Shanghai Koal Software Co Ltd (603232) - Net Assets
Based on the latest financial reports, Shanghai Koal Software Co Ltd (603232) has net assets worth CN¥1.35 Billion CNY (≈ $196.89 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¥1.58 Billion ≈ $230.94 Million USD) and total liabilities (CN¥232.68 Million ≈ $34.05 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 Shanghai Koal Software Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.35 Billion |
| % of Total Assets | 85.26% |
| Annual Growth Rate | 22.49% |
| 5-Year Change | 6.72% |
| 10-Year Change | 477.99% |
| Growth Volatility | 33.13 |
Shanghai Koal Software Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Shanghai Koal Software Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Koal Software Co Ltd assets under control for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Koal Software Co Ltd (2012–2024)
The table below shows the annual net assets of Shanghai Koal Software Co Ltd from 2012 to 2024. For live valuation and market cap data, see Shanghai Koal Software Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.42 Billion ≈ $207.69 Million |
+1.31% |
| 2023-12-31 | CN¥1.40 Billion ≈ $205.02 Million |
+1.94% |
| 2022-12-31 | CN¥1.37 Billion ≈ $201.11 Million |
-1.55% |
| 2021-12-31 | CN¥1.40 Billion ≈ $204.27 Million |
+4.96% |
| 2020-12-31 | CN¥1.33 Billion ≈ $194.61 Million |
+100.10% |
| 2019-12-31 | CN¥664.62 Million ≈ $97.25 Million |
+6.71% |
| 2018-12-31 | CN¥622.83 Million ≈ $91.14 Million |
+8.35% |
| 2017-12-31 | CN¥574.84 Million ≈ $84.12 Million |
+93.15% |
| 2016-12-31 | CN¥297.61 Million ≈ $43.55 Million |
+21.19% |
| 2015-12-31 | CN¥245.56 Million ≈ $35.93 Million |
+21.67% |
| 2014-12-31 | CN¥201.83 Million ≈ $29.53 Million |
+22.55% |
| 2013-12-31 | CN¥164.69 Million ≈ $24.10 Million |
+32.44% |
| 2012-12-31 | CN¥124.36 Million ≈ $18.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Koal Software 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 1581.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥423.17 Million | 29.81% |
| Common Stock | CN¥236.05 Million | 16.63% |
| Other Comprehensive Income | CN¥49.54 Million | 3.49% |
| Other Components | CN¥710.82 Million | 50.07% |
| Total Equity | CN¥1.42 Billion | 100.00% |
Shanghai Koal Software Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Koal Software Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JinJian Cereals Industry Co Ltd
SHG:600127
|
$639.55 Million |
|
Sincere Navigation Corp
TW:2605
|
$639.93 Million |
|
Klaveness Combination Carriers ASA
OL:KCC
|
$640.12 Million |
|
Arvind Fashions Limited
NSE:ARVINDFASN
|
$640.27 Million |
|
BGRIMM Science and Technology Co Ltd
SHG:600980
|
$638.65 Million |
|
Zhuhai Huajin Capital Co Ltd
SHE:000532
|
$638.59 Million |
|
Safe Bulkers Inc
NYSE:SB
|
$638.53 Million |
|
Guangdong Champion Asia Electronics Co Ltd
SHG:603386
|
$638.43 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Koal Software Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,401,105,488 to 1,419,573,166, a change of 18,467,678 (1.3%).
- Net income of 36,812,125 contributed positively to equity growth.
- Dividend payments of 14,082,798 reduced retained earnings.
- Share repurchases of 12,224,599 reduced equity.
