Hongbo Co Ltd
Hongbo Co.,Ltd. engages in the security printing business in China and internationally. The company is also involved in the production and sales of thermal paper lottery ticket products, ordinary tax invoices, certificates and other ticket products; production and sales of packaging and decoration products, office paper, and other products; lottery ticket purchasing, new lottery development, and … Read more
Hongbo Co Ltd (002229) - Net Assets
Latest net assets as of September 2025: CN¥1.36 Billion CNY
Based on the latest financial reports, Hongbo Co Ltd (002229) has net assets worth CN¥1.36 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¥2.43 Billion) and total liabilities (CN¥1.07 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¥1.36 Billion |
| % of Total Assets | 55.86% |
| Annual Growth Rate | 14.56% |
| 5-Year Change | -24.26% |
| 10-Year Change | 28.47% |
| Growth Volatility | 45.03 |
Hongbo Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Hongbo 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 Hongbo Co Ltd (2005–2024)
The table below shows the annual net assets of Hongbo Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.34 Billion | -19.07% |
| 2023-12-31 | CN¥1.66 Billion | -3.48% |
| 2022-12-31 | CN¥1.72 Billion | -3.49% |
| 2021-12-31 | CN¥1.78 Billion | +0.46% |
| 2020-12-31 | CN¥1.78 Billion | -1.05% |
| 2019-12-31 | CN¥1.79 Billion | +5.71% |
| 2018-12-31 | CN¥1.70 Billion | -3.68% |
| 2017-12-31 | CN¥1.76 Billion | -3.82% |
| 2016-12-31 | CN¥1.83 Billion | +75.05% |
| 2015-12-31 | CN¥1.05 Billion | +15.25% |
| 2014-12-31 | CN¥908.22 Million | +2.07% |
| 2013-12-31 | CN¥889.84 Million | +3.87% |
| 2012-12-31 | CN¥856.69 Million | +1.39% |
| 2011-12-31 | CN¥844.95 Million | +54.99% |
| 2010-12-31 | CN¥545.17 Million | +15.09% |
| 2009-12-31 | CN¥473.68 Million | +6.36% |
| 2008-12-31 | CN¥445.34 Million | +188.22% |
| 2007-12-31 | CN¥154.52 Million | +25.49% |
| 2006-12-31 | CN¥123.13 Million | +21.17% |
| 2005-12-31 | CN¥101.62 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hongbo 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 298.9% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥496.19 Million | 39.61% |
| Other Comprehensive Income | CN¥74.42 Million | 5.94% |
| Other Components | CN¥819.82 Million | 65.45% |
| Total Equity | CN¥1.25 Billion | 100.00% |
Hongbo Co Ltd Competitors by Market Cap
The table below lists competitors of Hongbo Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Befar Group Co Ltd
SHG:601678
|
$1.12 Billion |
|
Innovex International, Inc
NYSE:INVX
|
$1.12 Billion |
|
Jiangsu Lopal Tech Co Ltd
SHG:603906
|
$1.12 Billion |
|
Xior Student Housing BVBA
F:5XR
|
$1.12 Billion |
|
Aksa Akrilik Kimya Sanayi AS
IS:AKSA
|
$1.12 Billion |
|
Bristow Group Inc
NYSE:VTOL
|
$1.12 Billion |
|
Oppein Home Group Inc
SHG:603833
|
$1.12 Billion |
|
Wuxi Dk Electronic Materials Co Ltd
SHE:300842
|
$1.12 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hongbo Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,551,249,970 to 1,252,622,117, a change of -298,627,853 (-19.3%).
- Net loss of 293,349,333 reduced equity.
- Dividend payments of 15,540,640 reduced retained earnings.
- Share repurchases of 7,210,517 reduced equity.
- Other comprehensive income increased equity by 74,418,782.
