Sinosoft Co Ltd (603927) - Net Assets
Based on the latest financial reports, Sinosoft Co Ltd (603927) has net assets worth CN¥3.18 Billion CNY (≈ $464.66 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¥7.72 Billion ≈ $1.13 Billion USD) and total liabilities (CN¥4.55 Billion ≈ $665.67 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 Sinosoft Co Ltd (603927) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.18 Billion |
| % of Total Assets | 41.11% |
| Annual Growth Rate | 17.57% |
| 5-Year Change | 22.02% |
| 10-Year Change | 261.27% |
| Growth Volatility | 19.64 |
Sinosoft Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Sinosoft Co Ltd's net assets have evolved over time, based on quarterly financial data. See Sinosoft Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sinosoft Co Ltd (2003–2025)
The table below shows the annual net assets of Sinosoft Co Ltd from 2003 to 2025. For live valuation and market cap data, see Sinosoft Co Ltd (603927) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.19 Billion ≈ $467.15 Million |
-3.07% |
| 2024-12-31 | CN¥3.29 Billion ≈ $481.95 Million |
+0.89% |
| 2023-12-31 | CN¥3.26 Billion ≈ $477.71 Million |
+18.33% |
| 2022-12-31 | CN¥2.76 Billion ≈ $403.70 Million |
+5.45% |
| 2021-12-31 | CN¥2.62 Billion ≈ $382.84 Million |
+15.12% |
| 2020-12-31 | CN¥2.27 Billion ≈ $332.56 Million |
+12.26% |
| 2019-12-31 | CN¥2.02 Billion ≈ $296.24 Million |
+69.96% |
| 2018-12-31 | CN¥1.19 Billion ≈ $174.30 Million |
+18.73% |
| 2017-12-31 | CN¥1.00 Billion ≈ $146.80 Million |
+13.53% |
| 2016-12-31 | CN¥883.65 Million ≈ $129.31 Million |
+22.22% |
| 2015-12-31 | CN¥723.01 Million ≈ $105.80 Million |
+21.10% |
| 2014-12-31 | CN¥597.04 Million ≈ $87.37 Million |
+16.59% |
| 2013-12-31 | CN¥512.11 Million ≈ $74.94 Million |
+23.53% |
| 2012-12-31 | CN¥414.56 Million ≈ $60.66 Million |
+33.88% |
| 2011-12-31 | CN¥309.66 Million ≈ $45.31 Million |
+16.82% |
| 2010-12-31 | CN¥265.07 Million ≈ $38.79 Million |
+14.46% |
| 2009-12-31 | CN¥231.58 Million ≈ $33.89 Million |
+11.23% |
| 2008-12-31 | CN¥208.19 Million ≈ $30.47 Million |
+11.23% |
| 2007-12-31 | CN¥187.17 Million ≈ $27.39 Million |
+8.24% |
| 2006-12-31 | CN¥172.93 Million ≈ $25.30 Million |
+80.27% |
| 2005-12-31 | CN¥95.93 Million ≈ $14.04 Million |
+2.51% |
| 2004-12-31 | CN¥93.58 Million ≈ $13.69 Million |
+3.22% |
| 2003-12-31 | CN¥90.66 Million ≈ $13.27 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Sinosoft 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 39195.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.84 Billion | 57.76% |
| Other Components | CN¥1.35 Billion | 42.24% |
| Total Equity | CN¥3.19 Billion | 100.00% |
Sinosoft Co Ltd Competitors by Market Cap
The table below lists competitors of Sinosoft Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Deterra Royalties Ltd
AU:DRR
|
$1.68 Billion |
|
Fujian Acetron New Materials Co Ltd
SHE:300706
|
$1.68 Billion |
|
Dime Community Bancshares, Inc.
NYSE:DCOM
|
$1.68 Billion |
|
Suzhou Chunqiu Electronic Technology Co Ltd Class A
SHG:603890
|
$1.68 Billion |
|
Bestway Marine & Energy Technology Co Ltd
SHE:300008
|
$1.68 Billion |
|
PC Connection Inc
NASDAQ:CNXN
|
$1.68 Billion |
|
Suzhou Oriental Semiconductor Co. Ltd. A
SHG:688261
|
$1.68 Billion |
|
Sichuan Expressway Co Ltd
SHG:601107
|
$1.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sinosoft Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,293,540,592 to 3,192,389,212, a change of -101,151,380 (-3.1%).
- Net income of 223,944,682 contributed positively to equity growth.
- Dividend payments of 323,547,206 reduced retained earnings.
- Other comprehensive income decreased equity by 335,117,466.
- Other factors increased equity by 333,568,610.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥223.94 Million | +7.01% |
| Dividends Paid | CN¥323.55 Million | -10.13% |
| Other Comprehensive Income | CN¥-335.12 Million | -10.5% |
| Other Changes | CN¥333.57 Million | +10.45% |
| Total Change | CN¥- | -3.07% |
Book Value vs Market Value Analysis
This analysis compares Sinosoft 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: 3.60x
- 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 24.61x to 3.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.56 | CN¥13.83 | x |
| 2004-12-31 | CN¥0.58 | CN¥13.83 | x |
| 2005-12-31 | CN¥0.60 | CN¥13.83 | x |
| 2006-12-31 | CN¥1.08 | CN¥13.83 | x |
| 2007-12-31 | CN¥1.17 | CN¥13.83 | x |
| 2008-12-31 | CN¥1.33 | CN¥13.83 | x |
| 2009-12-31 | CN¥1.47 | CN¥13.83 | x |
| 2010-12-31 | CN¥1.69 | CN¥13.83 | x |
| 2011-12-31 | CN¥1.96 | CN¥13.83 | x |
| 2012-12-31 | CN¥1.45 | CN¥13.83 | x |
| 2013-12-31 | CN¥1.73 | CN¥13.83 | x |
| 2014-12-31 | CN¥1.12 | CN¥13.83 | x |
| 2015-12-31 | CN¥1.35 | CN¥13.83 | x |
| 2016-12-31 | CN¥1.66 | CN¥13.83 | x |
| 2017-12-31 | CN¥1.89 | CN¥13.83 | x |
| 2018-12-31 | CN¥2.23 | CN¥13.83 | x |
| 2019-12-31 | CN¥3.41 | CN¥13.83 | x |
| 2020-12-31 | CN¥3.83 | CN¥13.83 | x |
| 2021-12-31 | CN¥4.41 | CN¥13.83 | x |
| 2022-12-31 | CN¥4.71 | CN¥13.83 | x |
| 2023-12-31 | CN¥5.50 | CN¥13.83 | x |
| 2024-12-31 | CN¥3.99 | CN¥13.83 | x |
| 2025-12-31 | CN¥3.84 | CN¥13.83 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sinosoft 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): 7.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.71%
- • Asset Turnover: 0.75x
- • Equity Multiplier: 2.50x
- Recent ROE (7.01%) is below the historical average (18.69%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 7.55% | 4.54% | 0.81x | 2.05x | CN¥-2.19 Million |
| 2004 | 7.25% | 2.35% | 1.06x | 2.92x | CN¥-2.54 Million |
| 2005 | 7.86% | 2.33% | 1.24x | 2.72x | CN¥-2.05 Million |
| 2006 | 9.94% | 3.76% | 1.31x | 2.02x | CN¥-110.98K |
| 2007 | 13.41% | 4.47% | 1.52x | 1.97x | CN¥6.37 Million |
| 2008 | 18.22% | 5.06% | 1.77x | 2.04x | CN¥17.07 Million |
| 2009 | 19.86% | 4.87% | 1.85x | 2.21x | CN¥22.78 Million |
| 2010 | 23.29% | 5.05% | 1.87x | 2.47x | CN¥35.16 Million |
| 2011 | 25.29% | 5.20% | 1.58x | 3.08x | CN¥47.34 Million |
| 2012 | 26.65% | 5.17% | 1.10x | 4.69x | CN¥69.01 Million |
| 2013 | 26.31% | 5.03% | 1.17x | 4.49x | CN¥83.54 Million |
| 2014 | 24.86% | 4.81% | 1.06x | 4.87x | CN¥88.71 Million |
| 2015 | 23.72% | 4.78% | 1.03x | 4.81x | CN¥99.18 Million |
| 2016 | 22.32% | 5.05% | 1.07x | 4.15x | CN¥108.87 Million |
| 2017 | 23.42% | 5.45% | 1.11x | 3.87x | CN¥134.59 Million |
| 2018 | 26.91% | 6.61% | 1.15x | 3.53x | CN¥201.42 Million |
| 2019 | 19.05% | 7.01% | 1.07x | 2.53x | CN¥183.28 Million |
| 2020 | 20.97% | 8.24% | 0.96x | 2.66x | CN¥249.38 Million |
| 2021 | 22.07% | 9.19% | 0.91x | 2.63x | CN¥315.85 Million |
| 2022 | 23.13% | 9.52% | 0.98x | 2.48x | CN¥362.31 Million |
| 2023 | 20.06% | 10.07% | 0.91x | 2.20x | CN¥328.26 Million |
| 2024 | 10.78% | 5.32% | 0.87x | 2.33x | CN¥25.75 Million |
| 2025 | 7.01% | 3.71% | 0.75x | 2.50x | CN¥-95.29 Million |
Industry Comparison
This section compares Sinosoft 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 |
|---|---|---|---|---|
| Sinosoft Co Ltd (603927) | CN¥3.18 Billion | 7.55% | 1.43x | $1.68 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 Sinosoft Co Ltd
Sinosoft Co.,Ltd engages in the research and development of computer software, applications, and services in China and internationally. The company offers consulting services and wealth of industry application software products to insurance industry; national public health information platform to health care industry; and professional technical services, securities solutions, design brokerage bus… Read more