Westone Information Industry Inc
CETC Cyberspace Security Technology Co., Ltd. provides network information security products and services to the government, military, and enterprises across various industries in China. It offers sound products, including chips, modules, platforms, overall units, systems, solutions, and security services for network security, host security, data security, application security, etc. The company w… Read more
Westone Information Industry Inc (002268) - Net Assets
Latest net assets as of September 2025: CN¥5.38 Billion CNY
Based on the latest financial reports, Westone Information Industry Inc (002268) has net assets worth CN¥5.38 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¥6.74 Billion) and total liabilities (CN¥1.35 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¥5.38 Billion |
| % of Total Assets | 79.9% |
| Annual Growth Rate | 23.58% |
| 5-Year Change | 19.74% |
| 10-Year Change | 292.6% |
| Growth Volatility | 50.8 |
Westone Information Industry Inc - Net Assets Trend (2005–2024)
This chart illustrates how Westone Information Industry 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 Westone Information Industry Inc (2005–2024)
The table below shows the annual net assets of Westone Information Industry Inc from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.65 Billion | +1.98% |
| 2023-12-31 | CN¥5.54 Billion | +5.54% |
| 2022-12-31 | CN¥5.25 Billion | +4.00% |
| 2021-12-31 | CN¥5.05 Billion | +6.98% |
| 2020-12-31 | CN¥4.72 Billion | +2.50% |
| 2019-12-31 | CN¥4.60 Billion | +3.32% |
| 2018-12-31 | CN¥4.45 Billion | +1.52% |
| 2017-12-31 | CN¥4.39 Billion | +178.96% |
| 2016-12-31 | CN¥1.57 Billion | +9.31% |
| 2015-12-31 | CN¥1.44 Billion | +12.08% |
| 2014-12-31 | CN¥1.28 Billion | +102.49% |
| 2013-12-31 | CN¥633.99 Million | +5.64% |
| 2012-12-31 | CN¥600.16 Million | -2.53% |
| 2011-12-31 | CN¥615.76 Million | +23.87% |
| 2010-12-31 | CN¥497.11 Million | +22.94% |
| 2009-12-31 | CN¥404.37 Million | +6.90% |
| 2008-12-31 | CN¥378.26 Million | +146.05% |
| 2007-12-31 | CN¥153.73 Million | +32.05% |
| 2006-12-31 | CN¥116.42 Million | +15.02% |
| 2005-12-31 | CN¥101.22 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Westone Information Industry 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 7452.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.11 Billion | 37.38% |
| Common Stock | CN¥845.68 Million | 14.98% |
| Other Comprehensive Income | CN¥164.00 Million | 2.90% |
| Other Components | CN¥2.53 Billion | 44.74% |
| Total Equity | CN¥5.65 Billion | 100.00% |
Westone Information Industry Inc Competitors by Market Cap
The table below lists competitors of Westone Information Industry Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xenia Hotels & Resorts Inc
NYSE:XHR
|
$1.36 Billion |
|
JinkoSolar Holding Company Limited
NYSE:JKS
|
$1.36 Billion |
|
Zhejiang Narada Power Source
SHE:300068
|
$1.36 Billion |
|
Qfin Holdings, Inc.
F:CKR0
|
$1.36 Billion |
|
Sally Beauty Holdings Inc
NYSE:SBH
|
$1.36 Billion |
|
Fujian Funeng Co Ltd
SHG:600483
|
$1.36 Billion |
|
Peker Gayrimenkul Yatirim Ortakligi AS
IS:PEKGY
|
$1.36 Billion |
|
Shandong Weigao Group Medical Polymer Company Limited
F:UK2
|
$1.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Westone Information Industry Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,536,555,722 to 5,646,306,741, a change of 109,751,019 (2.0%).
- Net income of 158,150,560 contributed positively to equity growth.
- Dividend payments of 50,603,587 reduced retained earnings.
- Share repurchases of 603,624 reduced equity.
