Harbin VITI Electronics Corp (603023) - Net Assets
Based on the latest financial reports, Harbin VITI Electronics Corp (603023) has net assets worth CN¥782.31 Million CNY (≈ $114.48 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¥917.55 Million ≈ $134.27 Million USD) and total liabilities (CN¥135.24 Million ≈ $19.79 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 603023 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥782.31 Million |
| % of Total Assets | 85.26% |
| Annual Growth Rate | 14.94% |
| 5-Year Change | 3.7% |
| 10-Year Change | 71.63% |
| Growth Volatility | 46.85 |
Harbin VITI Electronics Corp - Net Assets Trend (2009–2024)
This chart illustrates how Harbin VITI Electronics Corp's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Harbin VITI Electronics Corp for the complete picture of this company's asset base.
Annual Net Assets for Harbin VITI Electronics Corp (2009–2024)
The table below shows the annual net assets of Harbin VITI Electronics Corp from 2009 to 2024. For live valuation and market cap data, see how much is Harbin VITI Electronics Corp worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥784.41 Million ≈ $114.78 Million |
+1.33% |
| 2023-12-31 | CN¥774.11 Million ≈ $113.28 Million |
+1.33% |
| 2022-12-31 | CN¥763.92 Million ≈ $111.79 Million |
+0.11% |
| 2021-12-31 | CN¥763.10 Million ≈ $111.67 Million |
+0.88% |
| 2020-12-31 | CN¥756.41 Million ≈ $110.69 Million |
+5.75% |
| 2019-12-31 | CN¥715.30 Million ≈ $104.67 Million |
+9.82% |
| 2018-12-31 | CN¥651.31 Million ≈ $95.31 Million |
+15.82% |
| 2017-12-31 | CN¥562.36 Million ≈ $82.29 Million |
+6.16% |
| 2016-12-31 | CN¥529.72 Million ≈ $77.51 Million |
+15.90% |
| 2015-12-31 | CN¥457.04 Million ≈ $66.88 Million |
+184.96% |
| 2014-12-31 | CN¥160.39 Million ≈ $23.47 Million |
-29.00% |
| 2013-12-31 | CN¥225.88 Million ≈ $33.05 Million |
-3.04% |
| 2012-12-31 | CN¥232.97 Million ≈ $34.09 Million |
+35.79% |
| 2011-12-31 | CN¥171.57 Million ≈ $25.11 Million |
+23.32% |
| 2010-12-31 | CN¥139.13 Million ≈ $20.36 Million |
+43.17% |
| 2009-12-31 | CN¥97.18 Million ≈ $14.22 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Harbin VITI Electronics Corp'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 247.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥15.95 Million | 2.07% |
| Common Stock | CN¥562.08 Million | 72.95% |
| Other Components | CN¥192.46 Million | 24.98% |
| Total Equity | CN¥770.49 Million | 100.00% |
Harbin VITI Electronics Corp Competitors by Market Cap
The table below lists competitors of Harbin VITI Electronics Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Samji Electronics Co. Ltd
KQ:037460
|
$380.67 Million |
|
Enseval Putra Megatrading Tbk
JK:EPMT
|
$380.92 Million |
|
Firan Technology Group Corporation
TO:FTG
|
$380.95 Million |
|
Nexxen International Ltd
NASDAQ:NEXN
|
$381.13 Million |
|
Daeduck Co. Ltd.
KO:008060
|
$380.47 Million |
|
Fujian Superpipe
SHE:300198
|
$380.39 Million |
|
Guangzhou Improve Med Instrument
SHE:300030
|
$380.05 Million |
|
Kirloskar Industries Limited
NSE:KIRLOSIND
|
$379.93 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harbin VITI Electronics Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 774,104,120 to 770,493,703, a change of -3,610,417 (-0.5%).
- Net income of 5,055,483 contributed positively to equity growth.
- Share repurchases of 8,665,900 reduced equity.
- Other comprehensive income decreased equity by 65,950,775.
