Hangcha Group Co Ltd (603298) - Net Assets
Based on the latest financial reports, Hangcha Group Co Ltd (603298) has net assets worth CN¥12.79 Billion CNY (≈ $1.87 Billion 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¥20.79 Billion ≈ $3.04 Billion USD) and total liabilities (CN¥7.99 Billion ≈ $1.17 Billion 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 tangible net worth ratio of Hangcha Group Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥12.79 Billion |
| % of Total Assets | 61.56% |
| Annual Growth Rate | 18.1% |
| 5-Year Change | 105.2% |
| 10-Year Change | 254.78% |
| Growth Volatility | 12.87 |
Hangcha Group Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Hangcha Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See 603298 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hangcha Group Co Ltd (2011–2025)
The table below shows the annual net assets of Hangcha Group Co Ltd from 2011 to 2025. For live valuation and market cap data, see Hangcha Group Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥12.37 Billion ≈ $1.81 Billion |
+13.63% |
| 2024-12-31 | CN¥10.89 Billion ≈ $1.59 Billion |
+17.67% |
| 2023-12-31 | CN¥9.25 Billion ≈ $1.35 Billion |
+35.84% |
| 2022-12-31 | CN¥6.81 Billion ≈ $996.56 Million |
+12.98% |
| 2021-12-31 | CN¥6.03 Billion ≈ $882.05 Million |
+12.81% |
| 2020-12-31 | CN¥5.34 Billion ≈ $781.88 Million |
+14.07% |
| 2019-12-31 | CN¥4.68 Billion ≈ $685.45 Million |
+11.50% |
| 2018-12-31 | CN¥4.20 Billion ≈ $614.74 Million |
+10.47% |
| 2017-12-31 | CN¥3.80 Billion ≈ $556.48 Million |
+9.08% |
| 2016-12-31 | CN¥3.49 Billion ≈ $510.17 Million |
+59.39% |
| 2015-12-31 | CN¥2.19 Billion ≈ $320.08 Million |
+13.04% |
| 2014-12-31 | CN¥1.93 Billion ≈ $283.15 Million |
+16.21% |
| 2013-12-31 | CN¥1.67 Billion ≈ $243.65 Million |
+16.90% |
| 2012-12-31 | CN¥1.42 Billion ≈ $208.43 Million |
+18.30% |
| 2011-12-31 | CN¥1.20 Billion ≈ $176.19 Million |
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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 2046.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥7.93 Billion | 68.32% |
| Other Components | CN¥3.68 Billion | 31.68% |
| Total Equity | CN¥11.61 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 |
|---|---|
|
FORM.DE C.Y C.ADR 1/5/EO1
F:FCC0
|
$4.73 Billion |
|
Empire Company Limited
TO:EMP-A
|
$4.73 Billion |
|
Shanghai Fudan Microelectronics Group Co Ltd
SHG:688385
|
$4.74 Billion |
|
Grupo Simec S.A.B. de C.V
MX:SIMECB
|
$4.74 Billion |
|
Hess Midstream Partners LP
NYSE:HESM
|
$4.72 Billion |
|
Allfunds Group Ltd
AS:ALLFG
|
$4.72 Billion |
|
Uipath Inc
NYSE:PATH
|
$4.72 Billion |
|
Beijing Tongrentang Co Ltd
SHG:600085
|
$4.72 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 2024 to 2025, total equity changed from 10,163,895,056 to 11,608,341,434, a change of 1,444,446,378 (14.2%).
- Net income of 2,191,315,696 contributed positively to equity growth.
- Dividend payments of 949,038,382 reduced retained earnings.
- Other factors increased equity by 202,169,065.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥2.19 Billion | +18.88% |
| Dividends Paid | CN¥949.04 Million | -8.18% |
| Other Changes | CN¥202.17 Million | +1.74% |
| Total Change | CN¥- | 14.21% |
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: 2.78x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 13.99x to 2.78x 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¥24.66 | x |
| 2012-12-31 | CN¥1.86 | CN¥24.66 | x |
| 2013-12-31 | CN¥1.95 | CN¥24.66 | x |
| 2014-12-31 | CN¥2.31 | CN¥24.66 | x |
| 2015-12-31 | CN¥2.58 | CN¥24.66 | x |
| 2016-12-31 | CN¥4.31 | CN¥24.66 | x |
| 2017-12-31 | CN¥4.05 | CN¥24.66 | x |
| 2018-12-31 | CN¥4.43 | CN¥24.66 | x |
| 2019-12-31 | CN¥4.98 | CN¥24.66 | x |
| 2020-12-31 | CN¥5.68 | CN¥24.66 | x |
| 2021-12-31 | CN¥6.46 | CN¥24.66 | x |
| 2022-12-31 | CN¥6.99 | CN¥24.66 | x |
| 2023-12-31 | CN¥9.16 | CN¥24.66 | x |
| 2024-12-31 | CN¥7.74 | CN¥24.66 | x |
| 2025-12-31 | CN¥8.86 | CN¥24.66 | 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): 18.88%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.35%
- • Asset Turnover: 0.90x
- • Equity Multiplier: 1.70x
- Recent ROE (18.88%) is above the historical average (17.55%), 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 |
| 2025 | 18.88% | 12.35% | 0.90x | 1.70x | CN¥1.03 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: $6,825,242,212
- Average return on equity (ROE) among peers: 5.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangcha Group Co Ltd (603298) | CN¥12.79 Billion | 19.45% | 0.62x | $4.73 Billion |
| Zoomlion Heavy Industry Science and Technology Co Ltd (000157) | $5.34 Billion | 29.37% | 3.33x | $7.87 Billion |
| XCMG Construction Machinery Co Ltd (000425) | $54.66 Billion | 7.89% | 2.20x | $15.46 Billion |
| Guangxi Liugong Machinery Co Ltd (000528) | $703.79 Million | 2.94% | 0.68x | $2.38 Billion |
| Shantui Construction Machinery Co Ltd (000680) | $562.10 Million | 2.39% | 1.35x | $2.24 Billion |
| Faw Car Co Ltd (000800) | $4.96 Billion | 8.85% | 0.84x | $4.39 Billion |
| JiangSu JiangHuai Engine Co Ltd (000816) | $944.23 Million | 10.63% | 0.67x | $508.18 Million |
| HBIS Resources Co Ltd (000923) | $372.01 Million | -11.73% | 1.21x | $1.32 Billion |
| Sinotruk Jinan Truck Co Ltd (000951) | $208.59 Million | -37.77% | 6.03x | $3.78 Billion |
| Zhongtong Bus Holding Co Ltd (000957) | $431.97 Million | 10.81% | 0.53x | $870.21 Million |
| Sunward Intelligent Equipment Co Ltd (002097) | $66.86 Million | 34.78% | 2.19x | $1.28 Billion |
About 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