Hunan Changgao High Voltage Switchgear Group Co Ltd
Changgao Electric Group Co., Ltd. engages in the research, development, manufacture, and sale of power transmission equipment in the People's Republic of China. The company offers gas insulated metal enclosed switchgear; outdoor pole type vacuum and outdoor high voltage AC circuit breaker; disconnectors; low/medium voltage switchgear, including series relay, cable type data collection unit, cable… Read more
Hunan Changgao High Voltage Switchgear Group Co Ltd (002452) - Net Assets
Latest net assets as of September 2025: CN¥2.60 Billion CNY
Based on the latest financial reports, Hunan Changgao High Voltage Switchgear Group Co Ltd (002452) has net assets worth CN¥2.60 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¥3.57 Billion) and total liabilities (CN¥969.32 Million). 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¥2.60 Billion |
| % of Total Assets | 72.85% |
| Annual Growth Rate | 17.54% |
| 5-Year Change | 64.5% |
| 10-Year Change | 95.69% |
| Growth Volatility | 48.62 |
Hunan Changgao High Voltage Switchgear Group Co Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Hunan Changgao High Voltage Switchgear Group 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 Hunan Changgao High Voltage Switchgear Group Co Ltd (2007–2024)
The table below shows the annual net assets of Hunan Changgao High Voltage Switchgear Group Co Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.41 Billion | +6.62% |
| 2023-12-31 | CN¥2.26 Billion | +7.51% |
| 2022-12-31 | CN¥2.10 Billion | +0.50% |
| 2021-12-31 | CN¥2.09 Billion | +42.80% |
| 2020-12-31 | CN¥1.47 Billion | +15.54% |
| 2019-12-31 | CN¥1.27 Billion | +11.39% |
| 2018-12-31 | CN¥1.14 Billion | -18.27% |
| 2017-12-31 | CN¥1.39 Billion | +5.02% |
| 2016-12-31 | CN¥1.33 Billion | +7.68% |
| 2015-12-31 | CN¥1.23 Billion | +4.46% |
| 2014-12-31 | CN¥1.18 Billion | +7.66% |
| 2013-12-31 | CN¥1.10 Billion | +4.27% |
| 2012-12-31 | CN¥1.05 Billion | +3.12% |
| 2011-12-31 | CN¥1.02 Billion | +4.00% |
| 2010-12-31 | CN¥979.75 Million | +205.24% |
| 2009-12-31 | CN¥320.98 Million | +29.54% |
| 2008-12-31 | CN¥247.79 Million | +60.42% |
| 2007-12-31 | CN¥154.46 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hunan Changgao High Voltage Switchgear Group 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 2141.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.15 Billion | 47.61% |
| Common Stock | CN¥620.33 Million | 25.75% |
| Other Comprehensive Income | CN¥139.78 Million | 5.80% |
| Other Components | CN¥501.90 Million | 20.83% |
| Total Equity | CN¥2.41 Billion | 100.00% |
Hunan Changgao High Voltage Switchgear Group Co Ltd Competitors by Market Cap
The table below lists competitors of Hunan Changgao High Voltage Switchgear Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kardemir Karabuk Demir Celik Sanayi ve Ticaret AS Class D
IS:KRDMD
|
$686.89 Million |
|
Chimerix Inc
NASDAQ:CMRX
|
$686.96 Million |
|
Foshan Saturday Shoes Co Ltd
SHE:002291
|
$687.03 Million |
|
Robinsons Retail Holdings Inc
PINK:RRETY
|
$687.12 Million |
|
GREENTOWN SVC.G.HD-00001
F:GR1
|
$686.73 Million |
|
NextNav Inc. Warrant
NASDAQ:NNAVW
|
$686.53 Million |
|
Sichuan Chuanhuan Technology Co Ltd
SHE:300547
|
$686.47 Million |
|
Concentric AB (publ)
PINK:CCNTF
|
$686.47 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hunan Changgao High Voltage Switchgear Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,259,340,000 to 2,409,091,000, a change of 149,751,000 (6.6%).
- Net income of 252,104,000 contributed positively to equity growth.
- Dividend payments of 47,854,000 reduced retained earnings.
- Share repurchases of 80,046,899 reduced equity.
- Other comprehensive income decreased equity by 14,771,506.
