Guangdong Shenglu Telecommunication Tech Co Ltd (002446) - Net Assets
Based on the latest financial reports, Guangdong Shenglu Telecommunication Tech Co Ltd (002446) has net assets worth CN¥2.55 Billion CNY (≈ $372.75 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¥3.77 Billion ≈ $551.30 Million USD) and total liabilities (CN¥1.22 Billion ≈ $178.55 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 Guangdong Shenglu Telecommunication Tech PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.55 Billion |
| % of Total Assets | 67.61% |
| Annual Growth Rate | 21.41% |
| 5-Year Change | -11.43% |
| 10-Year Change | 3.49% |
| Growth Volatility | 61.24 |
Guangdong Shenglu Telecommunication Tech Co Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Guangdong Shenglu Telecommunication Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002446 market cap overview.
Annual Net Assets for Guangdong Shenglu Telecommunication Tech Co Ltd (2005–2025)
The table below shows the annual net assets of Guangdong Shenglu Telecommunication Tech Co Ltd from 2005 to 2025. Also explore Guangdong Shenglu Telecommunication Tech net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.53 Billion ≈ $370.49 Million |
+2.50% |
| 2024-12-31 | CN¥2.47 Billion ≈ $361.47 Million |
-23.04% |
| 2023-12-31 | CN¥3.21 Billion ≈ $469.72 Million |
+2.09% |
| 2022-12-31 | CN¥3.14 Billion ≈ $460.10 Million |
+10.00% |
| 2021-12-31 | CN¥2.86 Billion ≈ $418.29 Million |
-6.32% |
| 2020-12-31 | CN¥3.05 Billion ≈ $446.49 Million |
+8.61% |
| 2019-12-31 | CN¥2.81 Billion ≈ $411.08 Million |
-0.64% |
| 2018-12-31 | CN¥2.83 Billion ≈ $413.74 Million |
+11.91% |
| 2017-12-31 | CN¥2.53 Billion ≈ $369.71 Million |
+3.27% |
| 2016-12-31 | CN¥2.45 Billion ≈ $358.00 Million |
+6.32% |
| 2015-12-31 | CN¥2.30 Billion ≈ $336.72 Million |
+86.92% |
| 2014-12-31 | CN¥1.23 Billion ≈ $180.14 Million |
+87.48% |
| 2013-12-31 | CN¥656.63 Million ≈ $96.09 Million |
-0.45% |
| 2012-12-31 | CN¥659.59 Million ≈ $96.52 Million |
+1.39% |
| 2011-12-31 | CN¥650.53 Million ≈ $95.19 Million |
-0.75% |
| 2010-12-31 | CN¥655.47 Million ≈ $95.92 Million |
+267.50% |
| 2009-12-31 | CN¥178.36 Million ≈ $26.10 Million |
+30.42% |
| 2008-12-31 | CN¥136.76 Million ≈ $20.01 Million |
+29.67% |
| 2007-12-31 | CN¥105.47 Million ≈ $15.43 Million |
+43.76% |
| 2006-12-31 | CN¥73.37 Million ≈ $10.74 Million |
+40.22% |
| 2005-12-31 | CN¥52.32 Million ≈ $7.66 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Shenglu Telecommunication Tech 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 3392.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥3.17 Billion | 125.20% |
| Total Equity | CN¥2.53 Billion | 100.00% |
Guangdong Shenglu Telecommunication Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Shenglu Telecommunication Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MBB INDUSTRIES
XETRA:MBB
|
$1.09 Billion |
|
Shenzhen Shenbao Industrial Co Ltd
SHE:000019
|
$1.09 Billion |
|
Shanghai Electric Group Company Limited
F:USR
|
$1.09 Billion |
|
Hengbao Co Ltd
SHE:002104
|
$1.09 Billion |
|
Jutze Intelligent Technology Co Ltd
SHE:300802
|
$1.09 Billion |
|
Frey SA
PA:FREY
|
$1.09 Billion |
|
Refrigeration Electrical Engineering Corp
VN:REE
|
$1.09 Billion |
|
CHINA FOODS UNSP.ADR/20
F:CFH0
|
$1.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Shenglu Telecommunication Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,467,291,675 to 2,529,563,022, a change of 62,271,347 (2.5%).
- Net income of 69,629,355 contributed positively to equity growth.
- Dividend payments of 13,229,608 reduced retained earnings.
- Other comprehensive income decreased equity by 76,251,242.
