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 tangible net worth ratio of SUNSEA Telecommunications Co Ltd to evaluate the tangible quality of the company's equity base.

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. See 002313 days of operational coverage to measure how many days the company can operate on defensive assets alone.

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

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
Blockchain Group SA
PA:ALTBG
 $450.46 Million
SOLiD Inc
KQ:050890
 $450.53 Million
Zhanjiang Guolian Aquatic Products
SHE:300094
 $450.69 Million
Changshu Ruite Electric Co Ltd
SHE:300600
 $450.79 Million
Beijing InHand Networks Technology Co Ltd
SHG:688080
 $450.21 Million
Tieling Newcity Investment Holding Ltd
SHE:000809
 $450.18 Million
Alexander Marine Co Ltd
TW:8478
 $450.02 Million
PSK HOLDINGS Inc
KQ:031980
 $449.90 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: 48.62x
  • 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 10.90x to 48.62x 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¥8.22 x
2007-12-31 CN¥0.79 CN¥8.22 x
2008-12-31 CN¥0.98 CN¥8.22 x
2009-12-31 CN¥4.15 CN¥8.22 x
2010-12-31 CN¥3.57 CN¥8.22 x
2011-12-31 CN¥4.02 CN¥8.22 x
2012-12-31 CN¥6.84 CN¥8.22 x
2013-12-31 CN¥6.03 CN¥8.22 x
2014-12-31 CN¥6.37 CN¥8.22 x
2015-12-31 CN¥5.96 CN¥8.22 x
2016-12-31 CN¥6.55 CN¥8.22 x
2017-12-31 CN¥6.42 CN¥8.22 x
2018-12-31 CN¥6.51 CN¥8.22 x
2019-12-31 CN¥6.23 CN¥8.22 x
2020-12-31 CN¥6.91 CN¥8.22 x
2021-12-31 CN¥5.34 CN¥8.22 x
2022-12-31 CN¥1.77 CN¥8.22 x
2023-12-31 CN¥0.53 CN¥8.22 x
2024-12-31 CN¥0.18 CN¥8.22 x
2025-12-31 CN¥0.17 CN¥8.22 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: $6,852,220,766
  • Average return on equity (ROE) among peers: -12.00%

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 $450.34 Million
ZTE Corp (000063) $59.54 Billion 13.57% 2.04x $22.19 Billion
Shenzhen SDG Information Co Ltd (000070) $777.81 Million 0.64% 0.63x $2.72 Billion
Addsino Co Ltd (000547) $5.39 Billion 4.52% 0.29x $4.69 Billion
Sichuan Huiyuan Optical Com (000586) $448.24 Million 2.88% 0.47x $438.47 Million
PetroChina Jinhong Energy Investment Co Ltd (000669) $366.30 Million -60.83% 6.39x $413.20 Million
Sichuan Jiuzhou Electronic Co Ltd (000801) $117.42 Million 3.98% 0.49x $1.72 Billion
Skyworth Digital Co Ltd (000810) $301.13 Million 0.65% 1.81x $2.04 Billion
Gohigh Data Networks Technology Co Ltd (000851) $397.58 Million -4.60% 0.35x $64.38 Million
Shenzhen Coship Electronics Co Ltd (002052) $231.11 Million -66.53% 2.00x $983.24 Million
Sunwave Communications Co Ltd (002115) $945.20 Million -14.30% 1.10x $1.40 Billion

About SUNSEA Telecommunications Co Ltd

SHE:002313 China Communication Equipment
Market Cap
$450.34 Million
CN¥3.08 Billion CNY
Market Cap Rank
#12985 Global
#3874 in China
Share Price
CN¥8.22
Change (1 day)
-2.61%
52-Week Range
CN¥8.15 - 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