Harbin Jiuzhou Electrical Co Ltd (300040) - Net Assets

Latest as of March 2026: CN¥2.69 Billion CNY ≈ $393.25 Million USD

Based on the latest financial reports, Harbin Jiuzhou Electrical Co Ltd (300040) has net assets worth CN¥2.69 Billion CNY (≈ $393.25 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.51 Billion ≈ $1.10 Billion USD) and total liabilities (CN¥4.82 Billion ≈ $705.15 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 Harbin Jiuzhou Electrical Co Ltd tangible equity quality to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.69 Billion
% of Total Assets	35.8%
Annual Growth Rate	17.67%
5-Year Change	-11.35%
10-Year Change	48.9%
Growth Volatility	57.82

Harbin Jiuzhou Electrical Co Ltd - Net Assets Trend (2006–2025)

This chart illustrates how Harbin Jiuzhou Electrical Co Ltd's net assets have evolved over time, based on quarterly financial data. See 300040 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Harbin Jiuzhou Electrical Co Ltd (2006–2025)

The table below shows the annual net assets of Harbin Jiuzhou Electrical Co Ltd from 2006 to 2025. For live valuation and market cap data, see Harbin Jiuzhou Electrical Co Ltd (300040) market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥2.66 Billion ≈ $388.80 Million	+8.60%
2024-12-31	CN¥2.45 Billion ≈ $358.01 Million	-17.27%
2023-12-31	CN¥2.96 Billion ≈ $432.72 Million	+2.35%
2022-12-31	CN¥2.89 Billion ≈ $422.78 Million	-3.60%
2021-12-31	CN¥3.00 Billion ≈ $438.56 Million	+25.17%
2020-12-31	CN¥2.39 Billion ≈ $350.37 Million	+16.36%
2019-12-31	CN¥2.06 Billion ≈ $301.10 Million	+7.11%
2018-12-31	CN¥1.92 Billion ≈ $281.12 Million	+2.97%
2017-12-31	CN¥1.87 Billion ≈ $273.00 Million	+4.56%
2016-12-31	CN¥1.78 Billion ≈ $261.11 Million	+8.79%
2015-12-31	CN¥1.64 Billion ≈ $240.02 Million	+38.57%
2014-12-31	CN¥1.18 Billion ≈ $173.21 Million	-5.55%
2013-12-31	CN¥1.25 Billion ≈ $183.39 Million	-1.47%
2012-12-31	CN¥1.27 Billion ≈ $186.13 Million	+38.79%
2011-12-31	CN¥916.51 Million ≈ $134.11 Million	+2.94%
2010-12-31	CN¥890.32 Million ≈ $130.28 Million	+6.63%
2009-12-31	CN¥834.94 Million ≈ $122.18 Million	+257.83%
2008-12-31	CN¥233.33 Million ≈ $34.14 Million	+18.29%
2007-12-31	CN¥197.25 Million ≈ $28.86 Million	+63.55%
2006-12-31	CN¥120.60 Million ≈ $17.65 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Harbin Jiuzhou Electrical 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 793.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥481.04 Million	18.61%
Other Components	CN¥2.10 Billion	81.39%
Total Equity	CN¥2.58 Billion	100.00%

Harbin Jiuzhou Electrical Co Ltd Competitors by Market Cap

The table below lists competitors of Harbin Jiuzhou Electrical Co Ltd ranked by their market capitalization.

Company	Market Cap
Echo Investment SA WAR:ECH	$603.10 Million
HealthStream Inc NASDAQ:HSTM	$603.15 Million
Teyi Pharmaceutical Group Co Ltd SHE:002728	$603.16 Million
Cracker Barrel Old Country Store NASDAQ:CBRL	$603.26 Million
Daewon Cable KO:006340	$602.24 Million
Shenzhen Keanda Electronic Techno SHE:002972	$601.90 Million
Rainbow Tours SA WAR:RBW	$601.54 Million
PNC Infratech Limited NSE:PNCINFRA	$601.51 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Harbin Jiuzhou Electrical Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,381,433,026 to 2,584,909,352, a change of 203,476,326 (8.5%).
Net income of 40,944,975 contributed positively to equity growth.
Dividend payments of 115,580,447 reduced retained earnings.
Other comprehensive income decreased equity by 208,154,270.
Other factors increased equity by 486,266,068.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥40.94 Million	+1.58%
Dividends Paid	CN¥115.58 Million	-4.47%
Other Comprehensive Income	CN¥-208.15 Million	-8.05%
Other Changes	CN¥486.27 Million	+18.81%
Total Change	CN¥-	8.54%

Book Value vs Market Value Analysis

This analysis compares Harbin Jiuzhou Electrical 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: 1.59x
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 11.22x to 1.59x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2006-12-31	CN¥0.57	CN¥6.40	x
2007-12-31	CN¥0.76	CN¥6.40	x
2008-12-31	CN¥0.81	CN¥6.40	x
2009-12-31	CN¥2.50	CN¥6.40	x
2010-12-31	CN¥2.26	CN¥6.40	x
2011-12-31	CN¥2.32	CN¥6.40	x
2012-12-31	CN¥3.27	CN¥6.40	x
2013-12-31	CN¥2.96	CN¥6.40	x
2014-12-31	CN¥3.04	CN¥6.40	x
2015-12-31	CN¥4.08	CN¥6.40	x
2016-12-31	CN¥3.71	CN¥6.40	x
2017-12-31	CN¥3.86	CN¥6.40	x
2018-12-31	CN¥3.93	CN¥6.40	x
2019-12-31	CN¥4.02	CN¥6.40	x
2020-12-31	CN¥4.70	CN¥6.40	x
2021-12-31	CN¥4.73	CN¥6.40	x
2022-12-31	CN¥4.80	CN¥6.40	x
2023-12-31	CN¥4.92	CN¥6.40	x
2024-12-31	CN¥4.07	CN¥6.40	x
2025-12-31	CN¥4.02	CN¥6.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Harbin Jiuzhou Electrical 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): 1.58%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.82%
• Asset Turnover: 0.20x
• Equity Multiplier: 2.84x
Recent ROE (1.58%) is below the historical average (5.23%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2006	15.03%	10.49%	0.56x	2.57x	CN¥6.07 Million
2007	15.43%	13.26%	0.67x	1.75x	CN¥10.70 Million
2008	15.46%	12.05%	0.65x	1.98x	CN¥12.75 Million
2009	5.60%	12.41%	0.33x	1.36x	CN¥-36.70 Million
2010	6.01%	11.14%	0.41x	1.32x	CN¥-34.59 Million
2011	4.46%	7.04%	0.46x	1.38x	CN¥-49.48 Million
2012	30.84%	91.91%	0.27x	1.26x	CN¥265.02 Million
2013	0.72%	4.34%	0.14x	1.16x	CN¥-116.25 Million
2014	-4.71%	-29.40%	0.14x	1.18x	CN¥-174.09 Million
2015	1.23%	2.65%	0.32x	1.43x	CN¥-143.90 Million
2016	7.31%	9.89%	0.47x	1.59x	CN¥-47.92 Million
2017	5.37%	7.01%	0.38x	2.03x	CN¥-86.42 Million
2018	2.36%	4.41%	0.27x	1.95x	CN¥-145.75 Million
2019	2.49%	6.36%	0.16x	2.45x	CN¥-152.00 Million
2020	2.98%	5.48%	0.18x	3.07x	CN¥-165.18 Million
2021	6.77%	13.03%	0.17x	3.13x	CN¥-87.92 Million
2022	5.20%	11.09%	0.18x	2.67x	CN¥-136.09 Million
2023	3.25%	7.77%	0.16x	2.56x	CN¥-195.66 Million
2024	-22.88%	-36.78%	0.21x	3.00x	CN¥-782.95 Million
2025	1.58%	2.82%	0.20x	2.84x	CN¥-217.55 Million

Industry Comparison

This section compares Harbin Jiuzhou Electrical Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $2,053,540,271
Average return on equity (ROE) among peers: 4.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Harbin Jiuzhou Electrical Co Ltd (300040)	CN¥2.69 Billion	15.03%	1.79x	$602.57 Million
Huayi Compressor Co Ltd (000404)	$2.70 Billion	6.94%	1.45x	$768.94 Million
Shenyang Machine Tool Co Ltd (000410)	$1.11 Billion	8.63%	3.77x	$1.98 Billion
North Industries Group Red Arrow Co Ltd (000519)	$9.75 Billion	8.40%	0.54x	$4.14 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$657.04 Million	17.35%	0.68x	$478.11 Million
Changchai Co Ltd (000570)	$2.06 Billion	3.02%	0.72x	$409.83 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$437.03 Million	6.41%	1.13x	$32.29 Million
Baota Industry Co Ltd (000595)	$356.47 Million	-22.08%	1.87x	$1.07 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$303.55 Million	4.59%	0.79x	$1.10 Billion
J.S. Corrugating Machinery Co Ltd (000821)	$2.36 Billion	2.28%	1.62x	$788.41 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$803.92 Million	9.00%	0.67x	$1.83 Billion

About Harbin Jiuzhou Electrical Co Ltd

SHE:300040 China Specialty Industrial Machinery

Market Cap

$602.57 Million

CN¥4.12 Billion CNY

Market Cap Rank

#11448 Global

#3275 in China

Share Price

CN¥6.40

Change (1 day)

-7.11%

52-Week Range

CN¥5.96 - CN¥9.33

All Time High

CN¥1312.83