Guangdong HongDa Blasting Co Ltd
Guangdong Hongda Holdings Group Co., Ltd., together with its subsidiaries, provides mining and civil explosives services in China and internationally. It operates through three segments: Mining Engineering Services; Civil Blasting Equipment Production and Sales; and Defense Equipment Production. The company offers open-pit mining, underground mining, and mixed loading; and mining services, includ… Read more
Guangdong HongDa Blasting Co Ltd (002683) - Net Assets
Latest net assets as of September 2025: CN¥14.62 Billion CNY
Based on the latest financial reports, Guangdong HongDa Blasting Co Ltd (002683) has net assets worth CN¥14.62 Billion 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¥31.56 Billion) and total liabilities (CN¥16.94 Billion). 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¥14.62 Billion |
| % of Total Assets | 46.33% |
| Annual Growth Rate | 28.36% |
| 5-Year Change | 34.23% |
| 10-Year Change | 226.79% |
| Growth Volatility | 70.81 |
Guangdong HongDa Blasting Co Ltd - Net Assets Trend (2005–2024)
This chart illustrates how Guangdong HongDa Blasting 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 Guangdong HongDa Blasting Co Ltd (2005–2024)
The table below shows the annual net assets of Guangdong HongDa Blasting Co Ltd from 2005 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.81 Billion | -1.67% |
| 2023-12-31 | CN¥7.94 Billion | +11.44% |
| 2022-12-31 | CN¥7.13 Billion | +5.63% |
| 2021-12-31 | CN¥6.75 Billion | +15.96% |
| 2020-12-31 | CN¥5.82 Billion | +56.57% |
| 2019-12-31 | CN¥3.72 Billion | +7.36% |
| 2018-12-31 | CN¥3.46 Billion | +5.61% |
| 2017-12-31 | CN¥3.28 Billion | +5.92% |
| 2016-12-31 | CN¥3.09 Billion | +29.46% |
| 2015-12-31 | CN¥2.39 Billion | +0.74% |
| 2014-12-31 | CN¥2.37 Billion | +53.22% |
| 2013-12-31 | CN¥1.55 Billion | +26.98% |
| 2012-12-31 | CN¥1.22 Billion | +190.50% |
| 2011-12-31 | CN¥419.85 Million | +30.09% |
| 2010-12-31 | CN¥322.73 Million | -8.12% |
| 2009-12-31 | CN¥351.27 Million | +270.15% |
| 2007-12-31 | CN¥94.90 Million | -6.51% |
| 2006-12-31 | CN¥101.51 Million | +49.39% |
| 2005-12-31 | CN¥67.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong HongDa Blasting 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 116502.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.43 Billion | 37.47% |
| Common Stock | CN¥760.00 Million | 11.70% |
| Other Comprehensive Income | CN¥402.18 Million | 6.19% |
| Other Components | CN¥2.90 Billion | 44.63% |
| Total Equity | CN¥6.49 Billion | 100.00% |
Guangdong HongDa Blasting Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong HongDa Blasting Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sendas Distribuidora S.A.
PINK:ASAIY
|
$2.52 Billion |
|
Incitec Pivot Limited
PINK:ICPVF
|
$2.52 Billion |
|
Shanghai Xinmei Real Estate Co Ltd Class A
SHG:600732
|
$2.52 Billion |
|
Constellium SE
F:3OK
|
$2.53 Billion |
|
Mandatum Oyj
PINK:MANDF
|
$2.52 Billion |
|
Taiwan Glass Ind Corp
TW:1802
|
$2.52 Billion |
|
The Western Union Company
MX:WU
|
$2.52 Billion |
|
Gibson Energy Inc
PINK:GBNXF
|
$2.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong HongDa Blasting Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,469,822,945 to 6,493,501,914, a change of 23,678,969 (0.4%).
- Net income of 897,766,563 contributed positively to equity growth.
- Dividend payments of 667,479,489 reduced retained earnings.
- Share repurchases of 122,944,799 reduced equity.
- Other comprehensive income increased equity by 402,179,398.
