Ningbo Huaxiang Electronic Co Ltd (002048) - Net Assets

Latest as of March 2026: CN¥13.40 Billion CNY ≈ $1.96 Billion USD

Based on the latest financial reports, Ningbo Huaxiang Electronic Co Ltd (002048) has net assets worth CN¥13.40 Billion CNY (≈ $1.96 Billion 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¥26.20 Billion ≈ $3.83 Billion USD) and total liabilities (CN¥12.80 Billion ≈ $1.87 Billion 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 equity quality of Ningbo Huaxiang Electronic Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥13.40 Billion
% of Total Assets	51.14%
Annual Growth Rate	22.28%
5-Year Change	5.95%
10-Year Change	111.56%
Growth Volatility	34.59

Ningbo Huaxiang Electronic Co Ltd - Net Assets Trend (2002–2025)

This chart illustrates how Ningbo Huaxiang Electronic Co Ltd's net assets have evolved over time, based on quarterly financial data. See 002048 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Ningbo Huaxiang Electronic Co Ltd (2002–2025)

The table below shows the annual net assets of Ningbo Huaxiang Electronic Co Ltd from 2002 to 2025. For live valuation and market cap data, see Ningbo Huaxiang Electronic Co Ltd market cap and net worth.

Year	Net Assets	Change
2025-12-31	CN¥12.93 Billion ≈ $1.89 Billion	-0.03%
2024-12-31	CN¥12.93 Billion ≈ $1.89 Billion	-6.63%
2023-12-31	CN¥13.85 Billion ≈ $2.03 Billion	+9.17%
2022-12-31	CN¥12.69 Billion ≈ $1.86 Billion	+3.97%
2021-12-31	CN¥12.20 Billion ≈ $1.79 Billion	+4.40%
2020-12-31	CN¥11.69 Billion ≈ $1.71 Billion	+11.31%
2019-12-31	CN¥10.50 Billion ≈ $1.54 Billion	+12.36%
2018-12-31	CN¥9.35 Billion ≈ $1.37 Billion	+5.03%
2017-12-31	CN¥8.90 Billion ≈ $1.30 Billion	+45.60%
2016-12-31	CN¥6.11 Billion ≈ $894.35 Million	+7.60%
2015-12-31	CN¥5.68 Billion ≈ $831.20 Million	+17.03%
2014-12-31	CN¥4.85 Billion ≈ $710.25 Million	+24.67%
2013-12-31	CN¥3.89 Billion ≈ $569.71 Million	+26.38%
2012-12-31	CN¥3.08 Billion ≈ $450.79 Million	+0.51%
2011-12-31	CN¥3.06 Billion ≈ $448.49 Million	+3.33%
2010-12-31	CN¥2.97 Billion ≈ $434.03 Million	+74.54%
2009-12-31	CN¥1.70 Billion ≈ $248.67 Million	+21.10%
2008-12-31	CN¥1.40 Billion ≈ $205.34 Million	+15.73%
2007-12-31	CN¥1.21 Billion ≈ $177.43 Million	+13.64%
2006-12-31	CN¥1.07 Billion ≈ $156.14 Million	+149.97%
2005-12-31	CN¥426.87 Million ≈ $62.46 Million	+85.08%
2004-12-31	CN¥230.64 Million ≈ $33.75 Million	+29.06%
2003-12-31	CN¥178.71 Million ≈ $26.15 Million	+41.08%
2002-12-31	CN¥126.68 Million ≈ $18.54 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 31558.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥6.73 Billion	58.61%
Other Components	CN¥4.75 Billion	41.39%
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
Wingtech Technology Co Ltd SHG:600745	$3.40 Billion
Anhui Jingcheng Copper Share Co Ltd SHE:002171	$3.41 Billion
Kimberly-Clark de México S. A. B. de C. V MX:KIMBERA	$3.41 Billion
Shenzhen H&T Intelligent Control Co Ltd SHE:002402	$3.41 Billion
Universal Microwave Technology TWO:3491	$3.40 Billion
Dave Inc NASDAQ:DAVE	$3.40 Billion
ADEIA CORP NASDAQ:ADEA	$3.40 Billion
KB Home NYSE:KBH	$3.40 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 2024 to 2025, total equity changed from 11,494,184,548 to 11,486,764,834, a change of -7,419,714 (-0.1%).
Net income of 418,177,316 contributed positively to equity growth.
Dividend payments of 426,616,632 reduced retained earnings.
Other comprehensive income decreased equity by 1,399,087,624.
Other factors increased equity by 1,400,107,225.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥418.18 Million	+3.64%
Dividends Paid	CN¥426.62 Million	-3.71%
Other Comprehensive Income	CN¥-1.40 Billion	-12.18%
Other Changes	CN¥1.40 Billion	+12.19%
Total Change	CN¥-	-0.06%

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: 2.02x
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 258.19x to 2.02x 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¥28.58	x
2003-12-31	CN¥0.16	CN¥28.58	x
2004-12-31	CN¥0.34	CN¥28.58	x
2005-12-31	CN¥0.67	CN¥28.58	x
2006-12-31	CN¥2.15	CN¥28.58	x
2007-12-31	CN¥2.01	CN¥28.58	x
2008-12-31	CN¥2.23	CN¥28.58	x
2009-12-31	CN¥2.87	CN¥28.58	x
2010-12-31	CN¥4.84	CN¥28.58	x
2011-12-31	CN¥4.71	CN¥28.58	x
2012-12-31	CN¥4.89	CN¥28.58	x
2013-12-31	CN¥6.44	CN¥28.58	x
2014-12-31	CN¥8.11	CN¥28.58	x
2015-12-31	CN¥8.68	CN¥28.58	x
2016-12-31	CN¥9.79	CN¥28.58	x
2017-12-31	CN¥14.79	CN¥28.58	x
2018-12-31	CN¥12.97	CN¥28.58	x
2019-12-31	CN¥14.64	CN¥28.58	x
2020-12-31	CN¥16.53	CN¥28.58	x
2021-12-31	CN¥17.33	CN¥28.58	x
2022-12-31	CN¥13.64	CN¥28.58	x
2023-12-31	CN¥15.05	CN¥28.58	x
2024-12-31	CN¥14.11	CN¥28.58	x
2025-12-31	CN¥14.11	CN¥28.58	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): 3.64%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.60%
• Asset Turnover: 0.96x
• Equity Multiplier: 2.37x
Recent ROE (3.64%) is below the historical average (12.28%), 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	11.62%	6.33%	0.74x	2.48x	CN¥14.00 Million
2007	14.72%	5.74%	0.91x	2.80x	CN¥46.03 Million
2008	13.08%	5.70%	0.83x	2.77x	CN¥33.89 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	10.55%	7.72%	0.84x	1.63x	CN¥14.90 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	8.23%	5.03%	0.88x	1.87x	CN¥-182.79 Million
2021	11.66%	7.20%	0.80x	2.01x	CN¥179.94 Million
2022	8.87%	5.00%	0.86x	2.08x	CN¥-125.08 Million
2023	8.44%	4.43%	0.85x	2.23x	CN¥-190.56 Million
2024	8.29%	3.62%	0.90x	2.54x	CN¥-196.41 Million
2025	3.64%	1.60%	0.96x	2.37x	CN¥-730.50 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: $3,421,590,511
Average return on equity (ROE) among peers: 7.03%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ningbo Huaxiang Electronic Co Ltd (002048)	CN¥13.40 Billion	24.69%	0.96x	$3.40 Billion
FAWER Automotive Parts Ltd Co (000030)	$9.28 Billion	7.29%	0.94x	$1.07 Billion
Wanxiang Qianchao Co Ltd (000559)	$2.25 Billion	8.11%	1.30x	$6.69 Billion
Weifu High-Technology Group Co Ltd (000581)	$18.43 Billion	0.64%	0.55x	$2.08 Billion
Gui Zhou Tyre Co Ltd (000589)	$77.69 Million	26.52%	2.33x	$1.01 Billion
Qingdao Doublestar Co Ltd (000599)	$2.50 Billion	2.32%	1.02x	$1.58 Billion
Hengli Industrial Development Group Co Ltd (000622)	$135.45 Million	0.00%	0.93x	$9.33 Million
Xiangyang Automobile Bearing Co Ltd (000678)	$530.98 Million	0.92%	1.48x	$675.92 Million
Jiangnan Mould & Plastic Technology Co Ltd (000700)	$1.20 Billion	6.30%	2.26x	$2.16 Billion
Sichuan Haowu Electromechanical Co Ltd (000757)	$-736.34 Million	0.00%	0.00x	$294.66 Million
Anhui Zhongding Sealing Parts Co Ltd (000887)	$537.43 Million	18.21%	0.61x	$4.31 Billion

About Ningbo Huaxiang Electronic Co Ltd

SHE:002048 China Auto Parts

Market Cap

$3.40 Billion

CN¥23.26 Billion CNY

Market Cap Rank

#4664 Global

#827 in China

Share Price

CN¥28.58

Change (1 day)

-2.06%

52-Week Range

CN¥15.10 - CN¥40.43

All Time High

CN¥40.43