- Other factors increased equity by 40,319,405.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥252.10 Million | +10.46% |
| Dividends Paid | CN¥47.85 Million | -1.99% |
| Share Repurchases | CN¥80.05 Million | -3.32% |
| Other Comprehensive Income | CN¥-14.77 Million | -0.61% |
| Other Changes | CN¥40.32 Million | +1.67% |
| Total Change | CN¥- | 6.63% |
Book Value vs Market Value Analysis
This analysis compares Hunan Changgao High Voltage Switchgear Group 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: 2.93x
- 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 27.49x to 2.93x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.42 | CN¥11.62 | x |
| 2008-12-31 | CN¥0.64 | CN¥11.62 | x |
| 2009-12-31 | CN¥0.81 | CN¥11.62 | x |
| 2010-12-31 | CN¥2.16 | CN¥11.62 | x |
| 2011-12-31 | CN¥1.92 | CN¥11.62 | x |
| 2012-12-31 | CN¥1.99 | CN¥11.62 | x |
| 2013-12-31 | CN¥2.08 | CN¥11.62 | x |
| 2014-12-31 | CN¥2.23 | CN¥11.62 | x |
| 2015-12-31 | CN¥2.33 | CN¥11.62 | x |
| 2016-12-31 | CN¥2.50 | CN¥11.62 | x |
| 2017-12-31 | CN¥2.58 | CN¥11.62 | x |
| 2018-12-31 | CN¥2.28 | CN¥11.62 | x |
| 2019-12-31 | CN¥2.37 | CN¥11.62 | x |
| 2020-12-31 | CN¥2.74 | CN¥11.62 | x |
| 2021-12-31 | CN¥3.71 | CN¥11.62 | x |
| 2022-12-31 | CN¥3.38 | CN¥11.62 | x |
| 2023-12-31 | CN¥3.64 | CN¥11.62 | x |
| 2024-12-31 | CN¥3.97 | CN¥11.62 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hunan Changgao High Voltage Switchgear Group 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): 10.46%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 14.32%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.46x
- Recent ROE (10.46%) is above the historical average (9.43%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 32.30% | 14.56% | 1.01x | 2.19x | CN¥34.37 Million |
| 2008 | 28.70% | 17.82% | 0.84x | 1.92x | CN¥46.33 Million |
| 2009 | 23.51% | 18.94% | 0.72x | 1.72x | CN¥42.82 Million |
| 2010 | 4.77% | 15.02% | 0.27x | 1.20x | CN¥-50.02 Million |
| 2011 | 4.99% | 14.24% | 0.27x | 1.28x | CN¥-49.95 Million |
| 2012 | 5.29% | 13.36% | 0.32x | 1.22x | CN¥-48.84 Million |
| 2013 | 7.05% | 15.43% | 0.38x | 1.21x | CN¥-32.00 Million |
| 2014 | 7.71% | 18.90% | 0.34x | 1.19x | CN¥-26.81 Million |
| 2015 | 5.58% | 10.27% | 0.36x | 1.49x | CN¥-53.98 Million |
| 2016 | 9.16% | 9.32% | 0.45x | 2.16x | CN¥-11.01 Million |
| 2017 | 4.45% | 4.30% | 0.49x | 2.11x | CN¥-75.87 Million |
| 2018 | -22.15% | -23.36% | 0.43x | 2.19x | CN¥-357.13 Million |
| 2019 | 10.78% | 11.69% | 0.39x | 2.35x | CN¥9.86 Million |
| 2020 | 14.69% | 13.66% | 0.43x | 2.49x | CN¥68.10 Million |
| 2021 | 12.07% | 16.53% | 0.46x | 1.60x | CN¥43.16 Million |
| 2022 | 2.76% | 4.74% | 0.38x | 1.55x | CN¥-151.94 Million |
| 2023 | 7.66% | 11.59% | 0.46x | 1.43x | CN¥-52.86 Million |
| 2024 | 10.46% | 14.32% | 0.50x | 1.46x | CN¥11.19 Million |
Industry Comparison
This section compares Hunan Changgao High Voltage Switchgear Group Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hunan Changgao High Voltage Switchgear Group Co Ltd (002452) | CN¥2.60 Billion | 32.30% | 0.37x | $686.89 Million |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |