Nantong Haixing Electronics Co Ltd
Nantong Haixing Electronics Co., Ltd. engages in the research, development, production, and sale of electrode foils for aluminum electrolytic capacitors in the People's Republic of China. It offers medium and high voltage etched and formed foils; and low voltage etched and formed foils. The company was founded in 1998 and is based in Nantong, the People's Republic of China.
Nantong Haixing Electronics Co Ltd (603115) - Net Assets
Latest net assets as of September 2025: CN¥2.07 Billion CNY
Based on the latest financial reports, Nantong Haixing Electronics Co Ltd (603115) has net assets worth CN¥2.07 Billion 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¥3.02 Billion) and total liabilities (CN¥950.01 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¥2.07 Billion |
| % of Total Assets | 68.49% |
| Annual Growth Rate | 14.55% |
| 5-Year Change | 63.34% |
| 10-Year Change | 229.91% |
| Growth Volatility | 22.7 |
Nantong Haixing Electronics Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Nantong Haixing Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Nantong Haixing Electronics Co Ltd (2014–2024)
The table below shows the annual net assets of Nantong Haixing Electronics Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.04 Billion | +2.39% |
| 2023-12-31 | CN¥1.99 Billion | -2.02% |
| 2022-12-31 | CN¥2.03 Billion | +2.04% |
| 2021-12-31 | CN¥1.99 Billion | +59.55% |
| 2020-12-31 | CN¥1.25 Billion | -3.16% |
| 2019-12-31 | CN¥1.29 Billion | +60.77% |
| 2018-12-31 | CN¥800.86 Million | +12.77% |
| 2017-12-31 | CN¥710.18 Million | +4.54% |
| 2016-12-31 | CN¥679.33 Million | +10.04% |
| 2015-12-31 | CN¥617.34 Million | +17.94% |
| 2014-12-31 | CN¥523.43 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Nantong Haixing Electronics 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 80.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥553.82 Million | 27.19% |
| Common Stock | CN¥239.20 Million | 11.74% |
| Other Comprehensive Income | CN¥141.01 Million | 6.92% |
| Other Components | CN¥1.10 Billion | 54.14% |
| Total Equity | CN¥2.04 Billion | 100.00% |
Nantong Haixing Electronics Co Ltd Competitors by Market Cap
The table below lists competitors of Nantong Haixing Electronics Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Fujian Yongfu Power Engineering Co Ltd Class A
SHE:300712
|
$361.49 Million |
|
COGECO INC. SUB.VTG
F:76E
|
$361.52 Million |
|
Kinepolis Group NV
BR:KIN
|
$361.75 Million |
|
CYTEK BIOSCIENCES DL-001
F:8EQ
|
$361.80 Million |
|
Tong Ren Tang Technologies Co. Ltd
PINK:TGRNF
|
$361.38 Million |
|
Sinostar Cable Co. Ltd.
SHE:300933
|
$361.36 Million |
|
Sanofi India Limited
NSE:SANOFI
|
$361.36 Million |
|
Shenzhen Etmade Automatic Equipment
SHE:300812
|
$361.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Nantong Haixing Electronics Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,989,143,910 to 2,036,666,648, a change of 47,522,738 (2.4%).
- Net income of 160,904,727 contributed positively to equity growth.
- Dividend payments of 119,600,000 reduced retained earnings.
- Other comprehensive income increased equity by 19,168,799.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥160.90 Million | +7.9% |
| Dividends Paid | CN¥119.60 Million | -5.87% |
| Other Comprehensive Income | CN¥19.17 Million | +0.94% |
| Other Changes | CN¥-12.95 Million | -0.64% |
| Total Change | CN¥- | 2.39% |
Book Value vs Market Value Analysis
This analysis compares Nantong Haixing Electronics 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: 3.79x
- 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 9.94x to 3.79x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥3.23 | CN¥32.11 | x |
| 2015-12-31 | CN¥3.72 | CN¥32.11 | x |
| 2016-12-31 | CN¥4.25 | CN¥32.11 | x |
| 2017-12-31 | CN¥4.48 | CN¥32.11 | x |
| 2018-12-31 | CN¥5.03 | CN¥32.11 | x |
| 2019-12-31 | CN¥6.11 | CN¥32.11 | x |
| 2020-12-31 | CN¥5.94 | CN¥32.11 | x |
| 2021-12-31 | CN¥9.38 | CN¥32.11 | x |
| 2022-12-31 | CN¥8.49 | CN¥32.11 | x |
| 2023-12-31 | CN¥8.29 | CN¥32.11 | x |
| 2024-12-31 | CN¥8.48 | CN¥32.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Nantong Haixing Electronics 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): 7.90%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.35%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.29x
- Recent ROE (7.90%) is below the historical average (11.45%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 12.69% | 8.46% | 1.04x | 1.44x | CN¥13.53 Million |
| 2015 | 12.63% | 9.96% | 0.84x | 1.50x | CN¥15.29 Million |
| 2016 | 11.77% | 10.27% | 0.85x | 1.34x | CN¥11.67 Million |
| 2017 | 12.96% | 9.38% | 1.02x | 1.36x | CN¥20.56 Million |
| 2018 | 19.08% | 13.68% | 0.99x | 1.41x | CN¥71.13 Million |
| 2019 | 9.48% | 10.97% | 0.69x | 1.26x | CN¥-6.61 Million |
| 2020 | 10.18% | 10.32% | 0.75x | 1.32x | CN¥2.28 Million |
| 2021 | 11.19% | 13.44% | 0.70x | 1.19x | CN¥23.57 Million |
| 2022 | 11.22% | 12.90% | 0.73x | 1.19x | CN¥24.70 Million |
| 2023 | 6.88% | 7.64% | 0.75x | 1.20x | CN¥-62.13 Million |
| 2024 | 7.90% | 8.35% | 0.74x | 1.29x | CN¥-42.76 Million |
Industry Comparison
This section compares Nantong Haixing Electronics Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nantong Haixing Electronics Co Ltd (603115) | CN¥2.07 Billion | 12.69% | 0.46x | $361.48 Million |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |