Great Microwave Technology Co. Ltd. A (688270) - Net Assets
Based on the latest financial reports, Great Microwave Technology Co. Ltd. A (688270) has net assets worth CN¥2.29 Billion CNY (≈ $335.80 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¥2.45 Billion ≈ $358.13 Million USD) and total liabilities (CN¥152.59 Million ≈ $22.33 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. Also explore 688270 current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.29 Billion |
| % of Total Assets | 93.77% |
| Annual Growth Rate | 66.48% |
| 5-Year Change | 389.46% |
| 10-Year Change | N/A |
| Growth Volatility | 159.75 |
Great Microwave Technology Co. Ltd. A - Net Assets Trend (2018–2025)
This chart illustrates how Great Microwave Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Great Microwave Technology Co. Ltd. A to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Great Microwave Technology Co. Ltd. A (2018–2025)
The table below shows the annual net assets of Great Microwave Technology Co. Ltd. A from 2018 to 2025. For live valuation and market cap data, see market cap of Great Microwave Technology Co. Ltd. A.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.25 Billion ≈ $329.86 Million |
+5.26% |
| 2024-12-31 | CN¥2.14 Billion ≈ $313.36 Million |
+0.33% |
| 2023-12-31 | CN¥2.13 Billion ≈ $312.32 Million |
+2.19% |
| 2022-12-31 | CN¥2.09 Billion ≈ $305.63 Million |
+353.50% |
| 2021-12-31 | CN¥460.55 Million ≈ $67.39 Million |
+27.33% |
| 2020-12-31 | CN¥361.70 Million ≈ $52.93 Million |
+374.21% |
| 2019-12-31 | CN¥76.27 Million ≈ $11.16 Million |
+19.97% |
| 2018-12-31 | CN¥63.58 Million ≈ $9.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Great Microwave Technology Co. Ltd. A'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 44024743530.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥303.93 Million | 13.48% |
| Other Components | CN¥1.95 Billion | 86.52% |
| Total Equity | CN¥2.25 Billion | 100.00% |
Great Microwave Technology Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Great Microwave Technology Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Suochen Information Technology Co. Ltd. A
SHG:688507
|
$1.91 Billion |
|
CJ Cheiljedang
KO:097950
|
$1.91 Billion |
|
Nyocor Co Ltd
SHG:600821
|
$1.91 Billion |
|
First Commonwealth Financial
NYSE:FCF
|
$1.91 Billion |
|
Pehuenche
SN:PEHUENCHE
|
$1.90 Billion |
|
Jiangsu Changling Hydraulic Co. Ltd
SHG:605389
|
$1.90 Billion |
|
Newell Rubbermaid Inc.
NASDAQ:NWL
|
$1.90 Billion |
|
Intapp Inc
NASDAQ:INTA
|
$1.90 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Great Microwave Technology Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,141,434,056 to 2,254,175,239, a change of 112,741,183 (5.3%).
- Net income of 133,230,498 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥133.23 Million | +5.91% |
| Other Changes | CN¥-20.49 Million | -0.91% |
| Total Change | CN¥- | 5.26% |
Book Value vs Market Value Analysis
This analysis compares Great Microwave Technology Co. Ltd. A'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: 5.53x
- 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 78.28x to 5.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CN¥0.78 | CN¥60.81 | x |
| 2019-12-31 | CN¥0.50 | CN¥60.81 | x |
| 2020-12-31 | CN¥2.25 | CN¥60.81 | x |
| 2021-12-31 | CN¥2.88 | CN¥60.81 | x |
| 2022-12-31 | CN¥9.97 | CN¥60.81 | x |
| 2023-12-31 | CN¥10.01 | CN¥60.81 | x |
| 2024-12-31 | CN¥9.60 | CN¥60.81 | x |
| 2025-12-31 | CN¥11.00 | CN¥60.81 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Great Microwave Technology Co. Ltd. A 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): 5.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.86%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 1.07x
- Recent ROE (5.91%) is above the historical average (-1.69%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | -77.04% | -1226.44% | 0.05x | 1.24x | CN¥-55.34 Million |
| 2019 | 5.49% | 7.55% | 0.51x | 1.43x | CN¥-3.44 Million |
| 2020 | 21.27% | 50.57% | 0.38x | 1.10x | CN¥40.77 Million |
| 2021 | 21.46% | 51.86% | 0.38x | 1.09x | CN¥52.79 Million |
| 2022 | 5.16% | 44.41% | 0.11x | 1.04x | CN¥-101.13 Million |
| 2023 | 3.40% | 25.81% | 0.13x | 1.05x | CN¥-140.95 Million |
| 2024 | 0.83% | 5.88% | 0.14x | 1.04x | CN¥-196.29 Million |
| 2025 | 5.91% | 30.86% | 0.18x | 1.07x | CN¥-92.19 Million |
Industry Comparison
This section compares Great Microwave Technology Co. Ltd. A's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $778,235,809
- Average return on equity (ROE) among peers: 3.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Great Microwave Technology Co. Ltd. A (688270) | CN¥2.29 Billion | -77.04% | 0.07x | $1.90 Billion |
| UniTTEC Co Ltd (000925) | $130.08 Million | 16.60% | 0.80x | $716.57 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $100.68 Million | 17.06% | 1.00x | $7.97 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $249.00 Million | 4.67% | 0.56x | $904.60 Million |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $470.74 Million | 3.57% | 0.22x | $1.19 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $629.45 Million | 7.50% | 0.73x | $1.05 Billion |
| Tianjin Printronics Circuit Corp (002134) | $437.62 Million | 3.24% | 0.45x | $667.35 Million |
| Tatwah Smartech Co Ltd (002512) | $1.36 Billion | 1.48% | 2.22x | $611.40 Million |
| Chutian Dragon Co Ltd (003040) | $1.50 Billion | 4.69% | 0.35x | $757.11 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $200.55 Million | -28.83% | 2.09x | $3.52 Million |
| Nations Technologies Inc (300077) | $2.71 Billion | 0.17% | 0.05x | $1.40 Billion |
About Great Microwave Technology Co. Ltd. A
Great Microwave Technology Co., Ltd. engages in the research and development, production, and sale of integrated circuit chips and microsystems in China. The company offers terminal radio frequency (RF) front-end chips, including terminal power amplifiers, low-noise amplifiers, and RF switches for use in wireless communication terminals, such as ad hoc networks, radios, digital intercoms, and nav… Read more