SMS Electric Co Ltd Zhengzhou
SMS Electric Co.,Ltd.Zhengzhou engages in the research, design, production and sales of electrical energy metering instruments. It offers electric energy meter standard testing equipment, electric energy meter automated assembly line calibration system, electric energy meter intelligent storage system, electricity consumption information collection system, mutual inductor, energy storage, and oth… Read more
SMS Electric Co Ltd Zhengzhou (002857) - Net Assets
Latest net assets as of September 2025: CN¥533.01 Million CNY
Based on the latest financial reports, SMS Electric Co Ltd Zhengzhou (002857) has net assets worth CN¥533.01 Million CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.03 Billion) and total liabilities (CN¥496.51 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥533.01 Million |
| % of Total Assets | 51.77% |
| Annual Growth Rate | 14.41% |
| 5-Year Change | 10.18% |
| 10-Year Change | 173.73% |
| Growth Volatility | 21.44 |
SMS Electric Co Ltd Zhengzhou - Net Assets Trend (2011–2024)
This chart illustrates how SMS Electric Co Ltd Zhengzhou's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for SMS Electric Co Ltd Zhengzhou (2011–2024)
The table below shows the annual net assets of SMS Electric Co Ltd Zhengzhou from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥545.23 Million | +2.94% |
| 2023-12-31 | CN¥529.63 Million | +0.44% |
| 2022-12-31 | CN¥527.32 Million | +2.52% |
| 2021-12-31 | CN¥514.38 Million | +3.94% |
| 2020-12-31 | CN¥494.87 Million | +2.19% |
| 2019-12-31 | CN¥484.25 Million | +5.85% |
| 2018-12-31 | CN¥457.51 Million | +7.51% |
| 2017-12-31 | CN¥425.53 Million | +84.81% |
| 2016-12-31 | CN¥230.26 Million | +15.60% |
| 2015-12-31 | CN¥199.18 Million | +23.99% |
| 2014-12-31 | CN¥160.64 Million | +22.64% |
| 2013-12-31 | CN¥130.98 Million | +14.32% |
| 2012-12-31 | CN¥114.57 Million | +20.97% |
| 2011-12-31 | CN¥94.71 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to SMS Electric Co Ltd Zhengzhou'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 958.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥269.04 Million | 51.02% |
| Common Stock | CN¥129.17 Million | 24.50% |
| Other Components | CN¥129.07 Million | 24.48% |
| Total Equity | CN¥527.28 Million | 100.00% |
SMS Electric Co Ltd Zhengzhou Competitors by Market Cap
The table below lists competitors of SMS Electric Co Ltd Zhengzhou ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qiaoyin Environmental Tech Co Ltd
SHE:002973
|
$279.42 Million |
|
AhnLab Inc
KQ:053800
|
$279.44 Million |
|
Wayside Technology Group Inc
F:PYA
|
$279.47 Million |
|
Neuca S.A.
WAR:NEU
|
$279.51 Million |
|
SUNBELT RENTALS HOLDINGS CDI
LSE:SUNB
|
$279.36 Million |
|
Optotech Corp
TW:2340
|
$279.36 Million |
|
Uni-Trend Technology China Co. Ltd. A
SHG:688628
|
$279.34 Million |
|
Zhejiang Zhaofeng Mechanical and Electronic Co Ltd
SHE:300695
|
$279.34 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SMS Electric Co Ltd Zhengzhou's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 530,165,412 to 527,279,089, a change of -2,886,323 (-0.5%).
- Net income of 18,099,742 contributed positively to equity growth.
- Dividend payments of 4,661,128 reduced retained earnings.
- Share repurchases of 17,930,736 reduced equity.
- Other comprehensive income decreased equity by 29,270,860.
