Hengdian Entertainment Co Ltd Class A (603103) - Net Assets
Based on the latest financial reports, Hengdian Entertainment Co Ltd Class A (603103) has net assets worth CN¥1.24 Billion CNY (≈ $181.17 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¥3.75 Billion ≈ $548.58 Million USD) and total liabilities (CN¥2.51 Billion ≈ $367.40 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 asset resilience ratio of Hengdian Entertainment Co Ltd Class A to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.24 Billion |
| % of Total Assets | 33.03% |
| Annual Growth Rate | 18.39% |
| 5-Year Change | -17.0% |
| 10-Year Change | 30.17% |
| Growth Volatility | 50.91 |
Hengdian Entertainment Co Ltd Class A - Net Assets Trend (2013–2025)
This chart illustrates how Hengdian Entertainment Co Ltd Class A's net assets have evolved over time, based on quarterly financial data. Also explore 603103 asset base for the complete picture of this company's asset base.
Annual Net Assets for Hengdian Entertainment Co Ltd Class A (2013–2025)
The table below shows the annual net assets of Hengdian Entertainment Co Ltd Class A from 2013 to 2025. For live valuation and market cap data, see market value of Hengdian Entertainment Co Ltd Class A.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.24 Billion ≈ $181.17 Million |
+6.03% |
| 2024-12-31 | CN¥1.17 Billion ≈ $170.87 Million |
-12.87% |
| 2023-12-31 | CN¥1.34 Billion ≈ $196.11 Million |
+14.12% |
| 2022-12-31 | CN¥1.17 Billion ≈ $171.84 Million |
-21.28% |
| 2021-12-31 | CN¥1.49 Billion ≈ $218.29 Million |
-20.43% |
| 2020-12-31 | CN¥1.87 Billion ≈ $274.35 Million |
-21.47% |
| 2019-12-31 | CN¥2.39 Billion ≈ $349.33 Million |
+9.00% |
| 2018-12-31 | CN¥2.19 Billion ≈ $320.48 Million |
+10.97% |
| 2017-12-31 | CN¥1.97 Billion ≈ $288.80 Million |
+107.49% |
| 2016-12-31 | CN¥951.17 Million ≈ $139.19 Million |
+40.88% |
| 2015-12-31 | CN¥675.16 Million ≈ $98.80 Million |
+139.42% |
| 2014-12-31 | CN¥282.00 Million ≈ $41.27 Million |
+72.66% |
| 2013-12-31 | CN¥163.33 Million ≈ $23.90 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hengdian Entertainment Co Ltd Class A'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 1570800973.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.27 Billion | 102.49% |
| Total Equity | CN¥1.24 Billion | 100.00% |
Hengdian Entertainment Co Ltd Class A Competitors by Market Cap
The table below lists competitors of Hengdian Entertainment Co Ltd Class A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Ichor Holdings Ltd
NASDAQ:ICHR
|
$1.92 Billion |
|
Dongguan Aohai Technology Co
SHE:002993
|
$1.92 Billion |
|
Capital Securities Corp
TW:6005
|
$1.92 Billion |
|
AnaptysBio Inc
NASDAQ:ANAB
|
$1.92 Billion |
|
Century Plyboards (India) Limited
NSE:CENTURYPLY
|
$1.92 Billion |
|
Nexwise Intelligence China Limited
SHE:301248
|
$1.92 Billion |
|
Shanghai SK Automation Technology Co. Ltd. A
SHG:688155
|
$1.92 Billion |
|
Shenzhen Zhenye Group Co Ltd
SHE:000006
|
$1.92 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hengdian Entertainment Co Ltd Class A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,167,681,498 to 1,238,106,417, a change of 70,424,919 (6.0%).
- Net income of 159,212,918 contributed positively to equity growth.
- Dividend payments of 88,788,000 reduced retained earnings.
- Other comprehensive income decreased equity by 147,581,097.
