SMS Electric Co Ltd Zhengzhou (002857) - Net Assets
Based on the latest financial reports, SMS Electric Co Ltd Zhengzhou (002857) has net assets worth CN¥468.25 Million CNY (≈ $68.52 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¥891.36 Million ≈ $130.43 Million USD) and total liabilities (CN¥423.10 Million ≈ $61.91 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 SMS Electric Co Ltd Zhengzhou (002857) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥468.25 Million |
| % of Total Assets | 52.53% |
| Annual Growth Rate | 12.52% |
| 5-Year Change | -4.02% |
| 10-Year Change | 114.41% |
| Growth Volatility | 21.67 |
SMS Electric Co Ltd Zhengzhou - Net Assets Trend (2011–2025)
This chart illustrates how SMS Electric Co Ltd Zhengzhou's net assets have evolved over time, based on quarterly financial data. See SMS Electric Co Ltd Zhengzhou defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SMS Electric Co Ltd Zhengzhou (2011–2025)
The table below shows the annual net assets of SMS Electric Co Ltd Zhengzhou from 2011 to 2025. For live valuation and market cap data, see how much is SMS Electric Co Ltd Zhengzhou worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥493.70 Million ≈ $72.24 Million |
-9.45% |
| 2024-12-31 | CN¥545.23 Million ≈ $79.78 Million |
+2.94% |
| 2023-12-31 | CN¥529.63 Million ≈ $77.50 Million |
+0.44% |
| 2022-12-31 | CN¥527.32 Million ≈ $77.16 Million |
+2.52% |
| 2021-12-31 | CN¥514.38 Million ≈ $75.27 Million |
+3.94% |
| 2020-12-31 | CN¥494.87 Million ≈ $72.42 Million |
+2.19% |
| 2019-12-31 | CN¥484.25 Million ≈ $70.86 Million |
+5.85% |
| 2018-12-31 | CN¥457.51 Million ≈ $66.95 Million |
+7.51% |
| 2017-12-31 | CN¥425.53 Million ≈ $62.27 Million |
+84.81% |
| 2016-12-31 | CN¥230.26 Million ≈ $33.69 Million |
+15.60% |
| 2015-12-31 | CN¥199.18 Million ≈ $29.15 Million |
+23.99% |
| 2014-12-31 | CN¥160.64 Million ≈ $23.51 Million |
+22.64% |
| 2013-12-31 | CN¥130.98 Million ≈ $19.17 Million |
+14.32% |
| 2012-12-31 | CN¥114.57 Million ≈ $16.77 Million |
+20.97% |
| 2011-12-31 | CN¥94.71 Million ≈ $13.86 Million |
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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 786.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥225.18 Million | 46.17% |
| Other Components | CN¥262.57 Million | 53.83% |
| Total Equity | CN¥487.75 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 |
|---|---|
|
Unimot S.A
WAR:UNT
|
$350.61 Million |
|
Q2 METALS CORP.
F:458
|
$350.66 Million |
|
BIG TECHNOLOGIES LS-10
F:7I8
|
$350.67 Million |
|
Global Standard Technology Limited
KQ:083450
|
$350.86 Million |
|
Compass Therapeutics Inc.
NASDAQ:CMPX
|
$350.39 Million |
|
HD Renewable Energy Co. Ltd.
TW:6873
|
$350.24 Million |
|
FibraHotel
MX:FIHO12
|
$350.18 Million |
|
HAXC Holdings (Beijing) Co. Ltd.
SHE:300928
|
$350.14 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 2024 to 2025, total equity changed from 527,279,089 to 487,751,377, a change of -39,527,712 (-7.5%).
- Net loss of 41,941,387 reduced equity.
- Dividend payments of 1,920,286 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-41.94 Million | -8.6% |
| Dividends Paid | CN¥1.92 Million | -0.39% |
| Other Changes | CN¥4.33 Million | +0.89% |
| Total Change | CN¥- | -7.50% |
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: 4.91x
- 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 9.98x to 4.91x 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¥18.33 | x |
| 2012-12-31 | CN¥1.95 | CN¥18.33 | x |
| 2013-12-31 | CN¥1.37 | CN¥18.33 | x |
| 2014-12-31 | CN¥1.68 | CN¥18.33 | x |
| 2015-12-31 | CN¥2.07 | CN¥18.33 | x |
| 2016-12-31 | CN¥2.41 | CN¥18.33 | x |
| 2017-12-31 | CN¥3.58 | CN¥18.33 | x |
| 2018-12-31 | CN¥3.61 | CN¥18.33 | x |
| 2019-12-31 | CN¥3.80 | CN¥18.33 | x |
| 2020-12-31 | CN¥3.80 | CN¥18.33 | x |
| 2021-12-31 | CN¥3.96 | CN¥18.33 | x |
| 2022-12-31 | CN¥4.07 | CN¥18.33 | x |
| 2023-12-31 | CN¥4.48 | CN¥18.33 | x |
| 2024-12-31 | CN¥4.08 | CN¥18.33 | x |
| 2025-12-31 | CN¥3.73 | CN¥18.33 | 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): -8.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.57%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.95x
- Recent ROE (-8.60%) is below the historical average (9.65%), 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 |
| 2025 | -8.60% | -11.57% | 0.38x | 1.95x | CN¥-90.72 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: $1,248,491,972
- Average return on equity (ROE) among peers: -126.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SMS Electric Co Ltd Zhengzhou (002857) | CN¥468.25 Million | 17.35% | 0.90x | $350.39 Million |
| Beijing BDStar Navigation Co Ltd (002151) | $336.27 Million | 15.18% | 0.44x | $2.65 Billion |
| Oriental Times Media Corp (002175) | $88.05 Million | -1156.14% | 12.07x | $405.43 Million |
| Changchun UP Optotech Co Ltd (002338) | $151.12 Million | 23.31% | 0.57x | $1.95 Billion |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $150.48 Million | 26.97% | 0.67x | $1.31 Billion |
| Beijing UniStrong Science & Technology Co Ltd (002383) | $1.46 Billion | 2.74% | 0.28x | $798.45 Million |
| Jiangsu Changfa Refrigeration Co Ltd (002413) | $4.22 Billion | -22.16% | 0.41x | $2.00 Billion |
| Wuhan Guide Infrared Co Ltd (002414) | $2.38 Billion | 2.58% | 0.14x | $8.41 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $974.27 Million | 14.81% | 0.29x | $712.76 Million |
| Beijing SDL Technology Co Ltd (002658) | $2.15 Billion | 6.55% | 0.42x | $769.37 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $574.30 Million | -179.12% | 5.48x | $502.03 Million |
About 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