China Satellite Communications Co Ltd
China Satellite Communications Co., Ltd. provides satellite communications and broadcasting services. It offers business support platforms, including visualized platform to support design, simulation, and evaluation on satellite resources and satellite application; multi-satellite unified tracking, telemetry, and control (TT&C) platform; traditional beam comprehensive service; carrier grade satel… Read more
China Satellite Communications Co Ltd (601698) - Net Assets
Latest net assets as of September 2025: CN¥20.18 Billion CNY
Based on the latest financial reports, China Satellite Communications Co Ltd (601698) has net assets worth CN¥20.18 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥23.08 Billion) and total liabilities (CN¥2.90 Billion). 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¥20.18 Billion |
| % of Total Assets | 87.44% |
| Annual Growth Rate | 7.21% |
| 5-Year Change | 30.03% |
| 10-Year Change | 82.91% |
| Growth Volatility | 6.88 |
China Satellite Communications Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how China Satellite Communications 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 China Satellite Communications Co Ltd (2014–2024)
The table below shows the annual net assets of China Satellite Communications Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥20.05 Billion | +2.99% |
| 2023-12-31 | CN¥19.47 Billion | +1.41% |
| 2022-12-31 | CN¥19.20 Billion | +21.72% |
| 2021-12-31 | CN¥15.78 Billion | +2.28% |
| 2020-12-31 | CN¥15.42 Billion | +0.74% |
| 2019-12-31 | CN¥15.31 Billion | +13.08% |
| 2018-12-31 | CN¥13.54 Billion | +6.97% |
| 2017-12-31 | CN¥12.66 Billion | +0.43% |
| 2016-12-31 | CN¥12.60 Billion | +14.95% |
| 2015-12-31 | CN¥10.96 Billion | +9.66% |
| 2014-12-31 | CN¥10.00 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Satellite Communications 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 393.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.15 Billion | 20.02% |
| Common Stock | CN¥4.22 Billion | 26.86% |
| Other Components | CN¥8.35 Billion | 53.12% |
| Total Equity | CN¥15.73 Billion | 100.00% |
China Satellite Communications Co Ltd Competitors by Market Cap
The table below lists competitors of China Satellite Communications Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ringkjoebing Landbobank A/S
CO:RILBA
|
$4.53 Billion |
|
CMS ENERGY PRF.SH.C DL25
F:CSG0
|
$4.53 Billion |
|
Asia Potash International Investment Guangzhou Co Ltd
SHE:000893
|
$4.53 Billion |
|
RINGK.LANDBOBK DK 1
F:CJ2
|
$4.54 Billion |
|
Millrose Properties, Inc.
NYSE:MRP
|
$4.53 Billion |
|
Energy Fuels Inc
NYSE MKT:UUUU
|
$4.52 Billion |
|
Bank Ozk
NASDAQ:OZK
|
$4.52 Billion |
|
Lundin Mining Corporation
PINK:LUNMF
|
$4.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Satellite Communications Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 15,298,446,474 to 15,726,863,659, a change of 428,417,185 (2.8%).
- Net income of 454,492,827 contributed positively to equity growth.
- Dividend payments of 107,233,621 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥454.49 Million | +2.89% |
| Dividends Paid | CN¥107.23 Million | -0.68% |
| Other Changes | CN¥81.16 Million | +0.52% |
| Total Change | CN¥- | 2.80% |
Book Value vs Market Value Analysis
This analysis compares China Satellite Communications 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: 9.57x
- 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 16.93x to 9.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥2.10 | CN¥35.64 | x |
| 2015-12-31 | CN¥2.25 | CN¥35.64 | x |
| 2016-12-31 | CN¥2.57 | CN¥35.64 | x |
| 2017-12-31 | CN¥2.58 | CN¥35.64 | x |
| 2018-12-31 | CN¥2.71 | CN¥35.64 | x |
| 2019-12-31 | CN¥2.83 | CN¥35.64 | x |
| 2020-12-31 | CN¥2.90 | CN¥35.64 | x |
| 2021-12-31 | CN¥3.00 | CN¥35.64 | x |
| 2022-12-31 | CN¥3.58 | CN¥35.64 | x |
| 2023-12-31 | CN¥3.62 | CN¥35.64 | x |
| 2024-12-31 | CN¥3.72 | CN¥35.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Satellite Communications 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): 2.89%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.89%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 1.43x
- Recent ROE (2.89%) is below the historical average (4.60%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 6.77% | 21.11% | 0.16x | 2.05x | CN¥-244.71 Million |
| 2015 | 6.36% | 21.53% | 0.16x | 1.82x | CN¥-294.86 Million |
| 2016 | 4.73% | 17.68% | 0.15x | 1.80x | CN¥-487.30 Million |
| 2017 | 4.20% | 14.86% | 0.16x | 1.80x | CN¥-538.90 Million |
| 2018 | 4.28% | 15.53% | 0.16x | 1.76x | CN¥-558.12 Million |
| 2019 | 3.95% | 16.33% | 0.15x | 1.61x | CN¥-683.89 Million |
| 2020 | 4.22% | 18.03% | 0.15x | 1.58x | CN¥-669.59 Million |
| 2021 | 4.77% | 21.73% | 0.14x | 1.59x | CN¥-628.27 Million |
| 2022 | 6.11% | 33.76% | 0.12x | 1.48x | CN¥-587.91 Million |
| 2023 | 2.28% | 13.33% | 0.12x | 1.48x | CN¥-1.18 Billion |
| 2024 | 2.89% | 17.89% | 0.11x | 1.43x | CN¥-1.12 Billion |
Industry Comparison
This section compares China Satellite Communications Co Ltd's net assets metrics with peer companies in the Telecom Services industry.
Industry Context
- Industry: Telecom Services
- Average net assets among peers: $1,458,772,401
- Average return on equity (ROE) among peers: 9.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Satellite Communications Co Ltd (601698) | CN¥20.18 Billion | 6.77% | 0.14x | $4.53 Billion |
| Beijing Bewinner Communications Co Ltd (002148) | $1.22 Billion | 10.61% | 0.11x | $437.69 Million |
| Net263 Ltd (002467) | $1.05 Billion | 6.60% | 0.09x | $1.15 Billion |
| Runjian Communication Co Ltd Class A (002929) | $5.98 Billion | 7.34% | 1.48x | $1.04 Billion |
| Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025) | $673.56 Million | 2.07% | 0.39x | $332.87 Million |
| Dingli Communications Corp Ltd (300050) | $219.84 Million | 50.65% | 0.36x | $380.27 Million |
| Fuchun Technology Co Ltd (300299) | $531.11 Million | 14.13% | 0.92x | $421.56 Million |
| Zhong Fu Tong Co Ltd (300560) | $230.82 Million | 0.00% | 0.55x | $288.57 Million |
| Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766) | $1.67 Billion | -2.99% | 0.22x | $1.46 Billion |
| Wuxi Online Offline Communication Information Technology Co. Ltd. (300959) | $1.17 Billion | 4.30% | 0.15x | $530.67 Million |
| Wintao Communications Co. Ltd (301139) | $1.85 Billion | 6.79% | 0.51x | $169.25 Million |