Suzhou Hengmingda Electronic Technology Co Ltd (002947) - Net Assets
Based on the latest financial reports, Suzhou Hengmingda Electronic Technology Co Ltd (002947) has net assets worth CN¥3.26 Billion CNY (≈ $476.37 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.37 Billion ≈ $639.54 Million USD) and total liabilities (CN¥1.12 Billion ≈ $163.16 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 Suzhou Hengmingda Electronic Technology PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.26 Billion |
| % of Total Assets | 74.49% |
| Annual Growth Rate | 27.94% |
| 5-Year Change | 82.27% |
| 10-Year Change | 1637.19% |
| Growth Volatility | 47.19 |
Suzhou Hengmingda Electronic Technology Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Suzhou Hengmingda Electronic Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Suzhou Hengmingda Electronic Technology (002947) market capitalisation.
Annual Net Assets for Suzhou Hengmingda Electronic Technology Co Ltd (2014–2025)
The table below shows the annual net assets of Suzhou Hengmingda Electronic Technology Co Ltd from 2014 to 2025. Also explore Suzhou Hengmingda Electronic Technology equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.14 Billion ≈ $459.50 Million |
-0.95% |
| 2024-12-31 | CN¥3.17 Billion ≈ $463.90 Million |
+50.71% |
| 2023-12-31 | CN¥2.10 Billion ≈ $307.80 Million |
+12.78% |
| 2022-12-31 | CN¥1.87 Billion ≈ $272.93 Million |
+8.27% |
| 2021-12-31 | CN¥1.72 Billion ≈ $252.09 Million |
+34.44% |
| 2020-12-31 | CN¥1.28 Billion ≈ $187.51 Million |
+5.32% |
| 2019-12-31 | CN¥1.22 Billion ≈ $178.04 Million |
+121.66% |
| 2018-12-31 | CN¥548.92 Million ≈ $80.32 Million |
+29.80% |
| 2017-12-31 | CN¥422.91 Million ≈ $61.89 Million |
+133.96% |
| 2016-12-31 | CN¥180.76 Million ≈ $26.45 Million |
-10.75% |
| 2015-12-31 | CN¥202.53 Million ≈ $29.64 Million |
-3.04% |
| 2014-12-31 | CN¥208.88 Million ≈ $30.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Suzhou Hengmingda Electronic 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 1039.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.40 Billion | 44.83% |
| Common Stock | CN¥256.21 Million | 8.22% |
| Other Comprehensive Income | CN¥-233.14 Million | -7.48% |
| Other Components | CN¥1.70 Billion | 54.43% |
| Total Equity | CN¥3.12 Billion | 100.00% |
Suzhou Hengmingda Electronic Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Suzhou Hengmingda Electronic Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Beite Technology Co
SHG:603009
|
$2.50 Billion |
|
CarGurus
NASDAQ:CARG
|
$2.50 Billion |
|
TAG Immobilien AG
F:TEG
|
$2.50 Billion |
|
First Busey Corp
NASDAQ:BUSE
|
$2.50 Billion |
|
Ningbo Zhenyu Technology Co. Ltd.
SHE:300953
|
$2.50 Billion |
|
China Suntien Green Energy Corp Ltd
SHG:600956
|
$2.50 Billion |
|
Bavarian Nordic
CO:BAVA
|
$2.50 Billion |
|
Structure Therapeutics Inc. American Depositary Shares
NASDAQ:GPCR
|
$2.50 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Suzhou Hengmingda Electronic Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,159,314,538 to 3,115,386,707, a change of -43,927,831 (-1.4%).
- Net income of 531,919,355 contributed positively to equity growth.
- Dividend payments of 149,927,545 reduced retained earnings.
- Share repurchases of 432,645,552 reduced equity.
- Other comprehensive income decreased equity by 234,940,312.
