Net263 Ltd (002467) - Net Assets

Latest as of March 2026: CN¥1.65 Billion CNY ≈ $240.85 Million USD

Based on the latest financial reports, Net263 Ltd (002467) has net assets worth CN¥1.65 Billion CNY (≈ $240.85 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¥2.07 Billion ≈ $302.57 Million USD) and total liabilities (CN¥421.79 Million ≈ $61.72 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. Also explore 002467 total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.65 Billion
% of Total Assets	79.6%
Annual Growth Rate	10.57%
5-Year Change	-27.87%
10-Year Change	-12.02%
Growth Volatility	66.53

Net263 Ltd - Net Assets Trend (2005–2025)

This chart illustrates how Net263 Ltd's net assets have evolved over time, based on quarterly financial data. Check Net263 Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Net263 Ltd (2005–2025)

The table below shows the annual net assets of Net263 Ltd from 2005 to 2025. For live valuation and market cap data, see 002467 market cap overview.

Year	Net Assets	Change
2025-12-31	CN¥1.66 Billion ≈ $243.32 Million	-17.67%
2024-12-31	CN¥2.02 Billion ≈ $295.53 Million	+4.66%
2023-12-31	CN¥1.93 Billion ≈ $282.36 Million	-18.40%
2022-12-31	CN¥2.36 Billion ≈ $346.04 Million	+2.58%
2021-12-31	CN¥2.31 Billion ≈ $337.34 Million	-6.24%
2020-12-31	CN¥2.46 Billion ≈ $359.78 Million	+14.42%
2019-12-31	CN¥2.15 Billion ≈ $314.45 Million	+8.49%
2018-12-31	CN¥1.98 Billion ≈ $289.85 Million	+4.16%
2017-12-31	CN¥1.90 Billion ≈ $278.27 Million	+0.62%
2016-12-31	CN¥1.89 Billion ≈ $276.56 Million	-14.24%
2015-12-31	CN¥2.20 Billion ≈ $322.50 Million	+55.40%
2014-12-31	CN¥1.42 Billion ≈ $207.53 Million	+7.01%
2013-12-31	CN¥1.33 Billion ≈ $193.93 Million	+2.57%
2012-12-31	CN¥1.29 Billion ≈ $189.07 Million	+20.54%
2011-12-31	CN¥1.07 Billion ≈ $156.85 Million	+2.21%
2010-12-31	CN¥1.05 Billion ≈ $153.47 Million	+294.14%
2009-12-31	CN¥266.09 Million ≈ $38.94 Million	-0.36%
2008-12-31	CN¥267.05 Million ≈ $39.08 Million	+34.48%
2007-12-31	CN¥198.58 Million ≈ $29.06 Million	+50.42%
2006-12-31	CN¥132.02 Million ≈ $19.32 Million	-40.82%
2005-12-31	CN¥223.08 Million ≈ $32.64 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 decreased by 253.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥1.75 Billion	110.16%
Total Equity	CN¥1.59 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
Emerald Expositions Events Inc NYSE:EEX	$962.15 Million
Xingye Leather Technology Co Ltd SHE:002674	$962.28 Million
IDI Insurance Company Ltd TA:IDIN	$962.47 Million
Permian Basin Royalty Trust NYSE:PBT	$962.47 Million
Sumavision Technologies SHE:300079	$961.98 Million
Huizhou China Eagle Electronic Technology Co Ltd SHE:002579	$961.89 Million
Eit Environmental Development Group SHE:300815	$961.80 Million
Nordic American Tankers Limited NYSE:NAT	$961.35 Million

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 2024 to 2025, total equity changed from 1,896,779,000 to 1,587,699,933, a change of -309,079,067 (-16.3%).
Net loss of 284,429,824 reduced equity.
Dividend payments of 13,753,719 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-284.43 Million	-17.91%
Dividends Paid	CN¥13.75 Million	-0.87%
Other Changes	CN¥-10.90 Million	-0.69%
Total Change	CN¥-	-16.29%

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: 4.14x
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 22.03x to 4.14x 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¥4.78	x
2006-12-31	CN¥0.13	CN¥4.78	x
2007-12-31	CN¥0.21	CN¥4.78	x
2008-12-31	CN¥0.26	CN¥4.78	x
2009-12-31	CN¥0.29	CN¥4.78	x
2010-12-31	CN¥1.02	CN¥4.78	x
2011-12-31	CN¥0.77	CN¥4.78	x
2012-12-31	CN¥1.06	CN¥4.78	x
2013-12-31	CN¥1.09	CN¥4.78	x
2014-12-31	CN¥1.18	CN¥4.78	x
2015-12-31	CN¥1.76	CN¥4.78	x
2016-12-31	CN¥1.34	CN¥4.78	x
2017-12-31	CN¥1.38	CN¥4.78	x
2018-12-31	CN¥1.36	CN¥4.78	x
2019-12-31	CN¥1.54	CN¥4.78	x
2020-12-31	CN¥1.77	CN¥4.78	x
2021-12-31	CN¥1.61	CN¥4.78	x
2022-12-31	CN¥1.63	CN¥4.78	x
2023-12-31	CN¥1.35	CN¥4.78	x
2024-12-31	CN¥1.38	CN¥4.78	x
2025-12-31	CN¥1.15	CN¥4.78	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): -17.91%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -35.68%
• Asset Turnover: 0.38x
• Equity Multiplier: 1.30x
Recent ROE (-17.91%) is below the historical average (6.83%), 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
2025	-17.91%	-35.68%	0.38x	1.30x	CN¥-443.20 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: $937,844,561
Average return on equity (ROE) among peers: 15.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Net263 Ltd (002467)	CN¥1.65 Billion	4.02%	0.26x	$962.02 Million
Beijing Bewinner Communications Co Ltd (002148)	$95.75 Million	30.99%	0.07x	$519.19 Million
Runjian Communication Co Ltd Class A (002929)	$3.31 Billion	7.22%	1.10x	$2.04 Billion
Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025)	$30.48 Million	45.37%	0.74x	$343.97 Million
Dingli Communications Corp Ltd (300050)	$411.77 Million	3.76%	0.47x	$444.88 Million
Fuchun Technology Co Ltd (300299)	$1.33 Billion	5.26%	0.22x	$549.51 Million
Zhong Fu Tong Co Ltd (300560)	$483.47 Million	8.07%	0.22x	$435.70 Million
Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766)	$1.71 Billion	4.20%	0.20x	$1.34 Billion
NOVA Technology Corporation Limited (300921)	$826.73 Million	6.93%	0.17x	$383.80 Million
Wuxi Online Offline Communication Information Technology Co. Ltd. (300959)	$240.96 Million	25.06%	0.28x	$1.04 Billion

About Net263 Ltd

SHE:002467 China Telecom Services

Market Cap

$962.02 Million

CN¥6.57 Billion CNY

Market Cap Rank

#8964 Global

#2161 in China

Share Price

CN¥4.78

Change (1 day)

+1.92%

52-Week Range

CN¥4.19 - CN¥7.91

All Time High

CN¥16.50