Sangfor Technologies Inc Class A (300454) - Net Assets
Based on the latest financial reports, Sangfor Technologies Inc Class A (300454) has net assets worth CN¥10.87 Billion CNY (≈ $1.59 Billion 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¥15.35 Billion ≈ $2.25 Billion USD) and total liabilities (CN¥4.48 Billion ≈ $655.63 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 Sangfor Technologies Inc Class A 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¥10.87 Billion |
| % of Total Assets | 70.81% |
| Annual Growth Rate | 23.26% |
| 5-Year Change | 32.74% |
| 10-Year Change | 700.88% |
| Growth Volatility | 27.08 |
Sangfor Technologies Inc Class A - Net Assets Trend (2014–2025)
This chart illustrates how Sangfor Technologies Inc Class A's net assets have evolved over time, based on quarterly financial data. See how many days can Sangfor Technologies Inc Class A fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sangfor Technologies Inc Class A (2014–2025)
The table below shows the annual net assets of Sangfor Technologies Inc Class A from 2014 to 2025. For live valuation and market cap data, see 300454 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥9.70 Billion ≈ $1.42 Billion |
+5.76% |
| 2024-12-31 | CN¥9.17 Billion ≈ $1.34 Billion |
+4.09% |
| 2023-12-31 | CN¥8.81 Billion ≈ $1.29 Billion |
+14.08% |
| 2022-12-31 | CN¥7.72 Billion ≈ $1.13 Billion |
+5.69% |
| 2021-12-31 | CN¥7.30 Billion ≈ $1.07 Billion |
+12.19% |
| 2020-12-31 | CN¥6.51 Billion ≈ $952.76 Million |
+50.68% |
| 2019-12-31 | CN¥4.32 Billion ≈ $632.29 Million |
+25.80% |
| 2018-12-31 | CN¥3.43 Billion ≈ $502.60 Million |
+97.33% |
| 2017-12-31 | CN¥1.74 Billion ≈ $254.70 Million |
+43.76% |
| 2016-12-31 | CN¥1.21 Billion ≈ $177.17 Million |
+9.98% |
| 2015-12-31 | CN¥1.10 Billion ≈ $161.09 Million |
+13.25% |
| 2014-12-31 | CN¥972.05 Million ≈ $142.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sangfor Technologies Inc Class A'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 400.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.61 Billion | 37.27% |
| Other Components | CN¥6.08 Billion | 62.73% |
| Total Equity | CN¥9.70 Billion | 100.00% |
Sangfor Technologies Inc Class A Competitors by Market Cap
The table below lists competitors of Sangfor Technologies Inc Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OneMain Holdings Inc
NYSE:OMF
|
$6.39 Billion |
|
Wuxi Taiji Industry Co Ltd
SHG:600667
|
$6.40 Billion |
|
XP Inc
F:XP9
|
$6.40 Billion |
|
Southwest Gas Holdings Inc
NYSE:SWX
|
$6.40 Billion |
|
Fibra UNO
MX:FUNO11
|
$6.39 Billion |
|
VOESTALPINE ADR 1/5/O.N.
F:VASS
|
$6.39 Billion |
|
Daewoo Engineering & Construction
KO:047040
|
$6.39 Billion |
|
LKQ Corporation
NASDAQ:LKQ
|
$6.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sangfor Technologies Inc Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 9,168,095,503 to 9,696,359,664, a change of 528,264,161 (5.8%).
- Net income of 392,791,954 contributed positively to equity growth.
- Dividend payments of 32,504,350 reduced retained earnings.
- Other comprehensive income decreased equity by 290,400,587.
- Other factors increased equity by 458,377,144.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥392.79 Million | +4.05% |
| Dividends Paid | CN¥32.50 Million | -0.34% |
| Other Comprehensive Income | CN¥-290.40 Million | -2.99% |
| Other Changes | CN¥458.38 Million | +4.73% |
| Total Change | CN¥- | 5.76% |
Book Value vs Market Value Analysis
This analysis compares Sangfor Technologies Inc Class A'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: 4.39x
- 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 36.19x to 4.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥2.80 | CN¥101.21 | x |
| 2015-12-31 | CN¥3.17 | CN¥101.21 | x |
| 2016-12-31 | CN¥3.43 | CN¥101.21 | x |
| 2017-12-31 | CN¥4.83 | CN¥101.21 | x |
| 2018-12-31 | CN¥8.82 | CN¥101.21 | x |
| 2019-12-31 | CN¥10.76 | CN¥101.21 | x |
| 2020-12-31 | CN¥16.01 | CN¥101.21 | x |
| 2021-12-31 | CN¥17.67 | CN¥101.21 | x |
| 2022-12-31 | CN¥18.69 | CN¥101.21 | x |
| 2023-12-31 | CN¥20.92 | CN¥101.21 | x |
| 2024-12-31 | CN¥21.89 | CN¥101.21 | x |
| 2025-12-31 | CN¥23.05 | CN¥101.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sangfor Technologies Inc Class A 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): 4.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.88%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.72x
- Recent ROE (4.05%) is below the historical average (14.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 23.95% | 24.52% | 0.59x | 1.66x | CN¥135.64 Million |
| 2015 | 29.98% | 25.03% | 0.62x | 1.95x | CN¥219.96 Million |
| 2016 | 21.27% | 14.72% | 0.83x | 1.74x | CN¥136.49 Million |
| 2017 | 32.95% | 23.20% | 0.85x | 1.67x | CN¥399.47 Million |
| 2018 | 17.56% | 18.71% | 0.63x | 1.49x | CN¥259.81 Million |
| 2019 | 17.56% | 16.53% | 0.68x | 1.57x | CN¥326.80 Million |
| 2020 | 12.43% | 14.83% | 0.56x | 1.50x | CN¥158.28 Million |
| 2021 | 3.74% | 4.01% | 0.62x | 1.50x | CN¥-457.62 Million |
| 2022 | 2.52% | 2.62% | 0.61x | 1.58x | CN¥-577.86 Million |
| 2023 | 2.25% | 2.58% | 0.51x | 1.71x | CN¥-682.70 Million |
| 2024 | 2.15% | 2.62% | 0.49x | 1.66x | CN¥-719.94 Million |
| 2025 | 4.05% | 4.88% | 0.48x | 1.72x | CN¥-576.84 Million |
Industry Comparison
This section compares Sangfor Technologies Inc Class A'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 |
|---|---|---|---|---|
| Sangfor Technologies Inc Class A (300454) | CN¥10.87 Billion | 23.95% | 0.41x | $6.39 Billion |
| 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 Sangfor Technologies Inc Class A
Sangfor Technologies Inc. provides IT infrastructure, cloud computing, and network security solutions in China and internationally. The company offers cyber security products, including Sangfor Network Secure Firewall platform; Sangfor Cyber Command, an intelligent threat detection and response platform; Sangfor Endpoint Secure for extensive malware protection; Internet Access Gateway, a securely… Read more