Hangzhou Raycloud Technology Co Ltd (688365) - Net Assets
Based on the latest financial reports, Hangzhou Raycloud Technology Co Ltd (688365) has net assets worth CN¥949.68 Million CNY (≈ $138.97 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¥1.78 Billion ≈ $260.58 Million USD) and total liabilities (CN¥831.09 Million ≈ $121.61 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 strategically is Hangzhou Raycloud Technology Co Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥949.68 Million |
| % of Total Assets | 53.33% |
| Annual Growth Rate | 15.94% |
| 5-Year Change | -15.52% |
| 10-Year Change | N/A |
| Growth Volatility | 37.96 |
Hangzhou Raycloud Technology Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Hangzhou Raycloud Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Hangzhou Raycloud Technology Co Ltd worth.
Annual Net Assets for Hangzhou Raycloud Technology Co Ltd (2016–2025)
The table below shows the annual net assets of Hangzhou Raycloud Technology Co Ltd from 2016 to 2025. Also explore Hangzhou Raycloud Technology Co Ltd annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥942.03 Million ≈ $137.85 Million |
-1.19% |
| 2024-12-31 | CN¥953.35 Million ≈ $139.51 Million |
-6.82% |
| 2023-12-31 | CN¥1.02 Billion ≈ $149.72 Million |
+17.47% |
| 2022-12-31 | CN¥871.04 Million ≈ $127.46 Million |
-21.88% |
| 2021-12-31 | CN¥1.12 Billion ≈ $163.16 Million |
-1.63% |
| 2020-12-31 | CN¥1.13 Billion ≈ $165.87 Million |
+57.07% |
| 2019-12-31 | CN¥721.68 Million ≈ $105.60 Million |
+18.47% |
| 2018-12-31 | CN¥609.15 Million ≈ $89.14 Million |
+16.29% |
| 2017-12-31 | CN¥523.84 Million ≈ $76.65 Million |
+110.50% |
| 2016-12-31 | CN¥248.86 Million ≈ $36.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Raycloud 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 8845571890.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.08 Billion | 114.21% |
| Total Equity | CN¥945.41 Million | 100.00% |
Hangzhou Raycloud Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Hangzhou Raycloud Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen New Nanshan Holding Group Co Ltd
SHE:002314
|
$887.56 Million |
|
Xinzhi Motor Co Ltd
SHE:002664
|
$887.62 Million |
|
Henan Hengxing Science & Technology Co Ltd
SHE:002132
|
$888.04 Million |
|
Yubico AB
ST:YUBICO
|
$888.24 Million |
|
Bata India Limited
NSE:BATAINDIA
|
$887.22 Million |
|
Corticeira Amorim
LS:COR
|
$887.11 Million |
|
Blacksky Technology Inc
NYSE:BKSY
|
$886.84 Million |
|
GuangZhou BaiYun Elec Equip Co
SHG:603861
|
$886.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Raycloud Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 956,250,133 to 945,405,580, a change of -10,844,553 (-1.1%).
- Net loss of 26,380,200 reduced equity.
- Dividend payments of 5,102,187 reduced retained earnings.
- Other factors increased equity by 20,637,835.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-26.38 Million | -2.79% |
| Dividends Paid | CN¥5.10 Million | -0.54% |
| Other Changes | CN¥20.64 Million | +2.18% |
| Total Change | CN¥- | -1.13% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Raycloud 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: 6.62x
- 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 17.69x to 6.62x 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¥0.80 | CN¥14.24 | x |
| 2017-12-31 | CN¥1.48 | CN¥14.24 | x |
| 2018-12-31 | CN¥1.71 | CN¥14.24 | x |
| 2019-12-31 | CN¥2.02 | CN¥14.24 | x |
| 2020-12-31 | CN¥2.90 | CN¥14.24 | x |
| 2021-12-31 | CN¥2.79 | CN¥14.24 | x |
| 2022-12-31 | CN¥2.18 | CN¥14.24 | x |
| 2023-12-31 | CN¥2.22 | CN¥14.24 | x |
| 2024-12-31 | CN¥2.21 | CN¥14.24 | x |
| 2025-12-31 | CN¥2.15 | CN¥14.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Raycloud 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): -2.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -4.67%
- • Asset Turnover: 0.32x
- • Equity Multiplier: 1.85x
- Recent ROE (-2.79%) is below the historical average (2.78%), 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 | 8.70% | 8.26% | 0.86x | 1.22x | CN¥-3.24 Million |
| 2017 | 18.93% | 27.68% | 0.62x | 1.11x | CN¥46.80 Million |
| 2018 | 17.58% | 23.01% | 0.66x | 1.16x | CN¥46.19 Million |
| 2019 | 13.35% | 20.74% | 0.56x | 1.15x | CN¥24.20 Million |
| 2020 | 8.27% | 18.37% | 0.39x | 1.15x | CN¥-19.58 Million |
| 2021 | -5.38% | -10.92% | 0.37x | 1.34x | CN¥-170.16 Million |
| 2022 | -20.51% | -36.21% | 0.38x | 1.51x | CN¥-266.07 Million |
| 2023 | -1.80% | -3.88% | 0.30x | 1.53x | CN¥-120.77 Million |
| 2024 | -8.58% | -17.17% | 0.30x | 1.68x | CN¥-177.67 Million |
| 2025 | -2.79% | -4.67% | 0.32x | 1.85x | CN¥-120.92 Million |
Industry Comparison
This section compares Hangzhou Raycloud Technology Co Ltd's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $3,869,687,536
- Average return on equity (ROE) among peers: 7.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Raycloud Technology Co Ltd (688365) | CN¥949.68 Million | 8.70% | 0.88x | $887.32 Million |
| Digital China Information Service Co Ltd (000555) | $-129.10 Million | 0.00% | 0.00x | $1.48 Billion |
| Fujian Newland Computer Co Ltd (000997) | $770.93 Million | 5.35% | 0.32x | $2.90 Billion |
| YGSOFT Inc (002063) | $1.24 Billion | 23.25% | 0.11x | $1.50 Billion |
| Dhc Software Co Ltd (002065) | $145.16 Million | 27.99% | 1.22x | $3.12 Billion |
| Zhejiang Netsun Co Ltd (002095) | $1.07 Billion | 1.80% | 0.22x | $597.61 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $4.92 Billion | 4.89% | 0.37x | $899.26 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $9.16 Billion | -0.74% | 0.17x | $3.02 Billion |
| Shanghai 2345 Network Holding Group (002195) | $277.79 Million | 7.30% | 0.13x | $5.11 Billion |
| Iflytek Co Ltd (002230) | $19.86 Billion | 4.23% | 1.26x | $13.53 Billion |
| Qiming Information Technology Co Ltd (002232) | $1.38 Billion | 5.29% | 0.61x | $925.45 Million |
About Hangzhou Raycloud Technology Co Ltd
Hangzhou Raycloud Technology Co.,Ltd engages in providing e-commerce software services in China and internationally. It offers Software as a Service to e-commerce merchants. The company also provides value-added products and services, such as supporting hardware and operational services. In addition, it provides super store manager, express assistant, prosperous store transactions, super express,… Read more