Hengli Industrial Development Group Co Ltd
Hengli Industrial Development Group Co., Ltd. engages in the research and development, manufacture, and sale of automobile air conditioning equipment in China. The company offers air conditioning equipment for car, truck, engineering, and special vehicles; and air conditioning compressors and other products. It is also involved in real estate management and investment management activities. The c… Read more
Hengli Industrial Development Group Co Ltd (000622) - Net Assets
Latest net assets as of September 2024: CN¥173.65 Million CNY
Based on the latest financial reports, Hengli Industrial Development Group Co Ltd (000622) has net assets worth CN¥173.65 Million CNY as of September 2024.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥481.53 Million) and total liabilities (CN¥307.88 Million). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥173.65 Million |
| % of Total Assets | 36.06% |
| Annual Growth Rate | 4.94% |
| 5-Year Change | -11.65% |
| 10-Year Change | -14.59% |
| Growth Volatility | 183.63 |
Hengli Industrial Development Group Co Ltd - Net Assets Trend (1993–2023)
This chart illustrates how Hengli Industrial Development Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hengli Industrial Development Group Co Ltd (1993–2023)
The table below shows the annual net assets of Hengli Industrial Development Group Co Ltd from 1993 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CN¥189.87 Million | -5.70% |
| 2022-12-31 | CN¥201.35 Million | -6.18% |
| 2021-12-31 | CN¥214.60 Million | +0.54% |
| 2020-12-31 | CN¥213.45 Million | -0.67% |
| 2019-12-31 | CN¥214.90 Million | +5.24% |
| 2018-12-31 | CN¥204.20 Million | +2.57% |
| 2017-12-31 | CN¥199.09 Million | -6.75% |
| 2016-12-31 | CN¥213.50 Million | +25.64% |
| 2015-12-31 | CN¥169.93 Million | -23.56% |
| 2014-12-31 | CN¥222.30 Million | -15.27% |
| 2013-12-31 | CN¥262.35 Million | +4.38% |
| 2012-12-31 | CN¥251.34 Million | +257.38% |
| 2011-12-31 | CN¥-159.70 Million | -26.77% |
| 2010-12-31 | CN¥-125.97 Million | -27.45% |
| 2009-12-31 | CN¥-98.83 Million | +1.82% |
| 2008-12-31 | CN¥-100.66 Million | +3.78% |
| 2007-12-31 | CN¥-104.62 Million | +22.11% |
| 2006-12-31 | CN¥-134.32 Million | +6.03% |
| 2005-12-31 | CN¥-142.94 Million | -866.08% |
| 2004-12-31 | CN¥18.66 Million | -88.58% |
| 2003-12-31 | CN¥163.37 Million | -7.34% |
| 2002-12-31 | CN¥176.30 Million | -20.49% |
| 2001-12-31 | CN¥221.75 Million | -5.39% |
| 2000-12-31 | CN¥234.38 Million | +4.75% |
| 1999-12-31 | CN¥223.76 Million | -11.94% |
| 1998-12-31 | CN¥254.11 Million | +65.68% |
| 1997-12-31 | CN¥153.38 Million | +13.23% |
| 1996-12-31 | CN¥135.45 Million | +186.70% |
| 1995-12-31 | CN¥47.25 Million | +4.66% |
| 1994-12-31 | CN¥45.14 Million | +1.05% |
| 1993-12-31 | CN¥44.67 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hengli Industrial Development Group Co Ltd'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 63324.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥425.23 Million | 232.58% |
| Other Comprehensive Income | CN¥157.15 Million | 85.95% |
| Other Components | CN¥40.41 Million | 22.10% |
| Total Equity | CN¥182.83 Million | 100.00% |
Hengli Industrial Development Group Co Ltd Competitors by Market Cap
The table below lists competitors of Hengli Industrial Development Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Puma Exploration Inc
OTCQB:PUMXF
|
$7.82 Million |
|
System1 Inc
NYSE:SST
|
$7.82 Million |
|
Energy Plug Technologies Corp
OTCQB:PLGGF
|
$7.83 Million |
|
Nico Resources Ltd
AU:NC1
|
$7.83 Million |
|
Cpt Drives & Power Pcl
BK:CPT
|
$7.81 Million |
|
Ntaw Holdings Ltd
AU:NTD
|
$7.81 Million |
|
Cavitation Techs Inc
OTCQB:CVAT
|
$7.81 Million |
|
Chemlite Innovation Berhad
KLSE:0348
|
$7.81 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hengli Industrial Development Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 194,311,819 to 182,831,968, a change of -11,479,851 (-5.9%).
- Net loss of 11,479,851 reduced equity.
- Dividend payments of 1,022,788 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-11.48 Million | -6.28% |
| Dividends Paid | CN¥1.02 Million | -0.56% |
| Other Changes | CN¥1.02 Million | +0.56% |
| Total Change | CN¥- | -5.91% |
Book Value vs Market Value Analysis
This analysis compares Hengli Industrial Development Group Co Ltd'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: 0.35x
- 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 | CN¥0.44 | CN¥0.15 | x |
| 2018-12-31 | CN¥0.45 | CN¥0.15 | x |
| 2019-12-31 | CN¥0.48 | CN¥0.15 | x |
| 2020-12-31 | CN¥0.48 | CN¥0.15 | x |
| 2021-12-31 | CN¥0.49 | CN¥0.15 | x |
| 2022-12-31 | CN¥0.46 | CN¥0.15 | x |
| 2023-12-31 | CN¥0.43 | CN¥0.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hengli Industrial Development Group Co Ltd 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): -6.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.30%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 2.17x
- Recent ROE (-6.28%) is below the historical average (1.52%), 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 | 6.86% | 7.18% | 0.41x | 2.33x | CN¥-6.78 Million |
| 2001 | 3.82% | 4.53% | 0.35x | 2.43x | CN¥-12.67 Million |
| 2002 | 3.08% | 2.46% | 0.38x | 3.34x | CN¥-10.93 Million |
| 2003 | 1.21% | 0.74% | 0.41x | 3.96x | CN¥-12.57 Million |
| 2006 | 0.00% | 11.68% | 0.27x | 0.00x | CN¥25.13 Million |
| 2007 | 0.00% | 3.07% | 0.38x | 0.00x | CN¥15.55 Million |
| 2008 | 0.00% | 2.61% | 0.40x | 0.00x | CN¥14.69 Million |
| 2009 | 0.00% | 1.37% | 0.38x | 0.00x | CN¥13.09 Million |
| 2012 | 2.28% | 4.01% | 0.30x | 1.90x | CN¥-17.51 Million |
| 2013 | 4.27% | 5.53% | 0.43x | 1.81x | CN¥-13.57 Million |
| 2016 | 23.81% | 114.64% | 0.09x | 2.31x | CN¥27.84 Million |
| 2017 | -14.60% | -46.63% | 0.15x | 2.11x | CN¥-46.14 Million |
| 2018 | 1.65% | 1.61% | 0.57x | 1.79x | CN¥-15.92 Million |
| 2019 | 5.85% | 3.43% | 1.09x | 1.56x | CN¥-8.40 Million |
| 2020 | 1.43% | 0.86% | 0.88x | 1.88x | CN¥-17.63 Million |
| 2021 | 0.86% | 0.51% | 1.03x | 1.65x | CN¥-18.97 Million |
| 2022 | -6.82% | -5.38% | 0.75x | 1.68x | CN¥-32.69 Million |
| 2023 | -6.28% | -10.30% | 0.28x | 2.17x | CN¥-29.76 Million |
Industry Comparison
This section compares Hengli Industrial Development Group Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,839,986,226
- Average return on equity (ROE) among peers: 9.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hengli Industrial Development Group Co Ltd (000622) | CN¥173.65 Million | 6.86% | 1.77x | $7.81 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |