Henan Thinker Automation (603508) - Net Assets
Based on the latest financial reports, Henan Thinker Automation (603508) has net assets worth CN¥3.98 Billion CNY (≈ $582.52 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.29 Billion ≈ $627.76 Million USD) and total liabilities (CN¥309.15 Million ≈ $45.24 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 603508 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.98 Billion |
| % of Total Assets | 92.79% |
| Annual Growth Rate | 25.72% |
| 5-Year Change | 23.24% |
| 10-Year Change | 110.81% |
| Growth Volatility | 52.55 |
Henan Thinker Automation - Net Assets Trend (2011–2024)
This chart illustrates how Henan Thinker Automation's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Henan Thinker Automation for the complete picture of this company's asset base.
Annual Net Assets for Henan Thinker Automation (2011–2024)
The table below shows the annual net assets of Henan Thinker Automation from 2011 to 2024. For live valuation and market cap data, see Henan Thinker Automation (603508) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.82 Billion ≈ $705.87 Million |
+3.63% |
| 2023-12-31 | CN¥4.65 Billion ≈ $681.15 Million |
+4.96% |
| 2022-12-31 | CN¥4.43 Billion ≈ $648.97 Million |
+3.55% |
| 2021-12-31 | CN¥4.28 Billion ≈ $626.73 Million |
+9.43% |
| 2020-12-31 | CN¥3.91 Billion ≈ $572.74 Million |
-11.39% |
| 2019-12-31 | CN¥4.42 Billion ≈ $646.34 Million |
+63.84% |
| 2018-12-31 | CN¥2.70 Billion ≈ $394.49 Million |
+5.09% |
| 2017-12-31 | CN¥2.57 Billion ≈ $375.39 Million |
+3.86% |
| 2016-12-31 | CN¥2.47 Billion ≈ $361.45 Million |
+7.95% |
| 2015-12-31 | CN¥2.29 Billion ≈ $334.84 Million |
+197.41% |
| 2014-12-31 | CN¥769.40 Million ≈ $112.59 Million |
+44.91% |
| 2013-12-31 | CN¥530.94 Million ≈ $77.69 Million |
+40.45% |
| 2012-12-31 | CN¥378.03 Million ≈ $55.32 Million |
+53.63% |
| 2011-12-31 | CN¥246.07 Million ≈ $36.01 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Henan Thinker Automation'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 11292.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.84 Billion | 39.13% |
| Common Stock | CN¥381.27 Million | 8.11% |
| Other Components | CN¥2.48 Billion | 52.76% |
| Total Equity | CN¥4.70 Billion | 100.00% |
Henan Thinker Automation Competitors by Market Cap
The table below lists competitors of Henan Thinker Automation ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Globant S.A.
LSE:0RIX
|
$1.46 Billion |
|
Baosheng
SHG:600973
|
$1.46 Billion |
|
Resilient Property Income Fund Ltd
JSE:RES
|
$1.46 Billion |
|
Jaiprakash Power Ventures Limited
NSE:JPPOWER
|
$1.46 Billion |
|
Top Glove Corporation Bhd
KLSE:7113
|
$1.46 Billion |
|
Rianlon Corp
SHE:300596
|
$1.46 Billion |
|
Prodea Real Estate Investment Co.
AT:PRODEA
|
$1.46 Billion |
|
WEBTOON Entertainment Inc. Common stock
NASDAQ:WBTN
|
$1.46 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henan Thinker Automation's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,552,859,509 to 4,701,316,120, a change of 148,456,611 (3.3%).
- Net income of 548,382,073 contributed positively to equity growth.
