Sunwave Communications Co Ltd (002115) - Net Assets

Latest as of March 2026: CN¥2.17 Billion CNY ≈ $317.41 Million USD

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. Also explore balance sheet size of Sunwave Communications Co Ltd for the complete picture of this company's asset base.

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. Check Sunwave Communications Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.

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. For live valuation and market cap data, see 002115 market cap overview.

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		 --

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
Guangdong Fuxin Technology Co. Ltd. A
SHG:688662
 $1.31 Billion
AECC Aero Science and Technology Co Ltd
SHG:600391
 $1.31 Billion
HuBei SanFeng Intelligent Conveying Equipment Co Ltd
SHE:300276
 $1.31 Billion
Couchbase Inc
NASDAQ:BASE
 $1.31 Billion
i-80 Gold Corp.
NYSE MKT:IAUX
 $1.31 Billion
Regis Healthcare Ltd
AU:REG
 $1.31 Billion
Guangdong Anda Automation Solutions Co. Ltd. A
SHG:688125
 $1.31 Billion
Zhejiang Merit Interactive Network Technology Co Ltd Class A
SHE:300766
 $1.31 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: 4.35x
  • 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 59.85x to 4.35x 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¥11.03 x
2004-12-31 CN¥0.25 CN¥11.03 x
2005-12-31 CN¥0.34 CN¥11.03 x
2006-12-31 CN¥0.39 CN¥11.03 x
2007-12-31 CN¥0.79 CN¥11.03 x
2008-12-31 CN¥0.82 CN¥11.03 x
2009-12-31 CN¥1.42 CN¥11.03 x
2010-12-31 CN¥1.47 CN¥11.03 x
2011-12-31 CN¥2.01 CN¥11.03 x
2012-12-31 CN¥2.00 CN¥11.03 x
2013-12-31 CN¥1.68 CN¥11.03 x
2014-12-31 CN¥1.71 CN¥11.03 x
2015-12-31 CN¥1.75 CN¥11.03 x
2016-12-31 CN¥1.82 CN¥11.03 x
2017-12-31 CN¥3.36 CN¥11.03 x
2018-12-31 CN¥3.34 CN¥11.03 x
2019-12-31 CN¥3.48 CN¥11.03 x
2020-12-31 CN¥3.48 CN¥11.03 x
2021-12-31 CN¥3.12 CN¥11.03 x
2022-12-31 CN¥2.92 CN¥11.03 x
2023-12-31 CN¥2.92 CN¥11.03 x
2024-12-31 CN¥2.58 CN¥11.03 x
2025-12-31 CN¥2.54 CN¥11.03 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: $4,862,355,158
  • Average return on equity (ROE) among peers: 4.35%

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 $1.31 Billion
ZTE Corp (000063) $26.29 Billion 10.02% 3.04x $21.17 Billion
Shenzhen SDG Information Co Ltd (000070) $270.17 Million 19.39% 1.71x $1.80 Billion
Addsino Co Ltd (000547) $5.39 Billion 4.52% 0.29x $3.35 Billion
Sichuan Huiyuan Optical Com (000586) $409.17 Million 6.81% 0.68x $299.48 Million
PetroChina Jinhong Energy Investment Co Ltd (000669) $75.11 Million 8.25% 0.91x $340.51 Million
Sichuan Jiuzhou Electronic Co Ltd (000801) $111.77 Million -21.77% 0.72x $1.63 Billion
Skyworth Digital Co Ltd (000810) $6.37 Billion 9.45% 0.80x $1.58 Billion
Gohigh Data Networks Technology Co Ltd (000851) $3.91 Billion 1.49% 1.23x $64.38 Million
Shenzhen Coship Electronics Co Ltd (002052) $924.66 Million 0.97% 0.96x $945.81 Million

About Sunwave Communications Co Ltd

SHE:002115 China Communication Equipment
Market Cap
$1.31 Billion
CN¥8.95 Billion CNY
Market Cap Rank
#7669 Global
#1667 in China
Share Price
CN¥11.03
Change (1 day)
-3.25%
52-Week Range
CN¥8.32 - CN¥19.59
All Time High
CN¥19.59
Categories
Companies in China Communication Equipment Technology AI & Machine Learning
About

Sunwave Communications Co.Ltd engages in the communication business and Internet advertising media business in China and internationally. The company's wireless coverage products, including cellular digital DAS systems and repeaters, public safety DAS systems, passive products, and network management and O-RAN solutions; and wireless network products, such as 5G and LTE CPE, indoor and outdoor ba… Read more