Shenzhen Zhongheng Huafa Co Ltd Class A (000020) - Net Assets
Based on the latest financial reports, Shenzhen Zhongheng Huafa Co Ltd Class A (000020) has net assets worth CN¥424.93 Million CNY (≈ $62.18 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¥753.23 Million ≈ $110.22 Million USD) and total liabilities (CN¥328.31 Million ≈ $48.04 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. Check Shenzhen Zhongheng Huafa Co Ltd Class A tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥424.93 Million |
| % of Total Assets | 56.41% |
| Annual Growth Rate | 2.89% |
| 5-Year Change | 20.05% |
| 10-Year Change | 29.62% |
| Growth Volatility | 13.82 |
Shenzhen Zhongheng Huafa Co Ltd Class A - Net Assets Trend (1991–2024)
This chart illustrates how Shenzhen Zhongheng Huafa Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Shenzhen Zhongheng Huafa Co Ltd Class A to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shenzhen Zhongheng Huafa Co Ltd Class A (1991–2024)
The table below shows the annual net assets of Shenzhen Zhongheng Huafa Co Ltd Class A from 1991 to 2024. For live valuation and market cap data, see 000020 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥403.66 Million ≈ $59.07 Million |
+10.01% |
| 2023-12-31 | CN¥366.92 Million ≈ $53.69 Million |
+3.77% |
| 2022-12-31 | CN¥353.58 Million ≈ $51.74 Million |
+2.95% |
| 2021-12-31 | CN¥343.45 Million ≈ $50.26 Million |
+2.14% |
| 2020-12-31 | CN¥336.25 Million ≈ $49.20 Million |
+2.07% |
| 2019-12-31 | CN¥329.43 Million ≈ $48.21 Million |
+1.69% |
| 2018-12-31 | CN¥323.97 Million ≈ $47.41 Million |
+1.03% |
| 2017-12-31 | CN¥320.67 Million ≈ $46.92 Million |
+0.30% |
| 2016-12-31 | CN¥319.70 Million ≈ $46.78 Million |
+2.66% |
| 2015-12-31 | CN¥311.41 Million ≈ $45.57 Million |
+10.68% |
| 2014-12-31 | CN¥281.35 Million ≈ $41.17 Million |
+2.81% |
| 2013-12-31 | CN¥273.66 Million ≈ $40.05 Million |
-2.33% |
| 2012-12-31 | CN¥280.18 Million ≈ $41.00 Million |
+1.17% |
| 2011-12-31 | CN¥276.94 Million ≈ $40.52 Million |
+3.89% |
| 2010-12-31 | CN¥266.56 Million ≈ $39.01 Million |
+5.79% |
| 2009-12-31 | CN¥251.96 Million ≈ $36.87 Million |
+1.68% |
| 2008-12-31 | CN¥247.81 Million ≈ $36.26 Million |
+2.32% |
| 2007-12-31 | CN¥242.20 Million ≈ $35.44 Million |
+8.20% |
| 2006-12-31 | CN¥223.84 Million ≈ $32.76 Million |
-6.29% |
| 2005-12-31 | CN¥238.86 Million ≈ $34.95 Million |
+2.85% |
| 2004-12-31 | CN¥232.24 Million ≈ $33.98 Million |
-16.03% |
| 2003-12-31 | CN¥276.58 Million ≈ $40.47 Million |
-5.92% |
| 2002-12-31 | CN¥293.99 Million ≈ $43.02 Million |
+1.10% |
| 2001-12-31 | CN¥290.78 Million ≈ $42.55 Million |
-2.86% |
| 2000-12-31 | CN¥299.33 Million ≈ $43.80 Million |
-3.42% |
| 1999-12-31 | CN¥309.94 Million ≈ $45.35 Million |
-0.91% |
| 1998-12-31 | CN¥312.79 Million ≈ $45.77 Million |
-24.17% |
| 1997-12-31 | CN¥412.50 Million ≈ $60.36 Million |
+9.96% |
| 1996-12-31 | CN¥375.12 Million ≈ $54.89 Million |
+2.14% |
| 1995-12-31 | CN¥367.26 Million ≈ $53.74 Million |
+10.03% |
| 1994-12-31 | CN¥333.77 Million ≈ $48.84 Million |
+7.91% |
| 1993-12-31 | CN¥309.30 Million ≈ $45.26 Million |
+15.39% |
| 1992-12-31 | CN¥268.05 Million ≈ $39.22 Million |
+70.01% |
| 1991-12-31 | CN¥157.67 Million ≈ $23.07 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Zhongheng Huafa Co Ltd Class A'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 2794.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥283.16 Million | 70.15% |
| Other Comprehensive Income | CN¥127.47 Million | 31.58% |
| Other Components | CN¥96.50 Million | 23.91% |
| Total Equity | CN¥403.66 Million | 100.00% |
Shenzhen Zhongheng Huafa Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Shenzhen Zhongheng Huafa Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Mecaro Co. Ltd
KQ:241770
|
$314.69 Million |
|
Jilin Jian Yisheng Pharmaceutical Co Ltd
SHE:002566
|
$314.79 Million |
|
Formosan Union Chemical Corp
TW:1709
|
$314.85 Million |
|
Nanjing Chixia Development Co Ltd
SHG:600533
|
$314.98 Million |
|
Ningbo Water Meter Co Ltd
SHG:603700
|
$314.55 Million |
|
Wuxi Honghui New Materials Technology Co Ltd
SHE:002802
|
$314.52 Million |
|
Iljin HySolus Co Ltd
KO:271940
|
$314.50 Million |
|
Dk Tech Co.Ltd
KQ:290550
|
$314.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Zhongheng Huafa Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 366,920,717 to 403,659,007, a change of 36,738,290 (10.0%).
