Wangsu Science Tech
Wangsu Science & Technology Co.,Ltd. provides information infrastructure platform services worldwide. The company offers edge cloud platform and cloud host; cloud container and instance, intelligence platform ECC lite, cloud phone, and application; AI gateway, model inference, and applications; Edge GPU; and large model security assessment services. It also provides web, whole site, dynamic, and … Read more
Wangsu Science Tech (300017) - Net Assets
Latest net assets as of September 2025: CN¥10.27 Billion CNY
Based on the latest financial reports, Wangsu Science Tech (300017) has net assets worth CN¥10.27 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¥12.12 Billion) and total liabilities (CN¥1.85 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¥10.27 Billion |
| % of Total Assets | 84.77% |
| Annual Growth Rate | 38.19% |
| 5-Year Change | 16.37% |
| 10-Year Change | 302.48% |
| Growth Volatility | 99.8 |
Wangsu Science Tech - Net Assets Trend (2006–2024)
This chart illustrates how Wangsu Science Tech's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Wangsu Science Tech (2006–2024)
The table below shows the annual net assets of Wangsu Science Tech from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.12 Billion | +3.36% |
| 2023-12-31 | CN¥9.79 Billion | +7.88% |
| 2022-12-31 | CN¥9.07 Billion | +2.65% |
| 2021-12-31 | CN¥8.84 Billion | +1.66% |
| 2020-12-31 | CN¥8.69 Billion | +0.73% |
| 2019-12-31 | CN¥8.63 Billion | -0.59% |
| 2018-12-31 | CN¥8.68 Billion | +8.91% |
| 2017-12-31 | CN¥7.97 Billion | +8.38% |
| 2016-12-31 | CN¥7.36 Billion | +192.63% |
| 2015-12-31 | CN¥2.51 Billion | +53.67% |
| 2014-12-31 | CN¥1.64 Billion | +43.73% |
| 2013-12-31 | CN¥1.14 Billion | +30.76% |
| 2012-12-31 | CN¥870.45 Million | +11.69% |
| 2011-12-31 | CN¥779.34 Million | +5.66% |
| 2010-12-31 | CN¥737.59 Million | +4.12% |
| 2009-12-31 | CN¥708.43 Million | +396.37% |
| 2008-12-31 | CN¥142.72 Million | +71.22% |
| 2007-12-31 | CN¥83.36 Million | +178.24% |
| 2006-12-31 | CN¥29.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wangsu Science Tech'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 30708.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.30 Billion | 43.52% |
| Common Stock | CN¥2.44 Billion | 24.71% |
| Other Comprehensive Income | CN¥790.84 Million | 8.00% |
| Other Components | CN¥2.35 Billion | 23.78% |
| Total Equity | CN¥9.89 Billion | 100.00% |
Wangsu Science Tech Competitors by Market Cap
The table below lists competitors of Wangsu Science Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Haidilao International Holding Ltd
PINK:HDALF
|
$4.01 Billion |
|
Unite Group PLC
PINK:UTGPF
|
$4.01 Billion |
|
ACI Worldwide Inc
NASDAQ:ACIW
|
$4.01 Billion |
|
Onex Corp
PINK:ONEXF
|
$4.01 Billion |
|
St Galler Kantonalbank AG
SW:SGKN
|
$4.00 Billion |
|
Shenghe Resources Holding Co Ltd
SHG:600392
|
$4.00 Billion |
|
SG Micro Corp
SHE:300661
|
$4.00 Billion |
|
IES Holdings Inc
NASDAQ:IESC
|
$4.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wangsu Science Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,626,014,551 to 9,891,340,288, a change of 265,325,737 (2.8%).
- Net income of 674,522,032 contributed positively to equity growth.
- Dividend payments of 610,095,736 reduced retained earnings.
- Share repurchases of 2,828,925 reduced equity.
- Other comprehensive income increased equity by 861,875,844.
