Hitevision Co Ltd
Hitevision Co., Ltd. engages in the research, design, development, production, and sale of interactive display products in China and internationally. Its products primarily include interconnected intelligent interactive blackboards/smart interactive whiteboards, recording and broadcasting hosts, video display stands, teaching terminals, electronic class signs, interactive recording and broadcasti… Read more
Hitevision Co Ltd (002955) - Net Assets
Latest net assets as of September 2025: CN¥3.32 Billion CNY
Based on the latest financial reports, Hitevision Co Ltd (002955) has net assets worth CN¥3.32 Billion 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¥4.64 Billion) and total liabilities (CN¥1.33 Billion). 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¥3.32 Billion |
| % of Total Assets | 71.46% |
| Annual Growth Rate | 37.54% |
| 5-Year Change | 17.0% |
| 10-Year Change | N/A |
| Growth Volatility | 69.43 |
Hitevision Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Hitevision 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 Hitevision Co Ltd (2015–2024)
The table below shows the annual net assets of Hitevision Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.55 Billion | +2.97% |
| 2023-12-31 | CN¥3.45 Billion | -4.80% |
| 2022-12-31 | CN¥3.62 Billion | +14.55% |
| 2021-12-31 | CN¥3.16 Billion | +4.19% |
| 2020-12-31 | CN¥3.04 Billion | +3.31% |
| 2019-12-31 | CN¥2.94 Billion | +217.17% |
| 2018-12-31 | CN¥926.75 Million | +24.50% |
| 2017-12-31 | CN¥744.39 Million | +106.74% |
| 2016-12-31 | CN¥360.06 Million | +78.58% |
| 2015-12-31 | CN¥201.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hitevision 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 1228.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.43 Billion | 40.64% |
| Common Stock | CN¥236.58 Million | 6.73% |
| Other Comprehensive Income | CN¥143.00 Million | 4.07% |
| Other Components | CN¥1.71 Billion | 48.57% |
| Total Equity | CN¥3.52 Billion | 100.00% |
Hitevision Co Ltd Competitors by Market Cap
The table below lists competitors of Hitevision Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Coretronic
TWO:5371
|
$646.52 Million |
|
Preformed Line Products Company
NASDAQ:PLPC
|
$646.53 Million |
|
Ballard Power Systems Inc
NASDAQ:BLDP
|
$646.59 Million |
|
FRANKLIN BSP RE.TR DL-01
F:6VH
|
$646.71 Million |
|
AFFIN Holdings Bhd
KLSE:5185
|
$645.90 Million |
|
Unilever Indonesia Tbk
JK:UNVR
|
$645.57 Million |
|
Luk Fook Holdings (International) Limited
PINK:LKFLF
|
$645.40 Million |
|
Wah Lee Industrial Corp
TW:3010
|
$645.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hitevision Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,412,627,262 to 3,515,980,251, a change of 103,352,989 (3.0%).
- Net income of 221,921,090 contributed positively to equity growth.
- Dividend payments of 103,307,779 reduced retained earnings.
- Share repurchases of 51,098,320 reduced equity.
- Other comprehensive income increased equity by 143,000,382.
- Other factors decreased equity by 107,162,384.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥221.92 Million | +6.31% |
| Dividends Paid | CN¥103.31 Million | -2.94% |
| Share Repurchases | CN¥51.10 Million | -1.45% |
| Other Comprehensive Income | CN¥143.00 Million | +4.07% |
| Other Changes | CN¥-107.16 Million | -3.05% |
| Total Change | CN¥- | 3.03% |
Book Value vs Market Value Analysis
This analysis compares Hitevision 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: 1.74x
- 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 22.54x to 1.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥1.15 | CN¥25.97 | x |
| 2016-12-31 | CN¥2.06 | CN¥25.97 | x |
| 2017-12-31 | CN¥4.47 | CN¥25.97 | x |
| 2018-12-31 | CN¥5.20 | CN¥25.97 | x |
| 2019-12-31 | CN¥12.53 | CN¥25.97 | x |
| 2020-12-31 | CN¥12.93 | CN¥25.97 | x |
| 2021-12-31 | CN¥13.42 | CN¥25.97 | x |
| 2022-12-31 | CN¥15.08 | CN¥25.97 | x |
| 2023-12-31 | CN¥14.49 | CN¥25.97 | x |
| 2024-12-31 | CN¥14.89 | CN¥25.97 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hitevision 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): 6.31%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.30%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 1.40x
- Recent ROE (6.31%) is below the historical average (15.67%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 28.46% | 2.95% | 2.22x | 4.36x | CN¥35.34 Million |
| 2016 | 18.01% | 2.27% | 2.43x | 3.26x | CN¥27.47 Million |
| 2017 | 27.50% | 5.65% | 1.97x | 2.47x | CN¥130.04 Million |
| 2018 | 36.99% | 7.68% | 2.03x | 2.37x | CN¥245.33 Million |
| 2019 | 10.75% | 6.50% | 1.22x | 1.36x | CN¥21.88 Million |
| 2020 | 2.71% | 2.04% | 0.96x | 1.37x | CN¥-219.93 Million |
| 2021 | 5.38% | 2.91% | 1.23x | 1.50x | CN¥-145.02 Million |
| 2022 | 11.14% | 8.71% | 0.97x | 1.32x | CN¥40.51 Million |
| 2023 | 9.45% | 8.21% | 0.82x | 1.41x | CN¥-18.68 Million |
| 2024 | 6.31% | 6.30% | 0.71x | 1.40x | CN¥-129.68 Million |
Industry Comparison
This section compares Hitevision Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hitevision Co Ltd (002955) | CN¥3.32 Billion | 28.46% | 0.40x | $646.09 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |