Will Semiconductor Co Ltd (603501) - Net Assets
Based on the latest financial reports, Will Semiconductor Co Ltd (603501) has net assets worth CN¥27.70 Billion CNY (≈ $4.05 Billion 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¥44.21 Billion ≈ $6.47 Billion USD) and total liabilities (CN¥16.51 Billion ≈ $2.42 Billion 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 Will Semiconductor Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥27.70 Billion |
| % of Total Assets | 62.66% |
| Annual Growth Rate | 45.92% |
| 5-Year Change | 110.0% |
| 10-Year Change | 3611.23% |
| Growth Volatility | 98.17 |
Will Semiconductor Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Will Semiconductor Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Will Semiconductor Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Will Semiconductor Co Ltd (2012–2024)
The table below shows the annual net assets of Will Semiconductor Co Ltd from 2012 to 2024. For live valuation and market cap data, see 603501 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥24.20 Billion ≈ $3.54 Billion |
+12.60% |
| 2023-12-31 | CN¥21.49 Billion ≈ $3.15 Billion |
+18.75% |
| 2022-12-31 | CN¥18.10 Billion ≈ $2.65 Billion |
+11.01% |
| 2021-12-31 | CN¥16.30 Billion ≈ $2.39 Billion |
+41.47% |
| 2020-12-31 | CN¥11.53 Billion ≈ $1.69 Billion |
+44.87% |
| 2019-12-31 | CN¥7.96 Billion ≈ $1.16 Billion |
+383.79% |
| 2018-12-31 | CN¥1.64 Billion ≈ $240.63 Million |
+38.11% |
| 2017-12-31 | CN¥1.19 Billion ≈ $174.23 Million |
+47.19% |
| 2016-12-31 | CN¥808.90 Million ≈ $118.37 Million |
+24.04% |
| 2015-12-31 | CN¥652.14 Million ≈ $95.43 Million |
+25.50% |
| 2014-12-31 | CN¥519.65 Million ≈ $76.04 Million |
+48.52% |
| 2013-12-31 | CN¥349.88 Million ≈ $51.20 Million |
+34.72% |
| 2012-12-31 | CN¥259.70 Million ≈ $38.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Will Semiconductor 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 10404.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥11.87 Billion | 49.04% |
| Common Stock | CN¥1.22 Billion | 5.03% |
| Other Comprehensive Income | CN¥-333.08 Million | -1.38% |
| Other Components | CN¥11.45 Billion | 47.31% |
| Total Equity | CN¥24.20 Billion | 100.00% |
Will Semiconductor Co Ltd Competitors by Market Cap
The table below lists competitors of Will Semiconductor Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongfang Electric Corp Ltd Class A
SHG:600875
|
$17.41 Billion |
|
Santander Bank Polska SA
WAR:SPL
|
$17.44 Billion |
|
Adani Energy Solutions Limited
NSE:ADANIENSOL
|
$17.44 Billion |
|
KON. KPN NV ADR/1 O.N.
F:KPNB
|
$17.44 Billion |
|
Zhejiang Century Huatong Group Co Ltd
SHE:002602
|
$17.40 Billion |
|
Hong Kong Land Holdings Ltd
LSE:HKLB
|
$17.39 Billion |
|
Banco Bradesco S.A.
SA:BBDC3
|
$17.38 Billion |
|
Twilio Inc
NYSE:TWLO
|
$17.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Will Semiconductor Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,450,826,201 to 24,201,186,000, a change of 2,750,359,799 (12.8%).
- Net income of 3,323,242,754 contributed positively to equity growth.
- Dividend payments of 656,890,330 reduced retained earnings.
- Share repurchases of 1,167,995,990 reduced equity.
- Other comprehensive income decreased equity by 307,765,757.
- Other factors increased equity by 1,559,769,122.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.32 Billion | +13.73% |
| Dividends Paid | CN¥656.89 Million | -2.71% |
| Share Repurchases | CN¥1.17 Billion | -4.83% |
| Other Comprehensive Income | CN¥-307.77 Million | -1.27% |
| Other Changes | CN¥1.56 Billion | +6.45% |
| Total Change | CN¥- | 12.82% |
Book Value vs Market Value Analysis
This analysis compares Will Semiconductor 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: 4.87x
- 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 39.00x to 4.87x 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¥2.52 | CN¥98.30 | x |
| 2013-12-31 | CN¥2.23 | CN¥98.30 | x |
| 2014-12-31 | CN¥1.10 | CN¥98.30 | x |
| 2015-12-31 | CN¥1.28 | CN¥98.30 | x |
| 2016-12-31 | CN¥1.61 | CN¥98.30 | x |
| 2017-12-31 | CN¥2.17 | CN¥98.30 | x |
| 2018-12-31 | CN¥2.53 | CN¥98.30 | x |
| 2019-12-31 | CN¥9.20 | CN¥98.30 | x |
| 2020-12-31 | CN¥9.81 | CN¥98.30 | x |
| 2021-12-31 | CN¥13.75 | CN¥98.30 | x |
| 2022-12-31 | CN¥15.28 | CN¥98.30 | x |
| 2023-12-31 | CN¥18.15 | CN¥98.30 | x |
| 2024-12-31 | CN¥20.17 | CN¥98.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Will Semiconductor 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): 13.73%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.92%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.61x
- Recent ROE (13.73%) is below the historical average (17.22%), 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 | 33.23% | 8.58% | 1.61x | 2.40x | CN¥60.33 Million |
| 2013 | 36.39% | 11.15% | 1.46x | 2.23x | CN¥92.33 Million |
| 2014 | 18.85% | 6.96% | 1.23x | 2.21x | CN¥46.01 Million |
| 2015 | 17.96% | 5.82% | 1.35x | 2.29x | CN¥51.14 Million |
| 2016 | 17.52% | 6.56% | 1.31x | 2.03x | CN¥60.82 Million |
| 2017 | 11.63% | 5.70% | 0.85x | 2.39x | CN¥19.18 Million |
| 2018 | 8.86% | 1.49% | 2.11x | 2.81x | CN¥-18.56 Million |
| 2019 | 5.87% | 3.42% | 0.78x | 2.20x | CN¥-327.01 Million |
| 2020 | 24.08% | 13.65% | 0.88x | 2.02x | CN¥1.58 Billion |
| 2021 | 27.63% | 18.57% | 0.75x | 1.98x | CN¥2.86 Billion |
| 2022 | 5.50% | 4.93% | 0.57x | 1.95x | CN¥-811.53 Million |
| 2023 | 2.59% | 2.64% | 0.56x | 1.76x | CN¥-1.59 Billion |
| 2024 | 13.73% | 12.92% | 0.66x | 1.61x | CN¥903.12 Million |
Industry Comparison
This section compares Will Semiconductor Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $2,095,615,821
- Average return on equity (ROE) among peers: 6.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Will Semiconductor Co Ltd (603501) | CN¥27.70 Billion | 33.23% | 0.60x | $17.41 Billion |
| UniTTEC Co Ltd (000925) | $1.22 Billion | 2.79% | 2.52x | $909.57 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $12.39 Billion | 9.51% | 0.40x | $9.61 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $245.66 Million | 4.18% | 0.78x | $1.06 Billion |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $501.66 Million | 7.47% | 0.41x | $1.39 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $629.45 Million | 7.50% | 0.73x | $1.15 Billion |
| Tianjin Printronics Circuit Corp (002134) | $710.96 Million | 2.48% | 0.13x | $913.46 Million |
| Tatwah Smartech Co Ltd (002512) | $1.65 Billion | 6.18% | 0.38x | $701.64 Million |
| Chutian Dragon Co Ltd (003040) | $1.37 Billion | 4.56% | 0.48x | $998.01 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $1.14 Billion | 5.99% | 0.16x | $81.27 Million |
| Nations Technologies Inc (300077) | $1.09 Billion | 9.56% | 0.85x | $1.97 Billion |
About Will Semiconductor Co Ltd
OmniVision Integrated Circuits Group, Inc. a semiconductor design company, provides sensor solutions, analog solutions, and touch screen and display solutions. The company offers application specific integrated circuits, power management devices, diodes, FETs, triode BJTs, protective devices, low noise amplifiers, RF switches, tuners, image sensors, signal circuits, audio devices, touch and displ… Read more