Shenzhen Honor Electronic Co Ltd (300870) - Net Assets
Based on the latest financial reports, Shenzhen Honor Electronic Co Ltd (300870) has net assets worth CN¥2.68 Billion CNY (≈ $392.50 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¥5.61 Billion ≈ $821.04 Million USD) and total liabilities (CN¥2.93 Billion ≈ $428.54 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 liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.68 Billion |
| % of Total Assets | 47.8% |
| Annual Growth Rate | 43.39% |
| 5-Year Change | 44.77% |
| 10-Year Change | N/A |
| Growth Volatility | 75.51 |
Shenzhen Honor Electronic Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Shenzhen Honor Electronic Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 300870 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Honor Electronic Co Ltd (2016–2024)
The table below shows the annual net assets of Shenzhen Honor Electronic Co Ltd from 2016 to 2024. For live valuation and market cap data, see Shenzhen Honor Electronic Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.17 Billion ≈ $317.57 Million |
+16.91% |
| 2023-12-31 | CN¥1.86 Billion ≈ $271.64 Million |
+14.03% |
| 2022-12-31 | CN¥1.63 Billion ≈ $238.22 Million |
+3.43% |
| 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 |
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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 761.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥877.87 Million | 40.44% |
| Common Stock | CN¥101.20 Million | 4.66% |
| Other Comprehensive Income | CN¥235.14 Million | 10.83% |
| Other Components | CN¥956.46 Million | 44.06% |
| Total Equity | CN¥2.17 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 |
|---|---|
|
Covivio SA
PA:COV
|
$6.50 Billion |
|
Samsung Securities
KO:016360
|
$6.51 Billion |
|
Hedef Holdings AS
IS:HEDEF
|
$6.51 Billion |
|
Huali Industrial Group Company Limited
SHE:300979
|
$6.51 Billion |
|
FRAPORT AG ADR 2/1 O.N.
F:FRAS
|
$6.49 Billion |
|
Shenergy Co Ltd
SHG:600642
|
$6.49 Billion |
|
Fraport AG
XETRA:FRA
|
$6.48 Billion |
|
IDFC First Bank Limited
NSE:IDFCFIRSTB
|
$6.48 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 2023 to 2024, total equity changed from 1,857,283,741 to 2,170,660,904, a change of 313,377,163 (16.9%).
- Net income of 267,988,611 contributed positively to equity growth.
- Dividend payments of 79,613,874 reduced retained earnings.
- Other comprehensive income increased equity by 231,357,816.
- Other factors decreased equity by 106,355,390.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥267.99 Million | +12.35% |
| Dividends Paid | CN¥79.61 Million | -3.67% |
| Other Comprehensive Income | CN¥231.36 Million | +10.66% |
| Other Changes | CN¥-106.36 Million | -4.9% |
| Total Change | CN¥- | 16.87% |
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: 18.54x
- 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 252.47x to 18.54x 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¥404.00 | x |
| 2017-12-31 | CN¥3.82 | CN¥404.00 | x |
| 2018-12-31 | CN¥4.59 | CN¥404.00 | x |
| 2019-12-31 | CN¥4.57 | CN¥404.00 | x |
| 2020-12-31 | CN¥14.81 | CN¥404.00 | x |
| 2021-12-31 | CN¥15.55 | CN¥404.00 | x |
| 2022-12-31 | CN¥15.99 | CN¥404.00 | x |
| 2023-12-31 | CN¥18.31 | CN¥404.00 | x |
| 2024-12-31 | CN¥21.79 | CN¥404.00 | 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): 12.35%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.06%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.45x
- Recent ROE (12.35%) is below the historical average (15.93%), 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% | 0.85x | 1.64x | CN¥44.05 Million |
| 2021 | 7.06% | 4.32% | 0.70x | 2.33x | CN¥-46.30 Million |
| 2022 | 5.56% | 3.35% | 0.81x | 2.05x | CN¥-72.30 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 |
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: $1,102,466,364
- Average return on equity (ROE) among peers: 12.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Honor Electronic Co Ltd (300870) | CN¥2.68 Billion | 41.46% | 1.09x | $6.49 Billion |
| XJ Electric Co Ltd (000400) | $2.06 Billion | 5.67% | 0.94x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $868.77 Million | 22.25% | 1.96x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.19 Billion | 10.32% | 0.10x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.41 Billion | 1.38% | 0.23x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $881.96 Million | 3.88% | 5.40x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $728.66 Million | 5.17% | 0.60x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $218.98 Million | 10.86% | 0.64x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $1.11 Billion | 22.54% | 1.37x | $9.75 Billion |
About Shenzhen Honor Electronic Co Ltd
Shenzhen Honor Electronic Co., Ltd. engages in research and development, production, and sale of switching power supply products in China and internationally. The company offers data center power supply, consumer power supplies, industrial power supply, power battery charger, electric vehicle chargers, rail-mounted photovoltaic power supplies, and intelligent controllers. It also provides power a… Read more