Hengbao Co Ltd Net Assets

Latest as of June 2026: CN¥2.10 Billion CNY ≈ $307.84 Million USD

Hengbao Co Ltd net assets. Based on the latest financial reports, Hengbao Co Ltd (002104) has net assets worth CN¥2.10 Billion CNY (≈ $307.84 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.31 Billion ≈ $337.83 Million USD) and total liabilities (CN¥204.90 Million ≈ $29.98 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. Also explore net asset momentum of Hengbao Co Ltd to track the company's year-over-year net asset growth rate.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.10 Billion
% of Total Assets	91.12%
Annual Growth Rate	18.3%
5-Year Change	17.1%
10-Year Change	29.79%
Growth Volatility	39.79

Net Assets of Hengbao Co Ltd (2003–2025)

Net assets of Hengbao Co Ltd from 2003 to 2025. This chart illustrates how Hengbao Co Ltd's net assets have evolved over time, based on quarterly financial data. See net asset quality index of Hengbao Co Ltd to measure how much of total assets are equity-financed.

Annual Net Assets for Hengbao Co Ltd (2003–2025)

The table below shows the annual net assets of Hengbao Co Ltd from 2003 to 2025. For live market cap and overall valuation, see Hengbao Co Ltd (002104) total market value.

Year	Net Assets	Change
2025-12-31	CN¥2.16 Billion ≈ $316.03 Million	+0.50%
2024-12-31	CN¥2.15 Billion ≈ $314.46 Million	+1.22%
2023-12-31	CN¥2.12 Billion ≈ $310.66 Million	+8.54%
2022-12-31	CN¥1.96 Billion ≈ $286.23 Million	+6.05%
2021-12-31	CN¥1.84 Billion ≈ $269.89 Million	-7.32%
2020-12-31	CN¥1.99 Billion ≈ $291.21 Million	-1.35%
2019-12-31	CN¥2.02 Billion ≈ $295.19 Million	+1.74%
2018-12-31	CN¥1.98 Billion ≈ $290.13 Million	+5.42%
2017-12-31	CN¥1.88 Billion ≈ $275.21 Million	+13.03%
2016-12-31	CN¥1.66 Billion ≈ $243.49 Million	+6.13%
2015-12-31	CN¥1.57 Billion ≈ $229.43 Million	+25.30%
2014-12-31	CN¥1.25 Billion ≈ $183.09 Million	+29.65%
2013-12-31	CN¥965.07 Million ≈ $141.22 Million	+19.35%
2012-12-31	CN¥808.61 Million ≈ $118.32 Million	+14.47%
2011-12-31	CN¥706.40 Million ≈ $103.37 Million	+10.99%
2010-12-31	CN¥636.45 Million ≈ $93.13 Million	+16.45%
2009-12-31	CN¥546.53 Million ≈ $79.98 Million	+13.37%
2008-12-31	CN¥482.09 Million ≈ $70.54 Million	+4.84%
2007-12-31	CN¥459.86 Million ≈ $67.29 Million	+11.53%
2006-12-31	CN¥412.30 Million ≈ $60.33 Million	+181.72%
2005-12-31	CN¥146.35 Million ≈ $21.42 Million	+46.19%
2004-12-31	CN¥100.11 Million ≈ $14.65 Million	+86.95%
2003-12-31	CN¥53.55 Million ≈ $7.84 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 9903.3% over the analyzed period, indicating profitable operations and earnings retention.

Hengbao Co Ltd Net Assets Breakdown (December 2025)

Hengbao Co Ltd net assets breakdown by equity component as of December 2025.

Component	Amount	Percentage
Retained Earnings	CN¥1.14 Billion	52.68%
Other Components	CN¥1.02 Billion	47.32%
Total Equity	CN¥2.16 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
Shanghai Electric Group Company Limited F:USR	$926.90 Million
Total Energy Services Inc. TO:TOT	$927.26 Million
Jiangsu Riying Electns Co Ltd SHG:603286	$927.48 Million
Shanghai Cooltech Power Co Ltd SHE:300153	$927.62 Million
Farmers National Banc Corp NASDAQ:FMNB	$926.63 Million
Exmar NV BR:EXM	$926.36 Million
Astra Otoparts Tbk JK:AUTO	$926.33 Million
Magellan Financial Group Ltd AU:MFG	$926.10 Million

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 2024 to 2025, total equity changed from 2,148,940,901 to 2,159,685,639, a change of 10,744,738 (0.5%).
Net income of 58,742,967 contributed positively to equity growth.
Dividend payments of 57,008,555 reduced retained earnings.
Other comprehensive income decreased equity by 248,243,120.
Other factors increased equity by 257,253,447.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥58.74 Million	+2.72%
Dividends Paid	CN¥57.01 Million	-2.64%
Other Comprehensive Income	CN¥-248.24 Million	-11.49%
Other Changes	CN¥257.25 Million	+11.91%
Total Change	CN¥-	0.50%

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: 2.93x
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 116.45x to 2.93x 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¥8.94	x
2004-12-31	CN¥0.13	CN¥8.94	x
2005-12-31	CN¥0.23	CN¥8.94	x
2006-12-31	CN¥0.74	CN¥8.94	x
2007-12-31	CN¥0.62	CN¥8.94	x
2008-12-31	CN¥0.68	CN¥8.94	x
2009-12-31	CN¥0.76	CN¥8.94	x
2010-12-31	CN¥0.91	CN¥8.94	x
2011-12-31	CN¥0.99	CN¥8.94	x
2012-12-31	CN¥1.15	CN¥8.94	x
2013-12-31	CN¥1.35	CN¥8.94	x
2014-12-31	CN¥1.76	CN¥8.94	x
2015-12-31	CN¥2.18	CN¥8.94	x
2016-12-31	CN¥2.29	CN¥8.94	x
2017-12-31	CN¥2.52	CN¥8.94	x
2018-12-31	CN¥2.67	CN¥8.94	x
2019-12-31	CN¥2.76	CN¥8.94	x
2020-12-31	CN¥2.77	CN¥8.94	x
2021-12-31	CN¥2.65	CN¥8.94	x
2022-12-31	CN¥2.80	CN¥8.94	x
2023-12-31	CN¥3.03	CN¥8.94	x
2024-12-31	CN¥3.06	CN¥8.94	x
2025-12-31	CN¥3.05	CN¥8.94	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): 2.72%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.78%
• Asset Turnover: 0.36x
• Equity Multiplier: 1.11x
Recent ROE (2.72%) is below the historical average (13.12%), 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
2025	2.72%	6.78%	0.36x	1.11x	CN¥-157.23 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: $2,401,203,666
Average return on equity (ROE) among peers: 6.83%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hengbao Co Ltd (002104)	CN¥2.10 Billion	5.20%	0.10x	$926.67 Million
Shaanxi Fenghuo Electronics Co Ltd (000561)	$991.07 Million	3.08%	0.68x	$877.45 Million
Guangbo Group Stock Co Ltd (002103)	$655.39 Million	10.20%	0.72x	$467.52 Million
GRG Banking Equipment Co Ltd (002152)	$9.48 Billion	9.48%	0.34x	$2.94 Billion
Guangzhou KingTeller Technology Co Ltd (002177)	$1.69 Billion	0.81%	0.22x	$544.68 Million
Shenzhen Comix Group Co Ltd (002301)	$2.51 Billion	7.63%	1.80x	$691.35 Million
Shandong New Beiyang Information Technology Co Ltd (002376)	$3.86 Billion	3.78%	0.67x	$897.88 Million
Suzhou Goldengreen Technologies Ltd (002808)	$264.49 Million	15.90%	0.16x	$8.65 Million
Xgd Inc (300130)	$1.04 Billion	5.30%	0.21x	$1.34 Billion
Wuhan Tianyu Info Industry (300205)	$1.11 Billion	5.26%	0.82x	$281.30 Million

About Hengbao Co Ltd

SHE:002104 China Business Equipment & Supplies

Market Cap

$926.67 Million

CN¥6.33 Billion CNY

Market Cap Rank

#8852 Global

#2053 in China

Share Price

CN¥8.94

Change (1 day)

-4.49%

52-Week Range

CN¥8.94 - CN¥22.42

All Time High

CN¥30.50