Hengli Petrochemical Co Ltd (600346) - Net Assets

Latest as of March 2026: CN¥70.72 Billion CNY ≈ $10.35 Billion USD

Based on the latest financial reports, Hengli Petrochemical Co Ltd (600346) has net assets worth CN¥70.72 Billion CNY (≈ $10.35 Billion 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¥276.57 Billion ≈ $40.47 Billion USD) and total liabilities (CN¥205.84 Billion ≈ $30.12 Billion 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 Hengli Petrochemical Co Ltd tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥70.72 Billion
% of Total Assets	25.57%
Annual Growth Rate	27.79%
5-Year Change	16.56%
10-Year Change	1006.8%
Growth Volatility	220.11

Hengli Petrochemical Co Ltd - Net Assets Trend (1999–2025)

This chart illustrates how Hengli Petrochemical Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600346 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Hengli Petrochemical Co Ltd (1999–2025)

The table below shows the annual net assets of Hengli Petrochemical Co Ltd from 1999 to 2025. For live valuation and market cap data, see market cap of Hengli Petrochemical Co Ltd.

Year	Net Assets	Change
2025-12-31	CN¥66.79 Billion ≈ $9.77 Billion	+5.32%
2024-12-31	CN¥63.42 Billion ≈ $9.28 Billion	+5.70%
2023-12-31	CN¥60.00 Billion ≈ $8.78 Billion	+13.38%
2022-12-31	CN¥52.92 Billion ≈ $7.74 Billion	-7.64%
2021-12-31	CN¥57.30 Billion ≈ $8.38 Billion	+21.85%
2020-12-31	CN¥47.02 Billion ≈ $6.88 Billion	+28.00%
2019-12-31	CN¥36.74 Billion ≈ $5.38 Billion	+31.64%
2018-12-31	CN¥27.91 Billion ≈ $4.08 Billion	+279.43%
2017-12-31	CN¥7.36 Billion ≈ $1.08 Billion	+21.89%
2016-12-31	CN¥6.03 Billion ≈ $883.06 Million	+1127.65%
2015-12-31	CN¥491.56 Million ≈ $71.93 Million	-34.78%
2014-12-31	CN¥753.66 Million ≈ $110.28 Million	+12.54%
2013-12-31	CN¥669.65 Million ≈ $97.99 Million	+2.66%
2012-12-31	CN¥652.28 Million ≈ $95.45 Million	+13.20%
2011-12-31	CN¥576.20 Million ≈ $84.32 Million	+56.87%
2010-12-31	CN¥367.32 Million ≈ $53.75 Million	+7.27%
2009-12-31	CN¥342.42 Million ≈ $50.11 Million	+2.13%
2008-12-31	CN¥335.28 Million ≈ $49.06 Million	-0.52%
2007-12-31	CN¥337.02 Million ≈ $49.32 Million	+4.66%
2006-12-31	CN¥322.02 Million ≈ $47.12 Million	-0.29%
2005-12-31	CN¥322.96 Million ≈ $47.26 Million	+1.24%
2004-12-31	CN¥319.00 Million ≈ $46.68 Million	-0.13%
2003-12-31	CN¥319.42 Million ≈ $46.74 Million	+1.47%
2002-12-31	CN¥314.79 Million ≈ $46.06 Million	+1.06%
2001-12-31	CN¥311.49 Million ≈ $45.58 Million	+139.27%
2000-12-31	CN¥130.19 Million ≈ $19.05 Million	+14.58%
1999-12-31	CN¥113.62 Million ≈ $16.63 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 1522494.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥39.50 Billion	59.16%
Other Components	CN¥27.27 Billion	40.84%
Total Equity	CN¥66.77 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
TELEFONICA BRASIL ADR 1 F:TSPA	$17.63 Billion
Press Metal Bhd KLSE:8869	$17.65 Billion
BSE Limited NSE:BSE	$17.66 Billion
Solar Industries India Limited NSE:SOLARINDS	$17.67 Billion
ITT Inc NYSE:ITT	$17.60 Billion
SAIC Motor Corp Ltd SHG:600104	$17.59 Billion
Essex Property Trust Inc NYSE:ESS	$17.59 Billion
Cummins India Limited NSE:CUMMINSIND	$17.58 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 2024 to 2025, total equity changed from 63,399,177,000 to 66,773,313,601, a change of 3,374,136,601 (5.3%).
Net income of 7,074,582,388 contributed positively to equity growth.
Dividend payments of 8,352,593,535 reduced retained earnings.
Other factors increased equity by 4,652,147,749.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥7.07 Billion	+10.59%
Dividends Paid	CN¥8.35 Billion	-12.51%
Other Changes	CN¥4.65 Billion	+6.97%
Total Change	CN¥-	5.32%