- Other factors decreased equity by 485,842,704.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥897.77 Million | +13.83% |
| Dividends Paid | CN¥667.48 Million | -10.28% |
| Share Repurchases | CN¥122.94 Million | -1.89% |
| Other Comprehensive Income | CN¥402.18 Million | +6.19% |
| Other Changes | CN¥-485.84 Million | -7.48% |
| Total Change | CN¥- | 0.37% |
Book Value vs Market Value Analysis
This analysis compares Guangdong HongDa Blasting 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: 4.98x
- 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 107.46x to 4.98x 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¥0.41 | CN¥43.62 | x |
| 2006-12-31 | CN¥0.48 | CN¥43.62 | x |
| 2007-12-31 | CN¥0.58 | CN¥43.62 | x |
| 2009-12-31 | CN¥1.09 | CN¥43.62 | x |
| 2010-12-31 | CN¥0.88 | CN¥43.62 | x |
| 2011-12-31 | CN¥1.01 | CN¥43.62 | x |
| 2012-12-31 | CN¥2.54 | CN¥43.62 | x |
| 2013-12-31 | CN¥2.42 | CN¥43.62 | x |
| 2014-12-31 | CN¥3.51 | CN¥43.62 | x |
| 2015-12-31 | CN¥3.61 | CN¥43.62 | x |
| 2016-12-31 | CN¥4.12 | CN¥43.62 | x |
| 2017-12-31 | CN¥4.24 | CN¥43.62 | x |
| 2018-12-31 | CN¥4.37 | CN¥43.62 | x |
| 2019-12-31 | CN¥4.65 | CN¥43.62 | x |
| 2020-12-31 | CN¥7.39 | CN¥43.62 | x |
| 2021-12-31 | CN¥7.47 | CN¥43.62 | x |
| 2022-12-31 | CN¥7.93 | CN¥43.62 | x |
| 2023-12-31 | CN¥8.64 | CN¥43.62 | x |
| 2024-12-31 | CN¥8.75 | CN¥43.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong HongDa Blasting 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): 13.83%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.58%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 3.03x
- Recent ROE (13.83%) is above the historical average (12.67%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 4.69% | 1.34% | 1.60x | 2.19x | CN¥-3.57 Million |
| 2006 | 19.20% | 3.52% | 1.89x | 2.89x | CN¥7.31 Million |
| 2007 | 27.56% | 4.61% | 2.23x | 2.68x | CN¥16.48 Million |
| 2009 | 22.76% | 6.27% | 1.33x | 2.74x | CN¥40.86 Million |
| 2010 | 30.11% | 7.20% | 1.26x | 3.32x | CN¥63.83 Million |
| 2011 | 29.39% | 7.50% | 1.35x | 2.91x | CN¥80.03 Million |
| 2012 | 6.93% | 5.14% | 0.79x | 1.72x | CN¥-37.03 Million |
| 2013 | 12.42% | 5.55% | 1.00x | 2.24x | CN¥31.91 Million |
| 2014 | 8.26% | 4.87% | 0.89x | 1.91x | CN¥-34.79 Million |
| 2015 | 4.98% | 3.37% | 0.71x | 2.08x | CN¥-102.24 Million |
| 2016 | 2.18% | 1.95% | 0.57x | 1.96x | CN¥-224.35 Million |
| 2017 | 5.43% | 4.08% | 0.63x | 2.12x | CN¥-136.93 Million |
| 2018 | 6.98% | 4.67% | 0.69x | 2.16x | CN¥-92.70 Million |
| 2019 | 9.34% | 5.20% | 0.76x | 2.35x | CN¥-21.70 Million |
| 2020 | 7.65% | 6.31% | 0.62x | 1.97x | CN¥-124.22 Million |
| 2021 | 8.58% | 5.63% | 0.61x | 2.49x | CN¥-79.41 Million |
| 2022 | 9.45% | 5.51% | 0.66x | 2.58x | CN¥-32.52 Million |
| 2023 | 11.07% | 6.17% | 0.71x | 2.51x | CN¥69.00 Million |
| 2024 | 13.83% | 6.58% | 0.69x | 3.03x | CN¥248.42 Million |
Industry Comparison
This section compares Guangdong HongDa Blasting Co Ltd's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $1,775,158,628
- Average return on equity (ROE) among peers: -19.15%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong HongDa Blasting Co Ltd (002683) | CN¥14.62 Billion | 4.69% | 1.16x | $2.52 Billion |
| Chongqing Sanxia Paints Co Ltd (000565) | $390.80 Million | 1.64% | 0.47x | $289.82 Million |
| Hengyi Petrochemical Co Ltd (000703) | $246.42 Million | -7.64% | 1.62x | $1.44 Billion |
| Guangdong Xinhui Meida Nylon Co Ltd (000782) | $472.56 Million | 10.49% | 1.13x | $361.89 Million |
| Luxi Chemical Group Co Ltd (000830) | $120.60 Million | 41.32% | 1.30x | $2.28 Billion |
| China Minmetals Rare Earth Co Ltd (000831) | $234.51 Million | -303.65% | 8.65x | $5.40 Billion |
| Anhui Guofeng Plastic Industry Co Ltd (000859) | $2.70 Billion | 10.47% | 0.21x | $884.45 Million |
| Cofco Biochemical Anhui Co Ltd (000930) | $11.76 Billion | 9.61% | 0.54x | $815.97 Million |
| Shandong Link Science and Technology Co Ltd (001207) | $441.43 Million | 14.99% | 1.14x | $330.19 Million |
| Zhejiang Bofay Elec Co Ltd (001255) | $742.80 Million | 1.78% | 0.61x | $169.49 Million |
| Guangdong Decro Film New (001378) | $647.89 Million | 29.53% | 0.22x | $241.78 Million |