Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd (002388) - Net Assets

Latest as of September 2025: CN¥1.24 Billion CNY ≈ $181.08 Million USD

Based on the latest financial reports, Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd (002388) has net assets worth CN¥1.24 Billion CNY (≈ $181.08 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¥2.88 Billion ≈ $421.38 Million USD) and total liabilities (CN¥1.64 Billion ≈ $240.30 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 how strategically is Shenzhen Sunyes Electronic Manufacturing's equity deployed to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.24 Billion
% of Total Assets	42.97%
Annual Growth Rate	16.36%
5-Year Change	-2.96%
10-Year Change	115.1%
Growth Volatility	63.06

Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd - Net Assets Trend (2006–2024)

This chart illustrates how Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Shenzhen Sunyes Electronic Manufacturing (002388) total market value.

Annual Net Assets for Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd (2006–2024)

The table below shows the annual net assets of Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd from 2006 to 2024. Also explore Shenzhen Sunyes Electronic Manufacturing equity growth rate to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2024-12-31	CN¥1.25 Billion ≈ $183.64 Million	-18.98%
2023-12-31	CN¥1.55 Billion ≈ $226.67 Million	+5.76%
2022-12-31	CN¥1.46 Billion ≈ $214.33 Million	+1.74%
2021-12-31	CN¥1.44 Billion ≈ $210.67 Million	+11.32%
2020-12-31	CN¥1.29 Billion ≈ $189.24 Million	-0.79%
2019-12-31	CN¥1.30 Billion ≈ $190.75 Million	+2.05%
2018-12-31	CN¥1.28 Billion ≈ $186.91 Million	+2.29%
2017-12-31	CN¥1.25 Billion ≈ $182.74 Million	+110.22%
2016-12-31	CN¥594.04 Million ≈ $86.93 Million	+1.82%
2015-12-31	CN¥583.44 Million ≈ $85.37 Million	+1.29%
2014-12-31	CN¥575.98 Million ≈ $84.28 Million	+1.18%
2013-12-31	CN¥569.26 Million ≈ $83.30 Million	-1.46%
2012-12-31	CN¥577.70 Million ≈ $84.54 Million	+0.14%
2011-12-31	CN¥576.92 Million ≈ $84.42 Million	+0.34%
2010-12-31	CN¥574.96 Million ≈ $84.13 Million	+261.05%
2009-12-31	CN¥159.25 Million ≈ $23.30 Million	+15.34%
2008-12-31	CN¥138.07 Million ≈ $20.20 Million	+22.22%
2007-12-31	CN¥112.97 Million ≈ $16.53 Million	+37.63%
2006-12-31	CN¥82.08 Million ≈ $12.01 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Sunyes Electronic Manufacturing Holding 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 672.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥510.70 Million	52.70%
Other Comprehensive Income	CN¥2.12 Million	0.22%
Other Components	CN¥711.50 Million	73.43%
Total Equity	CN¥968.99 Million	100.00%

Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd Competitors by Market Cap

The table below lists competitors of Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd ranked by their market capitalization.

Company	Market Cap
Qurient Co. Ltd KQ:115180	$540.41 Million
Churchill Capital Corp XI NASDAQ:CCXI	$540.51 Million
First Sensor AG F:SIS	$540.53 Million
Atos SE PA:ATO	$540.55 Million
Queen's Road Capital Investment Ltd. TO:QRC	$540.26 Million
S&S TECH Corporation KQ:101490	$540.16 Million
Beijing Sanlian Hope Shin-Gosen Technical Service Co Ltd SHE:300384	$540.10 Million
Chrysos Corporation Ltd AU:C79	$539.98 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,195,364,713 to 968,987,066, a change of -226,377,647 (-18.9%).
Net loss of 236,115,874 reduced equity.
Dividend payments of 35,068,046 reduced retained earnings.
Share repurchases of 6,242,742 reduced equity.
Other comprehensive income decreased equity by 235,128,530.
Other factors increased equity by 286,177,545.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-236.12 Million	-24.37%
Dividends Paid	CN¥35.07 Million	-3.62%
Share Repurchases	CN¥6.24 Million	-0.64%
Other Comprehensive Income	CN¥-235.13 Million	-24.27%
Other Changes	CN¥286.18 Million	+29.53%
Total Change	CN¥-	-18.94%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Sunyes Electronic Manufacturing Holding 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: 3.82x
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 23.53x to 3.82x 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¥0.31	CN¥7.23	x
2007-12-31	CN¥0.42	CN¥7.23	x
2008-12-31	CN¥0.46	CN¥7.23	x
2009-12-31	CN¥0.54	CN¥7.23	x
2010-12-31	CN¥1.52	CN¥7.23	x
2011-12-31	CN¥1.47	CN¥7.23	x
2012-12-31	CN¥1.36	CN¥7.23	x
2013-12-31	CN¥1.40	CN¥7.23	x
2014-12-31	CN¥1.50	CN¥7.23	x
2015-12-31	CN¥1.23	CN¥7.23	x
2016-12-31	CN¥1.59	CN¥7.23	x
2017-12-31	CN¥2.73	CN¥7.23	x
2018-12-31	CN¥2.27	CN¥7.23	x
2019-12-31	CN¥2.36	CN¥7.23	x
2020-12-31	CN¥2.41	CN¥7.23	x
2021-12-31	CN¥2.84	CN¥7.23	x
2022-12-31	CN¥2.88	CN¥7.23	x
2023-12-31	CN¥2.38	CN¥7.23	x
2024-12-31	CN¥1.89	CN¥7.23	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Sunyes Electronic Manufacturing Holding 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): -24.37%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -10.75%
• Asset Turnover: 0.77x
• Equity Multiplier: 2.96x
Recent ROE (-24.37%) is below the historical average (4.66%), 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	28.10%	10.50%	1.02x	2.62x	CN¥14.79 Million
2007	29.42%	10.91%	1.19x	2.26x	CN¥21.93 Million
2008	18.18%	6.66%	1.60x	1.71x	CN¥11.29 Million
2009	19.55%	8.53%	1.56x	1.47x	CN¥15.21 Million
2010	4.60%	5.19%	0.80x	1.11x	CN¥-31.01 Million
2011	4.42%	4.43%	0.90x	1.11x	CN¥-31.78 Million
2012	2.57%	3.41%	0.69x	1.10x	CN¥-42.05 Million
2013	1.79%	2.36%	0.70x	1.08x	CN¥-45.64 Million
2014	2.01%	2.19%	0.63x	1.46x	CN¥-45.16 Million
2015	0.81%	0.81%	0.66x	1.53x	CN¥-52.11 Million
2016	1.88%	1.34%	0.65x	2.18x	CN¥-46.92 Million
2017	5.27%	7.99%	0.45x	1.45x	CN¥-58.29 Million
2018	1.91%	2.61%	0.42x	1.72x	CN¥-92.75 Million
2019	3.31%	2.59%	0.70x	1.82x	CN¥-79.48 Million
2020	3.34%	1.98%	0.83x	2.04x	CN¥-80.44 Million
2021	4.24%	2.60%	1.03x	1.57x	CN¥-82.01 Million
2022	1.69%	1.36%	0.71x	1.75x	CN¥-120.55 Million
2023	-20.19%	-11.25%	0.71x	2.52x	CN¥-360.92 Million
2024	-24.37%	-10.75%	0.77x	2.96x	CN¥-333.01 Million

Industry Comparison

This section compares Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $3,245,673,029
Average return on equity (ROE) among peers: 12.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd (002388)	CN¥1.24 Billion	28.10%	1.33x	$540.31 Million
XJ Electric Co Ltd (000400)	$6.23 Billion	17.04%	0.73x	$3.04 Billion
Guangdong Macro Co Ltd (000533)	$1.02 Billion	6.87%	1.16x	$1.14 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$536.10 Million	17.67%	0.27x	$885.25 Million
Dongfang Electronics Co Ltd (000682)	$1.57 Billion	1.57%	0.53x	$2.10 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$557.50 Million	13.45%	0.65x	$744.67 Million
Huagong Tech Co Ltd (000988)	$9.37 Billion	10.74%	0.86x	$15.86 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.38 Billion	9.72%	0.89x	$1.32 Billion
Sieyuan Electric Co Ltd (002028)	$3.44 Billion	10.09%	0.46x	$15.80 Billion
Shanghai Welltech Automation Co Ltd (002058)	$88.12 Million	23.77%	0.92x	$353.70 Million
Gotion High tech Co Ltd (002074)	$8.26 Billion	10.15%	1.07x	$6.94 Billion

About Shenzhen Sunyes Electronic Manufacturing Holding Co Ltd

SHE:002388 China Electrical Equipment & Parts

Market Cap

$540.31 Million

CN¥3.69 Billion CNY

Market Cap Rank

#11948 Global

#3447 in China

Share Price

CN¥7.23

Change (1 day)

+2.84%

52-Week Range

CN¥3.70 - CN¥7.23

All Time High

CN¥16.05