Huagong Tech Co Ltd

SHE:000988 China Electrical Equipment & Parts
Market Cap
$15.73 Billion
CN¥115.41 Billion CNY
Market Cap Rank
#1719 Global
#90 in China
Share Price
CN¥114.78
Change (1 day)
+3.29%
52-Week Range
CN¥33.83 - CN¥134.88
All Time High
CN¥134.88
Categories
Companies in China Electrical Equipment & Parts
About

Huagong Tech Company Limited manufactures and sells laser equipment, hologram products, optical communication devices, and electronic components in China and internationally. It operates through four divisions: Laser Processing Equipment and Intelligent Manufacturing Production and Sales Division; Optoelectronic Devices Production and Sales Division; Sensitive Components Production and Sales Divi… Read more

Huagong Tech Co Ltd (000988) - Net Assets

Latest net assets as of June 2025: CN¥10.59 Billion CNY

Based on the latest financial reports, Huagong Tech Co Ltd (000988) has net assets worth CN¥10.59 Billion CNY as of June 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥21.08 Billion) and total liabilities (CN¥10.49 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¥10.59 Billion
% of Total Assets 50.25%
Annual Growth Rate 18.87%
5-Year Change 53.62%
10-Year Change 241.05%
Growth Volatility 58.69

Huagong Tech Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Huagong Tech 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 Huagong Tech Co Ltd (1997–2024)

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

Year Net Assets Change
2024-12-31 CN¥10.28 Billion +9.65%
2023-12-31 CN¥9.37 Billion +13.43%
2022-12-31 CN¥8.26 Billion +11.23%
2021-12-31 CN¥7.43 Billion +11.04%
2020-12-31 CN¥6.69 Billion +7.04%
2019-12-31 CN¥6.25 Billion +7.73%
2018-12-31 CN¥5.80 Billion +9.06%
2017-12-31 CN¥5.32 Billion +63.42%
2016-12-31 CN¥3.26 Billion +8.02%
2015-12-31 CN¥3.01 Billion +4.36%
2014-12-31 CN¥2.89 Billion +6.23%
2013-12-31 CN¥2.72 Billion +3.43%
2012-12-31 CN¥2.63 Billion +3.03%
2011-12-31 CN¥2.55 Billion +38.19%
2010-12-31 CN¥1.85 Billion +7.11%
2009-12-31 CN¥1.72 Billion +48.09%
2008-12-31 CN¥1.16 Billion -4.33%
2007-12-31 CN¥1.22 Billion +47.21%
2006-12-31 CN¥826.26 Million +6.89%
2005-12-31 CN¥773.02 Million +2.73%
2004-12-31 CN¥752.45 Million +3.26%
2003-12-31 CN¥728.66 Million +6.43%
2002-12-31 CN¥684.66 Million +7.73%
2001-12-31 CN¥635.52 Million +8.39%
2000-12-31 CN¥586.33 Million +313.11%
1999-12-31 CN¥141.93 Million +33.00%
1998-12-31 CN¥106.72 Million +10.61%
1997-12-31 CN¥96.48 Million --

Equity Component Analysis

This analysis shows how different components contribute to Huagong Tech 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 629172662387.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥6.29 Billion 61.82%
Other Components CN¥3.89 Billion 38.18%
Total Equity CN¥10.18 Billion 100.00%

Huagong Tech Co Ltd Competitors by Market Cap

The table below lists competitors of Huagong Tech Co Ltd ranked by their market capitalization.

Company Market Cap
TTM Technologies Inc
NASDAQ:TTMI
 		$9.70 Billion
Equitable Holdings Inc
F:AXJ
 		$9.71 Billion
OGE Energy Corporation
NYSE:OGE
 		$9.71 Billion
Evolution AB (publ)
PINK:EVGGF
 		$9.72 Billion
Insurance Australia Group Ltd
AU:IAG
 		$9.69 Billion
Unipol Gruppo Finanziario Spa
F:UIPN
 		$9.69 Billion
NIO INC. CL. A DL -00025
F:N3I
 		$9.69 Billion
Samsung Fire And Marine Ins Pref
KO:000815
 		$9.66 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 9,157,194,760 to 10,177,498,428, a change of 1,020,303,668 (11.1%).
  • Net income of 1,220,749,896 contributed positively to equity growth.
  • Dividend payments of 226,989,411 reduced retained earnings.
  • Other comprehensive income decreased equity by 288,816,782.
  • Other factors increased equity by 315,359,965.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.22 Billion +11.99%
Dividends Paid CN¥226.99 Million -2.23%
Other Comprehensive Income CN¥-288.82 Million -2.84%
Other Changes CN¥315.36 Million +3.1%
Total Change CN¥- 11.14%