- Other factors decreased equity by 56,946,145.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-293.35 Million | -23.42% |
| Dividends Paid | CN¥15.54 Million | -1.24% |
| Share Repurchases | CN¥7.21 Million | -0.58% |
| Other Comprehensive Income | CN¥74.42 Million | +5.94% |
| Other Changes | CN¥-56.95 Million | -4.55% |
| Total Change | CN¥- | -19.25% |
Book Value vs Market Value Analysis
This analysis compares Hongbo 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: 6.61x
- 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 16.00x to 6.61x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥1.05 | CN¥16.80 | x |
| 2006-12-31 | CN¥1.26 | CN¥16.80 | x |
| 2007-12-31 | CN¥0.53 | CN¥16.80 | x |
| 2008-12-31 | CN¥1.15 | CN¥16.80 | x |
| 2009-12-31 | CN¥1.24 | CN¥16.80 | x |
| 2010-12-31 | CN¥1.30 | CN¥16.80 | x |
| 2011-12-31 | CN¥1.95 | CN¥16.80 | x |
| 2012-12-31 | CN¥1.82 | CN¥16.80 | x |
| 2013-12-31 | CN¥1.89 | CN¥16.80 | x |
| 2014-12-31 | CN¥1.93 | CN¥16.80 | x |
| 2015-12-31 | CN¥1.95 | CN¥16.80 | x |
| 2016-12-31 | CN¥3.75 | CN¥16.80 | x |
| 2017-12-31 | CN¥3.26 | CN¥16.80 | x |
| 2018-12-31 | CN¥3.22 | CN¥16.80 | x |
| 2019-12-31 | CN¥3.39 | CN¥16.80 | x |
| 2020-12-31 | CN¥3.40 | CN¥16.80 | x |
| 2021-12-31 | CN¥3.42 | CN¥16.80 | x |
| 2022-12-31 | CN¥3.27 | CN¥16.80 | x |
| 2023-12-31 | CN¥3.12 | CN¥16.80 | x |
| 2024-12-31 | CN¥2.54 | CN¥16.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hongbo 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): -23.42%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -57.51%
- • Asset Turnover: 0.16x
- • Equity Multiplier: 2.49x
- Recent ROE (-23.42%) is below the historical average (6.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 38.15% | 40.98% | 0.77x | 1.21x | CN¥28.60 Million |
| 2006 | 40.95% | 46.67% | 0.66x | 1.33x | CN¥37.74 Million |
| 2007 | 30.79% | 30.71% | 0.69x | 1.45x | CN¥32.12 Million |
| 2008 | 9.19% | 26.40% | 0.33x | 1.07x | CN¥-3.63 Million |
| 2009 | 10.20% | 26.75% | 0.28x | 1.34x | CN¥967.93K |
| 2010 | 9.80% | 17.46% | 0.40x | 1.39x | CN¥-993.59K |
| 2011 | 7.23% | 14.49% | 0.37x | 1.35x | CN¥-22.26 Million |
| 2012 | 6.41% | 7.64% | 0.55x | 1.54x | CN¥-29.24 Million |
| 2013 | 5.81% | 6.90% | 0.59x | 1.42x | CN¥-35.38 Million |
| 2014 | 3.21% | 3.20% | 0.63x | 1.58x | CN¥-58.52 Million |
| 2015 | 1.05% | 1.39% | 0.32x | 2.35x | CN¥-77.93 Million |
| 2016 | 0.77% | 1.50% | 0.35x | 1.48x | CN¥-152.05 Million |
| 2017 | 0.66% | 1.55% | 0.33x | 1.29x | CN¥-153.12 Million |
| 2018 | 0.32% | 0.73% | 0.34x | 1.29x | CN¥-155.44 Million |
| 2019 | 2.09% | 5.64% | 0.30x | 1.26x | CN¥-133.47 Million |
| 2020 | 1.52% | 5.37% | 0.22x | 1.27x | CN¥-142.53 Million |
| 2021 | 0.54% | 1.59% | 0.24x | 1.43x | CN¥-159.58 Million |
| 2022 | -4.65% | -13.76% | 0.22x | 1.52x | CN¥-236.53 Million |
| 2023 | -3.51% | -8.78% | 0.20x | 1.99x | CN¥-209.57 Million |
| 2024 | -23.42% | -57.51% | 0.16x | 2.49x | CN¥-418.61 Million |
Industry Comparison
This section compares Hongbo Co Ltd's net assets metrics with peer companies in the Specialty Business Services industry.
Industry Context
- Industry: Specialty Business Services
- Average net assets among peers: $987,647,482
- Average return on equity (ROE) among peers: 10.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hongbo Co Ltd (002229) | CN¥1.36 Billion | 38.15% | 0.79x | $1.12 Billion |
| Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) | $406.57 Million | 9.85% | 0.70x | $310.62 Million |
| Tungkong Inc (002117) | $211.00 Million | 24.79% | 1.36x | $504.60 Million |
| Eternal Asia Supply Chain Management Ltd (002183) | $1.21 Billion | 12.38% | 3.22x | $1.26 Billion |
| Beijing Shengtong Printing Co Ltd (002599) | $147.72 Million | 16.68% | 1.56x | $346.10 Million |
| Shanghai Nar Industrial Co Ltd (002825) | $1.53 Billion | 8.27% | 0.67x | $277.42 Million |
| Xuchang Ketop Testing Research Ins (003008) | $1.00 Billion | 7.40% | 0.05x | $153.91 Million |
| Suzhou Electrical Apparatus Sci (300215) | $1.83 Billion | 4.73% | 1.24x | $356.39 Million |
| Trust Alliance Information Development Inc Ltd Shanghai (300469) | $166.51 Million | 0.00% | 1.55x | $1.97 Billion |
| Hunan Huakai Cultural and Creative Co Ltd (300592) | $2.38 Billion | 7.16% | 0.87x | $289.91 Million |