- Other comprehensive income increased equity by 7,186,272.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥36.81 Million | +2.59% |
| Dividends Paid | CN¥14.08 Million | -0.99% |
| Share Repurchases | CN¥12.22 Million | -0.86% |
| Other Comprehensive Income | CN¥7.19 Million | +0.51% |
| Other Changes | CN¥776.68K | +0.05% |
| Total Change | CN¥- | 1.32% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Koal Software 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: 3.02x
- 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 19.84x to 3.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.94 | CN¥18.65 | x |
| 2013-12-31 | CN¥1.08 | CN¥18.65 | x |
| 2014-12-31 | CN¥1.30 | CN¥18.65 | x |
| 2015-12-31 | CN¥1.59 | CN¥18.65 | x |
| 2016-12-31 | CN¥1.91 | CN¥18.65 | x |
| 2017-12-31 | CN¥3.04 | CN¥18.65 | x |
| 2018-12-31 | CN¥3.00 | CN¥18.65 | x |
| 2019-12-31 | CN¥3.21 | CN¥18.65 | x |
| 2020-12-31 | CN¥6.21 | CN¥18.65 | x |
| 2021-12-31 | CN¥5.95 | CN¥18.65 | x |
| 2022-12-31 | CN¥5.90 | CN¥18.65 | x |
| 2023-12-31 | CN¥6.06 | CN¥18.65 | x |
| 2024-12-31 | CN¥6.17 | CN¥18.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Koal Software 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): 2.59%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.96%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.18x
- Recent ROE (2.59%) is below the historical average (11.89%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 21.67% | 21.17% | 0.82x | 1.25x | CN¥14.45 Million |
| 2013 | 24.58% | 26.65% | 0.63x | 1.47x | CN¥23.94 Million |
| 2014 | 20.91% | 25.63% | 0.59x | 1.39x | CN¥22.00 Million |
| 2015 | 19.55% | 25.82% | 0.60x | 1.27x | CN¥23.40 Million |
| 2016 | 18.99% | 24.29% | 0.66x | 1.19x | CN¥26.69 Million |
| 2017 | 12.23% | 25.86% | 0.41x | 1.15x | CN¥12.81 Million |
| 2018 | 11.55% | 23.27% | 0.43x | 1.17x | CN¥9.62 Million |
| 2019 | 10.56% | 18.91% | 0.43x | 1.29x | CN¥3.70 Million |
| 2020 | 4.29% | 12.83% | 0.27x | 1.22x | CN¥-75.84 Million |
| 2021 | 5.71% | 13.04% | 0.32x | 1.36x | CN¥-59.81 Million |
| 2022 | -0.67% | -1.39% | 0.38x | 1.27x | CN¥-146.55 Million |
| 2023 | 2.64% | 6.59% | 0.34x | 1.19x | CN¥-103.14 Million |
| 2024 | 2.59% | 6.96% | 0.32x | 1.18x | CN¥-105.15 Million |
Industry Comparison
This section compares Shanghai Koal Software Co Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $977,143,599
- Average return on equity (ROE) among peers: -60.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Koal Software Co Ltd (603232) | CN¥1.35 Billion | 21.67% | 0.17x | $638.83 Million |
| Eastcompeace Technology Co Ltd (002017) | $410.34 Million | 9.14% | 0.48x | $1.61 Billion |
| Wiscom System Co Ltd (002090) | $436.23 Million | 11.30% | 0.39x | $658.27 Million |
| Topsec Technologies Group Inc (002212) | $1.80 Billion | 3.14% | 0.75x | $1.26 Billion |
| Focus Technology Co Ltd (002315) | $1.62 Billion | 10.04% | 0.15x | $1.41 Billion |
| Beijing Venustech Inc (002439) | $994.71 Million | 6.03% | 0.19x | $2.77 Billion |
| Maxvision Technology Corp (002990) | $2.02 Billion | 8.85% | 0.50x | $2.06 Billion |
| Wangsu Science Tech (300017) | $708.43 Million | 5.48% | 0.03x | $5.76 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $1.18 Billion | 10.37% | 0.34x | $1.15 Billion |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $539.78 Million | -23.92% | 1.03x | $3.85 Billion |
| TIZA Information Industry Corporation Inc (300209) | $56.50 Million | -649.13% | 13.39x | $2.37 Billion |
About Shanghai Koal Software Co Ltd
Koal Software Co., Ltd. develops public key infrastructure platform in China. The company offers identity security infrastructure, such as root certificate issuing, certificate issuing, certificate enrollment auditing system, key and certificate integrated management, and trusted identity management and control systems; cryptographic service platform, including timestamp and signature verificatio… Read more