G-bits Network Technology Xiamen Co Ltd
G-bits Network Technology (Xiamen) Co., Ltd. develops and operates of PC and mobile online games. It also offers consultation and publishing services to game producers. The company was founded in 2004 and is based in Xiamen, China.
G-bits Network Technology Xiamen Co Ltd (603444) - Net Assets
Latest net assets as of September 2025: CN¥6.40 Billion CNY
Based on the latest financial reports, G-bits Network Technology Xiamen Co Ltd (603444) has net assets worth CN¥6.40 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.21 Billion) and total liabilities (CN¥1.80 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.40 Billion |
| % of Total Assets | 78.04% |
| Annual Growth Rate | 24.83% |
| 5-Year Change | 32.62% |
| 10-Year Change | 1046.87% |
| Growth Volatility | 83.92 |
G-bits Network Technology Xiamen Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how G-bits Network Technology Xiamen Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for G-bits Network Technology Xiamen Co Ltd (2011–2024)
The table below shows the annual net assets of G-bits Network Technology Xiamen Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.63 Billion | +7.35% |
| 2023-12-31 | CN¥5.25 Billion | +11.43% |
| 2022-12-31 | CN¥4.71 Billion | -6.92% |
| 2021-12-31 | CN¥5.06 Billion | +19.11% |
| 2020-12-31 | CN¥4.25 Billion | +23.66% |
| 2019-12-31 | CN¥3.44 Billion | +9.71% |
| 2018-12-31 | CN¥3.13 Billion | +27.47% |
| 2017-12-31 | CN¥2.46 Billion | +19.64% |
| 2016-12-31 | CN¥2.05 Billion | +317.96% |
| 2015-12-31 | CN¥491.20 Million | +45.57% |
| 2014-12-31 | CN¥337.44 Million | +65.42% |
| 2013-12-31 | CN¥204.00 Million | +4.22% |
| 2012-12-31 | CN¥195.73 Million | -37.89% |
| 2011-12-31 | CN¥315.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to G-bits Network Technology Xiamen 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 4975.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.36 Billion | 68.54% |
| Common Stock | CN¥72.04 Million | 1.47% |
| Other Components | CN¥1.47 Billion | 29.99% |
| Total Equity | CN¥4.90 Billion | 100.00% |
G-bits Network Technology Xiamen Co Ltd Competitors by Market Cap
The table below lists competitors of G-bits Network Technology Xiamen Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PTT Global Chemical Public Company Limited
OTCGREY:PTGCF
|
$2.05 Billion |
|
WuXi XDC Cayman Inc.
F:L74
|
$2.05 Billion |
|
Warby Parker Inc
NYSE:WRBY
|
$2.06 Billion |
|
ATL. BRV. HLDG. C DL-,001
F:E450
|
$2.06 Billion |
|
FangDa Carbon New Material Co Ltd
SHG:600516
|
$2.05 Billion |
|
BBB Foods Inc.
NYSE:TBBB
|
$2.05 Billion |
|
Beijing Orient Landscape Co Ltd
SHE:002310
|
$2.05 Billion |
|
COMFORTDELGRO
F:VZ1
|
$2.05 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in G-bits Network Technology Xiamen Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,463,842,027 to 4,902,079,614, a change of 438,237,587 (9.8%).
- Net income of 944,919,756 contributed positively to equity growth.
- Dividend payments of 466,415,956 reduced retained earnings.
