Hangzhou Innover Technology Co Ltd
Hangzhou Innover Technology Co., Ltd. engages in the research, development, production, and sale of urban gas equipment and smart gas solutions in China and internationally. The company offers smart gas meter control devices, including IC card, wireless remote transmission, and industrial and commercial smart gas meters; and smart gas terminal products, such as ultrasonic and diaphragm gas meters… Read more
Hangzhou Innover Technology Co Ltd (002767) - Net Assets
Latest net assets as of September 2025: CN¥857.51 Million CNY
Based on the latest financial reports, Hangzhou Innover Technology Co Ltd (002767) has net assets worth CN¥857.51 Million 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¥1.24 Billion) and total liabilities (CN¥387.10 Million). 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¥857.51 Million |
| % of Total Assets | 68.9% |
| Annual Growth Rate | 11.34% |
| 5-Year Change | 11.39% |
| 10-Year Change | 36.57% |
| Growth Volatility | 28.27 |
Hangzhou Innover Technology Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Hangzhou Innover Technology 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 Hangzhou Innover Technology Co Ltd (2011–2024)
The table below shows the annual net assets of Hangzhou Innover Technology Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥840.50 Million | +3.05% |
| 2023-12-31 | CN¥815.64 Million | +0.82% |
| 2022-12-31 | CN¥808.99 Million | +4.40% |
| 2021-12-31 | CN¥774.88 Million | +2.69% |
| 2020-12-31 | CN¥754.56 Million | +2.02% |
| 2019-12-31 | CN¥739.66 Million | +3.47% |
| 2018-12-31 | CN¥714.82 Million | +2.84% |
| 2017-12-31 | CN¥695.09 Million | +4.35% |
| 2016-12-31 | CN¥666.09 Million | +8.23% |
| 2015-12-31 | CN¥615.42 Million | +110.59% |
| 2014-12-31 | CN¥292.23 Million | +10.02% |
| 2013-12-31 | CN¥265.61 Million | +16.52% |
| 2012-12-31 | CN¥227.95 Million | +9.58% |
| 2011-12-31 | CN¥208.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Innover 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 grown by 324.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥335.65 Million | 40.20% |
| Common Stock | CN¥150.00 Million | 17.96% |
| Other Comprehensive Income | CN¥63.73 Million | 7.63% |
| Other Components | CN¥285.58 Million | 34.20% |
| Total Equity | CN¥834.96 Million | 100.00% |
Hangzhou Innover Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Hangzhou Innover Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MegaStudyEdu Co. Ltd
KQ:215200
|
$181.69 Million |
|
PT Sampoerna Agro Tbk
F:SZ31
|
$181.71 Million |
|
Rongsheng Paper
SHG:603165
|
$181.75 Million |
|
Caribou Biosciences Inc
NASDAQ:CRBU
|
$181.77 Million |
|
WinMate Communication INC
TW:3416
|
$181.68 Million |
|
Shanghai Orient-Chip Technology Co. Ltd. A
SHG:688061
|
$181.66 Million |
|
Taiwan Microloops Corp.
TW:6831
|
$181.64 Million |
|
Taskus Inc
NASDAQ:TASK
|
$181.63 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Innover Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 810,893,054 to 834,960,188, a change of 24,067,134 (3.0%).
- Net income of 26,474,168 contributed positively to equity growth.
- Dividend payments of 2,404,400 reduced retained earnings.
- Other comprehensive income increased equity by 61,985,685.
- Other factors decreased equity by 61,988,319.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥26.47 Million | +3.17% |
| Dividends Paid | CN¥2.40 Million | -0.29% |
| Other Comprehensive Income | CN¥61.99 Million | +7.42% |
| Other Changes | CN¥-61.99 Million | -7.42% |
| Total Change | CN¥- | 2.97% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Innover 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: 3.90x
- 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 11.90x to 3.90x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.86 | CN¥22.13 | x |
| 2012-12-31 | CN¥2.04 | CN¥22.13 | x |
| 2013-12-31 | CN¥2.36 | CN¥22.13 | x |
| 2014-12-31 | CN¥2.60 | CN¥22.13 | x |
| 2015-12-31 | CN¥4.44 | CN¥22.13 | x |
| 2016-12-31 | CN¥4.41 | CN¥22.13 | x |
| 2017-12-31 | CN¥4.69 | CN¥22.13 | x |
| 2018-12-31 | CN¥4.71 | CN¥22.13 | x |
| 2019-12-31 | CN¥4.92 | CN¥22.13 | x |
| 2020-12-31 | CN¥5.02 | CN¥22.13 | x |
| 2021-12-31 | CN¥5.15 | CN¥22.13 | x |
| 2022-12-31 | CN¥5.35 | CN¥22.13 | x |
| 2023-12-31 | CN¥5.32 | CN¥22.13 | x |
| 2024-12-31 | CN¥5.68 | CN¥22.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Innover 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): 3.17%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.27%
- • Asset Turnover: 0.53x
- • Equity Multiplier: 1.41x
- Recent ROE (3.17%) is below the historical average (10.30%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 27.25% | 24.09% | 0.79x | 1.44x | CN¥35.88 Million |
| 2012 | 26.51% | 22.62% | 0.84x | 1.39x | CN¥37.63 Million |
| 2013 | 24.34% | 21.59% | 0.83x | 1.36x | CN¥38.10 Million |
| 2014 | 22.80% | 21.72% | 0.79x | 1.34x | CN¥37.40 Million |
| 2015 | 8.55% | 18.08% | 0.40x | 1.18x | CN¥-8.90 Million |
| 2016 | 6.80% | 15.47% | 0.38x | 1.16x | CN¥-21.30 Million |
| 2017 | 6.60% | 14.82% | 0.38x | 1.17x | CN¥-23.61 Million |
| 2018 | 3.61% | 8.93% | 0.35x | 1.17x | CN¥-45.66 Million |
| 2019 | 3.73% | 8.66% | 0.36x | 1.21x | CN¥-46.25 Million |
| 2020 | 2.78% | 5.90% | 0.35x | 1.33x | CN¥-54.42 Million |
| 2021 | 3.01% | 4.89% | 0.47x | 1.32x | CN¥-53.98 Million |
| 2022 | 4.17% | 5.94% | 0.52x | 1.35x | CN¥-46.76 Million |
| 2023 | 0.94% | 1.22% | 0.56x | 1.37x | CN¥-73.47 Million |
| 2024 | 3.17% | 4.27% | 0.53x | 1.41x | CN¥-57.02 Million |
Industry Comparison
This section compares Hangzhou Innover Technology Co Ltd's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $2,054,042,065
- Average return on equity (ROE) among peers: 10.24%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Innover Technology Co Ltd (002767) | CN¥857.51 Million | 27.25% | 0.45x | $181.69 Million |
| Beijing BDStar Navigation Co Ltd (002151) | $4.48 Billion | 1.15% | 0.26x | $2.26 Billion |
| Oriental Times Media Corp (002175) | $578.16 Million | 7.60% | 0.24x | $500.93 Million |
| Changchun UP Optotech Co Ltd (002338) | $636.42 Million | 8.42% | 0.22x | $867.41 Million |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $200.70 Million | 25.18% | 0.59x | $563.18 Million |
| Jiangsu Changfa Refrigeration Co Ltd (002413) | $156.57 Million | 19.34% | 3.25x | $2.17 Billion |
| Wuhan Guide Infrared Co Ltd (002414) | $7.12 Billion | 7.05% | 0.25x | $2.87 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $2.27 Billion | 9.21% | 0.16x | $381.03 Million |
| Beijing SDL Technology Co Ltd (002658) | $2.23 Billion | 6.74% | 0.45x | $332.56 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $806.87 Million | 7.44% | 0.44x | $390.32 Million |