Hengyi Petrochemical Co Ltd

SHE:000703 China Specialty Chemicals
Market Cap
$5.60 Billion
CN¥41.07 Billion CNY
Market Cap Rank
#6022 Global
#873 in China
Share Price
CN¥11.40
Change (1 day)
-1.47%
52-Week Range
CN¥5.75 - CN¥13.33
All Time High
CN¥18.41
Categories
Companies in China Specialty Chemicals
About

Hengyi Petrochemical Co., Ltd. produces and sells chemical fiber products in China and internationally. It offers finished oil, including gasoline, diesel, aviation kerosene, and other refined oils; basic petrochemical raw materials comprising paraxylene, purified terephthalic acid, caprolactam, liquefied petroleum gas, benzene, and other chemicals; and polyester products, such as polyester pre-o… Read more

Hengyi Petrochemical Co Ltd (000703) - Net Assets

Latest net assets as of September 2025: CN¥29.30 Billion CNY

Based on the latest financial reports, Hengyi Petrochemical Co Ltd (000703) has net assets worth CN¥29.30 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥111.51 Billion) and total liabilities (CN¥82.21 Billion). 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¥29.30 Billion
% of Total Assets 26.27%
Annual Growth Rate 20.69%
5-Year Change 1.45%
10-Year Change 269.03%
Growth Volatility 645.55

Hengyi Petrochemical Co Ltd - Net Assets Trend (1993–2024)

This chart illustrates how Hengyi Petrochemical 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 Hengyi Petrochemical Co Ltd (1993–2024)

The table below shows the annual net assets of Hengyi Petrochemical Co Ltd from 1993 to 2024.

Year Net Assets Change
2024-12-31 CN¥30.73 Billion -3.85%
2023-12-31 CN¥31.96 Billion -2.13%
2022-12-31 CN¥32.66 Billion -0.86%
2021-12-31 CN¥32.94 Billion +8.74%
2020-12-31 CN¥30.29 Billion +4.23%
2019-12-31 CN¥29.06 Billion +30.52%
2018-12-31 CN¥22.27 Billion +40.48%
2017-12-31 CN¥15.85 Billion +19.96%
2016-12-31 CN¥13.21 Billion +58.66%
2015-12-31 CN¥8.33 Billion +18.72%
2014-12-31 CN¥7.01 Billion -4.86%
2013-12-31 CN¥7.37 Billion +5.51%
2012-12-31 CN¥6.99 Billion -3.04%
2011-12-31 CN¥7.21 Billion +3661.38%
2010-12-31 CN¥191.60 Million +2.16%
2009-12-31 CN¥187.55 Million -9.74%
2008-12-31 CN¥207.78 Million -7.13%
2007-12-31 CN¥223.73 Million +5.51%
2006-12-31 CN¥212.04 Million -13.95%
2005-12-31 CN¥246.42 Million +0.45%
2004-12-31 CN¥245.33 Million +8.03%
2003-12-31 CN¥227.09 Million -31.72%
2002-12-31 CN¥332.60 Million +4.02%
2001-12-31 CN¥319.75 Million +6.39%
2000-12-31 CN¥300.56 Million +11.52%
1999-12-31 CN¥269.50 Million +19.92%
1998-12-31 CN¥224.74 Million +3.89%
1997-12-31 CN¥216.31 Million +29.21%
1996-12-31 CN¥167.41 Million +27.34%
1995-12-31 CN¥131.47 Million +30.95%
1994-12-31 CN¥100.39 Million +11.03%
1993-12-31 CN¥90.42 Million --

Equity Component Analysis

This analysis shows how different components contribute to Hengyi Petrochemical 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 grown by 8088142.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥12.08 Billion 48.81%
Common Stock CN¥3.67 Billion 14.82%
Other Components CN¥9.00 Billion 36.37%
Total Equity CN¥24.74 Billion 100.00%

Hengyi Petrochemical Co Ltd Competitors by Market Cap

The table below lists competitors of Hengyi Petrochemical Co Ltd ranked by their market capitalization.

