Hengli Petrochemical Co Ltd

SHG:600346 China Chemicals
Market Cap
$22.03 Billion
CN¥161.62 Billion CNY
Market Cap Rank
#2700 Global
#184 in China
Share Price
CN¥22.96
Change (1 day)
+2.14%
52-Week Range
CN¥13.87 - CN¥26.74
All Time High
CN¥43.42
Categories
Companies in China Chemicals
About

Hengli Petrochemical Co.,Ltd. engages in petrochemical industry in China and internationally. It operates through Petrochemical Business and Polyester Fiber Business segments. The company offers oil refining products, chemical products, purified terephthalic acid, polyester chips, and polyester fibers; and engineering plastics, functional films, and biodegradable materials. It also provides civil… Read more

Hengli Petrochemical Co Ltd (600346) - Net Assets

Latest net assets as of September 2025: CN¥64.65 Billion CNY

Based on the latest financial reports, Hengli Petrochemical Co Ltd (600346) has net assets worth CN¥64.65 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¥274.07 Billion) and total liabilities (CN¥209.43 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¥64.65 Billion
% of Total Assets 23.59%
Annual Growth Rate 28.78%
5-Year Change 34.86%
10-Year Change 12801.29%
Growth Volatility 224.11

Hengli Petrochemical Co Ltd - Net Assets Trend (1999–2024)

This chart illustrates how Hengli Petrochemical 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 Hengli Petrochemical Co Ltd (1999–2024)

The table below shows the annual net assets of Hengli Petrochemical Co Ltd from 1999 to 2024.

Year Net Assets Change
2024-12-31 CN¥63.42 Billion +5.70%
2023-12-31 CN¥60.00 Billion +13.38%
2022-12-31 CN¥52.92 Billion -7.64%
2021-12-31 CN¥57.30 Billion +21.85%
2020-12-31 CN¥47.02 Billion +28.00%
2019-12-31 CN¥36.74 Billion +31.64%
2018-12-31 CN¥27.91 Billion +279.43%
2017-12-31 CN¥7.36 Billion +21.89%
2016-12-31 CN¥6.03 Billion +1127.65%
2015-12-31 CN¥491.56 Million -34.78%
2014-12-31 CN¥753.66 Million +12.54%
2013-12-31 CN¥669.65 Million +2.66%
2012-12-31 CN¥652.28 Million +13.20%
2011-12-31 CN¥576.20 Million +56.87%
2010-12-31 CN¥367.32 Million +7.27%
2009-12-31 CN¥342.42 Million +2.13%
2008-12-31 CN¥335.28 Million -0.52%
2007-12-31 CN¥337.02 Million +4.66%
2006-12-31 CN¥322.02 Million -0.29%
2005-12-31 CN¥322.96 Million +1.24%
2004-12-31 CN¥319.00 Million -0.13%
2003-12-31 CN¥319.42 Million +1.47%
2002-12-31 CN¥314.79 Million +1.06%
2001-12-31 CN¥311.49 Million +139.27%
2000-12-31 CN¥130.19 Million +14.58%
1999-12-31 CN¥113.62 Million --

Equity Component Analysis

This analysis shows how different components contribute to Hengli Petrochemical 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 1394243.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥36.17 Billion 57.06%
Common Stock CN¥7.04 Billion 11.10%
Other Components CN¥20.19 Billion 31.84%
Total Equity CN¥63.40 Billion 100.00%

Hengli Petrochemical Co Ltd Competitors by Market Cap

The table below lists competitors of Hengli Petrochemical Co Ltd ranked by their market capitalization.

Company Market Cap
NewJersey Resources Corporation
NYSE:NJR
 		$5.19 Billion
Land Securities Group plc
PINK:LSGOF
 		$5.19 Billion
Compañía de Minas Buenaventura S.A.A
F:MBU
 		$5.20 Billion
Davide Campari Milano SpA
IL:0ROY
 		$5.20 Billion
Everus Construction Group Inc
NYSE:ECG
 		$5.18 Billion
Ingenic Semiconductor
SHE:300223
 		$5.18 Billion
NEPI Rockcastle PLC
AS:NRP
 		$5.18 Billion
Avantor Inc
NYSE:AVTR
 		$5.18 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 59,992,401,026 to 63,399,177,000, a change of 3,406,775,974 (5.7%).
  • Net income of 7,043,568,000 contributed positively to equity growth.
  • Dividend payments of 9,441,369,000 reduced retained earnings.
  • Other factors increased equity by 5,804,576,974.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥7.04 Billion +11.11%
Dividends Paid CN¥9.44 Billion -14.89%
Other Changes CN¥5.80 Billion +9.16%
Total Change CN¥- 5.68%

