Hiconics Drive Tech Co (300048) - Net Assets

Latest as of June 2026: CN¥1.86 Billion CNY ≈ $272.00 Million USD

Based on the latest financial reports, Hiconics Drive Tech Co (300048) has net assets worth CN¥1.86 Billion CNY (≈ $272.00 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.76 Billion ≈ $842.44 Million USD) and total liabilities (CN¥3.90 Billion ≈ $570.44 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 asset allocation strategy of Hiconics Drive Tech Co to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.86 Billion
% of Total Assets	32.29%
Annual Growth Rate	33.19%
5-Year Change	3.66%
10-Year Change	-28.85%
Growth Volatility	143.16

Hiconics Drive Tech Co - Net Assets Trend (2006–2025)

This chart illustrates how Hiconics Drive Tech Co's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Hiconics Drive Tech Co (300048) market capitalisation.

Annual Net Assets for Hiconics Drive Tech Co (2006–2025)

The table below shows the annual net assets of Hiconics Drive Tech Co from 2006 to 2025. Also explore Hiconics Drive Tech Co (300048) net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥1.89 Billion ≈ $277.24 Million	+7.56%
2024-12-31	CN¥1.76 Billion ≈ $257.76 Million	+2.25%
2023-12-31	CN¥1.72 Billion ≈ $252.09 Million	-9.56%
2022-12-31	CN¥1.90 Billion ≈ $278.74 Million	+4.22%
2021-12-31	CN¥1.83 Billion ≈ $267.46 Million	+11.17%
2020-12-31	CN¥1.64 Billion ≈ $240.59 Million	-29.29%
2019-12-31	CN¥2.33 Billion ≈ $340.27 Million	-0.74%
2018-12-31	CN¥2.34 Billion ≈ $342.81 Million	-11.43%
2017-12-31	CN¥2.64 Billion ≈ $387.05 Million	-0.67%
2016-12-31	CN¥2.66 Billion ≈ $389.64 Million	+6.54%
2015-12-31	CN¥2.50 Billion ≈ $365.74 Million	+48.91%
2014-12-31	CN¥1.68 Billion ≈ $245.61 Million	+11.18%
2013-12-31	CN¥1.51 Billion ≈ $220.91 Million	-0.09%
2012-12-31	CN¥1.51 Billion ≈ $221.11 Million	+2.62%
2011-12-31	CN¥1.47 Billion ≈ $215.47 Million	+9.77%
2010-12-31	CN¥1.34 Billion ≈ $196.28 Million	+485.44%
2009-12-31	CN¥229.12 Million ≈ $33.53 Million	+178.59%
2008-12-31	CN¥82.24 Million ≈ $12.03 Million	+87.29%
2007-12-31	CN¥43.91 Million ≈ $6.43 Million	+437.42%
2006-12-31	CN¥8.17 Million ≈ $1.20 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 33556529540.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	CN¥1.13 Billion	61.95%
Other Comprehensive Income	CN¥92.65 Million	5.09%
Other Components	CN¥938.81 Million	51.54%
Total Equity	CN¥1.82 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
Embracer Group AB Series B LSE:0GFE	$803.15 Million
RHOEN-KLINIK.UNSP.ADR 1/2 F:RHKU	$803.26 Million
Archicom S.A. WAR:ARH	$803.34 Million
Carlyle Secured Lending Inc NASDAQ:CGBD	$803.39 Million
Shanghai Haohai Biological Tech Co SHG:688366	$801.86 Million
Shenzhen Anche Technologies Co Ltd SHE:300572	$801.85 Million
Huangshan Tourism Development Co Ltd A SHG:600054	$801.44 Million
XiAn Tian He Defense Technology Co Ltd SHE:300397	$801.40 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 2024 to 2025, total equity changed from 1,703,212,286 to 1,821,363,205, a change of 118,150,919 (6.9%).
Net income of 62,012,009 contributed positively to equity growth.
Other comprehensive income decreased equity by 10,183,686.
Other factors increased equity by 66,322,596.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥62.01 Million	+3.4%
Other Comprehensive Income	CN¥-10.18 Million	-0.56%
Other Changes	CN¥66.32 Million	+3.64%
Total Change	CN¥-	6.94%

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: 3.00x
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 368.42x to 3.00x 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¥4.84	x
2007-12-31	CN¥0.06	CN¥4.84	x
2008-12-31	CN¥0.12	CN¥4.84	x
2009-12-31	CN¥0.33	CN¥4.84	x
2010-12-31	CN¥1.46	CN¥4.84	x
2011-12-31	CN¥1.50	CN¥4.84	x
2012-12-31	CN¥1.59	CN¥4.84	x
2013-12-31	CN¥1.56	CN¥4.84	x
2014-12-31	CN¥1.62	CN¥4.84	x
2015-12-31	CN¥2.55	CN¥4.84	x
2016-12-31	CN¥2.21	CN¥4.84	x
2017-12-31	CN¥2.20	CN¥4.84	x
2018-12-31	CN¥2.07	CN¥4.84	x
2019-12-31	CN¥1.95	CN¥4.84	x
2020-12-31	CN¥1.55	CN¥4.84	x
2021-12-31	CN¥1.79	CN¥4.84	x
2022-12-31	CN¥1.46	CN¥4.84	x
2023-12-31	CN¥1.52	CN¥4.84	x
2024-12-31	CN¥1.53	CN¥4.84	x
2025-12-31	CN¥1.61	CN¥4.84	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): 3.40%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 0.83%
• Asset Turnover: 1.51x
• Equity Multiplier: 2.70x
Recent ROE (3.40%) is below the historical average (6.70%), 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
2025	3.40%	0.83%	1.51x	2.70x	CN¥-120.12 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: $1,769,759,663
Average return on equity (ROE) among peers: 10.91%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hiconics Drive Tech Co (300048)	CN¥1.86 Billion	19.42%	2.10x	$801.98 Million
XJ Electric Co Ltd (000400)	$2.20 Billion	5.89%	1.14x	$3.04 Billion
Guangdong Macro Co Ltd (000533)	$1.47 Billion	1.58%	1.51x	$1.12 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$6.28 Billion	4.77%	0.55x	$869.03 Million
Dongfang Electronics Co Ltd (000682)	$411.24 Million	32.62%	0.36x	$2.10 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$692.15 Million	13.19%	0.78x	$696.87 Million
Huagong Tech Co Ltd (000988)	$1.72 Billion	8.73%	0.73x	$14.74 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.62 Billion	6.74%	1.87x	$1.30 Billion
Sieyuan Electric Co Ltd (002028)	$3.03 Billion	8.19%	0.43x	$15.88 Billion
Shanghai Welltech Automation Co Ltd (002058)	$165.38 Million	6.52%	0.32x	$349.71 Million
Gotion High tech Co Ltd (002074)	$105.54 Million	20.87%	1.30x	$6.75 Billion

About Hiconics Drive Tech Co

SHE:300048 China Electrical Equipment & Parts

Market Cap

$801.98 Million

CN¥5.48 Billion CNY

Market Cap Rank

#9890 Global

#2549 in China

Share Price

CN¥4.84

Change (1 day)

-1.83%

52-Week Range

CN¥4.52 - CN¥8.32

All Time High

CN¥8.88