China Resources Microelectronics Ltd (688396) - Net Assets

Latest as of September 2025: CN¥24.81 Billion CNY ≈ $3.63 Billion USD

Based on the latest financial reports, China Resources Microelectronics Ltd (688396) has net assets worth CN¥24.81 Billion CNY (≈ $3.63 Billion 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¥30.11 Billion ≈ $4.41 Billion USD) and total liabilities (CN¥5.30 Billion ≈ $776.25 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 China Resources Microelectronics Ltd (688396) asset resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore balance sheet size of China Resources Microelectronics Ltd for the complete picture of this company's asset base.

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. For live valuation and market cap data, see China Resources Microelectronics Ltd market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥24.30 Billion ≈ $3.56 Billion	+2.82%
2023-12-31	CN¥23.63 Billion ≈ $3.46 Billion	+14.18%
2022-12-31	CN¥20.70 Billion ≈ $3.03 Billion	+18.26%
2021-12-31	CN¥17.50 Billion ≈ $2.56 Billion	+48.30%
2020-12-31	CN¥11.80 Billion ≈ $1.73 Billion	+84.65%
2019-12-31	CN¥6.39 Billion ≈ $935.18 Million	+27.31%
2018-12-31	CN¥5.02 Billion ≈ $734.55 Million	+12.29%
2017-12-31	CN¥4.47 Billion ≈ $654.18 Million	+63.72%
2016-12-31	CN¥2.73 Billion ≈ $399.57 Million	-18.99%
2010-12-31	CN¥3.37 Billion ≈ $493.26 Million	--

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
Inner Mongolia Xingye Mining Co Ltd SHE:000426	$11.01 Billion
VAT GROUP AG UNSP.ADR 10 F:19V0	$11.02 Billion
Avidity Biosciences, Inc NASDAQ:RNAM	$11.02 Billion
Guardant Health Inc NASDAQ:GH	$11.02 Billion
SANLAM LTD RC-01 ADR/2 F:LA6S	$10.98 Billion
ORIGIN ENERGY UNSP.ADR/1 F:ORL0	$10.98 Billion
Rambus Inc NASDAQ:RMBS	$10.97 Billion
GameStop Corp. NYSE:GME	$10.96 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: 3.36x
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 16.18x to 3.36x 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¥56.65	x
2016-12-31	CN¥3.09	CN¥56.65	x
2017-12-31	CN¥4.36	CN¥56.65	x
2018-12-31	CN¥4.72	CN¥56.65	x
2019-12-31	CN¥6.17	CN¥56.65	x
2020-12-31	CN¥8.70	CN¥56.65	x
2021-12-31	CN¥13.45	CN¥56.65	x
2022-12-31	CN¥15.14	CN¥56.65	x
2023-12-31	CN¥16.32	CN¥56.65	x
2024-12-31	CN¥16.87	CN¥56.65	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: $2,095,615,821
Average return on equity (ROE) among peers: 6.02%

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	$11.00 Billion
UniTTEC Co Ltd (000925)	$1.22 Billion	2.79%	2.52x	$909.57 Million
Unigroup Guoxin Microelectronics Co Ltd (002049)	$12.39 Billion	9.51%	0.40x	$9.61 Billion
Sinosteel Anhui Tianyuan Technology Co Ltd (002057)	$245.66 Million	4.18%	0.78x	$1.06 Billion
Suzhou Good-Ark Electronics Co Ltd (002079)	$501.66 Million	7.47%	0.41x	$1.39 Billion
Ningbo Kangqiang Electronics Co Ltd (002119)	$629.45 Million	7.50%	0.73x	$1.15 Billion
Tianjin Printronics Circuit Corp (002134)	$710.96 Million	2.48%	0.13x	$913.46 Million
Tatwah Smartech Co Ltd (002512)	$1.65 Billion	6.18%	0.38x	$701.64 Million
Chutian Dragon Co Ltd (003040)	$1.37 Billion	4.56%	0.48x	$998.01 Million
Jiangsu Huasheng Tianlong Photo (300029)	$1.14 Billion	5.99%	0.16x	$81.27 Million
Nations Technologies Inc (300077)	$1.09 Billion	9.56%	0.85x	$1.97 Billion

About China Resources Microelectronics Ltd

SHG:688396 China Semiconductors

Market Cap

$11.00 Billion

CN¥75.20 Billion CNY

Market Cap Rank

#2089 Global

#239 in China

Share Price

CN¥56.65

Change (1 day)

+1.96%

52-Week Range

CN¥43.80 - CN¥68.20

All Time High

CN¥99.33