Iflytek Co Ltd
iFLYTEK CO.,LTD, together with its subsidiaries, provides intelligent speech and technology solutions and services in China and internationally. The company offers smart recorder, translator, voicebook, dictionary pen, and space products, as well as microphones; AINOTE, a voice transcription device; Spark Trans, a multilingual simultaneous interpreting system; Deepting, an AI-powered transcriptio… Read more
Iflytek Co Ltd (002230) - Net Assets
Latest net assets as of September 2025: CN¥18.87 Billion CNY
Based on the latest financial reports, Iflytek Co Ltd (002230) has net assets worth CN¥18.87 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¥43.29 Billion) and total liabilities (CN¥24.42 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¥18.87 Billion |
| % of Total Assets | 43.59% |
| Annual Growth Rate | 32.16% |
| 5-Year Change | 44.27% |
| 10-Year Change | 186.9% |
| Growth Volatility | 51.4 |
Iflytek Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Iflytek Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Iflytek Co Ltd (2005–2024)
The table below shows the annual net assets of Iflytek Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥18.71 Billion | +5.54% |
| 2023-12-31 | CN¥17.73 Billion | +5.25% |
| 2022-12-31 | CN¥16.85 Billion | -2.83% |
| 2021-12-31 | CN¥17.34 Billion | +33.65% |
| 2020-12-31 | CN¥12.97 Billion | +10.54% |
| 2019-12-31 | CN¥11.73 Billion | +42.90% |
| 2018-12-31 | CN¥8.21 Billion | +3.26% |
| 2017-12-31 | CN¥7.95 Billion | +10.16% |
| 2016-12-31 | CN¥7.22 Billion | +10.66% |
| 2015-12-31 | CN¥6.52 Billion | +67.20% |
| 2014-12-31 | CN¥3.90 Billion | +12.72% |
| 2013-12-31 | CN¥3.46 Billion | +133.42% |
| 2012-12-31 | CN¥1.48 Billion | +25.04% |
| 2011-12-31 | CN¥1.19 Billion | +79.27% |
| 2010-12-31 | CN¥661.46 Million | +10.42% |
| 2009-12-31 | CN¥599.04 Million | +12.94% |
| 2008-12-31 | CN¥530.40 Million | +208.40% |
| 2007-12-31 | CN¥171.99 Million | +35.59% |
| 2006-12-31 | CN¥126.85 Million | +35.61% |
| 2005-12-31 | CN¥93.54 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Iflytek 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 87641.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.55 Billion | 31.20% |
| Common Stock | CN¥2.31 Billion | 12.99% |
| Other Comprehensive Income | CN¥242.05K | 0.00% |
| Other Components | CN¥9.93 Billion | 55.80% |
| Total Equity | CN¥17.79 Billion | 100.00% |
Iflytek Co Ltd Competitors by Market Cap
The table below lists competitors of Iflytek Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sun Hung Kai Properties Ltd
PINK:SUHJY
|
$12.29 Billion |
|
Origin Energy Ltd
AU:ORG
|
$12.34 Billion |
|
Geely Automobile Holdings Ltd
PINK:GELYF
|
$12.34 Billion |
|
Zhejiang Century Huatong Group Co Ltd
SHE:002602
|
$12.35 Billion |
|
Sonova H Ag
SW:SOON
|
$12.29 Billion |
|
LG Energy Solution Ltd
KO:373220
|
$12.26 Billion |
|
Samsung Heavy Industries
KO:010140
|
$12.25 Billion |
|
DT Midstream Inc
NYSE:DTM
|
$12.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Iflytek Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 17,032,284,511 to 17,793,386,000, a change of 761,101,489 (4.5%).
- Net income of 560,162,664 contributed positively to equity growth.
- Dividend payments of 399,417,378 reduced retained earnings.
- Share repurchases of 98,285,110 reduced equity.
- Other comprehensive income decreased equity by 571,532.
- Other factors increased equity by 699,212,845.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥560.16 Million | +3.15% |
| Dividends Paid | CN¥399.42 Million | -2.24% |
| Share Repurchases | CN¥98.29 Million | -0.55% |
| Other Comprehensive Income | CN¥-571.53K | -0.0% |
| Other Changes | CN¥699.21 Million | +3.93% |
| Total Change | CN¥- | 4.47% |
Book Value vs Market Value Analysis
This analysis compares Iflytek 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: 6.71x
- 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 514.99x to 6.71x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.10 | CN¥51.17 | x |
| 2006-12-31 | CN¥0.13 | CN¥51.17 | x |
| 2007-12-31 | CN¥0.16 | CN¥51.17 | x |
| 2008-12-31 | CN¥0.41 | CN¥51.17 | x |
| 2009-12-31 | CN¥0.42 | CN¥51.17 | x |
| 2010-12-31 | CN¥0.47 | CN¥51.17 | x |
| 2011-12-31 | CN¥0.83 | CN¥51.17 | x |
| 2012-12-31 | CN¥0.92 | CN¥51.17 | x |
| 2013-12-31 | CN¥1.95 | CN¥51.17 | x |
| 2014-12-31 | CN¥2.08 | CN¥51.17 | x |
| 2015-12-31 | CN¥3.34 | CN¥51.17 | x |
| 2016-12-31 | CN¥3.60 | CN¥51.17 | x |
| 2017-12-31 | CN¥3.73 | CN¥51.17 | x |
| 2018-12-31 | CN¥3.82 | CN¥51.17 | x |
| 2019-12-31 | CN¥5.44 | CN¥51.17 | x |
| 2020-12-31 | CN¥5.67 | CN¥51.17 | x |
| 2021-12-31 | CN¥7.33 | CN¥51.17 | x |
| 2022-12-31 | CN¥7.06 | CN¥51.17 | x |
| 2023-12-31 | CN¥7.26 | CN¥51.17 | x |
| 2024-12-31 | CN¥7.62 | CN¥51.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Iflytek 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): 3.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.40%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 2.33x
- Recent ROE (3.15%) is below the historical average (10.99%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 10.91% | 12.24% | 0.49x | 1.83x | CN¥836.73K |
| 2006 | 27.71% | 20.51% | 0.78x | 1.73x | CN¥22.46 Million |
| 2007 | 31.58% | 25.99% | 0.76x | 1.60x | CN¥36.56 Million |
| 2008 | 13.17% | 27.13% | 0.43x | 1.13x | CN¥16.83 Million |
| 2009 | 13.75% | 26.14% | 0.42x | 1.25x | CN¥21.88 Million |
| 2010 | 15.49% | 23.45% | 0.50x | 1.33x | CN¥35.85 Million |
| 2011 | 11.27% | 24.19% | 0.38x | 1.22x | CN¥14.97 Million |
| 2012 | 13.57% | 23.27% | 0.42x | 1.38x | CN¥47.95 Million |
| 2013 | 8.43% | 22.25% | 0.29x | 1.31x | CN¥-52.07 Million |
| 2014 | 10.24% | 21.37% | 0.34x | 1.39x | CN¥8.77 Million |
| 2015 | 6.79% | 17.01% | 0.30x | 1.34x | CN¥-201.48 Million |
| 2016 | 6.86% | 14.59% | 0.32x | 1.47x | CN¥-221.71 Million |
| 2017 | 5.63% | 7.98% | 0.41x | 1.73x | CN¥-337.10 Million |
| 2018 | 6.80% | 6.85% | 0.52x | 1.92x | CN¥-255.04 Million |
| 2019 | 7.17% | 8.13% | 0.50x | 1.76x | CN¥-322.62 Million |
| 2020 | 10.77% | 10.47% | 0.52x | 1.96x | CN¥96.99 Million |
| 2021 | 9.28% | 8.50% | 0.58x | 1.87x | CN¥-121.61 Million |
| 2022 | 3.42% | 2.98% | 0.57x | 2.00x | CN¥-1.08 Billion |
| 2023 | 3.86% | 3.35% | 0.52x | 2.22x | CN¥-1.05 Billion |
| 2024 | 3.15% | 2.40% | 0.56x | 2.33x | CN¥-1.22 Billion |
Industry Comparison
This section compares Iflytek Co Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $3,320,924,911
- Average return on equity (ROE) among peers: 11.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Iflytek Co Ltd (002230) | CN¥18.87 Billion | 10.91% | 1.29x | $12.29 Billion |
| Digital China Information Service Co Ltd (000555) | $-125.57 Million | 0.00% | 0.00x | $1.17 Billion |
| Fujian Newland Computer Co Ltd (000997) | $6.71 Billion | 14.96% | 0.97x | $2.06 Billion |
| YGSOFT Inc (002063) | $2.10 Billion | 8.22% | 0.19x | $1.26 Billion |
| Dhc Software Co Ltd (002065) | $8.61 Billion | 13.26% | 0.30x | $2.40 Billion |
| Zhejiang Netsun Co Ltd (002095) | $1.07 Billion | 1.80% | 0.22x | $322.94 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $51.79 Million | 15.64% | 0.90x | $953.24 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $1.13 Billion | 23.47% | 0.16x | $1.00 Billion |
| Shanghai 2345 Network Holding Group (002195) | $10.18 Billion | 7.45% | 0.12x | $6.64 Billion |
| Wisesoft Co Ltd (002253) | $171.84 Million | 15.22% | 0.51x | $265.79 Million |