Hunan Zhenghong Science and Technology Develop Co Ltd (000702) - Net Assets
Based on the latest financial reports, Hunan Zhenghong Science and Technology Develop Co Ltd (000702) has net assets worth CN¥274.87 Million CNY (≈ $40.22 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥591.29 Million ≈ $86.52 Million USD) and total liabilities (CN¥316.42 Million ≈ $46.30 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 000702 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥274.87 Million |
| % of Total Assets | 46.49% |
| Annual Growth Rate | 6.21% |
| 5-Year Change | -51.68% |
| 10-Year Change | -34.8% |
| Growth Volatility | 76.65 |
Hunan Zhenghong Science and Technology Develop Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Hunan Zhenghong Science and Technology Develop Co Ltd's net assets have evolved over time, based on quarterly financial data. See 000702 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hunan Zhenghong Science and Technology Develop Co Ltd (1993–2024)
The table below shows the annual net assets of Hunan Zhenghong Science and Technology Develop Co Ltd from 1993 to 2024. For live valuation and market cap data, see Hunan Zhenghong Science and Technology D (000702) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥300.43 Million ≈ $43.96 Million |
-9.22% |
| 2023-12-31 | CN¥330.96 Million ≈ $48.43 Million |
+182.26% |
| 2022-12-31 | CN¥117.25 Million ≈ $17.16 Million |
-57.88% |
| 2021-12-31 | CN¥278.36 Million ≈ $40.73 Million |
-55.23% |
| 2020-12-31 | CN¥621.75 Million ≈ $90.98 Million |
+11.27% |
| 2019-12-31 | CN¥558.79 Million ≈ $81.77 Million |
+6.92% |
| 2018-12-31 | CN¥522.63 Million ≈ $76.48 Million |
+10.29% |
| 2017-12-31 | CN¥473.86 Million ≈ $69.34 Million |
+2.78% |
| 2016-12-31 | CN¥461.02 Million ≈ $67.46 Million |
+0.05% |
| 2015-12-31 | CN¥460.77 Million ≈ $67.43 Million |
-6.38% |
| 2014-12-31 | CN¥492.19 Million ≈ $72.02 Million |
+11.51% |
| 2013-12-31 | CN¥441.40 Million ≈ $64.59 Million |
-3.87% |
| 2012-12-31 | CN¥459.19 Million ≈ $67.19 Million |
+0.26% |
| 2011-12-31 | CN¥457.99 Million ≈ $67.02 Million |
+4.04% |
| 2010-12-31 | CN¥440.20 Million ≈ $64.42 Million |
+2.02% |
| 2009-12-31 | CN¥431.48 Million ≈ $63.14 Million |
+1.79% |
| 2008-12-31 | CN¥423.88 Million ≈ $62.03 Million |
+2.25% |
| 2007-12-31 | CN¥414.55 Million ≈ $60.66 Million |
-22.69% |
| 2006-12-31 | CN¥536.23 Million ≈ $78.47 Million |
-3.87% |
| 2005-12-31 | CN¥557.84 Million ≈ $81.63 Million |
-2.56% |
| 2004-12-31 | CN¥572.51 Million ≈ $83.78 Million |
-35.04% |
| 2003-12-31 | CN¥881.40 Million ≈ $128.98 Million |
+4.22% |
| 2002-12-31 | CN¥845.70 Million ≈ $123.75 Million |
-0.47% |
| 2001-12-31 | CN¥849.73 Million ≈ $124.34 Million |
-1.50% |
| 2000-12-31 | CN¥862.65 Million ≈ $126.23 Million |
+49.88% |
| 1999-12-31 | CN¥575.58 Million ≈ $84.23 Million |
+7.23% |
| 1998-12-31 | CN¥536.76 Million ≈ $78.54 Million |
+2.34% |
| 1997-12-31 | CN¥524.50 Million ≈ $76.75 Million |
+380.77% |
| 1996-12-31 | CN¥109.10 Million ≈ $15.96 Million |
+22.09% |
| 1995-12-31 | CN¥89.36 Million ≈ $13.08 Million |
+37.14% |
| 1994-12-31 | CN¥65.16 Million ≈ $9.53 Million |
+40.24% |
| 1993-12-31 | CN¥46.46 Million ≈ $6.80 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hunan Zhenghong Science and Technology Develop 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 9145.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥346.62 Million | 95.47% |
| Other Comprehensive Income | CN¥55.13 Million | 15.18% |
| Other Components | CN¥435.32 Million | 119.89% |
| Total Equity | CN¥363.08 Million | 100.00% |
Hunan Zhenghong Science and Technology Develop Co Ltd Competitors by Market Cap
The table below lists competitors of Hunan Zhenghong Science and Technology Develop Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Silver Storm Mining Ltd.
