Shennan Circuits Co Ltd Class A Net Assets
Shennan Circuits Co Ltd Class A net assets. Based on the latest financial reports, Shennan Circuits Co Ltd Class A (002916) has net assets worth CN¥18.06 Billion CNY (≈ $2.64 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥40.74 Billion ≈ $5.96 Billion USD) and total liabilities (CN¥22.68 Billion ≈ $3.32 Billion 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. See Shennan Circuits Co Ltd Class A (002916) balance sheet quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥18.06 Billion |
| % of Total Assets | 44.33% |
| Annual Growth Rate | 22.18% |
| 5-Year Change | 101.65% |
| 10-Year Change | 988.84% |
| Growth Volatility | 23.4 |
Net Assets of Shennan Circuits Co Ltd Class A (2007–2025)
Net assets of Shennan Circuits Co Ltd Class A from 2007 to 2025. This chart illustrates how Shennan Circuits Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore 002916 shareholders equity momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for Shennan Circuits Co Ltd Class A (2007–2025)
The table below shows the annual net assets of Shennan Circuits Co Ltd Class A from 2007 to 2025. For live market cap and overall valuation, see Shennan Circuits Co Ltd Class A market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥17.18 Billion ≈ $2.51 Billion |
+17.31% |
| 2024-12-31 | CN¥14.65 Billion ≈ $2.14 Billion |
+11.06% |
| 2023-12-31 | CN¥13.19 Billion ≈ $1.93 Billion |
+7.60% |
| 2022-12-31 | CN¥12.26 Billion ≈ $1.79 Billion |
+43.84% |
| 2021-12-31 | CN¥8.52 Billion ≈ $1.25 Billion |
+14.45% |
| 2020-12-31 | CN¥7.44 Billion ≈ $1.09 Billion |
+48.80% |
| 2019-12-31 | CN¥5.00 Billion ≈ $732.08 Million |
+34.22% |
| 2018-12-31 | CN¥3.73 Billion ≈ $545.43 Million |
+17.65% |
| 2017-12-31 | CN¥3.17 Billion ≈ $463.59 Million |
+100.78% |
| 2016-12-31 | CN¥1.58 Billion ≈ $230.89 Million |
+16.34% |
| 2015-12-31 | CN¥1.36 Billion ≈ $198.46 Million |
-13.20% |
| 2014-12-31 | CN¥1.56 Billion ≈ $228.65 Million |
+29.15% |
| 2013-12-31 | CN¥1.21 Billion ≈ $177.04 Million |
+31.01% |
| 2011-12-31 | CN¥923.44 Million ≈ $135.13 Million |
+10.91% |
| 2010-12-31 | CN¥832.63 Million ≈ $121.84 Million |
+24.20% |
| 2009-12-31 | CN¥670.40 Million ≈ $98.10 Million |
+20.86% |
| 2008-12-31 | CN¥554.70 Million ≈ $81.17 Million |
+18.81% |
| 2007-12-31 | CN¥466.90 Million ≈ $68.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shennan Circuits Co Ltd Class A'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 6607.4% over the analyzed period, indicating profitable operations and earnings retention.
Shennan Circuits Co Ltd Class A Net Assets Breakdown (December 2025)
Shennan Circuits Co Ltd Class A net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.02 Billion | 58.45% |
| Common Stock | CN¥666.74 Million | 3.89% |
| Other Components | CN¥6.46 Billion | 37.66% |
| Total Equity | CN¥17.15 Billion | 100.00% |
Shennan Circuits Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Shennan Circuits Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China National Nuclear Power
SHG:601985
|
$28.35 Billion |
|
Koninklijke Ahold Delhaize NV
AS:AD
|
$28.36 Billion |
|
Talanx AG
XETRA:TLX
|
$28.46 Billion |
|
TDK Corporation
F:TDKA
|
$28.47 Billion |
|
Hanwha Aerospace Co Ltd
KO:012450
|
$28.28 Billion |
|
Hexagon AB (publ)
ST:HEXA-B
|
$28.27 Billion |
|
Royalty Pharma Plc
NASDAQ:RPRX
|
$28.26 Billion |
|
Chunghwa Telecom Co. Ltd
F:CHWD
|
$28.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shennan Circuits Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,617,020,314 to 17,149,430,529, a change of 2,532,410,215 (17.3%).
- Net income of 3,275,738,151 contributed positively to equity growth.
- Dividend payments of 844,778,681 reduced retained earnings.
- Other comprehensive income decreased equity by 314,761,327.
