Sieyuan Electric Co Ltd

SHE:002028 China Electrical Equipment & Parts
Market Cap
$22.23 Billion
CN¥163.09 Billion CNY
Market Cap Rank
#1268 Global
#46 in China
Share Price
CN¥208.80
Change (1 day)
-1.23%
52-Week Range
CN¥69.31 - CN¥233.51
All Time High
CN¥233.51
Categories
Companies in China Electrical Equipment & Parts
About

Sieyuan Electric Co., Ltd. engages in research and development, production, sale, and service of power transmission and distribution equipment in China and internationally. The company offers static synchronous compensator and condenser; HVDC circuit breakers; prefabricated and mobile substations; oil immersed and gas insulated power transformers, and high voltage reactors; and high-voltage switc… Read more

Sieyuan Electric Co Ltd (002028) - Net Assets

Latest net assets as of September 2025: CN¥14.73 Billion CNY

Based on the latest financial reports, Sieyuan Electric Co Ltd (002028) has net assets worth CN¥14.73 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¥27.26 Billion) and total liabilities (CN¥12.52 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¥14.73 Billion
% of Total Assets 54.06%
Annual Growth Rate 25.74%
5-Year Change 88.58%
10-Year Change 207.69%
Growth Volatility 72.31

Sieyuan Electric Co Ltd - Net Assets Trend (2001–2024)

This chart illustrates how Sieyuan 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 Sieyuan Electric Co Ltd (2001–2024)

The table below shows the annual net assets of Sieyuan Electric Co Ltd from 2001 to 2024.

Year Net Assets Change
2024-12-31 CN¥12.66 Billion +18.65%
2023-12-31 CN¥10.67 Billion +13.03%
2022-12-31 CN¥9.44 Billion +9.74%
2021-12-31 CN¥8.60 Billion +28.12%
2020-12-31 CN¥6.71 Billion +29.10%
2019-12-31 CN¥5.20 Billion +10.44%
2018-12-31 CN¥4.71 Billion +4.36%
2017-12-31 CN¥4.51 Billion +3.62%
2016-12-31 CN¥4.35 Billion +5.83%
2015-12-31 CN¥4.11 Billion +9.17%
2014-12-31 CN¥3.77 Billion +9.58%
2013-12-31 CN¥3.44 Billion +13.37%
2012-12-31 CN¥3.03 Billion +7.42%
2011-12-31 CN¥2.82 Billion -8.73%
2010-12-31 CN¥3.09 Billion +6.20%
2009-12-31 CN¥2.91 Billion +29.17%
2008-12-31 CN¥2.25 Billion +19.89%
2007-12-31 CN¥1.88 Billion +273.98%
2006-12-31 CN¥502.87 Million +5.02%
2005-12-31 CN¥478.86 Million +19.88%
2004-12-31 CN¥399.43 Million +261.18%
2003-12-31 CN¥110.59 Million +46.22%
2002-12-31 CN¥75.64 Million +15.98%
2001-12-31 CN¥65.21 Million --

Equity Component Analysis

This analysis shows how different components contribute to Sieyuan 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 43909.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥10.87 Billion 87.84%
Common Stock CN¥777.64 Million 6.28%
Other Comprehensive Income CN¥545.87 Million 4.41%
Other Components CN¥181.83 Million 1.47%
Total Equity CN¥12.38 Billion 100.00%

Sieyuan Electric Co Ltd Competitors by Market Cap

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

Company Market Cap
China Northern Rare Earth Group High-Tech Co Ltd
SHG:600111
 		$14.43 Billion
CSPC Pharmaceutical Group Limited
PINK:CSPCY
 		$14.45 Billion
Tower Semiconductor Ltd
NASDAQ:TSEM
 		$14.48 Billion
CK Asset Holdings Limited
PINK:CNGKY
 		$14.49 Billion
NN Group N.V
PINK:NNGPF
 		$14.43 Billion
Bureau Veritas SA
PINK:BVVBY
 		$14.42 Billion
Genuine Parts Co
NYSE:GPC
 		$14.41 Billion
Terna Rete Elettrica Nazionale SpA
LSE:0LBM
 		$14.40 Billion

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 10,384,238,941 to 12,379,549,868, a change of 1,995,310,927 (19.2%).
  • Net income of 2,049,069,556 contributed positively to equity growth.
  • Dividend payments of 314,948,843 reduced retained earnings.
  • Other comprehensive income increased equity by 545,868,095.
  • Other factors decreased equity by 284,677,881.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥2.05 Billion +16.55%
Dividends Paid CN¥314.95 Million -2.54%
Other Comprehensive Income CN¥545.87 Million +4.41%
Other Changes CN¥-284.68 Million -2.3%
Total Change CN¥- 19.21%

Book Value vs Market Value Analysis

This analysis compares Sieyuan 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: 13.09x
  • 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 2144.89x to 13.09x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2001-12-31 CN¥0.10 CN¥208.80 x
2002-12-31 CN¥0.11 CN¥208.80 x
2003-12-31 CN¥0.16 CN¥208.80 x
2004-12-31 CN¥0.56 CN¥208.80 x
2005-12-31 CN¥0.66 CN¥208.80 x
2006-12-31 CN¥1.00 CN¥208.80 x
2007-12-31 CN¥2.51 CN¥208.80 x
2008-12-31 CN¥2.92 CN¥208.80 x
2009-12-31 CN¥3.87 CN¥208.80 x
2010-12-31 CN¥4.06 CN¥208.80 x
2011-12-31 CN¥3.61 CN¥208.80 x
2012-12-31 CN¥3.84 CN¥208.80 x
2013-12-31 CN¥4.25 CN¥208.80 x
2014-12-31 CN¥4.69 CN¥208.80 x
2015-12-31 CN¥5.13 CN¥208.80 x
2016-12-31 CN¥5.49 CN¥208.80 x
2017-12-31 CN¥5.78 CN¥208.80 x
2018-12-31 CN¥6.05 CN¥208.80 x
2019-12-31 CN¥6.63 CN¥208.80 x
2020-12-31 CN¥8.55 CN¥208.80 x
2021-12-31 CN¥10.93 CN¥208.80 x
2022-12-31 CN¥11.95 CN¥208.80 x
2023-12-31 CN¥13.45 CN¥208.80 x
2024-12-31 CN¥15.95 CN¥208.80 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Sieyuan 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): 16.55%
  • The company demonstrates strong efficiency in generating profits from shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.26%
  • • Asset Turnover: 0.66x
  • • Equity Multiplier: 1.90x
  • Recent ROE (16.55%) is above the historical average (16.39%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2001 33.39% 23.85% 0.89x 1.57x CN¥15.23 Million
2002 28.41% 21.15% 0.83x 1.62x CN¥13.92 Million
2003 30.61% 25.01% 0.86x 1.43x CN¥22.71 Million
2004 13.20% 24.66% 0.31x 1.72x CN¥11.94 Million
2005 19.15% 15.15% 0.68x 1.87x CN¥40.20 Million
2006 32.75% 18.73% 0.66x 2.64x CN¥103.93 Million
2007 15.29% 22.74% 0.42x 1.61x CN¥94.27 Million
2008 16.11% 22.64% 0.51x 1.40x CN¥131.43 Million
2009 33.19% 50.31% 0.49x 1.35x CN¥663.93 Million
2010 18.45% 29.53% 0.46x 1.37x CN¥253.96 Million
2011 5.78% 7.81% 0.52x 1.42x CN¥-112.45 Million
2012 8.67% 8.59% 0.67x 1.52x CN¥-38.11 Million
2013 10.79% 10.24% 0.68x 1.55x CN¥25.36 Million
2014 12.79% 12.43% 0.68x 1.52x CN¥99.64 Million
2015 9.74% 9.56% 0.65x 1.58x CN¥-10.17 Million
2016 8.37% 7.98% 0.68x 1.54x CN¥-68.27 Million
2017 5.71% 5.54% 0.66x 1.56x CN¥-187.24 Million
2018 6.45% 6.13% 0.63x 1.66x CN¥-162.36 Million
2019 11.06% 8.74% 0.72x 1.75x CN¥53.34 Million
2020 14.31% 12.66% 0.67x 1.70x CN¥281.20 Million
2021 14.31% 13.77% 0.62x 1.66x CN¥360.62 Million
2022 13.31% 11.58% 0.67x 1.71x CN¥303.41 Million
2023 15.01% 12.51% 0.67x 1.80x CN¥520.75 Million
2024 16.55% 13.26% 0.66x 1.90x CN¥811.11 Million

Industry Comparison

This section compares Sieyuan 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: $1,079,065,466
  • Average return on equity (ROE) among peers: 9.88%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Sieyuan Electric Co Ltd (002028) CN¥14.73 Billion 33.39% 0.85x $14.43 Billion
XJ Electric Co Ltd (000400) $2.33 Billion 4.98% 1.00x $2.59 Billion
Guangdong Macro Co Ltd (000533) $598.74 Million 0.58% 4.38x $880.32 Million
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $557.50 Million 13.45% 0.65x $370.62 Million
Huagong Tech Co Ltd (000988) $1.16 Billion 4.84% 1.06x $9.70 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.62 Billion 6.74% 1.87x $883.83 Million
Shijiazhuang Shangtai Technology Co. Ltd. A (001301) $1.84 Billion 29.48% 0.99x $1.66 Billion
Guangdong Xinyaguang Cable Co (001382) $915.55 Million 12.10% 0.81x $193.26 Million
Shanghai Welltech Automation Co Ltd (002058) $218.98 Million 10.86% 0.64x $218.23 Million
Gotion High tech Co Ltd (002074) $467.84 Million 5.86% 0.80x $5.23 Billion