China Satellite Communications Co Ltd (601698) - Net Assets

Latest as of September 2025: 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 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 ≈ $3.38 Billion USD) and total liabilities (CN¥2.90 Billion ≈ $424.36 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 financial resilience of China Satellite Communications Co Ltd to evaluate the company's liquid asset resilience ratio.

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. Also explore China Satellite Communications Co Ltd (601698) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 601698 market cap.

Year	Net Assets	Change
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 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
Zomato Limited NSE:ZOMATO	$22.68 Billion
First Citizens BancShares Inc NASDAQ:FCNCA	$22.69 Billion
Geely Automobile Holdings Limited F:GRUA	$22.70 Billion
Vonovia SE XETRA:VNA	$22.72 Billion
Dow Inc NYSE:DOW	$22.66 Billion
Yihai Kerry Arawana Holdings Co Ltd SHE:300999	$22.64 Billion
EnBW Energie Baden-Württemberg AG XETRA:EBK	$22.58 Billion
A.P. Møller - Mærsk A/S CO:MAERSK-A	$22.56 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: 9.85x
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 17.42x to 9.85x 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¥36.67	x
2015-12-31	CN¥2.25	CN¥36.67	x
2016-12-31	CN¥2.57	CN¥36.67	x
2017-12-31	CN¥2.58	CN¥36.67	x
2018-12-31	CN¥2.71	CN¥36.67	x
2019-12-31	CN¥2.83	CN¥36.67	x
2020-12-31	CN¥2.90	CN¥36.67	x
2021-12-31	CN¥3.00	CN¥36.67	x
2022-12-31	CN¥3.58	CN¥36.67	x
2023-12-31	CN¥3.62	CN¥36.67	x
2024-12-31	CN¥3.72	CN¥36.67	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: $856,678,686
Average return on equity (ROE) among peers: 13.19%

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	$22.67 Billion
Beijing Bewinner Communications Co Ltd (002148)	$108.27 Million	29.09%	0.24x	$645.38 Million
Net263 Ltd (002467)	$266.09 Million	26.44%	0.25x	$1.37 Billion
Runjian Communication Co Ltd Class A (002929)	$4.46 Billion	9.51%	1.85x	$2.48 Billion
Hangzhou Huaxing Chuangye Communication Technology Co Ltd (300025)	$458.15 Million	6.12%	0.99x	$428.10 Million
Dingli Communications Corp Ltd (300050)	$115.28 Million	33.82%	0.40x	$582.02 Million
Fuchun Technology Co Ltd (300299)	$435.77 Million	-31.41%	1.24x	$622.24 Million
Zhong Fu Tong Co Ltd (300560)	$452.25 Million	8.44%	0.22x	$484.45 Million
Zhejiang Merit Interactive Network Technology Co Ltd Class A (300766)	$1.13 Billion	21.95%	0.08x	$1.69 Billion
NOVA Technology Corporation Limited (300921)	$812.59 Million	2.25%	0.17x	$724.56 Million
Wuxi Online Offline Communication Information Technology Co. Ltd. (300959)	$324.28 Million	25.69%	0.34x	$1.11 Billion

About China Satellite Communications Co Ltd

SHG:601698 China Telecom Services

Market Cap

$22.67 Billion

CN¥154.91 Billion CNY

Market Cap Rank

#1128 Global

#85 in China

Share Price

CN¥36.67

Change (1 day)

+2.98%

52-Week Range

CN¥18.98 - CN¥53.88

All Time High

CN¥53.88