- Other factors increased equity by 241,666,223.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥531.92 Million | +17.07% |
| Dividends Paid | CN¥149.93 Million | -4.81% |
| Share Repurchases | CN¥432.65 Million | -13.89% |
| Other Comprehensive Income | CN¥-234.94 Million | -7.54% |
| Other Changes | CN¥241.67 Million | +7.76% |
| Total Change | CN¥- | -1.39% |
Book Value vs Market Value Analysis
This analysis compares Suzhou Hengmingda Electronic 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: 5.20x
- 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 41.09x to 5.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥1.62 | CN¥66.63 | x |
| 2015-12-31 | CN¥1.49 | CN¥66.63 | x |
| 2016-12-31 | CN¥1.34 | CN¥66.63 | x |
| 2017-12-31 | CN¥2.83 | CN¥66.63 | x |
| 2018-12-31 | CN¥3.56 | CN¥66.63 | x |
| 2019-12-31 | CN¥6.04 | CN¥66.63 | x |
| 2020-12-31 | CN¥6.13 | CN¥66.63 | x |
| 2021-12-31 | CN¥7.66 | CN¥66.63 | x |
| 2022-12-31 | CN¥8.05 | CN¥66.63 | x |
| 2023-12-31 | CN¥9.14 | CN¥66.63 | x |
| 2024-12-31 | CN¥13.21 | CN¥66.63 | x |
| 2025-12-31 | CN¥12.80 | CN¥66.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Suzhou Hengmingda Electronic 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): 17.07%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.72%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.44x
- Recent ROE (17.07%) is below the historical average (19.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 39.05% | 26.37% | 1.05x | 1.41x | CN¥60.32 Million |
| 2015 | 30.21% | 20.01% | 0.78x | 1.94x | CN¥40.93 Million |
| 2016 | 36.75% | 20.86% | 0.72x | 2.44x | CN¥48.35 Million |
| 2017 | 23.39% | 22.01% | 0.85x | 1.25x | CN¥56.64 Million |
| 2018 | 22.96% | 25.17% | 0.77x | 1.18x | CN¥71.12 Million |
| 2019 | 13.63% | 28.35% | 0.43x | 1.11x | CN¥44.15 Million |
| 2020 | 8.28% | 16.32% | 0.39x | 1.31x | CN¥-21.75 Million |
| 2021 | 1.83% | 2.77% | 0.51x | 1.28x | CN¥-139.80 Million |
| 2022 | 10.43% | 12.50% | 0.62x | 1.34x | CN¥8.06 Million |
| 2023 | 13.45% | 15.48% | 0.65x | 1.34x | CN¥72.24 Million |
| 2024 | 14.46% | 18.38% | 0.63x | 1.25x | CN¥140.92 Million |
| 2025 | 17.07% | 18.72% | 0.64x | 1.44x | CN¥220.38 Million |
Industry Comparison
This section compares Suzhou Hengmingda Electronic Technology Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $21,793,594,840
- Average return on equity (ROE) among peers: 5.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Suzhou Hengmingda Electronic Technology Co Ltd (002947) | CN¥3.26 Billion | 39.05% | 0.34x | $2.50 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $276.58 Million | -2.80% | 0.72x | $343.57 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $203.00 Million | 7.45% | 1.27x | $1.25 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.48 Billion | 6.33% | 0.88x | $475.80 Million |
| CPT Technology Group Co Ltd (000536) | $3.66 Billion | 10.45% | 1.63x | $1.42 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $2.23 Billion | 1.92% | 0.29x | $9.85 Billion |
| Xiamen Xindeco Ltd (000701) | $559.37 Million | 5.77% | 1.77x | $511.27 Million |
| BOE Technology Group Co Ltd (000725) | $204.55 Billion | 2.60% | 1.10x | $31.49 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $1.19 Billion | 5.98% | 0.43x | $3.32 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $1.20 Billion | 11.77% | 0.91x | $2.04 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $2.59 Billion | 10.09% | 0.44x | $4.93 Billion |
About Suzhou Hengmingda Electronic Technology Co Ltd
Suzhou Hengmingda Electronic Technology Co., Ltd. engages in the production and sales of precision flexible structural components and precision metal structural components in China and internationally. It offers paste and fix, shielding, insulating, buffer, heat dissipation, dustproof, and protection functional devices. The company also provides consumer electronic protection products, precision … Read more