Shanghai AtHub Co Ltd (603881) - Net Assets
Based on the latest financial reports, Shanghai AtHub Co Ltd (603881) has net assets worth CN¥3.37 Billion CNY (≈ $492.91 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¥7.35 Billion ≈ $1.08 Billion USD) and total liabilities (CN¥3.98 Billion ≈ $582.76 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 603881 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.37 Billion |
| % of Total Assets | 45.82% |
| Annual Growth Rate | 40.06% |
| 5-Year Change | 11.41% |
| 10-Year Change | 699.85% |
| Growth Volatility | 66.16 |
Shanghai AtHub Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Shanghai AtHub Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shanghai AtHub Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai AtHub Co Ltd (2011–2025)
The table below shows the annual net assets of Shanghai AtHub Co Ltd from 2011 to 2025. For live valuation and market cap data, see market cap of Shanghai AtHub Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.32 Billion ≈ $486.36 Million |
+2.96% |
| 2024-12-31 | CN¥3.23 Billion ≈ $472.37 Million |
+3.00% |
| 2023-12-31 | CN¥3.13 Billion ≈ $458.60 Million |
+3.73% |
| 2022-12-31 | CN¥3.02 Billion ≈ $442.09 Million |
+1.27% |
| 2021-12-31 | CN¥2.98 Billion ≈ $436.57 Million |
+3.09% |
| 2020-12-31 | CN¥2.89 Billion ≈ $423.50 Million |
+162.40% |
| 2019-12-31 | CN¥1.10 Billion ≈ $161.40 Million |
+9.49% |
| 2018-12-31 | CN¥1.01 Billion ≈ $147.40 Million |
+12.52% |
| 2017-12-31 | CN¥895.25 Million ≈ $131.00 Million |
+115.44% |
| 2016-12-31 | CN¥415.54 Million ≈ $60.81 Million |
+23.19% |
| 2015-12-31 | CN¥337.32 Million ≈ $49.36 Million |
+25.61% |
| 2014-12-31 | CN¥268.55 Million ≈ $39.30 Million |
+217.48% |
| 2013-12-31 | CN¥84.59 Million ≈ $12.38 Million |
+76.98% |
| 2012-12-31 | CN¥47.80 Million ≈ $6.99 Million |
+60.83% |
| 2011-12-31 | CN¥29.72 Million ≈ $4.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai AtHub 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 21189.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥996.74 Million | 30.02% |
| Other Components | CN¥2.32 Billion | 69.98% |
| Total Equity | CN¥3.32 Billion | 100.00% |
Shanghai AtHub Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai AtHub Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xiamen Changelight
SHE:300102
|
$3.34 Billion |
|
Jiangsu Shemar Electric Co Ltd
SHG:603530
|
$3.34 Billion |
|
Teleperformance SE
PA:TEP
|
$3.34 Billion |
|
Zhejiang Taotao Vehicles Co. Ltd. A
SHE:301345
|
$3.34 Billion |
|
Zhejiang HangKe Technology Co Ltd
SHG:688006
|
$3.34 Billion |
|
Multistrada Arah Sarana Tbk
JK:MASA
|
$3.34 Billion |
|
Triumph Science & Technology Co Ltd
SHG:600552
|
$3.34 Billion |
|
Fermi Inc.
NASDAQ:FRMI
|
$3.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai AtHub Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,224,495,130 to 3,320,249,391, a change of 95,754,261 (3.0%).
- Net income of 138,737,154 contributed positively to equity growth.
- Dividend payments of 107,923,280 reduced retained earnings.
- Other comprehensive income decreased equity by 58,987,882.
- Other factors increased equity by 123,928,269.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥138.74 Million | +4.18% |
| Dividends Paid | CN¥107.92 Million | -3.25% |
| Other Comprehensive Income | CN¥-58.99 Million | -1.78% |
| Other Changes | CN¥123.93 Million | +3.73% |
| Total Change | CN¥- | 2.97% |
Book Value vs Market Value Analysis
This analysis compares Shanghai AtHub 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: 6.87x
- 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 249.06x to 6.87x 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¥0.13 | CN¥31.76 | x |
| 2012-12-31 | CN¥0.21 | CN¥31.76 | x |
| 2013-12-31 | CN¥0.25 | CN¥31.76 | x |
| 2014-12-31 | CN¥0.87 | CN¥31.76 | x |
| 2015-12-31 | CN¥1.10 | CN¥31.76 | x |
| 2016-12-31 | CN¥1.36 | CN¥31.76 | x |
| 2017-12-31 | CN¥2.23 | CN¥31.76 | x |
| 2018-12-31 | CN¥2.43 | CN¥31.76 | x |
| 2019-12-31 | CN¥2.66 | CN¥31.76 | x |
| 2020-12-31 | CN¥6.28 | CN¥31.76 | x |
| 2021-12-31 | CN¥6.49 | CN¥31.76 | x |
| 2022-12-31 | CN¥6.55 | CN¥31.76 | x |
| 2023-12-31 | CN¥6.80 | CN¥31.76 | x |
| 2024-12-31 | CN¥5.37 | CN¥31.76 | x |
| 2025-12-31 | CN¥4.62 | CN¥31.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai AtHub 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): 4.18%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.06%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 2.34x
- Recent ROE (4.18%) is below the historical average (14.97%), 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 | 21.09% | 9.77% | 0.64x | 3.37x | CN¥3.30 Million |
| 2012 | 37.82% | 17.26% | 0.26x | 8.43x | CN¥13.30 Million |
| 2013 | 41.06% | 16.64% | 0.34x | 7.27x | CN¥25.18 Million |
| 2014 | 22.28% | 20.77% | 0.43x | 2.49x | CN¥32.57 Million |
| 2015 | 21.39% | 21.32% | 0.36x | 2.78x | CN¥38.41 Million |
| 2016 | 18.83% | 19.27% | 0.34x | 2.84x | CN¥36.67 Million |
| 2017 | 12.83% | 22.09% | 0.31x | 1.89x | CN¥25.37 Million |
| 2018 | 14.25% | 15.70% | 0.34x | 2.65x | CN¥42.62 Million |
| 2019 | 10.05% | 15.18% | 0.19x | 3.40x | CN¥506.58K |
| 2020 | 4.72% | 14.99% | 0.12x | 2.65x | CN¥-152.80 Million |
| 2021 | 4.07% | 9.76% | 0.15x | 2.76x | CN¥-177.33 Million |
| 2022 | 3.90% | 8.07% | 0.20x | 2.47x | CN¥-184.14 Million |
| 2023 | 3.93% | 7.97% | 0.22x | 2.24x | CN¥-190.02 Million |
| 2024 | 4.10% | 7.68% | 0.23x | 2.29x | CN¥-190.26 Million |
| 2025 | 4.18% | 8.06% | 0.22x | 2.34x | CN¥-193.29 Million |
Industry Comparison
This section compares Shanghai AtHub Co Ltd's net assets metrics with peer companies in the Information Technology Services industry.
Industry Context
- Industry: Information Technology Services
- Average net assets among peers: $1,704,504,610
- Average return on equity (ROE) among peers: 6.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai AtHub Co Ltd (603881) | CN¥3.37 Billion | 21.09% | 1.18x | $3.34 Billion |
| Digital China Group Co Ltd (000034) | $89.32 Million | 4.49% | 1.17x | $2.83 Billion |
| ZJBC Information Technology Co Ltd (000889) | $665.05 Million | 4.59% | 1.29x | $500.08 Million |
| Yunnan Nantian Electronics Information Co Ltd (000948) | $516.76 Million | 0.60% | 0.37x | $715.44 Million |
| Guomai Technologies Inc (002093) | $3.54 Billion | 2.02% | 0.22x | $1.02 Billion |
| Shanghai HiTech Control System (002184) | $1.79 Billion | 6.56% | 1.52x | $542.76 Million |
| SZZT Electronics Co Ltd (002197) | $2.77 Billion | 1.96% | 0.71x | $558.28 Million |
| Talkweb Information System Co Ltd (002261) | $2.54 Billion | 1.88% | 0.33x | $5.44 Billion |
| Westone Information Industry Inc (002268) | $1.57 Billion | 9.90% | 1.32x | $1.64 Billion |
| Taiji Computer Corp Ltd (002368) | $3.42 Billion | 9.80% | 2.11x | $1.55 Billion |
| COSCO SHIPPING Technology Co Ltd (002401) | $137.09 Million | 19.82% | 0.84x | $713.55 Million |
About Shanghai AtHub Co Ltd
Shanghai @hub Co.,Ltd. provides internet data center services in China and internationally. The company offers data center distribution, planning, design, construction, and operation and maintenance. It also provides various solutions comprising data center customization, lifecycle solutions, and cloud service solutions. The company was incorporated in 2009 and is based in Shanghai, China.