Shenzhen Megmeet Electrical Co Ltd (002851) - Net Assets
Based on the latest financial reports, Shenzhen Megmeet Electrical Co Ltd (002851) has net assets worth CN¥6.38 Billion CNY (≈ $933.29 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¥13.10 Billion ≈ $1.92 Billion USD) and total liabilities (CN¥6.72 Billion ≈ $983.03 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 Shenzhen Megmeet Electrical Co Ltd's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥6.38 Billion |
| % of Total Assets | 48.7% |
| Annual Growth Rate | 29.68% |
| 5-Year Change | 97.63% |
| 10-Year Change | 895.52% |
| Growth Volatility | 32.43 |
Shenzhen Megmeet Electrical Co Ltd - Net Assets Trend (2009–2024)
This chart illustrates how Shenzhen Megmeet Electrical Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 002851 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shenzhen Megmeet Electrical Co Ltd (2009–2024)
The table below shows the annual net assets of Shenzhen Megmeet Electrical Co Ltd from 2009 to 2024. For live valuation and market cap data, see Shenzhen Megmeet Electrical Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.12 Billion ≈ $894.84 Million |
+34.68% |
| 2023-12-31 | CN¥4.54 Billion ≈ $664.42 Million |
+18.50% |
| 2022-12-31 | CN¥3.83 Billion ≈ $560.69 Million |
+20.05% |
| 2021-12-31 | CN¥3.19 Billion ≈ $467.04 Million |
+3.15% |
| 2020-12-31 | CN¥3.09 Billion ≈ $452.78 Million |
+58.65% |
| 2019-12-31 | CN¥1.95 Billion ≈ $285.39 Million |
+15.64% |
| 2018-12-31 | CN¥1.69 Billion ≈ $246.78 Million |
+18.30% |
| 2017-12-31 | CN¥1.43 Billion ≈ $208.60 Million |
+86.73% |
| 2016-12-31 | CN¥763.43 Million ≈ $111.71 Million |
+24.28% |
| 2015-12-31 | CN¥614.27 Million ≈ $89.89 Million |
+13.84% |
| 2014-12-31 | CN¥539.59 Million ≈ $78.96 Million |
+7.56% |
| 2013-12-31 | CN¥501.66 Million ≈ $73.41 Million |
+5.85% |
| 2012-12-31 | CN¥473.94 Million ≈ $69.35 Million |
+19.48% |
| 2011-12-31 | CN¥396.65 Million ≈ $58.04 Million |
+42.61% |
| 2010-12-31 | CN¥278.15 Million ≈ $40.70 Million |
+124.32% |
| 2009-12-31 | CN¥123.99 Million ≈ $18.14 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shenzhen Megmeet 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 2323.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.72 Billion | 45.17% |
| Common Stock | CN¥545.63 Million | 9.07% |
| Other Comprehensive Income | CN¥349.73 Million | 5.81% |
| Other Components | CN¥2.40 Billion | 39.94% |
| Total Equity | CN¥6.01 Billion | 100.00% |
Shenzhen Megmeet Electrical Co Ltd Competitors by Market Cap
The table below lists competitors of Shenzhen Megmeet Electrical Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shandong Himile Mechanical Science & Technology Co Ltd
SHE:002595
|
$10.24 Billion |
|
SK TELECOM CO.LTD.ADR 5/9
F:KMBA
|
$10.24 Billion |
|
On Holding Ltd
NYSE:ONON
|
$10.25 Billion |
|
KT Corporation
NYSE:KT
|
$10.25 Billion |
|
Antero Midstream Partners LP
NYSE:AM
|
$10.22 Billion |
|
Orient Sec Co Ltd
SHG:600958
|
$10.21 Billion |
|
BALOISE HLDG AG ADR/1/10
F:BLO
|
$10.20 Billion |
|
Dynatrace Holdings LLC
NYSE:DT
|
$10.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shenzhen Megmeet Electrical Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,417,012,017 to 6,014,447,654, a change of 1,597,435,637 (36.2%).
- Net income of 436,121,904 contributed positively to equity growth.
- Dividend payments of 132,041,577 reduced retained earnings.
- Share repurchases of 20,493,998 reduced equity.
- Other comprehensive income increased equity by 349,734,110.
- Other factors increased equity by 964,115,198.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥436.12 Million | +7.25% |
| Dividends Paid | CN¥132.04 Million | -2.2% |
| Share Repurchases | CN¥20.49 Million | -0.34% |
| Other Comprehensive Income | CN¥349.73 Million | +5.81% |
| Other Changes | CN¥964.12 Million | +16.03% |
| Total Change | CN¥- | 36.17% |
Book Value vs Market Value Analysis
This analysis compares Shenzhen Megmeet 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: 10.53x
- 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 270.64x to 10.53x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2009-12-31 | CN¥0.44 | CN¥120.21 | x |
| 2010-12-31 | CN¥1.01 | CN¥120.21 | x |
| 2011-12-31 | CN¥1.30 | CN¥120.21 | x |
| 2012-12-31 | CN¥1.54 | CN¥120.21 | x |
| 2013-12-31 | CN¥1.62 | CN¥120.21 | x |
| 2014-12-31 | CN¥1.75 | CN¥120.21 | x |
| 2015-12-31 | CN¥1.94 | CN¥120.21 | x |
| 2016-12-31 | CN¥2.30 | CN¥120.21 | x |
| 2017-12-31 | CN¥3.41 | CN¥120.21 | x |
| 2018-12-31 | CN¥3.82 | CN¥120.21 | x |
| 2019-12-31 | CN¥4.14 | CN¥120.21 | x |
| 2020-12-31 | CN¥6.43 | CN¥120.21 | x |
| 2021-12-31 | CN¥6.31 | CN¥120.21 | x |
| 2022-12-31 | CN¥7.36 | CN¥120.21 | x |
| 2023-12-31 | CN¥8.15 | CN¥120.21 | x |
| 2024-12-31 | CN¥11.41 | CN¥120.21 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shenzhen Megmeet 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): 7.25%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.34%
- • Asset Turnover: 0.68x
- • Equity Multiplier: 1.99x
- Recent ROE (7.25%) is below the historical average (15.52%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2009 | 53.07% | 17.56% | 1.00x | 3.01x | CN¥52.00 Million |
| 2010 | 14.66% | 7.77% | 1.00x | 1.88x | CN¥12.81 Million |
| 2011 | 27.17% | 13.78% | 1.05x | 1.89x | CN¥66.57 Million |
| 2012 | 16.03% | 10.26% | 0.84x | 1.85x | CN¥27.85 Million |
| 2013 | 4.87% | 4.46% | 0.59x | 1.86x | CN¥-24.93 Million |
| 2014 | 7.20% | 5.94% | 0.69x | 1.74x | CN¥-14.66 Million |
| 2015 | 9.75% | 6.96% | 0.72x | 1.95x | CN¥-1.45 Million |
| 2016 | 15.91% | 9.50% | 0.80x | 2.09x | CN¥40.74 Million |
| 2017 | 8.94% | 7.83% | 0.65x | 1.76x | CN¥-13.95 Million |
| 2018 | 12.26% | 8.44% | 0.75x | 1.95x | CN¥37.21 Million |
| 2019 | 18.74% | 10.14% | 0.90x | 2.05x | CN¥168.43 Million |
| 2020 | 13.13% | 11.93% | 0.64x | 1.71x | CN¥96.03 Million |
| 2021 | 12.32% | 9.36% | 0.67x | 1.97x | CN¥73.15 Million |
| 2022 | 12.76% | 8.63% | 0.65x | 2.29x | CN¥102.30 Million |
| 2023 | 14.25% | 9.32% | 0.67x | 2.29x | CN¥187.62 Million |
| 2024 | 7.25% | 5.34% | 0.68x | 1.99x | CN¥-165.32 Million |
Industry Comparison
This section compares Shenzhen Megmeet 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: $1,164,821,620
- Average return on equity (ROE) among peers: -27.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shenzhen Megmeet Electrical Co Ltd (002851) | CN¥6.38 Billion | 53.07% | 1.05x | $10.23 Billion |
| XJ Electric Co Ltd (000400) | $789.62 Million | 13.31% | 0.28x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $3.00 Billion | 13.36% | 0.15x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.32 Billion | 0.16% | 0.16x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $967.32 Million | 3.48% | 4.72x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $141.93 Million | 21.53% | 0.30x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $478.86 Million | 17.57% | 0.71x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $170.82 Million | 5.01% | 0.32x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $3.04 Billion | 19.22% | 1.21x | $9.75 Billion |
About Shenzhen Megmeet Electrical Co Ltd
Shenzhen Megmeet Electrical Co., LTD operates as an electrical automation company in China. The company offers power solutions, including datacenter power solutions; LED, enclosed, display, telecom, high-voltage microwave, and electric and laser power supply solutions; and PV and ESS charging, and bi-directional inverters for portable power stations. It also provides industrial automation product… Read more