Nantong Haixing Electronics Co Ltd (603115) - Net Assets
Based on the latest financial reports, Nantong Haixing Electronics Co Ltd (603115) has net assets worth CN¥2.16 Billion CNY (≈ $316.80 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¥3.30 Billion ≈ $483.62 Million USD) and total liabilities (CN¥1.14 Billion ≈ $166.82 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 603115 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.16 Billion |
| % of Total Assets | 65.51% |
| Annual Growth Rate | 13.58% |
| 5-Year Change | 6.73% |
| 10-Year Change | 212.57% |
| Growth Volatility | 21.92 |
Nantong Haixing Electronics Co Ltd - Net Assets Trend (2014–2025)
This chart illustrates how Nantong Haixing Electronics Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 603115 market cap.
Annual Net Assets for Nantong Haixing Electronics Co Ltd (2014–2025)
The table below shows the annual net assets of Nantong Haixing Electronics Co Ltd from 2014 to 2025. Also explore Nantong Haixing Electronics Co Ltd annual equity growth to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.12 Billion ≈ $310.72 Million |
+4.26% |
| 2024-12-31 | CN¥2.04 Billion ≈ $298.03 Million |
+2.39% |
| 2023-12-31 | CN¥1.99 Billion ≈ $291.07 Million |
-2.02% |
| 2022-12-31 | CN¥2.03 Billion ≈ $297.07 Million |
+2.04% |
| 2021-12-31 | CN¥1.99 Billion ≈ $291.12 Million |
+59.55% |
| 2020-12-31 | CN¥1.25 Billion ≈ $182.46 Million |
-3.16% |
| 2019-12-31 | CN¥1.29 Billion ≈ $188.41 Million |
+60.77% |
| 2018-12-31 | CN¥800.86 Million ≈ $117.19 Million |
+12.77% |
| 2017-12-31 | CN¥710.18 Million ≈ $103.92 Million |
+4.54% |
| 2016-12-31 | CN¥679.33 Million ≈ $99.41 Million |
+10.04% |
| 2015-12-31 | CN¥617.34 Million ≈ $90.34 Million |
+17.94% |
| 2014-12-31 | CN¥523.43 Million ≈ $76.59 Million |
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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 101.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥616.53 Million | 29.04% |
| Other Components | CN¥1.51 Billion | 70.96% |
| Total Equity | CN¥2.12 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 |
|---|---|
|
PSK Inc
KQ:319660
|
$2.84 Billion |
|
Colt CZ Group SE
PR:CZG
|
$2.84 Billion |
|
Allos S.A.
SA:ALOS3
|
$2.84 Billion |
|
Cholamandalam Financial Holdings Limited
NSE:CHOLAHLDNG
|
$2.84 Billion |
|
China National Medicines Corp Ltd
SHG:600511
|
$2.84 Billion |
|
AIR FRANCE-KLM ADR EO 85
F:FQZ
|
$2.84 Billion |
|
Zhejiang XCC Group Co Ltd
SHG:603667
|
$2.84 Billion |
|
Enerjisa Enerji AS
IS:ENJSA
|
$2.84 Billion |
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 2024 to 2025, total equity changed from 2,036,666,648 to 2,123,369,426, a change of 86,702,778 (4.3%).
- Net income of 206,233,915 contributed positively to equity growth.
- Dividend payments of 147,857,139 reduced retained earnings.
- Other comprehensive income decreased equity by 141,011,536.
- Other factors increased equity by 169,337,537.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥206.23 Million | +9.71% |
| Dividends Paid | CN¥147.86 Million | -6.96% |
| Other Comprehensive Income | CN¥-141.01 Million | -6.64% |
| Other Changes | CN¥169.34 Million | +7.97% |
| Total Change | CN¥- | 4.26% |
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: 9.05x
- 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 24.57x to 9.05x 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¥79.40 | x |
| 2015-12-31 | CN¥3.72 | CN¥79.40 | x |
| 2016-12-31 | CN¥4.23 | CN¥79.40 | x |
| 2017-12-31 | CN¥4.46 | CN¥79.40 | x |
| 2018-12-31 | CN¥5.03 | CN¥79.40 | x |
| 2019-12-31 | CN¥7.28 | CN¥79.40 | x |
| 2020-12-31 | CN¥5.89 | CN¥79.40 | x |
| 2021-12-31 | CN¥9.38 | CN¥79.40 | x |
| 2022-12-31 | CN¥8.47 | CN¥79.40 | x |
| 2023-12-31 | CN¥8.29 | CN¥79.40 | x |
| 2024-12-31 | CN¥8.48 | CN¥79.40 | x |
| 2025-12-31 | CN¥8.78 | CN¥79.40 | 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): 9.71%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.99%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.51x
- Recent ROE (9.71%) is below the historical average (11.31%), 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 |
| 2025 | 9.71% | 8.99% | 0.72x | 1.51x | CN¥-6.10 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: $2,784,406,976
- Average return on equity (ROE) among peers: 9.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Nantong Haixing Electronics Co Ltd (603115) | CN¥2.16 Billion | 12.69% | 0.53x | $2.84 Billion |
| XJ Electric Co Ltd (000400) | $8.35 Billion | 2.39% | 0.75x | $3.01 Billion |
| Guangdong Macro Co Ltd (000533) | $1.23 Billion | 12.30% | 0.77x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $8.60 Billion | 2.68% | 0.78x | $883.45 Million |
| Dongfang Electronics Co Ltd (000682) | $3.15 Billion | 2.01% | 0.52x | $2.04 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.53 Billion | 4.09% | 0.63x | $665.61 Million |
| Huagong Tech Co Ltd (000988) | $96.48 Million | 19.13% | 0.23x | $15.14 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.27 Billion |
| Sieyuan Electric Co Ltd (002028) | $3.09 Billion | 17.92% | 0.33x | $14.34 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $200.73 Million | 2.91% | 0.19x | $361.47 Million |
| Gotion High tech Co Ltd (002074) | $105.54 Million | 20.87% | 1.30x | $7.11 Billion |
About 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 and internationally. Its products are used in consumption electronics, intelligence terminal, industrial control, 5G and industrial internet, new energy generation, and new energy vehicle applications. The compan… Read more