Net263 Ltd

SHE:002467 China Telecom Services
Market Cap
$1.37 Billion
CN¥10.03 Billion CNY
Market Cap Rank
#6768 Global
#1072 in China
Share Price
CN¥7.29
Change (1 day)
-3.06%
52-Week Range
CN¥4.72 - CN¥7.62
All Time High
CN¥16.50
Categories
Companies in China Telecom Services
About

NET263 Ltd. provides cloud services in China and internationally. The company offers cloud network solutions, including virtual private network, data center, real-time audio and video transmission network, mobile network, international submarine cables, and 5G communication solutions; and cloud communication solutions, such as corporate live-streaming, enterprise email, video conferencing, teleco… Read more

Net263 Ltd (002467) - Net Assets

Latest net assets as of September 2025: CN¥2.08 Billion CNY

Based on the latest financial reports, Net263 Ltd (002467) has net assets worth CN¥2.08 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¥2.46 Billion) and total liabilities (CN¥377.05 Million). 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¥2.08 Billion
% of Total Assets 84.66%
Annual Growth Rate 12.29%
5-Year Change -17.86%
10-Year Change -8.36%
Growth Volatility 67.68

Net263 Ltd - Net Assets Trend (2005–2024)

This chart illustrates how Net263 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 Net263 Ltd (2005–2024)

The table below shows the annual net assets of Net263 Ltd from 2005 to 2024.

Year Net Assets Change
2024-12-31 CN¥2.02 Billion +4.66%
2023-12-31 CN¥1.93 Billion -18.40%
2022-12-31 CN¥2.36 Billion +2.58%
2021-12-31 CN¥2.31 Billion -6.24%
2020-12-31 CN¥2.46 Billion +14.42%
2019-12-31 CN¥2.15 Billion +8.49%
2018-12-31 CN¥1.98 Billion +4.16%
2017-12-31 CN¥1.90 Billion +0.62%
2016-12-31 CN¥1.89 Billion -14.24%
2015-12-31 CN¥2.20 Billion +55.40%
2014-12-31 CN¥1.42 Billion +7.01%
2013-12-31 CN¥1.33 Billion +2.57%
2012-12-31 CN¥1.29 Billion +20.54%
2011-12-31 CN¥1.07 Billion +2.21%
2010-12-31 CN¥1.05 Billion +294.14%
2009-12-31 CN¥266.09 Million -0.36%
2008-12-31 CN¥267.05 Million +34.48%
2007-12-31 CN¥198.58 Million +50.42%
2006-12-31 CN¥132.02 Million -40.82%
2005-12-31 CN¥223.08 Million --

Equity Component Analysis

This analysis shows how different components contribute to Net263 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 29.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥136.85 Million 7.21%
Common Stock CN¥1.38 Billion 72.51%
Other Components CN¥384.56 Million 20.27%
Total Equity CN¥1.90 Billion 100.00%

Net263 Ltd Competitors by Market Cap

The table below lists competitors of Net263 Ltd ranked by their market capitalization.

Company Market Cap
Mando Corp
KO:204320
 		$1.15 Billion
Bloomage Biotechnology Corp Ltd
SHG:688363
 		$1.15 Billion
Hangzhou Zhongheng Electric Co Ltd
SHE:002364
 		$1.15 Billion
Cementos Argos S.A.
SN:CEMARGOSCL
 		$1.15 Billion
Tennant Company
NYSE:TNC
 		$1.15 Billion
Pexa Group Ltd
AU:PXA
 		$1.15 Billion
Hubei Wanrun New Energy Technology Co. Ltd. A
SHG:688275
 		$1.15 Billion
Toyota Boshoku Corporation
F:TY7
 		$1.15 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Net263 Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,816,366,000 to 1,896,779,000, a change of 80,413,000 (4.4%).
  • Net income of 68,536,277 contributed positively to equity growth.
  • Share repurchases of 24,906,400 reduced equity.
  • Other comprehensive income decreased equity by 151,243,000.
  • Other factors increased equity by 188,026,123.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥68.54 Million +3.61%
Share Repurchases CN¥24.91 Million -1.31%
Other Comprehensive Income CN¥-151.24 Million -7.97%
Other Changes CN¥188.03 Million +9.91%
Total Change CN¥- 4.43%

