Sichuan Mingxing Electric Power Co Ltd (600101) - Net Assets

Latest as of September 2025: CN¥3.10 Billion CNY ≈ $454.15 Million USD

Based on the latest financial reports, Sichuan Mingxing Electric Power Co Ltd (600101) has net assets worth CN¥3.10 Billion CNY (≈ $454.15 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¥4.18 Billion ≈ $611.74 Million USD) and total liabilities (CN¥1.08 Billion ≈ $157.59 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 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥3.10 Billion
% of Total Assets	74.24%
Annual Growth Rate	10.98%
5-Year Change	23.13%
10-Year Change	56.22%
Growth Volatility	20.72

Sichuan Mingxing Electric Power Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Sichuan Mingxing Electric Power Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Sichuan Mingxing Electric Power Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for Sichuan Mingxing Electric Power Co Ltd (1994–2024)

The table below shows the annual net assets of Sichuan Mingxing Electric Power Co Ltd from 1994 to 2024. For live valuation and market cap data, see Sichuan Mingxing Electric Power Co Ltd market cap and net worth.

Year	Net Assets	Change
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	--

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 34564.7% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥1.81 Billion	60.34%
Common Stock	CN¥547.86 Million	18.30%
Other Comprehensive Income	CN¥477.10 Million	15.94%
Other Components	CN¥162.42 Million	5.42%
Total Equity	CN¥2.99 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
Johns LYNG Group Ltd AU:JLG	$806.21 Million
Tanla Platforms Limited NSE:TANLA	$806.26 Million
Cera Sanitaryware Limited NSE:CERA	$806.33 Million
Haoxiangni Jujube Co Ltd SHE:002582	$806.47 Million
Luyan Pharma Co Ltd SHE:002788	$805.60 Million
Sudarshan Chemical Industries Limited NSE:SUDARSCHEM	$805.40 Million
Whirlpool S.A SA:WHRL3	$805.38 Million
Akasha Wira International Tbk JK:ADES	$805.38 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 2023 to 2024, total equity changed from 2,818,782,021 to 2,993,886,516, a change of 175,104,495 (6.2%).
Net income of 209,316,391 contributed positively to equity growth.
Dividend payments of 45,061,231 reduced retained earnings.
Other comprehensive income increased equity by 443,142,553.
Other factors decreased equity by 432,293,218.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥209.32 Million	+6.99%
Dividends Paid	CN¥45.06 Million	-1.51%
Other Comprehensive Income	CN¥443.14 Million	+14.8%
Other Changes	CN¥-432.29 Million	-14.44%
Total Change	CN¥-	6.21%

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: 1.84x
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 32.66x to 1.84x 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¥10.05	x
1995-12-31	CN¥0.36	CN¥10.05	x
1996-12-31	CN¥0.42	CN¥10.05	x
1997-12-31	CN¥0.53	CN¥10.05	x
1998-12-31	CN¥0.69	CN¥10.05	x
1999-12-31	CN¥1.36	CN¥10.05	x
2000-12-31	CN¥1.48	CN¥10.05	x
2001-12-31	CN¥2.32	CN¥10.05	x
2002-12-31	CN¥2.41	CN¥10.05	x
2003-12-31	CN¥2.67	CN¥10.05	x
2004-12-31	CN¥2.85	CN¥10.05	x
2005-12-31	CN¥2.11	CN¥10.05	x
2006-12-31	CN¥2.06	CN¥10.05	x
2007-12-31	CN¥2.17	CN¥10.05	x
2008-12-31	CN¥2.34	CN¥10.05	x
2009-12-31	CN¥2.76	CN¥10.05	x
2010-12-31	CN¥3.05	CN¥10.05	x
2011-12-31	CN¥3.54	CN¥10.05	x
2012-12-31	CN¥3.75	CN¥10.05	x
2013-12-31	CN¥4.13	CN¥10.05	x
2014-12-31	CN¥4.31	CN¥10.05	x
2015-12-31	CN¥4.43	CN¥10.05	x
2016-12-31	CN¥4.74	CN¥10.05	x
2017-12-31	CN¥4.89	CN¥10.05	x
2018-12-31	CN¥5.30	CN¥10.05	x
2019-12-31	CN¥5.58	CN¥10.05	x
2020-12-31	CN¥5.75	CN¥10.05	x
2021-12-31	CN¥6.00	CN¥10.05	x
2022-12-31	CN¥6.33	CN¥10.05	x
2023-12-31	CN¥6.69	CN¥10.05	x
2024-12-31	CN¥5.46	CN¥10.05	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): 6.99%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.36%
• Asset Turnover: 0.69x
• Equity Multiplier: 1.37x
Recent ROE (6.99%) is below the historical average (7.11%), 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

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: $5,487,266,367
Average return on equity (ROE) among peers: 79.66%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Sichuan Mingxing Electric Power Co Ltd (600101)	CN¥3.10 Billion	15.04%	0.35x	$805.70 Million
Shenyang Huitian Thermal Power Co Ltd (000692)	$208.52 Million	468.49%	24.91x	$400.77 Million
Shenyang Jinshan Energy Co Ltd (600396)	$2.97 Billion	9.33%	4.06x	$2.68 Billion
Fujian Funeng Co Ltd (600483)	$11.11 Billion	7.59%	0.78x	$4.12 Billion
Xinjiang Tianfu Energy Co Ltd (600509)	$187.05 Million	21.49%	1.63x	$1.74 Billion
Shenergy Co Ltd (600642)	$17.83 Billion	3.32%	0.76x	$6.73 Billion
Hunan Chen Dian International Development Co Ltd (600969)	$617.06 Million	-32.30%	2.80x	$607.56 Million

About Sichuan Mingxing Electric Power Co Ltd

SHG:600101 China Utilities - Diversified

Market Cap

$805.70 Million

CN¥5.51 Billion CNY

Market Cap Rank

#10231 Global

#2963 in China

Share Price

CN¥10.05

Change (1 day)

+0.20%

52-Week Range

CN¥8.90 - CN¥11.95

All Time High

CN¥15.80