Hexing Electrical Co Ltd (603556) - Net Assets

Latest as of September 2025: CN¥7.39 Billion CNY ≈ $1.08 Billion USD

Based on the latest financial reports, Hexing Electrical Co Ltd (603556) has net assets worth CN¥7.39 Billion CNY (≈ $1.08 Billion 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¥9.82 Billion ≈ $1.44 Billion USD) and total liabilities (CN¥2.42 Billion ≈ $354.60 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 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore how large is Hexing Electrical Co Ltd's balance sheet for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of Hexing Electrical Co Ltd.

Year	Net Assets	Change
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 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
Extreme Networks Inc NASDAQ:EXTR	$2.07 Billion
Viet Nam International Commercial Joint Stock Bank VN:VIB	$2.08 Billion
Americas Silver Corp TO:USA	$2.08 Billion
Gränges AB (publ) ST:GRNG	$2.08 Billion
Jiugui Liquor Co Ltd SHE:000799	$2.07 Billion
Grupo Mateus S.A SA:GMAT3	$2.07 Billion
COMFORTDELGRO UNSP.ADR/20 F:VZ10	$2.07 Billion
Aerospace Nanhu Electronic Information Technology Co. Ltd. A SHG:688552	$2.07 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 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: 1.99x
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 19.38x to 1.99x 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¥29.13	x
2012-12-31	CN¥2.03	CN¥29.13	x
2013-12-31	CN¥2.87	CN¥29.13	x
2014-12-31	CN¥3.65	CN¥29.13	x
2015-12-31	CN¥4.40	CN¥29.13	x
2016-12-31	CN¥11.17	CN¥29.13	x
2017-12-31	CN¥9.64	CN¥29.13	x
2018-12-31	CN¥10.08	CN¥29.13	x
2019-12-31	CN¥10.69	CN¥29.13	x
2020-12-31	CN¥11.02	CN¥29.13	x
2021-12-31	CN¥11.16	CN¥29.13	x
2022-12-31	CN¥12.25	CN¥29.13	x
2023-12-31	CN¥13.64	CN¥29.13	x
2024-12-31	CN¥14.64	CN¥29.13	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: $3,171,276,811
Average return on equity (ROE) among peers: 9.04%

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	$2.07 Billion
XJ Electric Co Ltd (000400)	$12.38 Billion	9.02%	1.04x	$3.94 Billion
Guangdong Macro Co Ltd (000533)	$458.00 Million	10.69%	4.94x	$1.36 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$5.06 Billion	1.06%	0.20x	$1.04 Billion
Dongfang Electronics Co Ltd (000682)	$1.31 Billion	1.12%	0.18x	$2.64 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$252.43 Million	22.90%	1.38x	$1.05 Billion
Huagong Tech Co Ltd (000988)	$96.48 Million	19.13%	0.23x	$20.11 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.54 Billion	5.61%	1.58x	$1.92 Billion
Sieyuan Electric Co Ltd (002028)	$1.88 Billion	14.48%	0.53x	$22.64 Billion
Shanghai Welltech Automation Co Ltd (002058)	$180.55 Million	-0.36%	0.21x	$555.84 Million
Gotion High tech Co Ltd (002074)	$8.55 Billion	6.79%	1.41x	$9.88 Billion

About Hexing Electrical Co Ltd

SHG:603556 China Electrical Equipment & Parts

Market Cap

$2.07 Billion

CN¥14.16 Billion CNY

Market Cap Rank

#6206 Global

#1385 in China

Share Price

CN¥29.13

Change (1 day)

-1.75%

52-Week Range

CN¥24.81 - CN¥42.76

All Time High

CN¥53.60