Harbin Xinguang Optic Electronics (688011) - Net Assets
Based on the latest financial reports, Harbin Xinguang Optic Electronics (688011) has net assets worth CN¥1.07 Billion CNY (≈ $156.80 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¥1.23 Billion ≈ $179.76 Million USD) and total liabilities (CN¥156.89 Million ≈ $22.96 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 688011 asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.07 Billion |
| % of Total Assets | 87.23% |
| Annual Growth Rate | 23.46% |
| 5-Year Change | -11.39% |
| 10-Year Change | N/A |
| Growth Volatility | 106.59 |
Harbin Xinguang Optic Electronics - Net Assets Trend (2016–2024)
This chart illustrates how Harbin Xinguang Optic Electronics's net assets have evolved over time, based on quarterly financial data. Also explore Harbin Xinguang Optic Electronics (688011) total assets for the complete picture of this company's asset base.
Annual Net Assets for Harbin Xinguang Optic Electronics (2016–2024)
The table below shows the annual net assets of Harbin Xinguang Optic Electronics from 2016 to 2024. For live valuation and market cap data, see Harbin Xinguang Optic Electronics market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.09 Billion ≈ $159.73 Million |
-4.59% |
| 2023-12-31 | CN¥1.14 Billion ≈ $167.41 Million |
-4.34% |
| 2022-12-31 | CN¥1.20 Billion ≈ $175.01 Million |
-3.29% |
| 2021-12-31 | CN¥1.24 Billion ≈ $180.96 Million |
+0.39% |
| 2020-12-31 | CN¥1.23 Billion ≈ $180.26 Million |
+0.57% |
| 2019-12-31 | CN¥1.22 Billion ≈ $179.24 Million |
+311.09% |
| 2018-12-31 | CN¥297.97 Million ≈ $43.60 Million |
-28.07% |
| 2017-12-31 | CN¥414.25 Million ≈ $60.62 Million |
+104.90% |
| 2016-12-31 | CN¥202.18 Million ≈ $29.58 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Harbin Xinguang Optic Electronics'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 decreased by 124.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.14 Billion | 104.07% |
| Total Equity | CN¥1.09 Billion | 100.00% |
Harbin Xinguang Optic Electronics Competitors by Market Cap
The table below lists competitors of Harbin Xinguang Optic Electronics ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nesco Limited
NSE:NESCO
|
$935.50 Million |
|
Hangzhou Bio-Sincerity Pharma-Tech Co.Ltd.
SHE:301096
|
$936.00 Million |
|
Shandong Fengyuan Chemical Co Ltd
SHE:002805
|
$936.44 Million |
|
Procter & Gamble Health Limited
NSE:PGHL
|
$936.52 Million |
|
Shenzhen Sosen Electronics Co.Ltd.
SHE:301002
|
$935.27 Million |
|
Mingchen Health Co Ltd Class A
SHE:002919
|
$935.25 Million |
|
Jiangsu High Hope International Group Corp
SHG:600981
|
$935.19 Million |
|
Yuanli Chemical Group Co Ltd
SHG:603217
|
$935.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harbin Xinguang Optic Electronics's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,141,495,124 to 1,092,166,882, a change of -49,328,243 (-4.3%).
- Net loss of 67,958,363 reduced equity.
- Dividend payments of 19,210 reduced retained earnings.
- Other factors increased equity by 18,649,331.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-67.96 Million | -6.22% |
| Dividends Paid | CN¥19.21K | -0.0% |
| Other Changes | CN¥18.65 Million | +1.71% |
| Total Change | CN¥- | -4.32% |
Book Value vs Market Value Analysis
This analysis compares Harbin Xinguang Optic Electronics'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: 5.85x
- 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 increased from 3.44x to 5.85x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥18.57 | CN¥63.93 | x |
| 2018-12-31 | CN¥3.97 | CN¥63.93 | x |
| 2019-12-31 | CN¥12.24 | CN¥63.93 | x |
| 2020-12-31 | CN¥12.30 | CN¥63.93 | x |
| 2021-12-31 | CN¥12.31 | CN¥63.93 | x |
| 2022-12-31 | CN¥11.92 | CN¥63.93 | x |
| 2023-12-31 | CN¥11.41 | CN¥63.93 | x |
| 2024-12-31 | CN¥10.92 | CN¥63.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harbin Xinguang Optic Electronics 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): -6.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -39.52%
- • Asset Turnover: 0.14x
- • Equity Multiplier: 1.16x
- Recent ROE (-6.22%) is below the historical average (6.94%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 33.06% | 42.15% | 0.29x | 2.69x | CN¥46.62 Million |
| 2017 | 9.70% | 22.08% | 0.25x | 1.75x | CN¥-1.23 Million |
| 2018 | 24.39% | 34.87% | 0.47x | 1.49x | CN¥42.88 Million |
| 2019 | 4.94% | 31.57% | 0.15x | 1.06x | CN¥-61.90 Million |
| 2020 | 1.97% | 19.50% | 0.09x | 1.08x | CN¥-98.80 Million |
| 2021 | 0.15% | 1.27% | 0.10x | 1.12x | CN¥-121.25 Million |
| 2022 | -2.07% | -16.46% | 0.11x | 1.14x | CN¥-143.83 Million |
| 2023 | -3.43% | -24.14% | 0.12x | 1.15x | CN¥-153.32 Million |
| 2024 | -6.22% | -39.52% | 0.14x | 1.16x | CN¥-177.18 Million |
Industry Comparison
This section compares Harbin Xinguang Optic Electronics'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 |
|---|---|---|---|---|
| Harbin Xinguang Optic Electronics (688011) | CN¥1.07 Billion | 33.06% | 0.15x | $935.50 Million |
| 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 Harbin Xinguang Optic Electronics
Harbin Xinguang Optic-Electronics Technology Co.,Ltd. engages in the research and development, production, and sale of optoelectronic products in China. The company offers optical guidance systems, including optical imaging and non-imaging guidance; visible light optical imaging guidance simulators, solar simulators; infrared medium wave, and long wave optical guidance simulators; laser simulator… Read more