Shanghai Liangxin Electrical Co Ltd (002706) - Net Assets

Latest as of September 2025: CN¥4.15 Billion CNY ≈ $607.37 Million USD

Based on the latest financial reports, Shanghai Liangxin Electrical Co Ltd (002706) has net assets worth CN¥4.15 Billion CNY (≈ $607.37 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¥6.06 Billion ≈ $886.59 Million USD) and total liabilities (CN¥1.91 Billion ≈ $279.22 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 002706 asset resilience ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.15 Billion
% of Total Assets	68.51%
Annual Growth Rate	35.91%
5-Year Change	95.15%
10-Year Change	336.53%
Growth Volatility	45.46

Shanghai Liangxin Electrical Co Ltd - Net Assets Trend (2007–2024)

This chart illustrates how Shanghai Liangxin Electrical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanghai Liangxin Electrical Co Ltd asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Liangxin Electrical Co Ltd (2007–2024)

The table below shows the annual net assets of Shanghai Liangxin Electrical Co Ltd from 2007 to 2024. For live valuation and market cap data, see 002706 company net worth.

Year	Net Assets	Change
2024-12-31	CN¥3.98 Billion ≈ $582.01 Million	-3.81%
2023-12-31	CN¥4.13 Billion ≈ $605.07 Million	+10.46%
2022-12-31	CN¥3.74 Billion ≈ $547.78 Million	+69.68%
2021-12-31	CN¥2.21 Billion ≈ $322.83 Million	+8.25%
2020-12-31	CN¥2.04 Billion ≈ $298.23 Million	+12.81%
2019-12-31	CN¥1.81 Billion ≈ $264.36 Million	+2.66%
2018-12-31	CN¥1.76 Billion ≈ $257.50 Million	+4.18%
2017-12-31	CN¥1.69 Billion ≈ $247.18 Million	+8.73%
2016-12-31	CN¥1.55 Billion ≈ $227.32 Million	+70.50%
2015-12-31	CN¥911.11 Million ≈ $133.32 Million	+15.81%
2014-12-31	CN¥786.74 Million ≈ $115.12 Million	+108.73%
2013-12-31	CN¥376.91 Million ≈ $55.15 Million	+27.39%
2012-12-31	CN¥295.88 Million ≈ $43.30 Million	+32.91%
2011-12-31	CN¥222.61 Million ≈ $32.58 Million	+23.63%
2010-12-31	CN¥180.07 Million ≈ $26.35 Million	+53.23%
2009-12-31	CN¥117.51 Million ≈ $17.20 Million	+109.42%
2008-12-31	CN¥56.11 Million ≈ $8.21 Million	+160.06%
2007-12-31	CN¥21.58 Million ≈ $3.16 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Liangxin Electrical 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 18049.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.29 Billion	32.31%
Common Stock	CN¥1.12 Billion	28.24%
Other Components	CN¥1.57 Billion	39.45%
Total Equity	CN¥3.98 Billion	100.00%

Shanghai Liangxin Electrical Co Ltd Competitors by Market Cap

The table below lists competitors of Shanghai Liangxin Electrical Co Ltd ranked by their market capitalization.

Company	Market Cap
Siloam International Hospitals JK:SILO	$1.90 Billion
Compañía Cervecerías Unidas S.A F:CVU	$1.90 Billion
Grupo Lamosa S.A.B. de C.V MX:LAMOSA	$1.90 Billion
Babcock & Wilcox Enterprises Inc NYSE:BW	$1.90 Billion
Northking Information Technology Co SHE:002987	$1.90 Billion
Region Group AU:RGN	$1.90 Billion
Sichuan Jiuzhou Electronic Co Ltd SHE:000801	$1.90 Billion
Stadler Rail AG SW:SRAIL	$1.90 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 4,134,942,564 to 3,977,356,624, a change of -157,585,940 (-3.8%).
Net income of 312,113,177 contributed positively to equity growth.
Dividend payments of 284,374,287 reduced retained earnings.
Share repurchases of 250,061,160 reduced equity.
Other factors increased equity by 64,736,330.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥312.11 Million	+7.85%
Dividends Paid	CN¥284.37 Million	-7.15%
Share Repurchases	CN¥250.06 Million	-6.29%
Other Changes	CN¥64.74 Million	+1.63%
Total Change	CN¥-	-3.81%

