Forehope Electronic (Ningbo) Co. Ltd. A
Forehope Electronic (Ningbo) Co., Ltd. engages in advanced packaging field in the integrated circuit packaging and testing business. It offers high-density fine-pitch bump flip-chip; system-in-package; flat no-lead packages; and micro-electromechanical system sensors products. Its products are used in Internet of Things, 5G, artificial intelligence, and big data market. The company was founded in… Read more
Forehope Electronic (Ningbo) Co. Ltd. A (688362) - Net Assets
Latest net assets as of June 2025: CN¥4.01 Billion CNY
Based on the latest financial reports, Forehope Electronic (Ningbo) Co. Ltd. A (688362) has net assets worth CN¥4.01 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¥14.34 Billion) and total liabilities (CN¥10.33 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¥4.01 Billion |
| % of Total Assets | 27.95% |
| Annual Growth Rate | 92.22% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 142.04 |
Forehope Electronic (Ningbo) Co. Ltd. A - Net Assets Trend (2020–2024)
This chart illustrates how Forehope Electronic (Ningbo) 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 Forehope Electronic (Ningbo) Co. Ltd. A (2020–2024)
The table below shows the annual net assets of Forehope Electronic (Ningbo) Co. Ltd. A from 2020 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.04 Billion | +0.98% |
| 2023-12-31 | CN¥4.00 Billion | +35.74% |
| 2022-12-31 | CN¥2.95 Billion | +114.49% |
| 2021-12-31 | CN¥1.37 Billion | +364.38% |
| 2020-12-31 | CN¥295.68 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Forehope Electronic (Ningbo) 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 33937275719.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥288.41 Million | 11.49% |
| Other Components | CN¥2.22 Billion | 88.51% |
| Total Equity | CN¥2.51 Billion | 100.00% |
Forehope Electronic (Ningbo) Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Forehope Electronic (Ningbo) Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Craftsman Automation Limited
NSE:CRAFTSMAN
|
$956.14 Million |
|
ZYNP Corp
SHE:002448
|
$956.21 Million |
|
53N
F:53N
|
$956.49 Million |
|
Jiangnan Mould & Plastic Technology Co Ltd
SHE:000700
|
$956.75 Million |
|
InterRent Real Estate Investment Trust
PINK:IIPZF
|
$955.74 Million |
|
Chongqing Three Gorges Water Conservancy and Electric Power Co Ltd
SHG:600116
|
$955.67 Million |
|
CRISIL Limited
NSE:CRISIL
|
$955.46 Million |
|
Mercialys
PINK:MEIYF
|
$955.20 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Forehope Electronic (Ningbo) Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,448,597,505 to 2,510,883,281, a change of 62,285,776 (2.5%).
- Net income of 66,327,533 contributed positively to equity growth.
- Dividend payments of 182,475,036 reduced retained earnings.
- Other factors increased equity by 178,433,279.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥66.33 Million | +2.64% |
| Dividends Paid | CN¥182.48 Million | -7.27% |
| Other Changes | CN¥178.43 Million | +7.11% |
| Total Change | CN¥- | 2.54% |
Book Value vs Market Value Analysis
This analysis compares Forehope Electronic (Ningbo) 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: 6.36x
- 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 45.98x to 6.36x 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¥0.85 | CN¥39.11 | x |
| 2021-12-31 | CN¥3.95 | CN¥39.11 | x |
| 2022-12-31 | CN¥6.27 | CN¥39.11 | x |
| 2023-12-31 | CN¥6.01 | CN¥39.11 | x |
| 2024-12-31 | CN¥6.15 | CN¥39.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Forehope Electronic (Ningbo) 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): 2.64%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.84%
- • Asset Turnover: 0.26x
- • Equity Multiplier: 5.44x
- Recent ROE (2.64%) is below the historical average (7.42%), 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 | 9.42% | 3.72% | 0.28x | 9.11x | CN¥-1.72 Million |
| 2021 | 23.46% | 15.68% | 0.44x | 3.37x | CN¥184.77 Million |
| 2022 | 5.42% | 6.36% | 0.26x | 3.26x | CN¥-117.01 Million |
| 2023 | -3.81% | -3.91% | 0.19x | 5.04x | CN¥-338.25 Million |
| 2024 | 2.64% | 1.84% | 0.26x | 5.44x | CN¥-184.76 Million |
Industry Comparison
This section compares Forehope Electronic (Ningbo) Co. Ltd. A's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $938,054,114
- Average return on equity (ROE) among peers: 2.61%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Forehope Electronic (Ningbo) Co. Ltd. A (688362) | CN¥4.01 Billion | 9.42% | 2.58x | $955.99 Million |
| UniTTEC Co Ltd (000925) | $408.24 Million | 2.91% | 0.44x | $597.13 Million |
| Zhejiang Chengchang Technology Co. Ltd. (001270) | $537.21 Million | 8.47% | 0.10x | $1.22 Billion |
| Shenzhen Techwinsemi Technology Co. Ltd. (001309) | $1.09 Billion | 6.18% | 0.81x | $5.58 Billion |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $2.03 Billion | 6.95% | 0.34x | $6.22 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $91.68 Million | 16.12% | 1.14x | $714.49 Million |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $445.12 Million | 7.09% | 0.19x | $821.43 Million |
| Tianjin Printronics Circuit Corp (002134) | $391.61 Million | 3.24% | 0.49x | $580.83 Million |
| Tatwah Smartech Co Ltd (002512) | $2.85 Billion | 4.52% | 0.77x | $511.24 Million |
| Chutian Dragon Co Ltd (003040) | $1.51 Billion | 10.97% | 0.46x | $523.03 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $21.30 Million | -40.30% | 16.97x | $95.18 Million |