Sansec Technology Co. Ltd. A (688489) - Net Assets
Based on the latest financial reports, Sansec Technology Co. Ltd. A (688489) has net assets worth CN¥1.88 Billion CNY (≈ $274.39 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¥2.05 Billion ≈ $300.49 Million USD) and total liabilities (CN¥178.36 Million ≈ $26.10 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 Sansec Technology Co. Ltd. A total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.88 Billion |
| % of Total Assets | 91.31% |
| Annual Growth Rate | 44.46% |
| 5-Year Change | 390.45% |
| 10-Year Change | N/A |
| Growth Volatility | 152.2 |
Sansec Technology Co. Ltd. A - Net Assets Trend (2020–2025)
This chart illustrates how Sansec Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Check Sansec Technology Co. Ltd. A (688489) tangible equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Sansec Technology Co. Ltd. A (2020–2025)
The table below shows the annual net assets of Sansec Technology Co. Ltd. A from 2020 to 2025. For live valuation and market cap data, see Sansec Technology Co. Ltd. A stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.90 Billion ≈ $277.69 Million |
-0.53% |
| 2024-12-31 | CN¥1.91 Billion ≈ $279.18 Million |
-0.63% |
| 2023-12-31 | CN¥1.92 Billion ≈ $280.95 Million |
+1.94% |
| 2022-12-31 | CN¥1.88 Billion ≈ $275.61 Million |
+386.79% |
| 2021-12-31 | CN¥386.92 Million ≈ $56.62 Million |
+28.23% |
| 2020-12-31 | CN¥301.73 Million ≈ $44.15 Million |
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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 371.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥200.53 Million | 10.93% |
| Other Components | CN¥1.63 Billion | 89.07% |
| Total Equity | CN¥1.83 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 |
|---|---|
|
Blade Air Mobility Inc
NASDAQ:BLDE
|
$386.42 Million |
|
ATN International Inc
NASDAQ:ATNI
|
$386.52 Million |
|
Hubei Shuanghuan Science and Technology Stock Co Ltd
SHE:000707
|
$386.74 Million |
|
Guangdong Zhengye Technology Co Ltd
SHE:300410
|
$386.79 Million |
|
Citi Trends Inc
NASDAQ:CTRN
|
$386.36 Million |
|
American Integrity Insurance Group, Inc.
NYSE:AII
|
$386.34 Million |
|
Kolon Plastics
KO:138490
|
$386.28 Million |
|
Simei Media Co Ltd
SHE:002712
|
$386.28 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 2024 to 2025, total equity changed from 1,851,273,879 to 1,834,654,061, a change of -16,619,818 (-0.9%).
- Net loss of 43,646,658 reduced equity.
- Dividend payments of 12,718,625 reduced retained earnings.
- Other factors increased equity by 39,745,466.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-43.65 Million | -2.38% |
| Dividends Paid | CN¥12.72 Million | -0.69% |
| Other Changes | CN¥39.75 Million | +2.17% |
| Total Change | CN¥- | -0.90% |
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: 1.44x
- 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 6.46x to 1.44x 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¥22.92 | x |
| 2021-12-31 | CN¥4.55 | CN¥22.92 | x |
| 2022-12-31 | CN¥16.62 | CN¥22.92 | x |
| 2023-12-31 | CN¥16.71 | CN¥22.92 | x |
| 2024-12-31 | CN¥16.13 | CN¥22.92 | x |
| 2025-12-31 | CN¥15.92 | CN¥22.92 | 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): -2.38%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -7.88%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.17x
- Recent ROE (-2.38%) is below the historical average (7.63%), 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 |
| 2025 | -2.38% | -7.88% | 0.26x | 1.17x | CN¥-227.11 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: $4,901,225,208
- Average return on equity (ROE) among peers: 8.40%
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 | $386.40 Million |
| Digital China Information Service Co Ltd (000555) | $2.96 Billion | 9.44% | 1.16x | $1.57 Billion |
| Fujian Newland Computer Co Ltd (000997) | $4.96 Billion | 13.20% | 0.73x | $2.80 Billion |
| YGSOFT Inc (002063) | $1.61 Billion | 11.82% | 0.19x | $1.61 Billion |
| Dhc Software Co Ltd (002065) | $2.27 Billion | 18.56% | 0.48x | $3.56 Billion |
| Zhejiang Netsun Co Ltd (002095) | $406.02 Million | 10.10% | 0.17x | $534.37 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $2.29 Billion | 3.31% | 0.92x | $1.01 Billion |
| Beijing Shiji Information Technology Co Ltd (002153) | $8.18 Billion | -9.53% | 0.17x | $3.41 Billion |
| Shanghai 2345 Network Holding Group (002195) | $7.79 Billion | 12.17% | 0.18x | $5.83 Billion |
| Iflytek Co Ltd (002230) | $17.34 Billion | 8.98% | 0.81x | $15.29 Billion |
| Qiming Information Technology Co Ltd (002232) | $1.21 Billion | 5.96% | 0.63x | $884.20 Million |
About 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 PCI-E HSM, a cryptographic hardware device that enables data confidentiality, integrity, and other cryptographic functions through digital signature and data encryption; Cloud HSM that provides multiple… Read more