Company Market Cap
SIX FLAGS E.
F:6FE0
 		$1.42 Billion
Jiangsu Dingsheng New Material Joint-Stock Co Ltd
SHG:603876
 		$1.42 Billion
Fujian Huoju Electronic
SHG:603678
 		$1.42 Billion
Fujian Sunner Development Co Ltd
SHE:002299
 		$1.42 Billion
Talos Energy Inc
F:7T2
 		$1.42 Billion
Jiujiang Defu Technology Co Ltd Ordinary Shares - Class A
SHE:301511
 		$1.42 Billion
Viva Energy Group Ltd
AU:VEA
 		$1.41 Billion
SCHNEIDER NATL.INC. CL.B
F:SNIA
 		$1.41 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hengyi Petrochemical Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 24,052,119,069 to 24,742,052,000, a change of 689,932,931 (2.9%).
  • Net income of 233,939,348 contributed positively to equity growth.
  • Dividend payments of 2,702,270,253 reduced retained earnings.
  • Share repurchases of 817,854,843 reduced equity.
  • Other factors increased equity by 3,976,118,679.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥233.94 Million +0.95%
Dividends Paid CN¥2.70 Billion -10.92%
Share Repurchases CN¥817.85 Million -3.31%
Other Changes CN¥3.98 Billion +16.07%
Total Change CN¥- 2.87%

