Shenzhen Honor Electronic Co Ltd (300870) - Net Assets

Latest as of March 2026: CN¥2.64 Billion CNY ≈ $386.78 Million USD

Based on the latest financial reports, Shenzhen Honor Electronic Co Ltd (300870) has net assets worth CN¥2.64 Billion CNY (≈ $386.78 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¥5.84 Billion ≈ $855.16 Million USD) and total liabilities (CN¥3.20 Billion ≈ $468.38 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 Shenzhen Honor Electronic Co Ltd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥2.64 Billion
% of Total Assets	45.23%
Annual Growth Rate	40.84%
5-Year Change	68.21%
10-Year Change	N/A
Growth Volatility	72.03

Shenzhen Honor Electronic Co Ltd - Net Assets Trend (2016–2025)

This chart illustrates how Shenzhen Honor Electronic Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Shenzhen Honor Electronic Co Ltd (300870) total market value.

Annual Net Assets for Shenzhen Honor Electronic Co Ltd (2016–2025)

The table below shows the annual net assets of Shenzhen Honor Electronic Co Ltd from 2016 to 2025. Also explore 300870 shareholders equity momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥2.65 Billion ≈ $387.41 Million	+21.99%
2024-12-31	CN¥2.17 Billion ≈ $317.57 Million	+16.91%
2023-12-31	CN¥1.86 Billion ≈ $271.64 Million	+14.01%
2022-12-31	CN¥1.63 Billion ≈ $238.26 Million	+3.45%
2021-12-31	CN¥1.57 Billion ≈ $230.31 Million	+4.99%
2020-12-31	CN¥1.50 Billion ≈ $219.36 Million	+224.15%
2019-12-31	CN¥462.45 Million ≈ $67.67 Million	+32.57%
2018-12-31	CN¥348.84 Million ≈ $51.05 Million	+20.26%
2017-12-31	CN¥290.08 Million ≈ $42.45 Million	+138.83%
2016-12-31	CN¥121.46 Million ≈ $17.77 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Honor Electronic 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 891.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.01 Billion	38.17%
Other Components	CN¥1.64 Billion	61.83%
Total Equity	CN¥2.65 Billion	100.00%

Shenzhen Honor Electronic Co Ltd Competitors by Market Cap

The table below lists competitors of Shenzhen Honor Electronic Co Ltd ranked by their market capitalization.

Company	Market Cap
Lancaster Colony Corporation NASDAQ:LANC	$4.76 Billion
Exchange Income Corporation TO:EIF	$4.76 Billion
Navin Fluorine International Limited NSE:NAVINFLUOR	$4.76 Billion
FLSmidth & Co. CO:FLS	$4.77 Billion
Grupo Simec SAB de CV ADR NYSE MKT:SIM	$4.76 Billion
Western Superconducting Tech Co Ltd SHG:688122	$4.76 Billion
Beijing Enlight Media SHE:300251	$4.76 Billion
Shanghai RAAS Blood Products Co Ltd Class A SHE:002252	$4.76 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenzhen Honor Electronic Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,170,660,904 to 2,646,868,669, a change of 476,207,765 (21.9%).
Net income of 244,002,491 contributed positively to equity growth.
Dividend payments of 119,294,876 reduced retained earnings.
Other comprehensive income decreased equity by 235,135,829.
Other factors increased equity by 586,635,979.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥244.00 Million	+9.22%
Dividends Paid	CN¥119.29 Million	-4.51%
Other Comprehensive Income	CN¥-235.14 Million	-8.88%
Other Changes	CN¥586.64 Million	+22.16%
Total Change	CN¥-	21.94%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Honor Electronic 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: 8.85x
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 133.23x to 8.85x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	CN¥1.60	CN¥213.20	x
2017-12-31	CN¥6.07	CN¥213.20	x
2018-12-31	CN¥4.59	CN¥213.20	x
2019-12-31	CN¥6.09	CN¥213.20	x
2020-12-31	CN¥17.78	CN¥213.20	x
2021-12-31	CN¥15.58	CN¥213.20	x
2022-12-31	CN¥16.02	CN¥213.20	x
2023-12-31	CN¥18.31	CN¥213.20	x
2024-12-31	CN¥21.79	CN¥213.20	x
2025-12-31	CN¥24.09	CN¥213.20	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Honor Electronic 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): 9.22%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.47%
• Asset Turnover: 0.82x
• Equity Multiplier: 2.05x
Recent ROE (9.22%) is below the historical average (15.26%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2016	41.46%	7.23%	1.54x	3.72x	CN¥38.21 Million
2017	12.35%	4.40%	1.31x	2.14x	CN¥6.81 Million
2018	16.79%	5.31%	1.36x	2.32x	CN¥23.68 Million
2019	24.32%	8.57%	1.29x	2.20x	CN¥66.21 Million
2020	12.94%	9.31%	0.83x	1.68x	CN¥44.05 Million
2021	7.06%	4.32%	0.70x	2.33x	CN¥-46.30 Million
2022	5.56%	3.35%	0.81x	2.06x	CN¥-72.33 Million
2023	10.54%	6.82%	0.77x	2.02x	CN¥10.00 Million
2024	12.35%	7.06%	0.71x	2.45x	CN¥50.92 Million
2025	9.22%	5.47%	0.82x	2.05x	CN¥-20.68 Million

Industry Comparison

This section compares Shenzhen Honor Electronic 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: $3,245,673,029
Average return on equity (ROE) among peers: 12.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Honor Electronic Co Ltd (300870)	CN¥2.64 Billion	41.46%	1.21x	$4.76 Billion
XJ Electric Co Ltd (000400)	$6.23 Billion	17.04%	0.73x	$3.04 Billion
Guangdong Macro Co Ltd (000533)	$1.02 Billion	6.87%	1.16x	$1.14 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$536.10 Million	17.67%	0.27x	$885.25 Million
Dongfang Electronics Co Ltd (000682)	$1.57 Billion	1.57%	0.53x	$2.10 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$557.50 Million	13.45%	0.65x	$744.67 Million
Huagong Tech Co Ltd (000988)	$9.37 Billion	10.74%	0.86x	$15.86 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.38 Billion	9.72%	0.89x	$1.32 Billion
Sieyuan Electric Co Ltd (002028)	$3.44 Billion	10.09%	0.46x	$15.80 Billion
Shanghai Welltech Automation Co Ltd (002058)	$88.12 Million	23.77%	0.92x	$353.70 Million
Gotion High tech Co Ltd (002074)	$8.26 Billion	10.15%	1.07x	$6.94 Billion

About Shenzhen Honor Electronic Co Ltd

SHE:300870 China Electrical Equipment & Parts

Market Cap

$4.76 Billion

CN¥32.54 Billion CNY

Market Cap Rank

#3693 Global

#516 in China

Share Price

CN¥213.20

Change (1 day)

+5.69%

52-Week Range

CN¥167.10 - CN¥440.00

All Time High

CN¥440.00