Hengtong Optic Electric Co Ltd (600487) - Net Assets

Latest as of March 2026: CN¥35.70 Billion CNY ≈ $5.22 Billion USD

Based on the latest financial reports, Hengtong Optic Electric Co Ltd (600487) has net assets worth CN¥35.70 Billion CNY (≈ $5.22 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¥74.17 Billion ≈ $10.85 Billion USD) and total liabilities (CN¥38.48 Billion ≈ $5.63 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 Hengtong Optic Electric Co Ltd (600487) tangible net worth to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥35.70 Billion
% of Total Assets	48.12%
Annual Growth Rate	24.82%
5-Year Change	41.69%
10-Year Change	414.49%
Growth Volatility	37.31

Hengtong Optic Electric Co Ltd - Net Assets Trend (2000–2025)

This chart illustrates how Hengtong Optic Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Hengtong Optic Electric Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Hengtong Optic Electric Co Ltd (2000–2025)

The table below shows the annual net assets of Hengtong Optic Electric Co Ltd from 2000 to 2025. For live valuation and market cap data, see 600487 market cap.

Year	Net Assets	Change
2025-12-31	CN¥34.93 Billion ≈ $5.11 Billion	+13.03%
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 59163.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥17.63 Billion	55.48%
Other Components	CN¥14.15 Billion	44.52%
Total Equity	CN¥31.78 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
Universal Music Group N.V. AS:UMG	$40.09 Billion
ArcelorMittal SA AS:MT	$40.19 Billion
Waste Connections Inc TO:WCN	$40.23 Billion
LEGRAND UNSP.ARD 1/5 EO 4 F:LRC0	$40.25 Billion
CSL LTD SPON.ADR 2 F:CSJA	$40.06 Billion
JD.com Inc Adr NASDAQ:JD	$40.04 Billion
Block, Inc NYSE:XYZ	$40.02 Billion
Polski Koncern Naftowy ORLEN SA WAR:PKN	$39.96 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 2024 to 2025, total equity changed from 28,534,959,000 to 31,780,396,751, a change of 3,245,437,751 (11.4%).
Net income of 2,680,269,338 contributed positively to equity growth.
Dividend payments of 991,954,881 reduced retained earnings.
Other comprehensive income decreased equity by 541,434,000.
Other factors increased equity by 2,098,557,294.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥2.68 Billion	+8.43%
Dividends Paid	CN¥991.95 Million	-3.12%
Other Comprehensive Income	CN¥-541.43 Million	-1.7%
Other Changes	CN¥2.10 Billion	+6.6%
Total Change	CN¥-	11.37%

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: 8.62x
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 644.15x to 8.62x 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¥111.01	x
2001-12-31	CN¥0.21	CN¥111.01	x
2002-12-31	CN¥0.24	CN¥111.01	x
2003-12-31	CN¥0.75	CN¥111.01	x
2004-12-31	CN¥0.78	CN¥111.01	x
2005-12-31	CN¥0.83	CN¥111.01	x
2006-12-31	CN¥0.95	CN¥111.01	x
2007-12-31	CN¥1.02	CN¥111.01	x
2008-12-31	CN¥1.09	CN¥111.01	x
2009-12-31	CN¥1.23	CN¥111.01	x
2010-12-31	CN¥1.08	CN¥111.01	x
2011-12-31	CN¥1.65	CN¥111.01	x
2012-12-31	CN¥1.88	CN¥111.01	x
2013-12-31	CN¥2.08	CN¥111.01	x
2014-12-31	CN¥2.46	CN¥111.01	x
2015-12-31	CN¥2.66	CN¥111.01	x
2016-12-31	CN¥3.37	CN¥111.01	x
2017-12-31	CN¥5.70	CN¥111.01	x
2018-12-31	CN¥6.53	CN¥111.01	x
2019-12-31	CN¥7.13	CN¥111.01	x
2020-12-31	CN¥8.53	CN¥111.01	x
2021-12-31	CN¥8.95	CN¥111.01	x
2022-12-31	CN¥10.03	CN¥111.01	x
2023-12-31	CN¥10.36	CN¥111.01	x
2024-12-31	CN¥11.75	CN¥111.01	x
2025-12-31	CN¥12.88	CN¥111.01	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): 8.43%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.01%
• Asset Turnover: 0.92x
• Equity Multiplier: 2.28x
Recent ROE (8.43%) is below the historical average (13.32%), 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
2025	8.43%	4.01%	0.92x	2.28x	CN¥-497.77 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: $1,668,860,588
Average return on equity (ROE) among peers: -18.38%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Hengtong Optic Electric Co Ltd (600487)	CN¥35.70 Billion	32.39%	1.08x	$40.06 Billion
ZTE Corp (000063)	$42.55 Million	189.70%	2.42x	$22.33 Billion
Shenzhen SDG Information Co Ltd (000070)	$2.88 Billion	11.20%	1.46x	$2.73 Billion
Addsino Co Ltd (000547)	$5.57 Billion	3.88%	0.24x	$4.61 Billion
Sichuan Huiyuan Optical Com (000586)	$260.80 Million	1.16%	1.11x	$431.95 Million
PetroChina Jinhong Energy Investment Co Ltd (000669)	$1.39 Billion	-102.15%	5.62x	$401.25 Million
Sichuan Jiuzhou Electronic Co Ltd (000801)	$178.59 Million	6.04%	0.38x	$1.72 Billion
Skyworth Digital Co Ltd (000810)	$4.56 Billion	9.25%	1.46x	$2.07 Billion
Gohigh Data Networks Technology Co Ltd (000851)	$820.93 Million	-279.00%	4.69x	$64.38 Million
Shenzhen Coship Electronics Co Ltd (002052)	$870.26 Million	-47.89%	2.43x	$930.39 Million
Sunwave Communications Co Ltd (002115)	$112.36 Million	24.04%	1.27x	$1.39 Billion

About Hengtong Optic Electric Co Ltd

SHG:600487 China Communication Equipment

Market Cap

$40.06 Billion

CN¥273.79 Billion CNY

Market Cap Rank

#679 Global

#46 in China

Share Price

CN¥111.01

Change (1 day)

+0.01%

52-Week Range

CN¥14.71 - CN¥111.01

All Time High

CN¥111.01