Hongsheng Heat Exchanger Mnfg
Wuxi Hongsheng Heat Exchanger Manufacturing Co., Ltd. engages in the research and development, design, production, and sales of heat exchangers and related products in China and internationally. The company offers aluminum plate-fin heat exchangers and thermal management systems. It also provides power lithium battery pack for energy storage, power energy storage, and household energy storage mar… Read more
Hongsheng Heat Exchanger Mnfg (603090) - Net Assets
Latest net assets as of September 2025: CN¥629.69 Million CNY
Based on the latest financial reports, Hongsheng Heat Exchanger Mnfg (603090) has net assets worth CN¥629.69 Million 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¥910.60 Million) and total liabilities (CN¥280.91 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¥629.69 Million |
| % of Total Assets | 69.15% |
| Annual Growth Rate | 12.44% |
| 5-Year Change | 16.88% |
| 10-Year Change | 148.8% |
| Growth Volatility | 23.23 |
Hongsheng Heat Exchanger Mnfg - Net Assets Trend (2011–2024)
This chart illustrates how Hongsheng Heat Exchanger Mnfg's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hongsheng Heat Exchanger Mnfg (2011–2024)
The table below shows the annual net assets of Hongsheng Heat Exchanger Mnfg from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥595.09 Million | +3.30% |
| 2023-12-31 | CN¥576.07 Million | +4.91% |
| 2022-12-31 | CN¥549.10 Million | +4.13% |
| 2021-12-31 | CN¥527.34 Million | +3.58% |
| 2020-12-31 | CN¥509.12 Million | -0.42% |
| 2019-12-31 | CN¥511.27 Million | +4.62% |
| 2018-12-31 | CN¥488.70 Million | +5.07% |
| 2017-12-31 | CN¥465.12 Million | +2.61% |
| 2016-12-31 | CN¥453.30 Million | +89.52% |
| 2015-12-31 | CN¥239.19 Million | +3.73% |
| 2014-12-31 | CN¥230.58 Million | +13.00% |
| 2013-12-31 | CN¥204.06 Million | +21.54% |
| 2012-12-31 | CN¥167.90 Million | +29.57% |
| 2011-12-31 | CN¥129.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hongsheng Heat Exchanger Mnfg'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 1220.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥222.78 Million | 38.51% |
| Common Stock | CN¥100.00 Million | 17.29% |
| Other Components | CN¥255.70 Million | 44.20% |
| Total Equity | CN¥578.49 Million | 100.00% |
Hongsheng Heat Exchanger Mnfg Competitors by Market Cap
The table below lists competitors of Hongsheng Heat Exchanger Mnfg ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Forge Global Holdings Inc
NYSE:FRGE
|
$456.29 Million |
|
Bukit Sembawang Estates Limited
F:B1W1
|
$456.38 Million |
|
Bros Eastern Co Ltd
SHG:601339
|
$456.40 Million |
|
KSB Ltd
NSE:KSB
|
$456.48 Million |
|
REVO INSURANCE SPA O.N.
F:H0O
|
$456.22 Million |
|
Nedap N.V
F:NE3
|
$456.22 Million |
|
Hangzhou Youngsun Intelligent
SHG:603901
|
$456.18 Million |
|
JK Lakshmi Cement Limited
NSE:JKLAKSHMI
|
$455.97 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hongsheng Heat Exchanger Mnfg's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 559,752,594 to 578,485,274, a change of 18,732,680 (3.3%).
- Net income of 49,359,425 contributed positively to equity growth.
- Dividend payments of 33,093,338 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥49.36 Million | +8.53% |
| Dividends Paid | CN¥33.09 Million | -5.72% |
| Other Changes | CN¥2.47 Million | +0.43% |
| Total Change | CN¥- | 3.35% |
Book Value vs Market Value Analysis
This analysis compares Hongsheng Heat Exchanger Mnfg'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: 11.66x
- 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 52.06x to 11.66x 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¥1.30 | CN¥67.46 | x |
| 2012-12-31 | CN¥2.23 | CN¥67.46 | x |
| 2013-12-31 | CN¥2.72 | CN¥67.46 | x |
| 2014-12-31 | CN¥3.07 | CN¥67.46 | x |
| 2015-12-31 | CN¥3.19 | CN¥67.46 | x |
| 2016-12-31 | CN¥5.44 | CN¥67.46 | x |
| 2017-12-31 | CN¥4.67 | CN¥67.46 | x |
| 2018-12-31 | CN¥4.86 | CN¥67.46 | x |
| 2019-12-31 | CN¥5.02 | CN¥67.46 | x |
| 2020-12-31 | CN¥4.98 | CN¥67.46 | x |
| 2021-12-31 | CN¥5.13 | CN¥67.46 | x |
| 2022-12-31 | CN¥5.36 | CN¥67.46 | x |
| 2023-12-31 | CN¥5.62 | CN¥67.46 | x |
| 2024-12-31 | CN¥5.78 | CN¥67.46 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hongsheng Heat Exchanger Mnfg 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): 8.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.92%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.52x
- Recent ROE (8.53%) is below the historical average (10.66%), 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 | 18.77% | 10.44% | 1.15x | 1.56x | CN¥11.36 Million |
| 2012 | 22.82% | 17.78% | 0.98x | 1.32x | CN¥21.53 Million |
| 2013 | 17.72% | 17.52% | 0.83x | 1.21x | CN¥15.75 Million |
| 2014 | 15.13% | 15.17% | 0.77x | 1.29x | CN¥11.82 Million |
| 2015 | 15.41% | 15.55% | 0.80x | 1.24x | CN¥12.94 Million |
| 2016 | 8.79% | 17.33% | 0.44x | 1.14x | CN¥-5.48 Million |
| 2017 | 5.35% | 6.67% | 0.61x | 1.31x | CN¥-21.30 Million |
| 2018 | 6.79% | 7.86% | 0.63x | 1.38x | CN¥-15.43 Million |
| 2019 | 6.19% | 6.32% | 0.65x | 1.50x | CN¥-19.12 Million |
| 2020 | 1.31% | 2.01% | 0.47x | 1.40x | CN¥-43.25 Million |
| 2021 | 2.86% | 2.62% | 0.73x | 1.50x | CN¥-36.59 Million |
| 2022 | 9.96% | 7.47% | 0.83x | 1.61x | CN¥-208.47K |
| 2023 | 9.61% | 7.73% | 0.85x | 1.46x | CN¥-2.20 Million |
| 2024 | 8.53% | 6.92% | 0.81x | 1.52x | CN¥-8.49 Million |
Industry Comparison
This section compares Hongsheng Heat Exchanger Mnfg'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 |
|---|---|---|---|---|
| Hongsheng Heat Exchanger Mnfg (603090) | CN¥629.69 Million | 18.77% | 0.45x | $456.22 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 |