Wuxi Xinhongye Wire & Cable Co. Ltd. A (301310) - Net Assets
Based on the latest financial reports, Wuxi Xinhongye Wire & Cable Co. Ltd. A (301310) has net assets worth CN¥2.29 Billion CNY (≈ $334.75 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¥4.46 Billion ≈ $652.31 Million USD) and total liabilities (CN¥2.17 Billion ≈ $317.56 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 Wuxi Xinhongye Wire & Cable Co. Ltd. A's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.29 Billion |
| % of Total Assets | 51.32% |
| Annual Growth Rate | 67.5% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 113.3 |
Wuxi Xinhongye Wire & Cable Co. Ltd. A - Net Assets Trend (2021–2024)
This chart illustrates how Wuxi Xinhongye Wire & Cable Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Wuxi Xinhongye Wire & Cable Co. Ltd. A for the complete picture of this company's asset base.
Annual Net Assets for Wuxi Xinhongye Wire & Cable Co. Ltd. A (2021–2024)
The table below shows the annual net assets of Wuxi Xinhongye Wire & Cable Co. Ltd. A from 2021 to 2024. For live valuation and market cap data, see 301310 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.28 Billion ≈ $333.55 Million |
+1.45% |
| 2023-12-31 | CN¥2.25 Billion ≈ $328.79 Million |
+255.02% |
| 2022-12-31 | CN¥632.89 Million ≈ $92.61 Million |
+30.53% |
| 2021-12-31 | CN¥484.85 Million ≈ $70.95 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Wuxi Xinhongye Wire & Cable Co. Ltd. A'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 162.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥394.17 Million | 17.29% |
| Other Components | CN¥1.89 Billion | 82.71% |
| Total Equity | CN¥2.28 Billion | 100.00% |
Wuxi Xinhongye Wire & Cable Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Wuxi Xinhongye Wire & Cable Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rizhao Port Co Ltd
SHG:600017
|
$1.33 Billion |
|
Nanjing Xinjiekou Department Store Co Ltd
SHG:600682
|
$1.33 Billion |
|
Taiwan FamilyMart Co Ltd
TWO:5903
|
$1.33 Billion |
|
Welspun Living Limited
NSE:WELSPUNLIV
|
$1.33 Billion |
|
North Huajin Chemical Industries Co Ltd
SHE:000059
|
$1.33 Billion |
|
Bank Islam Malaysia Bhd
KLSE:5258
|
$1.33 Billion |
|
Yibin Tianyuan Group Co Ltd
SHE:002386
|
$1.33 Billion |
|
Guangzhou Risong Intelligent Technology Holding Co Ltd
SHG:688090
|
$1.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wuxi Xinhongye Wire & Cable Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,246,871,949 to 2,279,434,516, a change of 32,562,567 (1.4%).
- Net income of 116,256,575 contributed positively to equity growth.
- Dividend payments of 91,311,767 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥116.26 Million | +5.1% |
| Dividends Paid | CN¥91.31 Million | -4.01% |
| Other Changes | CN¥7.62 Million | +0.33% |
| Total Change | CN¥- | 1.45% |
Book Value vs Market Value Analysis
This analysis compares Wuxi Xinhongye Wire & Cable Co. Ltd. A'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: 3.97x
- 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 14.02x to 3.97x 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¥4.76 | CN¥66.65 | x |
| 2022-12-31 | CN¥6.21 | CN¥66.65 | x |
| 2023-12-31 | CN¥16.53 | CN¥66.65 | x |
| 2024-12-31 | CN¥16.77 | CN¥66.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wuxi Xinhongye Wire & Cable Co. Ltd. A 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): 5.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.39%
- • Asset Turnover: 0.62x
- • Equity Multiplier: 1.87x
- Recent ROE (5.10%) is below the historical average (14.35%), 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 | 22.08% | 8.79% | 0.85x | 2.95x | CN¥58.58 Million |
| 2022 | 22.88% | 8.01% | 0.78x | 3.65x | CN¥81.49 Million |
| 2023 | 7.35% | 8.25% | 0.59x | 1.51x | CN¥-59.53 Million |
| 2024 | 5.10% | 4.39% | 0.62x | 1.87x | CN¥-111.69 Million |
Industry Comparison
This section compares Wuxi Xinhongye Wire & Cable Co. Ltd. A's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,126,582,124
- Average return on equity (ROE) among peers: 8.28%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wuxi Xinhongye Wire & Cable Co. Ltd. A (301310) | CN¥2.29 Billion | 22.08% | 0.95x | $1.33 Billion |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.09x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $874.93 Million | -1.17% | 1.71x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.71 Billion | 7.84% | 0.11x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $86.35 Million | 23.75% | 0.85x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $1.22 Billion | 3.70% | 0.93x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.54 Billion | 5.61% | 1.58x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $11.08 Billion | 1.35% | 1.51x | $9.75 Billion |
About Wuxi Xinhongye Wire & Cable Co. Ltd. A
Wuxi Xinhongye Wire & Cable Co., Ltd., together with its subsidiaries, engages in the research, development, production, and sale of cables in China and internationally. The company offers various cable products, including energy vehicle, charging pile, photovoltaic, energy storage, rail transit, nuclear power and nuclear penetrations, marine, and robot cables, as well as industrial electric wire… Read more