SZZT Electronics Co Ltd (002197) - Net Assets

Latest as of March 2026: CN¥1.85 Billion CNY ≈ $270.28 Million USD

Based on the latest financial reports, SZZT Electronics Co Ltd (002197) has net assets worth CN¥1.85 Billion CNY (≈ $270.28 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¥6.06 Billion ≈ $886.63 Million USD) and total liabilities (CN¥4.21 Billion ≈ $616.35 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 tangible equity quality of SZZT Electronics Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.85 Billion
% of Total Assets	30.48%
Annual Growth Rate	22.64%
5-Year Change	-39.5%
10-Year Change	-33.64%
Growth Volatility	76.14

SZZT Electronics Co Ltd - Net Assets Trend (2004–2025)

This chart illustrates how SZZT Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002197 defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for SZZT Electronics Co Ltd (2004–2025)

The table below shows the annual net assets of SZZT Electronics Co Ltd from 2004 to 2025. For live valuation and market cap data, see SZZT Electronics Co Ltd (002197) total market value.

Year	Net Assets	Change
2025-12-31	CN¥1.84 Billion ≈ $269.28 Million	-17.06%
2024-12-31	CN¥2.22 Billion ≈ $324.67 Million	-12.89%
2023-12-31	CN¥2.55 Billion ≈ $372.69 Million	+1.44%
2022-12-31	CN¥2.51 Billion ≈ $367.39 Million	-17.45%
2021-12-31	CN¥3.04 Billion ≈ $445.06 Million	+25.54%
2020-12-31	CN¥2.42 Billion ≈ $354.51 Million	+0.70%
2019-12-31	CN¥2.41 Billion ≈ $352.07 Million	-0.78%
2018-12-31	CN¥2.42 Billion ≈ $354.85 Million	-13.67%
2017-12-31	CN¥2.81 Billion ≈ $411.04 Million	+1.29%
2016-12-31	CN¥2.77 Billion ≈ $405.80 Million	+122.89%
2015-12-31	CN¥1.24 Billion ≈ $182.07 Million	+10.42%
2014-12-31	CN¥1.13 Billion ≈ $164.89 Million	+4.29%
2013-12-31	CN¥1.08 Billion ≈ $158.10 Million	+99.80%
2012-12-31	CN¥540.75 Million ≈ $79.13 Million	+3.33%
2011-12-31	CN¥523.32 Million ≈ $76.58 Million	+15.78%
2010-12-31	CN¥452.00 Million ≈ $66.14 Million	+6.63%
2009-12-31	CN¥423.91 Million ≈ $62.03 Million	+5.64%
2008-12-31	CN¥401.27 Million ≈ $58.72 Million	+12.95%
2007-12-31	CN¥355.26 Million ≈ $51.99 Million	+318.27%
2006-12-31	CN¥84.94 Million ≈ $12.43 Million	+132.45%
2005-12-31	CN¥36.54 Million ≈ $5.35 Million	+44.24%
2004-12-31	CN¥25.33 Million ≈ $3.71 Million	--

Equity Component Analysis

This analysis shows how different components contribute to SZZT Electronics 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 decreased by 18781.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥2.92 Billion	165.99%
Total Equity	CN¥1.76 Billion	100.00%

SZZT Electronics Co Ltd Competitors by Market Cap

The table below lists competitors of SZZT Electronics Co Ltd ranked by their market capitalization.

Company	Market Cap
Sterling and Wilson Renewable Energy Limited NSE:SWSOLAR	$561.00 Million
Sunny Loan Top Co Ltd SHG:600830	$561.11 Million
Shanghai New World Co Ltd SHG:600628	$561.32 Million
Hyster-Yale Materials Handling Inc NYSE:HY	$561.36 Million
Assure Tech Hangzhou Co Ltd SHG:688075	$560.86 Million
Zenitron Corp TW:3028	$560.58 Million
Ceepower Co Ltd SHE:300062	$560.45 Million
Midi Utama Indonesia Tbk JK:MIDI	$560.32 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,149,423,182 to 1,759,894,295, a change of -389,528,887 (-18.1%).
Net loss of 378,561,090 reduced equity.
Dividend payments of 103,653,209 reduced retained earnings.
Other comprehensive income decreased equity by 127,279,599.
Other factors increased equity by 219,965,011.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-378.56 Million	-21.51%
Dividends Paid	CN¥103.65 Million	-5.89%
Other Comprehensive Income	CN¥-127.28 Million	-7.23%
Other Changes	CN¥219.97 Million	+12.5%
Total Change	CN¥-	-18.12%

Book Value vs Market Value Analysis

This analysis compares SZZT Electronics 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: 2.18x
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 56.61x to 2.18x 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¥0.11	CN¥6.24	x
2005-12-31	CN¥0.16	CN¥6.24	x
2006-12-31	CN¥0.35	CN¥6.24	x
2007-12-31	CN¥1.41	CN¥6.24	x
2008-12-31	CN¥1.19	CN¥6.24	x
2009-12-31	CN¥1.27	CN¥6.24	x
2010-12-31	CN¥1.34	CN¥6.24	x
2011-12-31	CN¥1.56	CN¥6.24	x
2012-12-31	CN¥1.62	CN¥6.24	x
2013-12-31	CN¥3.10	CN¥6.24	x
2014-12-31	CN¥2.70	CN¥6.24	x
2015-12-31	CN¥2.81	CN¥6.24	x
2016-12-31	CN¥6.03	CN¥6.24	x
2017-12-31	CN¥5.14	CN¥6.24	x
2018-12-31	CN¥4.69	CN¥6.24	x
2019-12-31	CN¥4.70	CN¥6.24	x
2020-12-31	CN¥5.32	CN¥6.24	x
2021-12-31	CN¥5.64	CN¥6.24	x
2022-12-31	CN¥4.13	CN¥6.24	x
2023-12-31	CN¥4.15	CN¥6.24	x
2024-12-31	CN¥3.52	CN¥6.24	x
2025-12-31	CN¥2.86	CN¥6.24	x

Capital Efficiency Dashboard

This dashboard shows how efficiently SZZT Electronics 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): -21.51%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -38.19%
• Asset Turnover: 0.18x
• Equity Multiplier: 3.17x
Recent ROE (-21.51%) is below the historical average (5.27%), 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	21.97%	9.30%	1.04x	2.27x	CN¥2.98 Million
2005	29.71%	12.64%	1.07x	2.19x	CN¥6.99 Million
2006	41.94%	18.88%	1.25x	1.77x	CN¥25.06 Million
2007	12.21%	17.55%	0.49x	1.43x	CN¥7.85 Million
2008	16.50%	15.88%	0.65x	1.61x	CN¥25.93 Million
2009	9.62%	7.43%	0.75x	1.72x	CN¥-1.60 Million
2010	12.10%	10.46%	0.57x	2.02x	CN¥9.51 Million
2011	13.61%	10.56%	0.64x	2.03x	CN¥18.99 Million
2012	7.78%	7.22%	0.52x	2.09x	CN¥-12.02 Million
2013	5.09%	6.97%	0.48x	1.53x	CN¥-53.14 Million
2014	5.55%	6.49%	0.50x	1.72x	CN¥-50.22 Million
2015	6.77%	7.24%	0.38x	2.44x	CN¥-38.88 Million
2016	1.99%	3.03%	0.38x	1.74x	CN¥-218.98 Million
2017	1.56%	2.56%	0.32x	1.92x	CN¥-233.59 Million
2018	-10.02%	-18.10%	0.25x	2.17x	CN¥-481.95 Million
2019	0.85%	1.52%	0.22x	2.50x	CN¥-219.02 Million
2020	0.75%	1.37%	0.20x	2.69x	CN¥-223.54 Million
2021	1.24%	3.02%	0.19x	2.14x	CN¥-266.94 Million
2022	-21.32%	-43.90%	0.20x	2.37x	CN¥-790.02 Million
2023	-2.89%	-5.53%	0.20x	2.62x	CN¥-321.18 Million
2024	-17.63%	-40.96%	0.16x	2.70x	CN¥-593.88 Million
2025	-21.51%	-38.19%	0.18x	3.17x	CN¥-554.55 Million

Industry Comparison

This section compares SZZT Electronics Co Ltd's net assets metrics with peer companies in the Information Technology Services industry.

Industry Context

Industry: Information Technology Services
Average net assets among peers: $1,122,743,225
Average return on equity (ROE) among peers: 11.32%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
SZZT Electronics Co Ltd (002197)	CN¥1.85 Billion	21.97%	2.28x	$560.98 Million
Digital China Group Co Ltd (000034)	$106.09 Million	15.80%	2.57x	$2.82 Billion
ZJBC Information Technology Co Ltd (000889)	$2.25 Billion	6.83%	0.51x	$550.78 Million
Yunnan Nantian Electronics Information Co Ltd (000948)	$581.96 Million	5.63%	1.59x	$717.16 Million
Guomai Technologies Inc (002093)	$128.76 Million	18.12%	0.86x	$1.02 Billion
Shanghai HiTech Control System (002184)	$157.63 Million	23.72%	1.02x	$535.55 Million
Talkweb Information System Co Ltd (002261)	$2.58 Billion	-3.89%	1.09x	$5.63 Billion
Westone Information Industry Inc (002268)	$1.28 Billion	9.30%	0.50x	$1.64 Billion
Taiji Computer Corp Ltd (002368)	$1.88 Billion	9.40%	1.05x	$1.55 Billion
COSCO SHIPPING Technology Co Ltd (002401)	$1.14 Billion	16.98%	2.15x	$706.48 Million

About SZZT Electronics Co Ltd

SHE:002197 China Information Technology Services

Market Cap

$560.98 Million

CN¥3.83 Billion CNY

Market Cap Rank

#11800 Global

#3408 in China

Share Price

CN¥6.24

Change (1 day)

+0.48%

52-Week Range

CN¥6.04 - CN¥11.10

All Time High

CN¥29.83