Success Electronics Ltd
Shenzhen Success Electronics Co., Ltd engages in the research and development, production, and sale of LCD screens and modules, touch screens and modules, and touch display integrated modules in China. It offers TN, HTN, STN, CSTN, and TFT LCDs; and GFF, OGS, and GG capacitive touch screens. The company also provides a range of touch and display integrated solutions for smart phone manufacturers.… Read more
Success Electronics Ltd (002289) - Net Assets
Latest net assets as of September 2025: CN¥238.50 Million CNY
Based on the latest financial reports, Success Electronics Ltd (002289) has net assets worth CN¥238.50 Million 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¥439.81 Million) and total liabilities (CN¥201.30 Million). 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¥238.50 Million |
| % of Total Assets | 54.23% |
| Annual Growth Rate | 9.33% |
| 5-Year Change | -17.01% |
| 10-Year Change | -57.21% |
| Growth Volatility | 90.31 |
Success Electronics Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Success Electronics 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 Success Electronics Ltd (2006–2024)
The table below shows the annual net assets of Success Electronics Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥247.52 Million | -0.16% |
| 2023-12-31 | CN¥247.92 Million | +0.47% |
| 2022-12-31 | CN¥246.76 Million | -9.36% |
| 2021-12-31 | CN¥272.23 Million | -8.72% |
| 2020-12-31 | CN¥298.24 Million | -9.56% |
| 2019-12-31 | CN¥329.77 Million | +4.11% |
| 2018-12-31 | CN¥316.74 Million | -32.76% |
| 2017-12-31 | CN¥471.06 Million | -22.09% |
| 2016-12-31 | CN¥604.62 Million | +4.51% |
| 2015-12-31 | CN¥578.50 Million | -65.56% |
| 2014-12-31 | CN¥1.68 Billion | +9.34% |
| 2013-12-31 | CN¥1.54 Billion | +311.47% |
| 2012-12-31 | CN¥373.41 Million | -25.67% |
| 2011-12-31 | CN¥502.37 Million | +9.24% |
| 2010-12-31 | CN¥459.89 Million | -0.22% |
| 2009-12-31 | CN¥460.90 Million | +190.44% |
| 2008-12-31 | CN¥158.69 Million | +29.65% |
| 2007-12-31 | CN¥122.40 Million | +146.15% |
| 2006-12-31 | CN¥49.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Success Electronics 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 decreased by 10074.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥280.25 Million | 121.50% |
| Other Comprehensive Income | CN¥15.91 Million | 6.90% |
| Other Components | CN¥1.71 Billion | 739.32% |
| Total Equity | CN¥230.66 Million | 100.00% |
Success Electronics Ltd Competitors by Market Cap
The table below lists competitors of Success Electronics Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiuzhitang Co Ltd
SHE:000989
|
$544.45 Million |
|
China Camc Engineering Co Ltd
SHE:002051
|
$544.51 Million |
|
Marfrig Global Foods SA
PINK:MRRTY
|
$544.56 Million |
|
Aksa Enerji Uretim AS
IS:AKSEN
|
$544.58 Million |
|
Sinocelltech Group Ltd
SHG:688520
|
$544.30 Million |
|
SCG PACKAGING PCL-NVDR
BK:SCGP-R
|
$544.28 Million |
|
Shantou Wanshun Package Material
SHE:300057
|
$544.27 Million |
|
ANTIN INFRASTR.PRT EO 1
F:8ZU
|
$544.18 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Success Electronics Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 247,924,973 to 230,655,969, a change of -17,269,004 (-7.0%).
- Net loss of 17,574,847 reduced equity.
- Dividend payments of 752,778 reduced retained earnings.
- Other comprehensive income increased equity by 15,914,923.
- Other factors decreased equity by 14,856,302.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-17.57 Million | -7.62% |
| Dividends Paid | CN¥752.78K | -0.33% |
| Other Comprehensive Income | CN¥15.91 Million | +6.9% |
| Other Changes | CN¥-14.86 Million | -6.44% |
| Total Change | CN¥- | -6.97% |
Book Value vs Market Value Analysis
This analysis compares Success Electronics 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: 32.16x
- 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 38.55x to 32.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.69 | CN¥26.46 | x |
| 2007-12-31 | CN¥1.69 | CN¥26.46 | x |
| 2008-12-31 | CN¥1.92 | CN¥26.46 | x |
| 2009-12-31 | CN¥4.99 | CN¥26.46 | x |
| 2010-12-31 | CN¥4.21 | CN¥26.46 | x |
| 2011-12-31 | CN¥4.36 | CN¥26.46 | x |
| 2012-12-31 | CN¥3.17 | CN¥26.46 | x |
| 2013-12-31 | CN¥10.17 | CN¥26.46 | x |
| 2014-12-31 | CN¥6.70 | CN¥26.46 | x |
| 2015-12-31 | CN¥2.03 | CN¥26.46 | x |
| 2016-12-31 | CN¥3.20 | CN¥26.46 | x |
| 2017-12-31 | CN¥1.68 | CN¥26.46 | x |
| 2018-12-31 | CN¥1.13 | CN¥26.46 | x |
| 2019-12-31 | CN¥1.18 | CN¥26.46 | x |
| 2020-12-31 | CN¥1.06 | CN¥26.46 | x |
| 2021-12-31 | CN¥0.97 | CN¥26.46 | x |
| 2022-12-31 | CN¥0.88 | CN¥26.46 | x |
| 2023-12-31 | CN¥0.87 | CN¥26.46 | x |
| 2024-12-31 | CN¥0.82 | CN¥26.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Success Electronics 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): -7.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.98%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.95x
- Recent ROE (-7.62%) is above the historical average (-13.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 32.87% | 10.23% | 1.21x | 2.66x | CN¥11.37 Million |
| 2007 | 30.78% | 12.13% | 1.11x | 2.28x | CN¥25.43 Million |
| 2008 | 22.87% | 7.55% | 1.44x | 2.10x | CN¥20.43 Million |
| 2009 | 7.62% | 6.61% | 0.71x | 1.63x | CN¥-10.96 Million |
| 2010 | 6.17% | 3.81% | 0.90x | 1.81x | CN¥-17.60 Million |
| 2011 | 4.33% | 2.45% | 0.74x | 2.37x | CN¥-27.27 Million |
| 2012 | -35.78% | -12.41% | 0.61x | 4.72x | CN¥-159.94 Million |
| 2013 | 0.53% | 0.56% | 0.38x | 2.51x | CN¥-144.80 Million |
| 2014 | -19.62% | -11.89% | 0.70x | 2.36x | CN¥-493.74 Million |
| 2015 | -192.60% | -32.48% | 1.05x | 5.63x | CN¥-1.16 Billion |
| 2016 | 4.99% | 2.29% | 0.94x | 2.32x | CN¥-30.00 Million |
| 2017 | -27.06% | -31.79% | 0.55x | 1.56x | CN¥-174.56 Million |
| 2018 | -48.72% | -47.58% | 0.54x | 1.89x | CN¥-185.99 Million |
| 2019 | 3.95% | 6.37% | 0.50x | 1.25x | CN¥-19.94 Million |
| 2020 | -10.57% | -22.62% | 0.39x | 1.21x | CN¥-61.36 Million |
| 2021 | -9.55% | -14.14% | 0.51x | 1.32x | CN¥-53.23 Million |
| 2022 | -10.33% | -18.86% | 0.47x | 1.17x | CN¥-50.16 Million |
| 2023 | 0.39% | 0.62% | 0.49x | 1.28x | CN¥-23.83 Million |
| 2024 | -7.62% | -7.98% | 0.49x | 1.95x | CN¥-40.64 Million |
Industry Comparison
This section compares Success Electronics Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Success Electronics Ltd (002289) | CN¥238.50 Million | 32.87% | 0.84x | $544.42 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |