Hi-Trend Tech(Shanghai)Co Ltd (688391) - Net Assets
Based on the latest financial reports, Hi-Trend Tech(Shanghai)Co Ltd (688391) has net assets worth CN¥1.85 Billion CNY (≈ $270.56 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥2.04 Billion ≈ $298.31 Million USD) and total liabilities (CN¥189.63 Million ≈ $27.75 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 Hi-Trend Tech(Shanghai)Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.85 Billion |
| % of Total Assets | 90.7% |
| Annual Growth Rate | 65.75% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 237.5 |
Hi-Trend Tech(Shanghai)Co Ltd - Net Assets Trend (2020–2024)
This chart illustrates how Hi-Trend Tech(Shanghai)Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Hi-Trend Tech(Shanghai)Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Hi-Trend Tech(Shanghai)Co Ltd (2020–2024)
The table below shows the annual net assets of Hi-Trend Tech(Shanghai)Co Ltd from 2020 to 2024. For live valuation and market cap data, see 688391 company net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.87 Billion ≈ $273.35 Million |
-8.44% |
| 2023-12-31 | CN¥2.04 Billion ≈ $298.56 Million |
+2.11% |
| 2022-12-31 | CN¥2.00 Billion ≈ $292.39 Million |
+553.56% |
| 2021-12-31 | CN¥305.73 Million ≈ $44.74 Million |
+23.52% |
| 2020-12-31 | CN¥247.51 Million ≈ $36.22 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hi-Trend Tech(Shanghai)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 337.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥379.32 Million | 20.31% |
| Other Components | CN¥1.49 Billion | 79.69% |
| Total Equity | CN¥1.87 Billion | 100.00% |
Hi-Trend Tech(Shanghai)Co Ltd Competitors by Market Cap
The table below lists competitors of Hi-Trend Tech(Shanghai)Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangzhou Jinyi Media Corp
SHE:002905
|
$524.79 Million |
|
Optotech Corp
TW:2340
|
$524.91 Million |
|
Meridian Mining UK Societas
TO:MNO
|
$524.93 Million |
|
HCM II Acquisition Corp. Unit
NASDAQ:HONDU
|
$525.00 Million |
|
Brandywine Realty Trust
NYSE:BDN
|
$524.57 Million |
|
Shenzhen Deren Electronic Co Ltd
SHE:002055
|
$524.54 Million |
|
Jamna Auto Industries Limited
NSE:JAMNAAUTO
|
$524.51 Million |
|
Ambiq Micro, Inc.
NYSE:AMBQ
|
$524.36 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hi-Trend Tech(Shanghai)Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,040,312,903 to 1,868,040,636, a change of -172,272,267 (-8.4%).
- Net income of 93,593,565 contributed positively to equity growth.
- Dividend payments of 65,894,270 reduced retained earnings.
- Other factors decreased equity by 199,971,562.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥93.59 Million | +5.01% |
| Dividends Paid | CN¥65.89 Million | -3.53% |
| Other Changes | CN¥-199.97 Million | -10.7% |
| Total Change | CN¥- | -8.44% |
Book Value vs Market Value Analysis
This analysis compares Hi-Trend Tech(Shanghai)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: 1.91x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 11.42x to 1.91x 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¥2.73 | CN¥31.13 | x |
| 2021-12-31 | CN¥3.37 | CN¥31.13 | x |
| 2022-12-31 | CN¥16.50 | CN¥31.13 | x |
| 2023-12-31 | CN¥16.85 | CN¥31.13 | x |
| 2024-12-31 | CN¥16.30 | CN¥31.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hi-Trend Tech(Shanghai)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): 5.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 15.81%
- • Asset Turnover: 0.29x
- • Equity Multiplier: 1.08x
- Recent ROE (5.01%) is below the historical average (15.94%), 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 | 25.09% | 16.39% | 1.17x | 1.31x | CN¥37.36 Million |
| 2021 | 33.17% | 20.31% | 1.19x | 1.38x | CN¥70.83 Million |
| 2022 | 10.01% | 28.18% | 0.32x | 1.09x | CN¥237.74K |
| 2023 | 6.44% | 21.80% | 0.28x | 1.06x | CN¥-72.60 Million |
| 2024 | 5.01% | 15.81% | 0.29x | 1.08x | CN¥-93.21 Million |
Industry Comparison
This section compares Hi-Trend Tech(Shanghai)Co Ltd's net assets metrics with peer companies in the Semiconductors industry.
Industry Context
- Industry: Semiconductors
- Average net assets among peers: $813,547,571
- Average return on equity (ROE) among peers: 6.81%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hi-Trend Tech(Shanghai)Co Ltd (688391) | CN¥1.85 Billion | 25.09% | 0.10x | $524.69 Million |
| UniTTEC Co Ltd (000925) | $-283.11 Million | 0.00% | 0.00x | $909.57 Million |
| Unigroup Guoxin Microelectronics Co Ltd (002049) | $4.97 Billion | 16.23% | 0.54x | $9.61 Billion |
| Sinosteel Anhui Tianyuan Technology Co Ltd (002057) | $245.66 Million | 4.18% | 0.78x | $1.06 Billion |
| Suzhou Good-Ark Electronics Co Ltd (002079) | $445.12 Million | 7.09% | 0.19x | $1.39 Billion |
| Ningbo Kangqiang Electronics Co Ltd (002119) | $971.20 Million | 9.05% | 0.88x | $1.15 Billion |
| Tianjin Printronics Circuit Corp (002134) | $570.60 Million | 1.71% | 0.43x | $913.46 Million |
| Tatwah Smartech Co Ltd (002512) | $62.81 Million | 31.91% | 1.29x | $701.64 Million |
| Chutian Dragon Co Ltd (003040) | $1.05 Billion | 9.94% | 0.54x | $998.01 Million |
| Jiangsu Huasheng Tianlong Photo (300029) | $21.30 Million | -40.30% | 16.97x | $81.27 Million |
| Nations Technologies Inc (300077) | $85.20 Million | 28.31% | 0.96x | $1.97 Billion |
About Hi-Trend Tech(Shanghai)Co Ltd
Hi-Trend Technology (Shanghai) Co., Ltd. designs, develops, and sells integrated circuit (IC) products in China. The company's products portfolio includes communication ICs, such as narrow-band & low-speed BPSK SoC chips, narrow-band & high-speed OFDM SoC chips, broad-band & high-speed HPLC SoC chips, and broad-band & double module HPRC SoC chips, etc.; metering products, including three-phase me… Read more