Harbin Air Conditioning Co Ltd

SHG:600202 China Building Products & Equipment
Market Cap
$337.51 Million
CN¥2.48 Billion CNY
Market Cap Rank
#14456 Global
#3806 in China
Share Price
CN¥6.46
Change (1 day)
+0.47%
52-Week Range
CN¥4.47 - CN¥6.61
All Time High
CN¥16.05
Categories
Companies in China Building Products & Equipment
About

Harbin Air Conditioning Co.,Ltd. designs, manufactures, and sells petrochemical and power station air coolers in the People's Republic of China, India, and internationally. The company also provides high, medium, and low-pressure air coolers; nuclear power plant air handling unit; other industrial air conditioning products; and other customized products. Its products are applied to industrial mar… Read more

Harbin Air Conditioning Co Ltd (600202) - Net Assets

Latest net assets as of September 2025: CN¥821.84 Million CNY

Based on the latest financial reports, Harbin Air Conditioning Co Ltd (600202) has net assets worth CN¥821.84 Million 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¥2.74 Billion) and total liabilities (CN¥1.91 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¥821.84 Million
% of Total Assets 30.04%
Annual Growth Rate 8.31%
5-Year Change 20.7%
10-Year Change -1.32%
Growth Volatility 28.78

Harbin Air Conditioning Co Ltd - Net Assets Trend (1996–2024)

This chart illustrates how Harbin Air Conditioning 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 Harbin Air Conditioning Co Ltd (1996–2024)

The table below shows the annual net assets of Harbin Air Conditioning Co Ltd from 1996 to 2024.

Year Net Assets Change
2024-12-31 CN¥851.52 Million -0.74%
2023-12-31 CN¥857.83 Million +3.43%
2022-12-31 CN¥829.36 Million +6.90%
2021-12-31 CN¥775.85 Million +9.98%
2020-12-31 CN¥705.47 Million +5.38%
2019-12-31 CN¥669.48 Million +8.59%
2018-12-31 CN¥616.50 Million +3.49%
2017-12-31 CN¥595.70 Million -12.81%
2016-12-31 CN¥683.19 Million -20.83%
2015-12-31 CN¥862.94 Million +0.80%
2014-12-31 CN¥856.09 Million +2.71%
2013-12-31 CN¥833.52 Million -10.17%
2012-12-31 CN¥927.91 Million +2.32%
2011-12-31 CN¥906.87 Million -17.69%
2010-12-31 CN¥1.10 Billion +6.46%
2009-12-31 CN¥1.03 Billion +10.28%
2008-12-31 CN¥938.40 Million +48.84%
2007-12-31 CN¥630.49 Million +29.99%
2006-12-31 CN¥485.04 Million +1.54%
2005-12-31 CN¥477.71 Million +23.51%
2004-12-31 CN¥386.78 Million +0.50%
2003-12-31 CN¥384.86 Million +6.15%
2002-12-31 CN¥362.55 Million +1.34%
2001-12-31 CN¥357.74 Million +6.05%
2000-12-31 CN¥337.34 Million +12.71%
1999-12-31 CN¥299.30 Million +142.30%
1998-12-31 CN¥123.52 Million +7.80%
1997-12-31 CN¥114.59 Million +25.88%
1996-12-31 CN¥91.03 Million --

Equity Component Analysis

This analysis shows how different components contribute to Harbin Air Conditioning 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 573.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥213.45 Million 25.60%
Common Stock CN¥383.34 Million 45.97%
Other Components CN¥237.14 Million 28.44%
Total Equity CN¥833.94 Million 100.00%

Harbin Air Conditioning Co Ltd Competitors by Market Cap

The table below lists competitors of Harbin Air Conditioning Co Ltd ranked by their market capitalization.

Company Market Cap
Capitol Health Ltd
AU:CAJ
 		$222.66 Million
Sebang Global Battery Co Ltd
KO:004490
 		$222.68 Million
Zhejiang Risun Intelligent Technology Co. Ltd. A
SHG:688215
 		$222.69 Million
Yuanli Chemical Group Co Ltd
SHG:603217
 		$222.73 Million
Tianyu Ecology & Landscape Co
SHG:603717
 		$222.65 Million
Mekonomen AB
ST:MEKO
 		$222.64 Million
Rechi Precision Co Ltd
TW:4532
 		$222.59 Million
WINBO-Dongjian Automotive Technology Co. Ltd.
SHE:300978
 		$222.59 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 830,654,091 to 833,939,324, a change of 3,285,233 (0.4%).
  • Net income of 7,355,536 contributed positively to equity growth.
  • Dividend payments of 34,193,303 reduced retained earnings.
  • Other factors increased equity by 30,123,000.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥7.36 Million +0.88%
Dividends Paid CN¥34.19 Million -4.1%
Other Changes CN¥30.12 Million +3.61%
Total Change CN¥- 0.40%

