Sansec Technology Co. Ltd. A
Sansec Technology Co., Ltd. engages in the research, development, and production of commercial cryptographic products and solutions for internet information security in China. The company develops PCIe, a cryptographic hardware device that enables data confidentiality, integrity, and other cryptographic functions through digital signature and data encryption; Cloud HSM that provides multiple auth… Read more
Sansec Technology Co. Ltd. A (688489) - Net Assets
Latest net assets as of June 2025: CN¥1.88 Billion CNY
Based on the latest financial reports, Sansec Technology Co. Ltd. A (688489) has net assets worth CN¥1.88 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.06 Billion) and total liabilities (CN¥178.89 Million). 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¥1.88 Billion |
| % of Total Assets | 91.31% |
| Annual Growth Rate | 58.57% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 163.61 |
Sansec Technology Co. Ltd. A - Net Assets Trend (2020–2024)
This chart illustrates how Sansec Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Sansec Technology Co. Ltd. A (2020–2024)
The table below shows the annual net assets of Sansec Technology Co. Ltd. A from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.91 Billion | -0.63% |
| 2023-12-31 | CN¥1.92 Billion | +1.94% |
| 2022-12-31 | CN¥1.88 Billion | +386.79% |
| 2021-12-31 | CN¥386.92 Million | +28.23% |
| 2020-12-31 | CN¥301.73 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sansec Technology 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 503.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥256.87 Million | 13.88% |
| Other Components | CN¥1.59 Billion | 86.12% |
| Total Equity | CN¥1.85 Billion | 100.00% |
Sansec Technology Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Sansec Technology Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
WCON Electronics (Guangdong) Co. Ltd. A
SHE:301328
|
$208.28 Million |
|
Elitegroup Computer Systems Co Ltd
TW:2331
|
$208.43 Million |
|
Shanghai W Ibeda High Tech Group Co Ltd
SHG:688071
|
$208.43 Million |
|
Qingdao Choho Industrial Co Ltd
SHE:003033
|
$208.44 Million |
|
Beijing Bashi Media Co Ltd
SHG:600386
|
$208.22 Million |
|
Zhejiang Sf Oilless Bearing Co Ltd
SHE:300817
|
$208.19 Million |
|
Chongqing QinAn M&E PLC
SHG:603758
|
$208.14 Million |
|
Doright Co.Ltd.
SHE:300950
|
$208.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sansec Technology Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,903,052,559 to 1,851,273,879, a change of -51,778,680 (-2.7%).
- Net income of 42,119,864 contributed positively to equity growth.
- Dividend payments of 27,788,540 reduced retained earnings.
- Other factors decreased equity by 66,110,004.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥42.12 Million | +2.28% |
| Dividends Paid | CN¥27.79 Million | -1.5% |
| Other Changes | CN¥-66.11 Million | -3.57% |
| Total Change | CN¥- | -2.72% |
Book Value vs Market Value Analysis
This analysis compares Sansec Technology 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: 2.57x
- 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 11.70x to 2.57x 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¥3.55 | CN¥41.53 | x |
| 2021-12-31 | CN¥4.55 | CN¥41.53 | x |
| 2022-12-31 | CN¥16.62 | CN¥41.53 | x |
| 2023-12-31 | CN¥16.71 | CN¥41.53 | x |
| 2024-12-31 | CN¥16.13 | CN¥41.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sansec Technology 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): 2.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.90%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 1.18x
- Recent ROE (2.28%) is below the historical average (9.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 17.34% | 25.83% | 0.55x | 1.23x | CN¥22.13 Million |
| 2021 | 19.31% | 27.63% | 0.58x | 1.21x | CN¥36.00 Million |
| 2022 | 5.69% | 31.56% | 0.17x | 1.05x | CN¥-81.12 Million |
| 2023 | 3.54% | 18.76% | 0.17x | 1.09x | CN¥-123.03 Million |
| 2024 | 2.28% | 8.90% | 0.22x | 1.18x | CN¥-143.01 Million |
Industry Comparison
This section compares Sansec Technology Co. Ltd. A's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $4,485,658,760
- Average return on equity (ROE) among peers: 6.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sansec Technology Co. Ltd. A (688489) | CN¥1.88 Billion | 17.34% | 0.10x | $208.23 Million |
| Fujian Newland Computer Co Ltd (000997) | $6.71 Billion | 14.96% | 0.97x | $2.08 Billion |
| YGSOFT Inc (002063) | $1.61 Billion | 11.82% | 0.19x | $1.28 Billion |
| Dhc Software Co Ltd (002065) | $8.91 Billion | 10.10% | 0.40x | $2.42 Billion |
| Zhejiang Netsun Co Ltd (002095) | $1.13 Billion | -2.03% | 0.34x | $324.18 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $4.86 Billion | 2.03% | 0.51x | $966.68 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $7.96 Billion | -2.50% | 0.19x | $1.02 Billion |
| Shanghai 2345 Network Holding Group (002195) | $4.45 Billion | 9.38% | 0.08x | $6.66 Billion |
| Iflytek Co Ltd (002230) | $7.22 Billion | 6.71% | 0.44x | $12.39 Billion |
| Wisesoft Co Ltd (002253) | $1.32 Billion | 2.54% | 0.22x | $273.99 Million |
| Beijing Join-Cheer Software Co Ltd (002279) | $709.85 Million | 8.37% | 0.07x | $736.60 Million |