Haohua Chemical Science & Technology Corp Ltd (600378) - Net Assets

Latest as of September 2025: CN¥18.58 Billion CNY ≈ $2.72 Billion USD

Based on the latest financial reports, Haohua Chemical Science & Technology Corp Ltd (600378) has net assets worth CN¥18.58 Billion CNY (≈ $2.72 Billion USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥30.81 Billion ≈ $4.51 Billion USD) and total liabilities (CN¥12.23 Billion ≈ $1.79 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 600378 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥18.58 Billion
% of Total Assets	60.31%
Annual Growth Rate	23.36%
5-Year Change	169.28%
10-Year Change	2240.06%
Growth Volatility	108.23

Haohua Chemical Science & Technology Corp Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Haohua Chemical Science & Technology Corp Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Haohua Chemical Science & Technology Cor total assets for the complete picture of this company's asset base.

Annual Net Assets for Haohua Chemical Science & Technology Corp Ltd (1997–2024)

The table below shows the annual net assets of Haohua Chemical Science & Technology Corp Ltd from 1997 to 2024. For live valuation and market cap data, see Haohua Chemical Science & Technology Cor (600378) total market value.

Year	Net Assets	Change
2024-12-31	CN¥17.57 Billion ≈ $2.57 Billion	+105.33%
2023-12-31	CN¥8.56 Billion ≈ $1.25 Billion	+4.07%
2022-12-31	CN¥8.22 Billion ≈ $1.20 Billion	+13.56%
2021-12-31	CN¥7.24 Billion ≈ $1.06 Billion	+10.96%
2020-12-31	CN¥6.53 Billion ≈ $954.89 Million	+7.33%
2019-12-31	CN¥6.08 Billion ≈ $889.67 Million	+22.01%
2018-12-31	CN¥4.98 Billion ≈ $729.15 Million	+526.41%
2017-12-31	CN¥795.47 Million ≈ $116.40 Million	+6.65%
2016-12-31	CN¥745.88 Million ≈ $109.15 Million	-0.67%
2015-12-31	CN¥750.91 Million ≈ $109.88 Million	+2.17%
2014-12-31	CN¥734.96 Million ≈ $107.55 Million	+7.25%
2013-12-31	CN¥685.28 Million ≈ $100.28 Million	+5.77%
2012-12-31	CN¥647.92 Million ≈ $94.81 Million	+9.74%
2011-12-31	CN¥590.41 Million ≈ $86.40 Million	+11.61%
2010-12-31	CN¥528.99 Million ≈ $77.41 Million	+7.61%
2009-12-31	CN¥491.58 Million ≈ $71.93 Million	+9.14%
2008-12-31	CN¥450.41 Million ≈ $65.91 Million	+13.47%
2007-12-31	CN¥396.95 Million ≈ $58.09 Million	+8.10%
2006-12-31	CN¥367.20 Million ≈ $53.73 Million	-12.96%
2005-12-31	CN¥421.89 Million ≈ $61.74 Million	+1.98%
2004-12-31	CN¥413.71 Million ≈ $60.54 Million	-9.41%
2003-12-31	CN¥456.71 Million ≈ $66.83 Million	+9.39%
2002-12-31	CN¥417.52 Million ≈ $61.10 Million	+1.26%
2001-12-31	CN¥412.31 Million ≈ $60.33 Million	+3.14%
2000-12-31	CN¥399.74 Million ≈ $58.49 Million	+260.04%
1999-12-31	CN¥111.03 Million ≈ $16.25 Million	+49.97%
1998-12-31	CN¥74.03 Million ≈ $10.83 Million	+21.92%
1997-12-31	CN¥60.72 Million ≈ $8.89 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Haohua Chemical Science & Technology Corp 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 661837946900.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥6.62 Billion	38.66%
Common Stock	CN¥1.29 Billion	7.54%
Other Components	CN¥9.21 Billion	53.80%
Total Equity	CN¥17.12 Billion	100.00%

Haohua Chemical Science & Technology Corp Ltd Competitors by Market Cap

The table below lists competitors of Haohua Chemical Science & Technology Corp Ltd ranked by their market capitalization.

Company	Market Cap
Camtek Ltd TA:CAMT	$6.88 Billion
AXIS Capital Holdings Limited F:AXV	$6.88 Billion
Mineral Resources Limited F:F5J	$6.88 Billion
Yongxing Special Stainless Steel Co Ltd SHE:002756	$6.88 Billion
Jiangsu Expressway Co Ltd SHG:600377	$6.87 Billion
Maxis Bhd KLSE:6012	$6.87 Billion
Sodexo SA PA:SW	$6.86 Billion
Allegro Microsystems Inc NASDAQ:ALGM	$6.86 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Haohua Chemical Science & Technology Corp Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 8,534,529,226 to 17,118,862,583, a change of 8,584,333,357 (100.6%).
Net income of 1,053,796,311 contributed positively to equity growth.
Dividend payments of 458,632,341 reduced retained earnings.
Other factors increased equity by 7,989,169,387.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥1.05 Billion	+6.16%
Dividends Paid	CN¥458.63 Million	-2.68%
Other Changes	CN¥7.99 Billion	+46.67%
Total Change	CN¥-	100.58%

Book Value vs Market Value Analysis

This analysis compares Haohua Chemical Science & Technology Corp 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: 2.35x
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 171.44x to 2.35x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1997-12-31	CN¥0.21	CN¥36.40	x
1998-12-31	CN¥0.26	CN¥36.40	x
1999-12-31	CN¥0.39	CN¥36.40	x
2000-12-31	CN¥1.40	CN¥36.40	x
2001-12-31	CN¥1.44	CN¥36.40	x
2002-12-31	CN¥1.46	CN¥36.40	x
2003-12-31	CN¥1.58	CN¥36.40	x
2004-12-31	CN¥1.39	CN¥36.40	x
2005-12-31	CN¥1.41	CN¥36.40	x
2006-12-31	CN¥1.21	CN¥36.40	x
2007-12-31	CN¥1.30	CN¥36.40	x
2008-12-31	CN¥1.45	CN¥36.40	x
2009-12-31	CN¥1.56	CN¥36.40	x
2010-12-31	CN¥1.71	CN¥36.40	x
2011-12-31	CN¥1.96	CN¥36.40	x
2012-12-31	CN¥2.10	CN¥36.40	x
2013-12-31	CN¥2.24	CN¥36.40	x
2014-12-31	CN¥2.43	CN¥36.40	x
2015-12-31	CN¥2.55	CN¥36.40	x
2016-12-31	CN¥2.48	CN¥36.40	x
2017-12-31	CN¥0.95	CN¥36.40	x
2018-12-31	CN¥5.81	CN¥36.40	x
2019-12-31	CN¥6.98	CN¥36.40	x
2020-12-31	CN¥7.17	CN¥36.40	x
2021-12-31	CN¥8.04	CN¥36.40	x
2022-12-31	CN¥9.08	CN¥36.40	x
2023-12-31	CN¥9.39	CN¥36.40	x
2024-12-31	CN¥15.48	CN¥36.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Haohua Chemical Science & Technology Corp 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): 6.16%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.55%
• Asset Turnover: 0.46x
• Equity Multiplier: 1.76x
Recent ROE (6.16%) is below the historical average (9.99%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1997	23.02%	11.91%	0.97x	1.99x	CN¥7.90 Million
1998	25.18%	20.07%	0.63x	1.98x	CN¥11.24 Million
1999	18.54%	16.03%	0.69x	1.67x	CN¥9.48 Million
2000	5.49%	15.82%	0.28x	1.23x	CN¥-18.03 Million
2001	5.72%	16.52%	0.27x	1.27x	CN¥-17.62 Million
2002	3.17%	8.68%	0.29x	1.25x	CN¥-28.54 Million
2003	7.46%	17.42%	0.35x	1.24x	CN¥-11.46 Million
2004	-8.29%	-11.79%	0.51x	1.37x	CN¥-72.91 Million
2005	0.91%	1.25%	0.50x	1.44x	CN¥-36.56 Million
2006	-8.85%	-8.34%	0.67x	1.59x	CN¥-65.46 Million
2007	6.34%	4.80%	0.76x	1.73x	CN¥-13.73 Million
2008	13.08%	9.36%	0.87x	1.61x	CN¥13.30 Million
2009	8.76%	8.20%	0.73x	1.47x	CN¥-5.87 Million
2010	8.53%	8.93%	0.64x	1.49x	CN¥-7.51 Million
2011	10.70%	9.95%	0.66x	1.62x	CN¥3.99 Million
2012	10.93%	10.48%	0.62x	1.67x	CN¥5.88 Million
2013	11.18%	10.91%	0.61x	1.67x	CN¥7.90 Million
2014	10.68%	12.61%	0.54x	1.58x	CN¥4.90 Million
2015	5.89%	9.12%	0.48x	1.35x	CN¥-30.17 Million
2016	3.63%	6.92%	0.40x	1.33x	CN¥-47.48 Million
2017	40.96%	8.94%	3.45x	1.33x	CN¥246.30 Million
2018	10.87%	12.44%	0.51x	1.70x	CN¥42.45 Million
2019	9.15%	11.06%	0.56x	1.47x	CN¥-50.31 Million
2020	10.08%	11.95%	0.54x	1.56x	CN¥5.04 Million
2021	12.37%	12.01%	0.64x	1.62x	CN¥170.80 Million
2022	14.21%	12.85%	0.59x	1.88x	CN¥344.96 Million
2023	13.86%	8.15%	0.92x	1.85x	CN¥329.82 Million
2024	6.16%	7.55%	0.46x	1.76x	CN¥-658.09 Million

Industry Comparison

This section compares Haohua Chemical Science & Technology Corp Ltd's net assets metrics with peer companies in the Chemicals industry.

Industry Context

Industry: Chemicals
Average net assets among peers: $1,178,306,039
Average return on equity (ROE) among peers: 10.00%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Haohua Chemical Science & Technology Corp Ltd (600378)	CN¥18.58 Billion	23.02%	0.66x	$6.87 Billion
North Huajin Chemical Industries Co Ltd (000059)	$1.81 Billion	5.56%	1.48x	$1.33 Billion
Sichuan Chemical Co Ltd (000155)	$505.75 Million	22.40%	1.18x	$4.71 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$2.48 Billion	3.69%	0.56x	$12.84 Billion
Zangge Holding Co Ltd (000408)	$54.34 Million	16.98%	1.99x	$20.51 Billion
Sichuan Jinlu Group Co Ltd (000510)	$610.23 Million	-19.65%	0.75x	$1.34 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$2.00 Billion	8.28%	0.37x	$436.10 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$176.24 Million	15.53%	0.23x	$871.02 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$768.33 Million	5.42%	4.18x	$470.62 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$423.45 Million	10.96%	0.24x	$366.68 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$2.95 Billion	30.81%	1.19x	$4.87 Billion

About Haohua Chemical Science & Technology Corp Ltd

SHG:600378 China Chemicals

Market Cap

$6.87 Billion

CN¥46.96 Billion CNY

Market Cap Rank

#2901 Global

#385 in China

Share Price

CN¥36.40

Change (1 day)

+2.05%

52-Week Range

CN¥23.65 - CN¥39.74

All Time High

CN¥50.75