Hangzhou Great Star Industrial Co Ltd (002444) - Net Assets
Based on the latest financial reports, Hangzhou Great Star Industrial Co Ltd (002444) has net assets worth CN¥19.24 Billion CNY (≈ $2.81 Billion 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¥23.25 Billion ≈ $3.40 Billion USD) and total liabilities (CN¥4.02 Billion ≈ $587.87 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 Hangzhou Great Star Industrial Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥19.24 Billion |
| % of Total Assets | 82.72% |
| Annual Growth Rate | 27.9% |
| 5-Year Change | 83.52% |
| 10-Year Change | 302.91% |
| Growth Volatility | 76.79 |
Hangzhou Great Star Industrial Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Hangzhou Great Star Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002444 asset base for the complete picture of this company's asset base.
Annual Net Assets for Hangzhou Great Star Industrial Co Ltd (2007–2024)
The table below shows the annual net assets of Hangzhou Great Star Industrial Co Ltd from 2007 to 2024. For live valuation and market cap data, see how much is Hangzhou Great Star Industrial Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥16.59 Billion ≈ $2.43 Billion |
+10.48% |
| 2023-12-31 | CN¥15.01 Billion ≈ $2.20 Billion |
+10.19% |
| 2022-12-31 | CN¥13.62 Billion ≈ $1.99 Billion |
+26.00% |
| 2021-12-31 | CN¥10.81 Billion ≈ $1.58 Billion |
+19.65% |
| 2020-12-31 | CN¥9.04 Billion ≈ $1.32 Billion |
+18.66% |
| 2019-12-31 | CN¥7.62 Billion ≈ $1.11 Billion |
+11.65% |
| 2018-12-31 | CN¥6.82 Billion ≈ $998.19 Million |
+11.94% |
| 2017-12-31 | CN¥6.09 Billion ≈ $891.75 Million |
+6.17% |
| 2016-12-31 | CN¥5.74 Billion ≈ $839.94 Million |
+39.44% |
| 2015-12-31 | CN¥4.12 Billion ≈ $602.36 Million |
+3.66% |
| 2014-12-31 | CN¥3.97 Billion ≈ $581.08 Million |
+9.88% |
| 2013-12-31 | CN¥3.61 Billion ≈ $528.84 Million |
+21.86% |
| 2012-12-31 | CN¥2.97 Billion ≈ $433.99 Million |
+11.31% |
| 2011-12-31 | CN¥2.66 Billion ≈ $389.88 Million |
+0.89% |
| 2010-12-31 | CN¥2.64 Billion ≈ $386.45 Million |
+339.02% |
| 2009-12-31 | CN¥601.55 Million ≈ $88.03 Million |
+57.19% |
| 2008-12-31 | CN¥382.70 Million ≈ $56.00 Million |
+51.39% |
| 2007-12-31 | CN¥252.80 Million ≈ $36.99 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Great Star Industrial 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 12687.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥10.31 Billion | 62.84% |
| Common Stock | CN¥1.19 Billion | 7.28% |
| Other Comprehensive Income | CN¥1.40 Billion | 8.55% |
| Other Components | CN¥3.50 Billion | 21.33% |
| Total Equity | CN¥16.40 Billion | 100.00% |
Hangzhou Great Star Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of Hangzhou Great Star Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bullish
NYSE:BLSH
|
$6.38 Billion |
|
Tube Investments of India Limited
NSE:TIINDIA
|
$6.38 Billion |
|
Brookfield Business Corp
NYSE:BBUC
|
$6.39 Billion |
|
Xinhu Zhongbao Co Ltd
SHG:600208
|
$6.39 Billion |
|
Ryman Hospitality Properties Inc
NYSE:RHP
|
$6.38 Billion |
|
Anhui Gujing Distillery Co Ltd
SHE:000596
|
$6.36 Billion |
|
COVIVIO UNS.ADR/1/4
F:F5D0
|
$6.36 Billion |
|
Argan Inc
NYSE:AGX
|
$6.36 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Great Star Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 14,847,980,075 to 16,402,655,855, a change of 1,554,675,780 (10.5%).
- Net income of 2,303,624,287 contributed positively to equity growth.
- Dividend payments of 784,334,413 reduced retained earnings.
- Other comprehensive income increased equity by 1,402,661,466.
- Other factors decreased equity by 1,367,275,560.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.30 Billion | +14.04% |
| Dividends Paid | CN¥784.33 Million | -4.78% |
| Other Comprehensive Income | CN¥1.40 Billion | +8.55% |
| Other Changes | CN¥-1.37 Billion | -8.34% |
| Total Change | CN¥- | 10.47% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Great Star Industrial 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: 2.66x
- 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 119.75x to 2.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.30 | CN¥36.50 | x |
| 2008-12-31 | CN¥0.47 | CN¥36.50 | x |
| 2009-12-31 | CN¥0.75 | CN¥36.50 | x |
| 2010-12-31 | CN¥3.02 | CN¥36.50 | x |
| 2011-12-31 | CN¥2.58 | CN¥36.50 | x |
| 2012-12-31 | CN¥2.89 | CN¥36.50 | x |
| 2013-12-31 | CN¥3.48 | CN¥36.50 | x |
| 2014-12-31 | CN¥3.85 | CN¥36.50 | x |
| 2015-12-31 | CN¥3.94 | CN¥36.50 | x |
| 2016-12-31 | CN¥5.25 | CN¥36.50 | x |
| 2017-12-31 | CN¥5.55 | CN¥36.50 | x |
| 2018-12-31 | CN¥6.21 | CN¥36.50 | x |
| 2019-12-31 | CN¥6.98 | CN¥36.50 | x |
| 2020-12-31 | CN¥8.17 | CN¥36.50 | x |
| 2021-12-31 | CN¥9.40 | CN¥36.50 | x |
| 2022-12-31 | CN¥11.75 | CN¥36.50 | x |
| 2023-12-31 | CN¥12.43 | CN¥36.50 | x |
| 2024-12-31 | CN¥13.73 | CN¥36.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Great Star Industrial 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): 14.04%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.57%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.41x
- Recent ROE (14.04%) is below the historical average (15.85%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 28.08% | 4.50% | 1.82x | 3.44x | CN¥42.07 Million |
| 2008 | 46.35% | 8.61% | 2.36x | 2.28x | CN¥130.20 Million |
| 2009 | 37.54% | 13.76% | 1.70x | 1.60x | CN¥157.91 Million |
| 2010 | 10.27% | 14.24% | 0.65x | 1.12x | CN¥7.15 Million |
| 2011 | 10.45% | 12.73% | 0.67x | 1.22x | CN¥11.95 Million |
| 2012 | 9.67% | 12.21% | 0.61x | 1.30x | CN¥-9.46 Million |
| 2013 | 12.08% | 16.16% | 0.57x | 1.30x | CN¥73.67 Million |
| 2014 | 12.46% | 16.95% | 0.53x | 1.40x | CN¥95.91 Million |
| 2015 | 11.93% | 15.11% | 0.57x | 1.37x | CN¥77.61 Million |
| 2016 | 11.05% | 17.25% | 0.51x | 1.26x | CN¥59.04 Million |
| 2017 | 9.20% | 12.82% | 0.54x | 1.33x | CN¥-47.90 Million |
| 2018 | 10.79% | 12.08% | 0.64x | 1.40x | CN¥52.52 Million |
| 2019 | 12.05% | 13.51% | 0.60x | 1.50x | CN¥151.97 Million |
| 2020 | 15.30% | 15.80% | 0.62x | 1.55x | CN¥467.51 Million |
| 2021 | 11.98% | 11.63% | 0.63x | 1.63x | CN¥210.11 Million |
| 2022 | 10.60% | 11.26% | 0.68x | 1.39x | CN¥80.06 Million |
| 2023 | 11.39% | 15.48% | 0.56x | 1.33x | CN¥206.81 Million |
| 2024 | 14.04% | 15.57% | 0.64x | 1.41x | CN¥663.36 Million |
Industry Comparison
This section compares Hangzhou Great Star Industrial Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,227,660,983
- Average return on equity (ROE) among peers: 8.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Great Star Industrial Co Ltd (002444) | CN¥19.24 Billion | 28.08% | 0.21x | $6.38 Billion |
| Bosun Tools Co Ltd (002282) | $781.83 Million | 0.84% | 0.33x | $536.57 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $944.80 Million | 8.52% | 0.08x | $677.43 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.26 Billion | 7.26% | 0.27x | $540.92 Million |
| Geron Co Ltd (002722) | $1.73 Billion | 4.95% | 0.47x | $519.01 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $172.09 Million | 31.13% | 1.09x | $2.05 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $5.03 Billion | 17.69% | 0.98x | $973.03 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $374.78 Million | 20.27% | 0.76x | $820.23 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $382.63 Million | 10.71% | 0.29x | $1.02 Billion |
| Wafangdian Bearing Co Ltd (200706) | $371.31 Million | -26.79% | 7.57x | $143.90 Million |
About Hangzhou Great Star Industrial Co Ltd
Hangzhou Greatstar Industrial Co., Ltd engages in research and development, production, and sales of hand, power, and industrial tools in China and internationally. The company offers pneumatic staplers and fastener, laser measuring tools, laser radar, tool cabinets, industrial storage cabinets and vacuum cleaners, cabinet storage equipment, and labor protection products under the ARROW, SK, shop… Read more