Shanghai Hugong Elec(Group) (603131) - Net Assets
Based on the latest financial reports, Shanghai Hugong Elec(Group) (603131) has net assets worth CN¥1.66 Billion CNY (≈ $242.68 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¥2.09 Billion ≈ $305.70 Million USD) and total liabilities (CN¥430.66 Million ≈ $63.02 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 strategic asset allocation of Shanghai Hugong Elec(Group) to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.66 Billion |
| % of Total Assets | 79.39% |
| Annual Growth Rate | 16.37% |
| 5-Year Change | 3.35% |
| 10-Year Change | 133.53% |
| Growth Volatility | 23.84 |
Shanghai Hugong Elec(Group) - Net Assets Trend (2011–2025)
This chart illustrates how Shanghai Hugong Elec(Group)'s net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see market cap of Shanghai Hugong Elec(Group).
Annual Net Assets for Shanghai Hugong Elec(Group) (2011–2025)
The table below shows the annual net assets of Shanghai Hugong Elec(Group) from 2011 to 2025. Also explore 603131 net assets growth trend to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.45 Billion ≈ $212.49 Million |
+18.16% |
| 2024-12-31 | CN¥1.23 Billion ≈ $179.84 Million |
+1.36% |
| 2023-12-31 | CN¥1.21 Billion ≈ $177.42 Million |
-4.18% |
| 2022-12-31 | CN¥1.27 Billion ≈ $185.16 Million |
-9.94% |
| 2021-12-31 | CN¥1.40 Billion ≈ $205.59 Million |
+5.83% |
| 2020-12-31 | CN¥1.33 Billion ≈ $194.27 Million |
+7.60% |
| 2019-12-31 | CN¥1.23 Billion ≈ $180.55 Million |
+20.35% |
| 2018-12-31 | CN¥1.03 Billion ≈ $150.02 Million |
+54.54% |
| 2017-12-31 | CN¥663.40 Million ≈ $97.08 Million |
+6.69% |
| 2016-12-31 | CN¥621.80 Million ≈ $90.99 Million |
+85.28% |
| 2015-12-31 | CN¥335.60 Million ≈ $49.11 Million |
+13.19% |
| 2014-12-31 | CN¥296.49 Million ≈ $43.39 Million |
+10.68% |
| 2013-12-31 | CN¥267.87 Million ≈ $39.20 Million |
+22.93% |
| 2012-12-31 | CN¥217.91 Million ≈ $31.89 Million |
+25.41% |
| 2011-12-31 | CN¥173.76 Million ≈ $25.43 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Hugong Elec(Group)'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 1964.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥285.16 Million | 19.73% |
| Other Components | CN¥1.16 Billion | 80.27% |
| Total Equity | CN¥1.45 Billion | 100.00% |
Shanghai Hugong Elec(Group) Competitors by Market Cap
The table below lists competitors of Shanghai Hugong Elec(Group) ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Qingdao Kutesmart Co Ltd
SHE:300840
|
$684.83 Million |
|
SunCoke Energy Inc
NYSE:SXC
|
$684.94 Million |
|
Kim Loong Resources Bhd
KLSE:5027
|
$684.97 Million |
|
Shenyang Jinbei Automotive Co Ltd
SHG:600609
|
$685.32 Million |
|
Wecome Pharmaceutical Co Ltd
SHE:300878
|
$684.78 Million |
|
Beijing SDL Technology Co Ltd
SHE:002658
|
$684.71 Million |
|
Surya Citra Media Tbk
JK:SCMA
|
$684.69 Million |
|
Chengdu Bright Eye Hospital Co. Ltd.
SHE:301239
|
$684.62 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Hugong Elec(Group)'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,224,080,681 to 1,445,029,711, a change of 220,949,030 (18.1%).
- Net loss of 18,189,665 reduced equity.
- Dividend payments of 14,324,666 reduced retained earnings.
- Other comprehensive income decreased equity by 103,731,366.
