State Grid Information&Communication Co Ltd (600131) - Net Assets

Latest as of March 2026: CN¥6.67 Billion CNY ≈ $975.85 Million USD

Based on the latest financial reports, State Grid Information&Communication Co Ltd (600131) has net assets worth CN¥6.67 Billion CNY (≈ $975.85 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¥13.21 Billion ≈ $1.93 Billion USD) and total liabilities (CN¥6.54 Billion ≈ $957.31 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 600131 tangible net worth ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥6.67 Billion
% of Total Assets	50.48%
Annual Growth Rate	18.99%
5-Year Change	301.12%
10-Year Change	1890.08%
Growth Volatility	46.87

State Grid Information&Communication Co Ltd - Net Assets Trend (1995–2025)

This chart illustrates how State Grid Information&Communication Co Ltd's net assets have evolved over time, based on quarterly financial data. See State Grid Information&Communication Co defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for State Grid Information&Communication Co Ltd (1995–2025)

The table below shows the annual net assets of State Grid Information&Communication Co Ltd from 1995 to 2025. For live valuation and market cap data, see State Grid Information&Communication Co (600131) market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥20.59 Billion ≈ $3.01 Billion	+203.30%
2024-12-31	CN¥6.79 Billion ≈ $993.26 Million	+7.20%
2023-12-31	CN¥6.33 Billion ≈ $926.55 Million	+10.41%
2022-12-31	CN¥5.73 Billion ≈ $839.16 Million	+11.73%
2021-12-31	CN¥5.13 Billion ≈ $751.04 Million	+10.60%
2020-12-31	CN¥4.64 Billion ≈ $679.07 Million	+69.52%
2019-12-31	CN¥2.74 Billion ≈ $400.59 Million	+123.50%
2018-12-31	CN¥1.22 Billion ≈ $179.24 Million	+7.16%
2017-12-31	CN¥1.14 Billion ≈ $167.26 Million	+10.49%
2016-12-31	CN¥1.03 Billion ≈ $151.38 Million	+14.79%
2015-12-31	CN¥901.21 Million ≈ $131.88 Million	+12.28%
2014-12-31	CN¥802.65 Million ≈ $117.45 Million	+23.33%
2013-12-31	CN¥650.82 Million ≈ $95.24 Million	-22.78%
2012-12-31	CN¥842.86 Million ≈ $123.34 Million	+8.58%
2011-12-31	CN¥776.28 Million ≈ $113.59 Million	+19.67%
2010-12-31	CN¥648.68 Million ≈ $94.92 Million	+25.96%
2009-12-31	CN¥514.97 Million ≈ $75.36 Million	-8.81%
2008-12-31	CN¥564.74 Million ≈ $82.64 Million	-40.44%
2007-12-31	CN¥948.25 Million ≈ $138.76 Million	+16.54%
2006-12-31	CN¥813.65 Million ≈ $119.06 Million	+11.06%
2005-12-31	CN¥732.64 Million ≈ $107.21 Million	+10.54%
2004-12-31	CN¥662.76 Million ≈ $96.98 Million	+2.86%
2003-12-31	CN¥644.31 Million ≈ $94.28 Million	-2.47%
2002-12-31	CN¥660.64 Million ≈ $96.67 Million	+4.24%
2001-12-31	CN¥633.74 Million ≈ $92.74 Million	+44.58%
2000-12-31	CN¥438.34 Million ≈ $64.14 Million	+7.36%
1999-12-31	CN¥408.29 Million ≈ $59.75 Million	+8.86%
1998-12-31	CN¥375.05 Million ≈ $54.88 Million	+122.25%
1997-12-31	CN¥168.75 Million ≈ $24.69 Million	+31.52%
1996-12-31	CN¥128.31 Million ≈ $18.78 Million	+14.88%
1995-12-31	CN¥111.69 Million ≈ $16.34 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 489005656656.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥4.89 Billion	76.26%
Other Comprehensive Income	CN¥6.24 Billion	97.32%
Total Equity	CN¥6.41 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
Acer Incorporated F:AC5G	$2.65 Billion
Beijing BDStar Navigation Co Ltd SHE:002151	$2.65 Billion
Arcutis Biotherapeutics Inc NASDAQ:ARQT	$2.65 Billion
Jones Tech PLC Class A SHE:300684	$2.65 Billion
China Huarong Asset Management Co. Ltd F:CHE	$2.65 Billion
Shanghai Mechanical & Electrical Industry Co Ltd A SHG:600835	$2.64 Billion
Bomin Electronics Co Ltd SHG:603936	$2.64 Billion
International Petroleum Corp TO:IPCO	$2.64 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 2024 to 2025, total equity changed from 6,787,706,431 to 6,412,008,000, a change of -375,698,431 (-5.5%).
Net income of 619,395,700 contributed positively to equity growth.
Dividend payments of 297,984,551 reduced retained earnings.
Other comprehensive income increased equity by 6,240,115,000.
Other factors decreased equity by 6,937,224,580.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥619.40 Million	+9.66%
Dividends Paid	CN¥297.98 Million	-4.65%
Other Comprehensive Income	CN¥6.24 Billion	+97.32%
Other Changes	CN¥-6.94 Billion	-108.19%
Total Change	CN¥-	-5.53%

