Sichuan Jiuyuan Yinhai Software Co Ltd (002777) - Net Assets
Based on the latest financial reports, Sichuan Jiuyuan Yinhai Software Co Ltd (002777) has net assets worth CN¥1.79 Billion CNY (≈ $261.77 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¥2.66 Billion ≈ $389.29 Million USD) and total liabilities (CN¥871.41 Million ≈ $127.51 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 asset resilience ratio of Sichuan Jiuyuan Yinhai Software Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.79 Billion |
| % of Total Assets | 67.24% |
| Annual Growth Rate | 19.17% |
| 5-Year Change | 32.0% |
| 10-Year Change | 280.57% |
| Growth Volatility | 26.13 |
Sichuan Jiuyuan Yinhai Software Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Sichuan Jiuyuan Yinhai Software Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002777 asset base for the complete picture of this company's asset base.
Annual Net Assets for Sichuan Jiuyuan Yinhai Software Co Ltd (2011–2024)
The table below shows the annual net assets of Sichuan Jiuyuan Yinhai Software Co Ltd from 2011 to 2024. For live valuation and market cap data, see 002777 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.81 Billion ≈ $264.68 Million |
+2.17% |
| 2023-12-31 | CN¥1.77 Billion ≈ $259.07 Million |
+5.20% |
| 2022-12-31 | CN¥1.68 Billion ≈ $246.26 Million |
+8.55% |
| 2021-12-31 | CN¥1.55 Billion ≈ $226.86 Million |
+13.14% |
| 2020-12-31 | CN¥1.37 Billion ≈ $200.52 Million |
+5.43% |
| 2019-12-31 | CN¥1.30 Billion ≈ $190.18 Million |
+16.62% |
| 2018-12-31 | CN¥1.11 Billion ≈ $163.07 Million |
+92.85% |
| 2017-12-31 | CN¥577.88 Million ≈ $84.56 Million |
+11.34% |
| 2016-12-31 | CN¥519.03 Million ≈ $75.95 Million |
+9.21% |
| 2015-12-31 | CN¥475.27 Million ≈ $69.55 Million |
+67.91% |
| 2014-12-31 | CN¥283.05 Million ≈ $41.42 Million |
+7.23% |
| 2013-12-31 | CN¥263.97 Million ≈ $38.63 Million |
+17.77% |
| 2012-12-31 | CN¥224.14 Million ≈ $32.80 Million |
+21.15% |
| 2011-12-31 | CN¥185.01 Million ≈ $27.07 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sichuan Jiuyuan Yinhai Software 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 grown by 1681.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥820.24 Million | 49.07% |
| Common Stock | CN¥408.23 Million | 24.42% |
| Other Components | CN¥442.99 Million | 26.50% |
| Total Equity | CN¥1.67 Billion | 100.00% |
Sichuan Jiuyuan Yinhai Software Co Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Jiuyuan Yinhai Software Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sino-High (China) Co. Ltd.
SHE:301076
|
$939.69 Million |
|
Insperity Inc
NYSE:NSP
|
$940.19 Million |
|
AMG Advanced Metallurgical Group NV
AS:AMG
|
$940.26 Million |
|
Hunan Jiudian Pharmaceutical Co Ltd
SHE:300705
|
$940.58 Million |
|
Shenzhen INVT Electric Co Ltd
SHE:002334
|
$939.06 Million |
|
J.S. Corrugating Machinery Co Ltd
SHE:000821
|
$938.81 Million |
|
Standard Lithium Ltd
V:SLI
|
$938.76 Million |
|
Hongsheng Heat Exchanger Mnfg
SHG:603090
|
$938.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Jiuyuan Yinhai Software Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,670,034,000 to 1,671,463,000, a change of 1,429,000 (0.1%).
- Net income of 73,261,254 contributed positively to equity growth.
- Dividend payments of 48,988,000 reduced retained earnings.
- Other comprehensive income decreased equity by 138,292,000.
