Dawning Information Industry Co Ltd (603019) - Net Assets
Based on the latest financial reports, Dawning Information Industry Co Ltd (603019) has net assets worth CN¥23.16 Billion CNY (≈ $3.39 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¥39.34 Billion ≈ $5.76 Billion USD) and total liabilities (CN¥16.18 Billion ≈ $2.37 Billion 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. Also explore Dawning Information Industry Co Ltd assets under control for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥23.16 Billion |
| % of Total Assets | 58.86% |
| Annual Growth Rate | 31.47% |
| 5-Year Change | 76.41% |
| 10-Year Change | 649.44% |
| Growth Volatility | 43.28 |
Dawning Information Industry Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Dawning Information Industry Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Dawning Information Industry Co Ltd to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Dawning Information Industry Co Ltd (2011–2025)
The table below shows the annual net assets of Dawning Information Industry Co Ltd from 2011 to 2025. For live valuation and market cap data, see 603019 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥23.07 Billion ≈ $3.38 Billion |
+8.17% |
| 2024-12-31 | CN¥21.33 Billion ≈ $3.12 Billion |
+9.48% |
| 2023-12-31 | CN¥19.48 Billion ≈ $2.85 Billion |
+9.81% |
| 2022-12-31 | CN¥17.74 Billion ≈ $2.60 Billion |
+35.67% |
| 2021-12-31 | CN¥13.08 Billion ≈ $1.91 Billion |
+9.38% |
| 2020-12-31 | CN¥11.95 Billion ≈ $1.75 Billion |
+158.69% |
| 2019-12-31 | CN¥4.62 Billion ≈ $676.24 Million |
+14.09% |
| 2018-12-31 | CN¥4.05 Billion ≈ $592.73 Million |
+17.92% |
| 2017-12-31 | CN¥3.43 Billion ≈ $502.65 Million |
+11.59% |
| 2016-12-31 | CN¥3.08 Billion ≈ $450.43 Million |
+108.73% |
| 2015-12-31 | CN¥1.47 Billion ≈ $215.79 Million |
+23.46% |
| 2014-12-31 | CN¥1.19 Billion ≈ $174.79 Million |
+64.09% |
| 2013-12-31 | CN¥727.90 Million ≈ $106.51 Million |
+10.73% |
| 2012-12-31 | CN¥657.35 Million ≈ $96.19 Million |
+31.35% |
| 2011-12-31 | CN¥500.46 Million ≈ $73.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dawning Information Industry 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 6875.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥8.74 Billion | 39.33% |
| Other Components | CN¥13.49 Billion | 60.67% |
| Total Equity | CN¥22.23 Billion | 100.00% |
Dawning Information Industry Co Ltd Competitors by Market Cap
The table below lists competitors of Dawning Information Industry Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
LG Electronics Inc
KO:066570
|
$17.89 Billion |
|
Genmab A/S
CO:GMAB
|
$17.91 Billion |
|
Sieyuan Electric Co Ltd
SHE:002028
|
$17.92 Billion |
|
Norsk Hydro ASA
OL:NHY
|
$17.92 Billion |
|
SDIC Power Holdings Co Ltd
SHG:600886
|
$17.86 Billion |
|
Brookfield Infrastructure Partners L.P
TO:BIP-UN
|
$17.82 Billion |
|
FORTUM OYJ ADR 1/5/EO340
F:FOT0
|
$17.80 Billion |
|
Ke Holdings Inc
NYSE:BEKE
|
$17.78 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dawning Information Industry Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 20,402,094,556 to 22,233,220,050, a change of 1,831,125,494 (9.0%).
- Net income of 2,112,663,000 contributed positively to equity growth.
- Dividend payments of 408,280,551 reduced retained earnings.
