Hangzhou Pinming Software Co. Ltd. A (688109) - Net Assets
Based on the latest financial reports, Hangzhou Pinming Software Co. Ltd. A (688109) has net assets worth CN¥793.22 Million CNY (≈ $116.07 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¥905.64 Million ≈ $132.52 Million USD) and total liabilities (CN¥112.42 Million ≈ $16.45 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 tangible net worth ratio of Hangzhou Pinming Software Co. Ltd. A to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥793.22 Million |
| % of Total Assets | 87.59% |
| Annual Growth Rate | 64.6% |
| 5-Year Change | 94.12% |
| 10-Year Change | 2160.69% |
| Growth Volatility | 107.11 |
Hangzhou Pinming Software Co. Ltd. A - Net Assets Trend (2013–2025)
This chart illustrates how Hangzhou Pinming Software Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. See Hangzhou Pinming Software Co. Ltd. A defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hangzhou Pinming Software Co. Ltd. A (2013–2025)
The table below shows the annual net assets of Hangzhou Pinming Software Co. Ltd. A from 2013 to 2025. For live valuation and market cap data, see market value of Hangzhou Pinming Software Co. Ltd. A.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.77 Billion ≈ $258.43 Million |
+125.15% |
| 2024-12-31 | CN¥784.39 Million ≈ $114.78 Million |
+0.67% |
| 2023-12-31 | CN¥779.19 Million ≈ $114.02 Million |
-5.12% |
| 2022-12-31 | CN¥821.21 Million ≈ $120.17 Million |
-9.74% |
| 2021-12-31 | CN¥909.78 Million ≈ $133.13 Million |
+225.66% |
| 2020-12-31 | CN¥279.36 Million ≈ $40.88 Million |
+38.50% |
| 2019-12-31 | CN¥201.70 Million ≈ $29.51 Million |
+32.42% |
| 2018-12-31 | CN¥152.32 Million ≈ $22.29 Million |
+35.72% |
| 2017-12-31 | CN¥112.23 Million ≈ $16.42 Million |
+43.65% |
| 2016-12-31 | CN¥78.12 Million ≈ $11.43 Million |
+231.31% |
| 2015-12-31 | CN¥23.58 Million ≈ $3.45 Million |
+325.95% |
| 2014-12-31 | CN¥5.54 Million ≈ $810.08K |
+23.94% |
| 2013-12-31 | CN¥4.47 Million ≈ $653.63K |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Pinming Software Co. Ltd. A'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 9735.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥131.54 Million | 16.53% |
| Other Comprehensive Income | CN¥795.95 Million | 100.00% |
| Total Equity | CN¥795.95 Million | 100.00% |
Hangzhou Pinming Software Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Hangzhou Pinming Software Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen SEG Co Ltd
SHE:000058
|
$955.37 Million |
|
Limbach Holdings Inc
NASDAQ:LMB
|
$955.47 Million |
|
Meren Energy
ST:MER
|
$955.53 Million |
|
Shanghai Zhongzhou Special Alloy Materials Co. Ltd.
SHE:300963
|
$955.70 Million |
|
Sweetgreen Inc
NYSE:SG
|
$955.13 Million |
|
Hubei Jiuzhiyang Infrared System Co Ltd
SHE:300516
|
$955.08 Million |
|
CWB Automotive Electronics Co Ltd
SHG:605005
|
$954.71 Million |
|
Sichuan Jinshi Technology Co Ltd Class A
SHE:002951
|
$954.15 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Pinming Software Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 784,393,559 to 795,953,151, a change of 11,559,592 (1.5%).
- Net income of 47,291,500 contributed positively to equity growth.
- Dividend payments of 52,924,724 reduced retained earnings.
- Other comprehensive income increased equity by 795,953,151.
