Shenzhen Friendcom Technology Development Co Ltd (300514) - Net Assets
Based on the latest financial reports, Shenzhen Friendcom Technology Development Co Ltd (300514) has net assets worth CN¥1.06 Billion CNY (≈ $154.63 Million 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¥1.46 Billion ≈ $213.81 Million USD) and total liabilities (CN¥404.45 Million ≈ $59.18 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 Shenzhen Friendcom Technology Developmen asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.06 Billion |
| % of Total Assets | 72.32% |
| Annual Growth Rate | 23.68% |
| 5-Year Change | 74.92% |
| 10-Year Change | 431.95% |
| Growth Volatility | 27.54 |
Shenzhen Friendcom Technology Development Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Shenzhen Friendcom Technology Development Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shenzhen Friendcom Technology Developmen for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Friendcom Technology Development Co Ltd (2012–2024)
The table below shows the annual net assets of Shenzhen Friendcom Technology Development Co Ltd from 2012 to 2024. For live valuation and market cap data, see Shenzhen Friendcom Technology Developmen market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.04 Billion ≈ $152.42 Million |
+17.88% |
| 2023-12-31 | CN¥883.62 Million ≈ $129.30 Million |
+22.41% |
| 2022-12-31 | CN¥721.86 Million ≈ $105.63 Million |
+12.22% |
| 2021-12-31 | CN¥643.24 Million ≈ $94.13 Million |
+8.02% |
| 2020-12-31 | CN¥595.46 Million ≈ $87.14 Million |
+4.12% |
| 2019-12-31 | CN¥571.90 Million ≈ $83.69 Million |
+8.18% |
| 2018-12-31 | CN¥528.68 Million ≈ $77.36 Million |
+8.75% |
| 2017-12-31 | CN¥486.15 Million ≈ $71.14 Million |
+109.53% |
| 2016-12-31 | CN¥232.03 Million ≈ $33.95 Million |
+18.50% |
| 2015-12-31 | CN¥195.81 Million ≈ $28.65 Million |
+24.76% |
| 2014-12-31 | CN¥156.95 Million ≈ $22.97 Million |
+43.58% |
| 2013-12-31 | CN¥109.31 Million ≈ $16.00 Million |
+34.38% |
| 2012-12-31 | CN¥81.34 Million ≈ $11.90 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Friendcom Technology Development 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 2205.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥631.91 Million | 60.67% |
| Common Stock | CN¥200.00 Million | 19.20% |
| Other Comprehensive Income | CN¥97.34 Million | 9.35% |
| Other Components | CN¥112.35 Million | 10.79% |
| Total Equity | CN¥1.04 Billion | 100.00% |
Shenzhen Friendcom Technology Development Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Friendcom Technology Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vadilal Industries Limited
NSE:VADILALIND
|
$365.08 Million |
|
Beijing Infosec Technologies Co. Ltd. A
SHG:688201
|
$365.24 Million |
|
Galata Wind Enerji Anonim Sirket
IS:GWIND
|
$365.26 Million |
|
Hangzhou Hopechart Iot Technology
SHG:688288
|
$365.29 Million |
|
Guangzhou Seagull Kitchen And Bath Products Co Ltd
SHE:002084
|
$364.92 Million |
|
Lingnan Landscape Co Ltd
SHE:002717
|
$364.91 Million |
|
Eurocharm Holdings Co Ltd
TW:5288
|
$364.68 Million |
|
Jiangsu Safety Wire Rope
SHG:603028
|
$364.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Friendcom Technology Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 883,615,525 to 1,041,593,161, a change of 157,977,636 (17.9%).
- Net income of 198,168,297 contributed positively to equity growth.
- Dividend payments of 40,000,000 reduced retained earnings.
- Other comprehensive income increased equity by 97,102,523.
