Ningbo Huaxiang Electronic Co Ltd

SHE:002048 China Auto Parts
Market Cap
$3.08 Billion
CN¥22.58 Billion CNY
Market Cap Rank
#5532 Global
#723 in China
Share Price
CN¥27.75
Change (1 day)
-3.11%
52-Week Range
CN¥12.60 - CN¥40.43
All Time High
CN¥40.43
Categories
Companies in China Auto Parts
About

Ningbo Huaxiang Electronic Co., Ltd. designs, develops, produces, and sells auto parts in the People's Republic of China and internationally. The company offers instrument assembly, central control assembly, door panel assembly, ceiling assembly, pillar assembly, trunk parts, headrests, air ducts, grille, fuel/rechargeable, covers, electric pedals and other interior and exterior trims; battery pa… Read more

Ningbo Huaxiang Electronic Co Ltd (002048) - Net Assets

Latest net assets as of September 2025: CN¥12.59 Billion CNY

Based on the latest financial reports, Ningbo Huaxiang Electronic Co Ltd (002048) has net assets worth CN¥12.59 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¥26.08 Billion) and total liabilities (CN¥13.48 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¥12.59 Billion
% of Total Assets 48.3%
Annual Growth Rate 23.4%
5-Year Change 10.51%
10-Year Change 127.7%
Growth Volatility 35.23

Ningbo Huaxiang Electronic Co Ltd - Net Assets Trend (2002–2024)

This chart illustrates how Ningbo Huaxiang Electronic 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 Ningbo Huaxiang Electronic Co Ltd (2002–2024)

The table below shows the annual net assets of Ningbo Huaxiang Electronic Co Ltd from 2002 to 2024.

Year Net Assets Change
2024-12-31 CN¥12.93 Billion -6.42%
2023-12-31 CN¥13.82 Billion +9.05%
2022-12-31 CN¥12.67 Billion +3.86%
2021-12-31 CN¥12.20 Billion +4.27%
2020-12-31 CN¥11.70 Billion +11.45%
2019-12-31 CN¥10.50 Billion +12.36%
2018-12-31 CN¥9.35 Billion +5.03%
2017-12-31 CN¥8.90 Billion +45.60%
2016-12-31 CN¥6.11 Billion +7.60%
2015-12-31 CN¥5.68 Billion +17.03%
2014-12-31 CN¥4.85 Billion +24.67%
2013-12-31 CN¥3.89 Billion +26.38%
2012-12-31 CN¥3.08 Billion +0.63%
2011-12-31 CN¥3.06 Billion +3.21%
2010-12-31 CN¥2.97 Billion +74.54%
2009-12-31 CN¥1.70 Billion +20.99%
2008-12-31 CN¥1.40 Billion +15.83%
2007-12-31 CN¥1.21 Billion +12.80%
2006-12-31 CN¥1.07 Billion +151.83%
2005-12-31 CN¥426.87 Million +85.08%
2004-12-31 CN¥230.64 Million +29.06%
2003-12-31 CN¥178.71 Million +41.08%
2002-12-31 CN¥126.68 Million --

Equity Component Analysis

This analysis shows how different components contribute to Ningbo Huaxiang Electronic 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 31201.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥6.66 Billion 57.91%
Common Stock CN¥814.10 Million 7.08%
Other Comprehensive Income CN¥1.40 Billion 12.17%
Other Components CN¥2.62 Billion 22.84%
Total Equity CN¥11.49 Billion 100.00%

Ningbo Huaxiang Electronic Co Ltd Competitors by Market Cap

The table below lists competitors of Ningbo Huaxiang Electronic Co Ltd ranked by their market capitalization.

Company Market Cap
Primary Health Properties PLC
PINK:PHPRF
 		$1.64 Billion
Greek Org of Football Prognostics
PINK:GOFPY
 		$1.64 Billion
Peloton Interactive Inc
NASDAQ:PTON
 		$1.64 Billion
The Foschini Group Limited
PINK:FHNGY
 		$1.64 Billion
Beijing TRS Information Tech
SHE:300229
 		$1.64 Billion
Shihlin Electric & Engineering Corp
TW:1503
 		$1.64 Billion
Hanjinkal
KO:180640
 		$1.64 Billion
Braze Inc
NASDAQ:BRZE
 		$1.64 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 12,193,751,082 to 11,494,184,548, a change of -699,566,534 (-5.7%).
  • Net income of 953,005,018 contributed positively to equity growth.
  • Dividend payments of 818,174,667 reduced retained earnings.
  • Other comprehensive income decreased equity by 10,554,889,970.
  • Other factors increased equity by 9,720,493,085.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥953.01 Million +8.29%
Dividends Paid CN¥818.17 Million -7.12%
Other Comprehensive Income CN¥-10.55 Billion -91.83%
Other Changes CN¥9.72 Billion +84.57%
Total Change CN¥- -5.74%

Book Value vs Market Value Analysis

This analysis compares Ningbo Huaxiang Electronic 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 250.69x 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
2002-12-31 CN¥0.11 CN¥27.75 x
2003-12-31 CN¥0.16 CN¥27.75 x
2004-12-31 CN¥0.34 CN¥27.75 x
2005-12-31 CN¥0.67 CN¥27.75 x
2006-12-31 CN¥2.17 CN¥27.75 x
2007-12-31 CN¥2.02 CN¥27.75 x
2008-12-31 CN¥2.23 CN¥27.75 x
2009-12-31 CN¥2.87 CN¥27.75 x
2010-12-31 CN¥4.84 CN¥27.75 x
2011-12-31 CN¥4.71 CN¥27.75 x
2012-12-31 CN¥4.89 CN¥27.75 x
2013-12-31 CN¥6.44 CN¥27.75 x
2014-12-31 CN¥8.11 CN¥27.75 x
2015-12-31 CN¥8.68 CN¥27.75 x
2016-12-31 CN¥9.79 CN¥27.75 x
2017-12-31 CN¥14.79 CN¥27.75 x
2018-12-31 CN¥12.97 CN¥27.75 x
2019-12-31 CN¥14.61 CN¥27.75 x
2020-12-31 CN¥16.49 CN¥27.75 x
2021-12-31 CN¥17.34 CN¥27.75 x
2022-12-31 CN¥13.65 CN¥27.75 x
2023-12-31 CN¥14.94 CN¥27.75 x
2024-12-31 CN¥14.11 CN¥27.75 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ningbo Huaxiang Electronic 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): 8.29%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.62%
  • • Asset Turnover: 0.90x
  • • Equity Multiplier: 2.54x
  • Recent ROE (8.29%) is below the historical average (12.65%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2002 24.69% 14.89% 0.66x 2.50x CN¥13.30 Million
2003 24.28% 13.65% 0.67x 2.65x CN¥18.70 Million
2004 20.17% 12.08% 0.57x 2.95x CN¥16.12 Million
2005 6.52% 5.52% 0.41x 2.87x CN¥-11.53 Million
2006 11.54% 6.33% 0.74x 2.46x CN¥13.43 Million
2007 14.68% 5.74% 0.91x 2.80x CN¥45.79 Million
2008 13.07% 5.70% 0.83x 2.77x CN¥33.79 Million
2009 25.12% 12.72% 1.01x 1.95x CN¥215.37 Million
2010 15.90% 12.61% 0.82x 1.53x CN¥155.96 Million
2011 10.57% 7.72% 0.84x 1.63x CN¥15.20 Million
2012 9.40% 4.48% 1.07x 1.96x CN¥-15.92 Million
2013 10.09% 4.71% 1.03x 2.08x CN¥3.12 Million
2014 12.20% 6.02% 1.01x 2.00x CN¥94.68 Million
2015 3.46% 1.64% 0.93x 2.27x CN¥-303.75 Million
2016 13.79% 5.71% 0.93x 2.61x CN¥196.26 Million
2017 10.21% 5.39% 0.91x 2.07x CN¥16.46 Million
2018 9.02% 4.90% 0.92x 2.00x CN¥-79.41 Million
2019 10.72% 5.74% 1.00x 1.87x CN¥66.22 Million
2020 8.22% 5.03% 0.88x 1.85x CN¥-183.51 Million
2021 11.66% 7.20% 0.81x 2.01x CN¥180.05 Million
2022 8.88% 5.00% 0.86x 2.07x CN¥-123.68 Million
2023 8.45% 4.43% 0.86x 2.23x CN¥-189.03 Million
2024 8.29% 3.62% 0.90x 2.54x CN¥-196.41 Million

Industry Comparison

This section compares Ningbo Huaxiang Electronic Co 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
Ningbo Huaxiang Electronic Co Ltd (002048) CN¥12.59 Billion 24.69% 1.07x $1.64 Billion
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