Daqing Huake Co Ltd (000985) - Net Assets

Latest as of September 2025: CN¥614.99 Million CNY ≈ $89.99 Million USD

Based on the latest financial reports, Daqing Huake Co Ltd (000985) has net assets worth CN¥614.99 Million CNY (≈ $89.99 Million 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¥729.38 Million ≈ $106.73 Million USD) and total liabilities (CN¥114.38 Million ≈ $16.74 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 asset resilience ratio of Daqing Huake Co Ltd to evaluate the company's liquid asset resilience ratio.

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. Also explore Daqing Huake Co Ltd (000985) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 000985 stock market capitalisation.

Year	Net Assets	Change
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 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
Shanghai HYP-ARCH Architectural Design Consultant Co.Ltd. SHE:301024	$383.81 Million
Meteoric Resources NL AU:MEI	$383.86 Million
HEIDELB.DRUCK.UNS.ADR 1/2 F:HDDF	$383.88 Million
IEI Integration Corp TW:3022	$383.90 Million
Djurslands Bank CO:DJUR	$383.69 Million
Companhia Brasileira de Distribuição MX:CBDN	$383.53 Million
Sysgration Ltd TWO:5309	$383.52 Million
XiAn Dagang Road Machinery Co SHE:300103	$383.42 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: 4.34x
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 23.56x to 4.34x 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¥20.23	x
1998-12-31	CN¥0.96	CN¥20.23	x
1999-12-31	CN¥1.02	CN¥20.23	x
2000-12-31	CN¥2.92	CN¥20.23	x
2001-12-31	CN¥2.97	CN¥20.23	x
2002-12-31	CN¥4.77	CN¥20.23	x
2003-12-31	CN¥4.89	CN¥20.23	x
2004-12-31	CN¥4.92	CN¥20.23	x
2005-12-31	CN¥3.20	CN¥20.23	x
2006-12-31	CN¥3.41	CN¥20.23	x
2007-12-31	CN¥3.20	CN¥20.23	x
2008-12-31	CN¥2.61	CN¥20.23	x
2009-12-31	CN¥3.65	CN¥20.23	x
2010-12-31	CN¥3.61	CN¥20.23	x
2011-12-31	CN¥3.71	CN¥20.23	x
2012-12-31	CN¥2.94	CN¥20.23	x
2013-12-31	CN¥3.84	CN¥20.23	x
2014-12-31	CN¥3.97	CN¥20.23	x
2015-12-31	CN¥3.77	CN¥20.23	x
2016-12-31	CN¥4.04	CN¥20.23	x
2017-12-31	CN¥4.25	CN¥20.23	x
2018-12-31	CN¥3.65	CN¥20.23	x
2019-12-31	CN¥4.46	CN¥20.23	x
2020-12-31	CN¥4.46	CN¥20.23	x
2021-12-31	CN¥4.57	CN¥20.23	x
2022-12-31	CN¥4.65	CN¥20.23	x
2023-12-31	CN¥4.52	CN¥20.23	x
2024-12-31	CN¥4.66	CN¥20.23	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: $2,526,275,526
Average return on equity (ROE) among peers: 14.16%

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	$383.77 Million
North Huajin Chemical Industries Co Ltd (000059)	$12.66 Billion	14.57%	1.45x	$1.33 Billion
Sichuan Chemical Co Ltd (000155)	$7.35 Billion	4.73%	1.50x	$4.71 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$246.65 Million	3.47%	1.71x	$12.84 Billion
Zangge Holding Co Ltd (000408)	$477.67 Million	1.53%	1.45x	$20.51 Billion
Sichuan Jinlu Group Co Ltd (000510)	$1.17 Billion	5.97%	1.33x	$1.34 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$313.50 Million	0.80%	0.55x	$436.10 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$54.68 Million	39.27%	1.16x	$871.02 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$2.67 Billion	1.91%	0.16x	$470.62 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$220.98 Million	19.06%	0.40x	$366.68 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$93.73 Million	50.32%	1.49x	$4.87 Billion

About Daqing Huake Co Ltd

SHE:000985 China Chemicals

Market Cap

$383.77 Million

CN¥2.62 Billion CNY

Market Cap Rank

#13875 Global

#4370 in China

Share Price

CN¥20.23

Change (1 day)

-0.30%

52-Week Range

CN¥17.17 - CN¥24.70

All Time High

CN¥35.05