Shenzhen Topway Video Communication Co Ltd (002238) - Net Assets
Based on the latest financial reports, Shenzhen Topway Video Communication Co Ltd (002238) has net assets worth CN¥2.01 Billion CNY (≈ $293.60 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¥3.55 Billion ≈ $518.87 Million USD) and total liabilities (CN¥1.54 Billion ≈ $225.27 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. Also explore net asset momentum of Shenzhen Topway Video Communication Co L to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.01 Billion |
| % of Total Assets | 56.58% |
| Annual Growth Rate | 5.51% |
| 5-Year Change | -13.56% |
| 10-Year Change | -26.88% |
| Growth Volatility | 20.21 |
Shenzhen Topway Video Communication Co Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Shenzhen Topway Video Communication Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 002238 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Annual Net Assets for Shenzhen Topway Video Communication Co Ltd (2005–2025)
The table below shows the annual net assets of Shenzhen Topway Video Communication Co Ltd from 2005 to 2025. For live market cap and overall valuation, see 002238 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.03 Billion ≈ $296.92 Million |
-12.47% |
| 2024-12-31 | CN¥2.32 Billion ≈ $339.24 Million |
-3.69% |
| 2023-12-31 | CN¥2.41 Billion ≈ $352.25 Million |
+1.65% |
| 2022-12-31 | CN¥2.37 Billion ≈ $346.54 Million |
+0.88% |
| 2021-12-31 | CN¥2.35 Billion ≈ $343.51 Million |
+2.64% |
| 2020-12-31 | CN¥2.29 Billion ≈ $334.68 Million |
-16.65% |
| 2019-12-31 | CN¥2.74 Billion ≈ $401.53 Million |
-4.50% |
| 2018-12-31 | CN¥2.87 Billion ≈ $420.45 Million |
+1.64% |
| 2017-12-31 | CN¥2.83 Billion ≈ $413.67 Million |
+1.87% |
| 2016-12-31 | CN¥2.78 Billion ≈ $406.07 Million |
+6.17% |
| 2015-12-31 | CN¥2.61 Billion ≈ $382.49 Million |
+7.06% |
| 2014-12-31 | CN¥2.44 Billion ≈ $357.28 Million |
+48.13% |
| 2013-12-31 | CN¥1.65 Billion ≈ $241.20 Million |
+8.63% |
| 2012-12-31 | CN¥1.52 Billion ≈ $222.04 Million |
+7.83% |
| 2011-12-31 | CN¥1.41 Billion ≈ $205.91 Million |
+6.26% |
| 2010-12-31 | CN¥1.32 Billion ≈ $193.79 Million |
+5.02% |
| 2009-12-31 | CN¥1.26 Billion ≈ $184.52 Million |
+4.73% |
| 2008-12-31 | CN¥1.20 Billion ≈ $176.19 Million |
+77.24% |
| 2007-12-31 | CN¥679.34 Million ≈ $99.41 Million |
-7.10% |
| 2006-12-31 | CN¥731.24 Million ≈ $107.00 Million |
+5.37% |
| 2005-12-31 | CN¥693.96 Million ≈ $101.55 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 120.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥794.19 Million | 40.27% |
| Other Components | CN¥1.18 Billion | 59.73% |
| Total Equity | CN¥1.97 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 |
|---|---|
|
Gokul Agro Resources Limited
NSE:GOKULAGRO
|
$724.61 Million |
|
Chongqing Changan Automobile Co Ltd
SHE:200625
|
$725.07 Million |
|
Ponsse Oyj 1
HE:PON1V
|
$725.08 Million |
|
Citic Press Corp
SHE:300788
|
$725.12 Million |
|
Paul Hartmann AG
F:PHH2
|
$724.56 Million |
|
Hangzhou Jiebai Group Co Ltd
SHG:600814
|
$723.91 Million |
|
Svenska Cellulosa Aktiebolaget SCA (publ)
ST:SCA-A
|
$723.78 Million |
|
Oscotec Inc
KQ:039200
|
$723.68 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 2024 to 2025, total equity changed from 2,265,876,836 to 1,972,215,252, a change of -293,661,584 (-13.0%).
- Net loss of 193,163,896 reduced equity.
- Dividend payments of 50,142,022 reduced retained earnings.
- Other comprehensive income decreased equity by 406,597,328.
- Other factors increased equity by 356,241,661.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-193.16 Million | -9.79% |
| Dividends Paid | CN¥50.14 Million | -2.54% |
| Other Comprehensive Income | CN¥-406.60 Million | -20.62% |
| Other Changes | CN¥356.24 Million | +18.06% |
| Total Change | CN¥- | -12.96% |
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: 2.51x
- 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 4.41x to 2.51x 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¥6.17 | x |
| 2006-12-31 | CN¥1.47 | CN¥6.17 | x |
| 2007-12-31 | CN¥1.37 | CN¥6.17 | x |
| 2008-12-31 | CN¥2.04 | CN¥6.17 | x |
| 2009-12-31 | CN¥1.91 | CN¥6.17 | x |
| 2010-12-31 | CN¥2.04 | CN¥6.17 | x |
| 2011-12-31 | CN¥2.11 | CN¥6.17 | x |
| 2012-12-31 | CN¥2.24 | CN¥6.17 | x |
| 2013-12-31 | CN¥1.96 | CN¥6.17 | x |
| 2014-12-31 | CN¥2.92 | CN¥6.17 | x |
| 2015-12-31 | CN¥3.10 | CN¥6.17 | x |
| 2016-12-31 | CN¥3.33 | CN¥6.17 | x |
| 2017-12-31 | CN¥3.39 | CN¥6.17 | x |
| 2018-12-31 | CN¥3.46 | CN¥6.17 | x |
| 2019-12-31 | CN¥3.23 | CN¥6.17 | x |
| 2020-12-31 | CN¥2.79 | CN¥6.17 | x |
| 2021-12-31 | CN¥2.88 | CN¥6.17 | x |
| 2022-12-31 | CN¥2.93 | CN¥6.17 | x |
| 2023-12-31 | CN¥3.00 | CN¥6.17 | x |
| 2024-12-31 | CN¥2.82 | CN¥6.17 | x |
| 2025-12-31 | CN¥2.46 | CN¥6.17 | 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): -9.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -14.95%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.84x
- Recent ROE (-9.79%) is below the historical average (7.04%), 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 | 12.05% | 14.55% | 0.63x | 1.32x | CN¥32.17 Million |
| 2014 | 9.43% | 11.10% | 0.66x | 1.28x | CN¥-13.41 Million |
| 2015 | 10.92% | 15.22% | 0.50x | 1.44x | CN¥23.03 Million |
| 2016 | 11.33% | 18.02% | 0.45x | 1.41x | CN¥35.92 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 |
| 2025 | -9.79% | -14.95% | 0.36x | 1.84x | CN¥-390.39 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: $2,792,029,389
- Average return on equity (ROE) among peers: 9.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Topway Video Communication Co Ltd (002238) | CN¥2.01 Billion | 9.93% | 0.77x | $724.60 Million |
| Hubei Radio and Television Information Network Co Ltd (000665) | $491.71 Million | 6.39% | 0.59x | $668.93 Million |
| H&R Century Union Corp (000892) | $416.04 Million | 10.12% | 0.78x | $600.03 Million |
| Beijing Gehua CATV Network Co Ltd (600037) | $5.78 Billion | 6.51% | 0.78x | $1.43 Billion |
| Jiangsu Broadcasting Cable inf (600959) | $7.84 Billion | 6.39% | 0.46x | $2.27 Billion |
| Guizhou Broadcasting&TV Info (600996) | $1.68 Billion | 24.72% | 1.14x | $1.27 Billion |
| TVZone Media Co Ltd (603721) | $537.37 Million | 5.10% | 0.16x | $340.51 Million |
About 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, 5G mobile communication, cable broadband 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 Shenzh… Read more