Ningbo Huaxiang Electronic Co Ltd (002048) - Net Assets

Latest as of September 2025: CN¥12.59 Billion CNY ≈ $1.84 Billion USD

Based on the latest financial reports, Ningbo Huaxiang Electronic Co Ltd (002048) has net assets worth CN¥12.59 Billion CNY (≈ $1.84 Billion USD) 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 ≈ $3.82 Billion USD) and total liabilities (CN¥13.48 Billion ≈ $1.97 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 Ningbo Huaxiang Electronic Co Ltd (002048) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 002048 asset base for the complete picture of this company's asset base.

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. For live valuation and market cap data, see Ningbo Huaxiang Electronic Co Ltd market cap and net worth.

Year	Net Assets	Change
2024-12-31	CN¥12.93 Billion ≈ $1.89 Billion	-6.42%
2023-12-31	CN¥13.82 Billion ≈ $2.02 Billion	+9.05%
2022-12-31	CN¥12.67 Billion ≈ $1.85 Billion	+3.86%
2021-12-31	CN¥12.20 Billion ≈ $1.79 Billion	+4.27%
2020-12-31	CN¥11.70 Billion ≈ $1.71 Billion	+11.45%
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	+0.63%
2011-12-31	CN¥3.06 Billion ≈ $447.97 Million	+3.21%
2010-12-31	CN¥2.97 Billion ≈ $434.03 Million	+74.54%
2009-12-31	CN¥1.70 Billion ≈ $248.67 Million	+20.99%
2008-12-31	CN¥1.40 Billion ≈ $205.52 Million	+15.83%
2007-12-31	CN¥1.21 Billion ≈ $177.43 Million	+12.80%
2006-12-31	CN¥1.07 Billion ≈ $157.31 Million	+151.83%
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 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
Shaanxi Lighte Optoelectronics Material Co. Ltd. A SHG:688150	$3.10 Billion
CCC Intelligent Solutions Holdings Inc. NASDAQ:CCC	$3.10 Billion
Solar Applied Materials Technology TWO:1785	$3.11 Billion
Catena AB ST:CATE	$3.11 Billion
Apeloa Pharmaceutical Co Ltd SHE:000739	$3.10 Billion
Cellebrite DI NASDAQ:CLBT	$3.10 Billion
China World Trade Center Co Ltd SHG:600007	$3.10 Billion
Bank of Queensland Ltd AU:BOQ	$3.09 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: 1.84x
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 235.15x to 1.84x 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¥26.03	x
2003-12-31	CN¥0.16	CN¥26.03	x
2004-12-31	CN¥0.34	CN¥26.03	x
2005-12-31	CN¥0.67	CN¥26.03	x
2006-12-31	CN¥2.17	CN¥26.03	x
2007-12-31	CN¥2.02	CN¥26.03	x
2008-12-31	CN¥2.23	CN¥26.03	x
2009-12-31	CN¥2.87	CN¥26.03	x
2010-12-31	CN¥4.84	CN¥26.03	x
2011-12-31	CN¥4.71	CN¥26.03	x
2012-12-31	CN¥4.89	CN¥26.03	x
2013-12-31	CN¥6.44	CN¥26.03	x
2014-12-31	CN¥8.11	CN¥26.03	x
2015-12-31	CN¥8.68	CN¥26.03	x
2016-12-31	CN¥9.79	CN¥26.03	x
2017-12-31	CN¥14.79	CN¥26.03	x
2018-12-31	CN¥12.97	CN¥26.03	x
2019-12-31	CN¥14.61	CN¥26.03	x
2020-12-31	CN¥16.49	CN¥26.03	x
2021-12-31	CN¥17.34	CN¥26.03	x
2022-12-31	CN¥13.65	CN¥26.03	x
2023-12-31	CN¥14.94	CN¥26.03	x
2024-12-31	CN¥14.11	CN¥26.03	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: $2,118,573,594
Average return on equity (ROE) among peers: 8.16%

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	$3.10 Billion
FAWER Automotive Parts Ltd Co (000030)	$8.51 Billion	9.89%	0.75x	$1.25 Billion
Wanxiang Qianchao Co Ltd (000559)	$4.12 Billion	11.29%	1.14x	$7.81 Billion
Weifu High-Technology Group Co Ltd (000581)	$5.34 Billion	22.56%	0.48x	$2.27 Billion
Gui Zhou Tyre Co Ltd (000589)	$1.00 Billion	2.41%	2.13x	$1.14 Billion
Qingdao Doublestar Co Ltd (000599)	$294.61 Million	13.77%	0.22x	$712.32 Million
Hengli Industrial Development Group Co Ltd (000622)	$45.14 Million	0.00%	2.64x	$9.33 Million
Xiangyang Automobile Bearing Co Ltd (000678)	$1.26 Billion	-4.75%	1.19x	$782.86 Million
Jiangnan Mould & Plastic Technology Co Ltd (000700)	$891.72 Million	4.95%	2.78x	$1.62 Billion
Sichuan Haowu Electromechanical Co Ltd (000757)	$-736.34 Million	0.00%	0.00x	$381.19 Million
Anhui Zhongding Sealing Parts Co Ltd (000887)	$456.79 Million	21.42%	0.41x	$3.35 Billion

About Ningbo Huaxiang Electronic Co Ltd

SHE:002048 China Auto Parts

Market Cap

$3.10 Billion

CN¥21.18 Billion CNY

Market Cap Rank

#4832 Global

#902 in China

Share Price

CN¥26.03

Change (1 day)

-1.74%

52-Week Range

CN¥15.10 - CN¥40.43

All Time High

CN¥40.43