Shanghai Friendess Electronics Tech

SHG:688188 China Semiconductors
Market Cap
$5.87 Billion
CN¥43.06 Billion CNY
Market Cap Rank
#4948 Global
#588 in China
Share Price
CN¥149.14
Change (1 day)
+2.45%
52-Week Range
CN¥128.20 - CN¥200.00
All Time High
CN¥370.89
Categories
Companies in China Semiconductors Technology AI & Machine Learning
About

Shanghai BOCHU Electronic Technology Corporation Limited. engages in research, development, production, and sales of industrial automation systems in China. The company's primary products include high and low power controllers; heavy cutting controllers; structural steel and plane bevel cutting controllers; 2D, tube, plane bevel, and structural steel cutting heads; high-speed servo set laser proc… Read more

Shanghai Friendess Electronics Tech (688188) - Net Assets

Latest net assets as of September 2025: CN¥6.09 Billion CNY

Based on the latest financial reports, Shanghai Friendess Electronics Tech (688188) has net assets worth CN¥6.09 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.40 Billion) and total liabilities (CN¥316.44 Million). 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¥6.09 Billion
% of Total Assets 95.06%
Annual Growth Rate 64.96%
5-Year Change 121.45%
10-Year Change N/A
Growth Volatility 201.7

Shanghai Friendess Electronics Tech - Net Assets Trend (2016–2024)

This chart illustrates how Shanghai Friendess Electronics Tech's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Shanghai Friendess Electronics Tech (2016–2024)

The table below shows the annual net assets of Shanghai Friendess Electronics Tech from 2016 to 2024.

Year Net Assets Change
2024-12-31 CN¥5.52 Billion +10.07%
2023-12-31 CN¥5.02 Billion +16.58%
2022-12-31 CN¥4.30 Billion +43.53%
2021-12-31 CN¥3.00 Billion +20.23%
2020-12-31 CN¥2.49 Billion +16.01%
2019-12-31 CN¥2.15 Billion +641.11%
2018-12-31 CN¥290.14 Million +61.34%
2017-12-31 CN¥179.83 Million +78.51%
2016-12-31 CN¥100.74 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Friendess Electronics Tech'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 2093.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥2.16 Billion 39.51%
Common Stock CN¥205.46 Million 3.76%
Other Comprehensive Income CN¥283.58 Million 5.19%
Other Components CN¥2.82 Billion 51.55%
Total Equity CN¥5.47 Billion 100.00%

Shanghai Friendess Electronics Tech Competitors by Market Cap

The table below lists competitors of Shanghai Friendess Electronics Tech ranked by their market capitalization.

Company Market Cap
Tonghua Golden-Horse Pharmaceutical Industry Co Ltd
SHE:000766
 		$2.01 Billion
Page Industries Limited
NSE:PAGEIND
 		$2.01 Billion
Chimera Investment Corporation
NYSE:CIMO
 		$2.01 Billion
Western Metal Materials Co Ltd
SHE:002149
 		$2.02 Billion
Rand Merchant Investment Holdings Limited
PINK:RMRHF
 		$2.01 Billion
Pampa Energía S.A.
OTCGREY:PPENF
 		$2.01 Billion
Ningxia Orient Tantalum Industry Co Ltd
SHE:000962
 		$2.01 Billion
Grupa KĘTY SA
WAR:KTY
 		$2.01 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanghai Friendess Electronics Tech's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 4,971,637,403 to 5,467,518,127, a change of 495,880,724 (10.0%).
  • Net income of 882,710,221 contributed positively to equity growth.
  • Dividend payments of 515,862,398 reduced retained earnings.
  • Other comprehensive income increased equity by 57,472,773.
  • Other factors increased equity by 71,560,128.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥882.71 Million +16.14%
Dividends Paid CN¥515.86 Million -9.44%
Other Comprehensive Income CN¥57.47 Million +1.05%
Other Changes CN¥71.56 Million +1.31%
Total Change CN¥- 9.97%

Book Value vs Market Value Analysis

This analysis compares Shanghai Friendess Electronics Tech'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: 5.63x
  • 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 148.54x to 5.63x 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¥1.00 CN¥149.14 x
2017-12-31 CN¥1.79 CN¥149.14 x
2018-12-31 CN¥2.77 CN¥149.14 x
2019-12-31 CN¥15.34 CN¥149.14 x
2020-12-31 CN¥17.78 CN¥149.14 x
2021-12-31 CN¥21.19 CN¥149.14 x
2022-12-31 CN¥29.44 CN¥149.14 x
2023-12-31 CN¥33.76 CN¥149.14 x
2024-12-31 CN¥26.51 CN¥149.14 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Friendess Electronics Tech 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): 16.14%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 50.86%
  • • Asset Turnover: 0.30x
  • • Equity Multiplier: 1.08x
  • Recent ROE (16.14%) is below the historical average (31.36%), 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 74.61% 61.51% 0.77x 1.57x CN¥65.09 Million
2017 72.90% 62.31% 0.77x 1.51x CN¥113.11 Million
2018 48.00% 56.79% 0.67x 1.26x CN¥110.26 Million
2019 11.47% 65.50% 0.17x 1.03x CN¥31.50 Million
2020 14.87% 64.92% 0.22x 1.05x CN¥121.32 Million
2021 18.41% 60.23% 0.29x 1.05x CN¥251.27 Million
2022 11.21% 53.37% 0.20x 1.05x CN¥51.79 Million
2023 14.66% 51.80% 0.26x 1.07x CN¥231.75 Million
2024 16.14% 50.86% 0.30x 1.08x CN¥335.96 Million

Industry Comparison

This section compares Shanghai Friendess Electronics Tech's net assets metrics with peer companies in the Semiconductors industry.

Industry Context

  • Industry: Semiconductors
  • Average net assets among peers: $938,054,114
  • Average return on equity (ROE) among peers: 2.61%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shanghai Friendess Electronics Tech (688188) CN¥6.09 Billion 74.61% 0.05x $2.01 Billion
UniTTEC Co Ltd (000925) $408.24 Million 2.91% 0.44x $597.13 Million
Zhejiang Chengchang Technology Co. Ltd. (001270) $537.21 Million 8.47% 0.10x $1.22 Billion
Shenzhen Techwinsemi Technology Co. Ltd. (001309) $1.09 Billion 6.18% 0.81x $5.58 Billion
Unigroup Guoxin Microelectronics Co Ltd (002049) $2.03 Billion 6.95% 0.34x $6.22 Billion
Sinosteel Anhui Tianyuan Technology Co Ltd (002057) $91.68 Million 16.12% 1.14x $714.49 Million
Suzhou Good-Ark Electronics Co Ltd (002079) $445.12 Million 7.09% 0.19x $821.43 Million
Tianjin Printronics Circuit Corp (002134) $391.61 Million 3.24% 0.49x $580.83 Million
Tatwah Smartech Co Ltd (002512) $2.85 Billion 4.52% 0.77x $511.24 Million
Chutian Dragon Co Ltd (003040) $1.51 Billion 10.97% 0.46x $523.03 Million
Jiangsu Huasheng Tianlong Photo (300029) $21.30 Million -40.30% 16.97x $95.18 Million