Henan Hengxing Science & Technology Co Ltd
Henan Hengxing Science & Technology Co.,Ltd. manufactures and sells metal and chemical products in China. The company produces galvanized steel wires, including ACSR core wire, galvanized steel strand, stay wire and earth wires, and guy wire, as well as PC strand; brass coated steel wire, steel cord for radial tire, diamond wire, and sawing wire for solar wafer cutting that are used in automobil… Read more
Henan Hengxing Science & Technology Co Ltd (002132) - Net Assets
Latest net assets as of September 2025: CN¥3.47 Billion CNY
Based on the latest financial reports, Henan Hengxing Science & Technology Co Ltd (002132) has net assets worth CN¥3.47 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¥8.27 Billion) and total liabilities (CN¥4.80 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¥3.47 Billion |
| % of Total Assets | 41.94% |
| Annual Growth Rate | 16.94% |
| 5-Year Change | 22.1% |
| 10-Year Change | 88.78% |
| Growth Volatility | 35.71 |
Henan Hengxing Science & Technology Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Henan Hengxing Science & Technology 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 Henan Hengxing Science & Technology Co Ltd (2004–2024)
The table below shows the annual net assets of Henan Hengxing Science & Technology Co Ltd from 2004 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.52 Billion | -5.79% |
| 2023-12-31 | CN¥3.73 Billion | -0.43% |
| 2022-12-31 | CN¥3.75 Billion | +3.44% |
| 2021-12-31 | CN¥3.62 Billion | +25.83% |
| 2020-12-31 | CN¥2.88 Billion | +5.80% |
| 2019-12-31 | CN¥2.72 Billion | -3.34% |
| 2018-12-31 | CN¥2.82 Billion | -9.14% |
| 2017-12-31 | CN¥3.10 Billion | +8.24% |
| 2016-12-31 | CN¥2.86 Billion | +53.72% |
| 2015-12-31 | CN¥1.86 Billion | +51.48% |
| 2014-12-31 | CN¥1.23 Billion | +3.97% |
| 2013-12-31 | CN¥1.18 Billion | -2.07% |
| 2012-12-31 | CN¥1.21 Billion | +1.57% |
| 2011-12-31 | CN¥1.19 Billion | +1.60% |
| 2010-12-31 | CN¥1.17 Billion | +27.17% |
| 2009-12-31 | CN¥920.22 Million | +32.16% |
| 2008-12-31 | CN¥696.31 Million | +8.50% |
| 2007-12-31 | CN¥641.75 Million | +155.43% |
| 2006-12-31 | CN¥251.25 Million | +32.71% |
| 2005-12-31 | CN¥189.32 Million | +23.09% |
| 2004-12-31 | CN¥153.81 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Henan Hengxing Science & Technology 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 2589.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥507.72 Million | 14.44% |
| Common Stock | CN¥1.40 Billion | 39.86% |
| Other Comprehensive Income | CN¥316.35 Million | 9.00% |
| Other Components | CN¥1.29 Billion | 36.70% |
| Total Equity | CN¥3.52 Billion | 100.00% |
Henan Hengxing Science & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Henan Hengxing Science & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CH. Karnchang Public Company Limited
BK:CK-R
|
$521.92 Million |
|
Systex Corp
TW:6214
|
$521.95 Million |
|
Nexa Resources SA
NYSE:NEXA
|
$522.11 Million |
|
LS Materials
KQ:417200
|
$522.32 Million |
|
Orizon Valorização de Resíduos S.A
SA:ORVR3
|
$521.51 Million |
|
Hannstar Display Corp
TW:6116
|
$521.49 Million |
|
Financiere de l'Odet
STU:49F
|
$521.40 Million |
|
INVENTIVA S.A.(PROM.)-01
F:6IV
|
$521.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henan Hengxing Science & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,732,107,357 to 3,516,116,220, a change of -215,991,137 (-5.8%).
- Net income of 13,607,471 contributed positively to equity growth.
- Dividend payments of 154,366,739 reduced retained earnings.
- Share repurchases of 150,303,601 reduced equity.
- Other comprehensive income decreased equity by 35,058,645.
- Other factors increased equity by 110,130,377.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥13.61 Million | +0.39% |
| Dividends Paid | CN¥154.37 Million | -4.39% |
| Share Repurchases | CN¥150.30 Million | -4.27% |
| Other Comprehensive Income | CN¥-35.06 Million | -1.0% |
| Other Changes | CN¥110.13 Million | +3.13% |
| Total Change | CN¥- | -5.79% |
Book Value vs Market Value Analysis
This analysis compares Henan Hengxing Science & Technology 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: 1.52x
- 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 17.24x to 1.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.23 | CN¥3.93 | x |
| 2005-12-31 | CN¥0.28 | CN¥3.93 | x |
| 2006-12-31 | CN¥0.37 | CN¥3.93 | x |
| 2007-12-31 | CN¥0.79 | CN¥3.93 | x |
| 2008-12-31 | CN¥0.81 | CN¥3.93 | x |
| 2009-12-31 | CN¥1.00 | CN¥3.93 | x |
| 2010-12-31 | CN¥1.19 | CN¥3.93 | x |
| 2011-12-31 | CN¥1.16 | CN¥3.93 | x |
| 2012-12-31 | CN¥1.27 | CN¥3.93 | x |
| 2013-12-31 | CN¥1.26 | CN¥3.93 | x |
| 2014-12-31 | CN¥1.40 | CN¥3.93 | x |
| 2015-12-31 | CN¥1.81 | CN¥3.93 | x |
| 2016-12-31 | CN¥2.50 | CN¥3.93 | x |
| 2017-12-31 | CN¥2.49 | CN¥3.93 | x |
| 2018-12-31 | CN¥2.23 | CN¥3.93 | x |
| 2019-12-31 | CN¥2.25 | CN¥3.93 | x |
| 2020-12-31 | CN¥2.29 | CN¥3.93 | x |
| 2021-12-31 | CN¥2.74 | CN¥3.93 | x |
| 2022-12-31 | CN¥2.68 | CN¥3.93 | x |
| 2023-12-31 | CN¥2.74 | CN¥3.93 | x |
| 2024-12-31 | CN¥2.58 | CN¥3.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henan Hengxing Science & Technology 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): 0.39%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.27%
- • Asset Turnover: 0.63x
- • Equity Multiplier: 2.31x
- Recent ROE (0.39%) is below the historical average (6.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | 20.88% | 10.40% | 0.68x | 2.97x | CN¥15.83 Million |
| 2005 | 18.83% | 8.59% | 0.73x | 2.99x | CN¥15.82 Million |
| 2006 | 22.46% | 10.31% | 0.90x | 2.41x | CN¥29.51 Million |
| 2007 | 13.34% | 10.53% | 0.78x | 1.62x | CN¥20.73 Million |
| 2008 | 11.22% | 7.70% | 0.77x | 1.90x | CN¥8.49 Million |
| 2009 | 11.09% | 7.40% | 0.70x | 2.13x | CN¥9.36 Million |
| 2010 | 8.17% | 4.80% | 0.72x | 2.38x | CN¥-20.01 Million |
| 2011 | 6.41% | 3.65% | 0.63x | 2.80x | CN¥-39.87 Million |
| 2012 | 1.80% | 1.05% | 0.59x | 2.91x | CN¥-92.88 Million |
| 2013 | 2.74% | 1.79% | 0.53x | 2.90x | CN¥-83.03 Million |
| 2014 | 3.82% | 2.42% | 0.55x | 2.87x | CN¥-73.52 Million |
| 2015 | 2.21% | 2.28% | 0.62x | 1.58x | CN¥-138.87 Million |
| 2016 | 3.80% | 5.12% | 0.48x | 1.54x | CN¥-172.24 Million |
| 2017 | 2.01% | 1.86% | 0.47x | 2.29x | CN¥-224.92 Million |
| 2018 | -4.93% | -4.61% | 0.55x | 1.95x | CN¥-420.53 Million |
| 2019 | 3.12% | 2.51% | 0.71x | 1.76x | CN¥-187.46 Million |
| 2020 | 4.39% | 4.32% | 0.55x | 1.86x | CN¥-156.14 Million |
| 2021 | 4.02% | 4.13% | 0.47x | 2.07x | CN¥-209.19 Million |
| 2022 | 5.00% | 4.24% | 0.55x | 2.15x | CN¥-187.35 Million |
| 2023 | 1.46% | 1.19% | 0.52x | 2.34x | CN¥-318.75 Million |
| 2024 | 0.39% | 0.27% | 0.63x | 2.31x | CN¥-338.00 Million |
Industry Comparison
This section compares Henan Hengxing Science & Technology Co Ltd's net assets metrics with peer companies in the Steel industry.
Industry Context
- Industry: Steel
- Average net assets among peers: $13,874,696,979
- Average return on equity (ROE) among peers: 20.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Henan Hengxing Science & Technology Co Ltd (002132) | CN¥3.47 Billion | 20.88% | 1.38x | $521.83 Million |
| CITIC Pacific Special Steel Group Co Ltd (000708) | $4.40 Billion | 81.30% | 0.74x | $1.84 Billion |
| HBIS Co Ltd (000709) | $7.63 Billion | 11.59% | 1.03x | $1.27 Billion |
| Sgis Songshan Co Ltd (000717) | $8.00 Billion | 22.80% | 1.15x | $443.11 Million |
| Bengang Steel Plates Co Ltd (000761) | $20.01 Billion | 2.78% | 2.03x | $452.44 Million |
| Xinxing Ductile Iron Pipes Co Ltd (000778) | $2.18 Billion | 17.60% | 0.97x | $1.51 Billion |
| Shanxi Taigang Stainless Steel Co Ltd (000825) | $27.34 Billion | 16.91% | 1.72x | $1.33 Billion |
| Jiangsu Fasten Co Ltd (000890) | $1.18 Billion | 1.14% | 1.80x | $283.59 Million |
| Angang Steel Co Ltd Class A (000898) | $60.19 Billion | 11.57% | 0.62x | $1.19 Billion |
| Hunan Valin Steel Co Ltd (000932) | $1.39 Billion | 22.60% | 1.61x | $1.17 Billion |
| Beijing Shougang Co Ltd (000959) | $6.43 Billion | 16.93% | 1.18x | $911.24 Million |