- Other factors increased equity by 115,447,746.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥73.26 Million | +4.38% |
| Dividends Paid | CN¥48.99 Million | -2.93% |
| Other Comprehensive Income | CN¥-138.29 Million | -8.27% |
| Other Changes | CN¥115.45 Million | +6.91% |
| Total Change | CN¥- | 0.09% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Jiuyuan Yinhai Software 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: 3.83x
- 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 29.99x to 3.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.52 | CN¥15.73 | x |
| 2012-12-31 | CN¥0.65 | CN¥15.73 | x |
| 2013-12-31 | CN¥0.77 | CN¥15.73 | x |
| 2014-12-31 | CN¥0.82 | CN¥15.73 | x |
| 2015-12-31 | CN¥1.47 | CN¥15.73 | x |
| 2016-12-31 | CN¥1.20 | CN¥15.73 | x |
| 2017-12-31 | CN¥1.35 | CN¥15.73 | x |
| 2018-12-31 | CN¥2.50 | CN¥15.73 | x |
| 2019-12-31 | CN¥2.71 | CN¥15.73 | x |
| 2020-12-31 | CN¥3.06 | CN¥15.73 | x |
| 2021-12-31 | CN¥4.74 | CN¥15.73 | x |
| 2022-12-31 | CN¥3.78 | CN¥15.73 | x |
| 2023-12-31 | CN¥4.08 | CN¥15.73 | x |
| 2024-12-31 | CN¥4.11 | CN¥15.73 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Jiuyuan Yinhai Software 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): 4.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.47%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.61x
- Recent ROE (4.38%) is below the historical average (16.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 29.01% | 17.06% | 0.59x | 2.87x | CN¥28.29 Million |
| 2012 | 24.48% | 15.29% | 0.57x | 2.81x | CN¥26.62 Million |
| 2013 | 24.82% | 18.22% | 0.49x | 2.80x | CN¥32.30 Million |
| 2014 | 23.86% | 15.25% | 0.53x | 2.95x | CN¥32.40 Million |
| 2015 | 13.63% | 12.72% | 0.48x | 2.25x | CN¥15.23 Million |
| 2016 | 16.90% | 14.65% | 0.47x | 2.45x | CN¥31.54 Million |
| 2017 | 17.87% | 13.15% | 0.53x | 2.55x | CN¥39.99 Million |
| 2018 | 11.64% | 13.74% | 0.44x | 1.92x | CN¥16.75 Million |
| 2019 | 14.62% | 15.89% | 0.48x | 1.90x | CN¥51.05 Million |
| 2020 | 14.93% | 16.18% | 0.52x | 1.78x | CN¥61.65 Million |
| 2021 | 15.37% | 16.73% | 0.54x | 1.71x | CN¥76.35 Million |
| 2022 | 11.94% | 14.36% | 0.51x | 1.64x | CN¥29.88 Million |
| 2023 | 9.96% | 12.35% | 0.50x | 1.62x | CN¥-652.70K |
| 2024 | 4.38% | 5.47% | 0.50x | 1.61x | CN¥-93.89 Million |
Industry Comparison
This section compares Sichuan Jiuyuan Yinhai Software Co Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $3,951,687,202
- Average return on equity (ROE) among peers: -0.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Jiuyuan Yinhai Software Co Ltd (002777) | CN¥1.79 Billion | 29.01% | 0.49x | $939.66 Million |
| Digital China Information Service Co Ltd (000555) | $54.46 Million | -79.56% | 3.15x | $1.96 Billion |
| Fujian Newland Computer Co Ltd (000997) | $2.53 Billion | 18.26% | 1.48x | $2.95 Billion |
| YGSOFT Inc (002063) | $2.77 Billion | 9.50% | 0.13x | $1.76 Billion |
| Dhc Software Co Ltd (002065) | $2.27 Billion | 18.56% | 0.48x | $3.86 Billion |
| Zhejiang Netsun Co Ltd (002095) | $494.50 Million | 6.66% | 0.20x | $597.98 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $2.29 Billion | 3.31% | 0.92x | $1.12 Billion |
| Beijing Shiji Information Technology Co Ltd (002153) | $905.80 Million | 23.61% | 0.18x | $4.03 Billion |
| Shanghai 2345 Network Holding Group (002195) | $9.15 Billion | -9.99% | 0.08x | $7.14 Billion |
| Iflytek Co Ltd (002230) | $17.73 Billion | 3.71% | 1.13x | $16.17 Billion |
| Qiming Information Technology Co Ltd (002232) | $1.33 Billion | 3.04% | 0.59x | $1.06 Billion |
About Sichuan Jiuyuan Yinhai Software Co Ltd
Sichuan Jiuyuan Yinhai Software.Co.,Ltd provides medical insurance, digital government affairs, and smart cities services for government departments and industry ecosystem entities in China. The company offers information technology, cloud, and digital activation services in the areas of medical health and insurance, security, human resources, social security, housing finance, and civil affairs, … Read more