Jiangsu Huachen Transformer (603097) - Net Assets
Based on the latest financial reports, Jiangsu Huachen Transformer (603097) has net assets worth CN¥1.12 Billion CNY (≈ $163.46 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.26 Billion ≈ $477.07 Million USD) and total liabilities (CN¥2.14 Billion ≈ $313.61 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 603097 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.12 Billion |
| % of Total Assets | 34.26% |
| Annual Growth Rate | 24.62% |
| 5-Year Change | 142.32% |
| 10-Year Change | N/A |
| Growth Volatility | 19.95 |
Jiangsu Huachen Transformer - Net Assets Trend (2019–2024)
This chart illustrates how Jiangsu Huachen Transformer's net assets have evolved over time, based on quarterly financial data. Also explore 603097 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Jiangsu Huachen Transformer (2019–2024)
The table below shows the annual net assets of Jiangsu Huachen Transformer from 2019 to 2024. For live valuation and market cap data, see Jiangsu Huachen Transformer stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.03 Billion ≈ $151.22 Million |
+10.83% |
| 2023-12-31 | CN¥932.42 Million ≈ $136.44 Million |
+12.07% |
| 2022-12-31 | CN¥831.99 Million ≈ $121.75 Million |
+64.79% |
| 2021-12-31 | CN¥504.88 Million ≈ $73.88 Million |
+18.39% |
| 2020-12-31 | CN¥426.46 Million ≈ $62.40 Million |
+24.07% |
| 2019-12-31 | CN¥343.72 Million ≈ $50.30 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Jiangsu Huachen Transformer'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 228.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥499.26 Million | 48.90% |
| Other Components | CN¥521.81 Million | 51.10% |
| Total Equity | CN¥1.02 Billion | 100.00% |
Jiangsu Huachen Transformer Competitors by Market Cap
The table below lists competitors of Jiangsu Huachen Transformer ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Abacus Group
AU:ABG
|
$654.45 Million |
|
PetroVietnam Drilling & Well Service Corp
VN:PVD
|
$654.72 Million |
|
Anhui Deli Household Glass Co Ltd
SHE:002571
|
$654.99 Million |
|
Drugs Made In America Acquisition II Corp. Ordinary Shares
NASDAQ:DMII
|
$655.09 Million |
|
Hyulim ROBOT Co.Ltd
KQ:090710
|
$654.39 Million |
|
Wuxi Jinyang New Materials Co. Ltd. A
SHE:301210
|
$654.26 Million |
|
Latent View Analytics Limited
NSE:LATENTVIEW
|
$654.23 Million |
|
Sichuan Expressway Company Limited
F:EXF1
|
$654.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Jiangsu Huachen Transformer's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 929,461,522 to 1,021,070,093, a change of 91,608,571 (9.9%).
- Net income of 91,608,571 contributed positively to equity growth.
- Dividend payments of 10,379,153 reduced retained earnings.
- Other factors increased equity by 10,379,153.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥91.61 Million | +8.97% |
| Dividends Paid | CN¥10.38 Million | -1.02% |
| Other Changes | CN¥10.38 Million | +1.02% |
| Total Change | CN¥- | 9.86% |
Book Value vs Market Value Analysis
This analysis compares Jiangsu Huachen Transformer'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: 4.24x
- 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 9.45x to 4.24x 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¥2.86 | CN¥27.08 | x |
| 2020-12-31 | CN¥3.55 | CN¥27.08 | x |
| 2021-12-31 | CN¥4.21 | CN¥27.08 | x |
| 2022-12-31 | CN¥5.20 | CN¥27.08 | x |
| 2023-12-31 | CN¥5.81 | CN¥27.08 | x |
| 2024-12-31 | CN¥6.38 | CN¥27.08 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Jiangsu Huachen Transformer 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): 8.97%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.79%
- • Asset Turnover: 0.67x
- • Equity Multiplier: 2.32x
- Recent ROE (8.97%) is below the historical average (14.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 20.03% | 10.90% | 1.16x | 1.58x | CN¥34.49 Million |
| 2020 | 19.40% | 12.14% | 1.02x | 1.56x | CN¥40.09 Million |
| 2021 | 15.53% | 9.00% | 1.03x | 1.68x | CN¥27.93 Million |
| 2022 | 10.97% | 8.91% | 0.76x | 1.63x | CN¥8.06 Million |
| 2023 | 13.07% | 8.04% | 0.85x | 1.91x | CN¥28.53 Million |
| 2024 | 8.97% | 5.79% | 0.67x | 2.32x | CN¥-10.50 Million |
Industry Comparison
This section compares Jiangsu Huachen Transformer's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Jiangsu Huachen Transformer (603097) | CN¥1.12 Billion | 20.03% | 1.92x | $654.45 Million |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About Jiangsu Huachen Transformer
Jiangsu Huachen Transformer Co., Ltd. engages in the research, development, production, and sales of power transmission and distribution and control equipment in China and internationally. The company offers oil-immersed distribution transformer, dry type distribution transformer, coating coil distribution transformer, and transformer substation; and new energy box-type transformers, prefabricate… Read more