IReader Technology Co Ltd (603533) - Net Assets
Based on the latest financial reports, IReader Technology Co Ltd (603533) has net assets worth CN¥2.33 Billion CNY (≈ $340.74 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.90 Billion ≈ $424.54 Million USD) and total liabilities (CN¥572.63 Million ≈ $83.79 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 IReader Technology Co Ltd (603533) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.33 Billion |
| % of Total Assets | 80.26% |
| Annual Growth Rate | 27.54% |
| 5-Year Change | -7.48% |
| 10-Year Change | 223.47% |
| Growth Volatility | 102.58 |
IReader Technology Co Ltd - Net Assets Trend (2013–2025)
This chart illustrates how IReader Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See IReader Technology Co Ltd (603533) defensive interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for IReader Technology Co Ltd (2013–2025)
The table below shows the annual net assets of IReader Technology Co Ltd from 2013 to 2025. For live valuation and market cap data, see 603533 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.36 Billion ≈ $345.76 Million |
-9.49% |
| 2024-12-31 | CN¥2.61 Billion ≈ $382.03 Million |
+2.50% |
| 2023-12-31 | CN¥2.55 Billion ≈ $372.72 Million |
-1.92% |
| 2022-12-31 | CN¥2.60 Billion ≈ $380.01 Million |
+1.69% |
| 2021-12-31 | CN¥2.55 Billion ≈ $373.70 Million |
+76.39% |
| 2020-12-31 | CN¥1.45 Billion ≈ $211.86 Million |
+15.39% |
| 2019-12-31 | CN¥1.25 Billion ≈ $183.60 Million |
+12.27% |
| 2018-12-31 | CN¥1.12 Billion ≈ $163.53 Million |
+13.08% |
| 2017-12-31 | CN¥988.23 Million ≈ $144.61 Million |
+35.29% |
| 2016-12-31 | CN¥730.48 Million ≈ $106.89 Million |
+11.79% |
| 2015-12-31 | CN¥653.45 Million ≈ $95.62 Million |
+377.92% |
| 2014-12-31 | CN¥136.73 Million ≈ $20.01 Million |
+7.20% |
| 2013-12-31 | CN¥127.55 Million ≈ $18.66 Million |
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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 344.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥500.29 Million | 21.48% |
| Other Components | CN¥1.83 Billion | 78.52% |
| Total Equity | CN¥2.33 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 |
|---|---|
|
Shanghai Geoharbour Construction Group Co Ltd
SHG:605598
|
$1.34 Billion |
|
Develia S.A
WAR:DVL
|
$1.34 Billion |
|
Navigator Holdings Ltd
NYSE:NVGS
|
$1.34 Billion |
|
G-III Apparel Group Ltd
NASDAQ:GIII
|
$1.34 Billion |
|
L&C Bio Co. Ltd
KQ:290650
|
$1.34 Billion |
|
Derichebourg
PA:DBG
|
$1.34 Billion |
|
Ls Cable & System Asia Ltd
KO:229640
|
$1.34 Billion |
|
Sunac China Holdings Limited
F:SCNR
|
$1.34 Billion |
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 2024 to 2025, total equity changed from 2,584,081,781 to 2,329,241,711, a change of -254,840,070 (-9.9%).
- Net loss of 176,453,566 reduced equity.
- Dividend payments of 43,914,634 reduced retained earnings.
- Other comprehensive income decreased equity by 144,621,715.
- Other factors increased equity by 110,149,845.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-176.45 Million | -7.58% |
| Dividends Paid | CN¥43.91 Million | -1.89% |
| Other Comprehensive Income | CN¥-144.62 Million | -6.21% |
| Other Changes | CN¥110.15 Million | +4.73% |
| Total Change | CN¥- | -9.86% |
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: 3.93x
- 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 48.31x to 3.93x 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¥20.84 | x |
| 2014-12-31 | CN¥0.46 | CN¥20.84 | x |
| 2015-12-31 | CN¥2.21 | CN¥20.84 | x |
| 2016-12-31 | CN¥1.99 | CN¥20.84 | x |
| 2017-12-31 | CN¥2.63 | CN¥20.84 | x |
| 2018-12-31 | CN¥2.80 | CN¥20.84 | x |
| 2019-12-31 | CN¥3.09 | CN¥20.84 | x |
| 2020-12-31 | CN¥3.59 | CN¥20.84 | x |
| 2021-12-31 | CN¥5.89 | CN¥20.84 | x |
| 2022-12-31 | CN¥5.87 | CN¥20.84 | x |
| 2023-12-31 | CN¥5.80 | CN¥20.84 | x |
| 2024-12-31 | CN¥5.77 | CN¥20.84 | x |
| 2025-12-31 | CN¥5.31 | CN¥20.84 | 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): -7.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.44%
- • Asset Turnover: 1.09x
- • Equity Multiplier: 1.27x
- Recent ROE (-7.58%) is below the historical average (12.18%), 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 |
| 2025 | -7.58% | -5.44% | 1.09x | 1.27x | CN¥-409.38 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: $4,025,217,489
- Average return on equity (ROE) among peers: 13.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| IReader Technology Co Ltd (603533) | CN¥2.33 Billion | 40.94% | 0.25x | $1.34 Billion |
| Digital China Information Service Co Ltd (000555) | $3.30 Billion | 10.62% | 1.23x | $1.61 Billion |
| Fujian Newland Computer Co Ltd (000997) | $654.33 Million | 6.35% | 0.51x | $2.63 Billion |
| YGSOFT Inc (002063) | $1.72 Billion | 7.06% | 0.19x | $1.47 Billion |
| Dhc Software Co Ltd (002065) | $145.16 Million | 27.99% | 1.22x | $3.43 Billion |
| Zhejiang Netsun Co Ltd (002095) | $48.97 Million | 27.57% | 0.69x | $492.96 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $112.46 Million | 31.50% | 0.93x | $913.40 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $5.40 Billion | 7.76% | 0.26x | $3.07 Billion |
| Shanghai 2345 Network Holding Group (002195) | $10.26 Billion | 0.32% | 0.02x | $5.91 Billion |
| Iflytek Co Ltd (002230) | $17.34 Billion | 8.98% | 0.81x | $14.98 Billion |
| Qiming Information Technology Co Ltd (002232) | $1.28 Billion | 7.10% | 0.51x | $891.37 Million |
About 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