Shenzhen MeiG Smart Technology Co Ltd
MeiG Smart Technology Co., Ltd. engages in the research and development, production, and sale of wireless communication modules and Internet of Things solutions in China and internationally. Its products include 5G smart, 5G and 4G LTE, AI computing, automotive, smart, LPWA, and GNSS modules; and wireless data solutions for use in smart positioning and tracking, payment methods for retailers, bli… Read more
Shenzhen MeiG Smart Technology Co Ltd (002881) - Net Assets
Latest net assets as of September 2025: CN¥1.68 Billion CNY
Based on the latest financial reports, Shenzhen MeiG Smart Technology Co Ltd (002881) has net assets worth CN¥1.68 Billion 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¥2.85 Billion) and total liabilities (CN¥1.17 Billion). 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¥1.68 Billion |
| % of Total Assets | 58.98% |
| Annual Growth Rate | 28.23% |
| 5-Year Change | 169.37% |
| 10-Year Change | 763.76% |
| Growth Volatility | 34.05 |
Shenzhen MeiG Smart Technology Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Shenzhen MeiG Smart Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shenzhen MeiG Smart Technology Co Ltd (2013–2024)
The table below shows the annual net assets of Shenzhen MeiG Smart Technology Co Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.57 Billion | +5.90% |
| 2023-12-31 | CN¥1.48 Billion | +80.41% |
| 2022-12-31 | CN¥820.25 Million | +18.65% |
| 2021-12-31 | CN¥691.31 Million | +18.83% |
| 2020-12-31 | CN¥581.76 Million | +5.95% |
| 2019-12-31 | CN¥549.08 Million | +3.73% |
| 2018-12-31 | CN¥529.32 Million | +7.33% |
| 2017-12-31 | CN¥493.18 Million | +116.17% |
| 2016-12-31 | CN¥228.15 Million | +25.75% |
| 2015-12-31 | CN¥181.43 Million | +24.85% |
| 2014-12-31 | CN¥145.32 Million | +42.90% |
| 2013-12-31 | CN¥101.70 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen MeiG Smart 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 grown by 1862.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥559.23 Million | 35.69% |
| Common Stock | CN¥261.80 Million | 16.71% |
| Other Components | CN¥746.08 Million | 47.61% |
| Total Equity | CN¥1.57 Billion | 100.00% |
Shenzhen MeiG Smart Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen MeiG Smart Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Giant Manufacturing Co Ltd
TW:9921
|
$638.99 Million |
|
Gansu Qilianshan Cement Group Co Ltd
SHG:600720
|
$639.05 Million |
|
ARIZONA SONORAN COPPER
F:H6F
|
$639.34 Million |
|
Wuhan Zhongyuan Huadian Sci Tech
SHE:300018
|
$639.48 Million |
|
Colt CZ Group SE
PR:CZG
|
$638.74 Million |
|
Discovery Metals Corp
OTCQX:DSVSF
|
$638.46 Million |
|
Invengo Information Technology Co Ltd
SHE:002161
|
$638.43 Million |
|
IDBI Bank Limited
NSE:IDBI
|
$637.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen MeiG Smart Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,480,857,725 to 1,567,113,142, a change of 86,255,417 (5.8%).
- Net income of 135,571,546 contributed positively to equity growth.
- Dividend payments of 26,491,704 reduced retained earnings.
- Share repurchases of 37,286,906 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥135.57 Million | +8.65% |
| Dividends Paid | CN¥26.49 Million | -1.69% |
| Share Repurchases | CN¥37.29 Million | -2.38% |
| Other Changes | CN¥14.46 Million | +0.92% |
| Total Change | CN¥- | 5.82% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen MeiG Smart 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: 7.23x
- 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 68.31x to 7.23x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.64 | CN¥43.40 | x |
| 2014-12-31 | CN¥0.91 | CN¥43.40 | x |
| 2015-12-31 | CN¥1.03 | CN¥43.40 | x |
| 2016-12-31 | CN¥1.28 | CN¥43.40 | x |
| 2017-12-31 | CN¥2.39 | CN¥43.40 | x |
| 2018-12-31 | CN¥2.25 | CN¥43.40 | x |
| 2019-12-31 | CN¥2.33 | CN¥43.40 | x |
| 2020-12-31 | CN¥2.47 | CN¥43.40 | x |
| 2021-12-31 | CN¥2.89 | CN¥43.40 | x |
| 2022-12-31 | CN¥3.44 | CN¥43.40 | x |
| 2023-12-31 | CN¥5.69 | CN¥43.40 | x |
| 2024-12-31 | CN¥6.00 | CN¥43.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen MeiG Smart 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): 8.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.61%
- • Asset Turnover: 1.07x
- • Equity Multiplier: 1.76x
- Recent ROE (8.65%) is below the historical average (12.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 17.59% | 7.64% | 0.69x | 3.36x | CN¥7.72 Million |
| 2014 | 16.95% | 8.12% | 0.97x | 2.15x | CN¥10.09 Million |
| 2015 | 17.55% | 8.20% | 0.90x | 2.39x | CN¥13.71 Million |
| 2016 | 20.47% | 9.74% | 1.01x | 2.07x | CN¥23.90 Million |
| 2017 | 11.41% | 8.76% | 0.79x | 1.65x | CN¥6.97 Million |
| 2018 | 8.81% | 4.71% | 1.10x | 1.70x | CN¥-6.28 Million |
| 2019 | 4.45% | 2.62% | 1.19x | 1.43x | CN¥-30.45 Million |
| 2020 | 4.72% | 2.45% | 1.15x | 1.68x | CN¥-30.74 Million |
| 2021 | 17.14% | 6.00% | 1.31x | 2.18x | CN¥49.21 Million |
| 2022 | 15.60% | 5.54% | 1.34x | 2.11x | CN¥45.89 Million |
| 2023 | 4.36% | 3.00% | 1.00x | 1.45x | CN¥-83.58 Million |
| 2024 | 8.65% | 4.61% | 1.07x | 1.76x | CN¥-21.14 Million |
Industry Comparison
This section compares Shenzhen MeiG Smart 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: $1,522,000,668
- Average return on equity (ROE) among peers: -3.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen MeiG Smart Technology Co Ltd (002881) | CN¥1.68 Billion | 17.59% | 0.70x | $638.96 Million |
| Addsino Co Ltd (000547) | $1.77 Billion | 1.02% | 0.25x | $3.67 Billion |
| Sichuan Huiyuan Optical Com (000586) | $329.93 Million | -2.83% | 0.71x | $241.69 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.59 Billion | 5.22% | 1.90x | $346.82 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $1.55 Billion | 12.92% | 0.93x | $1.06 Billion |
| Skyworth Digital Co Ltd (000810) | $140.56 Million | 7.13% | 1.37x | $683.09 Million |
| Gohigh Data Networks Technology Co Ltd (000851) | $336.07 Million | -18.04% | 0.44x | $51.64 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $231.11 Million | -66.53% | 2.00x | $840.89 Million |
| Sunwave Communications Co Ltd (002115) | $2.18 Billion | -12.45% | 0.73x | $1.17 Billion |
| Invengo Information Technology Co Ltd (002161) | $2.00 Billion | 37.19% | 0.32x | $638.43 Million |
| Bus Online Co Ltd (002188) | $2.09 Billion | 4.47% | 0.13x | $193.28 Million |