San Bian Science & Technology Co Ltd (002112) - Net Assets

Latest as of September 2025: CN¥870.83 Million CNY ≈ $127.43 Million USD

Based on the latest financial reports, San Bian Science & Technology Co Ltd (002112) has net assets worth CN¥870.83 Million CNY (≈ $127.43 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¥2.30 Billion ≈ $335.98 Million USD) and total liabilities (CN¥1.43 Billion ≈ $208.55 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 002112 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥870.83 Million
% of Total Assets	37.93%
Annual Growth Rate	8.71%
5-Year Change	65.16%
10-Year Change	35.49%
Growth Volatility	25.91

San Bian Science & Technology Co Ltd - Net Assets Trend (2003–2024)

This chart illustrates how San Bian Science & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of San Bian Science & Technology Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for San Bian Science & Technology Co Ltd (2003–2024)

The table below shows the annual net assets of San Bian Science & Technology Co Ltd from 2003 to 2024. For live valuation and market cap data, see San Bian Science & Technology Co Ltd (002112) market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥656.34 Million ≈ $96.04 Million	+21.55%
2023-12-31	CN¥539.99 Million ≈ $79.02 Million	+19.34%
2022-12-31	CN¥452.50 Million ≈ $66.21 Million	+8.49%
2021-12-31	CN¥417.10 Million ≈ $61.03 Million	+4.96%
2020-12-31	CN¥397.40 Million ≈ $58.15 Million	+4.50%
2019-12-31	CN¥380.27 Million ≈ $55.65 Million	-1.10%
2018-12-31	CN¥384.50 Million ≈ $56.26 Million	+1.66%
2017-12-31	CN¥378.22 Million ≈ $55.35 Million	-25.17%
2016-12-31	CN¥505.41 Million ≈ $73.96 Million	+4.34%
2015-12-31	CN¥484.41 Million ≈ $70.88 Million	+0.71%
2014-12-31	CN¥480.99 Million ≈ $70.38 Million	+4.09%
2013-12-31	CN¥462.07 Million ≈ $67.61 Million	+3.89%
2012-12-31	CN¥444.77 Million ≈ $65.08 Million	+1.34%
2011-12-31	CN¥438.90 Million ≈ $64.22 Million	-7.69%
2010-12-31	CN¥475.46 Million ≈ $69.58 Million	+9.09%
2009-12-31	CN¥435.83 Million ≈ $63.78 Million	+9.39%
2008-12-31	CN¥398.42 Million ≈ $58.30 Million	+4.72%
2007-12-31	CN¥380.48 Million ≈ $55.68 Million	+117.82%
2006-12-31	CN¥174.68 Million ≈ $25.56 Million	+18.11%
2005-12-31	CN¥147.89 Million ≈ $21.64 Million	+20.28%
2004-12-31	CN¥122.95 Million ≈ $17.99 Million	+8.28%
2003-12-31	CN¥113.56 Million ≈ $16.62 Million	--

Equity Component Analysis

This analysis shows how different components contribute to San Bian Science & Technology 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 1729.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥332.44 Million	50.65%
Common Stock	CN¥262.08 Million	39.93%
Other Comprehensive Income	CN¥55.28 Million	8.42%
Other Components	CN¥6.53 Million	1.00%
Total Equity	CN¥656.34 Million	100.00%

San Bian Science & Technology Co Ltd Competitors by Market Cap

The table below lists competitors of San Bian Science & Technology Co Ltd ranked by their market capitalization.

Company	Market Cap
Hangzhou Huaguang Advanced Welding Materials Co Ltd SHG:688379	$866.87 Million
JBG SMITH Properties NYSE:JBGS	$867.18 Million
Scholastic Corporation NASDAQ:SCHL	$867.31 Million
Neurones PA:NRO	$867.52 Million
Five Star Bancorp NASDAQ:FSBC	$866.59 Million
Synsam AB ST:SYNSAM	$866.56 Million
Aprogen KIC Inc KO:007460	$866.49 Million
Smarter Microelectronics (Guangzhou) Co. Ltd. A SHG:688512	$866.22 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in San Bian Science & Technology Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 539,992,207 to 656,338,886, a change of 116,346,679 (21.5%).
Net income of 120,771,220 contributed positively to equity growth.
Dividend payments of 38,746,281 reduced retained earnings.
Other comprehensive income increased equity by 55,284,006.
Other factors decreased equity by 20,962,266.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥120.77 Million	+18.4%
Dividends Paid	CN¥38.75 Million	-5.9%
Other Comprehensive Income	CN¥55.28 Million	+8.42%
Other Changes	CN¥-20.96 Million	-3.19%
Total Change	CN¥-	21.55%

Book Value vs Market Value Analysis

This analysis compares San Bian Science & Technology 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: 8.04x
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 26.80x to 8.04x 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¥0.75	CN¥20.14	x
2004-12-31	CN¥0.81	CN¥20.14	x
2005-12-31	CN¥0.98	CN¥20.14	x
2006-12-31	CN¥0.90	CN¥20.14	x
2007-12-31	CN¥1.53	CN¥20.14	x
2008-12-31	CN¥1.52	CN¥20.14	x
2009-12-31	CN¥1.68	CN¥20.14	x
2010-12-31	CN¥1.80	CN¥20.14	x
2011-12-31	CN¥1.70	CN¥20.14	x
2012-12-31	CN¥1.75	CN¥20.14	x
2013-12-31	CN¥1.82	CN¥20.14	x
2014-12-31	CN¥1.76	CN¥20.14	x
2015-12-31	CN¥1.93	CN¥20.14	x
2016-12-31	CN¥2.22	CN¥20.14	x
2017-12-31	CN¥1.45	CN¥20.14	x
2018-12-31	CN¥1.41	CN¥20.14	x
2019-12-31	CN¥1.45	CN¥20.14	x
2020-12-31	CN¥1.52	CN¥20.14	x
2021-12-31	CN¥1.59	CN¥20.14	x
2022-12-31	CN¥1.73	CN¥20.14	x
2023-12-31	CN¥2.05	CN¥20.14	x
2024-12-31	CN¥2.50	CN¥20.14	x

Capital Efficiency Dashboard

This dashboard shows how efficiently San Bian Science & Technology 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): 18.40%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.55%
• Asset Turnover: 1.01x
• Equity Multiplier: 3.28x
Recent ROE (18.40%) is above the historical average (6.11%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2003	18.71%	5.52%	1.07x	3.17x	CN¥9.89 Million
2004	19.80%	5.04%	1.19x	3.30x	CN¥12.05 Million
2005	16.65%	3.72%	1.27x	3.53x	CN¥9.84 Million
2006	15.02%	3.50%	1.33x	3.23x	CN¥8.77 Million
2007	6.96%	2.79%	1.12x	2.23x	CN¥-11.57 Million
2008	5.91%	2.14%	0.96x	2.87x	CN¥-16.30 Million
2009	9.13%	3.65%	0.89x	2.81x	CN¥-3.78 Million
2010	9.28%	5.05%	0.71x	2.57x	CN¥-3.43 Million
2011	-7.31%	-3.11%	0.90x	2.60x	CN¥-75.98 Million
2012	1.32%	0.70%	0.80x	2.35x	CN¥-38.60 Million
2013	4.23%	2.12%	0.85x	2.34x	CN¥-26.67 Million
2014	3.50%	1.81%	0.71x	2.73x	CN¥-30.97 Million
2015	1.99%	1.04%	0.65x	2.96x	CN¥-38.78 Million
2016	1.04%	1.08%	0.39x	2.43x	CN¥-45.29 Million
2017	-32.93%	-23.23%	0.46x	3.09x	CN¥-162.35 Million
2018	1.63%	1.10%	0.57x	2.61x	CN¥-32.16 Million
2019	2.63%	1.41%	0.68x	2.74x	CN¥-28.01 Million
2020	7.98%	3.14%	0.91x	2.80x	CN¥-8.02 Million
2021	4.45%	1.80%	0.82x	3.02x	CN¥-23.15 Million
2022	9.43%	3.27%	0.82x	3.51x	CN¥-2.57 Million
2023	16.55%	5.19%	0.84x	3.79x	CN¥35.39 Million
2024	18.40%	5.55%	1.01x	3.28x	CN¥55.14 Million

Industry Comparison

This section compares San Bian Science & Technology Co Ltd's net assets metrics with peer companies in the Electronic Components industry.

Industry Context

Industry: Electronic Components
Average net assets among peers: $2,959,429,291
Average return on equity (ROE) among peers: 10.19%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
San Bian Science & Technology Co Ltd (002112)	CN¥870.83 Million	18.71%	1.64x	$866.84 Million
Shenzhen Zhongheng Huafa Co Ltd Class A (000020)	$266.56 Million	3.44%	1.72x	$423.10 Million
Shenzhen Desay Battery Technology Co Ltd (000049)	$2.86 Billion	17.55%	2.07x	$1.63 Billion
Shenzhen Huakong Seg Co Ltd (000068)	$1.09 Billion	2.98%	1.57x	$483.17 Million
CPT Technology Group Co Ltd (000536)	$3.32 Billion	10.43%	0.37x	$1.59 Billion
Guangdong Fenghua Advanced Technology Holding Co Ltd (000636)	$6.06 Billion	5.92%	0.45x	$4.25 Billion
Xiamen Xindeco Ltd (000701)	$217.53 Million	0.00%	0.71x	$586.43 Million
BOE Technology Group Co Ltd (000725)	$466.65 Million	21.84%	0.74x	$21.70 Billion
China Zhenhua Group Science & Technology Co Ltd (000733)	$9.75 Billion	24.43%	0.39x	$3.46 Billion
Beijing Zhong Ke San Huan High-Tech Co Ltd (000970)	$4.17 Billion	8.18%	0.30x	$2.15 Billion
Guizhou Space Appliance Co Ltd (002025)	$1.38 Billion	7.09%	0.20x	$4.88 Billion

About San Bian Science & Technology Co Ltd

SHE:002112 China Electronic Components

Market Cap

$866.84 Million

CN¥5.92 Billion CNY

Market Cap Rank

#9771 Global

#2752 in China

Share Price

CN¥20.14

Change (1 day)

-1.18%

52-Week Range

CN¥11.91 - CN¥27.63

All Time High

CN¥240.90