Hainan Drinda Automotive Trim Co Ltd (002865) - Net Assets
Based on the latest financial reports, Hainan Drinda Automotive Trim Co Ltd (002865) has net assets worth CN¥3.66 Billion CNY (≈ $535.55 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥16.40 Billion ≈ $2.40 Billion USD) and total liabilities (CN¥12.74 Billion ≈ $1.86 Billion 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 Hainan Drinda Automotive Trim Co Ltd (002865) asset resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.66 Billion |
| % of Total Assets | 22.31% |
| Annual Growth Rate | 22.17% |
| 5-Year Change | 128.13% |
| 10-Year Change | 553.79% |
| Growth Volatility | 90.15 |
Hainan Drinda Automotive Trim Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Hainan Drinda Automotive Trim Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Hainan Drinda Automotive Trim Co Ltd (002865) total assets for the complete picture of this company's asset base.
Annual Net Assets for Hainan Drinda Automotive Trim Co Ltd (2011–2025)
The table below shows the annual net assets of Hainan Drinda Automotive Trim Co Ltd from 2011 to 2025. For live valuation and market cap data, see 002865 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.66 Billion ≈ $535.55 Million |
-5.84% |
| 2024-12-31 | CN¥3.89 Billion ≈ $568.79 Million |
-17.46% |
| 2023-12-31 | CN¥4.71 Billion ≈ $689.11 Million |
+348.14% |
| 2022-12-31 | CN¥1.05 Billion ≈ $153.77 Million |
-34.50% |
| 2021-12-31 | CN¥1.60 Billion ≈ $234.76 Million |
+53.10% |
| 2020-12-31 | CN¥1.05 Billion ≈ $153.33 Million |
+13.92% |
| 2019-12-31 | CN¥919.78 Million ≈ $134.59 Million |
-0.07% |
| 2018-12-31 | CN¥920.45 Million ≈ $134.69 Million |
+8.94% |
| 2017-12-31 | CN¥844.91 Million ≈ $123.64 Million |
+50.94% |
| 2016-12-31 | CN¥559.78 Million ≈ $81.91 Million |
+11.12% |
| 2015-12-31 | CN¥503.78 Million ≈ $73.72 Million |
+10.07% |
| 2014-12-31 | CN¥457.69 Million ≈ $66.98 Million |
+8.33% |
| 2013-12-31 | CN¥422.52 Million ≈ $61.83 Million |
+12.11% |
| 2012-12-31 | CN¥376.87 Million ≈ $55.15 Million |
+70.02% |
| 2011-12-31 | CN¥221.67 Million ≈ $32.44 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Hainan Drinda Automotive Trim 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 decreased by 1000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥4.36 Billion | 119.18% |
| Total Equity | CN¥3.66 Billion | 100.00% |
Hainan Drinda Automotive Trim Co Ltd Competitors by Market Cap
The table below lists competitors of Hainan Drinda Automotive Trim Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chicony Electronics Co Ltd
TW:2385
|
$2.71 Billion |
|
Peptron Inc
KQ:087010
|
$2.71 Billion |
|
Shanghai Huafon Aluminium Corp
SHG:601702
|
$2.71 Billion |
|
Gaon Cable
KO:000500
|
$2.71 Billion |
|
Fortior Technology (Shenzhen) Co. Ltd. A
SHG:688279
|
$2.70 Billion |
|
LuxNet
TWO:4979
|
$2.70 Billion |
|
Suzhou UIGreen Micro & Nano Technologies Co. Ltd. A
SHG:688661
|
$2.70 Billion |
|
Topgolf Callaway Brands Corp.
NYSE:MODG
|
$2.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hainan Drinda Automotive Trim Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,886,998,305 to 3,659,829,053, a change of -227,169,252 (-5.8%).
- Net loss of 1,415,788,333 reduced equity.
- Dividend payments of 259,496,459 reduced retained earnings.
- Other comprehensive income decreased equity by 40,567,758.
