Hangzhou Zhongheng Electric Co Ltd (002364) - Net Assets
Based on the latest financial reports, Hangzhou Zhongheng Electric Co Ltd (002364) has net assets worth CN¥2.45 Billion CNY (≈ $358.16 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.90 Billion ≈ $570.89 Million USD) and total liabilities (CN¥1.45 Billion ≈ $212.73 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 how resilient are Hangzhou Zhongheng Electric Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.45 Billion |
| % of Total Assets | 62.74% |
| Annual Growth Rate | 19.76% |
| 5-Year Change | 10.09% |
| 10-Year Change | 98.5% |
| Growth Volatility | 47.33 |
Hangzhou Zhongheng Electric Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how Hangzhou Zhongheng Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Hangzhou Zhongheng Electric Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Hangzhou Zhongheng Electric Co Ltd (2006–2024)
The table below shows the annual net assets of Hangzhou Zhongheng Electric Co Ltd from 2006 to 2024. For live valuation and market cap data, see Hangzhou Zhongheng Electric Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.46 Billion ≈ $359.67 Million |
+5.47% |
| 2023-12-31 | CN¥2.33 Billion ≈ $341.02 Million |
+3.47% |
| 2022-12-31 | CN¥2.25 Billion ≈ $329.59 Million |
-3.73% |
| 2021-12-31 | CN¥2.34 Billion ≈ $342.37 Million |
+4.79% |
| 2020-12-31 | CN¥2.23 Billion ≈ $326.72 Million |
+3.42% |
| 2019-12-31 | CN¥2.16 Billion ≈ $315.91 Million |
-3.19% |
| 2018-12-31 | CN¥2.23 Billion ≈ $326.33 Million |
-5.98% |
| 2017-12-31 | CN¥2.37 Billion ≈ $347.07 Million |
-0.99% |
| 2016-12-31 | CN¥2.40 Billion ≈ $350.53 Million |
+93.45% |
| 2015-12-31 | CN¥1.24 Billion ≈ $181.20 Million |
+28.78% |
| 2014-12-31 | CN¥961.54 Million ≈ $140.70 Million |
+11.69% |
| 2013-12-31 | CN¥860.90 Million ≈ $125.98 Million |
+9.63% |
| 2012-12-31 | CN¥785.26 Million ≈ $114.91 Million |
+31.72% |
| 2011-12-31 | CN¥596.17 Million ≈ $87.24 Million |
+6.13% |
| 2010-12-31 | CN¥561.72 Million ≈ $82.20 Million |
+197.63% |
| 2009-12-31 | CN¥188.73 Million ≈ $27.62 Million |
+27.82% |
| 2008-12-31 | CN¥147.65 Million ≈ $21.61 Million |
+27.59% |
| 2007-12-31 | CN¥115.73 Million ≈ $16.93 Million |
+20.90% |
| 2006-12-31 | CN¥95.72 Million ≈ $14.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Zhongheng Electric 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 1754.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥733.49 Million | 30.18% |
| Common Stock | CN¥563.57 Million | 23.19% |
| Other Comprehensive Income | CN¥148.54 Million | 6.11% |
| Other Components | CN¥984.78 Million | 40.52% |
| Total Equity | CN¥2.43 Billion | 100.00% |
Hangzhou Zhongheng Electric Co Ltd Competitors by Market Cap
The table below lists competitors of Hangzhou Zhongheng Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Alliance Resource Partners LP
NASDAQ:ARLP
|
$3.36 Billion |
|
Impinj Inc
NASDAQ:PI
|
$3.36 Billion |
|
Alm. Brand
CO:ALMB
|
$3.37 Billion |
|
Kadant Inc
NYSE:KAI
|
$3.37 Billion |
|
Guangzhou Zhujiang Brewery Co Ltd
SHE:002461
|
$3.36 Billion |
|
SJVN Limited
NSE:SJVN
|
$3.36 Billion |
|
SkyWest Inc
NASDAQ:SKYW
|
$3.36 Billion |
|
MERCARI INC. UNSP.ADR/1/2
F:6TP0
|
$3.35 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Zhongheng Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,306,375,000 to 2,430,378,000, a change of 124,003,000 (5.4%).
- Net income of 109,629,757 contributed positively to equity growth.
- Dividend payments of 28,239,000 reduced retained earnings.
- Other comprehensive income increased equity by 6,560,430.
- Other factors increased equity by 36,051,813.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥109.63 Million | +4.51% |
| Dividends Paid | CN¥28.24 Million | -1.16% |
| Other Comprehensive Income | CN¥6.56 Million | +0.27% |
| Other Changes | CN¥36.05 Million | +1.48% |
| Total Change | CN¥- | 5.38% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Zhongheng Electric 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: 9.35x
- 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 128.95x to 9.35x 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¥0.32 | CN¥40.79 | x |
| 2007-12-31 | CN¥0.39 | CN¥40.79 | x |
| 2008-12-31 | CN¥0.49 | CN¥40.79 | x |
| 2009-12-31 | CN¥0.63 | CN¥40.79 | x |
| 2010-12-31 | CN¥1.54 | CN¥40.79 | x |
| 2011-12-31 | CN¥1.43 | CN¥40.79 | x |
| 2012-12-31 | CN¥1.56 | CN¥40.79 | x |
| 2013-12-31 | CN¥1.69 | CN¥40.79 | x |
| 2014-12-31 | CN¥1.91 | CN¥40.79 | x |
| 2015-12-31 | CN¥2.23 | CN¥40.79 | x |
| 2016-12-31 | CN¥4.27 | CN¥40.79 | x |
| 2017-12-31 | CN¥4.04 | CN¥40.79 | x |
| 2018-12-31 | CN¥4.04 | CN¥40.79 | x |
| 2019-12-31 | CN¥3.91 | CN¥40.79 | x |
| 2020-12-31 | CN¥4.18 | CN¥40.79 | x |
| 2021-12-31 | CN¥4.14 | CN¥40.79 | x |
| 2022-12-31 | CN¥3.96 | CN¥40.79 | x |
| 2023-12-31 | CN¥4.10 | CN¥40.79 | x |
| 2024-12-31 | CN¥4.36 | CN¥40.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Zhongheng Electric 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): 4.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.59%
- • Asset Turnover: 0.52x
- • Equity Multiplier: 1.56x
- Recent ROE (4.51%) is below the historical average (9.08%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 15.81% | 7.55% | 0.98x | 2.14x | CN¥5.56 Million |
| 2007 | 25.93% | 13.30% | 0.92x | 2.11x | CN¥18.43 Million |
| 2008 | 21.62% | 13.24% | 0.96x | 1.70x | CN¥17.16 Million |
| 2009 | 21.77% | 15.93% | 0.85x | 1.61x | CN¥22.20 Million |
| 2010 | 6.32% | 15.22% | 0.37x | 1.14x | CN¥-20.68 Million |
| 2011 | 6.76% | 17.04% | 0.41x | 0.98x | CN¥-22.89 Million |
| 2012 | 10.91% | 21.62% | 0.42x | 1.20x | CN¥7.12 Million |
| 2013 | 10.33% | 20.60% | 0.44x | 1.14x | CN¥2.86 Million |
| 2014 | 13.07% | 20.92% | 0.50x | 1.25x | CN¥29.56 Million |
| 2015 | 12.13% | 17.04% | 0.51x | 1.38x | CN¥25.15 Million |
| 2016 | 6.79% | 17.76% | 0.34x | 1.14x | CN¥-74.82 Million |
| 2017 | 2.72% | 7.36% | 0.32x | 1.14x | CN¥-170.55 Million |
| 2018 | 3.46% | 7.79% | 0.39x | 1.15x | CN¥-144.66 Million |
| 2019 | 3.58% | 6.54% | 0.44x | 1.23x | CN¥-137.79 Million |
| 2020 | 3.82% | 5.93% | 0.42x | 1.55x | CN¥-137.35 Million |
| 2021 | 3.83% | 4.91% | 0.56x | 1.40x | CN¥-144.10 Million |
| 2022 | -2.50% | -3.47% | 0.49x | 1.47x | CN¥-278.96 Million |
| 2023 | 1.71% | 2.53% | 0.47x | 1.43x | CN¥-191.28 Million |
| 2024 | 4.51% | 5.59% | 0.52x | 1.56x | CN¥-133.41 Million |
Industry Comparison
This section compares Hangzhou Zhongheng Electric 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: $1,164,821,620
- Average return on equity (ROE) among peers: -27.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Zhongheng Electric Co Ltd (002364) | CN¥2.45 Billion | 15.81% | 0.59x | $3.36 Billion |
| XJ Electric Co Ltd (000400) | $789.62 Million | 13.31% | 0.28x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $3.00 Billion | 13.36% | 0.15x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $967.32 Million | 3.48% | 4.72x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $141.93 Million | 21.53% | 0.30x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $478.86 Million | 17.57% | 0.71x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $170.82 Million | 5.01% | 0.32x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $3.04 Billion | 19.22% | 1.21x | $9.75 Billion |
About Hangzhou Zhongheng Electric Co Ltd
Hangzhou Zhongheng Electric Co., Ltd. provides electronics manufacturing solutions in China, rest of Asia, Europe, the United States, and internationally. The company offers prefabricated solution for data center power supply system; and charging and swapping solutions. It also provides solutions for communication power supply and distribution system, as well as power system solutions. In additio… Read more