Zhejiang Hengwei Battery Co. Ltd. (301222) - Net Assets
Based on the latest financial reports, Zhejiang Hengwei Battery Co. Ltd. (301222) has net assets worth CN¥1.42 Billion CNY (≈ $208.05 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¥1.54 Billion ≈ $225.07 Million USD) and total liabilities (CN¥116.29 Million ≈ $17.02 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 301222 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.42 Billion |
| % of Total Assets | 92.44% |
| Annual Growth Rate | 36.1% |
| 5-Year Change | 304.08% |
| 10-Year Change | N/A |
| Growth Volatility | 69.5 |
Zhejiang Hengwei Battery Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Zhejiang Hengwei Battery Co. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore 301222 asset base for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Hengwei Battery Co. Ltd. (2019–2024)
The table below shows the annual net assets of Zhejiang Hengwei Battery Co. Ltd. from 2019 to 2024. For live valuation and market cap data, see 301222 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.42 Billion ≈ $207.59 Million |
+6.47% |
| 2023-12-31 | CN¥1.33 Billion ≈ $194.97 Million |
+5.74% |
| 2022-12-31 | CN¥1.26 Billion ≈ $184.39 Million |
+186.14% |
| 2021-12-31 | CN¥440.36 Million ≈ $64.44 Million |
+25.43% |
| 2020-12-31 | CN¥351.08 Million ≈ $51.37 Million |
+15.65% |
| 2019-12-31 | CN¥303.58 Million ≈ $44.42 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Hengwei Battery 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 516.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥379.32 Million | 26.74% |
| Other Components | CN¥1.04 Billion | 73.26% |
| Total Equity | CN¥1.42 Billion | 100.00% |
Zhejiang Hengwei Battery Co. Ltd. Competitors by Market Cap
The table below lists competitors of Zhejiang Hengwei Battery Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Studio Dragon Corporation
KQ:253450
|
$709.90 Million |
|
LSI Industries Inc
NASDAQ:LYTS
|
$710.16 Million |
|
BIOCYTOGEN PHARMA. H YC1
F:I54
|
$710.19 Million |
|
Shenandoah Telecommunications Co
NASDAQ:SHEN
|
$710.38 Million |
|
Jiangsu United Water Technology Co. Ltd. Cl A
SHG:603291
|
$709.72 Million |
|
NICE Information Service Co. Ltd
KQ:030190
|
$709.61 Million |
|
Shanghai Baosight Software Co Ltd B
SHG:900926
|
$709.37 Million |
|
Sporton International
TWO:6146
|
$709.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Hengwei Battery Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,332,393,731 to 1,418,648,537, a change of 86,254,805 (6.5%).
- Net income of 129,671,758 contributed positively to equity growth.
- Dividend payments of 30,262,020 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥129.67 Million | +9.14% |
| Dividends Paid | CN¥30.26 Million | -2.13% |
| Other Changes | CN¥-13.15 Million | -0.93% |
| Total Change | CN¥- | 6.47% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Hengwei Battery 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: 3.46x
- 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 11.95x to 3.46x 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¥4.05 | CN¥48.39 | x |
| 2020-12-31 | CN¥4.62 | CN¥48.39 | x |
| 2021-12-31 | CN¥5.79 | CN¥48.39 | x |
| 2022-12-31 | CN¥12.43 | CN¥48.39 | x |
| 2023-12-31 | CN¥13.15 | CN¥48.39 | x |
| 2024-12-31 | CN¥14.00 | CN¥48.39 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Hengwei Battery 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): 9.14%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 18.47%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.06x
- Recent ROE (9.14%) is below the historical average (16.17%), 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 | 21.36% | 20.14% | 0.91x | 1.17x | CN¥34.49 Million |
| 2020 | 27.30% | 19.73% | 1.16x | 1.19x | CN¥60.73 Million |
| 2021 | 20.36% | 16.40% | 1.10x | 1.13x | CN¥45.64 Million |
| 2022 | 9.74% | 21.15% | 0.44x | 1.06x | CN¥-3.28 Million |
| 2023 | 9.13% | 20.69% | 0.42x | 1.05x | CN¥-11.58 Million |
| 2024 | 9.14% | 18.47% | 0.47x | 1.06x | CN¥-12.19 Million |
Industry Comparison
This section compares Zhejiang Hengwei Battery 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 |
|---|---|---|---|---|
| Zhejiang Hengwei Battery Co. Ltd. (301222) | CN¥1.42 Billion | 21.36% | 0.08x | $709.81 Million |
| 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 Zhejiang Hengwei Battery Co. Ltd.
Zhejiang Hengwei Battery Co., Ltd. engages in the research, development, production, and sale of battery products in China and internationally. The company offers LR03, LR6, LR14, LR20 and 6LR61 series alkaline batteries; and R03, R6, R14, R20, and 6F22 series carbon batteries. Its products are used for small household appliances, consumer appliances, wireless security equipment, smart home produ… Read more