Shenzhen Topband Co Ltd (002139) - Net Assets

Latest as of September 2025: CN¥7.07 Billion CNY ≈ $1.03 Billion USD

Based on the latest financial reports, Shenzhen Topband Co Ltd (002139) has net assets worth CN¥7.07 Billion CNY (≈ $1.03 Billion 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¥13.68 Billion ≈ $2.00 Billion USD) and total liabilities (CN¥6.61 Billion ≈ $967.38 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 asset resilience ratio of Shenzhen Topband Co Ltd to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥7.07 Billion
% of Total Assets	51.68%
Annual Growth Rate	27.65%
5-Year Change	89.85%
10-Year Change	586.3%
Growth Volatility	51.0

Shenzhen Topband Co Ltd - Net Assets Trend (2004–2024)

This chart illustrates how Shenzhen Topband Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shenzhen Topband Co Ltd assets under control for the complete picture of this company's asset base.

Annual Net Assets for Shenzhen Topband Co Ltd (2004–2024)

The table below shows the annual net assets of Shenzhen Topband Co Ltd from 2004 to 2024. For live valuation and market cap data, see market cap of Shenzhen Topband Co Ltd.

Year	Net Assets	Change
2024-12-31	CN¥6.67 Billion ≈ $976.38 Million	+4.75%
2023-12-31	CN¥6.37 Billion ≈ $932.07 Million	+9.41%
2022-12-31	CN¥5.82 Billion ≈ $851.91 Million	+13.78%
2021-12-31	CN¥5.12 Billion ≈ $748.76 Million	+45.59%
2020-12-31	CN¥3.51 Billion ≈ $514.30 Million	+35.02%
2019-12-31	CN¥2.60 Billion ≈ $380.90 Million	+16.25%
2018-12-31	CN¥2.24 Billion ≈ $327.64 Million	+7.93%
2017-12-31	CN¥2.07 Billion ≈ $303.56 Million	+12.69%
2016-12-31	CN¥1.84 Billion ≈ $269.37 Million	+89.34%
2015-12-31	CN¥972.23 Million ≈ $142.27 Million	+74.04%
2014-12-31	CN¥558.61 Million ≈ $81.74 Million	+8.54%
2013-12-31	CN¥514.67 Million ≈ $75.31 Million	+2.24%
2012-12-31	CN¥503.40 Million ≈ $73.66 Million	+0.32%
2011-12-31	CN¥501.78 Million ≈ $73.43 Million	+22.32%
2010-12-31	CN¥410.23 Million ≈ $60.03 Million	+19.45%
2009-12-31	CN¥343.43 Million ≈ $50.25 Million	+9.55%
2008-12-31	CN¥313.48 Million ≈ $45.87 Million	+12.49%
2007-12-31	CN¥278.68 Million ≈ $40.78 Million	+232.96%
2006-12-31	CN¥83.70 Million ≈ $12.25 Million	+23.39%
2005-12-31	CN¥67.83 Million ≈ $9.93 Million	+34.18%
2004-12-31	CN¥50.55 Million ≈ $7.40 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Topband 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 16442.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥3.28 Billion	49.09%
Common Stock	CN¥1.25 Billion	18.69%
Other Components	CN¥2.15 Billion	32.22%
Total Equity	CN¥6.67 Billion	100.00%

Shenzhen Topband Co Ltd Competitors by Market Cap

The table below lists competitors of Shenzhen Topband Co Ltd ranked by their market capitalization.

