Hisense Electric Co Ltd

SHG:600060 China Consumer Electronics
Market Cap
$3.97 Billion
CN¥29.13 Billion CNY
Market Cap Rank
#5083 Global
#610 in China
Share Price
CN¥22.32
Change (1 day)
+0.50%
52-Week Range
CN¥20.78 - CN¥26.46
All Time High
CN¥29.03
Categories
Companies in China Consumer Electronics Technology AI & Machine Learning
About

Hisense Visual Technology Co., Ltd. engages in the research and development, production, and sales of display chips and internet operation services in China and internationally. The company also manufactures and sells of computer, communication, and other electronic equipment. It also provides smart display terminals; laser display, commercial display, cloud service, chip business and other new d… Read more

Hisense Electric Co Ltd (600060) - Net Assets

Latest net assets as of September 2025: CN¥26.14 Billion CNY

Based on the latest financial reports, Hisense Electric Co Ltd (600060) has net assets worth CN¥26.14 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥45.29 Billion) and total liabilities (CN¥19.15 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¥26.14 Billion
% of Total Assets 57.73%
Annual Growth Rate 21.09%
5-Year Change 43.06%
10-Year Change 104.47%
Growth Volatility 43.35

Hisense Electric Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Hisense Electric 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 Hisense Electric Co Ltd (1994–2024)

The table below shows the annual net assets of Hisense Electric Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥25.00 Billion -0.92%
2023-12-31 CN¥25.23 Billion +26.80%
2022-12-31 CN¥19.90 Billion +9.46%
2021-12-31 CN¥18.18 Billion +4.03%
2020-12-31 CN¥17.47 Billion +7.43%
2019-12-31 CN¥16.27 Billion +5.92%
2018-12-31 CN¥15.36 Billion +7.38%
2017-12-31 CN¥14.30 Billion +5.08%
2016-12-31 CN¥13.61 Billion +11.32%
2015-12-31 CN¥12.23 Billion +9.90%
2014-12-31 CN¥11.12 Billion +9.40%
2013-12-31 CN¥10.17 Billion +13.22%
2012-12-31 CN¥8.98 Billion +22.70%
2011-12-31 CN¥7.32 Billion +26.15%
2010-12-31 CN¥5.80 Billion +15.33%
2009-12-31 CN¥5.03 Billion +63.54%
2008-12-31 CN¥3.08 Billion +4.50%
2007-12-31 CN¥2.94 Billion +1.69%
2006-12-31 CN¥2.90 Billion +9.62%
2005-12-31 CN¥2.64 Billion +6.23%
2004-12-31 CN¥2.49 Billion +2.68%
2003-12-31 CN¥2.42 Billion +1.90%
2002-12-31 CN¥2.38 Billion +5.48%
2001-12-31 CN¥2.25 Billion +51.12%
2000-12-31 CN¥1.49 Billion +4.75%
1999-12-31 CN¥1.42 Billion +6.61%
1998-12-31 CN¥1.33 Billion +57.71%
1997-12-31 CN¥846.45 Million +223.91%
1996-12-31 CN¥261.33 Million +74.29%
1995-12-31 CN¥149.93 Million +86.78%
1994-12-31 CN¥80.27 Million --

Equity Component Analysis

This analysis shows how different components contribute to Hisense Electric 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 1491989117100.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥14.92 Billion 76.20%
Common Stock CN¥1.30 Billion 6.67%
Other Comprehensive Income CN¥1.64 Billion 8.40%
Other Components CN¥1.71 Billion 8.73%
Total Equity CN¥19.58 Billion 100.00%

Hisense Electric Co Ltd Competitors by Market Cap

The table below lists competitors of Hisense Electric Co Ltd ranked by their market capitalization.

