Shenzhen Haoningda Meters Co Ltd (002356) - Net Assets
Based on the latest financial reports, Shenzhen Haoningda Meters Co Ltd (002356) has net assets worth CN¥693.66 Million CNY (≈ $101.50 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥757.07 Million ≈ $110.78 Million USD) and total liabilities (CN¥63.42 Million ≈ $9.28 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 Shenzhen Haoningda Meters Co Ltd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥693.66 Million |
| % of Total Assets | 91.62% |
| Annual Growth Rate | 9.65% |
| 5-Year Change | 2.47% |
| 10-Year Change | -62.51% |
| Growth Volatility | 1225.58 |
Shenzhen Haoningda Meters Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how Shenzhen Haoningda Meters Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Shenzhen Haoningda Meters Co Ltd market capitalisation.
Annual Net Assets for Shenzhen Haoningda Meters Co Ltd (2006–2025)
The table below shows the annual net assets of Shenzhen Haoningda Meters Co Ltd from 2006 to 2025. Also explore 002356 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥707.03 Million ≈ $103.46 Million |
+11.59% |
| 2024-12-31 | CN¥633.57 Million ≈ $92.71 Million |
+7.48% |
| 2023-12-31 | CN¥589.47 Million ≈ $86.26 Million |
-4.43% |
| 2022-12-31 | CN¥616.77 Million ≈ $90.25 Million |
-10.61% |
| 2021-12-31 | CN¥690.00 Million ≈ $100.97 Million |
+123.06% |
| 2020-12-31 | CN¥-2.99 Billion ≈ $-437.81 Million |
-22.46% |
| 2019-12-31 | CN¥-2.44 Billion ≈ $-357.52 Million |
-5179.54% |
| 2018-12-31 | CN¥48.10 Million ≈ $7.04 Million |
-97.80% |
| 2017-12-31 | CN¥2.19 Billion ≈ $319.79 Million |
+15.89% |
| 2016-12-31 | CN¥1.89 Billion ≈ $275.95 Million |
+17.72% |
| 2015-12-31 | CN¥1.60 Billion ≈ $234.42 Million |
+8.20% |
| 2014-12-31 | CN¥1.48 Billion ≈ $216.66 Million |
+54.28% |
| 2013-12-31 | CN¥959.67 Million ≈ $140.43 Million |
+0.00% |
| 2012-12-31 | CN¥959.64 Million ≈ $140.43 Million |
+0.43% |
| 2011-12-31 | CN¥955.49 Million ≈ $139.82 Million |
+2.29% |
| 2010-12-31 | CN¥934.11 Million ≈ $136.69 Million |
+253.33% |
| 2009-12-31 | CN¥264.38 Million ≈ $38.69 Million |
+26.05% |
| 2008-12-31 | CN¥209.74 Million ≈ $30.69 Million |
+17.84% |
| 2007-12-31 | CN¥177.98 Million ≈ $26.04 Million |
+44.84% |
| 2006-12-31 | CN¥122.88 Million ≈ $17.98 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 4006.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥3.43 Billion | 565.08% |
| Total Equity | CN¥606.88 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 |
|---|---|
|
Deluxe Family Co Ltd
SHG:600503
|
$518.17 Million |
|
Care Property Invest NV
BR:CPINV
|
$518.27 Million |
|
Precious Shipping Public Company Limited
BK:PSL
|
$518.30 Million |
|
PlayAGS Inc
NYSE:AGS
|
$518.40 Million |
|
G City Ltd
TA:GCT
|
$518.00 Million |
|
Potbelly Co
NASDAQ:PBPB
|
$517.96 Million |
|
KraussMaffei Co Ltd
SHG:600579
|
$517.88 Million |
|
Martinrea International Inc.
TO:MRE
|
$517.83 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 2024 to 2025, total equity changed from 559,982,775 to 606,880,755, a change of 46,897,980 (8.4%).
- Net income of 38,386,778 contributed positively to equity growth.
- Other comprehensive income decreased equity by 68,399,603.
