XJ Electric Co Ltd (000400) - Net Assets
Based on the latest financial reports, XJ Electric Co Ltd (000400) has net assets worth CN¥13.52 Billion CNY (≈ $1.98 Billion 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¥25.80 Billion ≈ $3.77 Billion USD) and total liabilities (CN¥12.28 Billion ≈ $1.80 Billion 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 how tangible is XJ Electric Co Ltd's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥13.52 Billion |
| % of Total Assets | 52.41% |
| Annual Growth Rate | 16.55% |
| 5-Year Change | 31.74% |
| 10-Year Change | 77.21% |
| Growth Volatility | 55.36 |
XJ Electric Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how XJ Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of XJ Electric Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for XJ Electric Co Ltd (1994–2025)
The table below shows the annual net assets of XJ Electric Co Ltd from 1994 to 2025. For live valuation and market cap data, see market cap of XJ Electric Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥13.38 Billion ≈ $1.96 Billion |
+8.06% |
| 2024-12-31 | CN¥12.38 Billion ≈ $1.81 Billion |
+5.89% |
| 2023-12-31 | CN¥11.69 Billion ≈ $1.71 Billion |
+5.37% |
| 2022-12-31 | CN¥11.10 Billion ≈ $1.62 Billion |
+9.26% |
| 2021-12-31 | CN¥10.16 Billion ≈ $1.49 Billion |
+10.41% |
| 2020-12-31 | CN¥9.20 Billion ≈ $1.35 Billion |
+2.75% |
| 2019-12-31 | CN¥8.95 Billion ≈ $1.31 Billion |
+7.18% |
| 2018-12-31 | CN¥8.35 Billion ≈ $1.22 Billion |
+2.81% |
| 2017-12-31 | CN¥8.12 Billion ≈ $1.19 Billion |
+7.60% |
| 2016-12-31 | CN¥7.55 Billion ≈ $1.10 Billion |
+9.88% |
| 2015-12-31 | CN¥6.87 Billion ≈ $1.01 Billion |
+10.23% |
| 2014-12-31 | CN¥6.23 Billion ≈ $912.25 Million |
+31.27% |
| 2013-12-31 | CN¥4.75 Billion ≈ $694.95 Million |
+49.00% |
| 2012-12-31 | CN¥3.19 Billion ≈ $466.41 Million |
+7.44% |
| 2011-12-31 | CN¥2.97 Billion ≈ $434.11 Million |
+7.57% |
| 2010-12-31 | CN¥2.76 Billion ≈ $403.57 Million |
+8.80% |
| 2009-12-31 | CN¥2.53 Billion ≈ $370.91 Million |
+7.44% |
| 2008-12-31 | CN¥2.36 Billion ≈ $345.22 Million |
+1.33% |
| 2007-12-31 | CN¥2.33 Billion ≈ $340.71 Million |
+5.66% |
| 2006-12-31 | CN¥2.20 Billion ≈ $322.45 Million |
+7.01% |
| 2005-12-31 | CN¥2.06 Billion ≈ $301.33 Million |
+4.70% |
| 2004-12-31 | CN¥1.97 Billion ≈ $287.80 Million |
+5.83% |
| 2003-12-31 | CN¥1.86 Billion ≈ $271.94 Million |
+12.21% |
| 2002-12-31 | CN¥1.66 Billion ≈ $242.36 Million |
+11.02% |
| 2001-12-31 | CN¥1.49 Billion ≈ $218.30 Million |
+7.70% |
| 2000-12-31 | CN¥1.39 Billion ≈ $202.68 Million |
+6.41% |
| 1999-12-31 | CN¥1.30 Billion ≈ $190.48 Million |
+69.16% |
| 1998-12-31 | CN¥769.50 Million ≈ $112.60 Million |
+8.88% |
| 1997-12-31 | CN¥706.72 Million ≈ $103.42 Million |
+315.87% |
| 1996-12-31 | CN¥169.94 Million ≈ $24.87 Million |
+20.28% |
| 1995-12-31 | CN¥141.28 Million ≈ $20.67 Million |
+21.83% |
| 1994-12-31 | CN¥115.97 Million ≈ $16.97 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 993011004961.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥9.93 Billion | 81.73% |
| Other Components | CN¥2.22 Billion | 18.27% |
| Total Equity | CN¥12.15 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 |
|---|---|
|
CITIC Heavy Industries Co Ltd
SHG:601608
|
$3.41 Billion |
|
NCsoft Corp
KO:036570
|
$3.41 Billion |
|
Enaex S.A
SN:ENAEX
|
$3.42 Billion |
|
Krishna Institute of Medical Sciences Limited
NSE:KIMS
|
$3.42 Billion |
|
Shanghai AtHub Co Ltd
SHG:603881
|
$3.41 Billion |
|
MeiHua Holdings Group Co Ltd
SHG:600873
|
$3.41 Billion |
|
Perfect World Co Ltd
SHE:002624
|
$3.41 Billion |
|
Shaanxi Lighte Optoelectronics Material Co. Ltd. A
SHG:688150
|
$3.41 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 2024 to 2025, total equity changed from 11,295,271,308 to 12,150,593,337, a change of 855,322,029 (7.6%).
