Hangzhou Alltest Biotech Co. Ltd. A (688606) - Net Assets
Based on the latest financial reports, Hangzhou Alltest Biotech Co. Ltd. A (688606) has net assets worth CN¥3.88 Billion CNY (≈ $568.10 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.11 Billion ≈ $601.28 Million USD) and total liabilities (CN¥226.79 Million ≈ $33.19 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 688606 financial resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.88 Billion |
| % of Total Assets | 94.48% |
| Annual Growth Rate | 73.78% |
| 5-Year Change | 20.55% |
| 10-Year Change | N/A |
| Growth Volatility | 138.27 |
Hangzhou Alltest Biotech Co. Ltd. A - Net Assets Trend (2016–2025)
This chart illustrates how Hangzhou Alltest Biotech Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore Hangzhou Alltest Biotech Co. Ltd. A total assets for the complete picture of this company's asset base.
Annual Net Assets for Hangzhou Alltest Biotech Co. Ltd. A (2016–2025)
The table below shows the annual net assets of Hangzhou Alltest Biotech Co. Ltd. A from 2016 to 2025. For live valuation and market cap data, see market value of Hangzhou Alltest Biotech Co. Ltd. A.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.95 Billion ≈ $577.47 Million |
+1.62% |
| 2024-12-31 | CN¥3.88 Billion ≈ $568.27 Million |
+1.35% |
| 2023-12-31 | CN¥3.83 Billion ≈ $560.68 Million |
-8.14% |
| 2022-12-31 | CN¥4.17 Billion ≈ $610.34 Million |
+27.41% |
| 2021-12-31 | CN¥3.27 Billion ≈ $479.04 Million |
+236.56% |
| 2020-12-31 | CN¥972.66 Million ≈ $142.33 Million |
+231.74% |
| 2019-12-31 | CN¥293.20 Million ≈ $42.90 Million |
+36.31% |
| 2018-12-31 | CN¥215.10 Million ≈ $31.48 Million |
+55.18% |
| 2017-12-31 | CN¥138.61 Million ≈ $20.28 Million |
+407.45% |
| 2016-12-31 | CN¥27.32 Million ≈ $4.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Alltest Biotech 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 17465.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.94 Billion | 49.06% |
| Other Components | CN¥2.01 Billion | 50.94% |
| Total Equity | CN¥3.95 Billion | 100.00% |
Hangzhou Alltest Biotech Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Hangzhou Alltest Biotech Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hunan Mendale Hometextile Co Ltd
SHE:002397
|
$577.76 Million |
|
Sichuan Shengda Forestry Industry Co Ltd
SHE:002259
|
$577.97 Million |
|
JiangSu JiangHuai Engine Co Ltd
SHE:000816
|
$578.06 Million |
|
Mesa Laboratories Inc
NASDAQ:MLAB
|
$578.17 Million |
|
Wuhan Nusun Landscape Co Ltd
SHE:300536
|
$577.67 Million |
|
Guangzhou Lushan New Materials Co. Ltd.
SHG:603051
|
$577.58 Million |
|
Kangping Technology (Suzhou) Co. Ltd.
SHE:300907
|
$577.51 Million |
|
Nepes Corporation
KQ:033640
|
$577.41 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Alltest Biotech Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 3,883,641,163 to 3,946,690,966, a change of 63,049,803 (1.6%).
- Net income of 218,280,100 contributed positively to equity growth.
- Dividend payments of 195,109,725 reduced retained earnings.
- Other comprehensive income decreased equity by 317,662,486.
- Other factors increased equity by 357,541,914.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥218.28 Million | +5.53% |
| Dividends Paid | CN¥195.11 Million | -4.94% |
| Other Comprehensive Income | CN¥-317.66 Million | -8.05% |
| Other Changes | CN¥357.54 Million | +9.06% |
| Total Change | CN¥- | 1.62% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Alltest Biotech 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: 1.00x
- 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 33.83x to 1.00x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.47 | CN¥49.80 | x |
| 2017-12-31 | CN¥2.41 | CN¥49.80 | x |
| 2018-12-31 | CN¥3.68 | CN¥49.80 | x |
| 2019-12-31 | CN¥4.90 | CN¥49.80 | x |
| 2020-12-31 | CN¥16.27 | CN¥49.80 | x |
| 2021-12-31 | CN¥43.77 | CN¥49.80 | x |
| 2022-12-31 | CN¥52.57 | CN¥49.80 | x |
| 2023-12-31 | CN¥48.32 | CN¥49.80 | x |
| 2024-12-31 | CN¥49.05 | CN¥49.80 | x |
| 2025-12-31 | CN¥49.72 | CN¥49.80 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Alltest Biotech 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): 5.53%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.95%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 1.07x
- Recent ROE (5.53%) is below the historical average (27.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 56.00% | 20.09% | 1.27x | 2.20x | CN¥12.49 Million |
| 2017 | 24.65% | 26.34% | 0.68x | 1.37x | CN¥20.31 Million |
| 2018 | 26.23% | 30.63% | 0.72x | 1.18x | CN¥34.92 Million |
| 2019 | 26.75% | 32.49% | 0.73x | 1.13x | CN¥49.10 Million |
| 2020 | 69.83% | 59.81% | 0.99x | 1.18x | CN¥581.96 Million |
| 2021 | 23.39% | 40.87% | 0.47x | 1.22x | CN¥438.33 Million |
| 2022 | 28.44% | 34.97% | 0.72x | 1.13x | CN¥768.27 Million |
| 2023 | 4.72% | 23.93% | 0.18x | 1.08x | CN¥-202.15 Million |
| 2024 | 7.79% | 34.90% | 0.21x | 1.08x | CN¥-85.89 Million |
| 2025 | 5.53% | 23.95% | 0.21x | 1.07x | CN¥-176.39 Million |
Industry Comparison
This section compares Hangzhou Alltest Biotech Co. Ltd. A's net assets metrics with peer companies in the Medical Instruments & Supplies industry.
Industry Context
- Industry: Medical Instruments & Supplies
- Average net assets among peers: $739,718,411
- Average return on equity (ROE) among peers: 12.68%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Alltest Biotech Co. Ltd. A (688606) | CN¥3.88 Billion | 56.00% | 0.06x | $577.74 Million |
| Beijing Centergate Technologies Holding Co Ltd (000931) | $459.59 Million | 18.46% | 1.95x | $482.70 Million |
| Blue Sail Medical Co Ltd (002382) | $1.43 Billion | 14.06% | 0.29x | $1.02 Billion |
| Andon Health Co Ltd (002432) | $178.39 Million | 21.89% | 0.33x | $5.44 Billion |
| Allmed Medical Products Co Ltd Class A (002950) | $3.13 Billion | 12.99% | 0.84x | $1.00 Billion |
| Guangzhou Improve Med Instrument (300030) | $820.61 Million | -24.16% | 0.90x | $351.54 Million |
| QITIAN Technology Group Co Ltd (300061) | $568.15 Million | -37.70% | 1.34x | $1.01 Billion |
| Shanghai Tofflon Science Tech (300171) | $113.69 Million | 40.44% | 1.35x | $1.37 Billion |
| Truking Technology Ltd (300358) | $54.10 Million | 41.83% | 3.41x | $948.04 Million |
| Jiangxi Sanxin Medtec Co Ltd (300453) | $122.42 Million | 28.61% | 0.63x | $757.10 Million |
| Shenyang Xingqi Pharmaceutical Co Ltd (300573) | $520.95 Million | 10.42% | 0.38x | $2.38 Billion |
About Hangzhou Alltest Biotech Co. Ltd. A
Hangzhou Alltest Biotech Co., Ltd. engages in the research, development, production, and sale of in vitro diagnostic reagents in China and internationally. The company offers rapid diagnostic reagents, including drug and drug abuse, infectious disease, women's health, tumor marker, and cardiac marker testing products. Its products include COVID-19 antigen and antibody tests; veterinary tests; flu… Read more