Guangdong Tecsun Science & Technology Co Ltd (002908) - Net Assets
Based on the latest financial reports, Guangdong Tecsun Science & Technology Co Ltd (002908) has net assets worth CN¥1.13 Billion CNY (≈ $165.22 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¥1.46 Billion ≈ $213.05 Million USD) and total liabilities (CN¥326.84 Million ≈ $47.83 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. Also explore 002908 total asset value for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.13 Billion |
| % of Total Assets | 77.55% |
| Annual Growth Rate | 21.43% |
| 5-Year Change | 46.1% |
| 10-Year Change | 256.82% |
| Growth Volatility | 27.1 |
Guangdong Tecsun Science & Technology Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Guangdong Tecsun Science & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Guangdong Tecsun Science & Technology Co to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Guangdong Tecsun Science & Technology Co Ltd (2013–2024)
The table below shows the annual net assets of Guangdong Tecsun Science & Technology Co Ltd from 2013 to 2024. For live valuation and market cap data, see market value of Guangdong Tecsun Science & Technology Co.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.14 Billion ≈ $167.02 Million |
-5.61% |
| 2023-12-31 | CN¥1.21 Billion ≈ $176.94 Million |
+5.12% |
| 2022-12-31 | CN¥1.15 Billion ≈ $168.32 Million |
+32.28% |
| 2021-12-31 | CN¥869.55 Million ≈ $127.24 Million |
+11.31% |
| 2020-12-31 | CN¥781.21 Million ≈ $114.32 Million |
+6.39% |
| 2019-12-31 | CN¥734.29 Million ≈ $107.45 Million |
+9.50% |
| 2018-12-31 | CN¥670.61 Million ≈ $98.13 Million |
+7.48% |
| 2017-12-31 | CN¥623.96 Million ≈ $91.31 Million |
+76.96% |
| 2016-12-31 | CN¥352.59 Million ≈ $51.60 Million |
+10.23% |
| 2015-12-31 | CN¥319.87 Million ≈ $46.81 Million |
+34.71% |
| 2014-12-31 | CN¥237.45 Million ≈ $34.75 Million |
+76.11% |
| 2013-12-31 | CN¥134.83 Million ≈ $19.73 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Tecsun Science & 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 6502.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥403.46 Million | 36.01% |
| Common Stock | CN¥431.43 Million | 38.51% |
| Other Comprehensive Income | CN¥-1000.00K | -0.09% |
| Other Components | CN¥286.39 Million | 25.56% |
| Total Equity | CN¥1.12 Billion | 100.00% |
Guangdong Tecsun Science & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Tecsun Science & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Risun Intelligent Technology Co. Ltd. A
SHG:688215
|
$430.22 Million |
|
Voneseals Technology (Shanghai) Inc. A
SHE:301161
|
$430.39 Million |
|
SNT Motiv Co Ltd
KO:064960
|
$430.45 Million |
|
Lion Travel Service Co Ltd
TW:2731
|
$430.53 Million |
|
Beijing Hanyi Innovation Technology Co. Ltd. A
SHE:301270
|
$429.92 Million |
|
Guanhao Biotech Co Ltd
SHE:300238
|
$429.91 Million |
|
BOE Tech Group
SHE:200725
|
$429.86 Million |
|
Napatech A/S
OL:NAPA
|
$429.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Tecsun Science & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,175,613,881 to 1,120,281,117, a change of -55,332,764 (-4.7%).
- Net income of 20,377,664 contributed positively to equity growth.
- Dividend payments of 21,432,815 reduced retained earnings.
- Share repurchases of 29,301,514 reduced equity.
- Other comprehensive income decreased equity by 2,255.
