Hongda (600331) - Net Assets

Latest as of March 2026: CN¥3.11 Billion CNY ≈ $455.79 Million USD

Based on the latest financial reports, Hongda (600331) has net assets worth CN¥3.11 Billion CNY (≈ $455.79 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.65 Billion ≈ $534.38 Million USD) and total liabilities (CN¥537.06 Million ≈ $78.59 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) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.11 Billion
% of Total Assets	85.29%
Annual Growth Rate	11.66%
5-Year Change	807.29%
10-Year Change	-41.77%
Growth Volatility	182.31

Hongda - Net Assets Trend (1998–2025)

This chart illustrates how Hongda's net assets have evolved over time, based on quarterly financial data. See Hongda defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Hongda (1998–2025)

The table below shows the annual net assets of Hongda from 1998 to 2025. For live valuation and market cap data, see market value of Hongda.

Year	Net Assets	Change
2025-12-31	CN¥3.17 Billion ≈ $463.42 Million	+712.35%
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 12688.6% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Common Stock	CN¥2.64 Billion	83.83%
Other Comprehensive Income	CN¥211.18 Million	6.70%
Other Components	CN¥5.26 Billion	166.95%
Total Equity	CN¥3.15 Billion	100.00%

Hongda Competitors by Market Cap

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

Company	Market Cap
Soitec SA PA:SOI	$4.95 Billion
Turkcell Iletisim Hizmetleri AS NYSE:TKC	$4.95 Billion
Kunshan Kinglai Hygienic Materials Co Ltd SHE:300260	$4.95 Billion
Ameris Bancorp NASDAQ:ABCB	$4.95 Billion
Turk Telekomunikasyon AS IS:TTKOM	$4.95 Billion
Figure Technology Solutions, Inc. Class A Common Stock NASDAQ:FIGR	$4.95 Billion
Acter Co Ltd TWO:5536	$4.95 Billion
ChampionX Corporation NASDAQ:CHX	$4.94 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 2024 to 2025, total equity changed from 389,845,649 to 3,151,128,685, a change of 2,761,283,036 (708.3%).
Net loss of 74,308,656 reduced equity.
Dividend payments of 243,988,668 reduced retained earnings.
Other comprehensive income increased equity by 211,182,204.
Other factors increased equity by 2,868,398,156.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-74.31 Million	-2.36%
Dividends Paid	CN¥243.99 Million	-7.74%
Other Comprehensive Income	CN¥211.18 Million	+6.7%
Other Changes	CN¥2.87 Billion	+91.03%
Total Change	CN¥-	708.30%

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: 9.49x
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 67.60x to 9.49x 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¥12.80	x
1999-12-31	CN¥0.22	CN¥12.80	x
2000-12-31	CN¥0.26	CN¥12.80	x
2001-12-31	CN¥0.80	CN¥12.80	x
2002-12-31	CN¥0.82	CN¥12.80	x
2003-12-31	CN¥0.90	CN¥12.80	x
2004-12-31	CN¥0.99	CN¥12.80	x
2005-12-31	CN¥1.19	CN¥12.80	x
2006-12-31	CN¥1.94	CN¥12.80	x
2007-12-31	CN¥3.78	CN¥12.80	x
2008-12-31	CN¥2.14	CN¥12.80	x
2009-12-31	CN¥1.51	CN¥12.80	x
2010-12-31	CN¥1.18	CN¥12.80	x
2011-12-31	CN¥1.20	CN¥12.80	x
2012-12-31	CN¥0.90	CN¥12.80	x
2013-12-31	CN¥0.74	CN¥12.80	x
2014-12-31	CN¥3.35	CN¥12.80	x
2015-12-31	CN¥2.26	CN¥12.80	x
2016-12-31	CN¥2.32	CN¥12.80	x
2017-12-31	CN¥2.43	CN¥12.80	x
2018-12-31	CN¥1.09	CN¥12.80	x
2019-12-31	CN¥1.13	CN¥12.80	x
2020-12-31	CN¥0.02	CN¥12.80	x
2021-12-31	CN¥0.17	CN¥12.80	x
2022-12-31	CN¥0.20	CN¥12.80	x
2023-12-31	CN¥0.16	CN¥12.80	x
2024-12-31	CN¥0.19	CN¥12.80	x
2025-12-31	CN¥1.35	CN¥12.80	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): -2.36%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -1.96%
• Asset Turnover: 1.05x
• Equity Multiplier: 1.15x
Recent ROE (-2.36%) is above the historical average (-164.03%), 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
2025	-2.36%	-1.96%	1.05x	1.15x	CN¥-389.42 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: $1,816,103,229
Average return on equity (ROE) among peers: 8.75%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hongda (600331)	CN¥3.11 Billion	25.83%	0.17x	$4.95 Billion
Shenzhen Zhongjin Lingnan Nonfemet Co Ltd (000060)	$3.76 Billion	32.01%	1.11x	$4.96 Billion
Inner Mongolia Xingye Mining Co Ltd (000426)	$1.35 Billion	1.76%	0.93x	$10.28 Billion
Shengda Mining Co Ltd (000603)	$3.54 Billion	10.31%	0.52x	$2.66 Billion
Pangang Group Vanadium Titanium & Resources Co Ltd (000629)	$4.41 Billion	10.92%	0.64x	$4.35 Billion
China Tungsten and Hightech Materials Co Ltd (000657)	$227.78 Million	16.91%	0.96x	$32.84 Billion
Guocheng Mining Co Ltd (000688)	$235.99 Million	13.55%	1.14x	$6.57 Billion
Huludao Zinc Industry Co Ltd (000751)	$2.63 Billion	7.71%	0.74x	$1.22 Billion
China Nonferrous Metal Industry’s Foreign Engineering and Construction Co Ltd (000758)	$940.73 Million	-14.99%	0.42x	$2.05 Billion
Tibet Mineral Development Co Ltd (000762)	$525.07 Million	0.19%	0.44x	$2.30 Billion
Innuovo Technology Co Ltd Class A (000795)	$544.22 Million	9.15%	0.61x	$1.63 Billion

About Hongda

SHG:600331 China Other Industrial Metals & Mining

Market Cap

$4.95 Billion

CN¥33.81 Billion CNY

Market Cap Rank

#3645 Global

#544 in China

Share Price

CN¥12.80

Change (1 day)

-1.84%

52-Week Range

CN¥7.65 - CN¥21.64

All Time High

CN¥21.64