Hefei Taihe Optoelectronic (603656) - Net Assets
Based on the latest financial reports, Hefei Taihe Optoelectronic (603656) has net assets worth CN¥1.32 Billion CNY (≈ $193.33 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¥2.11 Billion ≈ $309.19 Million USD) and total liabilities (CN¥791.75 Million ≈ $115.86 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 financial resilience of Hefei Taihe Optoelectronic to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.32 Billion |
| % of Total Assets | 62.53% |
| Annual Growth Rate | 20.43% |
| 5-Year Change | 33.55% |
| 10-Year Change | 312.12% |
| Growth Volatility | 30.74 |
Hefei Taihe Optoelectronic - Net Assets Trend (2012–2024)
This chart illustrates how Hefei Taihe Optoelectronic's net assets have evolved over time, based on quarterly financial data. Also explore Hefei Taihe Optoelectronic total assets for the complete picture of this company's asset base.
Annual Net Assets for Hefei Taihe Optoelectronic (2012–2024)
The table below shows the annual net assets of Hefei Taihe Optoelectronic from 2012 to 2024. For live valuation and market cap data, see Hefei Taihe Optoelectronic stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.29 Billion ≈ $188.92 Million |
-1.93% |
| 2023-12-31 | CN¥1.32 Billion ≈ $192.64 Million |
+34.43% |
| 2022-12-31 | CN¥979.31 Million ≈ $143.30 Million |
-1.75% |
| 2021-12-31 | CN¥996.72 Million ≈ $145.85 Million |
+3.11% |
| 2020-12-31 | CN¥966.67 Million ≈ $141.45 Million |
+3.04% |
| 2019-12-31 | CN¥938.16 Million ≈ $137.28 Million |
+5.59% |
| 2018-12-31 | CN¥888.47 Million ≈ $130.01 Million |
+7.34% |
| 2017-12-31 | CN¥827.70 Million ≈ $121.12 Million |
+114.56% |
| 2016-12-31 | CN¥385.76 Million ≈ $56.45 Million |
+23.14% |
| 2015-12-31 | CN¥313.27 Million ≈ $45.84 Million |
+25.70% |
| 2014-12-31 | CN¥249.22 Million ≈ $36.47 Million |
+33.16% |
| 2013-12-31 | CN¥187.16 Million ≈ $27.39 Million |
+34.96% |
| 2012-12-31 | CN¥138.68 Million ≈ $20.29 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hefei Taihe Optoelectronic'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 1298.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥433.64 Million | 33.65% |
| Common Stock | CN¥183.38 Million | 14.23% |
| Other Components | CN¥671.75 Million | 52.12% |
| Total Equity | CN¥1.29 Billion | 100.00% |
Hefei Taihe Optoelectronic Competitors by Market Cap
The table below lists competitors of Hefei Taihe Optoelectronic ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wuhan DDMC Culture Co Ltd
SHG:600136
|
$534.56 Million |
|
Tianjin Pengling Rubber Hose Co Ltd
SHE:300375
|
$534.75 Million |
|
Lanzhou Minbai Shareholding Group Co Ltd
SHG:600738
|
$534.75 Million |
|
Ardmore Shipping Corporation
F:A61
|
$534.92 Million |
|
Surfilter Network Technology Co Ltd
SHE:300311
|
$534.27 Million |
|
Ur Energy Inc
NYSE MKT:URG
|
$534.22 Million |
|
Ennis Inc
NYSE:EBF
|
$534.19 Million |
|
Beijing Leadman Biochemistry Co Ltd
SHE:300289
|
$534.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hefei Taihe Optoelectronic's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,311,586,355 to 1,288,759,889, a change of -22,826,466 (-1.7%).
- Net income of 21,469,611 contributed positively to equity growth.
- Dividend payments of 8,910,679 reduced retained earnings.
- Share repurchases of 40,010,934 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥21.47 Million | +1.67% |
| Dividends Paid | CN¥8.91 Million | -0.69% |
| Share Repurchases | CN¥40.01 Million | -3.1% |
| Other Changes | CN¥4.63 Million | +0.36% |
| Total Change | CN¥- | -1.74% |
Book Value vs Market Value Analysis
This analysis compares Hefei Taihe Optoelectronic'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: 2.76x
- 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 14.98x to 2.76x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥1.33 | CN¥19.96 | x |
| 2013-12-31 | CN¥1.68 | CN¥19.96 | x |
| 2014-12-31 | CN¥2.24 | CN¥19.96 | x |
| 2015-12-31 | CN¥2.81 | CN¥19.96 | x |
| 2016-12-31 | CN¥3.46 | CN¥19.96 | x |
| 2017-12-31 | CN¥5.96 | CN¥19.96 | x |
| 2018-12-31 | CN¥5.90 | CN¥19.96 | x |
| 2019-12-31 | CN¥6.25 | CN¥19.96 | x |
| 2020-12-31 | CN¥6.47 | CN¥19.96 | x |
| 2021-12-31 | CN¥6.48 | CN¥19.96 | x |
| 2022-12-31 | CN¥6.52 | CN¥19.96 | x |
| 2023-12-31 | CN¥6.96 | CN¥19.96 | x |
| 2024-12-31 | CN¥7.24 | CN¥19.96 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hefei Taihe Optoelectronic 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): 1.67%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.81%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 1.26x
- Recent ROE (1.67%) is below the historical average (13.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 28.72% | 28.09% | 0.79x | 1.29x | CN¥25.96 Million |
| 2013 | 31.60% | 28.15% | 0.85x | 1.32x | CN¥40.43 Million |
| 2014 | 29.17% | 26.63% | 0.86x | 1.27x | CN¥47.78 Million |
| 2015 | 23.98% | 24.22% | 0.76x | 1.30x | CN¥43.80 Million |
| 2016 | 21.69% | 22.57% | 0.74x | 1.30x | CN¥45.08 Million |
| 2017 | 10.57% | 22.71% | 0.41x | 1.14x | CN¥4.69 Million |
| 2018 | 9.15% | 19.82% | 0.40x | 1.14x | CN¥-7.51 Million |
| 2019 | 6.71% | 16.21% | 0.36x | 1.13x | CN¥-30.63 Million |
| 2020 | 4.51% | 9.15% | 0.40x | 1.24x | CN¥-52.96 Million |
| 2021 | 3.86% | 7.41% | 0.41x | 1.26x | CN¥-61.10 Million |
| 2022 | 2.20% | 4.50% | 0.36x | 1.35x | CN¥-76.38 Million |
| 2023 | 0.86% | 2.22% | 0.31x | 1.24x | CN¥-119.85 Million |
| 2024 | 1.67% | 3.81% | 0.35x | 1.26x | CN¥-107.41 Million |
Industry Comparison
This section compares Hefei Taihe Optoelectronic's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hefei Taihe Optoelectronic (603656) | CN¥1.32 Billion | 28.72% | 0.60x | $534.34 Million |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About Hefei Taihe Optoelectronic
Hefei Taihe Intelligent Technology Group Co.,Ltd. engages in the production and sales of intelligent detection and sorting equipment, industrial robots and automation equipment, intelligent packaging equipment, and related accessories. Its products include rice color sorter, grain color sorter, nuts color sorter, nuts grading machine, x-ray sorting machine, plastic color sorter, tea color sorter,… Read more