IReader Technology Co Ltd
IReader Technology Co., Ltd. engages in the digital reading platform and copyright product business in China. The company edits and produces digital book content with publishing houses, copyright agencies, literary websites, and authors through digital reading platforms. It also offers the iReader app, an e-reading mobile app that contains a library of content, including published works, original… Read more
IReader Technology Co Ltd (603533) - Net Assets
Latest net assets as of September 2025: CN¥2.35 Billion CNY
Based on the latest financial reports, IReader Technology Co Ltd (603533) has net assets worth CN¥2.35 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¥2.96 Billion) and total liabilities (CN¥609.14 Million). 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¥2.35 Billion |
| % of Total Assets | 79.4% |
| Annual Growth Rate | 31.58% |
| 5-Year Change | 80.32% |
| 10-Year Change | 299.52% |
| Growth Volatility | 105.75 |
IReader Technology Co Ltd - Net Assets Trend (2013–2024)
This chart illustrates how IReader Technology 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 IReader Technology Co Ltd (2013–2024)
The table below shows the annual net assets of IReader Technology Co Ltd from 2013 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.61 Billion | +2.50% |
| 2023-12-31 | CN¥2.55 Billion | -1.92% |
| 2022-12-31 | CN¥2.60 Billion | +1.69% |
| 2021-12-31 | CN¥2.55 Billion | +76.39% |
| 2020-12-31 | CN¥1.45 Billion | +15.39% |
| 2019-12-31 | CN¥1.25 Billion | +12.27% |
| 2018-12-31 | CN¥1.12 Billion | +13.08% |
| 2017-12-31 | CN¥988.23 Million | +35.29% |
| 2016-12-31 | CN¥730.48 Million | +11.79% |
| 2015-12-31 | CN¥653.45 Million | +377.92% |
| 2014-12-31 | CN¥136.73 Million | +7.20% |
| 2013-12-31 | CN¥127.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to IReader Technology 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 541.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥722.17 Million | 27.95% |
| Common Stock | CN¥438.90 Million | 16.98% |
| Other Comprehensive Income | CN¥144.62 Million | 5.60% |
| Other Components | CN¥1.28 Billion | 49.47% |
| Total Equity | CN¥2.58 Billion | 100.00% |
IReader Technology Co Ltd Competitors by Market Cap
The table below lists competitors of IReader Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NCC Limited
NSE:NCC
|
$671.63 Million |
|
Össur hf
PINK:OSSFF
|
$671.64 Million |
|
Gatos Silver Inc
NYSE:GATO
|
$671.84 Million |
|
Credit Corp Group Limited
OTCQX:CCGFF
|
$671.93 Million |
|
Hangzhou Sunrise Technology Co Ltd
SHE:300360
|
$671.46 Million |
|
Sichuan Expressway Company Limited
F:EXF1
|
$671.41 Million |
|
Shandong Mining Machinery Group Co Ltd
SHE:002526
|
$671.39 Million |
|
Huizhou China Eagle Electronic Technology Co Ltd
SHE:002579
|
$671.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in IReader Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,527,963,696 to 2,584,081,781, a change of 56,118,085 (2.2%).
- Net income of 49,291,686 contributed positively to equity growth.
- Dividend payments of 13,191,855 reduced retained earnings.
- Other comprehensive income increased equity by 144,621,715.
- Other factors decreased equity by 124,603,461.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥49.29 Million | +1.91% |
| Dividends Paid | CN¥13.19 Million | -0.51% |
| Other Comprehensive Income | CN¥144.62 Million | +5.6% |
| Other Changes | CN¥-124.60 Million | -4.82% |
| Total Change | CN¥- | 2.22% |
Book Value vs Market Value Analysis
This analysis compares IReader Technology 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: 4.41x
- 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 58.93x to 4.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.43 | CN¥25.42 | x |
| 2014-12-31 | CN¥0.46 | CN¥25.42 | x |
| 2015-12-31 | CN¥2.21 | CN¥25.42 | x |
| 2016-12-31 | CN¥1.99 | CN¥25.42 | x |
| 2017-12-31 | CN¥2.63 | CN¥25.42 | x |
| 2018-12-31 | CN¥2.80 | CN¥25.42 | x |
| 2019-12-31 | CN¥3.09 | CN¥25.42 | x |
| 2020-12-31 | CN¥3.59 | CN¥25.42 | x |
| 2021-12-31 | CN¥5.89 | CN¥25.42 | x |
| 2022-12-31 | CN¥5.87 | CN¥25.42 | x |
| 2023-12-31 | CN¥5.80 | CN¥25.42 | x |
| 2024-12-31 | CN¥5.77 | CN¥25.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently IReader Technology 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): 1.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.91%
- • Asset Turnover: 0.80x
- • Equity Multiplier: 1.25x
- Recent ROE (1.91%) is below the historical average (13.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 40.94% | 23.00% | 1.20x | 1.48x | CN¥39.46 Million |
| 2014 | 42.02% | 13.69% | 1.75x | 1.75x | CN¥43.78 Million |
| 2015 | 4.52% | 4.62% | 0.80x | 1.22x | CN¥-35.78 Million |
| 2016 | 10.57% | 6.45% | 1.23x | 1.33x | CN¥4.16 Million |
| 2017 | 12.53% | 7.42% | 1.23x | 1.37x | CN¥24.95 Million |
| 2018 | 12.52% | 7.32% | 1.20x | 1.43x | CN¥28.01 Million |
| 2019 | 12.98% | 8.55% | 0.98x | 1.54x | CN¥36.94 Million |
| 2020 | 18.36% | 12.82% | 0.90x | 1.59x | CN¥120.29 Million |
| 2021 | 5.94% | 7.27% | 0.60x | 1.36x | CN¥-103.05 Million |
| 2022 | 2.23% | 2.23% | 0.76x | 1.32x | CN¥-200.19 Million |
| 2023 | 1.38% | 1.25% | 0.81x | 1.36x | CN¥-217.95 Million |
| 2024 | 1.91% | 1.91% | 0.80x | 1.25x | CN¥-209.12 Million |
Industry Comparison
This section compares IReader Technology Co Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $3,048,736,079
- Average return on equity (ROE) among peers: 11.34%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IReader Technology Co Ltd (603533) | CN¥2.35 Billion | 40.94% | 0.26x | $671.53 Million |
| Digital China Information Service Co Ltd (000555) | $-125.57 Million | 0.00% | 0.00x | $1.17 Billion |
| Fujian Newland Computer Co Ltd (000997) | $6.71 Billion | 14.96% | 0.97x | $2.06 Billion |
| YGSOFT Inc (002063) | $2.10 Billion | 8.22% | 0.19x | $1.26 Billion |
| Dhc Software Co Ltd (002065) | $8.61 Billion | 13.26% | 0.30x | $2.40 Billion |
| Zhejiang Netsun Co Ltd (002095) | $1.07 Billion | 1.80% | 0.22x | $322.94 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $51.79 Million | 15.64% | 0.90x | $953.24 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $1.13 Billion | 23.47% | 0.16x | $1.00 Billion |
| Shanghai 2345 Network Holding Group (002195) | $10.18 Billion | 7.45% | 0.12x | $6.64 Billion |
| Iflytek Co Ltd (002230) | $599.04 Million | 13.40% | 0.22x | $12.29 Billion |
| Wisesoft Co Ltd (002253) | $171.84 Million | 15.22% | 0.51x | $265.79 Million |