Eastern Communications Co Ltd A (600776) - Net Assets

Latest as of September 2025: CN¥3.81 Billion CNY ≈ $556.89 Million USD

Based on the latest financial reports, Eastern Communications Co Ltd A (600776) has net assets worth CN¥3.81 Billion CNY (≈ $556.89 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¥4.75 Billion ≈ $695.17 Million USD) and total liabilities (CN¥944.95 Million ≈ $138.28 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 asset resilience ratio of Eastern Communications Co Ltd A to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.81 Billion
% of Total Assets	80.11%
Annual Growth Rate	10.26%
5-Year Change	8.96%
10-Year Change	17.38%
Growth Volatility	78.59

Eastern Communications Co Ltd A - Net Assets Trend (1993–2024)

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

Annual Net Assets for Eastern Communications Co Ltd A (1993–2024)

The table below shows the annual net assets of Eastern Communications Co Ltd A from 1993 to 2024. For live valuation and market cap data, see Eastern Communications Co Ltd A (600776) total market value.

Year	Net Assets	Change
2024-12-31	CN¥3.52 Billion ≈ $514.99 Million	+1.49%
2023-12-31	CN¥3.47 Billion ≈ $507.43 Million	+1.97%
2022-12-31	CN¥3.40 Billion ≈ $497.64 Million	+2.11%
2021-12-31	CN¥3.33 Billion ≈ $487.35 Million	+3.11%
2020-12-31	CN¥3.23 Billion ≈ $472.65 Million	+1.74%
2019-12-31	CN¥3.17 Billion ≈ $464.57 Million	+1.87%
2018-12-31	CN¥3.12 Billion ≈ $456.04 Million	+1.73%
2017-12-31	CN¥3.06 Billion ≈ $448.28 Million	+1.46%
2016-12-31	CN¥3.02 Billion ≈ $441.82 Million	+0.70%
2015-12-31	CN¥3.00 Billion ≈ $438.74 Million	+3.18%
2014-12-31	CN¥2.91 Billion ≈ $425.20 Million	+0.56%
2013-12-31	CN¥2.89 Billion ≈ $422.85 Million	+4.05%
2012-12-31	CN¥2.78 Billion ≈ $406.41 Million	+3.41%
2011-12-31	CN¥2.69 Billion ≈ $392.99 Million	+0.89%
2010-12-31	CN¥2.66 Billion ≈ $389.53 Million	+2.94%
2009-12-31	CN¥2.59 Billion ≈ $378.41 Million	-1.32%
2008-12-31	CN¥2.62 Billion ≈ $383.46 Million	+1.77%
2007-12-31	CN¥2.57 Billion ≈ $376.78 Million	+8.72%
2006-12-31	CN¥2.37 Billion ≈ $346.55 Million	+3.28%
2005-12-31	CN¥2.29 Billion ≈ $335.55 Million	-12.45%
2004-12-31	CN¥2.62 Billion ≈ $383.24 Million	-5.06%
2003-12-31	CN¥2.76 Billion ≈ $403.67 Million	-28.99%
2002-12-31	CN¥3.88 Billion ≈ $568.45 Million	-6.01%
2001-12-31	CN¥4.13 Billion ≈ $604.78 Million	+4.27%
2000-12-31	CN¥3.96 Billion ≈ $580.00 Million	+93.47%
1999-12-31	CN¥2.05 Billion ≈ $299.79 Million	+10.78%
1998-12-31	CN¥1.85 Billion ≈ $270.61 Million	+5.90%
1997-12-31	CN¥1.75 Billion ≈ $255.53 Million	+11.80%
1996-12-31	CN¥1.56 Billion ≈ $228.55 Million	+437.48%
1995-12-31	CN¥290.59 Million ≈ $42.52 Million	+22.05%
1994-12-31	CN¥238.10 Million ≈ $34.84 Million	+39.78%
1993-12-31	CN¥170.33 Million ≈ $24.92 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Eastern Communications Co Ltd A'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 115530022300.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.16 Billion	33.11%
Common Stock	CN¥1.26 Billion	36.00%
Other Comprehensive Income	CN¥261.40 Million	7.49%
Other Components	CN¥816.33 Million	23.40%
Total Equity	CN¥3.49 Billion	100.00%

Eastern Communications Co Ltd A Competitors by Market Cap

The table below lists competitors of Eastern Communications Co Ltd A ranked by their market capitalization.

Company	Market Cap
Tokai Carbon Korea Co. Ltd KQ:064760	$2.33 Billion
Lien Hwa Industrial Corp TW:1229	$2.33 Billion
Shanghai Beite Technology Co SHG:603009	$2.33 Billion
Sendas Distribuidora S.A. SA:ASAI3	$2.33 Billion
Banco do Nordeste do Brasil S.A SA:BNBR3	$2.32 Billion
African Rainbow Minerals Ltd JSE:ARI	$2.32 Billion
CHN Energy Changyuan Electric Power Co Ltd SHE:000966	$2.32 Billion
Foran Energy Group Co Ltd SHE:002911	$2.32 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 3,427,883,326 to 3,489,035,874, a change of 61,152,548 (1.8%).
Net income of 150,946,091 contributed positively to equity growth.
Dividend payments of 76,583,685 reduced retained earnings.
Share repurchases of 1,652,031 reduced equity.
Other comprehensive income increased equity by 257,840,155.
Other factors decreased equity by 269,397,982.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥150.95 Million	+4.33%
Dividends Paid	CN¥76.58 Million	-2.19%
Share Repurchases	CN¥1.65 Million	-0.05%
Other Comprehensive Income	CN¥257.84 Million	+7.39%
Other Changes	CN¥-269.40 Million	-7.72%
Total Change	CN¥-	1.78%

