Huangshan Novel Co Ltd (002014) - Net Assets

Latest as of March 2026: CN¥2.61 Billion CNY ≈ $382.56 Million USD

Based on the latest financial reports, Huangshan Novel Co Ltd (002014) has net assets worth CN¥2.61 Billion CNY (≈ $382.56 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¥4.21 Billion ≈ $616.36 Million USD) and total liabilities (CN¥1.60 Billion ≈ $233.81 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 tangible net worth ratio of Huangshan Novel Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.61 Billion
% of Total Assets	62.07%
Annual Growth Rate	14.76%
5-Year Change	16.25%
10-Year Change	43.78%
Growth Volatility	30.21

Huangshan Novel Co Ltd - Net Assets Trend (2001–2025)

This chart illustrates how Huangshan Novel Co Ltd's net assets have evolved over time, based on quarterly financial data. See Huangshan Novel Co Ltd (002014) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Huangshan Novel Co Ltd (2001–2025)

The table below shows the annual net assets of Huangshan Novel Co Ltd from 2001 to 2025. For live valuation and market cap data, see 002014 market cap.

Year	Net Assets	Change
2025-12-31	CN¥2.52 Billion ≈ $369.40 Million	-4.25%
2024-12-31	CN¥2.64 Billion ≈ $385.81 Million	+5.26%
2023-12-31	CN¥2.50 Billion ≈ $366.52 Million	+7.74%
2022-12-31	CN¥2.32 Billion ≈ $340.19 Million	+7.06%
2021-12-31	CN¥2.17 Billion ≈ $317.75 Million	+6.89%
2020-12-31	CN¥2.03 Billion ≈ $297.27 Million	+7.19%
2019-12-31	CN¥1.90 Billion ≈ $277.32 Million	+1.18%
2018-12-31	CN¥1.87 Billion ≈ $274.10 Million	+4.27%
2017-12-31	CN¥1.80 Billion ≈ $262.87 Million	+2.31%
2016-12-31	CN¥1.76 Billion ≈ $256.92 Million	+7.54%
2015-12-31	CN¥1.63 Billion ≈ $238.90 Million	+4.62%
2014-12-31	CN¥1.56 Billion ≈ $228.36 Million	+3.61%
2013-12-31	CN¥1.51 Billion ≈ $220.41 Million	+6.50%
2012-12-31	CN¥1.41 Billion ≈ $206.96 Million	+63.30%
2011-12-31	CN¥866.09 Million ≈ $126.74 Million	+12.35%
2010-12-31	CN¥770.86 Million ≈ $112.80 Million	+10.35%
2009-12-31	CN¥698.53 Million ≈ $102.22 Million	+10.93%
2008-12-31	CN¥629.71 Million ≈ $92.15 Million	+6.75%
2007-12-31	CN¥589.90 Million ≈ $86.32 Million	+57.22%
2006-12-31	CN¥375.21 Million ≈ $54.91 Million	+3.26%
2005-12-31	CN¥363.37 Million ≈ $53.17 Million	+4.46%
2004-12-31	CN¥347.85 Million ≈ $50.90 Million	+140.65%
2003-12-31	CN¥144.55 Million ≈ $21.15 Million	+29.61%
2002-12-31	CN¥111.53 Million ≈ $16.32 Million	+20.22%
2001-12-31	CN¥92.77 Million ≈ $13.58 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Huangshan Novel 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 5713.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.05 Billion	42.44%
Other Components	CN¥1.43 Billion	57.56%
Total Equity	CN¥2.48 Billion	100.00%

Huangshan Novel Co Ltd Competitors by Market Cap

The table below lists competitors of Huangshan Novel Co Ltd ranked by their market capitalization.

Company	Market Cap
Amtran Technology Co Ltd TW:2489	$925.36 Million
Yunnan QuakeSafe Seismic Isolation Technologies Co Ltd Class A SHE:300767	$925.44 Million
LX International Corp KO:001120	$926.25 Million
Cello World Limited NSE:CELLO	$926.49 Million
Center International Group Co Ltd SHG:603098	$924.80 Million
Anteris Technologies Global Corp. Common Stock NASDAQ:AVR	$924.75 Million
TOA PAINT (THAILAND) BK:TOA-R	$924.49 Million
ZoomInfo Technologies Inc. NASDAQ:GTM	$924.24 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,589,272,188 to 2,476,511,793, a change of -112,760,395 (-4.4%).
Net income of 438,133,521 contributed positively to equity growth.
Dividend payments of 561,567,667 reduced retained earnings.
Other comprehensive income decreased equity by 263,788,051.
Other factors increased equity by 274,461,802.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥438.13 Million	+17.69%
Dividends Paid	CN¥561.57 Million	-22.68%
Other Comprehensive Income	CN¥-263.79 Million	-10.65%
Other Changes	CN¥274.46 Million	+11.08%
Total Change	CN¥-	-4.35%

Book Value vs Market Value Analysis

This analysis compares Huangshan Novel 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: 2.55x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 41.69x to 2.55x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	CN¥0.25	CN¥10.32	x
2002-12-31	CN¥0.30	CN¥10.32	x
2003-12-31	CN¥0.39	CN¥10.32	x
2004-12-31	CN¥0.91	CN¥10.32	x
2005-12-31	CN¥0.95	CN¥10.32	x
2006-12-31	CN¥0.84	CN¥10.32	x
2007-12-31	CN¥1.26	CN¥10.32	x
2008-12-31	CN¥1.24	CN¥10.32	x
2009-12-31	CN¥1.37	CN¥10.32	x
2010-12-31	CN¥1.51	CN¥10.32	x
2011-12-31	CN¥1.68	CN¥10.32	x
2012-12-31	CN¥2.60	CN¥10.32	x
2013-12-31	CN¥2.52	CN¥10.32	x
2014-12-31	CN¥2.60	CN¥10.32	x
2015-12-31	CN¥2.68	CN¥10.32	x
2016-12-31	CN¥2.84	CN¥10.32	x
2017-12-31	CN¥2.93	CN¥10.32	x
2018-12-31	CN¥3.06	CN¥10.32	x
2019-12-31	CN¥3.11	CN¥10.32	x
2020-12-31	CN¥3.23	CN¥10.32	x
2021-12-31	CN¥3.50	CN¥10.32	x
2022-12-31	CN¥3.77	CN¥10.32	x
2023-12-31	CN¥4.04	CN¥10.32	x
2024-12-31	CN¥4.21	CN¥10.32	x
2025-12-31	CN¥4.04	CN¥10.32	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Huangshan Novel 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): 17.69%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 11.77%
• Asset Turnover: 0.86x
• Equity Multiplier: 1.75x
Recent ROE (17.69%) is above the historical average (15.45%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	22.93%	8.61%	1.32x	2.02x	CN¥11.99 Million
2002	31.69%	9.86%	1.62x	1.99x	CN¥24.19 Million
2003	29.58%	9.92%	1.69x	1.76x	CN¥28.31 Million
2004	12.83%	9.00%	1.01x	1.41x	CN¥9.64 Million
2005	12.38%	7.22%	1.24x	1.38x	CN¥8.49 Million
2006	12.91%	6.57%	1.27x	1.54x	CN¥10.66 Million
2007	9.31%	5.15%	1.24x	1.46x	CN¥-4.01 Million
2008	11.05%	5.58%	1.34x	1.48x	CN¥6.48 Million
2009	14.72%	9.55%	1.08x	1.43x	CN¥32.30 Million
2010	16.15%	9.50%	1.16x	1.47x	CN¥46.15 Million
2011	17.53%	9.77%	1.15x	1.56x	CN¥63.50 Million
2012	12.86%	11.75%	0.83x	1.32x	CN¥39.75 Million
2013	11.89%	10.89%	0.85x	1.28x	CN¥28.00 Million
2014	10.04%	9.26%	0.85x	1.28x	CN¥685.42K
2015	11.83%	10.28%	0.89x	1.29x	CN¥29.38 Million
2016	11.74%	10.65%	0.84x	1.32x	CN¥30.04 Million
2017	11.65%	10.23%	0.84x	1.36x	CN¥29.06 Million
2018	12.26%	9.66%	0.92x	1.38x	CN¥41.48 Million
2019	14.48%	10.35%	1.02x	1.37x	CN¥83.32 Million
2020	15.22%	11.07%	0.93x	1.48x	CN¥103.92 Million
2021	14.84%	10.45%	1.00x	1.41x	CN¥103.05 Million
2022	15.92%	10.98%	0.92x	1.57x	CN¥134.96 Million
2023	16.60%	12.08%	0.87x	1.59x	CN¥162.29 Million
2024	18.07%	13.27%	0.82x	1.67x	CN¥208.83 Million
2025	17.69%	11.77%	0.86x	1.75x	CN¥190.48 Million

Industry Comparison

This section compares Huangshan Novel Co Ltd's net assets metrics with peer companies in the Packaging & Containers industry.

Industry Context

Industry: Packaging & Containers
Average net assets among peers: $1,111,258,168
Average return on equity (ROE) among peers: 9.88%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Huangshan Novel Co Ltd (002014)	CN¥2.61 Billion	22.93%	0.61x	$924.95 Million
Zhuhai Zhongfu Enterprise Co Ltd (000659)	$657.12 Million	2.75%	2.62x	$662.25 Million
Shenzhen Jinjia Color Printing Group Co Ltd (002191)	$606.93 Million	26.82%	1.71x	$854.01 Million
Xiamen Hexing Packaging Printing Co Ltd (002228)	$447.79 Million	15.01%	1.53x	$559.30 Million
Shenzhen Beauty Star Co Ltd (002243)	$524.36 Million	12.93%	0.25x	$1.25 Billion
Zhejiang Great Southeast Co Ltd (002263)	$2.77 Billion	-2.00%	0.19x	$1.15 Billion
Shenzhen MYS Environmental Protection & Technology Co Ltd (002303)	$1.65 Billion	8.64%	0.21x	$817.89 Million
Shandong Lipeng Co Ltd (002374)	$157.65 Million	16.51%	0.96x	$501.81 Million
Zhejiang Zhongcheng Packing Material Co Ltd (002522)	$1.08 Billion	9.60%	0.15x	$930.46 Million
Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565)	$2.11 Billion	-1.34%	0.36x	$2.01 Billion

About Huangshan Novel Co Ltd

SHE:002014 China Packaging & Containers

Market Cap

$924.95 Million

CN¥6.32 Billion CNY

Market Cap Rank

#9410 Global

#2438 in China

Share Price

CN¥10.32

Change (1 day)

-2.55%

52-Week Range

CN¥10.17 - CN¥12.81

All Time High

CN¥12.81