Shenzhen Tatfook Tech (300134) - Net Assets

Latest as of March 2026: CN¥3.86 Billion CNY ≈ $564.45 Million USD

Based on the latest financial reports, Shenzhen Tatfook Tech (300134) has net assets worth CN¥3.86 Billion CNY (≈ $564.45 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¥5.68 Billion ≈ $831.34 Million USD) and total liabilities (CN¥1.82 Billion ≈ $266.88 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 Shenzhen Tatfook Tech 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¥3.86 Billion
% of Total Assets	67.9%
Annual Growth Rate	20.72%
5-Year Change	-18.28%
10-Year Change	-33.47%
Growth Volatility	157.79

Shenzhen Tatfook Tech - Net Assets Trend (2007–2025)

This chart illustrates how Shenzhen Tatfook Tech's net assets have evolved over time, based on quarterly financial data. See 300134 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shenzhen Tatfook Tech (2007–2025)

The table below shows the annual net assets of Shenzhen Tatfook Tech from 2007 to 2025. For live valuation and market cap data, see Shenzhen Tatfook Tech (300134) total market value.

Year	Net Assets	Change
2025-12-31	CN¥3.91 Billion ≈ $571.91 Million	-6.25%
2024-12-31	CN¥4.17 Billion ≈ $610.02 Million	-9.49%
2023-12-31	CN¥4.61 Billion ≈ $674.01 Million	-2.52%
2022-12-31	CN¥4.72 Billion ≈ $691.40 Million	-1.20%
2021-12-31	CN¥4.78 Billion ≈ $699.81 Million	-6.42%
2020-12-31	CN¥5.11 Billion ≈ $747.85 Million	+2.37%
2019-12-31	CN¥4.99 Billion ≈ $730.55 Million	-6.64%
2018-12-31	CN¥5.35 Billion ≈ $782.52 Million	-0.01%
2017-12-31	CN¥5.35 Billion ≈ $782.56 Million	-8.97%
2016-12-31	CN¥5.87 Billion ≈ $859.65 Million	+130.24%
2015-12-31	CN¥2.55 Billion ≈ $373.37 Million	-1.05%
2014-12-31	CN¥2.58 Billion ≈ $377.35 Million	+15.78%
2013-12-31	CN¥2.23 Billion ≈ $325.93 Million	-0.20%
2012-12-31	CN¥2.23 Billion ≈ $326.59 Million	-4.71%
2011-12-31	CN¥2.34 Billion ≈ $342.75 Million	-3.82%
2010-12-31	CN¥2.44 Billion ≈ $356.37 Million	+673.93%
2009-12-31	CN¥314.67 Million ≈ $46.05 Million	+152.25%
2008-12-31	CN¥124.75 Million ≈ $18.25 Million	-5.36%
2007-12-31	CN¥131.82 Million ≈ $19.29 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Tatfook 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 decreased by 3406.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥5.47 Billion	147.51%
Total Equity	CN¥3.71 Billion	100.00%

Shenzhen Tatfook Tech Competitors by Market Cap

The table below lists competitors of Shenzhen Tatfook Tech ranked by their market capitalization.

Company	Market Cap
Guangdong South New Media Co Ltd SHE:300770	$1.13 Billion
Anhui Tongfeng Electronics Co Ltd SHG:600237	$1.13 Billion
MillerKnoll Inc NASDAQ:MLKN	$1.13 Billion
BHI Co. Ltd KQ:083650	$1.13 Billion
Fox-Wizel Ltd TA:FOX	$1.12 Billion
Jiangxi Black Cat Carbon Black SHE:002068	$1.12 Billion
Eyepoint Pharmaceuticals Inc NASDAQ:EYPT	$1.12 Billion
HEG Limited NSE:HEG	$1.12 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenzhen Tatfook Tech's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 3,961,435,842 to 3,708,807,416, a change of -252,628,426 (-6.4%).
Net loss of 269,639,215 reduced equity.
Dividend payments of 21,572,399 reduced retained earnings.
Other comprehensive income decreased equity by 118,585,309.
Other factors increased equity by 157,168,496.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-269.64 Million	-7.27%
Dividends Paid	CN¥21.57 Million	-0.58%
Other Comprehensive Income	CN¥-118.59 Million	-3.2%
Other Changes	CN¥157.17 Million	+4.24%
Total Change	CN¥-	-6.38%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Tatfook 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: 2.07x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 32.57x to 2.07x 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¥0.31	CN¥10.02	x
2008-12-31	CN¥0.29	CN¥10.02	x
2009-12-31	CN¥0.72	CN¥10.02	x
2010-12-31	CN¥4.71	CN¥10.02	x
2011-12-31	CN¥3.60	CN¥10.02	x
2012-12-31	CN¥3.29	CN¥10.02	x
2013-12-31	CN¥3.27	CN¥10.02	x
2014-12-31	CN¥3.94	CN¥10.02	x
2015-12-31	CN¥3.94	CN¥10.02	x
2016-12-31	CN¥8.43	CN¥10.02	x
2017-12-31	CN¥6.97	CN¥10.02	x
2018-12-31	CN¥6.50	CN¥10.02	x
2019-12-31	CN¥6.51	CN¥10.02	x
2020-12-31	CN¥6.56	CN¥10.02	x
2021-12-31	CN¥6.15	CN¥10.02	x
2022-12-31	CN¥6.01	CN¥10.02	x
2023-12-31	CN¥5.72	CN¥10.02	x
2024-12-31	CN¥5.16	CN¥10.02	x
2025-12-31	CN¥4.83	CN¥10.02	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Tatfook 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): -7.27%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -10.97%
• Asset Turnover: 0.42x
• Equity Multiplier: 1.56x
Recent ROE (-7.27%) is below the historical average (6.63%), 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	28.68%	12.15%	0.84x	2.81x	CN¥24.63 Million
2008	56.41%	14.87%	0.93x	4.08x	CN¥57.89 Million
2009	44.36%	23.82%	1.07x	1.74x	CN¥108.11 Million
2010	10.30%	29.07%	0.32x	1.12x	CN¥7.27 Million
2011	8.03%	18.92%	0.37x	1.16x	CN¥-46.06 Million
2012	-8.93%	-12.71%	0.47x	1.51x	CN¥-405.28 Million
2013	2.52%	2.92%	0.64x	1.35x	CN¥-164.15 Million
2014	20.83%	21.85%	0.71x	1.35x	CN¥278.42 Million
2015	3.81%	4.66%	0.47x	1.73x	CN¥-155.90 Million
2016	2.14%	5.18%	0.31x	1.34x	CN¥-458.97 Million
2017	-9.61%	-28.76%	0.25x	1.33x	CN¥-1.04 Billion
2018	0.46%	1.36%	0.27x	1.25x	CN¥-510.29 Million
2019	-7.10%	-15.17%	0.38x	1.24x	CN¥-854.07 Million
2020	0.71%	1.63%	0.36x	1.22x	CN¥-467.55 Million
2021	-5.54%	-10.58%	0.39x	1.34x	CN¥-727.19 Million
2022	2.05%	3.62%	0.40x	1.43x	CN¥-363.60 Million
2023	-3.85%	-6.83%	0.38x	1.47x	CN¥-612.99 Million
2024	-12.02%	-20.49%	0.39x	1.50x	CN¥-872.19 Million
2025	-7.27%	-10.97%	0.42x	1.56x	CN¥-640.52 Million

Industry Comparison

This section compares Shenzhen Tatfook Tech's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

Industry: Communication Equipment
Average net assets among peers: $1,668,860,588
Average return on equity (ROE) among peers: -18.38%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Tatfook Tech (300134)	CN¥3.86 Billion	28.68%	0.47x	$1.13 Billion
ZTE Corp (000063)	$42.55 Million	189.70%	2.42x	$22.33 Billion
Shenzhen SDG Information Co Ltd (000070)	$2.88 Billion	11.20%	1.46x	$2.73 Billion
Addsino Co Ltd (000547)	$5.57 Billion	3.88%	0.24x	$4.61 Billion
Sichuan Huiyuan Optical Com (000586)	$260.80 Million	1.16%	1.11x	$431.95 Million
PetroChina Jinhong Energy Investment Co Ltd (000669)	$1.39 Billion	-102.15%	5.62x	$401.25 Million
Sichuan Jiuzhou Electronic Co Ltd (000801)	$178.59 Million	6.04%	0.38x	$1.72 Billion
Skyworth Digital Co Ltd (000810)	$4.56 Billion	9.25%	1.46x	$2.07 Billion
Gohigh Data Networks Technology Co Ltd (000851)	$820.93 Million	-279.00%	4.69x	$64.38 Million
Shenzhen Coship Electronics Co Ltd (002052)	$870.26 Million	-47.89%	2.43x	$930.39 Million
Sunwave Communications Co Ltd (002115)	$112.36 Million	24.04%	1.27x	$1.39 Billion

About Shenzhen Tatfook Tech

SHE:300134 China Communication Equipment

Market Cap

$1.13 Billion

CN¥7.69 Billion CNY

Market Cap Rank

#8559 Global

#2120 in China

Share Price

CN¥10.02

Change (1 day)

-0.50%

52-Week Range

CN¥9.65 - CN¥13.85

All Time High

CN¥33.73