Book Value vs Market Value Analysis

This analysis compares Eastern Communications Co Ltd A'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: 5.99x
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 121.10x to 5.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1993-12-31	CN¥0.14	CN¥16.62	x
1994-12-31	CN¥0.19	CN¥16.62	x
1995-12-31	CN¥0.23	CN¥16.62	x
1996-12-31	CN¥1.25	CN¥16.62	x
1997-12-31	CN¥1.39	CN¥16.62	x
1998-12-31	CN¥1.45	CN¥16.62	x
1999-12-31	CN¥1.58	CN¥16.62	x
2000-12-31	CN¥2.87	CN¥16.62	x
2001-12-31	CN¥2.94	CN¥16.62	x
2002-12-31	CN¥5.51	CN¥16.62	x
2003-12-31	CN¥3.69	CN¥16.62	x
2004-12-31	CN¥3.84	CN¥16.62	x
2005-12-31	CN¥3.37	CN¥16.62	x
2006-12-31	CN¥1.73	CN¥16.62	x
2007-12-31	CN¥1.85	CN¥16.62	x
2008-12-31	CN¥1.88	CN¥16.62	x
2009-12-31	CN¥1.88	CN¥16.62	x
2010-12-31	CN¥2.00	CN¥16.62	x
2011-12-31	CN¥2.04	CN¥16.62	x
2012-12-31	CN¥2.11	CN¥16.62	x
2013-12-31	CN¥2.18	CN¥16.62	x
2014-12-31	CN¥2.28	CN¥16.62	x
2015-12-31	CN¥2.35	CN¥16.62	x
2016-12-31	CN¥2.37	CN¥16.62	x
2017-12-31	CN¥2.40	CN¥16.62	x
2018-12-31	CN¥2.44	CN¥16.62	x
2019-12-31	CN¥2.49	CN¥16.62	x
2020-12-31	CN¥2.54	CN¥16.62	x
2021-12-31	CN¥2.62	CN¥16.62	x
2022-12-31	CN¥2.67	CN¥16.62	x
2023-12-31	CN¥2.73	CN¥16.62	x
2024-12-31	CN¥2.77	CN¥16.62	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Eastern Communications Co Ltd A 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): 4.33%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.22%
• Asset Turnover: 0.65x
• Equity Multiplier: 1.28x
Recent ROE (4.33%) is below the historical average (11.10%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1993	87.37%	12.70%	2.31x	2.98x	CN¥131.78 Million
1994	69.66%	9.30%	2.49x	3.01x	CN¥142.05 Million
1995	90.32%	7.92%	3.48x	3.28x	CN¥233.42 Million
1996	20.69%	7.89%	1.33x	1.98x	CN¥166.44 Million
1997	17.78%	6.48%	1.05x	2.61x	CN¥133.98 Million
1998	13.36%	4.22%	1.11x	2.86x	CN¥60.33 Million
1999	14.68%	4.16%	1.41x	2.50x	CN¥91.78 Million
2000	10.62%	4.91%	0.97x	2.23x	CN¥22.10 Million
2001	5.68%	2.47%	1.09x	2.11x	CN¥-157.88 Million
2002	-5.98%	-2.51%	1.20x	1.99x	CN¥-550.58 Million
2003	-49.58%	-27.10%	0.76x	2.39x	CN¥-1.38 Billion
2004	2.36%	1.04%	1.21x	1.87x	CN¥-183.71 Million
2005	-13.48%	-3.84%	1.58x	2.21x	CN¥-495.12 Million
2006	1.74%	0.19%	4.21x	2.17x	CN¥-177.16 Million
2007	7.46%	1.36%	3.14x	1.75x	CN¥-58.88 Million
2008	4.11%	1.10%	2.14x	1.74x	CN¥-139.11 Million
2009	4.16%	2.67%	1.11x	1.40x	CN¥-138.54 Million
2010	5.76%	5.31%	0.83x	1.31x	CN¥-106.65 Million
2011	7.36%	6.03%	0.94x	1.30x	CN¥-67.48 Million
2012	7.28%	5.84%	0.97x	1.29x	CN¥-71.91 Million
2013	7.06%	5.64%	1.00x	1.25x	CN¥-80.56 Million
2014	6.26%	4.83%	1.02x	1.27x	CN¥-107.07 Million
2015	5.74%	4.76%	0.96x	1.26x	CN¥-126.02 Million
2016	3.08%	4.63%	0.51x	1.29x	CN¥-206.23 Million
2017	3.91%	4.85%	0.65x	1.25x	CN¥-183.93 Million
2018	4.14%	5.30%	0.63x	1.24x	CN¥-179.99 Million
2019	4.20%	4.91%	0.68x	1.26x	CN¥-181.49 Million
2020	3.25%	3.49%	0.73x	1.27x	CN¥-215.05 Million
2021	3.54%	3.83%	0.74x	1.25x	CN¥-212.34 Million
2022	4.02%	4.18%	0.76x	1.26x	CN¥-200.86 Million
2023	4.46%	5.20%	0.68x	1.27x	CN¥-189.98 Million
2024	4.33%	5.22%	0.65x	1.28x	CN¥-197.96 Million

Industry Comparison

This section compares Eastern Communications Co Ltd A'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
Eastern Communications Co Ltd A (600776)	CN¥3.81 Billion	87.37%	0.25x	$2.33 Billion
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 Eastern Communications Co Ltd A

SHG:600776 China Communication Equipment

Market Cap

$2.33 Billion

CN¥15.89 Billion CNY

Market Cap Rank

#5711 Global

#1188 in China

Share Price

CN¥16.62

Change (1 day)

-2.46%

52-Week Range

CN¥10.18 - CN¥26.10

All Time High

CN¥39.84