Wave Cyber Shanghai Co Ltd (688718) - Net Assets
Based on the latest financial reports, Wave Cyber Shanghai Co Ltd (688718) has net assets worth CN¥778.33 Million CNY (≈ $113.89 Million 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¥920.04 Million ≈ $134.63 Million USD) and total liabilities (CN¥141.72 Million ≈ $20.74 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. See Wave Cyber Shanghai Co Ltd net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥778.33 Million |
| % of Total Assets | 84.6% |
| Annual Growth Rate | 14.12% |
| 5-Year Change | 79.06% |
| 10-Year Change | N/A |
| Growth Volatility | 18.9 |
Wave Cyber Shanghai Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Wave Cyber Shanghai Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Wave Cyber Shanghai Co Ltd.
Annual Net Assets for Wave Cyber Shanghai Co Ltd (2017–2024)
The table below shows the annual net assets of Wave Cyber Shanghai Co Ltd from 2017 to 2024. Also explore 688718 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥772.53 Million ≈ $113.04 Million |
+0.89% |
| 2023-12-31 | CN¥765.68 Million ≈ $112.04 Million |
+6.76% |
| 2022-12-31 | CN¥717.20 Million ≈ $104.95 Million |
+4.80% |
| 2021-12-31 | CN¥684.33 Million ≈ $100.14 Million |
+58.62% |
| 2020-12-31 | CN¥431.42 Million ≈ $63.13 Million |
+0.64% |
| 2019-12-31 | CN¥428.67 Million ≈ $62.73 Million |
+18.13% |
| 2018-12-31 | CN¥362.89 Million ≈ $53.10 Million |
+18.43% |
| 2017-12-31 | CN¥306.42 Million ≈ $44.84 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wave Cyber Shanghai Co 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 351.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥317.35 Million | 41.10% |
| Common Stock | CN¥173.75 Million | 22.50% |
| Other Comprehensive Income | CN¥44.62 Million | 5.78% |
| Other Components | CN¥236.38 Million | 30.62% |
| Total Equity | CN¥772.11 Million | 100.00% |
Wave Cyber Shanghai Co Ltd Competitors by Market Cap
The table below lists competitors of Wave Cyber Shanghai Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Transcontinental Realty Investors
NYSE:TCI
|
$337.71 Million |
|
Viva Biotech Holdings
F:VB0
|
$337.78 Million |
|
Cre8 Direct Ningbo Co Ltd
SHE:300703
|
$337.88 Million |
|
Anhui Shiny Electronic Technology Company Limited
SHE:300956
|
$337.94 Million |
|
Circio Holding ASA
OL:CRNA
|
$337.48 Million |
|
YC Inox Co Ltd
TW:2034
|
$337.32 Million |
|
Flat Capital AB Series B
ST:FLAT-B
|
$337.09 Million |
|
Hangzhou Coco Healthcare Products Co.Ltd.
SHE:301009
|
$336.95 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wave Cyber Shanghai Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 763,488,106 to 772,108,319, a change of 8,620,213 (1.1%).
- Net income of 38,588,062 contributed positively to equity growth.
- Dividend payments of 19,902,115 reduced retained earnings.
- Share repurchases of 10,288,194 reduced equity.
- Other comprehensive income increased equity by 7,467,572.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥38.59 Million | +5.0% |
| Dividends Paid | CN¥19.90 Million | -2.58% |
| Share Repurchases | CN¥10.29 Million | -1.33% |
| Other Comprehensive Income | CN¥7.47 Million | +0.97% |
| Other Changes | CN¥-7.25 Million | -0.94% |
| Total Change | CN¥- | 1.13% |
Book Value vs Market Value Analysis
This analysis compares Wave Cyber Shanghai Co 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: 3.02x
- 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 5.71x to 3.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.33 | CN¥13.28 | x |
| 2018-12-31 | CN¥2.80 | CN¥13.28 | x |
| 2019-12-31 | CN¥2.47 | CN¥13.28 | x |
| 2020-12-31 | CN¥2.48 | CN¥13.28 | x |
| 2021-12-31 | CN¥3.94 | CN¥13.28 | x |
| 2022-12-31 | CN¥4.13 | CN¥13.28 | x |
| 2023-12-31 | CN¥4.39 | CN¥13.28 | x |
| 2024-12-31 | CN¥4.40 | CN¥13.28 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wave Cyber Shanghai Co 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): 5.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.28%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.18x
- Recent ROE (5.00%) is below the historical average (9.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 15.47% | 15.82% | 0.81x | 1.21x | CN¥16.78 Million |
| 2018 | 14.99% | 16.59% | 0.77x | 1.17x | CN¥18.12 Million |
| 2019 | 15.47% | 18.39% | 0.66x | 1.27x | CN¥23.44 Million |
| 2020 | 10.84% | 14.91% | 0.56x | 1.31x | CN¥3.62 Million |
| 2021 | 7.38% | 13.31% | 0.49x | 1.14x | CN¥-17.95 Million |
| 2022 | 4.38% | 10.19% | 0.36x | 1.18x | CN¥-40.34 Million |
| 2023 | 6.02% | 11.96% | 0.44x | 1.14x | CN¥-30.41 Million |
| 2024 | 5.00% | 10.28% | 0.41x | 1.18x | CN¥-38.62 Million |
Industry Comparison
This section compares Wave Cyber Shanghai Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $3,885,238,896
- Average return on equity (ROE) among peers: 8.38%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wave Cyber Shanghai Co Ltd (688718) | CN¥778.33 Million | 15.47% | 0.18x | $337.65 Million |
| China Tianying Inc (000035) | $-1.22 Billion | 0.00% | 0.00x | $1.69 Billion |
| BECE Legend Group Co Ltd (000803) | $131.44 Million | 1.88% | 0.75x | $494.69 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $6.28 Billion | 14.81% | 1.52x | $385.86 Million |
| City Development Environment Co Ltd (000885) | $5.26 Billion | 11.74% | 1.53x | $1.10 Billion |
| Wangneng Environment Co Ltd (002034) | $446.65 Million | 6.86% | 0.89x | $1.05 Billion |
| Beijing Orient Landscape Co Ltd (002310) | $11.37 Billion | 19.15% | 2.09x | $2.01 Billion |
| GEM Co Ltd (002340) | $11.07 Billion | 6.64% | 1.42x | $4.65 Billion |
| Dongjiang Environmental Co Ltd (002672) | $2.84 Billion | 8.86% | 0.76x | $474.16 Million |
| Qiaoyin Environmental Tech Co Ltd (002973) | $878.22 Million | 11.69% | 1.27x | $748.11 Million |
| Tongxing Environmental Protection (003027) | $1.80 Billion | 2.17% | 0.37x | $302.24 Million |
About Wave Cyber Shanghai Co Ltd
Wave Cyber (Shanghai) Co., Ltd. designs, produces, and sells water treatment components. The company offers composite pressure tanks, membrane pressure vessels, reverse osmosis and nanofiltration membrane sheets and elements, brine tanks and cabinets, etc. Its products are used in material concentration and separation, as well as water treatment and municipal applications. The company was founded… Read more