Hengerda New Materials (Fujian) Co. Ltd. (300946) - Net Assets
Based on the latest financial reports, Hengerda New Materials (Fujian) Co. Ltd. (300946) has net assets worth CN¥1.21 Billion CNY (≈ $176.85 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.65 Billion ≈ $240.75 Million USD) and total liabilities (CN¥436.68 Million ≈ $63.90 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 Hengerda New Materials (Fujian) Co. Ltd. cash conversion from operations to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.21 Billion |
| % of Total Assets | 73.46% |
| Annual Growth Rate | 25.38% |
| 5-Year Change | 149.11% |
| 10-Year Change | N/A |
| Growth Volatility | 40.25 |
Hengerda New Materials (Fujian) Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Hengerda New Materials (Fujian) Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore 300946 asset base for the complete picture of this company's asset base.
Annual Net Assets for Hengerda New Materials (Fujian) Co. Ltd. (2019–2024)
The table below shows the annual net assets of Hengerda New Materials (Fujian) Co. Ltd. from 2019 to 2024. For live valuation and market cap data, see how much is Hengerda New Materials (Fujian) Co. Ltd. worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.18 Billion ≈ $172.75 Million |
+5.32% |
| 2023-12-31 | CN¥1.12 Billion ≈ $164.03 Million |
+5.65% |
| 2022-12-31 | CN¥1.06 Billion ≈ $155.25 Million |
+6.83% |
| 2021-12-31 | CN¥993.15 Million ≈ $145.33 Million |
+109.56% |
| 2020-12-31 | CN¥473.92 Million ≈ $69.35 Million |
+24.43% |
| 2019-12-31 | CN¥380.88 Million ≈ $55.73 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hengerda New Materials (Fujian) 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 326.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥407.54 Million | 34.54% |
| Other Components | CN¥772.25 Million | 65.46% |
| Total Equity | CN¥1.18 Billion | 100.00% |
Hengerda New Materials (Fujian) Co. Ltd. Competitors by Market Cap
The table below lists competitors of Hengerda New Materials (Fujian) Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hangzhou Raycloud Technology Co Ltd
SHG:688365
|
$1.14 Billion |
|
CHIPMOS TECH.ADR 20 TA10
F:CPIA
|
$1.14 Billion |
|
Medplus Health Services Limited
NSE:MEDPLUS
|
$1.14 Billion |
|
TheRealReal Inc
NASDAQ:REAL
|
$1.14 Billion |
|
IRSA Inversiones Y Representaciones
NYSE:IRS
|
$1.14 Billion |
|
Ujjivan Small Finance Bank Limited
NSE:UJJIVANSFB
|
$1.14 Billion |
|
Zhejiang Truelove Vogue Co Ltd
SHE:003041
|
$1.14 Billion |
|
Shandong Denghai Seeds Co Ltd
SHE:002041
|
$1.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hengerda New Materials (Fujian) Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,120,076,161 to 1,179,787,118, a change of 59,710,957 (5.3%).
- Net income of 87,312,337 contributed positively to equity growth.
- Dividend payments of 30,554,017 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥87.31 Million | +7.4% |
| Dividends Paid | CN¥30.55 Million | -2.59% |
| Other Changes | CN¥2.95 Million | +0.25% |
| Total Change | CN¥- | 5.33% |
Book Value vs Market Value Analysis
This analysis compares Hengerda New Materials (Fujian) 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: 5.10x
- 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 11.84x to 5.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥4.23 | CN¥50.11 | x |
| 2020-12-31 | CN¥5.27 | CN¥50.11 | x |
| 2021-12-31 | CN¥6.37 | CN¥50.11 | x |
| 2022-12-31 | CN¥6.80 | CN¥50.11 | x |
| 2023-12-31 | CN¥7.18 | CN¥50.11 | x |
| 2024-12-31 | CN¥9.83 | CN¥50.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hengerda New Materials (Fujian) 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): 7.40%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.92%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 1.26x
- Recent ROE (7.40%) is below the historical average (12.26%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 18.91% | 19.11% | 0.74x | 1.34x | CN¥33.92 Million |
| 2020 | 19.63% | 24.46% | 0.61x | 1.31x | CN¥45.65 Million |
| 2021 | 10.84% | 23.65% | 0.40x | 1.16x | CN¥8.39 Million |
| 2022 | 8.98% | 19.72% | 0.39x | 1.16x | CN¥-10.80 Million |
| 2023 | 7.79% | 16.09% | 0.37x | 1.30x | CN¥-24.72 Million |
| 2024 | 7.40% | 14.92% | 0.39x | 1.26x | CN¥-30.67 Million |
Industry Comparison
This section compares Hengerda New Materials (Fujian) Co. Ltd.'s net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $8,635,242,153
- Average return on equity (ROE) among peers: 6.96%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hengerda New Materials (Fujian) Co. Ltd. (300946) | CN¥1.21 Billion | 18.91% | 0.36x | $1.14 Billion |
| China International Marine Containers Group Ltd (000039) | $63.51 Billion | 0.35% | 1.64x | $3.48 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $185.80 Million | 14.21% | 4.20x | $325.72 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $1.36 Billion | 2.04% | 0.54x | $376.63 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $3.08 Billion | 6.48% | 0.54x | $1.09 Billion |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $2.93 Billion | 6.91% | 0.38x | $1.47 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $1.38 Billion | 4.44% | 0.48x | $1.72 Billion |
| Dajin Heavy Industry Corp (002487) | $3.00 Billion | 19.25% | 1.22x | $6.97 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $1.02 Billion | 4.60% | 0.38x | $507.85 Million |
| Guangzheng Group Co Ltd (002524) | $285.90 Million | 3.24% | 4.42x | $291.08 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $9.61 Billion | 8.03% | 1.63x | $1.86 Billion |
About Hengerda New Materials (Fujian) Co. Ltd.
Hengerda New Materials (Fujian) Co., Ltd. engages in the research and development, production, and sale of metal cutting tools, intelligent numerical control equipment, and high precision rolling functional components in China and internationally. It offers die cutting tools, including rule die steel and steel rules; sawing tools comprising bi-metal, carbide, and wood working band saw blades; and… Read more