HBIS Resources Co Ltd (000923) - Net Assets
Based on the latest financial reports, HBIS Resources Co Ltd (000923) has net assets worth CN¥13.74 Billion CNY (≈ $2.01 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 (CN¥18.19 Billion ≈ $2.66 Billion USD) and total liabilities (CN¥4.44 Billion ≈ $650.23 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 000923 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥13.74 Billion |
| % of Total Assets | 75.57% |
| Annual Growth Rate | 17.77% |
| 5-Year Change | 29.23% |
| 10-Year Change | 2922.56% |
| Growth Volatility | 383.92 |
HBIS Resources Co Ltd - Net Assets Trend (1996–2024)
This chart illustrates how HBIS Resources Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of HBIS Resources Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for HBIS Resources Co Ltd (1996–2024)
The table below shows the annual net assets of HBIS Resources Co Ltd from 1996 to 2024. For live valuation and market cap data, see HBIS Resources Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥12.73 Billion ≈ $1.86 Billion |
+4.44% |
| 2023-12-31 | CN¥12.19 Billion ≈ $1.78 Billion |
+2.21% |
| 2022-12-31 | CN¥11.93 Billion ≈ $1.75 Billion |
+11.01% |
| 2021-12-31 | CN¥10.74 Billion ≈ $1.57 Billion |
+9.06% |
| 2020-12-31 | CN¥9.85 Billion ≈ $1.44 Billion |
+4.34% |
| 2019-12-31 | CN¥9.44 Billion ≈ $1.38 Billion |
+12.90% |
| 2018-12-31 | CN¥8.36 Billion ≈ $1.22 Billion |
-5.64% |
| 2017-12-31 | CN¥8.86 Billion ≈ $1.30 Billion |
+2072.72% |
| 2016-12-31 | CN¥407.94 Million ≈ $59.70 Million |
-3.15% |
| 2015-12-31 | CN¥421.21 Million ≈ $61.64 Million |
-6.28% |
| 2014-12-31 | CN¥449.43 Million ≈ $65.77 Million |
-13.99% |
| 2013-12-31 | CN¥522.53 Million ≈ $76.46 Million |
-12.50% |
| 2012-12-31 | CN¥597.15 Million ≈ $87.38 Million |
+2.82% |
| 2011-12-31 | CN¥580.77 Million ≈ $84.99 Million |
-6.41% |
| 2010-12-31 | CN¥620.55 Million ≈ $90.81 Million |
+16.89% |
| 2009-12-31 | CN¥530.86 Million ≈ $77.68 Million |
+16.43% |
| 2008-12-31 | CN¥455.95 Million ≈ $66.72 Million |
-14.01% |
| 2007-12-31 | CN¥530.23 Million ≈ $77.59 Million |
+40.94% |
| 2006-12-31 | CN¥376.21 Million ≈ $55.05 Million |
+1.13% |
| 2005-12-31 | CN¥372.01 Million ≈ $54.44 Million |
-10.50% |
| 2004-12-31 | CN¥415.63 Million ≈ $60.82 Million |
-0.53% |
| 2003-12-31 | CN¥417.86 Million ≈ $61.15 Million |
+1.04% |
| 2002-12-31 | CN¥413.56 Million ≈ $60.52 Million |
+1.92% |
| 2001-12-31 | CN¥405.78 Million ≈ $59.38 Million |
+3.74% |
| 2000-12-31 | CN¥391.17 Million ≈ $57.24 Million |
+0.14% |
| 1999-12-31 | CN¥390.61 Million ≈ $57.16 Million |
+106.12% |
| 1998-12-31 | CN¥189.51 Million ≈ $27.73 Million |
+41.34% |
| 1997-12-31 | CN¥134.08 Million ≈ $19.62 Million |
+2.79% |
| 1996-12-31 | CN¥130.44 Million ≈ $19.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HBIS Resources 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 541390533300.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.41 Billion | 56.25% |
| Common Stock | CN¥652.73 Million | 6.78% |
| Other Comprehensive Income | CN¥-1.19 Billion | -12.34% |
| Other Components | CN¥4.75 Billion | 49.31% |
| Total Equity | CN¥9.63 Billion | 100.00% |
HBIS Resources Co Ltd Competitors by Market Cap
The table below lists competitors of HBIS Resources Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alembic Pharmaceuticals Limited
NSE:APLLTD
|
$1.60 Billion |
|
C&S Paper Co Ltd
SHE:002511
|
$1.61 Billion |
|
IBI Inv House
TA:IBI
|
$1.61 Billion |
|
Shenzhen Noposion Agrochemicals Co Ltd
SHE:002215
|
$1.61 Billion |
|
Beijing Lier High Temperature Materials Co Ltd
SHE:002392
|
$1.60 Billion |
|
BlackRock Science and Technology Trust II
NYSE:BSTZ
|
$1.60 Billion |
|
Interface Inc
NASDAQ:TILE
|
$1.60 Billion |
|
AFFIN Holdings Bhd
KLSE:5185
|
$1.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HBIS Resources Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 9,201,167,353 to 9,625,224,098, a change of 424,056,745 (4.6%).
