Shandong Huapeng Glass Co Ltd (603021) - Net Assets
Based on the latest financial reports, Shandong Huapeng Glass Co Ltd (603021) has net assets worth CN¥-55.22 Million CNY (≈ $-8.08 Million 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¥1.54 Billion ≈ $225.62 Million USD) and total liabilities (CN¥1.60 Billion ≈ $233.70 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 603021 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥-55.22 Million |
| % of Total Assets | -3.58% |
| Annual Growth Rate | -16.54% |
| 5-Year Change | -97.15% |
| 10-Year Change | -94.54% |
| Growth Volatility | 40.8 |
Shandong Huapeng Glass Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Shandong Huapeng Glass Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603021 current and non-current assets for the complete picture of this company's asset base.
Annual Net Assets for Shandong Huapeng Glass Co Ltd (2011–2024)
The table below shows the annual net assets of Shandong Huapeng Glass Co Ltd from 2011 to 2024. For live valuation and market cap data, see how much is Shandong Huapeng Glass Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥41.31 Million ≈ $6.04 Million |
-78.58% |
| 2023-12-31 | CN¥192.88 Million ≈ $28.22 Million |
-62.94% |
| 2022-12-31 | CN¥520.48 Million ≈ $76.16 Million |
-51.83% |
| 2021-12-31 | CN¥1.08 Billion ≈ $158.12 Million |
-25.37% |
| 2020-12-31 | CN¥1.45 Billion ≈ $211.86 Million |
+3.01% |
| 2019-12-31 | CN¥1.41 Billion ≈ $205.66 Million |
+2.97% |
| 2018-12-31 | CN¥1.36 Billion ≈ $199.73 Million |
-1.02% |
| 2017-12-31 | CN¥1.38 Billion ≈ $201.78 Million |
-0.24% |
| 2016-12-31 | CN¥1.38 Billion ≈ $202.27 Million |
+82.58% |
| 2015-12-31 | CN¥757.10 Million ≈ $110.79 Million |
+38.67% |
| 2014-12-31 | CN¥545.97 Million ≈ $79.89 Million |
+5.84% |
| 2013-12-31 | CN¥515.83 Million ≈ $75.48 Million |
+10.46% |
| 2012-12-31 | CN¥466.98 Million ≈ $68.33 Million |
+7.68% |
| 2011-12-31 | CN¥433.69 Million ≈ $63.46 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shandong Huapeng Glass 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 decreased by 458.2% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥319.95 Million | 580.67% |
| Other Components | CN¥635.28 Million | 1152.95% |
| Total Equity | CN¥55.10 Million | 100.00% |
Shandong Huapeng Glass Co Ltd Competitors by Market Cap
The table below lists competitors of Shandong Huapeng Glass Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Favite Inc
TW:3535
|
$351.17 Million |
|
Enento Group Plc
HE:ENENTO
|
$351.25 Million |
|
Nano Dimension Ltd
NASDAQ:NNDM
|
$351.26 Million |
|
Palmer Square Capital BDC Inc.
NYSE:PSBD
|
$351.31 Million |
|
Cigniti Technologies Limited
NSE:CIGNITITEC
|
$351.04 Million |
|
Shanghai Challenge Textile Co Ltd
SHE:002486
|
$351.00 Million |
|
FocalTech Systems Co Ltd
TW:3545
|
$350.93 Million |
|
Drugs Made In America Acquisition Corp. Ordinary Shares
NASDAQ:DMAA
|
$350.92 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shandong Huapeng Glass Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 202,174,548 to 55,100,273, a change of -147,074,275 (-72.7%).
- Net loss of 147,074,274 reduced equity.
- Dividend payments of 26,683,831 reduced retained earnings.
- Other factors increased equity by 26,683,830.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-147.07 Million | -266.92% |
| Dividends Paid | CN¥26.68 Million | -48.43% |
| Other Changes | CN¥26.68 Million | +48.43% |
| Total Change | CN¥- | -72.75% |
Book Value vs Market Value Analysis
This analysis compares Shandong Huapeng Glass 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: 43.55x
- 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 increased from 3.95x to 43.55x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥1.90 | CN¥7.50 | x |
| 2012-12-31 | CN¥2.03 | CN¥7.50 | x |
| 2013-12-31 | CN¥2.21 | CN¥7.50 | x |
| 2014-12-31 | CN¥2.34 | CN¥7.50 | x |
| 2015-12-31 | CN¥2.83 | CN¥7.50 | x |
| 2016-12-31 | CN¥4.46 | CN¥7.50 | x |
| 2017-12-31 | CN¥4.09 | CN¥7.50 | x |
| 2018-12-31 | CN¥4.08 | CN¥7.50 | x |
| 2019-12-31 | CN¥3.87 | CN¥7.50 | x |
| 2020-12-31 | CN¥3.90 | CN¥7.50 | x |
| 2021-12-31 | CN¥2.82 | CN¥7.50 | x |
| 2022-12-31 | CN¥1.64 | CN¥7.50 | x |
| 2023-12-31 | CN¥0.63 | CN¥7.50 | x |
| 2024-12-31 | CN¥0.17 | CN¥7.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shandong Huapeng Glass 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): -266.92%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -35.71%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 29.65x
- Recent ROE (-266.92%) is below the historical average (-33.81%), 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 | 13.16% | 7.49% | 0.66x | 2.65x | CN¥12.27 Million |
| 2012 | 10.44% | 6.25% | 0.58x | 2.90x | CN¥1.83 Million |
| 2013 | 9.06% | 5.75% | 0.53x | 2.96x | CN¥-4.28 Million |
| 2014 | 11.98% | 8.21% | 0.46x | 3.15x | CN¥9.57 Million |
| 2015 | 7.06% | 6.90% | 0.40x | 2.59x | CN¥-20.89 Million |
| 2016 | 3.81% | 7.38% | 0.26x | 2.01x | CN¥-83.36 Million |
| 2017 | 1.96% | 3.36% | 0.25x | 2.29x | CN¥-108.43 Million |
| 2018 | 1.47% | 2.46% | 0.28x | 2.17x | CN¥-114.60 Million |
| 2019 | -6.92% | -9.90% | 0.26x | 2.68x | CN¥-209.78 Million |
| 2020 | 6.08% | 7.76% | 0.28x | 2.83x | CN¥-49.64 Million |
| 2021 | -40.58% | -42.78% | 0.25x | 3.76x | CN¥-456.74 Million |
| 2022 | -79.77% | -54.34% | 0.33x | 4.50x | CN¥-469.71 Million |
| 2023 | -144.20% | -53.68% | 0.30x | 9.10x | CN¥-311.75 Million |
| 2024 | -266.92% | -35.71% | 0.25x | 29.65x | CN¥-152.58 Million |
Industry Comparison
This section compares Shandong Huapeng Glass Co Ltd's net assets metrics with peer companies in the Packaging & Containers industry.
Industry Context
- Industry: Packaging & Containers
- Average net assets among peers: $1,510,655,620
- Average return on equity (ROE) among peers: 6.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shandong Huapeng Glass Co Ltd (603021) | CN¥-55.22 Million | 13.16% | N/A | $351.14 Million |
| Zhuhai Zhongfu Enterprise Co Ltd (000659) | $606.44 Million | 3.69% | 3.09x | $758.20 Million |
| Huangshan Novel Co Ltd (002014) | $698.53 Million | 14.41% | 0.40x | $1.00 Billion |
| Shenzhen Jinjia Color Printing Group Co Ltd (002191) | $2.42 Billion | 9.27% | 0.55x | $805.15 Million |
| Xiamen Hexing Packaging Printing Co Ltd (002228) | $77.58 Million | 15.90% | 1.27x | $692.47 Million |
| Shenzhen Beauty Star Co Ltd (002243) | $1.56 Billion | 2.86% | 0.23x | $1.51 Billion |
| Zhejiang Great Southeast Co Ltd (002263) | $508.59 Million | 3.43% | 2.86x | $1.11 Billion |
| Shenzhen MYS Environmental Protection & Technology Co Ltd (002303) | $4.45 Billion | 7.83% | 0.33x | $761.87 Million |
| Shandong Lipeng Co Ltd (002374) | $537.39 Million | 5.62% | 0.26x | $511.34 Million |
| Zhejiang Zhongcheng Packing Material Co Ltd (002522) | $1.98 Billion | 1.81% | 0.57x | $841.65 Million |
| Shanghai Luxin Packing Materials Science&Technology Co Ltd (002565) | $2.27 Billion | 4.33% | 0.64x | $2.95 Billion |
About Shandong Huapeng Glass Co Ltd
Shandong Huapeng Glass Co.,Ltd. researches and develops, produces, and sells various glassware products and glass bottles primarily in China. The company offers ware products, including lead-free crystal glass products and molding goblets; fawles; and bottle products, such as food, wine, liquor, brandy, champagne, beverage, and olive oil bottles under the Shidao brand name. It also exports its pr… Read more