Sunwave Communications Co Ltd (002115) - Net Assets
Based on the latest financial reports, Sunwave Communications Co Ltd (002115) has net assets worth CN¥2.17 Billion CNY (≈ $317.41 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¥4.64 Billion ≈ $679.50 Million USD) and total liabilities (CN¥2.47 Billion ≈ $362.09 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 Sunwave Communications Co Ltd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.17 Billion |
| % of Total Assets | 46.71% |
| Annual Growth Rate | 17.66% |
| 5-Year Change | -6.9% |
| 10-Year Change | 118.14% |
| Growth Volatility | 39.16 |
Sunwave Communications Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Sunwave Communications Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Sunwave Communications Co Ltd (002115) total market value.
Annual Net Assets for Sunwave Communications Co Ltd (2003–2025)
The table below shows the annual net assets of Sunwave Communications Co Ltd from 2003 to 2025. Also explore Sunwave Communications Co Ltd annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.16 Billion ≈ $315.40 Million |
-1.14% |
| 2024-12-31 | CN¥2.18 Billion ≈ $319.05 Million |
-11.33% |
| 2023-12-31 | CN¥2.46 Billion ≈ $359.84 Million |
+1.00% |
| 2022-12-31 | CN¥2.43 Billion ≈ $356.29 Million |
+5.17% |
| 2021-12-31 | CN¥2.32 Billion ≈ $338.79 Million |
-9.78% |
| 2020-12-31 | CN¥2.57 Billion ≈ $375.50 Million |
-1.35% |
| 2019-12-31 | CN¥2.60 Billion ≈ $380.64 Million |
+5.67% |
| 2018-12-31 | CN¥2.46 Billion ≈ $360.23 Million |
+30.00% |
| 2017-12-31 | CN¥1.89 Billion ≈ $277.11 Million |
+91.66% |
| 2016-12-31 | CN¥988.06 Million ≈ $144.58 Million |
+1.89% |
| 2015-12-31 | CN¥969.73 Million ≈ $141.90 Million |
+1.01% |
| 2014-12-31 | CN¥960.07 Million ≈ $140.49 Million |
+1.57% |
| 2013-12-31 | CN¥945.20 Million ≈ $138.31 Million |
-16.00% |
| 2012-12-31 | CN¥1.13 Billion ≈ $164.66 Million |
+4.39% |
| 2011-12-31 | CN¥1.08 Billion ≈ $157.75 Million |
+35.69% |
| 2010-12-31 | CN¥794.46 Million ≈ $116.26 Million |
+13.10% |
| 2009-12-31 | CN¥702.47 Million ≈ $102.79 Million |
+77.74% |
| 2008-12-31 | CN¥395.22 Million ≈ $57.83 Million |
+13.50% |
| 2007-12-31 | CN¥348.21 Million ≈ $50.95 Million |
+155.17% |
| 2006-12-31 | CN¥136.46 Million ≈ $19.97 Million |
+21.45% |
| 2005-12-31 | CN¥112.36 Million ≈ $16.44 Million |
+35.31% |
| 2004-12-31 | CN¥83.04 Million ≈ $12.15 Million |
+37.94% |
| 2003-12-31 | CN¥60.20 Million ≈ $8.81 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sunwave Communications 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 416.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥143.06 Million | 6.96% |
| Other Components | CN¥1.91 Billion | 93.04% |
| Total Equity | CN¥2.06 Billion | 100.00% |
Sunwave Communications Co Ltd Competitors by Market Cap
The table below lists competitors of Sunwave Communications Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Trinity Capital Inc
NASDAQ:TRIN
|
$1.17 Billion |
|
Heritage Financial Corporation
NASDAQ:HFWA
|
$1.17 Billion |
|
Paras Defence and Space Technologies Limited
NSE:PARAS
|
$1.17 Billion |
|
Teladoc Inc
NYSE:TDOC
|
$1.17 Billion |
|
Hengbao Co Ltd
SHE:002104
|
$1.17 Billion |
|
Streamax Technology Co Ltd
SHE:002970
|
$1.17 Billion |
|
Ingenia Communities Group
AU:INA
|
$1.17 Billion |
|
Amata Corporation Public Company Limited
BK:AMATA
|
$1.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sunwave Communications Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,095,616,779 to 2,056,206,418, a change of -39,410,361 (-1.9%).
- Net loss of 13,185,112 reduced equity.
- Dividend payments of 24,831,889 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-13.19 Million | -0.64% |
| Dividends Paid | CN¥24.83 Million | -1.21% |
| Other Changes | CN¥-1.39 Million | -0.07% |
| Total Change | CN¥- | -1.88% |
Book Value vs Market Value Analysis
This analysis compares Sunwave Communications 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: 3.90x
- 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 53.72x to 3.90x 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¥0.18 | CN¥9.90 | x |
| 2004-12-31 | CN¥0.25 | CN¥9.90 | x |
| 2005-12-31 | CN¥0.34 | CN¥9.90 | x |
| 2006-12-31 | CN¥0.39 | CN¥9.90 | x |
| 2007-12-31 | CN¥0.79 | CN¥9.90 | x |
| 2008-12-31 | CN¥0.82 | CN¥9.90 | x |
| 2009-12-31 | CN¥1.42 | CN¥9.90 | x |
| 2010-12-31 | CN¥1.47 | CN¥9.90 | x |
| 2011-12-31 | CN¥2.01 | CN¥9.90 | x |
| 2012-12-31 | CN¥2.00 | CN¥9.90 | x |
| 2013-12-31 | CN¥1.68 | CN¥9.90 | x |
| 2014-12-31 | CN¥1.71 | CN¥9.90 | x |
| 2015-12-31 | CN¥1.75 | CN¥9.90 | x |
| 2016-12-31 | CN¥1.82 | CN¥9.90 | x |
| 2017-12-31 | CN¥3.36 | CN¥9.90 | x |
| 2018-12-31 | CN¥3.34 | CN¥9.90 | x |
| 2019-12-31 | CN¥3.48 | CN¥9.90 | x |
| 2020-12-31 | CN¥3.48 | CN¥9.90 | x |
| 2021-12-31 | CN¥3.12 | CN¥9.90 | x |
| 2022-12-31 | CN¥2.92 | CN¥9.90 | x |
| 2023-12-31 | CN¥2.92 | CN¥9.90 | x |
| 2024-12-31 | CN¥2.58 | CN¥9.90 | x |
| 2025-12-31 | CN¥2.54 | CN¥9.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sunwave Communications 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): -0.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.11%
- • Asset Turnover: 2.59x
- • Equity Multiplier: 2.24x
- Recent ROE (-0.64%) is below the historical average (6.43%), 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 | 26.63% | 11.61% | 0.85x | 2.70x | CN¥9.94 Million |
| 2004 | 27.10% | 13.48% | 0.77x | 2.62x | CN¥14.02 Million |
| 2005 | 24.77% | 14.06% | 0.75x | 2.34x | CN¥16.11 Million |
| 2006 | 22.94% | 14.42% | 0.70x | 2.26x | CN¥17.09 Million |
| 2007 | 12.84% | 25.42% | 0.24x | 2.10x | CN¥9.26 Million |
| 2008 | 15.40% | 12.68% | 0.58x | 2.09x | CN¥19.83 Million |
| 2009 | 11.79% | 9.52% | 0.55x | 2.25x | CN¥11.77 Million |
| 2010 | 13.67% | 9.98% | 0.64x | 2.15x | CN¥27.01 Million |
| 2011 | 10.69% | 9.88% | 0.53x | 2.04x | CN¥7.01 Million |
| 2012 | 8.44% | 8.33% | 0.55x | 1.83x | CN¥-16.63 Million |
| 2013 | -15.03% | -17.08% | 0.40x | 2.21x | CN¥-225.16 Million |
| 2014 | 1.53% | 1.54% | 0.44x | 2.23x | CN¥-77.43 Million |
| 2015 | 2.03% | 2.19% | 0.42x | 2.21x | CN¥-74.50 Million |
| 2016 | 2.96% | 2.79% | 0.38x | 2.79x | CN¥-65.77 Million |
| 2017 | 2.57% | 4.00% | 0.27x | 2.36x | CN¥-136.47 Million |
| 2018 | 9.06% | 6.04% | 0.78x | 1.93x | CN¥-22.34 Million |
| 2019 | 6.33% | 2.85% | 1.20x | 1.85x | CN¥-91.95 Million |
| 2020 | 0.70% | 0.20% | 1.88x | 1.86x | CN¥-232.36 Million |
| 2021 | -31.09% | -6.86% | 2.35x | 1.93x | CN¥-930.72 Million |
| 2022 | 5.74% | 1.33% | 2.25x | 1.92x | CN¥-101.35 Million |
| 2023 | 2.34% | 0.44% | 2.85x | 1.85x | CN¥-181.65 Million |
| 2024 | -12.95% | -2.48% | 2.90x | 1.80x | CN¥-480.98 Million |
| 2025 | -0.64% | -0.11% | 2.59x | 2.24x | CN¥-218.81 Million |
Industry Comparison
This section compares Sunwave Communications Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $4,088,331,518
- Average return on equity (ROE) among peers: 3.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sunwave Communications Co Ltd (002115) | CN¥2.17 Billion | 26.63% | 1.14x | $1.17 Billion |
| ZTE Corp (000063) | $24.96 Billion | 13.02% | 2.37x | $18.87 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $2.97 Billion | 0.38% | 2.39x | $2.20 Billion |
| Addsino Co Ltd (000547) | $459.04 Million | 0.56% | 1.54x | $3.37 Billion |
| Sichuan Huiyuan Optical Com (000586) | $214.90 Million | 2.38% | 1.39x | $382.42 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.17 Billion | 5.94% | 1.21x | $430.12 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.80 Billion | 2.74% | 0.79x | $1.77 Billion |
| Skyworth Digital Co Ltd (000810) | $152.08 Million | 7.57% | 1.53x | $1.58 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $1.07 Billion | 1.56% | 0.75x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $-6.48 Million | 0.00% | 0.00x | $916.08 Million |
About Sunwave Communications Co Ltd
Sunwave Communications Co.Ltd engages in the communication business and Internet advertising media business in China and internationally. The company's wireless coverage products, include cellular digital DAS systems and repeaters, public safety DAS systems, passive products, network management and O-RAN solutions; and wireless network products, such as 5G and LTE CPE, indoor and outdoor base sta… Read more