- Other factors decreased equity by 658,147,478.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥674.52 Million | +6.82% |
| Dividends Paid | CN¥610.10 Million | -6.17% |
| Share Repurchases | CN¥2.83 Million | -0.03% |
| Other Comprehensive Income | CN¥861.88 Million | +8.71% |
| Other Changes | CN¥-658.15 Million | -6.65% |
| Total Change | CN¥- | 2.76% |
Book Value vs Market Value Analysis
This analysis compares Wangsu Science Tech'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: 4.27x
- 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 1388.70x to 4.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.01 | CN¥16.90 | x |
| 2007-12-31 | CN¥0.03 | CN¥16.90 | x |
| 2008-12-31 | CN¥0.08 | CN¥16.90 | x |
| 2009-12-31 | CN¥0.40 | CN¥16.90 | x |
| 2010-12-31 | CN¥0.37 | CN¥16.90 | x |
| 2011-12-31 | CN¥0.38 | CN¥16.90 | x |
| 2012-12-31 | CN¥0.43 | CN¥16.90 | x |
| 2013-12-31 | CN¥0.55 | CN¥16.90 | x |
| 2014-12-31 | CN¥0.78 | CN¥16.90 | x |
| 2015-12-31 | CN¥1.17 | CN¥16.90 | x |
| 2016-12-31 | CN¥3.04 | CN¥16.90 | x |
| 2017-12-31 | CN¥3.26 | CN¥16.90 | x |
| 2018-12-31 | CN¥3.56 | CN¥16.90 | x |
| 2019-12-31 | CN¥3.57 | CN¥16.90 | x |
| 2020-12-31 | CN¥3.60 | CN¥16.90 | x |
| 2021-12-31 | CN¥3.61 | CN¥16.90 | x |
| 2022-12-31 | CN¥3.70 | CN¥16.90 | x |
| 2023-12-31 | CN¥3.93 | CN¥16.90 | x |
| 2024-12-31 | CN¥3.96 | CN¥16.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wangsu Science Tech 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): 6.82%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.68%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.22x
- Recent ROE (6.82%) is below the historical average (14.81%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 54.54% | 23.53% | 1.92x | 1.21x | CN¥13.26 Million |
| 2007 | 30.75% | 21.35% | 1.24x | 1.16x | CN¥17.19 Million |
| 2008 | 25.98% | 15.51% | 1.54x | 1.09x | CN¥22.81 Million |
| 2009 | 5.48% | 13.95% | 0.38x | 1.03x | CN¥-31.99 Million |
| 2010 | 5.19% | 10.89% | 0.45x | 1.05x | CN¥-35.48 Million |
| 2011 | 7.02% | 10.42% | 0.63x | 1.08x | CN¥-23.21 Million |
| 2012 | 11.92% | 12.73% | 0.83x | 1.13x | CN¥16.70 Million |
| 2013 | 20.83% | 19.68% | 0.87x | 1.22x | CN¥123.29 Million |
| 2014 | 29.57% | 25.31% | 0.97x | 1.21x | CN¥320.10 Million |
| 2015 | 33.21% | 28.36% | 0.84x | 1.40x | CN¥581.04 Million |
| 2016 | 17.08% | 28.12% | 0.51x | 1.18x | CN¥518.40 Million |
| 2017 | 10.44% | 15.46% | 0.52x | 1.29x | CN¥35.28 Million |
| 2018 | 9.27% | 12.69% | 0.53x | 1.38x | CN¥-63.01 Million |
| 2019 | 0.40% | 0.57% | 0.58x | 1.20x | CN¥-828.64 Million |
| 2020 | 2.53% | 3.87% | 0.56x | 1.17x | CN¥-649.45 Million |
| 2021 | 1.87% | 3.61% | 0.43x | 1.20x | CN¥-718.65 Million |
| 2022 | 2.11% | 3.75% | 0.48x | 1.16x | CN¥-711.32 Million |
| 2023 | 6.37% | 13.03% | 0.43x | 1.14x | CN¥-349.51 Million |
| 2024 | 6.82% | 13.68% | 0.41x | 1.22x | CN¥-314.61 Million |
Industry Comparison
This section compares Wangsu Science Tech's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $933,143,389
- Average return on equity (ROE) among peers: -57.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wangsu Science Tech (300017) | CN¥10.27 Billion | 54.54% | 0.18x | $4.01 Billion |
| Eastcompeace Technology Co Ltd (002017) | $418.66 Million | 5.29% | 0.42x | $898.39 Million |
| Wiscom System Co Ltd (002090) | $135.58 Million | 19.66% | 1.16x | $607.71 Million |
| Topsec Technologies Group Inc (002212) | $1.70 Billion | 5.53% | 0.32x | $1.09 Billion |
| Focus Technology Co Ltd (002315) | $120.67 Million | 53.17% | 0.63x | $904.68 Million |
| Beijing Venustech Inc (002439) | $1.80 Billion | 13.57% | 0.57x | $1.27 Billion |
| Maxvision Technology Corp (002990) | $199.04 Million | 23.56% | 1.02x | $346.02 Million |
| Shenzhen Tianyuan Dic Info Tech (300047) | $3.45 Billion | 3.82% | 0.75x | $921.82 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $515.71 Million | 3.50% | 0.02x | $2.45 Billion |
| TIZA Information Industry Corporation Inc (300209) | $56.50 Million | -649.13% | 13.39x | $1.01 Billion |