- Other factors increased equity by 1,488,683,298.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-1.42 Billion | -38.68% |
| Dividends Paid | CN¥259.50 Million | -7.09% |
| Other Comprehensive Income | CN¥-40.57 Million | -1.11% |
| Other Changes | CN¥1.49 Billion | +40.68% |
| Total Change | CN¥- | -5.84% |
Book Value vs Market Value Analysis
This analysis compares Hainan Drinda Automotive Trim 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: 6.45x
- 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 45.99x to 6.45x 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¥1.75 | CN¥80.65 | x |
| 2012-12-31 | CN¥2.82 | CN¥80.65 | x |
| 2013-12-31 | CN¥3.17 | CN¥80.65 | x |
| 2014-12-31 | CN¥3.64 | CN¥80.65 | x |
| 2015-12-31 | CN¥4.00 | CN¥80.65 | x |
| 2016-12-31 | CN¥4.45 | CN¥80.65 | x |
| 2017-12-31 | CN¥5.47 | CN¥80.65 | x |
| 2018-12-31 | CN¥5.51 | CN¥80.65 | x |
| 2019-12-31 | CN¥5.34 | CN¥80.65 | x |
| 2020-12-31 | CN¥6.09 | CN¥80.65 | x |
| 2021-12-31 | CN¥5.42 | CN¥80.65 | x |
| 2022-12-31 | CN¥5.23 | CN¥80.65 | x |
| 2023-12-31 | CN¥21.65 | CN¥80.65 | x |
| 2024-12-31 | CN¥17.10 | CN¥80.65 | x |
| 2025-12-31 | CN¥12.51 | CN¥80.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hainan Drinda Automotive Trim 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): -38.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.56%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 4.48x
- Recent ROE (-38.68%) is below the historical average (8.41%), 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 | 33.85% | 12.17% | 1.06x | 2.62x | CN¥52.67 Million |
| 2012 | 17.77% | 10.64% | 0.86x | 1.94x | CN¥27.74 Million |
| 2013 | 13.56% | 7.54% | 0.73x | 2.47x | CN¥14.27 Million |
| 2014 | 12.28% | 6.83% | 0.71x | 2.52x | CN¥10.44 Million |
| 2015 | 9.15% | 6.02% | 0.67x | 2.26x | CN¥-4.29 Million |
| 2016 | 9.96% | 6.04% | 0.65x | 2.55x | CN¥-199.70K |
| 2017 | 7.98% | 5.85% | 0.67x | 2.03x | CN¥-17.05 Million |
| 2018 | 4.54% | 4.64% | 0.46x | 2.11x | CN¥-50.21 Million |
| 2019 | 1.87% | 2.08% | 0.45x | 2.00x | CN¥-74.75 Million |
| 2020 | 1.29% | 1.58% | 0.46x | 1.77x | CN¥-91.24 Million |
| 2021 | -17.83% | -6.24% | 0.48x | 6.00x | CN¥-278.82 Million |
| 2022 | 68.23% | 6.18% | 1.27x | 8.66x | CN¥611.86 Million |
| 2023 | 17.32% | 4.37% | 1.01x | 3.90x | CN¥344.72 Million |
| 2024 | -15.21% | -5.94% | 0.60x | 4.23x | CN¥-979.81 Million |
| 2025 | -38.68% | -18.56% | 0.47x | 4.48x | CN¥-1.78 Billion |
Industry Comparison
This section compares Hainan Drinda Automotive Trim Co Ltd's net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $3,166,008,347
- Average return on equity (ROE) among peers: -12.23%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hainan Drinda Automotive Trim Co Ltd (002865) | CN¥3.66 Billion | 33.85% | 3.48x | $2.70 Billion |
| Shenzhen Topraysolar Co Ltd (002218) | $2.83 Billion | 5.76% | 1.03x | $1.13 Billion |
| JA Solar Technology Co Ltd (002459) | $517.20 Million | -82.98% | 2.14x | $5.26 Billion |
| GCL System Integration Technology Co Ltd (002506) | $4.32 Billion | -61.14% | 2.22x | $3.62 Billion |
| Changzhou Almaden Co Ltd (002623) | $3.27 Billion | 2.55% | 0.61x | $617.25 Million |
| Henan Yicheng New Energy Co Ltd (300080) | $1.91 Billion | 1.43% | 0.45x | $1.23 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $873.43 Million | 0.53% | 0.86x | $697.90 Million |
| Risen Energy (300118) | $9.37 Billion | 10.39% | 1.73x | $2.96 Billion |
| Lingda Group Co Ltd (300125) | $771.02 Million | 4.76% | 0.63x | $956.81 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $4.63 Billion | 8.67% | 2.67x | $1.61 Billion |
About Hainan Drinda Automotive Trim Co Ltd
Hainan Drinda New Energy Technology Co., Ltd. designs, researches, develops, produces, and markets photovoltaic cells. It engages in generation of N-type TOPCon solar cells. The company was formerly known as Hainan Drinda Automotive Trim Co., Ltd and changed its name to Hainan Drinda New Energy Technology Co., Ltd. in September 2022. Hainan Drinda New Energy Technology Co., Ltd. was founded in 20… Read more