Hengong Precision Equipment Co Ltd
Hengong Precision Equipment Co., Ltd. engages in the research and development, production and processing, and sales services of new fluid technology materials in China and internationally. The company manufactures and sells continuous cast iron products, precision machine parts, hydraulic and pneumatic fluid machinery, plastic machinery, vacuum pumps, pumps, expansion engines, screw air compresso… Read more
Hengong Precision Equipment Co Ltd (301261) - Net Assets
Latest net assets as of June 2025: CN¥1.56 Billion CNY
Based on the latest financial reports, Hengong Precision Equipment Co Ltd (301261) has net assets worth CN¥1.56 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.75 Billion) and total liabilities (CN¥1.19 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.56 Billion |
| % of Total Assets | 56.73% |
| Annual Growth Rate | 38.09% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 54.64 |
Hengong Precision Equipment Co Ltd - Net Assets Trend (2021–2024)
This chart illustrates how Hengong Precision Equipment Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hengong Precision Equipment Co Ltd (2021–2024)
The table below shows the annual net assets of Hengong Precision Equipment Co Ltd from 2021 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.52 Billion | +2.09% |
| 2023-12-31 | CN¥1.48 Billion | +123.99% |
| 2022-12-31 | CN¥662.53 Million | +15.18% |
| 2021-12-31 | CN¥575.21 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hengong Precision Equipment 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 158.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥307.91 Million | 20.32% |
| Other Components | CN¥1.21 Billion | 79.68% |
| Total Equity | CN¥1.52 Billion | 100.00% |
Hengong Precision Equipment Co Ltd Competitors by Market Cap
The table below lists competitors of Hengong Precision Equipment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DIAMOND HILL DL-01
F:BVE
|
$291.58 Million |
|
Cartesian Growth Corporation III Unit
NASDAQ:CGCTU
|
$291.73 Million |
|
Yongji Printing Co Ltd
SHG:603058
|
$291.76 Million |
|
Transcom Inc
TW:5222
|
$291.80 Million |
|
Hg Technologies Co Ltd
SHE:300847
|
$291.55 Million |
|
Schweizerische Nationalbank
PINK:SWZNF
|
$291.40 Million |
|
Alma Media Oyj
HE:ALMA
|
$291.39 Million |
|
EuBiologics Co. Ltd.
KQ:206650
|
$291.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hengong Precision Equipment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,484,022,553 to 1,515,020,672, a change of 30,998,119 (2.1%).
- Net income of 69,671,087 contributed positively to equity growth.
- Dividend payments of 59,887,481 reduced retained earnings.
- Other factors increased equity by 21,214,512.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥69.67 Million | +4.6% |
| Dividends Paid | CN¥59.89 Million | -3.95% |
| Other Changes | CN¥21.21 Million | +1.4% |
| Total Change | CN¥- | 2.09% |
Book Value vs Market Value Analysis
This analysis compares Hengong Precision Equipment 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: 4.67x
- 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 9.22x to 4.67x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CN¥8.73 | CN¥80.48 | x |
| 2022-12-31 | CN¥10.05 | CN¥80.48 | x |
| 2023-12-31 | CN¥16.88 | CN¥80.48 | x |
| 2024-12-31 | CN¥17.24 | CN¥80.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hengong Precision Equipment 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): 4.60%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.75%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.81x
- Recent ROE (4.60%) is below the historical average (11.55%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 17.72% | 11.61% | 1.00x | 1.53x | CN¥44.43 Million |
| 2022 | 15.35% | 11.78% | 0.86x | 1.52x | CN¥35.47 Million |
| 2023 | 8.53% | 14.34% | 0.37x | 1.59x | CN¥-21.75 Million |
| 2024 | 4.60% | 6.75% | 0.38x | 1.81x | CN¥-81.83 Million |
Industry Comparison
This section compares Hengong Precision Equipment Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,244,978,643
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hengong Precision Equipment Co Ltd (301261) | CN¥1.56 Billion | 17.72% | 0.76x | $291.56 Million |
| Xinjiang Hejin Holding Co Ltd (000633) | $64.30 Million | 0.00% | 1.02x | $276.51 Million |
| Chongqing Changjiang River Moulding Material (Group) Co. Ltd. (001296) | $563.95 Million | 12.68% | 0.31x | $177.83 Million |
| Winstech Precision Hldg Co (001319) | $1.31 Billion | 8.55% | 0.30x | $167.74 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $785.40 Million | -7.13% | 0.66x | $373.68 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.40 Billion | 2.65% | 0.12x | $461.37 Million |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $4.13 Billion | 10.98% | 0.50x | $722.14 Million |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $245.28 Million | 58.16% | 1.15x | $1.78 Billion |
| Dajin Heavy Industry Corp (002487) | $1.51 Billion | 2.42% | 0.28x | $3.72 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $966.88 Million | 1.75% | 0.27x | $292.45 Million |
| Guangzheng Group Co Ltd (002524) | $467.88 Million | 4.77% | 0.48x | $226.79 Million |