Shenzhen Neoway Technology Co Ltd
Shenzhen Neoway Technology Co.,Ltd. engages in the research and development, production, and sale of IoT wireless communication modules, IoT wireless communication terminals, IoT wireless communication solutions and cloud products in China. It offers G/3G/4G/5G/NB-IoT/eMTC cellular modules for use in smart energy, IoV, smart manufacturing, commercial retail, smart city, and other industries; Flee… Read more
Shenzhen Neoway Technology Co Ltd (688159) - Net Assets
Latest net assets as of June 2025: CN¥927.23 Million CNY
Based on the latest financial reports, Shenzhen Neoway Technology Co Ltd (688159) has net assets worth CN¥927.23 Million CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.53 Billion) and total liabilities (CN¥1.60 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥927.23 Million |
| % of Total Assets | 36.66% |
| Annual Growth Rate | 21.49% |
| 5-Year Change | 1.36% |
| 10-Year Change | N/A |
| Growth Volatility | 31.13 |
Shenzhen Neoway Technology Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Shenzhen Neoway Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shenzhen Neoway Technology Co Ltd (2016–2024)
The table below shows the annual net assets of Shenzhen Neoway Technology Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥854.31 Million | +14.37% |
| 2023-12-31 | CN¥746.95 Million | -3.80% |
| 2022-12-31 | CN¥776.42 Million | -7.06% |
| 2021-12-31 | CN¥835.39 Million | -0.89% |
| 2020-12-31 | CN¥842.85 Million | +64.40% |
| 2019-12-31 | CN¥512.68 Million | +20.09% |
| 2018-12-31 | CN¥426.91 Million | +84.34% |
| 2017-12-31 | CN¥231.59 Million | +28.69% |
| 2016-12-31 | CN¥179.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Neoway 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 31.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥40.22 Million | 4.70% |
| Other Components | CN¥815.01 Million | 95.30% |
| Total Equity | CN¥855.23 Million | 100.00% |
Shenzhen Neoway Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Neoway Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Tiancheng Control Co
SHG:603085
|
$349.73 Million |
|
AA Mission Acquisition Corp.
NYSE:AAM-UN
|
$349.76 Million |
|
Pegavision
TW:6491
|
$349.85 Million |
|
Wuhan Hiteck Biological Pharma Co Ltd
SHE:300683
|
$349.96 Million |
|
Marcus Corporation
NYSE:MCS
|
$349.37 Million |
|
PRESS KOGYO CO. LTD
F:2YO
|
$349.32 Million |
|
Beijing InHand Networks Technology Co Ltd
SHG:688080
|
$349.18 Million |
|
Cia Brasileira de Aluminio
SA:CBAV3
|
$349.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Neoway Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 745,110,131 to 855,226,154, a change of 110,116,023 (14.8%).
- Net income of 100,246,268 contributed positively to equity growth.
- Dividend payments of 23,827,929 reduced retained earnings.
- Other factors increased equity by 33,697,684.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥100.25 Million | +11.72% |
| Dividends Paid | CN¥23.83 Million | -2.79% |
| Other Changes | CN¥33.70 Million | +3.94% |
| Total Change | CN¥- | 14.78% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Neoway 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: 4.68x
- 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 10.52x to 4.68x 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¥4.14 | CN¥43.50 | x |
| 2018-12-31 | CN¥6.39 | CN¥43.50 | x |
| 2019-12-31 | CN¥7.46 | CN¥43.50 | x |
| 2020-12-31 | CN¥9.19 | CN¥43.50 | x |
| 2021-12-31 | CN¥9.08 | CN¥43.50 | x |
| 2022-12-31 | CN¥8.44 | CN¥43.50 | x |
| 2023-12-31 | CN¥8.09 | CN¥43.50 | x |
| 2024-12-31 | CN¥9.30 | CN¥43.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Neoway 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): 11.72%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.27%
- • Asset Turnover: 1.73x
- • Equity Multiplier: 2.07x
- Recent ROE (11.72%) is above the historical average (4.83%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 11.64% | 6.39% | 1.15x | 1.58x | CN¥2.95 Million |
| 2017 | 22.27% | 10.34% | 1.15x | 1.87x | CN¥28.42 Million |
| 2018 | 10.19% | 7.81% | 0.76x | 1.71x | CN¥804.02K |
| 2019 | 10.64% | 6.98% | 0.79x | 1.93x | CN¥3.29 Million |
| 2020 | -8.91% | -13.09% | 0.44x | 1.54x | CN¥-159.35 Million |
| 2021 | -1.56% | -1.27% | 0.68x | 1.80x | CN¥-96.21 Million |
| 2022 | -7.36% | -6.78% | 0.61x | 1.77x | CN¥-134.31 Million |
| 2023 | -5.16% | -4.12% | 0.59x | 2.11x | CN¥-112.94 Million |
| 2024 | 11.72% | 3.27% | 1.73x | 2.07x | CN¥14.72 Million |
Industry Comparison
This section compares Shenzhen Neoway Technology Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.
Industry Context
- Industry: Communication Equipment
- Average net assets among peers: $1,573,613,146
- Average return on equity (ROE) among peers: 12.49%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Neoway Technology Co Ltd (688159) | CN¥927.23 Million | 11.64% | 1.73x | $349.53 Million |
| Addsino Co Ltd (000547) | $459.32 Million | -8.36% | 1.39x | $3.78 Billion |
| Sichuan Huiyuan Optical Com (000586) | $184.09 Million | 30.13% | 1.87x | $241.69 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $4.37 Billion | 7.22% | 1.20x | $346.82 Million |
| Skyworth Digital Co Ltd (000810) | $4.56 Billion | 9.25% | 1.46x | $692.30 Million |
| Gohigh Data Networks Technology Co Ltd (000851) | $367.40 Million | 0.91% | 0.54x | $51.64 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $786.42 Million | 13.77% | 1.77x | $857.30 Million |
| Sunwave Communications Co Ltd (002115) | $2.57 Billion | 0.68% | 0.81x | $1.17 Billion |
| Invengo Information Technology Co Ltd (002161) | $390.74 Million | 13.95% | 0.23x | $668.37 Million |
| Bus Online Co Ltd (002188) | $112.36 Million | 54.84% | 1.24x | $193.28 Million |
| Wuhan Fingu Electronic Technology Co Ltd (002194) | $1.94 Billion | 2.51% | 0.18x | $656.36 Million |