Shenzhen Haoningda Meters Co Ltd
Shenzhen Hemei Group Co.,LTD. engages in sale of clothing and accessories business in China and internationally. It also offers shoes, hats, bags, and other accessories. The company was formerly known as Shenzhen Haoningda Meters Co., Ltd. and changed its name to Shenzhen Hemei Group Co.,LTD. in May 2016. Shenzhen Hemei Group Co.,LTD. was founded in 1994 and is based in Shenzhen, China.
Shenzhen Haoningda Meters Co Ltd (002356) - Net Assets
Latest net assets as of September 2025: CN¥722.61 Million CNY
Based on the latest financial reports, Shenzhen Haoningda Meters Co Ltd (002356) has net assets worth CN¥722.61 Million 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¥823.45 Million) and total liabilities (CN¥100.84 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¥722.61 Million |
| % of Total Assets | 87.75% |
| Annual Growth Rate | 9.54% |
| 5-Year Change | N/A |
| 10-Year Change | -60.45% |
| Growth Volatility | 1260.99 |
Shenzhen Haoningda Meters Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Shenzhen Haoningda Meters 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 Shenzhen Haoningda Meters Co Ltd (2006–2024)
The table below shows the annual net assets of Shenzhen Haoningda Meters Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥633.57 Million | +7.48% |
| 2023-12-31 | CN¥589.47 Million | -4.43% |
| 2022-12-31 | CN¥616.77 Million | -10.61% |
| 2021-12-31 | CN¥690.00 Million | +123.06% |
| 2020-12-31 | CN¥-2.99 Billion | -22.46% |
| 2019-12-31 | CN¥-2.44 Billion | -5179.54% |
| 2018-12-31 | CN¥48.10 Million | -97.80% |
| 2017-12-31 | CN¥2.19 Billion | +15.89% |
| 2016-12-31 | CN¥1.89 Billion | +17.72% |
| 2015-12-31 | CN¥1.60 Billion | +8.20% |
| 2014-12-31 | CN¥1.48 Billion | +54.28% |
| 2013-12-31 | CN¥959.67 Million | +0.00% |
| 2012-12-31 | CN¥959.64 Million | +0.43% |
| 2011-12-31 | CN¥955.49 Million | +2.29% |
| 2010-12-31 | CN¥934.11 Million | +253.33% |
| 2009-12-31 | CN¥264.38 Million | +26.05% |
| 2008-12-31 | CN¥209.74 Million | +17.84% |
| 2007-12-31 | CN¥177.98 Million | +44.84% |
| 2006-12-31 | CN¥122.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Haoningda Meters 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 4059.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.31 Billion | 234.16% |
| Other Comprehensive Income | CN¥68.40 Million | 12.21% |
| Other Components | CN¥2.04 Billion | 364.51% |
| Total Equity | CN¥559.98 Million | 100.00% |
Shenzhen Haoningda Meters Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Haoningda Meters Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bonheur ASA
PINK:BNHUF
|
$520.79 Million |
|
Ningbo Henghe Mould Co Ltd
SHE:300539
|
$520.82 Million |
|
Anhui Quanchai Engine Co Ltd
SHG:600218
|
$521.09 Million |
|
Sinclair Broadcast Group Inc
NASDAQ:SBGI
|
$521.17 Million |
|
BLACK DIAMOND GRP LTD
F:8B8
|
$520.51 Million |
|
MTY Food Group Inc
PINK:MTYFF
|
$520.27 Million |
|
Navigator Holdings Ltd
NYSE:NVGS
|
$519.74 Million |
|
Avanti Feeds Limited
NSE:AVANTIFEED
|
$519.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Haoningda Meters Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 582,841,116 to 559,982,775, a change of -22,858,341 (-3.9%).
- Net loss of 43,685,727 reduced equity.
- Dividend payments of 5,635 reduced retained earnings.
- Other factors increased equity by 20,833,021.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-43.69 Million | -7.8% |
| Dividends Paid | CN¥5.63K | -0.0% |
| Other Changes | CN¥20.83 Million | +3.72% |
| Total Change | CN¥- | -3.92% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Haoningda Meters 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: 9.96x
- 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 11.31x to 9.96x 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¥0.38 | CN¥4.25 | x |
| 2007-12-31 | CN¥0.54 | CN¥4.25 | x |
| 2008-12-31 | CN¥0.68 | CN¥4.25 | x |
| 2009-12-31 | CN¥0.86 | CN¥4.25 | x |
| 2010-12-31 | CN¥2.31 | CN¥4.25 | x |
| 2011-12-31 | CN¥2.29 | CN¥4.25 | x |
| 2012-12-31 | CN¥2.26 | CN¥4.25 | x |
| 2013-12-31 | CN¥2.30 | CN¥4.25 | x |
| 2014-12-31 | CN¥3.35 | CN¥4.25 | x |
| 2015-12-31 | CN¥2.94 | CN¥4.25 | x |
| 2016-12-31 | CN¥3.16 | CN¥4.25 | x |
| 2017-12-31 | CN¥3.41 | CN¥4.25 | x |
| 2018-12-31 | CN¥0.29 | CN¥4.25 | x |
| 2019-12-31 | CN¥-3.34 | CN¥4.25 | x |
| 2020-12-31 | CN¥-4.29 | CN¥4.25 | x |
| 2021-12-31 | CN¥0.52 | CN¥4.25 | x |
| 2022-12-31 | CN¥0.46 | CN¥4.25 | x |
| 2023-12-31 | CN¥0.44 | CN¥4.25 | x |
| 2024-12-31 | CN¥0.43 | CN¥4.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Haoningda Meters 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): -7.80%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -10.74%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 1.47x
- Recent ROE (-7.80%) is above the historical average (-42.02%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 46.44% | 28.84% | 0.71x | 2.28x | CN¥41.69 Million |
| 2007 | 32.15% | 26.30% | 0.68x | 1.81x | CN¥36.63 Million |
| 2008 | 22.15% | 21.90% | 0.58x | 1.74x | CN¥25.48 Million |
| 2009 | 20.67% | 20.33% | 0.62x | 1.65x | CN¥28.20 Million |
| 2010 | 3.14% | 8.16% | 0.30x | 1.28x | CN¥-64.07 Million |
| 2011 | 2.22% | 3.90% | 0.42x | 1.37x | CN¥-72.34 Million |
| 2012 | 2.26% | 3.46% | 0.43x | 1.52x | CN¥-72.41 Million |
| 2013 | 2.30% | 3.52% | 0.43x | 1.51x | CN¥-72.07 Million |
| 2014 | 2.98% | 5.63% | 0.33x | 1.61x | CN¥-102.50 Million |
| 2015 | 6.80% | 8.37% | 0.48x | 1.68x | CN¥-49.64 Million |
| 2016 | 8.34% | 6.55% | 0.45x | 2.84x | CN¥-27.74 Million |
| 2017 | 8.00% | 5.97% | 0.34x | 3.89x | CN¥-36.00 Million |
| 2018 | -1051.96% | -84.21% | 0.44x | 28.27x | CN¥-1.63 Billion |
| 2019 | 0.00% | -288.56% | 0.37x | 0.00x | CN¥-2.27 Billion |
| 2020 | 0.00% | -160.55% | 0.41x | 0.00x | CN¥-522.40 Million |
| 2021 | 132.91% | 270.39% | 0.31x | 1.59x | CN¥832.15 Million |
| 2022 | -20.92% | -78.16% | 0.19x | 1.39x | CN¥-187.56 Million |
| 2023 | -8.10% | -28.61% | 0.21x | 1.37x | CN¥-105.49 Million |
| 2024 | -7.80% | -10.74% | 0.49x | 1.47x | CN¥-99.68 Million |
Industry Comparison
This section compares Shenzhen Haoningda Meters Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Haoningda Meters Co Ltd (002356) | CN¥722.61 Million | 46.44% | 0.14x | $520.72 Million |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |