Hengtong Optic Electric Co Ltd

SHG:600487 China Communication Equipment
Market Cap
$16.70 Billion
CN¥122.55 Billion CNY
Market Cap Rank
#1505 Global
#68 in China
Share Price
CN¥49.68
Change (1 day)
-3.38%
52-Week Range
CN¥14.48 - CN¥51.42
All Time High
CN¥51.42
Categories
Companies in China Communication Equipment Technology AI & Machine Learning
About

Hengtong Optic-Electric Co., Ltd. engages in communication network and energy interconnection businesses in China and internationally. It offers bare overhead conductor, railway contact line, OPGW, HV and EHV cables systems, medium and low voltage cables, and aluminium and alloy rods and extended products; and railway, elevator, telecom copper, and optical fiber cables, as well as ODN, preform, a… Read more

Hengtong Optic Electric Co Ltd (600487) - Net Assets

Latest net assets as of September 2025: CN¥33.30 Billion CNY

Based on the latest financial reports, Hengtong Optic Electric Co Ltd (600487) has net assets worth CN¥33.30 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¥71.91 Billion) and total liabilities (CN¥38.61 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¥33.30 Billion
% of Total Assets 46.31%
Annual Growth Rate 25.33%
5-Year Change 32.38%
10-Year Change 482.27%
Growth Volatility 37.94

Hengtong Optic Electric Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Hengtong Optic Electric 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 Hengtong Optic Electric Co Ltd (2000–2024)

The table below shows the annual net assets of Hengtong Optic Electric Co Ltd from 2000 to 2024.

Year Net Assets Change
2024-12-31 CN¥30.90 Billion +9.89%
2023-12-31 CN¥28.12 Billion +4.52%
2022-12-31 CN¥26.90 Billion +9.14%
2021-12-31 CN¥24.65 Billion +5.60%
2020-12-31 CN¥23.34 Billion +41.77%
2019-12-31 CN¥16.46 Billion +21.95%
2018-12-31 CN¥13.50 Billion +22.04%
2017-12-31 CN¥11.06 Billion +62.96%
2016-12-31 CN¥6.79 Billion +27.92%
2015-12-31 CN¥5.31 Billion +16.29%
2014-12-31 CN¥4.56 Billion +46.12%
2013-12-31 CN¥3.12 Billion +10.96%
2012-12-31 CN¥2.81 Billion +12.18%
2011-12-31 CN¥2.51 Billion +55.86%
2010-12-31 CN¥1.61 Billion +9.69%
2009-12-31 CN¥1.47 Billion +14.91%
2008-12-31 CN¥1.28 Billion +6.49%
2007-12-31 CN¥1.20 Billion +7.76%
2006-12-31 CN¥1.11 Billion +46.46%
2005-12-31 CN¥759.93 Million +5.90%
2004-12-31 CN¥717.61 Million +15.43%
2003-12-31 CN¥621.70 Million +192.74%
2002-12-31 CN¥212.37 Million +29.40%
2001-12-31 CN¥164.12 Million +19.89%
2000-12-31 CN¥136.90 Million --

Equity Component Analysis

This analysis shows how different components contribute to Hengtong Optic Electric 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 52546.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥15.66 Billion 54.90%
Common Stock CN¥2.47 Billion 8.64%
Other Comprehensive Income CN¥541.43 Million 1.90%
Other Components CN¥9.86 Billion 34.56%
Total Equity CN¥28.53 Billion 100.00%

Hengtong Optic Electric Co Ltd Competitors by Market Cap

The table below lists competitors of Hengtong Optic Electric Co Ltd ranked by their market capitalization.

Company Market Cap
Nova Measuring Instruments Ltd
F:NMR
 		$11.55 Billion
ASR Nederland NV
AS:ASRNL
 		$11.56 Billion
Nova Minerals Limited Warrant
NASDAQ:NVAWW
 		$11.57 Billion
Bajaj Auto Limited
NSE:BAJAJ-AUTO
 		$11.57 Billion
Elanco Animal Health
NYSE:ELAN
 		$11.52 Billion
Advanced Energy Industries Inc
NASDAQ:AEIS
 		$11.51 Billion
FISHER + PAYKEL HEALTH.
F:FPLB
 		$11.49 Billion
XCMG Construction Machinery Co Ltd
SHE:000425
 		$11.49 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 25,642,878,413 to 28,534,959,000, a change of 2,892,080,587 (11.3%).
  • Net income of 2,768,822,000 contributed positively to equity growth.
  • Dividend payments of 838,715,618 reduced retained earnings.
  • Share repurchases of 155,612,242 reduced equity.
  • Other comprehensive income decreased equity by 103,846,257.
  • Other factors increased equity by 1,221,432,704.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥2.77 Billion +9.7%
Dividends Paid CN¥838.72 Million -2.94%
Share Repurchases CN¥155.61 Million -0.55%
Other Comprehensive Income CN¥-103.85 Million -0.36%
Other Changes CN¥1.22 Billion +4.28%
Total Change CN¥- 11.28%

