Hengtong Optic Electric Co Ltd (600487) - Net Assets
Based on the latest financial reports, Hengtong Optic Electric Co Ltd (600487) has net assets worth CN¥33.30 Billion CNY (≈ $4.87 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¥71.91 Billion ≈ $10.52 Billion USD) and total liabilities (CN¥38.61 Billion ≈ $5.65 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 asset resilience ratio of Hengtong Optic Electric Co Ltd to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of Hengtong Optic Electric Co Ltd for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 600487 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥30.90 Billion ≈ $4.52 Billion |
+9.89% |
| 2023-12-31 | CN¥28.12 Billion ≈ $4.11 Billion |
+4.52% |
| 2022-12-31 | CN¥26.90 Billion ≈ $3.94 Billion |
+9.14% |
| 2021-12-31 | CN¥24.65 Billion ≈ $3.61 Billion |
+5.60% |
| 2020-12-31 | CN¥23.34 Billion ≈ $3.42 Billion |
+41.77% |
| 2019-12-31 | CN¥16.46 Billion ≈ $2.41 Billion |
+21.95% |
| 2018-12-31 | CN¥13.50 Billion ≈ $1.98 Billion |
+22.04% |
| 2017-12-31 | CN¥11.06 Billion ≈ $1.62 Billion |
+62.96% |
| 2016-12-31 | CN¥6.79 Billion ≈ $993.38 Million |
+27.92% |
| 2015-12-31 | CN¥5.31 Billion ≈ $776.57 Million |
+16.29% |
| 2014-12-31 | CN¥4.56 Billion ≈ $667.80 Million |
+46.12% |
| 2013-12-31 | CN¥3.12 Billion ≈ $457.01 Million |
+10.96% |
| 2012-12-31 | CN¥2.81 Billion ≈ $411.87 Million |
+12.18% |
| 2011-12-31 | CN¥2.51 Billion ≈ $367.16 Million |
+55.86% |
| 2010-12-31 | CN¥1.61 Billion ≈ $235.57 Million |
+9.69% |
| 2009-12-31 | CN¥1.47 Billion ≈ $214.75 Million |
+14.91% |
| 2008-12-31 | CN¥1.28 Billion ≈ $186.89 Million |
+6.49% |
| 2007-12-31 | CN¥1.20 Billion ≈ $175.51 Million |
+7.76% |
| 2006-12-31 | CN¥1.11 Billion ≈ $162.87 Million |
+46.46% |
| 2005-12-31 | CN¥759.93 Million ≈ $111.20 Million |
+5.90% |
| 2004-12-31 | CN¥717.61 Million ≈ $105.01 Million |
+15.43% |
| 2003-12-31 | CN¥621.70 Million ≈ $90.97 Million |
+192.74% |
| 2002-12-31 | CN¥212.37 Million ≈ $31.08 Million |
+29.40% |
| 2001-12-31 | CN¥164.12 Million ≈ $24.02 Million |
+19.89% |
| 2000-12-31 | CN¥136.90 Million ≈ $20.03 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 |
|---|---|
|
Verisk Analytics Inc
NASDAQ:VRSK
|
$23.73 Billion |
|
BK MANDIRI (PE).ADR/20 ON
F:PQ90
|
$23.73 Billion |
|
Bunge Limited
NYSE:BG
|
$23.75 Billion |
|
Hana Financial
KO:086790
|
$23.75 Billion |
|
ABN AMRO BK.UNSP.ADR/1
F:AB2A
|
$23.71 Billion |
|
HANSOH PHARMAC. HD-00001
F:3KY
|
$23.69 Billion |
|
POSCO Holdings
KO:005490
|
$23.68 Billion |
|
Hanmi Semicon
KO:042700
|
$23.66 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: 5.59x
- 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 381.23x to 5.59x 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¥65.70 | x |
| 2001-12-31 | CN¥0.21 | CN¥65.70 | x |
| 2002-12-31 | CN¥0.24 | CN¥65.70 | x |
| 2003-12-31 | CN¥0.75 | CN¥65.70 | x |
| 2004-12-31 | CN¥0.78 | CN¥65.70 | x |
| 2005-12-31 | CN¥0.83 | CN¥65.70 | x |
| 2006-12-31 | CN¥0.95 | CN¥65.70 | x |
| 2007-12-31 | CN¥1.02 | CN¥65.70 | x |
| 2008-12-31 | CN¥1.09 | CN¥65.70 | x |
| 2009-12-31 | CN¥1.23 | CN¥65.70 | x |
| 2010-12-31 | CN¥1.08 | CN¥65.70 | x |
| 2011-12-31 | CN¥1.65 | CN¥65.70 | x |
| 2012-12-31 | CN¥1.88 | CN¥65.70 | x |
| 2013-12-31 | CN¥2.08 | CN¥65.70 | x |
| 2014-12-31 | CN¥2.46 | CN¥65.70 | x |
| 2015-12-31 | CN¥2.66 | CN¥65.70 | x |
| 2016-12-31 | CN¥3.37 | CN¥65.70 | x |
| 2017-12-31 | CN¥5.70 | CN¥65.70 | x |
| 2018-12-31 | CN¥6.53 | CN¥65.70 | x |
| 2019-12-31 | CN¥7.13 | CN¥65.70 | x |
| 2020-12-31 | CN¥8.53 | CN¥65.70 | x |
| 2021-12-31 | CN¥8.95 | CN¥65.70 | x |
| 2022-12-31 | CN¥10.03 | CN¥65.70 | x |
| 2023-12-31 | CN¥10.36 | CN¥65.70 | x |
| 2024-12-31 | CN¥11.75 | CN¥65.70 | 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: $3,019,839,616
- Average return on equity (ROE) among peers: 0.63%
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 | $23.72 Billion |
| ZTE Corp (000063) | $12.89 Billion | 9.72% | 2.04x | $21.63 Billion |
| Shenzhen SDG Information Co Ltd (000070) | $1.26 Billion | 4.41% | 1.07x | $2.38 Billion |
| Addsino Co Ltd (000547) | $1.76 Billion | 6.83% | 0.47x | $5.75 Billion |
| Sichuan Huiyuan Optical Com (000586) | $301.15 Million | 8.68% | 0.71x | $501.31 Million |
| PetroChina Jinhong Energy Investment Co Ltd (000669) | $2.31 Billion | 12.98% | 1.49x | $417.18 Million |
| Sichuan Jiuzhou Electronic Co Ltd (000801) | $2.95 Billion | 4.92% | 0.86x | $1.90 Billion |
| Skyworth Digital Co Ltd (000810) | $4.31 Billion | 8.91% | 1.38x | $2.14 Billion |
| Gohigh Data Networks Technology Co Ltd (000851) | $2.15 Billion | 1.16% | 0.67x | $64.38 Million |
| Shenzhen Coship Electronics Co Ltd (002052) | $377.97 Million | -53.76% | 1.52x | $1.11 Billion |
| Sunwave Communications Co Ltd (002115) | $1.89 Billion | 2.50% | 1.29x | $1.71 Billion |
About Hengtong Optic Electric Co Ltd
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