- Other factors increased equity by 82,122,842.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥69.63 Million | +2.75% |
| Dividends Paid | CN¥13.23 Million | -0.52% |
| Other Comprehensive Income | CN¥-76.25 Million | -3.01% |
| Other Changes | CN¥82.12 Million | +3.25% |
| Total Change | CN¥- | 2.52% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Shenglu Telecommunication Tech 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: 2.95x
- 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 9.29x to 2.95x 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¥0.88 | CN¥8.15 | x |
| 2006-12-31 | CN¥0.33 | CN¥8.15 | x |
| 2007-12-31 | CN¥0.29 | CN¥8.15 | x |
| 2008-12-31 | CN¥0.37 | CN¥8.15 | x |
| 2009-12-31 | CN¥0.48 | CN¥8.15 | x |
| 2010-12-31 | CN¥1.55 | CN¥8.15 | x |
| 2011-12-31 | CN¥1.29 | CN¥8.15 | x |
| 2012-12-31 | CN¥1.41 | CN¥8.15 | x |
| 2013-12-31 | CN¥1.16 | CN¥8.15 | x |
| 2014-12-31 | CN¥2.25 | CN¥8.15 | x |
| 2015-12-31 | CN¥3.57 | CN¥8.15 | x |
| 2016-12-31 | CN¥3.18 | CN¥8.15 | x |
| 2017-12-31 | CN¥3.25 | CN¥8.15 | x |
| 2018-12-31 | CN¥3.73 | CN¥8.15 | x |
| 2019-12-31 | CN¥3.22 | CN¥8.15 | x |
| 2020-12-31 | CN¥3.36 | CN¥8.15 | x |
| 2021-12-31 | CN¥3.14 | CN¥8.15 | x |
| 2022-12-31 | CN¥3.44 | CN¥8.15 | x |
| 2023-12-31 | CN¥3.67 | CN¥8.15 | x |
| 2024-12-31 | CN¥2.70 | CN¥8.15 | x |
| 2025-12-31 | CN¥2.76 | CN¥8.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Shenglu Telecommunication Tech 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): 2.75%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.77%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.48x
- Recent ROE (2.75%) is below the historical average (5.64%), 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 | 29.55% | 6.14% | 1.21x | 3.98x | CN¥10.01 Million |
| 2006 | 27.23% | 6.40% | 1.13x | 3.76x | CN¥12.30 Million |
| 2007 | 27.41% | 10.12% | 0.91x | 2.96x | CN¥18.36 Million |
| 2008 | 22.88% | 10.16% | 0.96x | 2.35x | CN¥17.61 Million |
| 2009 | 23.32% | 10.62% | 0.91x | 2.42x | CN¥23.77 Million |
| 2010 | 6.72% | 10.78% | 0.49x | 1.28x | CN¥-21.50 Million |
| 2011 | 1.87% | 3.11% | 0.47x | 1.29x | CN¥-52.62 Million |
| 2012 | 1.52% | 3.20% | 0.38x | 1.25x | CN¥-55.72 Million |
| 2013 | 0.69% | 1.42% | 0.38x | 1.28x | CN¥-60.97 Million |
| 2014 | 3.92% | 9.17% | 0.35x | 1.23x | CN¥-74.83 Million |
| 2015 | 5.27% | 13.34% | 0.31x | 1.28x | CN¥-108.78 Million |
| 2016 | 6.60% | 13.96% | 0.35x | 1.33x | CN¥-83.07 Million |
| 2017 | 3.99% | 10.52% | 0.28x | 1.35x | CN¥-151.51 Million |
| 2018 | 4.29% | 8.55% | 0.26x | 1.91x | CN¥-161.44 Million |
| 2019 | -27.01% | -56.73% | 0.30x | 1.61x | CN¥-1.04 Billion |
| 2020 | 5.95% | 15.82% | 0.29x | 1.28x | CN¥-123.34 Million |
| 2021 | -7.43% | -22.05% | 0.25x | 1.36x | CN¥-497.52 Million |
| 2022 | 7.76% | 17.12% | 0.35x | 1.31x | CN¥-70.45 Million |
| 2023 | 1.63% | 4.41% | 0.28x | 1.33x | CN¥-268.29 Million |
| 2024 | -30.38% | -69.27% | 0.30x | 1.45x | CN¥-996.18 Million |
| 2025 | 2.75% | 5.77% | 0.32x | 1.48x | CN¥-183.33 Million |
Industry Comparison
This section compares Guangdong Shenglu Telecommunication Tech Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $8,733,771,767
- Average return on equity (ROE) among peers: 4.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Shenglu Telecommunication Tech Co Ltd (002446) | CN¥2.55 Billion | 29.55% | 0.48x | $1.09 Billion |
| ZTE Corp (000063) | $75.64 Billion | 7.43% | 1.88x | $18.81 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $204.52 Million | 22.76% | 2.18x | $2.28 Billion |
| Addsino Co Ltd (000547) | $6.03 Billion | -27.73% | 0.88x | $3.41 Billion |
| Sichuan Huiyuan Optical Com (000586) | $261.12 Million | -1.11% | 1.30x | $379.59 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $72.38 Million | 11.71% | 0.92x | $418.17 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $110.47 Million | 5.50% | 1.13x | $1.76 Billion |
| Skyworth Digital Co Ltd (000810) | $169.30 Million | 10.79% | 0.96x | $1.57 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $1.07 Billion | 1.56% | 0.75x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $1.32 Billion | 10.19% | 1.41x | $913.88 Million |
| Sunwave Communications Co Ltd (002115) | $2.46 Billion | 2.25% | 0.78x | $1.20 Billion |
About Guangdong Shenglu Telecommunication Tech Co Ltd
Guangdong Shenglu Telecommunication Tech. Co., Ltd., together with its subsidiaries, researches, develops, manufactures, and sells communication equipment, electromechanical products, and electronic circuit product accessories in China and internationally. It operates in two segments, Communication Equipment and Microwave Electronics. The company offers microwave antennas and auxiliary components… Read more