Hangzhou Star Shuaier Electric Appliance Co Ltd (002860) - Net Assets
Based on the latest financial reports, Hangzhou Star Shuaier Electric Appliance Co Ltd (002860) has net assets worth CN¥2.35 Billion CNY (≈ $343.63 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.86 Billion ≈ $565.24 Million USD) and total liabilities (CN¥1.51 Billion ≈ $221.62 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. Also explore 002860 net assets growth trend to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.35 Billion |
| % of Total Assets | 60.79% |
| Annual Growth Rate | 23.16% |
| 5-Year Change | 84.05% |
| 10-Year Change | 581.51% |
| Growth Volatility | 24.08 |
Hangzhou Star Shuaier Electric Appliance Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Hangzhou Star Shuaier Electric Appliance Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 002860 PP&E to net assets ratio to assess the company's strategic physical and investment asset allocation.
Annual Net Assets for Hangzhou Star Shuaier Electric Appliance Co Ltd (2012–2025)
The table below shows the annual net assets of Hangzhou Star Shuaier Electric Appliance Co Ltd from 2012 to 2025. For live market cap and overall valuation, see Hangzhou Star Shuaier Electric Appliance stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.29 Billion ≈ $335.26 Million |
+22.85% |
| 2024-12-31 | CN¥1.86 Billion ≈ $272.91 Million |
+8.07% |
| 2023-12-31 | CN¥1.73 Billion ≈ $252.53 Million |
+21.81% |
| 2022-12-31 | CN¥1.42 Billion ≈ $207.30 Million |
+13.80% |
| 2021-12-31 | CN¥1.24 Billion ≈ $182.16 Million |
+18.87% |
| 2020-12-31 | CN¥1.05 Billion ≈ $153.24 Million |
-5.42% |
| 2019-12-31 | CN¥1.11 Billion ≈ $162.02 Million |
+49.35% |
| 2018-12-31 | CN¥741.35 Million ≈ $108.48 Million |
+11.55% |
| 2017-12-31 | CN¥664.58 Million ≈ $97.25 Million |
+97.69% |
| 2016-12-31 | CN¥336.18 Million ≈ $49.19 Million |
+19.78% |
| 2015-12-31 | CN¥280.68 Million ≈ $41.07 Million |
+17.40% |
| 2014-12-31 | CN¥239.08 Million ≈ $34.99 Million |
+23.59% |
| 2013-12-31 | CN¥193.45 Million ≈ $28.31 Million |
+26.62% |
| 2012-12-31 | CN¥152.78 Million ≈ $22.36 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Star Shuaier Electric Appliance 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 1915.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.07 Billion | 46.70% |
| Other Components | CN¥1.22 Billion | 53.30% |
| Total Equity | CN¥2.29 Billion | 100.00% |
Hangzhou Star Shuaier Electric Appliance Co Ltd Competitors by Market Cap
The table below lists competitors of Hangzhou Star Shuaier Electric Appliance Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Xinjiang Qingsong Building Materials and Chemicals Group Co Ltd
SHG:600425
|
$852.39 Million |
|
Storytel AB (publ)
ST:STORY-B
|
$852.89 Million |
|
Unilumin Group Co Ltd
SHE:300232
|
$852.92 Million |
|
Guangdong LingXiao Pump Industry Co Ltd
SHE:002884
|
$853.15 Million |
|
Clevo Co
TW:2362
|
$852.24 Million |
|
Farmers National Banc Corp
NASDAQ:FMNB
|
$852.10 Million |
|
Shenzhen New Nanshan Holding Group Co Ltd
SHE:002314
|
$851.90 Million |
|
EcoRodovias Infraestrutura e Logística S.A
SA:ECOR3
|
$851.72 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Star Shuaier Electric Appliance Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,824,569,000 to 2,291,089,468, a change of 466,520,468 (25.6%).
- Net income of 199,530,152 contributed positively to equity growth.
- Dividend payments of 38,606,032 reduced retained earnings.
