Shenzhen Topway Video Communication Co Ltd
Shenzhen Topway Video Communication Co., Ltd. constructs, operates, and maintains cable television (TV) networks in China. It offers cable TV viewing and related value-added services, and internet access services. The company was founded in 1995 and is based in Shenzhen, China. Shenzhen Topway Video Communication Co., Ltd operates as a subsidiary of Shenzhen Media Group Co. Ltd.
Shenzhen Topway Video Communication Co Ltd (002238) - Net Assets
Latest net assets as of September 2025: CN¥2.18 Billion CNY
Based on the latest financial reports, Shenzhen Topway Video Communication Co Ltd (002238) has net assets worth CN¥2.18 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¥4.00 Billion) and total liabilities (CN¥1.83 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¥2.18 Billion |
| % of Total Assets | 54.38% |
| Annual Growth Rate | 6.55% |
| 5-Year Change | 1.36% |
| 10-Year Change | -11.31% |
| Growth Volatility | 20.22 |
Shenzhen Topway Video Communication Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Shenzhen Topway Video Communication 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 Shenzhen Topway Video Communication Co Ltd (2005–2024)
The table below shows the annual net assets of Shenzhen Topway Video Communication Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.32 Billion | -3.69% |
| 2023-12-31 | CN¥2.41 Billion | +1.65% |
| 2022-12-31 | CN¥2.37 Billion | +0.88% |
| 2021-12-31 | CN¥2.35 Billion | +2.64% |
| 2020-12-31 | CN¥2.29 Billion | -16.65% |
| 2019-12-31 | CN¥2.74 Billion | -4.50% |
| 2018-12-31 | CN¥2.87 Billion | +1.64% |
| 2017-12-31 | CN¥2.83 Billion | +1.87% |
| 2016-12-31 | CN¥2.78 Billion | +6.17% |
| 2015-12-31 | CN¥2.61 Billion | +7.06% |
| 2014-12-31 | CN¥2.44 Billion | +48.13% |
| 2013-12-31 | CN¥1.65 Billion | +8.63% |
| 2012-12-31 | CN¥1.52 Billion | +7.83% |
| 2011-12-31 | CN¥1.41 Billion | +6.26% |
| 2010-12-31 | CN¥1.32 Billion | +5.02% |
| 2009-12-31 | CN¥1.26 Billion | +4.73% |
| 2008-12-31 | CN¥1.20 Billion | +77.24% |
| 2007-12-31 | CN¥679.34 Million | -7.10% |
| 2006-12-31 | CN¥731.24 Million | +5.37% |
| 2005-12-31 | CN¥693.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Topway Video Communication 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 182.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.02 Billion | 45.04% |
| Common Stock | CN¥802.56 Million | 35.42% |
| Other Comprehensive Income | CN¥406.60 Million | 17.94% |
| Other Components | CN¥36.18 Million | 1.60% |
| Total Equity | CN¥2.27 Billion | 100.00% |
Shenzhen Topway Video Communication Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Topway Video Communication Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Assembly Biosciences Inc
NASDAQ:ASMB
|
$212.78 Million |
|
Wholetech System Hitech Ltd
TWO:3402
|
$212.83 Million |
|
Alto Ingredients Inc
NASDAQ:ALTO
|
$212.84 Million |
|
Euglena Co. Ltd
F:8EG
|
$212.89 Million |
|
Intelbras S.A. - Indústria de Telecomunicação Eletrônica Brasileira
SA:INTB3
|
$212.69 Million |
|
Lagardere SA
PINK:LGDDF
|
$212.67 Million |
|
ioneer Ltd
PINK:GSCCF
|
$212.63 Million |
|
NanoXplore Inc
OTCQX:NNXPF
|
$212.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Topway Video Communication Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,348,942,234 to 2,265,876,836, a change of -83,065,398 (-3.5%).
- Net loss of 2,809,482 reduced equity.
- Dividend payments of 90,731,044 reduced retained earnings.
- Other comprehensive income increased equity by 8,555,182.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-2.81 Million | -0.12% |
| Dividends Paid | CN¥90.73 Million | -4.0% |
| Other Comprehensive Income | CN¥8.56 Million | +0.38% |
| Other Changes | CN¥1.92 Million | +0.08% |
| Total Change | CN¥- | -3.54% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Topway Video Communication 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: 2.73x
- 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 5.52x to 2.73x 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¥1.40 | CN¥7.72 | x |
| 2006-12-31 | CN¥1.47 | CN¥7.72 | x |
| 2007-12-31 | CN¥1.37 | CN¥7.72 | x |
| 2008-12-31 | CN¥2.04 | CN¥7.72 | x |
| 2009-12-31 | CN¥1.91 | CN¥7.72 | x |
| 2010-12-31 | CN¥2.04 | CN¥7.72 | x |
| 2011-12-31 | CN¥2.11 | CN¥7.72 | x |
| 2012-12-31 | CN¥2.25 | CN¥7.72 | x |
| 2013-12-31 | CN¥1.96 | CN¥7.72 | x |
| 2014-12-31 | CN¥2.92 | CN¥7.72 | x |
| 2015-12-31 | CN¥3.10 | CN¥7.72 | x |
| 2016-12-31 | CN¥3.33 | CN¥7.72 | x |
| 2017-12-31 | CN¥3.39 | CN¥7.72 | x |
| 2018-12-31 | CN¥3.46 | CN¥7.72 | x |
| 2019-12-31 | CN¥3.30 | CN¥7.72 | x |
| 2020-12-31 | CN¥2.76 | CN¥7.72 | x |
| 2021-12-31 | CN¥2.83 | CN¥7.72 | x |
| 2022-12-31 | CN¥2.87 | CN¥7.72 | x |
| 2023-12-31 | CN¥3.00 | CN¥7.72 | x |
| 2024-12-31 | CN¥2.82 | CN¥7.72 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Topway Video Communication 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): -0.12%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -0.22%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.84x
- Recent ROE (-0.12%) is below the historical average (7.71%), 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 | 9.93% | 16.28% | 0.31x | 2.00x | CN¥-491.37K |
| 2006 | 9.24% | 10.61% | 0.39x | 2.24x | CN¥-5.42 Million |
| 2007 | 10.71% | 10.89% | 0.45x | 2.17x | CN¥4.73 Million |
| 2008 | 6.36% | 10.66% | 0.42x | 1.43x | CN¥-43.25 Million |
| 2009 | 6.30% | 10.39% | 0.44x | 1.38x | CN¥-45.94 Million |
| 2010 | 6.60% | 10.72% | 0.46x | 1.34x | CN¥-44.27 Million |
| 2011 | 8.66% | 13.86% | 0.43x | 1.44x | CN¥-18.25 Million |
| 2012 | 8.77% | 14.19% | 0.46x | 1.35x | CN¥-17.89 Million |
| 2013 | 9.14% | 15.40% | 0.45x | 1.32x | CN¥-13.55 Million |
| 2014 | 9.07% | 16.33% | 0.43x | 1.28x | CN¥-21.94 Million |
| 2015 | 10.92% | 15.22% | 0.50x | 1.44x | CN¥23.03 Million |
| 2016 | 11.24% | 17.93% | 0.45x | 1.41x | CN¥33.46 Million |
| 2017 | 8.63% | 14.81% | 0.41x | 1.42x | CN¥-37.44 Million |
| 2018 | 7.11% | 12.64% | 0.40x | 1.41x | CN¥-80.08 Million |
| 2019 | 7.11% | 11.09% | 0.44x | 1.44x | CN¥-76.55 Million |
| 2020 | 8.23% | 10.44% | 0.45x | 1.76x | CN¥-39.07 Million |
| 2021 | 6.25% | 7.98% | 0.48x | 1.63x | CN¥-85.35 Million |
| 2022 | 4.78% | 7.32% | 0.37x | 1.75x | CN¥-120.18 Million |
| 2023 | 5.32% | 8.46% | 0.34x | 1.85x | CN¥-109.82 Million |
| 2024 | -0.12% | -0.22% | 0.31x | 1.84x | CN¥-229.40 Million |
Industry Comparison
This section compares Shenzhen Topway Video Communication Co Ltd's net assets metrics with peer companies in the Broadcasting industry.
Industry Context
- Industry: Broadcasting
- Average net assets among peers: $4,391,395,239
- Average return on equity (ROE) among peers: -2.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Topway Video Communication Co Ltd (002238) | CN¥2.18 Billion | 9.93% | 0.84x | $212.77 Million |
| Hubei Radio and Television Information Network Co Ltd (000665) | $2.32 Billion | 7.92% | 0.43x | $434.69 Million |
| H&R Century Union Corp (000892) | $1.87 Billion | -41.99% | 0.42x | $563.50 Million |
| Beijing Gehua CATV Network Co Ltd (600037) | $13.43 Billion | 4.33% | 0.21x | $885.73 Million |
| Jiangsu Broadcasting Cable inf (600959) | $7.43 Billion | 5.16% | 0.30x | $1.20 Billion |
| Guizhou Broadcasting&TV Info (600996) | $756.58 Million | 7.36% | 3.20x | $631.31 Million |
| TVZone Media Co Ltd (603721) | $537.37 Million | 5.10% | 0.16x | $181.02 Million |