Huaming Power Equipment Co Ltd
Huaming Power Equipment Co.,Ltd provides tap changer products for power transformers in China and internationally. The company offers non-vacuum, vacuum, dry, gas insulated, and regulator type on-load tap changers; and cage, drum, and linear type de-energized (off-circuit) tap changers. It also provides accessories, such as motor drive units, controllers, monitoring, and online oil filters. The c… Read more
Huaming Power Equipment Co Ltd (002270) - Net Assets
Latest net assets as of September 2025: CN¥3.20 Billion CNY
Based on the latest financial reports, Huaming Power Equipment Co Ltd (002270) has net assets worth CN¥3.20 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¥4.56 Billion) and total liabilities (CN¥1.35 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¥3.20 Billion |
| % of Total Assets | 70.35% |
| Annual Growth Rate | 18.53% |
| 5-Year Change | 21.61% |
| 10-Year Change | 89.41% |
| Growth Volatility | 63.49 |
Huaming Power Equipment Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Huaming Power Equipment 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 Huaming Power Equipment Co Ltd (2005–2024)
The table below shows the annual net assets of Huaming Power Equipment Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.18 Billion | -5.39% |
| 2023-12-31 | CN¥3.36 Billion | +0.72% |
| 2022-12-31 | CN¥3.34 Billion | +17.15% |
| 2021-12-31 | CN¥2.85 Billion | +8.94% |
| 2020-12-31 | CN¥2.62 Billion | +8.57% |
| 2019-12-31 | CN¥2.41 Billion | +2.62% |
| 2018-12-31 | CN¥2.35 Billion | +7.66% |
| 2017-12-31 | CN¥2.18 Billion | +16.10% |
| 2016-12-31 | CN¥1.88 Billion | +11.84% |
| 2015-12-31 | CN¥1.68 Billion | +184.36% |
| 2014-12-31 | CN¥590.66 Million | +1.53% |
| 2013-12-31 | CN¥581.74 Million | +1.58% |
| 2012-12-31 | CN¥572.69 Million | +2.11% |
| 2011-12-31 | CN¥560.86 Million | +2.24% |
| 2010-12-31 | CN¥548.60 Million | -0.63% |
| 2009-12-31 | CN¥552.09 Million | +9.40% |
| 2008-12-31 | CN¥504.64 Million | +234.49% |
| 2007-12-31 | CN¥150.87 Million | -9.59% |
| 2006-12-31 | CN¥166.87 Million | +32.65% |
| 2005-12-31 | CN¥125.79 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Huaming Power Equipment 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 1511.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.68 Billion | 53.14% |
| Common Stock | CN¥227.25 Million | 7.18% |
| Other Comprehensive Income | CN¥-8.54 Million | -0.27% |
| Other Components | CN¥1.26 Billion | 39.95% |
| Total Equity | CN¥3.17 Billion | 100.00% |
Huaming Power Equipment Co Ltd Competitors by Market Cap
The table below lists competitors of Huaming Power Equipment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Syndax Pharmaceuticals Inc
NASDAQ:SNDX
|
$1.74 Billion |
|
Intea Fastigheter AB (publ)
F:1DZ0
|
$1.74 Billion |
|
Vishay Intertechnology Inc
NYSE:VSH
|
$1.74 Billion |
|
WK Kellogg Co
NYSE:KLG
|
$1.74 Billion |
|
Secure Energy Services Inc
PINK:SECYF
|
$1.74 Billion |
|
Suzhou Crystal Clear Chemical Co Ltd
SHE:300655
|
$1.74 Billion |
|
Nordex SE
PINK:NRDXF
|
$1.74 Billion |
|
CETC Energy Joint Stock Co Ltd
SHG:600877
|
$1.74 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huaming Power Equipment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,350,005,160 to 3,165,709,972, a change of -184,295,188 (-5.5%).
- Net income of 614,298,736 contributed positively to equity growth.
- Dividend payments of 744,090,461 reduced retained earnings.
- Other comprehensive income decreased equity by 8,537,352.
- Other factors decreased equity by 45,966,111.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥614.30 Million | +19.4% |
| Dividends Paid | CN¥744.09 Million | -23.5% |
| Other Comprehensive Income | CN¥-8.54 Million | -0.27% |
| Other Changes | CN¥-45.97 Million | -1.45% |
| Total Change | CN¥- | -5.50% |
Book Value vs Market Value Analysis
This analysis compares Huaming Power Equipment 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: 8.47x
- 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 214.59x to 8.47x 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¥0.14 | CN¥30.12 | x |
| 2006-12-31 | CN¥0.19 | CN¥30.12 | x |
| 2007-12-31 | CN¥0.70 | CN¥30.12 | x |
| 2008-12-31 | CN¥2.16 | CN¥30.12 | x |
| 2009-12-31 | CN¥1.96 | CN¥30.12 | x |
| 2010-12-31 | CN¥1.98 | CN¥30.12 | x |
| 2011-12-31 | CN¥2.51 | CN¥30.12 | x |
| 2012-12-31 | CN¥2.00 | CN¥30.12 | x |
| 2013-12-31 | CN¥2.09 | CN¥30.12 | x |
| 2014-12-31 | CN¥1.40 | CN¥30.12 | x |
| 2015-12-31 | CN¥3.96 | CN¥30.12 | x |
| 2016-12-31 | CN¥2.47 | CN¥30.12 | x |
| 2017-12-31 | CN¥2.84 | CN¥30.12 | x |
| 2018-12-31 | CN¥3.06 | CN¥30.12 | x |
| 2019-12-31 | CN¥3.17 | CN¥30.12 | x |
| 2020-12-31 | CN¥3.43 | CN¥30.12 | x |
| 2021-12-31 | CN¥3.75 | CN¥30.12 | x |
| 2022-12-31 | CN¥3.90 | CN¥30.12 | x |
| 2023-12-31 | CN¥3.77 | CN¥30.12 | x |
| 2024-12-31 | CN¥3.56 | CN¥30.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huaming Power Equipment 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): 19.40%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.45%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.41x
- Recent ROE (19.40%) is above the historical average (14.04%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 32.72% | 28.09% | 0.75x | 1.55x | CN¥28.58 Million |
| 2006 | 22.59% | 20.38% | 0.75x | 1.48x | CN¥21.00 Million |
| 2007 | 35.05% | 20.54% | 0.70x | 2.42x | CN¥37.77 Million |
| 2008 | 11.18% | 18.03% | 0.44x | 1.41x | CN¥5.95 Million |
| 2009 | 11.24% | 15.75% | 0.52x | 1.36x | CN¥6.86 Million |
| 2010 | 4.67% | 8.11% | 0.39x | 1.49x | CN¥-29.25 Million |
| 2011 | 4.78% | 7.42% | 0.45x | 1.44x | CN¥-29.27 Million |
| 2012 | 3.33% | 2.75% | 0.84x | 1.44x | CN¥-38.21 Million |
| 2013 | 3.19% | 2.91% | 0.79x | 1.40x | CN¥-39.62 Million |
| 2014 | 27.61% | 28.52% | 0.74x | 1.30x | CN¥104.02 Million |
| 2015 | 12.13% | 33.72% | 0.30x | 1.21x | CN¥35.72 Million |
| 2016 | 12.66% | 22.87% | 0.46x | 1.22x | CN¥49.85 Million |
| 2017 | 14.08% | 16.94% | 0.57x | 1.46x | CN¥88.81 Million |
| 2018 | 7.19% | 14.15% | 0.29x | 1.78x | CN¥-64.04 Million |
| 2019 | 6.28% | 12.56% | 0.31x | 1.60x | CN¥-89.33 Million |
| 2020 | 11.03% | 21.00% | 0.34x | 1.56x | CN¥26.82 Million |
| 2021 | 14.64% | 27.21% | 0.37x | 1.44x | CN¥132.15 Million |
| 2022 | 10.78% | 21.00% | 0.38x | 1.33x | CN¥26.05 Million |
| 2023 | 16.19% | 27.66% | 0.43x | 1.35x | CN¥207.40 Million |
| 2024 | 19.40% | 26.45% | 0.52x | 1.41x | CN¥297.73 Million |
Industry Comparison
This section compares Huaming Power Equipment Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huaming Power Equipment Co Ltd (002270) | CN¥3.20 Billion | 32.72% | 0.42x | $1.74 Billion |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |