Shanghai Hongda New Material Co Ltd (002211) - Net Assets
Based on the latest financial reports, Shanghai Hongda New Material Co Ltd (002211) has net assets worth CN¥13.57 Million CNY (≈ $1.99 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¥379.77 Million ≈ $55.57 Million USD) and total liabilities (CN¥366.20 Million ≈ $53.59 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. Check 002211 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥13.57 Million |
| % of Total Assets | 3.57% |
| Annual Growth Rate | -7.45% |
| 5-Year Change | -96.85% |
| 10-Year Change | -96.94% |
| Growth Volatility | 57.82 |
Shanghai Hongda New Material Co Ltd - Net Assets Trend (2004–2024)
This chart illustrates how Shanghai Hongda New Material Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shanghai Hongda New Material Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Hongda New Material Co Ltd (2004–2024)
The table below shows the annual net assets of Shanghai Hongda New Material Co Ltd from 2004 to 2024. For live valuation and market cap data, see market value of Shanghai Hongda New Material Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥24.22 Million ≈ $3.54 Million |
-61.71% |
| 2023-12-31 | CN¥63.26 Million ≈ $9.26 Million |
-31.70% |
| 2022-12-31 | CN¥92.63 Million ≈ $13.55 Million |
+74.68% |
| 2021-12-31 | CN¥53.03 Million ≈ $7.76 Million |
-93.11% |
| 2020-12-31 | CN¥769.60 Million ≈ $112.62 Million |
+7.00% |
| 2019-12-31 | CN¥719.24 Million ≈ $105.25 Million |
-9.46% |
| 2018-12-31 | CN¥794.42 Million ≈ $116.25 Million |
-3.86% |
| 2017-12-31 | CN¥826.34 Million ≈ $120.92 Million |
+2.79% |
| 2016-12-31 | CN¥803.91 Million ≈ $117.64 Million |
+1.45% |
| 2015-12-31 | CN¥792.44 Million ≈ $115.96 Million |
-7.07% |
| 2014-12-31 | CN¥852.76 Million ≈ $124.79 Million |
+1.59% |
| 2013-12-31 | CN¥839.43 Million ≈ $122.84 Million |
-51.23% |
| 2012-12-31 | CN¥1.72 Billion ≈ $251.88 Million |
+0.60% |
| 2011-12-31 | CN¥1.71 Billion ≈ $250.38 Million |
-1.11% |
| 2010-12-31 | CN¥1.73 Billion ≈ $253.19 Million |
+77.45% |
| 2009-12-31 | CN¥975.07 Million ≈ $142.68 Million |
+2.80% |
| 2008-12-31 | CN¥948.52 Million ≈ $138.80 Million |
+189.29% |
| 2007-12-31 | CN¥327.88 Million ≈ $47.98 Million |
+55.62% |
| 2006-12-31 | CN¥210.69 Million ≈ $30.83 Million |
+35.71% |
| 2005-12-31 | CN¥155.25 Million ≈ $22.72 Million |
+36.24% |
| 2004-12-31 | CN¥113.95 Million ≈ $16.67 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Shanghai Hongda New Material 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 decreased by 7989.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥432.48 Million | 1785.49% |
| Other Comprehensive Income | CN¥35.03 Million | 144.62% |
| Other Components | CN¥1.02 Billion | 4216.13% |
| Total Equity | CN¥24.22 Million | 100.00% |
Shanghai Hongda New Material Co Ltd Competitors by Market Cap
The table below lists competitors of Shanghai Hongda New Material Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rackspace Technology Inc
NASDAQ:RXT
|
$239.95 Million |
|
Hexagon Composites ASA
OL:HEX
|
$239.96 Million |
|
Export Inv
TA:EXPO
|
$240.00 Million |
|
Lavipharm S.A
AT:LAVI
|
$240.04 Million |
|
Victoria Care Indonesia Tbk Pt
JK:VICI
|
$239.77 Million |
|
Praemium Ltd
AU:PPS
|
$239.72 Million |
|
Highview Merger Corp. Class A Ordinary Share
NASDAQ:HVMC
|
$239.68 Million |
|
HUYA Inc
NYSE:HUYA
|
$239.50 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Hongda New Material Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 63,264,252 to 24,221,676, a change of -39,042,576 (-61.7%).
