Hanwang Technology Co Ltd (002362) - Net Assets

Latest as of March 2026: CN¥1.05 Billion CNY ≈ $154.24 Million USD

Based on the latest financial reports, Hanwang Technology Co Ltd (002362) has net assets worth CN¥1.05 Billion CNY (≈ $154.24 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.91 Billion ≈ $279.03 Million USD) and total liabilities (CN¥852.80 Million ≈ $124.79 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. Also explore 002362 total assets for the complete picture of this company's asset base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.05 Billion
% of Total Assets	55.28%
Annual Growth Rate	12.84%
5-Year Change	-37.93%
10-Year Change	39.86%
Growth Volatility	104.29

Hanwang Technology Co Ltd - Net Assets Trend (2005–2025)

This chart illustrates how Hanwang Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Hanwang Technology Co Ltd (002362) tangible net worth to evaluate the tangible quality of the company's equity base.

Annual Net Assets for Hanwang Technology Co Ltd (2005–2025)

The table below shows the annual net assets of Hanwang Technology Co Ltd from 2005 to 2025. For live valuation and market cap data, see Hanwang Technology Co Ltd market cap and net worth.

Year	Net Assets	Change
2025-12-31	CN¥1.09 Billion ≈ $160.10 Million	-14.26%
2024-12-31	CN¥1.28 Billion ≈ $186.73 Million	-7.53%
2023-12-31	CN¥1.38 Billion ≈ $201.94 Million	-12.72%
2022-12-31	CN¥1.58 Billion ≈ $231.36 Million	-10.30%
2021-12-31	CN¥1.76 Billion ≈ $257.94 Million	+6.10%
2020-12-31	CN¥1.66 Billion ≈ $243.10 Million	+73.48%
2019-12-31	CN¥957.60 Million ≈ $140.13 Million	+8.10%
2018-12-31	CN¥885.85 Million ≈ $129.63 Million	+4.40%
2017-12-31	CN¥848.50 Million ≈ $124.16 Million	+8.47%
2016-12-31	CN¥782.26 Million ≈ $114.47 Million	+4.47%
2015-12-31	CN¥748.78 Million ≈ $109.57 Million	+1.74%
2014-12-31	CN¥735.95 Million ≈ $107.69 Million	+2.29%
2013-12-31	CN¥719.45 Million ≈ $105.28 Million	-23.20%
2012-12-31	CN¥936.76 Million ≈ $137.08 Million	+1.25%
2011-12-31	CN¥925.16 Million ≈ $135.38 Million	-34.88%
2010-12-31	CN¥1.42 Billion ≈ $207.88 Million	+472.04%
2009-12-31	CN¥248.34 Million ≈ $36.34 Million	+56.05%
2008-12-31	CN¥159.15 Million ≈ $23.29 Million	+11.58%
2007-12-31	CN¥142.63 Million ≈ $20.87 Million	+19.25%
2006-12-31	CN¥119.61 Million ≈ $17.50 Million	+22.43%
2005-12-31	CN¥97.70 Million ≈ $14.30 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Hanwang 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 decreased by 17044.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥1.73 Billion	182.08%
Total Equity	CN¥948.94 Million	100.00%

Hanwang Technology Co Ltd Competitors by Market Cap

The table below lists competitors of Hanwang Technology Co Ltd ranked by their market capitalization.

Company	Market Cap
China Chippacking Technology Co. Ltd. A SHG:688216	$512.27 Million
Monro Muffler Brake Inc NASDAQ:MNRO	$512.44 Million
Zhejiang Kaier New Materials SHE:300234	$512.46 Million
Kearny Financial Corp NASDAQ:KRNY	$512.49 Million
Monalisa Group Co Ltd Class A SHE:002918	$512.07 Million
Zhejiang Xiantong Rubber&Plastic Co Ltd SHG:603239	$511.82 Million
Sunplus Technology Co Ltd TW:2401	$511.67 Million
Matas A/S CO:MATAS	$511.65 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hanwang Technology Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 1,140,862,000 to 948,943,325, a change of -191,918,675 (-16.8%).
Net loss of 195,943,699 reduced equity.
Dividend payments of 7,069,826 reduced retained earnings.
Other factors increased equity by 11,094,849.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-195.94 Million	-20.65%
Dividends Paid	CN¥7.07 Million	-0.75%
Other Changes	CN¥11.09 Million	+1.17%
Total Change	CN¥-	-16.82%