- Net income of 1,167,210,010 contributed positively to equity growth.
- Dividend payments of 484,905,575 reduced retained earnings.
- Other factors increased equity by 173,017,594.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.17 Billion | +9.61% |
| Dividends Paid | CN¥484.91 Million | -3.99% |
| Other Changes | CN¥173.02 Million | +1.42% |
| Total Change | CN¥- | 7.57% |
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: 1.92x
- 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 145.54x to 1.92x 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¥22.88 | x |
| 1995-12-31 | CN¥0.19 | CN¥22.88 | x |
| 1996-12-31 | CN¥0.23 | CN¥22.88 | x |
| 1997-12-31 | CN¥0.96 | CN¥22.88 | x |
| 1998-12-31 | CN¥1.04 | CN¥22.88 | x |
| 1999-12-31 | CN¥1.74 | CN¥22.88 | x |
| 2000-12-31 | CN¥1.84 | CN¥22.88 | x |
| 2001-12-31 | CN¥1.97 | CN¥22.88 | x |
| 2002-12-31 | CN¥2.16 | CN¥22.88 | x |
| 2003-12-31 | CN¥2.33 | CN¥22.88 | x |
| 2004-12-31 | CN¥2.48 | CN¥22.88 | x |
| 2005-12-31 | CN¥2.57 | CN¥22.88 | x |
| 2006-12-31 | CN¥2.74 | CN¥22.88 | x |
| 2007-12-31 | CN¥2.89 | CN¥22.88 | x |
| 2008-12-31 | CN¥2.89 | CN¥22.88 | x |
| 2009-12-31 | CN¥3.07 | CN¥22.88 | x |
| 2010-12-31 | CN¥3.26 | CN¥22.88 | x |
| 2011-12-31 | CN¥3.39 | CN¥22.88 | x |
| 2012-12-31 | CN¥3.80 | CN¥22.88 | x |
| 2013-12-31 | CN¥4.41 | CN¥22.88 | x |
| 2014-12-31 | CN¥5.64 | CN¥22.88 | x |
| 2015-12-31 | CN¥6.24 | CN¥22.88 | x |
| 2016-12-31 | CN¥7.00 | CN¥22.88 | x |
| 2017-12-31 | CN¥7.51 | CN¥22.88 | x |
| 2018-12-31 | CN¥7.69 | CN¥22.88 | x |
| 2019-12-31 | CN¥8.34 | CN¥22.88 | x |
| 2020-12-31 | CN¥8.60 | CN¥22.88 | x |
| 2021-12-31 | CN¥9.34 | CN¥22.88 | x |
| 2022-12-31 | CN¥9.85 | CN¥22.88 | x |
| 2023-12-31 | CN¥10.61 | CN¥22.88 | x |
| 2024-12-31 | CN¥11.14 | CN¥22.88 | x |
| 2025-12-31 | CN¥11.93 | CN¥22.88 | 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): 9.61%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 7.79%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.16x
- Recent ROE (9.61%) is below the historical average (12.50%), 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 | 13.66% | 23.27% | 0.46x | 1.29x | CN¥28.19 Million |
| 1999 | 15.23% | 26.39% | 0.41x | 1.42x | CN¥67.11 Million |
| 2000 | 14.13% | 19.58% | 0.48x | 1.49x | CN¥56.02 Million |
| 2001 | 11.78% | 13.99% | 0.47x | 1.78x | CN¥25.76 Million |
| 2002 | 9.48% | 11.74% | 0.47x | 1.72x | CN¥-8.29 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 | 6.42% | 5.46% | 0.50x | 2.33x | CN¥-72.31 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 | 17.51% | 8.31% | 0.84x | 2.49x | CN¥312.51 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 | 5.60% | 4.34% | 0.68x | 1.91x | CN¥-370.21 Million |
| 2020 | 8.26% | 6.40% | 0.66x | 1.94x | CN¥-150.86 Million |
| 2021 | 7.69% | 6.04% | 0.68x | 1.88x | CN¥-217.69 Million |
| 2022 | 7.65% | 5.22% | 0.77x | 1.89x | CN¥-241.84 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 |
| 2025 | 9.61% | 7.79% | 0.57x | 2.16x | CN¥-47.85 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: $2,095,565,110
- Average return on equity (ROE) among peers: 9.77%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| XJ Electric Co Ltd (000400) | CN¥13.52 Billion | 47.85% | 0.91x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $656.70 Million | 10.00% | 3.24x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.39 Billion | 11.14% | 0.11x | $908.69 Million |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.52 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.57 Billion | 1.54% | 1.62x | $742.84 Million |
| Huagong Tech Co Ltd (000988) | $684.66 Million | 5.90% | 0.54x | $26.12 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.38 Billion | 9.72% | 0.89x | $1.44 Billion |
| Sieyuan Electric Co Ltd (002028) | $10.67 Billion | 14.62% | 0.76x | $21.78 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $102.42 Million | 12.86% | 0.78x | $468.31 Million |
| Gotion High tech Co Ltd (002074) | $87.88 Million | 21.99% | 1.03x | $7.89 Billion |
About XJ Electric Co Ltd
XJ Electric Co., Ltd. provides energy and power and technology equipment in China and internationally. 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 substatio… Read more