Success Electronics Ltd (002289) - Net Assets

Latest as of September 2025: CN¥238.50 Million CNY ≈ $34.90 Million USD

Based on the latest financial reports, Success Electronics Ltd (002289) has net assets worth CN¥238.50 Million CNY (≈ $34.90 Million USD) 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 ≈ $64.36 Million USD) and total liabilities (CN¥201.30 Million ≈ $29.46 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. Read debt load of Success Electronics Ltd for a breakdown of total debt and financial obligations.

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. Also explore 002289 asset base for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market cap of Success Electronics Ltd.

Year	Net Assets	Change
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 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
Proeduca Altus S.A. MC:PRO	$1.50 Billion
ALPEK S.A.B. de C.V MX:ALPEKA	$1.50 Billion
North Long Dragon New Materials Technology Co. Ltd. A SHE:301357	$1.50 Billion
Accelerant Holdings NYSE:ARX	$1.50 Billion
SM Entertainment Co. Ltd KQ:041510	$1.50 Billion
Yantai China Pet Foods Co Ltd SHE:002891	$1.50 Billion
Flight Centre Travel Group Ltd AU:FLT	$1.50 Billion
NH SPAC 8 KQ:218410	$1.50 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 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: 44.43x
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 53.26x to 44.43x 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¥36.56	x
2007-12-31	CN¥1.69	CN¥36.56	x
2008-12-31	CN¥1.92	CN¥36.56	x
2009-12-31	CN¥4.99	CN¥36.56	x
2010-12-31	CN¥4.21	CN¥36.56	x
2011-12-31	CN¥4.36	CN¥36.56	x
2012-12-31	CN¥3.17	CN¥36.56	x
2013-12-31	CN¥10.17	CN¥36.56	x
2014-12-31	CN¥6.70	CN¥36.56	x
2015-12-31	CN¥2.03	CN¥36.56	x
2016-12-31	CN¥3.20	CN¥36.56	x
2017-12-31	CN¥1.68	CN¥36.56	x
2018-12-31	CN¥1.13	CN¥36.56	x
2019-12-31	CN¥1.18	CN¥36.56	x
2020-12-31	CN¥1.06	CN¥36.56	x
2021-12-31	CN¥0.97	CN¥36.56	x
2022-12-31	CN¥0.88	CN¥36.56	x
2023-12-31	CN¥0.87	CN¥36.56	x
2024-12-31	CN¥0.82	CN¥36.56	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: $2,959,429,291
Average return on equity (ROE) among peers: 10.19%

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	$1.50 Billion
Shenzhen Zhongheng Huafa Co Ltd Class A (000020)	$266.56 Million	3.44%	1.72x	$423.10 Million
Shenzhen Desay Battery Technology Co Ltd (000049)	$2.86 Billion	17.55%	2.07x	$1.63 Billion
Shenzhen Huakong Seg Co Ltd (000068)	$1.09 Billion	2.98%	1.57x	$483.17 Million
CPT Technology Group Co Ltd (000536)	$3.32 Billion	10.43%	0.37x	$1.59 Billion
Guangdong Fenghua Advanced Technology Holding Co Ltd (000636)	$6.06 Billion	5.92%	0.45x	$4.25 Billion
Xiamen Xindeco Ltd (000701)	$217.53 Million	0.00%	0.71x	$586.43 Million
BOE Technology Group Co Ltd (000725)	$466.65 Million	21.84%	0.74x	$21.70 Billion
China Zhenhua Group Science & Technology Co Ltd (000733)	$9.75 Billion	24.43%	0.39x	$3.46 Billion
Beijing Zhong Ke San Huan High-Tech Co Ltd (000970)	$4.17 Billion	8.18%	0.30x	$2.15 Billion
Guizhou Space Appliance Co Ltd (002025)	$1.38 Billion	7.09%	0.20x	$4.88 Billion

About Success Electronics Ltd

SHE:002289 China Electronic Components

Market Cap

$1.50 Billion

CN¥10.25 Billion CNY

Market Cap Rank

#7396 Global

#1767 in China

Share Price

CN¥36.56

Change (1 day)

+5.00%

52-Week Range

CN¥9.46 - CN¥41.31

All Time High

CN¥41.31