Beijing VRV Software Corp Ltd (300352) - Net Assets
Based on the latest financial reports, Beijing VRV Software Corp Ltd (300352) has net assets worth CN¥997.86 Million CNY (≈ $146.02 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¥1.75 Billion ≈ $255.69 Million USD) and total liabilities (CN¥749.48 Million ≈ $109.67 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 Beijing VRV Software Corp Ltd (300352) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥997.86 Million |
| % of Total Assets | 57.11% |
| Annual Growth Rate | 17.35% |
| 5-Year Change | -39.39% |
| 10-Year Change | -51.19% |
| Growth Volatility | 78.34 |
Beijing VRV Software Corp Ltd - Net Assets Trend (2009–2025)
This chart illustrates how Beijing VRV Software Corp Ltd's net assets have evolved over time, based on quarterly financial data. See Beijing VRV Software Corp Ltd (300352) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Beijing VRV Software Corp Ltd (2009–2025)
The table below shows the annual net assets of Beijing VRV Software Corp Ltd from 2009 to 2025. For live valuation and market cap data, see Beijing VRV Software Corp Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.05 Billion ≈ $153.46 Million |
-24.56% |
| 2024-12-31 | CN¥1.39 Billion ≈ $203.43 Million |
-9.26% |
| 2023-12-31 | CN¥1.53 Billion ≈ $224.18 Million |
-0.61% |
| 2022-12-31 | CN¥1.54 Billion ≈ $225.54 Million |
-10.93% |
| 2021-12-31 | CN¥1.73 Billion ≈ $253.22 Million |
-20.74% |
| 2020-12-31 | CN¥2.18 Billion ≈ $319.46 Million |
-3.01% |
| 2019-12-31 | CN¥2.25 Billion ≈ $329.39 Million |
-0.75% |
| 2018-12-31 | CN¥2.27 Billion ≈ $331.89 Million |
+2.33% |
| 2017-12-31 | CN¥2.22 Billion ≈ $324.34 Million |
+3.16% |
| 2016-12-31 | CN¥2.15 Billion ≈ $314.41 Million |
+156.51% |
| 2015-12-31 | CN¥837.64 Million ≈ $122.57 Million |
+19.43% |
| 2014-12-31 | CN¥701.39 Million ≈ $102.64 Million |
+8.30% |
| 2013-12-31 | CN¥647.65 Million ≈ $94.77 Million |
+9.36% |
| 2012-12-31 | CN¥592.20 Million ≈ $86.66 Million |
+289.85% |
| 2011-12-31 | CN¥151.90 Million ≈ $22.23 Million |
+24.37% |
| 2010-12-31 | CN¥122.13 Million ≈ $17.87 Million |
+50.53% |
| 2009-12-31 | CN¥81.14 Million ≈ $11.87 Million |
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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 5397.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.81 Billion | 170.29% |
| Total Equity | CN¥1.06 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 |
|---|---|
|
Harum Energy Tbk PT
JK:HRUM
|
$624.07 Million |
|
Sporton International
TWO:6146
|
$624.22 Million |
|
AMN Healthcare Services Inc
NYSE:AMN
|
$624.22 Million |
|
Zhongjie (Jiangsu) Technology Co.Ltd.
SHE:301072
|
$624.24 Million |
|
Credit Corp Group Ltd
AU:CCP
|
$623.69 Million |
|
Shanxi Huhua Group Co Ltd
SHE:003002
|
$623.66 Million |
|
CTO Realty Growth Inc
NYSE:CTO
|
$623.55 Million |
|
Utz Brands Inc
NYSE:UTZ
|
$623.44 Million |
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 2024 to 2025, total equity changed from 1,398,307,000 to 1,060,299,801, a change of -338,007,199 (-24.2%).
- Net loss of 338,007,077 reduced equity.
- Dividend payments of 5,293,054 reduced retained earnings.
- Other comprehensive income decreased equity by 43,932,613.
- Other factors increased equity by 49,225,545.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-338.01 Million | -31.88% |
| Dividends Paid | CN¥5.29 Million | -0.5% |
| Other Comprehensive Income | CN¥-43.93 Million | -4.14% |
| Other Changes | CN¥49.23 Million | +4.64% |
| Total Change | CN¥- | -24.17% |
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: 4.02x
- 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 24.27x to 4.02x 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¥2.94 | x |
| 2010-12-31 | CN¥0.13 | CN¥2.94 | x |
| 2011-12-31 | CN¥0.16 | CN¥2.94 | x |
| 2012-12-31 | CN¥0.58 | CN¥2.94 | x |
| 2013-12-31 | CN¥0.51 | CN¥2.94 | x |
| 2014-12-31 | CN¥0.54 | CN¥2.94 | x |
| 2015-12-31 | CN¥0.66 | CN¥2.94 | x |
| 2016-12-31 | CN¥1.65 | CN¥2.94 | x |
| 2017-12-31 | CN¥1.53 | CN¥2.94 | x |
| 2018-12-31 | CN¥1.55 | CN¥2.94 | x |
| 2019-12-31 | CN¥1.49 | CN¥2.94 | x |
| 2020-12-31 | CN¥1.51 | CN¥2.94 | x |
| 2021-12-31 | CN¥1.20 | CN¥2.94 | x |
| 2022-12-31 | CN¥1.07 | CN¥2.94 | x |
| 2023-12-31 | CN¥1.05 | CN¥2.94 | x |
| 2024-12-31 | CN¥0.96 | CN¥2.94 | x |
| 2025-12-31 | CN¥0.73 | CN¥2.94 | 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): -31.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -110.51%
- • Asset Turnover: 0.17x
- • Equity Multiplier: 1.70x
- Recent ROE (-31.88%) is below the historical average (3.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 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% | 35.90% | 0.69x | 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 |
| 2025 | -31.88% | -110.51% | 0.17x | 1.70x | CN¥-444.04 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: $3,169,637,148
- Average return on equity (ROE) among peers: 1.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing VRV Software Corp Ltd (300352) | CN¥997.86 Million | 27.81% | 0.75x | $623.74 Million |
| Eastcompeace Technology Co Ltd (002017) | $1.40 Billion | 2.82% | 0.50x | $1.36 Billion |
| Wiscom System Co Ltd (002090) | $1.26 Billion | 2.38% | 1.07x | $541.62 Million |
| Topsec Technologies Group Inc (002212) | $9.45 Billion | -3.93% | 0.19x | $1.06 Billion |
| Focus Technology Co Ltd (002315) | $2.02 Billion | 7.77% | 0.21x | $1.15 Billion |
| Beijing Venustech Inc (002439) | $7.41 Billion | 8.45% | 0.35x | $2.30 Billion |
| Maxvision Technology Corp (002990) | $1.89 Billion | 11.89% | 0.31x | $2.14 Billion |
| Wangsu Science Tech (300017) | $870.45 Million | 11.92% | 0.13x | $5.36 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $2.91 Billion | 5.35% | 0.41x | $922.96 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $1.37 Billion | 0.36% | 0.52x | $2.79 Billion |
| TIZA Information Industry Corporation Inc (300209) | $3.11 Billion | -28.00% | 0.46x | $3.90 Billion |
About 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