Shenzhen Inovance Tech (300124) - Net Assets
Based on the latest financial reports, Shenzhen Inovance Tech (300124) has net assets worth CN¥36.10 Billion CNY (≈ $5.28 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥67.80 Billion ≈ $9.92 Billion USD) and total liabilities (CN¥31.70 Billion ≈ $4.64 Billion 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 Shenzhen Inovance Tech (300124) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥36.10 Billion |
| % of Total Assets | 53.24% |
| Annual Growth Rate | 40.76% |
| 5-Year Change | 158.08% |
| 10-Year Change | 562.71% |
| Growth Volatility | 221.36 |
Shenzhen Inovance Tech - Net Assets Trend (2007–2024)
This chart illustrates how Shenzhen Inovance Tech's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Shenzhen Inovance Tech for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Inovance Tech (2007–2024)
The table below shows the annual net assets of Shenzhen Inovance Tech from 2007 to 2024. For live valuation and market cap data, see Shenzhen Inovance Tech (300124) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥28.43 Billion ≈ $4.16 Billion |
+13.71% |
| 2023-12-31 | CN¥25.00 Billion ≈ $3.66 Billion |
+24.31% |
| 2022-12-31 | CN¥20.11 Billion ≈ $2.94 Billion |
+23.16% |
| 2021-12-31 | CN¥16.33 Billion ≈ $2.39 Billion |
+48.24% |
| 2020-12-31 | CN¥11.02 Billion ≈ $1.61 Billion |
+23.27% |
| 2019-12-31 | CN¥8.94 Billion ≈ $1.31 Billion |
+36.75% |
| 2018-12-31 | CN¥6.53 Billion ≈ $956.25 Million |
+14.14% |
| 2017-12-31 | CN¥5.73 Billion ≈ $837.82 Million |
+14.92% |
| 2016-12-31 | CN¥4.98 Billion ≈ $729.07 Million |
+16.14% |
| 2015-12-31 | CN¥4.29 Billion ≈ $627.74 Million |
+17.66% |
| 2014-12-31 | CN¥3.65 Billion ≈ $533.51 Million |
+12.75% |
| 2013-12-31 | CN¥3.23 Billion ≈ $473.18 Million |
+19.50% |
| 2012-12-31 | CN¥2.71 Billion ≈ $395.98 Million |
+7.64% |
| 2011-12-31 | CN¥2.51 Billion ≈ $367.86 Million |
+9.52% |
| 2010-12-31 | CN¥2.30 Billion ≈ $335.88 Million |
+963.32% |
| 2009-12-31 | CN¥215.87 Million ≈ $31.59 Million |
+70.02% |
| 2008-12-31 | CN¥126.96 Million ≈ $18.58 Million |
+49.35% |
| 2007-12-31 | CN¥85.01 Million ≈ $12.44 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Inovance 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 25975.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥18.09 Billion | 64.63% |
| Common Stock | CN¥2.69 Billion | 9.62% |
| Other Comprehensive Income | CN¥-23.26 Million | -0.08% |
| Other Components | CN¥7.23 Billion | 25.84% |
| Total Equity | CN¥27.99 Billion | 100.00% |
Shenzhen Inovance Tech Competitors by Market Cap
The table below lists competitors of Shenzhen Inovance Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chroma ATE Inc
TW:2360
|
$29.76 Billion |
|
Arch Capital Group Ltd
F:RSK
|
$29.77 Billion |
|
Iron Mountain Incorporated
NYSE:IRM
|
$29.90 Billion |
|
Atmos Energy Corporation
NYSE:ATO
|
$29.92 Billion |
|
China State Construction Engineering Corp Ltd
SHG:601668
|
$29.69 Billion |
|
Bank Hapoalim
TA:POLI
|
$29.69 Billion |
|
NRG Energy Inc.
NYSE:NRG
|
$29.65 Billion |
|
Ningxia Baofeng Energy Group Co Ltd
SHG:600989
|
$29.64 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Inovance Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 24,481,893,916 to 27,994,377,858, a change of 3,512,483,942 (14.3%).
- Net income of 4,285,493,346 contributed positively to equity growth.
- Dividend payments of 1,324,684,276 reduced retained earnings.
- Share repurchases of 70,025,798 reduced equity.
- Other comprehensive income decreased equity by 1,491,482,577.
- Other factors increased equity by 2,113,183,247.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥4.29 Billion | +15.31% |
| Dividends Paid | CN¥1.32 Billion | -4.73% |
| Share Repurchases | CN¥70.03 Million | -0.25% |
| Other Comprehensive Income | CN¥-1.49 Billion | -5.33% |
| Other Changes | CN¥2.11 Billion | +7.55% |
| Total Change | CN¥- | 14.35% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Inovance 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: 7.18x
- 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 1537.13x to 7.18x 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¥0.05 | CN¥75.00 | x |
| 2008-12-31 | CN¥0.07 | CN¥75.00 | x |
| 2009-12-31 | CN¥0.12 | CN¥75.00 | x |
| 2010-12-31 | CN¥1.22 | CN¥75.00 | x |
| 2011-12-31 | CN¥1.07 | CN¥75.00 | x |
| 2012-12-31 | CN¥1.16 | CN¥75.00 | x |
| 2013-12-31 | CN¥1.30 | CN¥75.00 | x |
| 2014-12-31 | CN¥1.46 | CN¥75.00 | x |
| 2015-12-31 | CN¥1.71 | CN¥75.00 | x |
| 2016-12-31 | CN¥1.96 | CN¥75.00 | x |
| 2017-12-31 | CN¥2.22 | CN¥75.00 | x |
| 2018-12-31 | CN¥2.53 | CN¥75.00 | x |
| 2019-12-31 | CN¥3.50 | CN¥75.00 | x |
| 2020-12-31 | CN¥4.12 | CN¥75.00 | x |
| 2021-12-31 | CN¥6.05 | CN¥75.00 | x |
| 2022-12-31 | CN¥7.48 | CN¥75.00 | x |
| 2023-12-31 | CN¥9.19 | CN¥75.00 | x |
| 2024-12-31 | CN¥10.45 | CN¥75.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Inovance 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): 15.31%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.57%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 2.04x
- Recent ROE (15.31%) is below the historical average (22.75%), 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 | 58.06% | 30.99% | 1.30x | 1.44x | CN¥40.89 Million |
| 2008 | 43.83% | 28.56% | 1.14x | 1.35x | CN¥42.95 Million |
| 2009 | 47.56% | 33.76% | 1.05x | 1.34x | CN¥81.04 Million |
| 2010 | 9.60% | 32.66% | 0.27x | 1.07x | CN¥-9.11 Million |
| 2011 | 13.58% | 32.62% | 0.39x | 1.07x | CN¥89.68 Million |
| 2012 | 11.80% | 26.62% | 0.40x | 1.10x | CN¥48.43 Million |
| 2013 | 18.24% | 32.46% | 0.45x | 1.24x | CN¥253.06 Million |
| 2014 | 19.21% | 29.71% | 0.48x | 1.35x | CN¥319.54 Million |
| 2015 | 19.93% | 29.21% | 0.47x | 1.46x | CN¥403.31 Million |
| 2016 | 19.76% | 25.46% | 0.46x | 1.69x | CN¥460.26 Million |
| 2017 | 19.54% | 22.19% | 0.53x | 1.67x | CN¥517.42 Million |
| 2018 | 18.69% | 19.86% | 0.57x | 1.65x | CN¥542.69 Million |
| 2019 | 11.05% | 12.88% | 0.50x | 1.73x | CN¥90.15 Million |
| 2020 | 19.74% | 18.24% | 0.62x | 1.75x | CN¥1.04 Billion |
| 2021 | 22.50% | 19.92% | 0.66x | 1.72x | CN¥1.99 Billion |
| 2022 | 21.80% | 18.77% | 0.59x | 1.98x | CN¥2.34 Billion |
| 2023 | 19.37% | 15.59% | 0.62x | 2.00x | CN¥2.29 Billion |
| 2024 | 15.31% | 11.57% | 0.65x | 2.04x | CN¥1.49 Billion |
Industry Comparison
This section compares Shenzhen Inovance Tech's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,171,276,811
- Average return on equity (ROE) among peers: 9.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Inovance Tech (300124) | CN¥36.10 Billion | 58.06% | 0.88x | $29.71 Billion |
| XJ Electric Co Ltd (000400) | $12.38 Billion | 9.02% | 1.04x | $3.94 Billion |
| Guangdong Macro Co Ltd (000533) | $458.00 Million | 10.69% | 4.94x | $1.36 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $5.06 Billion | 1.06% | 0.20x | $1.04 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.31 Billion | 1.12% | 0.18x | $2.64 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $252.43 Million | 22.90% | 1.38x | $1.05 Billion |
| Huagong Tech Co Ltd (000988) | $96.48 Million | 19.13% | 0.23x | $20.11 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.92 Billion |
| Sieyuan Electric Co Ltd (002028) | $1.88 Billion | 14.48% | 0.53x | $22.64 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $180.55 Million | -0.36% | 0.21x | $555.84 Million |
| Gotion High tech Co Ltd (002074) | $8.55 Billion | 6.79% | 1.41x | $9.88 Billion |
About Shenzhen Inovance Tech
Shenzhen Inovance Technology Co.,Ltd manufactures and sells industrial automation control solutions in China and internationally. It operates through four segments: General Automation, New Energy Vehicles, Smart Elevators, and Rail Transit. The company offers inverters, servo systems, PLC/HMI/CNC, industrial robots, electric core products and solutions for industrial automation, such asmachines, … Read more