- Other comprehensive income increased equity by 3,255,339.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥158.15 Million | +2.8% |
| Dividends Paid | CN¥50.60 Million | -0.9% |
| Share Repurchases | CN¥603.62K | -0.01% |
| Other Comprehensive Income | CN¥3.26 Million | +0.06% |
| Other Changes | CN¥-447.67K | -0.01% |
| Total Change | CN¥- | 1.98% |
Book Value vs Market Value Analysis
This analysis compares Westone Information Industry 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: 2.78x
- 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 80.70x to 2.78x 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¥0.23 | CN¥18.56 | x |
| 2006-12-31 | CN¥0.26 | CN¥18.56 | x |
| 2007-12-31 | CN¥0.34 | CN¥18.56 | x |
| 2008-12-31 | CN¥0.78 | CN¥18.56 | x |
| 2009-12-31 | CN¥0.70 | CN¥18.56 | x |
| 2010-12-31 | CN¥0.82 | CN¥18.56 | x |
| 2011-12-31 | CN¥0.93 | CN¥18.56 | x |
| 2012-12-31 | CN¥0.95 | CN¥18.56 | x |
| 2013-12-31 | CN¥0.81 | CN¥18.56 | x |
| 2014-12-31 | CN¥1.78 | CN¥18.56 | x |
| 2015-12-31 | CN¥1.98 | CN¥18.56 | x |
| 2016-12-31 | CN¥2.15 | CN¥18.56 | x |
| 2017-12-31 | CN¥5.36 | CN¥18.56 | x |
| 2018-12-31 | CN¥5.26 | CN¥18.56 | x |
| 2019-12-31 | CN¥5.43 | CN¥18.56 | x |
| 2020-12-31 | CN¥5.61 | CN¥18.56 | x |
| 2021-12-31 | CN¥5.94 | CN¥18.56 | x |
| 2022-12-31 | CN¥6.19 | CN¥18.56 | x |
| 2023-12-31 | CN¥6.55 | CN¥18.56 | x |
| 2024-12-31 | CN¥6.68 | CN¥18.56 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Westone Information Industry 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): 2.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.41%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.27x
- Recent ROE (2.80%) is below the historical average (9.66%), 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 | 20.06% | 16.52% | 0.60x | 2.04x | CN¥9.49 Million |
| 2006 | 18.56% | 12.27% | 0.77x | 1.98x | CN¥9.25 Million |
| 2007 | 23.77% | 16.80% | 0.79x | 1.79x | CN¥19.55 Million |
| 2008 | 9.49% | 16.33% | 0.46x | 1.26x | CN¥-1.86 Million |
| 2009 | 9.22% | 13.24% | 0.54x | 1.28x | CN¥-3.00 Million |
| 2010 | 14.30% | 17.22% | 0.56x | 1.48x | CN¥19.59 Million |
| 2011 | 16.80% | 17.01% | 0.65x | 1.51x | CN¥35.02 Million |
| 2012 | 3.41% | 5.63% | 0.38x | 1.58x | CN¥-34.53 Million |
| 2013 | 13.13% | 9.56% | 0.86x | 1.59x | CN¥17.54 Million |
| 2014 | 9.69% | 9.66% | 0.64x | 1.57x | CN¥-3.77 Million |
| 2015 | 10.86% | 9.28% | 0.61x | 1.91x | CN¥11.76 Million |
| 2016 | 10.46% | 8.66% | 0.49x | 2.45x | CN¥6.84 Million |
| 2017 | 3.94% | 7.91% | 0.37x | 1.34x | CN¥-260.52 Million |
| 2018 | 2.73% | 6.22% | 0.31x | 1.41x | CN¥-320.48 Million |
| 2019 | 3.42% | 7.40% | 0.35x | 1.31x | CN¥-299.31 Million |
| 2020 | 3.43% | 6.77% | 0.37x | 1.38x | CN¥-309.31 Million |
| 2021 | 5.00% | 8.51% | 0.42x | 1.40x | CN¥-251.60 Million |
| 2022 | 5.86% | 8.92% | 0.45x | 1.45x | CN¥-216.85 Million |
| 2023 | 6.30% | 11.35% | 0.40x | 1.38x | CN¥-204.89 Million |
| 2024 | 2.80% | 6.41% | 0.34x | 1.27x | CN¥-406.48 Million |
Industry Comparison
This section compares Westone Information Industry Inc's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,493,962,849
- Average return on equity (ROE) among peers: 6.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Westone Information Industry Inc (002268) | CN¥5.38 Billion | 20.06% | 0.25x | $1.36 Billion |
| ZJBC Information Technology Co Ltd (000889) | $2.34 Billion | 0.86% | 0.59x | $286.23 Million |
| Yunnan Nantian Electronics Information Co Ltd (000948) | $544.17 Million | 2.19% | 1.16x | $554.08 Million |
| Guomai Technologies Inc (002093) | $128.76 Million | 18.12% | 0.86x | $675.52 Million |
| Shanghai HiTech Control System (002184) | $597.99 Million | 8.70% | 0.45x | $320.48 Million |
| SZZT Electronics Co Ltd (002197) | $1.08 Billion | 5.10% | 0.54x | $534.28 Million |
| Talkweb Information System Co Ltd (002261) | $2.58 Billion | -3.89% | 1.09x | $5.05 Billion |
| Taiji Computer Corp Ltd (002368) | $3.42 Billion | 9.80% | 2.11x | $1.05 Billion |
| Shenzhen Das Intellitech Co Ltd (002421) | $118.90 Million | 16.46% | 0.87x | $668.47 Million |
| Ronglian Group Ltd (002642) | $2.63 Billion | 1.35% | 0.41x | $574.03 Million |