Harbin Electric (HP6H) - Net Assets
Based on the latest financial reports, Harbin Electric (HP6H) has net assets worth €16.82 Billion EUR (≈ $19.67 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€80.41 Billion ≈ $94.01 Billion USD) and total liabilities (€63.59 Billion ≈ $74.34 Billion 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 Harbin Electric tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €16.82 Billion |
| % of Total Assets | 20.92% |
| Annual Growth Rate | 1.14% |
| 5-Year Change | -0.06% |
| 10-Year Change | 16.33% |
| Growth Volatility | 10.32 |
Harbin Electric - Net Assets Trend (2013–2024)
This chart illustrates how Harbin Electric's net assets have evolved over time, based on quarterly financial data. See Harbin Electric liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Harbin Electric (2013–2024)
The table below shows the annual net assets of Harbin Electric from 2013 to 2024. For live valuation and market cap data, see HP6H market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | €16.19 Billion ≈ $18.93 Billion |
+10.98% |
| 2023-12-31 | €14.59 Billion ≈ $17.05 Billion |
+17.89% |
| 2022-12-31 | €12.37 Billion ≈ $14.47 Billion |
+1.47% |
| 2021-12-31 | €12.19 Billion ≈ $14.26 Billion |
-24.72% |
| 2020-12-31 | €16.20 Billion ≈ $18.94 Billion |
+2.17% |
| 2019-12-31 | €15.86 Billion ≈ $18.54 Billion |
-2.78% |
| 2018-12-31 | €16.31 Billion ≈ $19.07 Billion |
+1.03% |
| 2017-12-31 | €16.14 Billion ≈ $18.87 Billion |
+10.24% |
| 2016-12-31 | €14.64 Billion ≈ $17.12 Billion |
+5.21% |
| 2015-12-31 | €13.92 Billion ≈ $16.27 Billion |
-0.63% |
| 2014-12-31 | €14.01 Billion ≈ $16.37 Billion |
-2.02% |
| 2013-12-31 | €14.29 Billion ≈ $16.71 Billion |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Harbin Electric'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 17.7% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €6.82 Billion | 44.07% |
| Other Components | €8.66 Billion | 55.93% |
| Total Equity | €15.48 Billion | 100.00% |
Harbin Electric Competitors by Market Cap
The table below lists competitors of Harbin Electric ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Northking Information Technology Co
SHE:002987
|
$1.42 Billion |
|
Eramet SA
PA:ERA
|
$1.42 Billion |
|
Orange Belgium SA
BR:OBEL
|
$1.42 Billion |
|
CMST Development Co Ltd
SHG:600787
|
$1.42 Billion |
|
Shanghai STEP Electric Corp
SHE:002527
|
$1.42 Billion |
|
Adaptive Plasma Technology Corp
KQ:089970
|
$1.42 Billion |
|
Orizon Valorização de Resíduos S.A
SA:ORVR3
|
$1.42 Billion |
|
Rolls-Royce Holdings PLC
LSE:RR
|
$1.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harbin Electric's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 13,864,702,149 to 15,482,762,134, a change of 1,618,059,985 (11.7%).
- Net income of 1,685,571,289 contributed positively to equity growth.
- Dividend payments of 276,340,704 reduced retained earnings.
- Other factors increased equity by 208,829,399.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €1.69 Billion | +10.89% |
| Dividends Paid | €276.34 Million | -1.78% |
| Other Changes | €208.83 Million | +1.35% |
| Total Change | €- | 11.67% |
Book Value vs Market Value Analysis
This analysis compares Harbin Electric'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: 0.26x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | €8.71 | €1.80 | x |
| 2018-12-31 | €8.81 | €1.80 | x |
| 2019-12-31 | €9.13 | €1.80 | x |
| 2020-12-31 | €9.19 | €1.80 | x |
| 2021-12-31 | €6.78 | €1.80 | x |
| 2022-12-31 | €6.87 | €1.80 | x |
| 2023-12-31 | €6.20 | €1.80 | x |
| 2024-12-31 | €6.92 | €1.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harbin Electric 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): 10.89%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.40%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 4.65x
- Recent ROE (10.89%) is above the historical average (-0.23%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 5.63% | 3.44% | 0.34x | 4.82x | €-546.90 Million |
| 2014 | 4.47% | 2.36% | 0.39x | 4.90x | €-701.18 Million |
| 2015 | 1.54% | 0.78% | 0.39x | 5.05x | €-1.07 Billion |
| 2016 | 3.08% | 1.34% | 0.47x | 4.90x | €-930.03 Million |
| 2017 | 1.31% | 0.62% | 0.49x | 4.36x | €-1.29 Billion |
| 2018 | 0.47% | 0.28% | 0.46x | 3.76x | €-1.43 Billion |
| 2019 | 0.68% | 0.47% | 0.41x | 3.54x | €-1.45 Billion |
| 2020 | -0.05% | -0.03% | 0.41x | 3.70x | €-1.58 Billion |
| 2021 | -35.81% | -19.52% | 0.35x | 5.24x | €-5.30 Billion |
| 2022 | 0.84% | 0.40% | 0.39x | 5.40x | €-1.07 Billion |
| 2023 | 4.15% | 1.99% | 0.40x | 5.14x | €-811.71 Million |
| 2024 | 10.89% | 4.40% | 0.53x | 4.65x | €137.30 Million |
Industry Comparison
This section compares Harbin Electric's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $7,847,905,349
- Average return on equity (ROE) among peers: 9.72%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harbin Electric (HP6H) | €16.82 Billion | 5.63% | 3.78x | $1.42 Billion |
| DB ENERGY S.A. ZY -10 (0CJ) | $25.54 Million | -27.39% | 1.77x | $6.87 Million |
| MORIMATSU INT.H.C. (HK) (1S5) | $2.01 Billion | 19.02% | 1.84x | $983.88 Million |
| 2G Energy AG (2GB) | $24.57 Million | 26.33% | 1.01x | $670.96 Million |
| Eaton Corporation PLC (3EC) | $14.97 Billion | 9.42% | 1.13x | $131.40 Billion |
| M+S HIDRAVLIK AD BW 1 (8Q3) | $130.35 Million | 27.36% | 0.27x | $197.17 Million |
| MERUS POWER OYJ EO 1 (99H) | $10.40 Million | -10.72% | 1.77x | $35.09 Million |
| Aumann AG (AAG) | $203.16 Million | 5.41% | 0.61x | $174.31 Million |
| Atlas Copco A ADR (ACO) | $53.53 Billion | 27.61% | 1.12x | $64.34 Billion |
| ATS CORP. (ATO0) | $1.68 Billion | 11.50% | 1.43x | $2.77 Billion |
| Chongqing Machinery & Electric Co. Ltd (CE3) | $5.89 Billion | 8.61% | 1.18x | $349.86 Million |
About Harbin Electric
Harbin Electric Company Limited, together with its subsidiaries, manufactures and sells power plant equipment in the People's Republic of China, the rest of Asia, Africa, Europe, and the United States. It operates through new power system with new energy as the main body; clean and efficient industrial system; green and low-carbon drive system; and other businesses segments. The company provides … Read more