Kunshan Huguang Auto Harness Co Ltd
Kunshan Huguang Auto Harness Co.,Ltd. engages in the research and development, production, and sales of wiring harnesses for passenger vehicles in China. The company offers AC and DC charging, low-voltage platform small wiring, low-voltage main harness, engine pre-installed wiring, high-voltage air conditioning wiring, and high-voltage drive harness, as well as battery cable. It also provides wir… Read more
Kunshan Huguang Auto Harness Co Ltd (605333) - Net Assets
Latest net assets as of September 2025: CN¥3.42 Billion CNY
Based on the latest financial reports, Kunshan Huguang Auto Harness Co Ltd (605333) has net assets worth CN¥3.42 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.83 Billion) and total liabilities (CN¥5.42 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.42 Billion |
| % of Total Assets | 38.67% |
| Annual Growth Rate | 52.58% |
| 5-Year Change | 185.08% |
| 10-Year Change | N/A |
| Growth Volatility | 66.17 |
Kunshan Huguang Auto Harness Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Kunshan Huguang Auto Harness Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Kunshan Huguang Auto Harness Co Ltd (2015–2024)
The table below shows the annual net assets of Kunshan Huguang Auto Harness Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.23 Billion | +44.17% |
| 2023-12-31 | CN¥1.54 Billion | +3.91% |
| 2022-12-31 | CN¥1.49 Billion | +97.75% |
| 2021-12-31 | CN¥751.39 Million | -3.77% |
| 2020-12-31 | CN¥780.82 Million | +45.26% |
| 2019-12-31 | CN¥537.53 Million | +15.17% |
| 2018-12-31 | CN¥466.72 Million | +27.69% |
| 2017-12-31 | CN¥365.50 Million | +142.81% |
| 2016-12-31 | CN¥150.53 Million | +203.31% |
| 2015-12-31 | CN¥49.63 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Kunshan Huguang Auto Harness 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 89075631096.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥880.66 Million | 39.56% |
| Common Stock | CN¥436.78 Million | 19.62% |
| Other Comprehensive Income | CN¥908.52 Million | 40.81% |
| Total Equity | CN¥2.23 Billion | 100.00% |
Kunshan Huguang Auto Harness Co Ltd Competitors by Market Cap
The table below lists competitors of Kunshan Huguang Auto Harness Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing New Space Technology Co Ltd
SHG:605178
|
$446.21 Million |
|
Fujian Nanping Sun Cable Co Ltd
SHE:002300
|
$446.22 Million |
|
Chengdu KSW Technologies Co. Ltd. A
SHG:688283
|
$446.27 Million |
|
Pricol Limited
NSE:PRICOLLTD
|
$446.33 Million |
|
Shanghai Aohua Photoelectricity Endoscope Co. Ltd. A
SHG:688212
|
$445.95 Million |
|
Cromwell Property Group
PINK:CMWCF
|
$445.64 Million |
|
Hammond Power Solutions Inc
PINK:HMDPF
|
$445.61 Million |
|
TOHO TITANIUM
F:40A
|
$445.59 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Kunshan Huguang Auto Harness Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,543,939,095 to 2,225,959,448, a change of 682,020,353 (44.2%).
- Net income of 670,343,990 contributed positively to equity growth.
- Dividend payments of 72,671,889 reduced retained earnings.
- Other comprehensive income increased equity by 903,477,122.
- Other factors decreased equity by 819,128,870.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥670.34 Million | +30.11% |
| Dividends Paid | CN¥72.67 Million | -3.26% |
| Other Comprehensive Income | CN¥903.48 Million | +40.59% |
| Other Changes | CN¥-819.13 Million | -36.8% |
| Total Change | CN¥- | 44.17% |
Book Value vs Market Value Analysis
This analysis compares Kunshan Huguang Auto Harness 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: 5.29x
- 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 178.88x to 5.29x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥0.15 | CN¥26.87 | x |
| 2016-12-31 | CN¥0.46 | CN¥26.87 | x |
| 2017-12-31 | CN¥1.11 | CN¥26.87 | x |
| 2018-12-31 | CN¥1.29 | CN¥26.87 | x |
| 2019-12-31 | CN¥1.34 | CN¥26.87 | x |
| 2020-12-31 | CN¥1.95 | CN¥26.87 | x |
| 2021-12-31 | CN¥1.87 | CN¥26.87 | x |
| 2022-12-31 | CN¥3.62 | CN¥26.87 | x |
| 2023-12-31 | CN¥3.53 | CN¥26.87 | x |
| 2024-12-31 | CN¥5.08 | CN¥26.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Kunshan Huguang Auto Harness 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): 30.11%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.47%
- • Asset Turnover: 1.12x
- • Equity Multiplier: 3.18x
- Recent ROE (30.11%) is above the historical average (26.78%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 94.61% | 4.63% | 0.96x | 21.32x | CN¥41.99 Million |
| 2016 | 67.03% | 7.92% | 1.09x | 7.79x | CN¥85.85 Million |
| 2017 | 19.89% | 5.20% | 1.07x | 3.58x | CN¥36.14 Million |
| 2018 | 21.68% | 6.70% | 1.19x | 2.71x | CN¥54.53 Million |
| 2019 | 18.86% | 6.21% | 0.99x | 3.07x | CN¥47.61 Million |
| 2020 | 9.51% | 4.85% | 0.79x | 2.47x | CN¥-3.85 Million |
| 2021 | -0.14% | -0.04% | 0.84x | 3.89x | CN¥-76.19 Million |
| 2022 | 2.75% | 1.25% | 0.73x | 3.02x | CN¥-107.66 Million |
| 2023 | 3.50% | 1.35% | 0.71x | 3.63x | CN¥-100.30 Million |
| 2024 | 30.11% | 8.47% | 1.12x | 3.18x | CN¥447.75 Million |
Industry Comparison
This section compares Kunshan Huguang Auto Harness Co Ltd's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $2,572,980,621
- Average return on equity (ROE) among peers: 8.22%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kunshan Huguang Auto Harness Co Ltd (605333) | CN¥3.42 Billion | 94.61% | 1.59x | $446.07 Million |
| Wanxiang Qianchao Co Ltd (000559) | $2.25 Billion | 8.11% | 1.30x | $2.51 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $15.35 Billion | 16.75% | 0.32x | $1.90 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $840.45 Million | 2.86% | 1.85x | $805.35 Million |
| Qingdao Doublestar Co Ltd (000599) | $772.99 Million | 6.94% | 1.69x | $447.80 Million |
| Hengli Industrial Development Group Co Ltd (000622) | $169.93 Million | 0.00% | 0.80x | $7.81 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $632.55 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $415.84 Million | 7.91% | 0.51x | $929.41 Million |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $97.36 Million | 31.38% | 1.32x | $230.79 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $598.28 Million | 10.29% | 1.20x | $2.06 Billion |
| Aerospace Hi-Tech Holding Group Co Ltd (000901) | $4.31 Billion | 3.73% | 0.63x | $1.62 Billion |