Suzhou Hesheng Special Material Co Ltd (002290) - Net Assets

Latest as of December 2025: CN¥974.92 Million CNY ≈ $142.66 Million USD

Based on the latest financial reports, Suzhou Hesheng Special Material Co Ltd (002290) has net assets worth CN¥974.92 Million CNY (≈ $142.66 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.02 Billion ≈ $295.45 Million USD) and total liabilities (CN¥1.04 Billion ≈ $152.78 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 002290 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥974.92 Million
% of Total Assets	48.29%
Annual Growth Rate	17.37%
5-Year Change	84.65%
10-Year Change	-19.12%
Growth Volatility	80.35

Suzhou Hesheng Special Material Co Ltd - Net Assets Trend (2006–2025)

This chart illustrates how Suzhou Hesheng Special Material Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002290 asset base for the complete picture of this company's asset base.

Annual Net Assets for Suzhou Hesheng Special Material Co Ltd (2006–2025)

The table below shows the annual net assets of Suzhou Hesheng Special Material Co Ltd from 2006 to 2025. For live valuation and market cap data, see market cap of Suzhou Hesheng Special Material Co Ltd.

Year	Net Assets	Change
2025-12-31	CN¥974.92 Million ≈ $142.66 Million	+20.51%
2024-12-31	CN¥808.97 Million ≈ $118.38 Million	+14.58%
2023-12-31	CN¥706.04 Million ≈ $103.32 Million	+14.90%
2022-12-31	CN¥614.47 Million ≈ $89.92 Million	+16.38%
2021-12-31	CN¥528.00 Million ≈ $77.26 Million	+19.68%
2020-12-31	CN¥441.17 Million ≈ $64.56 Million	+14.27%
2019-12-31	CN¥386.09 Million ≈ $56.50 Million	-68.91%
2018-12-31	CN¥1.24 Billion ≈ $181.72 Million	+2.79%
2017-12-31	CN¥1.21 Billion ≈ $176.79 Million	+0.23%
2016-12-31	CN¥1.21 Billion ≈ $176.38 Million	+44.13%
2015-12-31	CN¥836.28 Million ≈ $122.37 Million	-0.40%
2014-12-31	CN¥839.61 Million ≈ $122.86 Million	-13.65%
2013-12-31	CN¥972.37 Million ≈ $142.29 Million	+0.93%
2012-12-31	CN¥963.43 Million ≈ $140.98 Million	+1.02%
2011-12-31	CN¥953.68 Million ≈ $139.55 Million	+4.28%
2010-12-31	CN¥914.56 Million ≈ $133.83 Million	+9.36%
2009-12-31	CN¥836.28 Million ≈ $122.37 Million	+301.73%
2008-12-31	CN¥208.17 Million ≈ $30.46 Million	+47.01%
2007-12-31	CN¥141.60 Million ≈ $20.72 Million	+204.47%
2006-12-31	CN¥46.51 Million ≈ $6.81 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Suzhou Hesheng Special 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 grown by 3088.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥617.14 Million	63.75%
Common Stock	CN¥248.11 Million	25.63%
Other Comprehensive Income	CN¥6.80 Million	0.70%
Other Components	CN¥95.97 Million	9.91%
Total Equity	CN¥968.02 Million	100.00%

Suzhou Hesheng Special Material Co Ltd Competitors by Market Cap

The table below lists competitors of Suzhou Hesheng Special Material Co Ltd ranked by their market capitalization.

Company	Market Cap
BBVA Banco Frances SA ADR NYSE:BBAR	$2.95 Billion
Hycroft Mining Holding Corporation NASDAQ:HYMC	$2.95 Billion
Forehope Electronic (Ningbo) Co. Ltd. A SHG:688362	$2.96 Billion
Elang Mahkota Teknologi Tbk JK:EMTK	$2.96 Billion
Shanghai Luxin Packing Materials Science&Technology Co Ltd SHE:002565	$2.95 Billion
Shenzhen Dynanonic Co Ltd SHE:300769	$2.95 Billion
Tibet Mineral Development Co Ltd SHE:000762	$2.95 Billion
ASPEN PHAR.UN.ADR /1 O.N. F:LDZU	$2.95 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Suzhou Hesheng Special Material Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 804,645,702 to 968,018,569, a change of 163,372,867 (20.3%).
Net income of 163,372,866 contributed positively to equity growth.
Dividend payments of 3,768,048 reduced retained earnings.
Other comprehensive income decreased equity by 37,445,872.
Other factors increased equity by 41,213,921.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥163.37 Million	+16.88%
Dividends Paid	CN¥3.77 Million	-0.39%
Other Comprehensive Income	CN¥-37.45 Million	-3.87%
Other Changes	CN¥41.21 Million	+4.26%
Total Change	CN¥-	20.30%