Book Value vs Market Value Analysis

This analysis compares Harbin Air Conditioning 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: 2.97x
  • 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 27.23x to 2.97x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 CN¥0.24 CN¥6.46 x
1997-12-31 CN¥0.30 CN¥6.46 x
1998-12-31 CN¥0.32 CN¥6.46 x
1999-12-31 CN¥0.78 CN¥6.46 x
2000-12-31 CN¥0.87 CN¥6.46 x
2001-12-31 CN¥0.92 CN¥6.46 x
2002-12-31 CN¥0.92 CN¥6.46 x
2003-12-31 CN¥0.97 CN¥6.46 x
2004-12-31 CN¥0.98 CN¥6.46 x
2005-12-31 CN¥1.22 CN¥6.46 x
2006-12-31 CN¥1.26 CN¥6.46 x
2007-12-31 CN¥1.64 CN¥6.46 x
2008-12-31 CN¥2.45 CN¥6.46 x
2009-12-31 CN¥2.70 CN¥6.46 x
2010-12-31 CN¥2.87 CN¥6.46 x
2011-12-31 CN¥2.37 CN¥6.46 x
2012-12-31 CN¥2.42 CN¥6.46 x
2013-12-31 CN¥2.17 CN¥6.46 x
2014-12-31 CN¥2.23 CN¥6.46 x
2015-12-31 CN¥2.25 CN¥6.46 x
2016-12-31 CN¥1.78 CN¥6.46 x
2017-12-31 CN¥1.55 CN¥6.46 x
2018-12-31 CN¥1.61 CN¥6.46 x
2019-12-31 CN¥1.75 CN¥6.46 x
2020-12-31 CN¥1.84 CN¥6.46 x
2021-12-31 CN¥2.02 CN¥6.46 x
2022-12-31 CN¥2.11 CN¥6.46 x
2023-12-31 CN¥2.17 CN¥6.46 x
2024-12-31 CN¥2.18 CN¥6.46 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Harbin Air Conditioning 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): 0.88%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.52%
  • • Asset Turnover: 0.50x
  • • Equity Multiplier: 3.39x
  • Recent ROE (0.88%) is below the historical average (7.86%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 21.41% 15.40% 0.56x 2.50x CN¥10.39 Million
1997 20.56% 16.70% 0.55x 2.23x CN¥12.10 Million
1998 27.07% 20.07% 0.56x 2.40x CN¥21.09 Million
1999 9.87% 22.25% 0.27x 1.62x CN¥-398.38K
2000 16.94% 29.52% 0.34x 1.68x CN¥23.13 Million
2001 18.19% 23.43% 0.45x 1.73x CN¥28.85 Million
2002 1.04% 2.13% 0.28x 1.78x CN¥-31.68 Million
2003 5.38% 12.23% 0.26x 1.69x CN¥-17.26 Million
2004 2.92% 4.04% 0.30x 2.44x CN¥-26.53 Million
2005 19.97% 10.14% 0.91x 2.16x CN¥46.73 Million
2006 22.12% 12.71% 0.70x 2.47x CN¥58.49 Million
2007 37.36% 19.16% 0.73x 2.67x CN¥172.53 Million
2008 33.55% 20.93% 0.62x 2.61x CN¥221.02 Million
2009 13.69% 13.41% 0.37x 2.77x CN¥38.19 Million
2010 9.82% 7.91% 0.44x 2.84x CN¥-1.94 Million
2011 -21.49% -23.15% 0.31x 3.00x CN¥-285.56 Million
2012 2.27% 2.22% 0.33x 3.11x CN¥-71.75 Million
2013 -10.56% -10.00% 0.32x 3.27x CN¥-171.35 Million
2014 2.63% 2.13% 0.40x 3.06x CN¥-63.05 Million
2015 1.62% 1.84% 0.30x 2.90x CN¥-72.35 Million
2016 -26.52% -68.40% 0.14x 2.80x CN¥-249.50 Million
2017 -14.69% -32.00% 0.17x 2.77x CN¥-147.08 Million
2018 3.38% 2.71% 0.46x 2.72x CN¥-40.81 Million
2019 7.55% 5.59% 0.45x 3.01x CN¥-16.37 Million
2020 7.15% 5.50% 0.40x 3.24x CN¥-20.11 Million
2021 8.56% 7.76% 0.40x 2.78x CN¥-11.15 Million
2022 4.62% 3.40% 0.45x 3.04x CN¥-43.54 Million
2023 2.57% 1.50% 0.48x 3.54x CN¥-61.73 Million
2024 0.88% 0.52% 0.50x 3.39x CN¥-76.04 Million

Industry Comparison

This section compares Harbin Air Conditioning Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.

Industry Context

  • Industry: Building Products & Equipment
  • Average net assets among peers: $3,967,149,242
  • Average return on equity (ROE) among peers: 7.85%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Harbin Air Conditioning Co Ltd (600202) CN¥821.84 Million 21.41% 2.33x $222.65 Million
Huasu Holdings Co Ltd (000509) $288.95 Million -10.72% 2.54x $352.09 Million
Wuhu Conch Profiles and Science Co Ltd (000619) $2.57 Billion -0.72% 0.99x $204.74 Million
Beijing New Building Materials Public Ltd Co (000786) $21.44 Billion 14.66% 0.33x $3.58 Billion
Yantai Moon Co Ltd (000811) $6.21 Billion 10.11% 0.91x $1.56 Billion
Tangshan Jidong Equipment Engineering Co Ltd (000856) $436.84 Million 5.27% 3.74x $232.37 Million
Arrow Home Group Co. Ltd. A (001322) $5.01 Billion 8.48% 1.12x $113.50 Million
Shandong Luyang Share Co Ltd (002088) $2.03 Billion 15.12% 0.38x $250.45 Million
Everjoy Health Group Co Ltd (002162) $479.30 Million 13.65% 1.19x $267.02 Million
XinJiang GuoTong Pipeline Co Ltd (002205) $923.77 Million 5.63% 0.58x $237.09 Million
Puyang Refractories Group Co Ltd (002225) $277.05 Million 17.03% 0.92x $602.85 Million