Shanghai Yanhua Smartech Group (002178) - Net Assets

Latest as of March 2026: CN¥544.52 Million CNY ≈ $79.68 Million USD

Based on the latest financial reports, Shanghai Yanhua Smartech Group (002178) has net assets worth CN¥544.52 Million CNY (≈ $79.68 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¥1.35 Billion ≈ $197.60 Million USD) and total liabilities (CN¥805.83 Million ≈ $117.92 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 Shanghai Yanhua Smartech Group tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥544.52 Million
% of Total Assets	40.32%
Annual Growth Rate	15.42%
5-Year Change	-25.49%
10-Year Change	-57.16%
Growth Volatility	46.93

Shanghai Yanhua Smartech Group - Net Assets Trend (2004–2025)

This chart illustrates how Shanghai Yanhua Smartech Group's net assets have evolved over time, based on quarterly financial data. See how many days can Shanghai Yanhua Smartech Group fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shanghai Yanhua Smartech Group (2004–2025)

The table below shows the annual net assets of Shanghai Yanhua Smartech Group from 2004 to 2025. For live valuation and market cap data, see how much is Shanghai Yanhua Smartech Group worth.

Year	Net Assets	Change
2025-12-31	CN¥548.50 Million ≈ $80.26 Million	-3.82%
2024-12-31	CN¥570.28 Million ≈ $83.45 Million	-10.05%
2023-12-31	CN¥633.97 Million ≈ $92.77 Million	+9.30%
2022-12-31	CN¥580.05 Million ≈ $84.88 Million	-21.20%
2021-12-31	CN¥736.11 Million ≈ $107.72 Million	+0.58%
2020-12-31	CN¥731.88 Million ≈ $107.10 Million	-29.71%
2019-12-31	CN¥1.04 Billion ≈ $152.37 Million	+1.07%
2018-12-31	CN¥1.03 Billion ≈ $150.75 Million	-20.03%
2017-12-31	CN¥1.29 Billion ≈ $188.51 Million	+0.61%
2016-12-31	CN¥1.28 Billion ≈ $187.37 Million	+1.08%
2015-12-31	CN¥1.27 Billion ≈ $185.37 Million	+58.72%
2014-12-31	CN¥798.11 Million ≈ $116.79 Million	+15.21%
2013-12-31	CN¥692.76 Million ≈ $101.37 Million	+87.71%
2012-12-31	CN¥369.05 Million ≈ $54.00 Million	+7.07%
2011-12-31	CN¥344.69 Million ≈ $50.44 Million	+5.38%
2010-12-31	CN¥327.11 Million ≈ $47.87 Million	+11.12%
2009-12-31	CN¥294.38 Million ≈ $43.08 Million	+5.77%
2008-12-31	CN¥278.31 Million ≈ $40.73 Million	+3.35%
2007-12-31	CN¥269.30 Million ≈ $39.41 Million	+144.56%
2006-12-31	CN¥110.12 Million ≈ $16.11 Million	+126.79%
2005-12-31	CN¥48.56 Million ≈ $7.11 Million	+79.97%
2004-12-31	CN¥26.98 Million ≈ $3.95 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Yanhua Smartech Group'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 6544.6% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥974.43 Million	222.56%
Total Equity	CN¥437.83 Million	100.00%

Shanghai Yanhua Smartech Group Competitors by Market Cap

The table below lists competitors of Shanghai Yanhua Smartech Group ranked by their market capitalization.

Company	Market Cap
Capital Bancorp NASDAQ:CBNK	$513.84 Million
Guangzhou Grandbuy Co Ltd SHE:002187	$513.84 Million
ENF Technology Co. Ltd KQ:102710	$513.84 Million
Sunrise Energy Metals Ltd AU:SRL	$513.85 Million
Djerriwarrh Investments Ltd AU:DJW	$513.73 Million
Si-Bone Inc NASDAQ:SIBN	$513.67 Million
SFA Engineering Corporation KQ:056190	$513.64 Million
MIDEA REAL HLDG HD 1 F:MR9	$513.51 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai Yanhua Smartech Group's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 428,878,378 to 437,827,197, a change of 8,948,819 (2.1%).
Net income of 8,948,818 contributed positively to equity growth.
Dividend payments of 4,021,344 reduced retained earnings.
Other comprehensive income decreased equity by 30,201,790.
Other factors increased equity by 34,223,134.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥8.95 Million	+2.04%
Dividends Paid	CN¥4.02 Million	-0.92%
Other Comprehensive Income	CN¥-30.20 Million	-6.9%
Other Changes	CN¥34.22 Million	+7.82%
Total Change	CN¥-	2.09%