- Other factors increased equity by 305,596,348.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥199.53 Million | +8.71% |
| Dividends Paid | CN¥38.61 Million | -1.69% |
| Other Changes | CN¥305.60 Million | +13.34% |
| Total Change | CN¥- | 25.57% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Star Shuaier Electric Appliance 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: 2.60x
- 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 21.40x to 2.60x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.77 | CN¥16.54 | x |
| 2013-12-31 | CN¥0.85 | CN¥16.54 | x |
| 2014-12-31 | CN¥1.07 | CN¥16.54 | x |
| 2015-12-31 | CN¥1.31 | CN¥16.54 | x |
| 2016-12-31 | CN¥1.55 | CN¥16.54 | x |
| 2017-12-31 | CN¥2.34 | CN¥16.54 | x |
| 2018-12-31 | CN¥2.63 | CN¥16.54 | x |
| 2019-12-31 | CN¥3.09 | CN¥16.54 | x |
| 2020-12-31 | CN¥3.77 | CN¥16.54 | x |
| 2021-12-31 | CN¥4.24 | CN¥16.54 | x |
| 2022-12-31 | CN¥4.62 | CN¥16.54 | x |
| 2023-12-31 | CN¥5.50 | CN¥16.54 | x |
| 2024-12-31 | CN¥5.97 | CN¥16.54 | x |
| 2025-12-31 | CN¥6.37 | CN¥16.54 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Star Shuaier Electric Appliance 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): 8.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.26%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 1.60x
- Recent ROE (8.71%) is below the historical average (14.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 15.94% | 16.26% | 0.75x | 1.31x | CN¥9.08 Million |
| 2013 | 21.04% | 16.60% | 0.68x | 1.86x | CN¥18.90 Million |
| 2014 | 25.20% | 19.92% | 0.82x | 1.54x | CN¥32.53 Million |
| 2015 | 20.80% | 23.05% | 0.67x | 1.36x | CN¥30.32 Million |
| 2016 | 21.93% | 25.04% | 0.70x | 1.25x | CN¥40.12 Million |
| 2017 | 14.07% | 25.20% | 0.44x | 1.28x | CN¥25.84 Million |
| 2018 | 13.43% | 23.32% | 0.46x | 1.26x | CN¥24.37 Million |
| 2019 | 15.66% | 18.55% | 0.52x | 1.63x | CN¥47.47 Million |
| 2020 | 10.43% | 11.64% | 0.56x | 1.61x | CN¥4.48 Million |
| 2021 | 11.78% | 10.51% | 0.72x | 1.56x | CN¥21.77 Million |
| 2022 | 8.65% | 6.11% | 0.78x | 1.81x | CN¥-18.52 Million |
| 2023 | 11.99% | 7.03% | 0.85x | 2.01x | CN¥33.62 Million |
| 2024 | 7.88% | 6.92% | 0.59x | 1.94x | CN¥-38.76 Million |
| 2025 | 8.71% | 9.26% | 0.59x | 1.60x | CN¥-29.58 Million |
Industry Comparison
This section compares Hangzhou Star Shuaier Electric Appliance 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: $2,040,430,206
- Average return on equity (ROE) among peers: 13.66%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Star Shuaier Electric Appliance Co Ltd (002860) | CN¥2.35 Billion | 15.94% | 0.64x | $852.30 Million |
| XJ Electric Co Ltd (000400) | $1.30 Billion | 15.00% | 0.40x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $1.02 Billion | 16.86% | 0.74x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $8.60 Billion | 2.68% | 0.78x | $897.87 Million |
| Dongfang Electronics Co Ltd (000682) | $3.80 Billion | 7.43% | 0.81x | $2.40 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $2.27 Billion | 47.35% | 1.31x | $678.48 Million |
| Huagong Tech Co Ltd (000988) | $141.93 Million | 21.53% | 0.30x | $15.26 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $476.40 Million | 11.31% | 1.40x | $1.47 Billion |
| Sieyuan Electric Co Ltd (002028) | $2.25 Billion | 15.36% | 0.34x | $18.94 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $173.24 Million | -9.95% | 0.83x | $363.98 Million |
| Gotion High tech Co Ltd (002074) | $363.89 Million | 9.00% | 0.79x | $7.47 Billion |
About Hangzhou Star Shuaier Electric Appliance Co Ltd
Hangzhou Star Shuaier Electric Appliance Co., Ltd. engages in the research and development, production, and sale of thermal protectors, starters, sealing terminals in China and internationally. The company offers products for refrigeration compressors, household appliances, small, medium and micro motor products, and solar photovoltaic modules. Hangzhou Star Shuaier Electric Appliance Co., Ltd. w… Read more