Cambricon Technologies Corp Ltd (688256) - Net Assets
Based on the latest financial reports, Cambricon Technologies Corp Ltd (688256) has net assets worth CN¥12.88 Billion CNY (≈ $1.88 Billion 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¥15.40 Billion ≈ $2.25 Billion USD) and total liabilities (CN¥2.52 Billion ≈ $369.13 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 Cambricon Technologies Corp Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.88 Billion |
| % of Total Assets | 83.62% |
| Annual Growth Rate | 108.57% |
| 5-Year Change | 98.04% |
| 10-Year Change | N/A |
| Growth Volatility | 497.36 |
Cambricon Technologies Corp Ltd - Net Assets Trend (2017–2025)
This chart illustrates how Cambricon Technologies Corp Ltd's net assets have evolved over time, based on quarterly financial data. See 688256 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Cambricon Technologies Corp Ltd (2017–2025)
The table below shows the annual net assets of Cambricon Technologies Corp Ltd from 2017 to 2025. For live valuation and market cap data, see market value of Cambricon Technologies Corp Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥11.84 Billion ≈ $1.73 Billion |
+118.09% |
| 2024-12-31 | CN¥5.43 Billion ≈ $794.65 Million |
-5.22% |
| 2023-12-31 | CN¥5.73 Billion ≈ $838.41 Million |
+15.99% |
| 2022-12-31 | CN¥4.94 Billion ≈ $722.85 Million |
-17.40% |
| 2021-12-31 | CN¥5.98 Billion ≈ $875.09 Million |
-7.02% |
| 2020-12-31 | CN¥6.43 Billion ≈ $941.13 Million |
+47.63% |
| 2019-12-31 | CN¥4.36 Billion ≈ $637.49 Million |
+753.14% |
| 2018-12-31 | CN¥510.64 Million ≈ $74.72 Million |
+1443.82% |
| 2017-12-31 | CN¥33.08 Million ≈ $4.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Cambricon Technologies Corp 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 37004850304.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥421.69 Million | 3.56% |
| Other Comprehensive Income | CN¥472.85 Million | 3.99% |
| Other Components | CN¥10.95 Billion | 92.54% |
| Total Equity | CN¥11.84 Billion | 100.00% |
Cambricon Technologies Corp Ltd Competitors by Market Cap
The table below lists competitors of Cambricon Technologies Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Allianz SE VNA O.N.
XETRA:ALV
|
$140.11 Billion |
|
ALLIANZ SE UNSP.ADR 1/10
F:ALVE
|
$141.45 Billion |
|
Applovin Corp
NASDAQ:APP
|
$143.61 Billion |
|
Pfizer Inc
NYSE:PFE
|
$143.68 Billion |
|
Airbus SE
F:AIRA
|
$137.92 Billion |
|
Airbus Group SE
PA:AIR
|
$136.73 Billion |
|
Shopify Inc
TO:SHOP
|
$135.63 Billion |
|
Delta Electronics (Thailand) Public Company Limited
BK:DELTA
|
$134.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Cambricon Technologies Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,422,658,659 to 11,836,173,972, a change of 6,413,515,313 (118.3%).
- Net income of 2,059,228,540 contributed positively to equity growth.
- Dividend payments of 4,116,823 reduced retained earnings.
- Other comprehensive income increased equity by 238,222,034.
- Other factors increased equity by 4,120,181,562.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.06 Billion | +17.4% |
| Dividends Paid | CN¥4.12 Million | -0.03% |
| Other Comprehensive Income | CN¥238.22 Million | +2.01% |
| Other Changes | CN¥4.12 Billion | +34.81% |
| Total Change | CN¥- | 118.27% |
Book Value vs Market Value Analysis
This analysis compares Cambricon Technologies Corp 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: 53.54x
- 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 16431.84x to 53.54x 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¥0.09 | CN¥1507.46 | x |
| 2018-12-31 | CN¥1.42 | CN¥1507.46 | x |
| 2019-12-31 | CN¥12.08 | CN¥1507.46 | x |
| 2020-12-31 | CN¥17.02 | CN¥1507.46 | x |
| 2021-12-31 | CN¥14.71 | CN¥1507.46 | x |
| 2022-12-31 | CN¥12.13 | CN¥1507.46 | x |
| 2023-12-31 | CN¥13.78 | CN¥1507.46 | x |
| 2024-12-31 | CN¥13.07 | CN¥1507.46 | x |
| 2025-12-31 | CN¥28.15 | CN¥1507.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Cambricon Technologies Corp 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): 17.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 31.69%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.14x
- Recent ROE (17.40%) is above the historical average (-137.63%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -1150.97% | -4853.85% | 0.01x | 17.84x | CN¥-384.01 Million |
| 2018 | -8.04% | -35.07% | 0.04x | 5.96x | CN¥-92.11 Million |
| 2019 | -27.06% | -265.57% | 0.10x | 1.07x | CN¥-1.61 Billion |
| 2020 | -6.76% | -94.68% | 0.06x | 1.14x | CN¥-1.08 Billion |
| 2021 | -14.00% | -114.41% | 0.10x | 1.19x | CN¥-1.41 Billion |
| 2022 | -25.88% | -172.33% | 0.13x | 1.19x | CN¥-1.74 Billion |
| 2023 | -15.02% | -119.60% | 0.11x | 1.14x | CN¥-1.41 Billion |
| 2024 | -8.34% | -38.51% | 0.17x | 1.24x | CN¥-994.60 Million |
| 2025 | 17.40% | 31.69% | 0.48x | 1.14x | CN¥875.61 Million |
Industry Comparison
This section compares Cambricon Technologies Corp Ltd'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 |
|---|---|---|---|---|
| Cambricon Technologies Corp Ltd (688256) | CN¥12.88 Billion | -1150.97% | 0.20x | $138.59 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 Cambricon Technologies Corp Ltd
Cambricon Technologies Corporation Limited engages in the research, development, design, and sale of core AI chips for terminal devices in China. The company offers cloud-based intelligent chips and boards, intelligent complete machines, edge intelligence chips and boards, and related supporting basic system software. It also provides smart accelerator cards, including the Siyuan 370 and Siyuan 2… Read more