Harbin Electric (HP6H) - Net Assets
Based on the latest financial reports, Harbin Electric (HP6H) has net assets worth €18.48 Billion EUR (≈ $21.60 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€78.66 Billion ≈ $91.97 Billion USD) and total liabilities (€60.19 Billion ≈ $70.36 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 strategic asset allocation of Harbin Electric to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | €18.48 Billion |
| % of Total Assets | 23.49% |
| Annual Growth Rate | 2.16% |
| 5-Year Change | 51.51% |
| 10-Year Change | 26.18% |
| Growth Volatility | 10.46 |
Harbin Electric - Net Assets Trend (2013–2025)
This chart illustrates how Harbin Electric's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Harbin Electric worth.
Annual Net Assets for Harbin Electric (2013–2025)
The table below shows the annual net assets of Harbin Electric from 2013 to 2025. Also explore Harbin Electric net asset momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | €18.48 Billion ≈ $21.60 Billion |
+14.12% |
| 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 |
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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 grown by 7.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €8.92 Billion | 50.10% |
| Other Components | €8.88 Billion | 49.90% |
| Total Equity | €17.80 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 |
|---|---|
|
Fusheng Precision Co Ltd
TW:6670
|
$1.21 Billion |
|
Sunstone Development Co Ltd
SHG:603612
|
$1.21 Billion |
|
Inner Mongolia Lantai Industrial Co Ltd
SHG:600328
|
$1.21 Billion |
|
Harmonic Inc
NASDAQ:HLIT
|
$1.21 Billion |
|
China Express Airlines Co Ltd Class A
SHE:002928
|
$1.21 Billion |
|
Guizhou Qianyuan Power Co Ltd
SHE:002039
|
$1.21 Billion |
|
CLARIVATE PLC
NYSE:CLVT
|
$1.21 Billion |
|
Universal Insurance Holdings Inc
NYSE:UVE
|
$1.21 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 2024 to 2025, total equity changed from 15,482,762,134 to 17,801,474,020, a change of 2,318,711,886 (15.0%).
- Net income of 2,665,811,891 contributed positively to equity growth.
- Dividend payments of 647,276,252 reduced retained earnings.
- Other factors increased equity by 300,176,247.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €2.67 Billion | +14.98% |
| Dividends Paid | €647.28 Million | -3.64% |
| Other Changes | €300.18 Million | +1.69% |
| Total Change | €- | 14.98% |
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: 0.19x
- 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 | €1.53 | x |
| 2018-12-31 | €8.81 | €1.53 | x |
| 2019-12-31 | €9.13 | €1.53 | x |
| 2020-12-31 | €9.19 | €1.53 | x |
| 2021-12-31 | €6.78 | €1.53 | x |
| 2022-12-31 | €6.87 | €1.53 | x |
| 2023-12-31 | €6.20 | €1.53 | x |
| 2024-12-31 | €6.92 | €1.53 | x |
| 2025-12-31 | €7.96 | €1.53 | 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): 14.98%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.83%
- • Asset Turnover: 0.58x
- • Equity Multiplier: 4.42x
- Recent ROE (14.98%) is above the historical average (0.94%), 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 |
| 2025 | 14.98% | 5.83% | 0.58x | 4.42x | €885.66 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: $11,296,224,004
- Average return on equity (ROE) among peers: 6.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harbin Electric (HP6H) | €18.48 Billion | 5.63% | 3.26x | $1.21 Billion |
| DB ENERGY S.A. ZY -10 (0CJ) | $20.21 Million | 40.75% | 3.12x | $6.22 Million |
| MORIMATSU INT.H.C. (HK) (1S5) | $2.01 Billion | 19.02% | 1.84x | $983.88 Million |
| 2G Energy AG (2GB) | $12.54 Million | 4.30% | 0.44x | $670.96 Million |
| Eaton Corporation PLC (3EC) | $17.29 Billion | 17.26% | 0.89x | $131.40 Billion |
| M+S HIDRAVLIK AD BW 1 (8Q3) | $123.53 Million | 7.26% | 0.22x | $197.17 Million |
| MERUS POWER OYJ EO 1 (99H) | $12.89 Million | -0.84% | 0.90x | $35.09 Million |
| Aumann AG (AAG) | $180.65 Million | 7.22% | 0.81x | $174.31 Million |
| Atlas Copco A ADR (ACO) | $91.50 Billion | 30.64% | 1.00x | $64.34 Billion |
| ATS CORP. (ATO0) | $1.78 Billion | 4.03% | 1.44x | $1.85 Billion |
| Circus SE (CA1) | $35.15 Million | -61.92% | 0.47x | $49.97 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