Sunwave Communications Co Ltd (002115) - Net Assets

Latest as of September 2025: CN¥2.17 Billion CNY ≈ $318.17 Million USD

Based on the latest financial reports, Sunwave Communications Co Ltd (002115) has net assets worth CN¥2.17 Billion CNY (≈ $318.17 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¥3.88 Billion ≈ $567.40 Million USD) and total liabilities (CN¥1.70 Billion ≈ $249.23 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 liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.17 Billion
% of Total Assets	56.07%
Annual Growth Rate	18.64%
5-Year Change	-15.03%
10-Year Change	124.84%
Growth Volatility	39.73

Sunwave Communications Co Ltd - Net Assets Trend (2003–2024)

This chart illustrates how Sunwave Communications Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Sunwave Communications Co Ltd (002115) total assets for the complete picture of this company's asset base.

Annual Net Assets for Sunwave Communications Co Ltd (2003–2024)

The table below shows the annual net assets of Sunwave Communications Co Ltd from 2003 to 2024. For live valuation and market cap data, see market value of Sunwave Communications Co Ltd.

Year	Net Assets	Change
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	--

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 decreased by 1251.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥810.99 Million	38.70%
Other Components	CN¥1.60 Billion	76.50%
Total Equity	CN¥2.10 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
IBI Inv House TA:IBI	$1.74 Billion
Expro Group Holdings NV NYSE:XPRO	$1.75 Billion
Antin IP SA PA:ANTIN	$1.75 Billion
Ribo Fashion Group Co Ltd SHG:603196	$1.75 Billion
Fresh Del Monte Produce Inc NYSE:FDP	$1.74 Billion
Adecoagro S.A F:ACD	$1.74 Billion
Shenzhen Fine Made Electronics Group Co Ltd SHE:300671	$1.74 Billion
IMAX Corporation F:IMA	$1.74 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 2023 to 2024, total equity changed from 2,370,456,226 to 2,095,616,779, a change of -274,839,447 (-11.6%).
Net loss of 271,421,902 reduced equity.
Dividend payments of 14,885,031 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-271.42 Million	-12.95%
Dividends Paid	CN¥14.89 Million	-0.71%
Other Changes	CN¥11.47 Million	+0.55%
Total Change	CN¥-	-11.59%

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: 5.69x
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 79.76x to 5.69x 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¥14.70	x
2004-12-31	CN¥0.25	CN¥14.70	x
2005-12-31	CN¥0.34	CN¥14.70	x
2006-12-31	CN¥0.39	CN¥14.70	x
2007-12-31	CN¥0.79	CN¥14.70	x
2008-12-31	CN¥0.82	CN¥14.70	x
2009-12-31	CN¥1.42	CN¥14.70	x
2010-12-31	CN¥1.47	CN¥14.70	x
2011-12-31	CN¥2.01	CN¥14.70	x
2012-12-31	CN¥2.00	CN¥14.70	x
2013-12-31	CN¥1.68	CN¥14.70	x
2014-12-31	CN¥1.71	CN¥14.70	x
2015-12-31	CN¥1.75	CN¥14.70	x
2016-12-31	CN¥1.82	CN¥14.70	x
2017-12-31	CN¥3.36	CN¥14.70	x
2018-12-31	CN¥3.34	CN¥14.70	x
2019-12-31	CN¥3.48	CN¥14.70	x
2020-12-31	CN¥3.48	CN¥14.70	x
2021-12-31	CN¥3.12	CN¥14.70	x
2022-12-31	CN¥2.92	CN¥14.70	x
2023-12-31	CN¥2.92	CN¥14.70	x
2024-12-31	CN¥2.58	CN¥14.70	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): -12.95%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -2.48%
• Asset Turnover: 2.90x
• Equity Multiplier: 1.80x
Recent ROE (-12.95%) is below the historical average (6.75%), 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

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: $6,930,212,749
Average return on equity (ROE) among peers: 18.11%

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%	0.78x	$1.74 Billion
ZTE Corp (000063)	$45.38 Billion	11.17%	2.17x	$22.80 Billion
Shenzhen SDG Information Co Ltd (000070)	$2.52 Billion	-24.54%	2.30x	$2.78 Billion
Addsino Co Ltd (000547)	$483.41 Million	1.94%	1.23x	$6.45 Billion
Sichuan Huiyuan Optical Com (000586)	$310.66 Million	7.41%	1.42x	$563.01 Million
PetroChina Jinhong Energy Investment Co Ltd (000669)	$4.59 Billion	5.22%	1.90x	$408.22 Million
Sichuan Jiuzhou Electronic Co Ltd (000801)	$2.39 Billion	7.98%	1.14x	$2.09 Billion
Skyworth Digital Co Ltd (000810)	$6.37 Billion	9.45%	0.80x	$2.18 Billion
Gohigh Data Networks Technology Co Ltd (000851)	$279.41 Million	5.55%	0.88x	$64.38 Million
Shenzhen Coship Electronics Co Ltd (002052)	$50.16 Million	138.76%	23.71x	$1.28 Billion

About Sunwave Communications Co Ltd

SHE:002115 China Communication Equipment

Market Cap

$1.74 Billion

CN¥11.92 Billion CNY

Market Cap Rank

#6832 Global

#1607 in China

Share Price

CN¥14.70

Change (1 day)

-4.05%

52-Week Range

CN¥7.40 - CN¥19.59

All Time High

CN¥19.59