Hangzhou Huaguang Advanced Welding Materials Co Ltd
Hangzhou Huaguang Advanced Welding Materials Co.,Ltd. focuses on the research and development, manufacture, and sale of welding and connection materials and technologies in China and internationally. The company's products include silver solder, copper-phosphorus brazing filler metal, high copper brazing filler metal, copper-zinc brazing filler metal, aluminum solder, vacuum solder, flux-cored so… Read more
Hangzhou Huaguang Advanced Welding Materials Co Ltd (688379) - Net Assets
Latest net assets as of September 2025: CN¥1.13 Billion CNY
Based on the latest financial reports, Hangzhou Huaguang Advanced Welding Materials Co Ltd (688379) has net assets worth CN¥1.13 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.77 Billion) and total liabilities (CN¥1.64 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¥1.13 Billion |
| % of Total Assets | 40.9% |
| Annual Growth Rate | 13.67% |
| 5-Year Change | 11.8% |
| 10-Year Change | 230.09% |
| Growth Volatility | 19.7 |
Hangzhou Huaguang Advanced Welding Materials Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Hangzhou Huaguang Advanced Welding Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Hangzhou Huaguang Advanced Welding Materials Co Ltd (2012–2024)
The table below shows the annual net assets of Hangzhou Huaguang Advanced Welding Materials Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥996.16 Million | +6.39% |
| 2023-12-31 | CN¥936.36 Million | +4.44% |
| 2022-12-31 | CN¥896.54 Million | -2.26% |
| 2021-12-31 | CN¥917.23 Million | +2.94% |
| 2020-12-31 | CN¥891.02 Million | +75.67% |
| 2019-12-31 | CN¥507.21 Million | +13.24% |
| 2018-12-31 | CN¥447.89 Million | +7.03% |
| 2017-12-31 | CN¥418.46 Million | +26.83% |
| 2016-12-31 | CN¥329.95 Million | +9.33% |
| 2015-12-31 | CN¥301.79 Million | +5.80% |
| 2014-12-31 | CN¥285.24 Million | +12.14% |
| 2013-12-31 | CN¥254.36 Million | +18.83% |
| 2012-12-31 | CN¥214.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Huaguang Advanced Welding Materials 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 513.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥482.46 Million | 48.43% |
| Common Stock | CN¥90.09 Million | 9.04% |
| Other Comprehensive Income | CN¥46.70 Million | 4.69% |
| Other Components | CN¥376.92 Million | 37.84% |
| Total Equity | CN¥996.16 Million | 100.00% |
Hangzhou Huaguang Advanced Welding Materials Co Ltd Competitors by Market Cap
The table below lists competitors of Hangzhou Huaguang Advanced Welding Materials Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
The Gym Group plc
PINK:GYYMF
|
$286.98 Million |
|
Bear Electric Appliance Co Ltd
SHE:002959
|
$287.21 Million |
|
Civmec Ltd
AU:CVL
|
$287.26 Million |
|
MVB Financial Corp
NASDAQ:MVBF
|
$287.31 Million |
|
Mingyue Optical Lens Co.Ltd.
SHE:301101
|
$286.95 Million |
|
Poly Union Chemical Holding Group Co Ltd
SHE:002037
|
$286.87 Million |
|
Fujian Superpipe
SHE:300198
|
$286.77 Million |
|
IS Dongseo
KO:010780
|
$286.67 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Huaguang Advanced Welding Materials Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 936,358,892 to 996,156,822, a change of 59,797,930 (6.4%).
- Net income of 80,617,367 contributed positively to equity growth.
- Dividend payments of 40,136,125 reduced retained earnings.
- Share repurchases of 18,499,428 reduced equity.
- Other comprehensive income increased equity by 46,696,593.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥80.62 Million | +8.09% |
| Dividends Paid | CN¥40.14 Million | -4.03% |
| Share Repurchases | CN¥18.50 Million | -1.86% |
| Other Comprehensive Income | CN¥46.70 Million | +4.69% |
| Other Changes | CN¥-8.88 Million | -0.89% |
| Total Change | CN¥- | 6.39% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Huaguang Advanced Welding Materials 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: 4.32x
- 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 14.12x to 4.32x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥3.57 | CN¥50.37 | x |
| 2013-12-31 | CN¥4.23 | CN¥50.37 | x |
| 2014-12-31 | CN¥4.71 | CN¥50.37 | x |
| 2015-12-31 | CN¥5.11 | CN¥50.37 | x |
| 2016-12-31 | CN¥5.51 | CN¥50.37 | x |
| 2017-12-31 | CN¥6.79 | CN¥50.37 | x |
| 2018-12-31 | CN¥6.80 | CN¥50.37 | x |
| 2019-12-31 | CN¥5.76 | CN¥50.37 | x |
| 2020-12-31 | CN¥10.13 | CN¥50.37 | x |
| 2021-12-31 | CN¥10.42 | CN¥50.37 | x |
| 2022-12-31 | CN¥10.35 | CN¥50.37 | x |
| 2023-12-31 | CN¥10.80 | CN¥50.37 | x |
| 2024-12-31 | CN¥11.66 | CN¥50.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Huaguang Advanced Welding Materials 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): 8.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.20%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 2.38x
- Recent ROE (8.09%) is below the historical average (9.31%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 21.03% | 7.08% | 1.95x | 1.52x | CN¥23.60 Million |
| 2013 | 15.85% | 7.07% | 1.46x | 1.53x | CN¥14.87 Million |
| 2014 | 10.83% | 6.31% | 1.16x | 1.48x | CN¥2.36 Million |
| 2015 | 5.48% | 4.45% | 0.81x | 1.52x | CN¥-13.63 Million |
| 2016 | 9.62% | 6.65% | 0.87x | 1.65x | CN¥-1.27 Million |
| 2017 | 9.86% | 6.63% | 0.97x | 1.53x | CN¥-585.04K |
| 2018 | 11.04% | 7.38% | 0.92x | 1.63x | CN¥4.64 Million |
| 2019 | 11.70% | 7.73% | 0.96x | 1.58x | CN¥8.60 Million |
| 2020 | 7.26% | 7.52% | 0.71x | 1.36x | CN¥-24.42 Million |
| 2021 | 4.93% | 3.73% | 0.79x | 1.67x | CN¥-46.52 Million |
| 2022 | 0.97% | 0.71% | 0.72x | 1.88x | CN¥-80.94 Million |
| 2023 | 4.44% | 2.94% | 0.73x | 2.08x | CN¥-52.03 Million |
| 2024 | 8.09% | 4.20% | 0.81x | 2.38x | CN¥-19.00 Million |
Industry Comparison
This section compares Hangzhou Huaguang Advanced Welding Materials Co Ltd's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,244,978,643
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Huaguang Advanced Welding Materials Co Ltd (688379) | CN¥1.13 Billion | 21.03% | 1.45x | $286.97 Million |
| Xinjiang Hejin Holding Co Ltd (000633) | $64.30 Million | 0.00% | 1.02x | $276.51 Million |
| Chongqing Changjiang River Moulding Material (Group) Co. Ltd. (001296) | $563.95 Million | 12.68% | 0.31x | $177.83 Million |
| Winstech Precision Hldg Co (001319) | $1.31 Billion | 8.55% | 0.30x | $167.74 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $785.40 Million | -7.13% | 0.66x | $373.68 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.40 Billion | 2.65% | 0.12x | $461.37 Million |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $4.13 Billion | 10.98% | 0.50x | $722.14 Million |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $245.28 Million | 58.16% | 1.15x | $1.78 Billion |
| Dajin Heavy Industry Corp (002487) | $1.51 Billion | 2.42% | 0.28x | $3.72 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $966.88 Million | 1.75% | 0.27x | $292.45 Million |
| Guangzheng Group Co Ltd (002524) | $467.88 Million | 4.77% | 0.48x | $226.79 Million |