Book Value vs Market Value Analysis

This analysis compares Hengyi Petrochemical 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: 1.54x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 69.35x to 1.54x 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¥0.16 CN¥11.40 x
1994-12-31 CN¥0.18 CN¥11.40 x
1995-12-31 CN¥0.22 CN¥11.40 x
1996-12-31 CN¥0.28 CN¥11.40 x
1997-12-31 CN¥0.37 CN¥11.40 x
1998-12-31 CN¥0.41 CN¥11.40 x
1999-12-31 CN¥0.45 CN¥11.40 x
2000-12-31 CN¥0.48 CN¥11.40 x
2001-12-31 CN¥0.49 CN¥11.40 x
2002-12-31 CN¥0.50 CN¥11.40 x
2003-12-31 CN¥0.36 CN¥11.40 x
2004-12-31 CN¥0.37 CN¥11.40 x
2005-12-31 CN¥0.34 CN¥11.40 x
2006-12-31 CN¥0.47 CN¥11.40 x
2007-12-31 CN¥0.40 CN¥11.40 x
2008-12-31 CN¥0.37 CN¥11.40 x
2009-12-31 CN¥0.34 CN¥11.40 x
2010-12-31 CN¥0.11 CN¥11.40 x
2011-12-31 CN¥2.76 CN¥11.40 x
2012-12-31 CN¥2.33 CN¥11.40 x
2013-12-31 CN¥2.61 CN¥11.40 x
2014-12-31 CN¥2.43 CN¥11.40 x
2015-12-31 CN¥2.98 CN¥11.40 x
2016-12-31 CN¥4.41 CN¥11.40 x
2017-12-31 CN¥3.77 CN¥11.40 x
2018-12-31 CN¥5.56 CN¥11.40 x
2019-12-31 CN¥8.24 CN¥11.40 x
2020-12-31 CN¥6.57 CN¥11.40 x
2021-12-31 CN¥7.18 CN¥11.40 x
2022-12-31 CN¥7.23 CN¥11.40 x
2023-12-31 CN¥7.18 CN¥11.40 x
2024-12-31 CN¥7.40 CN¥11.40 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hengyi Petrochemical 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): 0.95%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.19%
  • • Asset Turnover: 1.17x
  • • Equity Multiplier: 4.35x
  • Recent ROE (0.95%) is below the historical average (7.56%), 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 27.06% 42.42% 0.34x 1.87x CN¥15.43 Million
1994 21.74% 36.78% 0.36x 1.63x CN¥11.78 Million
1995 17.75% 28.09% 0.42x 1.51x CN¥9.47 Million
1996 21.99% 22.55% 0.71x 1.38x CN¥18.76 Million
1997 21.36% 21.62% 0.73x 1.36x CN¥22.86 Million
1998 11.11% 34.18% 0.31x 1.05x CN¥2.50 Million
1999 9.08% 22.18% 0.28x 1.48x CN¥-2.29 Million
2000 7.54% 7.49% 0.49x 2.04x CN¥-6.44 Million
2001 5.65% 5.74% 0.37x 2.67x CN¥-11.70 Million
2002 3.65% 3.41% 0.33x 3.25x CN¥-17.54 Million
2003 -13.60% -16.53% 0.29x 2.83x CN¥-46.44 Million
2004 3.24% 6.64% 0.20x 2.41x CN¥-13.85 Million
2005 -10.17% -10.57% 0.28x 3.48x CN¥-37.35 Million
2006 1.24% 0.78% 0.77x 2.05x CN¥-16.43 Million
2007 16.33% 12.55% 0.76x 1.72x CN¥14.06 Million
2008 -7.75% -6.43% 0.71x 1.71x CN¥-36.58 Million
2009 -10.87% -10.98% 0.61x 1.63x CN¥-38.79 Million
2010 1.27% 0.01% 62.51x 1.57x CN¥-16.57 Million
2011 35.32% 6.09% 1.41x 4.12x CN¥1.38 Billion
2012 6.08% 0.96% 1.54x 4.11x CN¥-202.57 Million
2013 7.80% 1.39% 1.29x 4.35x CN¥-120.75 Million
2014 -7.01% -1.26% 1.05x 5.32x CN¥-855.56 Million
2015 2.95% 0.61% 1.20x 4.03x CN¥-440.63 Million
2016 7.60% 2.56% 1.18x 2.52x CN¥-262.07 Million
2017 14.08% 2.55% 1.98x 2.78x CN¥487.97 Million
2018 10.52% 2.13% 1.48x 3.35x CN¥92.31 Million
2019 13.72% 4.01% 0.93x 3.67x CN¥864.88 Million
2020 12.80% 3.55% 0.94x 3.84x CN¥671.34 Million
2021 13.05% 2.61% 1.23x 4.08x CN¥788.64 Million
2022 -4.24% -0.71% 1.36x 4.40x CN¥-3.62 Billion
2023 1.81% 0.32% 1.26x 4.49x CN¥-1.97 Billion
2024 0.95% 0.19% 1.17x 4.35x CN¥-2.24 Billion

Industry Comparison

This section compares Hengyi Petrochemical Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.

Industry Context

  • Industry: Specialty Chemicals
  • Average net assets among peers: $2,396,004,935
  • Average return on equity (ROE) among peers: 7.17%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hengyi Petrochemical Co Ltd (000703) CN¥29.30 Billion 27.06% 2.81x $1.42 Billion
Chongqing Sanxia Paints Co Ltd (000565) $221.32 Million 10.55% 0.74x $286.31 Million
Guangdong Xinhui Meida Nylon Co Ltd (000782) $1.24 Billion 2.83% 1.13x $360.02 Million
Luxi Chemical Group Co Ltd (000830) $11.32 Billion 15.26% 1.67x $2.27 Billion
China Minmetals Rare Earth Co Ltd (000831) $2.57 Billion -2.17% 0.02x $5.40 Billion
Anhui Guofeng Plastic Industry Co Ltd (000859) $1.65 Billion 5.07% 0.31x $873.36 Million
Cofco Biochemical Anhui Co Ltd (000930) $3.09 Billion 1.64% 1.12x $797.07 Million
Shandong Link Science and Technology Co Ltd (001207) $76.39 Million 0.00% 0.50x $339.46 Million
Zhejiang Bofay Elec Co Ltd (001255) $742.80 Million 1.78% 0.61x $172.58 Million
Guangdong Decro Film New (001378) $647.89 Million 29.53% 0.22x $237.12 Million