Hwatsing Technology Co. Ltd. A
Hwatsing Technology Co., Ltd. manufactures semiconductor equipment products in China. The company offers chemical mechanical polishers, implanters, grinders, bevel polishers, dicers, wet process and film metrology equipment, wafer regeneration and reclaim services, and consumables and maintenance services. It also provides on site; process support; system griding and polishing solutions; point to… Read more
Hwatsing Technology Co. Ltd. A (688120) - Net Assets
Latest net assets as of June 2025: CN¥6.99 Billion CNY
Based on the latest financial reports, Hwatsing Technology Co. Ltd. A (688120) has net assets worth CN¥6.99 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥12.25 Billion) and total liabilities (CN¥5.27 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¥6.99 Billion |
| % of Total Assets | 57.03% |
| Annual Growth Rate | 80.66% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 204.04 |
Hwatsing Technology Co. Ltd. A - Net Assets Trend (2020–2024)
This chart illustrates how Hwatsing Technology Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hwatsing Technology Co. Ltd. A (2020–2024)
The table below shows the annual net assets of Hwatsing Technology Co. Ltd. A from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.48 Billion | +17.45% |
| 2023-12-31 | CN¥5.52 Billion | +15.17% |
| 2022-12-31 | CN¥4.79 Billion | +492.77% |
| 2021-12-31 | CN¥808.21 Million | +32.84% |
| 2020-12-31 | CN¥608.39 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hwatsing Technology 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 2236.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.26 Billion | 34.93% |
| Other Components | CN¥4.21 Billion | 65.07% |
| Total Equity | CN¥6.47 Billion | 100.00% |
Hwatsing Technology Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Hwatsing Technology Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Global Net Lease Inc.
NYSE:GNL-PE
|
$4.92 Billion |
|
Max Financial Services Limited
NSE:MFSL
|
$4.92 Billion |
|
SGH Limited
F:9SG0
|
$4.92 Billion |
|
West Fraser Timber Co Ltd
NYSE:WFG
|
$4.93 Billion |
|
Coca-Cola FEMSA S.A.B. de C.V
PINK:COCSF
|
$4.91 Billion |
|
Core Natural Resources, Inc.
NYSE:CNR
|
$4.91 Billion |
|
Lien Viet Post Joint Stock Commercial Bank
VN:LPB
|
$4.91 Billion |
|
Ameris Bancorp
NASDAQ:ABCB
|
$4.91 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hwatsing Technology Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,517,735,976 to 6,473,073,314, a change of 955,337,338 (17.3%).
- Net income of 1,023,407,866 contributed positively to equity growth.
- Dividend payments of 99,794,426 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.02 Billion | +15.81% |
| Dividends Paid | CN¥99.79 Million | -1.54% |
| Other Changes | CN¥31.72 Million | +0.49% |
| Total Change | CN¥- | 17.31% |
Book Value vs Market Value Analysis
This analysis compares Hwatsing Technology 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: 6.27x
- 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 50.08x to 6.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2020-12-31 | CN¥3.43 | CN¥171.53 | x |
| 2021-12-31 | CN¥3.05 | CN¥171.53 | x |
| 2022-12-31 | CN¥13.58 | CN¥171.53 | x |
| 2023-12-31 | CN¥15.64 | CN¥171.53 | x |
| 2024-12-31 | CN¥27.34 | CN¥171.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hwatsing Technology 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): 15.81%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 30.05%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.82x
- Recent ROE (15.81%) is below the historical average (16.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2020 | 16.07% | 25.34% | 0.26x | 2.44x | CN¥36.95 Million |
| 2021 | 24.53% | 24.63% | 0.27x | 3.75x | CN¥117.46 Million |
| 2022 | 10.47% | 30.42% | 0.21x | 1.63x | CN¥22.51 Million |
| 2023 | 13.12% | 28.86% | 0.28x | 1.65x | CN¥171.97 Million |
| 2024 | 15.81% | 30.05% | 0.29x | 1.82x | CN¥376.10 Million |
Industry Comparison
This section compares Hwatsing Technology Co. Ltd. A's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $20,570,804,952
- Average return on equity (ROE) among peers: 8.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hwatsing Technology Co. Ltd. A (688120) | CN¥6.99 Billion | 16.07% | 0.75x | $4.91 Billion |
| TCL Corp (000100) | $132.14 Billion | 0.20% | 1.72x | $11.00 Billion |
| Inner Mongolia Ojing Science & Technology Co. Ltd. A (001269) | $470.47 Million | 28.36% | 1.12x | $193.39 Million |
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | $47.06 Billion | 14.49% | 1.32x | $3.68 Billion |
| TongFu Microelectronics Co Ltd (002156) | $222.39 Million | 16.98% | 3.34x | $6.97 Billion |
| Tianshui Huatian Technology Co Ltd (002185) | $19.12 Billion | 1.18% | 0.76x | $4.61 Billion |
| NAURA Technology Group Co Ltd (002371) | $3.36 Billion | 2.76% | 0.94x | $23.27 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $1.25 Billion | 6.30% | 0.11x | $3.07 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $1.01 Billion | 8.50% | 1.05x | $204.60 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $44.34 Million | 1.04% | 0.46x | $308.98 Million |
| Hubei Tech Semiconductors Co (300046) | $1.03 Billion | 4.28% | 0.07x | $823.72 Million |