Huida Sanitary Ware Co Ltd (603385) - Net Assets
Based on the latest financial reports, Huida Sanitary Ware Co Ltd (603385) has net assets worth CN¥3.60 Billion CNY (≈ $527.35 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¥4.71 Billion ≈ $688.86 Million USD) and total liabilities (CN¥1.10 Billion ≈ $161.51 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 603385 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.60 Billion |
| % of Total Assets | 76.55% |
| Annual Growth Rate | 5.4% |
| 5-Year Change | -10.27% |
| 10-Year Change | 73.65% |
| Growth Volatility | 13.46 |
Huida Sanitary Ware Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Huida Sanitary Ware Co Ltd's net assets have evolved over time, based on quarterly financial data. See Huida Sanitary Ware Co Ltd (603385) liquidity interval to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Huida Sanitary Ware Co Ltd (2012–2025)
The table below shows the annual net assets of Huida Sanitary Ware Co Ltd from 2012 to 2025. For live valuation and market cap data, see Huida Sanitary Ware Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.63 Billion ≈ $531.88 Million |
-6.61% |
| 2024-12-31 | CN¥3.89 Billion ≈ $569.50 Million |
+1.45% |
| 2023-12-31 | CN¥3.84 Billion ≈ $561.38 Million |
-6.23% |
| 2022-12-31 | CN¥4.09 Billion ≈ $598.66 Million |
+0.99% |
| 2021-12-31 | CN¥4.05 Billion ≈ $592.77 Million |
+5.33% |
| 2020-12-31 | CN¥3.85 Billion ≈ $562.75 Million |
+8.33% |
| 2019-12-31 | CN¥3.55 Billion ≈ $519.46 Million |
+7.10% |
| 2018-12-31 | CN¥3.31 Billion ≈ $485.02 Million |
+5.41% |
| 2017-12-31 | CN¥3.14 Billion ≈ $460.11 Million |
+50.22% |
| 2016-12-31 | CN¥2.09 Billion ≈ $306.29 Million |
+3.70% |
| 2015-12-31 | CN¥2.02 Billion ≈ $295.35 Million |
+0.70% |
| 2014-12-31 | CN¥2.00 Billion ≈ $293.30 Million |
+4.21% |
| 2013-12-31 | CN¥1.92 Billion ≈ $281.46 Million |
+4.82% |
| 2012-12-31 | CN¥1.83 Billion ≈ $268.51 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Huida Sanitary Ware 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 60.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.05 Billion | 57.66% |
| Other Components | CN¥1.50 Billion | 42.34% |
| Total Equity | CN¥3.55 Billion | 100.00% |
Huida Sanitary Ware Co Ltd Competitors by Market Cap
The table below lists competitors of Huida Sanitary Ware Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sangam (India) Limited
NSE:SANGAMIND
|
$287.43 Million |
|
Companhia Brasileira de Distribuição
F:C1B2
|
$287.63 Million |
|
I-Sheng Electric Wire & Cable Co Ltd
TW:6115
|
$287.64 Million |
|
Shenzhen Friendcom Technology Development Co Ltd
SHE:300514
|
$287.69 Million |
|
Leatec Fine Ceramics Co Ltd
TWO:6127
|
$287.39 Million |
|
Guangdong Tianhe Agricultural Means
SHE:002999
|
$287.38 Million |
|
Daishin Securities Co Ltd Pref
KO:003545
|
$287.38 Million |
|
Fujian Jinsen Forestry Co Ltd
SHE:002679
|
$287.37 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huida Sanitary Ware Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,782,147,050 to 3,548,627,519, a change of -233,519,531 (-6.2%).
- Net loss of 189,828,316 reduced equity.
- Dividend payments of 48,313,139 reduced retained earnings.
- Other comprehensive income decreased equity by 153,184,637.
- Other factors increased equity by 157,806,560.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-189.83 Million | -5.35% |
| Dividends Paid | CN¥48.31 Million | -1.36% |
| Other Comprehensive Income | CN¥-153.18 Million | -4.32% |
| Other Changes | CN¥157.81 Million | +4.45% |
| Total Change | CN¥- | -6.17% |
Book Value vs Market Value Analysis
This analysis compares Huida Sanitary Ware 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: 0.55x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 0.81x to 0.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥6.33 | CN¥5.16 | x |
| 2013-12-31 | CN¥6.68 | CN¥5.16 | x |
| 2014-12-31 | CN¥6.68 | CN¥5.16 | x |
| 2015-12-31 | CN¥6.76 | CN¥5.16 | x |
| 2016-12-31 | CN¥7.01 | CN¥5.16 | x |
| 2017-12-31 | CN¥8.46 | CN¥5.16 | x |
| 2018-12-31 | CN¥8.57 | CN¥5.16 | x |
| 2019-12-31 | CN¥9.16 | CN¥5.16 | x |
| 2020-12-31 | CN¥9.96 | CN¥5.16 | x |
| 2021-12-31 | CN¥10.15 | CN¥5.16 | x |
| 2022-12-31 | CN¥10.04 | CN¥5.16 | x |
| 2023-12-31 | CN¥9.46 | CN¥5.16 | x |
| 2024-12-31 | CN¥9.80 | CN¥5.16 | x |
| 2025-12-31 | CN¥9.32 | CN¥5.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huida Sanitary Ware 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): -5.35%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -6.45%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.37x
- Recent ROE (-5.35%) is below the historical average (5.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 6.80% | 6.44% | 0.61x | 1.73x | CN¥-53.71 Million |
| 2013 | 5.18% | 5.04% | 0.60x | 1.71x | CN¥-87.07 Million |
| 2014 | 7.25% | 6.46% | 0.65x | 1.74x | CN¥-51.21 Million |
| 2015 | 4.32% | 3.62% | 0.72x | 1.66x | CN¥-106.06 Million |
| 2016 | 10.86% | 9.23% | 0.69x | 1.71x | CN¥16.64 Million |
| 2017 | 7.57% | 8.25% | 0.67x | 1.36x | CN¥-72.89 Million |
| 2018 | 7.58% | 8.24% | 0.66x | 1.40x | CN¥-76.05 Million |
| 2019 | 9.72% | 10.25% | 0.67x | 1.41x | CN¥-9.49 Million |
| 2020 | 8.33% | 9.55% | 0.57x | 1.53x | CN¥-61.57 Million |
| 2021 | 6.11% | 6.05% | 0.62x | 1.64x | CN¥-149.85 Million |
| 2022 | 3.29% | 3.75% | 0.57x | 1.53x | CN¥-261.70 Million |
| 2023 | -5.39% | -5.46% | 0.62x | 1.60x | CN¥-561.33 Million |
| 2024 | 3.67% | 4.01% | 0.63x | 1.46x | CN¥-239.27 Million |
| 2025 | -5.35% | -6.45% | 0.60x | 1.37x | CN¥-544.69 Million |
Industry Comparison
This section compares Huida Sanitary Ware Co Ltd's net assets metrics with peer companies in the Building Products & Equipment industry.
Industry Context
- Industry: Building Products & Equipment
- Average net assets among peers: $1,778,672,140
- Average return on equity (ROE) among peers: 9.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huida Sanitary Ware Co Ltd (603385) | CN¥3.60 Billion | 6.80% | 0.31x | $287.43 Million |
| China Fangda Group Co Ltd (000055) | $5.45 Billion | 7.15% | 1.18x | $363.04 Million |
| Huasu Holdings Co Ltd (000509) | $185.23 Million | 6.36% | 3.51x | $637.55 Million |
| Wuhu Conch Profiles and Science Co Ltd (000619) | $1.55 Billion | 8.86% | 0.55x | $309.87 Million |
| Beijing New Building Materials Public Ltd Co (000786) | $150.91 Million | 32.53% | 0.67x | $4.91 Billion |
| Yantai Moon Co Ltd (000811) | $3.97 Billion | 11.46% | 0.87x | $5.83 Billion |
| Tangshan Jidong Equipment Engineering Co Ltd (000856) | $436.84 Million | 5.27% | 3.74x | $258.43 Million |
| Shandong Luyang Share Co Ltd (002088) | $1.30 Billion | 9.41% | 0.28x | $660.76 Million |
| Everjoy Health Group Co Ltd (002162) | $607.94 Million | 3.55% | 2.43x | $476.42 Million |
| XinJiang GuoTong Pipeline Co Ltd (002205) | $948.58 Million | 1.69% | 0.66x | $299.41 Million |
| Puyang Refractories Group Co Ltd (002225) | $3.18 Billion | 9.43% | 0.97x | $714.16 Million |
About Huida Sanitary Ware Co Ltd
Huida Sanitary Ware Co.,Ltd produces and sells sanitary ceramic products in China and Internationally. It offers intelligent mirrors, smart toilets, toilets, taps and mixers, bathroom furniture, washbasins, bathtubs, bidets, urinals, squatting pans, kitchen sinks, shower rooms, showers, unit bathroom, tiles, and bathroom accessories. Huida Sanitary Ware Co.,Ltd was founded in 1982 and is based in… Read more