Hexing Electrical Co Ltd (603556) - Net Assets
Based on the latest financial reports, Hexing Electrical Co Ltd (603556) has net assets worth CN¥7.48 Billion CNY (≈ $1.09 Billion 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¥9.96 Billion ≈ $1.46 Billion USD) and total liabilities (CN¥2.48 Billion ≈ $362.85 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 Hexing Electrical Co Ltd PP&E and investment ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.48 Billion |
| % of Total Assets | 75.1% |
| Annual Growth Rate | 20.39% |
| 5-Year Change | 35.62% |
| 10-Year Change | 76.89% |
| Growth Volatility | 39.75 |
Hexing Electrical Co Ltd - Net Assets Trend (2011–2025)
This chart illustrates how Hexing Electrical Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Hexing Electrical Co Ltd worth.
Annual Net Assets for Hexing Electrical Co Ltd (2011–2025)
The table below shows the annual net assets of Hexing Electrical Co Ltd from 2011 to 2025. Also explore 603556 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.40 Billion ≈ $1.08 Billion |
+3.64% |
| 2024-12-31 | CN¥7.14 Billion ≈ $1.04 Billion |
+7.64% |
| 2023-12-31 | CN¥6.63 Billion ≈ $970.50 Million |
+11.00% |
| 2022-12-31 | CN¥5.98 Billion ≈ $874.34 Million |
+9.52% |
| 2021-12-31 | CN¥5.46 Billion ≈ $798.35 Million |
+1.16% |
| 2020-12-31 | CN¥5.39 Billion ≈ $789.23 Million |
+3.05% |
| 2019-12-31 | CN¥5.23 Billion ≈ $765.83 Million |
+6.84% |
| 2018-12-31 | CN¥4.90 Billion ≈ $716.82 Million |
+4.62% |
| 2017-12-31 | CN¥4.68 Billion ≈ $685.18 Million |
+11.94% |
| 2016-12-31 | CN¥4.18 Billion ≈ $612.08 Million |
+161.28% |
| 2015-12-31 | CN¥1.60 Billion ≈ $234.26 Million |
+19.33% |
| 2014-12-31 | CN¥1.34 Billion ≈ $196.31 Million |
+28.20% |
| 2013-12-31 | CN¥1.05 Billion ≈ $153.13 Million |
+40.27% |
| 2012-12-31 | CN¥746.00 Million ≈ $109.16 Million |
+35.55% |
| 2011-12-31 | CN¥550.35 Million ≈ $80.53 Million |
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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 2817.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.42 Billion | 59.91% |
| Other Components | CN¥2.96 Billion | 40.09% |
| Total Equity | CN¥7.38 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 |
|---|---|
|
Merchants Bancorp
NASDAQ:MBIN
|
$1.64 Billion |
|
Astra Microwave Products Limited
NSE:ASTRAMICRO
|
$1.64 Billion |
|
Gujarat State Petronet Limited
NSE:GSPL
|
$1.64 Billion |
|
Global Partners LP
NYSE:GLP
|
$1.64 Billion |
|
Visual China Group Co Ltd
SHE:000681
|
$1.64 Billion |
|
Alphatec Holdings Inc
NASDAQ:ATEC
|
$1.63 Billion |
|
Qingdao Doublestar Co Ltd
SHE:000599
|
$1.63 Billion |
|
Guizhou Panjiang Refined Coal Co Ltd
SHG:600395
|
$1.63 Billion |
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 2024 to 2025, total equity changed from 7,121,469,162 to 7,377,169,982, a change of 255,700,820 (3.6%).
- Net income of 729,096,299 contributed positively to equity growth.
- Dividend payments of 346,309,672 reduced retained earnings.
- Other factors decreased equity by 127,085,807.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥729.10 Million | +9.88% |
| Dividends Paid | CN¥346.31 Million | -4.69% |
| Other Changes | CN¥-127.09 Million | -1.72% |
| Total Change | CN¥- | 3.59% |
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: 1.51x
- 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 15.29x to 1.51x 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¥22.98 | x |
| 2012-12-31 | CN¥2.03 | CN¥22.98 | x |
| 2013-12-31 | CN¥2.87 | CN¥22.98 | x |
| 2014-12-31 | CN¥3.65 | CN¥22.98 | x |
| 2015-12-31 | CN¥4.40 | CN¥22.98 | x |
| 2016-12-31 | CN¥11.46 | CN¥22.98 | x |
| 2017-12-31 | CN¥9.62 | CN¥22.98 | x |
| 2018-12-31 | CN¥10.03 | CN¥22.98 | x |
| 2019-12-31 | CN¥10.78 | CN¥22.98 | x |
| 2020-12-31 | CN¥11.02 | CN¥22.98 | x |
| 2021-12-31 | CN¥11.16 | CN¥22.98 | x |
| 2022-12-31 | CN¥12.23 | CN¥22.98 | x |
| 2023-12-31 | CN¥13.64 | CN¥22.98 | x |
| 2024-12-31 | CN¥14.64 | CN¥22.98 | x |
| 2025-12-31 | CN¥15.17 | CN¥22.98 | 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): 9.88%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.29%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 1.35x
- Recent ROE (9.88%) is below the historical average (17.08%), 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 |
| 2025 | 9.88% | 15.29% | 0.48x | 1.35x | CN¥-8.62 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: $1,769,759,663
- Average return on equity (ROE) among peers: 10.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hexing Electrical Co Ltd (603556) | CN¥7.48 Billion | 35.75% | 0.33x | $1.64 Billion |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.14x | $3.04 Billion |
| Guangdong Macro Co Ltd (000533) | $1.47 Billion | 1.58% | 1.51x | $1.12 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $6.28 Billion | 4.77% | 0.55x | $869.03 Million |
| Dongfang Electronics Co Ltd (000682) | $411.24 Million | 32.62% | 0.36x | $2.10 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $692.15 Million | 13.19% | 0.78x | $696.87 Million |
| Huagong Tech Co Ltd (000988) | $1.72 Billion | 8.73% | 0.73x | $14.74 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $1.30 Billion |
| Sieyuan Electric Co Ltd (002028) | $3.03 Billion | 8.19% | 0.43x | $15.88 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $165.38 Million | 6.52% | 0.32x | $349.71 Million |
| Gotion High tech Co Ltd (002074) | $105.54 Million | 20.87% | 1.30x | $6.75 Billion |
About Hexing Electrical Co Ltd
Hexing Electrical Co.,Ltd. engages in smart power distribution, smart water management, and digital energy-related businesses in China and internationally. The company offers smart metering, data acquisition and communication, power distribution equipment, new energy, software and platforms, water treatment, and marine propulsion products. It also provides smart energy metering, energy management… Read more