China Satellite Communications Co Ltd (601698) - Net Assets

Latest as of March 2026: CN¥20.18 Billion CNY ≈ $2.95 Billion USD

Based on the latest financial reports, China Satellite Communications Co Ltd (601698) has net assets worth CN¥20.18 Billion CNY (≈ $2.95 Billion 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¥22.28 Billion ≈ $3.26 Billion USD) and total liabilities (CN¥2.11 Billion ≈ $308.27 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 601698 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¥20.18 Billion
% of Total Assets	90.55%
Annual Growth Rate	6.63%
5-Year Change	28.36%
10-Year Change	60.67%
Growth Volatility	6.82

China Satellite Communications Co Ltd - Net Assets Trend (2014–2025)

This chart illustrates how China Satellite Communications Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can China Satellite Communications Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for China Satellite Communications Co Ltd (2014–2025)

The table below shows the annual net assets of China Satellite Communications Co Ltd from 2014 to 2025. For live valuation and market cap data, see 601698 market cap.

Year	Net Assets	Change
2025-12-31	CN¥20.25 Billion ≈ $2.96 Billion	+0.97%
2024-12-31	CN¥20.05 Billion ≈ $2.93 Billion	+2.99%
2023-12-31	CN¥19.47 Billion ≈ $2.85 Billion	+1.41%
2022-12-31	CN¥19.20 Billion ≈ $2.81 Billion	+21.72%
2021-12-31	CN¥15.78 Billion ≈ $2.31 Billion	+2.28%
2020-12-31	CN¥15.42 Billion ≈ $2.26 Billion	+0.74%
2019-12-31	CN¥15.31 Billion ≈ $2.24 Billion	+13.08%
2018-12-31	CN¥13.54 Billion ≈ $1.98 Billion	+6.97%
2017-12-31	CN¥12.66 Billion ≈ $1.85 Billion	+0.43%
2016-12-31	CN¥12.60 Billion ≈ $1.84 Billion	+14.95%
2015-12-31	CN¥10.96 Billion ≈ $1.60 Billion	+9.66%
2014-12-31	CN¥10.00 Billion ≈ $1.46 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 434.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥3.42 Billion	21.37%
Other Components	CN¥12.57 Billion	78.63%
Total Equity	CN¥15.99 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
EDP-ENERG.PORTUG. ADR/10 F:EDPA	$19.10 Billion
RBC Bearings Incorporated NYSE:RBC	$19.16 Billion
SUMITOMO MITSU.TR.H.ADR10 F:MIU0	$19.19 Billion
Amcor Plc AU:AMC	$19.20 Billion
NN GROUP NV UNSP.ADR/1 F:2NN0	$19.09 Billion
Amkor Technology Inc NASDAQ:AMKR	$18.99 Billion
Centrais Electricas Brasileiras SA NYSE:EBR	$18.99 Billion
Dawning Information Industry Co Ltd SHG:603019	$18.99 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 2024 to 2025, total equity changed from 15,726,863,659 to 15,987,842,870, a change of 260,979,211 (1.7%).
Net income of 441,236,300 contributed positively to equity growth.
Dividend payments of 136,447,649 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥441.24 Million	+2.76%
Dividends Paid	CN¥136.45 Million	-0.85%
Other Changes	CN¥-43.81 Million	-0.27%
Total Change	CN¥-	1.66%

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: 8.16x
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 14.68x to 8.16x 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¥30.89	x
2015-12-31	CN¥2.25	CN¥30.89	x
2016-12-31	CN¥2.57	CN¥30.89	x
2017-12-31	CN¥2.58	CN¥30.89	x
2018-12-31	CN¥2.71	CN¥30.89	x
2019-12-31	CN¥2.83	CN¥30.89	x
2020-12-31	CN¥2.90	CN¥30.89	x
2021-12-31	CN¥3.00	CN¥30.89	x
2022-12-31	CN¥3.58	CN¥30.89	x
2023-12-31	CN¥3.62	CN¥30.89	x
2024-12-31	CN¥3.72	CN¥30.89	x
2025-12-31	CN¥3.78	CN¥30.89	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): 2.76%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 16.68%
• Asset Turnover: 0.12x
• Equity Multiplier: 1.40x
Recent ROE (2.76%) is below the historical average (4.44%), 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
2025	2.76%	16.68%	0.12x	1.40x	CN¥-1.16 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: $1,272,674,553
Average return on equity (ROE) among peers: 9.40%

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%	0.10x	$19.09 Billion
Beijing Bewinner Communications Co Ltd (002148)	$426.40 Million	11.17%	0.03x	$511.02 Million
Net263 Ltd (002467)	$2.15 Billion	8.13%	0.26x	$1.04 Billion
Runjian Communication Co Ltd Class A (002929)	$4.46 Billion	9.51%	1.85x	$2.58 Billion
Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025)	$843.83 Million	12.86%	1.61x	$336.52 Million
Dingli Communications Corp Ltd (300050)	$2.39 Billion	-20.21%	0.38x	$537.37 Million
Fuchun Technology Co Ltd (300299)	$103.57 Million	29.97%	0.43x	$514.15 Million
Zhong Fu Tong Co Ltd (300560)	$230.82 Million	0.00%	0.55x	$630.35 Million
Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766)	$734.72 Million	4.67%	0.04x	$1.39 Billion
NOVA Technology Corporation Limited (300921)	$201.32 Million	35.71%	0.40x	$598.69 Million
Wuxi Online Offline Communication Information Technology Co. Ltd. (300959)	$1.19 Billion	2.22%	0.12x	$1.88 Billion

About China Satellite Communications Co Ltd

SHG:601698 China Telecom Services

Market Cap

$19.09 Billion

CN¥130.49 Billion CNY

Market Cap Rank

#1348 Global

#119 in China

Share Price

CN¥30.89

Change (1 day)

-1.18%

52-Week Range

CN¥19.46 - CN¥53.88

All Time High

CN¥53.88