Hongda (600331) - Net Assets

Latest as of June 2025: CN¥3.15 Billion CNY ≈ $461.29 Million USD

Based on the latest financial reports, Hongda (600331) has net assets worth CN¥3.15 Billion CNY (≈ $461.29 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¥5.26 Billion ≈ $769.24 Million USD) and total liabilities (CN¥2.10 Billion ≈ $307.95 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 Hongda (600331) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥3.15 Billion
% of Total Assets 59.97%
Annual Growth Rate 3.45%
5-Year Change 693.76%
10-Year Change -92.65%
Growth Volatility 133.93

Hongda - Net Assets Trend (1998–2024)

This chart illustrates how Hongda's net assets have evolved over time, based on quarterly financial data. Also explore 600331 current and non-current assets for the complete picture of this company's asset base.

Annual Net Assets for Hongda (1998–2024)

The table below shows the annual net assets of Hongda from 1998 to 2024. For live valuation and market cap data, see market value of Hongda.

Year Net Assets Change
2024-12-31 CN¥389.85 Million
≈ $57.05 Million		 +21.79%
2023-12-31 CN¥320.10 Million
≈ $46.84 Million		 -22.59%
2022-12-31 CN¥413.54 Million
≈ $60.51 Million		 +18.48%
2021-12-31 CN¥349.05 Million
≈ $51.08 Million		 +610.70%
2020-12-31 CN¥49.11 Million
≈ $7.19 Million		 -97.86%
2019-12-31 CN¥2.30 Billion
≈ $335.91 Million		 +1.50%
2018-12-31 CN¥2.26 Billion
≈ $330.95 Million		 -61.00%
2017-12-31 CN¥5.80 Billion
≈ $848.56 Million		 +6.62%
2016-12-31 CN¥5.44 Billion
≈ $795.88 Million		 +2.53%
2015-12-31 CN¥5.30 Billion
≈ $776.21 Million		 +0.58%
2014-12-31 CN¥5.27 Billion
≈ $771.76 Million		 +254.16%
2013-12-31 CN¥1.49 Billion
≈ $217.91 Million		 -8.72%
2012-12-31 CN¥1.63 Billion
≈ $238.73 Million		 -17.81%
2011-12-31 CN¥1.99 Billion
≈ $290.47 Million		 -2.33%
2010-12-31 CN¥2.03 Billion
≈ $297.41 Million		 -9.81%
2009-12-31 CN¥2.25 Billion
≈ $329.76 Million		 -26.29%
2008-12-31 CN¥3.06 Billion
≈ $447.40 Million		 -33.16%
2007-12-31 CN¥4.57 Billion
≈ $669.34 Million		 +104.47%
2006-12-31 CN¥2.24 Billion
≈ $327.35 Million		 +74.36%
2005-12-31 CN¥1.28 Billion
≈ $187.74 Million		 +21.74%
2004-12-31 CN¥1.05 Billion
≈ $154.21 Million		 +13.03%
2003-12-31 CN¥932.40 Million
≈ $136.44 Million		 +33.99%
2002-12-31 CN¥695.88 Million
≈ $101.83 Million		 +5.15%
2001-12-31 CN¥661.78 Million
≈ $96.84 Million		 +204.51%
2000-12-31 CN¥217.33 Million
≈ $31.80 Million		 +20.24%
1999-12-31 CN¥180.75 Million
≈ $26.45 Million		 +12.01%
1998-12-31 CN¥161.38 Million
≈ $23.61 Million		 --

Equity Component Analysis

This analysis shows how different components contribute to Hongda'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 12500.1% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥2.03 Billion 521.23%
Other Components CN¥3.25 Billion 832.63%
Total Equity CN¥389.85 Million 100.00%

Hongda Competitors by Market Cap

The table below lists competitors of Hongda ranked by their market capitalization.

Company Market Cap
Bank of Maharashtra
NSE:MAHABANK
 $6.96 Billion
RATIONAL UN.ADR 1/ 1/20
F:RAA1
 $6.96 Billion
Cidara Therapeutics Inc
NASDAQ:CDTX
 $6.96 Billion
New Gold Inc
TO:NGD
 $6.96 Billion
Stora Enso Oyj R
HE:STERV
 $6.95 Billion
SODEXO S.A. ADR/ 1/5 EO 4
F:SJ70
 $6.95 Billion
Synovus Financial Corp
NYSE:SNV
 $6.95 Billion
HYBE Co. Ltd
KO:352820
 $6.94 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 319,667,332 to 389,845,649, a change of 70,178,317 (22.0%).
  • Net income of 36,110,275 contributed positively to equity growth.
  • Dividend payments of 30,386,671 reduced retained earnings.
  • Other factors increased equity by 64,454,713.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥36.11 Million +9.26%
Dividends Paid CN¥30.39 Million -7.79%
Other Changes CN¥64.45 Million +16.53%
Total Change CN¥- 21.95%

