Willfar Information Technology Co Ltd (688100) - Net Assets
Based on the latest financial reports, Willfar Information Technology Co Ltd (688100) has net assets worth CN¥3.54 Billion CNY (≈ $517.95 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¥5.86 Billion ≈ $856.86 Million USD) and total liabilities (CN¥2.32 Billion ≈ $338.91 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 Willfar Information Technology 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¥3.54 Billion |
| % of Total Assets | 60.45% |
| Annual Growth Rate | 17.83% |
| 5-Year Change | 34.75% |
| 10-Year Change | N/A |
| Growth Volatility | 15.57 |
Willfar Information Technology Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Willfar Information Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 688100 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Willfar Information Technology Co Ltd (2016–2025)
The table below shows the annual net assets of Willfar Information Technology Co Ltd from 2016 to 2025. For live valuation and market cap data, see market cap of Willfar Information Technology Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.55 Billion ≈ $519.51 Million |
+5.93% |
| 2024-12-31 | CN¥3.35 Billion ≈ $490.42 Million |
+12.77% |
| 2023-12-31 | CN¥2.97 Billion ≈ $434.87 Million |
+8.07% |
| 2022-12-31 | CN¥2.75 Billion ≈ $402.39 Million |
+4.37% |
| 2021-12-31 | CN¥2.63 Billion ≈ $385.54 Million |
+11.88% |
| 2020-12-31 | CN¥2.35 Billion ≈ $344.61 Million |
+50.41% |
| 2019-12-31 | CN¥1.57 Billion ≈ $229.12 Million |
+17.04% |
| 2018-12-31 | CN¥1.34 Billion ≈ $195.76 Million |
+15.26% |
| 2017-12-31 | CN¥1.16 Billion ≈ $169.84 Million |
+43.16% |
| 2016-12-31 | CN¥810.73 Million ≈ $118.64 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Willfar Information 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 382.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.11 Billion | 59.52% |
| Common Stock | CN¥491.69 Million | 13.89% |
| Other Comprehensive Income | CN¥91.47 Million | 2.58% |
| Other Components | CN¥849.55 Million | 24.00% |
| Total Equity | CN¥3.54 Billion | 100.00% |
Willfar Information Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Willfar Information Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hillenbrand Inc
NYSE:HI
|
$2.26 Billion |
|
Braze Inc
NASDAQ:BRZE
|
$2.26 Billion |
|
The Ramco Cements Limited
NSE:RAMCOCEM
|
$2.26 Billion |
|
PUMA SE UNSP.ADR 1/10
F:PUMA
|
$2.26 Billion |
|
Shenzhen Bluetrum Technology Co. Ltd. A
SHG:688332
|
$2.26 Billion |
|
Feng Tay Enterprises Co Ltd
TW:9910
|
$2.26 Billion |
|
Liaoning Cheng Da Co Ltd
SHG:600739
|
$2.26 Billion |
|
Transwarp Technology (Shanghai) Co. Ltd. A
SHG:688031
|
$2.26 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Willfar Information Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,351,412,938 to 3,539,502,388, a change of 188,089,450 (5.6%).
- Net income of 666,266,924 contributed positively to equity growth.
- Dividend payments of 376,423,565 reduced retained earnings.
- Share repurchases of 149,956,178 reduced equity.
- Other comprehensive income increased equity by 90,817,183.
- Other factors decreased equity by 42,614,914.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥666.27 Million | +18.82% |
| Dividends Paid | CN¥376.42 Million | -10.63% |
| Share Repurchases | CN¥149.96 Million | -4.24% |
| Other Comprehensive Income | CN¥90.82 Million | +2.57% |
| Other Changes | CN¥-42.61 Million | -1.2% |
| Total Change | CN¥- | 5.61% |
Book Value vs Market Value Analysis
This analysis compares Willfar Information 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: 4.31x
- 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 16.94x to 4.31x 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¥1.85 | CN¥31.40 | x |
| 2017-12-31 | CN¥2.64 | CN¥31.40 | x |
| 2018-12-31 | CN¥2.93 | CN¥31.40 | x |
| 2019-12-31 | CN¥3.12 | CN¥31.40 | x |
| 2020-12-31 | CN¥4.71 | CN¥31.40 | x |
| 2021-12-31 | CN¥5.21 | CN¥31.40 | x |
| 2022-12-31 | CN¥5.51 | CN¥31.40 | x |
| 2023-12-31 | CN¥5.98 | CN¥31.40 | x |
| 2024-12-31 | CN¥6.93 | CN¥31.40 | x |
| 2025-12-31 | CN¥7.29 | CN¥31.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Willfar Information 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): 18.82%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.49%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.61x
- Recent ROE (18.82%) is above the historical average (14.52%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 9.93% | 11.83% | 0.46x | 1.81x | CN¥-568.12K |
| 2017 | 12.92% | 14.97% | 0.60x | 1.44x | CN¥33.69 Million |
| 2018 | 13.31% | 17.05% | 0.55x | 1.43x | CN¥44.03 Million |
| 2019 | 13.95% | 17.47% | 0.51x | 1.57x | CN¥61.59 Million |
| 2020 | 11.69% | 19.01% | 0.44x | 1.39x | CN¥39.81 Million |
| 2021 | 13.12% | 18.70% | 0.49x | 1.43x | CN¥81.17 Million |
| 2022 | 14.74% | 19.97% | 0.51x | 1.44x | CN¥128.64 Million |
| 2023 | 17.89% | 23.60% | 0.52x | 1.45x | CN¥231.65 Million |
| 2024 | 18.82% | 22.98% | 0.55x | 1.48x | CN¥295.53 Million |
| 2025 | 18.82% | 22.49% | 0.52x | 1.61x | CN¥312.32 Million |
Industry Comparison
This section compares Willfar Information 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: $4,521,607,784
- Average return on equity (ROE) among peers: -17.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Willfar Information Technology Co Ltd (688100) | CN¥3.54 Billion | 9.93% | 0.65x | $2.26 Billion |
| XJ Electric Co Ltd (000400) | $2.06 Billion | 5.67% | 0.94x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.81 Billion | 9.38% | 0.11x | $908.69 Million |
| Dongfang Electronics Co Ltd (000682) | $78.67 Million | 125.00% | 0.63x | $2.52 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.26 Billion | 6.39% | 3.26x | $742.84 Million |
| Huagong Tech Co Ltd (000988) | $8.26 Billion | 10.96% | 1.03x | $26.12 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.44 Billion |
| Sieyuan Electric Co Ltd (002028) | $4.51 Billion | 5.52% | 0.51x | $21.78 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $88.12 Million | 23.77% | 0.92x | $468.31 Million |
| Gotion High tech Co Ltd (002074) | $24.50 Billion | 1.27% | 1.96x | $7.89 Billion |
About Willfar Information Technology Co Ltd
Willfar Information Technology Co., Ltd. provides smart utility services and IoT solutions in China and internationally. The company offers EV charging station, power monitoring, data concentrator unit, integrated power solutions, communication module, energy efficient management, head-end system, smart vending solutions, and intelligent street lighting. It also provides electricity, water, gas, … Read more