Hengdian Group Tospo Lighting Co Ltd
Hengdian Group Tospo Lighting Co., Ltd. engages in the research and development, production, sale, and servicing of civil, commercial, and automotive lighting products in China. The company offers civil lighting, commercial lighting and intelligent lighting products. It provides consumer lighting, including plant, decorative, cross, small panel, ceiling, downlight, filament lamp, and bulb lights;… Read more
Hengdian Group Tospo Lighting Co Ltd (603303) - Net Assets
Latest net assets as of September 2025: CN¥3.18 Billion CNY
Based on the latest financial reports, Hengdian Group Tospo Lighting Co Ltd (603303) has net assets worth CN¥3.18 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¥6.57 Billion) and total liabilities (CN¥3.39 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¥3.18 Billion |
| % of Total Assets | 48.42% |
| Annual Growth Rate | 22.51% |
| 5-Year Change | 24.95% |
| 10-Year Change | 262.24% |
| Growth Volatility | 28.04 |
Hengdian Group Tospo Lighting Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Hengdian Group Tospo Lighting 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 Hengdian Group Tospo Lighting Co Ltd (2011–2024)
The table below shows the annual net assets of Hengdian Group Tospo Lighting Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.63 Billion | +2.25% |
| 2023-12-31 | CN¥3.55 Billion | +6.58% |
| 2022-12-31 | CN¥3.33 Billion | +5.64% |
| 2021-12-31 | CN¥3.15 Billion | +8.53% |
| 2020-12-31 | CN¥2.90 Billion | +8.97% |
| 2019-12-31 | CN¥2.66 Billion | +3.36% |
| 2018-12-31 | CN¥2.58 Billion | +8.65% |
| 2017-12-31 | CN¥2.37 Billion | +91.09% |
| 2016-12-31 | CN¥1.24 Billion | +23.98% |
| 2015-12-31 | CN¥1.00 Billion | +36.24% |
| 2014-12-31 | CN¥735.09 Million | +64.64% |
| 2013-12-31 | CN¥446.49 Million | +61.48% |
| 2012-12-31 | CN¥276.49 Million | +6.76% |
| 2011-12-31 | CN¥258.98 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hengdian Group Tospo Lighting 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 2229.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.25 Billion | 63.02% |
| Common Stock | CN¥476.94 Million | 13.39% |
| Other Comprehensive Income | CN¥234.55 Million | 6.58% |
| Other Components | CN¥605.95 Million | 17.01% |
| Total Equity | CN¥3.56 Billion | 100.00% |
Hengdian Group Tospo Lighting Co Ltd Competitors by Market Cap
The table below lists competitors of Hengdian Group Tospo Lighting Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Pangaea Logistic
NASDAQ:PANL
|
$198.15 Million |
|
UNID Company Ltd
KO:014830
|
$198.16 Million |
|
Indian Metals & Ferro Alloys Limited
NSE:IMFA
|
$198.24 Million |
|
RADIANT LOGISTICS DL-001
F:3GT
|
$198.25 Million |
|
MOSCHIP TECHNOLOGIES LTD
NSE:MOSCHIP
|
$198.13 Million |
|
Automotive Properties Real Estate Investment Trust
PINK:APPTF
|
$198.09 Million |
|
CSE Global Limited
PINK:CSYJF
|
$198.08 Million |
|
Deo Ca Traffic Infrastructure Investment JSC
VN:HHV
|
$198.05 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hengdian Group Tospo Lighting Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,486,367,371 to 3,563,064,992, a change of 76,697,621 (2.2%).
- Net income of 347,296,751 contributed positively to equity growth.
- Dividend payments of 180,770,329 reduced retained earnings.
- Share repurchases of 108,687,400 reduced equity.
- Other comprehensive income increased equity by 234,550,570.
- Other factors decreased equity by 215,691,971.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥347.30 Million | +9.75% |
| Dividends Paid | CN¥180.77 Million | -5.07% |
| Share Repurchases | CN¥108.69 Million | -3.05% |
| Other Comprehensive Income | CN¥234.55 Million | +6.58% |
| Other Changes | CN¥-215.69 Million | -6.05% |
| Total Change | CN¥- | 2.20% |
Book Value vs Market Value Analysis
This analysis compares Hengdian Group Tospo Lighting 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: 1.95x
- 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 24.05x to 1.95x 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¥0.61 | CN¥14.74 | x |
| 2012-12-31 | CN¥0.67 | CN¥14.74 | x |
| 2013-12-31 | CN¥1.13 | CN¥14.74 | x |
| 2014-12-31 | CN¥1.90 | CN¥14.74 | x |
| 2015-12-31 | CN¥2.65 | CN¥14.74 | x |
| 2016-12-31 | CN¥3.25 | CN¥14.74 | x |
| 2017-12-31 | CN¥5.17 | CN¥14.74 | x |
| 2018-12-31 | CN¥5.27 | CN¥14.74 | x |
| 2019-12-31 | CN¥5.52 | CN¥14.74 | x |
| 2020-12-31 | CN¥6.06 | CN¥14.74 | x |
| 2021-12-31 | CN¥6.49 | CN¥14.74 | x |
| 2022-12-31 | CN¥6.86 | CN¥14.74 | x |
| 2023-12-31 | CN¥7.31 | CN¥14.74 | x |
| 2024-12-31 | CN¥7.54 | CN¥14.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hengdian Group Tospo Lighting 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): 9.75%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.84%
- • Asset Turnover: 0.74x
- • Equity Multiplier: 1.67x
- Recent ROE (9.75%) is below the historical average (20.61%), 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 | 20.73% | 2.62% | 1.15x | 6.90x | CN¥23.35 Million |
| 2012 | 33.50% | 4.43% | 1.35x | 5.60x | CN¥55.82 Million |
| 2013 | 44.04% | 7.17% | 1.53x | 4.01x | CN¥136.67 Million |
| 2014 | 44.39% | 10.86% | 1.57x | 2.60x | CN¥234.88 Million |
| 2015 | 35.65% | 10.56% | 1.55x | 2.18x | CN¥245.50 Million |
| 2016 | 26.68% | 9.88% | 1.39x | 1.94x | CN¥199.26 Million |
| 2017 | 8.85% | 5.21% | 1.16x | 1.47x | CN¥-27.17 Million |
| 2018 | 9.63% | 6.19% | 1.04x | 1.49x | CN¥-9.61 Million |
| 2019 | 11.66% | 7.30% | 1.03x | 1.55x | CN¥44.18 Million |
| 2020 | 11.84% | 7.59% | 1.01x | 1.54x | CN¥53.11 Million |
| 2021 | 10.59% | 6.22% | 1.05x | 1.62x | CN¥18.15 Million |
| 2022 | 10.41% | 7.31% | 0.93x | 1.54x | CN¥13.36 Million |
| 2023 | 10.77% | 8.00% | 0.84x | 1.61x | CN¥26.95 Million |
| 2024 | 9.75% | 7.84% | 0.74x | 1.67x | CN¥-9.01 Million |
Industry Comparison
This section compares Hengdian Group Tospo Lighting 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: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hengdian Group Tospo Lighting Co Ltd (603303) | CN¥3.18 Billion | 20.73% | 1.07x | $198.13 Million |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |