Shenzhen Gongjin Electn (603118) - Net Assets
Based on the latest financial reports, Shenzhen Gongjin Electn (603118) has net assets worth CN¥5.07 Billion CNY (≈ $742.46 Million 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¥10.38 Billion ≈ $1.52 Billion USD) and total liabilities (CN¥5.30 Billion ≈ $775.96 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 tangible net worth ratio of Shenzhen Gongjin Electn to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.07 Billion |
| % of Total Assets | 48.9% |
| Annual Growth Rate | 13.68% |
| 5-Year Change | 1.84% |
| 10-Year Change | 17.98% |
| Growth Volatility | 27.5 |
Shenzhen Gongjin Electn - Net Assets Trend (2011–2025)
This chart illustrates how Shenzhen Gongjin Electn's net assets have evolved over time, based on quarterly financial data. See 603118 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shenzhen Gongjin Electn (2011–2025)
The table below shows the annual net assets of Shenzhen Gongjin Electn from 2011 to 2025. For live valuation and market cap data, see Shenzhen Gongjin Electn stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥5.05 Billion ≈ $739.60 Million |
+1.80% |
| 2024-12-31 | CN¥4.96 Billion ≈ $726.49 Million |
-3.29% |
| 2023-12-31 | CN¥5.13 Billion ≈ $751.23 Million |
-0.31% |
| 2022-12-31 | CN¥5.15 Billion ≈ $753.56 Million |
+3.76% |
| 2021-12-31 | CN¥4.96 Billion ≈ $726.25 Million |
+5.77% |
| 2020-12-31 | CN¥4.69 Billion ≈ $686.64 Million |
+5.24% |
| 2019-12-31 | CN¥4.46 Billion ≈ $652.48 Million |
-2.18% |
| 2018-12-31 | CN¥4.56 Billion ≈ $667.01 Million |
+4.89% |
| 2017-12-31 | CN¥4.35 Billion ≈ $635.90 Million |
+1.44% |
| 2016-12-31 | CN¥4.28 Billion ≈ $626.87 Million |
+83.79% |
| 2015-12-31 | CN¥2.33 Billion ≈ $341.08 Million |
+79.68% |
| 2014-12-31 | CN¥1.30 Billion ≈ $189.82 Million |
+9.76% |
| 2013-12-31 | CN¥1.18 Billion ≈ $172.95 Million |
+16.64% |
| 2012-12-31 | CN¥1.01 Billion ≈ $148.28 Million |
+20.69% |
| 2011-12-31 | CN¥839.60 Million ≈ $122.86 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Gongjin Electn'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 5561.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.26 Billion | 24.92% |
| Other Components | CN¥3.79 Billion | 75.08% |
| Total Equity | CN¥5.05 Billion | 100.00% |
Shenzhen Gongjin Electn Competitors by Market Cap
The table below lists competitors of Shenzhen Gongjin Electn ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CEAT Limited
NSE:CEATLTD
|
$1.52 Billion |
|
Dar Global Plc
LSE:DAR
|
$1.52 Billion |
|
Kennedy-Wilson Holdings Inc
NYSE:KW
|
$1.52 Billion |
|
dentalcorp Holdings Ltd
TO:DNTL
|
$1.52 Billion |
|
Adriatic Metals Plc
AU:ADT
|
$1.52 Billion |
|
LPI Capital Bhd
KLSE:8621
|
$1.52 Billion |
|
Cyrela Brazil Realty S.A. Empreendimentos e Participações
SA:CYRE3
|
$1.52 Billion |
|
Zhejiang Jingxin Pharmaceutical Co Ltd
SHE:002020
|
$1.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Gongjin Electn's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,964,676,734 to 5,054,253,512, a change of 89,576,778 (1.8%).
- Net income of 77,782,782 contributed positively to equity growth.
- Dividend payments of 30,860,775 reduced retained earnings.
- Other comprehensive income decreased equity by 367,790,043.
