Hunan Changgao High Voltage Switchgear Group Co Ltd (002452) - Net Assets

Latest as of September 2025: CN¥2.60 Billion CNY ≈ $380.66 Million USD

Based on the latest financial reports, Hunan Changgao High Voltage Switchgear Group Co Ltd (002452) has net assets worth CN¥2.60 Billion CNY (≈ $380.66 Million 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¥3.57 Billion ≈ $522.51 Million USD) and total liabilities (CN¥969.32 Million ≈ $141.84 Million 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 resilient are Hunan Changgao High Voltage Switchgear G's assets to evaluate the company's liquid asset resilience ratio.

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. Also explore Hunan Changgao High Voltage Switchgear G asset portfolio for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of Hunan Changgao High Voltage Switchgear G.

Year	Net Assets	Change
2024-12-31	CN¥2.41 Billion ≈ $352.84 Million	+6.62%
2023-12-31	CN¥2.26 Billion ≈ $330.92 Million	+7.51%
2022-12-31	CN¥2.10 Billion ≈ $307.80 Million	+0.50%
2021-12-31	CN¥2.09 Billion ≈ $306.29 Million	+42.80%
2020-12-31	CN¥1.47 Billion ≈ $214.49 Million	+15.54%
2019-12-31	CN¥1.27 Billion ≈ $185.63 Million	+11.39%
2018-12-31	CN¥1.14 Billion ≈ $166.66 Million	-18.27%
2017-12-31	CN¥1.39 Billion ≈ $203.91 Million	+5.02%
2016-12-31	CN¥1.33 Billion ≈ $194.16 Million	+7.68%
2015-12-31	CN¥1.23 Billion ≈ $180.30 Million	+4.46%
2014-12-31	CN¥1.18 Billion ≈ $172.60 Million	+7.66%
2013-12-31	CN¥1.10 Billion ≈ $160.31 Million	+4.27%
2012-12-31	CN¥1.05 Billion ≈ $153.75 Million	+3.12%
2011-12-31	CN¥1.02 Billion ≈ $149.11 Million	+4.00%
2010-12-31	CN¥979.75 Million ≈ $143.37 Million	+205.24%
2009-12-31	CN¥320.98 Million ≈ $46.97 Million	+29.54%
2008-12-31	CN¥247.79 Million ≈ $36.26 Million	+60.42%
2007-12-31	CN¥154.46 Million ≈ $22.60 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
Univest Corporation Pennsylvania NASDAQ:UVSP	$994.94 Million
PM Capital Global Opportunities Fund Ltd AU:PGF	$994.96 Million
Supply Network Ltd AU:SNL	$995.01 Million
Turk Traktor ve Ziraat Makineleri AS IS:TTRAK	$995.11 Million
Shanghai Shibei Hi-Tech Co Ltd A SHG:600604	$994.76 Million
Solareast Holdings Co Ltd SHG:603366	$994.63 Million
Verve Therapeutics Inc NASDAQ:VERV	$994.04 Million
Cleanaway Co Ltd TW:8422	$993.87 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: 2.76x
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 25.93x to 2.76x 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¥10.96	x
2008-12-31	CN¥0.64	CN¥10.96	x
2009-12-31	CN¥0.81	CN¥10.96	x
2010-12-31	CN¥2.16	CN¥10.96	x
2011-12-31	CN¥1.92	CN¥10.96	x
2012-12-31	CN¥1.99	CN¥10.96	x
2013-12-31	CN¥2.08	CN¥10.96	x
2014-12-31	CN¥2.23	CN¥10.96	x
2015-12-31	CN¥2.33	CN¥10.96	x
2016-12-31	CN¥2.50	CN¥10.96	x
2017-12-31	CN¥2.58	CN¥10.96	x
2018-12-31	CN¥2.28	CN¥10.96	x
2019-12-31	CN¥2.37	CN¥10.96	x
2020-12-31	CN¥2.74	CN¥10.96	x
2021-12-31	CN¥3.71	CN¥10.96	x
2022-12-31	CN¥3.38	CN¥10.96	x
2023-12-31	CN¥3.64	CN¥10.96	x
2024-12-31	CN¥3.97	CN¥10.96	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: $2,004,947,424
Average return on equity (ROE) among peers: -24.91%

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	$994.88 Million
Huayi Compressor Co Ltd (000404)	$4.89 Billion	8.55%	1.57x	$843.29 Million
Shenyang Machine Tool Co Ltd (000410)	$824.03 Million	-170.30%	29.09x	$2.39 Billion
North Industries Group Red Arrow Co Ltd (000519)	$319.51 Million	4.81%	0.48x	$3.61 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$3.45 Billion	2.58%	0.60x	$520.37 Million
Changchai Co Ltd (000570)	$3.36 Billion	2.28%	0.55x	$522.04 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$327.45 Million	-65.69%	8.93x	$32.29 Million
Baota Industry Co Ltd (000595)	$746.32 Million	-18.39%	0.62x	$1.06 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$280.92 Million	8.98%	0.50x	$1.11 Billion
J.S. Corrugating Machinery Co Ltd (000821)	$2.30 Billion	-22.46%	1.14x	$938.81 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$3.55 Billion	0.54%	0.80x	$1.66 Billion

About Hunan Changgao High Voltage Switchgear Group Co Ltd

SHE:002452 China Specialty Industrial Machinery

Market Cap

$994.88 Million

CN¥6.80 Billion CNY

Market Cap Rank

#9142 Global

#2456 in China

Share Price

CN¥10.96

Change (1 day)

+0.37%

52-Week Range

CN¥6.77 - CN¥12.88

All Time High

CN¥12.88