CETC Digital Technology Co Ltd (600850) - Net Assets
Based on the latest financial reports, CETC Digital Technology Co Ltd (600850) has net assets worth CN¥4.96 Billion CNY (≈ $726.41 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¥11.13 Billion ≈ $1.63 Billion USD) and total liabilities (CN¥6.16 Billion ≈ $901.83 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 600850 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.96 Billion |
| % of Total Assets | 44.61% |
| Annual Growth Rate | 13.21% |
| 5-Year Change | 58.17% |
| 10-Year Change | 144.95% |
| Growth Volatility | 46.21 |
CETC Digital Technology Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how CETC Digital Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600850 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for CETC Digital Technology Co Ltd (1994–2025)
The table below shows the annual net assets of CETC Digital Technology Co Ltd from 1994 to 2025. For live valuation and market cap data, see 600850 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.95 Billion ≈ $724.23 Million |
+0.01% |
| 2024-12-31 | CN¥4.95 Billion ≈ $724.15 Million |
+4.39% |
| 2023-12-31 | CN¥4.74 Billion ≈ $693.71 Million |
+9.57% |
| 2022-12-31 | CN¥4.33 Billion ≈ $633.11 Million |
+38.27% |
| 2021-12-31 | CN¥3.13 Billion ≈ $457.89 Million |
+7.92% |
| 2020-12-31 | CN¥2.90 Billion ≈ $424.29 Million |
+6.08% |
| 2019-12-31 | CN¥2.73 Billion ≈ $399.96 Million |
+9.07% |
| 2018-12-31 | CN¥2.51 Billion ≈ $366.70 Million |
+12.24% |
| 2017-12-31 | CN¥2.23 Billion ≈ $326.70 Million |
+10.50% |
| 2016-12-31 | CN¥2.02 Billion ≈ $295.66 Million |
+8.87% |
| 2015-12-31 | CN¥1.86 Billion ≈ $271.58 Million |
+21.34% |
| 2014-12-31 | CN¥1.53 Billion ≈ $223.82 Million |
+15.08% |
| 2013-12-31 | CN¥1.33 Billion ≈ $194.49 Million |
+4.03% |
| 2012-12-31 | CN¥1.28 Billion ≈ $186.96 Million |
+261.36% |
| 2011-12-31 | CN¥353.57 Million ≈ $51.74 Million |
+6.19% |
| 2010-12-31 | CN¥332.98 Million ≈ $48.73 Million |
-2.31% |
| 2009-12-31 | CN¥340.85 Million ≈ $49.88 Million |
+7.78% |
| 2008-12-31 | CN¥316.26 Million ≈ $46.28 Million |
+8.43% |
| 2007-12-31 | CN¥291.67 Million ≈ $42.68 Million |
+7.46% |
| 2006-12-31 | CN¥271.41 Million ≈ $39.72 Million |
+5.57% |
| 2005-12-31 | CN¥257.10 Million ≈ $37.62 Million |
+9.93% |
| 2004-12-31 | CN¥233.88 Million ≈ $34.22 Million |
+3.57% |
| 2003-12-31 | CN¥225.82 Million ≈ $33.04 Million |
+2.79% |
| 2002-12-31 | CN¥219.68 Million ≈ $32.15 Million |
-5.14% |
| 2001-12-31 | CN¥231.58 Million ≈ $33.89 Million |
-2.92% |
| 2000-12-31 | CN¥238.54 Million ≈ $34.91 Million |
+62.54% |
| 1999-12-31 | CN¥146.76 Million ≈ $21.48 Million |
+7.44% |
| 1998-12-31 | CN¥136.59 Million ≈ $19.99 Million |
+12.15% |
| 1997-12-31 | CN¥121.80 Million ≈ $17.82 Million |
+12.61% |
| 1996-12-31 | CN¥108.16 Million ≈ $15.83 Million |
+7.10% |
| 1995-12-31 | CN¥100.98 Million ≈ $14.78 Million |
-4.57% |
| 1994-12-31 | CN¥105.82 Million ≈ $15.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to CETC Digital 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 58968.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.54 Billion | 72.41% |
| Other Components | CN¥1.35 Billion | 27.59% |
| Total Equity | CN¥4.89 Billion | 100.00% |
CETC Digital Technology Co Ltd Competitors by Market Cap
The table below lists competitors of CETC Digital Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Freehold Royalties Ltd.
TO:FRU
|
$1.95 Billion |
|
African Rainbow Minerals Ltd
JSE:ARI
|
$1.95 Billion |
|
NOS S.G.P.S. S.A.
