Fujian Star Net Communic Ltd
Fujian Star-net Communication Co., LTD. engages in the provision of ICT infrastructure and AI application solutions in China. The company offers communication infrastructure; and network infrastructure solutions, such as network equipment, network security, and cloud desktop solutions. It also provides AI application solutions, including IT solutions, such as desktop cloud terminals, thin clients… Read more
Fujian Star Net Communic Ltd (002396) - Net Assets
Latest net assets as of September 2025: CN¥9.99 Billion CNY
Based on the latest financial reports, Fujian Star Net Communic Ltd (002396) has net assets worth CN¥9.99 Billion 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¥16.20 Billion) and total liabilities (CN¥6.21 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¥9.99 Billion |
| % of Total Assets | 61.67% |
| Annual Growth Rate | 22.5% |
| 5-Year Change | 95.14% |
| 10-Year Change | 182.36% |
| Growth Volatility | 43.62 |
Fujian Star Net Communic Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Fujian Star Net Communic 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 Fujian Star Net Communic Ltd (2005–2024)
The table below shows the annual net assets of Fujian Star Net Communic Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥9.53 Billion | +4.73% |
| 2023-12-31 | CN¥9.10 Billion | +4.78% |
| 2022-12-31 | CN¥8.68 Billion | +53.62% |
| 2021-12-31 | CN¥5.65 Billion | +15.76% |
| 2020-12-31 | CN¥4.88 Billion | +0.95% |
| 2019-12-31 | CN¥4.84 Billion | +13.42% |
| 2018-12-31 | CN¥4.26 Billion | +13.73% |
| 2017-12-31 | CN¥3.75 Billion | +1.32% |
| 2016-12-31 | CN¥3.70 Billion | +9.67% |
| 2015-12-31 | CN¥3.37 Billion | +33.52% |
| 2014-12-31 | CN¥2.53 Billion | +5.15% |
| 2013-12-31 | CN¥2.40 Billion | +11.19% |
| 2012-12-31 | CN¥2.16 Billion | +12.26% |
| 2011-12-31 | CN¥1.93 Billion | +12.45% |
| 2010-12-31 | CN¥1.71 Billion | +202.45% |
| 2009-12-31 | CN¥566.18 Million | +35.88% |
| 2008-12-31 | CN¥416.69 Million | +23.36% |
| 2007-12-31 | CN¥337.78 Million | +40.96% |
| 2006-12-31 | CN¥239.63 Million | +18.89% |
| 2005-12-31 | CN¥201.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fujian Star Net Communic 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 grown by 14176.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.61 Billion | 69.10% |
| Common Stock | CN¥588.61 Million | 8.81% |
| Other Comprehensive Income | CN¥4.59 Million | 0.07% |
| Other Components | CN¥1.47 Billion | 22.02% |
| Total Equity | CN¥6.68 Billion | 100.00% |
Fujian Star Net Communic Ltd Competitors by Market Cap
The table below lists competitors of Fujian Star Net Communic Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Hainan Rubber Industry Group Co Ltd
SHG:601118
|
$1.63 Billion |
|
Tata Elxsi Limited
NSE:TATAELXSI
|
$1.63 Billion |
|
Bestway Marine & Energy Technology Co Ltd
SHE:300008
|
$1.63 Billion |
|
Schneider National Inc
NYSE:SNDR
|
$1.63 Billion |
|
Foxconn Technology Co. Ltd.
OTCGREY:FXCOF
|
$1.62 Billion |
|
Kalyan Jewellers India Limited
NSE:KALYANKJIL
|
$1.62 Billion |
|
Petronas Dagangan Bhd
KLSE:5681
|
$1.62 Billion |
|
Aker Solutions OL
F:1AKA
|
$1.62 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Star Net Communic Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,432,682,000 to 6,678,547,000, a change of 245,865,000 (3.8%).
- Net income of 404,620,967 contributed positively to equity growth.
- Dividend payments of 184,014,000 reduced retained earnings.
- Share repurchases of 54,813,646 reduced equity.
- Other comprehensive income increased equity by 232,456.
- Other factors increased equity by 79,839,223.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥404.62 Million | +6.06% |
| Dividends Paid | CN¥184.01 Million | -2.76% |
| Share Repurchases | CN¥54.81 Million | -0.82% |
| Other Comprehensive Income | CN¥232.46K | +0.0% |
| Other Changes | CN¥79.84 Million | +1.2% |
| Total Change | CN¥- | 3.82% |
Book Value vs Market Value Analysis
This analysis compares Fujian Star Net Communic 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: 2.42x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 67.09x to 2.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.42 | CN¥27.87 | x |
| 2006-12-31 | CN¥0.49 | CN¥27.87 | x |
| 2007-12-31 | CN¥0.64 | CN¥27.87 | x |
| 2008-12-31 | CN¥0.82 | CN¥27.87 | x |
| 2009-12-31 | CN¥1.08 | CN¥27.87 | x |
| 2010-12-31 | CN¥3.39 | CN¥27.87 | x |
| 2011-12-31 | CN¥3.27 | CN¥27.87 | x |
| 2012-12-31 | CN¥3.53 | CN¥27.87 | x |
| 2013-12-31 | CN¥3.82 | CN¥27.87 | x |
| 2014-12-31 | CN¥4.07 | CN¥27.87 | x |
| 2015-12-31 | CN¥4.93 | CN¥27.87 | x |
| 2016-12-31 | CN¥5.35 | CN¥27.87 | x |
| 2017-12-31 | CN¥5.78 | CN¥27.87 | x |
| 2018-12-31 | CN¥6.31 | CN¥27.87 | x |
| 2019-12-31 | CN¥7.25 | CN¥27.87 | x |
| 2020-12-31 | CN¥7.18 | CN¥27.87 | x |
| 2021-12-31 | CN¥8.05 | CN¥27.87 | x |
| 2022-12-31 | CN¥10.41 | CN¥27.87 | x |
| 2023-12-31 | CN¥11.02 | CN¥27.87 | x |
| 2024-12-31 | CN¥11.50 | CN¥27.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Star Net Communic 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): 6.06%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.41%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 2.47x
- Recent ROE (6.06%) is below the historical average (13.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 17.72% | 4.47% | 1.23x | 3.22x | CN¥12.65 Million |
| 2006 | 21.11% | 4.43% | 1.25x | 3.80x | CN¥21.31 Million |
| 2007 | 24.01% | 4.85% | 1.19x | 4.17x | CN¥35.35 Million |
| 2008 | 21.51% | 5.25% | 1.29x | 3.17x | CN¥37.01 Million |
| 2009 | 24.84% | 6.16% | 1.39x | 2.90x | CN¥63.47 Million |
| 2010 | 8.88% | 6.94% | 0.81x | 1.58x | CN¥-17.47 Million |
| 2011 | 10.38% | 6.76% | 0.94x | 1.63x | CN¥6.48 Million |
| 2012 | 12.04% | 8.03% | 0.90x | 1.66x | CN¥37.95 Million |
| 2013 | 11.90% | 7.30% | 0.90x | 1.80x | CN¥38.26 Million |
| 2014 | 11.27% | 6.64% | 0.93x | 1.82x | CN¥27.20 Million |
| 2015 | 10.03% | 5.81% | 0.85x | 2.04x | CN¥830.65K |
| 2016 | 11.08% | 5.62% | 0.99x | 1.99x | CN¥31.15 Million |
| 2017 | 14.75% | 6.13% | 1.20x | 2.01x | CN¥152.18 Million |
| 2018 | 15.80% | 6.37% | 1.30x | 1.90x | CN¥213.48 Million |
| 2019 | 14.05% | 6.41% | 1.21x | 1.81x | CN¥171.26 Million |
| 2020 | 10.30% | 4.19% | 1.18x | 2.08x | CN¥12.44 Million |
| 2021 | 11.54% | 4.00% | 1.22x | 2.37x | CN¥72.26 Million |
| 2022 | 9.50% | 3.67% | 1.09x | 2.38x | CN¥-30.21 Million |
| 2023 | 6.60% | 2.67% | 1.03x | 2.39x | CN¥-218.42 Million |
| 2024 | 6.06% | 2.41% | 1.01x | 2.47x | CN¥-263.23 Million |
Industry Comparison
This section compares Fujian Star Net Communic Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,522,000,668
- Average return on equity (ROE) among peers: -3.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Star Net Communic Ltd (002396) | CN¥9.99 Billion | 17.72% | 0.62x | $1.63 Billion |
| Addsino Co Ltd (000547) | $1.77 Billion | 1.02% | 0.25x | $3.67 Billion |
| Sichuan Huiyuan Optical Com (000586) | $329.93 Million | -2.83% | 0.71x | $241.69 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.59 Billion | 5.22% | 1.90x | $346.82 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $1.55 Billion | 12.92% | 0.93x | $1.06 Billion |
| Skyworth Digital Co Ltd (000810) | $140.56 Million | 7.13% | 1.37x | $683.09 Million |
| Gohigh Data Networks Technology Co Ltd (000851) | $336.07 Million | -18.04% | 0.44x | $51.64 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $231.11 Million | -66.53% | 2.00x | $840.89 Million |
| Sunwave Communications Co Ltd (002115) | $2.18 Billion | -12.45% | 0.73x | $1.17 Billion |
| Invengo Information Technology Co Ltd (002161) | $2.00 Billion | 37.19% | 0.32x | $638.43 Million |
| Bus Online Co Ltd (002188) | $2.09 Billion | 4.47% | 0.13x | $193.28 Million |