- Other factors increased equity by 147,581,098.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥159.21 Million | +12.86% |
| Dividends Paid | CN¥88.79 Million | -7.17% |
| Other Comprehensive Income | CN¥-147.58 Million | -11.92% |
| Other Changes | CN¥147.58 Million | +11.92% |
| Total Change | CN¥- | 6.03% |
Book Value vs Market Value Analysis
This analysis compares Hengdian Entertainment Co Ltd Class A'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: 10.58x
- 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 73.08x to 10.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.28 | CN¥20.66 | x |
| 2014-12-31 | CN¥0.49 | CN¥20.66 | x |
| 2015-12-31 | CN¥1.20 | CN¥20.66 | x |
| 2016-12-31 | CN¥1.70 | CN¥20.66 | x |
| 2017-12-31 | CN¥3.41 | CN¥20.66 | x |
| 2018-12-31 | CN¥3.48 | CN¥20.66 | x |
| 2019-12-31 | CN¥3.76 | CN¥20.66 | x |
| 2020-12-31 | CN¥2.96 | CN¥20.66 | x |
| 2021-12-31 | CN¥2.35 | CN¥20.66 | x |
| 2022-12-31 | CN¥1.85 | CN¥20.66 | x |
| 2023-12-31 | CN¥2.10 | CN¥20.66 | x |
| 2024-12-31 | CN¥1.82 | CN¥20.66 | x |
| 2025-12-31 | CN¥1.95 | CN¥20.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hengdian Entertainment Co Ltd Class A 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): 12.86%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.93%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 3.03x
- Recent ROE (12.86%) is above the historical average (11.80%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 12.92% | 2.22% | 0.84x | 6.89x | CN¥4.63 Million |
| 2014 | 42.79% | 10.03% | 0.85x | 5.03x | CN¥90.82 Million |
| 2015 | 51.01% | 16.30% | 1.17x | 2.68x | CN¥276.86 Million |
| 2016 | 37.43% | 15.61% | 1.18x | 2.04x | CN¥260.90 Million |
| 2017 | 16.75% | 13.13% | 0.83x | 1.54x | CN¥133.18 Million |
| 2018 | 14.64% | 11.77% | 0.84x | 1.47x | CN¥101.68 Million |
| 2019 | 12.59% | 10.25% | 0.85x | 1.45x | CN¥61.87 Million |
| 2020 | -25.63% | -48.55% | 0.28x | 1.89x | CN¥-668.01 Million |
| 2021 | 0.92% | 0.60% | 0.42x | 3.66x | CN¥-135.51 Million |
| 2022 | -27.03% | -22.25% | 0.32x | 3.85x | CN¥-434.86 Million |
| 2023 | 12.38% | 7.06% | 0.53x | 3.33x | CN¥31.84 Million |
| 2024 | -8.25% | -4.89% | 0.49x | 3.47x | CN¥-213.14 Million |
| 2025 | 12.86% | 6.93% | 0.61x | 3.03x | CN¥35.40 Million |
Industry Comparison
This section compares Hengdian Entertainment Co Ltd Class A's net assets metrics with peer companies in the Entertainment industry.
Industry Context
- Industry: Entertainment
- Average net assets among peers: $4,324,315,870
- Average return on equity (ROE) among peers: -4.76%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hengdian Entertainment Co Ltd Class A (603103) | CN¥1.24 Billion | 12.92% | 2.03x | $1.92 Billion |
| Wasu Media Holding Co Ltd (000156) | $10.11 Billion | 5.95% | 0.39x | $2.01 Billion |
| Huawen Media Investment Corp (000793) | $9.99 Billion | 8.59% | 0.34x | $797.87 Million |
| Beijing Jingxi Culture&Tourism Co Ltd (000802) | $1.04 Billion | 2.05% | 0.37x | $451.51 Million |
| CITIC Guoan Information Industry Co Ltd (000839) | $6.93 Billion | 5.07% | 0.59x | $1.70 Billion |
| Guangdong Alpha Animation and Culture Co Ltd (002292) | $1.58 Billion | 11.48% | 0.22x | $1.80 Billion |
| Ciwen Media Co Ltd (002343) | $1.40 Billion | 5.15% | 0.21x | $429.75 Million |
| Perfect World Co Ltd (002624) | $10.13 Billion | 14.84% | 0.64x | $4.32 Billion |
| Wanda Cinema Line Corp (002739) | $1.21 Billion | 25.19% | 0.58x | $3.12 Billion |
| Shanghai Lisheng Racing Co Ltd (002858) | $767.19 Million | -8.35% | 0.34x | $410.17 Million |
| Guangzhou Jinyi Media Corp (002905) | $76.83 Million | -117.60% | 37.67x | $524.79 Million |
About Hengdian Entertainment Co Ltd Class A
Hengdian Entertainment Co.,LTD engages in film and television investment, production, distribution, film screening, and related derivative businesses in China. The company operates through the Cinema and Film and Television Production and Distribution segments. It provides viewing services, catering services, pre-screening advertising, cinema distribution, etc., as well as architectural design an… Read more