Sichuan Haite High-tech Co Ltd (002023) - Net Assets
Based on the latest financial reports, Sichuan Haite High-tech Co Ltd (002023) has net assets worth CN¥3.71 Billion CNY (≈ $542.28 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¥5.97 Billion ≈ $873.31 Million USD) and total liabilities (CN¥2.26 Billion ≈ $331.03 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 002023 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.71 Billion |
| % of Total Assets | 62.09% |
| Annual Growth Rate | 16.59% |
| 5-Year Change | -9.45% |
| 10-Year Change | -10.54% |
| Growth Volatility | 39.82 |
Sichuan Haite High-tech Co Ltd - Net Assets Trend (2001–2025)
This chart illustrates how Sichuan Haite High-tech Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002023 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sichuan Haite High-tech Co Ltd (2001–2025)
The table below shows the annual net assets of Sichuan Haite High-tech Co Ltd from 2001 to 2025. For live valuation and market cap data, see Sichuan Haite High-tech Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.70 Billion ≈ $541.17 Million |
-13.41% |
| 2024-12-31 | CN¥4.27 Billion ≈ $624.96 Million |
+0.08% |
| 2023-12-31 | CN¥4.27 Billion ≈ $624.49 Million |
+1.44% |
| 2022-12-31 | CN¥4.21 Billion ≈ $615.65 Million |
+3.01% |
| 2021-12-31 | CN¥4.08 Billion ≈ $597.63 Million |
+3.31% |
| 2020-12-31 | CN¥3.95 Billion ≈ $578.49 Million |
-1.24% |
| 2019-12-31 | CN¥4.00 Billion ≈ $585.78 Million |
+1.76% |
| 2018-12-31 | CN¥3.93 Billion ≈ $575.64 Million |
-0.84% |
| 2017-12-31 | CN¥3.97 Billion ≈ $580.53 Million |
-4.03% |
| 2016-12-31 | CN¥4.13 Billion ≈ $604.93 Million |
+10.31% |
| 2015-12-31 | CN¥3.75 Billion ≈ $548.41 Million |
+117.73% |
| 2014-12-31 | CN¥1.72 Billion ≈ $251.88 Million |
+6.93% |
| 2013-12-31 | CN¥1.61 Billion ≈ $235.55 Million |
+52.81% |
| 2012-12-31 | CN¥1.05 Billion ≈ $154.15 Million |
+3.44% |
| 2011-12-31 | CN¥1.02 Billion ≈ $149.02 Million |
+6.11% |
| 2010-12-31 | CN¥959.71 Million ≈ $140.44 Million |
+65.39% |
| 2009-12-31 | CN¥580.28 Million ≈ $84.91 Million |
+7.57% |
| 2008-12-31 | CN¥539.44 Million ≈ $78.94 Million |
+8.14% |
| 2007-12-31 | CN¥498.84 Million ≈ $73.00 Million |
+0.19% |
| 2006-12-31 | CN¥497.88 Million ≈ $72.86 Million |
+0.98% |
| 2005-12-31 | CN¥493.03 Million ≈ $72.15 Million |
+9.71% |
| 2004-12-31 | CN¥449.39 Million ≈ $65.76 Million |
+156.51% |
| 2003-12-31 | CN¥175.19 Million ≈ $25.64 Million |
+31.45% |
| 2002-12-31 | CN¥133.27 Million ≈ $19.50 Million |
+43.30% |
| 2001-12-31 | CN¥93.00 Million ≈ $13.61 Million |
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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 4787.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.02 Billion | 27.42% |
| Other Components | CN¥2.69 Billion | 72.58% |
| Total Equity | CN¥3.71 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 |
|---|---|
|
Jiangsu Zijin Rural Commercial Bank Co Ltd
SHG:601860
|
$1.37 Billion |
|
Xian International Medical Investment Co Ltd
SHE:000516
|
$1.37 Billion |
|
Enovix Corp
NASDAQ:ENVX
|
$1.37 Billion |
|
COSMO Pharmaceuticals SA
LSE:0RGI
|
$1.37 Billion |
|
Changzhou Zhongying Science & Technology Co. Ltd
SHE:300936
|
$1.37 Billion |
|
Global Ship Lease Inc
NYSE:GSL
|
$1.37 Billion |
|
Jungheinrich AG O.N.VZO
XETRA:JUN3
|
$1.36 Billion |
|
Unitech Printed Circuit Board Corp
TW:2367
|
$1.36 Billion |
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 2024 to 2025, total equity changed from 4,277,978,364 to 3,709,696,658, a change of -568,281,706 (-13.3%).
- Net loss of 534,510,066 reduced equity.
- Dividend payments of 53,784,524 reduced retained earnings.
- Other comprehensive income decreased equity by 277,432,353.
- Other factors increased equity by 297,445,237.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-534.51 Million | -14.41% |
| Dividends Paid | CN¥53.78 Million | -1.45% |
| Other Comprehensive Income | CN¥-277.43 Million | -7.48% |
| Other Changes | CN¥297.45 Million | +8.02% |
| Total Change | CN¥- | -13.28% |
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: 2.52x
- 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 79.28x to 2.52x 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¥12.60 | x |
| 2002-12-31 | CN¥0.20 | CN¥12.60 | x |
| 2003-12-31 | CN¥0.27 | CN¥12.60 | x |
| 2004-12-31 | CN¥0.78 | CN¥12.60 | x |
| 2005-12-31 | CN¥0.83 | CN¥12.60 | x |
| 2006-12-31 | CN¥0.90 | CN¥12.60 | x |
| 2007-12-31 | CN¥0.93 | CN¥12.60 | x |
| 2008-12-31 | CN¥1.01 | CN¥12.60 | x |
| 2009-12-31 | CN¥1.02 | CN¥12.60 | x |
| 2010-12-31 | CN¥1.64 | CN¥12.60 | x |
| 2011-12-31 | CN¥1.75 | CN¥12.60 | x |
| 2012-12-31 | CN¥1.75 | CN¥12.60 | x |
| 2013-12-31 | CN¥2.37 | CN¥12.60 | x |
| 2014-12-31 | CN¥2.42 | CN¥12.60 | x |
| 2015-12-31 | CN¥4.97 | CN¥12.60 | x |
| 2016-12-31 | CN¥4.46 | CN¥12.60 | x |
| 2017-12-31 | CN¥5.08 | CN¥12.60 | x |
| 2018-12-31 | CN¥4.34 | CN¥12.60 | x |
| 2019-12-31 | CN¥4.71 | CN¥12.60 | x |
| 2020-12-31 | CN¥4.68 | CN¥12.60 | x |
| 2021-12-31 | CN¥5.51 | CN¥12.60 | x |
| 2022-12-31 | CN¥5.66 | CN¥12.60 | x |
| 2023-12-31 | CN¥5.74 | CN¥12.60 | x |
| 2024-12-31 | CN¥5.78 | CN¥12.60 | x |
| 2025-12-31 | CN¥5.01 | CN¥12.60 | 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): -14.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -34.29%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 1.62x
- Recent ROE (-14.41%) is below the historical average (7.17%), 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 |
| 2025 | -14.41% | -34.29% | 0.26x | 1.62x | CN¥-905.48 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: $1,503,418,680
- Average return on equity (ROE) among peers: 11.12%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Haite High-tech Co Ltd (002023) | CN¥3.71 Billion | 28.88% | 0.61x | $1.37 Billion |
| Shaanxi Ligeance Mineral Resources Co Ltd (000697) | $738.32 Million | 10.95% | 0.40x | $2.35 Billion |
| Aecc Aero Engine Control Co Ltd (000738) | $469.47 Million | 0.73% | 0.33x | $3.62 Billion |
| AVIC Aircraft Co Ltd (000768) | $719.41 Million | 10.97% | 0.30x | $8.38 Billion |
| Aerospace CH UAV Co Ltd (002389) | $847.85 Million | 11.95% | 0.17x | $2.68 Billion |
| Kuang Chi Technologies Co Ltd (002625) | $7.59 Billion | 0.93% | 0.08x | $10.77 Billion |
| Beijing Emerging Eastern Aviation Equipment Co Ltd Class A (002933) | $680.95 Million | 16.28% | 0.10x | $501.94 Million |
| Chengdu Tianjian Technology Co Ltd (002977) | $376.04 Million | 25.55% | 0.52x | $430.82 Million |
| Beijing Bei Mo Gao Ke Friction Mate (002985) | $757.88 Million | 13.66% | 0.21x | $1.48 Billion |
| Shaanxi Zhongtian Rocket Technology (003009) | $1.35 Billion | 9.08% | 0.39x | $1.37 Billion |
About 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.