Book Value vs Market Value Analysis

This analysis compares Suzhou Hesheng Special 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: 20.83x
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 110.28x to 20.83x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	CN¥0.74	CN¥81.28	x
2007-12-31	CN¥1.15	CN¥81.28	x
2008-12-31	CN¥1.32	CN¥81.28	x
2009-12-31	CN¥4.75	CN¥81.28	x
2010-12-31	CN¥4.33	CN¥81.28	x
2011-12-31	CN¥4.48	CN¥81.28	x
2012-12-31	CN¥4.66	CN¥81.28	x
2013-12-31	CN¥4.54	CN¥81.28	x
2014-12-31	CN¥3.98	CN¥81.28	x
2015-12-31	CN¥3.85	CN¥81.28	x
2016-12-31	CN¥5.60	CN¥81.28	x
2017-12-31	CN¥5.10	CN¥81.28	x
2018-12-31	CN¥5.14	CN¥81.28	x
2019-12-31	CN¥1.59	CN¥81.28	x
2020-12-31	CN¥1.84	CN¥81.28	x
2021-12-31	CN¥2.13	CN¥81.28	x
2022-12-31	CN¥2.52	CN¥81.28	x
2023-12-31	CN¥2.81	CN¥81.28	x
2024-12-31	CN¥3.21	CN¥81.28	x
2025-12-31	CN¥3.90	CN¥81.28	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Suzhou Hesheng Special 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): 16.88%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 6.41%
• Asset Turnover: 1.26x
• Equity Multiplier: 2.09x
Recent ROE (16.88%) is above the historical average (-5.13%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	37.15%	7.48%	1.60x	3.11x	CN¥12.63 Million
2007	30.94%	9.71%	1.61x	1.98x	CN¥29.66 Million
2008	31.98%	9.34%	1.85x	1.85x	CN¥45.75 Million
2009	9.33%	11.72%	0.67x	1.19x	CN¥-5.64 Million
2010	10.39%	8.96%	0.93x	1.25x	CN¥3.55 Million
2011	6.47%	5.43%	0.90x	1.32x	CN¥-33.67 Million
2012	2.57%	2.16%	0.85x	1.40x	CN¥-71.55 Million
2013	3.09%	2.75%	0.81x	1.38x	CN¥-67.23 Million
2014	-14.56%	-10.32%	0.83x	1.70x	CN¥-206.18 Million
2015	3.38%	2.61%	0.81x	1.60x	CN¥-55.36 Million
2016	2.32%	2.66%	0.54x	1.62x	CN¥-92.57 Million
2017	0.20%	0.17%	0.44x	2.68x	CN¥-118.44 Million
2018	5.06%	3.62%	0.51x	2.72x	CN¥-61.35 Million
2019	-310.32%	-69.42%	1.13x	3.94x	CN¥-1.24 Billion
2020	12.48%	3.02%	1.26x	3.28x	CN¥10.96 Million
2021	15.53%	3.61%	1.39x	3.10x	CN¥29.18 Million
2022	10.73%	3.09%	1.40x	2.49x	CN¥4.49 Million
2023	11.72%	3.54%	1.33x	2.50x	CN¥12.17 Million
2024	12.17%	3.88%	1.41x	2.22x	CN¥17.45 Million
2025	16.88%	6.41%	1.26x	2.09x	CN¥66.57 Million

Industry Comparison

This section compares Suzhou Hesheng Special Material Co Ltd's net assets metrics with peer companies in the Chemicals industry.

Industry Context

Industry: Chemicals
Average net assets among peers: $2,526,275,526
Average return on equity (ROE) among peers: 14.16%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Suzhou Hesheng Special Material Co Ltd (002290)	CN¥974.92 Million	37.15%	1.07x	$2.95 Billion
North Huajin Chemical Industries Co Ltd (000059)	$12.66 Billion	14.57%	1.45x	$1.33 Billion
Sichuan Chemical Co Ltd (000155)	$7.35 Billion	4.73%	1.50x	$4.71 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$246.65 Million	3.47%	1.71x	$12.84 Billion
Zangge Holding Co Ltd (000408)	$477.67 Million	1.53%	1.45x	$20.51 Billion
Sichuan Jinlu Group Co Ltd (000510)	$1.17 Billion	5.97%	1.33x	$1.34 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$313.50 Million	0.80%	0.55x	$436.10 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$54.68 Million	39.27%	1.16x	$871.02 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$2.67 Billion	1.91%	0.16x	$470.62 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$220.98 Million	19.06%	0.40x	$366.68 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$93.73 Million	50.32%	1.49x	$4.87 Billion

About Suzhou Hesheng Special Material Co Ltd

SHE:002290 China Chemicals

Market Cap

$2.95 Billion

CN¥20.17 Billion CNY

Market Cap Rank

#4983 Global

#955 in China

Share Price

CN¥81.28

Change (1 day)

+5.63%

52-Week Range

CN¥28.38 - CN¥88.07

All Time High

CN¥88.07