Wanma Technology Co Ltd (300698) - Net Assets

Latest as of March 2026: CN¥535.25 Million CNY ≈ $78.32 Million USD

Based on the latest financial reports, Wanma Technology Co Ltd (300698) has net assets worth CN¥535.25 Million CNY (≈ $78.32 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¥1.14 Billion ≈ $167.07 Million USD) and total liabilities (CN¥606.45 Million ≈ $88.74 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. Explore 300698 cash flow conversion to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥535.25 Million
% of Total Assets	46.88%
Annual Growth Rate	16.2%
5-Year Change	20.63%
10-Year Change	188.07%
Growth Volatility	30.87

Wanma Technology Co Ltd - Net Assets Trend (2013–2025)

This chart illustrates how Wanma Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Wanma Technology Co Ltd balance sheet assets for the complete picture of this company's asset base.

Annual Net Assets for Wanma Technology Co Ltd (2013–2025)

The table below shows the annual net assets of Wanma Technology Co Ltd from 2013 to 2025. For live valuation and market cap data, see 300698 market cap.

Year	Net Assets	Change
2025-12-31	CN¥529.19 Million ≈ $77.44 Million	+9.76%
2024-12-31	CN¥482.14 Million ≈ $70.55 Million	+2.22%
2023-12-31	CN¥471.66 Million ≈ $69.02 Million	+15.19%
2022-12-31	CN¥409.47 Million ≈ $59.92 Million	-6.66%
2021-12-31	CN¥438.69 Million ≈ $64.19 Million	+0.66%
2020-12-31	CN¥435.81 Million ≈ $63.77 Million	-1.30%
2019-12-31	CN¥441.56 Million ≈ $64.61 Million	+16.01%
2018-12-31	CN¥380.61 Million ≈ $55.69 Million	+0.28%
2017-12-31	CN¥379.53 Million ≈ $55.54 Million	+106.60%
2016-12-31	CN¥183.70 Million ≈ $26.88 Million	+25.15%
2015-12-31	CN¥146.79 Million ≈ $21.48 Million	+56.91%
2014-12-31	CN¥93.55 Million ≈ $13.69 Million	+7.15%
2013-12-31	CN¥87.31 Million ≈ $12.78 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Wanma 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 687.8% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥225.57 Million	42.63%
Other Components	CN¥303.62 Million	57.37%
Total Equity	CN¥529.19 Million	100.00%

Wanma Technology Co Ltd Competitors by Market Cap

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

Company	Market Cap
Thanh Thanh Cong Tay Ninh JSC VN:SBT	$721.48 Million
Shenzhen SDG Service Co. Ltd. SHE:300917	$721.62 Million
Shanghai Maling Aquarius Co Ltd SHG:600073	$721.77 Million
Ardmore Shpng NYSE:ASC	$721.80 Million
Riley Exploration Permian Inc NYSE MKT:REPX	$721.17 Million
Hangzhou Star Shuaier Electric Appliance Co Ltd SHE:002860	$721.13 Million
Hubei Radio and Television Information Network Co Ltd SHE:000665	$720.52 Million
Hello Group Inc NASDAQ:MOMO	$720.32 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 482,143,188 to 529,185,921, a change of 47,042,733 (9.8%).
Net income of 47,042,733 contributed positively to equity growth.
Dividend payments of 3,627,951 reduced retained earnings.
Other comprehensive income decreased equity by 10,374,624.
Other factors increased equity by 14,002,575.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥47.04 Million	+8.89%
Dividends Paid	CN¥3.63 Million	-0.69%
Other Comprehensive Income	CN¥-10.37 Million	-1.96%
Other Changes	CN¥14.00 Million	+2.65%
Total Change	CN¥-	9.76%

Book Value vs Market Value Analysis

This analysis compares Wanma 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: 9.31x
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 42.44x to 9.31x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	CN¥0.87	CN¥36.78	x
2014-12-31	CN¥0.92	CN¥36.78	x
2015-12-31	CN¥1.48	CN¥36.78	x
2016-12-31	CN¥1.84	CN¥36.78	x
2017-12-31	CN¥3.33	CN¥36.78	x
2018-12-31	CN¥2.66	CN¥36.78	x
2019-12-31	CN¥2.93	CN¥36.78	x
2020-12-31	CN¥2.83	CN¥36.78	x
2021-12-31	CN¥2.80	CN¥36.78	x
2022-12-31	CN¥3.06	CN¥36.78	x
2023-12-31	CN¥3.51	CN¥36.78	x
2024-12-31	CN¥3.62	CN¥36.78	x
2025-12-31	CN¥3.95	CN¥36.78	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Wanma 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): 8.89%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.49%
• Asset Turnover: 0.62x
• Equity Multiplier: 2.21x
Recent ROE (8.89%) is above the historical average (7.09%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	-2.64%	-1.02%	0.64x	4.04x	CN¥-11.03 Million
2014	5.45%	2.03%	0.60x	4.46x	CN¥-4.20 Million
2015	23.00%	8.89%	0.87x	2.98x	CN¥19.09 Million
2016	20.10%	9.96%	0.93x	2.18x	CN¥18.55 Million
2017	7.20%	8.01%	0.60x	1.50x	CN¥-10.61 Million
2018	1.13%	1.44%	0.47x	1.67x	CN¥-33.77 Million
2019	1.03%	0.84%	0.60x	2.02x	CN¥-34.51 Million
2020	-2.83%	-2.20%	0.63x	2.03x	CN¥-48.06 Million
2021	1.07%	0.81%	0.53x	2.47x	CN¥-33.80 Million
2022	7.51%	6.04%	0.62x	2.00x	CN¥-10.19 Million
2023	13.67%	12.38%	0.58x	1.90x	CN¥17.29 Million
2024	8.57%	7.36%	0.52x	2.26x	CN¥-6.91 Million
2025	8.89%	6.49%	0.62x	2.21x	CN¥-5.88 Million

Industry Comparison

This section compares Wanma Technology Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

Industry: Communication Equipment
Average net assets among peers: $5,320,970,514
Average return on equity (ROE) among peers: 5.67%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wanma Technology Co Ltd (300698)	CN¥535.25 Million	-2.64%	1.13x	$721.20 Million
ZTE Corp (000063)	$43.35 Billion	8.36%	1.88x	$20.52 Billion
Shenzhen SDG Information Co Ltd (000070)	$2.49 Billion	-10.95%	2.25x	$2.27 Billion
Addsino Co Ltd (000547)	$1.78 Billion	7.79%	0.60x	$4.96 Billion
Sichuan Huiyuan Optical Com (000586)	$261.12 Million	-1.11%	1.30x	$483.19 Million
PetroChina Jinhong Energy Investment Co Ltd (000669)	$103.47 Million	1.30%	1.51x	$408.22 Million
Sichuan Jiuzhou Electronic Co Ltd (000801)	$2.80 Billion	2.74%	0.79x	$1.95 Billion
Skyworth Digital Co Ltd (000810)	$460.44 Million	9.24%	1.29x	$1.98 Billion
Gohigh Data Networks Technology Co Ltd (000851)	$1.07 Billion	1.56%	0.75x	$64.38 Million
Shenzhen Coship Electronics Co Ltd (002052)	$786.42 Million	13.77%	1.77x	$1.12 Billion
Sunwave Communications Co Ltd (002115)	$112.36 Million	24.04%	1.27x	$1.50 Billion

About Wanma Technology Co Ltd

SHE:300698 China Communication Equipment

Market Cap

$721.20 Million

CN¥4.93 Billion CNY

Market Cap Rank

#10701 Global

#3043 in China

Share Price

CN¥36.78

Change (1 day)

-4.39%

52-Week Range

CN¥32.88 - CN¥52.54

All Time High

CN¥52.54