Shanghai Golden Bridge (603918) - Net Assets
Based on the latest financial reports, Shanghai Golden Bridge (603918) has net assets worth CN¥976.26 Million CNY (≈ $142.86 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¥1.30 Billion ≈ $189.65 Million USD) and total liabilities (CN¥319.78 Million ≈ $46.79 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 Shanghai Golden Bridge 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¥976.26 Million |
| % of Total Assets | 75.33% |
| Annual Growth Rate | 13.18% |
| 5-Year Change | -11.27% |
| 10-Year Change | 107.85% |
| Growth Volatility | 22.09 |
Shanghai Golden Bridge - Net Assets Trend (2011–2025)
This chart illustrates how Shanghai Golden Bridge's net assets have evolved over time, based on quarterly financial data. See Shanghai Golden Bridge liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanghai Golden Bridge (2011–2025)
The table below shows the annual net assets of Shanghai Golden Bridge from 2011 to 2025. For live valuation and market cap data, see market cap of Shanghai Golden Bridge.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.00 Billion ≈ $146.50 Million |
-5.98% |
| 2024-12-31 | CN¥1.06 Billion ≈ $155.81 Million |
-4.78% |
| 2023-12-31 | CN¥1.12 Billion ≈ $163.63 Million |
+3.51% |
| 2022-12-31 | CN¥1.08 Billion ≈ $158.08 Million |
-4.26% |
| 2021-12-31 | CN¥1.13 Billion ≈ $165.11 Million |
+56.07% |
| 2020-12-31 | CN¥722.96 Million ≈ $105.79 Million |
+13.00% |
| 2019-12-31 | CN¥639.77 Million ≈ $93.62 Million |
+11.67% |
| 2018-12-31 | CN¥572.94 Million ≈ $83.84 Million |
+11.30% |
| 2017-12-31 | CN¥514.77 Million ≈ $75.33 Million |
+6.87% |
| 2016-12-31 | CN¥481.68 Million ≈ $70.49 Million |
+3.85% |
| 2015-12-31 | CN¥463.82 Million ≈ $67.87 Million |
+74.70% |
| 2014-12-31 | CN¥265.49 Million ≈ $38.85 Million |
+11.90% |
| 2013-12-31 | CN¥237.26 Million ≈ $34.72 Million |
+12.92% |
| 2012-12-31 | CN¥210.12 Million ≈ $30.75 Million |
+18.86% |
| 2011-12-31 | CN¥176.79 Million ≈ $25.87 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Golden Bridge'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 365.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥215.04 Million | 21.36% |
| Other Components | CN¥791.90 Million | 78.64% |
| Total Equity | CN¥1.01 Billion | 100.00% |
Shanghai Golden Bridge Competitors by Market Cap
The table below lists competitors of Shanghai Golden Bridge ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Eris Technology
TWO:3675
|
$559.99 Million |
|
Standard Chartered PLC
LSE:STAN
|
$560.03 Million |
|
London Stock Exchange Group PLC
LSE:LSEG
|
$560.05 Million |
|
Nemak S. A. B. de C. V
MX:NEMAKA
|
$560.43 Million |
|
Tivoli A/S
CO:TIV
|
$559.90 Million |
|
Jiangsu Fasten Co Ltd
SHE:000890
|
$559.85 Million |
|
Shanghai GuAo Electronic Technology Co Ltd
SHE:300551
|
$559.82 Million |
|
Zhejiang Runyang New Material Technology Co. Ltd.
SHE:300920
|
$559.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Golden Bridge's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,067,073,661 to 1,006,942,561, a change of -60,131,100 (-5.6%).
- Net loss of 57,156,495 reduced equity.
- Dividend payments of 648,891 reduced retained earnings.
- Other comprehensive income decreased equity by 455,112.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-57.16 Million | -5.68% |
| Dividends Paid | CN¥648.89K | -0.06% |
| Other Comprehensive Income | CN¥-455.11K | -0.05% |
| Other Changes | CN¥-1.87 Million | -0.19% |
| Total Change | CN¥- | -5.64% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Golden Bridge'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: 3.80x
- 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 13.17x to 3.80x 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¥0.80 | CN¥10.48 | x |
| 2012-12-31 | CN¥0.95 | CN¥10.48 | x |
| 2013-12-31 | CN¥1.06 | CN¥10.48 | x |
| 2014-12-31 | CN¥1.20 | CN¥10.48 | x |
| 2015-12-31 | CN¥1.79 | CN¥10.48 | x |
| 2016-12-31 | CN¥1.58 | CN¥10.48 | x |
| 2017-12-31 | CN¥1.75 | CN¥10.48 | x |
| 2018-12-31 | CN¥1.89 | CN¥10.48 | x |
| 2019-12-31 | CN¥2.08 | CN¥10.48 | x |
| 2020-12-31 | CN¥2.37 | CN¥10.48 | x |
| 2021-12-31 | CN¥3.18 | CN¥10.48 | x |
| 2022-12-31 | CN¥3.02 | CN¥10.48 | x |
| 2023-12-31 | CN¥3.06 | CN¥10.48 | x |
| 2024-12-31 | CN¥2.98 | CN¥10.48 | x |
| 2025-12-31 | CN¥2.76 | CN¥10.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Golden Bridge 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): -5.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -8.25%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.41x
- Recent ROE (-5.68%) is below the historical average (8.67%), 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 | 25.66% | 8.15% | 1.23x | 2.57x | CN¥27.69 Million |
| 2012 | 22.15% | 7.01% | 1.28x | 2.46x | CN¥25.52 Million |
| 2013 | 15.68% | 6.41% | 1.04x | 2.35x | CN¥13.48 Million |
| 2014 | 14.35% | 6.48% | 0.99x | 2.24x | CN¥11.56 Million |
| 2015 | 7.93% | 5.75% | 0.82x | 1.67x | CN¥-9.61 Million |
| 2016 | 5.99% | 4.93% | 0.73x | 1.67x | CN¥-19.30 Million |
| 2017 | 6.77% | 5.18% | 0.70x | 1.87x | CN¥-16.64 Million |
| 2018 | 8.94% | 6.15% | 0.72x | 2.02x | CN¥-6.07 Million |
| 2019 | 9.96% | 6.75% | 0.71x | 2.07x | CN¥-234.35K |
| 2020 | 12.25% | 8.82% | 0.73x | 1.91x | CN¥16.25 Million |
| 2021 | 7.87% | 7.90% | 0.65x | 1.53x | CN¥-23.99 Million |
| 2022 | 1.66% | 2.08% | 0.52x | 1.54x | CN¥-90.24 Million |
| 2023 | 2.29% | 2.75% | 0.56x | 1.48x | CN¥-86.43 Million |
| 2024 | -5.70% | -8.70% | 0.44x | 1.51x | CN¥-167.54 Million |
| 2025 | -5.68% | -8.25% | 0.49x | 1.41x | CN¥-157.85 Million |
Industry Comparison
This section compares Shanghai Golden Bridge'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 Golden Bridge (603918) | CN¥976.26 Million | 25.66% | 0.33x | $559.91 Million |
| 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 Golden Bridge
Shanghai Golden Bridge InfoTech Co.,Ltd provides smart space information solutions and services in China. The company offers smart scene solutions, smart building solutions and big data solutions. It also involved in the procurement and sale of conference systems, intelligent court systems, emergency command systems, and other products; technical research and development of computer hardware and … Read more