Book Value vs Market Value Analysis

This analysis compares Huagong Tech 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: 11.34x
  • 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 879.09x to 11.34x 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¥0.13 CN¥114.78 x
1998-12-31 CN¥0.14 CN¥114.78 x
1999-12-31 CN¥0.19 CN¥114.78 x
2000-12-31 CN¥0.77 CN¥114.78 x
2001-12-31 CN¥0.79 CN¥114.78 x
2002-12-31 CN¥0.84 CN¥114.78 x
2003-12-31 CN¥0.90 CN¥114.78 x
2004-12-31 CN¥0.93 CN¥114.78 x
2005-12-31 CN¥0.96 CN¥114.78 x
2006-12-31 CN¥1.02 CN¥114.78 x
2007-12-31 CN¥1.60 CN¥114.78 x
2008-12-31 CN¥1.21 CN¥114.78 x
2009-12-31 CN¥1.98 CN¥114.78 x
2010-12-31 CN¥2.01 CN¥114.78 x
2011-12-31 CN¥3.00 CN¥114.78 x
2012-12-31 CN¥2.96 CN¥114.78 x
2013-12-31 CN¥3.02 CN¥114.78 x
2014-12-31 CN¥3.18 CN¥114.78 x
2015-12-31 CN¥3.32 CN¥114.78 x
2016-12-31 CN¥3.58 CN¥114.78 x
2017-12-31 CN¥5.80 CN¥114.78 x
2018-12-31 CN¥5.61 CN¥114.78 x
2019-12-31 CN¥6.11 CN¥114.78 x
2020-12-31 CN¥6.60 CN¥114.78 x
2021-12-31 CN¥7.35 CN¥114.78 x
2022-12-31 CN¥8.19 CN¥114.78 x
2023-12-31 CN¥9.11 CN¥114.78 x
2024-12-31 CN¥10.12 CN¥114.78 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Huagong Tech 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): 11.99%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 10.43%
  • • Asset Turnover: 0.56x
  • • Equity Multiplier: 2.05x
  • Recent ROE (11.99%) is above the historical average (8.87%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 19.28% 31.83% 0.49x 1.24x CN¥8.88 Million
1998 20.91% 27.31% 0.60x 1.27x CN¥11.59 Million
1999 21.59% 32.72% 0.50x 1.31x CN¥16.40 Million
2000 8.92% 27.81% 0.23x 1.41x CN¥-6.10 Million
2001 7.89% 15.31% 0.36x 1.42x CN¥-12.19 Million
2002 6.55% 11.65% 0.33x 1.71x CN¥-21.28 Million
2003 5.70% 9.40% 0.34x 1.77x CN¥-28.38 Million
2004 6.08% 7.18% 0.45x 1.88x CN¥-26.81 Million
2005 4.96% 5.84% 0.43x 1.96x CN¥-35.57 Million
2006 4.74% 4.90% 0.46x 2.10x CN¥-39.18 Million
2007 3.87% 4.49% 0.43x 2.03x CN¥-71.17 Million
2008 6.17% 4.66% 0.50x 2.63x CN¥-35.00 Million
2009 10.04% 10.29% 0.49x 1.99x CN¥590.01K
2010 15.42% 12.41% 0.61x 2.05x CN¥88.31 Million
2011 8.33% 9.58% 0.60x 1.45x CN¥-42.14 Million
2012 5.74% 8.56% 0.44x 1.52x CN¥-111.44 Million
2013 1.99% 2.97% 0.43x 1.57x CN¥-212.81 Million
2014 5.97% 7.15% 0.50x 1.66x CN¥-113.71 Million
2015 5.12% 5.76% 0.52x 1.70x CN¥-143.96 Million
2016 7.25% 6.94% 0.59x 1.76x CN¥-86.96 Million
2017 6.20% 7.23% 0.52x 1.64x CN¥-198.54 Million
2018 4.99% 5.42% 0.60x 1.54x CN¥-285.00 Million
2019 8.19% 9.21% 0.57x 1.57x CN¥-111.20 Million
2020 8.29% 8.97% 0.55x 1.67x CN¥-113.31 Million
2021 10.30% 7.49% 0.73x 1.88x CN¥22.10 Million
2022 11.00% 7.54% 0.72x 2.04x CN¥82.19 Million
2023 11.00% 9.91% 0.58x 1.90x CN¥91.18 Million
2024 11.99% 10.43% 0.56x 2.05x CN¥203.00 Million

Industry Comparison

This section compares Huagong Tech Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

  • Industry: Electrical Equipment & Parts
  • Average net assets among peers: $2,581,644,188
  • Average return on equity (ROE) among peers: 11.04%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Huagong Tech Co Ltd (000988) CN¥10.59 Billion 19.28% 0.99x $9.70 Billion
XJ Electric Co Ltd (000400) $7.55 Billion 11.51% 0.89x $2.54 Billion
Guangdong Macro Co Ltd (000533) $971.33 Million 13.39% 1.48x $880.32 Million
Foshan Electrical and Lighting Co Ltd (000541) $2.39 Billion 11.14% 0.11x $703.62 Million
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $1.47 Billion 5.33% 0.99x $366.05 Million
Hunan Valin Wire & Cable Co Ltd (001208) $873.58 Million 10.72% 0.86x $889.01 Million
Shijiazhuang Shangtai Technology Co. Ltd. A (001301) $5.66 Billion 12.76% 0.31x $1.58 Billion
Guangdong Xinyaguang Cable Co (001382) $1.22 Billion 11.09% 0.26x $212.27 Million
Sieyuan Electric Co Ltd (002028) $2.91 Billion 32.63% 0.33x $15.18 Billion
Shanghai Welltech Automation Co Ltd (002058) $186.06 Million -9.17% 0.66x $222.14 Million