State Grid Information&Communication Co Ltd
State Grid Information & Communication Co., Ltd. provides information and communication service. The company offers full lifecycle solutions covering pre-construction consultation, design refinement, project management and implementation, and system integration; value-added data center operation services, including rack rental, server hosting, virtual space rental, and video services for power en… Read more
State Grid Information&Communication Co Ltd (600131) - Net Assets
Latest net assets as of September 2025: CN¥6.41 Billion CNY
Based on the latest financial reports, State Grid Information&Communication Co Ltd (600131) has net assets worth CN¥6.41 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥14.00 Billion) and total liabilities (CN¥7.59 Billion). 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¥6.41 Billion |
| % of Total Assets | 45.81% |
| Annual Growth Rate | 15.21% |
| 5-Year Change | 46.27% |
| 10-Year Change | 653.18% |
| Growth Volatility | 33.79 |
State Grid Information&Communication Co Ltd - Net Assets Trend (1995–2024)
This chart illustrates how State Grid Information&Communication 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 Grid Information&Communication Co Ltd (1995–2024)
The table below shows the annual net assets of State Grid Information&Communication Co Ltd from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.79 Billion | +7.20% |
| 2023-12-31 | CN¥6.33 Billion | +10.41% |
| 2022-12-31 | CN¥5.73 Billion | +11.73% |
| 2021-12-31 | CN¥5.13 Billion | +10.60% |
| 2020-12-31 | CN¥4.64 Billion | +69.52% |
| 2019-12-31 | CN¥2.74 Billion | +123.50% |
| 2018-12-31 | CN¥1.22 Billion | +7.16% |
| 2017-12-31 | CN¥1.14 Billion | +10.49% |
| 2016-12-31 | CN¥1.03 Billion | +14.79% |
| 2015-12-31 | CN¥901.21 Million | +12.28% |
| 2014-12-31 | CN¥802.65 Million | +23.33% |
| 2013-12-31 | CN¥650.82 Million | -22.78% |
| 2012-12-31 | CN¥842.86 Million | +8.58% |
| 2011-12-31 | CN¥776.28 Million | +19.67% |
| 2010-12-31 | CN¥648.68 Million | +25.96% |
| 2009-12-31 | CN¥514.97 Million | -8.81% |
| 2008-12-31 | CN¥564.74 Million | -40.44% |
| 2007-12-31 | CN¥948.25 Million | +16.54% |
| 2006-12-31 | CN¥813.65 Million | +11.06% |
| 2005-12-31 | CN¥732.64 Million | +10.54% |
| 2004-12-31 | CN¥662.76 Million | +2.86% |
| 2003-12-31 | CN¥644.31 Million | -2.47% |
| 2002-12-31 | CN¥660.64 Million | +4.24% |
| 2001-12-31 | CN¥633.74 Million | +44.58% |
| 2000-12-31 | CN¥438.34 Million | +7.36% |
| 1999-12-31 | CN¥408.29 Million | +8.86% |
| 1998-12-31 | CN¥375.05 Million | +122.25% |
| 1997-12-31 | CN¥168.75 Million | +31.52% |
| 1996-12-31 | CN¥128.31 Million | +14.88% |
| 1995-12-31 | CN¥111.69 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to State Grid Information&Communication 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 379431917500.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.79 Billion | 55.90% |
| Common Stock | CN¥1.20 Billion | 17.70% |
| Other Components | CN¥1.79 Billion | 26.40% |
| Total Equity | CN¥6.79 Billion | 100.00% |
State Grid Information&Communication Co Ltd Competitors by Market Cap
The table below lists competitors of State Grid Information&Communication Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oruka Therapeutics, Inc.
NASDAQ:ORKA
|
$1.29 Billion |
|
QL Resources Bhd
KLSE:7084
|
$1.29 Billion |
|
ACV Auctions Inc.
NASDAQ:ACVA
|
$1.29 Billion |
|
Paymentus Holdings, Inc.
NYSE:PAY
|
$1.29 Billion |
|
Bufab AB (publ)
F:29B0
|
$1.29 Billion |
|
EFG International AG
OTCGREY:EFGIF
|
$1.29 Billion |
|
GRUPO COM.CHEDRAUI B CL.I
F:2GCB
|
$1.29 Billion |
|
Farasis Energy Gan Zhou Co Ltd
SHG:688567
|
$1.29 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in State Grid Information&Communication Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,331,243,315 to 6,787,706,431, a change of 456,463,116 (7.2%).
- Net income of 682,472,715 contributed positively to equity growth.
- Dividend payments of 252,414,024 reduced retained earnings.
- Share repurchases of 6,602,466 reduced equity.
- Other comprehensive income decreased equity by 318,619,406.
- Other factors increased equity by 351,626,297.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥682.47 Million | +10.05% |
| Dividends Paid | CN¥252.41 Million | -3.72% |
| Share Repurchases | CN¥6.60 Million | -0.1% |
| Other Comprehensive Income | CN¥-318.62 Million | -4.69% |
| Other Changes | CN¥351.63 Million | +5.18% |
| Total Change | CN¥- | 7.21% |
Book Value vs Market Value Analysis
This analysis compares State Grid Information&Communication 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: 3.89x
- 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 91.77x to 3.89x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.24 | CN¥22.03 | x |
| 1996-12-31 | CN¥0.28 | CN¥22.03 | x |
| 1997-12-31 | CN¥0.36 | CN¥22.03 | x |
| 1998-12-31 | CN¥0.81 | CN¥22.03 | x |
| 1999-12-31 | CN¥0.88 | CN¥22.03 | x |
| 2000-12-31 | CN¥0.88 | CN¥22.03 | x |
| 2001-12-31 | CN¥1.28 | CN¥22.03 | x |
| 2002-12-31 | CN¥1.33 | CN¥22.03 | x |
| 2003-12-31 | CN¥1.38 | CN¥22.03 | x |
| 2004-12-31 | CN¥1.42 | CN¥22.03 | x |
| 2005-12-31 | CN¥1.57 | CN¥22.03 | x |
| 2006-12-31 | CN¥1.63 | CN¥22.03 | x |
| 2007-12-31 | CN¥1.86 | CN¥22.03 | x |
| 2008-12-31 | CN¥1.10 | CN¥22.03 | x |
| 2009-12-31 | CN¥0.96 | CN¥22.03 | x |
| 2010-12-31 | CN¥1.24 | CN¥22.03 | x |
| 2011-12-31 | CN¥1.50 | CN¥22.03 | x |
| 2012-12-31 | CN¥1.66 | CN¥22.03 | x |
| 2013-12-31 | CN¥1.28 | CN¥22.03 | x |
| 2014-12-31 | CN¥1.60 | CN¥22.03 | x |
| 2015-12-31 | CN¥1.79 | CN¥22.03 | x |
| 2016-12-31 | CN¥2.10 | CN¥22.03 | x |
| 2017-12-31 | CN¥2.30 | CN¥22.03 | x |
| 2018-12-31 | CN¥1.10 | CN¥22.03 | x |
| 2019-12-31 | CN¥2.47 | CN¥22.03 | x |
| 2020-12-31 | CN¥3.98 | CN¥22.03 | x |
| 2021-12-31 | CN¥4.29 | CN¥22.03 | x |
| 2022-12-31 | CN¥4.77 | CN¥22.03 | x |
| 2023-12-31 | CN¥5.27 | CN¥22.03 | x |
| 2024-12-31 | CN¥5.67 | CN¥22.03 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently State Grid Information&Communication 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): 10.05%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.33%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 1.90x
- Recent ROE (10.05%) is above the historical average (9.60%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 24.85% | 41.71% | 0.33x | 1.82x | CN¥16.59 Million |
| 1996 | 31.95% | 47.52% | 0.33x | 2.06x | CN¥28.17 Million |
| 1997 | 23.50% | 48.55% | 0.23x | 2.07x | CN¥22.77 Million |
| 1998 | 10.37% | 42.19% | 0.16x | 1.57x | CN¥1.40 Million |
| 1999 | 10.65% | 42.80% | 0.13x | 1.99x | CN¥2.64 Million |
| 2000 | 7.38% | 28.43% | 0.09x | 2.96x | CN¥-10.78 Million |
| 2001 | 4.59% | 19.14% | 0.10x | 2.45x | CN¥-32.19 Million |
| 2002 | 7.73% | 13.93% | 0.20x | 2.72x | CN¥-14.02 Million |
| 2003 | 4.20% | 10.03% | 0.18x | 2.39x | CN¥-37.40 Million |
| 2004 | 2.51% | 4.29% | 0.22x | 2.67x | CN¥-49.63 Million |
| 2005 | 6.74% | 7.81% | 0.32x | 2.71x | CN¥-23.87 Million |
| 2006 | 12.25% | 13.78% | 0.39x | 2.28x | CN¥18.28 Million |
| 2007 | 13.99% | 16.71% | 0.35x | 2.39x | CN¥37.43 Million |
| 2008 | -54.74% | -72.71% | 0.23x | 3.30x | CN¥-358.75 Million |
| 2009 | -11.47% | -15.16% | 0.21x | 3.55x | CN¥-108.25 Million |
| 2010 | 22.49% | 26.63% | 0.24x | 3.47x | CN¥79.72 Million |
| 2011 | 16.72% | 19.20% | 0.27x | 3.21x | CN¥51.49 Million |
| 2012 | 8.44% | 8.77% | 0.33x | 2.88x | CN¥-13.04 Million |
| 2013 | -24.96% | -21.00% | 0.33x | 3.58x | CN¥-227.02 Million |
| 2014 | 19.38% | 18.82% | 0.36x | 2.83x | CN¥75.58 Million |
| 2015 | 13.96% | 13.53% | 0.39x | 2.63x | CN¥35.95 Million |
| 2016 | 15.69% | 14.53% | 0.47x | 2.27x | CN¥59.50 Million |
| 2017 | 6.95% | 9.74% | 0.35x | 2.07x | CN¥-35.05 Million |
| 2018 | 33.52% | 6.23% | 2.73x | 1.97x | CN¥286.54 Million |
| 2019 | 17.79% | 6.27% | 0.87x | 3.25x | CN¥213.28 Million |
| 2020 | 13.08% | 8.66% | 0.64x | 2.38x | CN¥142.86 Million |
| 2021 | 13.19% | 9.07% | 0.66x | 2.22x | CN¥163.91 Million |
| 2022 | 13.97% | 10.52% | 0.63x | 2.10x | CN¥227.38 Million |
| 2023 | 13.08% | 10.79% | 0.57x | 2.14x | CN¥195.13 Million |
| 2024 | 10.05% | 9.33% | 0.57x | 1.90x | CN¥3.70 Million |
Industry Comparison
This section compares State Grid Information&Communication Co Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,781,691,745
- Average return on equity (ROE) among peers: 10.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| State Grid Information&Communication Co Ltd (600131) | CN¥6.41 Billion | 24.85% | 1.18x | $1.29 Billion |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $867.90 Million | 2.09% | 1.86x | $58.47 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $277.96 Million | 10.57% | 1.45x | $889.49 Million |
| CECEP Solar Energy Co Ltd (000591) | $162.02 Million | 10.48% | 1.97x | $2.20 Billion |
| GEPIC Energy Development Co Ltd (000791) | $7.49 Billion | 5.90% | 1.54x | $765.93 Million |
| Tieling Newcity Investment Holding Ltd (000809) | $3.45 Billion | 20.56% | 0.64x | $269.10 Million |
| Hubei Energy Group Co Ltd (000883) | $730.62 Million | 9.40% | 0.33x | $1.99 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.70 Billion | 3.61% | 1.46x | $406.20 Million |
| Xinjiang Lixin Energy Co. Ltd. A (001258) | $2.92 Billion | 1.72% | 4.24x | $377.98 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $148.08 Million | 3.32% | 6.54x | $718.01 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $65.12 Million | 40.54% | 1.51x | $785.39 Million |