State Power Rixin Technology Co. Ltd.
State Power Rixin Technology Co., Ltd. provides data services and application solutions for energy industry in China and internationally. The company offers energy data management, intelligent power station services, smart power grid planning and operation services, and power trading services. It also provides energy data management solutions comprising wind and light, centralized, and wind-bird … Read more
State Power Rixin Technology Co. Ltd. (301162) - Net Assets
Latest net assets as of June 2025: CN¥1.20 Billion CNY
Based on the latest financial reports, State Power Rixin Technology Co. Ltd. (301162) has net assets worth CN¥1.20 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.96 Billion) and total liabilities (CN¥761.57 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¥1.20 Billion |
| % of Total Assets | 61.23% |
| Annual Growth Rate | 54.91% |
| 5-Year Change | 537.3% |
| 10-Year Change | N/A |
| Growth Volatility | 115.04 |
State Power Rixin Technology Co. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how State Power Rixin Technology 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 State Power Rixin Technology Co. Ltd. (2019–2024)
The table below shows the annual net assets of State Power Rixin Technology Co. Ltd. from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.19 Billion | +11.18% |
| 2023-12-31 | CN¥1.07 Billion | +6.67% |
| 2022-12-31 | CN¥1.01 Billion | +308.31% |
| 2021-12-31 | CN¥246.39 Million | +31.61% |
| 2020-12-31 | CN¥187.22 Million | +40.09% |
| 2019-12-31 | CN¥133.64 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to State Power Rixin Technology 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 394.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥256.13 Million | 22.13% |
| Other Components | CN¥901.18 Million | 77.87% |
| Total Equity | CN¥1.16 Billion | 100.00% |
State Power Rixin Technology Co. Ltd. Competitors by Market Cap
The table below lists competitors of State Power Rixin Technology Co. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Changhong Tech
SHE:300151
|
$693.14 Million |
|
Meren Energy Inc.
NASDAQ:MRNFF
|
$693.15 Million |
|
Edelweiss Financial Services Limited
NSE:EDELWEISS
|
$693.26 Million |
|
Rizhao Port Co Ltd
SHG:600017
|
$693.50 Million |
|
Leopalace21 Corporation
F:MQI
|
$693.13 Million |
|
Shen Zhen Bauing Construction Holding Group Co Ltd
SHE:002047
|
$693.11 Million |
|
Hengkang Medical Group Co Ltd
SHE:002219
|
$692.82 Million |
|
BIRLASOFT LIMITED
NSE:BSOFT
|
$692.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in State Power Rixin Technology Co. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,072,251,244 to 1,157,309,346, a change of 85,058,102 (7.9%).
- Net income of 93,588,419 contributed positively to equity growth.
- Dividend payments of 46,550,194 reduced retained earnings.
- Other factors increased equity by 38,019,877.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥93.59 Million | +8.09% |
| Dividends Paid | CN¥46.55 Million | -4.02% |
| Other Changes | CN¥38.02 Million | +3.29% |
| Total Change | CN¥- | 7.93% |
Book Value vs Market Value Analysis
This analysis compares State Power Rixin Technology 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: 5.97x
- 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 27.45x to 5.97x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥2.51 | CN¥68.99 | x |
| 2020-12-31 | CN¥2.51 | CN¥68.99 | x |
| 2021-12-31 | CN¥2.76 | CN¥68.99 | x |
| 2022-12-31 | CN¥8.44 | CN¥68.99 | x |
| 2023-12-31 | CN¥9.00 | CN¥68.99 | x |
| 2024-12-31 | CN¥11.56 | CN¥68.99 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently State Power Rixin Technology 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): 8.09%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.02%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 1.55x
- Recent ROE (8.09%) is below the historical average (17.15%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 27.27% | 21.50% | 0.81x | 1.56x | CN¥23.07 Million |
| 2020 | 28.96% | 21.84% | 0.73x | 1.83x | CN¥35.49 Million |
| 2021 | 24.02% | 19.72% | 0.70x | 1.75x | CN¥34.54 Million |
| 2022 | 6.67% | 18.66% | 0.29x | 1.23x | CN¥-33.43 Million |
| 2023 | 7.86% | 18.47% | 0.33x | 1.30x | CN¥-22.98 Million |
| 2024 | 8.09% | 17.02% | 0.31x | 1.55x | CN¥-22.14 Million |
Industry Comparison
This section compares State Power Rixin Technology Co. Ltd.'s net assets metrics with peer companies in the Solar industry.
Industry Context
- Industry: Solar
- Average net assets among peers: $4,629,795,698
- Average return on equity (ROE) among peers: 4.94%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| State Power Rixin Technology Co. Ltd. (301162) | CN¥1.20 Billion | 27.27% | 0.63x | $693.14 Million |
| Shenzhen Topraysolar Co Ltd (002218) | $704.57 Million | 4.73% | 0.28x | $670.55 Million |
| JA Solar Technology Co Ltd (002459) | $30.16 Billion | 18.35% | 1.40x | $2.78 Billion |
| GCL System Integration Technology Co Ltd (002506) | $4.29 Billion | 1.05% | 3.39x | $2.32 Billion |
| Changzhou Almaden Co Ltd (002623) | $40.18 Million | 14.90% | 1.71x | $313.43 Million |
| Hainan Drinda Automotive Trim Co Ltd (002865) | $503.78 Million | 9.15% | 1.26x | $2.32 Billion |
| Henan Yicheng New Energy Co Ltd (300080) | $3.27 Billion | 0.58% | 0.91x | $1.28 Billion |
| Gansu Golden Glass Technologies Co Ltd (300093) | $507.06 Million | -25.83% | 0.95x | $512.56 Million |
| Risen Energy (300118) | $3.14 Billion | 10.27% | 1.70x | $2.05 Billion |
| Lingda Group Co Ltd (300125) | $1.03 Billion | 6.42% | 0.30x | $258.47 Million |
| Jolywood Suzhou Sunwatt Co Ltd (300393) | $2.65 Billion | 9.75% | 1.34x | $1.13 Billion |