Hes Technology Group (002963) - Net Assets
Based on the latest financial reports, Hes Technology Group (002963) has net assets worth CN¥1.29 Billion CNY (≈ $189.24 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¥1.73 Billion ≈ $253.06 Million USD) and total liabilities (CN¥436.10 Million ≈ $63.82 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 financial resilience of Hes Technology Group to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.29 Billion |
| % of Total Assets | 74.78% |
| Annual Growth Rate | 28.05% |
| 5-Year Change | -18.52% |
| 10-Year Change | N/A |
| Growth Volatility | 55.29 |
Hes Technology Group - Net Assets Trend (2015–2024)
This chart illustrates how Hes Technology Group's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Hes Technology Group for the complete picture of this company's asset base.
Annual Net Assets for Hes Technology Group (2015–2024)
The table below shows the annual net assets of Hes Technology Group from 2015 to 2024. For live valuation and market cap data, see Hes Technology Group (002963) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.35 Billion ≈ $197.51 Million |
-11.74% |
| 2023-12-31 | CN¥1.53 Billion ≈ $223.80 Million |
+1.33% |
| 2022-12-31 | CN¥1.51 Billion ≈ $220.86 Million |
-9.37% |
| 2021-12-31 | CN¥1.67 Billion ≈ $243.69 Million |
+0.53% |
| 2020-12-31 | CN¥1.66 Billion ≈ $242.41 Million |
+0.99% |
| 2019-12-31 | CN¥1.64 Billion ≈ $240.02 Million |
+163.01% |
| 2018-12-31 | CN¥623.64 Million ≈ $91.26 Million |
+37.72% |
| 2017-12-31 | CN¥452.83 Million ≈ $66.26 Million |
+69.22% |
| 2016-12-31 | CN¥267.60 Million ≈ $39.16 Million |
+83.64% |
| 2015-12-31 | CN¥145.72 Million ≈ $21.32 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hes Technology Group'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 34.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥113.87 Million | 8.45% |
| Common Stock | CN¥150.36 Million | 11.15% |
| Other Components | CN¥1.08 Billion | 80.40% |
| Total Equity | CN¥1.35 Billion | 100.00% |
Hes Technology Group Competitors by Market Cap
The table below lists competitors of Hes Technology Group ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hoasen Group
VN:HSG
|
$376.32 Million |
|
Wanxiang Doneed Co Ltd
SHG:600371
|
$376.33 Million |
|
Guangzhou Improve Med Instrument
SHE:300030
|
$376.43 Million |
|
Huida Sanitary Ware Co Ltd
SHG:603385
|
$376.55 Million |
|
Fanli Digital Technology Co Ltd
SHG:600228
|
$376.20 Million |
|
Zhejiang East Crystal Electronic Co Ltd
SHE:002199
|
$376.18 Million |
|
Fujian Jinsen Forestry Co Ltd
SHE:002679
|
$376.03 Million |
|
DAKOTA GOLD CORP. DL-001
F:RR6
|
$376.03 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hes Technology Group's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,527,481,834 to 1,348,105,344, a change of -179,376,490 (-11.7%).
- Net loss of 179,376,490 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-179.38 Million | -13.31% |
| Total Change | CN¥- | -11.74% |
Book Value vs Market Value Analysis
This analysis compares Hes Technology Group'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: 1.91x
- 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 9.38x to 1.91x 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¥1.82 | CN¥17.10 | x |
| 2016-12-31 | CN¥3.35 | CN¥17.10 | x |
| 2017-12-31 | CN¥4.30 | CN¥17.10 | x |
| 2018-12-31 | CN¥5.51 | CN¥17.10 | x |
| 2019-12-31 | CN¥10.91 | CN¥17.10 | x |
| 2020-12-31 | CN¥11.02 | CN¥17.10 | x |
| 2021-12-31 | CN¥11.08 | CN¥17.10 | x |
| 2022-12-31 | CN¥10.04 | CN¥17.10 | x |
| 2023-12-31 | CN¥10.29 | CN¥17.10 | x |
| 2024-12-31 | CN¥8.94 | CN¥17.10 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hes Technology Group 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): -13.31%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.08%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 1.35x
- Recent ROE (-13.31%) is below the historical average (5.85%), 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 | 15.04% | 9.14% | 0.95x | 1.74x | CN¥7.35 Million |
| 2016 | 3.88% | 3.70% | 0.71x | 1.47x | CN¥-16.37 Million |
| 2017 | 18.16% | 16.93% | 0.72x | 1.49x | CN¥36.94 Million |
| 2018 | 27.39% | 18.53% | 0.88x | 1.67x | CN¥108.45 Million |
| 2019 | 13.16% | 18.65% | 0.51x | 1.39x | CN¥51.79 Million |
| 2020 | 2.58% | 7.15% | 0.28x | 1.29x | CN¥-122.90 Million |
| 2021 | 0.80% | 1.69% | 0.34x | 1.39x | CN¥-153.24 Million |
| 2022 | -10.34% | -38.34% | 0.19x | 1.40x | CN¥-306.97 Million |
| 2023 | 1.17% | 3.31% | 0.26x | 1.34x | CN¥-134.94 Million |
| 2024 | -13.31% | -39.08% | 0.25x | 1.35x | CN¥-314.19 Million |
Industry Comparison
This section compares Hes Technology Group's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hes Technology Group (002963) | CN¥1.29 Billion | 15.04% | 0.34x | $376.24 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About Hes Technology Group
Haoersai Technology Group Corp., Ltd. designs, constructs, procures, operates, maintains, and sells lighting engineering products primarily in China. The company offers smart light poles that are applied to various scenarios, including smart communities, smart security, and smart parking; and smart city and town, digital village, smart parking and security, and smart sanitation solutions. It also… Read more