Hongbo Co Ltd (002229) - Net Assets

Latest as of September 2025: CN¥1.36 Billion CNY ≈ $198.68 Million USD

Based on the latest financial reports, Hongbo Co Ltd (002229) has net assets worth CN¥1.36 Billion CNY (≈ $198.68 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¥2.43 Billion ≈ $355.70 Million USD) and total liabilities (CN¥1.07 Billion ≈ $157.02 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. Check 002229 financial resilience to evaluate the company's liquid asset resilience ratio.

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. Also explore Hongbo Co Ltd (002229) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 002229 market cap overview.

Year Net Assets Change
2024-12-31 CN¥1.34 Billion
≈ $196.78 Million		 -19.07%
2023-12-31 CN¥1.66 Billion
≈ $243.14 Million		 -3.48%
2022-12-31 CN¥1.72 Billion
≈ $251.91 Million		 -3.49%
2021-12-31 CN¥1.78 Billion
≈ $261.02 Million		 +0.46%
2020-12-31 CN¥1.78 Billion
≈ $259.81 Million		 -1.05%
2019-12-31 CN¥1.79 Billion
≈ $262.57 Million		 +5.71%
2018-12-31 CN¥1.70 Billion
≈ $248.38 Million		 -3.68%
2017-12-31 CN¥1.76 Billion
≈ $257.87 Million		 -3.82%
2016-12-31 CN¥1.83 Billion
≈ $268.11 Million		 +75.05%
2015-12-31 CN¥1.05 Billion
≈ $153.17 Million		 +15.25%
2014-12-31 CN¥908.22 Million
≈ $132.90 Million		 +2.07%
2013-12-31 CN¥889.84 Million
≈ $130.21 Million		 +3.87%
2012-12-31 CN¥856.69 Million
≈ $125.36 Million		 +1.39%
2011-12-31 CN¥844.95 Million
≈ $123.64 Million		 +54.99%
2010-12-31 CN¥545.17 Million
≈ $79.78 Million		 +15.09%
2009-12-31 CN¥473.68 Million
≈ $69.31 Million		 +6.36%
2008-12-31 CN¥445.34 Million
≈ $65.17 Million		 +188.22%
2007-12-31 CN¥154.52 Million
≈ $22.61 Million		 +25.49%
2006-12-31 CN¥123.13 Million
≈ $18.02 Million		 +21.17%
2005-12-31 CN¥101.62 Million
≈ $14.87 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
Nationwide Building Society
LSE:NBS
 $1.19 Billion
Guangzhou Pearl River Piano Group Co Ltd
SHE:002678
 $1.19 Billion
FGV Holdings Bhd
KLSE:5222
 $1.19 Billion
Wuxi Xinhongtai ElecTech
SHG:603016
 $1.19 Billion
Hiecise Precision Equipment Co Ltd
SHE:300809
 $1.19 Billion
Zhejiang Guyuelongshan Shaoxing Wine Co Ltd
SHG:600059
 $1.19 Billion
Under Armour Inc A
NYSE:UAA
 $1.19 Billion
Global Industrial Co
NYSE:GIC
 $1.19 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: 6.45x
  • 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 15.61x to 6.45x 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¥16.39 x
2006-12-31 CN¥1.26 CN¥16.39 x
2007-12-31 CN¥0.53 CN¥16.39 x
2008-12-31 CN¥1.15 CN¥16.39 x
2009-12-31 CN¥1.24 CN¥16.39 x
2010-12-31 CN¥1.30 CN¥16.39 x
2011-12-31 CN¥1.95 CN¥16.39 x
2012-12-31 CN¥1.82 CN¥16.39 x
2013-12-31 CN¥1.89 CN¥16.39 x
2014-12-31 CN¥1.93 CN¥16.39 x
2015-12-31 CN¥1.95 CN¥16.39 x
2016-12-31 CN¥3.75 CN¥16.39 x
2017-12-31 CN¥3.26 CN¥16.39 x
2018-12-31 CN¥3.22 CN¥16.39 x
2019-12-31 CN¥3.39 CN¥16.39 x
2020-12-31 CN¥3.40 CN¥16.39 x
2021-12-31 CN¥3.42 CN¥16.39 x
2022-12-31 CN¥3.27 CN¥16.39 x
2023-12-31 CN¥3.12 CN¥16.39 x
2024-12-31 CN¥2.54 CN¥16.39 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: $1,926,156,675
  • Average return on equity (ROE) among peers: 7.75%

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 $1.19 Billion
Shaanxi Jinye Science Technology and Education Group Co Ltd (000812) $667.69 Million 6.55% 0.61x $461.18 Million
Tungkong Inc (002117) $191.87 Million 25.29% 0.86x $781.70 Million
Eternal Asia Supply Chain Management Ltd (002183) $8.43 Billion 1.07% 3.97x $2.12 Billion
Beijing Shengtong Printing Co Ltd (002599) $1.77 Billion 7.99% 0.51x $533.94 Million
Shanghai Nar Industrial Co Ltd (002825) $621.54 Million 9.97% 0.35x $499.27 Million
Xuchang Ketop Testing Research Ins (003008) $1.07 Billion 5.50% 0.08x $357.63 Million
Suzhou Electrical Apparatus Sci (300215) $2.05 Billion 6.25% 0.80x $938.31 Million
Trust Alliance Information Development Inc Ltd Shanghai (300469) $166.51 Million 0.00% 1.55x $2.17 Billion
Hunan Huakai Cultural and Creative Co Ltd (300592) $2.38 Billion 7.16% 0.87x $769.81 Million

About Hongbo Co Ltd

SHE:002229 China Specialty Business Services
Market Cap
$1.19 Billion
CN¥8.13 Billion CNY
Market Cap Rank
#8365 Global
#2148 in China
Share Price
CN¥16.39
Change (1 day)
+1.86%
52-Week Range
CN¥14.88 - CN¥23.85
All Time High
CN¥45.29
Categories
Companies in China Specialty Business Services
About

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