Shenzhen Neoway Technology Co Ltd (688159) - Net Assets
Based on the latest financial reports, Shenzhen Neoway Technology Co Ltd (688159) has net assets worth CN¥933.43 Million CNY (≈ $136.59 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¥3.01 Billion ≈ $441.15 Million USD) and total liabilities (CN¥2.08 Billion ≈ $304.56 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 tangible equity quality of Shenzhen Neoway Technology Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥933.43 Million |
| % of Total Assets | 30.96% |
| Annual Growth Rate | 19.51% |
| 5-Year Change | 7.11% |
| 10-Year Change | N/A |
| Growth Volatility | 30.03 |
Shenzhen Neoway Technology Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Shenzhen Neoway Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Shenzhen Neoway Technology Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shenzhen Neoway Technology Co Ltd (2016–2025)
The table below shows the annual net assets of Shenzhen Neoway Technology Co Ltd from 2016 to 2025. For live valuation and market cap data, see market value of Shenzhen Neoway Technology Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥894.77 Million ≈ $130.93 Million |
+4.74% |
| 2024-12-31 | CN¥854.31 Million ≈ $125.01 Million |
+14.37% |
| 2023-12-31 | CN¥746.95 Million ≈ $109.30 Million |
-3.80% |
| 2022-12-31 | CN¥776.42 Million ≈ $113.61 Million |
-7.06% |
| 2021-12-31 | CN¥835.39 Million ≈ $122.24 Million |
-0.89% |
| 2020-12-31 | CN¥842.85 Million ≈ $123.34 Million |
+64.40% |
| 2019-12-31 | CN¥512.68 Million ≈ $75.02 Million |
+20.09% |
| 2018-12-31 | CN¥426.91 Million ≈ $62.47 Million |
+84.34% |
| 2017-12-31 | CN¥231.59 Million ≈ $33.89 Million |
+28.69% |
| 2016-12-31 | CN¥179.96 Million ≈ $26.33 Million |
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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 78.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥54.65 Million | 6.09% |
| Other Components | CN¥842.57 Million | 93.91% |
| Total Equity | CN¥897.22 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 |
|---|---|
|
Reservoir Media Inc
NASDAQ:RSVR
|
$652.72 Million |
|
Inventronics Hangzhou Inc
SHE:300582
|
$653.09 Million |
|
JPP Holding Company Limited
TW:5284
|
$653.22 Million |
|
ABBISKO CAYMAN DL-00001
F:8ZD
|
$653.62 Million |
|
Zhejiang Xiantong Rubber&Plastic Co Ltd
SHG:603239
|
$652.46 Million |
|
Aura Biosciences Inc
NASDAQ:AURA
|
$652.37 Million |
|
Arizona Sonoran Copper Company Inc
TO:ASCU
|
$652.36 Million |
|
Alltop Technology Co Ltd
TWO:3526
|
$652.28 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 2024 to 2025, total equity changed from 855,226,154 to 897,222,117, a change of 41,995,963 (4.9%).
- Net income of 27,341,326 contributed positively to equity growth.
- Dividend payments of 45,567,559 reduced retained earnings.
- Other factors increased equity by 60,222,196.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥27.34 Million | +3.05% |
| Dividends Paid | CN¥45.57 Million | -5.08% |
| Other Changes | CN¥60.22 Million | +6.71% |
| Total Change | CN¥- | 4.91% |
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: 4.97x
- 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 11.61x to 4.97x 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¥48.00 | x |
| 2018-12-31 | CN¥6.39 | CN¥48.00 | x |
| 2019-12-31 | CN¥7.46 | CN¥48.00 | x |
| 2020-12-31 | CN¥9.19 | CN¥48.00 | x |
| 2021-12-31 | CN¥9.08 | CN¥48.00 | x |
| 2022-12-31 | CN¥8.44 | CN¥48.00 | x |
| 2023-12-31 | CN¥8.09 | CN¥48.00 | x |
| 2024-12-31 | CN¥9.30 | CN¥48.00 | x |
| 2025-12-31 | CN¥9.66 | CN¥48.00 | 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): 3.05%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.14%
- • Asset Turnover: 0.96x
- • Equity Multiplier: 2.79x
- Recent ROE (3.05%) is below the historical average (4.65%), suggesting potential challenges in 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 |
| 2025 | 3.05% | 1.14% | 0.96x | 2.79x | CN¥-62.38 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: $6,852,220,766
- Average return on equity (ROE) among peers: -12.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Neoway Technology Co Ltd (688159) | CN¥933.43 Million | 11.64% | 2.23x | $652.58 Million |
| ZTE Corp (000063) | $59.54 Billion | 13.57% | 2.04x | $22.19 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $777.81 Million | 0.64% | 0.63x | $2.72 Billion |
| Addsino Co Ltd (000547) | $5.39 Billion | 4.52% | 0.29x | $4.69 Billion |
| Sichuan Huiyuan Optical Com (000586) | $448.24 Million | 2.88% | 0.47x | $438.47 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $366.30 Million | -60.83% | 6.39x | $413.20 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $117.42 Million | 3.98% | 0.49x | $1.72 Billion |
| Skyworth Digital Co Ltd (000810) | $301.13 Million | 0.65% | 1.81x | $2.04 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $397.58 Million | -4.60% | 0.35x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $231.11 Million | -66.53% | 2.00x | $983.24 Million |
| Sunwave Communications Co Ltd (002115) | $945.20 Million | -14.30% | 1.10x | $1.40 Billion |
About 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