Book Value vs Market Value Analysis

This analysis compares Hengli Petrochemical 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: 2.55x
  • 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 138.16x to 2.55x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1999-12-31 CN¥0.17 CN¥22.96 x
2000-12-31 CN¥0.19 CN¥22.96 x
2001-12-31 CN¥0.46 CN¥22.96 x
2002-12-31 CN¥0.46 CN¥22.96 x
2003-12-31 CN¥0.47 CN¥22.96 x
2004-12-31 CN¥0.47 CN¥22.96 x
2005-12-31 CN¥0.47 CN¥22.96 x
2006-12-31 CN¥0.47 CN¥22.96 x
2007-12-31 CN¥0.50 CN¥22.96 x
2008-12-31 CN¥0.49 CN¥22.96 x
2009-12-31 CN¥0.50 CN¥22.96 x
2010-12-31 CN¥0.49 CN¥22.96 x
2011-12-31 CN¥0.79 CN¥22.96 x
2012-12-31 CN¥0.74 CN¥22.96 x
2013-12-31 CN¥0.80 CN¥22.96 x
2014-12-31 CN¥1.66 CN¥22.96 x
2015-12-31 CN¥0.15 CN¥22.96 x
2016-12-31 CN¥1.60 CN¥22.96 x
2017-12-31 CN¥1.12 CN¥22.96 x
2018-12-31 CN¥3.99 CN¥22.96 x
2019-12-31 CN¥5.22 CN¥22.96 x
2020-12-31 CN¥6.69 CN¥22.96 x
2021-12-31 CN¥8.14 CN¥22.96 x
2022-12-31 CN¥7.51 CN¥22.96 x
2023-12-31 CN¥8.51 CN¥22.96 x
2024-12-31 CN¥9.00 CN¥22.96 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hengli Petrochemical 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): 11.11%
  • The company shows good efficiency in utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.98%
  • • Asset Turnover: 0.87x
  • • Equity Multiplier: 4.31x
  • Recent ROE (11.11%) is below the historical average (12.97%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1999 10.56% 5.98% 0.58x 3.05x CN¥631.39K
2000 10.60% 6.55% 0.63x 2.57x CN¥786.54K
2001 5.12% 7.17% 0.42x 1.70x CN¥-15.20 Million
2002 2.72% 4.09% 0.38x 1.73x CN¥-22.93 Million
2003 1.45% 1.83% 0.45x 1.76x CN¥-27.31 Million
2004 1.51% 1.77% 0.48x 1.77x CN¥-27.07 Million
2005 0.85% 0.92% 0.49x 1.89x CN¥-29.54 Million
2006 0.89% 0.87% 0.54x 1.90x CN¥-29.32 Million
2007 1.09% 0.79% 0.61x 2.28x CN¥-29.85 Million
2008 0.65% 0.45% 0.47x 3.06x CN¥-31.12 Million
2009 1.28% 1.02% 0.32x 3.88x CN¥-29.49 Million
2010 1.26% 0.73% 0.29x 5.93x CN¥-29.19 Million
2011 -13.62% -7.90% 0.34x 5.05x CN¥-128.28 Million
2012 3.38% 1.45% 0.47x 4.96x CN¥-37.68 Million
2013 1.93% 0.91% 0.42x 5.04x CN¥-46.26 Million
2014 -28.87% -21.83% 0.29x 4.54x CN¥-257.43 Million
2015 149.24% 3.33% 6.39x 7.02x CN¥574.59 Million
2016 20.13% 6.13% 0.98x 3.36x CN¥593.86 Million
2017 44.65% 6.73% 2.41x 2.75x CN¥2.48 Billion
2018 12.04% 5.53% 0.48x 4.54x CN¥563.84 Million
2019 27.59% 9.95% 0.58x 4.80x CN¥6.39 Billion
2020 28.70% 8.83% 0.80x 4.07x CN¥8.77 Billion
2021 27.14% 7.84% 0.94x 3.67x CN¥9.81 Billion
2022 4.39% 1.04% 0.92x 4.57x CN¥-2.97 Billion
2023 11.51% 2.94% 0.90x 4.34x CN¥905.36 Million
2024 11.11% 2.98% 0.87x 4.31x CN¥703.65 Million

Industry Comparison

This section compares Hengli Petrochemical Co Ltd's net assets metrics with peer companies in the Chemicals industry.

Industry Context

  • Industry: Chemicals
  • Average net assets among peers: $2,626,916,213
  • Average return on equity (ROE) among peers: 12.41%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hengli Petrochemical Co Ltd (600346) CN¥64.65 Billion 10.56% 3.24x $5.19 Billion
North Huajin Chemical Industries Co Ltd (000059) $6.22 Billion 3.15% 2.45x $677.73 Million
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301) $1.22 Billion 8.90% 0.47x $2.89 Billion
Zangge Holding Co Ltd (000408) $13.85 Billion 18.63% 0.09x $11.87 Billion
Sichuan Jinlu Group Co Ltd (000510) $31.03 Million 11.65% 3.42x $1.15 Billion
Jilin Gpro Titanium Industry Co Ltd (000545) $258.76 Million 6.78% 0.30x $423.89 Million
Aoyuan Beauty Valley Technology Co Ltd (000615) $54.68 Million 39.27% 1.16x $225.85 Million
Ningxia Younglight Chemicals Co Ltd (000635) $184.46 Million 13.30% 2.58x $295.21 Million
Maoming Petro-Chemical Shihua Co Ltd (000637) $691.87 Million 1.61% 0.02x $187.22 Million
Shenyang Chemical Industry Co Ltd (000698) $3.01 Billion 7.14% 1.28x $240.44 Million
Hubei Shuanghuan Science and Technology Stock Co Ltd (000707) $759.12 Million 13.65% 0.22x $412.94 Million