V:SVRS
|
$270.97 Million |
|
Vivotek Inc
TW:3454
|
$271.10 Million |
|
National Aerospace Fasteners Corp
TW:3004
|
$271.28 Million |
|
Carlsmed, Inc. Common Stock
NASDAQ:CARL
|
$271.31 Million |
|
Singaraja Putra
JK:SINI
|
$270.57 Million |
|
Watts SA
SN:WATTS
|
$270.43 Million |
|
Harbin Air Conditioning Co Ltd
SHG:600202
|
$270.38 Million |
|
Shanghai Challenge Textile Co Ltd
SHE:002486
|
$270.19 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hunan Zhenghong Science and Technology Develop Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 427,564,880 to 363,084,730, a change of -64,480,150 (-15.1%).
- Net loss of 65,250,013 reduced equity.
- Dividend payments of 10,216,647 reduced retained earnings.
- Other comprehensive income increased equity by 32,025,127.
- Other factors decreased equity by 21,038,617.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-65.25 Million | -17.97% |
| Dividends Paid | CN¥10.22 Million | -2.81% |
| Other Comprehensive Income | CN¥32.03 Million | +8.82% |
| Other Changes | CN¥-21.04 Million | -5.79% |
| Total Change | CN¥- | -15.08% |
Book Value vs Market Value Analysis
This analysis compares Hunan Zhenghong Science and Technology Develop 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: 5.10x
- 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 30.72x to 5.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.17 | CN¥5.34 | x |
| 1994-12-31 | CN¥0.24 | CN¥5.34 | x |
| 1995-12-31 | CN¥0.33 | CN¥5.34 | x |
| 1996-12-31 | CN¥0.41 | CN¥5.34 | x |
| 1997-12-31 | CN¥1.91 | CN¥5.34 | x |
| 1998-12-31 | CN¥1.95 | CN¥5.34 | x |
| 1999-12-31 | CN¥2.09 | CN¥5.34 | x |
| 2000-12-31 | CN¥3.16 | CN¥5.34 | x |
| 2001-12-31 | CN¥3.09 | CN¥5.34 | x |
| 2002-12-31 | CN¥5.91 | CN¥5.34 | x |
| 2003-12-31 | CN¥5.92 | CN¥5.34 | x |
| 2004-12-31 | CN¥3.72 | CN¥5.34 | x |
| 2005-12-31 | CN¥3.62 | CN¥5.34 | x |
| 2006-12-31 | CN¥3.50 | CN¥5.34 | x |
| 2007-12-31 | CN¥1.43 | CN¥5.34 | x |
| 2008-12-31 | CN¥1.38 | CN¥5.34 | x |
| 2009-12-31 | CN¥2.42 | CN¥5.34 | x |
| 2010-12-31 | CN¥1.75 | CN¥5.34 | x |
| 2011-12-31 | CN¥1.78 | CN¥5.34 | x |
| 2012-12-31 | CN¥1.70 | CN¥5.34 | x |
| 2013-12-31 | CN¥1.64 | CN¥5.34 | x |
| 2014-12-31 | CN¥1.83 | CN¥5.34 | x |
| 2015-12-31 | CN¥1.71 | CN¥5.34 | x |
| 2016-12-31 | CN¥1.72 | CN¥5.34 | x |
| 2017-12-31 | CN¥1.77 | CN¥5.34 | x |
| 2018-12-31 | CN¥1.95 | CN¥5.34 | x |
| 2019-12-31 | CN¥2.02 | CN¥5.34 | x |
| 2020-12-31 | CN¥2.18 | CN¥5.34 | x |
| 2021-12-31 | CN¥1.31 | CN¥5.34 | x |
| 2022-12-31 | CN¥0.86 | CN¥5.34 | x |
| 2023-12-31 | CN¥1.43 | CN¥5.34 | x |
| 2024-12-31 | CN¥1.05 | CN¥5.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hunan Zhenghong Science and Technology Develop 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): -17.97%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -5.82%
- • Asset Turnover: 1.58x
- • Equity Multiplier: 1.95x
- Recent ROE (-17.97%) is below the historical average (1.14%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 57.45% | 10.52% | 2.64x | 2.07x | CN¥22.04 Million |
| 1994 | 42.99% | 7.98% | 3.51x | 1.54x | CN¥21.49 Million |
| 1995 | 44.89% | 9.32% | 2.59x | 1.86x | CN¥31.18 Million |
| 1996 | 40.05% | 9.87% | 2.10x | 1.93x | CN¥32.79 Million |
| 1997 | 12.15% | 9.95% | 1.07x | 1.14x | CN¥10.99 Million |
| 1998 | 11.74% | 8.81% | 0.96x | 1.39x | CN¥9.03 Million |
| 1999 | 8.93% | 7.35% | 0.92x | 1.32x | CN¥-6.02 Million |
| 2000 | 9.51% | 8.01% | 0.79x | 1.50x | CN¥-4.12 Million |
| 2001 | 7.31% | 5.42% | 0.80x | 1.70x | CN¥-22.18 Million |
| 2002 | 3.57% | 2.67% | 0.84x | 1.59x | CN¥-52.41 Million |
| 2003 | 1.22% | 0.73% | 0.92x | 1.81x | CN¥-71.67 Million |
| 2004 | -51.55% | -14.36% | 1.37x | 2.63x | CN¥-315.79 Million |
| 2005 | 1.08% | 0.27% | 1.53x | 2.59x | CN¥-44.51 Million |
| 2006 | 6.28% | 1.87% | 1.45x | 2.32x | CN¥-17.99 Million |
| 2007 | -24.86% | -6.92% | 1.38x | 2.60x | CN¥-134.93 Million |
| 2008 | 2.89% | 0.71% | 1.93x | 2.11x | CN¥-27.86 Million |
| 2009 | 2.31% | 0.56% | 2.01x | 2.06x | CN¥-30.86 Million |
| 2010 | 1.72% | 0.41% | 1.83x | 2.28x | CN¥-33.83 Million |
| 2011 | 1.13% | 0.26% | 2.30x | 1.87x | CN¥-39.58 Million |
| 2012 | 0.84% | 0.19% | 2.16x | 2.01x | CN¥-41.64 Million |
| 2013 | -6.01% | -1.30% | 2.78x | 1.67x | CN¥-69.89 Million |
| 2014 | 5.34% | 1.44% | 2.53x | 1.46x | CN¥-22.75 Million |
| 2015 | 1.07% | 0.37% | 2.10x | 1.37x | CN¥-40.84 Million |
| 2016 | 0.44% | 0.16% | 1.90x | 1.41x | CN¥-43.75 Million |
| 2017 | 3.42% | 1.19% | 1.91x | 1.50x | CN¥-31.01 Million |
| 2018 | 10.72% | 4.16% | 1.87x | 1.38x | CN¥3.76 Million |
| 2019 | 1.74% | 0.83% | 1.65x | 1.26x | CN¥-44.58 Million |
| 2020 | 5.78% | 3.14% | 1.15x | 1.59x | CN¥-24.48 Million |
| 2021 | -63.97% | -15.67% | 1.59x | 2.57x | CN¥-259.35 Million |
| 2022 | -50.85% | -9.99% | 1.46x | 3.49x | CN¥-138.79 Million |
| 2023 | -32.71% | -11.27% | 1.73x | 1.68x | CN¥-182.61 Million |
| 2024 | -17.97% | -5.82% | 1.58x | 1.95x | CN¥-101.56 Million |
Industry Comparison
This section compares Hunan Zhenghong Science and Technology Develop Co Ltd's net assets metrics with peer companies in the Farm Products industry.
Industry Context
- Industry: Farm Products
- Average net assets among peers: $921,581,696
- Average return on equity (ROE) among peers: 8.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hunan Zhenghong Science and Technology Develop Co Ltd (000702) | CN¥274.87 Million | 57.45% | 1.15x | $270.86 Million |
| ShenZhen Kondarl Group Co Ltd (000048) | $291.81 Million | 10.51% | 2.30x | $1.48 Billion |
| Guangdong Guanghong Holdings Co Ltd (000529) | $950.88 Million | 15.12% | 0.66x | $395.53 Million |
| Hefei Fengle Seed Co Ltd (000713) | $574.87 Million | 11.73% | 1.50x | $665.79 Million |
| Luoniushan Co Ltd (000735) | $1.34 Billion | 1.52% | 0.62x | $854.31 Million |
| New Hope Liuhe Co Ltd (000876) | $2.41 Billion | 7.36% | 0.59x | $4.16 Billion |
| Yuan Longping High-tech Agriculture Co Ltd (000998) | $858.44 Million | 1.17% | 0.20x | $1.74 Billion |
| Dongrui Food Group Co Ltd (001201) | $326.81 Million | 2.47% | 0.90x | $410.04 Million |
| Jiangxi Sunshine Dairy Co Ltd (001318) | $585.62 Million | 19.17% | 0.10x | $438.44 Million |
| Shandong Denghai Seeds Co Ltd (002041) | $951.86 Million | 9.78% | 0.64x | $1.09 Billion |
About Hunan Zhenghong Science and Technology Develop Co Ltd
Hunan Zhenghong Science and Technology Develop Co.,Ltd. engages in the research and development, production, and sale of feed products in China. It is also involved in the pig breeding and selling business; import and export of grain, oil, and feed raw materials; domestic trade of bulk raw materials, and agricultural and sideline products; development of agricultural industrialization; and invest… Read more