Hailun Piano Co Ltd
Hailun Piano Co.,Ltd., together with its subsidiaries, engages in the research, development, manufacture, sale, and service of pianos in China and internationally. It also provides art education services. Hailun Piano Co.,Ltd. was incorporated in 2001 and is based in Ningbo City, China.
Hailun Piano Co Ltd (300329) - Net Assets
Latest net assets as of September 2025: CN¥678.50 Million CNY
Based on the latest financial reports, Hailun Piano Co Ltd (300329) has net assets worth CN¥678.50 Million 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¥1.08 Billion) and total liabilities (CN¥399.46 Million). 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¥678.50 Million |
| % of Total Assets | 62.94% |
| Annual Growth Rate | 14.1% |
| 5-Year Change | -28.23% |
| 10-Year Change | -7.67% |
| Growth Volatility | 47.5 |
Hailun Piano Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Hailun Piano Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hailun Piano Co Ltd (2007–2024)
The table below shows the annual net assets of Hailun Piano Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥717.79 Million | -14.15% |
| 2023-12-31 | CN¥836.09 Million | -9.17% |
| 2022-12-31 | CN¥920.53 Million | +0.49% |
| 2021-12-31 | CN¥916.05 Million | -8.41% |
| 2020-12-31 | CN¥1.00 Billion | +2.75% |
| 2019-12-31 | CN¥973.34 Million | +8.84% |
| 2018-12-31 | CN¥894.29 Million | +6.60% |
| 2017-12-31 | CN¥838.94 Million | +4.30% |
| 2016-12-31 | CN¥804.32 Million | +3.46% |
| 2015-12-31 | CN¥777.46 Million | +42.09% |
| 2014-12-31 | CN¥547.15 Million | +3.73% |
| 2013-12-31 | CN¥527.47 Million | +2.23% |
| 2012-12-31 | CN¥515.97 Million | +201.20% |
| 2011-12-31 | CN¥171.31 Million | +25.64% |
| 2010-12-31 | CN¥136.35 Million | +17.11% |
| 2009-12-31 | CN¥116.43 Million | +29.09% |
| 2008-12-31 | CN¥90.19 Million | +18.36% |
| 2007-12-31 | CN¥76.20 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hailun Piano 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 51.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥78.56 Million | 10.95% |
| Common Stock | CN¥252.89 Million | 35.24% |
| Other Components | CN¥386.22 Million | 53.82% |
| Total Equity | CN¥717.67 Million | 100.00% |
Hailun Piano Co Ltd Competitors by Market Cap
The table below lists competitors of Hailun Piano Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shin Poong Pharm.Co.Ltd.
KO:019170
|
$255.90 Million |
|
VIP Industries Limited
NSE:VIPIND
|
$255.94 Million |
|
Shenyang Brilliant Elevator Group Co Ltd
SHE:002689
|
$255.98 Million |
|
Unizyx Holding Corp
TW:3704
|
$256.10 Million |
|
Wagners Holding Company Ltd
AU:WGN
|
$255.88 Million |
|
BELLSYSTEM24 HLDGS O.N.
F:B24
|
$255.84 Million |
|
LAY-OUT Planning Consultants Co. Ltd.
SHE:300989
|
$255.83 Million |
|
High Templar Tech Limited
LSE:0A2T
|
$255.82 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hailun Piano Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 836,049,970 to 717,670,149, a change of -118,379,821 (-14.2%).
- Net loss of 97,922,428 reduced equity.
- Dividend payments of 6,234,337 reduced retained earnings.
