Chengdu Spaceon Electronics Co Ltd Class A (002935) - Net Assets
Based on the latest financial reports, Chengdu Spaceon Electronics Co Ltd Class A (002935) has net assets worth CN¥1.62 Billion CNY (≈ $236.40 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¥2.98 Billion ≈ $436.26 Million USD) and total liabilities (CN¥1.37 Billion ≈ $199.87 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 002935 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.62 Billion |
| % of Total Assets | 54.19% |
| Annual Growth Rate | 16.43% |
| 5-Year Change | 14.7% |
| 10-Year Change | 207.76% |
| Growth Volatility | 27.22 |
Chengdu Spaceon Electronics Co Ltd Class A - Net Assets Trend (2012–2025)
This chart illustrates how Chengdu Spaceon Electronics Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. See Chengdu Spaceon Electronics Co Ltd Class (002935) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Chengdu Spaceon Electronics Co Ltd Class A (2012–2025)
The table below shows the annual net assets of Chengdu Spaceon Electronics Co Ltd Class A from 2012 to 2025. For live valuation and market cap data, see Chengdu Spaceon Electronics Co Ltd Class market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.62 Billion ≈ $237.14 Million |
+2.20% |
| 2024-12-31 | CN¥1.59 Billion ≈ $232.03 Million |
+2.10% |
| 2023-12-31 | CN¥1.55 Billion ≈ $227.25 Million |
+3.43% |
| 2022-12-31 | CN¥1.50 Billion ≈ $219.71 Million |
+6.27% |
| 2021-12-31 | CN¥1.41 Billion ≈ $206.75 Million |
+4.93% |
| 2020-12-31 | CN¥1.35 Billion ≈ $197.03 Million |
+6.36% |
| 2019-12-31 | CN¥1.27 Billion ≈ $185.24 Million |
+7.02% |
| 2018-12-31 | CN¥1.18 Billion ≈ $173.10 Million |
+94.84% |
| 2017-12-31 | CN¥607.10 Million ≈ $88.84 Million |
+15.29% |
| 2016-12-31 | CN¥526.58 Million ≈ $77.06 Million |
+14.78% |
| 2015-12-31 | CN¥458.79 Million ≈ $67.14 Million |
+23.40% |
| 2014-12-31 | CN¥371.79 Million ≈ $54.40 Million |
+0.99% |
| 2013-12-31 | CN¥368.13 Million ≈ $53.87 Million |
+64.07% |
| 2012-12-31 | CN¥224.37 Million ≈ $32.83 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Chengdu Spaceon Electronics 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 539.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥838.46 Million | 51.74% |
| Other Components | CN¥782.14 Million | 48.26% |
| Total Equity | CN¥1.62 Billion | 100.00% |
Chengdu Spaceon Electronics Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Chengdu Spaceon Electronics Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
M Yochananof and Sons Ltd
TA:YHNF
|
$1.31 Billion |
|
PolEnergia S.A.
WAR:PEP
|
$1.31 Billion |
|
Hefei Jianghang Aircraft Equipment Corporation Ltd
SHG:688586
|
$1.31 Billion |
|
Chengdu Galaxy Magnets
SHE:300127
|
$1.31 Billion |
|
Hunan Valin Wire & Cable Co Ltd
SHE:001208
|
$1.31 Billion |
|
Laurentian Bank Of Canada
TO:LB
|
$1.31 Billion |
|
i-80 Gold Corp.
NYSE MKT:IAUX
|
$1.31 Billion |
|
Enovis Corp
NYSE:ENOV
|
$1.31 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chengdu Spaceon Electronics Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,585,646,746 to 1,620,600,979, a change of 34,954,233 (2.2%).
- Net income of 64,811,822 contributed positively to equity growth.
- Dividend payments of 21,091,859 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥64.81 Million | +4.0% |
| Dividends Paid | CN¥21.09 Million | -1.3% |
| Other Changes | CN¥-8.77 Million | -0.54% |
| Total Change | CN¥- | 2.20% |
Book Value vs Market Value Analysis
This analysis compares Chengdu Spaceon Electronics 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: 5.52x
- 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 21.68x to 5.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.97 | CN¥21.09 | x |
| 2013-12-31 | CN¥1.60 | CN¥21.09 | x |
| 2014-12-31 | CN¥1.18 | CN¥21.09 | x |
| 2015-12-31 | CN¥1.45 | CN¥21.09 | x |
| 2016-12-31 | CN¥1.66 | CN¥21.09 | x |
| 2017-12-31 | CN¥1.92 | CN¥21.09 | x |
| 2018-12-31 | CN¥3.37 | CN¥21.09 | x |
| 2019-12-31 | CN¥3.00 | CN¥21.09 | x |
| 2020-12-31 | CN¥3.19 | CN¥21.09 | x |
| 2021-12-31 | CN¥3.35 | CN¥21.09 | x |
| 2022-12-31 | CN¥3.55 | CN¥21.09 | x |
| 2023-12-31 | CN¥3.65 | CN¥21.09 | x |
| 2024-12-31 | CN¥3.73 | CN¥21.09 | x |
| 2025-12-31 | CN¥3.82 | CN¥21.09 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chengdu Spaceon Electronics 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): 4.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.61%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.88x
- Recent ROE (4.00%) is below the historical average (11.72%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 24.54% | 13.97% | 0.94x | 1.88x | CN¥32.62 Million |
| 2013 | 17.32% | 12.61% | 0.82x | 1.68x | CN¥26.95 Million |
| 2014 | 18.67% | 11.21% | 0.83x | 2.00x | CN¥32.22 Million |
| 2015 | 18.30% | 11.94% | 0.85x | 1.79x | CN¥38.07 Million |
| 2016 | 15.91% | 11.01% | 0.82x | 1.76x | CN¥31.13 Million |
| 2017 | 15.24% | 11.28% | 0.88x | 1.53x | CN¥31.81 Million |
| 2018 | 8.21% | 11.24% | 0.59x | 1.25x | CN¥-21.21 Million |
| 2019 | 8.80% | 12.86% | 0.53x | 1.30x | CN¥-15.14 Million |
| 2020 | 7.53% | 11.07% | 0.50x | 1.36x | CN¥-33.20 Million |
| 2021 | 8.38% | 11.35% | 0.52x | 1.42x | CN¥-22.89 Million |
| 2022 | 7.49% | 9.29% | 0.47x | 1.71x | CN¥-37.65 Million |
| 2023 | 5.61% | 7.86% | 0.43x | 1.65x | CN¥-68.11 Million |
| 2024 | 4.05% | 6.66% | 0.34x | 1.81x | CN¥-94.37 Million |
| 2025 | 4.00% | 6.61% | 0.32x | 1.88x | CN¥-97.25 Million |
Industry Comparison
This section compares Chengdu Spaceon Electronics Co Ltd Class A's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $486,221,965
- Average return on equity (ROE) among peers: 8.78%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Spaceon Electronics Co Ltd Class A (002935) | CN¥1.62 Billion | 24.54% | 0.85x | $1.31 Billion |
| ZTE Corp (000063) | $1.92 Billion | 18.49% | 2.28x | $21.02 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $776.81 Million | 0.63% | 0.61x | $2.94 Billion |
| Addsino Co Ltd (000547) | $36.15 Million | 12.04% | 1.59x | $4.41 Billion |
| Sichuan Huiyuan Optical Com (000586) | $262.65 Million | 0.31% | 1.13x | $381.29 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $81.97 Million | 21.36% | 2.89x | $361.42 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $97.19 Million | -27.48% | 1.07x | $1.63 Billion |
| Skyworth Digital Co Ltd (000810) | $161.32 Million | 2.09% | 1.57x | $2.06 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $336.07 Million | -18.04% | 0.44x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $234.32 Million | 76.91% | 1.38x | $866.53 Million |
| Sunwave Communications Co Ltd (002115) | $960.07 Million | 1.45% | 1.12x | $1.22 Billion |
About Chengdu Spaceon Electronics Co Ltd Class A
Chengdu Spaceon Electronics Co., Ltd. engages in the research and development, design, production, and sale of time-frequency and satellite application products in China and internationally. The company offers atomic clock products, including rubidium oscillator, oscillator, atomic clock, optical pump cesium frequency standard, and space-borne frequency standard; precision crystal oscillators com… Read more