Xdc Industries Shenzhen Ltd (300615) - Net Assets
Based on the latest financial reports, Xdc Industries Shenzhen Ltd (300615) has net assets worth CN¥440.29 Million CNY (≈ $64.43 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¥860.53 Million ≈ $125.92 Million USD) and total liabilities (CN¥420.24 Million ≈ $61.49 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 Xdc Industries Shenzhen Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥440.29 Million |
| % of Total Assets | 51.17% |
| Annual Growth Rate | 17.46% |
| 5-Year Change | -0.87% |
| 10-Year Change | 129.61% |
| Growth Volatility | 33.32 |
Xdc Industries Shenzhen Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Xdc Industries Shenzhen Ltd's net assets have evolved over time, based on quarterly financial data. See 300615 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Xdc Industries Shenzhen Ltd (2011–2025)
The table below shows the annual net assets of Xdc Industries Shenzhen Ltd from 2011 to 2025. For live valuation and market cap data, see Xdc Industries Shenzhen Ltd (300615) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥483.00 Million ≈ $70.68 Million |
-8.38% |
| 2024-12-31 | CN¥527.19 Million ≈ $77.14 Million |
-2.44% |
| 2023-12-31 | CN¥540.35 Million ≈ $79.07 Million |
-3.40% |
| 2022-12-31 | CN¥559.36 Million ≈ $81.85 Million |
+14.80% |
| 2021-12-31 | CN¥487.25 Million ≈ $71.30 Million |
+1.51% |
| 2020-12-31 | CN¥480.02 Million ≈ $70.24 Million |
+0.81% |
| 2019-12-31 | CN¥476.16 Million ≈ $69.68 Million |
+1.73% |
| 2018-12-31 | CN¥468.06 Million ≈ $68.49 Million |
+3.41% |
| 2017-12-31 | CN¥452.62 Million ≈ $66.23 Million |
+115.17% |
| 2016-12-31 | CN¥210.35 Million ≈ $30.78 Million |
+18.84% |
| 2015-12-31 | CN¥177.01 Million ≈ $25.90 Million |
+8.17% |
| 2014-12-31 | CN¥163.64 Million ≈ $23.95 Million |
+26.83% |
| 2013-12-31 | CN¥129.02 Million ≈ $18.88 Million |
+58.30% |
| 2012-12-31 | CN¥81.51 Million ≈ $11.93 Million |
+60.60% |
| 2011-12-31 | CN¥50.75 Million ≈ $7.43 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Xdc Industries Shenzhen 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 238.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥126.69 Million | 25.07% |
| Other Components | CN¥378.73 Million | 74.93% |
| Total Equity | CN¥505.42 Million | 100.00% |
Xdc Industries Shenzhen Ltd Competitors by Market Cap
The table below lists competitors of Xdc Industries Shenzhen Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangzhou Jointas Chemical Joint Stock Co Ltd
SHE:002909
|
$304.75 Million |
|
Antipa Minerals Ltd
AU:AZY
|
$304.78 Million |
|
Xinjiang Tianshan Animal Husbandry Bio-engineering Co Ltd
SHE:300313
|
$304.91 Million |
|
MBIA Inc
NYSE:MBI
|
$304.98 Million |
|
Eugene Inv&Sec
KO:001200
|
$304.66 Million |
|
Leysen Jewellery Inc
SHG:603900
|
$304.63 Million |
|
Ioneer Ltd
AU:INR
|
$304.57 Million |
|
Hubei Forbon Technology Co Ltd
SHE:300387
|
$304.55 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xdc Industries Shenzhen Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 527,192,664 to 505,421,343, a change of -21,771,321 (-4.1%).
- Net loss of 8,648,843 reduced equity.
- Dividend payments of 11,116,821 reduced retained earnings.
- Other comprehensive income decreased equity by 3,550,116.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-8.65 Million | -1.71% |
| Dividends Paid | CN¥11.12 Million | -2.2% |
| Other Comprehensive Income | CN¥-3.55 Million | -0.7% |
| Other Changes | CN¥1.54 Million | +0.31% |
| Total Change | CN¥- | -4.13% |
Book Value vs Market Value Analysis
This analysis compares Xdc Industries Shenzhen 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: 4.13x
- 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 29.42x to 4.13x 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¥0.37 | CN¥10.79 | x |
| 2012-12-31 | CN¥0.58 | CN¥10.79 | x |
| 2013-12-31 | CN¥0.91 | CN¥10.79 | x |
| 2014-12-31 | CN¥1.16 | CN¥10.79 | x |
| 2015-12-31 | CN¥1.26 | CN¥10.79 | x |
| 2016-12-31 | CN¥1.50 | CN¥10.79 | x |
| 2017-12-31 | CN¥2.54 | CN¥10.79 | x |
| 2018-12-31 | CN¥2.40 | CN¥10.79 | x |
| 2019-12-31 | CN¥2.50 | CN¥10.79 | x |
| 2020-12-31 | CN¥2.60 | CN¥10.79 | x |
| 2021-12-31 | CN¥2.80 | CN¥10.79 | x |
| 2022-12-31 | CN¥2.95 | CN¥10.79 | x |
| 2023-12-31 | CN¥2.78 | CN¥10.79 | x |
| 2024-12-31 | CN¥2.88 | CN¥10.79 | x |
| 2025-12-31 | CN¥2.62 | CN¥10.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xdc Industries Shenzhen 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): -1.71%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.83%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.75x
- Recent ROE (-1.71%) is below the historical average (18.97%), 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 | 53.61% | 28.28% | 1.07x | 1.78x | CN¥22.13 Million |
| 2012 | 49.75% | 30.09% | 1.00x | 1.66x | CN¥32.12 Million |
| 2013 | 41.06% | 30.86% | 0.77x | 1.72x | CN¥39.53 Million |
| 2014 | 51.92% | 31.65% | 1.00x | 1.64x | CN¥68.07 Million |
| 2015 | 29.90% | 25.45% | 0.82x | 1.44x | CN¥35.05 Million |
| 2016 | 27.37% | 23.84% | 0.74x | 1.54x | CN¥36.43 Million |
| 2017 | 6.95% | 13.53% | 0.45x | 1.15x | CN¥-13.79 Million |
| 2018 | 3.33% | 6.57% | 0.43x | 1.17x | CN¥-31.23 Million |
| 2019 | 3.60% | 7.48% | 0.42x | 1.14x | CN¥-30.47 Million |
| 2020 | 1.15% | 2.45% | 0.40x | 1.17x | CN¥-42.31 Million |
| 2021 | 1.43% | 2.50% | 0.47x | 1.21x | CN¥-41.59 Million |
| 2022 | 8.48% | 9.00% | 0.58x | 1.63x | CN¥-8.34 Million |
| 2023 | 11.17% | 9.79% | 0.88x | 1.29x | CN¥6.30 Million |
| 2024 | -3.48% | -6.61% | 0.42x | 1.24x | CN¥-71.05 Million |
| 2025 | -1.71% | -1.83% | 0.54x | 1.75x | CN¥-59.19 Million |
Industry Comparison
This section compares Xdc Industries Shenzhen Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $10,431,520,778
- Average return on equity (ROE) among peers: 3.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xdc Industries Shenzhen Ltd (300615) | CN¥440.29 Million | 53.61% | 0.95x | $304.71 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $412.50 Million | -16.79% | 0.29x | $314.68 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $464.21 Million | 30.94% | 3.01x | $1.37 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $195.81 Million | -19.00% | 2.02x | $505.27 Million |
| CPT Technology Group Co Ltd (000536) | $3.17 Billion | 11.02% | 0.49x | $1.56 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $4.57 Billion | 3.04% | 0.46x | $12.54 Billion |
| Xiamen Xindeco Ltd (000701) | $3.04 Billion | 0.36% | 4.90x | $477.65 Million |
| BOE Technology Group Co Ltd (000725) | $76.96 Billion | 3.33% | 0.77x | $35.69 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $3.57 Billion | 3.61% | 0.48x | $4.71 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $7.81 Billion | 3.52% | 0.44x | $2.54 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $4.12 Billion | 10.53% | 0.57x | $4.23 Billion |
About Xdc Industries Shenzhen Ltd
XDC Industries (Shenzhen) Limited, together with its subsidiaries, engages in the research, development, production, and sale of radio frequency devices, new energy structural components, and medical structural components for the mobile communication industry in China and internationally. The company offers RF front-end products comprising filters, diplexers, combiners, and mimo antennas; RF and … Read more