Book Value vs Market Value Analysis

This analysis compares Net263 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: 5.27x
  • 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 33.59x to 5.27x 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¥0.22 CN¥7.29 x
2006-12-31 CN¥0.13 CN¥7.29 x
2007-12-31 CN¥0.21 CN¥7.29 x
2008-12-31 CN¥0.26 CN¥7.29 x
2009-12-31 CN¥0.29 CN¥7.29 x
2010-12-31 CN¥1.02 CN¥7.29 x
2011-12-31 CN¥0.77 CN¥7.29 x
2012-12-31 CN¥1.06 CN¥7.29 x
2013-12-31 CN¥1.09 CN¥7.29 x
2014-12-31 CN¥1.18 CN¥7.29 x
2015-12-31 CN¥1.76 CN¥7.29 x
2016-12-31 CN¥1.34 CN¥7.29 x
2017-12-31 CN¥1.38 CN¥7.29 x
2018-12-31 CN¥1.36 CN¥7.29 x
2019-12-31 CN¥1.54 CN¥7.29 x
2020-12-31 CN¥1.77 CN¥7.29 x
2021-12-31 CN¥1.61 CN¥7.29 x
2022-12-31 CN¥1.63 CN¥7.29 x
2023-12-31 CN¥1.35 CN¥7.29 x
2024-12-31 CN¥1.38 CN¥7.29 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Net263 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): 3.61%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 7.90%
  • • Asset Turnover: 0.37x
  • • Equity Multiplier: 1.25x
  • Recent ROE (3.61%) is below the historical average (8.07%), 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 4.02% 2.24% 1.42x 1.27x CN¥-13.33 Million
2006 11.46% 4.52% 1.29x 1.97x CN¥1.86 Million
2007 35.03% 21.57% 1.30x 1.25x CN¥49.09 Million
2008 26.42% 23.32% 0.94x 1.20x CN¥43.60 Million
2009 26.44% 23.17% 0.91x 1.25x CN¥43.73 Million
2010 6.60% 23.57% 0.26x 1.09x CN¥-35.63 Million
2011 6.65% 24.03% 0.25x 1.11x CN¥-35.94 Million
2012 20.60% 69.48% 0.24x 1.22x CN¥136.67 Million
2013 10.40% 19.25% 0.45x 1.21x CN¥5.26 Million
2014 10.43% 19.84% 0.44x 1.19x CN¥6.04 Million
2015 2.67% 8.22% 0.27x 1.19x CN¥-161.47 Million
2016 -21.12% -45.26% 0.31x 1.51x CN¥-557.34 Million
2017 1.71% 3.71% 0.35x 1.31x CN¥-150.20 Million
2018 4.41% 9.26% 0.37x 1.30x CN¥-108.95 Million
2019 8.47% 17.23% 0.37x 1.31x CN¥-31.66 Million
2020 14.71% 35.91% 0.32x 1.26x CN¥111.46 Million
2021 1.51% 3.75% 0.33x 1.24x CN¥-187.49 Million
2022 1.42% 3.58% 0.32x 1.23x CN¥-194.01 Million
2023 -14.06% -28.70% 0.38x 1.28x CN¥-437.03 Million
2024 3.61% 7.90% 0.37x 1.25x CN¥-121.14 Million

Industry Comparison

This section compares Net263 Ltd's net assets metrics with peer companies in the Telecom Services industry.

Industry Context

  • Industry: Telecom Services
  • Average net assets among peers: $1,504,328,578
  • Average return on equity (ROE) among peers: 10.32%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Net263 Ltd (002467) CN¥2.08 Billion 4.02% 0.18x $1.15 Billion
Beijing Bewinner Communications Co Ltd (002148) $1.22 Billion 10.61% 0.11x $437.69 Million
Runjian Communication Co Ltd Class A (002929) $5.98 Billion 7.34% 1.48x $1.04 Billion
Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) $673.56 Million 2.07% 0.39x $332.87 Million
Dingli Communications Corp Ltd (300050) $219.84 Million 50.65% 0.36x $380.27 Million
Fuchun Technology Co Ltd (300299) $531.11 Million 14.13% 0.92x $421.56 Million
Zhong Fu Tong Co Ltd (300560) $230.82 Million 0.00% 0.55x $288.57 Million
Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) $1.67 Billion -2.99% 0.22x $1.46 Billion
Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) $1.17 Billion 4.30% 0.15x $530.67 Million
Wintao Communications Co. Ltd (301139) $1.85 Billion 6.79% 0.51x $169.25 Million