- Other factors increased equity by 416,212,072.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.28 Billion | +19.1% |
| Dividends Paid | CN¥844.78 Million | -4.93% |
| Other Comprehensive Income | CN¥-314.76 Million | -1.84% |
| Other Changes | CN¥416.21 Million | +2.43% |
| Total Change | CN¥- | 17.33% |
Book Value vs Market Value Analysis
This analysis compares Shennan Circuits Co Ltd Class A'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: 11.06x
- 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 297.88x to 11.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.95 | CN¥284.30 | x |
| 2008-12-31 | CN¥1.13 | CN¥284.30 | x |
| 2009-12-31 | CN¥1.37 | CN¥284.30 | x |
| 2010-12-31 | CN¥1.70 | CN¥284.30 | x |
| 2011-12-31 | CN¥1.89 | CN¥284.30 | x |
| 2013-12-31 | CN¥3.28 | CN¥284.30 | x |
| 2014-12-31 | CN¥3.69 | CN¥284.30 | x |
| 2015-12-31 | CN¥3.84 | CN¥284.30 | x |
| 2016-12-31 | CN¥4.49 | CN¥284.30 | x |
| 2017-12-31 | CN¥8.96 | CN¥284.30 | x |
| 2018-12-31 | CN¥7.94 | CN¥284.30 | x |
| 2019-12-31 | CN¥10.55 | CN¥284.30 | x |
| 2020-12-31 | CN¥15.51 | CN¥284.30 | x |
| 2021-12-31 | CN¥17.45 | CN¥284.30 | x |
| 2022-12-31 | CN¥24.04 | CN¥284.30 | x |
| 2023-12-31 | CN¥25.74 | CN¥284.30 | x |
| 2024-12-31 | CN¥28.50 | CN¥284.30 | x |
| 2025-12-31 | CN¥25.71 | CN¥284.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shennan Circuits Co Ltd Class A 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): 19.10%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.85%
- • Asset Turnover: 0.77x
- • Equity Multiplier: 1.78x
- Recent ROE (19.10%) is above the historical average (16.72%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 26.01% | 15.21% | 0.75x | 2.28x | CN¥74.74 Million |
| 2008 | 15.83% | 9.04% | 0.74x | 2.38x | CN¥32.33 Million |
| 2009 | 17.26% | 9.62% | 0.78x | 2.30x | CN¥48.66 Million |
| 2010 | 18.21% | 9.19% | 0.76x | 2.60x | CN¥68.40 Million |
| 2011 | 15.13% | 6.41% | 0.84x | 2.82x | CN¥47.39 Million |
| 2013 | 14.54% | 6.41% | 0.80x | 2.84x | CN¥52.57 Million |
| 2014 | 14.68% | 5.24% | 0.90x | 3.12x | CN¥60.80 Million |
| 2015 | 11.93% | 4.60% | 0.74x | 3.52x | CN¥26.15 Million |
| 2016 | 17.37% | 5.96% | 0.89x | 3.26x | CN¥116.33 Million |
| 2017 | 14.14% | 7.88% | 0.76x | 2.35x | CN¥131.30 Million |
| 2018 | 18.71% | 9.17% | 0.89x | 2.29x | CN¥324.66 Million |
| 2019 | 24.65% | 11.71% | 0.86x | 2.44x | CN¥732.70 Million |
| 2020 | 19.22% | 12.33% | 0.82x | 1.89x | CN¥686.00 Million |
| 2021 | 17.38% | 10.62% | 0.83x | 1.97x | CN¥628.94 Million |
| 2022 | 13.40% | 11.73% | 0.67x | 1.69x | CN¥416.07 Million |
| 2023 | 10.60% | 10.34% | 0.60x | 1.71x | CN¥79.74 Million |
| 2024 | 12.85% | 10.48% | 0.71x | 1.73x | CN¥415.86 Million |
| 2025 | 19.10% | 13.85% | 0.77x | 1.78x | CN¥1.56 Billion |
Industry Comparison
This section compares Shennan Circuits Co Ltd Class A's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,388,478,708
- Average return on equity (ROE) among peers: 4.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shennan Circuits Co Ltd Class A (002916) | CN¥18.06 Billion | 26.01% | 1.26x | $28.34 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $296.12 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $186.83 Million | 1.56% | 1.68x | $1.14 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $233.01 Million | 1.36% | 0.83x | $449.29 Million |
| CPT Technology Group Co Ltd (000536) | $3.02 Billion | 5.03% | 1.97x | $1.25 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $2.41 Billion | 9.18% | 0.37x | $6.70 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $521.16 Million |
| BOE Technology Group Co Ltd (000725) | $2.64 Billion | 3.14% | 1.57x | $25.85 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $2.20 Billion | 1.40% | 0.44x | $3.02 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.84 Billion | 6.54% | 0.15x | $1.91 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $7.28 Billion | 10.31% | 0.53x | $3.40 Billion |
About Shennan Circuits Co Ltd Class A
Shennan Circuits Co., Ltd. engages in the design, manufacture, and sale of printed circuit boards, packaging substrates, and electronic assemblies in China and internationally. It operates through Packaging Substrates, Packaging Substrates, and Distribution Substrates segments. The company provides RF and microwave, thermal management, miniaturization, and chip package substrate solutions. It als… Read more