SUNSEA Telecommunications Co Ltd (002313) - Net Assets

Latest as of March 2026: CN¥71.85 Million CNY ≈ $10.51 Million USD

Based on the latest financial reports, SUNSEA Telecommunications Co Ltd (002313) has net assets worth CN¥71.85 Million CNY (≈ $10.51 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¥3.07 Billion ≈ $448.51 Million USD) and total liabilities (CN¥2.99 Billion ≈ $437.99 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 strategic asset allocation of SUNSEA Telecommunications Co Ltd to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥71.85 Million
% of Total Assets	2.34%
Annual Growth Rate	-4.06%
5-Year Change	-97.13%
10-Year Change	-97.38%
Growth Volatility	83.96

SUNSEA Telecommunications Co Ltd - Net Assets Trend (2006–2025)

This chart illustrates how SUNSEA Telecommunications Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002313 stock market capitalisation.

Annual Net Assets for SUNSEA Telecommunications Co Ltd (2006–2025)

The table below shows the annual net assets of SUNSEA Telecommunications Co Ltd from 2006 to 2025. Also explore SUNSEA Telecommunications Co Ltd annual equity growth to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥58.46 Million ≈ $8.55 Million	-5.03%
2024-12-31	CN¥61.56 Million ≈ $9.01 Million	-68.31%
2023-12-31	CN¥194.23 Million ≈ $28.42 Million	-70.36%
2022-12-31	CN¥655.27 Million ≈ $95.89 Million	-67.87%
2021-12-31	CN¥2.04 Billion ≈ $298.43 Million	-15.19%
2020-12-31	CN¥2.40 Billion ≈ $351.87 Million	+21.20%
2019-12-31	CN¥1.98 Billion ≈ $290.33 Million	-3.57%
2018-12-31	CN¥2.06 Billion ≈ $301.09 Million	+1.36%
2017-12-31	CN¥2.03 Billion ≈ $297.06 Million	-8.99%
2016-12-31	CN¥2.23 Billion ≈ $326.40 Million	+0.78%
2015-12-31	CN¥2.21 Billion ≈ $323.86 Million	-1.51%
2014-12-31	CN¥2.25 Billion ≈ $328.83 Million	-0.71%
2013-12-31	CN¥2.26 Billion ≈ $331.19 Million	+5.80%
2012-12-31	CN¥2.14 Billion ≈ $313.05 Million	+91.63%
2011-12-31	CN¥1.12 Billion ≈ $163.37 Million	+20.29%
2010-12-31	CN¥928.11 Million ≈ $135.81 Million	+11.51%
2009-12-31	CN¥832.34 Million ≈ $121.80 Million	+336.83%
2008-12-31	CN¥190.54 Million ≈ $27.88 Million	+22.33%
2007-12-31	CN¥155.76 Million ≈ $22.79 Million	+21.17%
2006-12-31	CN¥128.55 Million ≈ $18.81 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 4841.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥2.54 Billion	4015.47%
Total Equity	CN¥63.30 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
Bridge Investment Group Holdings Inc NYSE:BRDG	$454.85 Million
Shinhan Alpha REIT Co Ltd KO:293940	$454.87 Million
Columbus McKinnon Corporation NASDAQ:CMCO	$454.90 Million
National Research Corp NASDAQ:NRC	$455.18 Million
Sichuan Kexin Mechanic Electric SHE:300092	$454.55 Million
Algoma Steel Group Inc TO:ASTL	$454.37 Million
Shanghai Fudan Forward S&T Co Ltd SHG:600624	$454.30 Million
Yantai Ishikawa Sealing Technology Co.Ltd. SHE:301020	$454.17 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 2024 to 2025, total equity changed from 66,474,711 to 63,299,190, a change of -3,175,521 (-4.8%).
Net loss of 227,846,304 reduced equity.
Dividend payments of 52,913,964 reduced retained earnings.
Other comprehensive income increased equity by 115,042,095.
Other factors increased equity by 162,542,653.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-227.85 Million	-359.95%
Dividends Paid	CN¥52.91 Million	-83.59%
Other Comprehensive Income	CN¥115.04 Million	+181.74%
Other Changes	CN¥162.54 Million	+256.78%
Total Change	CN¥-	-4.78%