- Dividend payments of 411,743,615 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥548.38 Million | +11.66% |
| Dividends Paid | CN¥411.74 Million | -8.76% |
| Other Changes | CN¥11.82 Million | +0.25% |
| Total Change | CN¥- | 3.26% |
Book Value vs Market Value Analysis
This analysis compares Henan Thinker Automation'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: 2.12x
- 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 25.09x to 2.12x 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¥1.04 | CN¥26.16 | x |
| 2012-12-31 | CN¥1.61 | CN¥26.16 | x |
| 2013-12-31 | CN¥2.25 | CN¥26.16 | x |
| 2014-12-31 | CN¥3.28 | CN¥26.16 | x |
| 2015-12-31 | CN¥9.72 | CN¥26.16 | x |
| 2016-12-31 | CN¥7.82 | CN¥26.16 | x |
| 2017-12-31 | CN¥8.12 | CN¥26.16 | x |
| 2018-12-31 | CN¥8.48 | CN¥26.16 | x |
| 2019-12-31 | CN¥11.61 | CN¥26.16 | x |
| 2020-12-31 | CN¥10.34 | CN¥26.16 | x |
| 2021-12-31 | CN¥15.43 | CN¥26.16 | x |
| 2022-12-31 | CN¥11.42 | CN¥26.16 | x |
| 2023-12-31 | CN¥11.94 | CN¥26.16 | x |
| 2024-12-31 | CN¥12.33 | CN¥26.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henan Thinker Automation 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): 11.66%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 36.19%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.12x
- Recent ROE (11.66%) is below the historical average (15.20%), 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 | 45.52% | 37.24% | 0.71x | 1.72x | CN¥87.39 Million |
| 2012 | 34.91% | 35.34% | 0.80x | 1.23x | CN¥94.16 Million |
| 2013 | 28.80% | 35.07% | 0.64x | 1.29x | CN¥99.82 Million |
| 2014 | 30.99% | 37.16% | 0.68x | 1.22x | CN¥161.52 Million |
| 2015 | 11.82% | 36.77% | 0.29x | 1.11x | CN¥41.55 Million |
| 2016 | 7.64% | 30.63% | 0.23x | 1.09x | CN¥-57.89 Million |
| 2017 | 5.15% | 28.49% | 0.17x | 1.09x | CN¥-123.38 Million |
| 2018 | 7.04% | 34.69% | 0.19x | 1.07x | CN¥-78.94 Million |
| 2019 | 18.06% | 87.48% | 0.18x | 1.14x | CN¥352.31 Million |
| 2020 | -14.92% | -68.09% | 0.19x | 1.13x | CN¥-959.28 Million |
| 2021 | 9.16% | 36.21% | 0.23x | 1.10x | CN¥-35.46 Million |
| 2022 | 7.97% | 32.46% | 0.22x | 1.10x | CN¥-88.40 Million |
| 2023 | 9.05% | 34.91% | 0.23x | 1.11x | CN¥-43.21 Million |
| 2024 | 11.66% | 36.19% | 0.29x | 1.12x | CN¥78.25 Million |
Industry Comparison
This section compares Henan Thinker Automation's net assets metrics with peer companies in the Scientific & Technical Instruments industry.
Industry Context
- Industry: Scientific & Technical Instruments
- Average net assets among peers: $1,062,220,851
- Average return on equity (ROE) among peers: 5.79%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Henan Thinker Automation (603508) | CN¥3.98 Billion | 45.52% | 0.08x | $1.46 Billion |
| Beijing BDStar Navigation Co Ltd (002151) | $688.09 Million | 6.00% | 0.34x | $3.25 Billion |
| Oriental Times Media Corp (002175) | $488.15 Million | 22.00% | 0.35x | $513.79 Million |
| Changchun UP Optotech Co Ltd (002338) | $787.42 Million | 9.61% | 0.21x | $2.14 Billion |
| Nanjing Sciyon Automation Group Co Ltd (002380) | $122.29 Million | 26.99% | 0.76x | $1.22 Billion |
| Beijing UniStrong Science & Technology Co Ltd (002383) | $369.67 Million | 22.71% | 0.27x | $1.01 Billion |
| Jiangsu Changfa Refrigeration Co Ltd (002413) | $4.96 Billion | -4.85% | 0.30x | $2.54 Billion |
| Wuhan Guide Infrared Co Ltd (002414) | $231.61 Million | 45.18% | 0.48x | $9.27 Billion |
| Shenzhen Jieshun Science and Technology Industry Co Ltd (002609) | $185.20 Million | 27.75% | 0.57x | $809.74 Million |
| Beijing SDL Technology Co Ltd (002658) | $2.15 Billion | 6.55% | 0.42x | $791.70 Million |
| Shenzhen Soling Industrial Co Ltd (002766) | $644.19 Million | -104.04% | 1.14x | $592.94 Million |
About Henan Thinker Automation
Henan Thinker Automatic Equipment Co.,Ltd. engages in the research and development, manufacture, and sale of train operation control systems in China. It offers in-vehicle solutions, such as train operation control, locomotive onboard safety protection, locomotive remote monitoring and diagnosis, and train operation status information systems. The company also provides ground solutions, including… Read more