Hwaway Tech Corp Ltd
Hwaway Technology Corporation Limited engages in the research and development, production, and sale of elastic components in China and internationally. The company offers suspension springs, brake springs, stabilizer bars, high-stress raw materials, humanoid and industrial robots, luggage compartment support rods, clutch springs, small springs, shock absorber return springs, modification and afte… Read more
Hwaway Tech Corp Ltd (001380) - Net Assets
Latest net assets as of June 2025: CN¥1.82 Billion CNY
Based on the latest financial reports, Hwaway Tech Corp Ltd (001380) has net assets worth CN¥1.82 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¥2.67 Billion) and total liabilities (CN¥849.42 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¥1.82 Billion |
| % of Total Assets | 68.14% |
| Annual Growth Rate | 52.78% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 70.95 |
Hwaway Tech Corp Ltd - Net Assets Trend (2021–2024)
This chart illustrates how Hwaway Tech Corp 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 Hwaway Tech Corp Ltd (2021–2024)
The table below shows the annual net assets of Hwaway Tech Corp Ltd from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.71 Billion | +12.15% |
| 2023-12-31 | CN¥1.52 Billion | +166.20% |
| 2022-12-31 | CN¥572.79 Million | +19.49% |
| 2021-12-31 | CN¥479.36 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hwaway Tech Corp 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 165.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥587.08 Million | 34.76% |
| Other Components | CN¥1.10 Billion | 65.24% |
| Total Equity | CN¥1.69 Billion | 100.00% |
Hwaway Tech Corp Ltd Competitors by Market Cap
The table below lists competitors of Hwaway Tech Corp Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
PRIMIS FINANCIAL DL-01
F:7H80
|
$246.73 Million |
|
Sok Marketler Ticaret As
IS:SOKM
|
$246.75 Million |
|
CIMC Vehicles (Group) Co. Ltd.
SHE:301039
|
$246.92 Million |
|
Bonree Data Technology Co Ltd
SHG:688229
|
$246.92 Million |
|
Grab Holdings Limited Warrant
NASDAQ:GRABW
|
$246.68 Million |
|
MOIL Limited
NSE:MOIL
|
$246.60 Million |
|
HansBiomed Corporation
KQ:042520
|
$246.58 Million |
|
TomTom N.V
PINK:TMOAF
|
$246.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hwaway Tech Corp Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,511,691,568 to 1,688,760,366, a change of 177,068,799 (11.7%).
- Net income of 226,417,033 contributed positively to equity growth.
- Dividend payments of 40,026,859 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥226.42 Million | +13.41% |
| Dividends Paid | CN¥40.03 Million | -2.37% |
| Other Changes | CN¥-9.32 Million | -0.55% |
| Total Change | CN¥- | 11.71% |
Book Value vs Market Value Analysis
This analysis compares Hwaway Tech Corp 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: 3.54x
- 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 9.54x to 3.54x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CN¥2.31 | CN¥22.05 | x |
| 2022-12-31 | CN¥2.77 | CN¥22.05 | x |
| 2023-12-31 | CN¥5.58 | CN¥22.05 | x |
| 2024-12-31 | CN¥6.23 | CN¥22.05 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hwaway Tech Corp 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): 13.41%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.17%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 1.61x
- Recent ROE (13.41%) is below the historical average (14.36%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 13.18% | 8.62% | 0.82x | 1.87x | CN¥14.93 Million |
| 2022 | 20.00% | 12.66% | 0.80x | 1.97x | CN¥56.35 Million |
| 2023 | 10.85% | 13.20% | 0.54x | 1.53x | CN¥12.90 Million |
| 2024 | 13.41% | 12.17% | 0.69x | 1.61x | CN¥57.54 Million |
Industry Comparison
This section compares Hwaway Tech Corp Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hwaway Tech Corp Ltd (001380) | CN¥1.82 Billion | 13.18% | 0.47x | $246.71 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |