CETC Energy Joint Stock Co Ltd (600877) - Net Assets
Based on the latest financial reports, CETC Energy Joint Stock Co Ltd (600877) has net assets worth CN¥2.47 Billion CNY (≈ $361.37 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¥2.93 Billion ≈ $429.13 Million USD) and total liabilities (CN¥463.01 Million ≈ $67.75 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 600877 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.47 Billion |
| % of Total Assets | 84.21% |
| Annual Growth Rate | 1.94% |
| 5-Year Change | 483.75% |
| 10-Year Change | N/A |
| Growth Volatility | 4056.75 |
CETC Energy Joint Stock Co Ltd - Net Assets Trend (2000–2024)
This chart illustrates how CETC Energy Joint Stock Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 600877 total assets for the complete picture of this company's asset base.
Annual Net Assets for CETC Energy Joint Stock Co Ltd (2000–2024)
The table below shows the annual net assets of CETC Energy Joint Stock Co Ltd from 2000 to 2024. For live valuation and market cap data, see 600877 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.46 Billion ≈ $360.14 Million |
+2.81% |
| 2023-12-31 | CN¥2.39 Billion ≈ $350.31 Million |
+10.83% |
| 2022-12-31 | CN¥2.16 Billion ≈ $316.07 Million |
+11.49% |
| 2021-12-31 | CN¥1.94 Billion ≈ $283.48 Million |
+359.50% |
| 2020-12-31 | CN¥421.61 Million ≈ $61.69 Million |
+25.88% |
| 2019-12-31 | CN¥334.92 Million ≈ $49.01 Million |
+264.60% |
| 2018-12-31 | CN¥-203.47 Million ≈ $-29.77 Million |
-19038.31% |
| 2017-12-31 | CN¥1.07 Million ≈ $157.22K |
+100.37% |
| 2016-12-31 | CN¥-289.10 Million ≈ $-42.30 Million |
-3285.67% |
| 2015-12-31 | CN¥-8.54 Million ≈ $-1.25 Million |
-104.81% |
| 2014-12-31 | CN¥177.38 Million ≈ $25.96 Million |
+4.77% |
| 2013-12-31 | CN¥169.31 Million ≈ $24.78 Million |
-59.07% |
| 2012-12-31 | CN¥413.67 Million ≈ $60.53 Million |
+2.69% |
| 2011-12-31 | CN¥402.83 Million ≈ $58.95 Million |
-38.88% |
| 2010-12-31 | CN¥659.08 Million ≈ $96.44 Million |
-29.48% |
| 2009-12-31 | CN¥934.64 Million ≈ $136.77 Million |
+3.96% |
| 2008-12-31 | CN¥899.00 Million ≈ $131.55 Million |
-4.47% |
| 2007-12-31 | CN¥941.04 Million ≈ $137.70 Million |
+8.41% |
| 2006-12-31 | CN¥868.08 Million ≈ $127.03 Million |
-26.15% |
| 2005-12-31 | CN¥1.18 Billion ≈ $172.01 Million |
-1.49% |
| 2004-12-31 | CN¥1.19 Billion ≈ $174.61 Million |
+0.22% |
| 2003-12-31 | CN¥1.19 Billion ≈ $174.22 Million |
-0.56% |
| 2002-12-31 | CN¥1.20 Billion ≈ $175.20 Million |
-13.14% |
| 2001-12-31 | CN¥1.38 Billion ≈ $201.70 Million |
-11.10% |
| 2000-12-31 | CN¥1.55 Billion ≈ $226.88 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to CETC Energy Joint Stock 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 decreased by 112.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.47 Billion | 100.43% |
| Total Equity | CN¥2.46 Billion | 100.00% |
CETC Energy Joint Stock Co Ltd Competitors by Market Cap
The table below lists competitors of CETC Energy Joint Stock Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Vicat S.A.
PA:VCT
|
$2.85 Billion |
|
CoCreation Grass Co Ltd
SHG:605099
|
$2.85 Billion |
|
Privia Health Group Inc
NASDAQ:PRVA
|
$2.85 Billion |
|
Hubei Wanrun New Energy Technology Co. Ltd. A
SHG:688275
|
$2.86 Billion |
|
Shanghai Mechanical & Electrical Industry Co Ltd A
SHG:600835
|
$2.85 Billion |
|
SEB SA
PA:SK
|
$2.85 Billion |
|
Lerøy Seafood Group ASA
OL:LSG
|
$2.85 Billion |
|
Mobimo Hldg
SW:MOBN
|
$2.85 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CETC Energy Joint Stock Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,393,950,619 to 2,461,137,455, a change of 67,186,836 (2.8%).
- Net income of 68,654,870 contributed positively to equity growth.
- Dividend payments of 52,889 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥68.65 Million | +2.79% |
| Dividends Paid | CN¥52.89K | -0.0% |
| Other Changes | CN¥-1.42 Million | -0.06% |
| Total Change | CN¥- | 2.81% |
Book Value vs Market Value Analysis
This analysis compares CETC Energy Joint Stock 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: 7.91x
- 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 1143.58x to 7.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥0.01 | CN¥16.45 | x |
| 2018-12-31 | CN¥-0.28 | CN¥16.45 | x |
| 2019-12-31 | CN¥0.39 | CN¥16.45 | x |
| 2020-12-31 | CN¥0.49 | CN¥16.45 | x |
| 2021-12-31 | CN¥1.64 | CN¥16.45 | x |
| 2022-12-31 | CN¥1.82 | CN¥16.45 | x |
| 2023-12-31 | CN¥2.02 | CN¥16.45 | x |
| 2024-12-31 | CN¥2.08 | CN¥16.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CETC Energy Joint Stock 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): 2.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.57%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.19x
- Recent ROE (2.79%) is below the historical average (165.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 1.55% | 0.92% | 0.67x | 2.53x | CN¥-128.58 Million |
| 2001 | 0.72% | 0.38% | 0.65x | 2.95x | CN¥-125.78 Million |
| 2003 | 0.48% | 0.19% | 0.78x | 3.25x | CN¥-112.08 Million |
| 2004 | 1.07% | 0.38% | 0.84x | 3.30x | CN¥-105.78 Million |
| 2005 | 0.74% | 0.24% | 0.99x | 3.19x | CN¥-108.51 Million |
| 2007 | 1.51% | 0.35% | 1.28x | 3.42x | CN¥-79.55 Million |
| 2008 | 0.91% | 0.23% | 1.03x | 3.80x | CN¥-81.40 Million |
| 2009 | 1.16% | 0.30% | 1.11x | 3.43x | CN¥-82.35 Million |
| 2012 | 3.48% | 0.78% | 0.65x | 6.92x | CN¥-27.61 Million |
| 2014 | 6.00% | 0.86% | 0.57x | 12.18x | CN¥-7.68 Million |
| 2016 | 0.00% | -43.79% | 0.38x | 0.00x | CN¥-274.99 Million |
| 2017 | 3050.20% | 51.32% | 0.35x | 169.26x | CN¥300.56 Million |
| 2018 | 0.00% | -54.05% | 0.38x | 0.00x | CN¥-176.19 Million |
| 2019 | 24.64% | 22.88% | 0.67x | 1.60x | CN¥47.37 Million |
| 2020 | 19.82% | 20.01% | 0.60x | 1.64x | CN¥39.88 Million |
| 2021 | 7.18% | 8.40% | 0.64x | 1.33x | CN¥-54.69 Million |
| 2022 | 10.33% | 14.26% | 0.55x | 1.32x | CN¥7.14 Million |
| 2023 | 9.78% | 15.36% | 0.49x | 1.29x | CN¥-5.35 Million |
| 2024 | 2.79% | 6.57% | 0.36x | 1.19x | CN¥-177.46 Million |
Industry Comparison
This section compares CETC Energy Joint Stock Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $813,547,571
- Average return on equity (ROE) among peers: 6.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CETC Energy Joint Stock Co Ltd (600877) | CN¥2.47 Billion | 1.55% | 0.19x | $2.85 Billion |
| UniTTEC Co Ltd (000925) | $-283.11 Million | 0.00% | 0.00x | $909.57 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $4.97 Billion | 16.23% | 0.54x | $9.61 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $245.66 Million | 4.18% | 0.78x | $1.06 Billion |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $445.12 Million | 7.09% | 0.19x | $1.39 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $971.20 Million | 9.05% | 0.88x | $1.15 Billion |
| Tianjin Printronics Circuit Corp (002134) | $570.60 Million | 1.71% | 0.43x | $913.46 Million |
| Tatwah Smartech Co Ltd (002512) | $62.81 Million | 31.91% | 1.29x | $701.64 Million |
| Chutian Dragon Co Ltd (003040) | $1.05 Billion | 9.94% | 0.54x | $998.01 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $21.30 Million | -40.30% | 16.97x | $81.27 Million |
| Nations Technologies Inc (300077) | $85.20 Million | 28.31% | 0.96x | $1.97 Billion |
About CETC Energy Joint Stock Co Ltd
CETC Chips Technology Inc. engages in the design, research and development, manufacturing, testing, and sale of silicon-based analog semiconductor chips and related application products in the People's Republic of China and internationally. Its products portfolio includes radio frequency amplifiers and switches, digital control attenuators, frequency synthesizers, radio frequency transceivers and… Read more