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¥115.44 Million CNY (≈ $16.89 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¥437.08 Million ≈ $63.96 Million USD) and total liabilities (CN¥321.64 Million ≈ $47.07 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 Gospell Digital Technology Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥115.44 Million |
| % of Total Assets | 26.41% |
| Annual Growth Rate | -6.31% |
| 5-Year Change | -57.62% |
| 10-Year Change | -72.98% |
| Growth Volatility | 21.58 |
Gospell Digital Technology Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Gospell Digital Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Gospell Digital Technology Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Gospell Digital Technology Co Ltd (2011–2024)
The table below shows the annual net assets of Gospell Digital Technology Co Ltd from 2011 to 2024. For live valuation and market cap data, see 002848 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 589.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥167.15 Million | 111.79% |
| Other Components | CN¥413.52 Million | 276.57% |
| Total Equity | CN¥149.52 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 |
|---|---|
|
DAKOTA GOLD CORP. DL-001
F:RR6
|
$376.03 Million |
|
Fujian Jinsen Forestry Co Ltd
SHE:002679
|
$376.03 Million |
|
Zhejiang East Crystal Electronic Co Ltd
SHE:002199
|
$376.18 Million |
|
Fanli Digital Technology Co Ltd
SHG:600228
|
$376.20 Million |
|
Tsogo Sun
JSE:TSG
|
$375.77 Million |
|
Candel Therapeutics Inc
NASDAQ:CADL
|
$375.76 Million |
|
Vigil Neuroscience Inc
NASDAQ:VIGL
|
$375.71 Million |
|
E. W. Scripps Co Class A
NASDAQ:SSP
|
$375.69 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 2023 to 2024, total equity changed from 138,858,944 to 149,519,000, a change of 10,660,056 (7.7%).
- Net loss of 130,898,811 reduced equity.
- Dividend payments of 1,973,000 reduced retained earnings.
- Other factors increased equity by 143,531,867.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-130.90 Million | -87.55% |
| Dividends Paid | CN¥1.97 Million | -1.32% |
| Other Changes | CN¥143.53 Million | +96.0% |
| Total Change | CN¥- | 7.68% |
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: 17.18x
- 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 5.57x to 17.18x 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¥15.37 | x |
| 2012-12-31 | CN¥3.31 | CN¥15.37 | x |
| 2013-12-31 | CN¥3.77 | CN¥15.37 | x |
| 2014-12-31 | CN¥4.02 | CN¥15.37 | x |
| 2015-12-31 | CN¥4.42 | CN¥15.37 | x |
| 2016-12-31 | CN¥5.18 | CN¥15.37 | x |
| 2017-12-31 | CN¥4.04 | CN¥15.37 | x |
| 2018-12-31 | CN¥3.61 | CN¥15.37 | x |
| 2019-12-31 | CN¥4.05 | CN¥15.37 | x |
| 2020-12-31 | CN¥2.11 | CN¥15.37 | x |
| 2021-12-31 | CN¥1.36 | CN¥15.37 | x |
| 2022-12-31 | CN¥1.20 | CN¥15.37 | x |
| 2023-12-31 | CN¥0.83 | CN¥15.37 | x |
| 2024-12-31 | CN¥0.89 | CN¥15.37 | 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): -87.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -97.15%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 2.79x
- Recent ROE (-87.55%) is below the historical average (-17.45%), 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 |
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: $1,761,038,780
- Average return on equity (ROE) among peers: 15.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gospell Digital Technology Co Ltd (002848) | CN¥115.44 Million | 19.92% | 2.79x | $375.94 Million |
| ZTE Corp (000063) | $78.39 Million | 93.31% | 2.02x | $21.63 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $2.52 Billion | -24.54% | 2.30x | $2.38 Billion |
| Addsino Co Ltd (000547) | $1.78 Billion | 7.79% | 0.60x | $5.75 Billion |
| Sichuan Huiyuan Optical Com (000586) | $310.66 Million | 7.41% | 1.42x | $501.31 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $1.97 Billion | 13.82% | 1.48x | $417.18 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $817.32 Million | 5.76% | 1.86x | $1.90 Billion |
| Skyworth Digital Co Ltd (000810) | $3.91 Billion | 16.02% | 1.70x | $2.14 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $3.46 Billion | 5.18% | 1.36x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $200.23 Million | 30.55% | 2.02x | $1.11 Billion |
| Sunwave Communications Co Ltd (002115) | $2.57 Billion | 0.68% | 0.81x | $1.71 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