- Other comprehensive income decreased equity by 19,442,376.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.11 Billion | +9.5% |
| Dividends Paid | CN¥408.28 Million | -1.84% |
| Other Comprehensive Income | CN¥-19.44 Million | -0.09% |
| Other Changes | CN¥146.19 Million | +0.66% |
| Total Change | CN¥- | 8.98% |
Book Value vs Market Value Analysis
This analysis compares Dawning Information Industry 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: 5.47x
- 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 149.49x to 5.47x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.56 | CN¥83.46 | x |
| 2012-12-31 | CN¥0.73 | CN¥83.46 | x |
| 2013-12-31 | CN¥0.81 | CN¥83.46 | x |
| 2014-12-31 | CN¥1.27 | CN¥83.46 | x |
| 2015-12-31 | CN¥1.12 | CN¥83.46 | x |
| 2016-12-31 | CN¥2.38 | CN¥83.46 | x |
| 2017-12-31 | CN¥2.50 | CN¥83.46 | x |
| 2018-12-31 | CN¥3.04 | CN¥83.46 | x |
| 2019-12-31 | CN¥3.42 | CN¥83.46 | x |
| 2020-12-31 | CN¥8.77 | CN¥83.46 | x |
| 2021-12-31 | CN¥8.62 | CN¥83.46 | x |
| 2022-12-31 | CN¥11.68 | CN¥83.46 | x |
| 2023-12-31 | CN¥12.70 | CN¥83.46 | x |
| 2024-12-31 | CN¥13.98 | CN¥83.46 | x |
| 2025-12-31 | CN¥15.26 | CN¥83.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dawning Information Industry 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): 9.50%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.11%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.84x
- Recent ROE (9.50%) is below the historical average (12.13%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 25.13% | 8.68% | 0.99x | 2.92x | CN¥74.40 Million |
| 2012 | 23.54% | 9.12% | 0.88x | 2.92x | CN¥87.10 Million |
| 2013 | 13.50% | 4.84% | 0.80x | 3.51x | CN¥25.06 Million |
| 2014 | 9.81% | 4.14% | 0.96x | 2.47x | CN¥-2.21 Million |
| 2015 | 13.21% | 4.83% | 0.79x | 3.45x | CN¥42.94 Million |
| 2016 | 7.72% | 5.14% | 0.71x | 2.11x | CN¥-66.24 Million |
| 2017 | 9.81% | 4.91% | 0.62x | 3.21x | CN¥-5.85 Million |
| 2018 | 11.28% | 4.75% | 0.69x | 3.45x | CN¥48.75 Million |
| 2019 | 13.73% | 6.23% | 0.57x | 3.88x | CN¥161.25 Million |
| 2020 | 7.07% | 8.09% | 0.48x | 1.80x | CN¥-340.50 Million |
| 2021 | 9.29% | 10.44% | 0.43x | 2.06x | CN¥-90.58 Million |
| 2022 | 9.07% | 11.87% | 0.41x | 1.87x | CN¥-157.43 Million |
| 2023 | 9.84% | 12.79% | 0.45x | 1.70x | CN¥-29.09 Million |
| 2024 | 9.37% | 14.54% | 0.36x | 1.79x | CN¥-129.06 Million |
| 2025 | 9.50% | 14.11% | 0.37x | 1.84x | CN¥-110.66 Million |
Industry Comparison
This section compares Dawning Information Industry Co Ltd's net assets metrics with peer companies in the Computer Hardware industry.
Industry Context
- Industry: Computer Hardware
- Average net assets among peers: $10,113,920,156
- Average return on equity (ROE) among peers: 6.30%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dawning Information Industry Co Ltd (603019) | CN¥23.16 Billion | 25.13% | 0.70x | $17.87 Billion |
| Shenzhen Kaifa Technology Co Ltd (000021) | $13.86 Billion | 6.71% | 0.93x | $8.58 Billion |
| China Greatwall Computer Shenzhen Co Ltd (000066) | $8.50 Billion | -0.15% | 3.67x | $6.49 Billion |
| TPV Technology Co Ltd (000727) | $1.17 Billion | 0.52% | 0.74x | $1.48 Billion |
| Inspur Electronic Info Industr (000977) | $900.93 Million | 4.81% | 0.23x | $15.47 Billion |
| Ninestar Corp (002180) | $18.38 Billion | 6.33% | 1.37x | $3.54 Billion |
| Costar Group Co Ltd (002189) | $510.60 Million | 2.69% | 0.49x | $700.22 Million |
| Hangzhou Hikvision Digital Technology Co Ltd (002415) | $54.48 Billion | 24.57% | 0.63x | $50.49 Billion |
| Shenzhen Rapoo Technology (002577) | $1.16 Billion | 2.75% | 0.07x | $743.43 Million |
| Suzhou Anjie Technology Co Ltd (002635) | $1.30 Billion | 9.72% | 0.80x | $1.28 Billion |
| Netac Tech (300042) | $878.09 Million | 5.06% | 0.05x | $1.15 Billion |
About Dawning Information Industry Co Ltd
Dawning Information Industry Co., Ltd. engages in research, development, and manufacturing of computers, storage, security, and data center products. It offers high-end computer products that include rack servers, high-density servers, blade servers, and hyper-converged all-in-one products; storage products, including distributed storage series, centralized all-flash storage series, and disk arra… Read more