Leader Harmonious Drive Systems Co Ltd (688017) - Net Assets
Based on the latest financial reports, Leader Harmonious Drive Systems Co Ltd (688017) has net assets worth CN¥3.51 Billion CNY (≈ $513.97 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¥3.90 Billion ≈ $569.98 Million USD) and total liabilities (CN¥382.77 Million ≈ $56.01 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 688017 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.51 Billion |
| % of Total Assets | 90.17% |
| Annual Growth Rate | 41.9% |
| 5-Year Change | 105.07% |
| 10-Year Change | N/A |
| Growth Volatility | 57.24 |
Leader Harmonious Drive Systems Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Leader Harmonious Drive Systems Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Leader Harmonious Drive Systems Co Ltd (688017) total assets for the complete picture of this company's asset base.
Annual Net Assets for Leader Harmonious Drive Systems Co Ltd (2017–2024)
The table below shows the annual net assets of Leader Harmonious Drive Systems Co Ltd from 2017 to 2024. For live valuation and market cap data, see 688017 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 476.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥430.97 Million | 12.58% |
| Common Stock | CN¥168.76 Million | 4.93% |
| Other Components | CN¥2.83 Billion | 82.49% |
| Total Equity | CN¥3.43 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 |
|---|---|
|
Enact Holdings Inc
NASDAQ:ACT
|
$6.01 Billion |
|
Shan Dong Sun Paper Industry Joint Stock Co Ltd
SHE:002078
|
$6.02 Billion |
|
Gruma S.A.B. de C.V.
MX:GRUMAB
|
$6.02 Billion |
|
Innolux Corp
TW:3481
|
$6.02 Billion |
|
JBTMarel Corp
NYSE:JBTM
|
$6.01 Billion |
|
Reece Ltd
AU:REH
|
$6.01 Billion |
|
Nexans S.A.
PA:NEX
|
$6.01 Billion |
|
Shanghai Friendess Electronics Tech
SHG:688188
|
$5.99 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 2023 to 2024, total equity changed from 2,012,527,249 to 3,425,332,272, a change of 1,412,805,023 (70.2%).
- Net income of 56,168,153 contributed positively to equity growth.
- Dividend payments of 63,066,887 reduced retained earnings.
- Other factors increased equity by 1,419,703,757.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥56.17 Million | +1.64% |
| Dividends Paid | CN¥63.07 Million | -1.84% |
| Other Changes | CN¥1.42 Billion | +41.45% |
| Total Change | CN¥- | 70.20% |
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: 11.08x
- 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 95.07x to 11.08x 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¥224.12 | x |
| 2018-12-31 | CN¥4.53 | CN¥224.12 | x |
| 2019-12-31 | CN¥5.00 | CN¥224.12 | x |
| 2020-12-31 | CN¥11.93 | CN¥224.12 | x |
| 2021-12-31 | CN¥10.90 | CN¥224.12 | x |
| 2022-12-31 | CN¥11.48 | CN¥224.12 | x |
| 2023-12-31 | CN¥11.93 | CN¥224.12 | x |
| 2024-12-31 | CN¥20.23 | CN¥224.12 | 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): 1.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.50%
- • Asset Turnover: 0.10x
- • Equity Multiplier: 1.10x
- Recent ROE (1.64%) is below the historical average (8.25%), 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 |
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: $2,122,638,577
- Average return on equity (ROE) among peers: 4.93%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leader Harmonious Drive Systems Co Ltd (688017) | CN¥3.51 Billion | 16.36% | 0.11x | $6.01 Billion |
| Huayi Compressor Co Ltd (000404) | $5.19 Billion | 6.97% | 1.68x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $709.50 Million | 6.14% | 1.68x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $7.53 Billion | 1.67% | 0.29x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $2.71 Billion | 4.79% | 0.50x | $520.37 Million |
| Changchai Co Ltd (000570) | $1.86 Billion | 2.98% | 0.67x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $315.25 Million | 5.68% | 1.39x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $436.15 Million | 1.59% | 1.56x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $969.93 Million | 5.96% | 0.61x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.11 Billion | 3.64% | 0.40x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $393.52 Million | 9.87% | 0.54x | $1.66 Billion |
About Leader Harmonious Drive Systems Co Ltd
Leader Harmonious Drive Systems Co., Ltd. engages in the research, development, manufacture, and sales of strain wave reducers in China and internationally. It offers strain wave gears, rotary actuators, frameless direct drive torque motors, and rotary tables for aerospace robotics; automated packaging equipment; industrial robot automation components; industrial laser cutting technology; robotic… Read more