XJ Electric Co Ltd

SHE:000400 China Electrical Equipment & Parts
Market Cap
$4.02 Billion
CN¥29.50 Billion CNY
Market Cap Rank
#4390 Global
#442 in China
Share Price
CN¥28.96
Change (1 day)
-3.63%
52-Week Range
CN¥20.52 - CN¥33.97
All Time High
CN¥34.84
Categories
Companies in China Electrical Equipment & Parts
About

XJ Electric Co., Ltd. provides energy and power and technology equipment in China. It offers DC transmission products and services, including DC transmission converter valves, DC flow measurement equipment, DC transmission control and protection systems, DC simulation systems, digital converter stations, and converter valve cooling equipment, as well as prefabricated cabin type substation. The co… Read more

XJ Electric Co Ltd (000400) - Net Assets

Latest net assets as of September 2025: CN¥13.03 Billion CNY

Based on the latest financial reports, XJ Electric Co Ltd (000400) has net assets worth CN¥13.03 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥26.30 Billion) and total liabilities (CN¥13.28 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 CN¥13.03 Billion
% of Total Assets 49.53%
Annual Growth Rate 16.85%
5-Year Change 34.6%
10-Year Change 80.19%
Growth Volatility 56.34

XJ Electric Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how XJ 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 XJ Electric Co Ltd (1994–2024)

The table below shows the annual net assets of XJ Electric Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥12.38 Billion +5.89%
2023-12-31 CN¥11.69 Billion +7.22%
2022-12-31 CN¥10.91 Billion +7.38%
2021-12-31 CN¥10.16 Billion +10.41%
2020-12-31 CN¥9.20 Billion +6.02%
2019-12-31 CN¥8.68 Billion +3.88%
2018-12-31 CN¥8.35 Billion +2.81%
2017-12-31 CN¥8.12 Billion +7.60%
2016-12-31 CN¥7.55 Billion +9.88%
2015-12-31 CN¥6.87 Billion +10.23%
2014-12-31 CN¥6.23 Billion +63.33%
2013-12-31 CN¥3.82 Billion +19.75%
2012-12-31 CN¥3.19 Billion +7.44%
2011-12-31 CN¥2.97 Billion +7.57%
2010-12-31 CN¥2.76 Billion +8.80%
2009-12-31 CN¥2.53 Billion +7.44%
2008-12-31 CN¥2.36 Billion +1.33%
2007-12-31 CN¥2.33 Billion +5.62%
2006-12-31 CN¥2.20 Billion +7.05%
2005-12-31 CN¥2.06 Billion +4.70%
2004-12-31 CN¥1.97 Billion +5.83%
2003-12-31 CN¥1.86 Billion +14.83%
2002-12-31 CN¥1.62 Billion +8.59%
2001-12-31 CN¥1.49 Billion +3.84%
2000-12-31 CN¥1.44 Billion +10.46%
1999-12-31 CN¥1.30 Billion +64.57%
1998-12-31 CN¥789.62 Million +11.73%
1997-12-31 CN¥706.72 Million +315.87%
1996-12-31 CN¥169.94 Million +20.28%
1995-12-31 CN¥141.28 Million +21.83%
1994-12-31 CN¥115.97 Million --

Equity Component Analysis

This analysis shows how different components contribute to XJ 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 grown by 915794309800.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥9.16 Billion 81.08%
Common Stock CN¥1.02 Billion 9.02%
Other Components CN¥1.12 Billion 9.90%
Total Equity CN¥11.30 Billion 100.00%

XJ Electric Co Ltd Competitors by Market Cap

The table below lists competitors of XJ Electric Co Ltd ranked by their market capitalization.

Company Market Cap
CleanSpark Inc
NASDAQ:CLSK
 		$2.50 Billion
Kingboard Holdings Limited
F:KGZ
 		$2.50 Billion
Autohome Inc
NYSE:ATHM
 		$2.50 Billion
IGM Financial Inc.
PINK:IGIFF
 		$2.50 Billion
United Tractors Tbk PT
JK:UNTR
 		$2.49 Billion
Shenzhen MTC Co Ltd
SHE:002429
 		$2.49 Billion
Central Puerto S.A.
NYSE:CEPU
 		$2.49 Billion
Triple Flag Precious Metals Corp
NYSE:TFPM
 		$2.49 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in XJ Electric Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 10,705,001,954 to 11,295,271,308, a change of 590,269,354 (5.5%).
  • Net income of 1,116,925,155 contributed positively to equity growth.
  • Dividend payments of 491,469,043 reduced retained earnings.
  • Share repurchases of 1,580,611 reduced equity.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.12 Billion +9.89%
Dividends Paid CN¥491.47 Million -4.35%
Share Repurchases CN¥1.58 Million -0.01%
Other Changes CN¥-33.61 Million -0.3%
Total Change CN¥- 5.51%

Book Value vs Market Value Analysis

This analysis compares XJ 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: 2.60x
  • 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 184.21x to 2.60x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.16 CN¥28.96 x
1995-12-31 CN¥0.19 CN¥28.96 x
1996-12-31 CN¥0.23 CN¥28.96 x
1997-12-31 CN¥0.96 CN¥28.96 x
1998-12-31 CN¥1.07 CN¥28.96 x
1999-12-31 CN¥1.73 CN¥28.96 x
2000-12-31 CN¥1.91 CN¥28.96 x
2001-12-31 CN¥1.97 CN¥28.96 x
2002-12-31 CN¥2.11 CN¥28.96 x
2003-12-31 CN¥2.33 CN¥28.96 x
2004-12-31 CN¥2.48 CN¥28.96 x
2005-12-31 CN¥2.57 CN¥28.96 x
2006-12-31 CN¥2.75 CN¥28.96 x
2007-12-31 CN¥2.89 CN¥28.96 x
2008-12-31 CN¥2.89 CN¥28.96 x
2009-12-31 CN¥3.07 CN¥28.96 x
2010-12-31 CN¥3.26 CN¥28.96 x
2011-12-31 CN¥3.39 CN¥28.96 x
2012-12-31 CN¥3.80 CN¥28.96 x
2013-12-31 CN¥3.49 CN¥28.96 x
2014-12-31 CN¥5.64 CN¥28.96 x
2015-12-31 CN¥6.24 CN¥28.96 x
2016-12-31 CN¥7.00 CN¥28.96 x
2017-12-31 CN¥7.51 CN¥28.96 x
2018-12-31 CN¥7.69 CN¥28.96 x
2019-12-31 CN¥8.06 CN¥28.96 x
2020-12-31 CN¥8.60 CN¥28.96 x
2021-12-31 CN¥9.34 CN¥28.96 x
2022-12-31 CN¥10.00 CN¥28.96 x
2023-12-31 CN¥10.61 CN¥28.96 x
2024-12-31 CN¥11.14 CN¥28.96 x

Capital Efficiency Dashboard

This dashboard shows how efficiently XJ 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): 9.89%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.54%
  • • Asset Turnover: 0.68x
  • • Equity Multiplier: 2.24x
  • Recent ROE (9.89%) is below the historical average (12.74%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 47.85% 19.54% 0.96x 2.55x CN¥43.89 Million
1995 40.72% 20.18% 0.76x 2.64x CN¥43.40 Million
1996 38.32% 19.31% 0.78x 2.55x CN¥48.13 Million
1997 12.69% 25.34% 0.42x 1.19x CN¥19.03 Million
1998 13.31% 23.27% 0.45x 1.28x CN¥26.17 Million
1999 15.26% 26.39% 0.41x 1.42x CN¥67.33 Million
2000 13.62% 19.58% 0.47x 1.48x CN¥50.99 Million
2001 11.79% 13.99% 0.47x 1.78x CN¥25.90 Million
2002 9.71% 11.74% 0.47x 1.76x CN¥-4.50 Million
2003 9.81% 11.05% 0.49x 1.80x CN¥-3.33 Million
2004 7.88% 8.46% 0.46x 2.01x CN¥-38.69 Million
2005 6.15% 6.40% 0.46x 2.10x CN¥-73.10 Million
2006 6.40% 5.46% 0.52x 2.27x CN¥-72.87 Million
2007 5.44% 4.73% 0.53x 2.18x CN¥-97.10 Million
2008 1.79% 1.68% 0.48x 2.22x CN¥-174.92 Million
2009 5.76% 4.28% 0.66x 2.04x CN¥-95.94 Million
2010 6.09% 3.80% 0.67x 2.39x CN¥-94.14 Million
2011 6.20% 3.61% 0.61x 2.80x CN¥-95.93 Million
2012 11.84% 5.02% 0.95x 2.47x CN¥51.67 Million
2013 22.16% 8.31% 1.06x 2.52x CN¥400.04 Million
2014 18.74% 12.71% 0.77x 1.90x CN¥495.33 Million
2015 11.46% 9.81% 0.59x 1.99x CN¥91.62 Million
2016 12.31% 9.04% 0.67x 2.03x CN¥163.10 Million
2017 8.10% 5.94% 0.67x 2.02x CN¥-143.80 Million
2018 2.57% 2.43% 0.56x 1.88x CN¥-575.85 Million
2019 5.79% 4.34% 0.72x 1.86x CN¥-342.61 Million
2020 8.26% 6.40% 0.67x 1.94x CN¥-150.86 Million
2021 7.69% 6.04% 0.68x 1.88x CN¥-217.69 Million
2022 7.79% 5.22% 0.79x 1.88x CN¥-222.78 Million
2023 9.39% 5.89% 0.78x 2.05x CN¥-65.12 Million
2024 9.89% 6.54% 0.68x 2.24x CN¥-12.60 Million

Industry Comparison

This section compares XJ Electric Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

  • Industry: Electrical Equipment & Parts
  • Average net assets among peers: $1,367,057,939
  • Average return on equity (ROE) among peers: -34.31%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
XJ Electric Co Ltd (000400) CN¥13.03 Billion 47.85% 1.02x $2.50 Billion
Guangdong Macro Co Ltd (000533) $259.29 Million -377.39% 9.44x $880.32 Million
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $1.31 Billion 8.55% 0.86x $364.23 Million
Huagong Tech Co Ltd (000988) $3.01 Billion 5.01% 0.66x $9.70 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.62 Billion 6.74% 1.87x $855.32 Million
Shijiazhuang Shangtai Technology Co. Ltd. A (001301) $1.35 Billion 11.31% 0.12x $1.62 Billion
Guangdong Xinyaguang Cable Co (001382) $804.28 Million 11.99% 1.13x $201.71 Million
Sieyuan Electric Co Ltd (002028) $3.44 Billion 10.09% 0.45x $14.61 Billion
Shanghai Welltech Automation Co Ltd (002058) $186.07 Million 7.07% 0.22x $217.00 Million
Gotion High tech Co Ltd (002074) $324.01 Million 7.87% 0.45x $5.08 Billion