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: 49.09x
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 11.01x to 49.09x 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¥8.30	x
2007-12-31	CN¥0.79	CN¥8.30	x
2008-12-31	CN¥0.98	CN¥8.30	x
2009-12-31	CN¥4.15	CN¥8.30	x
2010-12-31	CN¥3.57	CN¥8.30	x
2011-12-31	CN¥4.02	CN¥8.30	x
2012-12-31	CN¥6.84	CN¥8.30	x
2013-12-31	CN¥6.03	CN¥8.30	x
2014-12-31	CN¥6.37	CN¥8.30	x
2015-12-31	CN¥5.96	CN¥8.30	x
2016-12-31	CN¥6.55	CN¥8.30	x
2017-12-31	CN¥6.42	CN¥8.30	x
2018-12-31	CN¥6.51	CN¥8.30	x
2019-12-31	CN¥6.23	CN¥8.30	x
2020-12-31	CN¥6.91	CN¥8.30	x
2021-12-31	CN¥5.34	CN¥8.30	x
2022-12-31	CN¥1.77	CN¥8.30	x
2023-12-31	CN¥0.53	CN¥8.30	x
2024-12-31	CN¥0.18	CN¥8.30	x
2025-12-31	CN¥0.17	CN¥8.30	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): -359.95%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -8.27%
• Asset Turnover: 0.90x
• Equity Multiplier: 48.37x
Recent ROE (-359.95%) is below the historical average (-42.37%), 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	4.02%	1.68%	0.67x	3.56x	CN¥-116.45 Million
2020	-23.01%	-14.45%	0.55x	2.91x	CN¥-784.16 Million
2021	-8.05%	-3.45%	0.66x	3.52x	CN¥-365.02 Million
2022	-192.88%	-37.95%	0.69x	7.38x	CN¥-1.34 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
2025	-359.95%	-8.27%	0.90x	48.37x	CN¥-234.18 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: $1,234,019,388
Average return on equity (ROE) among peers: 7.58%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
SUNSEA Telecommunications Co Ltd (002313)	CN¥71.85 Million	19.38%	41.66x	$454.73 Million
ZTE Corp (000063)	$701.40 Million	16.69%	0.94x	$19.12 Billion
Shenzhen SDG Information Co Ltd (000070)	$777.81 Million	0.64%	0.63x	$2.33 Billion
Addsino Co Ltd (000547)	$483.41 Million	1.94%	1.23x	$3.49 Billion
Sichuan Huiyuan Optical Com (000586)	$310.66 Million	7.41%	1.42x	$385.53 Million
PetroChina Jinhong Energy Investment Co Ltd (000669)	$4.33 Billion	4.40%	1.81x	$414.19 Million
Sichuan Jiuzhou Electronic Co Ltd (000801)	$2.95 Billion	4.92%	0.86x	$1.81 Billion
Skyworth Digital Co Ltd (000810)	$152.08 Million	7.57%	1.53x	$1.63 Billion
Gohigh Data Networks Technology Co Ltd (000851)	$1.09 Billion	1.30%	1.15x	$64.38 Million
Shenzhen Coship Electronics Co Ltd (002052)	$1.49 Billion	4.51%	1.03x	$923.79 Million
Sunwave Communications Co Ltd (002115)	$60.20 Million	26.45%	1.69x	$1.19 Billion

About SUNSEA Telecommunications Co Ltd

SHE:002313 China Communication Equipment

Market Cap

$454.73 Million

CN¥3.11 Billion CNY

Market Cap Rank

#12856 Global

#3805 in China

Share Price

CN¥8.30

Change (1 day)

+0.73%

52-Week Range

CN¥7.22 - CN¥11.69

All Time High

CN¥32.66