Thunder Software Technology Co Ltd (300496) - Net Assets
Based on the latest financial reports, Thunder Software Technology Co Ltd (300496) has net assets worth CN¥10.42 Billion CNY (≈ $1.52 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¥13.19 Billion ≈ $1.93 Billion USD) and total liabilities (CN¥2.78 Billion ≈ $406.68 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 asset resilience ratio of Thunder Software Technology Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.42 Billion |
| % of Total Assets | 78.94% |
| Annual Growth Rate | 40.86% |
| 5-Year Change | 130.19% |
| 10-Year Change | 936.53% |
| Growth Volatility | 51.02 |
Thunder Software Technology Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Thunder Software Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Thunder Software Technology Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Thunder Software Technology Co Ltd (2011–2024)
The table below shows the annual net assets of Thunder Software Technology Co Ltd from 2011 to 2024. For live valuation and market cap data, see Thunder Software Technology Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.10 Billion ≈ $1.48 Billion |
+3.52% |
| 2023-12-31 | CN¥9.76 Billion ≈ $1.43 Billion |
+4.78% |
| 2022-12-31 | CN¥9.31 Billion ≈ $1.36 Billion |
+76.95% |
| 2021-12-31 | CN¥5.26 Billion ≈ $769.92 Million |
+19.93% |
| 2020-12-31 | CN¥4.39 Billion ≈ $641.97 Million |
+122.79% |
| 2019-12-31 | CN¥1.97 Billion ≈ $288.16 Million |
+26.90% |
| 2018-12-31 | CN¥1.55 Billion ≈ $227.07 Million |
+18.75% |
| 2017-12-31 | CN¥1.31 Billion ≈ $191.21 Million |
+17.58% |
| 2016-12-31 | CN¥1.11 Billion ≈ $162.62 Million |
+14.07% |
| 2015-12-31 | CN¥974.27 Million ≈ $142.57 Million |
+186.49% |
| 2014-12-31 | CN¥340.07 Million ≈ $49.76 Million |
+33.59% |
| 2013-12-31 | CN¥254.56 Million ≈ $37.25 Million |
+45.39% |
| 2012-12-31 | CN¥175.09 Million ≈ $25.62 Million |
+49.09% |
| 2011-12-31 | CN¥117.44 Million ≈ $17.19 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Thunder Software Technology Co 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 grown by 32664.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.82 Billion | 28.81% |
| Common Stock | CN¥460.01 Million | 4.71% |
| Other Comprehensive Income | CN¥555.48 Million | 5.68% |
| Other Components | CN¥5.94 Billion | 60.80% |
| Total Equity | CN¥9.77 Billion | 100.00% |
Thunder Software Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Thunder Software Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Capital Financial Indonesia Tbk PT
JK:CASA
|
$4.31 Billion |
|
Kodiak Gas Services, Inc.
NYSE:KGS
|
$4.31 Billion |
|
Bright Horizons Family Solutions Inc
NYSE:BFAM
|
$4.31 Billion |
|
Atour Lifestyle Holdings Limited American Depositary Shares
NASDAQ:ATAT
|
$4.31 Billion |
|
Zhejiang Taotao Vehicles Co. Ltd. A
SHE:301345
|
$4.31 Billion |
|
Pepkor Holdings Ltd
JSE:PPH
|
$4.31 Billion |
|
Zhejiang JIULI Hi-tech Metals Co Ltd
SHE:002318
|
$4.31 Billion |
|
Hafnia Ltd
OL:HAFNI
|
$4.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Thunder Software Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,562,534,492 to 9,773,332,362, a change of 210,797,870 (2.2%).
- Net income of 407,457,249 contributed positively to equity growth.
- Dividend payments of 171,740,760 reduced retained earnings.
- Share repurchases of 33,470,263 reduced equity.
- Other comprehensive income decreased equity by 95,459,732.
