Hongbo Co Ltd (002229) - Net Assets

Latest as of March 2026: CN¥1.16 Billion CNY ≈ $169.68 Million USD

Based on the latest financial reports, Hongbo Co Ltd (002229) has net assets worth CN¥1.16 Billion CNY (≈ $169.68 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.02 Billion ≈ $295.44 Million USD) and total liabilities (CN¥859.44 Million ≈ $125.76 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 how strategically is Hongbo Co Ltd's equity deployed to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.16 Billion
% of Total Assets	57.43%
Annual Growth Rate	13.09%
5-Year Change	-33.28%
10-Year Change	-35.05%
Growth Volatility	44.43

Hongbo Co Ltd - Net Assets Trend (2005–2025)

This chart illustrates how Hongbo Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Hongbo Co Ltd market cap and net worth.

Annual Net Assets for Hongbo Co Ltd (2005–2025)

The table below shows the annual net assets of Hongbo Co Ltd from 2005 to 2025. Also explore net asset growth rate of Hongbo Co Ltd to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥1.19 Billion ≈ $174.14 Million	-11.50%
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 509.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥1.39 Billion	125.74%
Total Equity	CN¥1.10 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
Zhejiang Jihua Group Co Ltd SHG:603980	$778.47 Million
Varex Imaging Corp NASDAQ:VREX	$778.48 Million
TTET Union Corp TW:1232	$778.69 Million
Synektik S.A. WAR:SNT	$778.85 Million
Cathay Real Estate Development Co Ltd TW:2501	$778.14 Million
South Plains Financial Inc NASDAQ:SPFI	$777.89 Million
SERVICE STREAM LTD F:UFY	$777.83 Million
Ameresco Inc NYSE:AMRC	$777.72 Million

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 2024 to 2025, total equity changed from 1,252,622,117 to 1,102,382,463, a change of -150,239,654 (-12.0%).
Net loss of 145,806,686 reduced equity.
Dividend payments of 23,841,917 reduced retained earnings.
Other comprehensive income decreased equity by 74,418,782.
Other factors increased equity by 93,827,731.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-145.81 Million	-13.23%
Dividends Paid	CN¥23.84 Million	-2.16%
Other Comprehensive Income	CN¥-74.42 Million	-6.75%
Other Changes	CN¥93.83 Million	+8.51%
Total Change	CN¥-	-11.99%

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: 4.83x
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 10.21x to 4.83x 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¥10.72	x
2006-12-31	CN¥1.26	CN¥10.72	x
2007-12-31	CN¥0.53	CN¥10.72	x
2008-12-31	CN¥1.15	CN¥10.72	x
2009-12-31	CN¥1.24	CN¥10.72	x
2010-12-31	CN¥1.30	CN¥10.72	x
2011-12-31	CN¥1.95	CN¥10.72	x
2012-12-31	CN¥1.82	CN¥10.72	x
2013-12-31	CN¥1.89	CN¥10.72	x
2014-12-31	CN¥1.93	CN¥10.72	x
2015-12-31	CN¥1.95	CN¥10.72	x
2016-12-31	CN¥3.75	CN¥10.72	x
2017-12-31	CN¥3.26	CN¥10.72	x
2018-12-31	CN¥3.22	CN¥10.72	x
2019-12-31	CN¥3.39	CN¥10.72	x
2020-12-31	CN¥3.40	CN¥10.72	x
2021-12-31	CN¥3.42	CN¥10.72	x
2022-12-31	CN¥3.27	CN¥10.72	x
2023-12-31	CN¥3.12	CN¥10.72	x
2024-12-31	CN¥2.54	CN¥10.72	x
2025-12-31	CN¥2.22	CN¥10.72	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): -13.23%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -14.39%
• Asset Turnover: 0.47x
• Equity Multiplier: 1.96x
Recent ROE (-13.23%) is below the historical average (5.90%), 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
2025	-13.23%	-14.39%	0.47x	1.96x	CN¥-256.04 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: $1,571,522,195
Average return on equity (ROE) among peers: 5.28%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hongbo Co Ltd (002229)	CN¥1.16 Billion	38.15%	0.74x	$778.36 Million
Shaanxi Jinye Science Technology and Education Group Co Ltd (000812)	$1.13 Billion	3.08%	0.58x	$435.31 Million
Tungkong Inc (002117)	$1.37 Billion	12.32%	0.33x	$590.10 Million
Eternal Asia Supply Chain Management Ltd (002183)	$6.62 Billion	7.44%	3.96x	$1.64 Billion
Beijing Shengtong Printing Co Ltd (002599)	$1.77 Billion	7.99%	0.51x	$431.93 Million
Shanghai Nar Industrial Co Ltd (002825)	$777.27 Million	5.46%	0.39x	$485.28 Million
Xuchang Ketop Testing Research Ins (003008)	$1.02 Billion	6.30%	0.06x	$281.09 Million
Centre Testing Intl Shenzhen (300012)	$695.99 Million	8.13%	0.06x	$3.63 Billion
Suzhou Electrical Apparatus Sci (300215)	$199.92 Million	17.94%	1.24x	$687.29 Million
Trust Alliance Information Development Inc Ltd Shanghai (300469)	$557.79 Million	-21.10%	1.13x	$1.77 Billion

About Hongbo Co Ltd

SHE:002229 China Specialty Business Services

Market Cap

$778.36 Million

CN¥5.32 Billion CNY

Market Cap Rank

#10043 Global

#2624 in China

Share Price

CN¥10.72

Change (1 day)

-2.99%

52-Week Range

CN¥9.09 - CN¥19.90

All Time High

CN¥45.29