Book Value vs Market Value Analysis

This analysis compares Shanghai Liangxin Electrical 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: 3.24x
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 54.91x to 3.24x 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¥0.21	CN¥11.57	x
2008-12-31	CN¥0.55	CN¥11.57	x
2009-12-31	CN¥0.20	CN¥11.57	x
2010-12-31	CN¥0.28	CN¥11.57	x
2011-12-31	CN¥0.34	CN¥11.57	x
2012-12-31	CN¥0.45	CN¥11.57	x
2013-12-31	CN¥0.57	CN¥11.57	x
2014-12-31	CN¥0.92	CN¥11.57	x
2015-12-31	CN¥1.03	CN¥11.57	x
2016-12-31	CN¥1.62	CN¥11.57	x
2017-12-31	CN¥1.67	CN¥11.57	x
2018-12-31	CN¥1.71	CN¥11.57	x
2019-12-31	CN¥1.81	CN¥11.57	x
2020-12-31	CN¥2.04	CN¥11.57	x
2021-12-31	CN¥2.16	CN¥11.57	x
2022-12-31	CN¥3.46	CN¥11.57	x
2023-12-31	CN¥3.64	CN¥11.57	x
2024-12-31	CN¥3.57	CN¥11.57	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Liangxin Electrical 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): 7.85%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.36%
• Asset Turnover: 0.77x
• Equity Multiplier: 1.38x
Recent ROE (7.85%) is below the historical average (20.46%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	35.57%	3.74%	2.37x	4.02x	CN¥5.45 Million
2008	63.95%	13.66%	2.26x	2.07x	CN¥30.27 Million
2009	9.60%	3.51%	1.51x	1.81x	CN¥-467.01K
2010	34.74%	15.42%	1.44x	1.57x	CN¥44.55 Million
2011	32.17%	12.65%	1.32x	1.93x	CN¥49.35 Million
2012	24.76%	12.21%	1.22x	1.66x	CN¥43.68 Million
2013	21.50%	11.85%	1.12x	1.63x	CN¥43.34 Million
2014	12.75%	11.72%	0.82x	1.32x	CN¥21.60 Million
2015	13.73%	12.35%	0.82x	1.35x	CN¥34.02 Million
2016	10.44%	13.23%	0.65x	1.22x	CN¥6.85 Million
2017	12.44%	14.48%	0.71x	1.20x	CN¥41.28 Million
2018	12.61%	14.10%	0.73x	1.23x	CN¥46.00 Million
2019	15.12%	13.40%	0.88x	1.29x	CN¥92.43 Million
2020	18.42%	12.45%	0.93x	1.60x	CN¥171.66 Million
2021	18.97%	10.39%	0.91x	2.00x	CN¥197.91 Million
2022	11.27%	10.15%	0.73x	1.52x	CN¥47.43 Million
2023	12.36%	11.14%	0.79x	1.41x	CN¥97.48 Million
2024	7.85%	7.36%	0.77x	1.38x	CN¥-85.62 Million

Industry Comparison

This section compares Shanghai Liangxin Electrical 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: $2,126,582,124
Average return on equity (ROE) among peers: 8.28%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Liangxin Electrical Co Ltd (002706)	CN¥4.15 Billion	35.57%	0.46x	$1.90 Billion
XJ Electric Co Ltd (000400)	$2.20 Billion	5.89%	1.09x	$3.75 Billion
Guangdong Macro Co Ltd (000533)	$874.93 Million	-1.17%	1.71x	$1.28 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.71 Billion	7.84%	0.11x	$1.02 Billion
Dongfang Electronics Co Ltd (000682)	$86.35 Million	23.75%	0.85x	$2.56 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.31 Billion	8.55%	0.86x	$834.77 Million
Huagong Tech Co Ltd (000988)	$1.22 Billion	3.70%	0.93x	$17.59 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.54 Billion	5.61%	1.58x	$1.79 Billion
Sieyuan Electric Co Ltd (002028)	$65.21 Million	33.34%	0.57x	$22.29 Billion
Shanghai Welltech Automation Co Ltd (002058)	$183.97 Million	-6.05%	0.22x	$526.87 Million
Gotion High tech Co Ltd (002074)	$11.08 Billion	1.35%	1.51x	$9.75 Billion

About Shanghai Liangxin Electrical Co Ltd

SHE:002706 China Electrical Equipment & Parts

Market Cap

$1.90 Billion

CN¥12.99 Billion CNY

Market Cap Rank

#6462 Global

#1460 in China

Share Price

CN¥11.57

Change (1 day)

+2.21%

52-Week Range

CN¥8.33 - CN¥12.96

All Time High

CN¥24.11