Gospell Digital Technology Co Ltd (002848) - Net Assets
Based on the latest financial reports, Gospell Digital Technology Co Ltd (002848) has net assets worth CN¥82.60 Million CNY (≈ $12.09 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¥473.13 Million ≈ $69.23 Million USD) and total liabilities (CN¥390.53 Million ≈ $57.15 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 002848 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥82.60 Million |
| % of Total Assets | 17.46% |
| Annual Growth Rate | -10.26% |
| 5-Year Change | -66.35% |
| 10-Year Change | -88.19% |
| Growth Volatility | 23.85 |
Gospell Digital Technology Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Gospell Digital Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Gospell Digital Technology Co Ltd (002848) market capitalisation.
Annual Net Assets for Gospell Digital Technology Co Ltd (2011–2025)
The table below shows the annual net assets of Gospell Digital Technology Co Ltd from 2011 to 2025. Also explore 002848 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥76.66 Million ≈ $11.22 Million |
-48.75% |
| 2024-12-31 | CN¥149.57 Million ≈ $21.89 Million |
+7.60% |
| 2023-12-31 | CN¥139.00 Million ≈ $20.34 Million |
-37.55% |
| 2022-12-31 | CN¥222.58 Million ≈ $32.57 Million |
-2.29% |
| 2021-12-31 | CN¥227.81 Million ≈ $33.34 Million |
-35.46% |
| 2020-12-31 | CN¥352.95 Million ≈ $51.65 Million |
-47.86% |
| 2019-12-31 | CN¥676.89 Million ≈ $99.05 Million |
+12.32% |
| 2018-12-31 | CN¥602.63 Million ≈ $88.18 Million |
-6.82% |
| 2017-12-31 | CN¥646.76 Million ≈ $94.64 Million |
-0.40% |
| 2016-12-31 | CN¥649.32 Million ≈ $95.02 Million |
+17.30% |
| 2015-12-31 | CN¥553.55 Million ≈ $81.00 Million |
+9.98% |
| 2014-12-31 | CN¥503.33 Million ≈ $73.65 Million |
+6.62% |
| 2013-12-31 | CN¥472.06 Million ≈ $69.08 Million |
+13.93% |
| 2012-12-31 | CN¥414.33 Million ≈ $60.63 Million |
+18.66% |
| 2011-12-31 | CN¥349.18 Million ≈ $51.10 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Gospell Digital Technology 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 679.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥588.46 Million | 757.29% |
| Total Equity | CN¥77.71 Million | 100.00% |
Gospell Digital Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Gospell Digital Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Cynda Chemcial Co Ltd
SHG:603086
|
$365.22 Million |
|
Wuhan Nusun Landscape Co Ltd
SHE:300536
|
$365.23 Million |
|
Agro Tech Foods Limited
NSE:ATFL
|
$365.36 Million |
|
Ophir High Conviction Fund
AU:OPH
|
$365.41 Million |
|
Kap Industrial Holdings Ltd
JSE:KAP
|
$365.16 Million |
|
Zota Health Care LImited
NSE:ZOTA
|
$365.14 Million |
|
F&F Holdings Co. Ltd
KO:007700
|
$365.12 Million |
|
Guangzhou Baiyunshan Pharmaceutical Holdings Company Limited
F:GU5
|
$365.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gospell Digital Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 149,519,000 to 77,707,004, a change of -71,811,996 (-48.0%).
- Net loss of 79,604,324 reduced equity.
- Dividend payments of 2,366,488 reduced retained earnings.
- Other factors increased equity by 10,158,816.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-79.60 Million | -102.44% |
| Dividends Paid | CN¥2.37 Million | -3.05% |
| Other Changes | CN¥10.16 Million | +13.07% |
| Total Change | CN¥- | -48.03% |
Book Value vs Market Value Analysis
This analysis compares Gospell Digital Technology 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: 32.11x
- 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 increased from 5.41x to 32.11x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥2.76 | CN¥14.93 | x |
| 2012-12-31 | CN¥3.31 | CN¥14.93 | x |
| 2013-12-31 | CN¥3.77 | CN¥14.93 | x |
| 2014-12-31 | CN¥4.02 | CN¥14.93 | x |
| 2015-12-31 | CN¥4.42 | CN¥14.93 | x |
| 2016-12-31 | CN¥5.18 | CN¥14.93 | x |
| 2017-12-31 | CN¥4.04 | CN¥14.93 | x |
| 2018-12-31 | CN¥3.61 | CN¥14.93 | x |
| 2019-12-31 | CN¥4.05 | CN¥14.93 | x |
| 2020-12-31 | CN¥2.11 | CN¥14.93 | x |
| 2021-12-31 | CN¥1.36 | CN¥14.93 | x |
| 2022-12-31 | CN¥1.20 | CN¥14.93 | x |
| 2023-12-31 | CN¥0.83 | CN¥14.93 | x |
| 2024-12-31 | CN¥0.89 | CN¥14.93 | x |
| 2025-12-31 | CN¥0.46 | CN¥14.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gospell Digital Technology 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): -102.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.84%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 8.07x
- Recent ROE (-102.44%) is below the historical average (-23.12%), 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 | 19.92% | 8.45% | 1.23x | 1.92x | CN¥34.65 Million |
| 2012 | 15.72% | 6.93% | 1.18x | 1.92x | CN¥23.68 Million |
| 2013 | 12.23% | 5.79% | 1.13x | 1.87x | CN¥10.52 Million |
| 2014 | 6.23% | 3.73% | 0.91x | 1.83x | CN¥-18.99 Million |
| 2015 | 9.08% | 5.96% | 0.79x | 1.92x | CN¥-5.11 Million |
| 2016 | 9.85% | 5.81% | 0.87x | 1.96x | CN¥-954.33K |
| 2017 | 2.32% | 1.39% | 0.81x | 2.05x | CN¥-49.69 Million |
| 2018 | -12.34% | -9.40% | 0.68x | 1.93x | CN¥-134.64 Million |
| 2019 | 1.50% | 1.61% | 0.59x | 1.58x | CN¥-57.53 Million |
| 2020 | -104.43% | -88.03% | 0.52x | 2.27x | CN¥-403.13 Million |
| 2021 | -55.22% | -21.70% | 0.83x | 3.07x | CN¥-147.82 Million |
| 2022 | -2.51% | -1.46% | 0.64x | 2.68x | CN¥-27.65 Million |
| 2023 | -59.14% | -27.93% | 0.68x | 3.13x | CN¥-96.00 Million |
| 2024 | -87.55% | -97.15% | 0.32x | 2.79x | CN¥-145.85 Million |
| 2025 | -102.44% | -21.84% | 0.58x | 8.07x | CN¥-87.38 Million |
Industry Comparison
This section compares Gospell Digital Technology Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $3,719,020,060
- Average return on equity (ROE) among peers: 4.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gospell Digital Technology Co Ltd (002848) | CN¥82.60 Million | 19.92% | 4.73x | $365.18 Million |
| ZTE Corp (000063) | $24.96 Billion | 13.02% | 2.37x | $18.87 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $2.97 Billion | 0.38% | 2.39x | $2.20 Billion |
| Addsino Co Ltd (000547) | $459.04 Million | 0.56% | 1.54x | $3.37 Billion |
| Sichuan Huiyuan Optical Com (000586) | $214.90 Million | 2.38% | 1.39x | $382.42 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.17 Billion | 5.94% | 1.21x | $430.12 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.80 Billion | 2.74% | 0.79x | $1.77 Billion |
| Skyworth Digital Co Ltd (000810) | $152.08 Million | 7.57% | 1.53x | $1.58 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $1.07 Billion | 1.56% | 0.75x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $-6.48 Million | 0.00% | 0.00x | $916.08 Million |
| Sunwave Communications Co Ltd (002115) | $395.22 Million | 14.30% | 0.95x | $1.17 Billion |
About Gospell Digital Technology Co Ltd
Gospell Digital Technology Co., Ltd. engages in research and development, production, sale, and service of digital TV software and hardware products, and microwave materials in China and internationally. The company offers front-end equipment, including encoders and transcoders, receivers and decoders, QAM and IPQAM products, multiplexers and scramblers, and other products; wireless transmission … Read more