SUNSEA Telecommunications Co Ltd (002313) - Net Assets

Latest as of September 2025: CN¥8.55 Million CNY ≈ $1.25 Million USD

Based on the latest financial reports, SUNSEA Telecommunications Co Ltd (002313) has net assets worth CN¥8.55 Million CNY (≈ $1.25 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¥3.03 Billion ≈ $442.78 Million USD) and total liabilities (CN¥3.02 Billion ≈ $441.52 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 financial resilience of SUNSEA Telecommunications Co Ltd to evaluate the company's liquid asset resilience ratio.

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. Also explore how large is SUNSEA Telecommunications Co Ltd's balance sheet for the complete picture of this company's asset base.

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. For live valuation and market cap data, see SUNSEA Telecommunications Co Ltd market cap and net worth.

Year Net Assets Change
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 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
Tianjin Ruixin Technology Co Ltd
SHE:300828
 $526.51 Million
ASP Isotopes Inc. Common Stock
NASDAQ:ASPI
 $526.71 Million
Shanghai Welltech Automation Co Ltd
SHE:002058
 $526.87 Million
EPC Groupe
PA:EXPL
 $526.94 Million
ST Barbara Ltd
AU:SBM
 $526.44 Million
Gotland Rederi AB Series A
ST:GOTL-A
 $526.41 Million
Hunan Resun Co Ltd
SHE:001218
 $526.33 Million
Sterling and Wilson Renewable Energy Limited
NSE:SWSOLAR
 $526.17 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 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: 53.70x
  • 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 12.74x to 53.70x 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¥9.61 x
2007-12-31 CN¥0.79 CN¥9.61 x
2008-12-31 CN¥0.98 CN¥9.61 x
2009-12-31 CN¥4.15 CN¥9.61 x
2010-12-31 CN¥3.57 CN¥9.61 x
2011-12-31 CN¥4.02 CN¥9.61 x
2012-12-31 CN¥6.84 CN¥9.61 x
2013-12-31 CN¥6.03 CN¥9.61 x
2014-12-31 CN¥6.37 CN¥9.61 x
2015-12-31 CN¥5.96 CN¥9.61 x
2016-12-31 CN¥6.55 CN¥9.61 x
2017-12-31 CN¥6.42 CN¥9.61 x
2018-12-31 CN¥6.51 CN¥9.61 x
2019-12-31 CN¥6.24 CN¥9.61 x
2020-12-31 CN¥6.34 CN¥9.61 x
2021-12-31 CN¥5.40 CN¥9.61 x
2022-12-31 CN¥1.77 CN¥9.61 x
2023-12-31 CN¥0.53 CN¥9.61 x
2024-12-31 CN¥0.18 CN¥9.61 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: $5,529,985,490
  • Average return on equity (ROE) among peers: -0.98%

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 $526.50 Million
ZTE Corp (000063) $43.35 Billion 8.36% 1.79x $21.63 Billion
Shenzhen SDG Information Co Ltd (000070) $204.52 Million 22.76% 2.18x $2.38 Billion
Addsino Co Ltd (000547) $459.32 Million -8.36% 1.39x $5.75 Billion
Sichuan Huiyuan Optical Com (000586) $262.65 Million 0.31% 1.13x $501.31 Million
PetroChina Jinhong Energy Investment Co Ltd (000669) $78.54 Million 4.37% 0.86x $417.18 Million
Sichuan Jiuzhou Electronic Co Ltd (000801) $2.80 Billion 2.74% 0.79x $1.90 Billion
Skyworth Digital Co Ltd (000810) $2.01 Billion 18.94% 0.94x $2.14 Billion
Gohigh Data Networks Technology Co Ltd (000851) $2.78 Billion 2.03% 1.22x $64.38 Million
Shenzhen Coship Electronics Co Ltd (002052) $916.66 Million -66.59% 1.08x $1.11 Billion
Sunwave Communications Co Ltd (002115) $2.43 Billion 5.61% 0.88x $1.71 Billion

About SUNSEA Telecommunications Co Ltd

SHE:002313 China Communication Equipment
Market Cap
$526.50 Million
CN¥3.60 Billion CNY
Market Cap Rank
#12273 Global
#3799 in China
Share Price
CN¥9.61
Change (1 day)
-3.71%
52-Week Range
CN¥8.19 - CN¥14.96
All Time High
CN¥32.66
Categories
Companies in China Communication Equipment Technology AI & Machine Learning
About

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