Success Electronics Ltd (002289) - Net Assets

Latest as of March 2026: CN¥285.53 Million CNY ≈ $41.78 Million USD

Based on the latest financial reports, Success Electronics Ltd (002289) has net assets worth CN¥285.53 Million CNY (≈ $41.78 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¥5.27 Billion ≈ $770.53 Million USD) and total liabilities (CN¥4.98 Billion ≈ $728.74 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. Check 002289 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥285.53 Million
% of Total Assets	5.42%
Annual Growth Rate	8.53%
5-Year Change	-13.48%
10-Year Change	-61.05%
Growth Volatility	88.24

Success Electronics Ltd - Net Assets Trend (2006–2025)

This chart illustrates how Success Electronics Ltd's net assets have evolved over time, based on quarterly financial data. See Success Electronics Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Success Electronics Ltd (2006–2025)

The table below shows the annual net assets of Success Electronics Ltd from 2006 to 2025. For live valuation and market cap data, see market cap of Success Electronics Ltd.

Year	Net Assets	Change
2025-12-31	CN¥235.52 Million ≈ $34.46 Million	-4.84%
2024-12-31	CN¥247.52 Million ≈ $36.22 Million	-0.16%
2023-12-31	CN¥247.92 Million ≈ $36.28 Million	+0.47%
2022-12-31	CN¥246.76 Million ≈ $36.11 Million	-9.36%
2021-12-31	CN¥272.23 Million ≈ $39.84 Million	-8.72%
2020-12-31	CN¥298.24 Million ≈ $43.64 Million	-9.56%
2019-12-31	CN¥329.77 Million ≈ $48.26 Million	+4.11%
2018-12-31	CN¥316.74 Million ≈ $46.35 Million	-32.76%
2017-12-31	CN¥471.06 Million ≈ $68.93 Million	-22.09%
2016-12-31	CN¥604.62 Million ≈ $88.48 Million	+4.51%
2015-12-31	CN¥578.50 Million ≈ $84.65 Million	-65.56%
2014-12-31	CN¥1.68 Billion ≈ $245.83 Million	+9.34%
2013-12-31	CN¥1.54 Billion ≈ $224.83 Million	+311.47%
2012-12-31	CN¥373.41 Million ≈ $54.64 Million	-25.67%
2011-12-31	CN¥502.37 Million ≈ $73.51 Million	+9.24%
2010-12-31	CN¥459.89 Million ≈ $67.30 Million	-0.22%
2009-12-31	CN¥460.90 Million ≈ $67.44 Million	+190.44%
2008-12-31	CN¥158.69 Million ≈ $23.22 Million	+29.65%
2007-12-31	CN¥122.40 Million ≈ $17.91 Million	+146.15%
2006-12-31	CN¥49.72 Million ≈ $7.28 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 10157.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥2.00 Billion	926.31%
Total Equity	CN¥216.07 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
Resolute Mining Ltd AU:RSG	$1.75 Billion
Primaris Retail R.E. Invest. Tr. Units TO:PMZ-UN	$1.75 Billion
Longshine Technology Co Ltd SHE:300682	$1.76 Billion
Elvalhalcor Hellenic Copper and Aluminium Industry S.A AT:ELHA	$1.76 Billion
Louis HachEtte Group SA PA:ALHG	$1.75 Billion
Sunstone Hotel Investors Inc NYSE:SHO	$1.75 Billion
Ennoconn Corp TW:6414	$1.75 Billion
Jamf Holding NASDAQ:JAMF	$1.75 Billion

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 2024 to 2025, total equity changed from 230,655,969 to 216,067,705, a change of -14,588,264 (-6.3%).
Net loss of 14,588,264 reduced equity.
Dividend payments of 16,211,885 reduced retained earnings.
Other comprehensive income decreased equity by 15,914,923.
Other factors increased equity by 32,126,808.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-14.59 Million	-6.75%
Dividends Paid	CN¥16.21 Million	-7.5%
Other Comprehensive Income	CN¥-15.91 Million	-7.37%
Other Changes	CN¥32.13 Million	+14.87%
Total Change	CN¥-	-6.32%

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: 55.46x
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 62.30x to 55.46x 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¥42.76	x
2007-12-31	CN¥1.69	CN¥42.76	x
2008-12-31	CN¥1.92	CN¥42.76	x
2009-12-31	CN¥4.99	CN¥42.76	x
2010-12-31	CN¥4.21	CN¥42.76	x
2011-12-31	CN¥4.36	CN¥42.76	x
2012-12-31	CN¥3.17	CN¥42.76	x
2013-12-31	CN¥10.18	CN¥42.76	x
2014-12-31	CN¥6.70	CN¥42.76	x
2015-12-31	CN¥2.03	CN¥42.76	x
2016-12-31	CN¥2.14	CN¥42.76	x
2017-12-31	CN¥1.68	CN¥42.76	x
2018-12-31	CN¥1.13	CN¥42.76	x
2019-12-31	CN¥1.18	CN¥42.76	x
2020-12-31	CN¥1.06	CN¥42.76	x
2021-12-31	CN¥0.97	CN¥42.76	x
2022-12-31	CN¥0.88	CN¥42.76	x
2023-12-31	CN¥0.87	CN¥42.76	x
2024-12-31	CN¥0.82	CN¥42.76	x
2025-12-31	CN¥0.77	CN¥42.76	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): -6.75%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -4.46%
• Asset Turnover: 0.06x
• Equity Multiplier: 25.67x
Recent ROE (-6.75%) is above the historical average (-12.71%), 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
2025	-6.75%	-4.46%	0.06x	25.67x	CN¥-36.20 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: $21,404,927,234
Average return on equity (ROE) among peers: 44.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Success Electronics Ltd (002289)	CN¥285.53 Million	32.87%	17.44x	$1.75 Billion
Shenzhen Zhongheng Huafa Co Ltd Class A (000020)	$276.94 Million	3.75%	1.41x	$305.93 Million
Shenzhen Desay Battery Technology Co Ltd (000049)	$202.23 Million	1.58%	1.20x	$1.35 Billion
Shenzhen Huakong Seg Co Ltd (000068)	$116.44 Million	-93.06%	2.61x	$481.70 Million
CPT Technology Group Co Ltd (000536)	$52.05 Million	490.89%	0.65x	$1.46 Billion
Guangdong Fenghua Advanced Technology Holding Co Ltd (000636)	$5.53 Billion	18.40%	0.27x	$12.63 Billion
Xiamen Xindeco Ltd (000701)	$920.35 Million	5.21%	1.79x	$491.49 Million
BOE Technology Group Co Ltd (000725)	$197.80 Billion	1.29%	1.12x	$34.84 Billion
China Zhenhua Group Science & Technology Co Ltd (000733)	$2.43 Billion	3.50%	0.53x	$4.85 Billion
Beijing Zhong Ke San Huan High-Tech Co Ltd (000970)	$5.48 Billion	2.36%	0.29x	$2.66 Billion
Guizhou Space Appliance Co Ltd (002025)	$1.25 Billion	7.05%	0.10x	$4.23 Billion

About Success Electronics Ltd

SHE:002289 China Electronic Components

Market Cap

$1.75 Billion

CN¥11.98 Billion CNY

Market Cap Rank

#6749 Global

#1494 in China

Share Price

CN¥42.76

Change (1 day)

+3.38%

52-Week Range

CN¥15.80 - CN¥46.83

All Time High

CN¥46.83