Shenzhen Minkave Technology Co Ltd (300506) - Net Assets

Latest as of March 2026: CN¥1.37 Billion CNY ≈ $200.00 Million USD

Based on the latest financial reports, Shenzhen Minkave Technology Co Ltd (300506) has net assets worth CN¥1.37 Billion CNY (≈ $200.00 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¥1.52 Billion ≈ $222.33 Million USD) and total liabilities (CN¥152.59 Million ≈ $22.33 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 tangible equity quality of Shenzhen Minkave Technology Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.37 Billion
% of Total Assets	89.96%
Annual Growth Rate	26.34%
5-Year Change	31.07%
10-Year Change	133.37%
Growth Volatility	342.13

Shenzhen Minkave Technology Co Ltd - Net Assets Trend (2011–2025)

This chart illustrates how Shenzhen Minkave Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Shenzhen Minkave Technology Co Ltd to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shenzhen Minkave Technology Co Ltd (2011–2025)

The table below shows the annual net assets of Shenzhen Minkave Technology Co Ltd from 2011 to 2025. For live valuation and market cap data, see market value of Shenzhen Minkave Technology Co Ltd.

Year	Net Assets	Change
2025-12-31	CN¥1.38 Billion ≈ $201.88 Million	+1325.91%
2024-12-31	CN¥96.75 Million ≈ $14.16 Million	-33.29%
2023-12-31	CN¥145.04 Million ≈ $21.22 Million	-72.17%
2022-12-31	CN¥521.06 Million ≈ $76.25 Million	-50.50%
2021-12-31	CN¥1.05 Billion ≈ $154.03 Million	-27.91%
2020-12-31	CN¥1.46 Billion ≈ $213.66 Million	-31.50%
2019-12-31	CN¥2.13 Billion ≈ $311.90 Million	+8.60%
2018-12-31	CN¥1.96 Billion ≈ $287.20 Million	+166.89%
2017-12-31	CN¥735.41 Million ≈ $107.61 Million	+24.40%
2016-12-31	CN¥591.17 Million ≈ $86.51 Million	+115.14%
2015-12-31	CN¥274.79 Million ≈ $40.21 Million	+22.08%
2014-12-31	CN¥225.08 Million ≈ $32.94 Million	+26.86%
2013-12-31	CN¥177.42 Million ≈ $25.96 Million	+35.00%
2012-12-31	CN¥131.42 Million ≈ $19.23 Million	+151.63%
2011-12-31	CN¥52.23 Million ≈ $7.64 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Minkave 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 decreased by 5020.8% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥2.93 Billion	212.13%
Total Equity	CN¥1.38 Billion	100.00%

Shenzhen Minkave Technology Co Ltd Competitors by Market Cap

The table below lists competitors of Shenzhen Minkave Technology Co Ltd ranked by their market capitalization.

Company	Market Cap
Inrom Construction Industries Ltd TA:INRM	$1.02 Billion
Guomai Technologies Inc SHE:002093	$1.02 Billion
East China Engineering Science and Technology Co Ltd SHE:002140	$1.02 Billion
POSCO-Thainox Public Company Limited BK:INOX	$1.02 Billion
Bank Tabungan Negara Persero JK:BBTN	$1.02 Billion
Shenzhen Liande Automatic Equipment Co Ltd SHE:300545	$1.02 Billion
Shanghai Diesel Engine Co Ltd A SHG:600841	$1.02 Billion
DFDS A/S CO:DFDS	$1.02 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenzhen Minkave Technology Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 96,440,102 to 1,379,382,666, a change of 1,282,942,564 (1330.3%).
Net loss of 67,574,213 reduced equity.
Dividend payments of 1,376,827 reduced retained earnings.
Other factors increased equity by 1,351,893,605.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-67.57 Million	-4.9%
Dividends Paid	CN¥1.38 Million	-0.1%
Other Changes	CN¥1.35 Billion	+98.01%
Total Change	CN¥-	1330.30%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Minkave 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: 5.05x
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 increased from 3.79x to 5.05x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	CN¥1.29	CN¥4.89	x
2018-12-31	CN¥2.87	CN¥4.89	x
2019-12-31	CN¥3.07	CN¥4.89	x
2020-12-31	CN¥2.03	CN¥4.89	x
2021-12-31	CN¥1.51	CN¥4.89	x
2022-12-31	CN¥0.75	CN¥4.89	x
2023-12-31	CN¥0.21	CN¥4.89	x
2024-12-31	CN¥0.14	CN¥4.89	x
2025-12-31	CN¥0.97	CN¥4.89	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Minkave 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): -4.90%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -37.58%
• Asset Turnover: 0.11x
• Equity Multiplier: 1.14x
Recent ROE (-4.90%) is above the historical average (-44.24%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	18.09%	20.08%	0.43x	2.12x	CN¥22.23 Million
2016	17.01%	24.18%	0.45x	1.57x	CN¥41.42 Million
2017	23.63%	25.46%	0.42x	2.19x	CN¥100.18 Million
2018	16.80%	24.16%	0.38x	1.82x	CN¥127.80 Million
2019	7.36%	11.81%	0.31x	2.03x	CN¥-53.13 Million
2020	-26.26%	-68.23%	0.17x	2.29x	CN¥-483.19 Million
2021	-50.08%	-95.04%	0.24x	2.15x	CN¥-632.09 Million
2022	-91.23%	-386.02%	0.08x	2.84x	CN¥-526.97 Million
2023	-261.24%	-464.05%	0.08x	6.75x	CN¥-390.88 Million
2024	-135.79%	-112.03%	0.15x	8.22x	CN¥-140.60 Million
2025	-4.90%	-37.58%	0.11x	1.14x	CN¥-205.51 Million

Industry Comparison

This section compares Shenzhen Minkave Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

Industry: Electrical Equipment & Parts
Average net assets among peers: $1,962,958,871
Average return on equity (ROE) among peers: 10.16%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Minkave Technology Co Ltd (300506)	CN¥1.37 Billion	18.09%	0.11x	$1.02 Billion
XJ Electric Co Ltd (000400)	$769.50 Million	13.66%	0.29x	$3.41 Billion
Guangdong Macro Co Ltd (000533)	$656.70 Million	10.00%	3.24x	$1.05 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.39 Billion	11.14%	0.11x	$908.69 Million
Dongfang Electronics Co Ltd (000682)	$1.32 Billion	0.16%	0.16x	$2.52 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.57 Billion	1.54%	1.62x	$742.84 Million
Huagong Tech Co Ltd (000988)	$684.66 Million	5.90%	0.54x	$26.12 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.38 Billion	9.72%	0.89x	$1.44 Billion
Sieyuan Electric Co Ltd (002028)	$10.67 Billion	14.62%	0.76x	$21.78 Billion
Shanghai Welltech Automation Co Ltd (002058)	$102.42 Million	12.86%	0.78x	$468.31 Million
Gotion High tech Co Ltd (002074)	$87.88 Million	21.99%	1.03x	$7.89 Billion

About Shenzhen Minkave Technology Co Ltd

SHE:300506 China Electrical Equipment & Parts

Market Cap

$1.02 Billion

CN¥6.97 Billion CNY

Market Cap Rank

#8992 Global

#2272 in China

Share Price

CN¥4.89

Change (1 day)

+0.62%

52-Week Range

CN¥3.77 - CN¥5.56

All Time High

CN¥33.99