Netac Tech (300042) - Net Assets
Based on the latest financial reports, Netac Tech (300042) has net assets worth CN¥1.13 Billion CNY (≈ $164.83 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¥1.71 Billion ≈ $250.42 Million USD) and total liabilities (CN¥584.94 Million ≈ $85.60 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 300042 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.13 Billion |
| % of Total Assets | 65.82% |
| Annual Growth Rate | 11.62% |
| 5-Year Change | -6.41% |
| 10-Year Change | 19.27% |
| Growth Volatility | 84.04 |
Netac Tech - Net Assets Trend (2006–2025)
This chart illustrates how Netac Tech's net assets have evolved over time, based on quarterly financial data. See Netac Tech defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Netac Tech (2006–2025)
The table below shows the annual net assets of Netac Tech from 2006 to 2025. For live valuation and market cap data, see 300042 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.05 Billion ≈ $153.25 Million |
+2.34% |
| 2024-12-31 | CN¥1.02 Billion ≈ $149.75 Million |
-9.16% |
| 2023-12-31 | CN¥1.13 Billion ≈ $164.86 Million |
-4.62% |
| 2022-12-31 | CN¥1.18 Billion ≈ $172.84 Million |
+5.56% |
| 2021-12-31 | CN¥1.12 Billion ≈ $163.74 Million |
+5.22% |
| 2020-12-31 | CN¥1.06 Billion ≈ $155.63 Million |
+5.87% |
| 2019-12-31 | CN¥1.00 Billion ≈ $147.00 Million |
+5.19% |
| 2018-12-31 | CN¥954.98 Million ≈ $139.74 Million |
+5.11% |
| 2017-12-31 | CN¥908.57 Million ≈ $132.95 Million |
+3.47% |
| 2016-12-31 | CN¥878.09 Million ≈ $128.49 Million |
+4.05% |
| 2015-12-31 | CN¥843.91 Million ≈ $123.49 Million |
+1.44% |
| 2014-12-31 | CN¥831.90 Million ≈ $121.73 Million |
+2.47% |
| 2013-12-31 | CN¥811.84 Million ≈ $118.80 Million |
-0.91% |
| 2012-12-31 | CN¥819.27 Million ≈ $119.89 Million |
+1.13% |
| 2011-12-31 | CN¥810.15 Million ≈ $118.55 Million |
+0.49% |
| 2010-12-31 | CN¥806.23 Million ≈ $117.98 Million |
+0.86% |
| 2009-12-31 | CN¥799.38 Million ≈ $116.97 Million |
+378.07% |
| 2008-12-31 | CN¥167.21 Million ≈ $24.47 Million |
+31.01% |
| 2007-12-31 | CN¥127.63 Million ≈ $18.68 Million |
-1.65% |
| 2006-12-31 | CN¥129.77 Million ≈ $18.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Netac 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 245.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥269.64 Million | 25.53% |
| Other Components | CN¥786.32 Million | 74.47% |
| Total Equity | CN¥1.06 Billion | 100.00% |
Netac Tech Competitors by Market Cap
The table below lists competitors of Netac Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wankai New Materials Co. Ltd.
SHE:301216
|
$2.07 Billion |
|
Zhejiang Semir Garment Co Ltd
SHE:002563
|
$2.07 Billion |
|
Capri Holdings Ltd
NYSE:CPRI
|
$2.07 Billion |
|
Sichuan Swellfun Co Ltd
SHG:600779
|
$2.07 Billion |
|
Yunnan Botanee Bio-Technology Group Co Ltd
SHE:300957
|
$2.06 Billion |
|
Northwest Natural Gas Co
NYSE:NWN
|
$2.06 Billion |
|
Turpaz Industries Ltd
TA:TRPZ
|
$2.06 Billion |
|
Bure Equity AB
ST:BURE
|
$2.06 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Netac Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,032,132,218 to 1,055,963,031, a change of 23,830,813 (2.3%).
- Net income of 27,147,598 contributed positively to equity growth.
- Dividend payments of 2,551,960 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥27.15 Million | +2.57% |
| Dividends Paid | CN¥2.55 Million | -0.24% |
| Other Changes | CN¥-764.82K | -0.07% |
| Total Change | CN¥- | 2.31% |
Book Value vs Market Value Analysis
This analysis compares Netac 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: 13.35x
- 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 80.15x to 13.35x 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¥0.88 | CN¥70.35 | x |
| 2007-12-31 | CN¥0.85 | CN¥70.35 | x |
| 2008-12-31 | CN¥1.11 | CN¥70.35 | x |
| 2009-12-31 | CN¥5.30 | CN¥70.35 | x |
| 2010-12-31 | CN¥4.08 | CN¥70.35 | x |
| 2011-12-31 | CN¥4.04 | CN¥70.35 | x |
| 2012-12-31 | CN¥4.09 | CN¥70.35 | x |
| 2013-12-31 | CN¥4.05 | CN¥70.35 | x |
| 2014-12-31 | CN¥4.15 | CN¥70.35 | x |
| 2015-12-31 | CN¥4.21 | CN¥70.35 | x |
| 2016-12-31 | CN¥4.38 | CN¥70.35 | x |
| 2017-12-31 | CN¥4.53 | CN¥70.35 | x |
| 2018-12-31 | CN¥4.76 | CN¥70.35 | x |
| 2019-12-31 | CN¥5.01 | CN¥70.35 | x |
| 2020-12-31 | CN¥5.31 | CN¥70.35 | x |
| 2021-12-31 | CN¥5.58 | CN¥70.35 | x |
| 2022-12-31 | CN¥5.89 | CN¥70.35 | x |
| 2023-12-31 | CN¥5.64 | CN¥70.35 | x |
| 2024-12-31 | CN¥5.15 | CN¥70.35 | x |
| 2025-12-31 | CN¥5.27 | CN¥70.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Netac 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): 2.57%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.19%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 1.27x
- Recent ROE (2.57%) is below the historical average (5.80%), 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 | 12.15% | 5.72% | 1.54x | 1.38x | CN¥2.79 Million |
| 2007 | 30.44% | 12.68% | 1.64x | 1.47x | CN¥26.09 Million |
| 2008 | 23.67% | 16.28% | 1.19x | 1.22x | CN¥22.86 Million |
| 2009 | 4.96% | 14.55% | 0.30x | 1.13x | CN¥-40.25 Million |
| 2010 | 2.51% | 9.04% | 0.25x | 1.11x | CN¥-60.41 Million |
| 2011 | 2.01% | 6.98% | 0.26x | 1.13x | CN¥-64.70 Million |
| 2012 | 1.93% | 7.71% | 0.23x | 1.08x | CN¥-66.12 Million |
| 2013 | 0.73% | 2.56% | 0.27x | 1.08x | CN¥-75.25 Million |
| 2014 | 2.41% | 9.51% | 0.25x | 1.04x | CN¥-63.12 Million |
| 2015 | 2.88% | 6.01% | 0.46x | 1.05x | CN¥-60.10 Million |
| 2016 | 5.06% | 7.52% | 0.64x | 1.05x | CN¥-43.37 Million |
| 2017 | 6.18% | 6.05% | 0.98x | 1.05x | CN¥-34.67 Million |
| 2018 | 6.75% | 6.67% | 0.97x | 1.05x | CN¥-31.00 Million |
| 2019 | 7.15% | 6.02% | 1.10x | 1.08x | CN¥-28.61 Million |
| 2020 | 6.64% | 4.74% | 1.26x | 1.11x | CN¥-35.70 Million |
| 2021 | 6.15% | 3.60% | 1.52x | 1.12x | CN¥-43.05 Million |
| 2022 | 5.26% | 3.51% | 1.31x | 1.15x | CN¥-55.98 Million |
| 2023 | -3.88% | -4.02% | 0.79x | 1.22x | CN¥-156.70 Million |
| 2024 | -9.62% | -11.96% | 0.69x | 1.16x | CN¥-202.46 Million |
| 2025 | 2.57% | 2.19% | 0.92x | 1.27x | CN¥-78.45 Million |
Industry Comparison
This section compares Netac Tech's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $9,009,435,518
- Average return on equity (ROE) among peers: 7.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Netac Tech (300042) | CN¥1.13 Billion | 12.15% | 0.52x | $2.06 Billion |
| Shenzhen Kaifa Technology Co Ltd (000021) | $12.78 Billion | 5.04% | 1.14x | $10.15 Billion |
| China Greatwall Computer Shenzhen Co Ltd (000066) | $12.45 Billion | -11.88% | 1.62x | $8.42 Billion |
| TPV Technology Co Ltd (000727) | $1.20 Billion | 2.17% | 0.76x | $1.82 Billion |
| Inspur Electronic Info Industr (000977) | $17.62 Billion | 11.84% | 1.33x | $14.14 Billion |
| Ninestar Corp (002180) | $8.56 Billion | 11.10% | 3.22x | $2.94 Billion |
| Costar Group Co Ltd (002189) | $495.15 Million | 2.19% | 0.48x | $759.85 Million |
| Hangzhou Hikvision Digital Technology Co Ltd (002415) | $24.48 Billion | 30.33% | 0.69x | $43.32 Billion |
| Shenzhen Rapoo Technology (002577) | $1.16 Billion | 2.75% | 0.07x | $801.75 Million |
| Suzhou Anjie Technology Co Ltd (002635) | $2.34 Billion | 13.15% | 0.32x | $1.76 Billion |
About Netac Tech
Netac Technology Co., Ltd. engages in the research and development, production, and sale of storage products in the People's Republic of China and internationally. The company offers solid state drives, external storage products, memory products, USB flash drives, memory cards, and peripheral products. Its products are used in mobile phones, tablets, computers, dashcams, cameras, drones, automoti… Read more