- Net loss of 39,042,574 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-39.04 Million | -161.19% |
| Other Changes | CN¥-2.00 | -0.0% |
| Total Change | CN¥- | -61.71% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Hongda New Material 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: 67.88x
- 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 increased from 4.54x to 67.88x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.84 | CN¥3.79 | x |
| 2005-12-31 | CN¥1.14 | CN¥3.79 | x |
| 2006-12-31 | CN¥0.79 | CN¥3.79 | x |
| 2007-12-31 | CN¥1.15 | CN¥3.79 | x |
| 2008-12-31 | CN¥2.56 | CN¥3.79 | x |
| 2009-12-31 | CN¥2.59 | CN¥3.79 | x |
| 2010-12-31 | CN¥4.59 | CN¥3.79 | x |
| 2011-12-31 | CN¥3.49 | CN¥3.79 | x |
| 2012-12-31 | CN¥3.91 | CN¥3.79 | x |
| 2013-12-31 | CN¥1.88 | CN¥3.79 | x |
| 2014-12-31 | CN¥1.99 | CN¥3.79 | x |
| 2015-12-31 | CN¥1.76 | CN¥3.79 | x |
| 2016-12-31 | CN¥2.11 | CN¥3.79 | x |
| 2017-12-31 | CN¥1.94 | CN¥3.79 | x |
| 2018-12-31 | CN¥2.14 | CN¥3.79 | x |
| 2019-12-31 | CN¥1.66 | CN¥3.79 | x |
| 2020-12-31 | CN¥1.83 | CN¥3.79 | x |
| 2021-12-31 | CN¥0.12 | CN¥3.79 | x |
| 2022-12-31 | CN¥0.21 | CN¥3.79 | x |
| 2023-12-31 | CN¥0.15 | CN¥3.79 | x |
| 2024-12-31 | CN¥0.06 | CN¥3.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Hongda New Material 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): -161.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.23%
- • Asset Turnover: 0.79x
- • Equity Multiplier: 18.10x
- Recent ROE (-161.19%) is below the historical average (-38.49%), 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 | 14.37% | 5.19% | 1.25x | 2.21x | CN¥4.62 Million |
| 2005 | 27.37% | 9.02% | 1.34x | 2.27x | CN¥24.95 Million |
| 2006 | 25.38% | 9.34% | 0.97x | 2.81x | CN¥29.26 Million |
| 2007 | 28.45% | 13.68% | 0.73x | 2.84x | CN¥55.35 Million |
| 2008 | 4.69% | 6.77% | 0.50x | 1.40x | CN¥-49.31 Million |
| 2009 | 3.86% | 5.88% | 0.42x | 1.57x | CN¥-58.43 Million |
| 2010 | 5.01% | 8.98% | 0.39x | 1.45x | CN¥-84.76 Million |
| 2011 | -1.15% | -2.04% | 0.38x | 1.47x | CN¥-187.30 Million |
| 2012 | 0.22% | 0.44% | 0.31x | 1.58x | CN¥-165.30 Million |
| 2013 | -107.72% | -109.13% | 0.46x | 2.14x | CN¥-957.66 Million |
| 2014 | 1.51% | 1.61% | 0.61x | 1.53x | CN¥-70.08 Million |
| 2015 | -7.94% | -9.04% | 0.65x | 1.35x | CN¥-137.08 Million |
| 2016 | 1.42% | 1.62% | 0.64x | 1.38x | CN¥-66.46 Million |
| 2017 | 2.57% | 2.16% | 0.79x | 1.50x | CN¥-58.96 Million |
| 2018 | 1.40% | 1.03% | 0.91x | 1.49x | CN¥-68.31 Million |
| 2019 | -12.23% | -7.97% | 1.01x | 1.52x | CN¥-159.92 Million |
| 2020 | 6.54% | 5.47% | 0.80x | 1.49x | CN¥-26.60 Million |
| 2021 | -637.22% | -61.02% | 1.07x | 9.76x | CN¥-343.20 Million |
| 2022 | 42.75% | 10.86% | 1.06x | 3.73x | CN¥30.34 Million |
| 2023 | -46.41% | -12.50% | 0.76x | 4.89x | CN¥-35.69 Million |
| 2024 | -161.19% | -11.23% | 0.79x | 18.10x | CN¥-41.46 Million |
Industry Comparison
This section compares Shanghai Hongda New Material Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $6,138,789,725
- Average return on equity (ROE) among peers: 10.33%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Hongda New Material Co Ltd (002211) | CN¥13.57 Million | 14.37% | 26.99x | $239.85 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $7.23 Billion | -2.15% | 2.93x | $1.21 Billion |
| Sichuan Chemical Co Ltd (000155) | $1.91 Billion | 7.06% | 0.54x | $4.43 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $35.70 Billion | 1.71% | 3.66x | $12.52 Billion |
| Zangge Holding Co Ltd (000408) | $54.34 Million | 16.98% | 1.99x | $19.90 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $341.38 Million | 13.56% | 0.81x | $1.59 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $24.25 Million | 13.70% | 13.57x | $444.77 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $638.00 Million | 0.68% | 1.30x | $912.87 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $907.04 Million | 5.27% | 3.14x | $477.54 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $527.87 Million | 11.23% | 0.11x | $362.87 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $14.05 Billion | 35.21% | 0.86x | $4.66 Billion |
About Shanghai Hongda New Material Co Ltd
Shanghai Hongda New Material Co., Ltd., together with its subsidiaries, engages in the production and sale of silicone rubber in China. It also offers information security communication equipment. The company was formerly known as Jiangsu Hongda New Material Co., Ltd. And changed its name to Shanghai Hongda New Material Co., Ltd. Shanghai Hongda New Material Co., Ltd. was founded in 2002 and is b… Read more