Shenzhen MeiG Smart Technology Co Ltd (002881) - Total Assets
Based on the latest financial reports, Shenzhen MeiG Smart Technology Co Ltd (002881) holds total assets worth CN¥2.85 Billion CNY (≈ $417.14 Million USD) as of September 2025. Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments. Check 002881 cash reinvestment to operating cash ratio to assess the company's total reinvestment commitment from operating cash flow.
Shenzhen MeiG Smart Technology Co Ltd - Total Assets Trend (2013–2024)
This chart illustrates how Shenzhen MeiG Smart Technology Co Ltd's total assets have evolved over time, based on quarterly financial data. Check Shenzhen MeiG Smart Technology Co Ltd cash flow quality index to evaluate the quality of earnings relative to operating cash generation.
Shenzhen MeiG Smart Technology Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Shenzhen MeiG Smart Technology Co Ltd's total assets of CN¥2.85 Billion consist of 82.6% current assets and 17.4% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 12.7% |
| Accounts Receivable | CN¥1.03 Billion | 37.4% |
| Inventory | CN¥650.55 Million | 23.6% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥116.78 Million | 4.2% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2013–2024)
This chart illustrates how Shenzhen MeiG Smart Technology Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution. For live market cap, price, and company overview, see market value of Shenzhen MeiG Smart Technology Co Ltd.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Shenzhen MeiG Smart Technology Co Ltd's current assets represent 82.6% of total assets in 2024, an increase from 40.3% in 2013.
- Cash Position: Cash and equivalents constituted 12.7% of total assets in 2024, up from 1.8% in 2013.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 4.0% of total assets, a decrease from 35.0% in 2013.
- Asset Diversification: The largest asset category is accounts receivable at 37.4% of total assets.
Shenzhen MeiG Smart Technology Co Ltd Competitors by Total Assets
Key competitors of Shenzhen MeiG Smart Technology Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Shandong Zhongji Electrical Equipment Co Ltd
SHE:300308
|
China | CN¥56.58 Billion |
|
TianJin 712 Communication & Broadcasting Co Ltd
SHG:603712
|
China | CN¥9.23 Billion |
|
Jushri Technologies Inc Class A
SHE:300762
|
China | CN¥3.96 Billion |
|
Fujian Star Net Communic Ltd
SHE:002396
|
China | CN¥16.89 Billion |
|
Wuhan Fingu Electronic Technology Co Ltd
SHE:002194
|
China | CN¥2.90 Billion |
|
Evertz Technologies Limited
TO:ET
|
Canada | CA$417.04 Million |
|
KMW Inc.
KQ:032500
|
Korea | ₩250.76 Billion |
|
AVIT Ltd
SHE:300264
|
China | CN¥208.96 Million |
Shenzhen MeiG Smart Technology Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 2.08 | 2.38 | 2.06 |
| Quick Ratio | 1.37 | 1.78 | 1.51 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥1.23 Billion | CN¥1.08 Billion | CN¥417.87 Million |
Shenzhen MeiG Smart Technology Co Ltd - Advanced Valuation Insights
This section examines the relationship between Shenzhen MeiG Smart Technology Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 7.47 |
| Latest Market Cap to Assets Ratio | 0.49 |
| Asset Growth Rate (YoY) | 28.7% |
| Total Assets | CN¥2.76 Billion |
| Market Capitalization | $1.37 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Shenzhen MeiG Smart Technology Co Ltd's assets below their book value (0.49x), which may indicate investor concerns about asset quality or future growth.
Rapid Asset Growth: Shenzhen MeiG Smart Technology Co Ltd's assets grew by 28.7% over the past year, indicating significant expansion of the company's resource base.
Annual Total Assets for Shenzhen MeiG Smart Technology Co Ltd (2013–2024)
The table below shows the annual total assets of Shenzhen MeiG Smart Technology Co Ltd from 2013 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.76 Billion ≈ $403.81 Million |
+28.67% |
| 2023-12-31 | CN¥2.14 Billion ≈ $313.84 Million |
+24.21% |
| 2022-12-31 | CN¥1.73 Billion ≈ $252.67 Million |
+14.91% |
| 2021-12-31 | CN¥1.50 Billion ≈ $219.88 Million |
+53.55% |
| 2020-12-31 | CN¥978.56 Million ≈ $143.19 Million |
+24.72% |
| 2019-12-31 | CN¥784.64 Million ≈ $114.82 Million |
-12.59% |
| 2018-12-31 | CN¥897.69 Million ≈ $131.36 Million |
+10.11% |
| 2017-12-31 | CN¥815.28 Million ≈ $119.30 Million |
+72.34% |
| 2016-12-31 | CN¥473.08 Million ≈ $69.23 Million |
+9.16% |
| 2015-12-31 | CN¥433.40 Million ≈ $63.42 Million |
+38.89% |
| 2014-12-31 | CN¥312.03 Million ≈ $45.66 Million |
-8.72% |
| 2013-12-31 | CN¥341.84 Million ≈ $50.02 Million |
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About Shenzhen MeiG Smart Technology Co Ltd
MeiG Smart Technology Co., Ltd. engages in the research and development, production, and sale of wireless communication modules and Internet of Things solutions in China and internationally. Its products include 5G smart, 5G and 4G LTE, AI computing, automotive, smart, LPWA, and GNSS modules; and wireless data solutions for use in smart positioning and tracking, payment methods for retailers, bli… Read more