Book Value vs Market Value Analysis

This analysis compares Hongda'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: 93.62x
  • 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 95.02x to 93.62x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 CN¥0.19 CN¥17.99 x
1999-12-31 CN¥0.22 CN¥17.99 x
2000-12-31 CN¥0.26 CN¥17.99 x
2001-12-31 CN¥0.80 CN¥17.99 x
2002-12-31 CN¥0.82 CN¥17.99 x
2003-12-31 CN¥0.90 CN¥17.99 x
2004-12-31 CN¥0.99 CN¥17.99 x
2005-12-31 CN¥1.19 CN¥17.99 x
2006-12-31 CN¥1.94 CN¥17.99 x
2007-12-31 CN¥3.78 CN¥17.99 x
2008-12-31 CN¥2.14 CN¥17.99 x
2009-12-31 CN¥1.51 CN¥17.99 x
2010-12-31 CN¥1.18 CN¥17.99 x
2011-12-31 CN¥1.20 CN¥17.99 x
2012-12-31 CN¥0.90 CN¥17.99 x
2013-12-31 CN¥0.74 CN¥17.99 x
2014-12-31 CN¥3.35 CN¥17.99 x
2015-12-31 CN¥2.26 CN¥17.99 x
2016-12-31 CN¥2.32 CN¥17.99 x
2017-12-31 CN¥2.43 CN¥17.99 x
2018-12-31 CN¥1.09 CN¥17.99 x
2019-12-31 CN¥1.13 CN¥17.99 x
2020-12-31 CN¥0.02 CN¥17.99 x
2021-12-31 CN¥0.17 CN¥17.99 x
2022-12-31 CN¥0.20 CN¥17.99 x
2023-12-31 CN¥0.16 CN¥17.99 x
2024-12-31 CN¥0.19 CN¥17.99 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hongda 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): 9.26%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.06%
  • • Asset Turnover: 1.50x
  • • Equity Multiplier: 5.84x
  • Recent ROE (9.26%) is above the historical average (-170.02%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 25.83% 15.64% 0.66x 2.51x CN¥24.93 Million
1999 23.89% 15.27% 0.63x 2.47x CN¥25.07 Million
2000 16.84% 10.53% 0.67x 2.40x CN¥14.86 Million
2001 3.36% 5.97% 0.33x 1.70x CN¥-43.92 Million
2002 5.81% 7.60% 0.36x 2.11x CN¥-28.55 Million
2003 6.21% 4.64% 0.44x 3.02x CN¥-28.36 Million
2004 11.76% 5.80% 0.60x 3.40x CN¥14.50 Million
2005 19.06% 6.91% 0.67x 4.09x CN¥89.60 Million
2006 39.54% 12.63% 0.88x 3.57x CN¥476.20 Million
2007 16.61% 9.95% 0.70x 2.39x CN¥220.29 Million
2008 -26.72% -15.23% 0.53x 3.33x CN¥-809.83 Million
2009 11.22% 4.39% 0.46x 5.55x CN¥19.05 Million
2010 -28.62% -8.41% 0.40x 8.48x CN¥-469.55 Million
2011 4.22% 1.21% 0.47x 7.47x CN¥-71.82 Million
2012 -56.71% -11.89% 0.55x 8.68x CN¥-621.05 Million
2013 3.46% 0.75% 0.45x 10.31x CN¥-49.95 Million
2014 -6.16% -7.48% 0.36x 2.30x CN¥-737.95 Million
2015 0.86% 0.90% 0.43x 2.23x CN¥-420.38 Million
2016 2.72% 3.15% 0.40x 2.18x CN¥-343.98 Million
2017 4.18% 4.46% 0.49x 1.93x CN¥-286.94 Million
2018 -120.48% -99.33% 0.56x 2.17x CN¥-2.89 Billion
2019 3.68% 3.32% 0.55x 2.03x CN¥-145.13 Million
2020 -4632.55% -98.49% 0.98x 47.99x CN¥-2.25 Billion
2021 87.68% 10.52% 1.29x 6.48x CN¥270.90 Million
2022 14.56% 2.05% 1.25x 5.69x CN¥18.84 Million
2023 -29.98% -3.17% 1.41x 6.70x CN¥-127.81 Million
2024 9.26% 1.06% 1.50x 5.84x CN¥-2.87 Million

Industry Comparison

This section compares Hongda's net assets metrics with peer companies in the Other Industrial Metals & Mining industry.

Industry Context

  • Industry: Other Industrial Metals & Mining
  • Average net assets among peers: $4,690,740,000
  • Average return on equity (ROE) among peers: 2.63%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hongda (600331) CN¥3.15 Billion 25.83% 0.67x $6.95 Billion
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060) $11.36 Billion 7.50% 0.79x $4.60 Billion
Inner Mongolia Xingye Mining Co Ltd (000426) $1.35 Billion 1.76% 0.93x $11.74 Billion
Shengda Mining Co Ltd (000603) $76.14 Million 4.25% 1.02x $3.82 Billion
Pangang Group Vanadium Titanium & Resources Co Ltd (000629) $14.86 Billion 0.01% 1.11x $5.26 Billion
China Tungsten and Hightech Materials Co Ltd (000657) $3.59 Billion 0.37% 0.92x $20.67 Billion
Guocheng Mining Co Ltd (000688) $-193.96 Million 0.00% 0.00x $8.81 Billion
Huludao Zinc Industry Co Ltd (000751) $2.14 Billion 6.28% 0.94x $1.50 Billion
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758) $8.99 Billion 0.24% 1.46x $2.12 Billion
Tibet Mineral Development Co Ltd (000762) $2.51 Billion 0.85% 0.16x $3.02 Billion
Innuovo Technology Co Ltd Class A (000795) $2.22 Billion 5.07% 0.29x $1.56 Billion

About Hongda

SHG:600331 China Other Industrial Metals & Mining
Market Cap
$6.95 Billion
CN¥47.52 Billion CNY
Market Cap Rank
#2903 Global
#390 in China
Share Price
CN¥17.99
Change (1 day)
-0.83%
52-Week Range
CN¥6.84 - CN¥21.64
All Time High
CN¥21.64
Categories
Companies in China Other Industrial Metals & Mining
About

Sichuan Hongda Co.,Ltd., together with its subsidiaries, engages in the non-ferrous metal zinc smelting and phosphorous chemical businesses in China. It operates through Chemical Industry, Non-Ferrous Metals Industry, and Others segments. The company offers zinc ingots, hot-dip galvanized and cast zinc alloys, and zinc oxide under the Cishan brand; and rare metals, such as molybdenum, indium, and… Read more