- Other factors decreased equity by 97,293,184.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥198.17 Million | +19.03% |
| Dividends Paid | CN¥40.00 Million | -3.84% |
| Other Comprehensive Income | CN¥97.10 Million | +9.32% |
| Other Changes | CN¥-97.29 Million | -9.34% |
| Total Change | CN¥- | 17.88% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Friendcom Technology Development 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: 2.39x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 22.13x to 2.39x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.56 | CN¥12.47 | x |
| 2013-12-31 | CN¥0.76 | CN¥12.47 | x |
| 2014-12-31 | CN¥1.09 | CN¥12.47 | x |
| 2015-12-31 | CN¥1.32 | CN¥12.47 | x |
| 2016-12-31 | CN¥1.55 | CN¥12.47 | x |
| 2017-12-31 | CN¥2.54 | CN¥12.47 | x |
| 2018-12-31 | CN¥2.64 | CN¥12.47 | x |
| 2019-12-31 | CN¥2.86 | CN¥12.47 | x |
| 2020-12-31 | CN¥2.98 | CN¥12.47 | x |
| 2021-12-31 | CN¥3.22 | CN¥12.47 | x |
| 2022-12-31 | CN¥3.61 | CN¥12.47 | x |
| 2023-12-31 | CN¥4.43 | CN¥12.47 | x |
| 2024-12-31 | CN¥5.21 | CN¥12.47 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Friendcom Technology Development 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): 19.03%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 19.62%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.40x
- Recent ROE (19.03%) is above the historical average (17.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 33.29% | 16.96% | 0.99x | 1.98x | CN¥18.94 Million |
| 2013 | 25.59% | 10.44% | 1.02x | 2.40x | CN¥17.04 Million |
| 2014 | 30.35% | 12.67% | 1.02x | 2.34x | CN¥31.94 Million |
| 2015 | 16.49% | 9.21% | 0.90x | 1.98x | CN¥12.72 Million |
| 2016 | 18.84% | 9.56% | 0.95x | 2.08x | CN¥20.52 Million |
| 2017 | 14.78% | 11.96% | 0.78x | 1.59x | CN¥23.25 Million |
| 2018 | 9.93% | 7.53% | 0.78x | 1.69x | CN¥-378.45K |
| 2019 | 9.31% | 6.82% | 0.68x | 2.01x | CN¥-3.96 Million |
| 2020 | 5.65% | 5.10% | 0.71x | 1.56x | CN¥-25.91 Million |
| 2021 | 8.95% | 6.65% | 0.76x | 1.78x | CN¥-6.76 Million |
| 2022 | 13.68% | 9.67% | 0.94x | 1.51x | CN¥26.57 Million |
| 2023 | 21.68% | 17.46% | 0.91x | 1.37x | CN¥103.23 Million |
| 2024 | 19.03% | 19.62% | 0.69x | 1.40x | CN¥94.01 Million |
Industry Comparison
This section compares Shenzhen Friendcom Technology Development Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $5,529,985,490
- Average return on equity (ROE) among peers: -0.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Friendcom Technology Development Co Ltd (300514) | CN¥1.06 Billion | 33.29% | 0.38x | $364.95 Million |
| ZTE Corp (000063) | $43.35 Billion | 8.36% | 1.79x | $21.63 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $204.52 Million | 22.76% | 2.18x | $2.38 Billion |
| Addsino Co Ltd (000547) | $459.32 Million | -8.36% | 1.39x | $5.75 Billion |
| Sichuan Huiyuan Optical Com (000586) | $262.65 Million | 0.31% | 1.13x | $501.31 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $78.54 Million | 4.37% | 0.86x | $417.18 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.80 Billion | 2.74% | 0.79x | $1.90 Billion |
| Skyworth Digital Co Ltd (000810) | $2.01 Billion | 18.94% | 0.94x | $2.14 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $2.78 Billion | 2.03% | 1.22x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $916.66 Million | -66.59% | 1.08x | $1.11 Billion |
| Sunwave Communications Co Ltd (002115) | $2.43 Billion | 5.61% | 0.88x | $1.71 Billion |
About Shenzhen Friendcom Technology Development Co Ltd
Shenzhen Friendcom Technology Development Co., Ltd. provides internet of things (IoT) solutions in China. The company offers wireless communication products, including outdoor and indoor gateway, external pulse acquisition and wireless data transmission terminal, and RF module; wireless M-bus modules; data radio series; point to point transmission module series; L-CellMesh series; 4G LTE series; … Read more