Xianheng International Science & Technology Co Ltd (605056) - Net Assets
Based on the latest financial reports, Xianheng International Science & Technology Co Ltd (605056) has net assets worth CN¥1.65 Billion CNY (≈ $241.37 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥3.00 Billion ≈ $438.79 Million USD) and total liabilities (CN¥1.35 Billion ≈ $197.42 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 financial resilience of Xianheng International Science & Technol to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.65 Billion |
| % of Total Assets | 55.01% |
| Annual Growth Rate | 15.56% |
| 5-Year Change | 79.12% |
| 10-Year Change | N/A |
| Growth Volatility | 16.34 |
Xianheng International Science & Technology Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Xianheng International Science & Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Xianheng International Science & Technol balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Xianheng International Science & Technology Co Ltd (2017–2024)
The table below shows the annual net assets of Xianheng International Science & Technology Co Ltd from 2017 to 2024. For live valuation and market cap data, see Xianheng International Science & Technol (605056) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.73 Billion ≈ $253.78 Million |
+8.77% |
| 2023-12-31 | CN¥1.59 Billion ≈ $233.32 Million |
+1.29% |
| 2022-12-31 | CN¥1.57 Billion ≈ $230.35 Million |
+5.23% |
| 2021-12-31 | CN¥1.50 Billion ≈ $218.90 Million |
+54.49% |
| 2020-12-31 | CN¥968.27 Million ≈ $141.69 Million |
+16.81% |
| 2019-12-31 | CN¥828.94 Million ≈ $121.30 Million |
+15.27% |
| 2018-12-31 | CN¥719.15 Million ≈ $105.23 Million |
+14.14% |
| 2017-12-31 | CN¥630.04 Million ≈ $92.19 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Xianheng International Science & Technology 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 252.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥507.51 Million | 29.81% |
| Other Components | CN¥1.19 Billion | 70.19% |
| Total Equity | CN¥1.70 Billion | 100.00% |
Xianheng International Science & Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Xianheng International Science & Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Leggett & Platt Incorporated
NYSE:LEG
|
$1.54 Billion |
|
Yinson Holdings Bhd
KLSE:7293
|
$1.54 Billion |
|
Hainan Development Holdings Nanhai Co Ltd
SHE:002163
|
$1.54 Billion |
|
Serena Energia S.A.
SA:SRNA3
|
$1.54 Billion |
|
Savaria Corporation
TO:SIS
|
$1.54 Billion |
|
Jiangsu Tongrun Equipment Technology Co Ltd
SHE:002150
|
$1.54 Billion |
|
Holmen AB (publ)
ST:HOLM-A
|
$1.54 Billion |
|
Tennant Company
NYSE:TNC
|
$1.54 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Xianheng International Science & Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,570,595,677 to 1,702,201,225, a change of 131,605,548 (8.4%).
- Net income of 222,930,639 contributed positively to equity growth.
- Dividend payments of 61,699,029 reduced retained earnings.
- Other factors decreased equity by 29,626,062.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥222.93 Million | +13.1% |
| Dividends Paid | CN¥61.70 Million | -3.62% |
| Other Changes | CN¥-29.63 Million | -1.74% |
| Total Change | CN¥- | 8.38% |
Book Value vs Market Value Analysis
This analysis compares Xianheng International Science & Technology 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: 6.18x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 14.81x to 6.18x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥1.73 | CN¥25.65 | x |
| 2018-12-31 | CN¥1.94 | CN¥25.65 | x |
| 2019-12-31 | CN¥2.25 | CN¥25.65 | x |
| 2020-12-31 | CN¥2.64 | CN¥25.65 | x |
| 2021-12-31 | CN¥3.95 | CN¥25.65 | x |
| 2022-12-31 | CN¥3.90 | CN¥25.65 | x |
| 2023-12-31 | CN¥3.81 | CN¥25.65 | x |
| 2024-12-31 | CN¥4.15 | CN¥25.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Xianheng International Science & Technology 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): 13.10%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.18%
- • Asset Turnover: 1.11x
- • Equity Multiplier: 1.91x
- Recent ROE (13.10%) is below the historical average (18.63%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 25.98% | 15.17% | 0.96x | 1.79x | CN¥98.48 Million |
| 2018 | 23.18% | 10.75% | 1.15x | 1.88x | CN¥93.00 Million |
| 2019 | 28.87% | 12.07% | 1.28x | 1.86x | CN¥153.71 Million |
| 2020 | 24.98% | 11.93% | 1.21x | 1.73x | CN¥142.43 Million |
| 2021 | 13.43% | 9.98% | 0.92x | 1.46x | CN¥50.79 Million |
| 2022 | 13.34% | 9.74% | 0.83x | 1.65x | CN¥51.80 Million |
| 2023 | 6.15% | 3.30% | 0.99x | 1.89x | CN¥-60.42 Million |
| 2024 | 13.10% | 6.18% | 1.11x | 1.91x | CN¥52.71 Million |
Industry Comparison
This section compares Xianheng International Science & Technology Co Ltd's net assets metrics with peer companies in the Tools & Accessories industry.
Industry Context
- Industry: Tools & Accessories
- Average net assets among peers: $1,036,696,527
- Average return on equity (ROE) among peers: 9.13%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Xianheng International Science & Technology Co Ltd (605056) | CN¥1.65 Billion | 25.98% | 0.82x | $1.54 Billion |
| Bosun Tools Co Ltd (002282) | $789.43 Million | 8.50% | 0.10x | $536.57 Million |
| Ningbo Ligong Online Monitoring Technology Co Ltd (002322) | $2.98 Billion | 10.46% | 0.26x | $667.99 Million |
| Tianjin Saixiang Technology Co Ltd (002337) | $1.20 Billion | 3.09% | 0.32x | $544.36 Million |
| Hangzhou Great Star Industrial Co Ltd (002444) | $252.80 Million | 25.85% | 2.16x | $6.05 Billion |
| Geron Co Ltd (002722) | $556.17 Million | 6.10% | 0.33x | $509.90 Million |
| Zhejiang Zhongjian Technology Co Ltd (002779) | $322.81 Million | 17.67% | 0.50x | $2.08 Billion |
| Guangdong Kinlong Hardware Products Co Ltd (002791) | $3.16 Billion | 13.90% | 0.57x | $956.98 Million |
| Shenzhen Kaizhong Precision Technology Co Ltd (002823) | $248.85 Million | 24.74% | 0.80x | $780.34 Million |
| Bichamp Cutting Technology Hunan Co Ltd (002843) | $382.63 Million | 10.71% | 0.29x | $1.02 Billion |
| Wafangdian Bearing Co Ltd (200706) | $470.30 Million | -29.75% | 6.07x | $143.90 Million |
About Xianheng International Science & Technology Co Ltd
Xianheng International Science&Technology Co., Ltd. engages in the research and development, procurement, production, sale, and marketing of Maintenance, Repair, and Operation (MRO) products. The company offers technical services, such as power equipment status detection, non-destructive testing, fire detection and operation and maintenance, drone intelligent inspection, underground pipe network … Read more