Gome Telecom Equipment Co Ltd
Gome Telecom Equipment Co., Ltd. engages in the research and development, production, and sale of mobile terminal products. The company was formerly known as Sanlian Commercial Co., Ltd. Gome Telecom Equipment Co., Ltd. was founded 1989 and is based in Jinan, China.
Gome Telecom Equipment Co Ltd (600898) - Net Assets
Latest net assets as of September 2024: CN¥-51.27 Million CNY
Based on the latest financial reports, Gome Telecom Equipment Co Ltd (600898) has net assets worth CN¥-51.27 Million CNY as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥251.51 Million) and total liabilities (CN¥302.78 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥-51.27 Million |
| % of Total Assets | -20.38% |
| Annual Growth Rate | N/A |
| 5-Year Change | N/A |
| 10-Year Change | -105.02% |
| Growth Volatility | 91.51 |
Gome Telecom Equipment Co Ltd - Net Assets Trend (2000–2023)
This chart illustrates how Gome Telecom Equipment Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Gome Telecom Equipment Co Ltd (2000–2023)
The table below shows the annual net assets of Gome Telecom Equipment Co Ltd from 2000 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CN¥-17.51 Million | -116.79% |
| 2022-12-31 | CN¥104.26 Million | -51.20% |
| 2021-12-31 | CN¥213.63 Million | +74.63% |
| 2020-12-31 | CN¥122.33 Million | +118.08% |
| 2019-12-31 | CN¥-676.49 Million | -382.09% |
| 2018-12-31 | CN¥239.82 Million | -55.64% |
| 2017-12-31 | CN¥540.62 Million | +43.87% |
| 2016-12-31 | CN¥375.77 Million | +2.31% |
| 2015-12-31 | CN¥367.30 Million | +5.26% |
| 2014-12-31 | CN¥348.94 Million | +10.05% |
| 2013-12-31 | CN¥317.09 Million | +9.59% |
| 2012-12-31 | CN¥289.34 Million | +8.84% |
| 2011-12-31 | CN¥265.84 Million | +36.36% |
| 2010-12-31 | CN¥194.96 Million | +11.66% |
| 2009-12-31 | CN¥174.59 Million | -24.72% |
| 2008-12-31 | CN¥231.93 Million | -31.59% |
| 2007-12-31 | CN¥339.05 Million | -1.27% |
| 2006-12-31 | CN¥343.41 Million | +0.34% |
| 2005-12-31 | CN¥342.25 Million | +7.44% |
| 2004-12-31 | CN¥318.55 Million | +10.66% |
| 2003-12-31 | CN¥287.87 Million | +14.78% |
| 2002-12-31 | CN¥250.79 Million | +120.59% |
| 2001-12-31 | CN¥-1.22 Billion | +6.69% |
| 2000-12-31 | CN¥-1.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Gome Telecom Equipment 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 36403.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.54 Billion | % |
| Total Equity | CN¥-83.35 Million | 100.00% |
Gome Telecom Equipment Co Ltd Competitors by Market Cap
The table below lists competitors of Gome Telecom Equipment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
KB Autosys Co. Ltd
KQ:024120
|
$15.99 Million |
|
I-Berhad
KLSE:4251
|
$16.00 Million |
|
Bflysoft Co. Ltd.
KQ:148780
|
$16.00 Million |
|
FOODWELL Co. Ltd
KQ:005670
|
$16.00 Million |
|
QC Copper and Gold Inc
OTCQB:QCCUF
|
$15.97 Million |
|
Tasco Bhd
KLSE:5140
|
$15.96 Million |
|
Formula
TA:FORTY
|
$15.95 Million |
|
Transindia Real Estate Limited
NSE:TREL
|
$15.94 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Gome Telecom Equipment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 29,137,318 to -83,349,906, a change of -112,487,223 (-386.1%).
- Net loss of 112,386,680 reduced equity.
- Dividend payments of 6,013,307 reduced retained earnings.
- Other factors increased equity by 5,912,764.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-112.39 Million | -134.84% |
| Dividends Paid | CN¥6.01 Million | -7.21% |
| Other Changes | CN¥5.91 Million | +7.09% |
| Total Change | CN¥- | -386.06% |
Book Value vs Market Value Analysis
This analysis compares Gome Telecom Equipment 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
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.80 | CN¥0.74 | x |
| 2018-12-31 | CN¥0.30 | CN¥0.74 | x |
| 2019-12-31 | CN¥-3.07 | CN¥0.74 | x |
| 2020-12-31 | CN¥0.05 | CN¥0.74 | x |
| 2021-12-31 | CN¥0.45 | CN¥0.74 | x |
| 2022-12-31 | CN¥0.10 | CN¥0.74 | x |
| 2023-12-31 | CN¥-0.29 | CN¥0.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Gome Telecom Equipment 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): 0.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -287.64%
- • Asset Turnover: 0.15x
- • Equity Multiplier: 0.00x
- Recent ROE (0.00%) is above the historical average (-145.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2002 | 8.30% | 1.66% | 2.48x | 2.02x | CN¥-4.27 Million |
| 2003 | 10.82% | 1.75% | 4.01x | 1.55x | CN¥2.35 Million |
| 2004 | 11.18% | 1.55% | 2.83x | 2.54x | CN¥3.76 Million |
| 2005 | 6.93% | 1.14% | 1.80x | 3.38x | CN¥-10.52 Million |
| 2006 | 0.34% | 0.07% | 1.70x | 3.07x | CN¥-33.18 Million |
| 2010 | 11.95% | 2.65% | 1.75x | 2.57x | CN¥3.81 Million |
| 2011 | 26.66% | 7.58% | 1.62x | 2.17x | CN¥44.30 Million |
| 2012 | 8.12% | 3.18% | 1.27x | 2.02x | CN¥-5.44 Million |
| 2013 | 8.75% | 3.42% | 1.30x | 1.97x | CN¥-3.96 Million |
| 2014 | 9.13% | 4.13% | 1.22x | 1.81x | CN¥-3.04 Million |
| 2015 | 6.37% | 2.66% | 1.26x | 1.90x | CN¥-13.32 Million |
| 2016 | 4.35% | 1.41% | 0.51x | 6.02x | CN¥-21.02 Million |
| 2017 | 2.73% | 0.57% | 0.71x | 6.76x | CN¥-33.11 Million |
| 2018 | -501.74% | -14.48% | 0.97x | 35.83x | CN¥-389.54 Million |
| 2019 | 0.00% | -118.02% | 0.48x | 0.00x | CN¥-773.57 Million |
| 2020 | -2070.14% | -27.50% | 1.48x | 50.92x | CN¥-259.70 Million |
| 2021 | -30.85% | -16.97% | 0.38x | 4.78x | CN¥-52.97 Million |
| 2022 | -278.72% | -75.23% | 0.26x | 14.03x | CN¥-84.13 Million |
| 2023 | 0.00% | -287.64% | 0.15x | 0.00x | CN¥-104.05 Million |
Industry Comparison
This section compares Gome Telecom Equipment Co Ltd's net assets metrics with peer companies in the Consumer Electronics industry.
Industry Context
- Industry: Consumer Electronics
- Average net assets among peers: $809,763,823
- Average return on equity (ROE) among peers: 10.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Gome Telecom Equipment Co Ltd (600898) | CN¥-51.27 Million | 8.30% | N/A | $15.98 Million |
| Tianma Microelectronics Co Ltd (000050) | $166.50 Million | 10.57% | 1.33x | $1.47 Billion |
| Guangdong Goworld Co Ltd (000823) | $1.01 Billion | 4.09% | 0.56x | $824.71 Million |
| Soyea Technology Co Ltd (000909) | $544.85 Million | 0.82% | 1.23x | $202.89 Million |
| Guangdong AVCiT Tech Hldg Co (001229) | $147.20 Million | 38.20% | 0.18x | $174.60 Million |
| Emdoor Information Co. Ltd. A (001314) | $183.39 Million | 3.34% | 1.39x | $355.42 Million |
| Guoguang Electric Co Ltd (002045) | $1.99 Billion | 2.02% | 1.43x | $713.64 Million |
| Hengdian Group DMEGC Magnetics Co Ltd (002056) | $341.61 Million | 17.97% | 1.90x | $2.22 Billion |
| Shenzhen Auto Electric Power Plant Co Ltd (002227) | $606.90 Million | 2.72% | 0.17x | $151.80 Million |
| Goertek Inc (002241) | $874.59 Million | 14.02% | 0.63x | $7.93 Billion |
| Edifier Technology Co Ltd (002351) | $2.23 Billion | 14.12% | 0.20x | $639.57 Million |