Daqing Huake Co Ltd (000985) - Net Assets
Based on the latest financial reports, Daqing Huake Co Ltd (000985) has net assets worth CN¥611.86 Million CNY (≈ $89.53 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¥722.20 Million ≈ $105.68 Million USD) and total liabilities (CN¥110.34 Million ≈ $16.15 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. Also explore 000985 asset base for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥611.86 Million |
| % of Total Assets | 84.72% |
| Annual Growth Rate | 6.22% |
| 5-Year Change | 2.12% |
| 10-Year Change | 16.69% |
| Growth Volatility | 34.54 |
Daqing Huake Co Ltd - Net Assets Trend (1997–2025)
This chart illustrates how Daqing Huake Co Ltd's net assets have evolved over time, based on quarterly financial data. Check how tangible is Daqing Huake Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Daqing Huake Co Ltd (1997–2025)
The table below shows the annual net assets of Daqing Huake Co Ltd from 1997 to 2025. For live valuation and market cap data, see how much is Daqing Huake Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥604.82 Million ≈ $88.50 Million |
+0.13% |
| 2024-12-31 | CN¥604.05 Million ≈ $88.39 Million |
+3.07% |
| 2023-12-31 | CN¥586.06 Million ≈ $85.76 Million |
-2.84% |
| 2022-12-31 | CN¥603.17 Million ≈ $88.26 Million |
+1.84% |
| 2021-12-31 | CN¥592.29 Million ≈ $86.67 Million |
+2.44% |
| 2020-12-31 | CN¥578.20 Million ≈ $84.61 Million |
+0.01% |
| 2019-12-31 | CN¥578.12 Million ≈ $84.60 Million |
+9.86% |
| 2018-12-31 | CN¥526.24 Million ≈ $77.01 Million |
-4.95% |
| 2017-12-31 | CN¥553.67 Million ≈ $81.02 Million |
+6.82% |
| 2016-12-31 | CN¥518.34 Million ≈ $75.85 Million |
+7.51% |
| 2015-12-31 | CN¥482.11 Million ≈ $70.55 Million |
-3.95% |
| 2014-12-31 | CN¥501.93 Million ≈ $73.45 Million |
+1.42% |
| 2013-12-31 | CN¥494.91 Million ≈ $72.42 Million |
+4.76% |
| 2012-12-31 | CN¥472.44 Million ≈ $69.13 Million |
-3.34% |
| 2011-12-31 | CN¥488.75 Million ≈ $71.52 Million |
+2.84% |
| 2010-12-31 | CN¥475.24 Million ≈ $69.54 Million |
+1.68% |
| 2009-12-31 | CN¥467.40 Million ≈ $68.39 Million |
+7.13% |
| 2008-12-31 | CN¥436.30 Million ≈ $63.84 Million |
-4.83% |
| 2007-12-31 | CN¥458.45 Million ≈ $67.09 Million |
+6.19% |
| 2006-12-31 | CN¥431.73 Million ≈ $63.18 Million |
+1.54% |
| 2005-12-31 | CN¥425.16 Million ≈ $62.21 Million |
+2.90% |
| 2004-12-31 | CN¥413.20 Million ≈ $60.46 Million |
+0.40% |
| 2003-12-31 | CN¥411.54 Million ≈ $60.22 Million |
+1.85% |
| 2002-12-31 | CN¥404.07 Million ≈ $59.13 Million |
+0.68% |
| 2001-12-31 | CN¥401.34 Million ≈ $58.73 Million |
+5.74% |
| 2000-12-31 | CN¥379.56 Million ≈ $55.54 Million |
+187.26% |
| 1999-12-31 | CN¥132.13 Million ≈ $19.34 Million |
+5.66% |
| 1998-12-31 | CN¥125.06 Million ≈ $18.30 Million |
+11.98% |
| 1997-12-31 | CN¥111.68 Million ≈ $16.34 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 11847537513.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥118.48 Million | 19.59% |
| Other Components | CN¥486.35 Million | 80.41% |
| Total Equity | CN¥604.82 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 |
|---|---|
|
Maritima De In
SN:MARINSA
|
$284.12 Million |
|
OmniAb Inc.
NASDAQ:OABI
|
$284.15 Million |
|
Minfeng Special Paper Co Ltd
SHG:600235
|
$284.28 Million |
|
Kordsa Global Endustriyel Iplik ve Kord Bezi Sanayi ve Ticaret AS
IS:KORDS
|
$284.29 Million |
|
Eaton Vance Floating Rate Income Closed Fund
NYSE:EFT
|
$283.85 Million |
|
Zhejiang Yangfan New Materials Co Ltd
SHE:300637
|
$283.74 Million |
|
DYNAGREEN EN.PR.GR.H YC 1
F:DYN
|
$283.64 Million |
|
FVCBankcorp Inc
NASDAQ:FVCB
|
$283.63 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 2024 to 2025, total equity changed from 604,052,648 to 604,822,326, a change of 769,678 (0.1%).
- Net income of 7,425,886 contributed positively to equity growth.
- Dividend payments of 8,426,568 reduced retained earnings.
- Other comprehensive income decreased equity by 121,634,617.
- Other factors increased equity by 123,404,977.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥7.43 Million | +1.23% |
| Dividends Paid | CN¥8.43 Million | -1.39% |
| Other Comprehensive Income | CN¥-121.63 Million | -20.11% |
| Other Changes | CN¥123.40 Million | +20.4% |
| Total Change | CN¥- | 0.13% |
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: 3.21x
- 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 17.43x to 3.21x 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¥14.97 | x |
| 1998-12-31 | CN¥0.96 | CN¥14.97 | x |
| 1999-12-31 | CN¥1.02 | CN¥14.97 | x |
| 2000-12-31 | CN¥2.92 | CN¥14.97 | x |
| 2001-12-31 | CN¥2.97 | CN¥14.97 | x |
| 2002-12-31 | CN¥4.77 | CN¥14.97 | x |
| 2003-12-31 | CN¥4.89 | CN¥14.97 | x |
| 2004-12-31 | CN¥4.92 | CN¥14.97 | x |
| 2005-12-31 | CN¥3.20 | CN¥14.97 | x |
| 2006-12-31 | CN¥3.41 | CN¥14.97 | x |
| 2007-12-31 | CN¥3.20 | CN¥14.97 | x |
| 2008-12-31 | CN¥2.61 | CN¥14.97 | x |
| 2009-12-31 | CN¥3.65 | CN¥14.97 | x |
| 2010-12-31 | CN¥3.61 | CN¥14.97 | x |
| 2011-12-31 | CN¥3.71 | CN¥14.97 | x |
| 2012-12-31 | CN¥3.64 | CN¥14.97 | x |
| 2013-12-31 | CN¥3.84 | CN¥14.97 | x |
| 2014-12-31 | CN¥3.87 | CN¥14.97 | x |
| 2015-12-31 | CN¥3.72 | CN¥14.97 | x |
| 2016-12-31 | CN¥4.04 | CN¥14.97 | x |
| 2017-12-31 | CN¥4.25 | CN¥14.97 | x |
| 2018-12-31 | CN¥3.65 | CN¥14.97 | x |
| 2019-12-31 | CN¥4.52 | CN¥14.97 | x |
| 2020-12-31 | CN¥4.48 | CN¥14.97 | x |
| 2021-12-31 | CN¥4.57 | CN¥14.97 | x |
| 2022-12-31 | CN¥4.66 | CN¥14.97 | x |
| 2023-12-31 | CN¥4.52 | CN¥14.97 | x |
| 2024-12-31 | CN¥4.66 | CN¥14.97 | x |
| 2025-12-31 | CN¥4.67 | CN¥14.97 | 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): 1.23%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.40%
- • Asset Turnover: 2.79x
- • Equity Multiplier: 1.09x
- Recent ROE (1.23%) is below the historical average (5.07%), 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 |
| 2025 | 1.23% | 0.40% | 2.79x | 1.09x | CN¥-53.06 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: $2,409,096,302
- Average return on equity (ROE) among peers: 6.39%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Daqing Huake Co Ltd (000985) | CN¥611.86 Million | 16.43% | 0.18x | $283.99 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $7.39 Billion | 0.27% | 3.43x | $1.08 Billion |
| Sichuan Chemical Co Ltd (000155) | $-1.60 Billion | 0.00% | 0.00x | $3.32 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $2.69 Billion | 5.91% | 0.33x | $11.74 Billion |
| Zangge Holding Co Ltd (000408) | $7.91 Billion | 3.90% | 0.22x | $18.37 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $451.72 Million | 16.44% | 0.89x | $1.26 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $1.88 Billion | -7.74% | 0.64x | $366.79 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $365.16 Million | 13.94% | 0.26x | $829.17 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $2.67 Billion | 1.91% | 0.16x | $371.42 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $132.67 Million | 24.35% | 1.07x | $286.80 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $2.21 Billion | 4.88% | 1.07x | $3.32 Billion |
About Daqing Huake Co Ltd
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