Shenzhen Newway Photomask Making Co. Ltd. A (688401) - Net Assets
Based on the latest financial reports, Shenzhen Newway Photomask Making Co. Ltd. A (688401) has net assets worth CN¥1.73 Billion CNY (≈ $253.35 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¥3.18 Billion ≈ $464.63 Million USD) and total liabilities (CN¥1.44 Billion ≈ $211.28 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 how large is Shenzhen Newway Photomask Making Co. Ltd's balance sheet for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.73 Billion |
| % of Total Assets | 54.53% |
| Annual Growth Rate | 30.21% |
| 5-Year Change | 218.28% |
| 10-Year Change | N/A |
| Growth Volatility | 63.7 |
Shenzhen Newway Photomask Making Co. Ltd. A - Net Assets Trend (2020–2025)
This chart illustrates how Shenzhen Newway Photomask Making Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Check 688401 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Shenzhen Newway Photomask Making Co. Ltd. A (2020–2025)
The table below shows the annual net assets of Shenzhen Newway Photomask Making Co. Ltd. A from 2020 to 2025. For live valuation and market cap data, see Shenzhen Newway Photomask Making Co. Ltd (688401) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.66 Billion ≈ $243.28 Million |
+19.37% |
| 2024-12-31 | CN¥1.39 Billion ≈ $203.81 Million |
-7.80% |
| 2023-12-31 | CN¥1.51 Billion ≈ $221.04 Million |
+8.39% |
| 2022-12-31 | CN¥1.39 Billion ≈ $203.94 Million |
+166.81% |
| 2021-12-31 | CN¥522.34 Million ≈ $76.43 Million |
+17.57% |
| 2020-12-31 | CN¥444.26 Million ≈ $65.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Newway Photomask Making 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 1285.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥655.48 Million | 39.45% |
| Other Components | CN¥1.01 Billion | 60.55% |
| Total Equity | CN¥1.66 Billion | 100.00% |
Shenzhen Newway Photomask Making Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Shenzhen Newway Photomask Making Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PC Connection Inc
NASDAQ:CNXN
|
$1.68 Billion |
|
Fila Holdings Corp
KO:081660
|
$1.68 Billion |
|
Dongfeng Automobile Co Ltd
SHG:600006
|
$1.68 Billion |
|
Dime Community Bancshares, Inc.
NYSE:DCOM
|
$1.68 Billion |
|
Citic Offshore Helicopter Co Ltd
SHE:000099
|
$1.68 Billion |
|
RAPT Therapeutics Inc
NASDAQ:RAPT
|
$1.68 Billion |
|
Lindblad Expeditions Holdings Inc
NASDAQ:LIND
|
$1.68 Billion |
|
Okeanis Eco Tankers Corp.
NYSE:ECO
|
$1.68 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Newway Photomask Making Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,391,895,737 to 1,661,683,462, a change of 269,787,725 (19.4%).
- Net income of 251,984,299 contributed positively to equity growth.
- Dividend payments of 69,955,366 reduced retained earnings.
- Other factors increased equity by 87,758,792.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥251.98 Million | +15.16% |
| Dividends Paid | CN¥69.96 Million | -4.21% |
| Other Changes | CN¥87.76 Million | +5.28% |
| Total Change | CN¥- | 19.38% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Newway Photomask Making 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: 6.91x
- 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 21.01x to 6.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CN¥2.83 | CN¥59.42 | x |
| 2021-12-31 | CN¥3.19 | CN¥59.42 | x |
| 2022-12-31 | CN¥6.95 | CN¥59.42 | x |
| 2023-12-31 | CN¥7.56 | CN¥59.42 | x |
| 2024-12-31 | CN¥7.20 | CN¥59.42 | x |
| 2025-12-31 | CN¥8.59 | CN¥59.42 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Newway Photomask Making 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): 15.16%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.81%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.88x
- Recent ROE (15.16%) is above the historical average (11.20%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 7.91% | 8.08% | 0.31x | 3.18x | CN¥-8.55 Million |
| 2021 | 11.30% | 10.60% | 0.38x | 2.83x | CN¥6.01 Million |
| 2022 | 8.92% | 18.72% | 0.33x | 1.44x | CN¥-14.55 Million |
| 2023 | 10.18% | 22.13% | 0.29x | 1.59x | CN¥2.63 Million |
| 2024 | 13.71% | 21.80% | 0.39x | 1.61x | CN¥51.67 Million |
| 2025 | 15.16% | 21.81% | 0.37x | 1.88x | CN¥85.82 Million |
Industry Comparison
This section compares Shenzhen Newway Photomask Making Co. Ltd. A's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $4,123,771,453
- Average return on equity (ROE) among peers: 8.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Newway Photomask Making Co. Ltd. A (688401) | CN¥1.73 Billion | 7.91% | 0.83x | $1.68 Billion |
| TCL Corp (000100) | $8.43 Billion | 5.58% | 2.59x | $14.31 Billion |
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | $324.60 Million | 17.43% | 0.64x | $5.36 Billion |
| TongFu Microelectronics Co Ltd (002156) | $11.02 Billion | 8.68% | 1.46x | $11.40 Billion |
| Tianshui Huatian Technology Co Ltd (002185) | $11.63 Billion | 6.04% | 0.66x | $7.18 Billion |
| NAURA Technology Group Co Ltd (002371) | $2.34 Billion | 2.71% | 1.24x | $68.02 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $1.52 Billion | 4.46% | 0.21x | $8.42 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $352.03 Million | 7.46% | 0.51x | $397.05 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $288.75 Million | 23.02% | 0.45x | $482.15 Million |
| Hubei Tech Semiconductors Co (300046) | $1.11 Billion | 2.81% | 0.10x | $797.81 Million |
| Shanghai Sinyang Semiconductor (300236) | $4.23 Billion | 3.95% | 0.32x | $3.67 Billion |
About Shenzhen Newway Photomask Making Co. Ltd. A
Shenzhen Newway Photomask Making Co., Ltd, a lithography company, engages in the design, development, and production of mask products in China. The company offers large, small, and medium sized masks for applications in the fields of mask plates for TP touch screens; LCD, AMOLED, LTPS, LTPO, mini LED, micro-LED, silicon-based OLED, and F-gamma masks, etc; and semiconductor masks. The company was … Read more