Huadian Heavy Industries Co (601226) - Net Assets
Based on the latest financial reports, Huadian Heavy Industries Co (601226) has net assets worth CN¥4.52 Billion CNY (≈ $660.95 Million 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¥10.59 Billion ≈ $1.55 Billion USD) and total liabilities (CN¥6.08 Billion ≈ $889.31 Million 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 601226 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.52 Billion |
| % of Total Assets | 42.63% |
| Annual Growth Rate | 10.68% |
| 5-Year Change | 13.66% |
| 10-Year Change | 30.44% |
| Growth Volatility | 26.62 |
Huadian Heavy Industries Co - Net Assets Trend (2011–2025)
This chart illustrates how Huadian Heavy Industries Co's net assets have evolved over time, based on quarterly financial data. See Huadian Heavy Industries Co liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Huadian Heavy Industries Co (2011–2025)
The table below shows the annual net assets of Huadian Heavy Industries Co from 2011 to 2025. For live valuation and market cap data, see Huadian Heavy Industries Co stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.57 Billion ≈ $668.67 Million |
+2.37% |
| 2024-12-31 | CN¥4.46 Billion ≈ $653.19 Million |
+2.19% |
| 2023-12-31 | CN¥4.37 Billion ≈ $639.18 Million |
-0.26% |
| 2022-12-31 | CN¥4.38 Billion ≈ $640.87 Million |
+8.93% |
| 2021-12-31 | CN¥4.02 Billion ≈ $588.33 Million |
+7.81% |
| 2020-12-31 | CN¥3.73 Billion ≈ $545.71 Million |
+2.06% |
| 2019-12-31 | CN¥3.65 Billion ≈ $534.71 Million |
+1.80% |
| 2018-12-31 | CN¥3.59 Billion ≈ $525.25 Million |
+1.34% |
| 2017-12-31 | CN¥3.54 Billion ≈ $518.32 Million |
+1.11% |
| 2016-12-31 | CN¥3.50 Billion ≈ $512.62 Million |
-5.67% |
| 2015-12-31 | CN¥3.71 Billion ≈ $543.42 Million |
+4.17% |
| 2014-12-31 | CN¥3.56 Billion ≈ $521.65 Million |
+103.46% |
| 2013-12-31 | CN¥1.75 Billion ≈ $256.39 Million |
+26.02% |
| 2012-12-31 | CN¥1.39 Billion ≈ $203.44 Million |
+25.99% |
| 2011-12-31 | CN¥1.10 Billion ≈ $161.48 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Huadian Heavy Industries Co'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 1390.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.76 Billion | 40.09% |
| Other Components | CN¥2.63 Billion | 59.91% |
| Total Equity | CN¥4.40 Billion | 100.00% |
Huadian Heavy Industries Co Competitors by Market Cap
The table below lists competitors of Huadian Heavy Industries Co ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Rizhao Port Co Ltd
SHG:600017
|
$1.17 Billion |
|
Newag S.A.
WAR:NWG
|
$1.17 Billion |
|
Shenzhen Sunmoon Microelectronics Co. Ltd. A
SHG:688699
|
$1.17 Billion |
|
McEwen Mining Inc.
TO:MUX
|
$1.17 Billion |
|
Suncrete, Inc. Class A Common Stock
NASDAQ:RMIX
|
$1.17 Billion |
|
Sinosteel Engineering and Technology Co Ltd
SHE:000928
|
$1.17 Billion |
|
First Mid Illinois Bancshares Inc
NASDAQ:FMBH
|
$1.17 Billion |
|
Financial Street Holdings Co Ltd
SHE:000402
|
$1.17 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huadian Heavy Industries Co's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 4,281,496,321 to 4,398,365,892, a change of 116,869,571 (2.7%).
- Net income of 156,713,944 contributed positively to equity growth.
- Dividend payments of 40,678,455 reduced retained earnings.
- Other comprehensive income decreased equity by 229,759,849.
- Other factors increased equity by 230,593,931.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥156.71 Million | +3.56% |
| Dividends Paid | CN¥40.68 Million | -0.92% |
| Other Comprehensive Income | CN¥-229.76 Million | -5.22% |
| Other Changes | CN¥230.59 Million | +5.24% |
| Total Change | CN¥- | 2.73% |
Book Value vs Market Value Analysis
This analysis compares Huadian Heavy Industries Co'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: 1.82x
- 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 5.93x to 1.82x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.16 | CN¥6.88 | x |
| 2012-12-31 | CN¥1.47 | CN¥6.88 | x |
| 2013-12-31 | CN¥1.86 | CN¥6.88 | x |
| 2014-12-31 | CN¥3.81 | CN¥6.88 | x |
| 2015-12-31 | CN¥3.19 | CN¥6.88 | x |
| 2016-12-31 | CN¥3.01 | CN¥6.88 | x |
| 2017-12-31 | CN¥3.04 | CN¥6.88 | x |
| 2018-12-31 | CN¥3.08 | CN¥6.88 | x |
| 2019-12-31 | CN¥3.14 | CN¥6.88 | x |
| 2020-12-31 | CN¥3.20 | CN¥6.88 | x |
| 2021-12-31 | CN¥3.43 | CN¥6.88 | x |
| 2022-12-31 | CN¥3.60 | CN¥6.88 | x |
| 2023-12-31 | CN¥3.60 | CN¥6.88 | x |
| 2024-12-31 | CN¥3.68 | CN¥6.88 | x |
| 2025-12-31 | CN¥3.78 | CN¥6.88 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huadian Heavy Industries Co 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): 3.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.50%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 2.53x
- Recent ROE (3.56%) is below the historical average (7.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 21.26% | 6.56% | 0.95x | 3.40x | CN¥120.21 Million |
| 2012 | 21.89% | 6.76% | 1.03x | 3.13x | CN¥162.57 Million |
| 2013 | 20.66% | 7.53% | 0.88x | 3.14x | CN¥184.24 Million |
| 2014 | 10.27% | 5.85% | 0.71x | 2.47x | CN¥9.50 Million |
| 2015 | 7.07% | 5.07% | 0.62x | 2.27x | CN¥-108.13 Million |
| 2016 | -2.64% | -2.25% | 0.52x | 2.26x | CN¥-439.59 Million |
| 2017 | 1.07% | 0.78% | 0.61x | 2.24x | CN¥-313.83 Million |
| 2018 | 1.60% | 0.98% | 0.72x | 2.27x | CN¥-299.08 Million |
| 2019 | 2.27% | 1.15% | 0.78x | 2.53x | CN¥-280.23 Million |
| 2020 | 2.61% | 1.09% | 1.01x | 2.37x | CN¥-273.13 Million |
| 2021 | 7.63% | 2.94% | 0.97x | 2.68x | CN¥-94.16 Million |
| 2022 | 7.38% | 3.78% | 0.73x | 2.69x | CN¥-110.28 Million |
| 2023 | 2.33% | 1.36% | 0.62x | 2.75x | CN¥-321.43 Million |
| 2024 | 2.69% | 1.53% | 0.67x | 2.64x | CN¥-312.97 Million |
| 2025 | 3.56% | 1.50% | 0.94x | 2.53x | CN¥-283.12 Million |
Industry Comparison
This section compares Huadian Heavy Industries Co's net assets metrics with peer companies in the Engineering & Construction industry.
Industry Context
- Industry: Engineering & Construction
- Average net assets among peers: $5,337,506,041
- Average return on equity (ROE) among peers: 2.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huadian Heavy Industries Co (601226) | CN¥4.52 Billion | 21.26% | 1.35x | $1.17 Billion |
| Shenzhen Ecobeauty Co Ltd (000010) | $85.43 Million | -1.22% | 1.48x | $319.64 Million |
| Shenzhen Sed Industry Co Ltd (000032) | $1.02 Billion | 0.84% | 0.48x | $4.37 Billion |
| NORINCO International Cooperation Ltd (000065) | $5.45 Billion | 12.95% | 1.70x | $2.09 Billion |
| Shenzhen Tagen Group Co Ltd (000090) | $2.08 Billion | -5.51% | 1.59x | $926.92 Million |
| Shandong Hi-Speed Road&Bridge (000498) | $35.37 Billion | 6.57% | 3.62x | $1.14 Billion |
| Jinyuan Cement Co Ltd (000546) | $3.87 Billion | 9.07% | 1.07x | $589.45 Million |
| Hunan Investment Group Co Ltd (000548) | $1.79 Billion | 4.84% | 0.26x | $317.04 Million |
| ChengDu Hi-Tech Development Co Ltd (000628) | $447.10 Million | 0.48% | 3.19x | $2.77 Billion |
| Gansu Engineering Consulting Group Co Ltd (000779) | $755.13 Million | 2.68% | 0.20x | $524.43 Million |
| Hainan Expressway Co Ltd (000886) | $2.50 Billion | -9.06% | 0.24x | $614.96 Million |
About Huadian Heavy Industries Co
Huadian Heavy Industries Co., Ltd. engages in the provision of engineering solutions in China. The company operates through seven segments: Marine Energy, Hydrogen-Based Energy, Next-Generation Coal Power, High-End Steel Structures, Material Transportation, Green and Smart Ports, and New Energy System Equipment. It offers long-distance curved belt conveyors, tubular belt conveyors, ship unloaders… Read more