Guangdong Super Telecom (603322) - Net Assets
Based on the latest financial reports, Guangdong Super Telecom (603322) has net assets worth CN¥322.10 Million CNY (≈ $47.13 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¥2.23 Billion ≈ $326.38 Million USD) and total liabilities (CN¥1.91 Billion ≈ $279.24 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 603322 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥322.10 Million |
| % of Total Assets | 14.44% |
| Annual Growth Rate | 5.44% |
| 5-Year Change | -61.22% |
| 10-Year Change | 7.81% |
| Growth Volatility | 33.05 |
Guangdong Super Telecom - Net Assets Trend (2011–2024)
This chart illustrates how Guangdong Super Telecom's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Guangdong Super Telecom for the complete picture of this company's asset base.
Annual Net Assets for Guangdong Super Telecom (2011–2024)
The table below shows the annual net assets of Guangdong Super Telecom from 2011 to 2024. For live valuation and market cap data, see 603322 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥257.95 Million ≈ $37.75 Million |
-22.29% |
| 2023-12-31 | CN¥331.94 Million ≈ $48.57 Million |
+4.43% |
| 2022-12-31 | CN¥317.86 Million ≈ $46.51 Million |
-16.10% |
| 2021-12-31 | CN¥378.86 Million ≈ $55.44 Million |
-43.04% |
| 2020-12-31 | CN¥665.10 Million ≈ $97.33 Million |
+7.02% |
| 2019-12-31 | CN¥621.48 Million ≈ $90.94 Million |
-7.74% |
| 2018-12-31 | CN¥673.59 Million ≈ $98.57 Million |
+37.31% |
| 2017-12-31 | CN¥490.55 Million ≈ $71.78 Million |
+2.46% |
| 2016-12-31 | CN¥478.77 Million ≈ $70.06 Million |
+100.10% |
| 2015-12-31 | CN¥239.26 Million ≈ $35.01 Million |
+19.38% |
| 2014-12-31 | CN¥200.42 Million ≈ $29.33 Million |
+14.60% |
| 2013-12-31 | CN¥174.88 Million ≈ $25.59 Million |
+6.82% |
| 2012-12-31 | CN¥163.72 Million ≈ $23.96 Million |
+26.35% |
| 2011-12-31 | CN¥129.58 Million ≈ $18.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guangdong Super Telecom'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 1680.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥157.59 Million | 69.05% |
| Other Comprehensive Income | CN¥73.47 Million | 32.19% |
| Other Components | CN¥151.75 Million | 66.49% |
| Total Equity | CN¥228.24 Million | 100.00% |
Guangdong Super Telecom Competitors by Market Cap
The table below lists competitors of Guangdong Super Telecom ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Yuanlong Yato Culture Dissemination Co Ltd
SHE:002878
|
$749.50 Million |
|
COFCO Joycome Foods Limited
F:0M7
|
$749.96 Million |
|
Guangdong Sunwill Precising Plastic Co Ltd
SHE:002676
|
$750.15 Million |
|
Marimaca Copper Corp.
AU:MC2
|
$750.39 Million |
|
Ciputra Development Tbk
JK:CTRA
|
$749.42 Million |
|
Beijing SinoHytec Co. Ltd. A
SHG:688339
|
$749.19 Million |
|
One United Properties SA
RO:ONE
|
$748.49 Million |
|
TTET Union Corp
TW:1232
|
$748.45 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Super Telecom's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 295,355,421 to 228,235,468, a change of -67,119,953 (-22.7%).
- Net loss of 61,762,097 reduced equity.
- Dividend payments of 13,747,774 reduced retained earnings.
- Other comprehensive income increased equity by 73,466,522.
