Guangdong Haomei New Material Co Lt (002988) - Net Assets

Latest as of September 2025: CN¥2.72 Billion CNY ≈ $397.62 Million USD

Based on the latest financial reports, Guangdong Haomei New Material Co Lt (002988) has net assets worth CN¥2.72 Billion CNY (≈ $397.62 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¥6.70 Billion ≈ $979.75 Million USD) and total liabilities (CN¥3.98 Billion ≈ $582.13 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 how resilient are Guangdong Haomei New Material Co Lt's assets to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.72 Billion
% of Total Assets	40.58%
Annual Growth Rate	13.11%
5-Year Change	24.34%
10-Year Change	N/A
Growth Volatility	14.43

Guangdong Haomei New Material Co Lt - Net Assets Trend (2015–2024)

This chart illustrates how Guangdong Haomei New Material Co Lt's net assets have evolved over time, based on quarterly financial data. Also explore how large is Guangdong Haomei New Material Co Lt's balance sheet for the complete picture of this company's asset base.

Annual Net Assets for Guangdong Haomei New Material Co Lt (2015–2024)

The table below shows the annual net assets of Guangdong Haomei New Material Co Lt from 2015 to 2024. For live valuation and market cap data, see 002988 stock market capitalisation.

Year	Net Assets	Change
2024-12-31	CN¥2.64 Billion ≈ $386.00 Million	+4.17%
2023-12-31	CN¥2.53 Billion ≈ $370.57 Million	+15.75%
2022-12-31	CN¥2.19 Billion ≈ $320.15 Million	-1.76%
2021-12-31	CN¥2.23 Billion ≈ $325.90 Million	+4.98%
2020-12-31	CN¥2.12 Billion ≈ $310.43 Million	+49.62%
2019-12-31	CN¥1.42 Billion ≈ $207.48 Million	+13.46%
2018-12-31	CN¥1.25 Billion ≈ $182.87 Million	+8.28%
2017-12-31	CN¥1.15 Billion ≈ $168.89 Million	+23.73%
2016-12-31	CN¥932.81 Million ≈ $136.50 Million	+7.16%
2015-12-31	CN¥870.47 Million ≈ $127.38 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Guangdong Haomei New Material Co Lt'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 101579743800.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.02 Billion	38.51%
Common Stock	CN¥247.96 Million	9.40%
Other Components	CN¥1.37 Billion	52.09%
Total Equity	CN¥2.64 Billion	100.00%

Guangdong Haomei New Material Co Lt Competitors by Market Cap

The table below lists competitors of Guangdong Haomei New Material Co Lt ranked by their market capitalization.

Company	Market Cap
Wuhan Fingu Electronic Technology Co Ltd SHE:002194	$1.27 Billion
Nuvoco Vistas Corporation Limited NSE:NUVOCO	$1.27 Billion
ATAI Life Sciences NV XETRA:9VC	$1.27 Billion
Shanghai Hajime Advanced Material Technology Co. Ltd. SHE:301000	$1.27 Billion
Triumph Financial, Inc. NASDAQ:TFIN	$1.27 Billion
Nolato AB (publ) ST:NOLA-B	$1.27 Billion
Yibin Tianyuan Group Co Ltd SHE:002386	$1.27 Billion
Bitfarms Ltd. NASDAQ:KEEL	$1.27 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Guangdong Haomei New Material Co Lt's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 2,535,169,413 to 2,637,877,529, a change of 102,708,116 (4.1%).
Net income of 209,404,511 contributed positively to equity growth.
Dividend payments of 126,677,219 reduced retained earnings.
Share repurchases of 45,000,000 reduced equity.
Other factors increased equity by 64,980,824.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥209.40 Million	+7.94%
Dividends Paid	CN¥126.68 Million	-4.8%
Share Repurchases	CN¥45.00 Million	-1.71%
Other Changes	CN¥64.98 Million	+2.46%
Total Change	CN¥-	4.05%

