China United Network Communications Ltd Net Assets
China United Network Communications Ltd net assets. Based on the latest financial reports, China United Network Communications Ltd (600050) has net assets worth CN¥381.28 Billion CNY (≈ $55.79 Billion 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¥670.20 Billion ≈ $98.07 Billion USD) and total liabilities (CN¥288.91 Billion ≈ $42.28 Billion 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 how fast is China United Network Communications Ltd growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥381.28 Billion |
| % of Total Assets | 56.89% |
| Annual Growth Rate | 14.52% |
| 5-Year Change | 11.98% |
| 10-Year Change | 63.34% |
| Growth Volatility | 83.42 |
Net Assets of China United Network Communications Ltd (1999–2025)
Net assets of China United Network Communications Ltd from 1999 to 2025. This chart illustrates how China United Network Communications Ltd's net assets have evolved over time, based on quarterly financial data. See China United Network Communications Ltd balance sheet independence to measure how much of total assets are equity-financed.
Annual Net Assets for China United Network Communications Ltd (1999–2025)
The table below shows the annual net assets of China United Network Communications Ltd from 1999 to 2025. For live market cap and overall valuation, see market value of China United Network Communications Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥376.50 Billion ≈ $55.09 Billion |
+2.09% |
| 2024-12-31 | CN¥368.79 Billion ≈ $53.97 Billion |
+3.03% |
| 2023-12-31 | CN¥357.94 Billion ≈ $52.38 Billion |
+3.07% |
| 2022-12-31 | CN¥347.27 Billion ≈ $50.82 Billion |
+3.29% |
| 2021-12-31 | CN¥336.21 Billion ≈ $49.20 Billion |
+1.43% |
| 2020-12-31 | CN¥331.47 Billion ≈ $48.51 Billion |
+2.47% |
| 2019-12-31 | CN¥323.50 Billion ≈ $47.34 Billion |
+2.07% |
| 2018-12-31 | CN¥316.94 Billion ≈ $46.38 Billion |
+3.23% |
| 2017-12-31 | CN¥307.02 Billion ≈ $44.93 Billion |
+33.19% |
| 2016-12-31 | CN¥230.51 Billion ≈ $33.73 Billion |
-1.51% |
| 2015-12-31 | CN¥234.05 Billion ≈ $34.25 Billion |
+1.61% |
| 2014-12-31 | CN¥230.33 Billion ≈ $33.70 Billion |
+3.93% |
| 2013-12-31 | CN¥221.63 Billion ≈ $32.43 Billion |
+4.43% |
| 2012-12-31 | CN¥212.23 Billion ≈ $31.06 Billion |
+1.74% |
| 2011-12-31 | CN¥208.61 Billion ≈ $30.53 Billion |
+0.21% |
| 2010-12-31 | CN¥208.18 Billion ≈ $30.46 Billion |
-0.32% |
| 2009-12-31 | CN¥208.85 Billion ≈ $30.56 Billion |
-0.07% |
| 2008-12-31 | CN¥209.00 Billion ≈ $30.58 Billion |
+124.88% |
| 2007-12-31 | CN¥92.94 Billion ≈ $13.60 Billion |
+16.19% |
| 2006-12-31 | CN¥79.99 Billion ≈ $11.70 Billion |
+6.57% |
| 2005-12-31 | CN¥75.05 Billion ≈ $10.98 Billion |
+4.74% |
| 2004-12-31 | CN¥71.65 Billion ≈ $10.49 Billion |
+4.20% |
| 2003-12-31 | CN¥68.77 Billion ≈ $10.06 Billion |
+5.91% |
| 2002-12-31 | CN¥64.93 Billion ≈ $9.50 Billion |
+4.25% |
| 2001-12-31 | CN¥62.28 Billion ≈ $9.11 Billion |
+7.01% |
| 2000-12-31 | CN¥58.20 Billion ≈ $8.52 Billion |
+424.94% |
| 1999-12-31 | CN¥11.09 Billion ≈ $1.62 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to China United Network Communications 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 49254.2% over the analyzed period, indicating profitable operations and earnings retention.
