Hunan Aihua Group Co Ltd (603989) - Net Assets
Based on the latest financial reports, Hunan Aihua Group Co Ltd (603989) has net assets worth CN¥3.85 Billion CNY (≈ $562.92 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¥5.86 Billion ≈ $857.21 Million USD) and total liabilities (CN¥2.01 Billion ≈ $294.29 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 Hunan Aihua Group Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.85 Billion |
| % of Total Assets | 65.67% |
| Annual Growth Rate | 20.15% |
| 5-Year Change | 37.5% |
| 10-Year Change | 109.97% |
| Growth Volatility | 28.54 |
Hunan Aihua Group Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Hunan Aihua Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 603989 total asset value for the complete picture of this company's asset base.
Annual Net Assets for Hunan Aihua Group Co Ltd (2009–2024)
The table below shows the annual net assets of Hunan Aihua Group Co Ltd from 2009 to 2024. For live valuation and market cap data, see 603989 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.71 Billion ≈ $542.64 Million |
+2.47% |
| 2023-12-31 | CN¥3.62 Billion ≈ $529.57 Million |
+6.56% |
| 2022-12-31 | CN¥3.40 Billion ≈ $496.96 Million |
+9.88% |
| 2021-12-31 | CN¥3.09 Billion ≈ $452.29 Million |
+14.61% |
| 2020-12-31 | CN¥2.70 Billion ≈ $394.64 Million |
+16.15% |
| 2019-12-31 | CN¥2.32 Billion ≈ $339.75 Million |
+10.71% |
| 2018-12-31 | CN¥2.10 Billion ≈ $306.88 Million |
+12.13% |
| 2017-12-31 | CN¥1.87 Billion ≈ $273.69 Million |
+2.89% |
| 2016-12-31 | CN¥1.82 Billion ≈ $266.00 Million |
+2.93% |
| 2015-12-31 | CN¥1.77 Billion ≈ $258.44 Million |
+116.94% |
| 2014-12-31 | CN¥814.10 Million ≈ $119.13 Million |
+12.66% |
| 2013-12-31 | CN¥722.64 Million ≈ $105.75 Million |
+26.43% |
| 2012-12-31 | CN¥571.58 Million ≈ $83.64 Million |
+21.39% |
| 2011-12-31 | CN¥470.85 Million ≈ $68.90 Million |
+26.38% |
| 2010-12-31 | CN¥372.57 Million ≈ $54.52 Million |
+57.68% |
| 2009-12-31 | CN¥236.28 Million ≈ $34.57 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hunan Aihua 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 3572.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.96 Billion | 53.32% |
| Common Stock | CN¥401.13 Million | 10.89% |
| Other Components | CN¥1.32 Billion | 35.78% |
| Total Equity | CN¥3.68 Billion | 100.00% |
Hunan Aihua Group Co Ltd Competitors by Market Cap
The table below lists competitors of Hunan Aihua Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
VIX Securities JSC
VN:VIX
|
$1.16 Billion |
|
ArcherMind Technology Nanjing Co Ltd
SHE:300598
|
$1.16 Billion |
|
OVH GROUPE UNSP.ADR/1/2
F:7U70
|
$1.16 Billion |
|
Sumavision Technologies
SHE:300079
|
$1.16 Billion |
|
Alexanders Inc
NYSE:ALX
|
$1.16 Billion |
|
Motic Xiamen Electric Group Co Ltd
SHE:300341
|
$1.16 Billion |
|
Gibraltar Industries Inc
NASDAQ:ROCK
|
$1.16 Billion |
|
MasterBrand Inc.
NYSE:MBC
|
$1.16 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hunan Aihua Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,583,886,617 to 3,682,027,297, a change of 98,140,680 (2.7%).
- Net income of 198,204,999 contributed positively to equity growth.
- Dividend payments of 143,379,588 reduced retained earnings.
- Other comprehensive income decreased equity by 334,673,508.