- Other factors decreased equity by 14,223,056.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-97.92 Million | -13.64% |
| Dividends Paid | CN¥6.23 Million | -0.87% |
| Other Changes | CN¥-14.22 Million | -1.98% |
| Total Change | CN¥- | -14.16% |
Book Value vs Market Value Analysis
This analysis compares Hailun Piano 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: 4.70x
- 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 34.38x to 4.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.39 | CN¥13.35 | x |
| 2008-12-31 | CN¥0.48 | CN¥13.35 | x |
| 2009-12-31 | CN¥0.62 | CN¥13.35 | x |
| 2010-12-31 | CN¥0.71 | CN¥13.35 | x |
| 2011-12-31 | CN¥0.90 | CN¥13.35 | x |
| 2012-12-31 | CN¥2.41 | CN¥13.35 | x |
| 2013-12-31 | CN¥2.15 | CN¥13.35 | x |
| 2014-12-31 | CN¥2.24 | CN¥13.35 | x |
| 2015-12-31 | CN¥3.20 | CN¥13.35 | x |
| 2016-12-31 | CN¥3.19 | CN¥13.35 | x |
| 2017-12-31 | CN¥3.32 | CN¥13.35 | x |
| 2018-12-31 | CN¥3.59 | CN¥13.35 | x |
| 2019-12-31 | CN¥3.84 | CN¥13.35 | x |
| 2020-12-31 | CN¥3.94 | CN¥13.35 | x |
| 2021-12-31 | CN¥3.61 | CN¥13.35 | x |
| 2022-12-31 | CN¥3.64 | CN¥13.35 | x |
| 2023-12-31 | CN¥3.29 | CN¥13.35 | x |
| 2024-12-31 | CN¥2.84 | CN¥13.35 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hailun Piano 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): -13.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -61.50%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.55x
- Recent ROE (-13.64%) is below the historical average (7.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 22.40% | 9.18% | 0.85x | 2.88x | CN¥8.81 Million |
| 2008 | 18.53% | 9.03% | 0.84x | 2.44x | CN¥7.48 Million |
| 2009 | 22.41% | 12.35% | 0.79x | 2.30x | CN¥14.03 Million |
| 2010 | 26.75% | 12.75% | 0.89x | 2.36x | CN¥21.27 Million |
| 2011 | 22.01% | 11.82% | 0.90x | 2.07x | CN¥19.54 Million |
| 2012 | 6.01% | 10.06% | 0.47x | 1.27x | CN¥-20.29 Million |
| 2013 | 6.20% | 9.53% | 0.50x | 1.29x | CN¥-19.75 Million |
| 2014 | 4.76% | 7.28% | 0.53x | 1.24x | CN¥-28.32 Million |
| 2015 | 4.01% | 8.40% | 0.41x | 1.15x | CN¥-46.31 Million |
| 2016 | 4.16% | 8.55% | 0.42x | 1.16x | CN¥-46.74 Million |
| 2017 | 4.91% | 8.73% | 0.47x | 1.20x | CN¥-42.51 Million |
| 2018 | 6.13% | 10.34% | 0.47x | 1.27x | CN¥-34.48 Million |
| 2019 | 5.37% | 9.40% | 0.44x | 1.29x | CN¥-44.92 Million |
| 2020 | 3.19% | 6.69% | 0.37x | 1.29x | CN¥-67.84 Million |
| 2021 | -8.71% | -15.26% | 0.38x | 1.52x | CN¥-171.02 Million |
| 2022 | 0.90% | 2.20% | 0.27x | 1.53x | CN¥-83.73 Million |
| 2023 | -9.43% | -26.51% | 0.24x | 1.51x | CN¥-162.46 Million |
| 2024 | -13.64% | -61.50% | 0.14x | 1.55x | CN¥-169.69 Million |
Industry Comparison
This section compares Hailun Piano Co Ltd's net assets metrics with peer companies in the Leisure industry.
Industry Context
- Industry: Leisure
- Average net assets among peers: $780,869,385
- Average return on equity (ROE) among peers: 7.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hailun Piano Co Ltd (300329) | CN¥678.50 Million | 22.40% | 0.59x | $255.90 Million |
| China Bicycle Co Holdings Ltd (000017) | $-1.76 Billion | 0.00% | 0.00x | $399.65 Million |
| Sportsoul Co. Ltd. A (001300) | $1.06 Billion | 2.11% | 0.25x | $179.80 Million |
| HL Corp Shenzhen (002105) | $567.28 Million | 4.46% | 1.51x | $173.11 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $1.12 Billion | 5.75% | 0.06x | $627.40 Million |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $884.00 Million | 4.93% | 0.13x | $533.55 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $1.06 Billion | 8.95% | 0.37x | $695.43 Million |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $217.49 Million | 21.16% | 1.94x | $334.52 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $3.73 Billion | 0.16% | 0.22x | $191.51 Million |
| Shifeng Cultural Development Co Ltd (002862) | $569.17 Million | 5.62% | 0.07x | $192.82 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $361.39 Million | 21.08% | 0.71x | $407.33 Million |