- Net income of 36,738,291 contributed positively to equity growth.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥36.74 Million | +9.1% |
| Other Changes | CN¥-1.00 | -0.0% |
| Total Change | CN¥- | 10.01% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Zhongheng Huafa Co Ltd Class A'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: 8.33x
- 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 21.33x to 8.33x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1991-12-31 | CN¥0.56 | CN¥11.87 | x |
| 1992-12-31 | CN¥0.95 | CN¥11.87 | x |
| 1993-12-31 | CN¥1.09 | CN¥11.87 | x |
| 1994-12-31 | CN¥1.18 | CN¥11.87 | x |
| 1995-12-31 | CN¥1.30 | CN¥11.87 | x |
| 1996-12-31 | CN¥1.32 | CN¥11.87 | x |
| 1997-12-31 | CN¥1.46 | CN¥11.87 | x |
| 1998-12-31 | CN¥1.10 | CN¥11.87 | x |
| 1999-12-31 | CN¥1.09 | CN¥11.87 | x |
| 2000-12-31 | CN¥1.06 | CN¥11.87 | x |
| 2001-12-31 | CN¥1.03 | CN¥11.87 | x |
| 2002-12-31 | CN¥1.04 | CN¥11.87 | x |
| 2003-12-31 | CN¥0.98 | CN¥11.87 | x |
| 2004-12-31 | CN¥0.82 | CN¥11.87 | x |
| 2005-12-31 | CN¥0.84 | CN¥11.87 | x |
| 2006-12-31 | CN¥0.79 | CN¥11.87 | x |
| 2007-12-31 | CN¥0.86 | CN¥11.87 | x |
| 2008-12-31 | CN¥0.87 | CN¥11.87 | x |
| 2009-12-31 | CN¥0.89 | CN¥11.87 | x |
| 2010-12-31 | CN¥0.94 | CN¥11.87 | x |
| 2011-12-31 | CN¥0.98 | CN¥11.87 | x |
| 2012-12-31 | CN¥0.99 | CN¥11.87 | x |
| 2013-12-31 | CN¥0.97 | CN¥11.87 | x |
| 2014-12-31 | CN¥0.99 | CN¥11.87 | x |
| 2015-12-31 | CN¥1.10 | CN¥11.87 | x |
| 2016-12-31 | CN¥1.13 | CN¥11.87 | x |
| 2017-12-31 | CN¥1.12 | CN¥11.87 | x |
| 2018-12-31 | CN¥1.14 | CN¥11.87 | x |
| 2019-12-31 | CN¥1.16 | CN¥11.87 | x |
| 2020-12-31 | CN¥1.19 | CN¥11.87 | x |
| 2021-12-31 | CN¥1.21 | CN¥11.87 | x |
| 2022-12-31 | CN¥1.25 | CN¥11.87 | x |
| 2023-12-31 | CN¥1.30 | CN¥11.87 | x |
| 2024-12-31 | CN¥1.43 | CN¥11.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Zhongheng Huafa Co Ltd Class A 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): 9.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.50%
- • Asset Turnover: 1.20x
- • Equity Multiplier: 1.69x
- Recent ROE (9.10%) is above the historical average (2.37%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1991 | 22.82% | 69.26% | 0.12x | 2.70x | CN¥20.21 Million |
| 1992 | 14.99% | 91.73% | 0.10x | 1.70x | CN¥13.37 Million |
| 1993 | 15.10% | 10.09% | 0.96x | 1.56x | CN¥15.78 Million |
| 1994 | 13.69% | 13.45% | 0.77x | 1.32x | CN¥12.33 Million |
| 1995 | 12.52% | 13.01% | 0.67x | 1.43x | CN¥9.25 Million |
| 1996 | 10.24% | 12.82% | 0.53x | 1.52x | CN¥905.16K |
| 1997 | -16.79% | -39.82% | 0.33x | 1.29x | CN¥-110.52 Million |
| 1998 | -16.69% | -41.69% | 0.28x | 1.43x | CN¥-83.47 Million |
| 1999 | 3.23% | 6.08% | 0.34x | 1.57x | CN¥-20.98 Million |
| 2000 | 0.98% | 2.47% | 0.25x | 1.56x | CN¥-27.00 Million |
| 2001 | 1.05% | 3.68% | 0.18x | 1.55x | CN¥-26.03 Million |
| 2002 | 1.82% | 4.16% | 0.27x | 1.63x | CN¥-24.04 Million |
| 2003 | -2.80% | -6.53% | 0.25x | 1.72x | CN¥-35.39 Million |
| 2004 | -19.09% | -34.31% | 0.30x | 1.85x | CN¥-67.57 Million |
| 2005 | 2.77% | 5.79% | 0.29x | 1.63x | CN¥-17.26 Million |
| 2006 | -8.74% | -12.13% | 0.43x | 1.68x | CN¥-41.94 Million |
| 2007 | 9.11% | 11.42% | 0.52x | 1.54x | CN¥-2.15 Million |
| 2008 | 3.05% | 4.00% | 0.42x | 1.80x | CN¥-17.21 Million |
| 2009 | 1.65% | 0.82% | 0.67x | 3.00x | CN¥-21.04 Million |
| 2010 | 3.44% | 1.23% | 1.03x | 2.72x | CN¥-17.48 Million |
| 2011 | 3.75% | 1.18% | 1.31x | 2.41x | CN¥-17.32 Million |
| 2012 | 1.16% | 0.45% | 1.06x | 2.43x | CN¥-24.78 Million |
| 2013 | -2.38% | -1.04% | 0.86x | 2.67x | CN¥-33.88 Million |
| 2014 | 2.73% | 1.11% | 0.60x | 4.13x | CN¥-20.45 Million |
| 2015 | -1.35% | -0.84% | 0.43x | 3.71x | CN¥-35.34 Million |
| 2016 | 1.71% | 0.88% | 0.98x | 1.98x | CN¥-26.51 Million |
| 2017 | 0.30% | 0.11% | 1.36x | 1.96x | CN¥-31.09 Million |
| 2018 | 1.02% | 0.52% | 1.03x | 1.90x | CN¥-29.10 Million |
| 2019 | 1.66% | 0.76% | 1.17x | 1.86x | CN¥-27.48 Million |
| 2020 | 2.03% | 0.99% | 1.10x | 1.87x | CN¥-26.79 Million |
| 2021 | 2.10% | 0.94% | 1.16x | 1.92x | CN¥-27.14 Million |
| 2022 | 2.86% | 1.52% | 1.09x | 1.72x | CN¥-25.23 Million |
| 2023 | 3.64% | 1.84% | 1.27x | 1.55x | CN¥-23.35 Million |
| 2024 | 9.10% | 4.50% | 1.20x | 1.69x | CN¥-3.63 Million |
Industry Comparison
This section compares Shenzhen Zhongheng Huafa Co Ltd Class A's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $11,544,745,791
- Average return on equity (ROE) among peers: 5.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | CN¥424.93 Million | 22.82% | 0.77x | $314.68 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $464.21 Million | 30.94% | 3.01x | $1.37 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $195.81 Million | -19.00% | 2.02x | $505.27 Million |
| CPT Technology Group Co Ltd (000536) | $3.17 Billion | 11.02% | 0.49x | $1.56 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $4.57 Billion | 3.04% | 0.46x | $12.54 Billion |
| Xiamen Xindeco Ltd (000701) | $3.04 Billion | 0.36% | 4.90x | $477.65 Million |
| BOE Technology Group Co Ltd (000725) | $76.96 Billion | 3.33% | 0.77x | $35.69 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $3.57 Billion | 3.61% | 0.48x | $4.71 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $7.81 Billion | 3.52% | 0.44x | $2.54 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $4.12 Billion | 10.53% | 0.57x | $4.23 Billion |
About Shenzhen Zhongheng Huafa Co Ltd Class A
Shenzhen Zhongheng Huafa Co., Ltd., together with its subsidiaries, produces and sells injection molded parts, foam parts, and liquid crystal display monitors. The company is also involved in property leasing and management businesses. The company was formerly known as Shenzhen Huafa Electronics Co.,Ltd. and changed its name to Shenzhen Zhongheng Huafa Co., Ltd. in September 2007. Shenzhen Zhongh… Read more