Haixia Envrnmnt (603817) - Net Assets

Latest as of March 2026: CN¥3.36 Billion CNY ≈ $491.05 Million USD

Based on the latest financial reports, Haixia Envrnmnt (603817) has net assets worth CN¥3.36 Billion CNY (≈ $491.05 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.00 Billion ≈ $1.02 Billion USD) and total liabilities (CN¥3.65 Billion ≈ $533.69 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 603817 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.36 Billion
% of Total Assets	47.92%
Annual Growth Rate	15.02%
5-Year Change	51.41%
10-Year Change	254.71%
Growth Volatility	19.09

Haixia Envrnmnt - Net Assets Trend (2012–2025)

This chart illustrates how Haixia Envrnmnt's net assets have evolved over time, based on quarterly financial data. See 603817 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Haixia Envrnmnt (2012–2025)

The table below shows the annual net assets of Haixia Envrnmnt from 2012 to 2025. For live valuation and market cap data, see Haixia Envrnmnt (603817) total market value.

Year	Net Assets	Change
2025-12-31	CN¥3.29 Billion ≈ $481.40 Million	+12.70%
2024-12-31	CN¥2.92 Billion ≈ $427.15 Million	+3.78%
2023-12-31	CN¥2.81 Billion ≈ $411.58 Million	+0.76%
2022-12-31	CN¥2.79 Billion ≈ $408.47 Million	+28.47%
2021-12-31	CN¥2.17 Billion ≈ $317.95 Million	+5.63%
2020-12-31	CN¥2.06 Billion ≈ $301.01 Million	+10.81%
2019-12-31	CN¥1.86 Billion ≈ $271.65 Million	+11.90%
2018-12-31	CN¥1.66 Billion ≈ $242.75 Million	+14.07%
2017-12-31	CN¥1.45 Billion ≈ $212.81 Million	+56.80%
2016-12-31	CN¥927.46 Million ≈ $135.72 Million	+11.61%
2015-12-31	CN¥830.96 Million ≈ $121.60 Million	+11.45%
2014-12-31	CN¥745.59 Million ≈ $109.10 Million	+56.30%
2013-12-31	CN¥477.02 Million ≈ $69.80 Million	-10.63%
2012-12-31	CN¥533.78 Million ≈ $78.11 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Haixia Envrnmnt'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 725.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.18 Billion	36.76%
Other Components	CN¥2.03 Billion	63.24%
Total Equity	CN¥3.20 Billion	100.00%

Haixia Envrnmnt Competitors by Market Cap

The table below lists competitors of Haixia Envrnmnt ranked by their market capitalization.

Company	Market Cap
Calavo Growers Inc NASDAQ:CVGW	$466.33 Million
Vital Farms Inc NASDAQ:VITL	$466.34 Million
Topkey Corp TW:4536	$466.40 Million
Natural Gas Services Group Inc NYSE:NGS	$466.43 Million
Great Taipei Gas Corp TW:9908	$466.30 Million
Ion Beam Applications SA BR:IBAB	$466.24 Million
China BlueChemical Ltd F:H1Q	$466.14 Million
Sicher Elevator Co. Ltd. SHE:301056	$466.13 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Haixia Envrnmnt's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 2,820,962,953 to 3,202,064,801, a change of 381,101,848 (13.5%).
Net income of 212,091,538 contributed positively to equity growth.
Dividend payments of 115,037,596 reduced retained earnings.
Other factors increased equity by 284,047,906.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥212.09 Million	+6.62%
Dividends Paid	CN¥115.04 Million	-3.59%
Other Changes	CN¥284.05 Million	+8.87%
Total Change	CN¥-	13.51%

Book Value vs Market Value Analysis

This analysis compares Haixia Envrnmnt'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: 1.00x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 2.83x to 1.00x 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¥1.98	CN¥5.59	x
2013-12-31	CN¥1.77	CN¥5.59	x
2014-12-31	CN¥2.21	CN¥5.59	x
2015-12-31	CN¥2.43	CN¥5.59	x
2016-12-31	CN¥2.75	CN¥5.59	x
2017-12-31	CN¥3.28	CN¥5.59	x
2018-12-31	CN¥3.38	CN¥5.59	x
2019-12-31	CN¥3.76	CN¥5.59	x
2020-12-31	CN¥4.02	CN¥5.59	x
2021-12-31	CN¥4.26	CN¥5.59	x
2022-12-31	CN¥5.20	CN¥5.59	x
2023-12-31	CN¥5.02	CN¥5.59	x
2024-12-31	CN¥5.07	CN¥5.59	x
2025-12-31	CN¥5.62	CN¥5.59	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Haixia Envrnmnt 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): 6.62%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 15.40%
• Asset Turnover: 0.20x
• Equity Multiplier: 2.17x
Recent ROE (6.62%) is below the historical average (8.74%), 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	10.92%	38.18%	0.23x	1.25x	CN¥4.93 Million
2013	16.74%	44.29%	0.21x	1.81x	CN¥32.14 Million
2014	12.48%	37.28%	0.21x	1.59x	CN¥18.51 Million
2015	10.27%	30.43%	0.17x	2.02x	CN¥2.28 Million
2016	10.40%	29.21%	0.19x	1.89x	CN¥3.75 Million
2017	7.02%	28.51%	0.17x	1.42x	CN¥-42.11 Million
2018	7.67%	24.17%	0.15x	2.12x	CN¥-35.50 Million
2019	7.60%	20.32%	0.16x	2.32x	CN¥-41.03 Million
2020	7.16%	17.75%	0.16x	2.48x	CN¥-51.53 Million
2021	7.56%	16.46%	0.18x	2.55x	CN¥-47.26 Million
2022	5.78%	14.16%	0.18x	2.28x	CN¥-107.88 Million
2023	5.38%	13.69%	0.17x	2.31x	CN¥-123.94 Million
2024	6.80%	15.77%	0.18x	2.40x	CN¥-90.35 Million
2025	6.62%	15.40%	0.20x	2.17x	CN¥-108.11 Million

Industry Comparison

This section compares Haixia Envrnmnt's net assets metrics with peer companies in the Utilities - Regulated Water industry.

Industry Context

Industry: Utilities - Regulated Water
Average net assets among peers: $2,835,977,511
Average return on equity (ROE) among peers: 1.86%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Haixia Envrnmnt (603817)	CN¥3.36 Billion	10.92%	1.09x	$466.32 Million
Chengdu Xingrong Investment Co Ltd (000598)	$13.20 Billion	9.84%	1.36x	$2.96 Billion
Bohai Water Industry Co Ltd (000605)	$-95.96 Million	0.00%	0.00x	$293.12 Million
Zhongshan Public Utilities Group Co Ltd (000685)	$309.02 Million	6.22%	0.31x	$2.35 Billion
Guangdong Shunkong Development Co Ltd (003039)	$1.83 Billion	5.74%	0.76x	$1.10 Billion
Gansu Dayu Water saving Group (300021)	$3.05 Billion	1.60%	2.40x	$550.54 Million
Beijing Water Business Doctor (300055)	$5.54 Billion	3.83%	0.31x	$931.79 Million
BGT Group Co. Ltd. (300774)	$1.13 Billion	13.20%	0.46x	$811.69 Million
Hynar Water Group Co. Ltd. (300961)	$777.03 Million	-31.81%	2.48x	$280.95 Million
Shenzhen Water Planning & Design Institute Co. Ltd. (301038)	$930.59 Million	5.66%	1.18x	$606.52 Million
Wuhan Sanzhen Industry Holding Co Ltd (600168)	$1.68 Billion	4.30%	1.07x	$622.16 Million

About Haixia Envrnmnt

SHG:603817 China Utilities - Regulated Water

Market Cap

$466.32 Million

CN¥3.19 Billion CNY

Market Cap Rank

#12767 Global

#3786 in China

Share Price

CN¥5.59

Change (1 day)

-2.10%

52-Week Range

CN¥5.59 - CN¥9.01

All Time High

CN¥27.10