Hengbao Co Ltd
Hengbao Co.,Ltd. engages in the financial technology, Internet of Things, digital security and digital services in China and internationally. The company offers card payment and security services; blockchain finance, digital asset wallet, and supply chain financial platform; mobile communications and the internet of things, including sim, esim, and M2M card. It also provides smart password key, e… Read more
Hengbao Co Ltd (002104) - Net Assets
Latest net assets as of September 2025: CN¥2.14 Billion CNY
Based on the latest financial reports, Hengbao Co Ltd (002104) has net assets worth CN¥2.14 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¥2.39 Billion) and total liabilities (CN¥247.11 Million). 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¥2.14 Billion |
| % of Total Assets | 89.66% |
| Annual Growth Rate | 19.22% |
| 5-Year Change | 7.98% |
| 10-Year Change | 37.06% |
| Growth Volatility | 40.42 |
Hengbao Co Ltd - Net Assets Trend (2003–2024)
This chart illustrates how Hengbao 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 Hengbao Co Ltd (2003–2024)
The table below shows the annual net assets of Hengbao Co Ltd from 2003 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.15 Billion | +1.22% |
| 2023-12-31 | CN¥2.12 Billion | +8.54% |
| 2022-12-31 | CN¥1.96 Billion | +6.05% |
| 2021-12-31 | CN¥1.84 Billion | -7.32% |
| 2020-12-31 | CN¥1.99 Billion | -1.35% |
| 2019-12-31 | CN¥2.02 Billion | +1.74% |
| 2018-12-31 | CN¥1.98 Billion | +5.42% |
| 2017-12-31 | CN¥1.88 Billion | +13.03% |
| 2016-12-31 | CN¥1.66 Billion | +6.13% |
| 2015-12-31 | CN¥1.57 Billion | +25.30% |
| 2014-12-31 | CN¥1.25 Billion | +29.65% |
| 2013-12-31 | CN¥965.07 Million | +19.35% |
| 2012-12-31 | CN¥808.61 Million | +14.47% |
| 2011-12-31 | CN¥706.40 Million | +10.99% |
| 2010-12-31 | CN¥636.45 Million | +16.45% |
| 2009-12-31 | CN¥546.53 Million | +13.37% |
| 2008-12-31 | CN¥482.09 Million | +4.84% |
| 2007-12-31 | CN¥459.86 Million | +11.53% |
| 2006-12-31 | CN¥412.30 Million | +181.72% |
| 2005-12-31 | CN¥146.35 Million | +46.19% |
| 2004-12-31 | CN¥100.11 Million | +86.95% |
| 2003-12-31 | CN¥53.55 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hengbao 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 9931.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.14 Billion | 53.09% |
| Common Stock | CN¥706.97 Million | 32.90% |
| Other Comprehensive Income | CN¥248.24 Million | 11.55% |
| Other Components | CN¥52.78 Million | 2.46% |
| Total Equity | CN¥2.15 Billion | 100.00% |
Hengbao Co Ltd Competitors by Market Cap
The table below lists competitors of Hengbao Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Avis Budget Group Inc
NASDAQ:CAR
|
$1.33 Billion |
|
Parkway Life Real Estate Investment Trust
PINK:PRKWF
|
$1.34 Billion |
|
Atlas Energy Solutions Inc.
NYSE:AESI
|
$1.34 Billion |
|
PCCOF
PINK:PCCOF
|
$1.34 Billion |
|
Lianhe Chemical Technology Co Ltd
SHE:002250
|
$1.33 Billion |
|
Proto Labs Inc
NYSE:PRLB
|
$1.33 Billion |
|
Tokuyama Corporation
F:TBT
|
$1.33 Billion |
|
Zhende Medical Co Ltd
SHG:603301
|
$1.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hengbao Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,122,967,300 to 2,148,940,901, a change of 25,973,601 (1.2%).
- Net income of 95,018,673 contributed positively to equity growth.
- Dividend payments of 93,467,075 reduced retained earnings.
- Other comprehensive income increased equity by 246,437,355.
