Hexing Electrical Co Ltd
Hexing Electrical Co.,Ltd. provides electrical equipment and related solutions to power utilities in China and internationally. The company offers cluster metering cabinet; string inverters; IEC and ANSI meters; communication modules; fault circuit indicators and DCU products; recloser and pole switches; ring main units; RMU enclosures; and cable junction boxes. It also provides various solutions… Read more
Hexing Electrical Co Ltd (603556) - Net Assets
Latest net assets as of September 2025: CN¥7.39 Billion CNY
Based on the latest financial reports, Hexing Electrical Co Ltd (603556) has net assets worth CN¥7.39 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¥9.82 Billion) and total liabilities (CN¥2.42 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¥7.39 Billion |
| % of Total Assets | 75.31% |
| Annual Growth Rate | 21.79% |
| 5-Year Change | 32.36% |
| 10-Year Change | 345.94% |
| Growth Volatility | 40.8 |
Hexing Electrical Co Ltd - Net Assets Trend (2011–2024)
This chart illustrates how Hexing Electrical 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 Hexing Electrical Co Ltd (2011–2024)
The table below shows the annual net assets of Hexing Electrical Co Ltd from 2011 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.14 Billion | +7.64% |
| 2023-12-31 | CN¥6.63 Billion | +11.00% |
| 2022-12-31 | CN¥5.98 Billion | +9.52% |
| 2021-12-31 | CN¥5.46 Billion | +1.16% |
| 2020-12-31 | CN¥5.39 Billion | +3.05% |
| 2019-12-31 | CN¥5.23 Billion | +6.84% |
| 2018-12-31 | CN¥4.90 Billion | +4.62% |
| 2017-12-31 | CN¥4.68 Billion | +11.94% |
| 2016-12-31 | CN¥4.18 Billion | +161.28% |
| 2015-12-31 | CN¥1.60 Billion | +19.33% |
| 2014-12-31 | CN¥1.34 Billion | +28.20% |
| 2013-12-31 | CN¥1.05 Billion | +40.27% |
| 2012-12-31 | CN¥746.00 Million | +35.55% |
| 2011-12-31 | CN¥550.35 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hexing Electrical 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 2555.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.02 Billion | 56.49% |
| Common Stock | CN¥488.68 Million | 6.86% |
| Other Components | CN¥2.61 Billion | 36.65% |
| Total Equity | CN¥7.12 Billion | 100.00% |
Hexing Electrical Co Ltd Competitors by Market Cap
The table below lists competitors of Hexing Electrical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ARENDALS FOSSEKOM. NK 4
F:5VZ
|
$832.22 Million |
|
SeSa S.p.A.
PINK:SESPF
|
$832.39 Million |
|
Burke & Herbert Financial Services Corp. Common Stock
NASDAQ:BHRB
|
$832.39 Million |
|
Dehua TB New Decoration Material Co Ltd
SHE:002043
|
$832.73 Million |
|
Ascendas India Trust
PINK:ACNDF
|
$831.45 Million |
|
WG Tech JiangXi Co Ltd
SHG:603773
|
$831.28 Million |
|
The Navigator Company S.A
PINK:POELF
|
$831.25 Million |
|
Companhia Siderúrgica Nacional
MX:SIDN
|
$831.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hexing Electrical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,632,579,097 to 7,121,469,162, a change of 488,890,065 (7.4%).
- Net income of 1,002,037,979 contributed positively to equity growth.
- Dividend payments of 557,224,177 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.00 Billion | +14.07% |
| Dividends Paid | CN¥557.22 Million | -7.82% |
| Other Changes | CN¥44.08 Million | +0.62% |
| Total Change | CN¥- | 7.37% |
Book Value vs Market Value Analysis
This analysis compares Hexing Electrical 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: 2.71x
- 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 26.38x to 2.71x 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¥1.50 | CN¥39.65 | x |
| 2012-12-31 | CN¥2.03 | CN¥39.65 | x |
| 2013-12-31 | CN¥2.87 | CN¥39.65 | x |
| 2014-12-31 | CN¥3.65 | CN¥39.65 | x |
| 2015-12-31 | CN¥4.40 | CN¥39.65 | x |
| 2016-12-31 | CN¥11.17 | CN¥39.65 | x |
| 2017-12-31 | CN¥9.64 | CN¥39.65 | x |
| 2018-12-31 | CN¥10.08 | CN¥39.65 | x |
| 2019-12-31 | CN¥10.69 | CN¥39.65 | x |
| 2020-12-31 | CN¥11.02 | CN¥39.65 | x |
| 2021-12-31 | CN¥11.16 | CN¥39.65 | x |
| 2022-12-31 | CN¥12.25 | CN¥39.65 | x |
| 2023-12-31 | CN¥13.64 | CN¥39.65 | x |
| 2024-12-31 | CN¥14.64 | CN¥39.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hexing Electrical 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): 14.07%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 21.24%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.33x
- Recent ROE (14.07%) is below the historical average (17.60%), 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 | 35.75% | 17.94% | 1.06x | 1.87x | CN¥141.08 Million |
| 2012 | 34.44% | 19.44% | 1.00x | 1.77x | CN¥181.13 Million |
| 2013 | 27.36% | 17.41% | 1.05x | 1.50x | CN¥180.90 Million |
| 2014 | 26.56% | 20.60% | 0.80x | 1.62x | CN¥220.79 Million |
| 2015 | 27.07% | 21.67% | 0.84x | 1.49x | CN¥273.32 Million |
| 2016 | 12.15% | 23.48% | 0.41x | 1.26x | CN¥89.87 Million |
| 2017 | 12.04% | 18.60% | 0.47x | 1.38x | CN¥95.33 Million |
| 2018 | 6.74% | 12.92% | 0.40x | 1.31x | CN¥-159.22 Million |
| 2019 | 9.58% | 16.94% | 0.44x | 1.30x | CN¥-22.03 Million |
| 2020 | 8.94% | 17.15% | 0.40x | 1.31x | CN¥-57.31 Million |
| 2021 | 5.76% | 11.66% | 0.37x | 1.32x | CN¥-231.40 Million |
| 2022 | 11.12% | 20.07% | 0.41x | 1.35x | CN¥67.13 Million |
| 2023 | 14.81% | 23.39% | 0.46x | 1.37x | CN¥319.15 Million |
| 2024 | 14.07% | 21.24% | 0.50x | 1.33x | CN¥289.89 Million |
Industry Comparison
This section compares Hexing Electrical 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 |
|---|---|---|---|---|
| Hexing Electrical Co Ltd (603556) | CN¥7.39 Billion | 35.75% | 0.33x | $831.55 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 |