- Other factors increased equity by 104,011,376.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥407.46 Million | +4.17% |
| Dividends Paid | CN¥171.74 Million | -1.76% |
| Share Repurchases | CN¥33.47 Million | -0.34% |
| Other Comprehensive Income | CN¥-95.46 Million | -0.98% |
| Other Changes | CN¥104.01 Million | +1.06% |
| Total Change | CN¥- | 2.20% |
Book Value vs Market Value Analysis
This analysis compares Thunder Software Technology Co 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: 3.02x
- 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 159.54x to 3.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.40 | CN¥63.91 | x |
| 2012-12-31 | CN¥0.60 | CN¥63.91 | x |
| 2013-12-31 | CN¥0.87 | CN¥63.91 | x |
| 2014-12-31 | CN¥1.16 | CN¥63.91 | x |
| 2015-12-31 | CN¥3.31 | CN¥63.91 | x |
| 2016-12-31 | CN¥2.75 | CN¥63.91 | x |
| 2017-12-31 | CN¥3.11 | CN¥63.91 | x |
| 2018-12-31 | CN¥3.70 | CN¥63.91 | x |
| 2019-12-31 | CN¥4.75 | CN¥63.91 | x |
| 2020-12-31 | CN¥10.41 | CN¥63.91 | x |
| 2021-12-31 | CN¥12.04 | CN¥63.91 | x |
| 2022-12-31 | CN¥20.72 | CN¥63.91 | x |
| 2023-12-31 | CN¥20.83 | CN¥63.91 | x |
| 2024-12-31 | CN¥21.19 | CN¥63.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Thunder Software Technology Co 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): 4.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.57%
- • Asset Turnover: 0.43x
- • Equity Multiplier: 1.28x
- Recent ROE (4.17%) is below the historical average (14.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 5.56% | 6.14% | 0.72x | 1.26x | CN¥-5.22 Million |
| 2012 | 30.71% | 21.33% | 1.16x | 1.24x | CN¥36.26 Million |
| 2013 | 37.98% | 28.75% | 1.13x | 1.17x | CN¥71.22 Million |
| 2014 | 33.03% | 24.84% | 1.07x | 1.24x | CN¥78.30 Million |
| 2015 | 12.02% | 18.95% | 0.51x | 1.23x | CN¥19.63 Million |
| 2016 | 10.91% | 14.19% | 0.44x | 1.73x | CN¥9.99 Million |
| 2017 | 6.23% | 6.71% | 0.44x | 2.12x | CN¥-47.22 Million |
| 2018 | 11.00% | 11.22% | 0.56x | 1.74x | CN¥14.93 Million |
| 2019 | 12.40% | 13.01% | 0.65x | 1.48x | CN¥46.04 Million |
| 2020 | 10.25% | 16.88% | 0.47x | 1.28x | CN¥10.79 Million |
| 2021 | 12.47% | 15.68% | 0.57x | 1.40x | CN¥128.40 Million |
| 2022 | 8.48% | 14.12% | 0.51x | 1.18x | CN¥-137.89 Million |
| 2023 | 4.88% | 8.89% | 0.46x | 1.20x | CN¥-490.07 Million |
| 2024 | 4.17% | 7.57% | 0.43x | 1.28x | CN¥-569.88 Million |
Industry Comparison
This section compares Thunder Software Technology Co Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $2,574,625,840
- Average return on equity (ROE) among peers: 9.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Thunder Software Technology Co Ltd (300496) | CN¥10.42 Billion | 5.56% | 0.27x | $4.31 Billion |
| Digital China Information Service Co Ltd (000555) | $139.31 Million | -4.65% | 0.18x | $1.96 Billion |
| Fujian Newland Computer Co Ltd (000997) | $6.43 Billion | 7.07% | 0.84x | $2.95 Billion |
| YGSOFT Inc (002063) | $1.66 Billion | 20.55% | 0.10x | $1.76 Billion |
| Dhc Software Co Ltd (002065) | $1.57 Billion | 20.17% | 0.51x | $3.86 Billion |
| Zhejiang Netsun Co Ltd (002095) | $350.09 Million | 12.04% | 0.13x | $597.98 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $2.29 Billion | 3.31% | 0.92x | $1.12 Billion |
| Beijing Shiji Information Technology Co Ltd (002153) | $1.33 Billion | 22.18% | 0.15x | $4.03 Billion |
| Shanghai 2345 Network Holding Group (002195) | $9.41 Billion | 2.25% | 0.05x | $7.14 Billion |
| Iflytek Co Ltd (002230) | $1.19 Billion | 11.18% | 0.21x | $16.17 Billion |
| Qiming Information Technology Co Ltd (002232) | $1.38 Billion | 5.29% | 0.61x | $1.06 Billion |
About Thunder Software Technology Co Ltd
Thunder Software Technology Co.,Ltd. provides operating-system products in China, Europe, the United States, Japan, and internationally. The company offers smart robotics solutions; EBX Edge AI stations for factory safety, smart grid, smart building, V2X, and smart retail applications; IoT Harbor, an edge management platform that integrates device management, application upgrades, rule engine, da… Read more