- Other factors decreased equity by 24,973,844.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥20.38 Million | +1.82% |
| Dividends Paid | CN¥21.43 Million | -1.91% |
| Share Repurchases | CN¥29.30 Million | -2.62% |
| Other Comprehensive Income | CN¥-2.25K | -0.0% |
| Other Changes | CN¥-24.97 Million | -2.23% |
| Total Change | CN¥- | -4.71% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Tecsun Science & 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: 2.60x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.94x to 2.60x 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¥0.46 | CN¥6.81 | x |
| 2014-12-31 | CN¥0.79 | CN¥6.81 | x |
| 2015-12-31 | CN¥1.09 | CN¥6.81 | x |
| 2016-12-31 | CN¥1.20 | CN¥6.81 | x |
| 2017-12-31 | CN¥2.01 | CN¥6.81 | x |
| 2018-12-31 | CN¥1.71 | CN¥6.81 | x |
| 2019-12-31 | CN¥1.87 | CN¥6.81 | x |
| 2020-12-31 | CN¥1.99 | CN¥6.81 | x |
| 2021-12-31 | CN¥2.18 | CN¥6.81 | x |
| 2022-12-31 | CN¥2.68 | CN¥6.81 | x |
| 2023-12-31 | CN¥2.73 | CN¥6.81 | x |
| 2024-12-31 | CN¥2.62 | CN¥6.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Tecsun Science & 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): 1.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.10%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.38x
- Recent ROE (1.82%) is below the historical average (15.04%), 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 | 34.32% | 13.82% | 0.91x | 2.72x | CN¥32.03 Million |
| 2014 | 33.85% | 16.28% | 0.96x | 2.17x | CN¥55.39 Million |
| 2015 | 28.51% | 20.95% | 0.81x | 1.67x | CN¥59.19 Million |
| 2016 | 13.83% | 14.21% | 0.67x | 1.45x | CN¥13.48 Million |
| 2017 | 9.22% | 13.48% | 0.55x | 1.25x | CN¥-4.87 Million |
| 2018 | 10.76% | 15.69% | 0.54x | 1.26x | CN¥5.12 Million |
| 2019 | 11.94% | 17.96% | 0.53x | 1.25x | CN¥14.25 Million |
| 2020 | 9.24% | 12.83% | 0.55x | 1.32x | CN¥-5.92 Million |
| 2021 | 10.69% | 12.33% | 0.55x | 1.57x | CN¥5.94 Million |
| 2022 | 10.09% | 12.57% | 0.61x | 1.32x | CN¥979.53K |
| 2023 | 6.22% | 8.68% | 0.53x | 1.36x | CN¥-44.44 Million |
| 2024 | 1.82% | 3.10% | 0.43x | 1.38x | CN¥-91.65 Million |
Industry Comparison
This section compares Guangdong Tecsun Science & Technology Co Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $2,973,660,853
- Average return on equity (ROE) among peers: 9.03%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Tecsun Science & Technology Co Ltd (002908) | CN¥1.13 Billion | 34.32% | 0.29x | $429.93 Million |
| Digital China Information Service Co Ltd (000555) | $102.69 Million | 0.48% | 0.12x | $1.58 Billion |
| Fujian Newland Computer Co Ltd (000997) | $807.25 Million | 4.29% | 0.47x | $2.83 Billion |
| YGSOFT Inc (002063) | $83.24 Million | 23.47% | 0.26x | $1.59 Billion |
| Dhc Software Co Ltd (002065) | $1.08 Billion | 16.40% | 0.72x | $3.49 Billion |
| Zhejiang Netsun Co Ltd (002095) | $1.10 Billion | -1.19% | 0.41x | $533.63 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $51.79 Million | 15.64% | 0.90x | $992.37 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $745.21 Million | 17.67% | 0.17x | $3.39 Billion |
| Shanghai 2345 Network Holding Group (002195) | $6.65 Billion | 9.55% | 0.11x | $5.70 Billion |
| Iflytek Co Ltd (002230) | $17.73 Billion | 3.71% | 1.13x | $15.05 Billion |
| Qiming Information Technology Co Ltd (002232) | $1.39 Billion | 0.29% | 0.43x | $870.45 Million |
About Guangdong Tecsun Science & Technology Co Ltd
Guangdong Tecsun Science & Technology Co.,Ltd. provides information system construction and related operation services. The company provides human resources, resident service card, social security card issuance and application, digital public employment, intelligent knowledge operation, and social security finance services, as well as AI convenience service station. It also offers livelihood data… Read more