Highbroad Advanced Material (Hefei) Co. Ltd. A
Highbroad Advanced Material (Hefei) Co., Ltd. designs, develops, manufactures, and sells backlight display modules, light guide plates, precision structural parts, optical materials, and other related components in the People's Republic of China and internationally. The company also offers molds, electronic parts materials, and adhesive products; and TFT-LCD and Mini-LED backlight display modules… Read more
Highbroad Advanced Material (Hefei) Co. Ltd. A (301321) - Net Assets
Latest net assets as of June 2025: CN¥1.19 Billion CNY
Based on the latest financial reports, Highbroad Advanced Material (Hefei) Co. Ltd. A (301321) has net assets worth CN¥1.19 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¥5.76 Billion) and total liabilities (CN¥4.57 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¥1.19 Billion |
| % of Total Assets | 20.63% |
| Annual Growth Rate | 10.79% |
| 5-Year Change | -3.32% |
| 10-Year Change | N/A |
| Growth Volatility | 30.03 |
Highbroad Advanced Material (Hefei) Co. Ltd. A - Net Assets Trend (2019–2024)
This chart illustrates how Highbroad Advanced Material (Hefei) Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Highbroad Advanced Material (Hefei) Co. Ltd. A (2019–2024)
The table below shows the annual net assets of Highbroad Advanced Material (Hefei) Co. Ltd. A from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.32 Billion | -7.42% |
| 2023-12-31 | CN¥1.42 Billion | -1.49% |
| 2022-12-31 | CN¥1.44 Billion | -5.02% |
| 2021-12-31 | CN¥1.52 Billion | +11.61% |
| 2020-12-31 | CN¥1.36 Billion | +72.68% |
| 2019-12-31 | CN¥789.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Highbroad Advanced Material (Hefei) 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 decreased by 3.1% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥319.94 Million | 30.70% |
| Other Components | CN¥722.21 Million | 69.30% |
| Total Equity | CN¥1.04 Billion | 100.00% |
Highbroad Advanced Material (Hefei) Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Highbroad Advanced Material (Hefei) Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Gigastorage Corp
TW:2406
|
$214.24 Million |
|
Enplas Corporation
OTCGREY:ENPSF
|
$214.33 Million |
|
Song Chuan Precision Co., Ltd.
TW:7788
|
$214.40 Million |
|
ALPEK S.A.B. de C.V
OTCGREY:ALPKF
|
$214.40 Million |
|
Ningbo Fangzheng Automobile Mould Co.Ltd.
SHE:300998
|
$214.22 Million |
|
Rongan Property Co Ltd
SHE:000517
|
$214.19 Million |
|
Inveo Yatirim Holding AS
IS:INVEO
|
$214.17 Million |
|
Sino-Ocean Group Holding Limited
PINK:SIOLF
|
$214.06 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Highbroad Advanced Material (Hefei) Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,331,189,169 to 1,042,147,977, a change of -289,041,192 (-21.7%).
- Net loss of 214,808,258 reduced equity.
- Dividend payments of 88,982,111 reduced retained earnings.
- Other factors increased equity by 14,749,177.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-214.81 Million | -20.61% |
| Dividends Paid | CN¥88.98 Million | -8.54% |
| Other Changes | CN¥14.75 Million | +1.42% |
| Total Change | CN¥- | -21.71% |
Book Value vs Market Value Analysis
This analysis compares Highbroad Advanced Material (Hefei) 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: 3.67x
- 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 increased from 2.07x to 3.67x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥9.88 | CN¥20.50 | x |
| 2020-12-31 | CN¥12.06 | CN¥20.50 | x |
| 2021-12-31 | CN¥7.29 | CN¥20.50 | x |
| 2022-12-31 | CN¥6.88 | CN¥20.50 | x |
| 2023-12-31 | CN¥7.14 | CN¥20.50 | x |
| 2024-12-31 | CN¥5.59 | CN¥20.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Highbroad Advanced Material (Hefei) 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): -20.61%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -9.15%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 5.06x
- Recent ROE (-20.61%) is below the historical average (3.10%), 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 | 17.84% | 5.12% | 1.12x | 3.10x | CN¥53.54 Million |
| 2020 | 12.22% | 6.19% | 0.83x | 2.39x | CN¥27.76 Million |
| 2021 | 9.39% | 4.39% | 0.82x | 2.60x | CN¥-8.31 Million |
| 2022 | -4.23% | -2.46% | 0.57x | 3.02x | CN¥-182.71 Million |
| 2023 | 3.98% | 2.45% | 0.46x | 3.50x | CN¥-80.17 Million |
| 2024 | -20.61% | -9.15% | 0.44x | 5.06x | CN¥-319.02 Million |
Industry Comparison
This section compares Highbroad Advanced Material (Hefei) Co. Ltd. A's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,729,724,236
- Average return on equity (ROE) among peers: 9.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Highbroad Advanced Material (Hefei) Co. Ltd. A (301321) | CN¥1.19 Billion | 17.84% | 3.85x | $214.23 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $232.24 Million | -19.09% | 0.85x | $268.56 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.26 Billion | 17.72% | 2.90x | $768.09 Million |
| CPT Technology Group Co Ltd (000536) | $-18.89 Million | 0.00% | 0.00x | $1.06 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $12.01 Billion | 2.72% | 0.32x | $2.22 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $315.64 Million |
| BOE Technology Group Co Ltd (000725) | $5.52 Billion | 12.51% | 1.42x | $20.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $2.54 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $451.00 Million | 7.52% | 0.67x | $1.39 Billion |
| Beijing Kingfore HV & Energy Conservation Technology Co.Ltd. (001210) | $389.14 Million | 20.02% | 1.72x | $174.91 Million |
| Shanghai Smart Control Co. Ltd. (001266) | $268.16 Million | 42.89% | 0.50x | $149.46 Million |