Huali Industries

SHG:603038 China Furnishings, Fixtures & Appliances
Market Cap
$578.20 Million
CN¥4.24 Billion CNY
Market Cap Rank
#13056 Global
#3307 in China
Share Price
CN¥15.79
Change (1 day)
-0.63%
52-Week Range
CN¥12.21 - CN¥23.07
All Time High
CN¥137.66
Categories
Companies in China Furnishings, Fixtures & Appliances
About

Dongguan Huali Industries Co.,Ltd researches and develops, designs, produces, and sells decorative composite materials in China and internationally. It offers Melamine edge-banding, ABS edge-banding, PVC edge-banding, 3D edge-banding, LASER / HOT AIR edge banding etc.; bumper strip, sealing strip, golden-silver line, skirting board, kitchen skirting, wave board, flooring profile, Roman column, do… Read more

Huali Industries (603038) - Net Assets

Latest net assets as of September 2025: CN¥1.63 Billion CNY

Based on the latest financial reports, Huali Industries (603038) has net assets worth CN¥1.63 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.86 Billion) and total liabilities (CN¥1.23 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥1.63 Billion
% of Total Assets 57.02%
Annual Growth Rate 17.89%
5-Year Change 45.42%
10-Year Change 248.89%
Growth Volatility 19.68

Huali Industries - Net Assets Trend (2011–2024)

This chart illustrates how Huali Industries's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Huali Industries (2011–2024)

The table below shows the annual net assets of Huali Industries from 2011 to 2024.

Year Net Assets Change
2024-12-31 CN¥1.58 Billion +15.50%
2023-12-31 CN¥1.37 Billion +0.94%
2022-12-31 CN¥1.36 Billion +0.14%
2021-12-31 CN¥1.36 Billion +24.56%
2020-12-31 CN¥1.09 Billion -0.93%
2019-12-31 CN¥1.10 Billion +7.25%
2018-12-31 CN¥1.02 Billion +8.97%
2017-12-31 CN¥939.78 Million +77.50%
2016-12-31 CN¥529.46 Million +16.73%
2015-12-31 CN¥453.56 Million +18.13%
2014-12-31 CN¥383.96 Million +22.73%
2013-12-31 CN¥312.86 Million +27.82%
2012-12-31 CN¥244.77 Million +31.45%
2011-12-31 CN¥186.21 Million --

Equity Component Analysis

This analysis shows how different components contribute to Huali Industries'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 424.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥641.07 Million 47.12%
Common Stock CN¥268.68 Million 19.75%
Other Components CN¥450.65 Million 33.13%
Total Equity CN¥1.36 Billion 100.00%

Huali Industries Competitors by Market Cap

The table below lists competitors of Huali Industries ranked by their market capitalization.

Company Market Cap
HOSHF
PINK:HOSHF
 		$288.34 Million
Nanhua Bio Medicine Co Ltd
SHE:000504
 		$288.51 Million
Zhong Fu Tong Co Ltd
SHE:300560
 		$288.57 Million
Infinity Natural Resources, Inc.
NYSE:INR
 		$288.61 Million
Ponce Financial Group Inc
NASDAQ:PDLB
 		$288.24 Million
Hap Seng Consolidated Bhd
KLSE:3034
 		$288.24 Million
Yduqs Participações S.A
SA:YDUQ3
 		$288.17 Million
Signature Bank
PINK:SBNYL
 		$288.11 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Huali Industries's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 1,346,416,365 to 1,360,395,563, a change of 13,979,198 (1.0%).
  • Net income of 23,101,276 contributed positively to equity growth.
  • Dividend payments of 29,461,972 reduced retained earnings.
  • Other factors increased equity by 20,339,894.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥23.10 Million +1.7%
Dividends Paid CN¥29.46 Million -2.17%
Other Changes CN¥20.34 Million +1.5%
Total Change CN¥- 1.04%

