Hangzhou Chang Chuan Technology Co Ltd (300604) - Net Assets
Based on the latest financial reports, Hangzhou Chang Chuan Technology Co Ltd (300604) has net assets worth CN¥4.68 Billion CNY (≈ $685.25 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.60 Billion ≈ $1.41 Billion USD) and total liabilities (CN¥4.92 Billion ≈ $719.95 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. Explore cash efficiency ratio of Hangzhou Chang Chuan Technology Co Ltd to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.68 Billion |
| % of Total Assets | 48.77% |
| Annual Growth Rate | 49.31% |
| 5-Year Change | 186.24% |
| 10-Year Change | 1897.67% |
| Growth Volatility | 50.7 |
Hangzhou Chang Chuan Technology Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Hangzhou Chang Chuan Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300604 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Hangzhou Chang Chuan Technology Co Ltd (2012–2024)
The table below shows the annual net assets of Hangzhou Chang Chuan Technology Co Ltd from 2012 to 2024. For live valuation and market cap data, see 300604 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.65 Billion ≈ $533.62 Million |
+5.08% |
| 2023-12-31 | CN¥3.47 Billion ≈ $507.82 Million |
+21.65% |
| 2022-12-31 | CN¥2.85 Billion ≈ $417.44 Million |
+22.79% |
| 2021-12-31 | CN¥2.32 Billion ≈ $339.95 Million |
+82.36% |
| 2020-12-31 | CN¥1.27 Billion ≈ $186.42 Million |
+27.83% |
| 2019-12-31 | CN¥996.57 Million ≈ $145.83 Million |
+111.78% |
| 2018-12-31 | CN¥470.56 Million ≈ $68.86 Million |
+12.23% |
| 2017-12-31 | CN¥419.28 Million ≈ $61.35 Million |
+87.21% |
| 2016-12-31 | CN¥223.96 Million ≈ $32.77 Million |
+22.69% |
| 2015-12-31 | CN¥182.54 Million ≈ $26.71 Million |
+185.75% |
| 2014-12-31 | CN¥63.88 Million ≈ $9.35 Million |
+61.24% |
| 2013-12-31 | CN¥39.62 Million ≈ $5.80 Million |
+33.41% |
| 2012-12-31 | CN¥29.70 Million ≈ $4.35 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Chang Chuan 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 grown by 6924.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.05 Billion | 31.84% |
| Common Stock | CN¥625.14 Million | 18.98% |
| Other Components | CN¥1.62 Billion | 49.18% |
| Total Equity | CN¥3.29 Billion | 100.00% |
Hangzhou Chang Chuan Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Hangzhou Chang Chuan Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MTN Group Ltd
JSE:MTN
|
$20.46 Billion |
|
Telefonica Brasil SA ADR
NYSE:VIV
|
$20.48 Billion |
|
Expeditors International of Washington, Inc.
NYSE:EXPD
|
$20.49 Billion |
|
Hanmi Semicon
KO:042700
|
$20.51 Billion |
|
Roivant Sciences Ltd
NASDAQ:ROIV
|
$20.44 Billion |
|
Principal Financial Group Inc
NASDAQ:PFG
|
$20.43 Billion |
|
FUJIFILM HDGS CORP. ADR 1
F:FJIA
|
$20.40 Billion |
|
SAIC Motor Corp Ltd
SHG:600104
|
$20.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Chang Chuan Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,878,612,814 to 3,293,568,016, a change of 414,955,202 (14.4%).
- Net income of 458,433,346 contributed positively to equity growth.
- Dividend payments of 97,156,294 reduced retained earnings.
- Other comprehensive income decreased equity by 332,440,459.
- Other factors increased equity by 386,118,609.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥458.43 Million | +13.92% |
| Dividends Paid | CN¥97.16 Million | -2.95% |
| Other Comprehensive Income | CN¥-332.44 Million | -10.09% |
| Other Changes | CN¥386.12 Million | +11.72% |
| Total Change | CN¥- | 14.42% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Chang Chuan 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: 42.57x
- 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 2262.63x to 42.57x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.10 | CN¥220.20 | x |
| 2013-12-31 | CN¥0.13 | CN¥220.20 | x |
| 2014-12-31 | CN¥0.21 | CN¥220.20 | x |
| 2015-12-31 | CN¥0.60 | CN¥220.20 | x |
| 2016-12-31 | CN¥0.57 | CN¥220.20 | x |
| 2017-12-31 | CN¥0.88 | CN¥220.20 | x |
| 2018-12-31 | CN¥0.88 | CN¥220.20 | x |
| 2019-12-31 | CN¥1.18 | CN¥220.20 | x |
| 2020-12-31 | CN¥1.86 | CN¥220.20 | x |
| 2021-12-31 | CN¥2.92 | CN¥220.20 | x |
| 2022-12-31 | CN¥3.70 | CN¥220.20 | x |
| 2023-12-31 | CN¥4.46 | CN¥220.20 | x |
| 2024-12-31 | CN¥5.17 | CN¥220.20 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Chang Chuan 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): 13.92%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.59%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.20x
- Recent ROE (13.92%) is below the historical average (14.46%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 15.97% | 23.86% | 0.52x | 1.30x | CN¥1.77 Million |
| 2013 | 25.05% | 22.86% | 0.74x | 1.48x | CN¥5.96 Million |
| 2014 | 37.98% | 31.00% | 0.79x | 1.56x | CN¥17.87 Million |
| 2015 | 13.65% | 24.53% | 0.47x | 1.19x | CN¥6.66 Million |
| 2016 | 18.49% | 33.36% | 0.45x | 1.24x | CN¥19.02 Million |
| 2017 | 11.99% | 27.95% | 0.33x | 1.29x | CN¥8.32 Million |
| 2018 | 7.75% | 16.88% | 0.32x | 1.44x | CN¥-10.59 Million |
| 2019 | 1.20% | 2.99% | 0.30x | 1.33x | CN¥-87.72 Million |
| 2020 | 7.78% | 10.56% | 0.43x | 1.71x | CN¥-24.19 Million |
| 2021 | 12.34% | 14.44% | 0.46x | 1.88x | CN¥41.45 Million |
| 2022 | 20.25% | 17.90% | 0.55x | 2.06x | CN¥233.49 Million |
| 2023 | 1.57% | 2.54% | 0.30x | 2.05x | CN¥-242.70 Million |
| 2024 | 13.92% | 12.59% | 0.50x | 2.20x | CN¥129.08 Million |
Industry Comparison
This section compares Hangzhou Chang Chuan Technology Co Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $13,901,122,096
- Average return on equity (ROE) among peers: -1.21%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Chang Chuan Technology Co Ltd (300604) | CN¥4.68 Billion | 15.97% | 1.05x | $20.44 Billion |
| TCL Corp (000100) | $45.75 Billion | 3.50% | 2.22x | $14.25 Billion |
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | $46.47 Billion | -21.13% | 1.70x | $5.87 Billion |
| TongFu Microelectronics Co Ltd (002156) | $10.01 Billion | 3.38% | 1.12x | $15.86 Billion |
| Tianshui Huatian Technology Co Ltd (002185) | $1.02 Billion | 10.99% | 0.71x | $9.63 Billion |
| NAURA Technology Group Co Ltd (002371) | $32.23 Billion | 17.44% | 1.04x | $69.45 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $1.35 Billion | 6.69% | 0.27x | $8.25 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $226.40 Million | 11.33% | 0.93x | $475.09 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $43.88 Million | -13.90% | 0.55x | $832.67 Million |
| Hubei Tech Semiconductors Co (300046) | $612.05 Million | -35.95% | 0.32x | $1.21 Billion |
| Shanghai Sinyang Semiconductor (300236) | $1.30 Billion | 5.55% | 0.16x | $4.49 Billion |
About Hangzhou Chang Chuan Technology Co Ltd
Hangzhou Changchuan Technology Co.,Ltd, together with its subsidiaries, researches and develops, produces, and sells integrated circuit equipment and high-frequency communication materials in China and internationally. The company offers testing equipment for integrated circuit packaging and testing companies, wafer manufacturing companies, and chip design companies, etc. It also provides handler… Read more