Fujian Huoju Electronic (603678) - Net Assets
Based on the latest financial reports, Fujian Huoju Electronic (603678) has net assets worth CN¥6.37 Billion CNY (≈ $932.19 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¥8.47 Billion ≈ $1.24 Billion USD) and total liabilities (CN¥2.10 Billion ≈ $307.18 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 603678 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.37 Billion |
| % of Total Assets | 75.21% |
| Annual Growth Rate | 25.28% |
| 5-Year Change | 42.09% |
| 10-Year Change | 402.75% |
| Growth Volatility | 30.31 |
Fujian Huoju Electronic - Net Assets Trend (2011–2024)
This chart illustrates how Fujian Huoju Electronic's net assets have evolved over time, based on quarterly financial data. Also explore Fujian Huoju Electronic balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Fujian Huoju Electronic (2011–2024)
The table below shows the annual net assets of Fujian Huoju Electronic from 2011 to 2024. For live valuation and market cap data, see market cap of Fujian Huoju Electronic.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.72 Billion ≈ $836.60 Million |
+0.86% |
| 2023-12-31 | CN¥5.67 Billion ≈ $829.46 Million |
+3.71% |
| 2022-12-31 | CN¥5.47 Billion ≈ $799.76 Million |
+13.35% |
| 2021-12-31 | CN¥4.82 Billion ≈ $705.57 Million |
+19.84% |
| 2020-12-31 | CN¥4.02 Billion ≈ $588.77 Million |
+26.49% |
| 2019-12-31 | CN¥3.18 Billion ≈ $465.47 Million |
+12.43% |
| 2018-12-31 | CN¥2.83 Billion ≈ $414.02 Million |
+10.78% |
| 2017-12-31 | CN¥2.55 Billion ≈ $373.72 Million |
+8.17% |
| 2016-12-31 | CN¥2.36 Billion ≈ $345.48 Million |
+107.61% |
| 2015-12-31 | CN¥1.14 Billion ≈ $166.40 Million |
+81.98% |
| 2014-12-31 | CN¥624.89 Million ≈ $91.44 Million |
+21.74% |
| 2013-12-31 | CN¥513.29 Million ≈ $75.11 Million |
+22.71% |
| 2012-12-31 | CN¥418.30 Million ≈ $61.21 Million |
+37.09% |
| 2011-12-31 | CN¥305.13 Million ≈ $44.65 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Fujian Huoju Electronic'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 1961.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.39 Billion | 61.74% |
| Common Stock | CN¥458.34 Million | 8.35% |
| Other Components | CN¥1.64 Billion | 29.91% |
| Total Equity | CN¥5.49 Billion | 100.00% |
Fujian Huoju Electronic Competitors by Market Cap
The table below lists competitors of Fujian Huoju Electronic ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sunway Construction Group Bhd
KLSE:5263
|
$2.33 Billion |
|
Jiangsu Guotai International Group Guomao Co Ltd
SHE:002091
|
$2.33 Billion |
|
Shenzhen Everbest Machinery Indus
SHE:002980
|
$2.33 Billion |
|
China-Singapore Suzhou Industrial Park Development Group Co Ltd
SHG:601512
|
$2.33 Billion |
|
Tiger Brands Ltd
JSE:TBS
|
$2.33 Billion |
|
National Energy Services Reunited Corp Ordinary Shares
NASDAQ:NESR
|
$2.33 Billion |
|
Zhongrun Resources Investment
SHE:000506
|
$2.33 Billion |
|
TransMedics Group Inc
NASDAQ:TMDX
|
$2.33 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fujian Huoju Electronic's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,415,731,622 to 5,486,132,148, a change of 70,400,526 (1.3%).
- Net income of 194,518,917 contributed positively to equity growth.
- Dividend payments of 133,232,557 reduced retained earnings.
- Share repurchases of 25,002,283 reduced equity.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥194.52 Million | +3.55% |
| Dividends Paid | CN¥133.23 Million | -2.43% |
| Share Repurchases | CN¥25.00 Million | -0.46% |
| Other Changes | CN¥34.12 Million | +0.62% |
| Total Change | CN¥- | 1.30% |
Book Value vs Market Value Analysis
This analysis compares Fujian Huoju Electronic'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 34.44x 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 |
|---|---|---|---|
| 2011-12-31 | CN¥0.97 | CN¥33.48 | x |
| 2012-12-31 | CN¥1.35 | CN¥33.48 | x |
| 2013-12-31 | CN¥1.65 | CN¥33.48 | x |
| 2014-12-31 | CN¥2.01 | CN¥33.48 | x |
| 2015-12-31 | CN¥2.79 | CN¥33.48 | x |
| 2016-12-31 | CN¥5.41 | CN¥33.48 | x |
| 2017-12-31 | CN¥5.54 | CN¥33.48 | x |
| 2018-12-31 | CN¥6.17 | CN¥33.48 | x |
| 2019-12-31 | CN¥6.90 | CN¥33.48 | x |
| 2020-12-31 | CN¥8.45 | CN¥33.48 | x |
| 2021-12-31 | CN¥9.88 | CN¥33.48 | x |
| 2022-12-31 | CN¥11.14 | CN¥33.48 | x |
| 2023-12-31 | CN¥11.74 | CN¥33.48 | x |
| 2024-12-31 | CN¥12.13 | CN¥33.48 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fujian Huoju Electronic 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): 3.55%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.94%
- • Asset Turnover: 0.36x
- • Equity Multiplier: 1.40x
- Recent ROE (3.55%) is below the historical average (15.68%), 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 | 30.86% | 17.03% | 1.01x | 1.79x | CN¥63.64 Million |
| 2012 | 27.06% | 15.95% | 0.93x | 1.82x | CN¥71.35 Million |
| 2013 | 23.55% | 15.03% | 0.99x | 1.59x | CN¥69.57 Million |
| 2014 | 21.92% | 15.39% | 0.89x | 1.59x | CN¥74.59 Million |
| 2015 | 13.48% | 14.16% | 0.66x | 1.45x | CN¥39.67 Million |
| 2016 | 8.32% | 12.88% | 0.51x | 1.26x | CN¥-38.96 Million |
| 2017 | 9.38% | 12.54% | 0.57x | 1.31x | CN¥-15.60 Million |
| 2018 | 11.99% | 16.46% | 0.54x | 1.35x | CN¥55.33 Million |
| 2019 | 12.25% | 14.85% | 0.58x | 1.42x | CN¥70.14 Million |
| 2020 | 15.63% | 16.67% | 0.62x | 1.52x | CN¥219.46 Million |
| 2021 | 20.44% | 20.19% | 0.68x | 1.48x | CN¥488.18 Million |
| 2022 | 15.18% | 22.52% | 0.47x | 1.43x | CN¥273.32 Million |
| 2023 | 5.88% | 9.09% | 0.44x | 1.46x | CN¥-223.19 Million |
| 2024 | 3.55% | 6.94% | 0.36x | 1.40x | CN¥-354.09 Million |
Industry Comparison
This section compares Fujian Huoju Electronic's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $22,207,061,921
- Average return on equity (ROE) among peers: 2.90%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fujian Huoju Electronic (603678) | CN¥6.37 Billion | 30.86% | 0.33x | $2.33 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $412.50 Million | -16.79% | 0.29x | $382.28 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $217.50 Million | 13.85% | 1.05x | $1.61 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $936.36 Million | -14.92% | 2.68x | $484.64 Million |
| CPT Technology Group Co Ltd (000536) | $5.57 Billion | 10.98% | 1.18x | $1.67 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $2.08 Billion | 2.04% | 0.58x | $4.38 Billion |
| Xiamen Xindeco Ltd (000701) | $796.35 Million | 5.67% | 2.04x | $608.18 Million |
| BOE Technology Group Co Ltd (000725) | $204.55 Billion | 2.60% | 1.10x | $22.18 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $5.38 Billion | 5.53% | 0.63x | $3.62 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $884.58 Million | 12.98% | 0.75x | $2.19 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.25 Billion | 7.05% | 0.10x | $5.04 Billion |
About Fujian Huoju Electronic
Fujian Torch Electron Technology Co., Ltd. engages in the research, development, production, sale, and servicing of ceramic capacitors in China and internationally. The company offers chip multilayer, coated leaded multilayer, and molded surface mount ceramic capacitors; and chip polymer solid electrolyte tantalum and high performance carbon-based electric double layer capacitors. It also provide… Read more