Company Market Cap
Xiangtan Electric Manufacturing Co Ltd
SHG:600416
 		$1.92 Billion
Offshore Oil Engineering Co Ltd
SHG:600583
 		$1.92 Billion
City Union Bank Limited
NSE:CUB
 		$1.93 Billion
TOMRA SYSTEMS ASA NK-50
F:TMRA
 		$1.93 Billion
Droneshield Ltd
AU:DRO
 		$1.92 Billion
Ecopro Co. Ltd
KQ:086520
 		$1.92 Billion
JD SPORTS FASH. LS -0005
F:9JD
 		$1.92 Billion
Makalot Industrial Co Ltd
TW:1477
 		$1.92 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Hisense Electric Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 18,894,678,966 to 19,578,170,064, a change of 683,491,098 (3.6%).
  • Net income of 2,246,217,307 contributed positively to equity growth.
  • Dividend payments of 1,092,725,532 reduced retained earnings.
  • Share repurchases of 781,835,151 reduced equity.
  • Other comprehensive income increased equity by 1,644,831,421.
  • Other factors decreased equity by 1,332,996,947.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥2.25 Billion +11.47%
Dividends Paid CN¥1.09 Billion -5.58%
Share Repurchases CN¥781.84 Million -3.99%
Other Comprehensive Income CN¥1.64 Billion +8.4%
Other Changes CN¥-1.33 Billion -6.81%
Total Change CN¥- 3.62%

Book Value vs Market Value Analysis

This analysis compares Hisense Electric 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: 1.49x
  • The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
  • The price-to-book ratio has decreased from 309.39x to 1.49x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.07 CN¥22.32 x
1995-12-31 CN¥0.13 CN¥22.32 x
1996-12-31 CN¥0.23 CN¥22.32 x
1997-12-31 CN¥0.75 CN¥22.32 x
1998-12-31 CN¥1.12 CN¥22.32 x
1999-12-31 CN¥1.20 CN¥22.32 x
2000-12-31 CN¥1.27 CN¥22.32 x
2001-12-31 CN¥1.99 CN¥22.32 x
2002-12-31 CN¥2.07 CN¥22.32 x
2003-12-31 CN¥2.11 CN¥22.32 x
2004-12-31 CN¥2.16 CN¥22.32 x
2005-12-31 CN¥2.25 CN¥22.32 x
2006-12-31 CN¥2.38 CN¥22.32 x
2007-12-31 CN¥2.52 CN¥22.32 x
2008-12-31 CN¥2.69 CN¥22.32 x
2009-12-31 CN¥4.41 CN¥22.32 x
2010-12-31 CN¥4.35 CN¥22.32 x
2011-12-31 CN¥5.48 CN¥22.32 x
2012-12-31 CN¥6.71 CN¥22.32 x
2013-12-31 CN¥7.56 CN¥22.32 x
2014-12-31 CN¥8.27 CN¥22.32 x
2015-12-31 CN¥9.10 CN¥22.32 x
2016-12-31 CN¥10.04 CN¥22.32 x
2017-12-31 CN¥10.53 CN¥22.32 x
2018-12-31 CN¥10.77 CN¥22.32 x
2019-12-31 CN¥11.14 CN¥22.32 x
2020-12-31 CN¥11.90 CN¥22.32 x
2021-12-31 CN¥12.30 CN¥22.32 x
2022-12-31 CN¥13.66 CN¥22.32 x
2023-12-31 CN¥14.60 CN¥22.32 x
2024-12-31 CN¥15.00 CN¥22.32 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hisense Electric 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): 11.47%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 3.84%
  • • Asset Turnover: 1.25x
  • • Equity Multiplier: 2.38x
  • Recent ROE (11.47%) is below the historical average (14.03%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 99.58% 6.88% 2.66x 5.43x CN¥71.91 Million
1995 51.81% 6.32% 2.44x 3.36x CN¥62.69 Million
1996 35.46% 7.42% 1.80x 2.66x CN¥66.54 Million
1997 16.55% 6.59% 1.05x 2.39x CN¥54.31 Million
1998 10.02% 5.19% 1.03x 1.87x CN¥201.28K
1999 8.92% 3.99% 1.21x 1.84x CN¥-14.40 Million
2000 2.29% 0.75% 1.58x 1.93x CN¥-108.58 Million
2001 -1.08% -0.62% 0.97x 1.81x CN¥-245.48 Million
2002 1.52% 0.62% 1.42x 1.72x CN¥-195.66 Million
2003 1.76% 0.72% 1.47x 1.67x CN¥-193.47 Million
2004 2.43% 0.78% 1.71x 1.82x CN¥-182.40 Million
2005 4.09% 1.01% 1.83x 2.21x CN¥-148.05 Million
2006 4.72% 1.06% 2.20x 2.03x CN¥-139.97 Million
2007 7.25% 1.37% 2.36x 2.23x CN¥-77.34 Million
2008 7.60% 1.68% 2.27x 2.00x CN¥-70.95 Million
2009 10.15% 2.71% 1.78x 2.11x CN¥7.52 Million
2010 14.72% 3.93% 1.70x 2.20x CN¥267.59 Million
2011 23.57% 7.18% 1.46x 2.25x CN¥972.32 Million
2012 18.25% 6.35% 1.38x 2.08x CN¥724.72 Million
2013 16.01% 5.56% 1.43x 2.01x CN¥594.07 Million
2014 12.94% 4.83% 1.40x 1.91x CN¥318.02 Million
2015 12.53% 4.93% 1.44x 1.76x CN¥300.36 Million
2016 13.34% 5.53% 1.40x 1.72x CN¥440.44 Million
2017 7.03% 2.94% 1.33x 1.80x CN¥-409.18 Million
2018 2.78% 1.12% 1.19x 2.09x CN¥-1.02 Billion
2019 3.81% 1.63% 1.16x 2.01x CN¥-901.79 Million
2020 7.68% 3.04% 1.25x 2.02x CN¥-361.68 Million
2021 7.07% 2.43% 1.41x 2.07x CN¥-470.87 Million
2022 9.57% 3.67% 1.28x 2.04x CN¥-76.05 Million
2023 11.09% 3.91% 1.19x 2.39x CN¥206.39 Million
2024 11.47% 3.84% 1.25x 2.38x CN¥288.40 Million

