NOVA Technology Corporation Limited Net Assets
NOVA Technology Corporation Limited net assets. Based on the latest financial reports, NOVA Technology Corporation Limited (300921) has net assets worth CN¥809.36 Million CNY (≈ $118.44 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥949.46 Million ≈ $138.94 Million USD) and total liabilities (CN¥140.10 Million ≈ $20.50 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. Also explore NOVA Technology Corporation Limited annual equity growth to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥809.36 Million |
| % of Total Assets | 85.24% |
| Annual Growth Rate | 32.17% |
| 5-Year Change | 0.93% |
| 10-Year Change | N/A |
| Growth Volatility | 119.87 |
Net Assets of NOVA Technology Corporation Limited (2019–2024)
Net assets of NOVA Technology Corporation Limited from 2019 to 2024. This chart illustrates how NOVA Technology Corporation Limited's net assets have evolved over time, based on quarterly financial data. See 300921 net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for NOVA Technology Corporation Limited (2019–2024)
The table below shows the annual net assets of NOVA Technology Corporation Limited from 2019 to 2024. For live market cap and overall valuation, see market value of NOVA Technology Corporation Limited.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥812.59 Million ≈ $118.91 Million |
-1.19% |
| 2023-12-31 | CN¥822.40 Million ≈ $120.34 Million |
-0.52% |
| 2022-12-31 | CN¥826.73 Million ≈ $120.98 Million |
+1.70% |
| 2021-12-31 | CN¥812.93 Million ≈ $118.96 Million |
+0.97% |
| 2020-12-31 | CN¥805.10 Million ≈ $117.81 Million |
+299.91% |
| 2019-12-31 | CN¥201.32 Million ≈ $29.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to NOVA Technology Corporation Limited'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 75.7% over the analyzed period, indicating profitable operations and earnings retention.
NOVA Technology Corporation Limited Net Assets Breakdown (December 2024)
NOVA Technology Corporation Limited net assets breakdown by equity component as of December 2024.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥196.17 Million | 23.94% |
| Other Components | CN¥623.16 Million | 76.06% |
| Total Equity | CN¥819.33 Million | 100.00% |
NOVA Technology Corporation Limited Competitors by Market Cap
The table below lists competitors of NOVA Technology Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
indie Semiconductor Inc
NASDAQ:INDI
|
$346.51 Million |
|
Contango ORE Inc
NYSE MKT:CTGO
|
$346.52 Million |
|
Plasson Indus
TA:PLSN
|
$346.59 Million |
|
Qinhuangdao Tianqin Equipment Manufacturing Co.Ltd.
SHE:300922
|
$346.62 Million |
|
FMS Enterprises Migun Ltd
TA:FBRT
|
$346.35 Million |
|
Shandong Huifa Foodstuff Co
SHG:603536
|
$346.34 Million |
|
Hubei Xiangyuan New Material Technology Inc.
SHE:300980
|
$346.28 Million |
|
Locaweb Serviços de Internet S.A.
SA:LWSA3
|
$346.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in NOVA Technology Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 828,227,656 to 819,326,678, a change of -8,900,979 (-1.1%).
- Net income of 18,303,032 contributed positively to equity growth.
- Dividend payments of 27,680,103 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥18.30 Million | +2.23% |
| Dividends Paid | CN¥27.68 Million | -3.38% |
| Other Changes | CN¥476.09K | +0.06% |
| Total Change | CN¥- | -1.07% |
Book Value vs Market Value Analysis
This analysis compares NOVA Technology Corporation Limited'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: 2.90x
- 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 6.30x to 2.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥2.05 | CN¥12.88 | x |
| 2020-12-31 | CN¥6.13 | CN¥12.88 | x |
| 2021-12-31 | CN¥4.41 | CN¥12.88 | x |
| 2022-12-31 | CN¥4.50 | CN¥12.88 | x |
| 2023-12-31 | CN¥4.50 | CN¥12.88 | x |
| 2024-12-31 | CN¥4.44 | CN¥12.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently NOVA Technology Corporation Limited 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): 2.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.04%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 1.16x
- Recent ROE (2.23%) is below the historical average (11.09%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 35.71% | 14.32% | 1.78x | 1.40x | CN¥51.77 Million |
| 2020 | 9.45% | 15.37% | 0.54x | 1.14x | CN¥-4.45 Million |
| 2021 | 7.72% | 10.89% | 0.62x | 1.14x | CN¥-18.54 Million |
| 2022 | 6.91% | 10.10% | 0.59x | 1.17x | CN¥-25.63 Million |
| 2023 | 4.53% | 6.22% | 0.62x | 1.18x | CN¥-45.30 Million |
| 2024 | 2.23% | 3.04% | 0.63x | 1.16x | CN¥-63.63 Million |
Industry Comparison
This section compares NOVA Technology Corporation Limited's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,449,008,701
- Average return on equity (ROE) among peers: -3.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| NOVA Technology Corporation Limited (300921) | CN¥809.36 Million | 35.71% | 0.17x | $346.41 Million |
| Beijing Bewinner Communications Co Ltd (002148) | $1.24 Billion | 2.11% | 0.12x | $480.77 Million |
| Net263 Ltd (002467) | $1.93 Billion | -13.24% | 0.20x | $903.66 Million |
| Runjian Communication Co Ltd Class A (002929) | $2.92 Billion | 7.89% | 0.69x | $2.17 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $324.37 Million | -46.27% | 1.96x | $362.58 Million |
| Dingli Communications Corp Ltd (300050) | $2.80 Billion | 4.00% | 0.26x | $479.17 Million |
| Fuchun Technology Co Ltd (300299) | $576.65 Million | 7.03% | 0.79x | $620.22 Million |
| Zhong Fu Tong Co Ltd (300560) | $483.47 Million | 8.07% | 0.22x | $400.74 Million |
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | $1.59 Billion | -2.20% | 0.17x | $1.14 Billion |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $1.18 Billion | 2.58% | 0.22x | $760.78 Million |
About NOVA Technology Corporation Limited
NOVA Technology Corporation Limited provides network and security solutions in China and internationally. The company provides cybersecurity, networking, computing, and digital engineering services for the retail, healthcare, automobile, financial services, and manufacturing industries. NOVA Technology Corporation Limited was founded in 1996 and is headquartered in Shenzhen, China.