Daqing Huake Co Ltd

SHE:000985 China Chemicals
Market Cap
$355.67 Million
CN¥2.61 Billion CNY
Market Cap Rank
#17245 Global
#4500 in China
Share Price
CN¥20.13
Change (1 day)
-0.05%
52-Week Range
CN¥14.97 - CN¥24.70
All Time High
CN¥35.05
Categories
Companies in China Chemicals
About

Daqing Huake Company Limited develops, produces, and sells petrochemicals and fine chemicals in China. The company offers chemical products, including heavy aromatics, crude isopentene, crude isoprene, industrial acetonitrile, industrial dicyclopentadiene, light aromatics, pyrolysis heavy fraction, crude pentadiene, hydropentene, hot poly hydrocarbon resins, and liquid phase bulk polypropylene po… Read more

Daqing Huake Co Ltd (000985) - Net Assets

Latest net assets as of September 2025: CN¥614.99 Million CNY

Based on the latest financial reports, Daqing Huake Co Ltd (000985) has net assets worth CN¥614.99 Million 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¥729.38 Million) and total liabilities (CN¥114.38 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¥614.99 Million
% of Total Assets 84.32%
Annual Growth Rate 6.45%
5-Year Change 4.47%
10-Year Change 25.29%
Growth Volatility 35.14

Daqing Huake Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Daqing Huake 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 Daqing Huake Co Ltd (1997–2024)

The table below shows the annual net assets of Daqing Huake Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥604.05 Million +3.07%
2023-12-31 CN¥586.06 Million -2.84%
2022-12-31 CN¥603.17 Million +1.84%
2021-12-31 CN¥592.29 Million +2.44%
2020-12-31 CN¥578.20 Million +0.01%
2019-12-31 CN¥578.12 Million +9.86%
2018-12-31 CN¥526.24 Million -4.95%
2017-12-31 CN¥553.67 Million +6.82%
2016-12-31 CN¥518.34 Million +7.51%
2015-12-31 CN¥482.11 Million -3.95%
2014-12-31 CN¥501.93 Million +1.42%
2013-12-31 CN¥494.91 Million +4.76%
2012-12-31 CN¥472.44 Million -3.34%
2011-12-31 CN¥488.75 Million +2.84%
2010-12-31 CN¥475.24 Million +1.68%
2009-12-31 CN¥467.40 Million +7.13%
2008-12-31 CN¥436.30 Million -4.83%
2007-12-31 CN¥458.45 Million +6.19%
2006-12-31 CN¥431.73 Million +1.54%
2005-12-31 CN¥425.16 Million +2.90%
2004-12-31 CN¥413.20 Million +0.40%
2003-12-31 CN¥411.54 Million +1.85%
2002-12-31 CN¥404.07 Million +0.68%
2001-12-31 CN¥401.34 Million +5.74%
2000-12-31 CN¥379.56 Million +187.26%
1999-12-31 CN¥132.13 Million +5.66%
1998-12-31 CN¥125.06 Million +11.98%
1997-12-31 CN¥111.68 Million --

Equity Component Analysis

This analysis shows how different components contribute to Daqing Huake 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 12021864500.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥120.22 Million 19.90%
Common Stock CN¥129.64 Million 21.46%
Other Comprehensive Income CN¥121.63 Million 20.14%
Other Components CN¥232.56 Million 38.50%
Total Equity CN¥604.05 Million 100.00%

Daqing Huake Co Ltd Competitors by Market Cap

The table below lists competitors of Daqing Huake Co Ltd ranked by their market capitalization.

Company Market Cap
Federal Corp
TW:2102
 		$126.14 Million
MNRB Holdings Bhd
KLSE:6459
 		$126.14 Million
Nanjing OLO Home Furnishing
SHG:603326
 		$126.15 Million
Helixmith Co. Ltd
KQ:084990
 		$126.21 Million
Eurocharm Holdings Co Ltd
TW:5288
 		$126.01 Million
Cairn Energy PLC
PINK:CRNZF
 		$125.94 Million
Equity Commonwealth
NYSE:EQC
 		$125.93 Million
China Aircraft Leasing Group Holdings Limited
PINK:CFRLF
 		$125.92 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 586,056,936 to 604,052,648, a change of 17,995,712 (3.1%).
  • Net income of 14,795,386 contributed positively to equity growth.
  • Dividend payments of 2,333,511 reduced retained earnings.
  • Other comprehensive income increased equity by 7,013,374.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥14.80 Million +2.45%
Dividends Paid CN¥2.33 Million -0.39%
Other Comprehensive Income CN¥7.01 Million +1.16%
Other Changes CN¥-1.48 Million -0.24%
Total Change CN¥- 3.07%

Book Value vs Market Value Analysis

This analysis compares Daqing Huake 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: 4.32x
  • 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 23.44x to 4.32x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.86 CN¥20.13 x
1998-12-31 CN¥0.96 CN¥20.13 x
1999-12-31 CN¥1.02 CN¥20.13 x
2000-12-31 CN¥2.92 CN¥20.13 x
2001-12-31 CN¥2.97 CN¥20.13 x
2002-12-31 CN¥4.77 CN¥20.13 x
2003-12-31 CN¥4.89 CN¥20.13 x
2004-12-31 CN¥4.92 CN¥20.13 x
2005-12-31 CN¥3.20 CN¥20.13 x
2006-12-31 CN¥3.41 CN¥20.13 x
2007-12-31 CN¥3.20 CN¥20.13 x
2008-12-31 CN¥2.61 CN¥20.13 x
2009-12-31 CN¥3.65 CN¥20.13 x
2010-12-31 CN¥3.61 CN¥20.13 x
2011-12-31 CN¥3.71 CN¥20.13 x
2012-12-31 CN¥2.94 CN¥20.13 x
2013-12-31 CN¥3.84 CN¥20.13 x
2014-12-31 CN¥3.97 CN¥20.13 x
2015-12-31 CN¥3.77 CN¥20.13 x
2016-12-31 CN¥4.04 CN¥20.13 x
2017-12-31 CN¥4.25 CN¥20.13 x
2018-12-31 CN¥3.65 CN¥20.13 x
2019-12-31 CN¥4.46 CN¥20.13 x
2020-12-31 CN¥4.46 CN¥20.13 x
2021-12-31 CN¥4.57 CN¥20.13 x
2022-12-31 CN¥4.65 CN¥20.13 x
2023-12-31 CN¥4.52 CN¥20.13 x
2024-12-31 CN¥4.66 CN¥20.13 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Daqing Huake 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): 2.45%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.75%
  • • Asset Turnover: 2.82x
  • • Equity Multiplier: 1.15x
  • Recent ROE (2.45%) is below the historical average (5.21%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 16.43% 11.87% 0.85x 1.62x CN¥7.18 Million
1998 25.46% 14.51% 1.24x 1.41x CN¥19.33 Million
1999 22.03% 12.51% 1.29x 1.37x CN¥15.89 Million
2000 9.80% 9.30% 0.84x 1.25x CN¥-750.63K
2001 5.73% 5.84% 0.78x 1.25x CN¥-16.53 Million
2002 2.61% 2.08% 0.93x 1.34x CN¥-28.83 Million
2003 2.65% 1.73% 1.28x 1.20x CN¥-29.38 Million
2004 2.49% 1.40% 1.53x 1.16x CN¥-30.25 Million
2005 3.36% 1.87% 1.53x 1.17x CN¥-27.64 Million
2006 3.65% 1.90% 1.66x 1.16x CN¥-26.99 Million
2007 4.01% 1.89% 1.84x 1.15x CN¥-27.16 Million
2008 -2.69% -1.03% 2.39x 1.09x CN¥-55.16 Million
2009 6.02% 3.23% 1.71x 1.09x CN¥-18.60 Million
2010 5.54% 2.54% 1.99x 1.09x CN¥-21.18 Million
2011 5.12% 2.17% 1.98x 1.19x CN¥-23.84 Million
2012 -0.34% -0.13% 1.99x 1.27x CN¥-48.85 Million
2013 2.08% 0.88% 1.91x 1.24x CN¥-39.18 Million
2014 2.77% 0.98% 2.24x 1.27x CN¥-36.28 Million
2015 -3.45% -2.11% 1.30x 1.26x CN¥-64.84 Million
2016 6.43% 3.23% 1.56x 1.28x CN¥-18.49 Million
2017 8.70% 3.15% 2.18x 1.27x CN¥-7.21 Million
2018 -0.55% -0.17% 2.44x 1.32x CN¥-55.50 Million
2019 7.74% 2.07% 2.91x 1.28x CN¥-13.08 Million
2020 2.10% 0.69% 2.54x 1.20x CN¥-45.69 Million
2021 2.17% 0.62% 2.94x 1.19x CN¥-46.39 Million
2022 2.55% 0.59% 3.70x 1.17x CN¥-44.91 Million
2023 0.97% 0.28% 2.85x 1.20x CN¥-52.93 Million
2024 2.45% 0.75% 2.82x 1.15x CN¥-45.61 Million

Industry Comparison

This section compares Daqing Huake Co Ltd's net assets metrics with peer companies in the Chemicals industry.

Industry Context

  • Industry: Chemicals
  • Average net assets among peers: $2,626,916,213
  • Average return on equity (ROE) among peers: 12.41%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Daqing Huake Co Ltd (000985) CN¥614.99 Million 16.43% 0.19x $126.10 Million
North Huajin Chemical Industries Co Ltd (000059) $6.22 Billion 3.15% 2.45x $677.73 Million
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) $1.22 Billion 8.90% 0.47x $2.89 Billion
Zangge Holding Co Ltd (000408) $13.85 Billion 18.63% 0.09x $11.87 Billion
Sichuan Jinlu Group Co Ltd (000510) $31.03 Million 11.65% 3.42x $1.15 Billion
Jilin Gpro Titanium Industry Co Ltd (000545) $258.76 Million 6.78% 0.30x $423.89 Million
Aoyuan Beauty Valley Technology Co Ltd (000615) $54.68 Million 39.27% 1.16x $225.85 Million
Ningxia Younglight Chemicals Co Ltd (000635) $184.46 Million 13.30% 2.58x $295.21 Million
Maoming Petro-Chemical Shihua Co Ltd (000637) $691.87 Million 1.61% 0.02x $187.22 Million
Shenyang Chemical Industry Co Ltd (000698) $3.01 Billion 7.14% 1.28x $240.44 Million
Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) $759.12 Million 13.65% 0.22x $412.94 Million