Fujian Star Net Communic Ltd (002396) - Net Assets
Based on the latest financial reports, Fujian Star Net Communic Ltd (002396) has net assets worth CN¥10.21 Billion CNY (≈ $1.49 Billion 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¥16.89 Billion ≈ $2.47 Billion USD) and total liabilities (CN¥6.68 Billion ≈ $977.24 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 Fujian Star Net Communic Ltd (002396) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.21 Billion |
| % of Total Assets | 60.46% |
| Annual Growth Rate | 21.61% |
| 5-Year Change | 78.37% |
| 10-Year Change | 172.44% |
| Growth Volatility | 42.77 |
Fujian Star Net Communic Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Fujian Star Net Communic Ltd's net assets have evolved over time, based on quarterly financial data. See 002396 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Fujian Star Net Communic Ltd (2005–2025)
The table below shows the annual net assets of Fujian Star Net Communic Ltd from 2005 to 2025. For live valuation and market cap data, see Fujian Star Net Communic Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥10.08 Billion ≈ $1.48 Billion |
+5.82% |
| 2024-12-31 | CN¥9.53 Billion ≈ $1.39 Billion |
+4.73% |
| 2023-12-31 | CN¥9.10 Billion ≈ $1.33 Billion |
+4.77% |
| 2022-12-31 | CN¥8.68 Billion ≈ $1.27 Billion |
+53.63% |
| 2021-12-31 | CN¥5.65 Billion ≈ $827.11 Million |
+15.76% |
| 2020-12-31 | CN¥4.88 Billion ≈ $714.48 Million |
+1.14% |
| 2019-12-31 | CN¥4.83 Billion ≈ $706.44 Million |
+13.20% |
| 2018-12-31 | CN¥4.26 Billion ≈ $624.07 Million |
+13.74% |
| 2017-12-31 | CN¥3.75 Billion ≈ $548.66 Million |
+1.32% |
| 2016-12-31 | CN¥3.70 Billion ≈ $541.52 Million |
+9.67% |
| 2015-12-31 | CN¥3.37 Billion ≈ $493.79 Million |
+33.52% |
| 2014-12-31 | CN¥2.53 Billion ≈ $369.84 Million |
+5.15% |
| 2013-12-31 | CN¥2.40 Billion ≈ $351.72 Million |
+11.19% |
| 2012-12-31 | CN¥2.16 Billion ≈ $316.32 Million |
+12.26% |
| 2011-12-31 | CN¥1.93 Billion ≈ $281.78 Million |
+12.45% |
| 2010-12-31 | CN¥1.71 Billion ≈ $250.58 Million |
+202.45% |
| 2009-12-31 | CN¥566.18 Million ≈ $82.85 Million |
+35.88% |
| 2008-12-31 | CN¥416.69 Million ≈ $60.97 Million |
+23.36% |
| 2007-12-31 | CN¥337.78 Million ≈ $49.43 Million |
+40.96% |
| 2006-12-31 | CN¥239.63 Million ≈ $35.07 Million |
+18.89% |
| 2005-12-31 | CN¥201.55 Million ≈ $29.49 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 14993.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.88 Billion | 69.97% |
| Other Components | CN¥2.09 Billion | 30.03% |
| Total Equity | CN¥6.97 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 |
|---|---|
|
Aker Solutions ASA
OL:AKSO
|
$2.22 Billion |
|
Risen Energy
SHE:300118
|
$2.22 Billion |
|
Park Hotels & Resorts Inc
NYSE:PK
|
$2.22 Billion |
|
Boardwalk Real Estate Investment Trust
TO:BEI-UN
|
$2.22 Billion |
|
Benchmark Electronics Inc
NYSE:BHE
|
$2.22 Billion |
|
Guangdong Rongtai Industry Co Ltd
SHG:600589
|
$2.22 Billion |
|
Perusahaan Gas Negara Persero
JK:PGAS
|
$2.22 Billion |
|
Hainan Strait Shipping Co Ltd
SHE:002320
|
$2.21 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 2024 to 2025, total equity changed from 6,678,546,643 to 6,973,475,896, a change of 294,929,253 (4.4%).
- Net income of 408,861,465 contributed positively to equity growth.
- Dividend payments of 175,561,054 reduced retained earnings.
- Other comprehensive income decreased equity by 4,586,456.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥408.86 Million | +5.86% |
| Dividends Paid | CN¥175.56 Million | -2.52% |
| Other Comprehensive Income | CN¥-4.59 Million | -0.07% |
| Other Changes | CN¥66.22 Million | +0.95% |
| Total Change | CN¥- | 4.42% |
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: 1.67x
- 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 48.00x to 1.67x 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¥19.94 | x |
| 2006-12-31 | CN¥0.49 | CN¥19.94 | x |
| 2007-12-31 | CN¥0.64 | CN¥19.94 | x |
| 2008-12-31 | CN¥0.82 | CN¥19.94 | x |
| 2009-12-31 | CN¥1.08 | CN¥19.94 | x |
| 2010-12-31 | CN¥3.39 | CN¥19.94 | x |
| 2011-12-31 | CN¥3.27 | CN¥19.94 | x |
| 2012-12-31 | CN¥3.53 | CN¥19.94 | x |
| 2013-12-31 | CN¥3.82 | CN¥19.94 | x |
| 2014-12-31 | CN¥4.07 | CN¥19.94 | x |
| 2015-12-31 | CN¥4.93 | CN¥19.94 | x |
| 2016-12-31 | CN¥5.35 | CN¥19.94 | x |
| 2017-12-31 | CN¥5.78 | CN¥19.94 | x |
| 2018-12-31 | CN¥6.31 | CN¥19.94 | x |
| 2019-12-31 | CN¥7.24 | CN¥19.94 | x |
| 2020-12-31 | CN¥7.18 | CN¥19.94 | x |
| 2021-12-31 | CN¥8.05 | CN¥19.94 | x |
| 2022-12-31 | CN¥10.41 | CN¥19.94 | x |
| 2023-12-31 | CN¥11.01 | CN¥19.94 | x |
| 2024-12-31 | CN¥11.50 | CN¥19.94 | x |
| 2025-12-31 | CN¥11.91 | CN¥19.94 | 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): 5.86%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.13%
- • Asset Turnover: 1.10x
- • Equity Multiplier: 2.51x
- Recent ROE (5.86%) is below the historical average (13.30%), 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 | 15.81% | 6.37% | 1.30x | 1.90x | CN¥213.53 Million |
| 2019 | 14.07% | 6.41% | 1.21x | 1.81x | CN¥171.71 Million |
| 2020 | 10.30% | 4.19% | 1.16x | 2.12x | 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¥-30.24 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 |
| 2025 | 5.86% | 2.13% | 1.10x | 2.51x | CN¥-288.49 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: $1,668,860,588
- Average return on equity (ROE) among peers: -18.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Star Net Communic Ltd (002396) | CN¥10.21 Billion | 17.72% | 0.65x | $2.22 Billion |
| ZTE Corp (000063) | $42.55 Million | 189.70% | 2.42x | $22.33 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $2.88 Billion | 11.20% | 1.46x | $2.73 Billion |
| Addsino Co Ltd (000547) | $5.57 Billion | 3.88% | 0.24x | $4.61 Billion |
| Sichuan Huiyuan Optical Com (000586) | $260.80 Million | 1.16% | 1.11x | $431.95 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $1.39 Billion | -102.15% | 5.62x | $401.25 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $178.59 Million | 6.04% | 0.38x | $1.72 Billion |
| Skyworth Digital Co Ltd (000810) | $4.56 Billion | 9.25% | 1.46x | $2.07 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $820.93 Million | -279.00% | 4.69x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $870.26 Million | -47.89% | 2.43x | $930.39 Million |
| Sunwave Communications Co Ltd (002115) | $112.36 Million | 24.04% | 1.27x | $1.39 Billion |
About 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