HIT Welding Industry Co. Ltd. (301137) - Net Assets
Based on the latest financial reports, HIT Welding Industry Co. Ltd. (301137) has net assets worth CN¥1.46 Billion CNY (≈ $213.36 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¥2.42 Billion ≈ $353.67 Million USD) and total liabilities (CN¥958.85 Million ≈ $140.31 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 HIT Welding Industry Co. Ltd. (301137) liquid assets ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.46 Billion |
| % of Total Assets | 60.33% |
| Annual Growth Rate | 17.77% |
| 5-Year Change | 165.21% |
| 10-Year Change | N/A |
| Growth Volatility | 35.54 |
HIT Welding Industry Co. Ltd. - Net Assets Trend (2017–2024)
This chart illustrates how HIT Welding Industry Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore 301137 total asset value for the complete picture of this company's asset base.
Annual Net Assets for HIT Welding Industry Co. Ltd. (2017–2024)
The table below shows the annual net assets of HIT Welding Industry Co. Ltd. from 2017 to 2024. For live valuation and market cap data, see HIT Welding Industry Co. Ltd. market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.44 Billion ≈ $211.09 Million |
+7.69% |
| 2023-12-31 | CN¥1.34 Billion ≈ $196.01 Million |
+3.34% |
| 2022-12-31 | CN¥1.30 Billion ≈ $189.68 Million |
+107.97% |
| 2021-12-31 | CN¥623.29 Million ≈ $91.21 Million |
+14.59% |
| 2020-12-31 | CN¥543.92 Million ≈ $79.59 Million |
-0.52% |
| 2019-12-31 | CN¥546.77 Million ≈ $80.01 Million |
+7.21% |
| 2018-12-31 | CN¥509.99 Million ≈ $74.63 Million |
+11.11% |
| 2017-12-31 | CN¥458.99 Million ≈ $67.16 Million |
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Equity Component Analysis
This analysis shows how different components contribute to HIT Welding Industry 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 456.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥271.01 Million | 19.95% |
| Common Stock | CN¥181.81 Million | 13.38% |
| Other Comprehensive Income | CN¥65.69 Million | 4.84% |
| Other Components | CN¥840.11 Million | 61.84% |
| Total Equity | CN¥1.36 Billion | 100.00% |
HIT Welding Industry Co. Ltd. Competitors by Market Cap
The table below lists competitors of HIT Welding Industry Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
British American Tobacco PLC
LSE:BATS
|
$1.14 Billion |
|
Viet Capital Securities JSC
VN:VCI
|
$1.14 Billion |
|
Guangdong Hoshion Aluminium Co Ltd
SHE:002824
|
$1.14 Billion |
|
Lucky Harvest
SHE:002965
|
$1.14 Billion |
|
Three Squirrels
SHE:300783
|
$1.14 Billion |
|
Nanobiotix
NASDAQ:NBTX
|
$1.14 Billion |
|
Maas Group Holdings Ltd
AU:MGH
|
$1.14 Billion |
|
Orient Semiconductor Electronics Ltd
TW:2329
|
$1.14 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HIT Welding Industry Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,339,493,511 to 1,358,628,332, a change of 19,134,821 (1.4%).
- Net income of 40,483,614 contributed positively to equity growth.
- Dividend payments of 29,674,348 reduced retained earnings.
- Other comprehensive income increased equity by 3,011,501.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥40.48 Million | +2.98% |
| Dividends Paid | CN¥29.67 Million | -2.18% |
| Other Comprehensive Income | CN¥3.01 Million | +0.22% |
| Other Changes | CN¥5.31 Million | +0.39% |
| Total Change | CN¥- | 1.43% |
Book Value vs Market Value Analysis
This analysis compares HIT Welding Industry 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: 5.81x
- 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 12.65x to 5.81x 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¥3.39 | CN¥42.91 | x |
| 2018-12-31 | CN¥3.72 | CN¥42.91 | x |
| 2019-12-31 | CN¥3.01 | CN¥42.91 | x |
| 2020-12-31 | CN¥3.99 | CN¥42.91 | x |
| 2021-12-31 | CN¥3.43 | CN¥42.91 | x |
| 2022-12-31 | CN¥7.13 | CN¥42.91 | x |
| 2023-12-31 | CN¥7.39 | CN¥42.91 | x |
| 2024-12-31 | CN¥7.38 | CN¥42.91 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HIT Welding Industry 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): 2.98%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.57%
- • Asset Turnover: 0.65x
- • Equity Multiplier: 1.77x
- Recent ROE (2.98%) is below the historical average (9.18%), 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 | 9.73% | 5.12% | 1.01x | 1.88x | CN¥-1.24 Million |
| 2018 | 13.16% | 6.23% | 1.14x | 1.85x | CN¥16.13 Million |
| 2019 | 12.74% | 5.85% | 1.13x | 1.93x | CN¥14.98 Million |
| 2020 | 14.59% | 5.82% | 1.00x | 2.51x | CN¥24.94 Million |
| 2021 | 12.34% | 4.48% | 1.16x | 2.37x | CN¥14.59 Million |
| 2022 | 3.55% | 2.93% | 0.77x | 1.57x | CN¥-83.57 Million |
| 2023 | 4.33% | 3.67% | 0.76x | 1.54x | CN¥-75.96 Million |
| 2024 | 2.98% | 2.57% | 0.65x | 1.77x | CN¥-95.38 Million |
Industry Comparison
This section compares HIT Welding Industry Co. Ltd.'s net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HIT Welding Industry Co. Ltd. (301137) | CN¥1.46 Billion | 9.73% | 0.66x | $1.14 Billion |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About HIT Welding Industry Co. Ltd.
HIT Welding Industry Co.,Ltd engages in the research, development, production, and sales of fusion welding materials in China. It offers gas shielding and submerged arc welding wires; mobile rail flash welding machines; trackless autonomous crawling arc welding robot machines; quantong stainless steel and aluminum welding wires; and arc light electric welding electrodes. The company also provides… Read more