- Other factors increased equity by 30,876,659.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥18.10 Million | +3.43% |
| Dividends Paid | CN¥4.66 Million | -0.88% |
| Share Repurchases | CN¥17.93 Million | -3.4% |
| Other Comprehensive Income | CN¥-29.27 Million | -5.55% |
| Other Changes | CN¥30.88 Million | +5.86% |
| Total Change | CN¥- | -0.54% |
Book Value vs Market Value Analysis
This analysis compares SMS Electric Co Ltd Zhengzhou'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: 6.35x
- 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 14.10x to 6.35x 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¥1.84 | CN¥25.90 | x |
| 2012-12-31 | CN¥1.95 | CN¥25.90 | x |
| 2013-12-31 | CN¥2.23 | CN¥25.90 | x |
| 2014-12-31 | CN¥1.68 | CN¥25.90 | x |
| 2015-12-31 | CN¥2.07 | CN¥25.90 | x |
| 2016-12-31 | CN¥2.41 | CN¥25.90 | x |
| 2017-12-31 | CN¥3.58 | CN¥25.90 | x |
| 2018-12-31 | CN¥3.61 | CN¥25.90 | x |
| 2019-12-31 | CN¥3.78 | CN¥25.90 | x |
| 2020-12-31 | CN¥3.87 | CN¥25.90 | x |
| 2021-12-31 | CN¥4.02 | CN¥25.90 | x |
| 2022-12-31 | CN¥4.12 | CN¥25.90 | x |
| 2023-12-31 | CN¥4.48 | CN¥25.90 | x |
| 2024-12-31 | CN¥4.08 | CN¥25.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SMS Electric Co Ltd Zhengzhou 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): 3.43%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.66%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 2.21x
- Recent ROE (3.43%) is below the historical average (10.96%), 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 | 17.35% | 14.22% | 0.68x | 1.79x | CN¥6.96 Million |
| 2012 | 17.34% | 14.09% | 0.62x | 1.98x | CN¥8.41 Million |
| 2013 | 20.96% | 17.16% | 0.61x | 2.01x | CN¥14.35 Million |
| 2014 | 23.04% | 17.54% | 0.79x | 1.66x | CN¥20.96 Million |
| 2015 | 19.35% | 18.37% | 0.74x | 1.43x | CN¥18.62 Million |
| 2016 | 17.41% | 19.96% | 0.62x | 1.40x | CN¥17.05 Million |
| 2017 | 7.81% | 16.28% | 0.37x | 1.29x | CN¥-9.30 Million |
| 2018 | 8.04% | 15.89% | 0.37x | 1.36x | CN¥-8.98 Million |
| 2019 | 6.58% | 11.96% | 0.44x | 1.26x | CN¥-16.56 Million |
| 2020 | 4.73% | 11.06% | 0.33x | 1.29x | CN¥-26.06 Million |
| 2021 | 3.79% | 8.89% | 0.35x | 1.23x | CN¥-31.93 Million |
| 2022 | 2.45% | 6.63% | 0.30x | 1.24x | CN¥-39.79 Million |
| 2023 | 1.11% | 1.81% | 0.42x | 1.46x | CN¥-47.11 Million |
| 2024 | 3.43% | 2.66% | 0.58x | 2.21x | CN¥-34.63 Million |
Industry Comparison
This section compares SMS Electric Co Ltd Zhengzhou's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $1,926,126,271
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SMS Electric Co Ltd Zhengzhou (002857) | CN¥533.01 Million | 17.35% | 0.93x | $279.37 Million |
| Beijing BDStar Navigation Co Ltd (002151) | $4.48 Billion | 1.15% | 0.26x | $2.26 Billion |
| Oriental Times Media Corp (002175) | $578.16 Million | 7.60% | 0.24x | $500.93 Million |
| Changchun UP Optotech Co Ltd (002338) | $636.42 Million | 8.42% | 0.22x | $867.41 Million |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $200.70 Million | 25.18% | 0.59x | $563.18 Million |
| Jiangsu Changfa Refrigeration Co Ltd (002413) | $156.57 Million | 19.34% | 3.25x | $2.17 Billion |
| Wuhan Guide Infrared Co Ltd (002414) | $7.12 Billion | 7.05% | 0.25x | $2.87 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $2.27 Billion | 9.21% | 0.16x | $381.03 Million |
| Beijing SDL Technology Co Ltd (002658) | $2.23 Billion | 6.74% | 0.45x | $332.56 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $806.87 Million | 7.44% | 0.44x | $390.32 Million |
| Hangzhou Innover Technology Co Ltd (002767) | $774.88 Million | 3.00% | 0.32x | $181.69 Million |