Beijing VRV Software Corp Ltd
Beijing VRV Software Corporation Limited provides network and information security solutions in China. It offers secure communications and mobile office services; security big data; border security; data security; cyber security; host security services; and industrial control safety services, as well as blockchain and related security. The company was formerly known as Beijing Beixinyuan Automati… Read more
Beijing VRV Software Corp Ltd (300352) - Net Assets
Latest net assets as of September 2025: CN¥1.22 Billion CNY
Based on the latest financial reports, Beijing VRV Software Corp Ltd (300352) has net assets worth CN¥1.22 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¥2.00 Billion) and total liabilities (CN¥781.19 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¥1.22 Billion |
| % of Total Assets | 60.99% |
| Annual Growth Rate | 20.85% |
| 5-Year Change | -36.32% |
| 10-Year Change | 65.96% |
| Growth Volatility | 79.55 |
Beijing VRV Software Corp Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Beijing VRV Software Corp Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Beijing VRV Software Corp Ltd (2009–2024)
The table below shows the annual net assets of Beijing VRV Software Corp Ltd from 2009 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.39 Billion | -9.26% |
| 2023-12-31 | CN¥1.53 Billion | -0.61% |
| 2022-12-31 | CN¥1.54 Billion | -10.93% |
| 2021-12-31 | CN¥1.73 Billion | -20.74% |
| 2020-12-31 | CN¥2.18 Billion | -3.01% |
| 2019-12-31 | CN¥2.25 Billion | -0.75% |
| 2018-12-31 | CN¥2.27 Billion | +2.33% |
| 2017-12-31 | CN¥2.22 Billion | +3.16% |
| 2016-12-31 | CN¥2.15 Billion | +156.51% |
| 2015-12-31 | CN¥837.64 Million | +19.43% |
| 2014-12-31 | CN¥701.39 Million | +8.30% |
| 2013-12-31 | CN¥647.65 Million | +9.36% |
| 2012-12-31 | CN¥592.20 Million | +289.85% |
| 2011-12-31 | CN¥151.90 Million | +24.37% |
| 2010-12-31 | CN¥122.13 Million | +50.53% |
| 2009-12-31 | CN¥81.14 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Beijing VRV Software Corp Ltd'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 2995.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.45 Billion | 103.68% |
| Other Comprehensive Income | CN¥43.93 Million | 3.14% |
| Other Components | CN¥311.87 Million | 22.30% |
| Total Equity | CN¥1.40 Billion | 100.00% |
Beijing VRV Software Corp Ltd Competitors by Market Cap
The table below lists competitors of Beijing VRV Software Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hanwha Investment&Securities Co Ltd
KO:003530
|
$1.05 Billion |
|
Precinct Properties New Zealand Limited
PINK:AOTUF
|
$1.05 Billion |
|
Taiji Computer Corp Ltd
SHE:002368
|
$1.05 Billion |
|
Wockhardt Limited
NSE:WOCKPHARMA
|
$1.05 Billion |
|
CAPRICOR THERAP. DL-001
F:4LN2
|
$1.05 Billion |
|
TD Power Systems Limited
NSE:TDPOWERSYS
|
$1.05 Billion |
|
King’s Town Bank
TW:2809
|
$1.04 Billion |
|
Qingdao Port International Co. Ltd
PINK:QNDPF
|
$1.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing VRV Software Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,543,364,000 to 1,398,307,000, a change of -145,057,000 (-9.4%).
- Net loss of 144,784,574 reduced equity.
- Dividend payments of 7,542,000 reduced retained earnings.
