Fujian Star Net Communic Ltd (002396) - Net Assets

Latest as of September 2025: CN¥9.99 Billion CNY ≈ $1.46 Billion USD

Based on the latest financial reports, Fujian Star Net Communic Ltd (002396) has net assets worth CN¥9.99 Billion CNY (≈ $1.46 Billion 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¥16.20 Billion ≈ $2.37 Billion USD) and total liabilities (CN¥6.21 Billion ≈ $908.52 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 how resilient are Fujian Star Net Communic Ltd's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore 002396 total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Fujian Star Net Communic Ltd stock valuation.

Year Net Assets Change
2024-12-31 CN¥9.53 Billion
≈ $1.39 Billion		 +4.73%
2023-12-31 CN¥9.10 Billion
≈ $1.33 Billion		 +4.78%
2022-12-31 CN¥8.68 Billion
≈ $1.27 Billion		 +53.62%
2021-12-31 CN¥5.65 Billion
≈ $827.11 Million		 +15.76%
2020-12-31 CN¥4.88 Billion
≈ $714.48 Million		 +0.95%
2019-12-31 CN¥4.84 Billion
≈ $707.73 Million		 +13.42%
2018-12-31 CN¥4.26 Billion
≈ $624.01 Million		 +13.73%
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 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
Weifu High-Technology Group Co Ltd
SHE:000581
 $2.27 Billion
Insignia Financial Ltd
AU:IFL
 $2.27 Billion
Jiangsu Toland Alloy Co Ltd
SHE:300855
 $2.27 Billion
GN Store Nord
CO:GN
 $2.27 Billion
CSG Systems International Inc
NASDAQ:CSGS
 $2.27 Billion
Sinch AB
ST:SINCH
 $2.27 Billion
LEROY SEAFOOD GR.UNSP.ADR
F:Z1L0
 $2.27 Billion
SES S. A.
PA:SESG
 $2.27 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: 2.31x
  • 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 63.79x to 2.31x 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¥26.50 x
2006-12-31 CN¥0.49 CN¥26.50 x
2007-12-31 CN¥0.64 CN¥26.50 x
2008-12-31 CN¥0.82 CN¥26.50 x
2009-12-31 CN¥1.08 CN¥26.50 x
2010-12-31 CN¥3.39 CN¥26.50 x
2011-12-31 CN¥3.27 CN¥26.50 x
2012-12-31 CN¥3.53 CN¥26.50 x
2013-12-31 CN¥3.82 CN¥26.50 x
2014-12-31 CN¥4.07 CN¥26.50 x
2015-12-31 CN¥4.93 CN¥26.50 x
2016-12-31 CN¥5.35 CN¥26.50 x
2017-12-31 CN¥5.78 CN¥26.50 x
2018-12-31 CN¥6.31 CN¥26.50 x
2019-12-31 CN¥7.25 CN¥26.50 x
2020-12-31 CN¥7.18 CN¥26.50 x
2021-12-31 CN¥8.05 CN¥26.50 x
2022-12-31 CN¥10.41 CN¥26.50 x
2023-12-31 CN¥11.02 CN¥26.50 x
2024-12-31 CN¥11.50 CN¥26.50 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: $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
Fujian Star Net Communic Ltd (002396) CN¥9.99 Billion 17.72% 0.62x $2.27 Billion
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 Fujian Star Net Communic Ltd

SHE:002396 China Communication Equipment
Market Cap
$2.27 Billion
CN¥15.52 Billion CNY
Market Cap Rank
#5808 Global
#1223 in China
Share Price
CN¥26.50
Change (1 day)
-0.26%
52-Week Range
CN¥18.88 - CN¥35.74
All Time High
CN¥44.59
Categories
Companies in China Communication Equipment Technology AI & Machine Learning
About

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