- Other factors increased equity by 410,444,814.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥77.78 Million | +1.54% |
| Dividends Paid | CN¥30.86 Million | -0.61% |
| Other Comprehensive Income | CN¥-367.79 Million | -7.28% |
| Other Changes | CN¥410.44 Million | +8.12% |
| Total Change | CN¥- | 1.80% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Gongjin Electn'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: 2.06x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 7.32x to 2.06x 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¥1.80 | CN¥13.20 | x |
| 2012-12-31 | CN¥2.04 | CN¥13.20 | x |
| 2013-12-31 | CN¥2.39 | CN¥13.20 | x |
| 2014-12-31 | CN¥2.62 | CN¥13.20 | x |
| 2015-12-31 | CN¥3.69 | CN¥13.20 | x |
| 2016-12-31 | CN¥5.99 | CN¥13.20 | x |
| 2017-12-31 | CN¥5.57 | CN¥13.20 | x |
| 2018-12-31 | CN¥5.86 | CN¥13.20 | x |
| 2019-12-31 | CN¥5.72 | CN¥13.20 | x |
| 2020-12-31 | CN¥6.04 | CN¥13.20 | x |
| 2021-12-31 | CN¥6.40 | CN¥13.20 | x |
| 2022-12-31 | CN¥6.58 | CN¥13.20 | x |
| 2023-12-31 | CN¥6.35 | CN¥13.20 | x |
| 2024-12-31 | CN¥6.21 | CN¥13.20 | x |
| 2025-12-31 | CN¥6.42 | CN¥13.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Gongjin Electn 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): 1.54%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.85%
- • Asset Turnover: 0.82x
- • Equity Multiplier: 2.22x
- Recent ROE (1.54%) is below the historical average (7.74%), 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 | 16.38% | 3.52% | 1.51x | 3.09x | CN¥53.57 Million |
| 2012 | 17.15% | 3.48% | 1.65x | 2.99x | CN¥72.42 Million |
| 2013 | 14.29% | 3.39% | 1.61x | 2.62x | CN¥50.67 Million |
| 2014 | 14.94% | 3.51% | 1.62x | 2.63x | CN¥64.05 Million |
| 2015 | 10.84% | 3.87% | 1.41x | 1.99x | CN¥19.58 Million |
| 2016 | 8.01% | 5.24% | 0.94x | 1.62x | CN¥-85.06 Million |
| 2017 | 2.33% | 1.34% | 1.05x | 1.66x | CN¥-333.01 Million |
| 2018 | 4.27% | 2.31% | 1.03x | 1.80x | CN¥-258.35 Million |
| 2019 | 7.00% | 3.96% | 0.95x | 1.86x | CN¥-133.42 Million |
| 2020 | 7.40% | 3.92% | 1.01x | 1.86x | CN¥-122.05 Million |
| 2021 | 7.97% | 3.66% | 1.11x | 1.97x | CN¥-100.78 Million |
| 2022 | 4.41% | 2.07% | 1.04x | 2.05x | CN¥-287.41 Million |
| 2023 | 1.26% | 0.76% | 0.84x | 1.99x | CN¥-449.36 Million |
| 2024 | -1.61% | -0.95% | 0.91x | 1.85x | CN¥-576.41 Million |
| 2025 | 1.54% | 0.85% | 0.82x | 2.22x | CN¥-427.64 Million |
Industry Comparison
This section compares Shenzhen Gongjin Electn's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,668,860,588
- Average return on equity (ROE) among peers: -18.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Gongjin Electn (603118) | CN¥5.07 Billion | 16.38% | 1.05x | $1.52 Billion |
| ZTE Corp (000063) | $42.55 Million | 189.70% | 2.42x | $22.33 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $2.88 Billion | 11.20% | 1.46x | $2.73 Billion |
| Addsino Co Ltd (000547) | $5.57 Billion | 3.88% | 0.24x | $4.61 Billion |
| Sichuan Huiyuan Optical Com (000586) | $260.80 Million | 1.16% | 1.11x | $431.95 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $1.39 Billion | -102.15% | 5.62x | $401.25 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $178.59 Million | 6.04% | 0.38x | $1.72 Billion |
| Skyworth Digital Co Ltd (000810) | $4.56 Billion | 9.25% | 1.46x | $2.07 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $820.93 Million | -279.00% | 4.69x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $870.26 Million | -47.89% | 2.43x | $930.39 Million |
| Sunwave Communications Co Ltd (002115) | $112.36 Million | 24.04% | 1.27x | $1.39 Billion |
About Shenzhen Gongjin Electn
Shenzhen Gongjin Electronics Co., Ltd. engages in the research and development, manufacture, and sale of mobile communication equipment and application products in China and internationally. It provides automotive electronics products, such as driver assistance systems (ADAS), intelligent cockpit products, electronic exterior rearview mirror (CMS), domain controller unit, intelligent driving perc… Read more