- Other factors decreased equity by 65,076,604.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-61.76 Million | -27.06% |
| Dividends Paid | CN¥13.75 Million | -6.02% |
| Other Comprehensive Income | CN¥73.47 Million | +32.19% |
| Other Changes | CN¥-65.08 Million | -28.51% |
| Total Change | CN¥- | -22.73% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Super Telecom'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: 22.55x
- 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 29.49x to 22.55x 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¥1.10 | CN¥32.50 | x |
| 2012-12-31 | CN¥1.40 | CN¥32.50 | x |
| 2013-12-31 | CN¥1.51 | CN¥32.50 | x |
| 2014-12-31 | CN¥1.72 | CN¥32.50 | x |
| 2015-12-31 | CN¥2.03 | CN¥32.50 | x |
| 2016-12-31 | CN¥3.55 | CN¥32.50 | x |
| 2017-12-31 | CN¥4.43 | CN¥32.50 | x |
| 2018-12-31 | CN¥4.92 | CN¥32.50 | x |
| 2019-12-31 | CN¥2.45 | CN¥32.50 | x |
| 2020-12-31 | CN¥2.70 | CN¥32.50 | x |
| 2021-12-31 | CN¥1.23 | CN¥32.50 | x |
| 2022-12-31 | CN¥1.46 | CN¥32.50 | x |
| 2023-12-31 | CN¥1.89 | CN¥32.50 | x |
| 2024-12-31 | CN¥1.44 | CN¥32.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Super Telecom 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): -27.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -3.69%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 11.99x
- Recent ROE (-27.06%) is below the historical average (-2.63%), 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 | 29.63% | 16.55% | 1.16x | 1.54x | CN¥25.44 Million |
| 2012 | 22.94% | 10.45% | 1.29x | 1.71x | CN¥21.18 Million |
| 2013 | 9.81% | 3.86% | 1.10x | 2.31x | CN¥-323.72K |
| 2014 | 14.24% | 5.07% | 1.08x | 2.61x | CN¥8.49 Million |
| 2015 | 17.82% | 6.14% | 1.07x | 2.72x | CN¥18.71 Million |
| 2016 | 6.33% | 3.90% | 0.74x | 2.20x | CN¥-17.59 Million |
| 2017 | 4.36% | 2.25% | 0.74x | 2.63x | CN¥-27.68 Million |
| 2018 | 5.08% | 1.78% | 0.63x | 4.53x | CN¥-24.02 Million |
| 2019 | -24.48% | -7.37% | 0.57x | 5.86x | CN¥-131.47 Million |
| 2020 | 9.42% | 2.68% | 0.65x | 5.43x | CN¥-2.44 Million |
| 2021 | -118.03% | -15.56% | 0.66x | 11.44x | CN¥-250.38 Million |
| 2022 | 6.69% | 0.75% | 0.94x | 9.50x | CN¥-7.52 Million |
| 2023 | 6.36% | 0.77% | 1.12x | 7.40x | CN¥-10.75 Million |
| 2024 | -27.06% | -3.69% | 0.61x | 11.99x | CN¥-84.59 Million |
Industry Comparison
This section compares Guangdong Super Telecom's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $5,529,985,490
- Average return on equity (ROE) among peers: -0.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Super Telecom (603322) | CN¥322.10 Million | 29.63% | 5.92x | $749.45 Million |
| ZTE Corp (000063) | $43.35 Billion | 8.36% | 1.79x | $21.63 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $204.52 Million | 22.76% | 2.18x | $2.38 Billion |
| Addsino Co Ltd (000547) | $459.32 Million | -8.36% | 1.39x | $5.75 Billion |
| Sichuan Huiyuan Optical Com (000586) | $262.65 Million | 0.31% | 1.13x | $501.31 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $78.54 Million | 4.37% | 0.86x | $417.18 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.80 Billion | 2.74% | 0.79x | $1.90 Billion |
| Skyworth Digital Co Ltd (000810) | $2.01 Billion | 18.94% | 0.94x | $2.14 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $2.78 Billion | 2.03% | 1.22x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $916.66 Million | -66.59% | 1.08x | $1.11 Billion |
| Sunwave Communications Co Ltd (002115) | $2.43 Billion | 5.61% | 0.88x | $1.71 Billion |
About Guangdong Super Telecom
Super Telecom Co.,Ltd, together with its subsidiaries, provides communication, ICT, and new energy services in China. The company offers telecommunication technology services, including communication engineering and maintenance, network optimization, and IoT maintenance services; intelligent hardware, such as full-band NB-IoT chip, communication modules, small cell, smart meters, and fire control… Read more