Harbin Hatou Investment Co Ltd (600864) - Net Assets
Based on the latest financial reports, Harbin Hatou Investment Co Ltd (600864) has net assets worth CN¥12.77 Billion CNY (≈ $1.87 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¥48.46 Billion ≈ $7.09 Billion USD) and total liabilities (CN¥35.70 Billion ≈ $5.22 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 tangible net worth ratio of Harbin Hatou Investment Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.77 Billion |
| % of Total Assets | 26.35% |
| Annual Growth Rate | 13.86% |
| 5-Year Change | -3.9% |
| 10-Year Change | -6.57% |
| Growth Volatility | 101.83 |
Harbin Hatou Investment Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Harbin Hatou Investment Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600864 defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Harbin Hatou Investment Co Ltd (1994–2025)
The table below shows the annual net assets of Harbin Hatou Investment Co Ltd from 1994 to 2025. For live valuation and market cap data, see 600864 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥12.85 Billion ≈ $1.88 Billion |
+0.48% |
| 2024-12-31 | CN¥12.78 Billion ≈ $1.87 Billion |
+3.18% |
| 2023-12-31 | CN¥12.39 Billion ≈ $1.81 Billion |
+3.39% |
| 2022-12-31 | CN¥11.98 Billion ≈ $1.75 Billion |
-10.34% |
| 2021-12-31 | CN¥13.37 Billion ≈ $1.96 Billion |
-2.40% |
| 2020-12-31 | CN¥13.70 Billion ≈ $2.00 Billion |
+1.41% |
| 2019-12-31 | CN¥13.50 Billion ≈ $1.98 Billion |
+6.07% |
| 2018-12-31 | CN¥12.73 Billion ≈ $1.86 Billion |
-6.71% |
| 2017-12-31 | CN¥13.65 Billion ≈ $2.00 Billion |
-0.74% |
| 2016-12-31 | CN¥13.75 Billion ≈ $2.01 Billion |
+243.32% |
| 2015-12-31 | CN¥4.00 Billion ≈ $586.01 Million |
-16.24% |
| 2014-12-31 | CN¥4.78 Billion ≈ $699.66 Million |
+52.25% |
| 2013-12-31 | CN¥3.14 Billion ≈ $459.56 Million |
+12.78% |
| 2012-12-31 | CN¥2.78 Billion ≈ $407.47 Million |
+12.37% |
| 2011-12-31 | CN¥2.48 Billion ≈ $362.61 Million |
+12.92% |
| 2010-12-31 | CN¥2.19 Billion ≈ $321.11 Million |
-7.35% |
| 2009-12-31 | CN¥2.37 Billion ≈ $346.57 Million |
+33.39% |
| 2008-12-31 | CN¥1.78 Billion ≈ $259.82 Million |
-45.13% |
| 2007-12-31 | CN¥3.24 Billion ≈ $473.57 Million |
+529.04% |
| 2006-12-31 | CN¥514.47 Million ≈ $75.28 Million |
+0.17% |
| 2005-12-31 | CN¥513.59 Million ≈ $75.15 Million |
+0.76% |
| 2004-12-31 | CN¥509.74 Million ≈ $74.59 Million |
+3.87% |
| 2003-12-31 | CN¥490.74 Million ≈ $71.81 Million |
+4.57% |
| 2002-12-31 | CN¥469.30 Million ≈ $68.67 Million |
-2.39% |
| 2001-12-31 | CN¥480.80 Million ≈ $70.36 Million |
+3.51% |
| 2000-12-31 | CN¥464.48 Million ≈ $67.97 Million |
+6.11% |
| 1999-12-31 | CN¥437.75 Million ≈ $64.06 Million |
+21.75% |
| 1998-12-31 | CN¥359.55 Million ≈ $52.61 Million |
+5.30% |
| 1997-12-31 | CN¥341.45 Million ≈ $49.97 Million |
+39.18% |
| 1996-12-31 | CN¥245.34 Million ≈ $35.90 Million |
+9.93% |
| 1995-12-31 | CN¥223.18 Million ≈ $32.66 Million |
-2.86% |
| 1994-12-31 | CN¥229.74 Million ≈ $33.62 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Harbin Hatou Investment 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 13920.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.73 Billion | 13.32% |
| Other Components | CN¥11.25 Billion | 86.68% |
| Total Equity | CN¥12.98 Billion | 100.00% |
Harbin Hatou Investment Co Ltd Competitors by Market Cap
The table below lists competitors of Harbin Hatou Investment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
AKSO HEALTH GR. (SPADR)/3
F:8HX
|
$1.60 Billion |
|
Develop Global Ltd
AU:DVP
|
$1.60 Billion |
|
Électricite de Strasbourg Société Anonyme
PA:ELEC
|
$1.60 Billion |
|
Target Hospitality Corp
NASDAQ:TH
|
$1.60 Billion |
|
Wondershare Technology Co Ltd Class A
SHE:300624
|
$1.60 Billion |
|
Bank First National Corp
NASDAQ:BFC
|
$1.60 Billion |
|
Shenzhen Hepalink Pharmaceutical Co Ltd
SHE:002399
|
$1.60 Billion |
|
Dynamic Holding Co. Ltd.