- Share repurchases of 52,171,629 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥944.92 Million | +19.28% |
| Dividends Paid | CN¥466.42 Million | -9.51% |
| Share Repurchases | CN¥52.17 Million | -1.06% |
| Other Changes | CN¥11.91 Million | +0.24% |
| Total Change | CN¥- | 9.82% |
Book Value vs Market Value Analysis
This analysis compares G-bits Network Technology Xiamen 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: 5.60x
- 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 91.03x to 5.60x 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¥4.19 | CN¥381.29 | x |
| 2012-12-31 | CN¥2.61 | CN¥381.29 | x |
| 2013-12-31 | CN¥3.70 | CN¥381.29 | x |
| 2014-12-31 | CN¥6.33 | CN¥381.29 | x |
| 2015-12-31 | CN¥9.05 | CN¥381.29 | x |
| 2016-12-31 | CN¥36.10 | CN¥381.29 | x |
| 2017-12-31 | CN¥32.21 | CN¥381.29 | x |
| 2018-12-31 | CN¥40.69 | CN¥381.29 | x |
| 2019-12-31 | CN¥42.81 | CN¥381.29 | x |
| 2020-12-31 | CN¥52.99 | CN¥381.29 | x |
| 2021-12-31 | CN¥63.73 | CN¥381.29 | x |
| 2022-12-31 | CN¥55.36 | CN¥381.29 | x |
| 2023-12-31 | CN¥61.96 | CN¥381.29 | x |
| 2024-12-31 | CN¥68.05 | CN¥381.29 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently G-bits Network Technology Xiamen 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): 19.28%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 25.57%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.41x
- Recent ROE (19.28%) is below the historical average (36.53%), 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 | 10.51% | 16.50% | 0.47x | 1.36x | CN¥1.59 Million |
| 2012 | 81.28% | 65.12% | 0.56x | 2.21x | CN¥139.51 Million |
| 2013 | 77.23% | 56.95% | 0.86x | 1.58x | CN¥137.14 Million |
| 2014 | 57.35% | 59.98% | 0.71x | 1.35x | CN¥159.79 Million |
| 2015 | 36.25% | 58.32% | 0.48x | 1.28x | CN¥126.70 Million |
| 2016 | 30.39% | 44.85% | 0.49x | 1.37x | CN¥392.82 Million |
| 2017 | 26.49% | 42.34% | 0.46x | 1.37x | CN¥379.51 Million |
| 2018 | 24.87% | 43.69% | 0.41x | 1.38x | CN¥432.27 Million |
| 2019 | 26.35% | 37.28% | 0.50x | 1.42x | CN¥502.09 Million |
| 2020 | 27.52% | 38.16% | 0.51x | 1.42x | CN¥666.11 Million |
| 2021 | 32.06% | 31.79% | 0.65x | 1.55x | CN¥1.01 Billion |
| 2022 | 36.72% | 28.27% | 0.80x | 1.63x | CN¥1.06 Billion |
| 2023 | 25.21% | 26.89% | 0.63x | 1.49x | CN¥678.74 Million |
| 2024 | 19.28% | 25.57% | 0.53x | 1.41x | CN¥454.71 Million |
Industry Comparison
This section compares G-bits Network Technology Xiamen Co Ltd's net assets metrics with peer companies in the Electronic Gaming & Multimedia industry.
Industry Context
- Industry: Electronic Gaming & Multimedia
- Average net assets among peers: $2,957,949,094
- Average return on equity (ROE) among peers: 10.80%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| G-bits Network Technology Xiamen Co Ltd (603444) | CN¥6.40 Billion | 10.51% | 0.28x | $2.05 Billion |
| YOUZU Interactive Co Ltd (002174) | $60.13 Million | 12.86% | 0.48x | $1.28 Billion |
| Dalian Zeus Entertainment (002354) | $468.02 Million | 29.80% | 1.07x | $1.31 Billion |
| Kaiser China Holding Co Ltd (002425) | $1.57 Billion | 1.62% | 0.12x | $371.29 Million |
| Kingnet Network Co Ltd (002517) | $92.11 Million | 18.19% | 2.00x | $4.39 Billion |
| 37 Interactive Entertainment Network Technology Group Co Ltd (002555) | $7.29 Billion | 22.24% | 0.26x | $4.08 Billion |
| Giant Network Group Co Ltd (002558) | $9.52 Billion | 10.80% | 0.14x | $5.20 Billion |
| Zhejiang Century Huatong Group Co Ltd (002602) | $1.54 Billion | 9.17% | 0.11x | $12.35 Billion |
| Shenzhen Zqgame (300052) | $387.42 Million | -13.61% | 1.15x | $394.21 Million |
| Hangzhou Shunwang Tech (300113) | $3.10 Billion | 10.38% | 0.25x | $1.67 Billion |
| Ourpalm (300315) | $5.55 Billion | 6.56% | 0.08x | $1.78 Billion |