Hangzhou Heatwell Electric Heating Technology Co., Ltd.
Hangzhou Heatwell Electric Heating Technology Co., Ltd. engages in the research and development, production, and sale of electric heating elements and components in China and internationally. The company offers heating elements for kitchen equipment, such as microwave ovens, ovens, dishwashers, coffee machines, refrigerators, water dispensers, stoves; laundry equipment, such as washing machine an… Read more
Hangzhou Heatwell Electric Heating Technology Co., Ltd. (603075) - Net Assets
Latest net assets as of September 2025: CN¥2.10 Billion CNY
Based on the latest financial reports, Hangzhou Heatwell Electric Heating Technology Co., Ltd. (603075) has net assets worth CN¥2.10 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¥3.02 Billion) and total liabilities (CN¥922.62 Million). 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¥2.10 Billion |
| % of Total Assets | 69.47% |
| Annual Growth Rate | 27.61% |
| 5-Year Change | 162.62% |
| 10-Year Change | N/A |
| Growth Volatility | 31.2 |
Hangzhou Heatwell Electric Heating Technology Co., Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Hangzhou Heatwell Electric Heating Technology Co., Ltd.'s net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hangzhou Heatwell Electric Heating Technology Co., Ltd. (2019–2024)
The table below shows the annual net assets of Hangzhou Heatwell Electric Heating Technology Co., Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.11 Billion | +5.44% |
| 2023-12-31 | CN¥2.00 Billion | +91.28% |
| 2022-12-31 | CN¥1.05 Billion | +16.08% |
| 2021-12-31 | CN¥900.30 Million | +12.18% |
| 2020-12-31 | CN¥802.56 Million | +28.91% |
| 2019-12-31 | CN¥622.57 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Heatwell Electric Heating Technology 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 532.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥594.51 Million | 28.27% |
| Common Stock | CN¥402.55 Million | 19.14% |
| Other Comprehensive Income | CN¥107.19 Million | 5.10% |
| Other Components | CN¥998.96 Million | 47.50% |
| Total Equity | CN¥2.10 Billion | 100.00% |
Hangzhou Heatwell Electric Heating Technology Co., Ltd. Competitors by Market Cap
The table below lists competitors of Hangzhou Heatwell Electric Heating Technology Co., Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cairo Communication S.p.A.
LSE:0N7I
|
$130.79 Million |
|
Kg Chemical
KO:001390
|
$130.84 Million |
|
Olympia Financial Group Inc
TO:OLY
|
$130.87 Million |
|
Horizon Construction Development Limited
F:B7H
|
$130.88 Million |
|
Pacific Textiles Holdings Limited
PINK:PTEXF
|
$130.77 Million |
|
Shanghai Longyun Advg & Media
SHG:603729
|
$130.76 Million |
|
Adira Dinamika Multi Finance
JK:ADMF
|
$130.76 Million |
|
Sligro Food Group N.V.
PINK:SIGRF
|
$130.70 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Heatwell Electric Heating Technology Co., Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,993,273,209 to 2,103,209,107, a change of 109,935,898 (5.5%).
- Net income of 299,737,171 contributed positively to equity growth.
- Dividend payments of 206,095,279 reduced retained earnings.
- Other comprehensive income decreased equity by 74,401,595.
- Other factors increased equity by 90,695,601.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥299.74 Million | +14.25% |
| Dividends Paid | CN¥206.10 Million | -9.8% |
| Other Comprehensive Income | CN¥-74.40 Million | -3.54% |
| Other Changes | CN¥90.70 Million | +4.31% |
| Total Change | CN¥- | 5.52% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Heatwell Electric Heating Technology 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: 4.31x
- 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 15.52x to 4.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥1.46 | CN¥22.63 | x |
| 2020-12-31 | CN¥1.91 | CN¥22.63 | x |
| 2021-12-31 | CN¥2.25 | CN¥22.63 | x |
| 2022-12-31 | CN¥2.60 | CN¥22.63 | x |
| 2023-12-31 | CN¥5.42 | CN¥22.63 | x |
| 2024-12-31 | CN¥5.24 | CN¥22.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Heatwell Electric Heating Technology 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): 14.25%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.58%
- • Asset Turnover: 0.64x
- • Equity Multiplier: 1.42x
- Recent ROE (14.25%) is below the historical average (20.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 29.62% | 12.93% | 0.95x | 2.41x | CN¥114.46 Million |
| 2020 | 14.96% | 7.85% | 0.77x | 2.49x | CN¥37.86 Million |
| 2021 | 25.73% | 12.85% | 0.89x | 2.25x | CN¥141.58 Million |
| 2022 | 23.19% | 14.32% | 0.80x | 2.01x | CN¥137.37 Million |
| 2023 | 12.54% | 14.92% | 0.61x | 1.39x | CN¥50.67 Million |
| 2024 | 14.25% | 15.58% | 0.64x | 1.42x | CN¥89.42 Million |
Industry Comparison
This section compares Hangzhou Heatwell Electric Heating Technology Co., Ltd.'s net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Heatwell Electric Heating Technology Co., Ltd. (603075) | CN¥2.10 Billion | 29.62% | 0.44x | $130.78 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |