Hangzhou Huaguang Advanced Welding Materials Co Ltd (688379) - Net Assets
Based on the latest financial reports, Hangzhou Huaguang Advanced Welding Materials Co Ltd (688379) has net assets worth CN¥1.43 Billion CNY (≈ $209.28 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.22 Billion ≈ $617.88 Million USD) and total liabilities (CN¥2.79 Billion ≈ $408.59 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. See debt-free asset ratio of Hangzhou Huaguang Advanced Welding Mater to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.43 Billion |
| % of Total Assets | 33.87% |
| Annual Growth Rate | 13.98% |
| 5-Year Change | 27.83% |
| 10-Year Change | 255.36% |
| Growth Volatility | 18.94 |
Hangzhou Huaguang Advanced Welding Materials Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Hangzhou Huaguang Advanced Welding Materials Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 688379 market cap.
Annual Net Assets for Hangzhou Huaguang Advanced Welding Materials Co Ltd (2012–2025)
The table below shows the annual net assets of Hangzhou Huaguang Advanced Welding Materials Co Ltd from 2012 to 2025. Also explore Hangzhou Huaguang Advanced Welding Mater equity growth rate to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.17 Billion ≈ $171.57 Million |
+17.70% |
| 2024-12-31 | CN¥996.16 Million ≈ $145.77 Million |
+6.39% |
| 2023-12-31 | CN¥936.36 Million ≈ $137.02 Million |
+4.44% |
| 2022-12-31 | CN¥896.54 Million ≈ $131.19 Million |
-2.26% |
| 2021-12-31 | CN¥917.23 Million ≈ $134.22 Million |
+2.94% |
| 2020-12-31 | CN¥891.02 Million ≈ $130.38 Million |
+75.67% |
| 2019-12-31 | CN¥507.21 Million ≈ $74.22 Million |
+13.24% |
| 2018-12-31 | CN¥447.89 Million ≈ $65.54 Million |
+7.03% |
| 2017-12-31 | CN¥418.46 Million ≈ $61.23 Million |
+26.83% |
| 2016-12-31 | CN¥329.95 Million ≈ $48.28 Million |
+9.33% |
| 2015-12-31 | CN¥301.79 Million ≈ $44.16 Million |
+5.80% |
| 2014-12-31 | CN¥285.24 Million ≈ $41.74 Million |
+12.14% |
| 2013-12-31 | CN¥254.36 Million ≈ $37.22 Million |
+18.83% |
| 2012-12-31 | CN¥214.06 Million ≈ $31.32 Million |
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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 705.3% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥633.15 Million | 54.00% |
| Other Components | CN¥539.34 Million | 46.00% |
| Total Equity | CN¥1.17 Billion | 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 |
|---|---|
|
African Rainbow Capital Investments Ltd
JSE:AIL
|
$782.54 Million |
|
Siri Prime Office Property Fd
BK:SIRI
|
$782.62 Million |
|
Shanxi Zhendong Pharmaceutical
SHE:300158
|
$782.66 Million |
|
Kiwetinohk Energy Corp
TO:KEC
|
$782.84 Million |
|
Rpmglobal Holdings Ltd
AU:RUL
|
$782.09 Million |
|
Joeone Co Ltd
SHG:601566
|
$782.01 Million |
|
Minerva S.A
SA:BEEF3
|
$781.81 Million |
|
Anhui Zhonghuan Environmental Protection Technology Co Ltd
SHE:300692
|
$781.65 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 2024 to 2025, total equity changed from 996,156,822 to 1,172,489,423, a change of 176,332,601 (17.7%).
- Net income of 191,590,659 contributed positively to equity growth.
- Dividend payments of 66,984,724 reduced retained earnings.
- Other comprehensive income decreased equity by 46,696,593.
- Other factors increased equity by 98,423,259.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥191.59 Million | +16.34% |
| Dividends Paid | CN¥66.98 Million | -5.71% |
| Other Comprehensive Income | CN¥-46.70 Million | -3.98% |
| Other Changes | CN¥98.42 Million | +8.39% |
| Total Change | CN¥- | 17.70% |
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: 4.13x
- 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 15.78x to 4.13x 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¥56.30 | x |
| 2013-12-31 | CN¥4.23 | CN¥56.30 | x |
| 2014-12-31 | CN¥4.71 | CN¥56.30 | x |
| 2015-12-31 | CN¥5.11 | CN¥56.30 | x |
| 2016-12-31 | CN¥5.51 | CN¥56.30 | x |
| 2017-12-31 | CN¥6.80 | CN¥56.30 | x |
| 2018-12-31 | CN¥6.79 | CN¥56.30 | x |
| 2019-12-31 | CN¥7.70 | CN¥56.30 | x |
| 2020-12-31 | CN¥12.12 | CN¥56.30 | x |
| 2021-12-31 | CN¥10.35 | CN¥56.30 | x |
| 2022-12-31 | CN¥10.28 | CN¥56.30 | x |
| 2023-12-31 | CN¥10.80 | CN¥56.30 | x |
| 2024-12-31 | CN¥11.62 | CN¥56.30 | x |
| 2025-12-31 | CN¥13.65 | CN¥56.30 | 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): 16.34%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.50%
- • Asset Turnover: 0.86x
- • Equity Multiplier: 2.52x
- Recent ROE (16.34%) is above the historical average (9.82%), indicating improving 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¥-585.03K |
| 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 |
| 2025 | 16.34% | 7.50% | 0.86x | 2.52x | CN¥74.34 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: $1,958,602,012
- Average return on equity (ROE) among peers: 8.54%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Huaguang Advanced Welding Materials Co Ltd (688379) | CN¥1.43 Billion | 21.03% | 1.95x | $782.48 Million |
| China International Marine Containers Group Ltd (000039) | $54.40 Million | 48.40% | 1.67x | $3.04 Billion |
| Xinjiang Hejin Holding Co Ltd (000633) | $197.93 Million | -14.60% | 0.30x | $299.24 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $1.31 Billion | 2.26% | 0.75x | $384.70 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.54 Billion | 1.29% | 0.18x | $990.43 Million |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $2.86 Billion | -1.62% | 0.65x | $1.34 Billion |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $8.34 Billion | 5.15% | 0.95x | $1.34 Billion |
| Dajin Heavy Industry Corp (002487) | $1.46 Billion | 3.64% | 0.04x | $3.55 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $111.10 Million | 28.75% | 0.69x | $273.95 Million |
| Guangzheng Group Co Ltd (002524) | $467.88 Million | 4.77% | 0.48x | $308.42 Million |
| Anhui Honglu Steel Construction Group Co Ltd (002541) | $2.24 Billion | 7.38% | 1.95x | $1.85 Billion |
About 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-based brazing filler metal, high copper brazing filler metal, copper-zinc brazing filler metal, aluminum solder, vacuum solder, tin-based solder, … Read more