Hangzhou Honghua Digital Technology Stock Company LTD (688789) - Net Assets
Based on the latest financial reports, Hangzhou Honghua Digital Technology Stock Company LTD (688789) has net assets worth CN¥3.45 Billion CNY (≈ $505.40 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¥4.54 Billion ≈ $664.53 Million USD) and total liabilities (CN¥1.09 Billion ≈ $159.13 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 688789 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.45 Billion |
| % of Total Assets | 76.05% |
| Annual Growth Rate | 39.49% |
| 5-Year Change | 329.4% |
| 10-Year Change | N/A |
| Growth Volatility | 28.82 |
Hangzhou Honghua Digital Technology Stock Company LTD - Net Assets Trend (2017–2024)
This chart illustrates how Hangzhou Honghua Digital Technology Stock Company LTD's net assets have evolved over time, based on quarterly financial data. Also explore Hangzhou Honghua Digital Technology Stoc assets under control for the complete picture of this company's asset base.
Annual Net Assets for Hangzhou Honghua Digital Technology Stock Company LTD (2017–2024)
The table below shows the annual net assets of Hangzhou Honghua Digital Technology Stock Company LTD from 2017 to 2024. For live valuation and market cap data, see Hangzhou Honghua Digital Technology Stoc (688789) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.24 Billion ≈ $473.41 Million |
+11.27% |
| 2023-12-31 | CN¥2.91 Billion ≈ $425.44 Million |
+69.62% |
| 2022-12-31 | CN¥1.71 Billion ≈ $250.82 Million |
+14.81% |
| 2021-12-31 | CN¥1.49 Billion ≈ $218.47 Million |
+98.16% |
| 2020-12-31 | CN¥753.42 Million ≈ $110.25 Million |
+31.73% |
| 2019-12-31 | CN¥571.95 Million ≈ $83.69 Million |
+36.30% |
| 2018-12-31 | CN¥419.62 Million ≈ $61.40 Million |
+33.33% |
| 2017-12-31 | CN¥314.71 Million ≈ $46.05 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Honghua Digital Technology Stock Company 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 690.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.54 Billion | 48.87% |
| Other Components | CN¥1.61 Billion | 51.13% |
| Total Equity | CN¥3.15 Billion | 100.00% |
Hangzhou Honghua Digital Technology Stock Company LTD Competitors by Market Cap
The table below lists competitors of Hangzhou Honghua Digital Technology Stock Company LTD ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dongguan Development Holdings Co Ltd
SHE:000828
|
$1.58 Billion |
|
Tangshan Sunfar Silicon Ind
SHG:603938
|
$1.58 Billion |
|
Sildarvinnslan Hf.
IC:SVN
|
$1.58 Billion |
|
Suzhou Douson Drilling & Production Equipment Co Ltd
SHG:603800
|
$1.58 Billion |
|
Alphatec Holdings Inc
NASDAQ:ATEC
|
$1.58 Billion |
|
Fushun Special Steel Co Ltd
SHG:600399
|
$1.58 Billion |
|
Shiny Chemical Industrial Co Ltd
TW:1773
|
$1.58 Billion |
|
Pabrik Kertas Tjiwi Kimia Tbk
JK:TKIM
|
$1.58 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Honghua Digital Technology Stock Company LTD's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,846,125,043 to 3,146,979,860, a change of 300,854,816 (10.6%).
- Net income of 414,395,225 contributed positively to equity growth.
- Dividend payments of 97,973,653 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥414.40 Million | +13.17% |
| Dividends Paid | CN¥97.97 Million | -3.11% |
| Other Changes | CN¥-15.57 Million | -0.49% |
| Total Change | CN¥- | 10.57% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Honghua Digital Technology Stock Company 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: 3.43x
- 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 10.89x to 3.43x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥5.52 | CN¥60.12 | x |
| 2018-12-31 | CN¥7.38 | CN¥60.12 | x |
| 2019-12-31 | CN¥10.05 | CN¥60.12 | x |
| 2020-12-31 | CN¥13.02 | CN¥60.12 | x |
| 2021-12-31 | CN¥22.81 | CN¥60.12 | x |
| 2022-12-31 | CN¥22.19 | CN¥60.12 | x |
| 2023-12-31 | CN¥15.86 | CN¥60.12 | x |
| 2024-12-31 | CN¥17.54 | CN¥60.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Honghua Digital Technology Stock Company 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): 13.17%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 23.15%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 1.37x
- Recent ROE (13.17%) is below the historical average (18.00%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 17.20% | 19.14% | 0.66x | 1.36x | CN¥22.66 Million |
| 2018 | 24.25% | 21.52% | 0.85x | 1.32x | CN¥59.79 Million |
| 2019 | 25.17% | 24.35% | 0.81x | 1.27x | CN¥86.78 Million |
| 2020 | 23.04% | 23.91% | 0.70x | 1.38x | CN¥96.87 Million |
| 2021 | 15.30% | 24.03% | 0.52x | 1.23x | CN¥78.47 Million |
| 2022 | 14.42% | 27.17% | 0.44x | 1.21x | CN¥74.50 Million |
| 2023 | 11.43% | 25.85% | 0.35x | 1.25x | CN¥40.65 Million |
| 2024 | 13.17% | 23.15% | 0.42x | 1.37x | CN¥99.70 Million |
Industry Comparison
This section compares Hangzhou Honghua Digital Technology Stock Company LTD's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Honghua Digital Technology Stock Company LTD (688789) | CN¥3.45 Billion | 17.20% | 0.31x | $1.58 Billion |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About Hangzhou Honghua Digital Technology Stock Company LTD
Hangzhou Honghua Digital Technology Stock Company LTD. engages in the research and development, production, and sale of digital printing equipment and consumables in China. It provides digital direct-jet printing machines, digital inkjet transfer printing machines, ultra-high speed industrial jet printing machines and ink, etc., as well as various solutions for industrial digital printing and dig… Read more