- Other factors decreased equity by 222,015,352.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥95.02 Million | +4.42% |
| Dividends Paid | CN¥93.47 Million | -4.35% |
| Other Comprehensive Income | CN¥246.44 Million | +11.47% |
| Other Changes | CN¥-222.02 Million | -10.33% |
| Total Change | CN¥- | 1.22% |
Book Value vs Market Value Analysis
This analysis compares Hengbao 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: 5.58x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 222.22x to 5.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.08 | CN¥17.06 | x |
| 2004-12-31 | CN¥0.13 | CN¥17.06 | x |
| 2005-12-31 | CN¥0.23 | CN¥17.06 | x |
| 2006-12-31 | CN¥0.74 | CN¥17.06 | x |
| 2007-12-31 | CN¥0.62 | CN¥17.06 | x |
| 2008-12-31 | CN¥0.68 | CN¥17.06 | x |
| 2009-12-31 | CN¥0.76 | CN¥17.06 | x |
| 2010-12-31 | CN¥0.91 | CN¥17.06 | x |
| 2011-12-31 | CN¥0.99 | CN¥17.06 | x |
| 2012-12-31 | CN¥1.15 | CN¥17.06 | x |
| 2013-12-31 | CN¥1.35 | CN¥17.06 | x |
| 2014-12-31 | CN¥1.76 | CN¥17.06 | x |
| 2015-12-31 | CN¥2.18 | CN¥17.06 | x |
| 2016-12-31 | CN¥2.29 | CN¥17.06 | x |
| 2017-12-31 | CN¥2.52 | CN¥17.06 | x |
| 2018-12-31 | CN¥2.67 | CN¥17.06 | x |
| 2019-12-31 | CN¥2.76 | CN¥17.06 | x |
| 2020-12-31 | CN¥2.77 | CN¥17.06 | x |
| 2021-12-31 | CN¥2.65 | CN¥17.06 | x |
| 2022-12-31 | CN¥2.80 | CN¥17.06 | x |
| 2023-12-31 | CN¥3.03 | CN¥17.06 | x |
| 2024-12-31 | CN¥3.06 | CN¥17.06 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hengbao 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): 4.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.52%
- • Asset Turnover: 0.37x
- • Equity Multiplier: 1.13x
- Recent ROE (4.42%) is below the historical average (13.59%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 5.20% | 3.17% | 0.49x | 3.35x | CN¥-2.57 Million |
| 2004 | 38.28% | 21.54% | 0.77x | 2.32x | CN¥24.77 Million |
| 2005 | 30.80% | 22.75% | 0.67x | 2.02x | CN¥26.45 Million |
| 2006 | 10.78% | 16.97% | 0.46x | 1.38x | CN¥3.05 Million |
| 2007 | 14.01% | 17.43% | 0.61x | 1.32x | CN¥17.56 Million |
| 2008 | 16.90% | 21.67% | 0.66x | 1.18x | CN¥33.14 Million |
| 2009 | 17.23% | 22.07% | 0.72x | 1.09x | CN¥39.35 Million |
| 2010 | 16.47% | 15.73% | 0.90x | 1.16x | CN¥40.94 Million |
| 2011 | 16.38% | 14.87% | 0.91x | 1.21x | CN¥44.86 Million |
| 2012 | 15.75% | 13.69% | 0.86x | 1.33x | CN¥46.48 Million |
| 2013 | 20.81% | 15.92% | 1.03x | 1.27x | CN¥104.28 Million |
| 2014 | 23.35% | 18.84% | 0.98x | 1.27x | CN¥167.07 Million |
| 2015 | 23.82% | 20.37% | 0.95x | 1.23x | CN¥215.23 Million |
| 2016 | 8.95% | 10.82% | 0.67x | 1.24x | CN¥-17.18 Million |
| 2017 | 9.07% | 11.89% | 0.63x | 1.22x | CN¥-16.77 Million |
| 2018 | 7.68% | 8.61% | 0.75x | 1.19x | CN¥-43.91 Million |
| 2019 | 4.50% | 5.65% | 0.65x | 1.22x | CN¥-106.06 Million |
| 2020 | 0.09% | 0.16% | 0.45x | 1.22x | CN¥-191.21 Million |
| 2021 | 2.88% | 5.53% | 0.44x | 1.18x | CN¥-131.35 Million |
| 2022 | 4.19% | 7.92% | 0.45x | 1.16x | CN¥-113.69 Million |
| 2023 | 7.42% | 12.48% | 0.53x | 1.13x | CN¥-54.72 Million |
| 2024 | 4.42% | 10.52% | 0.37x | 1.13x | CN¥-119.88 Million |
Industry Comparison
This section compares Hengbao Co Ltd's net assets metrics with peer companies in the Business Equipment & Supplies industry.
Industry Context
- Industry: Business Equipment & Supplies
- Average net assets among peers: $2,113,305,439
- Average return on equity (ROE) among peers: -9.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hengbao Co Ltd (002104) | CN¥2.14 Billion | 5.20% | 0.12x | $1.33 Billion |
| Shaanxi Fenghuo Electronics Co Ltd (000561) | $198.10 Million | -149.80% | 6.60x | $733.63 Million |
| Guangbo Group Stock Co Ltd (002103) | $1.63 Billion | 5.06% | 0.32x | $325.29 Million |
| GRG Banking Equipment Co Ltd (002152) | $9.48 Billion | 9.48% | 0.34x | $2.00 Billion |
| Guangzhou KingTeller Technology Co Ltd (002177) | $1.24 Billion | 7.58% | 0.20x | $799.98 Million |
| Shenzhen Comix Group Co Ltd (002301) | $1.12 Billion | 6.25% | 0.41x | $388.88 Million |
| Shandong New Beiyang Information Technology Co Ltd (002376) | $4.14 Billion | 1.17% | 0.32x | $606.96 Million |
| Suzhou Goldengreen Technologies Ltd (002808) | $566.62 Million | 6.12% | 0.21x | $86.19 Million |
| Wuhan Tianyu Info Industry (300205) | $230.23 Million | 22.64% | 1.53x | $174.42 Million |
| Shandong Synthesis Electronic Technology Co Ltd (300479) | $407.81 Million | 5.05% | 0.25x | $383.73 Million |