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: 1.80x
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 102.90x to 1.80x 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¥17.10	x
2000-12-31	CN¥0.19	CN¥17.10	x
2001-12-31	CN¥0.46	CN¥17.10	x
2002-12-31	CN¥0.46	CN¥17.10	x
2003-12-31	CN¥0.47	CN¥17.10	x
2004-12-31	CN¥0.47	CN¥17.10	x
2005-12-31	CN¥0.47	CN¥17.10	x
2006-12-31	CN¥0.47	CN¥17.10	x
2007-12-31	CN¥0.50	CN¥17.10	x
2008-12-31	CN¥0.49	CN¥17.10	x
2009-12-31	CN¥0.50	CN¥17.10	x
2010-12-31	CN¥0.49	CN¥17.10	x
2011-12-31	CN¥0.79	CN¥17.10	x
2012-12-31	CN¥0.74	CN¥17.10	x
2013-12-31	CN¥0.80	CN¥17.10	x
2014-12-31	CN¥1.66	CN¥17.10	x
2015-12-31	CN¥0.15	CN¥17.10	x
2016-12-31	CN¥1.60	CN¥17.10	x
2017-12-31	CN¥1.12	CN¥17.10	x
2018-12-31	CN¥3.99	CN¥17.10	x
2019-12-31	CN¥5.22	CN¥17.10	x
2020-12-31	CN¥6.69	CN¥17.10	x
2021-12-31	CN¥8.14	CN¥17.10	x
2022-12-31	CN¥7.51	CN¥17.10	x
2023-12-31	CN¥8.51	CN¥17.10	x
2024-12-31	CN¥9.00	CN¥17.10	x
2025-12-31	CN¥9.49	CN¥17.10	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): 10.59%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.52%
• Asset Turnover: 0.77x
• Equity Multiplier: 3.93x
Recent ROE (10.59%) is below the historical average (12.89%), 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
2025	10.59%	3.52%	0.77x	3.93x	CN¥397.25 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: $3,453,032,795
Average return on equity (ROE) among peers: 10.73%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hengli Petrochemical Co Ltd (600346)	CN¥70.72 Billion	10.56%	2.91x	$17.61 Billion
North Huajin Chemical Industries Co Ltd (000059)	$14.98 Billion	0.47%	1.13x	$940.88 Million
Sichuan Chemical Co Ltd (000155)	$3.79 Billion	7.95%	0.91x	$3.48 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$2.96 Billion	11.14%	0.24x	$11.21 Billion
Zangge Holding Co Ltd (000408)	$467.64 Million	3.25%	0.88x	$17.56 Billion
Sichuan Jinlu Group Co Ltd (000510)	$876.31 Million	7.71%	0.71x	$2.10 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$-38.74 Million	0.00%	0.00x	$348.02 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$47.44 Million	43.47%	1.32x	$891.94 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$149.01 Million	10.13%	0.47x	$376.61 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$771.01 Million	16.41%	0.10x	$286.04 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$10.53 Billion	6.76%	1.09x	$3.42 Billion

About Hengli Petrochemical Co Ltd

SHG:600346 China Chemicals

Market Cap

$17.61 Billion

CN¥120.37 Billion CNY

Market Cap Rank

#1443 Global

#129 in China

Share Price

CN¥17.10

Change (1 day)

-4.04%

52-Week Range

CN¥13.87 - CN¥26.74

All Time High

CN¥43.42