Haitian Water Group Co.Ltd
Haitian Water Group Co.,Ltd. provides water and environmental protection services in China. It engages in the installation of water supply facilities and supply of tap water to users in government-franchised water supply area; sewage treatment; waste incineration power generation; supply of direct drinking water services; and engineering construction, including renovation and expansion projects, … Read more
Haitian Water Group Co.Ltd (603759) - Net Assets
Latest net assets as of September 2025: CN¥3.10 Billion CNY
Based on the latest financial reports, Haitian Water Group Co.Ltd (603759) has net assets worth CN¥3.10 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.94 Billion) and total liabilities (CN¥5.84 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.10 Billion |
| % of Total Assets | 34.69% |
| Annual Growth Rate | 17.34% |
| 5-Year Change | 114.91% |
| 10-Year Change | N/A |
| Growth Volatility | 19.38 |
Haitian Water Group Co.Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Haitian Water Group Co.Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Haitian Water Group Co.Ltd (2016–2024)
The table below shows the annual net assets of Haitian Water Group Co.Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.98 Billion | +7.97% |
| 2023-12-31 | CN¥2.76 Billion | +14.22% |
| 2022-12-31 | CN¥2.42 Billion | +3.30% |
| 2021-12-31 | CN¥2.34 Billion | +68.70% |
| 2020-12-31 | CN¥1.39 Billion | +15.54% |
| 2019-12-31 | CN¥1.20 Billion | +16.81% |
| 2018-12-31 | CN¥1.03 Billion | +13.53% |
| 2017-12-31 | CN¥905.13 Million | +9.15% |
| 2016-12-31 | CN¥829.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Haitian Water Group 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 686.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.29 Billion | 47.01% |
| Common Stock | CN¥461.76 Million | 16.83% |
| Other Comprehensive Income | CN¥111.39 Million | 4.06% |
| Other Components | CN¥880.43 Million | 32.09% |
| Total Equity | CN¥2.74 Billion | 100.00% |
Haitian Water Group Co.Ltd Competitors by Market Cap
The table below lists competitors of Haitian Water Group Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tasmea Ltd
AU:TEA
|
$225.02 Million |
|
Chicago Atlantic Real Estate Finance Inc
NASDAQ:REFI
|
$225.12 Million |
|
Haymaker Acquisition Corp. 4
NYSE:HYAC
|
$225.14 Million |
|
Hangzhou Chinastars Reflective Material Co.Ltd.
SHE:301077
|
$225.19 Million |
|
MARUDAI FOOD
F:MFL1
|
$224.99 Million |
|
Hutchison Telecommunications Hong Kong Holdings Limited
F:4C6
|
$224.90 Million |
|
Larimar Therapeutics Inc
NASDAQ:LRMR
|
$224.89 Million |
|
Lungteh Shipbldg Co Ltd
TW:6753
|
$224.84 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Haitian Water Group Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,563,190,551 to 2,743,337,945, a change of 180,147,394 (7.0%).
- Net income of 304,822,594 contributed positively to equity growth.
- Dividend payments of 222,572,084 reduced retained earnings.
- Other comprehensive income increased equity by 111,386,066.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥304.82 Million | +11.11% |
| Dividends Paid | CN¥222.57 Million | -8.11% |
| Other Comprehensive Income | CN¥111.39 Million | +4.06% |
| Other Changes | CN¥-13.49 Million | -0.49% |
| Total Change | CN¥- | 7.03% |
Book Value vs Market Value Analysis
This analysis compares Haitian Water Group 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: 1.74x
- 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 4.77x to 1.74x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥2.17 | CN¥10.34 | x |
| 2017-12-31 | CN¥2.38 | CN¥10.34 | x |
| 2018-12-31 | CN¥2.71 | CN¥10.34 | x |
| 2019-12-31 | CN¥2.37 | CN¥10.34 | x |
| 2020-12-31 | CN¥3.67 | CN¥10.34 | x |
| 2021-12-31 | CN¥4.77 | CN¥10.34 | x |
| 2022-12-31 | CN¥5.09 | CN¥10.34 | x |
| 2023-12-31 | CN¥5.51 | CN¥10.34 | x |
| 2024-12-31 | CN¥5.94 | CN¥10.34 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Haitian Water Group 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): 11.11%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.07%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 2.41x
- Recent ROE (11.11%) is above the historical average (10.54%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 5.79% | 9.61% | 0.17x | 3.52x | CN¥-31.44 Million |
| 2017 | 9.07% | 12.15% | 0.23x | 3.30x | CN¥-7.63 Million |
| 2018 | 12.74% | 18.92% | 0.22x | 3.13x | CN¥25.75 Million |
| 2019 | 14.16% | 22.77% | 0.20x | 3.09x | CN¥45.56 Million |
| 2020 | 13.76% | 20.56% | 0.19x | 3.46x | CN¥47.76 Million |
| 2021 | 9.70% | 19.73% | 0.20x | 2.43x | CN¥-6.59 Million |
| 2022 | 9.06% | 17.96% | 0.20x | 2.47x | CN¥-22.03 Million |
| 2023 | 9.44% | 18.95% | 0.20x | 2.44x | CN¥-14.34 Million |
| 2024 | 11.11% | 20.07% | 0.23x | 2.41x | CN¥30.49 Million |
Industry Comparison
This section compares Haitian Water Group Co.Ltd's net assets metrics with peer companies in the Utilities - Regulated Water industry.
Industry Context
- Industry: Utilities - Regulated Water
- Average net assets among peers: $3,359,023,908
- Average return on equity (ROE) among peers: 7.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Haitian Water Group Co.Ltd (603759) | CN¥3.10 Billion | 5.79% | 1.88x | $225.00 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $11.99 Billion | 9.01% | 1.11x | $1.21 Billion |
| Bohai Water Industry Co Ltd (000605) | $164.13 Million | 2.53% | 1.04x | $171.74 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $11.04 Billion | 13.53% | 0.25x | $1.16 Billion |
| Guangdong Shunkong Development Co Ltd (003039) | $1.68 Billion | 11.76% | 1.49x | $276.18 Million |
| Gansu Dayu Water saving Group (300021) | $2.33 Billion | 3.48% | 3.01x | $349.89 Million |
| Beijing Water Business Doctor (300055) | $1.60 Billion | 3.85% | 0.13x | $355.06 Million |
| BGT Group Co. Ltd. (300774) | $1.52 Billion | 2.16% | 0.65x | $371.81 Million |
| Hynar Water Group Co. Ltd. (300961) | $695.55 Million | 13.29% | 1.35x | $339.95 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $942.31 Million | 11.26% | 0.90x | $202.63 Million |
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | $1.63 Billion | 3.60% | 0.65x | $316.91 Million |