- Other factors decreased equity by 778,760,335.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥47.29 Million | +5.94% |
| Dividends Paid | CN¥52.92 Million | -6.65% |
| Other Comprehensive Income | CN¥795.95 Million | +100.0% |
| Other Changes | CN¥-778.76 Million | -97.84% |
| Total Change | CN¥- | 1.47% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Pinming Software Co. Ltd. A'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: 8.20x
- 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 229.40x to 8.20x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-12-31 | CN¥0.36 | CN¥82.79 | x |
| 2014-12-31 | CN¥0.45 | CN¥82.79 | x |
| 2015-12-31 | CN¥1.19 | CN¥82.79 | x |
| 2016-12-31 | CN¥2.08 | CN¥82.79 | x |
| 2017-12-31 | CN¥1.89 | CN¥82.79 | x |
| 2018-12-31 | CN¥2.58 | CN¥82.79 | x |
| 2019-12-31 | CN¥3.41 | CN¥82.79 | x |
| 2020-12-31 | CN¥4.72 | CN¥82.79 | x |
| 2021-12-31 | CN¥12.31 | CN¥82.79 | x |
| 2022-12-31 | CN¥10.41 | CN¥82.79 | x |
| 2023-12-31 | CN¥10.03 | CN¥82.79 | x |
| 2024-12-31 | CN¥9.97 | CN¥82.79 | x |
| 2025-12-31 | CN¥10.10 | CN¥82.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Pinming Software Co. Ltd. A 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): 5.94%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.81%
- • Asset Turnover: 0.45x
- • Equity Multiplier: 1.22x
- Recent ROE (5.94%) is below the historical average (22.29%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | 29.58% | 4.22% | 1.08x | 6.47x | CN¥758.37K |
| 2014 | 14.18% | 2.09% | 1.55x | 4.36x | CN¥199.59K |
| 2015 | 59.54% | 27.65% | 1.44x | 1.49x | CN¥11.68 Million |
| 2016 | 36.45% | 29.08% | 0.94x | 1.33x | CN¥20.67 Million |
| 2017 | 29.94% | 23.06% | 1.01x | 1.29x | CN¥22.24 Million |
| 2018 | 36.65% | 25.20% | 1.10x | 1.33x | CN¥40.59 Million |
| 2019 | 36.83% | 26.26% | 1.06x | 1.32x | CN¥54.12 Million |
| 2020 | 34.95% | 25.70% | 1.03x | 1.32x | CN¥69.71 Million |
| 2021 | 6.89% | 13.18% | 0.46x | 1.14x | CN¥-28.30 Million |
| 2022 | -6.82% | -12.87% | 0.46x | 1.16x | CN¥-138.13 Million |
| 2023 | 1.60% | 2.85% | 0.48x | 1.17x | CN¥-65.49 Million |
| 2024 | 4.01% | 7.04% | 0.47x | 1.21x | CN¥-46.96 Million |
| 2025 | 5.94% | 10.81% | 0.45x | 1.22x | CN¥-32.30 Million |
Industry Comparison
This section compares Hangzhou Pinming Software Co. Ltd. A's net assets metrics with peer companies in the Software - Application industry.
Industry Context
- Industry: Software - Application
- Average net assets among peers: $4,025,217,489
- Average return on equity (ROE) among peers: 13.52%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Pinming Software Co. Ltd. A (688109) | CN¥793.22 Million | 29.58% | 0.14x | $955.16 Million |
| Digital China Information Service Co Ltd (000555) | $3.30 Billion | 10.62% | 1.23x | $1.61 Billion |
| Fujian Newland Computer Co Ltd (000997) | $654.33 Million | 6.35% | 0.51x | $2.63 Billion |
| YGSOFT Inc (002063) | $1.72 Billion | 7.06% | 0.19x | $1.47 Billion |
| Dhc Software Co Ltd (002065) | $145.16 Million | 27.99% | 1.22x | $3.43 Billion |
| Zhejiang Netsun Co Ltd (002095) | $48.97 Million | 27.57% | 0.69x | $492.96 Million |
| Montnets Cloud Technology Group Co Ltd (002123) | $112.46 Million | 31.50% | 0.93x | $913.40 Million |
| Beijing Shiji Information Technology Co Ltd (002153) | $5.40 Billion | 7.76% | 0.26x | $3.07 Billion |
| Shanghai 2345 Network Holding Group (002195) | $10.26 Billion | 0.32% | 0.02x | $5.91 Billion |
| Iflytek Co Ltd (002230) | $17.34 Billion | 8.98% | 0.81x | $14.98 Billion |
| Qiming Information Technology Co Ltd (002232) | $1.28 Billion | 7.10% | 0.51x | $891.37 Million |
About Hangzhou Pinming Software Co. Ltd. A
Pinming Technology Co., Ltd. engages in research and development, sale, and technical service of Internet of Things software and hardware systems, and related products. It develops calculation software, formwork design software, construction planning software, HiBIM software, and building information software. The company is also involved in the research and development, and sale of network equip… Read more