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¥9.21 Billion CNY (≈ $1.35 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¥14.88 Billion ≈ $2.18 Billion USD) and total liabilities (CN¥5.67 Billion ≈ $830.24 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 financial resilience of Sangfor Technologies Inc Class A to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥9.21 Billion |
| % of Total Assets | 61.87% |
| Annual Growth Rate | 25.15% |
| 5-Year Change | 40.81% |
| 10-Year Change | 732.79% |
| Growth Volatility | 27.66 |
Sangfor Technologies Inc Class A - Net Assets Trend (2014–2024)
This chart illustrates how Sangfor Technologies Inc Class A's net assets have evolved over time, based on quarterly financial data. Also explore 300454 total assets for the complete picture of this company's asset base.
Annual Net Assets for Sangfor Technologies Inc Class A (2014–2024)
The table below shows the annual net assets of Sangfor Technologies Inc Class A from 2014 to 2024. For live valuation and market cap data, see 300454 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
+25.70% |
| 2018-12-31 | CN¥3.44 Billion ≈ $503.00 Million |
+97.49% |
| 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 340.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.18 Billion | 34.70% |
| Common Stock | CN¥421.86 Million | 4.60% |
| Other Comprehensive Income | CN¥290.40 Million | 3.17% |
| Other Components | CN¥5.27 Billion | 57.53% |
| Total Equity | CN¥9.17 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 |
|---|---|
|
Dutch Bros Inc
NYSE:BROS
|
$7.24 Billion |
|
Svenska Cellulosa Aktiebolaget SCA (publ)
ST:SCA-B
|
$7.24 Billion |
|
STORA ENSO R ADR 1
F:ENUS
|
$7.24 Billion |
|
Air Lease Corporation
NYSE:AL
|
$7.24 Billion |
|
ICON PLC
NASDAQ:ICLR
|
$7.23 Billion |
|
Huadian Power International Corp Ltd Class A
SHG:600027
|
$7.22 Billion |
|
Huadian Energy
SHG:600726
|
$7.21 Billion |
|
Telekom Malaysia Bhd
KLSE:4863
|
$7.21 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 2023 to 2024, total equity changed from 8,805,254,642 to 9,168,095,503, a change of 362,840,861 (4.1%).
- Net income of 196,868,908 contributed positively to equity growth.
- Dividend payments of 50,468,459 reduced retained earnings.
- Share repurchases of 199,978,142 reduced equity.
- Other comprehensive income increased equity by 87,275,731.
- Other factors increased equity by 329,142,823.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥196.87 Million | +2.15% |
| Dividends Paid | CN¥50.47 Million | -0.55% |
| Share Repurchases | CN¥199.98 Million | -2.18% |
| Other Comprehensive Income | CN¥87.28 Million | +0.95% |
| Other Changes | CN¥329.14 Million | +3.59% |
| Total Change | CN¥- | 4.12% |
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: 5.35x
- 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 41.90x to 5.35x 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¥117.18 | x |
| 2015-12-31 | CN¥3.17 | CN¥117.18 | x |
| 2016-12-31 | CN¥3.43 | CN¥117.18 | x |
| 2017-12-31 | CN¥4.83 | CN¥117.18 | x |
| 2018-12-31 | CN¥8.83 | CN¥117.18 | x |
| 2019-12-31 | CN¥10.76 | CN¥117.18 | x |
| 2020-12-31 | CN¥16.01 | CN¥117.18 | x |
| 2021-12-31 | CN¥17.67 | CN¥117.18 | x |
| 2022-12-31 | CN¥18.69 | CN¥117.18 | x |
| 2023-12-31 | CN¥20.92 | CN¥117.18 | x |
| 2024-12-31 | CN¥21.89 | CN¥117.18 | 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): 2.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.62%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.66x
- Recent ROE (2.15%) is below the historical average (15.12%), 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 | 17.55% | 18.71% | 0.63x | 1.49x | CN¥259.53 Million |
| 2019 | 17.56% | 16.53% | 0.68x | 1.57x | CN¥326.80 Million |
| 2020 | 12.43% | 14.83% | 0.57x | 1.48x | 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 |
Industry Comparison
This section compares Sangfor Technologies Inc Class A's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $3,019,839,616
- Average return on equity (ROE) among peers: 0.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sangfor Technologies Inc Class A (300454) | CN¥9.21 Billion | 23.95% | 0.62x | $7.23 Billion |
| ZTE Corp (000063) | $12.89 Billion | 9.72% | 2.04x | $21.63 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $1.26 Billion | 4.41% | 1.07x | $2.38 Billion |
| Addsino Co Ltd (000547) | $1.76 Billion | 6.83% | 0.47x | $5.75 Billion |
| Sichuan Huiyuan Optical Com (000586) | $301.15 Million | 8.68% | 0.71x | $501.31 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $2.31 Billion | 12.98% | 1.49x | $417.18 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.95 Billion | 4.92% | 0.86x | $1.90 Billion |
| Skyworth Digital Co Ltd (000810) | $4.31 Billion | 8.91% | 1.38x | $2.14 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $2.15 Billion | 1.16% | 0.67x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $377.97 Million | -53.76% | 1.52x | $1.11 Billion |
| Sunwave Communications Co Ltd (002115) | $1.89 Billion | 2.50% | 1.29x | $1.71 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