Hexing Electrical Co Ltd (603556) - Net Assets

Latest as of March 2026: CN¥7.48 Billion CNY ≈ $1.09 Billion USD

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. Also explore Hexing Electrical Co Ltd asset portfolio for the complete picture of this company's asset base.

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. Check 603556 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

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. For live valuation and market cap data, see how much is Hexing Electrical Co Ltd worth.

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	--

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
Enviri Corporation NYSE:NVRI	$1.59 Billion
Adecoagro S.A F:ACD	$1.59 Billion
Tongyu Heavy Industry SHE:300185	$1.59 Billion
Peugeot Invest SA PA:PEUG	$1.60 Billion
Israel Canada TA:ISCN	$1.59 Billion
Golden Ocean Group Ltd NASDAQ:GOGL	$1.59 Billion
Baoding Lucky Innovative Materials Co Ltd SHE:300446	$1.59 Billion
Reinsurance Group of America Inc NYSE:RZB	$1.59 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: 1.48x
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 14.89x to 1.48x 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¥22.38	x
2012-12-31	CN¥2.03	CN¥22.38	x
2013-12-31	CN¥2.87	CN¥22.38	x
2014-12-31	CN¥3.65	CN¥22.38	x
2015-12-31	CN¥4.40	CN¥22.38	x
2016-12-31	CN¥11.46	CN¥22.38	x
2017-12-31	CN¥9.62	CN¥22.38	x
2018-12-31	CN¥10.03	CN¥22.38	x
2019-12-31	CN¥10.78	CN¥22.38	x
2020-12-31	CN¥11.02	CN¥22.38	x
2021-12-31	CN¥11.16	CN¥22.38	x
2022-12-31	CN¥12.23	CN¥22.38	x
2023-12-31	CN¥13.64	CN¥22.38	x
2024-12-31	CN¥14.64	CN¥22.38	x
2025-12-31	CN¥15.17	CN¥22.38	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: $1,514,542,203
Average return on equity (ROE) among peers: 11.29%

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	$1.59 Billion
XJ Electric Co Ltd (000400)	$1.86 Billion	9.08%	0.66x	$3.31 Billion
Guangdong Macro Co Ltd (000533)	$868.77 Million	22.25%	1.96x	$965.39 Million
Foshan Electrical and Lighting Co Ltd (000541)	$3.00 Billion	13.36%	0.15x	$865.42 Million
Dongfang Electronics Co Ltd (000682)	$4.21 Billion	8.27%	0.92x	$2.29 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.26 Billion	6.39%	3.26x	$593.90 Million
Huagong Tech Co Ltd (000988)	$586.33 Million	8.56%	0.35x	$15.92 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$476.40 Million	11.31%	1.40x	$1.26 Billion
Sieyuan Electric Co Ltd (002028)	$2.25 Billion	15.36%	0.34x	$18.63 Billion
Shanghai Welltech Automation Co Ltd (002058)	$102.42 Million	12.86%	0.78x	$314.87 Million
Gotion High tech Co Ltd (002074)	$532.31 Million	5.47%	1.38x	$7.13 Billion

About Hexing Electrical Co Ltd

SHG:603556 China Electrical Equipment & Parts

Market Cap

$1.59 Billion

CN¥10.88 Billion CNY

Market Cap Rank

#6847 Global

#1362 in China

Share Price

CN¥22.38

Change (1 day)

-4.40%

52-Week Range

CN¥20.82 - CN¥42.76

All Time High

CN¥53.60