- Other factors increased equity by 76,910,805.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥38.39 Million | +6.33% |
| Other Comprehensive Income | CN¥-68.40 Million | -11.27% |
| Other Changes | CN¥76.91 Million | +12.67% |
| Total Change | CN¥- | 8.37% |
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: 5.83x
- 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 7.19x to 5.83x 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¥0.38 | CN¥2.70 | x |
| 2007-12-31 | CN¥0.54 | CN¥2.70 | x |
| 2008-12-31 | CN¥0.68 | CN¥2.70 | x |
| 2009-12-31 | CN¥0.86 | CN¥2.70 | x |
| 2010-12-31 | CN¥2.31 | CN¥2.70 | x |
| 2011-12-31 | CN¥2.29 | CN¥2.70 | x |
| 2012-12-31 | CN¥2.29 | CN¥2.70 | x |
| 2013-12-31 | CN¥2.30 | CN¥2.70 | x |
| 2014-12-31 | CN¥3.35 | CN¥2.70 | x |
| 2015-12-31 | CN¥2.94 | CN¥2.70 | x |
| 2016-12-31 | CN¥3.16 | CN¥2.70 | x |
| 2017-12-31 | CN¥3.41 | CN¥2.70 | x |
| 2018-12-31 | CN¥0.29 | CN¥2.70 | x |
| 2019-12-31 | CN¥-3.34 | CN¥2.70 | x |
| 2020-12-31 | CN¥-1.73 | CN¥2.70 | x |
| 2021-12-31 | CN¥0.52 | CN¥2.70 | x |
| 2022-12-31 | CN¥0.46 | CN¥2.70 | x |
| 2023-12-31 | CN¥0.44 | CN¥2.70 | x |
| 2024-12-31 | CN¥0.43 | CN¥2.70 | x |
| 2025-12-31 | CN¥0.46 | CN¥2.70 | 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): 6.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.59%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.34x
- Recent ROE (6.33%) is above the historical average (-40.28%), 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 | -1076.15% | -86.12% | 0.44x | 28.27x | CN¥-1.67 Billion |
| 2019 | 0.00% | -221.42% | 0.37x | 0.00x | CN¥-1.70 Billion |
| 2020 | 0.00% | -108.03% | 0.41x | 0.00x | CN¥-277.37 Million |
| 2021 | 132.91% | 270.39% | 0.31x | 1.59x | CN¥832.15 Million |
| 2022 | -10.17% | -37.99% | 0.19x | 1.39x | CN¥-122.34 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 |
| 2025 | 6.33% | 6.59% | 0.72x | 1.34x | CN¥-22.30 Million |
Industry Comparison
This section compares Shenzhen Haoningda Meters Co Ltd's net assets metrics with peer companies in the Specialty Retail industry.
Industry Context
- Industry: Specialty Retail
- Average net assets among peers: $2,465,927,256
- Average return on equity (ROE) among peers: 10.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Haoningda Meters Co Ltd (002356) | CN¥693.66 Million | 46.44% | 0.09x | $518.07 Million |
| Suning Commerce Group Co Ltd (002024) | $4.83 Billion | 30.35% | 2.36x | $1.57 Billion |
| Haining China Leather Market Co Ltd (002344) | $1.98 Billion | 12.67% | 1.19x | $748.87 Million |
| Zhejiang Aishida Electric Co Ltd (002403) | $1.67 Billion | 2.56% | 0.42x | $482.51 Million |
| Shenzhen Aisidi Co Ltd (002416) | $6.39 Billion | 10.25% | 0.95x | $1.63 Billion |
| Beijing Sanfo Outdoor Products Co Ltd (002780) | $553.21 Million | -11.83% | 0.45x | $341.19 Million |
| Doctorglasses Chain Co Ltd (300622) | $453.13 Million | 11.52% | 0.16x | $707.66 Million |
| BYBON Group Co Ltd Class A (300736) | $127.73 Million | 24.06% | 0.54x | $610.67 Million |
| Kidswant Children Products Co.Ltd. (301078) | $2.96 Billion | 4.12% | 1.65x | $1.28 Billion |
| Ziel Home Furnishing Technology Co. Ltd. A (301376) | $3.23 Billion | 10.34% | 0.94x | $1.32 Billion |
About Shenzhen Haoningda Meters Co Ltd
Shenzhen Pengfei Green Energy Development Co., Ltd., together with its subsidiaries, engages in the commercial retail business in China. The company offers accessories, jewelry, menswear, womenswear, casual wear, sportswear, childrenswear, and footwear under the MCM, FURLA, and MSGM brands. It sells its products through its OBLU and VENITA brand concept stores and online e-commerce platforms. The… Read more