Harbin Xinguang Optic Electronics (688011) - Net Assets

Latest as of March 2026: CN¥1.05 Billion CNY ≈ $153.24 Million USD

Based on the latest financial reports, Harbin Xinguang Optic Electronics (688011) has net assets worth CN¥1.05 Billion CNY (≈ $153.24 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¥1.22 Billion ≈ $178.80 Million USD) and total liabilities (CN¥174.65 Million ≈ $25.56 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 how tangible is Harbin Xinguang Optic Electronics's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.05 Billion
% of Total Assets	85.71%
Annual Growth Rate	20.15%
5-Year Change	-14.71%
10-Year Change	N/A
Growth Volatility	101.73

Harbin Xinguang Optic Electronics - Net Assets Trend (2016–2025)

This chart illustrates how Harbin Xinguang Optic Electronics's net assets have evolved over time, based on quarterly financial data. See Harbin Xinguang Optic Electronics (688011) defensive interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Harbin Xinguang Optic Electronics (2016–2025)

The table below shows the annual net assets of Harbin Xinguang Optic Electronics from 2016 to 2025. For live valuation and market cap data, see Harbin Xinguang Optic Electronics market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥1.05 Billion ≈ $154.34 Million	-3.37%
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 147.7% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Other Components	CN¥1.14 Billion	107.78%
Total Equity	CN¥1.06 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
Changzhou Galaxy Century Microelectronics Co Ltd SHG:688689	$883.15 Million
Henan Tong-Da Cable Co Ltd SHE:002560	$883.34 Million
Guangdong Haomei New Material Co Lt SHE:002988	$883.40 Million
Shenzhen Tellus Holding Co Ltd SHE:000025	$883.40 Million
GSP Automotive Group Wenzhou Co Ltd SHG:605088	$882.84 Million
Anhui Xinlong Electrical Co Ltd SHE:002298	$882.66 Million
Minerals 260 Ltd AU:MI6	$882.12 Million
PPHE Hotel Group Ltd F:32P	$881.95 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 2024 to 2025, total equity changed from 1,092,166,881 to 1,056,124,817, a change of -36,042,064 (-3.3%).
Net loss of 37,665,300 reduced equity.
Other comprehensive income decreased equity by 33,457,996.
Other factors increased equity by 35,081,232.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-37.67 Million	-3.57%
Other Comprehensive Income	CN¥-33.46 Million	-3.17%
Other Changes	CN¥35.08 Million	+3.32%
Total Change	CN¥-	-3.30%

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: 5.71x
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 22.42x to 5.71x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2016-12-31	CN¥2.69	CN¥60.35	x
2017-12-31	CN¥5.56	CN¥60.35	x
2018-12-31	CN¥3.97	CN¥60.35	x
2019-12-31	CN¥14.32	CN¥60.35	x
2020-12-31	CN¥12.30	CN¥60.35	x
2021-12-31	CN¥12.14	CN¥60.35	x
2022-12-31	CN¥11.93	CN¥60.35	x
2023-12-31	CN¥11.42	CN¥60.35	x
2024-12-31	CN¥10.93	CN¥60.35	x
2025-12-31	CN¥10.57	CN¥60.35	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): -3.57%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -32.48%
• Asset Turnover: 0.09x
• Equity Multiplier: 1.16x
Recent ROE (-3.57%) is below the historical average (5.89%), 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
2025	-3.57%	-32.48%	0.09x	1.16x	CN¥-143.28 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: $21,404,927,234
Average return on equity (ROE) among peers: 44.10%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Harbin Xinguang Optic Electronics (688011)	CN¥1.05 Billion	33.06%	0.17x	$883.11 Million
Shenzhen Zhongheng Huafa Co Ltd Class A (000020)	$276.94 Million	3.75%	1.41x	$305.93 Million
Shenzhen Desay Battery Technology Co Ltd (000049)	$202.23 Million	1.58%	1.20x	$1.35 Billion
Shenzhen Huakong Seg Co Ltd (000068)	$116.44 Million	-93.06%	2.61x	$481.70 Million
CPT Technology Group Co Ltd (000536)	$52.05 Million	490.89%	0.65x	$1.46 Billion
Guangdong Fenghua Advanced Technology Holding Co Ltd (000636)	$5.53 Billion	18.40%	0.27x	$12.63 Billion
Xiamen Xindeco Ltd (000701)	$920.35 Million	5.21%	1.79x	$491.49 Million
BOE Technology Group Co Ltd (000725)	$197.80 Billion	1.29%	1.12x	$34.84 Billion
China Zhenhua Group Science & Technology Co Ltd (000733)	$2.43 Billion	3.50%	0.53x	$4.85 Billion
Beijing Zhong Ke San Huan High-Tech Co Ltd (000970)	$5.48 Billion	2.36%	0.29x	$2.66 Billion
Guizhou Space Appliance Co Ltd (002025)	$1.25 Billion	7.05%	0.10x	$4.23 Billion

About Harbin Xinguang Optic Electronics

SHG:688011 China Electronic Components

Market Cap

$883.11 Million

CN¥6.04 Billion CNY

Market Cap Rank

#9624 Global

#2535 in China

Share Price

CN¥60.35

Change (1 day)

-0.17%

52-Week Range

CN¥23.52 - CN¥76.18

All Time High

CN¥103.13