Hillstone Networks Co Ltd
Hillstone Networks Co.,Ltd. provides an infrastructure protection solutions to enterprises and service providers. The company provides edge protection solutions; cloud protection and security management solutions; breach protection solutions; and application delivery controller solution, as well as technical support and training services. It offers zero-trust network access; extended detection an… Read more
Hillstone Networks Co Ltd (688030) - Net Assets
Latest net assets as of September 2025: CN¥848.92 Million CNY
Based on the latest financial reports, Hillstone Networks Co Ltd (688030) has net assets worth CN¥848.92 Million CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.99 Billion) and total liabilities (CN¥1.14 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥848.92 Million |
| % of Total Assets | 42.71% |
| Annual Growth Rate | 20.57% |
| 5-Year Change | -35.24% |
| 10-Year Change | N/A |
| Growth Volatility | 80.56 |
Hillstone Networks Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Hillstone Networks Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hillstone Networks Co Ltd (2016–2024)
The table below shows the annual net assets of Hillstone Networks Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥923.05 Million | -14.56% |
| 2023-12-31 | CN¥1.08 Billion | -18.20% |
| 2022-12-31 | CN¥1.32 Billion | -12.33% |
| 2021-12-31 | CN¥1.51 Billion | +5.69% |
| 2020-12-31 | CN¥1.43 Billion | +3.37% |
| 2019-12-31 | CN¥1.38 Billion | +231.21% |
| 2018-12-31 | CN¥416.34 Million | +91.35% |
| 2017-12-31 | CN¥217.58 Million | +5.26% |
| 2016-12-31 | CN¥206.72 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hillstone Networks 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 decreased by 34639355219.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥180.23 Million | 19.54% |
| Other Comprehensive Income | CN¥85.78 Million | 9.30% |
| Other Components | CN¥1.20 Billion | 130.31% |
| Total Equity | CN¥922.50 Million | 100.00% |
Hillstone Networks Co Ltd Competitors by Market Cap
The table below lists competitors of Hillstone Networks Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
ARTS Group Co Ltd
SHG:603017
|
$231.84 Million |
|
Worldex Industry & Trading Co. Ltd
KQ:101160
|
$231.87 Million |
|
Taimide Tech Inc
TW:3645
|
$231.88 Million |
|
PAN Group JSC
VN:PAN
|
$231.96 Million |
|
BAF Viet Nam Agriculture JSC
VN:BAF
|
$231.66 Million |
|
Takara Leben Co. Ltd
F:TDI
|
$231.64 Million |
|
Shanghai Shine-Link Intl
SHG:603648
|
$231.59 Million |
|
Logo Yazilim Sanayi ve Ticaret AS
IS:LOGO
|
$231.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hillstone Networks Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,078,942,643 to 922,498,947, a change of -156,443,696 (-14.5%).
- Net loss of 137,208,201 reduced equity.
- Dividend payments of 7,115,193 reduced retained earnings.
- Share repurchases of 16,301,904 reduced equity.
- Other comprehensive income decreased equity by 3,006,204.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-137.21 Million | -14.87% |
| Dividends Paid | CN¥7.12 Million | -0.77% |
| Share Repurchases | CN¥16.30 Million | -1.77% |
| Other Comprehensive Income | CN¥-3.01 Million | -0.33% |
| Other Changes | CN¥7.19 Million | +0.78% |
| Total Change | CN¥- | -14.50% |
Book Value vs Market Value Analysis
This analysis compares Hillstone Networks 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: 3.32x
- 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 11.12x to 3.32x 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¥1.53 | CN¥17.00 | x |
| 2017-12-31 | CN¥1.61 | CN¥17.00 | x |
| 2018-12-31 | CN¥3.08 | CN¥17.00 | x |
| 2019-12-31 | CN¥7.65 | CN¥17.00 | x |
| 2020-12-31 | CN¥7.91 | CN¥17.00 | x |
| 2021-12-31 | CN¥8.35 | CN¥17.00 | x |
| 2022-12-31 | CN¥7.31 | CN¥17.00 | x |
| 2023-12-31 | CN¥5.99 | CN¥17.00 | x |
| 2024-12-31 | CN¥5.12 | CN¥17.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hillstone Networks 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): -14.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.77%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 2.15x
- Recent ROE (-14.87%) is below the historical average (1.06%), 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 | 0.57% | 0.36% | 1.01x | 1.56x | CN¥-19.49 Million |
| 2017 | 27.60% | 12.97% | 1.15x | 1.85x | CN¥38.29 Million |
| 2018 | 16.55% | 12.26% | 0.75x | 1.79x | CN¥27.28 Million |
| 2019 | 6.60% | 13.50% | 0.42x | 1.18x | CN¥-46.85 Million |
| 2020 | 4.23% | 8.30% | 0.40x | 1.26x | CN¥-82.31 Million |
| 2021 | 5.01% | 7.35% | 0.53x | 1.29x | CN¥-75.20 Million |
| 2022 | -13.96% | -22.67% | 0.38x | 1.61x | CN¥-315.82 Million |
| 2023 | -22.23% | -26.61% | 0.49x | 1.72x | CN¥-347.71 Million |
| 2024 | -14.87% | -13.77% | 0.50x | 2.15x | CN¥-229.46 Million |
Industry Comparison
This section compares Hillstone Networks Co Ltd's net assets metrics with peer companies in the Software - Infrastructure industry.
Industry Context
- Industry: Software - Infrastructure
- Average net assets among peers: $1,637,103,223
- Average return on equity (ROE) among peers: -51.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hillstone Networks Co Ltd (688030) | CN¥848.92 Million | 0.57% | 1.34x | $231.84 Million |
| Eastcompeace Technology Co Ltd (002017) | $418.66 Million | 5.29% | 0.42x | $898.39 Million |
| Wiscom System Co Ltd (002090) | $135.58 Million | 19.66% | 1.16x | $607.71 Million |
| Topsec Technologies Group Inc (002212) | $1.70 Billion | 5.53% | 0.32x | $1.09 Billion |
| Focus Technology Co Ltd (002315) | $120.67 Million | 53.17% | 0.63x | $904.68 Million |
| Beijing Venustech Inc (002439) | $1.80 Billion | 13.57% | 0.57x | $1.27 Billion |
| Maxvision Technology Corp (002990) | $199.04 Million | 23.56% | 1.02x | $346.02 Million |
| Wangsu Science Tech (300017) | $7.97 Billion | 10.42% | 0.29x | $4.01 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $3.45 Billion | 3.82% | 0.75x | $921.82 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $515.71 Million | 3.50% | 0.02x | $2.45 Billion |
| TIZA Information Industry Corporation Inc (300209) | $56.50 Million | -649.13% | 13.39x | $1.01 Billion |