Hongsheng Heat Exchanger Mnfg (603090) - Net Assets
Based on the latest financial reports, Hongsheng Heat Exchanger Mnfg (603090) has net assets worth CN¥633.64 Million CNY (≈ $92.72 Million USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥942.24 Million ≈ $137.88 Million USD) and total liabilities (CN¥308.60 Million ≈ $45.16 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 Hongsheng Heat Exchanger Mnfg liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥633.64 Million |
| % of Total Assets | 67.25% |
| Annual Growth Rate | 12.0% |
| 5-Year Change | 20.16% |
| 10-Year Change | 39.79% |
| Growth Volatility | 22.48 |
Hongsheng Heat Exchanger Mnfg - Net Assets Trend (2011–2025)
This chart illustrates how Hongsheng Heat Exchanger Mnfg's net assets have evolved over time, based on quarterly financial data. Also explore Hongsheng Heat Exchanger Mnfg (603090) total assets for the complete picture of this company's asset base.
Annual Net Assets for Hongsheng Heat Exchanger Mnfg (2011–2025)
The table below shows the annual net assets of Hongsheng Heat Exchanger Mnfg from 2011 to 2025. For live valuation and market cap data, see 603090 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥633.64 Million ≈ $92.72 Million |
+6.48% |
| 2024-12-31 | CN¥595.09 Million ≈ $87.08 Million |
+3.30% |
| 2023-12-31 | CN¥576.07 Million ≈ $84.30 Million |
+4.91% |
| 2022-12-31 | CN¥549.10 Million ≈ $80.35 Million |
+4.13% |
| 2021-12-31 | CN¥527.34 Million ≈ $77.17 Million |
+3.58% |
| 2020-12-31 | CN¥509.12 Million ≈ $74.50 Million |
-0.42% |
| 2019-12-31 | CN¥511.27 Million ≈ $74.82 Million |
+4.62% |
| 2018-12-31 | CN¥488.70 Million ≈ $71.51 Million |
+5.07% |
| 2017-12-31 | CN¥465.12 Million ≈ $68.06 Million |
+2.61% |
| 2016-12-31 | CN¥453.30 Million ≈ $66.33 Million |
+89.52% |
| 2015-12-31 | CN¥239.19 Million ≈ $35.00 Million |
+3.73% |
| 2014-12-31 | CN¥230.58 Million ≈ $33.74 Million |
+13.00% |
| 2013-12-31 | CN¥204.06 Million ≈ $29.86 Million |
+21.54% |
| 2012-12-31 | CN¥167.90 Million ≈ $24.57 Million |
+29.57% |
| 2011-12-31 | CN¥129.58 Million ≈ $18.96 Million |
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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 1523.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥273.99 Million | 43.28% |
| Other Components | CN¥359.06 Million | 56.72% |
| Total Equity | CN¥633.04 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 |
|---|---|
|
Standard Lithium Ltd
V:SLI
|
$938.76 Million |
|
J.S. Corrugating Machinery Co Ltd
SHE:000821
|
$938.81 Million |
|
Shenzhen INVT Electric Co Ltd
SHE:002334
|
$939.06 Million |
|
Sichuan Jiuyuan Yinhai Software Co Ltd
SHE:002777
|
$939.66 Million |
|
Shenzhen Grandland Decoration Group Co Ltd
SHE:002482
|
$938.59 Million |
|
Karelia Tobacco Company Inc
AT:KARE
|
$938.40 Million |
|
Weihai Honglin Electronic Co. Ltd. A
SHE:301439
|
$938.34 Million |
|
Suzhou Electrical Apparatus Sci
SHE:300215
|
$938.31 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 2024 to 2025, total equity changed from 578,485,274 to 633,042,950, a change of 54,557,676 (9.4%).
- Net income of 82,385,311 contributed positively to equity growth.
- Dividend payments of 32,880,884 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥82.39 Million | +13.01% |
| Dividends Paid | CN¥32.88 Million | -5.19% |
| Other Changes | CN¥5.05 Million | +0.8% |
| Total Change | CN¥- | 9.43% |
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: 10.13x
- 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 49.51x to 10.13x 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¥64.15 | x |
| 2012-12-31 | CN¥2.23 | CN¥64.15 | x |
| 2013-12-31 | CN¥2.71 | CN¥64.15 | x |
| 2014-12-31 | CN¥3.11 | CN¥64.15 | x |
| 2015-12-31 | CN¥3.19 | CN¥64.15 | x |
| 2016-12-31 | CN¥5.46 | CN¥64.15 | x |
| 2017-12-31 | CN¥4.67 | CN¥64.15 | x |
| 2018-12-31 | CN¥4.86 | CN¥64.15 | x |
| 2019-12-31 | CN¥5.01 | CN¥64.15 | x |
| 2020-12-31 | CN¥5.33 | CN¥64.15 | x |
| 2021-12-31 | CN¥5.24 | CN¥64.15 | x |
| 2022-12-31 | CN¥5.32 | CN¥64.15 | x |
| 2023-12-31 | CN¥5.62 | CN¥64.15 | x |
| 2024-12-31 | CN¥5.74 | CN¥64.15 | x |
| 2025-12-31 | CN¥6.33 | CN¥64.15 | 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): 13.01%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.79%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.49x
- Recent ROE (13.01%) is above the historical average (10.82%), indicating improving 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 |
| 2025 | 13.01% | 10.79% | 0.81x | 1.49x | CN¥19.08 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: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hongsheng Heat Exchanger Mnfg (603090) | CN¥633.64 Million | 18.77% | 0.49x | $938.72 Million |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About 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