SUNSEA Telecommunications Co Ltd
Sunsea AIoT Technology Co., Ltd. provides Internet of Things products and services to telecom operators, ICT equipment vendors, system integrators, and enterprise customers in China and internationally. It also provides cable broadband products, including optical products, optical-copper hybrid products, OSP products, etc.; FTTx solutions; macro and micro station wireless coverage solutions; and … Read more
SUNSEA Telecommunications Co Ltd (002313) - Net Assets
Latest net assets as of September 2025: CN¥8.55 Million CNY
Based on the latest financial reports, SUNSEA Telecommunications Co Ltd (002313) has net assets worth CN¥8.55 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¥3.03 Billion) and total liabilities (CN¥3.02 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¥8.55 Million |
| % of Total Assets | 0.28% |
| Annual Growth Rate | -4.01% |
| 5-Year Change | -97.44% |
| 10-Year Change | -97.22% |
| Growth Volatility | 86.12 |
SUNSEA Telecommunications Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how SUNSEA Telecommunications Co 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 SUNSEA Telecommunications Co Ltd (2006–2024)
The table below shows the annual net assets of SUNSEA Telecommunications Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥61.56 Million | -68.31% |
| 2023-12-31 | CN¥194.23 Million | -70.36% |
| 2022-12-31 | CN¥655.27 Million | -67.87% |
| 2021-12-31 | CN¥2.04 Billion | -15.19% |
| 2020-12-31 | CN¥2.40 Billion | +21.20% |
| 2019-12-31 | CN¥1.98 Billion | -3.57% |
| 2018-12-31 | CN¥2.06 Billion | +1.36% |
| 2017-12-31 | CN¥2.03 Billion | -8.99% |
| 2016-12-31 | CN¥2.23 Billion | +0.78% |
| 2015-12-31 | CN¥2.21 Billion | -1.51% |
| 2014-12-31 | CN¥2.25 Billion | -0.71% |
| 2013-12-31 | CN¥2.26 Billion | +5.80% |
| 2012-12-31 | CN¥2.14 Billion | +91.63% |
| 2011-12-31 | CN¥1.12 Billion | +20.29% |
| 2010-12-31 | CN¥928.11 Million | +11.51% |
| 2009-12-31 | CN¥832.34 Million | +336.83% |
| 2008-12-31 | CN¥190.54 Million | +22.33% |
| 2007-12-31 | CN¥155.76 Million | +21.17% |
| 2006-12-31 | CN¥128.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SUNSEA Telecommunications 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 decreased by 4405.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥374.40 Million | 563.22% |
| Other Comprehensive Income | CN¥-115.04 Million | -173.06% |
| Other Components | CN¥2.06 Billion | 3095.51% |
| Total Equity | CN¥66.47 Million | 100.00% |
SUNSEA Telecommunications Co Ltd Competitors by Market Cap
The table below lists competitors of SUNSEA Telecommunications Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NorthStar Healthcare Income Inc
PINK:NHHS
|
$343.57 Million |
|
NEXTIN Inc
KQ:348210
|
$343.58 Million |
|
Jiangsu Allfavor Intelligent Circuits Technology CO.Ltd
SHE:300964
|
$343.59 Million |
|
Jinhui Mining Co Ltd
SHG:603132
|
$343.70 Million |
|
Ambac Financial Group Inc
NYSE:AMBC
|
$343.48 Million |
|
Sk Securities
KO:001510
|
$343.46 Million |
|
Pareto Bank ASA
OL:PARB
|
$343.41 Million |
|
Microvast Holdings Inc
NASDAQ:MVST
|
$343.24 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SUNSEA Telecommunications Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 200,479,975 to 66,474,711, a change of -134,005,264 (-66.8%).
- Net loss of 133,734,533 reduced equity.
- Dividend payments of 77,997,947 reduced retained earnings.
- Share repurchases of 2,484,538 reduced equity.
- Other comprehensive income decreased equity by 270,731.