- Net income of 566,160,107 contributed positively to equity growth.
- Dividend payments of 391,637,377 reduced retained earnings.
- Other comprehensive income increased equity by 282,800,981.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥566.16 Million | +5.88% |
| Dividends Paid | CN¥391.64 Million | -4.07% |
| Other Comprehensive Income | CN¥282.80 Million | +2.94% |
| Other Changes | CN¥-33.27 Million | -0.35% |
| Total Change | CN¥- | 4.61% |
Book Value vs Market Value Analysis
This analysis compares HBIS Resources 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: 1.14x
- 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 21.26x to 1.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1996-12-31 | CN¥0.79 | CN¥16.80 | x |
| 1997-12-31 | CN¥0.81 | CN¥16.80 | x |
| 1998-12-31 | CN¥1.15 | CN¥16.80 | x |
| 1999-12-31 | CN¥2.37 | CN¥16.80 | x |
| 2000-12-31 | CN¥2.37 | CN¥16.80 | x |
| 2001-12-31 | CN¥2.46 | CN¥16.80 | x |
| 2002-12-31 | CN¥2.50 | CN¥16.80 | x |
| 2003-12-31 | CN¥2.53 | CN¥16.80 | x |
| 2004-12-31 | CN¥2.52 | CN¥16.80 | x |
| 2005-12-31 | CN¥2.25 | CN¥16.80 | x |
| 2006-12-31 | CN¥2.26 | CN¥16.80 | x |
| 2007-12-31 | CN¥3.21 | CN¥16.80 | x |
| 2008-12-31 | CN¥2.31 | CN¥16.80 | x |
| 2009-12-31 | CN¥2.68 | CN¥16.80 | x |
| 2010-12-31 | CN¥3.13 | CN¥16.80 | x |
| 2011-12-31 | CN¥2.93 | CN¥16.80 | x |
| 2012-12-31 | CN¥3.02 | CN¥16.80 | x |
| 2013-12-31 | CN¥2.64 | CN¥16.80 | x |
| 2014-12-31 | CN¥2.27 | CN¥16.80 | x |
| 2015-12-31 | CN¥2.42 | CN¥16.80 | x |
| 2016-12-31 | CN¥0.91 | CN¥16.80 | x |
| 2017-12-31 | CN¥12.70 | CN¥16.80 | x |
| 2018-12-31 | CN¥9.73 | CN¥16.80 | x |
| 2019-12-31 | CN¥11.02 | CN¥16.80 | x |
| 2020-12-31 | CN¥11.38 | CN¥16.80 | x |
| 2021-12-31 | CN¥12.33 | CN¥16.80 | x |
| 2022-12-31 | CN¥13.72 | CN¥16.80 | x |
| 2023-12-31 | CN¥14.10 | CN¥16.80 | x |
| 2024-12-31 | CN¥14.75 | CN¥16.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HBIS Resources 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): 5.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.14%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 1.70x
- Recent ROE (5.88%) is below the historical average (6.04%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1996 | 12.08% | 5.88% | 0.77x | 2.67x | CN¥2.72 Million |
| 1997 | 18.10% | 6.66% | 0.93x | 2.91x | CN¥10.86 Million |
| 1998 | 12.13% | 5.93% | 0.91x | 2.26x | CN¥4.04 Million |
| 1999 | 7.28% | 8.35% | 0.52x | 1.69x | CN¥-10.63 Million |
| 2000 | 6.47% | 8.04% | 0.46x | 1.75x | CN¥-13.81 Million |
| 2001 | 3.60% | 3.94% | 0.52x | 1.74x | CN¥-25.98 Million |
| 2002 | 1.57% | 1.59% | 0.50x | 1.96x | CN¥-34.81 Million |
| 2003 | 0.99% | 0.67% | 0.77x | 1.94x | CN¥-37.60 Million |
| 2004 | 0.55% | 0.46% | 0.60x | 1.98x | CN¥-39.28 Million |
| 2005 | -11.73% | -10.20% | 0.52x | 2.21x | CN¥-80.83 Million |
