Shanxi Huaxiang Group Co Ltd (603112) - Net Assets
Based on the latest financial reports, Shanxi Huaxiang Group Co Ltd (603112) has net assets worth CN¥4.80 Billion CNY (≈ $702.43 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.00 Billion ≈ $1.02 Billion USD) and total liabilities (CN¥2.20 Billion ≈ $322.18 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 603112 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.80 Billion |
| % of Total Assets | 68.56% |
| Annual Growth Rate | 22.91% |
| 5-Year Change | 94.05% |
| 10-Year Change | N/A |
| Growth Volatility | 14.64 |
Shanxi Huaxiang Group Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Shanxi Huaxiang Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shanxi Huaxiang Group Co Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Shanxi Huaxiang Group Co Ltd (2016–2025)
The table below shows the annual net assets of Shanxi Huaxiang Group Co Ltd from 2016 to 2025. For live valuation and market cap data, see market value of Shanxi Huaxiang Group Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.63 Billion ≈ $677.95 Million |
+42.30% |
| 2024-12-31 | CN¥3.26 Billion ≈ $476.43 Million |
+14.11% |
| 2023-12-31 | CN¥2.85 Billion ≈ $417.52 Million |
+12.38% |
| 2022-12-31 | CN¥2.54 Billion ≈ $371.54 Million |
+6.35% |
| 2021-12-31 | CN¥2.39 Billion ≈ $349.37 Million |
+33.94% |
| 2020-12-31 | CN¥1.78 Billion ≈ $260.84 Million |
+52.26% |
| 2019-12-31 | CN¥1.17 Billion ≈ $171.32 Million |
+14.63% |
| 2018-12-31 | CN¥1.02 Billion ≈ $149.46 Million |
+21.15% |
| 2017-12-31 | CN¥843.01 Million ≈ $123.36 Million |
+16.43% |
| 2016-12-31 | CN¥724.08 Million ≈ $105.96 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanxi Huaxiang Group 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 568.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.60 Billion | 36.74% |
| Other Components | CN¥2.76 Billion | 63.26% |
| Total Equity | CN¥4.36 Billion | 100.00% |
Shanxi Huaxiang Group Co Ltd Competitors by Market Cap
The table below lists competitors of Shanxi Huaxiang Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chagee Holdings Limited American Depositary Shares
NASDAQ:CHA
|
$1.46 Billion |
|
Changbai Mountain Tourism Co Ltd
SHG:603099
|
$1.46 Billion |
|
Sihui Fuji Electronics Technology Co Ltd
SHE:300852
|
$1.46 Billion |
|
uniQure N.V
F:UQ1
|
$1.46 Billion |
|
Grandjoy Holdings Group Co Ltd
SHE:000031
|
$1.46 Billion |
|
Aptus Value Housing Finance India Limited
NSE:APTUS
|
$1.46 Billion |
|
Dongguan Development Holdings Co Ltd
SHE:000828
|
$1.46 Billion |
|
DXC Technology Co
NYSE:DXC
|
$1.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanxi Huaxiang Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,171,815,700 to 4,360,253,823, a change of 1,188,438,123 (37.5%).
- Net income of 561,745,669 contributed positively to equity growth.
- Dividend payments of 199,661,300 reduced retained earnings.
- Other comprehensive income decreased equity by 301,023,840.
- Other factors increased equity by 1,127,377,594.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥561.75 Million | +12.88% |
| Dividends Paid | CN¥199.66 Million | -4.58% |
| Other Comprehensive Income | CN¥-301.02 Million | -6.9% |
| Other Changes | CN¥1.13 Billion | +25.86% |
| Total Change | CN¥- | 37.47% |
Book Value vs Market Value Analysis
This analysis compares Shanxi Huaxiang Group 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: 2.15x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 10.13x to 2.15x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.83 | CN¥18.50 | x |
| 2017-12-31 | CN¥2.32 | CN¥18.50 | x |
| 2018-12-31 | CN¥2.75 | CN¥18.50 | x |
| 2019-12-31 | CN¥3.15 | CN¥18.50 | x |
| 2020-12-31 | CN¥4.64 | CN¥18.50 | x |
| 2021-12-31 | CN¥5.10 | CN¥18.50 | x |
| 2022-12-31 | CN¥5.59 | CN¥18.50 | x |
| 2023-12-31 | CN¥6.15 | CN¥18.50 | x |
| 2024-12-31 | CN¥6.88 | CN¥18.50 | x |
| 2025-12-31 | CN¥8.62 | CN¥18.50 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanxi Huaxiang Group 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): 12.88%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.61%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.57x
- Recent ROE (12.88%) is below the historical average (13.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 13.27% | 6.72% | 0.77x | 2.58x | CN¥21.65 Million |
| 2017 | 14.20% | 7.08% | 0.94x | 2.14x | CN¥35.34 Million |
| 2018 | 13.80% | 7.03% | 0.93x | 2.12x | CN¥38.68 Million |
| 2019 | 14.90% | 8.48% | 0.91x | 1.94x | CN¥57.11 Million |
| 2020 | 13.80% | 12.57% | 0.74x | 1.48x | CN¥67.44 Million |
| 2021 | 14.91% | 9.99% | 0.68x | 2.19x | CN¥108.04 Million |
| 2022 | 10.92% | 8.17% | 0.63x | 2.11x | CN¥22.15 Million |
| 2023 | 14.14% | 11.92% | 0.62x | 1.92x | CN¥113.87 Million |
| 2024 | 14.84% | 12.29% | 0.63x | 1.92x | CN¥153.38 Million |
| 2025 | 12.88% | 13.61% | 0.60x | 1.57x | CN¥125.72 Million |
Industry Comparison
This section compares Shanxi Huaxiang Group Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,845,651,777
- Average return on equity (ROE) among peers: 8.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanxi Huaxiang Group Co Ltd (603112) | CN¥4.80 Billion | 13.27% | 0.46x | $1.46 Billion |
| China International Marine Containers Group Ltd (000039) | $2.57 Billion | 17.81% | 1.56x | $2.99 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $226.83 Million | 2.57% | 0.30x | $291.35 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $831.93 Million | 8.03% | 0.77x | $355.36 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.18 Billion | 6.94% | 0.10x | $895.57 Million |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $4.63 Billion | 8.60% | 0.48x | $1.53 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $1.33 Billion | 5.30% | 0.42x | $2.06 Billion |
| Dajin Heavy Industry Corp (002487) | $2.01 Billion | 8.75% | 0.84x | $5.44 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $503.58 Million | 7.56% | 0.10x | $305.55 Million |
| Guangzheng Group Co Ltd (002524) | $341.38 Million | 10.82% | 4.36x | $256.39 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $3.84 Billion | 3.80% | 1.00x | $1.68 Billion |
About Shanxi Huaxiang Group Co Ltd
Shanxi Huaxiang Group Co., Ltd. engages in the research and development, production, and sale of customized metal parts in China and internationally. It offers precision products, such as auto parts, compressor castings, power fittings, railway parts, and pump valve pipe castings; and project products for use in logistics handling, construction machinery, aerial work platforms, port machinery, lo… Read more