Company	Market Cap
OPT Machine Vision Tech Co. Ltd. A SHG:688686	$1.96 Billion
Guobang Pharma Ltd SHG:605507	$1.96 Billion
Xintai Ntrl Gas SHG:603393	$1.96 Billion
North Chemical Industries Co Ltd SHE:002246	$1.96 Billion
Coty Inc NYSE:COTY	$1.95 Billion
Inner Mongolia Furui Med Sci SHE:300049	$1.95 Billion
WHA Corporation Public Company Limited BK:WHA-R	$1.95 Billion
Nuvoton Technology Corp TW:4919	$1.95 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenzhen Topband Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 6,284,917,468 to 6,672,327,751, a change of 387,410,283 (6.2%).
Net income of 671,442,660 contributed positively to equity growth.
Dividend payments of 117,906,350 reduced retained earnings.
Share repurchases of 96,046,021 reduced equity.
Other comprehensive income decreased equity by 275,333,845.
Other factors increased equity by 205,253,839.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥671.44 Million	+10.06%
Dividends Paid	CN¥117.91 Million	-1.77%
Share Repurchases	CN¥96.05 Million	-1.44%
Other Comprehensive Income	CN¥-275.33 Million	-4.13%
Other Changes	CN¥205.25 Million	+3.08%
Total Change	CN¥-	6.16%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Topband 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: 1.96x
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 266.77x to 1.96x 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¥0.04	CN¥10.71	x
2005-12-31	CN¥0.05	CN¥10.71	x
2006-12-31	CN¥0.18	CN¥10.71	x
2007-12-31	CN¥0.46	CN¥10.71	x
2008-12-31	CN¥0.42	CN¥10.71	x
2009-12-31	CN¥0.46	CN¥10.71	x
2010-12-31	CN¥0.55	CN¥10.71	x
2011-12-31	CN¥0.67	CN¥10.71	x
2012-12-31	CN¥0.66	CN¥10.71	x
2013-12-31	CN¥0.67	CN¥10.71	x
2014-12-31	CN¥0.73	CN¥10.71	x
2015-12-31	CN¥1.12	CN¥10.71	x
2016-12-31	CN¥1.74	CN¥10.71	x
2017-12-31	CN¥1.93	CN¥10.71	x
2018-12-31	CN¥2.10	CN¥10.71	x
2019-12-31	CN¥2.41	CN¥10.71	x
2020-12-31	CN¥3.31	CN¥10.71	x
2021-12-31	CN¥4.18	CN¥10.71	x
2022-12-31	CN¥4.52	CN¥10.71	x
2023-12-31	CN¥5.00	CN¥10.71	x
2024-12-31	CN¥5.47	CN¥10.71	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Topband 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): 10.06%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.39%
• Asset Turnover: 0.82x
• Equity Multiplier: 1.93x
Recent ROE (10.06%) is below the historical average (13.30%), 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	32.59%	4.93%	1.28x	5.15x	CN¥11.40 Million
2005	25.81%	4.05%	1.46x	4.37x	CN¥10.47 Million
2006	23.53%	4.72%	1.44x	3.45x	CN¥11.32 Million
2007	7.45%	4.44%	0.95x	1.76x	CN¥-7.11 Million
2008	11.74%	6.09%	1.29x	1.49x	CN¥5.45 Million
2009	13.27%	8.24%	1.09x	1.48x	CN¥11.22 Million
2010	17.92%	8.12%	1.26x	1.75x	CN¥31.99 Million
2011	14.08%	7.16%	1.12x	1.75x	CN¥20.17 Million
2012	6.74%	3.48%	1.09x	1.78x	CN¥-16.16 Million
2013	7.97%	4.06%	1.12x	1.75x	CN¥-10.32 Million
2014	11.75%	5.84%	1.13x	1.78x	CN¥9.68 Million
2015	8.32%	5.58%	0.89x	1.68x	CN¥-16.27 Million
2016	8.42%	7.90%	0.67x	1.58x	CN¥-27.08 Million
2017	10.85%	7.83%	0.84x	1.66x	CN¥16.52 Million
2018	10.48%	6.52%	0.87x	1.85x	CN¥10.25 Million
2019	13.27%	8.07%	0.81x	2.04x	CN¥81.56 Million
2020	15.39%	9.57%	0.82x	1.96x	CN¥186.44 Million
2021	11.24%	7.27%	0.81x	1.91x	CN¥62.13 Million
2022	10.18%	6.57%	0.86x	1.81x	CN¥10.15 Million
2023	8.20%	5.73%	0.80x	1.78x	CN¥-112.98 Million
2024	10.06%	6.39%	0.82x	1.93x	CN¥4.21 Million

Industry Comparison

This section compares Shenzhen Topband 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
Shenzhen Topband Co Ltd (002139)	CN¥7.07 Billion	32.59%	0.94x	$1.95 Billion
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 Shenzhen Topband Co Ltd

SHE:002139 China Electronic Components

Market Cap

$1.95 Billion

CN¥13.35 Billion CNY

Market Cap Rank

#6367 Global

#1421 in China

Share Price

CN¥10.71

Change (1 day)

-1.38%

52-Week Range

CN¥10.71 - CN¥16.27

All Time High

CN¥21.78