Wangsu Science Tech (300017) - Net Assets
Based on the latest financial reports, Wangsu Science Tech (300017) has net assets worth CN¥10.55 Billion CNY (≈ $1.54 Billion 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¥11.99 Billion ≈ $1.75 Billion USD) and total liabilities (CN¥1.43 Billion ≈ $209.51 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 Wangsu Science Tech strategic asset allocation index to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.55 Billion |
| % of Total Assets | 88.05% |
| Annual Growth Rate | 36.04% |
| 5-Year Change | 17.42% |
| 10-Year Change | 41.09% |
| Growth Volatility | 97.89 |
Wangsu Science Tech - Net Assets Trend (2006–2025)
This chart illustrates how Wangsu Science Tech's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Wangsu Science Tech stock valuation.
Annual Net Assets for Wangsu Science Tech (2006–2025)
The table below shows the annual net assets of Wangsu Science Tech from 2006 to 2025. Also explore Wangsu Science Tech equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥10.38 Billion ≈ $1.52 Billion |
+2.58% |
| 2024-12-31 | CN¥10.12 Billion ≈ $1.48 Billion |
+3.36% |
| 2023-12-31 | CN¥9.79 Billion ≈ $1.43 Billion |
+7.88% |
| 2022-12-31 | CN¥9.07 Billion ≈ $1.33 Billion |
+2.65% |
| 2021-12-31 | CN¥8.84 Billion ≈ $1.29 Billion |
+1.48% |
| 2020-12-31 | CN¥8.71 Billion ≈ $1.27 Billion |
+0.90% |
| 2019-12-31 | CN¥8.63 Billion ≈ $1.26 Billion |
-0.59% |
| 2018-12-31 | CN¥8.68 Billion ≈ $1.27 Billion |
+8.91% |
| 2017-12-31 | CN¥7.97 Billion ≈ $1.17 Billion |
+8.38% |
| 2016-12-31 | CN¥7.36 Billion ≈ $1.08 Billion |
+192.63% |
| 2015-12-31 | CN¥2.51 Billion ≈ $367.87 Million |
+53.67% |
| 2014-12-31 | CN¥1.64 Billion ≈ $239.39 Million |
+43.73% |
| 2013-12-31 | CN¥1.14 Billion ≈ $166.56 Million |
+30.76% |
| 2012-12-31 | CN¥870.45 Million ≈ $127.37 Million |
+11.69% |
| 2011-12-31 | CN¥779.34 Million ≈ $114.04 Million |
+5.66% |
| 2010-12-31 | CN¥737.59 Million ≈ $107.93 Million |
+4.12% |
| 2009-12-31 | CN¥708.43 Million ≈ $103.67 Million |
+396.37% |
| 2008-12-31 | CN¥142.72 Million ≈ $20.88 Million |
+71.22% |
| 2007-12-31 | CN¥83.36 Million ≈ $12.20 Million |
+178.24% |
| 2006-12-31 | CN¥29.96 Million ≈ $4.38 Million |
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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 31785.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.46 Billion | 42.92% |
| Other Components | CN¥5.92 Billion | 57.08% |
| Total Equity | CN¥10.38 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 |
|---|---|
|
Starwood Property Trust Inc
NYSE:STWD
|
$5.53 Billion |
|
Charoen Pokphand Foods Public Company Limited
BK:CPF
|
$5.54 Billion |
|
TKMS AG & Co KGaA
XETRA:TKMS
|
$5.54 Billion |
|
Astor Enerji AS
IS:ASTOR
|
$5.54 Billion |
|
TECHNOLOGY ONE LTD.
F:RW8
|
$5.53 Billion |
|
Archrock Inc
NYSE:AROC
|
$5.53 Billion |
|
Shanghai Electric Power Co Ltd
SHG:600021
|
$5.53 Billion |
|
Huali Industrial Group Company Limited
SHE:300979
|
$5.53 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 2024 to 2025, total equity changed from 9,891,340,288 to 10,379,840,386, a change of 488,500,098 (4.9%).
- Net income of 799,527,204 contributed positively to equity growth.
- Dividend payments of 624,292,251 reduced retained earnings.
- Other comprehensive income decreased equity by 790,837,455.
- Other factors increased equity by 1,104,102,600.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥799.53 Million | +7.7% |
| Dividends Paid | CN¥624.29 Million | -6.01% |
| Other Comprehensive Income | CN¥-790.84 Million | -7.62% |
| Other Changes | CN¥1.10 Billion | +10.64% |
| Total Change | CN¥- | 4.94% |
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: 3.59x
- 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 1244.90x to 3.59x 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¥15.15 | x |
| 2007-12-31 | CN¥0.03 | CN¥15.15 | x |
| 2008-12-31 | CN¥0.08 | CN¥15.15 | x |
| 2009-12-31 | CN¥0.40 | CN¥15.15 | x |
| 2010-12-31 | CN¥0.37 | CN¥15.15 | x |
| 2011-12-31 | CN¥0.38 | CN¥15.15 | x |
| 2012-12-31 | CN¥0.43 | CN¥15.15 | x |
| 2013-12-31 | CN¥0.55 | CN¥15.15 | x |
| 2014-12-31 | CN¥0.78 | CN¥15.15 | x |
| 2015-12-31 | CN¥1.17 | CN¥15.15 | x |
| 2016-12-31 | CN¥3.04 | CN¥15.15 | x |
| 2017-12-31 | CN¥3.26 | CN¥15.15 | x |
| 2018-12-31 | CN¥3.56 | CN¥15.15 | x |
| 2019-12-31 | CN¥3.57 | CN¥15.15 | x |
| 2020-12-31 | CN¥3.61 | CN¥15.15 | x |
| 2021-12-31 | CN¥3.61 | CN¥15.15 | x |
| 2022-12-31 | CN¥3.70 | CN¥15.15 | x |
| 2023-12-31 | CN¥3.93 | CN¥15.15 | x |
| 2024-12-31 | CN¥3.96 | CN¥15.15 | x |
| 2025-12-31 | CN¥4.22 | CN¥15.15 | 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): 7.70%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.15%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.15x
- Recent ROE (7.70%) is below the historical average (14.45%), 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% | 10.56% | 0.47x | 1.05x | CN¥-35.48 Million |
| 2011 | 7.02% | 10.09% | 0.65x | 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% | 0.55x | 1.18x | CN¥-650.98 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 |
| 2025 | 7.70% | 17.15% | 0.39x | 1.15x | CN¥-238.46 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: $2,440,570,840
- Average return on equity (ROE) among peers: 12.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wangsu Science Tech (300017) | CN¥10.55 Billion | 54.54% | 0.14x | $5.53 Billion |
| Eastcompeace Technology Co Ltd (002017) | $976.65 Million | 4.01% | 0.69x | $1.21 Billion |
| Wiscom System Co Ltd (002090) | $436.23 Million | 11.30% | 0.39x | $537.52 Million |
| Topsec Technologies Group Inc (002212) | $5.53 Billion | 1.27% | 0.62x | $1.22 Billion |
| Focus Technology Co Ltd (002315) | $18.51 Million | 58.65% | 1.85x | $1.45 Billion |
| Beijing Venustech Inc (002439) | $6.00 Billion | 13.40% | 0.41x | $2.46 Billion |
| Maxvision Technology Corp (002990) | $2.40 Billion | 7.29% | 0.44x | $1.93 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $1.18 Billion | 10.37% | 0.34x | $847.36 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $1.37 Billion | 0.36% | 0.52x | $3.25 Billion |
| TIZA Information Industry Corporation Inc (300209) | $4.06 Billion | 2.71% | 0.38x | $4.64 Billion |
About Wangsu Science Tech
Wangsu Science & Technology Co.,Ltd. provides edge intelligence and security services worldwide. The company offers Edge computing and Edge AI, such as Edge infrastructure and Edge PaaS; CDN and network products, including web acceleration, platform infrastructure services, streaming delivery, network infrastructure service, file CDN, and SD-WAN; and web security, SASE, security service, and infr… Read more