China Resources Microelectronics Ltd
China Resources Microelectronics Limited engages in the manufacture and sale of semiconductors in China and internationally. The company offers power devices, power modules, power integrated circuits (ICs), and intelligent sensors and controls. Its products are used in TV power source, charger/adapter, wireless charging, electric bicycle, UPS power, electric/garden tools, industrial welder, lithi… Read more
China Resources Microelectronics Ltd (688396) - Net Assets
Latest net assets as of September 2025: CN¥24.81 Billion CNY
Based on the latest financial reports, China Resources Microelectronics Ltd (688396) has net assets worth CN¥24.81 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥30.11 Billion) and total liabilities (CN¥5.30 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥24.81 Billion |
| % of Total Assets | 82.38% |
| Annual Growth Rate | 15.15% |
| 5-Year Change | 105.88% |
| 10-Year Change | N/A |
| Growth Volatility | 30.32 |
China Resources Microelectronics Ltd - Net Assets Trend (2010–2024)
This chart illustrates how China Resources Microelectronics Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for China Resources Microelectronics Ltd (2010–2024)
The table below shows the annual net assets of China Resources Microelectronics Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥24.30 Billion | +2.82% |
| 2023-12-31 | CN¥23.63 Billion | +14.18% |
| 2022-12-31 | CN¥20.70 Billion | +18.26% |
| 2021-12-31 | CN¥17.50 Billion | +48.30% |
| 2020-12-31 | CN¥11.80 Billion | +84.65% |
| 2019-12-31 | CN¥6.39 Billion | +27.31% |
| 2018-12-31 | CN¥5.02 Billion | +12.29% |
| 2017-12-31 | CN¥4.47 Billion | +63.72% |
| 2016-12-31 | CN¥2.73 Billion | -18.99% |
| 2010-12-31 | CN¥3.37 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Resources Microelectronics 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 682450461400.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.41 Billion | 28.74% |
| Common Stock | CN¥1.22 Billion | 5.47% |
| Other Comprehensive Income | CN¥4.07 Billion | 18.23% |
| Other Components | CN¥10.61 Billion | 47.56% |
| Total Equity | CN¥22.31 Billion | 100.00% |
China Resources Microelectronics Ltd Competitors by Market Cap
The table below lists competitors of China Resources Microelectronics Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Smoore International Holdings Limited
PINK:SMORF
|
$2.94 Billion |
|
Jindal Stainless Limited
NSE:JSL
|
$2.94 Billion |
|
Supreme Industries Limited
NSE:SUPREMEIND
|
$2.94 Billion |
|
Beijing Easpring Material Tech
SHE:300073
|
$2.94 Billion |
|
Fujian Anjoy Foods Co Ltd
SHG:603345
|
$2.94 Billion |
|
Polibeli Group Ltd Class A Ordinary Shares
NASDAQ:PLBL
|
$2.93 Billion |
|
Meinian Onehealth Healthcare Holdings Co Ltd
SHE:002044
|
$2.93 Billion |
|
Rayonier Inc
NYSE:RYN
|
$2.93 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Resources Microelectronics Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,558,056,748 to 22,306,213,072, a change of 748,156,324 (3.5%).
- Net income of 762,459,874 contributed positively to equity growth.
- Dividend payments of 191,369,968 reduced retained earnings.
- Other comprehensive income decreased equity by 92,345,749.
- Other factors increased equity by 269,412,167.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥762.46 Million | +3.42% |
| Dividends Paid | CN¥191.37 Million | -0.86% |
| Other Comprehensive Income | CN¥-92.35 Million | -0.41% |
| Other Changes | CN¥269.41 Million | +1.21% |
| Total Change | CN¥- | 3.47% |
Book Value vs Market Value Analysis
This analysis compares China Resources Microelectronics 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: 2.95x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 14.22x to 2.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | CN¥3.50 | CN¥49.80 | x |
| 2016-12-31 | CN¥3.09 | CN¥49.80 | x |
| 2017-12-31 | CN¥4.36 | CN¥49.80 | x |
| 2018-12-31 | CN¥4.72 | CN¥49.80 | x |
| 2019-12-31 | CN¥6.17 | CN¥49.80 | x |
| 2020-12-31 | CN¥8.70 | CN¥49.80 | x |
| 2021-12-31 | CN¥13.45 | CN¥49.80 | x |
| 2022-12-31 | CN¥15.14 | CN¥49.80 | x |
| 2023-12-31 | CN¥16.32 | CN¥49.80 | x |
| 2024-12-31 | CN¥16.87 | CN¥49.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Resources Microelectronics 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): 3.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.54%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.30x
- Recent ROE (3.42%) is below the historical average (6.17%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 7.71% | 7.03% | 0.53x | 2.07x | CN¥-70.48 Million |
| 2016 | -11.14% | -6.88% | 0.59x | 2.76x | CN¥-574.45 Million |
| 2017 | 1.83% | 1.20% | 0.60x | 2.54x | CN¥-312.95 Million |
| 2018 | 10.35% | 6.85% | 0.63x | 2.41x | CN¥14.62 Million |
| 2019 | 7.39% | 6.98% | 0.57x | 1.86x | CN¥-141.56 Million |
| 2020 | 9.11% | 13.81% | 0.42x | 1.56x | CN¥-94.62 Million |
| 2021 | 13.12% | 24.52% | 0.42x | 1.28x | CN¥538.95 Million |
| 2022 | 13.10% | 26.02% | 0.38x | 1.32x | CN¥619.20 Million |
| 2023 | 6.86% | 14.94% | 0.34x | 1.36x | CN¥-676.54 Million |
| 2024 | 3.42% | 7.54% | 0.35x | 1.30x | CN¥-1.47 Billion |
Industry Comparison
This section compares China Resources Microelectronics Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $880,722,789
- Average return on equity (ROE) among peers: -2.00%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Resources Microelectronics Ltd (688396) | CN¥24.81 Billion | 7.71% | 0.21x | $2.94 Billion |
| UniTTEC Co Ltd (000925) | $84.18 Million | 29.84% | 0.80x | $578.87 Million |
| Zhejiang Chengchang Technology Co. Ltd. (001270) | $1.36 Billion | 9.73% | 0.04x | $1.22 Billion |
| Shenzhen Techwinsemi Technology Co. Ltd. (001309) | $28.78 Million | 25.94% | 4.55x | $5.61 Billion |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $2.35 Billion | 11.59% | 0.31x | $6.06 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $3.02 Billion | 7.15% | 0.61x | $693.86 Million |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $150.59 Million | 29.58% | 0.75x | $799.25 Million |
| Tianjin Printronics Circuit Corp (002134) | $695.35 Million | -2.78% | 0.19x | $565.39 Million |
| Tatwah Smartech Co Ltd (002512) | $109.40 Million | 34.98% | 1.09x | $489.89 Million |
| Chutian Dragon Co Ltd (003040) | $988.34 Million | 12.83% | 0.52x | $512.00 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $17.90 Million | -178.82% | 10.63x | $94.42 Million |