- Other comprehensive income decreased equity by 1,393,387.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-144.78 Million | -10.35% |
| Dividends Paid | CN¥7.54 Million | -0.54% |
| Other Comprehensive Income | CN¥-1.39 Million | -0.1% |
| Other Changes | CN¥8.66 Million | +0.62% |
| Total Change | CN¥- | -9.40% |
Book Value vs Market Value Analysis
This analysis compares Beijing VRV Software Corp Ltd'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: 7.05x
- 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 56.14x to 7.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.12 | CN¥6.80 | x |
| 2010-12-31 | CN¥0.13 | CN¥6.80 | x |
| 2011-12-31 | CN¥0.16 | CN¥6.80 | x |
| 2012-12-31 | CN¥0.47 | CN¥6.80 | x |
| 2013-12-31 | CN¥0.49 | CN¥6.80 | x |
| 2014-12-31 | CN¥0.54 | CN¥6.80 | x |
| 2015-12-31 | CN¥0.66 | CN¥6.80 | x |
| 2016-12-31 | CN¥1.65 | CN¥6.80 | x |
| 2017-12-31 | CN¥1.53 | CN¥6.80 | x |
| 2018-12-31 | CN¥1.55 | CN¥6.80 | x |
| 2019-12-31 | CN¥1.49 | CN¥6.80 | x |
| 2020-12-31 | CN¥1.51 | CN¥6.80 | x |
| 2021-12-31 | CN¥1.20 | CN¥6.80 | x |
| 2022-12-31 | CN¥1.07 | CN¥6.80 | x |
| 2023-12-31 | CN¥1.05 | CN¥6.80 | x |
| 2024-12-31 | CN¥0.96 | CN¥6.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing VRV Software Corp Ltd 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): -10.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -28.02%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.55x
- Recent ROE (-10.35%) is below the historical average (5.98%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 27.81% | 32.69% | 0.73x | 1.17x | CN¥14.45 Million |
| 2010 | 32.98% | 43.94% | 0.55x | 1.35x | CN¥28.07 Million |
| 2011 | 29.47% | 35.27% | 0.71x | 1.18x | CN¥29.58 Million |
| 2012 | 10.15% | 31.64% | 0.30x | 1.07x | CN¥887.93K |
| 2013 | 10.47% | 29.71% | 0.32x | 1.09x | CN¥3.03 Million |
| 2014 | 9.69% | 25.88% | 0.33x | 1.13x | CN¥-2.15 Million |
| 2015 | 8.44% | 15.05% | 0.48x | 1.16x | CN¥-13.04 Million |
| 2016 | 3.75% | 16.32% | 0.21x | 1.08x | CN¥-134.08 Million |
| 2017 | 4.13% | 17.76% | 0.21x | 1.13x | CN¥-129.82 Million |
| 2018 | 3.83% | 15.01% | 0.22x | 1.15x | CN¥-138.31 Million |
| 2019 | 1.03% | 3.10% | 0.26x | 1.29x | CN¥-194.12 Million |
| 2020 | 1.18% | 4.02% | 0.22x | 1.31x | CN¥-192.86 Million |
| 2021 | -25.30% | -65.13% | 0.24x | 1.63x | CN¥-613.57 Million |
| 2022 | -12.07% | -34.46% | 0.20x | 1.74x | CN¥-342.12 Million |
| 2023 | 0.43% | 0.96% | 0.29x | 1.54x | CN¥-147.75 Million |
| 2024 | -10.35% | -28.02% | 0.24x | 1.55x | CN¥-284.62 Million |
Industry Comparison
This section compares Beijing VRV Software Corp Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,637,103,223
- Average return on equity (ROE) among peers: -51.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing VRV Software Corp Ltd (300352) | CN¥1.22 Billion | 27.81% | 0.64x | $1.05 Billion |
| Eastcompeace Technology Co Ltd (002017) | $418.66 Million | 5.29% | 0.42x | $898.39 Million |
| Wiscom System Co Ltd (002090) | $135.58 Million | 19.66% | 1.16x | $607.71 Million |
| Topsec Technologies Group Inc (002212) | $1.70 Billion | 5.53% | 0.32x | $1.09 Billion |
| Focus Technology Co Ltd (002315) | $120.67 Million | 53.17% | 0.63x | $904.68 Million |
| Beijing Venustech Inc (002439) | $1.80 Billion | 13.57% | 0.57x | $1.27 Billion |
| Maxvision Technology Corp (002990) | $199.04 Million | 23.56% | 1.02x | $346.02 Million |
| Wangsu Science Tech (300017) | $7.97 Billion | 10.42% | 0.29x | $4.01 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $3.45 Billion | 3.82% | 0.75x | $921.82 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $515.71 Million | 3.50% | 0.02x | $2.45 Billion |
| TIZA Information Industry Corporation Inc (300209) | $56.50 Million | -649.13% | 13.39x | $1.01 Billion |