Sichuan Mingxing Electric Power Co Ltd (600101) - Net Assets
Based on the latest financial reports, Sichuan Mingxing Electric Power Co Ltd (600101) has net assets worth CN¥3.16 Billion CNY (≈ $462.22 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥4.27 Billion ≈ $624.44 Million USD) and total liabilities (CN¥1.11 Billion ≈ $162.22 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 600101 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.16 Billion |
| % of Total Assets | 74.02% |
| Annual Growth Rate | 10.71% |
| 5-Year Change | 21.5% |
| 10-Year Change | 55.31% |
| Growth Volatility | 20.45 |
Sichuan Mingxing Electric Power Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Sichuan Mingxing Electric Power Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Sichuan Mingxing Electric Power Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Sichuan Mingxing Electric Power Co Ltd (1994–2025)
The table below shows the annual net assets of Sichuan Mingxing Electric Power Co Ltd from 1994 to 2025. For live valuation and market cap data, see Sichuan Mingxing Electric Power Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.08 Billion ≈ $451.41 Million |
+3.04% |
| 2024-12-31 | CN¥2.99 Billion ≈ $438.10 Million |
+6.21% |
| 2023-12-31 | CN¥2.82 Billion ≈ $412.48 Million |
+5.73% |
| 2022-12-31 | CN¥2.67 Billion ≈ $390.12 Million |
+5.01% |
| 2021-12-31 | CN¥2.54 Billion ≈ $371.52 Million |
+4.42% |
| 2020-12-31 | CN¥2.43 Billion ≈ $355.79 Million |
+3.23% |
| 2019-12-31 | CN¥2.36 Billion ≈ $344.67 Million |
+5.35% |
| 2018-12-31 | CN¥2.24 Billion ≈ $327.18 Million |
+7.01% |
| 2017-12-31 | CN¥2.09 Billion ≈ $305.75 Million |
+5.20% |
| 2016-12-31 | CN¥1.99 Billion ≈ $290.65 Million |
+3.64% |
| 2015-12-31 | CN¥1.92 Billion ≈ $280.44 Million |
+4.26% |
| 2014-12-31 | CN¥1.84 Billion ≈ $268.99 Million |
+3.96% |
| 2013-12-31 | CN¥1.77 Billion ≈ $258.73 Million |
+8.27% |
| 2012-12-31 | CN¥1.63 Billion ≈ $238.98 Million |
+5.60% |
| 2011-12-31 | CN¥1.55 Billion ≈ $226.31 Million |
+14.42% |
| 2010-12-31 | CN¥1.35 Billion ≈ $197.79 Million |
+14.36% |
| 2009-12-31 | CN¥1.18 Billion ≈ $172.95 Million |
+19.16% |
| 2008-12-31 | CN¥991.85 Million ≈ $145.14 Million |
+6.67% |
| 2007-12-31 | CN¥929.86 Million ≈ $136.07 Million |
+28.88% |
| 2006-12-31 | CN¥721.47 Million ≈ $105.57 Million |
-22.73% |
| 2005-12-31 | CN¥933.70 Million ≈ $136.63 Million |
-33.12% |
| 2004-12-31 | CN¥1.40 Billion ≈ $204.28 Million |
+6.51% |
| 2003-12-31 | CN¥1.31 Billion ≈ $191.79 Million |
+20.30% |
| 2002-12-31 | CN¥1.09 Billion ≈ $159.42 Million |
+9.14% |
| 2001-12-31 | CN¥998.22 Million ≈ $146.07 Million |
+41.47% |
| 2000-12-31 | CN¥705.59 Million ≈ $103.25 Million |
+21.54% |
| 1999-12-31 | CN¥580.54 Million ≈ $84.95 Million |
+95.39% |
| 1998-12-31 | CN¥297.11 Million ≈ $43.48 Million |
+32.25% |
| 1997-12-31 | CN¥224.67 Million ≈ $32.88 Million |
+25.41% |
| 1996-12-31 | CN¥179.15 Million ≈ $26.22 Million |
+17.18% |
| 1995-12-31 | CN¥152.88 Million ≈ $22.37 Million |
+16.14% |
| 1994-12-31 | CN¥131.64 Million ≈ $19.26 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Sichuan Mingxing Electric Power 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 36140.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.89 Billion | 61.22% |
| Other Components | CN¥1.20 Billion | 38.78% |
| Total Equity | CN¥3.08 Billion | 100.00% |
Sichuan Mingxing Electric Power Co Ltd Competitors by Market Cap
The table below lists competitors of Sichuan Mingxing Electric Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DongHua Testing Technology Co Ltd
SHE:300354
|
$637.38 Million |
|
Bravura Solutions Ltd
AU:BVS
|
$637.57 Million |
|
Anbio Biotechnology Class A Ordinary Shares
NASDAQ:NNNN
|
$637.74 Million |
|
Hwang Chang General Contractor Co Ltd
TW:2543
|
$637.77 Million |
|
Chengdu XGimi Technology Co. Ltd. A
SHG:688696
|
$637.31 Million |
|
Qingdao Hiron Commercial Cold Chain Co Ltd
SHG:603187
|
$637.26 Million |
|
China Television Media Ltd
SHG:600088
|
$637.26 Million |
|
Castle Biosciences Inc
NASDAQ:CSTL
|
$637.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Sichuan Mingxing Electric Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,993,886,516 to 3,084,842,564, a change of 90,956,048 (3.0%).
- Net income of 183,887,500 contributed positively to equity growth.
- Dividend payments of 67,936,484 reduced retained earnings.
- Other comprehensive income decreased equity by 477,104,217.
- Other factors increased equity by 452,109,249.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥183.89 Million | +5.96% |
| Dividends Paid | CN¥67.94 Million | -2.2% |
| Other Comprehensive Income | CN¥-477.10 Million | -15.47% |
| Other Changes | CN¥452.11 Million | +14.66% |
| Total Change | CN¥- | 3.04% |
Book Value vs Market Value Analysis
This analysis compares Sichuan Mingxing Electric Power 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: 1.41x
- 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 25.84x to 1.41x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.31 | CN¥7.95 | x |
| 1995-12-31 | CN¥0.36 | CN¥7.95 | x |
| 1996-12-31 | CN¥0.42 | CN¥7.95 | x |
| 1997-12-31 | CN¥0.53 | CN¥7.95 | x |
| 1998-12-31 | CN¥0.69 | CN¥7.95 | x |
| 1999-12-31 | CN¥1.36 | CN¥7.95 | x |
| 2000-12-31 | CN¥1.48 | CN¥7.95 | x |
| 2001-12-31 | CN¥2.32 | CN¥7.95 | x |
| 2002-12-31 | CN¥2.41 | CN¥7.95 | x |
| 2003-12-31 | CN¥2.67 | CN¥7.95 | x |
| 2004-12-31 | CN¥2.85 | CN¥7.95 | x |
| 2005-12-31 | CN¥2.11 | CN¥7.95 | x |
| 2006-12-31 | CN¥2.06 | CN¥7.95 | x |
| 2007-12-31 | CN¥2.17 | CN¥7.95 | x |
| 2008-12-31 | CN¥2.34 | CN¥7.95 | x |
| 2009-12-31 | CN¥2.76 | CN¥7.95 | x |
| 2010-12-31 | CN¥3.05 | CN¥7.95 | x |
| 2011-12-31 | CN¥3.54 | CN¥7.95 | x |
| 2012-12-31 | CN¥3.75 | CN¥7.95 | x |
| 2013-12-31 | CN¥4.13 | CN¥7.95 | x |
| 2014-12-31 | CN¥4.31 | CN¥7.95 | x |
| 2015-12-31 | CN¥4.43 | CN¥7.95 | x |
| 2016-12-31 | CN¥4.74 | CN¥7.95 | x |
| 2017-12-31 | CN¥4.89 | CN¥7.95 | x |
| 2018-12-31 | CN¥5.30 | CN¥7.95 | x |
| 2019-12-31 | CN¥5.58 | CN¥7.95 | x |
| 2020-12-31 | CN¥5.75 | CN¥7.95 | x |
| 2021-12-31 | CN¥6.00 | CN¥7.95 | x |
| 2022-12-31 | CN¥6.33 | CN¥7.95 | x |
| 2023-12-31 | CN¥6.69 | CN¥7.95 | x |
| 2024-12-31 | CN¥5.46 | CN¥7.95 | x |
| 2025-12-31 | CN¥5.63 | CN¥7.95 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Sichuan Mingxing Electric Power 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): 5.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.09%
- • Asset Turnover: 0.73x
- • Equity Multiplier: 1.33x
- Recent ROE (5.96%) is below the historical average (7.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 15.04% | 46.06% | 0.23x | 1.43x | CN¥6.63 Million |
| 1995 | 13.89% | 36.61% | 0.28x | 1.35x | CN¥5.95 Million |
| 1996 | 14.66% | 30.75% | 0.38x | 1.27x | CN¥8.35 Million |
| 1997 | 22.57% | 34.62% | 0.53x | 1.23x | CN¥28.24 Million |
| 1998 | 26.67% | 40.65% | 0.57x | 1.16x | CN¥49.54 Million |
| 1999 | 14.32% | 40.18% | 0.31x | 1.14x | CN¥25.06 Million |
| 2000 | 12.89% | 33.54% | 0.25x | 1.53x | CN¥18.30 Million |
| 2001 | 7.90% | 31.55% | 0.18x | 1.37x | CN¥-20.84 Million |
| 2002 | 7.64% | 24.19% | 0.23x | 1.38x | CN¥-24.32 Million |
