Sichuan Haite High-tech Co Ltd
Sichuan Haite High-tech Co.,Ltd provides aircraft airborne equipment maintenance services in China. It is also involved in aviation technology research and development, aviation product manufacturing, aviation training, aviation material maintenance, microelectronics, gas turbine engineering, and leasing activities. Sichuan Haite High-tech Co.,Ltd was founded in 1991 is based in Chengdu, China.
Sichuan Haite High-tech Co Ltd (002023) - Net Assets
Latest net assets as of September 2025: CN¥4.36 Billion CNY
Based on the latest financial reports, Sichuan Haite High-tech Co Ltd (002023) has net assets worth CN¥4.36 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.80 Billion) and total liabilities (CN¥2.44 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¥4.36 Billion |
| % of Total Assets | 64.13% |
| Annual Growth Rate | 18.1% |
| 5-Year Change | 8.03% |
| 10-Year Change | 13.96% |
| Growth Volatility | 40.0 |
Sichuan Haite High-tech Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Sichuan Haite High-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 Sichuan Haite High-tech Co Ltd (2001–2024)
The table below shows the annual net assets of Sichuan Haite High-tech Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.27 Billion | +0.08% |
| 2023-12-31 | CN¥4.27 Billion | +1.44% |
| 2022-12-31 | CN¥4.21 Billion | +3.01% |
| 2021-12-31 | CN¥4.08 Billion | +3.31% |
| 2020-12-31 | CN¥3.95 Billion | -1.24% |
| 2019-12-31 | CN¥4.00 Billion | +1.76% |
| 2018-12-31 | CN¥3.93 Billion | -0.84% |
| 2017-12-31 | CN¥3.97 Billion | -4.03% |
| 2016-12-31 | CN¥4.13 Billion | +10.31% |
| 2015-12-31 | CN¥3.75 Billion | +117.73% |
| 2014-12-31 | CN¥1.72 Billion | +6.93% |
| 2013-12-31 | CN¥1.61 Billion | +52.81% |
| 2012-12-31 | CN¥1.05 Billion | +3.44% |
| 2011-12-31 | CN¥1.02 Billion | +6.11% |
| 2010-12-31 | CN¥959.71 Million | +65.39% |
| 2009-12-31 | CN¥580.28 Million | +7.57% |
| 2008-12-31 | CN¥539.44 Million | +8.14% |
| 2007-12-31 | CN¥498.84 Million | +0.19% |
| 2006-12-31 | CN¥497.88 Million | +0.98% |
| 2005-12-31 | CN¥493.03 Million | +9.71% |
| 2004-12-31 | CN¥449.39 Million | +156.51% |
| 2003-12-31 | CN¥175.19 Million | +31.45% |
| 2002-12-31 | CN¥133.27 Million | +43.30% |
| 2001-12-31 | CN¥93.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Sichuan Haite High-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 7356.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.55 Billion | 36.27% |
| Common Stock | CN¥740.86 Million | 17.32% |
| Other Comprehensive Income | CN¥277.43 Million | 6.49% |
| Other Components | CN¥1.71 Billion | 39.93% |
| Total Equity | CN¥4.28 Billion | 100.00% |
Sichuan Haite High-tech Co Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Haite High-tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Can Fin Homes Limited
NSE:CANFINHOME
|
$873.23 Million |
|
Great Wall Enterprise Co Ltd
TW:1210
|
$873.30 Million |
|
Kiwi Property Group Limited
PINK:KWIPF
|
$873.40 Million |
|
CNA FIN. DL 2,50
F:CNH
|
$873.72 Million |
|
Cancom SE
OTCGREY:CCCMF
|
$872.98 Million |
|
Jeju Semiconductor Corp
KQ:080220
|
$872.66 Million |
|
EmbedWay Tech(Shanghai)Corp
SHG:603496
|
$872.51 Million |
|
Zhejiang Weixing New Building Materials Co Ltd
SHE:002372
|
$872.21 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Haite High-tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,253,691,934 to 4,277,978,364, a change of 24,286,430 (0.6%).
- Net income of 70,882,527 contributed positively to equity growth.
- Dividend payments of 123,841,812 reduced retained earnings.
- Other comprehensive income increased equity by 277,432,353.