Book Value vs Market Value Analysis

This analysis compares Shanghai Yanhua Smartech Group'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: 8.02x
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 12.99x to 8.02x 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¥0.38	CN¥4.93	x
2005-12-31	CN¥0.63	CN¥4.93	x
2006-12-31	CN¥0.34	CN¥4.93	x
2007-12-31	CN¥0.67	CN¥4.93	x
2008-12-31	CN¥0.54	CN¥4.93	x
2009-12-31	CN¥0.59	CN¥4.93	x
2010-12-31	CN¥0.62	CN¥4.93	x
2011-12-31	CN¥0.59	CN¥4.93	x
2012-12-31	CN¥0.62	CN¥4.93	x
2013-12-31	CN¥1.18	CN¥4.93	x
2014-12-31	CN¥1.18	CN¥4.93	x
2015-12-31	CN¥1.69	CN¥4.93	x
2016-12-31	CN¥1.57	CN¥4.93	x
2017-12-31	CN¥1.37	CN¥4.93	x
2018-12-31	CN¥1.18	CN¥4.93	x
2019-12-31	CN¥1.12	CN¥4.93	x
2020-12-31	CN¥0.79	CN¥4.93	x
2021-12-31	CN¥0.63	CN¥4.93	x
2022-12-31	CN¥0.61	CN¥4.93	x
2023-12-31	CN¥0.60	CN¥4.93	x
2024-12-31	CN¥0.60	CN¥4.93	x
2025-12-31	CN¥0.61	CN¥4.93	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Yanhua Smartech Group 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): 2.04%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.10%
• Asset Turnover: 0.31x
• Equity Multiplier: 3.13x
Recent ROE (2.04%) is below the historical average (2.64%), 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	50.20%	9.49%	1.33x	3.99x	CN¥9.70 Million
2005	42.07%	9.85%	1.15x	3.72x	CN¥12.89 Million
2006	21.15%	9.83%	1.21x	1.78x	CN¥12.21 Million
2007	9.23%	12.14%	0.51x	1.49x	CN¥-2.08 Million
2008	4.71%	6.09%	0.56x	1.39x	CN¥-14.70 Million
2009	5.48%	5.38%	0.68x	1.49x	CN¥-13.29 Million
2010	5.10%	4.07%	0.75x	1.67x	CN¥-15.19 Million
2011	-3.12%	-1.96%	0.64x	2.50x	CN¥-39.49 Million
2012	5.52%	2.92%	0.72x	2.61x	CN¥-14.26 Million
2013	5.65%	4.85%	0.65x	1.80x	CN¥-28.94 Million
2014	7.64%	7.03%	0.61x	1.79x	CN¥-17.89 Million
2015	8.86%	9.15%	0.53x	1.83x	CN¥-13.12 Million
2016	3.83%	4.04%	0.48x	1.98x	CN¥-71.71 Million
2017	2.18%	2.12%	0.53x	1.93x	CN¥-90.22 Million
2018	-33.95%	-25.15%	0.57x	2.38x	CN¥-369.87 Million
2019	2.67%	2.51%	0.45x	2.36x	CN¥-63.26 Million
2020	-48.05%	-41.17%	0.38x	3.05x	CN¥-328.31 Million
2021	1.58%	1.10%	0.46x	3.10x	CN¥-48.14 Million
2022	-34.68%	-23.37%	0.38x	3.87x	CN¥-188.49 Million
2023	5.00%	3.33%	0.42x	3.57x	CN¥-22.51 Million
2024	-4.97%	-3.88%	0.39x	3.29x	CN¥-64.18 Million
2025	2.04%	2.10%	0.31x	3.13x	CN¥-34.83 Million

Industry Comparison

This section compares Shanghai Yanhua Smartech Group's net assets metrics with peer companies in the Engineering & Construction industry.

Industry Context

Industry: Engineering & Construction
Average net assets among peers: $1,684,048,967
Average return on equity (ROE) among peers: -14.67%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Yanhua Smartech Group (002178)	CN¥544.52 Million	50.20%	1.48x	$513.76 Million
Shenzhen Ecobeauty Co Ltd (000010)	$1.18 Billion	-89.98%	1.63x	$319.64 Million
Shenzhen Sed Industry Co Ltd (000032)	$9.72 Billion	3.98%	3.73x	$4.37 Billion
NORINCO International Cooperation Ltd (000065)	$119.64 Million	7.91%	0.42x	$2.09 Billion
Shenzhen Tagen Group Co Ltd (000090)	$3.16 Billion	5.48%	1.14x	$926.92 Million
Shandong Hi-Speed Road&Bridge (000498)	$400.51 Million	-44.34%	4.27x	$1.14 Billion
Jinyuan Cement Co Ltd (000546)	$199.97 Million	6.34%	1.39x	$589.45 Million
Hunan Investment Group Co Ltd (000548)	$294.05 Million	-42.13%	2.67x	$317.04 Million
ChengDu Hi-Tech Development Co Ltd (000628)	$198.31 Million	4.14%	13.41x	$2.77 Billion
Gansu Engineering Consulting Group Co Ltd (000779)	$-1.17 Billion	0.00%	0.00x	$524.43 Million
Hainan Expressway Co Ltd (000886)	$2.74 Billion	1.84%	0.19x	$614.96 Million

About Shanghai Yanhua Smartech Group

SHE:002178 China Engineering & Construction

Market Cap

$513.76 Million

CN¥3.51 Billion CNY

Market Cap Rank

#12250 Global

#3573 in China

Share Price

CN¥4.93

Change (1 day)

-3.52%

52-Week Range

CN¥4.93 - CN¥7.79

All Time High

CN¥15.90