Transwarp Technology (Shanghai) Co. Ltd. A (688031) - Net Assets

Latest as of March 2026: CN¥806.51 Million CNY ≈ $118.02 Million USD

Based on the latest financial reports, Transwarp Technology (Shanghai) Co. Ltd. A (688031) has net assets worth CN¥806.51 Million CNY (≈ $118.02 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¥1.08 Billion ≈ $158.65 Million USD) and total liabilities (CN¥277.65 Million ≈ $40.63 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 Transwarp Technology (Shanghai) Co. Ltd. tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥806.51 Million
% of Total Assets	74.39%
Annual Growth Rate	2.03%
5-Year Change	39.9%
10-Year Change	N/A
Growth Volatility	79.09

Transwarp Technology (Shanghai) Co. Ltd. A - Net Assets Trend (2020–2025)

This chart illustrates how Transwarp Technology (Shanghai) Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. See 688031 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Transwarp Technology (Shanghai) Co. Ltd. A (2020–2025)

The table below shows the annual net assets of Transwarp Technology (Shanghai) Co. Ltd. A from 2020 to 2025. For live valuation and market cap data, see Transwarp Technology (Shanghai) Co. Ltd. market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥862.51 Million ≈ $126.21 Million	-21.19%
2024-12-31	CN¥1.09 Billion ≈ $160.15 Million	-23.99%
2023-12-31	CN¥1.44 Billion ≈ $210.69 Million	-15.73%
2022-12-31	CN¥1.71 Billion ≈ $250.03 Million	+177.15%
2021-12-31	CN¥616.52 Million ≈ $90.22 Million	-20.97%
2020-12-31	CN¥780.08 Million ≈ $114.15 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Transwarp Technology (Shanghai) Co. Ltd. A'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 139289897888.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥2.43 Billion	281.38%
Total Equity	CN¥862.51 Million	100.00%

Transwarp Technology (Shanghai) Co. Ltd. A Competitors by Market Cap

The table below lists competitors of Transwarp Technology (Shanghai) Co. Ltd. A ranked by their market capitalization.

Company	Market Cap
Fujian Star Net Communic Ltd SHE:002396	$2.21 Billion
Boardwalk Real Estate Investment Trust TO:BEI-UN	$2.21 Billion
Banner Corporation NASDAQ:BANR	$2.21 Billion
DL E&C Co Ltd KO:375500	$2.21 Billion
Shenzhen Sinexcel Electric Co Ltd SHE:300693	$2.21 Billion
Bank of N.T. Butterfield & Son Ltd NYSE:NTB	$2.21 Billion
89bio Inc NASDAQ:ETNB	$2.20 Billion
Hilltop Holdings Inc NYSE:HTH	$2.20 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Transwarp Technology (Shanghai) Co. Ltd. A's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,098,727,498 to 862,511,936, a change of -236,215,561 (-21.5%).
Net loss of 245,170,170 reduced equity.
Dividend payments of 1,026,575 reduced retained earnings.
Other factors increased equity by 9,981,184.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-245.17 Million	-28.43%
Dividends Paid	CN¥1.03 Million	-0.12%
Other Changes	CN¥9.98 Million	+1.16%
Total Change	CN¥-	-21.50%

Book Value vs Market Value Analysis

This analysis compares Transwarp Technology (Shanghai) Co. Ltd. A'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: 17.48x
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 increased from 14.46x to 17.48x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2020-12-31	CN¥8.61	CN¥124.48	x
2021-12-31	CN¥6.82	CN¥124.48	x
2022-12-31	CN¥14.16	CN¥124.48	x
2023-12-31	CN¥11.94	CN¥124.48	x
2024-12-31	CN¥9.09	CN¥124.48	x
2025-12-31	CN¥7.12	CN¥124.48	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Transwarp Technology (Shanghai) Co. Ltd. A 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): -28.43%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -54.78%
• Asset Turnover: 0.38x
• Equity Multiplier: 1.37x
Recent ROE (-28.43%) is below the historical average (-26.45%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2020	-23.63%	-70.90%	0.27x	1.26x	CN¥-262.35 Million
2021	-39.58%	-73.95%	0.39x	1.38x	CN¥-306.49 Million
2022	-15.86%	-72.82%	0.19x	1.14x	CN¥-442.47 Million
2023	-19.97%	-58.73%	0.27x	1.24x	CN¥-432.57 Million
2024	-31.26%	-92.45%	0.27x	1.27x	CN¥-453.34 Million
2025	-28.43%	-54.78%	0.38x	1.37x	CN¥-331.42 Million

Industry Comparison

This section compares Transwarp Technology (Shanghai) Co. Ltd. A's net assets metrics with peer companies in the Software - Application industry.

Industry Context

Industry: Software - Application
Average net assets among peers: $2,727,796,506
Average return on equity (ROE) among peers: 10.04%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Transwarp Technology (Shanghai) Co. Ltd. A (688031)	CN¥806.51 Million	-23.63%	0.34x	$2.21 Billion
Digital China Information Service Co Ltd (000555)	$136.95 Million	-6.92%	0.27x	$1.61 Billion
Fujian Newland Computer Co Ltd (000997)	$6.28 Billion	11.01%	0.93x	$2.61 Billion
YGSOFT Inc (002063)	$731.03 Million	26.17%	0.25x	$1.48 Billion
Dhc Software Co Ltd (002065)	$2.77 Billion	20.58%	0.45x	$3.46 Billion
Zhejiang Netsun Co Ltd (002095)	$1.14 Billion	3.07%	0.40x	$495.91 Million
Montnets Cloud Technology Group Co Ltd (002123)	$5.14 Billion	4.98%	0.36x	$906.33 Million
Beijing Shiji Information Technology Co Ltd (002153)	$8.89 Billion	5.21%	0.15x	$3.09 Billion
Shanghai 2345 Network Holding Group (002195)	$383.27 Million	16.95%	0.11x	$5.96 Billion
Iflytek Co Ltd (002230)	$599.04 Million	13.40%	0.22x	$14.62 Billion
Qiming Information Technology Co Ltd (002232)	$1.21 Billion	5.96%	0.63x	$888.98 Million

About Transwarp Technology (Shanghai) Co. Ltd. A

SHG:688031 China Software - Application

Market Cap

$2.21 Billion

CN¥15.08 Billion CNY

Market Cap Rank

#5998 Global

#1240 in China

Share Price

CN¥124.48

Change (1 day)

-0.58%

52-Week Range

CN¥41.95 - CN¥255.00

All Time High

CN¥255.00