Leader Harmonious Drive Systems Co Ltd (688017) - Net Assets

Latest as of June 2026: CN¥3.61 Billion CNY ≈ $528.93 Million USD

Based on the latest financial reports, Leader Harmonious Drive Systems Co Ltd (688017) has net assets worth CN¥3.61 Billion CNY (≈ $528.93 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.09 Billion ≈ $597.89 Million USD) and total liabilities (CN¥471.27 Million ≈ $68.96 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. See Leader Harmonious Drive Systems Co Ltd balance sheet independence to measure how much of total assets are equity-financed.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.61 Billion
% of Total Assets	88.47%
Annual Growth Rate	49.63%
5-Year Change	305.68%
10-Year Change	N/A
Growth Volatility	57.79

Leader Harmonious Drive Systems Co Ltd - Net Assets Trend (2017–2025)

This chart illustrates how Leader Harmonious Drive Systems Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 688017 stock market capitalisation.

Annual Net Assets for Leader Harmonious Drive Systems Co Ltd (2017–2025)

The table below shows the annual net assets of Leader Harmonious Drive Systems Co Ltd from 2017 to 2025. Also explore Leader Harmonious Drive Systems Co Ltd net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥7.44 Billion ≈ $1.09 Billion	+116.94%
2024-12-31	CN¥3.43 Billion ≈ $501.95 Million	+70.00%
2023-12-31	CN¥2.02 Billion ≈ $295.27 Million	+4.30%
2022-12-31	CN¥1.93 Billion ≈ $283.09 Million	+5.47%
2021-12-31	CN¥1.83 Billion ≈ $268.42 Million	+9.66%
2020-12-31	CN¥1.67 Billion ≈ $244.77 Million	+165.87%
2019-12-31	CN¥629.16 Million ≈ $92.07 Million	+10.17%
2018-12-31	CN¥571.10 Million ≈ $83.57 Million	+92.87%
2017-12-31	CN¥296.10 Million ≈ $43.33 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Leader Harmonious Drive Systems 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 600.2% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥523.31 Million	14.90%
Other Comprehensive Income	CN¥3.51 Billion	99.82%
Total Equity	CN¥3.51 Billion	100.00%

Leader Harmonious Drive Systems Co Ltd Competitors by Market Cap

The table below lists competitors of Leader Harmonious Drive Systems Co Ltd ranked by their market capitalization.

Company	Market Cap
The Hanover Insurance Group Inc NYSE:THG	$7.91 Billion
Dosilicon Co Ltd SHG:688110	$7.92 Billion
Steel Authority of India Limited NSE:SAIL	$7.92 Billion
China Molybdenum Co. Ltd F:D7N	$7.93 Billion
Fortune Electric Co Ltd TW:1519	$7.89 Billion
National Retail Properties Inc NYSE:NNN	$7.89 Billion
ICICI Lombard General Insurance Company Limited NSE:ICICIGI	$7.88 Billion
Jackson Financial Inc NYSE:JXN	$7.87 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Leader Harmonious Drive Systems Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 3,425,332,272 to 3,512,376,000, a change of 87,043,728 (2.5%).
Net income of 124,916,514 contributed positively to equity growth.
Dividend payments of 22,369,719 reduced retained earnings.
Other comprehensive income increased equity by 3,506,206,000.
Other factors decreased equity by 3,521,709,067.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥124.92 Million	+3.56%
Dividends Paid	CN¥22.37 Million	-0.64%
Other Comprehensive Income	CN¥3.51 Billion	+99.82%
Other Changes	CN¥-3.52 Billion	-100.27%
Total Change	CN¥-	2.54%

Book Value vs Market Value Analysis

This analysis compares Leader Harmonious Drive Systems 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: 15.78x
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 124.80x to 15.78x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	CN¥2.36	CN¥294.22	x
2018-12-31	CN¥4.53	CN¥294.22	x
2019-12-31	CN¥5.00	CN¥294.22	x
2020-12-31	CN¥11.93	CN¥294.22	x
2021-12-31	CN¥10.90	CN¥294.22	x
2022-12-31	CN¥11.48	CN¥294.22	x
2023-12-31	CN¥11.93	CN¥294.22	x
2024-12-31	CN¥20.23	CN¥294.22	x
2025-12-31	CN¥18.65	CN¥294.22	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Leader Harmonious Drive Systems 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): 3.56%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 21.96%
• Asset Turnover: 0.14x
• Equity Multiplier: 1.12x
Recent ROE (3.56%) is below the historical average (7.73%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2017	16.36%	27.65%	0.48x	1.23x	CN¥18.89 Million
2018	11.35%	29.64%	0.35x	1.11x	CN¥7.76 Million
2019	9.26%	31.46%	0.26x	1.15x	CN¥-4.70 Million
2020	4.90%	37.90%	0.12x	1.07x	CN¥-85.57 Million
2021	10.30%	42.67%	0.21x	1.13x	CN¥5.49 Million
2022	8.02%	34.84%	0.18x	1.25x	CN¥-38.31 Million
2023	4.18%	23.63%	0.13x	1.40x	CN¥-117.10 Million
2024	1.64%	14.50%	0.10x	1.10x	CN¥-286.37 Million
2025	3.56%	21.96%	0.14x	1.12x	CN¥-226.32 Million

Industry Comparison

This section compares Leader Harmonious Drive Systems Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $916,926,324
Average return on equity (ROE) among peers: 3.91%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Leader Harmonious Drive Systems Co Ltd (688017)	CN¥3.61 Billion	16.36%	0.13x	$7.89 Billion
Huayi Compressor Co Ltd (000404)	$1.12 Billion	9.22%	3.23x	$700.70 Million
Shenyang Machine Tool Co Ltd (000410)	$1.55 Billion	9.14%	5.77x	$2.16 Billion
North Industries Group Red Arrow Co Ltd (000519)	$137.29 Million	0.92%	0.66x	$3.14 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$1.06 Billion	6.63%	0.45x	$457.86 Million
Changchai Co Ltd (000570)	$376.02 Million	53.26%	1.68x	$427.72 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$1.12 Billion	-70.12%	3.14x	$32.29 Million
Baota Industry Co Ltd (000595)	$434.81 Million	0.07%	1.59x	$878.09 Million
SUFA Technology Industry Co Ltd CNNC (000777)	$2.00 Billion	11.10%	0.64x	$938.65 Million
J.S. Corrugating Machinery Co Ltd (000821)	$738.00 Million	11.68%	0.18x	$683.60 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$637.23 Million	7.17%	0.71x	$1.45 Billion

About Leader Harmonious Drive Systems Co Ltd

SHG:688017 China Specialty Industrial Machinery

Market Cap

$7.89 Billion

CN¥53.94 Billion CNY

Market Cap Rank

#2669 Global

#322 in China

Share Price

CN¥294.22

Change (1 day)

+1.24%

52-Week Range

CN¥141.92 - CN¥488.00

All Time High

CN¥488.00