XiaMen HongXin Electron-tech Co Ltd (300657) - Net Assets
Based on the latest financial reports, XiaMen HongXin Electron-tech Co Ltd (300657) has net assets worth CN¥1.55 Billion CNY (≈ $227.34 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¥7.60 Billion ≈ $1.11 Billion USD) and total liabilities (CN¥6.04 Billion ≈ $884.33 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 XiaMen HongXin Electron-tech Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.55 Billion |
| % of Total Assets | 20.45% |
| Annual Growth Rate | 19.1% |
| 5-Year Change | -15.62% |
| 10-Year Change | 208.31% |
| Growth Volatility | 47.41 |
XiaMen HongXin Electron-tech Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how XiaMen HongXin Electron-tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore XiaMen HongXin Electron-tech Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for XiaMen HongXin Electron-tech Co Ltd (2011–2024)
The table below shows the annual net assets of XiaMen HongXin Electron-tech Co Ltd from 2011 to 2024. For live valuation and market cap data, see market value of XiaMen HongXin Electron-tech Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.41 Billion ≈ $205.93 Million |
-8.92% |
| 2023-12-31 | CN¥1.55 Billion ≈ $226.10 Million |
-24.80% |
| 2022-12-31 | CN¥2.05 Billion ≈ $300.65 Million |
+21.94% |
| 2021-12-31 | CN¥1.68 Billion ≈ $246.56 Million |
+1.02% |
| 2020-12-31 | CN¥1.67 Billion ≈ $244.07 Million |
+11.35% |
| 2019-12-31 | CN¥1.50 Billion ≈ $219.19 Million |
+155.33% |
| 2018-12-31 | CN¥586.65 Million ≈ $85.85 Million |
+14.19% |
| 2017-12-31 | CN¥513.74 Million ≈ $75.18 Million |
+4.32% |
| 2016-12-31 | CN¥492.46 Million ≈ $72.06 Million |
+7.89% |
| 2015-12-31 | CN¥456.45 Million ≈ $66.79 Million |
+8.64% |
| 2014-12-31 | CN¥420.16 Million ≈ $61.48 Million |
+20.72% |
| 2013-12-31 | CN¥348.05 Million ≈ $50.93 Million |
+106.51% |
| 2012-12-31 | CN¥168.54 Million ≈ $24.66 Million |
+16.20% |
| 2011-12-31 | CN¥145.05 Million ≈ $21.23 Million |
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Equity Component Analysis
This analysis shows how different components contribute to XiaMen HongXin Electron-tech 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 2393.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥488.41 Million | 42.42% |
| Other Components | CN¥1.20 Billion | 103.80% |
| Total Equity | CN¥1.15 Billion | 100.00% |
XiaMen HongXin Electron-tech Co Ltd Competitors by Market Cap
The table below lists competitors of XiaMen HongXin Electron-tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shanghai Phichem Material Co Ltd Class A
SHE:300398
|
$2.52 Billion |
|
LG Household & Healthcare
KO:051900
|
$2.52 Billion |
|
Leyard Optoelectronic
SHE:300296
|
$2.52 Billion |
|
California Water Service Group
NYSE:CWT
|
$2.52 Billion |
|
Dayamitra Telekomunikasi PT
JK:MTEL
|
$2.52 Billion |
|
Eutelsat Communications SA
PA:ETL
|
$2.52 Billion |
|
SIMS LTD. ADR
F:I8MA
|
$2.52 Billion |
|
Anadolu Efes Biracilik ve Malt Sanayi AS
IS:AEFES
|
$2.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in XiaMen HongXin Electron-tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,272,638,313 to 1,151,399,739, a change of -121,238,574 (-9.5%).
- Net income of 56,815,749 contributed positively to equity growth.
- Dividend payments of 42,634,638 reduced retained earnings.
- Other factors decreased equity by 135,419,685.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥56.82 Million | +4.93% |
| Dividends Paid | CN¥42.63 Million | -3.7% |
| Other Changes | CN¥-135.42 Million | -11.76% |
| Total Change | CN¥- | -9.53% |
Book Value vs Market Value Analysis
This analysis compares XiaMen HongXin Electron-tech 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: 14.70x
- 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 66.22x to 14.70x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.54 | CN¥35.76 | x |
| 2012-12-31 | CN¥0.63 | CN¥35.76 | x |
| 2013-12-31 | CN¥1.32 | CN¥35.76 | x |
| 2014-12-31 | CN¥1.88 | CN¥35.76 | x |
| 2015-12-31 | CN¥1.99 | CN¥35.76 | x |
| 2016-12-31 | CN¥1.79 | CN¥35.76 | x |
| 2017-12-31 | CN¥1.63 | CN¥35.76 | x |
| 2018-12-31 | CN¥2.91 | CN¥35.76 | x |
| 2019-12-31 | CN¥3.90 | CN¥35.76 | x |
| 2020-12-31 | CN¥3.84 | CN¥35.76 | x |
| 2021-12-31 | CN¥3.79 | CN¥35.76 | x |
| 2022-12-31 | CN¥3.70 | CN¥35.76 | x |
| 2023-12-31 | CN¥2.60 | CN¥35.76 | x |
| 2024-12-31 | CN¥2.43 | CN¥35.76 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently XiaMen HongXin Electron-tech 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): 4.93%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.97%
- • Asset Turnover: 0.89x
- • Equity Multiplier: 5.74x
- Recent ROE (4.93%) is below the historical average (5.86%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 14.31% | 9.82% | 0.67x | 2.18x | CN¥6.11 Million |
| 2012 | 19.95% | 8.70% | 0.80x | 2.87x | CN¥16.36 Million |
| 2013 | 20.30% | 10.45% | 0.90x | 2.16x | CN¥35.59 Million |
| 2014 | 21.38% | 11.86% | 0.80x | 2.24x | CN¥46.96 Million |
| 2015 | 8.06% | 3.72% | 0.75x | 2.88x | CN¥-8.38 Million |
| 2016 | 9.63% | 4.33% | 0.69x | 3.24x | CN¥-1.73 Million |
| 2017 | 14.19% | 4.92% | 0.88x | 3.26x | CN¥21.49 Million |
| 2018 | 19.77% | 5.24% | 0.93x | 4.05x | CN¥58.29 Million |
| 2019 | 12.75% | 7.33% | 0.70x | 2.48x | CN¥38.95 Million |
| 2020 | 5.68% | 3.39% | 0.57x | 2.95x | CN¥-67.89 Million |
| 2021 | -16.88% | -8.35% | 0.67x | 3.03x | CN¥-426.02 Million |
| 2022 | -17.84% | -11.02% | 0.56x | 2.89x | CN¥-480.08 Million |
| 2023 | -34.22% | -12.52% | 0.61x | 4.47x | CN¥-562.79 Million |
| 2024 | 4.93% | 0.97% | 0.89x | 5.74x | CN¥-58.32 Million |
Industry Comparison
This section compares XiaMen HongXin Electron-tech Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XiaMen HongXin Electron-tech Co Ltd (300657) | CN¥1.55 Billion | 14.31% | 3.89x | $2.52 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About XiaMen HongXin Electron-tech Co Ltd
Xiamen Hongxin Electronics Technology Group Inc. engages in the research, design, development, manufacture, and sale of flexible printed circuit board products in China. The company also offers AI computing power servers. In addition, it is involved in the AI computing power leasing business and the export of its products. The company was founded in 2003 and is based in Xiamen, China.