Topsec Technologies Group Inc
Topsec Technologies Group Inc., together with its subsidiaries, provides network security and intelligent cloud solutions for basic networks, industrial internet, internet of vehicles, and internet of things in China. It is involved in technical development and consulting, software development and sales, network and information security software development, electronic product sales, and communic… Read more
Topsec Technologies Group Inc (002212) - Net Assets
Latest net assets as of September 2025: CN¥9.31 Billion CNY
Based on the latest financial reports, Topsec Technologies Group Inc (002212) has net assets worth CN¥9.31 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¥10.79 Billion) and total liabilities (CN¥1.48 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¥9.31 Billion |
| % of Total Assets | 86.25% |
| Annual Growth Rate | 24.46% |
| 5-Year Change | -2.05% |
| 10-Year Change | 422.61% |
| Growth Volatility | 56.18 |
Topsec Technologies Group Inc - Net Assets Trend (2004–2024)
This chart illustrates how Topsec Technologies Group Inc's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Topsec Technologies Group Inc (2004–2024)
The table below shows the annual net assets of Topsec Technologies Group Inc from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.40 Billion | -0.54% |
| 2023-12-31 | CN¥9.45 Billion | -3.39% |
| 2022-12-31 | CN¥9.78 Billion | +3.19% |
| 2021-12-31 | CN¥9.48 Billion | -1.20% |
| 2020-12-31 | CN¥9.59 Billion | +7.73% |
| 2019-12-31 | CN¥8.91 Billion | +8.43% |
| 2018-12-31 | CN¥8.21 Billion | +2.23% |
| 2017-12-31 | CN¥8.03 Billion | +45.39% |
| 2016-12-31 | CN¥5.53 Billion | +207.31% |
| 2015-12-31 | CN¥1.80 Billion | +2.73% |
| 2014-12-31 | CN¥1.75 Billion | +2.56% |
| 2013-12-31 | CN¥1.71 Billion | +0.53% |
| 2012-12-31 | CN¥1.70 Billion | -2.14% |
| 2011-12-31 | CN¥1.73 Billion | +6.06% |
| 2010-12-31 | CN¥1.64 Billion | +49.05% |
| 2009-12-31 | CN¥1.10 Billion | -3.15% |
| 2008-12-31 | CN¥1.13 Billion | +161.06% |
| 2007-12-31 | CN¥434.07 Million | +33.60% |
| 2006-12-31 | CN¥324.89 Million | +47.49% |
| 2005-12-31 | CN¥220.28 Million | +86.43% |
| 2004-12-31 | CN¥118.16 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Topsec Technologies Group Inc'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 9536.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.49 Billion | 26.53% |
| Common Stock | CN¥1.18 Billion | 12.56% |
| Other Components | CN¥5.72 Billion | 60.91% |
| Total Equity | CN¥9.39 Billion | 100.00% |
Topsec Technologies Group Inc Competitors by Market Cap
The table below lists competitors of Topsec Technologies Group Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fila Holdings Corp
KO:081660
|
$1.14 Billion |
|
Fugro N.V.
AS:FUR
|
$1.14 Billion |
|
MRC Global Inc
NYSE:MRC
|
$1.14 Billion |
|
Guizhou Aviation Technical Development Co Ltd
SHG:688239
|
$1.14 Billion |
|
Weimob Inc
PINK:WEMXF
|
$1.14 Billion |
|
Shanghai Moons' Elec Co Ltd
SHG:603728
|
$1.14 Billion |
|
Röko AB (publ)
F:N8Q
|
$1.14 Billion |
|
Shenzhen Energy Group Co Ltd
SHE:000027
|
$1.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Topsec Technologies Group Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,446,955,317 to 9,393,418,908, a change of -53,536,409 (-0.6%).
- Net income of 83,013,164 contributed positively to equity growth.
- Dividend payments of 20,937,646 reduced retained earnings.
- Share repurchases of 120,818,132 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥83.01 Million | +0.88% |
| Dividends Paid | CN¥20.94 Million | -0.22% |
| Share Repurchases | CN¥120.82 Million | -1.29% |
| Other Changes | CN¥5.21 Million | +0.06% |
| Total Change | CN¥- | -0.57% |
Book Value vs Market Value Analysis
This analysis compares Topsec Technologies Group Inc'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: 1.03x
- 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 28.53x to 1.03x 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¥0.30 | CN¥8.55 | x |
| 2005-12-31 | CN¥0.51 | CN¥8.55 | x |
| 2006-12-31 | CN¥0.77 | CN¥8.55 | x |
| 2007-12-31 | CN¥1.05 | CN¥8.55 | x |
| 2008-12-31 | CN¥2.33 | CN¥8.55 | x |
| 2009-12-31 | CN¥2.24 | CN¥8.55 | x |
| 2010-12-31 | CN¥3.28 | CN¥8.55 | x |
| 2011-12-31 | CN¥3.23 | CN¥8.55 | x |
| 2012-12-31 | CN¥3.25 | CN¥8.55 | x |
| 2013-12-31 | CN¥3.42 | CN¥8.55 | x |
| 2014-12-31 | CN¥3.38 | CN¥8.55 | x |
| 2015-12-31 | CN¥3.51 | CN¥8.55 | x |
| 2016-12-31 | CN¥11.01 | CN¥8.55 | x |
| 2017-12-31 | CN¥7.18 | CN¥8.55 | x |
| 2018-12-31 | CN¥7.10 | CN¥8.55 | x |
| 2019-12-31 | CN¥7.81 | CN¥8.55 | x |
| 2020-12-31 | CN¥8.39 | CN¥8.55 | x |
| 2021-12-31 | CN¥8.20 | CN¥8.55 | x |
| 2022-12-31 | CN¥8.55 | CN¥8.55 | x |
| 2023-12-31 | CN¥8.30 | CN¥8.55 | x |
| 2024-12-31 | CN¥8.29 | CN¥8.55 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Topsec Technologies Group Inc 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): 0.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.94%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.18x
- Recent ROE (0.88%) is below the historical average (9.79%), 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 | 25.68% | 5.26% | 1.56x | 3.13x | CN¥15.92 Million |
| 2005 | 41.73% | 9.62% | 1.53x | 2.83x | CN¥55.29 Million |
| 2006 | 33.11% | 8.13% | 1.60x | 2.54x | CN¥60.33 Million |
| 2007 | 26.39% | 8.07% | 1.79x | 1.82x | CN¥58.24 Million |
| 2008 | 12.21% | 9.14% | 1.09x | 1.22x | CN¥22.75 Million |
| 2009 | 12.70% | 10.14% | 0.90x | 1.40x | CN¥27.20 Million |
| 2010 | 8.54% | 7.07% | 0.99x | 1.22x | CN¥-22.40 Million |
| 2011 | 8.05% | 6.32% | 1.08x | 1.18x | CN¥-31.91 Million |
| 2012 | 5.53% | 5.32% | 0.79x | 1.32x | CN¥-75.88 Million |
| 2013 | 2.92% | 2.72% | 0.63x | 1.70x | CN¥-120.83 Million |
| 2014 | 2.96% | 2.29% | 0.75x | 1.72x | CN¥-123.25 Million |
| 2015 | 3.14% | 2.47% | 0.72x | 1.75x | CN¥-123.44 Million |
| 2016 | 1.27% | 2.45% | 0.32x | 1.62x | CN¥-482.34 Million |
| 2017 | 5.29% | 8.28% | 0.53x | 1.20x | CN¥-377.78 Million |
| 2018 | 5.91% | 7.70% | 0.63x | 1.21x | CN¥-335.31 Million |
| 2019 | 4.51% | 5.65% | 0.64x | 1.25x | CN¥-488.63 Million |
| 2020 | 4.17% | 7.01% | 0.50x | 1.18x | CN¥-558.46 Million |
| 2021 | 2.43% | 6.86% | 0.29x | 1.22x | CN¥-717.72 Million |
| 2022 | 2.10% | 5.79% | 0.30x | 1.23x | CN¥-772.78 Million |
| 2023 | -3.93% | -11.89% | 0.28x | 1.19x | CN¥-1.32 Billion |
| 2024 | 0.88% | 2.94% | 0.26x | 1.18x | CN¥-856.33 Million |
Industry Comparison
This section compares Topsec Technologies Group Inc's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,428,417,319
- Average return on equity (ROE) among peers: 9.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Topsec Technologies Group Inc (002212) | CN¥9.31 Billion | 25.68% | 0.16x | $1.14 Billion |
| Eastcompeace Technology Co Ltd (002017) | $646.56 Million | 5.49% | 0.83x | $920.25 Million |
| Wiscom System Co Ltd (002090) | $140.01 Million | 26.49% | 1.17x | $628.57 Million |
| Focus Technology Co Ltd (002315) | $2.53 Billion | 17.80% | 0.66x | $907.07 Million |
| Beijing Venustech Inc (002439) | $1.80 Billion | 13.57% | 0.57x | $1.30 Billion |
| Maxvision Technology Corp (002990) | $2.09 Billion | 4.61% | 0.45x | $351.49 Million |
| Wangsu Science Tech (300017) | $708.43 Million | 5.48% | 0.03x | $4.01 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $3.53 Billion | 1.14% | 0.78x | $943.57 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $515.68 Million | 4.04% | 0.03x | $2.36 Billion |
| TIZA Information Industry Corporation Inc (300209) | $887.96 Million | 6.39% | 0.45x | $1.08 Billion |