Sieyuan Electric Co Ltd (002028) - Net Assets

Latest as of September 2025: CN¥14.73 Billion CNY ≈ $2.16 Billion USD

Based on the latest financial reports, Sieyuan Electric Co Ltd (002028) has net assets worth CN¥14.73 Billion CNY (≈ $2.16 Billion USD) 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 ≈ $3.99 Billion USD) and total liabilities (CN¥12.52 Billion ≈ $1.83 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 Sieyuan Electric Co Ltd asset resilience ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore 002028 total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 002028 market cap.

Year	Net Assets	Change
2024-12-31	CN¥12.66 Billion ≈ $1.85 Billion	+18.65%
2023-12-31	CN¥10.67 Billion ≈ $1.56 Billion	+13.03%
2022-12-31	CN¥9.44 Billion ≈ $1.38 Billion	+9.74%
2021-12-31	CN¥8.60 Billion ≈ $1.26 Billion	+28.12%
2020-12-31	CN¥6.71 Billion ≈ $982.01 Million	+29.10%
2019-12-31	CN¥5.20 Billion ≈ $760.66 Million	+10.44%
2018-12-31	CN¥4.71 Billion ≈ $688.76 Million	+4.36%
2017-12-31	CN¥4.51 Billion ≈ $660.00 Million	+3.62%
2016-12-31	CN¥4.35 Billion ≈ $636.95 Million	+5.83%
2015-12-31	CN¥4.11 Billion ≈ $601.86 Million	+9.17%
2014-12-31	CN¥3.77 Billion ≈ $551.31 Million	+9.58%
2013-12-31	CN¥3.44 Billion ≈ $503.09 Million	+13.37%
2012-12-31	CN¥3.03 Billion ≈ $443.74 Million	+7.42%
2011-12-31	CN¥2.82 Billion ≈ $413.09 Million	-8.73%
2010-12-31	CN¥3.09 Billion ≈ $452.60 Million	+6.20%
2009-12-31	CN¥2.91 Billion ≈ $426.18 Million	+29.17%
2008-12-31	CN¥2.25 Billion ≈ $329.93 Million	+19.89%
2007-12-31	CN¥1.88 Billion ≈ $275.20 Million	+273.98%
2006-12-31	CN¥502.87 Million ≈ $73.59 Million	+5.02%
2005-12-31	CN¥478.86 Million ≈ $70.07 Million	+19.88%
2004-12-31	CN¥399.43 Million ≈ $58.45 Million	+261.18%
2003-12-31	CN¥110.59 Million ≈ $16.18 Million	+46.22%
2002-12-31	CN¥75.64 Million ≈ $11.07 Million	+15.98%
2001-12-31	CN¥65.21 Million ≈ $9.54 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
Zscaler Inc NASDAQ:ZS	$22.30 Billion
AVIVA PLC SPONS.ADR/2 F:GU80	$22.30 Billion
Markel Corporation NYSE:MKL	$22.33 Billion
Nan Ya Plastics Corp TW:1303	$22.39 Billion
Bayan Resources Tbk JK:BYAN	$22.27 Billion
CHINA RES.LAND UNS.ADR/10 F:CHZ0	$22.25 Billion
Dr Ing hcF Porsche AG F:P911	$22.23 Billion
Regions Financial Corporation NYSE:RF	$22.20 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: 12.23x
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 2003.13x to 12.23x 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¥195.00	x
2002-12-31	CN¥0.11	CN¥195.00	x
2003-12-31	CN¥0.16	CN¥195.00	x
2004-12-31	CN¥0.56	CN¥195.00	x
2005-12-31	CN¥0.66	CN¥195.00	x
2006-12-31	CN¥1.00	CN¥195.00	x
2007-12-31	CN¥2.51	CN¥195.00	x
2008-12-31	CN¥2.92	CN¥195.00	x
2009-12-31	CN¥3.87	CN¥195.00	x
2010-12-31	CN¥4.06	CN¥195.00	x
2011-12-31	CN¥3.61	CN¥195.00	x
2012-12-31	CN¥3.84	CN¥195.00	x
2013-12-31	CN¥4.25	CN¥195.00	x
2014-12-31	CN¥4.69	CN¥195.00	x
2015-12-31	CN¥5.13	CN¥195.00	x
2016-12-31	CN¥5.49	CN¥195.00	x
2017-12-31	CN¥5.78	CN¥195.00	x
2018-12-31	CN¥6.05	CN¥195.00	x
2019-12-31	CN¥6.63	CN¥195.00	x
2020-12-31	CN¥8.55	CN¥195.00	x
2021-12-31	CN¥10.93	CN¥195.00	x
2022-12-31	CN¥11.95	CN¥195.00	x
2023-12-31	CN¥13.45	CN¥195.00	x
2024-12-31	CN¥15.95	CN¥195.00	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: $1,217,716,577
Average return on equity (ROE) among peers: 9.94%

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	$22.29 Billion
XJ Electric Co Ltd (000400)	$2.06 Billion	5.67%	0.94x	$3.75 Billion
Guangdong Macro Co Ltd (000533)	$868.77 Million	22.25%	1.96x	$1.28 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.19 Billion	10.32%	0.10x	$1.02 Billion
Dongfang Electronics Co Ltd (000682)	$1.41 Billion	1.38%	0.23x	$2.56 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$881.96 Million	3.88%	5.40x	$834.77 Million
Huagong Tech Co Ltd (000988)	$728.66 Million	5.17%	0.60x	$17.59 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.48 Billion	7.41%	1.41x	$1.79 Billion
Shanghai Welltech Automation Co Ltd (002058)	$218.98 Million	10.86%	0.64x	$526.87 Million
Gotion High tech Co Ltd (002074)	$1.11 Billion	22.54%	1.37x	$9.75 Billion

About Sieyuan Electric Co Ltd

SHE:002028 China Electrical Equipment & Parts

Market Cap

$22.29 Billion

CN¥152.31 Billion CNY

Market Cap Rank

#1143 Global

#88 in China

Share Price

CN¥195.00

Change (1 day)

-0.94%

52-Week Range

CN¥69.99 - CN¥233.51

All Time High

CN¥233.51