020-12-31	CN¥3.31	CN¥9.24	x
2021-12-31	CN¥3.23	CN¥9.24	x
2022-12-31	CN¥3.28	CN¥9.24	x
2023-12-31	CN¥3.68	CN¥9.24	x
2024-12-31	CN¥3.74	CN¥9.24	x
2025-12-31	CN¥3.86	CN¥9.24	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): 4.27%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.23%
• Asset Turnover: 0.49x
• Equity Multiplier: 2.05x
Recent ROE (4.27%) is below the historical average (11.09%), 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	7.56%	4.88%	0.55x	2.83x	CN¥-31.82 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
2025	4.27%	4.23%	0.49x	2.05x	CN¥-88.46 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: $3,381,723,746
Average return on equity (ROE) among peers: 1.85%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wiscom System Co Ltd (002090)	CN¥1.57 Billion	25.48%	0.92x	$541.62 Million
Eastcompeace Technology Co Ltd (002017)	$1.40 Billion	2.82%	0.50x	$1.36 Billion
Topsec Technologies Group Inc (002212)	$9.45 Billion	-3.93%	0.19x	$1.06 Billion
Focus Technology Co Ltd (002315)	$2.02 Billion	7.77%	0.21x	$1.15 Billion
Beijing Venustech Inc (002439)	$7.41 Billion	8.45%	0.35x	$2.30 Billion
Maxvision Technology Corp (002990)	$1.89 Billion	11.89%	0.31x	$2.14 Billion
Wangsu Science Tech (300017)	$870.45 Million	11.92%	0.13x	$5.36 Billion
Shenzhen Tianyuan Dic Info Tech (300047)	$2.91 Billion	5.35%	0.41x	$922.96 Million
Shenzhen InfoGem Technologies Co Ltd (300085)	$1.37 Billion	0.36%	0.52x	$2.79 Billion
TIZA Information Industry Corporation Inc (300209)	$3.11 Billion	-28.00%	0.46x	$3.90 Billion

About Wiscom System Co Ltd

SHE:002090 China Software - Infrastructure

Market Cap

$541.62 Million

CN¥3.70 Billion CNY

Market Cap Rank

#11957 Global

#3465 in China

Share Price

CN¥9.24

Change (1 day)

-0.54%

52-Week Range

CN¥9.04 - CN¥13.29

All Time High

CN¥23.24