- Other factors increased equity by 65,950,775.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥5.06 Million | +0.66% |
| Share Repurchases | CN¥8.67 Million | -1.12% |
| Other Comprehensive Income | CN¥-65.95 Million | -8.56% |
| Other Changes | CN¥65.95 Million | +8.56% |
| Total Change | CN¥- | -0.47% |
Book Value vs Market Value Analysis
This analysis compares Harbin VITI Electronics Corp'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: 3.40x
- 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 18.29x to 3.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.25 | CN¥4.66 | x |
| 2010-12-31 | CN¥0.36 | CN¥4.66 | x |
| 2011-12-31 | CN¥0.44 | CN¥4.66 | x |
| 2012-12-31 | CN¥0.60 | CN¥4.66 | x |
| 2013-12-31 | CN¥0.58 | CN¥4.66 | x |
| 2014-12-31 | CN¥0.62 | CN¥4.66 | x |
| 2015-12-31 | CN¥2.88 | CN¥4.66 | x |
| 2016-12-31 | CN¥1.02 | CN¥4.66 | x |
| 2017-12-31 | CN¥1.09 | CN¥4.66 | x |
| 2018-12-31 | CN¥1.51 | CN¥4.66 | x |
| 2019-12-31 | CN¥1.33 | CN¥4.66 | x |
| 2020-12-31 | CN¥1.35 | CN¥4.66 | x |
| 2021-12-31 | CN¥1.36 | CN¥4.66 | x |
| 2022-12-31 | CN¥1.37 | CN¥4.66 | x |
| 2023-12-31 | CN¥1.38 | CN¥4.66 | x |
| 2024-12-31 | CN¥1.37 | CN¥4.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harbin VITI Electronics Corp 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): 0.66%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.75%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 1.15x
- Recent ROE (0.66%) is below the historical average (17.03%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 26.27% | 24.64% | 0.89x | 1.20x | CN¥15.81 Million |
| 2010 | 33.67% | 30.88% | 0.87x | 1.26x | CN¥32.94 Million |
| 2011 | 39.89% | 41.73% | 0.79x | 1.21x | CN¥51.29 Million |
| 2012 | 26.36% | 39.39% | 0.55x | 1.21x | CN¥38.10 Million |
| 2013 | 31.39% | 38.43% | 0.63x | 1.29x | CN¥48.33 Million |
| 2014 | 52.69% | 41.70% | 0.91x | 1.40x | CN¥68.46 Million |
| 2015 | 17.50% | 39.37% | 0.39x | 1.13x | CN¥34.28 Million |
| 2016 | 17.12% | 42.91% | 0.36x | 1.10x | CN¥37.71 Million |
| 2017 | 12.21% | 34.44% | 0.32x | 1.10x | CN¥12.40 Million |
| 2018 | 10.01% | 32.26% | 0.24x | 1.30x | CN¥34.44K |
| 2019 | 3.19% | 16.55% | 0.17x | 1.15x | CN¥-48.68 Million |
| 2020 | 2.07% | 18.56% | 0.11x | 1.03x | CN¥-59.95 Million |
| 2021 | 0.88% | 9.42% | 0.09x | 1.03x | CN¥-69.62 Million |
| 2022 | 0.57% | 5.94% | 0.09x | 1.05x | CN¥-72.35 Million |
| 2023 | -2.03% | -29.70% | 0.07x | 1.02x | CN¥-93.15 Million |
| 2024 | 0.66% | 7.75% | 0.07x | 1.15x | CN¥-71.99 Million |
Industry Comparison
This section compares Harbin VITI Electronics Corp's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,881,043,646
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Harbin VITI Electronics Corp (603023) | CN¥782.31 Million | 26.27% | 0.17x | $380.58 Million |
| FAWER Automotive Parts Ltd Co (000030) | $149.16 Million | 41.73% | 4.63x | $1.25 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $8.78 Billion | 7.81% | 0.91x | $8.06 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $2.30 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $36.86 Million | 0.00% | 2.57x | $1.14 Billion |
| Qingdao Doublestar Co Ltd (000599) | $2.50 Billion | 2.32% | 1.02x | $718.30 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $214.90 Million | 5.52% | 0.47x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $319.83 Million | -26.00% | 1.36x | $793.62 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $436.87 Million | 11.97% | 0.48x | $1.66 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $498.43 Million | 3.21% | 1.20x | $381.97 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $515.59 Million | 31.51% | 1.08x | $3.42 Billion |
About Harbin VITI Electronics Corp
Harbin VITI Electronics Co., Ltd. researches and develops, manufactures, and sells automobile electronic products for cars and buses in China. It offers bus digital color LCD combination instruments; bus slave and master modules; bus bridge, processor, and management modules; bus instruments; and bus rear light, headlight, chassis, and top control modules. The company also provides bus signal dis… Read more