Shanghai Friendess Electronics Tech (688188) - Net Assets

Latest as of March 2026: CN¥6.43 Billion CNY ≈ $941.32 Million USD

Based on the latest financial reports, Shanghai Friendess Electronics Tech (688188) has net assets worth CN¥6.43 Billion CNY (≈ $941.32 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¥6.82 Billion ≈ $997.42 Million USD) and total liabilities (CN¥383.40 Million ≈ $56.10 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 how tangible is Shanghai Friendess Electronics Tech's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.43 Billion
% of Total Assets	94.38%
Annual Growth Rate	71.15%
5-Year Change	323.17%
10-Year Change	N/A
Growth Volatility	190.25

Shanghai Friendess Electronics Tech - Net Assets Trend (2016–2025)

This chart illustrates how Shanghai Friendess Electronics Tech's net assets have evolved over time, based on quarterly financial data. See how many days can Shanghai Friendess Electronics Tech fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shanghai Friendess Electronics Tech (2016–2025)

The table below shows the annual net assets of Shanghai Friendess Electronics Tech from 2016 to 2025. For live valuation and market cap data, see 688188 stock market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥12.69 Billion ≈ $1.86 Billion	+129.74%
2024-12-31	CN¥5.52 Billion ≈ $808.36 Million	+10.07%
2023-12-31	CN¥5.02 Billion ≈ $734.39 Million	+16.58%
2022-12-31	CN¥4.30 Billion ≈ $629.92 Million	+43.53%
2021-12-31	CN¥3.00 Billion ≈ $438.87 Million	+20.23%
2020-12-31	CN¥2.49 Billion ≈ $365.03 Million	+16.01%
2019-12-31	CN¥2.15 Billion ≈ $314.65 Million	+641.11%
2018-12-31	CN¥290.14 Million ≈ $42.46 Million	+61.34%
2017-12-31	CN¥179.83 Million ≈ $26.32 Million	+78.51%
2016-12-31	CN¥100.74 Million ≈ $14.74 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 2533.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥2.59 Billion	42.61%
Other Comprehensive Income	CN¥6.01 Billion	98.79%
Total Equity	CN¥6.09 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
SARTORIUS AG UNSP.ADR 1/5 F:SRT4	$7.12 Billion
Telekom Malaysia Bhd KLSE:4863	$7.13 Billion
PSP SWISS ADR 1/5/SF1050 F:P7S0	$7.13 Billion
Ralliant Corporation Common Stock NYSE:RAL	$7.14 Billion
Klarna Group plc NYSE:KLAR	$7.12 Billion
Tingyi (Cayman Islands) Holding Corp F:TYG	$7.12 Billion
Prestige Estates Projects Limited NSE:PRESTIGE	$7.12 Billion
VinFast Auto Ltd. Ordinary Shares NASDAQ:VFS	$7.11 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 2024 to 2025, total equity changed from 5,467,518,127 to 6,087,559,000, a change of 620,040,873 (11.3%).
Net income of 1,108,573,343 contributed positively to equity growth.
Dividend payments of 637,240,614 reduced retained earnings.
Other comprehensive income increased equity by 5,730,456,474.
Other factors decreased equity by 5,581,748,330.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.11 Billion	+18.21%
Dividends Paid	CN¥637.24 Million	-10.47%
Other Comprehensive Income	CN¥5.73 Billion	+94.13%
Other Changes	CN¥-5.58 Billion	-91.69%
Total Change	CN¥-	11.34%

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: 8.00x
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 increased from 2.51x to 8.00x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	CN¥67.16	CN¥168.59	x
2017-12-31	CN¥119.89	CN¥168.59	x
2018-12-31	CN¥1.41	CN¥168.59	x
2019-12-31	CN¥9.41	CN¥168.59	x
2020-12-31	CN¥9.07	CN¥168.59	x
2021-12-31	CN¥10.81	CN¥168.59	x
2022-12-31	CN¥15.02	CN¥168.59	x
2023-12-31	CN¥17.25	CN¥168.59	x
2024-12-31	CN¥18.94	CN¥168.59	x
2025-12-31	CN¥21.09	CN¥168.59	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): 18.21%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 50.49%
• Asset Turnover: 0.33x
• Equity Multiplier: 1.08x
Recent ROE (18.21%) is below the historical average (30.05%), 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
2025	18.21%	50.49%	0.33x	1.08x	CN¥499.82 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: $758,137,872
Average return on equity (ROE) among peers: 7.55%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Friendess Electronics Tech (688188)	CN¥6.43 Billion	74.61%	0.06x	$7.12 Billion
UniTTEC Co Ltd (000925)	$3.09 Billion	1.86%	1.43x	$807.63 Million
Unigroup Guoxin Microelectronics Co Ltd (002049)	$87.45 Million	17.73%	0.92x	$9.99 Billion
Sinosteel Anhui Tianyuan Technology Co Ltd (002057)	$238.46 Million	1.47%	0.52x	$1.34 Billion
Suzhou Good-Ark Electronics Co Ltd (002079)	$150.59 Million	29.58%	0.75x	$1.83 Billion
Ningbo Kangqiang Electronics Co Ltd (002119)	$552.98 Million	1.15%	0.72x	$1.90 Billion
Tianjin Printronics Circuit Corp (002134)	$609.67 Million	-14.49%	0.33x	$1.09 Billion
Tatwah Smartech Co Ltd (002512)	$318.94 Million	-63.28%	6.24x	$640.43 Million
Chutian Dragon Co Ltd (003040)	$916.47 Million	6.34%	0.58x	$791.53 Million
Jiangsu Huasheng Tianlong Photo (300029)	$63.06 Million	81.02%	3.66x	$5.87 Million
Nations Technologies Inc (300077)	$1.55 Billion	14.11%	0.72x	$1.99 Billion

About Shanghai Friendess Electronics Tech

SHG:688188 China Semiconductors

Market Cap

$7.12 Billion

CN¥48.68 Billion CNY

Market Cap Rank

#2878 Global

#380 in China

Share Price

CN¥168.59

Change (1 day)

-1.00%

52-Week Range

CN¥128.20 - CN¥177.81

All Time High

CN¥370.89