Henan Shijia Photons Technology Co Ltd (688313) - Net Assets
Based on the latest financial reports, Henan Shijia Photons Technology Co Ltd (688313) has net assets worth CN¥1.48 Billion CNY (≈ $216.00 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¥2.55 Billion ≈ $372.91 Million USD) and total liabilities (CN¥1.07 Billion ≈ $156.91 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 Henan Shijia Photons Technology Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.48 Billion |
| % of Total Assets | 57.92% |
| Annual Growth Rate | 9.39% |
| 5-Year Change | 2.04% |
| 10-Year Change | N/A |
| Growth Volatility | 24.07 |
Henan Shijia Photons Technology Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how Henan Shijia Photons Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Henan Shijia Photons Technology Co Ltd for the complete picture of this company's asset base.
Annual Net Assets for Henan Shijia Photons Technology Co Ltd (2017–2024)
The table below shows the annual net assets of Henan Shijia Photons Technology Co Ltd from 2017 to 2024. For live valuation and market cap data, see Henan Shijia Photons Technology Co Ltd (688313) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.20 Billion ≈ $175.39 Million |
+5.63% |
| 2023-12-31 | CN¥1.13 Billion ≈ $166.05 Million |
-5.81% |
| 2022-12-31 | CN¥1.20 Billion ≈ $176.28 Million |
+0.30% |
| 2021-12-31 | CN¥1.20 Billion ≈ $175.75 Million |
+2.25% |
| 2020-12-31 | CN¥1.17 Billion ≈ $171.89 Million |
+69.80% |
| 2019-12-31 | CN¥691.77 Million ≈ $101.23 Million |
+3.92% |
| 2018-12-31 | CN¥665.69 Million ≈ $97.41 Million |
+4.10% |
| 2017-12-31 | CN¥639.47 Million ≈ $93.57 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Henan Shijia Photons Technology 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 grown by 625.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥106.70 Million | 8.90% |
| Common Stock | CN¥458.80 Million | 38.28% |
| Other Comprehensive Income | CN¥66.13 Million | 5.52% |
| Other Components | CN¥566.96 Million | 47.30% |
| Total Equity | CN¥1.20 Billion | 100.00% |
Henan Shijia Photons Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Henan Shijia Photons Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Itissalat Al-Maghrib (IAM) S.A
F:MSPA
|
$8.85 Billion |
|
Petronas Gas Bhd
KLSE:6033
|
$8.85 Billion |
|
Itissalat Al-Maghrib
PA:IAM
|
$8.85 Billion |
|
Baxter International Inc
NYSE:BAX
|
$8.85 Billion |
|
AGCO Corporation
NYSE:AGCO
|
$8.84 Billion |
|
Sartorius Aktiengesellschaft
XETRA:SRT3
|
$8.84 Billion |
|
Fortune Electric Co Ltd
TW:1519
|
$8.84 Billion |
|
DiGi.Com Bhd
KLSE:6947
|
$8.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henan Shijia Photons Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,134,738,798 to 1,198,593,410, a change of 63,854,612 (5.6%).
- Net income of 64,933,347 contributed positively to equity growth.
- Share repurchases of 2,186,827 reduced equity.
- Other comprehensive income increased equity by 13,471,028.
- Other factors decreased equity by 12,362,936.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥64.93 Million | +5.42% |
| Share Repurchases | CN¥2.19 Million | -0.18% |
| Other Comprehensive Income | CN¥13.47 Million | +1.12% |
| Other Changes | CN¥-12.36 Million | -1.03% |
| Total Change | CN¥- | 5.63% |
Book Value vs Market Value Analysis
This analysis compares Henan Shijia Photons Technology 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: 49.73x
- 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 89.66x to 49.73x 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¥1.47 | CN¥131.82 | x |
| 2018-12-31 | CN¥1.61 | CN¥131.82 | x |
| 2019-12-31 | CN¥1.45 | CN¥131.82 | x |
| 2020-12-31 | CN¥2.51 | CN¥131.82 | x |
| 2021-12-31 | CN¥2.62 | CN¥131.82 | x |
| 2022-12-31 | CN¥2.64 | CN¥131.82 | x |
| 2023-12-31 | CN¥2.50 | CN¥131.82 | x |
| 2024-12-31 | CN¥2.65 | CN¥131.82 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henan Shijia Photons Technology 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): 5.42%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.04%
- • Asset Turnover: 0.60x
- • Equity Multiplier: 1.49x
- Recent ROE (5.42%) is above the historical average (1.07%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | -3.40% | -4.39% | 0.46x | 1.67x | CN¥-82.91 Million |
| 2018 | -1.86% | -2.31% | 0.46x | 1.75x | CN¥-76.18 Million |
| 2019 | -0.24% | -0.29% | 0.55x | 1.49x | CN¥-68.21 Million |
| 2020 | 3.30% | 5.67% | 0.45x | 1.30x | CN¥-77.30 Million |
| 2021 | 4.18% | 6.14% | 0.52x | 1.30x | CN¥-69.94 Million |
| 2022 | 5.34% | 7.12% | 0.57x | 1.31x | CN¥-56.19 Million |
| 2023 | -4.19% | -6.30% | 0.51x | 1.30x | CN¥-161.02 Million |
| 2024 | 5.42% | 6.04% | 0.60x | 1.49x | CN¥-54.93 Million |
Industry Comparison
This section compares Henan Shijia Photons Technology Co Ltd's net assets metrics with peer companies in the Semiconductor Equipment & Materials industry.
Industry Context
- Industry: Semiconductor Equipment & Materials
- Average net assets among peers: $4,905,846,523
- Average return on equity (ROE) among peers: 10.29%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Henan Shijia Photons Technology Co Ltd (688313) | CN¥1.48 Billion | -3.40% | 0.73x | $8.85 Billion |
| TCL Corp (000100) | $9.65 Billion | 2.54% | 2.19x | $13.00 Billion |
| TCL Zhonghuan Renewable Energy Technology Co Ltd (002129) | $3.63 Billion | 1.97% | 1.94x | $5.12 Billion |
| TongFu Microelectronics Co Ltd (002156) | $11.02 Billion | 8.68% | 1.46x | $11.50 Billion |
| Tianshui Huatian Technology Co Ltd (002185) | $17.96 Billion | 7.88% | 0.67x | $6.27 Billion |
| NAURA Technology Group Co Ltd (002371) | $186.51 Million | 17.25% | 1.53x | $56.96 Billion |
| Jiangsu Yoke Technology Co Ltd (002409) | $222.95 Million | 32.12% | 0.67x | $5.90 Billion |
| Guangdong Huafeng New Energy Technology Co Ltd (002806) | $162.05 Million | 19.79% | 1.26x | $437.78 Million |
| Zhejiang Mtcn Technology Co Ltd (003026) | $861.69 Million | 3.97% | 0.63x | $948.18 Million |
| Hubei Tech Semiconductors Co (300046) | $792.07 Million | 4.87% | 0.33x | $1.12 Billion |
| Shanghai Sinyang Semiconductor (300236) | $4.57 Billion | 3.85% | 0.28x | $4.35 Billion |
About Henan Shijia Photons Technology Co Ltd
Henan Shijia Photons Technology Co., Ltd. operates in the optical communication industry. The company offers PLC optical splitter chip series, arrayed waveguide grating (AWG) chip series, DFB/FP laser chip series, optical fiber connectors, devices, indoor optical cables, and cable polymer materials, as well as TO/TOSA/butterfly packages, optical passive products, tunable low-noise single frequenc… Read more