Shanghai HiTech Control System
Shanghai Hi-Tech Control System Co., Ltd, together with its subsidiaries, engages in the manufacturing and system integration of industrial automation products in China and internationally. The company operates in three segments: Industrial Electrical Automation Business, Industrial Information Technology Business, and New Energy Business. It is involved in electrical automation; wholesale distri… Read more
Shanghai HiTech Control System (002184) - Net Assets
Latest net assets as of September 2025: CN¥1.44 Billion CNY
Based on the latest financial reports, Shanghai HiTech Control System (002184) has net assets worth CN¥1.44 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.19 Billion) and total liabilities (CN¥1.75 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.44 Billion |
| % of Total Assets | 45.07% |
| Annual Growth Rate | 12.86% |
| 5-Year Change | 10.82% |
| 10-Year Change | 49.62% |
| Growth Volatility | 44.85 |
Shanghai HiTech Control System - Net Assets Trend (2004–2024)
This chart illustrates how Shanghai HiTech Control System's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shanghai HiTech Control System (2004–2024)
The table below shows the annual net assets of Shanghai HiTech Control System from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.40 Billion | -21.73% |
| 2023-12-31 | CN¥1.79 Billion | +15.32% |
| 2022-12-31 | CN¥1.55 Billion | +8.99% |
| 2021-12-31 | CN¥1.42 Billion | +12.66% |
| 2020-12-31 | CN¥1.26 Billion | +12.32% |
| 2019-12-31 | CN¥1.12 Billion | +4.40% |
| 2018-12-31 | CN¥1.08 Billion | -15.34% |
| 2017-12-31 | CN¥1.27 Billion | +1.65% |
| 2016-12-31 | CN¥1.25 Billion | +33.80% |
| 2015-12-31 | CN¥934.94 Million | +5.64% |
| 2014-12-31 | CN¥885.00 Million | +3.27% |
| 2013-12-31 | CN¥857.00 Million | +3.19% |
| 2012-12-31 | CN¥830.52 Million | -0.74% |
| 2011-12-31 | CN¥836.68 Million | +1.74% |
| 2010-12-31 | CN¥822.35 Million | +3.25% |
| 2009-12-31 | CN¥796.43 Million | +5.59% |
| 2008-12-31 | CN¥754.27 Million | +26.13% |
| 2007-12-31 | CN¥597.99 Million | +204.89% |
| 2006-12-31 | CN¥196.13 Million | +24.43% |
| 2005-12-31 | CN¥157.63 Million | +26.78% |
| 2004-12-31 | CN¥124.33 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai HiTech Control System'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 313.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥200.22 Million | 17.61% |
| Common Stock | CN¥351.91 Million | 30.95% |
| Other Comprehensive Income | CN¥203.10 Million | 17.86% |
| Other Components | CN¥381.68 Million | 33.57% |
| Total Equity | CN¥1.14 Billion | 100.00% |
Shanghai HiTech Control System Competitors by Market Cap
The table below lists competitors of Shanghai HiTech Control System ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Studio Dragon Corporation
KQ:253450
|
$320.51 Million |
|
Deutsche Beteiligungs AG
XETRA:DBAN
|
$320.52 Million |
|
Nanjing Huamai Tech Co Ltd
SHG:603042
|
$320.52 Million |
|
Anhui Fengyuan Pharmaceutical Co Ltd
SHE:000153
|
$320.56 Million |
|
Webjet Limited
PINK:WEBJF
|
$320.47 Million |
|
El Pollo Loco Holdings Inc
NASDAQ:LOCO
|
$320.34 Million |
|
Beijing InterAct Technology Co Ltd
SHE:300419
|
$320.32 Million |
|
Philex Mining Corporation
PINK:PXMFF
|
$320.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai HiTech Control System's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,389,534,282 to 1,136,906,063, a change of -252,628,219 (-18.2%).
- Net loss of 222,743,512 reduced equity.
- Dividend payments of 44,481,327 reduced retained earnings.
- Other comprehensive income increased equity by 203,104,629.
- Other factors decreased equity by 188,508,009.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-222.74 Million | -19.59% |
| Dividends Paid | CN¥44.48 Million | -3.91% |
| Other Comprehensive Income | CN¥203.10 Million | +17.86% |
| Other Changes | CN¥-188.51 Million | -16.58% |
| Total Change | CN¥- | -18.18% |
Book Value vs Market Value Analysis
This analysis compares Shanghai HiTech Control System'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: 3.76x
- 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 24.43x to 3.76x 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¥0.50 | CN¥12.15 | x |
| 2005-12-31 | CN¥0.63 | CN¥12.15 | x |
| 2006-12-31 | CN¥0.81 | CN¥12.15 | x |
| 2007-12-31 | CN¥2.29 | CN¥12.15 | x |
| 2008-12-31 | CN¥2.06 | CN¥12.15 | x |
| 2009-12-31 | CN¥2.15 | CN¥12.15 | x |
| 2010-12-31 | CN¥2.21 | CN¥12.15 | x |
| 2011-12-31 | CN¥2.24 | CN¥12.15 | x |
| 2012-12-31 | CN¥2.21 | CN¥12.15 | x |
| 2013-12-31 | CN¥2.27 | CN¥12.15 | x |
| 2014-12-31 | CN¥2.38 | CN¥12.15 | x |
| 2015-12-31 | CN¥2.51 | CN¥12.15 | x |
| 2016-12-31 | CN¥3.26 | CN¥12.15 | x |
| 2017-12-31 | CN¥3.10 | CN¥12.15 | x |
| 2018-12-31 | CN¥2.63 | CN¥12.15 | x |
| 2019-12-31 | CN¥2.75 | CN¥12.15 | x |
| 2020-12-31 | CN¥3.05 | CN¥12.15 | x |
| 2021-12-31 | CN¥3.37 | CN¥12.15 | x |
| 2022-12-31 | CN¥3.66 | CN¥12.15 | x |
| 2023-12-31 | CN¥3.95 | CN¥12.15 | x |
| 2024-12-31 | CN¥3.23 | CN¥12.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai HiTech Control System 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): -19.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.48%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 3.27x
- Recent ROE (-19.59%) is below the historical average (6.76%), 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 | 26.94% | 6.16% | 2.02x | 2.16x | CN¥19.90 Million |
| 2005 | 25.00% | 5.79% | 2.03x | 2.13x | CN¥22.44 Million |
| 2006 | 24.68% | 6.25% | 2.00x | 1.97x | CN¥28.15 Million |
| 2007 | 9.14% | 5.48% | 1.10x | 1.52x | CN¥-4.88 Million |
| 2008 | 8.17% | 5.01% | 1.18x | 1.39x | CN¥-12.15 Million |
| 2009 | 5.95% | 3.59% | 1.19x | 1.39x | CN¥-28.21 Million |
| 2010 | 4.21% | 2.19% | 1.27x | 1.52x | CN¥-41.41 Million |
| 2011 | 2.83% | 1.54% | 1.16x | 1.59x | CN¥-51.95 Million |
| 2012 | 0.31% | 0.17% | 1.03x | 1.73x | CN¥-69.35 Million |
| 2013 | 4.21% | 2.16% | 1.12x | 1.74x | CN¥-42.62 Million |
| 2014 | 7.22% | 3.59% | 1.00x | 2.02x | CN¥-21.39 Million |
| 2015 | 9.58% | 4.47% | 0.90x | 2.38x | CN¥-3.45 Million |
| 2016 | 1.21% | 0.77% | 0.81x | 1.94x | CN¥-97.59 Million |
| 2017 | 1.31% | 0.71% | 0.95x | 1.94x | CN¥-96.52 Million |
| 2018 | -17.28% | -9.44% | 0.80x | 2.30x | CN¥-251.87 Million |
| 2019 | 5.42% | 2.55% | 1.02x | 2.09x | CN¥-44.36 Million |
| 2020 | 11.82% | 5.61% | 0.97x | 2.18x | CN¥19.52 Million |
| 2021 | 11.34% | 5.39% | 0.97x | 2.17x | CN¥15.90 Million |
| 2022 | 11.00% | 5.24% | 0.86x | 2.43x | CN¥12.84 Million |
| 2023 | 8.44% | 3.30% | 0.79x | 3.24x | CN¥-21.65 Million |
| 2024 | -19.59% | -9.48% | 0.63x | 3.27x | CN¥-336.43 Million |
Industry Comparison
This section compares Shanghai HiTech Control System's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,495,937,016
- Average return on equity (ROE) among peers: 7.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai HiTech Control System (002184) | CN¥1.44 Billion | 26.94% | 1.22x | $320.48 Million |
| ZJBC Information Technology Co Ltd (000889) | $2.34 Billion | 0.86% | 0.59x | $286.23 Million |
| Yunnan Nantian Electronics Information Co Ltd (000948) | $544.17 Million | 2.19% | 1.16x | $554.08 Million |
| Guomai Technologies Inc (002093) | $128.76 Million | 18.12% | 0.86x | $675.52 Million |
| SZZT Electronics Co Ltd (002197) | $1.08 Billion | 5.10% | 0.54x | $534.28 Million |
| Talkweb Information System Co Ltd (002261) | $2.58 Billion | -3.89% | 1.09x | $5.05 Billion |
| Westone Information Industry Inc (002268) | $615.76 Million | 14.05% | 0.27x | $1.36 Billion |
| Taiji Computer Corp Ltd (002368) | $3.42 Billion | 9.80% | 2.11x | $1.05 Billion |
| Shenzhen Das Intellitech Co Ltd (002421) | $118.90 Million | 16.46% | 0.87x | $668.47 Million |
| Ronglian Group Ltd (002642) | $2.63 Billion | 1.35% | 0.41x | $574.03 Million |