Hillstone Networks Co Ltd (688030) - Net Assets
Based on the latest financial reports, Hillstone Networks Co Ltd (688030) has net assets worth CN¥696.10 Million CNY (≈ $101.86 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¥1.88 Billion ≈ $274.88 Million USD) and total liabilities (CN¥1.18 Billion ≈ $173.02 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 688030 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥696.10 Million |
| % of Total Assets | 37.06% |
| Annual Growth Rate | 15.04% |
| 5-Year Change | -51.57% |
| 10-Year Change | N/A |
| Growth Volatility | 78.07 |
Hillstone Networks Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Hillstone Networks Co Ltd's net assets have evolved over time, based on quarterly financial data. See 688030 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hillstone Networks Co Ltd (2016–2025)
The table below shows the annual net assets of Hillstone Networks Co Ltd from 2016 to 2025. For live valuation and market cap data, see Hillstone Networks Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥729.63 Million ≈ $106.77 Million |
-20.95% |
| 2024-12-31 | CN¥923.05 Million ≈ $135.07 Million |
-14.56% |
| 2023-12-31 | CN¥1.08 Billion ≈ $158.08 Million |
-18.20% |
| 2022-12-31 | CN¥1.32 Billion ≈ $193.26 Million |
-12.33% |
| 2021-12-31 | CN¥1.51 Billion ≈ $220.44 Million |
+5.69% |
| 2020-12-31 | CN¥1.43 Billion ≈ $208.58 Million |
+3.37% |
| 2019-12-31 | CN¥1.38 Billion ≈ $201.78 Million |
+231.21% |
| 2018-12-31 | CN¥416.34 Million ≈ $60.92 Million |
+91.35% |
| 2017-12-31 | CN¥217.58 Million ≈ $31.84 Million |
+5.26% |
| 2016-12-31 | CN¥206.72 Million ≈ $30.25 Million |
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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 53993650912.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥1.47 Billion | 201.07% |
| Total Equity | CN¥731.39 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 |
|---|---|
|
Canada Goose Holdings Inc
TO:GOOS
|
$448.90 Million |
|
Frp Holdings Ord
NASDAQ:FRPH
|
$448.97 Million |
|
Cerence Inc
NASDAQ:CRNC
|
$448.99 Million |
|
AB Sagax (publ)
ST:SAGA-D
|
$449.07 Million |
|
Chengdu Tianjian Technology Co Ltd
SHE:002977
|
$448.75 Million |
|
Iteos Therapeutics Inc
NASDAQ:ITOS
|
$448.68 Million |
|
Wave Cyber Shanghai Co Ltd
SHG:688718
|
$448.51 Million |
|
Energy Recovery Inc
NASDAQ:ERII
|
$448.44 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 2024 to 2025, total equity changed from 922,498,947 to 731,391,610, a change of -191,107,337 (-20.7%).
- Net loss of 192,190,300 reduced equity.
- Dividend payments of 12,557,593 reduced retained earnings.
- Other comprehensive income decreased equity by 85,775,426.
- Other factors increased equity by 99,415,982.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-192.19 Million | -26.28% |
| Dividends Paid | CN¥12.56 Million | -1.72% |
| Other Comprehensive Income | CN¥-85.78 Million | -11.73% |
| Other Changes | CN¥99.42 Million | +13.59% |
| Total Change | CN¥- | -20.72% |
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: 4.19x
- 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 11.13x to 4.19x 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¥17.02 | x |
| 2017-12-31 | CN¥1.61 | CN¥17.02 | x |
| 2018-12-31 | CN¥3.08 | CN¥17.02 | x |
| 2019-12-31 | CN¥9.42 | CN¥17.02 | x |
| 2020-12-31 | CN¥7.91 | CN¥17.02 | x |
| 2021-12-31 | CN¥8.35 | CN¥17.02 | x |
| 2022-12-31 | CN¥7.31 | CN¥17.02 | x |
| 2023-12-31 | CN¥5.99 | CN¥17.02 | x |
| 2024-12-31 | CN¥5.12 | CN¥17.02 | x |
| 2025-12-31 | CN¥4.06 | CN¥17.02 | 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): -26.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -21.09%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 2.68x
- Recent ROE (-26.28%) is below the historical average (-1.67%), 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 | -13.84% | -22.48% | 0.38x | 1.61x | CN¥-314.31 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 |
| 2025 | -26.28% | -21.09% | 0.46x | 2.68x | CN¥-265.33 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: $2,369,628,476
- Average return on equity (ROE) among peers: 7.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hillstone Networks Co Ltd (688030) | CN¥696.10 Million | 0.57% | 1.70x | $448.89 Million |
| Eastcompeace Technology Co Ltd (002017) | $1.40 Billion | 2.82% | 0.50x | $1.37 Billion |
| Wiscom System Co Ltd (002090) | $1.28 Billion | 11.99% | 2.10x | $544.55 Million |
| Topsec Technologies Group Inc (002212) | $1.13 Billion | 11.10% | 0.11x | $1.08 Billion |
| Focus Technology Co Ltd (002315) | $1.93 Billion | 3.80% | 0.33x | $1.14 Billion |
| Beijing Venustech Inc (002439) | $2.26 Billion | 11.74% | 0.44x | $2.30 Billion |
| Maxvision Technology Corp (002990) | $2.02 Billion | 8.85% | 0.50x | $2.06 Billion |
| Wangsu Science Tech (300017) | $8.69 Billion | 2.53% | 0.17x | $5.18 Billion |
| Shenzhen Tianyuan Dic Info Tech (300047) | $3.14 Billion | 6.87% | 0.49x | $924.82 Million |
| Shenzhen InfoGem Technologies Co Ltd (300085) | $993.99 Million | 8.13% | 0.50x | $2.88 Billion |
| TIZA Information Industry Corporation Inc (300209) | $850.34 Million | 6.34% | 0.10x | $3.86 Billion |
About 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