LS:NOS
|
$1.95 Billion |
|
Region Group
AU:RGN
|
$1.95 Billion |
|
Atea ASA
OL:ATEA
|
$1.95 Billion |
|
C*Core Technology Co Ltd
SHG:688262
|
$1.95 Billion |
|
NagaCorp Ltd
F:N9J
|
$1.95 Billion |
|
China Marine Information Electronics Co Ltd
SHG:600764
|
$1.95 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CETC Digital Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,838,060,000 to 4,891,120,496, a change of 53,060,496 (1.1%).
- Net income of 328,809,479 contributed positively to equity growth.
- Dividend payments of 300,128,393 reduced retained earnings.
- Other comprehensive income decreased equity by 207,085,743.
- Other factors increased equity by 231,465,153.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥328.81 Million | +6.72% |
| Dividends Paid | CN¥300.13 Million | -6.14% |
| Other Comprehensive Income | CN¥-207.09 Million | -4.23% |
| Other Changes | CN¥231.47 Million | +4.73% |
| Total Change | CN¥- | 1.10% |
Book Value vs Market Value Analysis
This analysis compares CETC Digital 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: 2.72x
- 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 41.28x to 2.72x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.47 | CN¥19.59 | x |
| 1995-12-31 | CN¥0.45 | CN¥19.59 | x |
| 1996-12-31 | CN¥0.49 | CN¥19.59 | x |
| 1997-12-31 | CN¥0.54 | CN¥19.59 | x |
| 1998-12-31 | CN¥0.60 | CN¥19.59 | x |
| 1999-12-31 | CN¥0.62 | CN¥19.59 | x |
| 2000-12-31 | CN¥0.96 | CN¥19.59 | x |
| 2001-12-31 | CN¥1.02 | CN¥19.59 | x |
| 2002-12-31 | CN¥0.89 | CN¥19.59 | x |
| 2003-12-31 | CN¥0.90 | CN¥19.59 | x |
| 2004-12-31 | CN¥0.92 | CN¥19.59 | x |
| 2005-12-31 | CN¥0.95 | CN¥19.59 | x |
| 2006-12-31 | CN¥0.99 | CN¥19.59 | x |
| 2007-12-31 | CN¥0.80 | CN¥19.59 | x |
| 2008-12-31 | CN¥0.83 | CN¥19.59 | x |
| 2009-12-31 | CN¥0.86 | CN¥19.59 | x |
| 2010-12-31 | CN¥0.94 | CN¥19.59 | x |
| 2011-12-31 | CN¥0.52 | CN¥19.59 | x |
| 2012-12-31 | CN¥2.16 | CN¥19.59 | x |
| 2013-12-31 | CN¥2.27 | CN¥19.59 | x |
| 2014-12-31 | CN¥2.59 | CN¥19.59 | x |
| 2015-12-31 | CN¥3.02 | CN¥19.59 | x |
| 2016-12-31 | CN¥3.39 | CN¥19.59 | x |
| 2017-12-31 | CN¥3.80 | CN¥19.59 | x |
| 2018-12-31 | CN¥4.26 | CN¥19.59 | x |
| 2019-12-31 | CN¥4.62 | CN¥19.59 | x |
| 2020-12-31 | CN¥4.91 | CN¥19.59 | x |
| 2021-12-31 | CN¥5.39 | CN¥19.59 | x |
| 2022-12-31 | CN¥6.42 | CN¥19.59 | x |
| 2023-12-31 | CN¥6.58 | CN¥19.59 | x |
| 2024-12-31 | CN¥7.03 | CN¥19.59 | x |
| 2025-12-31 | CN¥7.19 | CN¥19.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CETC Digital 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): 6.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.06%
- • Asset Turnover: 0.92x
- • Equity Multiplier: 2.39x
- Recent ROE (6.72%) is below the historical average (8.49%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 7.08% | 4.13% | 1.01x | 1.70x | CN¥-3.09 Million |
| 1995 | 5.36% | 2.27% | 1.37x | 1.72x | CN¥-4.69 Million |
| 1996 | 5.88% | 1.42% | 2.03x | 2.05x | CN¥-4.45 Million |
| 1997 | 10.30% | 1.62% | 1.95x | 3.26x | CN¥359.80K |
| 1998 | 10.82% | 1.81% | 2.05x | 2.91x | CN¥1.10 Million |
| 1999 | 11.87% | 1.36% | 2.38x | 3.67x | CN¥2.57 Million |
| 2000 | 5.56% | 0.85% | 2.63x | 2.48x | CN¥-9.46 Million |
| 2001 | 6.44% | 2.56% | 1.10x | 2.30x | CN¥-8.13 Million |
| 2002 | -14.94% | -3.75% | 1.45x | 2.74x | CN¥-49.60 Million |
| 2003 | 1.32% | 0.27% | 1.66x | 2.99x | CN¥-17.48 Million |
| 2004 | 1.68% | 0.37% | 1.54x | 2.98x | CN¥-17.08 Million |
| 2005 | 2.67% | 0.52% | 1.70x | 3.00x | CN¥-15.46 Million |
| 2006 | 3.47% | 0.63% | 1.85x | 2.95x | CN¥-14.36 Million |
| 2007 | 5.17% | 0.87% | 2.00x | 2.98x | CN¥-11.21 Million |
| 2008 | 2.92% | 0.56% | 1.64x | 3.18x | CN¥-16.87 Million |
| 2009 | 2.46% | 0.61% | 1.26x | 3.22x | CN¥-18.87 Million |
| 2010 | 5.26% | 0.94% | 1.85x | 3.02x | CN¥-12.80 Million |
| 2011 | 6.88% | 1.05% | 1.93x | 3.40x | CN¥-8.76 Million |
| 2012 | 16.26% | 3.85% | 1.61x | 2.62x | CN¥73.58 Million |
| 2013 | 19.74% | 4.37% | 1.52x | 2.98x | CN¥120.33 Million |
| 2014 | 17.75% | 4.34% | 1.49x | 2.74x | CN¥109.02 Million |
| 2015 | 18.46% | 5.05% | 1.27x | 2.88x | CN¥140.29 Million |
| 2016 | 14.78% | 4.54% | 1.17x | 2.77x | CN¥88.92 Million |
| 2017 | 13.81% | 4.38% | 1.16x | 2.71x | CN¥79.63 Million |
| 2018 | 12.90% | 4.14% | 1.17x | 2.67x | CN¥67.94 Million |
| 2019 | 12.57% | 4.13% | 1.11x | 2.73x | CN¥65.78 Million |
| 2020 | 11.65% | 3.91% | 0.97x | 3.07x | CN¥45.02 Million |
| 2021 | 11.88% | 4.20% | 0.98x | 2.87x | CN¥63.01 Million |
| 2022 | 12.64% | 5.28% | 0.89x | 2.70x | CN¥108.79 Million |
| 2023 | 11.01% | 4.97% | 0.88x | 2.53x | CN¥45.77 Million |
| 2024 | 11.38% | 5.14% | 0.90x | 2.47x | CN¥66.75 Million |
| 2025 | 6.72% | 3.06% | 0.92x | 2.39x | CN¥-160.30 Million |
Industry Comparison
This section compares CETC Digital Technology Co Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $3,169,637,148
- Average return on equity (ROE) among peers: 1.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CETC Digital Technology Co Ltd (600850) | CN¥4.96 Billion | 7.08% | 1.24x | $1.95 Billion |
| Eastcompeace Technology Co Ltd (002017) | $1.40 Billion | 2.82% | 0.50x | $1.36 Billion |
| Wiscom System Co Ltd (002090) | $1.26 Billion | 2.38% | 1.07x | $541.62 Million |
| Topsec Technologies Group Inc (002212) | $9.45 Billion | -3.93% | 0.19x | $1.06 Billion |
| Focus Technology Co Ltd (002315) | $2.02 Billion | 7.77% | 0.21x | $1.15 Billion |
| Beijing Venustech Inc (002439) | $7.41 Billion | 8.45% | 0.35x | $2.30 Billion |
| Maxvision Technology Corp (002990) | $1.89 Billion | 11.89% | 0.31x | $2.14 Billion |
| Wangsu Science Tech (300017) | $870.45 Million | 11.92% | 0.13x | $5.36 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $2.91 Billion | 5.35% | 0.41x | $922.96 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $1.37 Billion | 0.36% | 0.52x | $2.79 Billion |
| TIZA Information Industry Corporation Inc (300209) | $3.11 Billion | -28.00% | 0.46x | $3.90 Billion |
About CETC Digital Technology Co Ltd
CETC Digital Technology Co.,Ltd. provides software and information technology services in China. It operates through the Digital Products, Industry Digitalization, and Digital New Infrastructure segments. The company provides software and hardware products, including embedded computers, signal processing, high-speed network switching, data recording storage, and information processing products, w… Read more