Smarter Microelectronics (Guangzhou) Co. Ltd. A (688512) - Net Assets
Based on the latest financial reports, Smarter Microelectronics (Guangzhou) Co. Ltd. A (688512) has net assets worth CN¥1.77 Billion CNY (≈ $259.39 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.23 Billion ≈ $325.65 Million USD) and total liabilities (CN¥452.77 Million ≈ $66.25 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 Smarter Microelectronics (Guangzhou) Co. asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.77 Billion |
| % of Total Assets | 79.65% |
| Annual Growth Rate | 4.99% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 30.86 |
Smarter Microelectronics (Guangzhou) Co. Ltd. A - Net Assets Trend (2021–2024)
This chart illustrates how Smarter Microelectronics (Guangzhou) Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore 688512 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Smarter Microelectronics (Guangzhou) Co. Ltd. A (2021–2024)
The table below shows the annual net assets of Smarter Microelectronics (Guangzhou) Co. Ltd. A from 2021 to 2024. For live valuation and market cap data, see Smarter Microelectronics (Guangzhou) Co. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.81 Billion ≈ $264.32 Million |
-16.83% |
| 2023-12-31 | CN¥2.17 Billion ≈ $317.79 Million |
+52.35% |
| 2022-12-31 | CN¥1.43 Billion ≈ $208.60 Million |
-8.66% |
| 2021-12-31 | CN¥1.56 Billion ≈ $228.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Smarter Microelectronics (Guangzhou) 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 decreased by 115183583236.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥3.21 Billion | 177.47% |
| Total Equity | CN¥1.81 Billion | 100.00% |
Smarter Microelectronics (Guangzhou) Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Smarter Microelectronics (Guangzhou) Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Aprogen KIC Inc
KO:007460
|
$866.49 Million |
|
Synsam AB
ST:SYNSAM
|
$866.56 Million |
|
Five Star Bancorp
NASDAQ:FSBC
|
$866.59 Million |
|
San Bian Science & Technology Co Ltd
SHE:002112
|
$866.84 Million |
|
Viridien
PA:VIRI
|
$865.93 Million |
|
Isgec Heavy Engineering Limited
NSE:ISGEC
|
$865.93 Million |
|
Suzhou Etron Technologies Co Ltd
SHG:603380
|
$865.85 Million |
|
Sats ASA
OL:SATS
|
$865.75 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Smarter Microelectronics (Guangzhou) Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,171,731,711 to 1,806,309,191, a change of -365,422,521 (-16.8%).
- Net loss of 438,416,953 reduced equity.
- Dividend payments of 1,483,487 reduced retained earnings.
- Other factors increased equity by 74,477,920.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-438.42 Million | -24.27% |
| Dividends Paid | CN¥1.48 Million | -0.08% |
| Other Changes | CN¥74.48 Million | +4.12% |
| Total Change | CN¥- | -16.83% |
Book Value vs Market Value Analysis
This analysis compares Smarter Microelectronics (Guangzhou) 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: 3.23x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CN¥3.92 | CN¥12.68 | x |
| 2022-12-31 | CN¥3.58 | CN¥12.68 | x |
| 2023-12-31 | CN¥4.77 | CN¥12.68 | x |
| 2024-12-31 | CN¥3.92 | CN¥12.68 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Smarter Microelectronics (Guangzhou) 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): -24.27%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -83.67%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.22x
- Recent ROE (-24.27%) is below the historical average (-21.21%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | -20.38% | -61.90% | 0.30x | 1.11x | CN¥-474.21 Million |
| 2022 | -21.39% | -85.49% | 0.22x | 1.12x | CN¥-447.47 Million |
| 2023 | -18.81% | -74.00% | 0.23x | 1.10x | CN¥-625.68 Million |
| 2024 | -24.27% | -83.67% | 0.24x | 1.22x | CN¥-619.05 Million |
Industry Comparison
This section compares Smarter Microelectronics (Guangzhou) Co. Ltd. A'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 |
|---|---|---|---|---|
| Smarter Microelectronics (Guangzhou) Co. Ltd. A (688512) | CN¥1.77 Billion | -20.38% | 0.26x | $866.22 Million |
| 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 Smarter Microelectronics (Guangzhou) Co. Ltd. A
Smarter Microelectronics (Guangzhou) Co., Ltd., a chip design company, researches and develops, designs, and sells radio frequency (RF) front-end chips and modules in China. It offers highly integrated RF front-end transceiver module chip integrated with low noise amplifiers, power amplifiers (PA), filters, and RF switches; 2G/3G/4G TX products; integrated passive device filters (IPDFilters); and… Read more