Haixia Envrnmnt Net Assets
Haixia Envrnmnt net assets. Based on the latest financial reports, Haixia Envrnmnt (603817) has net assets worth CN¥3.41 Billion CNY (≈ $498.52 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥7.06 Billion ≈ $1.03 Billion USD) and total liabilities (CN¥3.65 Billion ≈ $534.52 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. Also explore how fast is Haixia Envrnmnt growing its equity to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.41 Billion |
| % of Total Assets | 48.26% |
| Annual Growth Rate | 15.02% |
| 5-Year Change | 51.41% |
| 10-Year Change | 254.71% |
| Growth Volatility | 19.09 |
Net Assets of Haixia Envrnmnt (2012–2025)
Net assets of Haixia Envrnmnt from 2012 to 2025. This chart illustrates how Haixia Envrnmnt's net assets have evolved over time, based on quarterly financial data. See how leveraged is Haixia Envrnmnt's balance sheet to measure how much of total assets are equity-financed.
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 market cap and overall valuation, see Haixia Envrnmnt market capitalisation.
| 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 |
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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.
Haixia Envrnmnt Net Assets Breakdown (December 2025)
Haixia Envrnmnt net assets breakdown by equity component as of 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 |
|---|---|
|
Shanghai Sunglow Packaging Technology Co Ltd Co Ltd Class A
SHG:603499
|
$468.03 Million |
|
Colorlight Cloud Tech Ltd. A
SHE:301391
|
$468.14 Million |
|
Dolphin Drilling AS
OL:DDRIL
|
$468.17 Million |
|
Tatung System Technologies
TWO:8099
|
$468.20 Million |
|
Shanghai Canature Environmental
SHE:300272
|
$467.97 Million |
|
VersaBank
NASDAQ:VBNK
|
$467.89 Million |
|
Hoang Huy Investment Financial
VN:TCH
|
$467.84 Million |
|
Tian Jin Global Magnetic Card Co Ltd
SHG:600800
|
$467.81 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 2.84x 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¥5.61 | x |
| 2013-12-31 | CN¥1.77 | CN¥5.61 | x |
| 2014-12-31 | CN¥2.21 | CN¥5.61 | x |
| 2015-12-31 | CN¥2.43 | CN¥5.61 | x |
| 2016-12-31 | CN¥2.75 | CN¥5.61 | x |
| 2017-12-31 | CN¥3.28 | CN¥5.61 | x |
| 2018-12-31 | CN¥3.38 | CN¥5.61 | x |
| 2019-12-31 | CN¥3.76 | CN¥5.61 | x |
| 2020-12-31 | CN¥4.02 | CN¥5.61 | x |
| 2021-12-31 | CN¥4.26 | CN¥5.61 | x |
| 2022-12-31 | CN¥5.20 | CN¥5.61 | x |
| 2023-12-31 | CN¥5.02 | CN¥5.61 | x |
| 2024-12-31 | CN¥5.07 | CN¥5.61 | x |
| 2025-12-31 | CN¥5.62 | CN¥5.61 | 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: $3,438,788,843
- Average return on equity (ROE) among peers: 1.75%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Haixia Envrnmnt (603817) | CN¥3.41 Billion | 10.92% | 1.07x | $467.99 Million |
| Chengdu Xingrong Investment Co Ltd (000598) | $15.74 Billion | 10.28% | 1.44x | $3.21 Billion |
| Bohai Water Industry Co Ltd (000605) | $147.38 Million | 6.20% | 1.66x | $277.12 Million |
| Zhongshan Public Utilities Group Co Ltd (000685) | $7.05 Billion | 8.99% | 0.21x | $2.31 Billion |
| Guangdong Shunkong Development Co Ltd (003039) | $1.58 Billion | 2.27% | 0.93x | $1.09 Billion |
| Gansu Dayu Water saving Group (300021) | $46.99 Million | 18.84% | 3.14x | $499.68 Million |
| Beijing Water Business Doctor (300055) | $5.40 Billion | -6.94% | 0.21x | $585.28 Million |
| BGT Group Co. Ltd. (300774) | $1.58 Billion | 8.42% | 0.49x | $462.97 Million |
| Hynar Water Group Co. Ltd. (300961) | $598.01 Million | -29.77% | 3.14x | $286.40 Million |
| Shenzhen Water Planning & Design Institute Co. Ltd. (301038) | $870.50 Million | -3.37% | 1.10x | $472.03 Million |
| Wuhan Sanzhen Industry Holding Co Ltd (600168) | $1.37 Billion | 2.60% | 0.08x | $641.06 Million |
About Haixia Envrnmnt
Fujian Haixia Environmental Protection Group Co.,Ltd. provides sewage treatment services in China. It operates through three segments: Water Treatment Business Reporting Segment, Solid Waste Business Reporting Segment, Integrated Technical Services Reporting Segment. The company offers urban domestic sewage treatment, industrial wastewater treatment, rural sewage treatment, and landfill leachate … Read more