Hoymiles Power Electronics Inc (688032) - Net Assets
Based on the latest financial reports, Hoymiles Power Electronics Inc (688032) has net assets worth CN¥5.83 Billion CNY (≈ $853.39 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¥7.77 Billion ≈ $1.14 Billion USD) and total liabilities (CN¥1.94 Billion ≈ $283.20 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 financial resilience of Hoymiles Power Electronics Inc to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.83 Billion |
| % of Total Assets | 75.08% |
| Annual Growth Rate | 64.41% |
| 5-Year Change | 1585.48% |
| 10-Year Change | N/A |
| Growth Volatility | 515.74 |
Hoymiles Power Electronics Inc - Net Assets Trend (2017–2024)
This chart illustrates how Hoymiles Power Electronics Inc's net assets have evolved over time, based on quarterly financial data. Also explore Hoymiles Power Electronics Inc (688032) total assets for the complete picture of this company's asset base.
Annual Net Assets for Hoymiles Power Electronics Inc (2017–2024)
The table below shows the annual net assets of Hoymiles Power Electronics Inc from 2017 to 2024. For live valuation and market cap data, see Hoymiles Power Electronics Inc stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.36 Billion ≈ $930.21 Million |
-0.35% |
| 2023-12-31 | CN¥6.38 Billion ≈ $933.47 Million |
-0.46% |
| 2022-12-31 | CN¥6.41 Billion ≈ $937.78 Million |
+7.07% |
| 2021-12-31 | CN¥5.99 Billion ≈ $875.83 Million |
+1486.96% |
| 2020-12-31 | CN¥377.15 Million ≈ $55.19 Million |
+37.46% |
| 2019-12-31 | CN¥274.38 Million ≈ $40.15 Million |
+33.30% |
| 2018-12-31 | CN¥205.84 Million ≈ $30.12 Million |
+5.17% |
| 2017-12-31 | CN¥195.73 Million ≈ $28.64 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hoymiles Power Electronics Inc'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 66929761394.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥637.69 Million | 10.03% |
| Common Stock | CN¥124.07 Million | 1.95% |
| Other Comprehensive Income | CN¥98.91 Million | 1.56% |
| Other Components | CN¥5.50 Billion | 86.46% |
| Total Equity | CN¥6.36 Billion | 100.00% |
Hoymiles Power Electronics Inc Competitors by Market Cap
The table below lists competitors of Hoymiles Power Electronics Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
JOYY Inc
NASDAQ:JOYY
|
$2.09 Billion |
|
MVV Energie AG
F:MVV1
|
$2.09 Billion |
|
Construcciones y Auxiliar de Ferrocarriles S.A.
MC:CAF
|
$2.09 Billion |
|
Beijing Originwater Technology
SHE:300070
|
$2.09 Billion |
|
MLS Co Ltd
SHE:002745
|
$2.09 Billion |
|
The Navigator Company SA
LS:NVG
|
$2.09 Billion |
|
I-Chiun Precision Industry Co Ltd
TW:2486
|
$2.09 Billion |
|
Capri Global Capital Limited
NSE:CGCL
|
$2.09 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hoymiles Power Electronics Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,377,407,691 to 6,357,310,501, a change of -20,097,190 (-0.3%).
- Net income of 344,217,455 contributed positively to equity growth.
- Dividend payments of 297,477,750 reduced retained earnings.
- Share repurchases of 123,903,726 reduced equity.
- Other comprehensive income increased equity by 98,905,510.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥344.22 Million | +5.41% |
| Dividends Paid | CN¥297.48 Million | -4.68% |
| Share Repurchases | CN¥123.90 Million | -1.95% |
| Other Comprehensive Income | CN¥98.91 Million | +1.56% |
| Other Changes | CN¥-41.84 Million | -0.66% |
| Total Change | CN¥- | -0.32% |
Book Value vs Market Value Analysis
This analysis compares Hoymiles Power Electronics Inc'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: 2.23x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 19.80x to 2.23x 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¥5.81 | CN¥115.00 | x |
| 2018-12-31 | CN¥6.46 | CN¥115.00 | x |
| 2019-12-31 | CN¥3.29 | CN¥115.00 | x |
| 2020-12-31 | CN¥4.52 | CN¥115.00 | x |
| 2021-12-31 | CN¥71.73 | CN¥115.00 | x |
| 2022-12-31 | CN¥76.80 | CN¥115.00 | x |
| 2023-12-31 | CN¥51.26 | CN¥115.00 | x |
| 2024-12-31 | CN¥51.53 | CN¥115.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hoymiles Power Electronics Inc 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): 5.41%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.27%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 1.31x
- Recent ROE (5.41%) is below the historical average (9.87%), 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 | -11.28% | -7.88% | 0.55x | 2.59x | CN¥-37.07 Million |
| 2018 | 8.18% | 5.17% | 0.28x | 5.67x | CN¥-3.52 Million |
| 2019 | 29.35% | 17.51% | 0.83x | 2.01x | CN¥53.10 Million |
| 2020 | 27.60% | 21.03% | 0.72x | 1.82x | CN¥66.39 Million |
| 2021 | 3.37% | 25.37% | 0.12x | 1.07x | CN¥-396.79 Million |
| 2022 | 8.31% | 34.66% | 0.21x | 1.14x | CN¥-108.29 Million |
| 2023 | 8.03% | 25.26% | 0.28x | 1.13x | CN¥-125.89 Million |
| 2024 | 5.41% | 17.27% | 0.24x | 1.31x | CN¥-291.51 Million |
Industry Comparison
This section compares Hoymiles Power Electronics Inc's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,542,980,118
- Average return on equity (ROE) among peers: 6.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hoymiles Power Electronics Inc (688032) | CN¥5.83 Billion | -11.28% | 0.33x | $2.09 Billion |
| XJ Electric Co Ltd (000400) | $1.49 Billion | 11.47% | 0.73x | $3.86 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $1.35 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.84 Billion | 10.28% | 0.11x | $1.03 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.27 Billion | 0.84% | 0.19x | $2.58 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.05 Billion | -0.83% | 4.35x | $864.19 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $18.42 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.82 Billion |
| Sieyuan Electric Co Ltd (002028) | $8.60 Billion | 13.93% | 0.62x | $23.55 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.70 Million | 4.41% | 0.38x | $525.19 Million |
| Gotion High tech Co Ltd (002074) | $497.13 Million | 7.34% | 0.88x | $10.24 Billion |
About Hoymiles Power Electronics Inc
Hoymiles Power Electronics Inc. engages in the manufacture and sale of module level power electronics (MLPE) solutions in China and internationally. It offers microinverters, data transfer units, energy storage, and rapid shutdown products, EV charger, battery, string inverter, as well as accessories, such as single- and multi- microinverter systems. The company also offers monitoring equipment, … Read more