Hailun Piano Co Ltd (300329) - Net Assets
Based on the latest financial reports, Hailun Piano Co Ltd (300329) has net assets worth CN¥607.64 Million CNY (≈ $88.92 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¥1.03 Billion ≈ $151.17 Million USD) and total liabilities (CN¥425.44 Million ≈ $62.26 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 300329 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥607.64 Million |
| % of Total Assets | 58.82% |
| Annual Growth Rate | 12.44% |
| 5-Year Change | -31.4% |
| 10-Year Change | -21.87% |
| Growth Volatility | 46.74 |
Hailun Piano Co Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Hailun Piano Co Ltd's net assets have evolved over time, based on quarterly financial data. See 300329 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hailun Piano Co Ltd (2007–2025)
The table below shows the annual net assets of Hailun Piano Co Ltd from 2007 to 2025. For live valuation and market cap data, see Hailun Piano Co Ltd (300329) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥628.44 Million ≈ $91.96 Million |
-12.45% |
| 2024-12-31 | CN¥717.79 Million ≈ $105.04 Million |
-14.15% |
| 2023-12-31 | CN¥836.09 Million ≈ $122.35 Million |
-9.17% |
| 2022-12-31 | CN¥920.53 Million ≈ $134.70 Million |
+0.49% |
| 2021-12-31 | CN¥916.05 Million ≈ $134.05 Million |
-8.41% |
| 2020-12-31 | CN¥1.00 Billion ≈ $146.35 Million |
+2.75% |
| 2019-12-31 | CN¥973.34 Million ≈ $142.43 Million |
+8.84% |
| 2018-12-31 | CN¥894.29 Million ≈ $130.86 Million |
+6.60% |
| 2017-12-31 | CN¥838.94 Million ≈ $122.76 Million |
+4.30% |
| 2016-12-31 | CN¥804.32 Million ≈ $117.70 Million |
+3.46% |
| 2015-12-31 | CN¥777.46 Million ≈ $113.77 Million |
+42.09% |
| 2014-12-31 | CN¥547.15 Million ≈ $80.07 Million |
+3.73% |
| 2013-12-31 | CN¥527.47 Million ≈ $77.19 Million |
+2.23% |
| 2012-12-31 | CN¥515.97 Million ≈ $75.50 Million |
+201.20% |
| 2011-12-31 | CN¥171.31 Million ≈ $25.07 Million |
+25.64% |
| 2010-12-31 | CN¥136.35 Million ≈ $19.95 Million |
+17.11% |
| 2009-12-31 | CN¥116.43 Million ≈ $17.04 Million |
+29.09% |
| 2008-12-31 | CN¥90.19 Million ≈ $13.20 Million |
+18.36% |
| 2007-12-31 | CN¥76.20 Million ≈ $11.15 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 decreased by 121.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥639.11 Million | 101.79% |
| Total Equity | CN¥627.89 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 |
|---|---|
|
Ponce Financial Group Inc
NASDAQ:PDLB
|
$462.23 Million |
|
Fine Semitech Corp
KQ:036810
|
$462.24 Million |
|
Nanjing Zhongbei Group Co Ltd
SHE:000421
|
$462.30 Million |
|
Sichuan Troy Information Technology Co Ltd
SHE:300366
|
$462.32 Million |
|
Hefei Gocom Information Technology Co Ltd
SHG:688367
|
$462.11 Million |
|
AGI Greenpac Limited
NSE:AGI
|
$462.07 Million |
|
Xiamen Savings Environmental
SHE:300056
|
$461.99 Million |
|
Shanghai Shine-Link Intl
SHG:603648
|
$461.91 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 2024 to 2025, total equity changed from 717,670,149 to 627,887,356, a change of -89,782,793 (-12.5%).
- Net loss of 89,782,794 reduced equity.
- Dividend payments of 15,361,294 reduced retained earnings.
- Other factors increased equity by 15,361,295.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-89.78 Million | -14.3% |
| Dividends Paid | CN¥15.36 Million | -2.45% |
| Other Changes | CN¥15.36 Million | +2.45% |
| Total Change | CN¥- | -12.51% |
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: 5.03x
- 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 32.16x to 5.03x 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¥12.49 | x |
| 2008-12-31 | CN¥0.48 | CN¥12.49 | x |
| 2009-12-31 | CN¥0.62 | CN¥12.49 | x |
| 2010-12-31 | CN¥0.71 | CN¥12.49 | x |
| 2011-12-31 | CN¥0.90 | CN¥12.49 | x |
| 2012-12-31 | CN¥2.41 | CN¥12.49 | x |
| 2013-12-31 | CN¥2.15 | CN¥12.49 | x |
| 2014-12-31 | CN¥2.24 | CN¥12.49 | x |
| 2015-12-31 | CN¥3.20 | CN¥12.49 | x |
| 2016-12-31 | CN¥3.19 | CN¥12.49 | x |
| 2017-12-31 | CN¥3.32 | CN¥12.49 | x |
| 2018-12-31 | CN¥3.59 | CN¥12.49 | x |
| 2019-12-31 | CN¥3.91 | CN¥12.49 | x |
| 2020-12-31 | CN¥4.07 | CN¥12.49 | x |
| 2021-12-31 | CN¥3.56 | CN¥12.49 | x |
| 2022-12-31 | CN¥3.32 | CN¥12.49 | x |
| 2023-12-31 | CN¥3.29 | CN¥12.49 | x |
| 2024-12-31 | CN¥2.86 | CN¥12.49 | x |
| 2025-12-31 | CN¥2.48 | CN¥12.49 | 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): -14.30%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -73.10%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.62x
- Recent ROE (-14.30%) is below the historical average (5.88%), 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 |
| 2025 | -14.30% | -73.10% | 0.12x | 1.62x | CN¥-152.57 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: $720,285,441
- Average return on equity (ROE) among peers: 7.40%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hailun Piano Co Ltd (300329) | CN¥607.64 Million | 22.40% | 0.70x | $462.20 Million |
| China Bicycle Co Holdings Ltd (000017) | $368.14 Million | 4.58% | 0.18x | $334.79 Million |
| HL Corp Shenzhen (002105) | $983.84 Million | 2.21% | 0.72x | $293.69 Million |
| Goldlok Toys Holdings Guangdong Co Ltd (002348) | $653.92 Million | -16.62% | 0.42x | $1.72 Billion |
| Guangdong Qunxing Toys Joint-Stock Co Ltd (002575) | $884.00 Million | 4.93% | 0.13x | $556.62 Million |
| Shanghai Yaoji Playing Card Co Ltd (002605) | $2.05 Billion | 6.70% | 0.38x | $1.16 Billion |
| Xiamen Comfort Science&Technology Group Co Ltd (002614) | $397.50 Million | 38.51% | 1.66x | $440.85 Million |
| Guangzhou Pearl River Piano Group Co Ltd (002678) | $1.85 Billion | 7.63% | 0.28x | $1.08 Billion |
| Shifeng Cultural Development Co Ltd (002862) | $179.37 Million | 19.70% | 0.56x | $362.36 Million |
| Impulse Qingdao Health Tech Co Ltd (002899) | $1.70 Billion | 6.41% | 0.74x | $524.25 Million |
| China Bicycle Co Holdings Ltd (200017) | $-1.86 Billion | 0.00% | 0.00x | $51.61 Million |
About 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.