HMT(Xiamen)New Technical
HMT (Xiamen) New Technical Materials Co., Ltd. researches, develops, produces, and sells fabrics in China and internationally. It offers automotive safety airbag fabrics, airbags/OPWs, seat belts, bulletproof fabrics, mesh clothes and other industrial fabrics. The company was formerly known as Huamao (Xiamen) Technical Textile Co., Ltd and changed its name to HMT (Xiamen) New Technical Materials … Read more
HMT(Xiamen)New Technical (603306) - Net Assets
Latest net assets as of September 2025: CN¥3.54 Billion CNY
Based on the latest financial reports, HMT(Xiamen)New Technical (603306) has net assets worth CN¥3.54 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¥5.86 Billion) and total liabilities (CN¥2.33 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¥3.54 Billion |
| % of Total Assets | 60.28% |
| Annual Growth Rate | 23.06% |
| 5-Year Change | 58.33% |
| 10-Year Change | 262.29% |
| Growth Volatility | 33.41 |
HMT(Xiamen)New Technical - Net Assets Trend (2011–2024)
This chart illustrates how HMT(Xiamen)New Technical's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for HMT(Xiamen)New Technical (2011–2024)
The table below shows the annual net assets of HMT(Xiamen)New Technical from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.91 Billion | +2.53% |
| 2023-12-31 | CN¥3.81 Billion | +14.20% |
| 2022-12-31 | CN¥3.34 Billion | +21.14% |
| 2021-12-31 | CN¥2.75 Billion | +11.61% |
| 2020-12-31 | CN¥2.47 Billion | +2.62% |
| 2019-12-31 | CN¥2.40 Billion | +3.67% |
| 2018-12-31 | CN¥2.32 Billion | +8.13% |
| 2017-12-31 | CN¥2.14 Billion | +65.01% |
| 2016-12-31 | CN¥1.30 Billion | +20.56% |
| 2015-12-31 | CN¥1.08 Billion | +16.88% |
| 2014-12-31 | CN¥922.52 Million | +128.69% |
| 2013-12-31 | CN¥403.39 Million | +28.31% |
| 2012-12-31 | CN¥314.39 Million | +19.57% |
| 2011-12-31 | CN¥262.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to HMT(Xiamen)New Technical'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 1622.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.67 Billion | 44.01% |
| Common Stock | CN¥328.97 Million | 8.69% |
| Other Components | CN¥1.79 Billion | 47.30% |
| Total Equity | CN¥3.79 Billion | 100.00% |
HMT(Xiamen)New Technical Competitors by Market Cap
The table below lists competitors of HMT(Xiamen)New Technical ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Scotts Miracle-Gro Company
NYSE:SMG
|
$2.76 Billion |
|
Zhejiang CFMoto Power Co Ltd
SHG:603129
|
$2.76 Billion |
|
Immunitybio Inc
NASDAQ:IBRX
|
$2.76 Billion |
|
Marui Group Co. Ltd
F:MUI
|
$2.77 Billion |
|
First Interstate BancSystem Inc
NASDAQ:FIBK
|
$2.76 Billion |
|
Denali Therapeutics Inc
NASDAQ:DNLI
|
$2.76 Billion |
|
Jiangxi Lianchuang Opto-electronic Science & Technology Co Ltd
SHG:600363
|
$2.76 Billion |
|
Centre Testing Intl Shenzhen
SHE:300012
|
$2.76 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in HMT(Xiamen)New Technical's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,670,375,873 to 3,786,494,130, a change of 116,118,257 (3.2%).
- Net income of 277,444,081 contributed positively to equity growth.
- Dividend payments of 65,107,955 reduced retained earnings.
- Share repurchases of 152,984,821 reduced equity.
- Other factors increased equity by 56,766,952.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥277.44 Million | +7.33% |
| Dividends Paid | CN¥65.11 Million | -1.72% |
| Share Repurchases | CN¥152.98 Million | -4.04% |
| Other Changes | CN¥56.77 Million | +1.5% |
| Total Change | CN¥- | 3.16% |
Book Value vs Market Value Analysis
This analysis compares HMT(Xiamen)New Technical'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: 7.15x
- 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 68.65x to 7.15x 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¥1.28 | CN¥88.17 | x |
| 2012-12-31 | CN¥1.54 | CN¥88.17 | x |
| 2013-12-31 | CN¥1.97 | CN¥88.17 | x |
| 2014-12-31 | CN¥4.15 | CN¥88.17 | x |
| 2015-12-31 | CN¥3.94 | CN¥88.17 | x |
| 2016-12-31 | CN¥4.76 | CN¥88.17 | x |
| 2017-12-31 | CN¥7.56 | CN¥88.17 | x |
| 2018-12-31 | CN¥7.55 | CN¥88.17 | x |
| 2019-12-31 | CN¥7.83 | CN¥88.17 | x |
| 2020-12-31 | CN¥8.00 | CN¥88.17 | x |
| 2021-12-31 | CN¥8.67 | CN¥88.17 | x |
| 2022-12-31 | CN¥9.69 | CN¥88.17 | x |
| 2023-12-31 | CN¥11.28 | CN¥88.17 | x |
| 2024-12-31 | CN¥12.34 | CN¥88.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently HMT(Xiamen)New Technical 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): 7.33%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 12.54%
- • Asset Turnover: 0.41x
- • Equity Multiplier: 1.42x
- Recent ROE (7.33%) is below the historical average (13.17%), 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 | 26.91% | 25.73% | 0.73x | 1.44x | CN¥44.46 Million |
| 2012 | 16.36% | 17.33% | 0.65x | 1.46x | CN¥20.01 Million |
| 2013 | 22.06% | 22.45% | 0.67x | 1.47x | CN¥48.66 Million |
| 2014 | 12.85% | 22.31% | 0.47x | 1.22x | CN¥26.25 Million |
| 2015 | 16.20% | 25.83% | 0.53x | 1.18x | CN¥66.85 Million |
| 2016 | 20.19% | 29.51% | 0.57x | 1.21x | CN¥132.50 Million |
| 2017 | 12.96% | 28.10% | 0.41x | 1.12x | CN¥63.57 Million |
| 2018 | 11.92% | 28.11% | 0.38x | 1.12x | CN¥44.52 Million |
| 2019 | 9.85% | 24.02% | 0.37x | 1.11x | CN¥-3.64 Million |
| 2020 | 8.18% | 21.17% | 0.34x | 1.12x | CN¥-44.70 Million |
| 2021 | 6.62% | 14.60% | 0.39x | 1.17x | CN¥-90.03 Million |
| 2022 | 6.32% | 12.12% | 0.43x | 1.20x | CN¥-115.72 Million |
| 2023 | 6.59% | 11.77% | 0.40x | 1.39x | CN¥-125.03 Million |
| 2024 | 7.33% | 12.54% | 0.41x | 1.42x | CN¥-101.21 Million |
Industry Comparison
This section compares HMT(Xiamen)New Technical's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $2,087,528,080
- Average return on equity (ROE) among peers: 3.92%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| HMT(Xiamen)New Technical (603306) | CN¥3.54 Billion | 26.91% | 0.66x | $2.76 Billion |
| Shijiazhuang Changshan Textile Co Ltd (000158) | $6.01 Billion | 5.91% | 1.13x | $2.82 Billion |
| Jilin Chemical Fibre Co Ltd (000420) | $2.78 Billion | 3.08% | 1.22x | $1.35 Billion |
| Anhui Huamao Textile Co Ltd (000850) | $1.46 Billion | 9.44% | 1.18x | $321.50 Million |
| Xinxiang Chemical Fiber Co Ltd (000949) | $5.51 Billion | -7.89% | 1.03x | $1.15 Billion |
| Xinlong Holding Group Co Ltd (000955) | $456.17 Million | 0.57% | 1.07x | $279.03 Million |
| Jiiangsu Times Textile Technology Co.LTD (001234) | $895.28 Million | 7.28% | 0.27x | $106.39 Million |
| Anhui Guqi Down & Feather (001390) | $913.70 Million | 18.41% | 0.55x | $30.69K |
| Huafu Top Dyed Melange Yarn Co Ltd (002042) | $218.05 Million | -26.65% | 0.95x | $570.82 Million |
| Sunvim Group Co Ltd (002083) | $2.51 Billion | 5.50% | 1.43x | $791.11 Million |
| Hongda High-Tech Holding Co Ltd (002144) | $122.66 Million | 23.59% | 1.10x | $232.55 Million |