- Other factors increased equity by 357,194,726.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-18.19 Million | -1.26% |
| Dividends Paid | CN¥14.32 Million | -0.99% |
| Other Comprehensive Income | CN¥-103.73 Million | -7.18% |
| Other Changes | CN¥357.19 Million | +24.72% |
| Total Change | CN¥- | 18.05% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Hugong Elec(Group)'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: 3.16x
- 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 16.71x to 3.16x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2011-12-31 | CN¥0.83 | CN¥13.89 | x |
| 2012-12-31 | CN¥1.03 | CN¥13.89 | x |
| 2013-12-31 | CN¥1.27 | CN¥13.89 | x |
| 2014-12-31 | CN¥1.42 | CN¥13.89 | x |
| 2015-12-31 | CN¥1.61 | CN¥13.89 | x |
| 2016-12-31 | CN¥2.56 | CN¥13.89 | x |
| 2017-12-31 | CN¥2.32 | CN¥13.89 | x |
| 2018-12-31 | CN¥3.53 | CN¥13.89 | x |
| 2019-12-31 | CN¥3.85 | CN¥13.89 | x |
| 2020-12-31 | CN¥4.13 | CN¥13.89 | x |
| 2021-12-31 | CN¥4.35 | CN¥13.89 | x |
| 2022-12-31 | CN¥4.00 | CN¥13.89 | x |
| 2023-12-31 | CN¥3.79 | CN¥13.89 | x |
| 2024-12-31 | CN¥3.90 | CN¥13.89 | x |
| 2025-12-31 | CN¥4.40 | CN¥13.89 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Hugong Elec(Group) 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): -1.26%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.97%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 1.46x
- Recent ROE (-1.26%) is below the historical average (9.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 24.06% | 9.95% | 1.36x | 1.78x | CN¥24.37 Million |
| 2012 | 19.78% | 9.39% | 1.36x | 1.55x | CN¥21.28 Million |
| 2013 | 18.86% | 10.33% | 1.27x | 1.44x | CN¥23.75 Million |
| 2014 | 17.11% | 10.59% | 1.10x | 1.47x | CN¥21.09 Million |
| 2015 | 14.45% | 10.55% | 1.01x | 1.36x | CN¥14.92 Million |
| 2016 | 11.14% | 13.85% | 0.64x | 1.26x | CN¥7.08 Million |
| 2017 | 10.48% | 9.60% | 0.78x | 1.39x | CN¥3.14 Million |
| 2018 | 7.37% | 8.59% | 0.64x | 1.34x | CN¥-26.49 Million |
| 2019 | 7.78% | 10.49% | 0.56x | 1.32x | CN¥-27.12 Million |
| 2020 | 9.19% | 11.19% | 0.47x | 1.76x | CN¥-10.66 Million |
| 2021 | 10.34% | 11.01% | 0.54x | 1.73x | CN¥4.72 Million |
| 2022 | -10.00% | -12.76% | 0.43x | 1.83x | CN¥-253.10 Million |
| 2023 | -4.48% | -5.15% | 0.49x | 1.79x | CN¥-175.28 Million |
| 2024 | 1.03% | 1.16% | 0.48x | 1.82x | CN¥-109.85 Million |
| 2025 | -1.26% | -1.97% | 0.44x | 1.46x | CN¥-162.69 Million |
Industry Comparison
This section compares Shanghai Hugong Elec(Group)'s net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $916,926,324
- Average return on equity (ROE) among peers: 3.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Hugong Elec(Group) (603131) | CN¥1.66 Billion | 24.06% | 0.26x | $684.78 Million |
| Huayi Compressor Co Ltd (000404) | $1.12 Billion | 9.22% | 3.23x | $700.70 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.55 Billion | 9.14% | 5.77x | $2.16 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $137.29 Million | 0.92% | 0.66x | $3.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.06 Billion | 6.63% | 0.45x | $457.86 Million |
| Changchai Co Ltd (000570) | $376.02 Million | 53.26% | 1.68x | $427.72 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $1.12 Billion | -70.12% | 3.14x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $434.81 Million | 0.07% | 1.59x | $878.09 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.00 Billion | 11.10% | 0.64x | $938.65 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $738.00 Million | 11.68% | 0.18x | $683.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $637.23 Million | 7.17% | 0.71x | $1.45 Billion |
About Shanghai Hugong Elec(Group)
Shanghai Hugong Electric Group Co.,Ltd. manufactures and sells welding and cutting equipment in China and internationally. The company offers welding machines, including stick welders, MIG/MAG welders, TIG welders, plasma cutters, submerged arc welders, engine driven welders, and laser welders; laser cutting machines; and plasma cutting machines comprising CNC flame and plasma cutting machines, a… Read more