Henan Hengxing Science & Technology Co Ltd Net Assets

Latest as of September 2025: CN¥3.47 Billion CNY ≈ $507.86 Million USD

Henan Hengxing Science & Technology Co Ltd net assets. Based on the latest financial reports, Henan Hengxing Science & Technology Co Ltd (002132) has net assets worth CN¥3.47 Billion CNY (≈ $507.86 Million 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¥8.27 Billion ≈ $1.21 Billion USD) and total liabilities (CN¥4.80 Billion ≈ $703.02 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. See 002132 net asset quality index to measure how much of total assets are equity-financed.

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

Net Assets of Henan Hengxing Science & Technology Co Ltd (2004–2024)

Net assets of Henan Hengxing Science & Technology Co Ltd from 2004 to 2024. This chart illustrates how Henan Hengxing Science & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002132 shareholders equity momentum to track the company's year-over-year net asset growth rate.

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. For live market cap and overall valuation, see Henan Hengxing Science & Technology Co L market cap and net worth.

Year	Net Assets	Change
2024-12-31	CN¥3.52 Billion ≈ $514.52 Million	-5.79%
2023-12-31	CN¥3.73 Billion ≈ $546.12 Million	-0.43%
2022-12-31	CN¥3.75 Billion ≈ $548.47 Million	+3.44%
2021-12-31	CN¥3.62 Billion ≈ $530.22 Million	+25.83%
2020-12-31	CN¥2.88 Billion ≈ $421.39 Million	+5.80%
2019-12-31	CN¥2.72 Billion ≈ $398.27 Million	-3.34%
2018-12-31	CN¥2.82 Billion ≈ $412.05 Million	-9.14%
2017-12-31	CN¥3.10 Billion ≈ $453.50 Million	+8.24%
2016-12-31	CN¥2.86 Billion ≈ $418.98 Million	+53.72%
2015-12-31	CN¥1.86 Billion ≈ $272.55 Million	+51.48%
2014-12-31	CN¥1.23 Billion ≈ $179.93 Million	+3.97%
2013-12-31	CN¥1.18 Billion ≈ $173.05 Million	-2.07%
2012-12-31	CN¥1.21 Billion ≈ $176.71 Million	+1.57%
2011-12-31	CN¥1.19 Billion ≈ $173.98 Million	+1.60%
2010-12-31	CN¥1.17 Billion ≈ $171.24 Million	+27.17%
2009-12-31	CN¥920.22 Million ≈ $134.66 Million	+32.16%
2008-12-31	CN¥696.31 Million ≈ $101.89 Million	+8.50%
2007-12-31	CN¥641.75 Million ≈ $93.91 Million	+155.43%
2006-12-31	CN¥251.25 Million ≈ $36.77 Million	+32.71%
2005-12-31	CN¥189.32 Million ≈ $27.70 Million	+23.09%
2004-12-31	CN¥153.81 Million ≈ $22.51 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.

Henan Hengxing Science & Technology Co Ltd Net Assets Breakdown (December 2024)

Henan Hengxing Science & Technology Co Ltd net assets breakdown by equity component as of 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
XiAn Tian He Defense Technology Co Ltd SHE:300397	$701.41 Million
Wenzhou Hongfeng Electrical Alloy Co Ltd SHE:300283	$701.78 Million
Kronos Worldwide Inc NYSE:KRO	$701.82 Million
Anyang Iron & Steel Inc SHG:600569	$701.94 Million
Vitesse Energy Inc NYSE:VTS	$701.19 Million
Changzhou Architectural Research Institute Group Co. Ltd. A SHE:301115	$701.18 Million
Up Fintech Holding Ltd NASDAQ:TIGR	$700.83 Million
American Woodmark Corporation NASDAQ:AMWD	$700.65 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: 1.32x
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 15.00x to 1.32x 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¥3.42	x
2005-12-31	CN¥0.28	CN¥3.42	x
2006-12-31	CN¥0.37	CN¥3.42	x
2007-12-31	CN¥0.79	CN¥3.42	x
2008-12-31	CN¥0.81	CN¥3.42	x
2009-12-31	CN¥1.00	CN¥3.42	x
2010-12-31	CN¥1.19	CN¥3.42	x
2011-12-31	CN¥1.16	CN¥3.42	x
2012-12-31	CN¥1.27	CN¥3.42	x
2013-12-31	CN¥1.26	CN¥3.42	x
2014-12-31	CN¥1.40	CN¥3.42	x
2015-12-31	CN¥1.81	CN¥3.42	x
2016-12-31	CN¥2.50	CN¥3.42	x
2017-12-31	CN¥2.49	CN¥3.42	x
2018-12-31	CN¥2.23	CN¥3.42	x
2019-12-31	CN¥2.25	CN¥3.42	x
2020-12-31	CN¥2.29	CN¥3.42	x
2021-12-31	CN¥2.74	CN¥3.42	x
2022-12-31	CN¥2.68	CN¥3.42	x
2023-12-31	CN¥2.74	CN¥3.42	x
2024-12-31	CN¥2.58	CN¥3.42	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: $9,223,449,053
Average return on equity (ROE) among peers: 15.35%

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	$701.41 Million
CITIC Pacific Special Steel Group Co Ltd (000708)	$25.28 Billion	21.31%	1.87x	$8.80 Billion
HBIS Co Ltd (000709)	$8.84 Billion	12.84%	1.78x	$2.87 Billion
Sgis Songshan Co Ltd (000717)	$327.09 Million	52.31%	0.75x	$702.28 Million
Bengang Steel Plates Co Ltd (000761)	$15.68 Billion	1.76%	1.75x	$1.17 Billion
Xinxing Ductile Iron Pipes Co Ltd (000778)	$3.89 Billion	15.97%	1.06x	$1.95 Billion
Shanxi Taigang Stainless Steel Co Ltd (000825)	$5.35 Billion	18.84%	1.07x	$2.68 Billion
Jiangsu Fasten Co Ltd (000890)	$1.15 Billion	9.68%	1.59x	$341.92 Million
Angang Steel Co Ltd Class A (000898)	$11.33 Billion	18.69%	0.26x	$2.21 Billion
Hunan Valin Steel Co Ltd (000932)	$12.93 Billion	0.82%	4.47x	$3.40 Billion
Beijing Shougang Co Ltd (000959)	$7.46 Billion	1.33%	1.11x	$3.62 Billion

About Henan Hengxing Science & Technology Co Ltd

SHE:002132 China Steel

Market Cap

$701.41 Million

CN¥4.79 Billion CNY

Market Cap Rank

#10298 Global

#2677 in China

Share Price

CN¥3.42

Change (1 day)

-3.66%

52-Week Range

CN¥3.35 - CN¥6.25

All Time High

CN¥7.83