Kunshan Huguang Auto Harness Co Ltd (605333) - Net Assets
Based on the latest financial reports, Kunshan Huguang Auto Harness Co Ltd (605333) has net assets worth CN¥3.45 Billion CNY (≈ $504.57 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¥8.27 Billion ≈ $1.21 Billion USD) and total liabilities (CN¥4.82 Billion ≈ $704.97 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 605333 current and non-current assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.45 Billion |
| % of Total Assets | 41.72% |
| Annual Growth Rate | 52.81% |
| 5-Year Change | 358.8% |
| 10-Year Change | 2190.12% |
| Growth Volatility | 62.84 |
Kunshan Huguang Auto Harness Co Ltd - Net Assets Trend (2015–2025)
This chart illustrates how Kunshan Huguang Auto Harness Co Ltd's net assets have evolved over time, based on quarterly financial data. Check Kunshan Huguang Auto Harness Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Kunshan Huguang Auto Harness Co Ltd (2015–2025)
The table below shows the annual net assets of Kunshan Huguang Auto Harness Co Ltd from 2015 to 2025. For live valuation and market cap data, see 605333 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.45 Billion ≈ $504.46 Million |
+54.87% |
| 2024-12-31 | CN¥2.23 Billion ≈ $325.73 Million |
+44.17% |
| 2023-12-31 | CN¥1.54 Billion ≈ $225.93 Million |
+3.91% |
| 2022-12-31 | CN¥1.49 Billion ≈ $217.43 Million |
+97.75% |
| 2021-12-31 | CN¥751.39 Million ≈ $109.95 Million |
-3.77% |
| 2020-12-31 | CN¥780.82 Million ≈ $114.26 Million |
+45.26% |
| 2019-12-31 | CN¥537.53 Million ≈ $78.66 Million |
+15.17% |
| 2018-12-31 | CN¥466.72 Million ≈ $68.30 Million |
+27.69% |
| 2017-12-31 | CN¥365.50 Million ≈ $53.48 Million |
+142.81% |
| 2016-12-31 | CN¥150.53 Million ≈ $22.03 Million |
+203.31% |
| 2015-12-31 | CN¥49.63 Million ≈ $7.26 Million |
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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 122612675076.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.22 Billion | 35.27% |
| Other Components | CN¥2.23 Billion | 64.73% |
| Total Equity | CN¥3.45 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 |
|---|---|
|
Norion Bank
ST:NORION
|
$1.20 Billion |
|
Jiangsu Bojun Industrial Technology Co. Ltd
SHE:300926
|
$1.20 Billion |
|
Orezone Gold Corporation
AU:ORE
|
$1.20 Billion |
|
Hubei Huitian New Materials
SHE:300041
|
$1.20 Billion |
|
EVEREST MED.LTD DL-0001
F:6HN
|
$1.20 Billion |
|
NAVIGATOR HLDGS LTD
F:1NV
|
$1.20 Billion |
|
Delta Galil Industries Ltd
TA:DELT
|
$1.20 Billion |
|
Sunwave Communications Co Ltd
SHE:002115
|
$1.20 Billion |
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 2024 to 2025, total equity changed from 2,225,959,448 to 3,447,386,458, a change of 1,221,427,010 (54.9%).
- Net income of 481,212,982 contributed positively to equity growth.
- Dividend payments of 145,050,085 reduced retained earnings.
- Other comprehensive income decreased equity by 908,521,889.
- Other factors increased equity by 1,793,786,002.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥481.21 Million | +13.96% |
| Dividends Paid | CN¥145.05 Million | -4.21% |
| Other Comprehensive Income | CN¥-908.52 Million | -26.35% |
| Other Changes | CN¥1.79 Billion | +52.03% |
| Total Change | CN¥- | 54.87% |
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: 2.38x
- 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 119.61x to 2.38x 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¥17.70 | x |
| 2016-12-31 | CN¥0.46 | CN¥17.70 | x |
| 2017-12-31 | CN¥1.11 | CN¥17.70 | x |
| 2018-12-31 | CN¥1.29 | CN¥17.70 | x |
| 2019-12-31 | CN¥1.48 | CN¥17.70 | x |
| 2020-12-31 | CN¥2.10 | CN¥17.70 | x |
| 2021-12-31 | CN¥2.13 | CN¥17.70 | x |
| 2022-12-31 | CN¥3.63 | CN¥17.70 | x |
| 2023-12-31 | CN¥3.53 | CN¥17.70 | x |
| 2024-12-31 | CN¥5.10 | CN¥17.70 | x |
| 2025-12-31 | CN¥7.43 | CN¥17.70 | 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): 13.96%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.67%
- • Asset Turnover: 0.94x
- • Equity Multiplier: 2.61x
- Recent ROE (13.96%) is below the historical average (25.61%), suggesting potential challenges in 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 |
| 2025 | 13.96% | 5.67% | 0.94x | 2.61x | CN¥136.47 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: $1,321,293,758
- Average return on equity (ROE) among peers: 9.01%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Kunshan Huguang Auto Harness Co Ltd (605333) | CN¥3.45 Billion | 94.61% | 1.40x | $1.20 Billion |
| FAWER Automotive Parts Ltd Co (000030) | $4.25 Billion | 12.78% | 0.67x | $1.00 Billion |
| Wanxiang Qianchao Co Ltd (000559) | $54.22 Million | 19.68% | 0.36x | $6.37 Billion |
| Weifu High-Technology Group Co Ltd (000581) | $1.19 Billion | 8.97% | 0.42x | $2.12 Billion |
| Gui Zhou Tyre Co Ltd (000589) | $77.69 Million | 26.52% | 2.33x | $1.01 Billion |
| Qingdao Doublestar Co Ltd (000599) | $1.48 Billion | 2.46% | 2.18x | $1.44 Billion |
| Hengli Industrial Development Group Co Ltd (000622) | $221.75 Million | 3.54% | 1.25x | $9.33 Million |
| Xiangyang Automobile Bearing Co Ltd (000678) | $926.07 Million | -5.80% | 1.58x | $603.96 Million |
| Jiangnan Mould & Plastic Technology Co Ltd (000700) | $2.98 Billion | 16.69% | 2.13x | $2.25 Billion |
| Sichuan Haowu Electromechanical Co Ltd (000757) | $1.70 Billion | 3.10% | 0.78x | $293.88 Million |
| Anhui Zhongding Sealing Parts Co Ltd (000887) | $334.20 Million | 2.19% | 0.85x | $3.59 Billion |
About 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