Guangdong Mingyang Electric Co. Ltd. A (301291) - Net Assets
Based on the latest financial reports, Guangdong Mingyang Electric Co. Ltd. A (301291) has net assets worth CN¥4.77 Billion CNY (≈ $697.61 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥9.26 Billion ≈ $1.36 Billion USD) and total liabilities (CN¥4.49 Billion ≈ $657.71 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 financial resilience of Guangdong Mingyang Electric Co. Ltd. A to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.77 Billion |
| % of Total Assets | 51.47% |
| Annual Growth Rate | 88.05% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 146.58 |
Guangdong Mingyang Electric Co. Ltd. A - Net Assets Trend (2021–2024)
This chart illustrates how Guangdong Mingyang Electric Co. Ltd. A's net assets have evolved over time, based on quarterly financial data. Also explore Guangdong Mingyang Electric Co. Ltd. A assets under control for the complete picture of this company's asset base.
Annual Net Assets for Guangdong Mingyang Electric Co. Ltd. A (2021–2024)
The table below shows the annual net assets of Guangdong Mingyang Electric Co. Ltd. A from 2021 to 2024. For live valuation and market cap data, see 301291 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.67 Billion ≈ $683.66 Million |
+10.75% |
| 2023-12-31 | CN¥4.22 Billion ≈ $617.28 Million |
+334.52% |
| 2022-12-31 | CN¥970.80 Million ≈ $142.06 Million |
+38.24% |
| 2021-12-31 | CN¥702.26 Million ≈ $102.76 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guangdong Mingyang Electric Co. Ltd. A'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 456.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.30 Billion | 27.92% |
| Other Components | CN¥3.37 Billion | 72.08% |
| Total Equity | CN¥4.67 Billion | 100.00% |
Guangdong Mingyang Electric Co. Ltd. A Competitors by Market Cap
The table below lists competitors of Guangdong Mingyang Electric Co. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CCC S.A.
WAR:CCC
|
$2.69 Billion |
|
Lennar Corporation
NYSE:LEN-B
|
$2.69 Billion |
|
TAG Immobilien AG
F:TEG
|
$2.69 Billion |
|
Manappuram Finance Limited
NSE:MANAPPURAM
|
$2.69 Billion |
|
Gold Road Resources Ltd
AU:GOR
|
$2.69 Billion |
|
Hubei Yihua Chemical Industry Co Ltd
SHE:000422
|
$2.69 Billion |
|
Verallia
PA:VRLA
|
$2.69 Billion |
|
Willfar Information Technology Co Ltd
SHG:688100
|
$2.69 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Mingyang Electric Co. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,218,367,004 to 4,671,981,904, a change of 453,614,900 (10.8%).
- Net income of 662,518,863 contributed positively to equity growth.
- Dividend payments of 201,367,062 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥662.52 Million | +14.18% |
| Dividends Paid | CN¥201.37 Million | -4.31% |
| Other Changes | CN¥-7.54 Million | -0.16% |
| Total Change | CN¥- | 10.75% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Mingyang Electric Co. Ltd. A'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: 3.94x
- 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 19.65x to 3.94x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-12-31 | CN¥3.00 | CN¥58.94 | x |
| 2022-12-31 | CN¥4.15 | CN¥58.94 | x |
| 2023-12-31 | CN¥13.51 | CN¥58.94 | x |
| 2024-12-31 | CN¥14.96 | CN¥58.94 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Mingyang Electric Co. Ltd. A 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): 14.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.28%
- • Asset Turnover: 0.69x
- • Equity Multiplier: 2.00x
- Recent ROE (14.18%) is below the historical average (19.06%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 22.98% | 7.95% | 0.77x | 3.75x | CN¥91.16 Million |
| 2022 | 27.33% | 8.20% | 0.85x | 3.91x | CN¥168.21 Million |
| 2023 | 11.74% | 9.96% | 0.63x | 1.86x | CN¥73.33 Million |
| 2024 | 14.18% | 10.28% | 0.69x | 2.00x | CN¥195.32 Million |
Industry Comparison
This section compares Guangdong Mingyang Electric Co. Ltd. A'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 |
|---|---|---|---|---|
| Guangdong Mingyang Electric Co. Ltd. A (301291) | CN¥4.77 Billion | 22.98% | 0.94x | $2.69 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 Guangdong Mingyang Electric Co. Ltd. A
Guangdong Mingyang Electric Co.,Ltd. engages in the research, development, production, and sale of high/low voltage switchgear, transformer, and power transmission and distribution equipment in China. It offers box transformers, prefabricated substation and transformer equipment, and intelligent devices and systems. The company serves power generation, power grid, data center, rail transit, petro… Read more