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 Shanghai Hugong Elec(Group) tangible book value ratio to evaluate the tangible quality of the company's equity base.
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. See 603131 cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.
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. For live valuation and market cap data, see Shanghai Hugong Elec(Group) (603131) total market value.
| 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 |
|---|---|
|
KSB SE & Co. KGaA
XETRA:KSB
|
$912.16 Million |
|
Jiangsu Changbao Steeltube Co Ltd
SHE:002478
|
$912.17 Million |
|
Double Bond Chemical Ind Co Ltd
TW:4764
|
$912.27 Million |
|
Inwido AB
ST:INWI
|
$912.73 Million |
|
Zhejiang Oceanking Development Co Ltd
SHG:603213
|
$911.91 Million |
|
Dezhan HealthCare Co Ltd
SHE:000813
|
$911.41 Million |
|
LIVZON PHARMAC. GRP H YC1
F:LP6
|
$911.32 Million |
|
Shenzhen Feima International Supply Chain Co Ltd
SHE:002210
|
$911.25 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: 4.21x
- 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 22.26x to 4.21x 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¥18.50 | x |
| 2012-12-31 | CN¥1.03 | CN¥18.50 | x |
| 2013-12-31 | CN¥1.27 | CN¥18.50 | x |
| 2014-12-31 | CN¥1.42 | CN¥18.50 | x |
| 2015-12-31 | CN¥1.61 | CN¥18.50 | x |
| 2016-12-31 | CN¥2.56 | CN¥18.50 | x |
| 2017-12-31 | CN¥2.32 | CN¥18.50 | x |
| 2018-12-31 | CN¥3.53 | CN¥18.50 | x |
| 2019-12-31 | CN¥3.85 | CN¥18.50 | x |
| 2020-12-31 | CN¥4.13 | CN¥18.50 | x |
| 2021-12-31 | CN¥4.35 | CN¥18.50 | x |
| 2022-12-31 | CN¥4.00 | CN¥18.50 | x |
| 2023-12-31 | CN¥3.79 | CN¥18.50 | x |
| 2024-12-31 | CN¥3.90 | CN¥18.50 | x |
| 2025-12-31 | CN¥4.40 | CN¥18.50 | 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: $2,053,540,271
- Average return on equity (ROE) among peers: 4.45%
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 | $912.05 Million |
| Huayi Compressor Co Ltd (000404) | $2.70 Billion | 6.94% | 1.45x | $768.94 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.11 Billion | 8.63% | 3.77x | $1.98 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.75 Billion | 8.40% | 0.54x | $4.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $657.04 Million | 17.35% | 0.68x | $478.11 Million |
| Changchai Co Ltd (000570) | $2.06 Billion | 3.02% | 0.72x | $409.83 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $437.03 Million | 6.41% | 1.13x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $356.47 Million | -22.08% | 1.87x | $1.07 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.10 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $788.41 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $803.92 Million | 9.00% | 0.67x | $1.83 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