Shanghai Koal Software Co Ltd Net Assets
Shanghai Koal Software Co Ltd net assets. Based on the latest financial reports, Shanghai Koal Software Co Ltd (603232) has net assets worth CN¥1.27 Billion CNY (≈ $185.47 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.55 Billion ≈ $227.09 Million USD) and total liabilities (CN¥284.40 Million ≈ $41.62 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. Also explore 603232 net asset momentum to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.27 Billion |
| % of Total Assets | 81.67% |
| Annual Growth Rate | 19.98% |
| 5-Year Change | -4.88% |
| 10-Year Change | 346.14% |
| Growth Volatility | 32.99 |
Net Assets of Shanghai Koal Software Co Ltd (2012–2025)
Net assets of Shanghai Koal Software Co Ltd from 2012 to 2025. This chart illustrates how Shanghai Koal Software Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603232 net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for Shanghai Koal Software Co Ltd (2012–2025)
The table below shows the annual net assets of Shanghai Koal Software Co Ltd from 2012 to 2025. For live market cap and overall valuation, see Shanghai Koal Software Co Ltd (603232) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.33 Billion ≈ $194.29 Million |
-6.45% |
| 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 1184.0% over the analyzed period, indicating profitable operations and earnings retention.
Shanghai Koal Software Co Ltd Net Assets Breakdown (December 2025)
Shanghai Koal Software Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥323.15 Million | 24.32% |
| Other Components | CN¥1.01 Billion | 75.68% |
| Total Equity | CN¥1.33 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 |
|---|---|
|
Future Generation Global Ltd
AU:FGG
|
$462.46 Million |
|
Shengjing Bank Co. Ltd
F:6SY
|
$462.48 Million |
|
Forus S.A
SN:FORUS
|
$462.49 Million |
|
Integrated Electronic Systems Lab Co Ltd
SHE:002339
|
$462.50 Million |
|
Jiangxi Wannianqing Cement Co Ltd
SHE:000789
|
$462.08 Million |
|
Chengdu Zhimingda Electronics Co. Ltd. A
SHG:688636
|
$461.88 Million |
|
Hsin Kuang Steel Co Ltd
TW:2031
|
$461.88 Million |
|
Jiangsu Rijiu Optoelectronics Joint
SHE:003015
|
$461.88 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 2024 to 2025, total equity changed from 1,419,573,166 to 1,328,716,253, a change of -90,856,913 (-6.4%).
- Net loss of 84,766,344 reduced equity.
- Dividend payments of 13,433,114 reduced retained earnings.
- Other comprehensive income decreased equity by 49,540,683.
- Other factors increased equity by 56,883,227.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-84.77 Million | -6.38% |
| Dividends Paid | CN¥13.43 Million | -1.01% |
| Other Comprehensive Income | CN¥-49.54 Million | -3.73% |
| Other Changes | CN¥56.88 Million | +4.28% |
| Total Change | CN¥- | -6.40% |
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: 2.39x
- 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 14.45x to 2.39x 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¥13.59 | x |
| 2013-12-31 | CN¥1.08 | CN¥13.59 | x |
| 2014-12-31 | CN¥1.30 | CN¥13.59 | x |
| 2015-12-31 | CN¥1.58 | CN¥13.59 | x |
| 2016-12-31 | CN¥1.91 | CN¥13.59 | x |
| 2017-12-31 | CN¥3.04 | CN¥13.59 | x |
| 2018-12-31 | CN¥3.00 | CN¥13.59 | x |
| 2019-12-31 | CN¥3.24 | CN¥13.59 | x |
| 2020-12-31 | CN¥5.82 | CN¥13.59 | x |
| 2021-12-31 | CN¥5.95 | CN¥13.59 | x |
| 2022-12-31 | CN¥6.31 | CN¥13.59 | x |
| 2023-12-31 | CN¥6.06 | CN¥13.59 | x |
| 2024-12-31 | CN¥6.17 | CN¥13.59 | x |
| 2025-12-31 | CN¥5.68 | CN¥13.59 | 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): -6.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.71%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.17x
- Recent ROE (-6.38%) is below the historical average (10.59%), 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 | -0.63% | -1.32% | 0.38x | 1.27x | CN¥-146.11 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 |
| 2025 | -6.38% | -23.71% | 0.23x | 1.17x | CN¥-217.64 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: $2,165,122,884
- Average return on equity (ROE) among peers: 7.65%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Koal Software Co Ltd (603232) | CN¥1.27 Billion | 21.67% | 0.22x | $462.45 Million |
| Eastcompeace Technology Co Ltd (002017) | $418.66 Million | 5.29% | 0.42x | $1.04 Billion |
| Wiscom System Co Ltd (002090) | $540.33 Million | 9.04% | 0.79x | $464.25 Million |
| Topsec Technologies Group Inc (002212) | $1.70 Billion | 5.53% | 0.32x | $982.04 Million |
| Focus Technology Co Ltd (002315) | $2.53 Billion | 17.80% | 0.66x | $1.70 Billion |
| Beijing Venustech Inc (002439) | $1.80 Billion | 13.57% | 0.57x | $2.49 Billion |
| Maxvision Technology Corp (002990) | $412.22 Million | 34.39% | 1.09x | $1.18 Billion |
| Wangsu Science Tech (300017) | $10.38 Billion | 7.70% | 0.15x | $5.38 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $2.04 Billion | 5.64% | 0.56x | $755.91 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $982.11 Million | -28.81% | 0.66x | $2.98 Billion |
| TIZA Information Industry Corporation Inc (300209) | $850.34 Million | 6.34% | 0.10x | $2.78 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 security infrastructure platform, including timestamp and signa… Read more