Sichuan Huati Lighting Tech (603679) - Net Assets
Based on the latest financial reports, Sichuan Huati Lighting Tech (603679) has net assets worth CN¥778.88 Million CNY (≈ $113.98 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¥1.48 Billion ≈ $216.76 Million USD) and total liabilities (CN¥702.39 Million ≈ $102.78 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 Sichuan Huati Lighting Tech asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥778.88 Million |
| % of Total Assets | 52.58% |
| Annual Growth Rate | 16.9% |
| 5-Year Change | 5.51% |
| 10-Year Change | 270.78% |
| Growth Volatility | 25.31 |
Sichuan Huati Lighting Tech - Net Assets Trend (2012–2024)
This chart illustrates how Sichuan Huati Lighting Tech's net assets have evolved over time, based on quarterly financial data. Also explore how large is Sichuan Huati Lighting Tech's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Sichuan Huati Lighting Tech (2012–2024)
The table below shows the annual net assets of Sichuan Huati Lighting Tech from 2012 to 2024. For live valuation and market cap data, see market value of Sichuan Huati Lighting Tech.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥831.09 Million ≈ $121.61 Million |
-8.99% |
| 2023-12-31 | CN¥913.17 Million ≈ $133.63 Million |
+6.56% |
| 2022-12-31 | CN¥856.98 Million ≈ $125.40 Million |
+18.27% |
| 2021-12-31 | CN¥724.62 Million ≈ $106.03 Million |
-8.01% |
| 2020-12-31 | CN¥787.72 Million ≈ $115.27 Million |
+14.36% |
| 2019-12-31 | CN¥688.82 Million ≈ $100.80 Million |
+17.94% |
| 2018-12-31 | CN¥584.06 Million ≈ $85.47 Million |
+12.89% |
| 2017-12-31 | CN¥517.36 Million ≈ $75.71 Million |
+95.53% |
| 2016-12-31 | CN¥264.59 Million ≈ $38.72 Million |
+18.04% |
| 2015-12-31 | CN¥224.15 Million ≈ $32.80 Million |
+17.92% |
| 2014-12-31 | CN¥190.08 Million ≈ $27.81 Million |
+16.06% |
| 2013-12-31 | CN¥163.78 Million ≈ $23.97 Million |
+28.38% |
| 2012-12-31 | CN¥127.58 Million ≈ $18.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sichuan Huati Lighting Tech'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 439.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥191.83 Million | 23.16% |
| Common Stock | CN¥164.58 Million | 19.87% |
| Other Components | CN¥471.77 Million | 56.96% |
| Total Equity | CN¥828.17 Million | 100.00% |
Sichuan Huati Lighting Tech Competitors by Market Cap
The table below lists competitors of Sichuan Huati Lighting Tech ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
West Bancorporation
NASDAQ:WTBA
|
$371.51 Million |
|
Huida Sanitary Ware Co Ltd
SHG:603385
|
$371.54 Million |
|
Alcor Micro
TWO:8054
|
$371.56 Million |
|
Ningbo Heli Mould Technology Co Ltd Class A
SHG:603917
|
$371.66 Million |
|
Jiangsu Hongde Special Parts Co.Ltd.
SHE:301163
|
$371.35 Million |
|
PrimeEnergy Corporation
NASDAQ:PNRG
|
$371.11 Million |
|
Thessaloniki Port Authority SA
AT:OLTH
|
$370.94 Million |
|
Shanghai Kaichuang Marine International Co Ltd
SHG:600097
|
$370.90 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Huati Lighting Tech's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 903,670,583 to 828,172,035, a change of -75,498,548 (-8.4%).
- Net loss of 66,938,935 reduced equity.
- Dividend payments of 33,496,876 reduced retained earnings.
- Other factors increased equity by 24,937,263.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-66.94 Million | -8.08% |
| Dividends Paid | CN¥33.50 Million | -4.04% |
| Other Changes | CN¥24.94 Million | +3.01% |
| Total Change | CN¥- | -8.35% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Huati Lighting Tech'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: 2.99x
- 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 11.56x to 2.99x 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¥1.31 | CN¥15.17 | x |
| 2013-12-31 | CN¥1.55 | CN¥15.17 | x |
| 2014-12-31 | CN¥1.80 | CN¥15.17 | x |
| 2015-12-31 | CN¥2.13 | CN¥15.17 | x |
| 2016-12-31 | CN¥2.52 | CN¥15.17 | x |
| 2017-12-31 | CN¥4.22 | CN¥15.17 | x |
| 2018-12-31 | CN¥4.11 | CN¥15.17 | x |
| 2019-12-31 | CN¥4.71 | CN¥15.17 | x |
| 2020-12-31 | CN¥5.44 | CN¥15.17 | x |
| 2021-12-31 | CN¥5.04 | CN¥15.17 | x |
| 2022-12-31 | CN¥5.16 | CN¥15.17 | x |
| 2023-12-31 | CN¥5.53 | CN¥15.17 | x |
| 2024-12-31 | CN¥5.07 | CN¥15.17 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Huati Lighting Tech 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): -8.08%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -18.23%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.82x
- Recent ROE (-8.08%) is below the historical average (10.05%), 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 | 23.41% | 11.19% | 1.02x | 2.06x | CN¥16.79 Million |
| 2013 | 24.95% | 11.49% | 1.10x | 1.97x | CN¥24.30 Million |
| 2014 | 18.85% | 9.86% | 1.07x | 1.79x | CN¥16.70 Million |
| 2015 | 18.99% | 11.47% | 0.99x | 1.67x | CN¥20.14 Million |
| 2016 | 18.17% | 11.78% | 0.88x | 1.76x | CN¥21.61 Million |
| 2017 | 10.22% | 11.01% | 0.65x | 1.43x | CN¥1.14 Million |
| 2018 | 12.08% | 13.40% | 0.62x | 1.46x | CN¥12.14 Million |
| 2019 | 13.83% | 13.22% | 0.58x | 1.82x | CN¥26.05 Million |
| 2020 | 8.54% | 9.41% | 0.45x | 2.04x | CN¥-11.31 Million |
| 2021 | -7.71% | -9.25% | 0.42x | 2.00x | CN¥-125.42 Million |
| 2022 | -9.21% | -17.88% | 0.30x | 1.73x | CN¥-161.58 Million |
| 2023 | 6.59% | 9.80% | 0.39x | 1.72x | CN¥-30.83 Million |
| 2024 | -8.08% | -18.23% | 0.24x | 1.82x | CN¥-149.76 Million |
Industry Comparison
This section compares Sichuan Huati Lighting Tech's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,542,980,118
- Average return on equity (ROE) among peers: 6.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Huati Lighting Tech (603679) | CN¥778.88 Million | 23.41% | 0.90x | $371.49 Million |
| XJ Electric Co Ltd (000400) | $1.49 Billion | 11.47% | 0.73x | $3.86 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $1.35 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.84 Billion | 10.28% | 0.11x | $1.03 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.27 Billion | 0.84% | 0.19x | $2.58 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.05 Billion | -0.83% | 4.35x | $864.19 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $18.42 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.82 Billion |
| Sieyuan Electric Co Ltd (002028) | $8.60 Billion | 13.93% | 0.62x | $23.55 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.70 Million | 4.41% | 0.38x | $525.19 Million |
| Gotion High tech Co Ltd (002074) | $497.13 Million | 7.34% | 0.88x | $10.24 Billion |
About Sichuan Huati Lighting Tech
Sichuan Huati Lighting Technology Co.,Ltd. engages in the intelligent manufacturing center of street lighting pole. The company provides multifunctional smart light pole, smart lamp pole, edge computing gateway, smart city furniture lightings. The company was founded in 2004 and is headquartered in Shuangliu, China.