| 2006 | 0.21% | 0.13% | 0.75x | 2.07x | CN¥-36.84 Million |
| 2007 | 2.08% | 1.94% | 0.57x | 1.88x | CN¥-41.98 Million |
| 2008 | 1.02% | 0.72% | 0.67x | 2.11x | CN¥-40.93 Million |
| 2009 | 2.47% | 2.26% | 0.54x | 2.01x | CN¥-39.98 Million |
| 2010 | 3.20% | 2.77% | 0.64x | 1.81x | CN¥-42.22 Million |
| 2011 | 1.78% | 1.81% | 0.45x | 2.21x | CN¥-47.77 Million |
| 2012 | 0.90% | 1.27% | 0.29x | 2.42x | CN¥-54.32 Million |
| 2013 | 0.78% | 1.10% | 0.24x | 2.92x | CN¥-48.15 Million |
| 2014 | -16.03% | -29.58% | 0.17x | 3.26x | CN¥-117.01 Million |
| 2015 | 0.17% | 0.27% | 0.17x | 3.47x | CN¥-41.42 Million |
| 2016 | 61.88% | 6.50% | 2.75x | 3.45x | CN¥211.66 Million |
| 2017 | 3.67% | 4.46% | 0.40x | 2.07x | CN¥-414.79 Million |
| 2018 | 2.11% | 2.70% | 0.40x | 1.95x | CN¥-501.26 Million |
| 2019 | 7.35% | 9.11% | 0.45x | 1.79x | CN¥-190.33 Million |
| 2020 | 13.08% | 16.36% | 0.44x | 1.81x | CN¥228.66 Million |
| 2021 | 16.17% | 19.82% | 0.47x | 1.74x | CN¥496.78 Million |
| 2022 | 7.44% | 13.19% | 0.33x | 1.72x | CN¥-229.29 Million |
| 2023 | 9.92% | 15.55% | 0.37x | 1.72x | CN¥-7.65 Million |
| 2024 | 5.88% | 10.14% | 0.34x | 1.70x | CN¥-396.36 Million |
Industry Comparison
This section compares HBIS Resources Co Ltd's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $4,535,883,129
- Average return on equity (ROE) among peers: 9.35%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HBIS Resources Co Ltd (000923) | CN¥13.74 Billion | 12.08% | 0.32x | $1.60 Billion |
| Zoomlion Heavy Industry Science and Technology Co Ltd (000157) | $1.66 Billion | 23.08% | 1.16x | $8.26 Billion |
| XCMG Construction Machinery Co Ltd (000425) | $432.44 Million | 9.34% | 1.91x | $17.11 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $17.17 Billion | 3.49% | 1.46x | $2.88 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $5.54 Billion | 19.91% | 2.30x | $2.61 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $1.18 Billion | 7.08% | 1.44x | $683.93 Million |
| Sinotruk Jinan Truck Co Ltd (000951) | $6.39 Billion | 14.04% | 3.23x | $3.76 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $547.44 Million | 3.75% | 1.51x | $1.04 Billion |
| Sunward Intelligent Equipment Co Ltd (002097) | $4.76 Billion | 1.05% | 3.39x | $1.56 Billion |
| Weihai Guangtai Airport Equipment Co Ltd (002111) | $3.14 Billion | 2.38% | 1.05x | $857.91 Million |
About HBIS Resources Co Ltd
HBIS Resources Co., Ltd. engages in the mining, processing, selling, and servicing of mineral products. It offers copper products, and iron and vermiculite ore products. The company was formerly known as XuanHua Construction Machinery Co.,Ltd. and changed its name to HBIS Resources Co., Ltd. in December 2019. HBIS Resources Co., Ltd. was founded in 1950 and is based in Zhangjiakou, China.