Chengdu M&S Electronics Technology Co Ltd (688311) - Net Assets
Based on the latest financial reports, Chengdu M&S Electronics Technology Co Ltd (688311) has net assets worth CN¥1.64 Billion CNY (≈ $240.17 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.34 Billion ≈ $343.06 Million USD) and total liabilities (CN¥703.12 Million ≈ $102.89 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 asset resilience ratio of Chengdu M&S Electronics Technology Co Lt to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.64 Billion |
| % of Total Assets | 70.01% |
| Annual Growth Rate | 26.49% |
| 5-Year Change | 1.99% |
| 10-Year Change | N/A |
| Growth Volatility | 69.25 |
Chengdu M&S Electronics Technology Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Chengdu M&S Electronics Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 688311 asset base for the complete picture of this company's asset base.
Annual Net Assets for Chengdu M&S Electronics Technology Co Ltd (2016–2024)
The table below shows the annual net assets of Chengdu M&S Electronics Technology Co Ltd from 2016 to 2024. For live valuation and market cap data, see 688311 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.68 Billion ≈ $245.43 Million |
-4.52% |
| 2023-12-31 | CN¥1.76 Billion ≈ $257.06 Million |
-1.18% |
| 2022-12-31 | CN¥1.78 Billion ≈ $260.13 Million |
-2.37% |
| 2021-12-31 | CN¥1.82 Billion ≈ $266.45 Million |
+10.73% |
| 2020-12-31 | CN¥1.64 Billion ≈ $240.63 Million |
+215.86% |
| 2019-12-31 | CN¥520.62 Million ≈ $76.18 Million |
+43.32% |
| 2018-12-31 | CN¥363.26 Million ≈ $53.16 Million |
+7.13% |
| 2017-12-31 | CN¥339.09 Million ≈ $49.62 Million |
+32.49% |
| 2016-12-31 | CN¥255.93 Million ≈ $37.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chengdu M&S Electronics 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 decreased by 514.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥168.73 Million | 10.35% |
| Other Components | CN¥1.50 Billion | 92.10% |
| Total Equity | CN¥1.63 Billion | 100.00% |
Chengdu M&S Electronics Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Chengdu M&S Electronics Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CH. Karnchang Public Company Limited
BK:CK-R
|
$874.67 Million |
|
Ballard Power Systems Inc
TO:BLDP
|
$875.15 Million |
|
Camelot Electronics Technology Co. Ltd. A
SHE:301282
|
$875.15 Million |
|
Inwido AB
ST:INWI
|
$875.30 Million |
|
Eletromidia S.A
SA:ELMD3
|
$874.17 Million |
|
Anhui Estone Materials Technology Co Ltd
SHG:688733
|
$874.08 Million |
|
Ton Yi Industrial Corp
TW:9907
|
$873.14 Million |
|
Healthcare Global Enterprises Limited
NSE:HCG
|
$873.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chengdu M&S Electronics Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,705,368,668 to 1,629,657,105, a change of -75,711,563 (-4.4%).
- Net loss of 271,646,570 reduced equity.
- Dividend payments of 4,208,594 reduced retained earnings.
- Share repurchases of 2,860,821 reduced equity.
- Other factors increased equity by 203,004,422.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-271.65 Million | -16.67% |
| Dividends Paid | CN¥4.21 Million | -0.26% |
| Share Repurchases | CN¥2.86 Million | -0.18% |
| Other Changes | CN¥203.00 Million | +12.46% |
| Total Change | CN¥- | -4.44% |
Book Value vs Market Value Analysis
This analysis compares Chengdu M&S Electronics 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: 3.37x
- 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 11.15x to 3.37x 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¥3.08 | CN¥34.39 | x |
| 2017-12-31 | CN¥2.92 | CN¥34.39 | x |
| 2018-12-31 | CN¥3.22 | CN¥34.39 | x |
| 2019-12-31 | CN¥4.38 | CN¥34.39 | x |
| 2020-12-31 | CN¥11.96 | CN¥34.39 | x |
| 2021-12-31 | CN¥11.15 | CN¥34.39 | x |
| 2022-12-31 | CN¥11.27 | CN¥34.39 | x |
| 2023-12-31 | CN¥13.02 | CN¥34.39 | x |
| 2024-12-31 | CN¥10.20 | CN¥34.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chengdu M&S Electronics 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): -16.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -194.92%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 1.41x
- Recent ROE (-16.67%) is below the historical average (2.91%), 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 | 6.22% | 10.91% | 0.47x | 1.20x | CN¥-9.68 Million |
| 2017 | 1.47% | 3.10% | 0.34x | 1.39x | CN¥-28.93 Million |
| 2018 | 8.89% | 15.94% | 0.35x | 1.61x | CN¥-4.05 Million |
| 2019 | 14.03% | 25.81% | 0.32x | 1.67x | CN¥21.00 Million |
| 2020 | 6.51% | 25.29% | 0.20x | 1.30x | CN¥-57.39 Million |
| 2021 | 7.56% | 28.25% | 0.19x | 1.41x | CN¥-43.46 Million |
| 2022 | 1.51% | 5.46% | 0.18x | 1.51x | CN¥-147.26 Million |
| 2023 | -3.30% | -17.00% | 0.12x | 1.62x | CN¥-226.85 Million |
| 2024 | -16.67% | -194.92% | 0.06x | 1.41x | CN¥-434.61 Million |
Industry Comparison
This section compares Chengdu M&S Electronics 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: $5,529,985,490
- Average return on equity (ROE) among peers: -0.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu M&S Electronics Technology Co Ltd (688311) | CN¥1.64 Billion | 6.22% | 0.43x | $874.58 Million |
| ZTE Corp (000063) | $43.35 Billion | 8.36% | 1.79x | $21.63 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $204.52 Million | 22.76% | 2.18x | $2.38 Billion |
| Addsino Co Ltd (000547) | $459.32 Million | -8.36% | 1.39x | $5.75 Billion |
| Sichuan Huiyuan Optical Com (000586) | $262.65 Million | 0.31% | 1.13x | $501.31 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $78.54 Million | 4.37% | 0.86x | $417.18 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.80 Billion | 2.74% | 0.79x | $1.90 Billion |
| Skyworth Digital Co Ltd (000810) | $2.01 Billion | 18.94% | 0.94x | $2.14 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $2.78 Billion | 2.03% | 1.22x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $916.66 Million | -66.59% | 1.08x | $1.11 Billion |
| Sunwave Communications Co Ltd (002115) | $2.43 Billion | 5.61% | 0.88x | $1.71 Billion |
About Chengdu M&S Electronics Technology Co Ltd
Chengdu M&S Electronics Technology Co.,Ltd. engages in the research and development, manufacture, sale, and technical service of satellite navigation and communication terminal equipment in China and internationally. The company offers satellite navigation products, including navigation terminal equipment, satellite navigation receivers, components, special test equipment, etc. for use in the nat… Read more