Chengdu Haoneng Tech Co Ltd (603809) - Net Assets
Based on the latest financial reports, Chengdu Haoneng Tech Co Ltd (603809) has net assets worth CN¥3.66 Billion CNY (≈ $535.07 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¥6.84 Billion ≈ $1.00 Billion USD) and total liabilities (CN¥3.18 Billion ≈ $465.24 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. Explore Chengdu Haoneng Tech Co Ltd cash conversion from operations to assess how effectively this company generates cash.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.66 Billion |
| % of Total Assets | 53.49% |
| Annual Growth Rate | 17.27% |
| 5-Year Change | 58.4% |
| 10-Year Change | 338.47% |
| Growth Volatility | 21.73 |
Chengdu Haoneng Tech Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Chengdu Haoneng Tech Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603809 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Chengdu Haoneng Tech Co Ltd (2012–2024)
The table below shows the annual net assets of Chengdu Haoneng Tech Co Ltd from 2012 to 2024. For live valuation and market cap data, see Chengdu Haoneng Tech Co Ltd (603809) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.03 Billion ≈ $442.96 Million |
+34.82% |
| 2023-12-31 | CN¥2.25 Billion ≈ $328.55 Million |
+6.30% |
| 2022-12-31 | CN¥2.11 Billion ≈ $309.06 Million |
+5.80% |
| 2021-12-31 | CN¥2.00 Billion ≈ $292.13 Million |
+4.46% |
| 2020-12-31 | CN¥1.91 Billion ≈ $279.65 Million |
+11.57% |
| 2019-12-31 | CN¥1.71 Billion ≈ $250.66 Million |
+3.16% |
| 2018-12-31 | CN¥1.66 Billion ≈ $242.97 Million |
+6.17% |
| 2017-12-31 | CN¥1.56 Billion ≈ $228.86 Million |
+82.62% |
| 2016-12-31 | CN¥856.40 Million ≈ $125.32 Million |
+24.05% |
| 2015-12-31 | CN¥690.38 Million ≈ $101.02 Million |
+19.57% |
| 2014-12-31 | CN¥577.40 Million ≈ $84.49 Million |
+26.03% |
| 2013-12-31 | CN¥458.16 Million ≈ $67.04 Million |
+2.38% |
| 2012-12-31 | CN¥447.53 Million ≈ $65.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Chengdu Haoneng Tech 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 442.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.61 Billion | 53.07% |
| Common Stock | CN¥641.20 Million | 21.20% |
| Other Comprehensive Income | CN¥241.34 Million | 7.98% |
| Other Components | CN¥536.69 Million | 17.75% |
| Total Equity | CN¥3.02 Billion | 100.00% |
Chengdu Haoneng Tech Co Ltd Competitors by Market Cap
The table below lists competitors of Chengdu Haoneng Tech Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Wizz Air Holdings Plc
F:WI2
|
$1.44 Billion |
|
CEAT Limited
NSE:CEATLTD
|
$1.44 Billion |
|
Selcuk Ecza Deposu Ticaret ve Sanayi AS
IS:SELEC
|
$1.44 Billion |
|
Sundaram Finance Holdings Limited
NSE:SUNDARMHLD
|
$1.44 Billion |
|
Azad Engineering Limited
NSE:AZAD
|
$1.44 Billion |
|
Jingsu Jingshen Salt&Chem
SHG:603299
|
$1.44 Billion |
|
Playa Hotels & Resorts BV
F:PL0
|
$1.44 Billion |
|
Nomad Foods Ltd
NYSE:NOMD
|
$1.44 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chengdu Haoneng Tech Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,245,175,322 to 3,024,353,306, a change of 779,177,984 (34.7%).
- Net income of 321,838,164 contributed positively to equity growth.
- Dividend payments of 135,308,514 reduced retained earnings.
- Other comprehensive income decreased equity by 7,592,023.
- Other factors increased equity by 600,240,357.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥321.84 Million | +10.64% |
| Dividends Paid | CN¥135.31 Million | -4.47% |
| Other Comprehensive Income | CN¥-7.59 Million | -0.25% |
| Other Changes | CN¥600.24 Million | +19.85% |
| Total Change | CN¥- | 34.70% |
Book Value vs Market Value Analysis
This analysis compares Chengdu Haoneng Tech 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: 2.38x
- 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 7.19x to 2.38x 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¥1.48 | CN¥10.67 | x |
| 2013-12-31 | CN¥1.53 | CN¥10.67 | x |
| 2014-12-31 | CN¥0.75 | CN¥10.67 | x |
| 2015-12-31 | CN¥0.90 | CN¥10.67 | x |
| 2016-12-31 | CN¥1.07 | CN¥10.67 | x |
| 2017-12-31 | CN¥2.03 | CN¥10.67 | x |
| 2018-12-31 | CN¥2.10 | CN¥10.67 | x |
| 2019-12-31 | CN¥2.17 | CN¥10.67 | x |
| 2020-12-31 | CN¥2.36 | CN¥10.67 | x |
| 2021-12-31 | CN¥2.52 | CN¥10.67 | x |
| 2022-12-31 | CN¥2.86 | CN¥10.67 | x |
| 2023-12-31 | CN¥2.99 | CN¥10.67 | x |
| 2024-12-31 | CN¥4.49 | CN¥10.67 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chengdu Haoneng Tech 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): 10.64%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.64%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 2.06x
- Recent ROE (10.64%) is below the historical average (14.02%), 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 | 22.60% | 24.49% | 0.68x | 1.37x | CN¥53.38 Million |
| 2013 | 24.37% | 21.80% | 0.77x | 1.46x | CN¥62.26 Million |
| 2014 | 24.86% | 22.24% | 0.77x | 1.45x | CN¥81.55 Million |
| 2015 | 16.27% | 17.73% | 0.59x | 1.56x | CN¥41.07 Million |
| 2016 | 16.16% | 19.61% | 0.51x | 1.63x | CN¥48.11 Million |
| 2017 | 10.09% | 17.80% | 0.38x | 1.50x | CN¥1.29 Million |
| 2018 | 10.45% | 17.31% | 0.38x | 1.58x | CN¥6.95 Million |
| 2019 | 7.68% | 13.15% | 0.37x | 1.56x | CN¥-36.77 Million |
| 2020 | 10.16% | 15.10% | 0.36x | 1.89x | CN¥2.78 Million |
| 2021 | 10.82% | 13.82% | 0.36x | 2.15x | CN¥15.05 Million |
| 2022 | 10.01% | 14.36% | 0.31x | 2.23x | CN¥291.70K |
| 2023 | 8.10% | 9.35% | 0.37x | 2.36x | CN¥-42.55 Million |
| 2024 | 10.64% | 13.64% | 0.38x | 2.06x | CN¥19.40 Million |
Industry Comparison
This section compares Chengdu Haoneng Tech Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $1,304,479,428
- Average return on equity (ROE) among peers: 8.99%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chengdu Haoneng Tech Co Ltd (603809) | CN¥3.66 Billion | 22.60% | 0.87x | $1.44 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $747.95 Million | 3.82% | 1.74x | $1.13 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $819.25 Million | 10.93% | 0.51x | $7.65 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $2.73 Billion | 7.09% | 0.69x | $2.26 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $1.55 Billion | 23.23% | 1.79x | $1.06 Billion |
| Qingdao Doublestar Co Ltd (000599) | $3.85 Billion | 0.71% | 1.33x | $1.71 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $204.20 Million | 1.54% | 0.67x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $1.26 Billion | -4.75% | 1.19x | $790.93 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $284.89 Million | 8.82% | 0.84x | $2.04 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $75.01 Million | 19.07% | 1.43x | $321.95 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $1.53 Billion | 19.40% | 1.00x | $3.79 Billion |
About Chengdu Haoneng Tech Co Ltd
Chengdu Haoneng Technology Co., Ltd. engages in the research, development, production, and sale of automotive transmission system components in China and internationally. It offers synchronizer rings, such as copper synchronizer rings, stamped steel rings, and precision forged steel rings; gear hubs, gear sleeves, coupling gears, and synchronizer assemblies. The company also sells aerospace parts… Read more