Wuhan Citms Technology Co Ltd (688038) - Net Assets
Based on the latest financial reports, Wuhan Citms Technology Co Ltd (688038) has net assets worth CN¥597.62 Million CNY (≈ $87.45 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.11 Billion ≈ $161.87 Million USD) and total liabilities (CN¥508.55 Million ≈ $74.42 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 asset resilience ratio of Wuhan Citms Technology Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥597.62 Million |
| % of Total Assets | 54.03% |
| Annual Growth Rate | 11.65% |
| 5-Year Change | 18.77% |
| 10-Year Change | N/A |
| Growth Volatility | 21.01 |
Wuhan Citms Technology Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Wuhan Citms Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 688038 total assets for the complete picture of this company's asset base.
Annual Net Assets for Wuhan Citms Technology Co Ltd (2017–2024)
The table below shows the annual net assets of Wuhan Citms Technology Co Ltd from 2017 to 2024. For live valuation and market cap data, see market cap of Wuhan Citms Technology Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥598.57 Million ≈ $87.59 Million |
-3.09% |
| 2023-12-31 | CN¥617.66 Million ≈ $90.38 Million |
-14.34% |
| 2022-12-31 | CN¥721.03 Million ≈ $105.51 Million |
-2.61% |
| 2021-12-31 | CN¥740.36 Million ≈ $108.34 Million |
+46.91% |
| 2020-12-31 | CN¥503.96 Million ≈ $73.74 Million |
+12.79% |
| 2019-12-31 | CN¥446.82 Million ≈ $65.38 Million |
+39.17% |
| 2018-12-31 | CN¥321.06 Million ≈ $46.98 Million |
+16.00% |
| 2017-12-31 | CN¥276.78 Million ≈ $40.50 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wuhan Citms Technology 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 58.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥74.70 Million | 12.44% |
| Other Components | CN¥525.73 Million | 87.56% |
| Total Equity | CN¥600.42 Million | 100.00% |
Wuhan Citms Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Wuhan Citms Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nantong Acetic Acid Chemical Co Ltd
SHG:603968
|
$356.97 Million |
|
Silkroad Visual Technology Co Ltd
SHE:300556
|
$357.02 Million |
|
Barings Corporate Investors
NYSE:MCI
|
$357.04 Million |
|
Tianjin Motimo Membrane Tech
SHE:300334
|
$357.15 Million |
|
ZheJiang BangJie Digital Knitting Share Co Ltd
SHE:002634
|
$356.93 Million |
|
Harbin Air Conditioning Co Ltd
SHG:600202
|
$356.76 Million |
|
Shenzhen Maxonic Auto Control
SHE:300112
|
$356.74 Million |
|
Shenzhen L&A Design Holding Limited
SHE:300949
|
$356.73 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wuhan Citms Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 618,525,685 to 600,422,819, a change of -18,102,866 (-2.9%).
- Net loss of 18,102,866 reduced equity.
- Dividend payments of 14,080,297 reduced retained earnings.
- Other factors increased equity by 14,080,297.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-18.10 Million | -3.02% |
| Dividends Paid | CN¥14.08 Million | -2.35% |
| Other Changes | CN¥14.08 Million | +2.35% |
| Total Change | CN¥- | -2.93% |
Book Value vs Market Value Analysis
This analysis compares Wuhan Citms Technology 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: 4.06x
- 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 4.55x to 4.06x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥4.60 | CN¥20.96 | x |
| 2018-12-31 | CN¥4.20 | CN¥20.96 | x |
| 2019-12-31 | CN¥5.51 | CN¥20.96 | x |
| 2020-12-31 | CN¥5.73 | CN¥20.96 | x |
| 2021-12-31 | CN¥7.48 | CN¥20.96 | x |
| 2022-12-31 | CN¥6.20 | CN¥20.96 | x |
| 2023-12-31 | CN¥5.32 | CN¥20.96 | x |
| 2024-12-31 | CN¥5.16 | CN¥20.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wuhan Citms Technology 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): -3.02%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.28%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.00x
- Recent ROE (-3.02%) is below the historical average (2.64%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 3.26% | 5.59% | 0.35x | 1.67x | CN¥-18.37 Million |
| 2018 | 11.42% | 13.75% | 0.47x | 1.76x | CN¥4.56 Million |
| 2019 | 11.26% | 11.36% | 0.46x | 2.14x | CN¥5.62 Million |
| 2020 | 10.99% | 11.17% | 0.48x | 2.03x | CN¥5.00 Million |
| 2021 | 4.95% | 8.56% | 0.36x | 1.62x | CN¥-37.41 Million |
| 2022 | -1.17% | -2.16% | 0.30x | 1.82x | CN¥-80.55 Million |
| 2023 | -16.57% | -46.76% | 0.17x | 2.04x | CN¥-164.36 Million |
| 2024 | -3.02% | -5.28% | 0.28x | 2.00x | CN¥-78.15 Million |
Industry Comparison
This section compares Wuhan Citms Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $3,684,451,591
- Average return on equity (ROE) among peers: 5.60%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wuhan Citms Technology Co Ltd (688038) | CN¥597.62 Million | 3.26% | 0.85x | $356.93 Million |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $377.84 Million | -26.68% | 6.81x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $4.34 Billion | 8.70% | 0.29x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.90 Billion | 2.65% | 0.72x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $692.15 Million | 13.19% | 0.78x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $502.87 Million | 29.75% | 1.40x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.33 Million | -7.97% | 0.17x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $8.26 Billion | 10.15% | 1.07x | $9.75 Billion |
About Wuhan Citms Technology Co Ltd
Wuhan Citms Technology CO.,LTD. engages in the public security informatization business. The company provides Tonghui, a visual comprehensive platform; Zhihui, a video center; Zhitong, a visual center; Zhiyun, a digital cloud OS; Zhiqi, a data center; Zhixing, a modeling platform; Tongtu, an integrated traffic control platform; Tongkong, an intelligent traffic signal unified control platform; Ton… Read more