- Other factors increased equity by 80,482,485.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-133.73 Million | -201.18% |
| Dividends Paid | CN¥78.00 Million | -117.33% |
| Share Repurchases | CN¥2.48 Million | -3.74% |
| Other Comprehensive Income | CN¥-270.73K | -0.41% |
| Other Changes | CN¥80.48 Million | +121.07% |
| Total Change | CN¥- | -66.84% |
Book Value vs Market Value Analysis
This analysis compares SUNSEA Telecommunications 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: 51.36x
- 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 increased from 12.19x to 51.36x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.75 | CN¥9.19 | x |
| 2007-12-31 | CN¥0.79 | CN¥9.19 | x |
| 2008-12-31 | CN¥0.98 | CN¥9.19 | x |
| 2009-12-31 | CN¥4.15 | CN¥9.19 | x |
| 2010-12-31 | CN¥3.57 | CN¥9.19 | x |
| 2011-12-31 | CN¥4.02 | CN¥9.19 | x |
| 2012-12-31 | CN¥6.84 | CN¥9.19 | x |
| 2013-12-31 | CN¥6.03 | CN¥9.19 | x |
| 2014-12-31 | CN¥6.37 | CN¥9.19 | x |
| 2015-12-31 | CN¥5.96 | CN¥9.19 | x |
| 2016-12-31 | CN¥6.55 | CN¥9.19 | x |
| 2017-12-31 | CN¥6.42 | CN¥9.19 | x |
| 2018-12-31 | CN¥6.51 | CN¥9.19 | x |
| 2019-12-31 | CN¥6.24 | CN¥9.19 | x |
| 2020-12-31 | CN¥6.34 | CN¥9.19 | x |
| 2021-12-31 | CN¥5.40 | CN¥9.19 | x |
| 2022-12-31 | CN¥1.77 | CN¥9.19 | x |
| 2023-12-31 | CN¥0.53 | CN¥9.19 | x |
| 2024-12-31 | CN¥0.18 | CN¥9.19 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SUNSEA Telecommunications 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): -201.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.49%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 49.87x
- Recent ROE (-201.18%) is below the historical average (-26.38%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 19.38% | 7.36% | 1.01x | 2.61x | CN¥11.11 Million |
| 2007 | 21.34% | 9.43% | 0.90x | 2.52x | CN¥17.59 Million |
| 2008 | 18.64% | 8.55% | 0.95x | 2.29x | CN¥16.46 Million |
| 2009 | 8.72% | 10.59% | 0.62x | 1.32x | CN¥-10.69 Million |
| 2010 | 10.88% | 11.18% | 0.63x | 1.55x | CN¥8.16 Million |
| 2011 | 13.97% | 10.91% | 0.78x | 1.65x | CN¥41.31 Million |
| 2012 | 8.77% | 8.90% | 0.60x | 1.65x | CN¥-24.06 Million |
| 2013 | 2.65% | 2.50% | 0.53x | 2.02x | CN¥-144.01 Million |
| 2014 | 0.63% | 0.50% | 0.54x | 2.31x | CN¥-180.78 Million |
| 2015 | -1.51% | -1.01% | 0.65x | 2.29x | CN¥-220.79 Million |
| 2016 | 3.36% | 2.49% | 0.69x | 1.94x | CN¥-133.35 Million |
| 2017 | 5.14% | 3.41% | 0.60x | 2.50x | CN¥-96.51 Million |
| 2018 | 3.53% | 1.62% | 0.64x | 3.39x | CN¥-131.31 Million |
| 2019 | 2.69% | 1.12% | 0.68x | 3.56x | CN¥-142.16 Million |
| 2020 | -30.34% | -18.46% | 0.57x | 2.91x | CN¥-958.07 Million |
| 2021 | -12.10% | -5.15% | 0.67x | 3.52x | CN¥-446.89 Million |
| 2022 | -193.98% | -38.17% | 0.69x | 7.38x | CN¥-1.35 Billion |
| 2023 | -181.83% | -12.88% | 0.77x | 18.22x | CN¥-384.57 Million |
| 2024 | -201.18% | -4.49% | 0.90x | 49.87x | CN¥-140.38 Million |
Industry Comparison
This section compares SUNSEA Telecommunications Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,573,613,146
- Average return on equity (ROE) among peers: 12.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SUNSEA Telecommunications Co Ltd (002313) | CN¥8.55 Million | 19.38% | 353.04x | $343.52 Million |
| Addsino Co Ltd (000547) | $459.32 Million | -8.36% | 1.39x | $3.78 Billion |
| Sichuan Huiyuan Optical Com (000586) | $184.09 Million | 30.13% | 1.87x | $241.69 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.37 Billion | 7.22% | 1.20x | $346.82 Million |
| Skyworth Digital Co Ltd (000810) | $4.56 Billion | 9.25% | 1.46x | $692.30 Million |
| Gohigh Data Networks Technology Co Ltd (000851) | $367.40 Million | 0.91% | 0.54x | $51.64 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $786.42 Million | 13.77% | 1.77x | $857.30 Million |
| Sunwave Communications Co Ltd (002115) | $2.57 Billion | 0.68% | 0.81x | $1.17 Billion |
| Invengo Information Technology Co Ltd (002161) | $390.74 Million | 13.95% | 0.23x | $668.37 Million |
| Bus Online Co Ltd (002188) | $112.36 Million | 54.84% | 1.24x | $193.28 Million |
| Wuhan Fingu Electronic Technology Co Ltd (002194) | $1.94 Billion | 2.51% | 0.18x | $656.36 Million |