Book Value vs Market Value Analysis

This analysis compares Hengtong Optic Electric 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: 4.23x
  • 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 288.27x to 4.23x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2000-12-31 CN¥0.17 CN¥49.68 x
2001-12-31 CN¥0.21 CN¥49.68 x
2002-12-31 CN¥0.24 CN¥49.68 x
2003-12-31 CN¥0.75 CN¥49.68 x
2004-12-31 CN¥0.78 CN¥49.68 x
2005-12-31 CN¥0.83 CN¥49.68 x
2006-12-31 CN¥0.95 CN¥49.68 x
2007-12-31 CN¥1.02 CN¥49.68 x
2008-12-31 CN¥1.09 CN¥49.68 x
2009-12-31 CN¥1.23 CN¥49.68 x
2010-12-31 CN¥1.08 CN¥49.68 x
2011-12-31 CN¥1.65 CN¥49.68 x
2012-12-31 CN¥1.88 CN¥49.68 x
2013-12-31 CN¥2.08 CN¥49.68 x
2014-12-31 CN¥2.46 CN¥49.68 x
2015-12-31 CN¥2.66 CN¥49.68 x
2016-12-31 CN¥3.37 CN¥49.68 x
2017-12-31 CN¥5.70 CN¥49.68 x
2018-12-31 CN¥6.53 CN¥49.68 x
2019-12-31 CN¥7.13 CN¥49.68 x
2020-12-31 CN¥8.53 CN¥49.68 x
2021-12-31 CN¥8.95 CN¥49.68 x
2022-12-31 CN¥10.03 CN¥49.68 x
2023-12-31 CN¥10.36 CN¥49.68 x
2024-12-31 CN¥11.75 CN¥49.68 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Hengtong Optic Electric 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): 9.70%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.62%
  • • Asset Turnover: 0.90x
  • • Equity Multiplier: 2.33x
  • Recent ROE (9.70%) is below the historical average (13.51%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 32.39% 11.05% 0.98x 2.99x CN¥30.66 Million
2001 42.85% 8.76% 1.74x 2.82x CN¥53.91 Million
2002 27.03% 8.01% 1.09x 3.10x CN¥31.92 Million
2003 6.13% 6.54% 0.61x 1.53x CN¥-23.09 Million
2004 6.49% 6.64% 0.52x 1.87x CN¥-21.82 Million
2005 7.41% 7.07% 0.54x 1.94x CN¥-17.03 Million
2006 5.82% 5.47% 0.62x 1.70x CN¥-41.74 Million
2007 7.42% 7.24% 0.56x 1.82x CN¥-27.63 Million
2008 9.34% 7.41% 0.67x 1.87x CN¥-7.57 Million
2009 14.24% 9.74% 0.65x 2.26x CN¥54.75 Million
2010 11.52% 7.81% 0.59x 2.49x CN¥21.50 Million
2011 11.29% 3.64% 0.85x 3.64x CN¥27.91 Million
2012 14.04% 4.42% 0.85x 3.72x CN¥99.28 Million
2013 10.75% 3.39% 0.86x 3.68x CN¥20.31 Million
2014 8.41% 3.30% 0.84x 3.03x CN¥-65.26 Million
2015 12.41% 4.22% 0.88x 3.35x CN¥111.18 Million
2016 22.51% 6.82% 0.98x 3.37x CN¥731.48 Million
2017 20.34% 8.11% 0.92x 2.73x CN¥1.07 Billion
2018 20.38% 7.48% 0.93x 2.93x CN¥1.29 Billion
2019 9.96% 4.29% 0.77x 3.02x CN¥-5.04 Million
2020 5.31% 3.28% 0.67x 2.43x CN¥-937.33 Million
2021 6.92% 3.48% 0.79x 2.53x CN¥-640.64 Million
2022 6.69% 3.41% 0.83x 2.35x CN¥-783.72 Million
2023 8.40% 4.52% 0.76x 2.44x CN¥-410.68 Million
2024 9.70% 4.62% 0.90x 2.33x CN¥-84.67 Million

Industry Comparison

This section compares Hengtong Optic Electric Co Ltd's net assets metrics with peer companies in the Communication Equipment industry.

Industry Context

  • Industry: Communication Equipment
  • Average net assets among peers: $1,454,925,256
  • Average return on equity (ROE) among peers: 2.36%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Hengtong Optic Electric Co Ltd (600487) CN¥33.30 Billion 32.39% 1.16x $11.55 Billion
Shenzhen SDG Information Co Ltd (000070) $2.97 Billion 0.38% 2.39x $1.17 Billion
Addsino Co Ltd (000547) $1.77 Billion 1.02% 0.25x $3.84 Billion
Sichuan Huiyuan Optical Com (000586) $206.04 Million 9.02% 1.52x $241.69 Million
PetroChina Jinhong Energy Investment Co Ltd (000669) $148.27 Million -0.70% 0.35x $346.82 Million
Skyworth Digital Co Ltd (000810) $2.35 Billion 19.37% 1.24x $684.32 Million
Gohigh Data Networks Technology Co Ltd (000851) $3.24 Billion 2.47% 1.39x $51.64 Million
Shenzhen Coship Electronics Co Ltd (002052) $231.11 Million -66.53% 2.00x $850.17 Million
Sunwave Communications Co Ltd (002115) $1.89 Billion 2.50% 1.29x $1.17 Billion
Invengo Information Technology Co Ltd (002161) $1.61 Billion 1.18% 0.17x $671.61 Million
Bus Online Co Ltd (002188) $112.36 Million 54.84% 1.24x $193.28 Million