Guangdong Shenglu Telecommunication Tech Co Ltd (002446) - Net Assets

Latest as of September 2025: CN¥2.55 Billion CNY ≈ $372.60 Million USD

Based on the latest financial reports, Guangdong Shenglu Telecommunication Tech Co Ltd (002446) has net assets worth CN¥2.55 Billion CNY (≈ $372.60 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¥3.82 Billion ≈ $559.42 Million USD) and total liabilities (CN¥1.28 Billion ≈ $186.81 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 Guangdong Shenglu Telecommunication Tech's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.55 Billion
% of Total Assets	66.61%
Annual Growth Rate	22.49%
5-Year Change	-19.04%
10-Year Change	7.35%
Growth Volatility	62.49

Guangdong Shenglu Telecommunication Tech Co Ltd - Net Assets Trend (2005–2024)

This chart illustrates how Guangdong Shenglu Telecommunication Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Guangdong Shenglu Telecommunication Tech total assets for the complete picture of this company's asset base.

Annual Net Assets for Guangdong Shenglu Telecommunication Tech Co Ltd (2005–2024)

The table below shows the annual net assets of Guangdong Shenglu Telecommunication Tech Co Ltd from 2005 to 2024. For live valuation and market cap data, see Guangdong Shenglu Telecommunication Tech market cap and net worth.

Year	Net Assets	Change
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 3751.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Common Stock	CN¥915.32 Million	37.10%
Other Comprehensive Income	CN¥76.25 Million	3.09%
Other Components	CN¥2.18 Billion	88.47%
Total Equity	CN¥2.47 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
Companhiade Eletricidade do Estado da Bahia - COELBA SA:CEEB3	$1.44 Billion
Arlo Technologies NYSE:ARLO	$1.44 Billion
Piper Sandler Companies NYSE:PIPR	$1.44 Billion
Bk Harda Internasional Tbk Pt JK:BBHI	$1.44 Billion
Scientex Bhd KLSE:4731	$1.44 Billion
Saurer Intelligent Technology Co Ltd Class A SHG:600545	$1.44 Billion
Eurocommercial Properties N.V. AS:ECMPA	$1.44 Billion
ERAMET EO 305 ADR 1/10 F:ER70	$1.44 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 2023 to 2024, total equity changed from 3,206,789,921 to 2,467,291,675, a change of -739,498,246 (-23.1%).
Net loss of 749,445,850 reduced equity.
Dividend payments of 12,739,165 reduced retained earnings.
Other comprehensive income increased equity by 76,251,242.
Other factors decreased equity by 53,564,473.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥-749.45 Million	-30.38%
Dividends Paid	CN¥12.74 Million	-0.52%
Other Comprehensive Income	CN¥76.25 Million	+3.09%
Other Changes	CN¥-53.56 Million	-2.17%
Total Change	CN¥-	-23.06%

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: 3.99x
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 12.28x to 3.99x 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¥10.77	x
2006-12-31	CN¥0.33	CN¥10.77	x
2007-12-31	CN¥0.29	CN¥10.77	x
2008-12-31	CN¥0.37	CN¥10.77	x
2009-12-31	CN¥0.48	CN¥10.77	x
2010-12-31	CN¥1.55	CN¥10.77	x
2011-12-31	CN¥1.29	CN¥10.77	x
2012-12-31	CN¥1.41	CN¥10.77	x
2013-12-31	CN¥1.16	CN¥10.77	x
2014-12-31	CN¥2.25	CN¥10.77	x
2015-12-31	CN¥3.57	CN¥10.77	x
2016-12-31	CN¥3.18	CN¥10.77	x
2017-12-31	CN¥3.25	CN¥10.77	x
2018-12-31	CN¥3.73	CN¥10.77	x
2019-12-31	CN¥3.22	CN¥10.77	x
2020-12-31	CN¥3.36	CN¥10.77	x
2021-12-31	CN¥3.14	CN¥10.77	x
2022-12-31	CN¥3.44	CN¥10.77	x
2023-12-31	CN¥3.67	CN¥10.77	x
2024-12-31	CN¥2.70	CN¥10.77	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): -30.38%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -69.27%
• Asset Turnover: 0.30x
• Equity Multiplier: 1.45x
Recent ROE (-30.38%) is below the historical average (5.79%), 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

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: $6,493,798,224
Average return on equity (ROE) among peers: 16.36%

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%	0.50x	$1.44 Billion
ZTE Corp (000063)	$45.38 Billion	11.17%	2.17x	$22.80 Billion
Shenzhen SDG Information Co Ltd (000070)	$2.52 Billion	-24.54%	2.30x	$2.78 Billion
Addsino Co Ltd (000547)	$483.41 Million	1.94%	1.23x	$6.45 Billion
Sichuan Huiyuan Optical Com (000586)	$310.66 Million	7.41%	1.42x	$563.01 Million
PetroChina Jinhong Energy Investment Co Ltd (000669)	$4.59 Billion	5.22%	1.90x	$408.22 Million
Sichuan Jiuzhou Electronic Co Ltd (000801)	$2.39 Billion	7.98%	1.14x	$2.09 Billion
Skyworth Digital Co Ltd (000810)	$6.37 Billion	9.45%	0.80x	$2.18 Billion
Gohigh Data Networks Technology Co Ltd (000851)	$279.41 Million	5.55%	0.88x	$64.38 Million
Shenzhen Coship Electronics Co Ltd (002052)	$50.16 Million	138.76%	23.71x	$1.28 Billion
Sunwave Communications Co Ltd (002115)	$2.57 Billion	0.68%	0.81x	$1.74 Billion

About Guangdong Shenglu Telecommunication Tech Co Ltd

SHE:002446 China Communication Equipment

Market Cap

$1.44 Billion

CN¥9.86 Billion CNY

Market Cap Rank

#7624 Global

#1893 in China

Share Price

CN¥10.77

Change (1 day)

+2.28%

52-Week Range

CN¥6.46 - CN¥14.67

All Time High

CN¥23.83