Beijing Hezong Science&Technology Co Ltd (300477) - Net Assets
Based on the latest financial reports, Beijing Hezong Science&Technology Co Ltd (300477) has net assets worth CN¥-935.09 Million CNY (≈ $-136.83 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¥4.20 Billion ≈ $614.02 Million USD) and total liabilities (CN¥5.13 Billion ≈ $750.85 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 300477 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¥-935.09 Million |
| % of Total Assets | -22.28% |
| Annual Growth Rate | N/A |
| 5-Year Change | -137.81% |
| 10-Year Change | -200.19% |
| Growth Volatility | 68.24 |
Beijing Hezong Science&Technology Co Ltd - Net Assets Trend (2005–2025)
This chart illustrates how Beijing Hezong Science&Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See 300477 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Beijing Hezong Science&Technology Co Ltd (2005–2025)
The table below shows the annual net assets of Beijing Hezong Science&Technology Co Ltd from 2005 to 2025. For live valuation and market cap data, see Beijing Hezong Science&Technology Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥-882.81 Million ≈ $-129.18 Million |
-232.14% |
| 2024-12-31 | CN¥668.08 Million ≈ $97.76 Million |
-71.08% |
| 2023-12-31 | CN¥2.31 Billion ≈ $338.02 Million |
-22.74% |
| 2022-12-31 | CN¥2.99 Billion ≈ $437.49 Million |
+28.05% |
| 2021-12-31 | CN¥2.33 Billion ≈ $341.65 Million |
+87.81% |
| 2020-12-31 | CN¥1.24 Billion ≈ $181.92 Million |
-38.01% |
| 2019-12-31 | CN¥2.01 Billion ≈ $293.44 Million |
+3.34% |
| 2018-12-31 | CN¥1.94 Billion ≈ $283.97 Million |
+0.81% |
| 2017-12-31 | CN¥1.92 Billion ≈ $281.68 Million |
+118.46% |
| 2016-12-31 | CN¥881.13 Million ≈ $128.94 Million |
+19.80% |
| 2015-12-31 | CN¥735.52 Million ≈ $107.63 Million |
+74.88% |
| 2014-12-31 | CN¥420.59 Million ≈ $61.55 Million |
+16.18% |
| 2013-12-31 | CN¥362.02 Million ≈ $52.97 Million |
+26.75% |
| 2012-12-31 | CN¥285.62 Million ≈ $41.80 Million |
+25.03% |
| 2011-12-31 | CN¥228.45 Million ≈ $33.43 Million |
+32.34% |
| 2010-12-31 | CN¥172.62 Million ≈ $25.26 Million |
+31.08% |
| 2009-12-31 | CN¥131.69 Million ≈ $19.27 Million |
+9.96% |
| 2008-12-31 | CN¥119.76 Million ≈ $17.53 Million |
+31.87% |
| 2007-12-31 | CN¥90.82 Million ≈ $13.29 Million |
+16.16% |
| 2006-12-31 | CN¥78.18 Million ≈ $11.44 Million |
+11.82% |
| 2005-12-31 | CN¥69.92 Million ≈ $10.23 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Beijing Hezong Science&Technology 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 14887.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.43 Billion | 2031.59% |
| Total Equity | CN¥119.75 Million | 100.00% |
Beijing Hezong Science&Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing Hezong Science&Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zhejiang Xinchai Co. Ltd.
SHE:301032
|
$362.38 Million |
|
IMC SA
WAR:IMC
|
$362.48 Million |
|
Bigcommerce Holdings Inc
NASDAQ:BIGC
|
$362.50 Million |
|
AVI Japan Opportunity Trust PLC
LSE:AJOT
|
$362.51 Million |
|
Tongxing Environmental Protection
SHE:003027
|
$362.30 Million |
|
Guangzhou Devotion Therm Tech
SHE:300335
|
$362.27 Million |
|
Xunlei Ltd Adr
NASDAQ:XNET
|
$362.22 Million |
|
Reckitt Benckiser Group PLC
LSE:RKT
|
$362.10 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Hezong Science&Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,121,343,835 to 119,753,905, a change of -1,001,589,930 (-89.3%).
- Net loss of 894,627,864 reduced equity.
- Dividend payments of 63,280,827 reduced retained earnings.
- Other comprehensive income increased equity by 261,625.
- Other factors decreased equity by 43,942,864.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-894.63 Million | -747.06% |
| Dividends Paid | CN¥63.28 Million | -52.84% |
| Other Comprehensive Income | CN¥261.62K | +0.22% |
| Other Changes | CN¥-43.94 Million | -36.69% |
| Total Change | CN¥- | -89.32% |
Book Value vs Market Value Analysis
This analysis compares Beijing Hezong Science&Technology 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: 20.68x
- 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 increased from 16.43x to 20.68x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-12-31 | CN¥0.14 | CN¥2.31 | x |
| 2006-12-31 | CN¥0.16 | CN¥2.31 | x |
| 2007-12-31 | CN¥0.18 | CN¥2.31 | x |
| 2008-12-31 | CN¥0.24 | CN¥2.31 | x |
| 2009-12-31 | CN¥0.25 | CN¥2.31 | x |
| 2010-12-31 | CN¥0.33 | CN¥2.31 | x |
| 2011-12-31 | CN¥0.43 | CN¥2.31 | x |
| 2012-12-31 | CN¥0.55 | CN¥2.31 | x |
| 2013-12-31 | CN¥0.69 | CN¥2.31 | x |
| 2014-12-31 | CN¥0.81 | CN¥2.31 | x |
| 2015-12-31 | CN¥1.23 | CN¥2.31 | x |
| 2016-12-31 | CN¥1.27 | CN¥2.31 | x |
| 2017-12-31 | CN¥2.51 | CN¥2.31 | x |
| 2018-12-31 | CN¥2.44 | CN¥2.31 | x |
| 2019-12-31 | CN¥2.51 | CN¥2.31 | x |
| 2020-12-31 | CN¥1.52 | CN¥2.31 | x |
| 2021-12-31 | CN¥2.42 | CN¥2.31 | x |
| 2022-12-31 | CN¥3.29 | CN¥2.31 | x |
| 2023-12-31 | CN¥1.71 | CN¥2.31 | x |
| 2024-12-31 | CN¥1.05 | CN¥2.31 | x |
| 2025-12-31 | CN¥0.11 | CN¥2.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Hezong Science&Technology 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): -747.06%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -53.79%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 35.19x
- Recent ROE (-747.06%) is below the historical average (-32.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 7.98% | 8.06% | 0.57x | 1.73x | CN¥-1.39 Million |
| 2006 | 10.61% | 10.27% | 0.60x | 1.72x | CN¥473.68K |
| 2007 | 13.17% | 11.81% | 0.68x | 1.65x | CN¥2.84 Million |
| 2008 | 12.83% | 11.46% | 0.68x | 1.65x | CN¥3.26 Million |
| 2009 | 22.43% | 13.74% | 0.87x | 1.88x | CN¥15.98 Million |
| 2010 | 24.13% | 15.42% | 0.79x | 1.97x | CN¥23.93 Million |
| 2011 | 24.51% | 15.30% | 0.80x | 2.00x | CN¥32.63 Million |
| 2012 | 24.65% | 13.46% | 0.83x | 2.21x | CN¥41.32 Million |
| 2013 | 21.35% | 10.72% | 0.88x | 2.27x | CN¥40.70 Million |
| 2014 | 18.03% | 8.26% | 0.92x | 2.38x | CN¥33.53 Million |
| 2015 | 11.94% | 7.83% | 0.71x | 2.13x | CN¥14.22 Million |
| 2016 | 9.99% | 6.96% | 0.63x | 2.29x | CN¥-110.90K |
| 2017 | 6.83% | 6.22% | 0.53x | 2.05x | CN¥-61.03 Million |
| 2018 | 2.63% | 2.54% | 0.43x | 2.41x | CN¥-142.96 Million |
| 2019 | 3.19% | 3.37% | 0.41x | 2.31x | CN¥-136.60 Million |
| 2020 | -62.36% | -59.70% | 0.31x | 3.34x | CN¥-900.25 Million |
| 2021 | 4.55% | 4.37% | 0.48x | 2.19x | CN¥-127.31 Million |
| 2022 | 0.30% | 0.24% | 0.41x | 3.07x | CN¥-229.69 Million |
| 2023 | -34.99% | -21.77% | 0.31x | 5.27x | CN¥-827.22 Million |
| 2024 | -56.29% | -23.82% | 0.49x | 4.83x | CN¥-743.38 Million |
| 2025 | -747.06% | -53.79% | 0.39x | 35.19x | CN¥-906.60 Million |
Industry Comparison
This section compares Beijing Hezong Science&Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $1,962,958,871
- Average return on equity (ROE) among peers: 10.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Hezong Science&Technology Co Ltd (300477) | CN¥-935.09 Million | 7.98% | N/A | $362.37 Million |
| XJ Electric Co Ltd (000400) | $769.50 Million | 13.66% | 0.29x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $656.70 Million | 10.00% | 3.24x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.39 Billion | 11.14% | 0.11x | $908.69 Million |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.52 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.57 Billion | 1.54% | 1.62x | $742.84 Million |
| Huagong Tech Co Ltd (000988) | $684.66 Million | 5.90% | 0.54x | $26.12 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.44 Billion |
| Sieyuan Electric Co Ltd (002028) | $10.67 Billion | 14.62% | 0.76x | $21.78 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $102.42 Million | 12.86% | 0.78x | $468.31 Million |
| Gotion High tech Co Ltd (002074) | $87.88 Million | 21.99% | 1.03x | $7.89 Billion |
About Beijing Hezong Science&Technology Co Ltd
Hezong Science&Technology Co., Ltd. engages in the research and development, manufacturing, and sales of power distribution systems in China and internationally. The company offers ring main units, pillar switches, high and low voltage switchgear, box-type substation, intelligent prefabricated cabin substation, energy storage equipment, distribution transformer, electric power automation, and com… Read more