- Other factors increased equity by 377,988,777.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥198.20 Million | +5.38% |
| Dividends Paid | CN¥143.38 Million | -3.89% |
| Other Comprehensive Income | CN¥-334.67 Million | -9.09% |
| Other Changes | CN¥377.99 Million | +10.27% |
| Total Change | CN¥- | 2.74% |
Book Value vs Market Value Analysis
This analysis compares Hunan Aihua 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: 2.14x
- 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 25.90x to 2.14x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.77 | CN¥19.86 | x |
| 2010-12-31 | CN¥1.33 | CN¥19.86 | x |
| 2011-12-31 | CN¥1.62 | CN¥19.86 | x |
| 2012-12-31 | CN¥1.95 | CN¥19.86 | x |
| 2013-12-31 | CN¥2.32 | CN¥19.86 | x |
| 2014-12-31 | CN¥2.93 | CN¥19.86 | x |
| 2015-12-31 | CN¥5.12 | CN¥19.86 | x |
| 2016-12-31 | CN¥4.56 | CN¥19.86 | x |
| 2017-12-31 | CN¥4.71 | CN¥19.86 | x |
| 2018-12-31 | CN¥5.31 | CN¥19.86 | x |
| 2019-12-31 | CN¥5.82 | CN¥19.86 | x |
| 2020-12-31 | CN¥6.77 | CN¥19.86 | x |
| 2021-12-31 | CN¥7.57 | CN¥19.86 | x |
| 2022-12-31 | CN¥8.35 | CN¥19.86 | x |
| 2023-12-31 | CN¥8.99 | CN¥19.86 | x |
| 2024-12-31 | CN¥9.29 | CN¥19.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hunan Aihua 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): 5.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.07%
- • Asset Turnover: 0.66x
- • Equity Multiplier: 1.60x
- Recent ROE (5.38%) is below the historical average (17.27%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 39.45% | 14.37% | 0.88x | 3.13x | CN¥63.28 Million |
| 2010 | 19.69% | 8.86% | 1.01x | 2.21x | CN¥36.11 Million |
| 2011 | 20.62% | 11.05% | 0.90x | 2.08x | CN¥49.82 Million |
| 2012 | 17.65% | 11.61% | 0.88x | 1.73x | CN¥43.59 Million |
| 2013 | 23.62% | 15.29% | 0.92x | 1.69x | CN¥92.97 Million |
| 2014 | 23.35% | 15.37% | 1.01x | 1.51x | CN¥103.15 Million |
| 2015 | 13.07% | 17.26% | 0.64x | 1.18x | CN¥53.08 Million |
| 2016 | 14.84% | 17.02% | 0.68x | 1.28x | CN¥86.24 Million |
| 2017 | 15.91% | 16.28% | 0.77x | 1.27x | CN¥108.43 Million |
| 2018 | 14.50% | 13.79% | 0.65x | 1.61x | CN¥92.74 Million |
| 2019 | 14.77% | 14.98% | 0.59x | 1.67x | CN¥109.11 Million |
| 2020 | 14.32% | 15.12% | 0.58x | 1.64x | CN¥114.80 Million |
| 2021 | 15.98% | 15.07% | 0.62x | 1.72x | CN¥182.41 Million |
| 2022 | 13.30% | 12.94% | 0.64x | 1.61x | CN¥110.63 Million |
| 2023 | 9.79% | 10.39% | 0.61x | 1.56x | CN¥-7.39 Million |
| 2024 | 5.38% | 5.07% | 0.66x | 1.60x | CN¥-170.00 Million |
Industry Comparison
This section compares Hunan Aihua Group Co Ltd's net assets metrics with peer companies in the Electronic Components industry.
Industry Context
- Industry: Electronic Components
- Average net assets among peers: $2,959,429,291
- Average return on equity (ROE) among peers: 10.19%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hunan Aihua Group Co Ltd (603989) | CN¥3.85 Billion | 39.45% | 0.52x | $1.16 Billion |
| Shenzhen Zhongheng Huafa Co Ltd Class A (000020) | $266.56 Million | 3.44% | 1.72x | $423.10 Million |
| Shenzhen Desay Battery Technology Co Ltd (000049) | $2.86 Billion | 17.55% | 2.07x | $1.63 Billion |
| Shenzhen Huakong Seg Co Ltd (000068) | $1.09 Billion | 2.98% | 1.57x | $483.17 Million |
| CPT Technology Group Co Ltd (000536) | $3.32 Billion | 10.43% | 0.37x | $1.59 Billion |
| Guangdong Fenghua Advanced Technology Holding Co Ltd (000636) | $6.06 Billion | 5.92% | 0.45x | $4.25 Billion |
| Xiamen Xindeco Ltd (000701) | $217.53 Million | 0.00% | 0.71x | $586.43 Million |
| BOE Technology Group Co Ltd (000725) | $466.65 Million | 21.84% | 0.74x | $21.70 Billion |
| China Zhenhua Group Science & Technology Co Ltd (000733) | $9.75 Billion | 24.43% | 0.39x | $3.46 Billion |
| Beijing Zhong Ke San Huan High-Tech Co Ltd (000970) | $4.17 Billion | 8.18% | 0.30x | $2.15 Billion |
| Guizhou Space Appliance Co Ltd (002025) | $1.38 Billion | 7.09% | 0.20x | $4.88 Billion |
About Hunan Aihua Group Co Ltd
Hunan Aihua Group Co., Ltd, together with its subsidiaries, engages in the design, development, manufacture, and sale of aluminum electrolytic capacitors in the People's Republic of China and internationally. The company also offers aluminum foil and machines, and equipment for producing capacitors. Its products include radial leaded, surface mount, snap IN, screw terminal, radial polymer, SMT po… Read more