- Other factors decreased equity by 200,186,638.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥70.88 Million | +1.66% |
| Dividends Paid | CN¥123.84 Million | -2.89% |
| Other Comprehensive Income | CN¥277.43 Million | +6.49% |
| Other Changes | CN¥-200.19 Million | -4.68% |
| Total Change | CN¥- | 0.57% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Haite High-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: 1.97x
- 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 71.48x to 1.97x 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¥0.16 | CN¥11.36 | x |
| 2002-12-31 | CN¥0.20 | CN¥11.36 | x |
| 2003-12-31 | CN¥0.27 | CN¥11.36 | x |
| 2004-12-31 | CN¥0.78 | CN¥11.36 | x |
| 2005-12-31 | CN¥0.83 | CN¥11.36 | x |
| 2006-12-31 | CN¥0.90 | CN¥11.36 | x |
| 2007-12-31 | CN¥0.93 | CN¥11.36 | x |
| 2008-12-31 | CN¥1.01 | CN¥11.36 | x |
| 2009-12-31 | CN¥1.02 | CN¥11.36 | x |
| 2010-12-31 | CN¥1.64 | CN¥11.36 | x |
| 2011-12-31 | CN¥1.75 | CN¥11.36 | x |
| 2012-12-31 | CN¥1.75 | CN¥11.36 | x |
| 2013-12-31 | CN¥2.37 | CN¥11.36 | x |
| 2014-12-31 | CN¥2.42 | CN¥11.36 | x |
| 2015-12-31 | CN¥4.97 | CN¥11.36 | x |
| 2016-12-31 | CN¥4.46 | CN¥11.36 | x |
| 2017-12-31 | CN¥5.08 | CN¥11.36 | x |
| 2018-12-31 | CN¥4.34 | CN¥11.36 | x |
| 2019-12-31 | CN¥4.71 | CN¥11.36 | x |
| 2020-12-31 | CN¥4.68 | CN¥11.36 | x |
| 2021-12-31 | CN¥5.51 | CN¥11.36 | x |
| 2022-12-31 | CN¥5.66 | CN¥11.36 | x |
| 2023-12-31 | CN¥5.74 | CN¥11.36 | x |
| 2024-12-31 | CN¥5.78 | CN¥11.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Haite High-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): 1.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.37%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 1.66x
- Recent ROE (1.66%) is below the historical average (8.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 28.88% | 30.97% | 0.54x | 1.73x | CN¥15.84 Million |
| 2002 | 26.07% | 28.89% | 0.41x | 2.20x | CN¥17.02 Million |
| 2003 | 23.22% | 29.56% | 0.39x | 2.03x | CN¥19.02 Million |
| 2004 | 8.83% | 26.79% | 0.27x | 1.22x | CN¥-4.85 Million |
| 2005 | 8.96% | 27.18% | 0.26x | 1.26x | CN¥-4.55 Million |
| 2006 | 6.68% | 20.97% | 0.27x | 1.17x | CN¥-15.53 Million |
| 2007 | 7.71% | 19.73% | 0.33x | 1.18x | CN¥-11.17 Million |
| 2008 | 6.72% | 17.18% | 0.28x | 1.40x | CN¥-17.20 Million |
| 2009 | 9.82% | 24.45% | 0.26x | 1.53x | CN¥-1.01 Million |
| 2010 | 6.10% | 28.04% | 0.17x | 1.28x | CN¥-37.20 Million |
| 2011 | 6.02% | 26.29% | 0.17x | 1.39x | CN¥-40.44 Million |
| 2012 | 7.71% | 27.41% | 0.17x | 1.62x | CN¥-24.08 Million |
| 2013 | 8.23% | 29.46% | 0.18x | 1.53x | CN¥-27.38 Million |
| 2014 | 9.49% | 31.48% | 0.17x | 1.77x | CN¥-8.57 Million |
| 2015 | 1.21% | 9.25% | 0.09x | 1.38x | CN¥-289.12 Million |
| 2016 | 1.12% | 8.24% | 0.08x | 1.63x | CN¥-323.28 Million |
| 2017 | 0.98% | 8.07% | 0.07x | 1.79x | CN¥-314.59 Million |
| 2018 | 1.84% | 12.42% | 0.08x | 1.78x | CN¥-283.48 Million |
| 2019 | 2.14% | 9.45% | 0.11x | 1.98x | CN¥-280.35 Million |
| 2020 | 0.90% | 3.29% | 0.13x | 2.06x | CN¥-322.46 Million |
| 2021 | 17.97% | 87.08% | 0.13x | 1.64x | CN¥327.09 Million |
| 2022 | 0.31% | 1.42% | 0.13x | 1.68x | CN¥-406.17 Million |
| 2023 | 1.10% | 4.45% | 0.14x | 1.73x | CN¥-378.53 Million |
| 2024 | 1.66% | 5.37% | 0.19x | 1.66x | CN¥-356.92 Million |
Industry Comparison
This section compares Sichuan Haite High-tech Co Ltd's net assets metrics with peer companies in the Aerospace & Defense industry.
Industry Context
- Industry: Aerospace & Defense
- Average net assets among peers: $2,340,474,809
- Average return on equity (ROE) among peers: 5.88%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Haite High-tech Co Ltd (002023) | CN¥4.36 Billion | 28.88% | 0.56x | $873.11 Million |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $1.51 Billion | 3.95% | 0.11x | $590.11 Million |
| Aecc Aero Engine Control Co Ltd (000738) | $1.20 Billion | 2.25% | 0.68x | $1.98 Billion |
| AVIC Aircraft Co Ltd (000768) | $1.98 Billion | 2.31% | 0.31x | $4.62 Billion |
| Zhejiang XiaSha Precision (001316) | $1.05 Billion | 7.55% | 0.08x | $223.64 Million |
| Aerospace CH UAV Co Ltd (002389) | $8.20 Billion | 1.87% | 0.30x | $1.90 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $602.65 Million | 10.94% | 0.23x | $8.72 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $1.60 Billion | 6.16% | 0.09x | $431.82 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $3.57 Billion | 8.82% | 0.17x | $857.34 Million |
| Shaanxi Zhongtian Rocket Technology (003009) | $1.35 Billion | 9.08% | 0.39x | $427.08 Million |