China United Network Communications Ltd Net Assets Breakdown (December 2025)
China United Network Communications Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥60.45 Billion | 35.85% |
| Common Stock | CN¥31.26 Billion | 18.54% |
| Other Comprehensive Income | CN¥6.94 Billion | 4.12% |
| Other Components | CN¥69.94 Billion | 41.48% |
| Total Equity | CN¥168.59 Billion | 100.00% |
China United Network Communications Ltd Competitors by Market Cap
The table below lists competitors of China United Network Communications Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Canon Inc
F:CNNA
|
$20.09 Billion |
|
First Financial Holding Co Ltd
TW:2892
|
$20.14 Billion |
|
CHINA SHENHUA EN.A ADR/4
F:IKFC
|
$20.14 Billion |
|
HEICO Corporation
NYSE:HEI-A
|
$20.14 Billion |
|
BioNTech SE
F:22UA
|
$20.05 Billion |
|
China Development Financial Holding Corp
TW:2883
|
$20.02 Billion |
|
Fidelity National Information Services Inc
NYSE:FIS
|
$19.96 Billion |
|
CLP HLDGS LTD ADR/1 HD 5
F:CLP1
|
$19.96 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China United Network Communications Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 164,846,809,000 to 168,591,217,000, a change of 3,744,408,000 (2.3%).
- Net income of 9,126,663,000 contributed positively to equity growth.
- Dividend payments of 14,318,922,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,403,792,000.
- Other factors increased equity by 2,532,875,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥9.13 Billion | +5.41% |
| Dividends Paid | CN¥14.32 Billion | -8.49% |
| Other Comprehensive Income | CN¥6.40 Billion | +3.8% |
| Other Changes | CN¥2.53 Billion | +1.5% |
| Total Change | CN¥- | 2.27% |
Book Value vs Market Value Analysis
This analysis compares China United Network Communications 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: 0.81x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 21.54x to 0.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1999-12-31 | CN¥0.20 | CN¥4.39 | x |
| 2000-12-31 | CN¥1.07 | CN¥4.39 | x |
| 2001-12-31 | CN¥1.14 | CN¥4.39 | x |
| 2002-12-31 | CN¥1.73 | CN¥4.39 | x |
| 2003-12-31 | CN¥1.85 | CN¥4.39 | x |
| 2004-12-31 | CN¥2.14 | CN¥4.39 | x |
| 2005-12-31 | CN¥2.25 | CN¥4.39 | x |
| 2006-12-31 | CN¥2.38 | CN¥4.39 | x |
| 2007-12-31 | CN¥2.57 | CN¥4.39 | x |
| 2008-12-31 | CN¥3.29 | CN¥4.39 | x |
| 2009-12-31 | CN¥3.33 | CN¥4.39 | x |
| 2010-12-31 | CN¥3.32 | CN¥4.39 | x |
| 2011-12-31 | CN¥3.32 | CN¥4.39 | x |
| 2012-12-31 | CN¥3.36 | CN¥4.39 | x |
| 2013-12-31 | CN¥3.46 | CN¥4.39 | x |
| 2014-12-31 | CN¥3.57 | CN¥4.39 | x |
| 2015-12-31 | CN¥3.71 | CN¥4.39 | x |
| 2016-12-31 | CN¥3.67 | CN¥4.39 | x |
| 2017-12-31 | CN¥5.98 | CN¥4.39 | x |
| 2018-12-31 | CN¥4.53 | CN¥4.39 | x |
| 2019-12-31 | CN¥4.74 | CN¥4.39 | x |
| 2020-12-31 | CN¥4.85 | CN¥4.39 | x |
| 2021-12-31 | CN¥4.92 | CN¥4.39 | x |
| 2022-12-31 | CN¥5.08 | CN¥4.39 | x |
| 2023-12-31 | CN¥5.23 | CN¥4.39 | x |
| 2024-12-31 | CN¥5.41 | CN¥4.39 | x |
| 2025-12-31 | CN¥5.40 | CN¥4.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China United Network Communications 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): 5.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.33%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 3.98x
- Recent ROE (5.41%) is above the historical average (3.88%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1999 | 0.92% | 0.27% | 0.33x | 10.44x | CN¥-392.26 Million |
| 2000 | 6.86% | 6.89% | 0.20x | 4.99x | CN¥-711.71 Million |
| 2001 | 6.89% | 5.75% | 0.23x | 5.27x | CN¥-755.43 Million |
| 2002 | 5.37% | 5.44% | 0.24x | 4.08x | CN¥-1.70 Billion |
| 2003 | 5.93% | 3.89% | 0.40x | 3.83x | CN¥-1.60 Billion |
| 2004 | 5.44% | 3.49% | 0.49x | 3.19x | CN¥-2.07 Billion |
| 2005 | 5.97% | 3.73% | 0.55x | 2.91x | CN¥-1.92 Billion |
| 2006 | 4.20% | 2.19% | 0.68x | 2.83x | CN¥-2.92 Billion |
| 2007 | 10.35% | 5.74% | 0.68x | 2.66x | CN¥190.47 Million |
| 2008 | -8.40% | -3.70% | 0.46x | 4.94x | CN¥-12.94 Billion |
| 2009 | 4.42% | 2.04% | 0.37x | 5.91x | CN¥-3.96 Billion |
| 2010 | 1.73% | 0.72% | 0.39x | 6.26x | CN¥-5.86 Billion |
| 2011 | 1.99% | 0.68% | 0.46x | 6.46x | CN¥-5.69 Billion |
| 2012 | 3.28% | 0.92% | 0.49x | 7.17x | CN¥-4.86 Billion |
| 2013 | 4.60% | 1.13% | 0.57x | 7.10x | CN¥-4.04 Billion |
| 2014 | 5.15% | 1.38% | 0.53x | 7.07x | CN¥-3.75 Billion |
| 2015 | 4.41% | 1.25% | 0.45x | 7.82x | CN¥-4.40 Billion |
| 2016 | 0.20% | 0.06% | 0.45x | 7.95x | CN¥-7.60 Billion |
| 2017 | 0.31% | 0.15% | 0.48x | 4.24x | CN¥-13.11 Billion |
| 2018 | 2.91% | 1.40% | 0.54x | 3.87x | CN¥-9.93 Billion |
| 2019 | 3.48% | 1.71% | 0.51x | 3.94x | CN¥-9.35 Billion |
| 2020 | 3.74% | 1.82% | 0.52x | 3.94x | CN¥-9.25 Billion |
| 2021 | 4.23% | 1.92% | 0.55x | 3.98x | CN¥-8.62 Billion |
| 2022 | 4.73% | 2.06% | 0.55x | 4.18x | CN¥-8.14 Billion |
| 2023 | 5.13% | 2.19% | 0.56x | 4.16x | CN¥-7.75 Billion |
| 2024 | 5.48% | 2.32% | 0.58x | 4.08x | CN¥-7.45 Billion |
| 2025 | 5.41% | 2.33% | 0.58x | 3.98x | CN¥-7.73 Billion |
Industry Comparison
This section compares China United Network Communications Ltd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $876,291,355
- Average return on equity (ROE) among peers: 7.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China United Network Communications Ltd (600050) | CN¥381.28 Billion | 0.92% | 0.76x | $20.08 Billion |
| Beijing Bewinner Communications Co Ltd (002148) | $1.01 Billion | -1.88% | 0.09x | $452.15 Million |
| Net263 Ltd (002467) | $266.09 Million | 26.44% | 0.25x | $867.43 Million |
| Runjian Communication Co Ltd Class A (002929) | $2.63 Billion | 7.83% | 0.49x | $2.06 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $673.56 Million | 2.07% | 0.39x | $359.61 Million |
| Dingli Communications Corp Ltd (300050) | $411.77 Million | 3.76% | 0.47x | $502.29 Million |
| Fuchun Technology Co Ltd (300299) | $406.51 Million | 2.82% | 0.14x | $533.35 Million |
| Zhong Fu Tong Co Ltd (300560) | $230.82 Million | 0.00% | 0.55x | $386.28 Million |
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | $1.13 Billion | 21.95% | 0.08x | $1.06 Billion |
| NOVA Technology Corporation Limited (300921) | $812.93 Million | 7.73% | 0.15x | $331.62 Million |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $1.18 Billion | 2.58% | 0.22x | $741.49 Million |
About China United Network Communications Ltd
China United Network Communications Limited, together with its subsidiaries, provides telecommunication services in the People's Republic of China. It offers broadband and mobile data services; value-added services, including text messaging, ringback tone, personalized ringback tone, caller ID, and secretarial services; and data and other internet application services, such as internet data cente… Read more