Book Value vs Market Value Analysis

This analysis compares Guangdong Haomei New Material Co Lt'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: 3.20x
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 6.59x to 3.20x 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¥5.28	CN¥34.82	x
2016-12-31	CN¥5.66	CN¥34.82	x
2017-12-31	CN¥6.86	CN¥34.82	x
2018-12-31	CN¥7.15	CN¥34.82	x
2019-12-31	CN¥8.14	CN¥34.82	x
2020-12-31	CN¥9.11	CN¥34.82	x
2021-12-31	CN¥9.57	CN¥34.82	x
2022-12-31	CN¥9.41	CN¥34.82	x
2023-12-31	CN¥10.63	CN¥34.82	x
2024-12-31	CN¥10.87	CN¥34.82	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Guangdong Haomei New Material Co Lt 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): 7.94%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.14%
• Asset Turnover: 1.04x
• Equity Multiplier: 2.43x
Recent ROE (7.94%) is above the historical average (7.17%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	11.13%	5.02%	0.98x	2.26x	CN¥9.86 Million
2016	9.72%	4.66%	0.89x	2.34x	CN¥-2.64 Million
2017	9.76%	4.77%	0.98x	2.09x	CN¥-2.73 Million
2018	7.55%	3.52%	1.01x	2.12x	CN¥-30.63 Million
2019	11.80%	5.64%	1.01x	2.07x	CN¥25.58 Million
2020	5.47%	3.37%	0.86x	1.89x	CN¥-96.17 Million
2021	6.25%	2.49%	1.11x	2.26x	CN¥-83.66 Million
2022	-5.09%	-2.06%	1.03x	2.41x	CN¥-330.46 Million
2023	7.15%	3.03%	1.01x	2.33x	CN¥-72.22 Million
2024	7.94%	3.14%	1.04x	2.43x	CN¥-54.38 Million

Industry Comparison

This section compares Guangdong Haomei New Material Co Lt's net assets metrics with peer companies in the Aluminum industry.

Industry Context

Industry: Aluminum
Average net assets among peers: $8,254,064,714
Average return on equity (ROE) among peers: 5.54%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Guangdong Haomei New Material Co Lt (002988)	CN¥2.72 Billion	11.13%	1.46x	$1.27 Billion
Jiaozuo Wanfang Aluminum (000612)	$4.52 Billion	2.19%	0.61x	$2.31 Billion
Yunnan Aluminium Co Ltd (000807)	$20.91 Billion	15.94%	0.81x	$16.00 Billion
Henan Shenhuo Coal & Power Co Ltd (000933)	$21.20 Billion	35.74%	1.85x	$10.20 Billion
Guangdong Hongtu Technology Holdings Co Ltd (002101)	$5.09 Billion	5.90%	0.50x	$981.91 Million
Jiangsu Alcha Aluminium Co Ltd (002160)	$2.90 Billion	-14.82%	1.20x	$757.15 Million
Nanjing Yunhai Special Metals Co Ltd (002182)	$875.30 Million	4.75%	1.04x	$2.42 Billion
ZYF Lopsking Aluminum Co Ltd (002333)	$1.34 Billion	4.01%	0.35x	$546.16 Million
Shandong Hongchuang Aluminum Industry Holding Co Ltd (002379)	$1.31 Billion	-26.39%	2.86x	$45.15 Billion
Jilin Liyuan Precision Manufacturing Co Ltd (002501)	$282.59 Million	18.96%	1.83x	$659.74 Million
Tianshan Aluminum Group Co Ltd (002532)	$24.11 Billion	9.15%	1.37x	$11.28 Billion

About Guangdong Haomei New Material Co Lt

SHE:002988 China Aluminum

Market Cap

$1.27 Billion

CN¥8.70 Billion CNY

Market Cap Rank

#8148 Global

#2100 in China

Share Price

CN¥34.82

Change (1 day)

-0.88%

52-Week Range

CN¥28.19 - CN¥50.12

All Time High

CN¥50.12