| 2003 | 9.04% | 25.25% | 0.18x | 2.01x | CN¥-10.92 Million |
| 2004 | 6.89% | 15.36% | 0.21x | 2.12x | CN¥-37.93 Million |
| 2005 | -34.31% | -56.73% | 0.25x | 2.44x | CN¥-400.77 Million |
| 2006 | -28.36% | -31.62% | 0.32x | 2.79x | CN¥-272.74 Million |
| 2007 | 9.63% | 17.11% | 0.25x | 2.28x | CN¥-3.41 Million |
| 2008 | 9.19% | 15.89% | 0.29x | 1.98x | CN¥-7.94 Million |
| 2009 | 14.79% | 22.16% | 0.36x | 1.87x | CN¥55.43 Million |
| 2010 | 11.86% | 18.22% | 0.35x | 1.88x | CN¥24.03 Million |
| 2011 | 14.80% | 27.28% | 0.33x | 1.67x | CN¥71.48 Million |
| 2012 | 6.97% | 12.17% | 0.36x | 1.61x | CN¥-48.13 Million |
| 2013 | 9.49% | 15.24% | 0.42x | 1.48x | CN¥-8.93 Million |
| 2014 | 5.35% | 7.83% | 0.46x | 1.48x | CN¥-84.80 Million |
| 2015 | 4.69% | 7.03% | 0.46x | 1.47x | CN¥-100.79 Million |
| 2016 | 4.22% | 6.04% | 0.49x | 1.43x | CN¥-114.25 Million |
| 2017 | 4.72% | 6.48% | 0.50x | 1.45x | CN¥-109.89 Million |
| 2018 | 4.56% | 6.36% | 0.51x | 1.42x | CN¥-121.40 Million |
| 2019 | 4.24% | 6.20% | 0.49x | 1.40x | CN¥-135.55 Million |
| 2020 | 2.89% | 4.20% | 0.49x | 1.40x | CN¥-172.20 Million |
| 2021 | 4.87% | 6.39% | 0.54x | 1.42x | CN¥-129.61 Million |
| 2022 | 5.97% | 6.70% | 0.62x | 1.43x | CN¥-107.42 Million |
| 2023 | 6.36% | 6.73% | 0.68x | 1.38x | CN¥-102.54 Million |
| 2024 | 6.99% | 7.36% | 0.69x | 1.37x | CN¥-90.07 Million |
| 2025 | 5.96% | 6.09% | 0.73x | 1.33x | CN¥-124.60 Million |
Industry Comparison
This section compares Sichuan Mingxing Electric Power Co Ltd's net assets metrics with peer companies in the Utilities - Diversified industry.
Industry Context
- Industry: Utilities - Diversified
- Average net assets among peers: $10,618,332,495
- Average return on equity (ROE) among peers: 4.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Sichuan Mingxing Electric Power Co Ltd (600101) | CN¥3.16 Billion | 15.04% | 0.35x | $637.35 Million |
| Shenyang Huitian Thermal Power Co Ltd (000692) | $1.29 Billion | 3.21% | 1.93x | $315.78 Million |
| Shenyang Jinshan Energy Co Ltd (600396) | $701.69 Million | 7.16% | 2.74x | $3.31 Billion |
| Fujian Funeng Co Ltd (600483) | $751.81 Million | 3.39% | 0.55x | $4.29 Billion |
| Xinjiang Tianfu Energy Co Ltd (600509) | $6.61 Billion | 0.73% | 2.32x | $1.67 Billion |
| Shenergy Co Ltd (600642) | $50.35 Billion | 7.97% | 1.21x | $6.18 Billion |
| Hunan Chen Dian International Development Co Ltd (600969) | $4.00 Billion | 1.91% | 2.64x | $413.16 Million |
About Sichuan Mingxing Electric Power Co Ltd
Sichuan Mingxing Electric Power Co., Ltd. engages in production and supply of electricity and tap water business in China. The company offers power and water engineering design services. It also provides catering, accommodation, conference, and other services. In addition, the company is involved in the provision of operation and maintenance services; market-oriented electricity sales; energy man… Read more