Zhongtong Guomai Communication (603559) - Net Assets
Based on the latest financial reports, Zhongtong Guomai Communication (603559) has net assets worth CN¥943.55 Million CNY (≈ $138.07 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¥1.47 Billion ≈ $215.72 Million USD) and total liabilities (CN¥530.62 Million ≈ $77.65 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 asset resilience ratio of Zhongtong Guomai Communication to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥943.55 Million |
| % of Total Assets | 64.01% |
| Annual Growth Rate | 15.22% |
| 5-Year Change | 15.58% |
| 10-Year Change | 239.42% |
| Growth Volatility | 219.87 |
Zhongtong Guomai Communication - Net Assets Trend (2011–2024)
This chart illustrates how Zhongtong Guomai Communication's net assets have evolved over time, based on quarterly financial data. Also explore Zhongtong Guomai Communication total assets for the complete picture of this company's asset base.
Annual Net Assets for Zhongtong Guomai Communication (2011–2024)
The table below shows the annual net assets of Zhongtong Guomai Communication from 2011 to 2024. For live valuation and market cap data, see 603559 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.01 Billion ≈ $147.54 Million |
+818.98% |
| 2023-12-31 | CN¥109.72 Million ≈ $16.06 Million |
-69.71% |
| 2022-12-31 | CN¥362.22 Million ≈ $53.00 Million |
-29.61% |
| 2021-12-31 | CN¥514.60 Million ≈ $75.30 Million |
-41.01% |
| 2020-12-31 | CN¥872.38 Million ≈ $127.66 Million |
-0.43% |
| 2019-12-31 | CN¥876.11 Million ≈ $128.20 Million |
+1.22% |
| 2018-12-31 | CN¥865.55 Million ≈ $126.66 Million |
+61.26% |
| 2017-12-31 | CN¥536.74 Million ≈ $78.54 Million |
+4.11% |
| 2016-12-31 | CN¥515.57 Million ≈ $75.44 Million |
+73.56% |
| 2015-12-31 | CN¥297.06 Million ≈ $43.47 Million |
+9.97% |
| 2014-12-31 | CN¥270.13 Million ≈ $39.53 Million |
+10.88% |
| 2013-12-31 | CN¥243.61 Million ≈ $35.65 Million |
+10.67% |
| 2012-12-31 | CN¥220.14 Million ≈ $32.21 Million |
+37.81% |
| 2011-12-31 | CN¥159.74 Million ≈ $23.38 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhongtong Guomai Communication'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 1532.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥401.28 Million | 39.50% |
| Other Comprehensive Income | CN¥52.72 Million | 5.19% |
| Other Components | CN¥1.45 Billion | 142.79% |
| Total Equity | CN¥1.02 Billion | 100.00% |
Zhongtong Guomai Communication Competitors by Market Cap
The table below lists competitors of Zhongtong Guomai Communication ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Huang Hsiang Construction Corp
TW:2545
|
$448.64 Million |
|
Iteos Therapeutics Inc
NASDAQ:ITOS
|
$448.68 Million |
|
Skjern Bank A/S
CO:SKJE
|
$448.71 Million |
|
Fiverr International Ltd
NYSE:FVRR
|
$448.73 Million |
|
EUROKAI GmbH & Co. KGaA
F:EUK3
|
$448.62 Million |
|
Imricor Medical Systems Inc
AU:IMR
|
$448.50 Million |
|
Ram Ratna Wires Limited
NSE:RAMRAT
|
$448.49 Million |
|
Ganso Co Ltd
SHG:603886
|
$448.48 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhongtong Guomai Communication's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 117,115,926 to 1,015,819,423, a change of 898,703,497 (767.4%).
- Net loss of 300,837,951 reduced equity.
- Dividend payments of 5,753,318 reduced retained earnings.
- Other comprehensive income increased equity by 28,088,808.
- Other factors increased equity by 1,177,205,958.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-300.84 Million | -29.62% |
| Dividends Paid | CN¥5.75 Million | -0.57% |
| Other Comprehensive Income | CN¥28.09 Million | +2.77% |
| Other Changes | CN¥1.18 Billion | +115.89% |
| Total Change | CN¥- | 767.36% |
Book Value vs Market Value Analysis
This analysis compares Zhongtong Guomai Communication'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: 3.02x
- 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 3.89x to 3.02x 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¥1.97 | CN¥7.64 | x |
| 2012-12-31 | CN¥2.53 | CN¥7.64 | x |
| 2013-12-31 | CN¥2.47 | CN¥7.64 | x |
| 2014-12-31 | CN¥2.73 | CN¥7.64 | x |
| 2015-12-31 | CN¥3.02 | CN¥7.64 | x |
| 2016-12-31 | CN¥5.09 | CN¥7.64 | x |
| 2017-12-31 | CN¥4.05 | CN¥7.64 | x |
| 2018-12-31 | CN¥6.33 | CN¥7.64 | x |
| 2019-12-31 | CN¥6.14 | CN¥7.64 | x |
| 2020-12-31 | CN¥6.12 | CN¥7.64 | x |
| 2021-12-31 | CN¥3.63 | CN¥7.64 | x |
| 2022-12-31 | CN¥2.58 | CN¥7.64 | x |
| 2023-12-31 | CN¥0.82 | CN¥7.64 | x |
| 2024-12-31 | CN¥2.53 | CN¥7.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhongtong Guomai Communication 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): -29.62%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -84.64%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.66x
- Recent ROE (-29.62%) is below the historical average (-17.49%), 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 | 20.02% | 9.86% | 0.86x | 2.37x | CN¥15.97 Million |
| 2012 | 18.42% | 11.17% | 0.78x | 2.11x | CN¥18.54 Million |
| 2013 | 15.12% | 10.38% | 0.73x | 2.00x | CN¥12.47 Million |
| 2014 | 13.70% | 9.96% | 0.71x | 1.93x | CN¥9.99 Million |
| 2015 | 13.67% | 9.93% | 0.76x | 1.81x | CN¥10.89 Million |
| 2016 | 8.25% | 8.61% | 0.63x | 1.53x | CN¥-9.02 Million |
| 2017 | 5.19% | 5.13% | 0.61x | 1.66x | CN¥-25.84 Million |
| 2018 | 5.69% | 6.82% | 0.45x | 1.85x | CN¥-37.31 Million |
| 2019 | 1.92% | 2.37% | 0.39x | 2.07x | CN¥-71.04 Million |
| 2020 | -0.11% | -0.15% | 0.35x | 2.12x | CN¥-88.65 Million |
| 2021 | -68.82% | -69.17% | 0.36x | 2.79x | CN¥-410.53 Million |
| 2022 | -41.41% | -36.95% | 0.33x | 3.37x | CN¥-189.96 Million |
| 2023 | -206.82% | -78.33% | 0.28x | 9.44x | CN¥-253.93 Million |
| 2024 | -29.62% | -84.64% | 0.21x | 1.66x | CN¥-402.42 Million |
Industry Comparison
This section compares Zhongtong Guomai Communication's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,192,409,576
- Average return on equity (ROE) among peers: -56.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhongtong Guomai Communication (603559) | CN¥943.55 Million | 20.02% | 0.56x | $448.62 Million |
| Digital China Group Co Ltd (000034) | $-806.39 Million | 0.00% | 0.00x | $4.00 Billion |
| ZJBC Information Technology Co Ltd (000889) | $338.44 Million | -592.41% | 3.36x | $605.58 Million |
| Yunnan Nantian Electronics Information Co Ltd (000948) | $516.76 Million | 0.60% | 0.37x | $826.70 Million |
| Guomai Technologies Inc (002093) | $1.28 Billion | 8.47% | 0.78x | $1.23 Billion |
| Shanghai HiTech Control System (002184) | $1.27 Billion | 1.14% | 0.70x | $601.98 Million |
| SZZT Electronics Co Ltd (002197) | $2.42 Billion | -9.95% | 1.15x | $723.70 Million |
| Talkweb Information System Co Ltd (002261) | $3.78 Billion | 5.60% | 0.12x | $6.53 Billion |
| Westone Information Industry Inc (002268) | $378.26 Million | 9.09% | 0.20x | $1.94 Billion |
| Taiji Computer Corp Ltd (002368) | $2.03 Billion | 9.66% | 1.05x | $1.57 Billion |
| COSCO SHIPPING Technology Co Ltd (002401) | $715.73 Million | 7.66% | 0.70x | $771.75 Million |
About Zhongtong Guomai Communication
Zhongtong Guomai Communication Co., Ltd. engages in the provision of communications technology services, integration services, and IDC operation technology services in China. The company also offers communication pipeline engineering, communication equipment installation engineering, and communication network maintenance services; and technical services, software development, and system integrati… Read more