GUANGDONG HUICHENG
Guangdong Huicheng Vacuum Technology Co., Ltd. engages in the research, development, manufacture, sale, and supply of vacuum coating equipment in China. It offers decorative PVD coating machine, optical coating machine, functional pvd coating machine, roll to roll PVD coating machine, inline coating system, atomic layer deposition machine, display DVD coating machine, PVD vacuum coating machine f… Read more
GUANGDONG HUICHENG (301392) - Net Assets
Latest net assets as of June 2025: CN¥760.15 Million CNY
Based on the latest financial reports, GUANGDONG HUICHENG (301392) has net assets worth CN¥760.15 Million 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¥1.16 Billion) and total liabilities (CN¥398.00 Million). 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¥760.15 Million |
| % of Total Assets | 65.63% |
| Annual Growth Rate | 25.34% |
| 5-Year Change | 172.3% |
| 10-Year Change | N/A |
| Growth Volatility | 16.56 |
GUANGDONG HUICHENG - Net Assets Trend (2018–2024)
This chart illustrates how GUANGDONG HUICHENG's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for GUANGDONG HUICHENG (2018–2024)
The table below shows the annual net assets of GUANGDONG HUICHENG from 2018 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥737.51 Million | +62.92% |
| 2023-12-31 | CN¥452.69 Million | +21.82% |
| 2022-12-31 | CN¥371.62 Million | +15.06% |
| 2021-12-31 | CN¥322.97 Million | +19.25% |
| 2020-12-31 | CN¥270.85 Million | +22.01% |
| 2019-12-31 | CN¥221.98 Million | +16.77% |
| 2018-12-31 | CN¥190.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to GUANGDONG HUICHENG'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 389.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥289.05 Million | 39.19% |
| Common Stock | CN¥100.00 Million | 13.56% |
| Other Components | CN¥348.46 Million | 47.25% |
| Total Equity | CN¥737.51 Million | 100.00% |
GUANGDONG HUICHENG Competitors by Market Cap
The table below lists competitors of GUANGDONG HUICHENG ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sany Heavy Equipment International Holdings Company Limited
PINK:SNYYF
|
$706.22 Million |
|
Shenzhen Sunshine Laser & Electronics Technology Co Ltd
SHE:300227
|
$706.27 Million |
|
Ningbo Yongxin Optics Co Ltd
SHG:603297
|
$706.38 Million |
|
Yangmei Chemical Co Ltd
SHG:600691
|
$706.47 Million |
|
Shangri-La Asia Limited
PINK:SHALF
|
$705.46 Million |
|
Vestis Corporation
NYSE:VSTS
|
$705.34 Million |
|
Gudeng Precision Industrial Co Ltd
TWO:3680
|
$704.52 Million |
|
SWEDISH LOGISTIC PROP. B
F:H45
|
$704.31 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GUANGDONG HUICHENG's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 452,690,668 to 737,508,621, a change of 284,817,953 (62.9%).
- Net income of 68,090,947 contributed positively to equity growth.
- Dividend payments of 29,117,273 reduced retained earnings.
- Other factors increased equity by 245,844,279.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥68.09 Million | +9.23% |
| Dividends Paid | CN¥29.12 Million | -3.95% |
| Other Changes | CN¥245.84 Million | +33.33% |
| Total Change | CN¥- | 62.92% |
Book Value vs Market Value Analysis
This analysis compares GUANGDONG HUICHENG'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: 14.52x
- 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 42.92x to 14.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CN¥2.78 | CN¥119.50 | x |
| 2019-12-31 | CN¥2.74 | CN¥119.50 | x |
| 2020-12-31 | CN¥3.40 | CN¥119.50 | x |
| 2021-12-31 | CN¥4.10 | CN¥119.50 | x |
| 2022-12-31 | CN¥4.95 | CN¥119.50 | x |
| 2023-12-31 | CN¥6.03 | CN¥119.50 | x |
| 2024-12-31 | CN¥8.23 | CN¥119.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GUANGDONG HUICHENG 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): 9.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.09%
- • Asset Turnover: 0.47x
- • Equity Multiplier: 1.51x
- Recent ROE (9.23%) is below the historical average (16.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 12.21% | 7.11% | 0.77x | 2.22x | CN¥4.20 Million |
| 2019 | 10.96% | 7.56% | 0.64x | 2.27x | CN¥1.96 Million |
| 2020 | 21.50% | 14.03% | 0.61x | 2.53x | CN¥29.43 Million |
| 2021 | 23.15% | 13.38% | 0.55x | 3.17x | CN¥40.59 Million |
| 2022 | 19.18% | 12.49% | 0.77x | 2.00x | CN¥34.13 Million |
| 2023 | 17.91% | 15.53% | 0.61x | 1.88x | CN¥35.81 Million |
| 2024 | 9.23% | 13.09% | 0.47x | 1.51x | CN¥-5.66 Million |
Industry Comparison
This section compares GUANGDONG HUICHENG's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GUANGDONG HUICHENG (301392) | CN¥760.15 Million | 12.21% | 0.52x | $705.87 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |