HeNan Splendor Science & Technology Co Ltd
HeNan Splendor Science & Technology Co., Ltd. engages in the research and development and promotion of rail transit measurement and control technologies for the rail transit industry in China. The company offers railway signal centralized monitoring systems, hump signal centralized monitoring systems, microcomputer monitoring intelligent analysis and fault diagnosis systems, railway turnout compr… Read more
HeNan Splendor Science & Technology Co Ltd (002296) - Net Assets
Latest net assets as of September 2025: CN¥2.42 Billion CNY
Based on the latest financial reports, HeNan Splendor Science & Technology Co Ltd (002296) has net assets worth CN¥2.42 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¥3.20 Billion) and total liabilities (CN¥779.13 Million). 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¥2.42 Billion |
| % of Total Assets | 75.67% |
| Annual Growth Rate | 19.69% |
| 5-Year Change | 42.17% |
| 10-Year Change | 60.82% |
| Growth Volatility | 62.83 |
HeNan Splendor Science & Technology Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how HeNan Splendor Science & Technology 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 HeNan Splendor Science & Technology Co Ltd (2006–2024)
The table below shows the annual net assets of HeNan Splendor Science & Technology Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.33 Billion | +15.96% |
| 2023-12-31 | CN¥2.01 Billion | +10.70% |
| 2022-12-31 | CN¥1.82 Billion | +10.29% |
| 2021-12-31 | CN¥1.65 Billion | +0.42% |
| 2020-12-31 | CN¥1.64 Billion | +5.55% |
| 2019-12-31 | CN¥1.56 Billion | +6.59% |
| 2018-12-31 | CN¥1.46 Billion | +3.32% |
| 2017-12-31 | CN¥1.41 Billion | -8.41% |
| 2016-12-31 | CN¥1.54 Billion | +6.25% |
| 2015-12-31 | CN¥1.45 Billion | +4.58% |
| 2014-12-31 | CN¥1.39 Billion | -7.53% |
| 2013-12-31 | CN¥1.50 Billion | +106.95% |
| 2012-12-31 | CN¥725.29 Million | +0.20% |
| 2011-12-31 | CN¥723.83 Million | +15.52% |
| 2010-12-31 | CN¥626.56 Million | +7.31% |
| 2009-12-31 | CN¥583.89 Million | +266.13% |
| 2008-12-31 | CN¥159.48 Million | +27.49% |
| 2007-12-31 | CN¥125.09 Million | +36.16% |
| 2006-12-31 | CN¥91.86 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HeNan Splendor Science & Technology 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 3068.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.13 Billion | 48.87% |
| Common Stock | CN¥389.58 Million | 16.84% |
| Other Components | CN¥793.00 Million | 34.28% |
| Total Equity | CN¥2.31 Billion | 100.00% |
HeNan Splendor Science & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of HeNan Splendor Science & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Merry Electronics Co Ltd
TW:2439
|
$569.63 Million |
|
CIMC Enric Holdings Limited
PINK:CIMEF
|
$569.65 Million |
|
Farmers & Merchants Bancorp
OTCQX:FMCB
|
$569.85 Million |
|
Redcare Pharmacy NV
F:RDC
|
$569.91 Million |
|
Janux Therapeutics Inc
NASDAQ:JANX
|
$569.03 Million |
|
Timah Persero Tbk
JK:TINS
|
$568.80 Million |
|
Hunan Yussen Energy Technology
SHE:002986
|
$568.68 Million |
|
ODDITY Tech Ltd. Class A Ordinary Shares
NASDAQ:ODD
|
$568.39 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HeNan Splendor Science & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,989,093,617 to 2,313,004,695, a change of 323,911,078 (16.3%).
- Net income of 274,537,418 contributed positively to equity growth.
- Dividend payments of 38,958,042 reduced retained earnings.
- Share repurchases of 1,125,087 reduced equity.
- Other comprehensive income decreased equity by 195,184,271.