Industry Comparison

This section compares Hisense Electric Co Ltd's net assets metrics with peer companies in the Consumer Electronics industry.

Industry Context

  • Industry: Consumer Electronics
  • Average net assets among peers: $2,417,864,350
  • Average return on equity (ROE) among peers: 17.70%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hisense Electric Co Ltd (600060) CN¥26.14 Billion 99.58% 0.73x $1.92 Billion
Konka Group Co Ltd (000016) $803.11 Million 33.00% 2.14x $834.83 Million
Tianma Microelectronics Co Ltd (000050) $13.25 Billion 4.19% 0.63x $1.46 Billion
Guangdong Goworld Co Ltd (000823) $189.06 Million 29.67% 0.83x $782.76 Million
Soyea Technology Co Ltd (000909) $619.17 Million 3.70% 3.31x $199.78 Million
Guangdong AVCiT Tech Hldg Co (001229) $332.60 Million 29.11% 0.18x $166.04 Million
Emdoor Information Co. Ltd. A (001314) $183.39 Million 3.34% 1.39x $345.23 Million
Hengdian Group DMEGC Magnetics Co Ltd (002056) $4.74 Billion 14.54% 0.43x $2.26 Billion
Shenzhen Auto Electric Power Plant Co Ltd (002227) $119.38 Million 29.15% 0.90x $150.39 Million
Goertek Inc (002241) $1.71 Billion 16.17% 0.92x $7.92 Billion
Edifier Technology Co Ltd (002351) $2.23 Billion 14.12% 0.20x $640.66 Million