Hiconics Drive Tech Co
Hiconics Eco-energy Technology Co., Ltd. engages in the industrial control, residential energy storage, and distributed PV EPC businesses in China and internationally. It operates through the Inverter, Photovoltaic EPC, Household Energy Storage, and Others segments. The company offers photovoltaic solutions, including residential, commercial, and industrial photovoltaic solutions; Midea PV grid-c… Read more
Hiconics Drive Tech Co (300048) - Net Assets
Latest net assets as of September 2025: CN¥1.91 Billion CNY
Based on the latest financial reports, Hiconics Drive Tech Co (300048) has net assets worth CN¥1.91 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¥4.97 Billion) and total liabilities (CN¥3.06 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¥1.91 Billion |
| % of Total Assets | 38.44% |
| Annual Growth Rate | 34.78% |
| 5-Year Change | 7.14% |
| 10-Year Change | -29.52% |
| Growth Volatility | 146.41 |
Hiconics Drive Tech Co - Net Assets Trend (2006–2024)
This chart illustrates how Hiconics Drive Tech Co's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hiconics Drive Tech Co (2006–2024)
The table below shows the annual net assets of Hiconics Drive Tech Co from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.76 Billion | +2.25% |
| 2023-12-31 | CN¥1.72 Billion | -9.56% |
| 2022-12-31 | CN¥1.90 Billion | +4.22% |
| 2021-12-31 | CN¥1.83 Billion | +11.17% |
| 2020-12-31 | CN¥1.64 Billion | -29.29% |
| 2019-12-31 | CN¥2.33 Billion | -0.74% |
| 2018-12-31 | CN¥2.34 Billion | -11.43% |
| 2017-12-31 | CN¥2.64 Billion | -0.67% |
| 2016-12-31 | CN¥2.66 Billion | +6.54% |
| 2015-12-31 | CN¥2.50 Billion | +48.91% |
| 2014-12-31 | CN¥1.68 Billion | +11.18% |
| 2013-12-31 | CN¥1.51 Billion | -0.09% |
| 2012-12-31 | CN¥1.51 Billion | +2.62% |
| 2011-12-31 | CN¥1.47 Billion | +9.77% |
| 2010-12-31 | CN¥1.34 Billion | +485.44% |
| 2009-12-31 | CN¥229.12 Million | +178.59% |
| 2008-12-31 | CN¥82.24 Million | +87.29% |
| 2007-12-31 | CN¥43.91 Million | +437.42% |
| 2006-12-31 | CN¥8.17 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hiconics Drive Tech Co'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 decreased by 39757730540.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.12 Billion | 65.56% |
| Other Comprehensive Income | CN¥102.84 Million | 6.04% |
| Other Components | CN¥884.08 Million | 51.91% |
| Total Equity | CN¥1.70 Billion | 100.00% |
Hiconics Drive Tech Co Competitors by Market Cap
The table below lists competitors of Hiconics Drive Tech Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gujarat State Petronet Limited
NSE:GSPL
|
$879.26 Million |
|
SIMMTECH Co. Ltd
KQ:222800
|
$879.62 Million |
|
Evolv Technologies Holdings Inc
NASDAQ:EVLV
|
$879.63 Million |
|
Zee Entertainment Enterprises Limited
NSE:ZEEL
|
$879.91 Million |
|
Sino Wealth Electronic Ltd
SHE:300327
|
$878.85 Million |
|
CareDx Inc
NASDAQ:CDNA
|
$878.73 Million |
|
Corporación Interamericana de Entretenimiento S.A.B. de C.V
MX:CIEB
|
$878.70 Million |
|
Teemsun Technology Co.,Ltd
SHE:301571
|
$878.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hiconics Drive Tech Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,675,587,235 to 1,703,212,286, a change of 27,625,051 (1.6%).
- Net income of 10,296,142 contributed positively to equity growth.
- Dividend payments of 1,893,078 reduced retained earnings.
- Other comprehensive income increased equity by 1,132,600.
- Other factors increased equity by 18,089,387.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥10.30 Million | +0.6% |
| Dividends Paid | CN¥1.89 Million | -0.11% |
| Other Comprehensive Income | CN¥1.13 Million | +0.07% |
| Other Changes | CN¥18.09 Million | +1.06% |
| Total Change | CN¥- | 1.65% |
Book Value vs Market Value Analysis
This analysis compares Hiconics Drive Tech Co'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: 5.01x
- 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 581.56x to 5.01x 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¥0.01 | CN¥7.64 | x |
| 2007-12-31 | CN¥0.06 | CN¥7.64 | x |
| 2008-12-31 | CN¥0.12 | CN¥7.64 | x |
| 2009-12-31 | CN¥0.33 | CN¥7.64 | x |
| 2010-12-31 | CN¥1.46 | CN¥7.64 | x |
| 2011-12-31 | CN¥1.50 | CN¥7.64 | x |
| 2012-12-31 | CN¥1.59 | CN¥7.64 | x |
| 2013-12-31 | CN¥1.56 | CN¥7.64 | x |
| 2014-12-31 | CN¥1.62 | CN¥7.64 | x |
| 2015-12-31 | CN¥2.55 | CN¥7.64 | x |
| 2016-12-31 | CN¥2.21 | CN¥7.64 | x |
| 2017-12-31 | CN¥2.20 | CN¥7.64 | x |
| 2018-12-31 | CN¥2.07 | CN¥7.64 | x |
| 2019-12-31 | CN¥1.95 | CN¥7.64 | x |
| 2020-12-31 | CN¥1.55 | CN¥7.64 | x |
| 2021-12-31 | CN¥1.79 | CN¥7.64 | x |
| 2022-12-31 | CN¥1.46 | CN¥7.64 | x |
| 2023-12-31 | CN¥1.52 | CN¥7.64 | x |
| 2024-12-31 | CN¥1.53 | CN¥7.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hiconics Drive Tech Co 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): 0.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.22%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 2.72x
- Recent ROE (0.60%) is below the historical average (6.87%), 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 | 19.42% | 4.53% | 0.83x | 5.15x | CN¥769.55K |
| 2007 | 38.12% | 16.60% | 0.96x | 2.39x | CN¥12.35 Million |
| 2008 | 46.61% | 22.57% | 0.71x | 2.92x | CN¥30.11 Million |
| 2009 | 30.72% | 23.80% | 0.72x | 1.79x | CN¥47.46 Million |
| 2010 | 7.51% | 26.00% | 0.25x | 1.15x | CN¥-33.39 Million |
| 2011 | 8.79% | 21.89% | 0.32x | 1.24x | CN¥-17.64 Million |
| 2012 | 9.00% | 19.35% | 0.39x | 1.20x | CN¥-15.01 Million |
| 2013 | 2.98% | 6.72% | 0.36x | 1.24x | CN¥-104.97 Million |
| 2014 | 2.87% | 6.55% | 0.32x | 1.38x | CN¥-108.41 Million |
| 2015 | 2.24% | 6.43% | 0.24x | 1.45x | CN¥-180.15 Million |
| 2016 | 7.23% | 12.63% | 0.29x | 1.99x | CN¥-68.49 Million |
| 2017 | 2.73% | 5.00% | 0.29x | 1.89x | CN¥-180.48 Million |
| 2018 | -10.63% | -19.65% | 0.29x | 1.86x | CN¥-460.14 Million |
| 2019 | 1.03% | 1.78% | 0.35x | 1.67x | CN¥-201.94 Million |
| 2020 | -29.62% | -40.99% | 0.48x | 1.50x | CN¥-688.90 Million |
| 2021 | 2.79% | 4.17% | 0.48x | 1.38x | CN¥-129.90 Million |
| 2022 | 1.37% | 1.80% | 0.51x | 1.49x | CN¥-161.13 Million |
| 2023 | -13.14% | -14.76% | 0.47x | 1.89x | CN¥-387.69 Million |
| 2024 | 0.60% | 0.22% | 1.03x | 2.72x | CN¥-160.03 Million |
Industry Comparison
This section compares Hiconics Drive Tech Co's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hiconics Drive Tech Co (300048) | CN¥1.91 Billion | 19.42% | 1.60x | $879.16 Million |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |