Espressif Systems Shanghai Co Ltd (688018) - Net Assets

Latest as of September 2025: CN¥4.35 Billion CNY ≈ $636.44 Million USD

Based on the latest financial reports, Espressif Systems Shanghai Co Ltd (688018) has net assets worth CN¥4.35 Billion CNY (≈ $636.44 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¥4.98 Billion ≈ $729.39 Million USD) and total liabilities (CN¥635.23 Million ≈ $92.95 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 688018 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.35 Billion
% of Total Assets	87.26%
Annual Growth Rate	43.5%
5-Year Change	32.8%
10-Year Change	N/A
Growth Volatility	132.95

Espressif Systems Shanghai Co Ltd - Net Assets Trend (2016–2024)

This chart illustrates how Espressif Systems Shanghai Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 688018 current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Espressif Systems Shanghai Co Ltd (2016–2024)

The table below shows the annual net assets of Espressif Systems Shanghai Co Ltd from 2016 to 2024. For live valuation and market cap data, see Espressif Systems Shanghai Co Ltd market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥2.18 Billion ≈ $318.91 Million	+13.92%
2023-12-31	CN¥1.91 Billion ≈ $279.93 Million	+4.73%
2022-12-31	CN¥1.83 Billion ≈ $267.30 Million	+0.20%
2021-12-31	CN¥1.82 Billion ≈ $266.76 Million	+11.08%
2020-12-31	CN¥1.64 Billion ≈ $240.15 Million	+1.94%
2019-12-31	CN¥1.61 Billion ≈ $235.57 Million	+417.23%
2018-12-31	CN¥311.24 Million ≈ $45.54 Million	+48.37%
2017-12-31	CN¥209.78 Million ≈ $30.70 Million	+73.07%
2016-12-31	CN¥121.21 Million ≈ $17.74 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Espressif Systems Shanghai 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 2449.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥792.60 Million	36.87%
Common Stock	CN¥112.20 Million	5.22%
Other Components	CN¥1.25 Billion	57.92%
Total Equity	CN¥2.15 Billion	100.00%

Espressif Systems Shanghai Co Ltd Competitors by Market Cap

The table below lists competitors of Espressif Systems Shanghai Co Ltd ranked by their market capitalization.

Company	Market Cap
Appfolio Inc NASDAQ:APPF	$4.21 Billion
Jiangsu Guoxin Corp Ltd SHE:002608	$4.21 Billion
Zhengzhou Coal Mining Machinery Group Co Ltd SHG:601717	$4.21 Billion
Edenred SA PA:EDEN	$4.21 Billion
Walsin Lihwa Corp TW:1605	$4.21 Billion
EPR Properties NYSE:EPR	$4.21 Billion
GRIFOLS ADR 1/2/EO-50 F:G0F	$4.21 Billion
Sandfire Resources Limited F:S2Z	$4.20 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Espressif Systems Shanghai Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,913,000,227 to 2,149,974,683, a change of 236,974,456 (12.4%).
Net income of 339,323,930 contributed positively to equity growth.
Dividend payments of 78,299,414 reduced retained earnings.
Share repurchases of 88,774,988 reduced equity.
Other factors increased equity by 64,724,928.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥339.32 Million	+15.78%
Dividends Paid	CN¥78.30 Million	-3.64%
Share Repurchases	CN¥88.77 Million	-4.13%
Other Changes	CN¥64.72 Million	+3.01%
Total Change	CN¥-	12.39%

Book Value vs Market Value Analysis

This analysis compares Espressif Systems Shanghai 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: 8.85x
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 18.60x to 8.85x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	CN¥9.25	CN¥172.12	x
2017-12-31	CN¥15.40	CN¥172.12	x
2018-12-31	CN¥5.19	CN¥172.12	x
2019-12-31	CN¥20.12	CN¥172.12	x
2020-12-31	CN¥20.51	CN¥172.12	x
2021-12-31	CN¥22.57	CN¥172.12	x
2022-12-31	CN¥22.76	CN¥172.12	x
2023-12-31	CN¥23.95	CN¥172.12	x
2024-12-31	CN¥19.46	CN¥172.12	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Espressif Systems Shanghai 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): 15.78%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 16.91%
• Asset Turnover: 0.76x
• Equity Multiplier: 1.23x
Recent ROE (15.78%) is above the historical average (11.09%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	0.37%	0.37%	0.79x	1.29x	CN¥-11.67 Million
2017	14.00%	10.80%	1.11x	1.17x	CN¥8.39 Million
2018	30.16%	19.77%	1.26x	1.21x	CN¥62.76 Million
2019	9.85%	20.93%	0.44x	1.07x	CN¥-2.48 Million
2020	6.34%	12.52%	0.45x	1.11x	CN¥-60.06 Million
2021	10.88%	14.31%	0.65x	1.17x	CN¥16.13 Million
2022	5.33%	7.66%	0.61x	1.14x	CN¥-85.34 Million
2023	7.12%	9.50%	0.65x	1.15x	CN¥-55.10 Million
2024	15.78%	16.91%	0.76x	1.23x	CN¥124.33 Million

Industry Comparison

This section compares Espressif Systems Shanghai Co Ltd's net assets metrics with peer companies in the Semiconductors industry.

Industry Context

Industry: Semiconductors
Average net assets among peers: $2,095,615,821
Average return on equity (ROE) among peers: 6.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Espressif Systems Shanghai Co Ltd (688018)	CN¥4.35 Billion	0.37%	0.15x	$4.21 Billion
UniTTEC Co Ltd (000925)	$1.22 Billion	2.79%	2.52x	$909.57 Million
Unigroup Guoxin Microelectronics Co Ltd (002049)	$12.39 Billion	9.51%	0.40x	$9.61 Billion
Sinosteel Anhui Tianyuan Technology Co Ltd (002057)	$245.66 Million	4.18%	0.78x	$1.06 Billion
Suzhou Good-Ark Electronics Co Ltd (002079)	$501.66 Million	7.47%	0.41x	$1.39 Billion
Ningbo Kangqiang Electronics Co Ltd (002119)	$629.45 Million	7.50%	0.73x	$1.15 Billion
Tianjin Printronics Circuit Corp (002134)	$710.96 Million	2.48%	0.13x	$913.46 Million
Tatwah Smartech Co Ltd (002512)	$1.65 Billion	6.18%	0.38x	$701.64 Million
Chutian Dragon Co Ltd (003040)	$1.37 Billion	4.56%	0.48x	$998.01 Million
Jiangsu Huasheng Tianlong Photo (300029)	$1.14 Billion	5.99%	0.16x	$81.27 Million
Nations Technologies Inc (300077)	$1.09 Billion	9.56%	0.85x	$1.97 Billion

About Espressif Systems Shanghai Co Ltd

SHG:688018 China Semiconductors

Market Cap

$4.21 Billion

CN¥28.77 Billion CNY

Market Cap Rank

#4022 Global

#676 in China

Share Price

CN¥172.12

Change (1 day)

+2.10%

52-Week Range

CN¥132.00 - CN¥222.88

All Time High

CN¥287.72