Hangcha Group Co Ltd
Hangcha Group Co., Ltd manufactures and sells forklift products in China and internationally. The company offers lithium e-trucks, e-trucks, IC - trucks, pallet trucks, and reach trucks; and pallet stackers, order pickers, tow tractors, very narrow aisle trucks, rough terrain trucks, aerial platforms, explosion proof forklifts, and AGVs. It also provides spare parts; bulk supply of forklift forks… Read more
Hangcha Group Co Ltd (603298) - Net Assets
Latest net assets as of September 2025: CN¥12.07 Billion CNY
Based on the latest financial reports, Hangcha Group Co Ltd (603298) has net assets worth CN¥12.07 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¥18.83 Billion) and total liabilities (CN¥6.76 Billion). 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¥12.07 Billion |
| % of Total Assets | 64.12% |
| Annual Growth Rate | 18.45% |
| 5-Year Change | 103.73% |
| 10-Year Change | 397.66% |
| Growth Volatility | 13.27 |
Hangcha Group Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Hangcha Group 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 Hangcha Group Co Ltd (2011–2024)
The table below shows the annual net assets of Hangcha Group Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.89 Billion | +17.67% |
| 2023-12-31 | CN¥9.25 Billion | +35.84% |
| 2022-12-31 | CN¥6.81 Billion | +12.98% |
| 2021-12-31 | CN¥6.03 Billion | +12.81% |
| 2020-12-31 | CN¥5.34 Billion | +14.07% |
| 2019-12-31 | CN¥4.68 Billion | +11.50% |
| 2018-12-31 | CN¥4.20 Billion | +10.47% |
| 2017-12-31 | CN¥3.80 Billion | +9.08% |
| 2016-12-31 | CN¥3.49 Billion | +59.39% |
| 2015-12-31 | CN¥2.19 Billion | +13.04% |
| 2014-12-31 | CN¥1.93 Billion | +16.21% |
| 2013-12-31 | CN¥1.67 Billion | +16.90% |
| 2012-12-31 | CN¥1.42 Billion | +18.30% |
| 2011-12-31 | CN¥1.20 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hangcha 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 1738.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥6.79 Billion | 66.84% |
| Common Stock | CN¥1.31 Billion | 12.89% |
| Other Components | CN¥2.06 Billion | 20.27% |
| Total Equity | CN¥10.16 Billion | 100.00% |
Hangcha Group Co Ltd Competitors by Market Cap
The table below lists competitors of Hangcha Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Livzon Pharmaceutical Group Inc
PINK:LVZPF
|
$1.58 Billion |
|
First Merchants Corporation Depository Shares
NASDAQ:FRMEP
|
$1.58 Billion |
|
Shaanxi Aerospace Power Hi-Tech Co Ltd
SHG:600343
|
$1.58 Billion |
|
Highwealth Construction Corp
TW:2542
|
$1.58 Billion |
|
NextVision Stabilized Systems, Ltd.
PINK:NXSNF
|
$1.58 Billion |
|
Enerflex Ltd.
NYSE:EFXT
|
$1.58 Billion |
|
LendingClub Corp
NYSE:LC
|
$1.58 Billion |
|
Eclat Textile Co Ltd
TW:1476
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangcha Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 8,619,865,217 to 10,163,895,056, a change of 1,544,029,839 (17.9%).
- Net income of 2,022,025,703 contributed positively to equity growth.
- Dividend payments of 494,521,871 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.02 Billion | +19.89% |
| Dividends Paid | CN¥494.52 Million | -4.87% |
| Other Changes | CN¥16.53 Million | +0.16% |
| Total Change | CN¥- | 17.91% |
Book Value vs Market Value Analysis
This analysis compares Hangcha 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: 3.32x
- 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 14.59x to 3.32x 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¥1.76 | CN¥25.71 | x |
| 2012-12-31 | CN¥1.86 | CN¥25.71 | x |
| 2013-12-31 | CN¥1.95 | CN¥25.71 | x |
| 2014-12-31 | CN¥2.31 | CN¥25.71 | x |
| 2015-12-31 | CN¥2.58 | CN¥25.71 | x |
| 2016-12-31 | CN¥4.31 | CN¥25.71 | x |
| 2017-12-31 | CN¥4.05 | CN¥25.71 | x |
| 2018-12-31 | CN¥4.43 | CN¥25.71 | x |
| 2019-12-31 | CN¥4.98 | CN¥25.71 | x |
| 2020-12-31 | CN¥5.68 | CN¥25.71 | x |
| 2021-12-31 | CN¥6.46 | CN¥25.71 | x |
| 2022-12-31 | CN¥6.99 | CN¥25.71 | x |
| 2023-12-31 | CN¥9.16 | CN¥25.71 | x |
| 2024-12-31 | CN¥7.74 | CN¥25.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangcha 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): 19.89%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.27%
- • Asset Turnover: 1.01x
- • Equity Multiplier: 1.61x
- Recent ROE (19.89%) is above the historical average (17.45%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2011 | 19.45% | 3.53% | 2.33x | 2.36x | CN¥94.39 Million |
| 2012 | 18.08% | 4.14% | 2.00x | 2.18x | CN¥98.39 Million |
| 2013 | 20.93% | 5.46% | 1.84x | 2.08x | CN¥158.78 Million |
| 2014 | 23.24% | 7.16% | 1.82x | 1.79x | CN¥226.59 Million |
| 2015 | 18.56% | 7.81% | 1.46x | 1.63x | CN¥164.80 Million |
| 2016 | 12.58% | 7.50% | 1.17x | 1.43x | CN¥82.60 Million |
| 2017 | 13.59% | 6.78% | 1.36x | 1.48x | CN¥125.28 Million |
| 2018 | 14.19% | 6.47% | 1.50x | 1.46x | CN¥161.40 Million |
| 2019 | 14.95% | 7.28% | 1.41x | 1.46x | CN¥213.50 Million |
| 2020 | 17.02% | 7.32% | 1.41x | 1.65x | CN¥345.70 Million |
| 2021 | 16.22% | 6.27% | 1.39x | 1.86x | CN¥348.49 Million |
| 2022 | 15.72% | 6.85% | 1.23x | 1.86x | CN¥359.42 Million |
| 2023 | 19.90% | 10.53% | 1.17x | 1.61x | CN¥853.63 Million |
| 2024 | 19.89% | 12.27% | 1.01x | 1.61x | CN¥1.01 Billion |
Industry Comparison
This section compares Hangcha Group Co Ltd's net assets metrics with peer companies in the Farm & Heavy Construction Machinery industry.
Industry Context
- Industry: Farm & Heavy Construction Machinery
- Average net assets among peers: $4,713,679,816
- Average return on equity (ROE) among peers: 9.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangcha Group Co Ltd (603298) | CN¥12.07 Billion | 19.45% | 0.56x | $1.58 Billion |
| XCMG Construction Machinery Co Ltd (000425) | $20.48 Billion | 1.02% | 1.15x | $11.30 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $737.85 Million | 2.72% | 0.71x | $1.96 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $4.51 Billion | 1.03% | 1.49x | $1.25 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $2.54 Billion | -0.35% | 0.35x | $528.05 Million |
| Sinotruk Jinan Truck Co Ltd (000951) | $14.59 Billion | 1.46% | 1.36x | $1.65 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $474.72 Million | 1.13% | 1.63x | $610.98 Million |
| Anhui Tuoshan Heavy Industry Co. Ltd. (001226) | $252.67 Million | 34.83% | 1.21x | $123.77 Million |
| Nanchang Mineral Systems Co. Ltd. A (001360) | $569.40 Million | 21.21% | 1.34x | $202.86 Million |
| Sunward Intelligent Equipment Co Ltd (002097) | $163.46 Million | 23.10% | 1.31x | $970.29 Million |
| Weihai Guangtai Airport Equipment Co Ltd (002111) | $2.82 Billion | 8.32% | 0.62x | $383.43 Million |