Zhejiang Hongchang Electrical Technology Co. Ltd. (301008) - Net Assets
Based on the latest financial reports, Zhejiang Hongchang Electrical Technology Co. Ltd. (301008) has net assets worth CN¥1.50 Billion CNY (≈ $219.46 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¥2.19 Billion ≈ $321.07 Million USD) and total liabilities (CN¥694.38 Million ≈ $101.61 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 how resilient are Zhejiang Hongchang Electrical Technology's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.50 Billion |
| % of Total Assets | 68.35% |
| Annual Growth Rate | 28.09% |
| 5-Year Change | 195.66% |
| 10-Year Change | N/A |
| Growth Volatility | 48.51 |
Zhejiang Hongchang Electrical Technology Co. Ltd. - Net Assets Trend (2017–2024)
This chart illustrates how Zhejiang Hongchang Electrical Technology Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Zhejiang Hongchang Electrical Technology for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Hongchang Electrical Technology Co. Ltd. (2017–2024)
The table below shows the annual net assets of Zhejiang Hongchang Electrical Technology Co. Ltd. from 2017 to 2024. For live valuation and market cap data, see Zhejiang Hongchang Electrical Technology (301008) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.13 Billion ≈ $165.41 Million |
-0.57% |
| 2023-12-31 | CN¥1.14 Billion ≈ $166.37 Million |
+10.49% |
| 2022-12-31 | CN¥1.03 Billion ≈ $150.57 Million |
+7.23% |
| 2021-12-31 | CN¥959.58 Million ≈ $140.42 Million |
+150.98% |
| 2020-12-31 | CN¥382.33 Million ≈ $55.95 Million |
+21.32% |
| 2019-12-31 | CN¥315.15 Million ≈ $46.12 Million |
+28.83% |
| 2018-12-31 | CN¥244.63 Million ≈ $35.80 Million |
+22.44% |
| 2017-12-31 | CN¥199.79 Million ≈ $29.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Hongchang Electrical 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 78.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥244.13 Million | 21.71% |
| Common Stock | CN¥111.93 Million | 9.96% |
| Other Comprehensive Income | CN¥98.60 Million | 8.77% |
| Other Components | CN¥669.65 Million | 59.56% |
| Total Equity | CN¥1.12 Billion | 100.00% |
Zhejiang Hongchang Electrical Technology Co. Ltd. Competitors by Market Cap
The table below lists competitors of Zhejiang Hongchang Electrical Technology Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Selamat Sempurna Tbk
JK:SMSM
|
$607.38 Million |
|
Beijing Jingyeda Technology Co Ltd
SHE:003005
|
$607.44 Million |
|
Valor Estate Limited
NSE:DBREALTY
|
$607.53 Million |
|
Shanghai Yanhua Smartech Group
SHE:002178
|
$607.55 Million |
|
Mitek Systems Inc
NASDAQ:MITK
|
$607.24 Million |
|
Shenzhen Sinovatio Technology Co Ltd Class A
SHE:002912
|
$607.17 Million |
|
Shinkong Textile Co Ltd
TW:1419
|
$607.14 Million |
|
Fireweed Zinc Ltd
V:FWZ
|
$607.08 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Hongchang Electrical Technology Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,133,923,920 to 1,124,313,791, a change of -9,610,129 (-0.8%).
- Net income of 52,465,734 contributed positively to equity growth.
- Dividend payments of 50,766,943 reduced retained earnings.
- Share repurchases of 24,768,168 reduced equity.
- Other comprehensive income increased equity by 98,603,556.
- Other factors decreased equity by 85,144,308.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥52.47 Million | +4.67% |
| Dividends Paid | CN¥50.77 Million | -4.52% |
| Share Repurchases | CN¥24.77 Million | -2.2% |
| Other Comprehensive Income | CN¥98.60 Million | +8.77% |
| Other Changes | CN¥-85.14 Million | -7.57% |
| Total Change | CN¥- | -0.85% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Hongchang Electrical 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: 3.15x
- 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 17.77x to 3.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.78 | CN¥31.69 | x |
| 2018-12-31 | CN¥2.18 | CN¥31.69 | x |
| 2019-12-31 | CN¥3.94 | CN¥31.69 | x |
| 2020-12-31 | CN¥4.78 | CN¥31.69 | x |
| 2021-12-31 | CN¥11.96 | CN¥31.69 | x |
| 2022-12-31 | CN¥12.83 | CN¥31.69 | x |
| 2023-12-31 | CN¥13.84 | CN¥31.69 | x |
| 2024-12-31 | CN¥10.07 | CN¥31.69 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Hongchang Electrical 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): 4.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.11%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.82x
- Recent ROE (4.67%) is below the historical average (11.47%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 12.42% | 7.85% | 0.67x | 2.35x | CN¥4.83 Million |
| 2018 | 10.27% | 6.53% | 0.83x | 1.89x | CN¥669.75K |
| 2019 | 21.74% | 13.54% | 0.85x | 1.89x | CN¥37.00 Million |
| 2020 | 21.42% | 14.20% | 0.83x | 1.81x | CN¥43.67 Million |
| 2021 | 7.11% | 8.86% | 0.56x | 1.44x | CN¥-27.67 Million |
| 2022 | 6.56% | 8.14% | 0.55x | 1.47x | CN¥-35.35 Million |
| 2023 | 7.58% | 9.71% | 0.44x | 1.78x | CN¥-27.48 Million |
| 2024 | 4.67% | 5.11% | 0.50x | 1.82x | CN¥-59.97 Million |
Industry Comparison
This section compares Zhejiang Hongchang Electrical Technology 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 |
|---|---|---|---|---|
| Zhejiang Hongchang Electrical Technology Co. Ltd. (301008) | CN¥1.50 Billion | 12.42% | 0.46x | $607.31 Million |
| 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 Zhejiang Hongchang Electrical Technology Co. Ltd.
Zhejiang Hongchang Electrical Technology Co., Ltd. engages in research, development, production, and sale of fluid solenoid valves, sensors, and other electrical accessories in China. The company offers valves for washing machines, dishwashers, smart toilets, water purifiers; and machine water level sensor. It also offers door lock for washing machine; high and low pressure switch for water purif… Read more