Cashway Technology Co Ltd (603106) - Net Assets
Based on the latest financial reports, Cashway Technology Co Ltd (603106) has net assets worth CN¥1.31 Billion CNY (≈ $191.45 Million 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¥1.66 Billion ≈ $243.08 Million USD) and total liabilities (CN¥352.86 Million ≈ $51.63 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 603106 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.31 Billion |
| % of Total Assets | 78.76% |
| Annual Growth Rate | 16.29% |
| 5-Year Change | -19.92% |
| 10-Year Change | 121.79% |
| Growth Volatility | 37.55 |
Cashway Technology Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how Cashway Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Cashway Technology Co Ltd (603106) total assets for the complete picture of this company's asset base.
Annual Net Assets for Cashway Technology Co Ltd (2013–2024)
The table below shows the annual net assets of Cashway Technology Co Ltd from 2013 to 2024. For live valuation and market cap data, see 603106 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.31 Billion ≈ $191.08 Million |
+3.17% |
| 2023-12-31 | CN¥1.27 Billion ≈ $185.21 Million |
-14.11% |
| 2022-12-31 | CN¥1.47 Billion ≈ $215.64 Million |
-9.35% |
| 2021-12-31 | CN¥1.63 Billion ≈ $237.89 Million |
-0.31% |
| 2020-12-31 | CN¥1.63 Billion ≈ $238.62 Million |
+2.06% |
| 2019-12-31 | CN¥1.60 Billion ≈ $233.80 Million |
-3.53% |
| 2018-12-31 | CN¥1.66 Billion ≈ $242.35 Million |
+4.62% |
| 2017-12-31 | CN¥1.58 Billion ≈ $231.64 Million |
+116.07% |
| 2016-12-31 | CN¥732.65 Million ≈ $107.21 Million |
+24.44% |
| 2015-12-31 | CN¥588.74 Million ≈ $86.15 Million |
+47.04% |
| 2014-12-31 | CN¥400.40 Million ≈ $58.59 Million |
+61.36% |
| 2013-12-31 | CN¥248.14 Million ≈ $36.31 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cashway Technology 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 138.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥520.52 Million | 39.86% |
| Other Comprehensive Income | CN¥48.57 Million | 3.72% |
| Other Components | CN¥755.89 Million | 57.89% |
| Total Equity | CN¥1.31 Billion | 100.00% |
Cashway Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Cashway Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sichuan Zhongguang Lightning Protection Technologies Co Ltd
SHE:300414
|
$677.92 Million |
|
JSE Limited
JSE:JSE
|
$678.17 Million |
|
Changzhou Langbo Seal Polytron Technologies Co Ltd Class A
SHG:603655
|
$678.46 Million |
|
Wuhan Thalys Med Tech Co Ltd
SHG:603716
|
$678.46 Million |
|
Addnode Group AB (publ)
ST:ANOD-B
|
$677.70 Million |
|
Yujin Robot Co. Ltd
KQ:056080
|
$677.48 Million |
|
Beijing Tianyishangjia New Material Corp Ltd
SHG:688033
|
$677.06 Million |
|
HELLOFRESH UNSP.ADS/025
F:HFG0
|
$677.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cashway Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,265,660,203 to 1,305,783,778, a change of 40,123,575 (3.2%).
- Net income of 40,123,574 contributed positively to equity growth.
- Other comprehensive income increased equity by 2,275,495.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥40.12 Million | +3.07% |
| Other Comprehensive Income | CN¥2.28 Million | +0.17% |
| Other Changes | CN¥-2.28 Million | -0.17% |
| Total Change | CN¥- | 3.17% |
Book Value vs Market Value Analysis
This analysis compares Cashway Technology 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: 3.42x
- 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 13.86x to 3.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.64 | CN¥8.90 | x |
| 2014-12-31 | CN¥1.04 | CN¥8.90 | x |
| 2015-12-31 | CN¥1.52 | CN¥8.90 | x |
| 2016-12-31 | CN¥1.89 | CN¥8.90 | x |
| 2017-12-31 | CN¥3.77 | CN¥8.90 | x |
| 2018-12-31 | CN¥3.18 | CN¥8.90 | x |
| 2019-12-31 | CN¥3.07 | CN¥8.90 | x |
| 2020-12-31 | CN¥3.13 | CN¥8.90 | x |
| 2021-12-31 | CN¥3.12 | CN¥8.90 | x |
| 2022-12-31 | CN¥2.83 | CN¥8.90 | x |
| 2023-12-31 | CN¥2.43 | CN¥8.90 | x |
| 2024-12-31 | CN¥2.60 | CN¥8.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cashway Technology 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): 3.07%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.17%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.33x
- Recent ROE (3.07%) is below the historical average (6.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 23.54% | 11.46% | 0.53x | 3.87x | CN¥33.59 Million |
| 2014 | 15.92% | 9.29% | 0.69x | 2.49x | CN¥23.68 Million |
| 2015 | 24.01% | 15.49% | 0.69x | 2.23x | CN¥82.46 Million |
| 2016 | 19.64% | 12.31% | 0.63x | 2.53x | CN¥70.64 Million |
| 2017 | 9.43% | 10.05% | 0.64x | 1.47x | CN¥-9.09 Million |
| 2018 | 4.84% | 8.23% | 0.42x | 1.40x | CN¥-85.43 Million |
| 2019 | -2.44% | -3.83% | 0.38x | 1.67x | CN¥-198.71 Million |
| 2020 | 1.99% | 3.51% | 0.36x | 1.57x | CN¥-130.64 Million |
| 2021 | 1.17% | 2.66% | 0.29x | 1.51x | CN¥-143.55 Million |
| 2022 | -10.32% | -25.99% | 0.26x | 1.50x | CN¥-299.42 Million |
| 2023 | -16.43% | -48.74% | 0.23x | 1.44x | CN¥-334.54 Million |
| 2024 | 3.07% | 9.17% | 0.25x | 1.33x | CN¥-90.45 Million |
Industry Comparison
This section compares Cashway Technology Co Ltd's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $1,419,702,516
- Average return on equity (ROE) among peers: 9.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Cashway Technology Co Ltd (603106) | CN¥1.31 Billion | 23.54% | 0.27x | $677.90 Million |
| Shaanxi Fenghuo Electronics Co Ltd (000561) | $175.63 Million | 33.09% | 2.43x | $1.20 Billion |
| Guangbo Group Stock Co Ltd (002103) | $723.86 Million | 8.31% | 0.76x | $624.67 Million |
| Hengbao Co Ltd (002104) | $53.55 Million | 5.20% | 2.35x | $1.47 Billion |
| GRG Banking Equipment Co Ltd (002152) | $4.33 Billion | 18.66% | 0.54x | $4.24 Billion |
| Guangzhou KingTeller Technology Co Ltd (002177) | $391.70 Million | 15.26% | 0.60x | $832.06 Million |
| Shenzhen Comix Group Co Ltd (002301) | $962.21 Million | 7.48% | 0.19x | $728.30 Million |
| Shandong New Beiyang Information Technology Co Ltd (002376) | $2.88 Billion | 9.94% | 0.41x | $872.98 Million |
| Suzhou Goldengreen Technologies Ltd (002808) | $365.02 Million | -6.00% | 0.34x | $111.31 Million |
| Xgd Inc (300130) | $2.82 Billion | 1.59% | 0.37x | $1.84 Billion |
| Wuhan Tianyu Info Industry (300205) | $1.50 Billion | 5.77% | 1.19x | $384.51 Million |
About Cashway Technology Co Ltd
Cashway Fintech Co.,Ltd. provides financial electronic products and solutions in China and internationally. The company engages in the research and development, manufacture, marketing, operation, and monitoring of banking self-service equipment. It also provides automated teller machine, cash recycling and depositing machine, teller cash recycler, and currency exchange machine; smart and video te… Read more