Hanwha Solutions (009830) - Net Assets

Latest as of September 2025: ₩11.15 Trillion KRW ≈ $7.56 Billion USD

Based on the latest financial reports, Hanwha Solutions (009830) has net assets worth ₩11.15 Trillion KRW (≈ $7.56 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₩32.26 Trillion ≈ $21.86 Billion USD) and total liabilities (₩21.11 Trillion ≈ $14.31 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 Hanwha Solutions liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	₩11.15 Trillion
% of Total Assets	34.57%
Annual Growth Rate	8.36%
5-Year Change	77.74%
10-Year Change	115.1%
Growth Volatility	22.85

Hanwha Solutions - Net Assets Trend (2000–2024)

This chart illustrates how Hanwha Solutions's net assets have evolved over time, based on quarterly financial data. Also explore Hanwha Solutions assets under control for the complete picture of this company's asset base.

Annual Net Assets for Hanwha Solutions (2000–2024)

The table below shows the annual net assets of Hanwha Solutions from 2000 to 2024. For live valuation and market cap data, see Hanwha Solutions (009830) total market value.

Year	Net Assets	Change
2024-12-31	₩10.61 Trillion ≈ $7.19 Billion	+17.72%
2023-12-31	₩9.01 Trillion ≈ $6.11 Billion	-8.96%
2022-12-31	₩9.90 Trillion ≈ $6.71 Billion	+20.68%
2021-12-31	₩8.20 Trillion ≈ $5.56 Billion	+37.43%
2020-12-31	₩5.97 Trillion ≈ $4.04 Billion	+2.79%
2019-12-31	₩5.81 Trillion ≈ $3.93 Billion	-6.76%
2018-12-31	₩6.23 Trillion ≈ $4.22 Billion	+0.64%
2017-12-31	₩6.19 Trillion ≈ $4.19 Billion	+13.15%
2016-12-31	₩5.47 Trillion ≈ $3.71 Billion	+10.89%
2015-12-31	₩4.93 Trillion ≈ $3.34 Billion	+3.17%
2014-12-31	₩4.78 Trillion ≈ $3.24 Billion	+7.24%
2013-12-31	₩4.46 Trillion ≈ $3.02 Billion	-2.38%
2012-12-31	₩4.57 Trillion ≈ $3.09 Billion	-4.84%
2011-12-31	₩4.80 Trillion ≈ $3.25 Billion	+31.60%
2010-12-31	₩3.65 Trillion ≈ $2.47 Billion	+29.29%
2009-12-31	₩2.82 Trillion ≈ $1.91 Billion	+9.83%
2008-12-31	₩2.57 Trillion ≈ $1.74 Billion	+18.45%
2007-12-31	₩2.17 Trillion ≈ $1.47 Billion	+11.64%
2006-12-31	₩1.94 Trillion ≈ $1.32 Billion	+7.15%
2005-12-31	₩1.81 Trillion ≈ $1.23 Billion	+22.48%
2004-12-31	₩1.48 Trillion ≈ $1.00 Billion	+22.03%
2003-12-31	₩1.21 Trillion ≈ $821.65 Million	-43.36%
2002-12-31	₩2.14 Trillion ≈ $1.45 Billion	+82.04%
2001-12-31	₩1.18 Trillion ≈ $796.96 Million	-23.85%
2000-12-31	₩1.54 Trillion ≈ $1.05 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to Hanwha Solutions'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 413243526233000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	₩4.13 Trillion	43.73%
Other Components	₩5.32 Trillion	56.27%
Total Equity	₩9.45 Trillion	100.00%

Hanwha Solutions Competitors by Market Cap

The table below lists competitors of Hanwha Solutions ranked by their market capitalization.

Company	Market Cap
OUTSURANCE GROUP LTD JSE:OUT	$5.82 Billion
Ningbo Joyson Electronic Corp SHG:600699	$5.82 Billion
Mirum Pharmaceuticals Inc NASDAQ:MIRM	$5.82 Billion
Inner Mongolia Yitai Coal Co Ltd SHG:900948	$5.83 Billion
Open Text Corp NASDAQ:OTEX	$5.81 Billion
Taylor Morn Home NYSE:TMHC	$5.81 Billion
Topicus.com Inc V:TOI	$5.81 Billion
thyssenkrupp AG F:TKA1	$5.80 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hanwha Solutions's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 7,847,475,994,480 to 9,449,650,114,090, a change of 1,602,174,119,610 (20.4%).
Net loss of 1,404,399,363,570 reduced equity.
Dividend payments of 138,000,263,400 reduced retained earnings.
Other factors increased equity by 3,144,573,746,580.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	₩-1.40 Trillion	-14.86%
Dividends Paid	₩138.00 Billion	-1.46%
Other Changes	₩3.14 Trillion	+33.28%
Total Change	₩-	20.42%

Book Value vs Market Value Analysis

This analysis compares Hanwha Solutions'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: 0.91x
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.
The price-to-book ratio has decreased from 1.42x to 0.91x 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	₩35747.34	₩50700.00	x
2018-12-31	₩36192.02	₩50700.00	x
2019-12-31	₩34385.71	₩50700.00	x
2020-12-31	₩36041.43	₩50700.00	x
2021-12-31	₩42813.79	₩50700.00	x
2022-12-31	₩52282.48	₩50700.00	x
2023-12-31	₩46340.52	₩50700.00	x
2024-12-31	₩55800.10	₩50700.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hanwha Solutions 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): -14.86%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -11.33%
• Asset Turnover: 0.41x
• Equity Multiplier: 3.18x
Recent ROE (-14.86%) is below the historical average (5.82%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	0.11%	0.05%	0.70x	3.28x	₩-146.22 Billion
2002	3.05%	1.03%	0.10x	30.10x	₩-79.37 Billion
2003	8.62%	3.55%	0.64x	3.79x	₩-16.23 Billion
2004	20.48%	8.94%	0.66x	3.45x	₩147.37 Billion
2005	18.98%	8.22%	0.84x	2.76x	₩151.74 Billion
2006	11.02%	5.11%	0.76x	2.83x	₩18.58 Billion
2007	10.29%	4.83%	0.73x	2.91x	₩5.89 Billion
2008	1.73%	0.77%	0.75x	3.00x	₩-196.10 Billion
2009	12.76%	6.38%	0.74x	2.69x	₩73.76 Billion
2010	13.21%	5.51%	0.77x	3.10x	₩96.18 Billion
2011	6.03%	3.17%	0.67x	2.84x	₩-165.85 Billion
2012	0.72%	0.42%	0.56x	3.03x	₩-380.29 Billion
2013	0.20%	0.10%	0.61x	3.16x	₩-397.60 Billion
2014	1.29%	0.70%	0.64x	2.88x	₩-381.11 Billion
2015	4.07%	2.34%	0.58x	2.99x	₩-274.62 Billion
2016	14.29%	8.16%	0.67x	2.61x	₩226.76 Billion
2017	13.71%	8.83%	0.68x	2.27x	₩223.18 Billion
2018	3.07%	2.06%	0.59x	2.50x	₩-422.32 Billion
2019	-4.15%	-2.50%	0.61x	2.74x	₩-810.44 Billion
2020	5.21%	3.36%	0.61x	2.55x	₩-283.83 Billion
2021	7.59%	5.77%	0.54x	2.45x	₩-196.89 Billion
2022	4.03%	2.63%	0.57x	2.67x	₩-532.91 Billion
2023	-1.80%	-1.08%	0.53x	3.12x	₩-925.79 Billion
2024	-14.86%	-11.33%	0.41x	3.18x	₩-2.35 Trillion

Industry Comparison

This section compares Hanwha Solutions's net assets metrics with peer companies in the Solar industry.

Industry Context

Industry: Solar
Average net assets among peers: $3,115,813,501,340
Average return on equity (ROE) among peers: -1.87%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hanwha Solutions (009830)	₩11.15 Trillion	0.11%	1.89x	$5.82 Billion
Hanwha Chemical Corp Pref (009835)	$5.81 Trillion	-4.09%	1.70x	$50.61 Million
Hyundai Energy Solutions Co Ltd (322000)	$425.78 Billion	0.35%	0.11x	$1.75 Billion

About Hanwha Solutions

KO:009830 Korea Solar

Market Cap

$5.82 Billion

₩8.59 Trillion KRW

Market Cap Rank

#3253 Global

#83 in Korea

Share Price

₩50700.00

Change (1 day)

+5.74%

52-Week Range

₩26100.00 - ₩58500.00

All Time High

₩62834.30