Book Value vs Market Value Analysis

This analysis compares Hanwang 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: 3.69x
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 19.49x to 3.69x 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¥0.73	CN¥14.32	x
2006-12-31	CN¥0.70	CN¥14.32	x
2007-12-31	CN¥0.84	CN¥14.32	x
2008-12-31	CN¥0.98	CN¥14.32	x
2009-12-31	CN¥1.54	CN¥14.32	x
2010-12-31	CN¥7.10	CN¥14.32	x
2011-12-31	CN¥4.31	CN¥14.32	x
2012-12-31	CN¥4.37	CN¥14.32	x
2013-12-31	CN¥3.35	CN¥14.32	x
2014-12-31	CN¥3.44	CN¥14.32	x
2015-12-31	CN¥3.08	CN¥14.32	x
2016-12-31	CN¥3.59	CN¥14.32	x
2017-12-31	CN¥3.81	CN¥14.32	x
2018-12-31	CN¥3.95	CN¥14.32	x
2019-12-31	CN¥3.96	CN¥14.32	x
2020-12-31	CN¥6.93	CN¥14.32	x
2021-12-31	CN¥6.27	CN¥14.32	x
2022-12-31	CN¥5.69	CN¥14.32	x
2023-12-31	CN¥5.12	CN¥14.32	x
2024-12-31	CN¥4.67	CN¥14.32	x
2025-12-31	CN¥3.88	CN¥14.32	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hanwang 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): -20.65%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -10.37%
• Asset Turnover: 0.98x
• Equity Multiplier: 2.03x
Recent ROE (-20.65%) is below the historical average (0.16%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	13.61%	6.89%	0.70x	2.81x	CN¥3.29 Million
2006	16.41%	9.20%	0.77x	2.33x	CN¥7.18 Million
2007	20.28%	11.68%	0.84x	2.07x	CN¥13.85 Million
2008	18.80%	13.10%	0.63x	2.27x	CN¥14.01 Million
2009	34.77%	14.72%	0.95x	2.50x	CN¥60.98 Million
2010	6.20%	7.11%	0.67x	1.31x	CN¥-53.96 Million
2011	-53.80%	-93.16%	0.42x	1.38x	CN¥-589.02 Million
2012	1.23%	2.78%	0.38x	1.17x	CN¥-81.95 Million
2013	-30.12%	-77.63%	0.33x	1.18x	CN¥-288.21 Million
2014	1.46%	3.01%	0.41x	1.17x	CN¥-62.54 Million
2015	0.65%	1.32%	0.43x	1.15x	CN¥-69.36 Million
2016	2.78%	5.13%	0.44x	1.22x	CN¥-55.42 Million
2017	5.27%	7.16%	0.57x	1.30x	CN¥-38.78 Million
2018	1.86%	2.12%	0.64x	1.36x	CN¥-69.50 Million
2019	4.36%	3.39%	0.85x	1.51x	CN¥-48.46 Million
2020	6.91%	6.69%	0.74x	1.39x	CN¥-46.44 Million
2021	3.53%	3.35%	0.74x	1.43x	CN¥-99.24 Million
2022	-9.75%	-9.69%	0.69x	1.45x	CN¥-274.79 Million
2023	-10.76%	-9.29%	0.76x	1.51x	CN¥-260.01 Million
2024	-9.66%	-6.06%	0.93x	1.71x	CN¥-224.25 Million
2025	-20.65%	-10.37%	0.98x	2.03x	CN¥-290.84 Million

Industry Comparison

This section compares Hanwang Technology Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

Industry: Communication Equipment
Average net assets among peers: $7,137,505,923
Average return on equity (ROE) among peers: 2.02%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hanwang Technology Co Ltd (002362)	CN¥1.05 Billion	13.61%	0.81x	$512.25 Million
ZTE Corp (000063)	$53.29 Billion	12.79%	2.17x	$20.56 Billion
Shenzhen SDG Information Co Ltd (000070)	$2.52 Billion	-24.54%	2.30x	$1.81 Billion
Addsino Co Ltd (000547)	$1.19 Billion	5.82%	0.43x	$3.19 Billion
Sichuan Huiyuan Optical Com (000586)	$282.30 Million	0.55%	1.18x	$290.42 Million
PetroChina Jinhong Energy Investment Co Ltd (000669)	$4.37 Billion	7.22%	1.20x	$333.54 Million
Sichuan Jiuzhou Electronic Co Ltd (000801)	$2.95 Billion	4.92%	0.86x	$1.66 Billion
Skyworth Digital Co Ltd (000810)	$3.10 Billion	10.68%	1.69x	$1.66 Billion
Gohigh Data Networks Technology Co Ltd (000851)	$1.12 Billion	2.10%	1.14x	$64.38 Million
Shenzhen Coship Electronics Co Ltd (002052)	$-6.48 Million	0.00%	0.00x	$899.56 Million
Sunwave Communications Co Ltd (002115)	$2.57 Billion	0.68%	0.81x	$1.38 Billion

About Hanwang Technology Co Ltd

SHE:002362 China Communication Equipment

Market Cap

$512.25 Million

CN¥3.50 Billion CNY

Market Cap Rank

#11898 Global

#3285 in China

Share Price

CN¥14.32

Change (1 day)

+1.49%

52-Week Range

CN¥14.11 - CN¥27.00

All Time High

CN¥39.11