Wuxi Honghui New Materials Technology Co Ltd (002802) - Net Assets
Based on the latest financial reports, Wuxi Honghui New Materials Technology Co Ltd (002802) has net assets worth CN¥632.87 Million CNY (≈ $92.61 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¥681.00 Million ≈ $99.65 Million USD) and total liabilities (CN¥48.13 Million ≈ $7.04 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 asset resilience ratio of Wuxi Honghui New Materials Technology Co to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥632.87 Million |
| % of Total Assets | 92.93% |
| Annual Growth Rate | 12.91% |
| 5-Year Change | 7.51% |
| 10-Year Change | 122.55% |
| Growth Volatility | 26.43 |
Wuxi Honghui New Materials Technology Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Wuxi Honghui New Materials Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002802 total assets for the complete picture of this company's asset base.
Annual Net Assets for Wuxi Honghui New Materials Technology Co Ltd (2011–2024)
The table below shows the annual net assets of Wuxi Honghui New Materials Technology Co Ltd from 2011 to 2024. For live valuation and market cap data, see 002802 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥626.03 Million ≈ $91.61 Million |
-5.95% |
| 2023-12-31 | CN¥665.64 Million ≈ $97.40 Million |
-3.57% |
| 2022-12-31 | CN¥690.26 Million ≈ $101.01 Million |
+11.23% |
| 2021-12-31 | CN¥620.55 Million ≈ $90.81 Million |
+6.56% |
| 2020-12-31 | CN¥582.32 Million ≈ $85.21 Million |
+2.76% |
| 2019-12-31 | CN¥566.66 Million ≈ $82.92 Million |
-7.57% |
| 2018-12-31 | CN¥613.05 Million ≈ $89.71 Million |
+1.33% |
| 2017-12-31 | CN¥605.03 Million ≈ $88.54 Million |
+10.45% |
| 2016-12-31 | CN¥547.79 Million ≈ $80.16 Million |
+94.73% |
| 2015-12-31 | CN¥281.30 Million ≈ $41.16 Million |
+19.23% |
| 2014-12-31 | CN¥235.93 Million ≈ $34.52 Million |
+15.06% |
| 2013-12-31 | CN¥205.05 Million ≈ $30.00 Million |
+9.13% |
| 2012-12-31 | CN¥187.89 Million ≈ $27.49 Million |
+45.57% |
| 2011-12-31 | CN¥129.07 Million ≈ $18.89 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wuxi Honghui New Materials 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 1557.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥245.12 Million | 39.15% |
| Common Stock | CN¥182.30 Million | 29.12% |
| Other Comprehensive Income | CN¥1.24 Million | 0.20% |
| Other Components | CN¥197.37 Million | 31.53% |
| Total Equity | CN¥626.03 Million | 100.00% |
Wuxi Honghui New Materials Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Wuxi Honghui New Materials Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
IGB Commercial Real Estate Investment Trust Unit
KLSE:5299
|
$370.81 Million |
|
Chatham Lodging Trust REIT
NYSE:CLDT
|
$370.84 Million |
|
Fujian Nanwang Environment Protection Scien-Tech Co. Ltd. A
SHE:301355
|
$370.85 Million |
|
Sinomach General Machinery Science Technology Co Ltd
SHG:600444
|
$370.89 Million |
|
Cuckoo Homesys Co Ltd
KO:284740
|
$370.77 Million |
|
Synopex Inc
KQ:025320
|
$370.76 Million |
|
Anhui Sentai WPC Group Share Co. Ltd.
SHE:301429
|
$370.72 Million |
|
Sonmez Pamuklu Sanayii AS
IS:SNPAM
|
$370.58 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wuxi Honghui New Materials Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 665,644,408 to 626,032,856, a change of -39,611,552 (-6.0%).
- Net income of 59,240,089 contributed positively to equity growth.
- Dividend payments of 66,167,134 reduced retained earnings.
- Share repurchases of 32,918,322 reduced equity.
- Other comprehensive income decreased equity by 1,018,900.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥59.24 Million | +9.46% |
| Dividends Paid | CN¥66.17 Million | -10.57% |
| Share Repurchases | CN¥32.92 Million | -5.26% |
| Other Comprehensive Income | CN¥-1.02 Million | -0.16% |
| Other Changes | CN¥1.25 Million | +0.2% |
| Total Change | CN¥- | -5.95% |
Book Value vs Market Value Analysis
This analysis compares Wuxi Honghui New Materials 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: 3.99x
- 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 14.64x to 3.99x 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¥0.95 | CN¥13.90 | x |
| 2012-12-31 | CN¥1.38 | CN¥13.90 | x |
| 2013-12-31 | CN¥1.49 | CN¥13.90 | x |
| 2014-12-31 | CN¥1.72 | CN¥13.90 | x |
| 2015-12-31 | CN¥2.05 | CN¥13.90 | x |
| 2016-12-31 | CN¥3.43 | CN¥13.90 | x |
| 2017-12-31 | CN¥3.31 | CN¥13.90 | x |
| 2018-12-31 | CN¥3.36 | CN¥13.90 | x |
| 2019-12-31 | CN¥3.11 | CN¥13.90 | x |
| 2020-12-31 | CN¥3.26 | CN¥13.90 | x |
| 2021-12-31 | CN¥3.44 | CN¥13.90 | x |
| 2022-12-31 | CN¥3.84 | CN¥13.90 | x |
| 2023-12-31 | CN¥3.66 | CN¥13.90 | x |
| 2024-12-31 | CN¥3.49 | CN¥13.90 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wuxi Honghui New Materials 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): 9.46%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.01%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.10x
- Recent ROE (9.46%) is below the historical average (16.38%), 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 | 40.52% | 16.43% | 1.56x | 1.58x | CN¥39.39 Million |
| 2012 | 31.30% | 18.93% | 1.15x | 1.44x | CN¥40.03 Million |
| 2013 | 20.22% | 14.26% | 1.06x | 1.34x | CN¥20.95 Million |
| 2014 | 13.09% | 10.11% | 1.03x | 1.25x | CN¥7.29 Million |
| 2015 | 16.13% | 15.51% | 0.85x | 1.23x | CN¥17.24 Million |
| 2016 | 9.61% | 16.72% | 0.55x | 1.05x | CN¥-2.16 Million |
| 2017 | 11.92% | 18.56% | 0.59x | 1.08x | CN¥11.61 Million |
| 2018 | 11.97% | 14.16% | 0.76x | 1.11x | CN¥12.10 Million |
| 2019 | 15.58% | 16.41% | 0.87x | 1.09x | CN¥31.62 Million |
| 2020 | 15.78% | 16.87% | 0.79x | 1.18x | CN¥33.67 Million |
| 2021 | 13.85% | 11.47% | 1.00x | 1.20x | CN¥23.88 Million |
| 2022 | 12.25% | 16.37% | 0.69x | 1.08x | CN¥15.53 Million |
| 2023 | 7.64% | 13.65% | 0.52x | 1.08x | CN¥-15.68 Million |
| 2024 | 9.46% | 13.01% | 0.66x | 1.10x | CN¥-3.36 Million |
Industry Comparison
This section compares Wuxi Honghui New Materials Technology Co Ltd's net assets metrics with peer companies in the Chemicals industry.
Industry Context
- Industry: Chemicals
- Average net assets among peers: $2,526,275,526
- Average return on equity (ROE) among peers: 14.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wuxi Honghui New Materials Technology Co Ltd (002802) | CN¥632.87 Million | 40.52% | 0.08x | $370.80 Million |
| North Huajin Chemical Industries Co Ltd (000059) | $12.66 Billion | 14.57% | 1.45x | $1.33 Billion |
| Sichuan Chemical Co Ltd (000155) | $7.35 Billion | 4.73% | 1.50x | $4.71 Billion |
| Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) | $246.65 Million | 3.47% | 1.71x | $12.84 Billion |
| Zangge Holding Co Ltd (000408) | $477.67 Million | 1.53% | 1.45x | $20.51 Billion |
| Sichuan Jinlu Group Co Ltd (000510) | $1.17 Billion | 5.97% | 1.33x | $1.34 Billion |
| Jilin Gpro Titanium Industry Co Ltd (000545) | $313.50 Million | 0.80% | 0.55x | $436.10 Million |
| Aoyuan Beauty Valley Technology Co Ltd (000615) | $54.68 Million | 39.27% | 1.16x | $871.02 Million |
| Ningxia Younglight Chemicals Co Ltd (000635) | $2.67 Billion | 1.91% | 0.16x | $470.62 Million |
| Maoming Petro-Chemical Shihua Co Ltd (000637) | $220.98 Million | 19.06% | 0.40x | $366.68 Million |
| Inner Mongolia Yuan Xing Energy Co Ltd (000683) | $93.73 Million | 50.32% | 1.49x | $4.87 Billion |
About Wuxi Honghui New Materials Technology Co Ltd
Wuxi Honghui New Materials Technology Co., Ltd. engages in the research and development, production, and sales of vinyl chloride-vinyl acetate copolymer resin and vinyl chloride copolymer emulsion products in China. The company provides vinyl binary copolymer resin, carboxyl-containing vinyl ternary copolymer resin, hydroxyl-containing vinyl ternary copolymer resin, vinyl chloride copolymer emuls… Read more