Shenzhen Sea Star Technology (002137) - Net Assets

Latest as of September 2025: CN¥1.58 Billion CNY ≈ $231.72 Million USD

Based on the latest financial reports, Shenzhen Sea Star Technology (002137) has net assets worth CN¥1.58 Billion CNY (≈ $231.72 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¥1.92 Billion ≈ $280.93 Million USD) and total liabilities (CN¥336.29 Million ≈ $49.21 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 002137 total asset value for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.58 Billion
% of Total Assets	82.48%
Annual Growth Rate	17.68%
5-Year Change	1.83%
10-Year Change	69.52%
Growth Volatility	58.09

Shenzhen Sea Star Technology - Net Assets Trend (2004–2024)

This chart illustrates how Shenzhen Sea Star Technology's net assets have evolved over time, based on quarterly financial data. Check Shenzhen Sea Star Technology (002137) tangible net worth to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Shenzhen Sea Star Technology (2004–2024)

The table below shows the annual net assets of Shenzhen Sea Star Technology from 2004 to 2024. For live valuation and market cap data, see 002137 market cap overview.

Year	Net Assets	Change
2024-12-31	CN¥1.55 Billion ≈ $226.08 Million	-1.16%
2023-12-31	CN¥1.56 Billion ≈ $228.73 Million	+0.70%
2022-12-31	CN¥1.55 Billion ≈ $227.14 Million	+10.52%
2021-12-31	CN¥1.40 Billion ≈ $205.53 Million	-7.43%
2020-12-31	CN¥1.52 Billion ≈ $222.02 Million	+2.64%
2019-12-31	CN¥1.48 Billion ≈ $216.30 Million	+5.45%
2018-12-31	CN¥1.40 Billion ≈ $205.12 Million	-20.08%
2017-12-31	CN¥1.75 Billion ≈ $256.67 Million	+7.31%
2016-12-31	CN¥1.63 Billion ≈ $239.19 Million	+79.35%
2015-12-31	CN¥911.41 Million ≈ $133.37 Million	+78.93%
2014-12-31	CN¥509.36 Million ≈ $74.54 Million	+3.03%
2013-12-31	CN¥494.39 Million ≈ $72.34 Million	-10.26%
2012-12-31	CN¥550.89 Million ≈ $80.61 Million	+1.01%
2011-12-31	CN¥545.38 Million ≈ $79.81 Million	+10.22%
2010-12-31	CN¥494.82 Million ≈ $72.41 Million	+0.07%
2009-12-31	CN¥494.49 Million ≈ $72.36 Million	-5.89%
2008-12-31	CN¥525.43 Million ≈ $76.89 Million	-2.28%
2007-12-31	CN¥537.67 Million ≈ $78.68 Million	+244.37%
2006-12-31	CN¥156.13 Million ≈ $22.85 Million	+70.95%
2005-12-31	CN¥91.33 Million ≈ $13.37 Million	+53.43%
2004-12-31	CN¥59.53 Million ≈ $8.71 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Sea Star Technology'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 277.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥577.50 Million	38.97%
Other Comprehensive Income	CN¥107.97 Million	7.29%
Other Components	CN¥870.48 Million	58.75%
Total Equity	CN¥1.48 Billion	100.00%

Shenzhen Sea Star Technology Competitors by Market Cap

The table below lists competitors of Shenzhen Sea Star Technology ranked by their market capitalization.

Company	Market Cap
GHT Co Ltd Class A SHE:300711	$647.55 Million
Rongsheng Paper SHG:603165	$647.57 Million
Lindian Resources Ltd AU:LIN	$647.63 Million
Thungela Resources Limited JSE:TGA	$647.70 Million
Just Dial Limited NSE:JUSTDIAL	$647.29 Million
Shenzhen SDG Service Co. Ltd. SHE:300917	$647.18 Million
Technocraft Industries (India) Limited NSE:TIIL	$647.05 Million
Kunshan Top A Intelligent Equipment SHE:300836	$646.95 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenzhen Sea Star Technology's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,510,667,563 to 1,481,783,534, a change of -28,884,029 (-1.9%).
Net loss of 23,407,518 reduced equity.
Dividend payments of 639,213 reduced retained earnings.
Other comprehensive income decreased equity by 6,585,523.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-23.41 Million	-1.58%
Dividends Paid	CN¥639.21K	-0.04%
Other Comprehensive Income	CN¥-6.59 Million	-0.44%
Other Changes	CN¥1.75 Million	+0.12%
Total Change	CN¥-	-1.91%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Sea Star Technology'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: 2.99x
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 4.07x to 2.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2004-12-31	CN¥1.88	CN¥7.66	x
2005-12-31	CN¥0.68	CN¥7.66	x
2006-12-31	CN¥0.41	CN¥7.66	x
2007-12-31	CN¥1.22	CN¥7.66	x
2008-12-31	CN¥1.57	CN¥7.66	x
2009-12-31	CN¥1.17	CN¥7.66	x
2010-12-31	CN¥1.17	CN¥7.66	x
2011-12-31	CN¥1.26	CN¥7.66	x
2012-12-31	CN¥1.27	CN¥7.66	x
2013-12-31	CN¥1.12	CN¥7.66	x
2014-12-31	CN¥1.09	CN¥7.66	x
2015-12-31	CN¥1.93	CN¥7.66	x
2016-12-31	CN¥2.82	CN¥7.66	x
2017-12-31	CN¥2.97	CN¥7.66	x
2018-12-31	CN¥2.38	CN¥7.66	x
2019-12-31	CN¥2.47	CN¥7.66	x
2020-12-31	CN¥2.51	CN¥7.66	x
2021-12-31	CN¥2.35	CN¥7.66	x
2022-12-31	CN¥2.60	CN¥7.66	x
2023-12-31	CN¥2.61	CN¥7.66	x
2024-12-31	CN¥2.56	CN¥7.66	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Sea Star Technology 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): -1.58%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.94%
• Asset Turnover: 0.31x
• Equity Multiplier: 1.31x
Recent ROE (-1.58%) is below the historical average (4.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2004	18.65%	4.10%	1.78x	2.55x	CN¥5.15 Million
2005	34.82%	6.39%	1.96x	2.78x	CN¥22.67 Million
2006	36.49%	9.72%	1.18x	3.20x	CN¥34.02 Million
2007	12.00%	5.13%	1.34x	1.75x	CN¥10.29 Million
2008	6.65%	3.82%	0.73x	2.40x	CN¥-17.04 Million
2009	1.24%	0.99%	0.82x	1.53x	CN¥-43.34 Million
2010	5.30%	1.97%	1.03x	2.61x	CN¥-23.24 Million
2011	6.86%	2.11%	1.48x	2.20x	CN¥-16.66 Million
2012	5.99%	2.83%	1.28x	1.65x	CN¥-21.53 Million
2013	-38.78%	-30.32%	0.71x	1.80x	CN¥-235.94 Million
2014	2.85%	2.61%	0.82x	1.33x	CN¥-35.74 Million
2015	2.02%	4.35%	0.31x	1.48x	CN¥-71.64 Million
2016	9.32%	18.77%	0.42x	1.18x	CN¥-10.94 Million
2017	4.39%	8.05%	0.44x	1.24x	CN¥-96.08 Million
2018	-26.97%	-35.41%	0.61x	1.25x	CN¥-502.60 Million
2019	6.56%	12.27%	0.42x	1.28x	CN¥-49.09 Million
2020	1.94%	3.59%	0.41x	1.32x	CN¥-117.03 Million
2021	-7.03%	-10.35%	0.47x	1.45x	CN¥-230.99 Million
2022	9.61%	22.59%	0.33x	1.29x	CN¥-5.91 Million
2023	0.69%	1.76%	0.31x	1.25x	CN¥-140.61 Million
2024	-1.58%	-3.94%	0.31x	1.31x	CN¥-171.59 Million

Industry Comparison

This section compares Shenzhen Sea Star Technology's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $1,990,425,723
Average return on equity (ROE) among peers: 0.81%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Sea Star Technology (002137)	CN¥1.58 Billion	18.65%	0.21x	$647.32 Million
XJ Electric Co Ltd (000400)	$6.87 Billion	10.49%	0.82x	$3.55 Billion
Guangdong Macro Co Ltd (000533)	$939.91 Million	-102.96%	1.65x	$1.27 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.93 Billion	8.61%	0.15x	$901.48 Million
Dongfang Electronics Co Ltd (000682)	$411.24 Million	32.62%	0.36x	$2.46 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$967.32 Million	3.48%	4.72x	$654.58 Million
Huagong Tech Co Ltd (000988)	$2.55 Billion	8.27%	0.44x	$14.81 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.54 Billion	5.61%	1.58x	$1.43 Billion
Sieyuan Electric Co Ltd (002028)	$3.00 Billion	31.66%	0.29x	$17.80 Billion
Shanghai Welltech Automation Co Ltd (002058)	$198.35 Million	3.01%	0.24x	$350.97 Million
Gotion High tech Co Ltd (002074)	$497.13 Million	7.34%	0.88x	$7.43 Billion

About Shenzhen Sea Star Technology

SHE:002137 China Electrical Equipment & Parts

Market Cap

$647.32 Million

CN¥4.42 Billion CNY

Market Cap Rank

#10880 Global

#2953 in China

Share Price

CN¥7.66

Change (1 day)

+2.54%

52-Week Range

CN¥6.70 - CN¥12.25

All Time High

CN¥24.71