Hangzhou Shunwang Tech
Hangzhou Shunwang Technology Co,Ltd engages in the Internet gaming business in China and internationally. The company offers game, anime trendy toys, and live TV platforms, as well as multi-level computing power, artificial intelligence, Internet cafe management, and joint transportation promotion platform services. It also provides digital marketing services, digital solutions for e-sports servi… Read more
Hangzhou Shunwang Tech (300113) - Net Assets
Latest net assets as of September 2025: CN¥2.61 Billion CNY
Based on the latest financial reports, Hangzhou Shunwang Tech (300113) has net assets worth CN¥2.61 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¥3.06 Billion) and total liabilities (CN¥459.28 Million). 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¥2.61 Billion |
| % of Total Assets | 85.01% |
| Annual Growth Rate | 47.26% |
| 5-Year Change | -9.8% |
| 10-Year Change | 53.16% |
| Growth Volatility | 331.91 |
Hangzhou Shunwang Tech - Net Assets Trend (2007–2024)
This chart illustrates how Hangzhou Shunwang 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 Hangzhou Shunwang Tech (2007–2024)
The table below shows the annual net assets of Hangzhou Shunwang Tech from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.28 Billion | +9.17% |
| 2023-12-31 | CN¥2.09 Billion | +7.88% |
| 2022-12-31 | CN¥1.94 Billion | -21.98% |
| 2021-12-31 | CN¥2.48 Billion | -1.83% |
| 2020-12-31 | CN¥2.53 Billion | -4.97% |
| 2019-12-31 | CN¥2.66 Billion | -14.03% |
| 2018-12-31 | CN¥3.10 Billion | -2.97% |
| 2017-12-31 | CN¥3.19 Billion | +24.04% |
| 2016-12-31 | CN¥2.57 Billion | +72.70% |
| 2015-12-31 | CN¥1.49 Billion | +43.90% |
| 2014-12-31 | CN¥1.04 Billion | +18.02% |
| 2013-12-31 | CN¥877.80 Million | +8.60% |
| 2012-12-31 | CN¥808.30 Million | +8.85% |
| 2011-12-31 | CN¥742.56 Million | +7.02% |
| 2010-12-31 | CN¥693.87 Million | +1196.41% |
| 2009-12-31 | CN¥53.52 Million | +76.68% |
| 2008-12-31 | CN¥30.29 Million | +856.24% |
| 2007-12-31 | CN¥3.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Shunwang 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 69361.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.36 Billion | 60.81% |
| Common Stock | CN¥694.29 Million | 31.15% |
| Other Comprehensive Income | CN¥-85.39 Million | -3.83% |
| Other Components | CN¥264.52 Million | 11.87% |
| Total Equity | CN¥2.23 Billion | 100.00% |
Hangzhou Shunwang Tech Competitors by Market Cap
The table below lists competitors of Hangzhou Shunwang Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Werner Enterprises Inc
NASDAQ:WERN
|
$1.61 Billion |
|
Soleno Therapeutics Inc
NASDAQ:SLNO
|
$1.61 Billion |
|
Yamada Holdings Co. Ltd
PINK:YMDAF
|
$1.61 Billion |
|
Titan Cement International S.A.
PINK:TTCIF
|
$1.61 Billion |
|
Genmab AS
NASDAQ:GMAB
|
$1.61 Billion |
|
NORTH PACIFIC BANK LTD
F:2PT
|
$1.60 Billion |
|
VEIDEKKE ASA NK 050
F:VK4
|
$1.60 Billion |
|
Monadelphous Group Ltd
F:8MP
|
$1.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Shunwang Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,018,414,000 to 2,228,775,000, a change of 210,361,000 (10.4%).
- Net income of 251,883,378 contributed positively to equity growth.
- Dividend payments of 54,297,000 reduced retained earnings.
- Share repurchases of 50,438,406 reduced equity.
- Other comprehensive income increased equity by 25,508,353.
- Other factors increased equity by 37,704,675.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥251.88 Million | +11.3% |
| Dividends Paid | CN¥54.30 Million | -2.44% |
| Share Repurchases | CN¥50.44 Million | -2.26% |
| Other Comprehensive Income | CN¥25.51 Million | +1.14% |
| Other Changes | CN¥37.70 Million | +1.69% |
| Total Change | CN¥- | 10.42% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Shunwang 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: 7.93x
- 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 296.92x to 7.93x 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¥0.09 | CN¥25.95 | x |
| 2008-12-31 | CN¥0.19 | CN¥25.95 | x |
| 2009-12-31 | CN¥0.11 | CN¥25.95 | x |
| 2010-12-31 | CN¥1.26 | CN¥25.95 | x |
| 2011-12-31 | CN¥1.12 | CN¥25.95 | x |
| 2012-12-31 | CN¥1.23 | CN¥25.95 | x |
| 2013-12-31 | CN¥1.36 | CN¥25.95 | x |
| 2014-12-31 | CN¥1.57 | CN¥25.95 | x |
| 2015-12-31 | CN¥2.14 | CN¥25.95 | x |
| 2016-12-31 | CN¥3.59 | CN¥25.95 | x |
| 2017-12-31 | CN¥4.33 | CN¥25.95 | x |
| 2018-12-31 | CN¥4.21 | CN¥25.95 | x |
| 2019-12-31 | CN¥3.90 | CN¥25.95 | x |
| 2020-12-31 | CN¥3.49 | CN¥25.95 | x |
| 2021-12-31 | CN¥3.58 | CN¥25.95 | x |
| 2022-12-31 | CN¥2.80 | CN¥25.95 | x |
| 2023-12-31 | CN¥2.98 | CN¥25.95 | x |
| 2024-12-31 | CN¥3.27 | CN¥25.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Shunwang 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): 11.30%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.69%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.26x
- Recent ROE (11.30%) is below the historical average (17.87%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 73.17% | 51.93% | 1.07x | 1.32x | CN¥2.00 Million |
| 2008 | 59.83% | 51.27% | 0.95x | 1.22x | CN¥15.10 Million |
| 2009 | 58.58% | 37.45% | 1.16x | 1.35x | CN¥26.00 Million |
| 2010 | 6.55% | 32.26% | 0.20x | 1.03x | CN¥-23.97 Million |
| 2011 | 8.58% | 36.88% | 0.22x | 1.06x | CN¥-10.57 Million |
| 2012 | 11.40% | 33.65% | 0.30x | 1.11x | CN¥11.31 Million |
| 2013 | 11.68% | 29.54% | 0.28x | 1.44x | CN¥14.72 Million |
| 2014 | 15.24% | 24.16% | 0.49x | 1.29x | CN¥53.91 Million |
| 2015 | 19.62% | 27.94% | 0.54x | 1.31x | CN¥140.06 Million |
| 2016 | 21.15% | 30.62% | 0.50x | 1.39x | CN¥274.71 Million |
| 2017 | 17.09% | 28.22% | 0.46x | 1.33x | CN¥212.56 Million |
| 2018 | 10.92% | 16.20% | 0.51x | 1.32x | CN¥27.08 Million |
| 2019 | 3.33% | 5.42% | 0.46x | 1.35x | CN¥-170.48 Million |
| 2020 | 3.72% | 8.71% | 0.36x | 1.20x | CN¥-153.12 Million |
| 2021 | 2.51% | 5.36% | 0.38x | 1.22x | CN¥-182.40 Million |
| 2022 | -21.44% | -36.12% | 0.49x | 1.21x | CN¥-595.18 Million |
| 2023 | 8.40% | 11.83% | 0.59x | 1.21x | CN¥-32.34 Million |
| 2024 | 11.30% | 13.69% | 0.66x | 1.26x | CN¥29.01 Million |
Industry Comparison
This section compares Hangzhou Shunwang Tech's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $2,452,492,896
- Average return on equity (ROE) among peers: 14.09%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Shunwang Tech (300113) | CN¥2.61 Billion | 73.17% | 0.18x | $1.61 Billion |
| YOUZU Interactive Co Ltd (002174) | $225.02 Million | 4.38% | 0.54x | $1.27 Billion |
| Dalian Zeus Entertainment (002354) | $2.76 Billion | 1.55% | 0.30x | $1.31 Billion |
| Kaiser China Holding Co Ltd (002425) | $278.18 Million | 20.99% | 0.21x | $367.04 Million |
| Kingnet Network Co Ltd (002517) | $645.22 Million | 9.71% | 0.07x | $4.42 Billion |
| 37 Interactive Entertainment Network Technology Group Co Ltd (002555) | $13.02 Billion | 20.54% | 0.50x | $4.16 Billion |
| Giant Network Group Co Ltd (002558) | $100.63 Million | 25.98% | 0.77x | $5.15 Billion |
| Zhejiang Century Huatong Group Co Ltd (002602) | $3.99 Billion | 10.21% | 0.27x | $12.35 Billion |
| Shenzhen Zqgame (300052) | $170.25 Million | 24.16% | 0.10x | $384.52 Million |
| Ourpalm (300315) | $881.90 Million | 9.33% | 0.04x | $1.78 Billion |