Net263 Ltd (002467) - Net Assets
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. Check tangible equity quality of Net263 Ltd to evaluate the tangible quality of the company's equity 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. See Net263 Ltd (002467) liquidity interval to measure how many days the company can operate on defensive assets alone.
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 |
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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 |
|---|---|
|
Nordic American Tankers Limited
F:B3O
|
$1.04 Billion |
|
Shandong Jinjing Science and Technology Stock Co Ltd
SHG:600586
|
$1.04 Billion |
|
AVI Global Trust PLC
LSE:AGT
|
$1.04 Billion |
|
GoGold Resources Inc.
TO:GGD
|
$1.04 Billion |
|
Chongqing Taiji Industry Group Co Ltd
SHG:600129
|
$1.04 Billion |
|
Isracard Ltd
TA:ISCD
|
$1.04 Billion |
|
Cronos Group Inc
TO:CRON
|
$1.04 Billion |
|
OceanFirst Financial Corp.
NASDAQ:OCFC
|
$1.04 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 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: 4.49x
- 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 23.87x to 4.49x 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¥5.18 | x |
| 2006-12-31 | CN¥0.13 | CN¥5.18 | x |
| 2007-12-31 | CN¥0.21 | CN¥5.18 | x |
| 2008-12-31 | CN¥0.26 | CN¥5.18 | x |
| 2009-12-31 | CN¥0.29 | CN¥5.18 | x |
| 2010-12-31 | CN¥1.02 | CN¥5.18 | x |
| 2011-12-31 | CN¥0.77 | CN¥5.18 | x |
| 2012-12-31 | CN¥1.06 | CN¥5.18 | x |
| 2013-12-31 | CN¥1.09 | CN¥5.18 | x |
| 2014-12-31 | CN¥1.18 | CN¥5.18 | x |
| 2015-12-31 | CN¥1.76 | CN¥5.18 | x |
| 2016-12-31 | CN¥1.34 | CN¥5.18 | x |
| 2017-12-31 | CN¥1.38 | CN¥5.18 | x |
| 2018-12-31 | CN¥1.36 | CN¥5.18 | x |
| 2019-12-31 | CN¥1.54 | CN¥5.18 | x |
| 2020-12-31 | CN¥1.77 | CN¥5.18 | x |
| 2021-12-31 | CN¥1.61 | CN¥5.18 | x |
| 2022-12-31 | CN¥1.63 | CN¥5.18 | x |
| 2023-12-31 | CN¥1.35 | CN¥5.18 | x |
| 2024-12-31 | CN¥1.38 | CN¥5.18 | x |
| 2025-12-31 | CN¥1.15 | CN¥5.18 | 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: $1,289,613,800
- Average return on equity (ROE) among peers: 6.52%
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 | $1.04 Billion |
| Beijing Bewinner Communications Co Ltd (002148) | $1.20 Billion | 1.42% | 0.10x | $503.66 Million |
| Runjian Communication Co Ltd Class A (002929) | $6.28 Billion | 0.60% | 2.26x | $2.56 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $458.15 Million | 6.12% | 0.99x | $338.01 Million |
| Dingli Communications Corp Ltd (300050) | $76.29 Million | 34.64% | 0.36x | $550.12 Million |
| Fuchun Technology Co Ltd (300299) | $1.33 Billion | 5.26% | 0.22x | $513.14 Million |
| Zhong Fu Tong Co Ltd (300560) | $1.11 Billion | 6.60% | 1.48x | $570.51 Million |
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | $25.84 Million | -29.37% | 0.73x | $1.41 Billion |
| NOVA Technology Corporation Limited (300921) | $812.93 Million | 7.73% | 0.15x | $577.44 Million |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $324.28 Million | 25.69% | 0.34x | $1.84 Billion |
About Net263 Ltd
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