- Other factors increased equity by 284,641,060.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥274.54 Million | +11.87% |
| Dividends Paid | CN¥38.96 Million | -1.68% |
| Share Repurchases | CN¥1.13 Million | -0.05% |
| Other Comprehensive Income | CN¥-195.18 Million | -8.44% |
| Other Changes | CN¥284.64 Million | +12.31% |
| Total Change | CN¥- | 16.28% |
Book Value vs Market Value Analysis
This analysis compares HeNan Splendor Science & Technology 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: 2.17x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 31.76x to 2.17x 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¥0.41 | CN¥12.91 | x |
| 2007-12-31 | CN¥0.55 | CN¥12.91 | x |
| 2008-12-31 | CN¥0.71 | CN¥12.91 | x |
| 2009-12-31 | CN¥2.38 | CN¥12.91 | x |
| 2010-12-31 | CN¥2.07 | CN¥12.91 | x |
| 2011-12-31 | CN¥2.27 | CN¥12.91 | x |
| 2012-12-31 | CN¥2.24 | CN¥12.91 | x |
| 2013-12-31 | CN¥4.67 | CN¥12.91 | x |
| 2014-12-31 | CN¥3.69 | CN¥12.91 | x |
| 2015-12-31 | CN¥3.85 | CN¥12.91 | x |
| 2016-12-31 | CN¥4.10 | CN¥12.91 | x |
| 2017-12-31 | CN¥3.68 | CN¥12.91 | x |
| 2018-12-31 | CN¥3.79 | CN¥12.91 | x |
| 2019-12-31 | CN¥4.05 | CN¥12.91 | x |
| 2020-12-31 | CN¥4.26 | CN¥12.91 | x |
| 2021-12-31 | CN¥4.44 | CN¥12.91 | x |
| 2022-12-31 | CN¥4.76 | CN¥12.91 | x |
| 2023-12-31 | CN¥5.28 | CN¥12.91 | x |
| 2024-12-31 | CN¥5.95 | CN¥12.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HeNan Splendor Science & Technology 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): 11.87%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.58%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 1.38x
- Recent ROE (11.87%) is above the historical average (9.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 25.51% | 24.49% | 0.53x | 1.95x | CN¥14.25 Million |
| 2007 | 26.56% | 26.80% | 0.57x | 1.74x | CN¥20.71 Million |
| 2008 | 27.33% | 32.63% | 0.51x | 1.63x | CN¥27.64 Million |
| 2009 | 9.31% | 32.69% | 0.23x | 1.22x | CN¥-4.01 Million |
| 2010 | 13.68% | 34.25% | 0.34x | 1.19x | CN¥23.06 Million |
| 2011 | 13.94% | 27.71% | 0.35x | 1.44x | CN¥27.00 Million |
| 2012 | 2.68% | 6.17% | 0.26x | 1.67x | CN¥-49.58 Million |
| 2013 | 4.89% | 18.17% | 0.21x | 1.26x | CN¥-73.65 Million |
| 2014 | 7.13% | 18.84% | 0.27x | 1.39x | CN¥-39.78 Million |
| 2015 | 5.16% | 13.24% | 0.26x | 1.48x | CN¥-70.23 Million |
| 2016 | 5.52% | 16.53% | 0.23x | 1.45x | CN¥-69.16 Million |
| 2017 | -10.93% | -27.75% | 0.24x | 1.62x | CN¥-290.52 Million |
| 2018 | 1.94% | 5.25% | 0.26x | 1.43x | CN¥-115.09 Million |
| 2019 | 4.39% | 13.29% | 0.27x | 1.22x | CN¥-85.53 Million |
| 2020 | 5.29% | 13.37% | 0.29x | 1.34x | CN¥-75.98 Million |
| 2021 | 7.41% | 16.30% | 0.32x | 1.41x | CN¥-42.08 Million |
| 2022 | 5.80% | 15.95% | 0.27x | 1.37x | CN¥-75.31 Million |
| 2023 | 8.27% | 22.21% | 0.28x | 1.33x | CN¥-34.51 Million |
| 2024 | 11.87% | 21.58% | 0.40x | 1.38x | CN¥43.24 Million |
Industry Comparison
This section compares HeNan Splendor Science & Technology Co Ltd's net assets metrics with peer companies in the Railroads industry.
Industry Context
- Industry: Railroads
- Average net assets among peers: $2,581,574,065
- Average return on equity (ROE) among peers: -202.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HeNan Splendor Science & Technology Co Ltd (002296) | CN¥2.42 Billion | 25.51% | 0.32x | $569.47 Million |
| China High-Speed Railway Technology (000008) | $4.48 Billion | -18.89% | 1.51x | $627.64 Million |
| Nanjing Zhongbei Group Co Ltd (000421) | $264.23 Million | 15.10% | 0.57x | $274.64 Million |
| Ningxia Western Venture Industrial Co Ltd (000557) | $308.30 Million | 8.91% | 0.86x | $573.05 Million |
| Vontron Technology Co Ltd (000920) | $1.19 Billion | 4.96% | 0.67x | $403.89 Million |
| China Railway Materials Co Ltd (000927) | $88.31 Million | -1857.66% | 54.49x | $811.32 Million |
| China Railway Special Cargo Logistics Co. Ltd. (001213) | $14.38 Billion | 2.74% | 0.13x | $422.59 Million |
| Changzhou Evergreen Technology Co. Ltd. A (001324) | $1.09 Billion | 6.59% | 0.24x | $181.39 Million |
| Sichuan Fulin Transportation Group Co Ltd (002357) | $691.02 Million | 9.89% | 0.57x | $444.01 Million |
| Tianjin Keyvia Electric Co Ltd (300407) | $736.56 Million | 9.96% | 0.47x | $405.27 Million |