Harbin Electric Co Ltd
Harbin Electric Co Ltd operates in various business sectors.
Harbin Electric Co Ltd (HP6H) - Net Assets
Latest net assets as of December 2023: €14.59 Billion EUR
Based on the latest financial reports, Harbin Electric Co Ltd (HP6H) has net assets worth €14.59 Billion EUR as of December 2023.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (€71.30 Billion) and total liabilities (€56.71 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 | €14.59 Billion |
| % of Total Assets | 20.46% |
| Annual Growth Rate | -2.21% |
| 5-Year Change | -8.0% |
| 10-Year Change | N/A |
| Growth Volatility | 13.7 |
Harbin Electric Co Ltd - Net Assets Trend (2018–2023)
This chart illustrates how Harbin Electric 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 Harbin Electric Co Ltd (2018–2023)
The table below shows the annual net assets of Harbin Electric Co Ltd from 2018 to 2023.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | €14.59 Billion | +17.89% |
| 2022-12-31 | €12.37 Billion | +1.47% |
| 2021-12-31 | €12.19 Billion | -24.72% |
| 2020-12-31 | €16.20 Billion | +2.17% |
| 2019-12-31 | €15.86 Billion | -2.78% |
| 2018-12-31 | €16.31 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Harbin Electric 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 decreased by 39.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | €5.26 Billion | 37.91% |
| Other Components | €8.61 Billion | 62.09% |
| Total Equity | €13.86 Billion | 100.00% |
Harbin Electric Co Ltd Competitors by Market Cap
The table below lists competitors of Harbin Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
TFCO4F
SA:TFCO4F
|
$26.08K |
|
Iren SpA
MU:TZ8
|
$26.12K |
|
Sitara Chemical Industries Ltd
KAR:SITC
|
$26.14K |
|
NOVAL PROPERTY REAL ESTATE INVE
AT:NOVAL
|
$26.14K |
|
ASOS (DYQ.SG)
STU:DYQ
|
$26.07K |
|
Pd-Rx Pharmaceutical
PINK:PDRX
|
$26.02K |
|
Casa Grande S.A.A.
LIM:CASAGRC1
|
$26.02K |
|
123fahrschule SE
DU:123F
|
$26.01K |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Harbin Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 11,727,949,836 to 13,864,702,149, a change of 2,136,752,314 (18.2%).
- Net income of 574,760,039 contributed positively to equity growth.
- Dividend payments of 225,331,303 reduced retained earnings.
- Other factors increased equity by 1,787,323,578.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | €574.76 Million | +4.15% |
| Dividends Paid | €225.33 Million | -1.63% |
| Other Changes | €1.79 Billion | +12.89% |
| Total Change | €- | 18.22% |
Book Value vs Market Value Analysis
This analysis compares Harbin Electric 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: 0.43x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has increased from 0.30x to 0.43x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | €8.81 | €2.64 | x |
| 2019-12-31 | €9.13 | €2.64 | x |
| 2020-12-31 | €9.19 | €2.64 | x |
| 2021-12-31 | €6.78 | €2.64 | x |
| 2022-12-31 | €6.87 | €2.64 | x |
| 2023-12-31 | €6.20 | €2.64 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Harbin Electric 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): 4.15%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.99%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 5.14x
- Recent ROE (4.15%) is above the historical average (-4.95%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 0.47% | 0.28% | 0.46x | 3.76x | €-1.43 Billion |
| 2019 | 0.68% | 0.47% | 0.41x | 3.54x | €-1.45 Billion |
| 2020 | -0.05% | -0.03% | 0.41x | 3.70x | €-1.58 Billion |
| 2021 | -35.81% | -19.52% | 0.35x | 5.24x | €-5.30 Billion |
| 2022 | 0.84% | 0.40% | 0.39x | 5.40x | €-1.07 Billion |
| 2023 | 4.15% | 1.99% | 0.40x | 5.14x | €-811.71 Million |
Industry Comparison
This section compares Harbin Electric Co Ltd's net assets metrics with peer companies in the same industry.
No peer company data available for comparison.