Book Value vs Market Value Analysis

This analysis compares Huali Industries'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: 2.98x
  • 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 11.58x to 2.98x 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¥1.36 CN¥15.79 x
2012-12-31 CN¥1.78 CN¥15.79 x
2013-12-31 CN¥2.28 CN¥15.79 x
2014-12-31 CN¥2.80 CN¥15.79 x
2015-12-31 CN¥3.32 CN¥15.79 x
2016-12-31 CN¥3.86 CN¥15.79 x
2017-12-31 CN¥5.22 CN¥15.79 x
2018-12-31 CN¥5.49 CN¥15.79 x
2019-12-31 CN¥5.88 CN¥15.79 x
2020-12-31 CN¥5.88 CN¥15.79 x
2021-12-31 CN¥6.79 CN¥15.79 x
2022-12-31 CN¥6.46 CN¥15.79 x
2023-12-31 CN¥5.01 CN¥15.79 x
2024-12-31 CN¥5.30 CN¥15.79 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Huali Industries 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): 1.70%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 2.19%
  • • Asset Turnover: 0.36x
  • • Equity Multiplier: 2.14x
  • Recent ROE (1.70%) is below the historical average (11.52%), 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 27.54% 13.99% 1.19x 1.65x CN¥32.66 Million
2012 24.16% 14.88% 0.99x 1.63x CN¥34.66 Million
2013 21.77% 15.74% 0.96x 1.44x CN¥36.81 Million
2014 18.59% 15.28% 0.82x 1.49x CN¥32.98 Million
2015 15.38% 14.27% 0.74x 1.45x CN¥24.42 Million
2016 18.70% 17.60% 0.73x 1.45x CN¥46.05 Million
2017 9.67% 13.99% 0.57x 1.22x CN¥-3.08 Million
2018 8.20% 11.00% 0.60x 1.25x CN¥-18.23 Million
2019 8.67% 10.30% 0.64x 1.32x CN¥-14.39 Million
2020 3.14% 3.92% 0.54x 1.48x CN¥-74.24 Million
2021 1.62% 1.86% 0.57x 1.53x CN¥-111.78 Million
2022 0.80% 1.38% 0.38x 1.52x CN¥-122.82 Million
2023 1.38% 2.35% 0.39x 1.51x CN¥-116.05 Million
2024 1.70% 2.19% 0.36x 2.14x CN¥-112.94 Million

Industry Comparison

This section compares Huali Industries's net assets metrics with peer companies in the Furnishings, Fixtures & Appliances industry.

Industry Context

  • Industry: Furnishings, Fixtures & Appliances
  • Average net assets among peers: $21,724,256,275
  • Average return on equity (ROE) among peers: 12.68%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Huali Industries (603038) CN¥1.63 Billion 27.54% 0.75x $288.34 Million
Midea Group Co Ltd (000333) $174.30 Billion 19.35% 1.79x $52.26 Billion
Gree Electric Appliances Inc of Zhuhai (000651) $18.38 Billion 28.50% 3.64x $20.32 Billion
Hisense Kelon Electrical Holdings Co Ltd (000921) $4.47 Billion 12.97% 2.19x $1.73 Billion
Suncha Technology Co Ltd (001211) $871.29 Million 3.26% 1.13x $140.14 Million
Beijing Liven Technology Co. Ltd. (001259) $147.07 Million 8.03% 1.46x $103.19 Million
De Rucci Healthy Sleep Co. Ltd. (001323) $4.36 Billion 16.25% 0.33x $252.27 Million
Tongda Smart Tech (Xiamen) Co. Ltd. A (001368) $1.41 Billion 7.18% 0.18x $107.70 Million
Hefei Snowky Elec Co Ltd (001387) $243.27 Million 1.71% 3.79x $137.43 Million
Elec-Tech International Co Ltd (002005) $5.99 Billion 0.33% 1.24x $402.60 Million
Zhejiang Supor Co Ltd (002032) $7.07 Billion 29.23% 0.83x $795.41 Million