TW:3715
|
$1.60 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harbin Hatou Investment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 12,870,062,401 to 12,978,065,637, a change of 108,003,236 (0.8%).
- Net income of 347,733,263 contributed positively to equity growth.
- Dividend payments of 360,343,173 reduced retained earnings.
- Other comprehensive income decreased equity by 1,788,403,487.
- Other factors increased equity by 1,909,016,633.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥347.73 Million | +2.68% |
| Dividends Paid | CN¥360.34 Million | -2.78% |
| Other Comprehensive Income | CN¥-1.79 Billion | -13.78% |
| Other Changes | CN¥1.91 Billion | +14.71% |
| Total Change | CN¥- | 0.84% |
Book Value vs Market Value Analysis
This analysis compares Harbin Hatou Investment 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: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 5.33x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.99 | CN¥5.26 | x |
| 1995-12-31 | CN¥0.96 | CN¥5.26 | x |
| 1996-12-31 | CN¥1.05 | CN¥5.26 | x |
| 1997-12-31 | CN¥1.20 | CN¥5.26 | x |
| 1998-12-31 | CN¥1.29 | CN¥5.26 | x |
| 1999-12-31 | CN¥1.60 | CN¥5.26 | x |
| 2000-12-31 | CN¥1.67 | CN¥5.26 | x |
| 2001-12-31 | CN¥1.71 | CN¥5.26 | x |
| 2002-12-31 | CN¥0.73 | CN¥5.26 | x |
| 2003-12-31 | CN¥0.76 | CN¥5.26 | x |
| 2004-12-31 | CN¥0.79 | CN¥5.26 | x |
| 2005-12-31 | CN¥0.77 | CN¥5.26 | x |
| 2006-12-31 | CN¥1.81 | CN¥5.26 | x |
| 2007-12-31 | CN¥5.78 | CN¥5.26 | x |
| 2008-12-31 | CN¥3.01 | CN¥5.26 | x |
| 2009-12-31 | CN¥4.12 | CN¥5.26 | x |
| 2010-12-31 | CN¥3.82 | CN¥5.26 | x |
| 2011-12-31 | CN¥4.34 | CN¥5.26 | x |
| 2012-12-31 | CN¥4.88 | CN¥5.26 | x |
| 2013-12-31 | CN¥5.50 | CN¥5.26 | x |
| 2014-12-31 | CN¥8.47 | CN¥5.26 | x |
| 2015-12-31 | CN¥3.63 | CN¥5.26 | x |
| 2016-12-31 | CN¥9.50 | CN¥5.26 | x |
| 2017-12-31 | CN¥6.39 | CN¥5.26 | x |
| 2018-12-31 | CN¥6.20 | CN¥5.26 | x |
| 2019-12-31 | CN¥6.42 | CN¥5.26 | x |
| 2020-12-31 | CN¥6.53 | CN¥5.26 | x |
| 2021-12-31 | CN¥6.37 | CN¥5.26 | x |
| 2022-12-31 | CN¥5.74 | CN¥5.26 | x |
| 2023-12-31 | CN¥6.00 | CN¥5.26 | x |
| 2024-12-31 | CN¥6.01 | CN¥5.26 | x |
| 2025-12-31 | CN¥6.24 | CN¥5.26 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harbin Hatou Investment 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): 2.68%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.76%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 3.12x
- Recent ROE (2.68%) is below the historical average (5.57%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 6.71% | 14.25% | 0.35x | 1.35x | CN¥-7.56 Million |
| 1995 | 10.23% | 32.45% | 0.20x | 1.55x | CN¥518.07K |
| 1996 | 9.03% | 24.50% | 0.23x | 1.59x | CN¥-2.38 Million |
| 1997 | 9.03% | 12.24% | 0.28x | 2.62x | CN¥-2.71 Million |
| 1998 | 9.49% | 15.01% | 0.25x | 2.53x | CN¥-1.54 Million |
| 1999 | 5.95% | 11.56% | 0.23x | 2.21x | CN¥-15.13 Million |
| 2000 | 3.15% | 5.18% | 0.29x | 2.13x | CN¥-26.62 Million |
| 2001 | 4.72% | 8.77% | 0.23x | 2.30x | CN¥-20.99 Million |
| 2002 | 2.43% | 4.16% | 0.25x | 2.35x | CN¥-30.01 Million |
| 2003 | 3.95% | 6.48% | 0.27x | 2.26x | CN¥-24.94 Million |
| 2004 | 3.99% | 6.21% | 0.29x | 2.25x | CN¥-25.78 Million |
| 2005 | 0.44% | 0.53% | 0.35x | 2.34x | CN¥-40.34 Million |
| 2006 | -0.55% | -0.53% | 0.35x | 2.95x | CN¥-44.49 Million |
| 2007 | 10.03% | 58.40% | 0.11x | 1.60x | CN¥990.41K |
| 2008 | 17.58% | 47.36% | 0.19x | 2.00x | CN¥124.52 Million |
| 2009 | 9.46% | 28.87% | 0.18x | 1.81x | CN¥-12.12 Million |
| 2010 | 13.10% | 34.76% | 0.21x | 1.82x | CN¥64.97 Million |
| 2011 | 12.01% | 29.79% | 0.23x | 1.78x | CN¥47.71 Million |
| 2012 | 10.45% | 28.76% | 0.19x | 1.93x | CN¥12.09 Million |
| 2013 | 10.91% | 29.32% | 0.21x | 1.73x | CN¥27.50 Million |
| 2014 | 6.25% | 24.46% | 0.16x | 1.61x | CN¥-174.50 Million |
| 2015 | 11.85% | 13.29% | 0.55x | 1.61x | CN¥71.46 Million |
| 2016 | 2.53% | 14.38% | 0.08x | 2.18x | CN¥-1.01 Billion |
| 2017 | 2.66% | 13.98% | 0.06x | 3.42x | CN¥-987.70 Million |
| 2018 | -1.13% | -5.15% | 0.07x | 3.09x | CN¥-1.40 Billion |
| 2019 | 1.84% | 8.32% | 0.07x | 3.10x | CN¥-1.09 Billion |
| 2020 | 1.67% | 6.85% | 0.10x | 2.51x | CN¥-1.13 Billion |
| 2021 | 1.79% | 8.11% | 0.08x | 2.80x | CN¥-1.09 Billion |
| 2022 | -8.48% | -39.53% | 0.07x | 2.87x | CN¥-2.21 Billion |
| 2023 | 1.67% | 7.44% | 0.07x | 3.17x | CN¥-1.03 Billion |
| 2024 | 2.66% | 12.69% | 0.06x | 3.37x | CN¥-944.50 Million |
| 2025 | 2.68% | 12.76% | 0.07x | 3.12x | CN¥-950.07 Million |
Industry Comparison
This section compares Harbin Hatou Investment Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $4,627,563,730
- Average return on equity (ROE) among peers: 7.89%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harbin Hatou Investment Co Ltd (600864) | CN¥12.77 Billion | 6.71% | 2.80x | $1.60 Billion |
| Shenzhen Energy Group Co Ltd (000027) | $5.71 Billion | 9.06% | 0.42x | $4.79 Billion |
| Shenzhen Nanshan Power Co Ltd (000037) | $582.94 Million | 16.76% | 0.70x | $514.28 Million |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $5.54 Billion | -1.03% | 1.71x | $982.91 Million |
| An Hui Wenergy Co Ltd (000543) | $2.38 Billion | 7.25% | 0.14x | $2.66 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $4.21 Billion | 9.56% | 1.42x | $2.59 Billion |
| Guangdong Shaoneng Group Co Ltd (000601) | $4.88 Billion | -1.52% | 1.69x | $1.03 Billion |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $331.37 Million | 4.23% | 1.00x | $480.54 Million |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $804.64 Million | 17.73% | 14.30x | $2.07 Billion |
| Jilin Power Share Co Ltd (000875) | $14.28 Billion | 3.50% | 3.67x | $2.90 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $7.54 Billion | 13.34% | 1.88x | $1.54 Billion |
About Harbin Hatou Investment Co Ltd
Harbin Hatou Investment Co.,Ltd engages in thermal power and securities business in the People's Republic of China. The company engages in the securities brokerage, securities underwriting and sponsorship, securities investment consulting, and industrial and equity investment; and production and supply of electricity and heat; It is also involved in securities asset management. The company was fo… Read more