Zhejiang HangKe Technology Co Ltd (688006) - Net Assets
Based on the latest financial reports, Zhejiang HangKe Technology Co Ltd (688006) has net assets worth CN¥5.48 Billion CNY (≈ $801.24 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¥9.85 Billion ≈ $1.44 Billion USD) and total liabilities (CN¥4.37 Billion ≈ $639.42 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 Zhejiang HangKe Technology Co Ltd tangible book value ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.48 Billion |
| % of Total Assets | 55.62% |
| Annual Growth Rate | 52.76% |
| 5-Year Change | 101.18% |
| 10-Year Change | N/A |
| Growth Volatility | 98.8 |
Zhejiang HangKe Technology Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Zhejiang HangKe Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of Zhejiang HangKe Technology Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Zhejiang HangKe Technology Co Ltd (2015–2024)
The table below shows the annual net assets of Zhejiang HangKe Technology Co Ltd from 2015 to 2024. For live valuation and market cap data, see Zhejiang HangKe Technology Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.16 Billion ≈ $755.77 Million |
+0.89% |
| 2023-12-31 | CN¥5.12 Billion ≈ $749.08 Million |
+52.92% |
| 2022-12-31 | CN¥3.35 Billion ≈ $489.85 Million |
+18.51% |
| 2021-12-31 | CN¥2.82 Billion ≈ $413.33 Million |
+10.02% |
| 2020-12-31 | CN¥2.57 Billion ≈ $375.67 Million |
+15.48% |
| 2019-12-31 | CN¥2.22 Billion ≈ $325.31 Million |
+143.89% |
| 2018-12-31 | CN¥911.54 Million ≈ $133.39 Million |
+38.04% |
| 2017-12-31 | CN¥660.33 Million ≈ $96.63 Million |
+35.81% |
| 2016-12-31 | CN¥486.21 Million ≈ $71.15 Million |
+326.78% |
| 2015-12-31 | CN¥113.92 Million ≈ $16.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang HangKe 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 6417.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.90 Billion | 36.81% |
| Common Stock | CN¥603.67 Million | 11.69% |
| Other Comprehensive Income | CN¥317.16 Million | 6.14% |
| Other Components | CN¥2.34 Billion | 45.36% |
| Total Equity | CN¥5.16 Billion | 100.00% |
Zhejiang HangKe Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang HangKe Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Indosat Tbk
JK:ISAT
|
$3.28 Billion |
|
NovaGold Resources Inc
TO:NG
|
$3.28 Billion |
|
Kinik Co
TW:1560
|
$3.28 Billion |
|
Allied Gold Corporation
TO:AAUC
|
$3.28 Billion |
|
New Hope Corporation Ltd
AU:NHC
|
$3.28 Billion |
|
Community Bank System Inc
NYSE:CBU
|
$3.28 Billion |
|
Sportradar Group AG
NASDAQ:SRAD
|
$3.27 Billion |
|
Bains Mer Monaco
PA:BAIN
|
$3.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang HangKe Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,119,064,450 to 5,164,798,090, a change of 45,733,640 (0.9%).
- Net income of 326,336,359 contributed positively to equity growth.
- Dividend payments of 271,652,468 reduced retained earnings.
- Other comprehensive income increased equity by 317,164,552.
- Other factors decreased equity by 326,114,803.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥326.34 Million | +6.32% |
| Dividends Paid | CN¥271.65 Million | -5.26% |
| Other Comprehensive Income | CN¥317.16 Million | +6.14% |
| Other Changes | CN¥-326.11 Million | -6.31% |
| Total Change | CN¥- | 0.89% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang HangKe 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: 4.34x
- 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 22.31x to 4.34x 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¥1.66 | CN¥37.11 | x |
| 2016-12-31 | CN¥6.89 | CN¥37.11 | x |
| 2017-12-31 | CN¥1.31 | CN¥37.11 | x |
| 2018-12-31 | CN¥1.82 | CN¥37.11 | x |
| 2019-12-31 | CN¥3.96 | CN¥37.11 | x |
| 2020-12-31 | CN¥4.54 | CN¥37.11 | x |
| 2021-12-31 | CN¥5.01 | CN¥37.11 | x |
| 2022-12-31 | CN¥5.90 | CN¥37.11 | x |
| 2023-12-31 | CN¥8.54 | CN¥37.11 | x |
| 2024-12-31 | CN¥8.55 | CN¥37.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang HangKe 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): 6.32%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.95%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.89x
- Recent ROE (6.32%) is below the historical average (19.88%), 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 | 48.95% | 22.01% | 0.54x | 4.11x | CN¥45.18 Million |
| 2016 | 18.45% | 21.87% | 0.33x | 2.58x | CN¥41.09 Million |
| 2017 | 27.35% | 23.42% | 0.42x | 2.78x | CN¥114.55 Million |
| 2018 | 31.40% | 25.80% | 0.48x | 2.53x | CN¥195.08 Million |
| 2019 | 13.10% | 22.18% | 0.34x | 1.72x | CN¥68.88 Million |
| 2020 | 14.49% | 24.91% | 0.39x | 1.51x | CN¥115.21 Million |
| 2021 | 8.32% | 9.47% | 0.43x | 2.04x | CN¥-47.34 Million |
| 2022 | 14.66% | 14.20% | 0.43x | 2.38x | CN¥155.84 Million |
| 2023 | 15.81% | 20.58% | 0.38x | 2.00x | CN¥297.18 Million |
| 2024 | 6.32% | 10.95% | 0.31x | 1.89x | CN¥-190.14 Million |
Industry Comparison
This section compares Zhejiang HangKe Technology Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $4,521,607,784
- Average return on equity (ROE) among peers: -17.97%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang HangKe Technology Co Ltd (688006) | CN¥5.48 Billion | 48.95% | 0.80x | $3.28 Billion |
| XJ Electric Co Ltd (000400) | $2.06 Billion | 5.67% | 0.94x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.81 Billion | 9.38% | 0.11x | $908.69 Million |
| Dongfang Electronics Co Ltd (000682) | $78.67 Million | 125.00% | 0.63x | $2.52 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.26 Billion | 6.39% | 3.26x | $742.84 Million |
| Huagong Tech Co Ltd (000988) | $8.26 Billion | 10.96% | 1.03x | $26.12 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.44 Billion |
| Sieyuan Electric Co Ltd (002028) | $4.51 Billion | 5.52% | 0.51x | $21.78 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $88.12 Million | 23.77% | 0.92x | $468.31 Million |
| Gotion High tech Co Ltd (002074) | $24.50 Billion | 1.27% | 1.96x | $7.89 Billion |
About Zhejiang HangKe Technology Co Ltd
Zhejiang HangKe Technology Incorporated Company designs, develops, produces, and sells lithium-ion (Li-ion) battery post-processing systems for the rechargeable batteries in China. The company offers post-processing systems for pouch and prismatic Li-ion power cells, as well as for cylindrical and 3C pouch Li-ion cells; and test and logistics software systems. Zhejiang HangKe Technology Incorpora… Read more