Huagong Tech Co Ltd (000988) - Net Assets

Latest as of June 2025: CN¥10.59 Billion CNY ≈ $1.55 Billion USD

Based on the latest financial reports, Huagong Tech Co Ltd (000988) has net assets worth CN¥10.59 Billion CNY (≈ $1.55 Billion USD) 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 ≈ $3.08 Billion USD) and total liabilities (CN¥10.49 Billion ≈ $1.53 Billion 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 Huagong Tech Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore balance sheet size of Huagong Tech Co Ltd for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Huagong Tech Co Ltd market cap and net worth.

Year	Net Assets	Change
2024-12-31	CN¥10.28 Billion ≈ $1.50 Billion	+9.65%
2023-12-31	CN¥9.37 Billion ≈ $1.37 Billion	+13.43%
2022-12-31	CN¥8.26 Billion ≈ $1.21 Billion	+11.23%
2021-12-31	CN¥7.43 Billion ≈ $1.09 Billion	+11.04%
2020-12-31	CN¥6.69 Billion ≈ $978.99 Million	+7.04%
2019-12-31	CN¥6.25 Billion ≈ $914.59 Million	+7.73%
2018-12-31	CN¥5.80 Billion ≈ $848.97 Million	+9.06%
2017-12-31	CN¥5.32 Billion ≈ $778.45 Million	+63.42%
2016-12-31	CN¥3.26 Billion ≈ $476.34 Million	+8.02%
2015-12-31	CN¥3.01 Billion ≈ $440.97 Million	+4.36%
2014-12-31	CN¥2.89 Billion ≈ $422.55 Million	+6.23%
2013-12-31	CN¥2.72 Billion ≈ $397.78 Million	+3.43%
2012-12-31	CN¥2.63 Billion ≈ $384.58 Million	+3.03%
2011-12-31	CN¥2.55 Billion ≈ $373.26 Million	+38.19%
2010-12-31	CN¥1.85 Billion ≈ $270.11 Million	+7.11%
2009-12-31	CN¥1.72 Billion ≈ $252.17 Million	+48.09%
2008-12-31	CN¥1.16 Billion ≈ $170.28 Million	-4.33%
2007-12-31	CN¥1.22 Billion ≈ $177.99 Million	+47.21%
2006-12-31	CN¥826.26 Million ≈ $120.91 Million	+6.89%
2005-12-31	CN¥773.02 Million ≈ $113.12 Million	+2.73%
2004-12-31	CN¥752.45 Million ≈ $110.11 Million	+3.26%
2003-12-31	CN¥728.66 Million ≈ $106.63 Million	+6.43%
2002-12-31	CN¥684.66 Million ≈ $100.19 Million	+7.73%
2001-12-31	CN¥635.52 Million ≈ $93.00 Million	+8.39%
2000-12-31	CN¥586.33 Million ≈ $85.80 Million	+313.11%
1999-12-31	CN¥141.93 Million ≈ $20.77 Million	+33.00%
1998-12-31	CN¥106.72 Million ≈ $15.62 Million	+10.61%
1997-12-31	CN¥96.48 Million ≈ $14.12 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
CHINA SHENHUA EN.A ADR/4 F:IKFC	$20.14 Billion
Fubon Financial Holding Co Ltd Pref B TW:2881B	$20.15 Billion
Zangge Holding Co Ltd SHE:000408	$20.15 Billion
International Consolidated Airlines Group S.A MC:IAG	$20.16 Billion
Tbea Co Ltd SHG:600089	$20.11 Billion
Ningbo Deye Technology Co Ltd SHG:605117	$20.09 Billion
CH Robinson Worldwide Inc NASDAQ:CHRW	$20.09 Billion
SoFi Technologies Inc. NASDAQ:SOFI	$20.09 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: 13.50x
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 1046.90x to 13.50x 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¥136.69	x
1998-12-31	CN¥0.14	CN¥136.69	x
1999-12-31	CN¥0.19	CN¥136.69	x
2000-12-31	CN¥0.77	CN¥136.69	x
2001-12-31	CN¥0.79	CN¥136.69	x
2002-12-31	CN¥0.84	CN¥136.69	x
2003-12-31	CN¥0.90	CN¥136.69	x
2004-12-31	CN¥0.93	CN¥136.69	x
2005-12-31	CN¥0.96	CN¥136.69	x
2006-12-31	CN¥1.02	CN¥136.69	x
2007-12-31	CN¥1.60	CN¥136.69	x
2008-12-31	CN¥1.21	CN¥136.69	x
2009-12-31	CN¥1.98	CN¥136.69	x
2010-12-31	CN¥2.01	CN¥136.69	x
2011-12-31	CN¥3.00	CN¥136.69	x
2012-12-31	CN¥2.96	CN¥136.69	x
2013-12-31	CN¥3.02	CN¥136.69	x
2014-12-31	CN¥3.18	CN¥136.69	x
2015-12-31	CN¥3.32	CN¥136.69	x
2016-12-31	CN¥3.58	CN¥136.69	x
2017-12-31	CN¥5.80	CN¥136.69	x
2018-12-31	CN¥5.61	CN¥136.69	x
2019-12-31	CN¥6.11	CN¥136.69	x
2020-12-31	CN¥6.60	CN¥136.69	x
2021-12-31	CN¥7.35	CN¥136.69	x
2022-12-31	CN¥8.19	CN¥136.69	x
2023-12-31	CN¥9.11	CN¥136.69	x
2024-12-31	CN¥10.12	CN¥136.69	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: $3,512,920,803
Average return on equity (ROE) among peers: 7.92%

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	$20.11 Billion
XJ Electric Co Ltd (000400)	$12.38 Billion	9.02%	1.04x	$3.94 Billion
Guangdong Macro Co Ltd (000533)	$458.00 Million	10.69%	4.94x	$1.36 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$5.06 Billion	1.06%	0.20x	$1.04 Billion
Dongfang Electronics Co Ltd (000682)	$1.31 Billion	1.12%	0.18x	$2.64 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$252.43 Million	22.90%	1.38x	$1.05 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.54 Billion	5.61%	1.58x	$1.92 Billion
Sieyuan Electric Co Ltd (002028)	$1.88 Billion	14.48%	0.53x	$22.64 Billion
Shanghai Welltech Automation Co Ltd (002058)	$180.55 Million	-0.36%	0.21x	$555.84 Million
Gotion High tech Co Ltd (002074)	$8.55 Billion	6.79%	1.41x	$9.88 Billion

About Huagong Tech Co Ltd

SHE:000988 China Electrical Equipment & Parts

Market Cap

$20.11 Billion

CN¥137.44 Billion CNY

Market Cap Rank

#1280 Global

#116 in China

Share Price

CN¥136.69

Change (1 day)

+2.39%

52-Week Range

CN¥41.70 - CN¥136.69

All Time High

CN¥136.69