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: 2.60x
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 62.86x to 2.60x 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¥15.09	x
1996-12-31	CN¥0.28	CN¥15.09	x
1997-12-31	CN¥0.36	CN¥15.09	x
1998-12-31	CN¥0.81	CN¥15.09	x
1999-12-31	CN¥0.88	CN¥15.09	x
2000-12-31	CN¥0.88	CN¥15.09	x
2001-12-31	CN¥1.28	CN¥15.09	x
2002-12-31	CN¥1.33	CN¥15.09	x
2003-12-31	CN¥1.38	CN¥15.09	x
2004-12-31	CN¥1.42	CN¥15.09	x
2005-12-31	CN¥1.57	CN¥15.09	x
2006-12-31	CN¥1.63	CN¥15.09	x
2007-12-31	CN¥1.86	CN¥15.09	x
2008-12-31	CN¥1.10	CN¥15.09	x
2009-12-31	CN¥0.96	CN¥15.09	x
2010-12-31	CN¥1.24	CN¥15.09	x
2011-12-31	CN¥1.50	CN¥15.09	x
2012-12-31	CN¥1.66	CN¥15.09	x
2013-12-31	CN¥1.28	CN¥15.09	x
2014-12-31	CN¥1.60	CN¥15.09	x
2015-12-31	CN¥1.79	CN¥15.09	x
2016-12-31	CN¥2.10	CN¥15.09	x
2017-12-31	CN¥2.30	CN¥15.09	x
2018-12-31	CN¥1.10	CN¥15.09	x
2019-12-31	CN¥2.47	CN¥15.09	x
2020-12-31	CN¥3.98	CN¥15.09	x
2021-12-31	CN¥4.32	CN¥15.09	x
2022-12-31	CN¥4.80	CN¥15.09	x
2023-12-31	CN¥5.27	CN¥15.09	x
2024-12-31	CN¥5.67	CN¥15.09	x
2025-12-31	CN¥5.80	CN¥15.09	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): 9.66%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.83%
• Asset Turnover: 0.75x
• Equity Multiplier: 2.21x
Recent ROE (9.66%) 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
2025	9.66%	5.83%	0.75x	2.21x	CN¥-21.81 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: $5,766,657,937
Average return on equity (ROE) among peers: 8.11%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
State Grid Information&Communication Co Ltd (600131)	CN¥6.67 Billion	24.85%	0.98x	$2.65 Billion
Tunghsu Azure Renewable Energy Co Ltd (000040)	$1.30 Billion	0.90%	0.82x	$106.61 Million
Tianjin Guangyu Development Co Ltd (000537)	$9.66 Billion	21.74%	6.52x	$2.45 Billion
Guangdong Electric Power Development Co Ltd (000539)	$33.91 Billion	2.87%	3.75x	$4.82 Billion
CECEP Solar Energy Co Ltd (000591)	$404.52 Million	4.64%	3.80x	$2.74 Billion
GEPIC Energy Development Co Ltd (000791)	$358.82 Million	7.17%	0.51x	$4.08 Billion
Tieling Newcity Investment Holding Ltd (000809)	$139.53 Million	5.05%	0.46x	$444.15 Million
Hubei Energy Group Co Ltd (000883)	$9.29 Billion	11.16%	2.05x	$4.40 Billion
Fujian MinDong Electric Power Co Ltd (000993)	$1.49 Billion	6.07%	0.67x	$729.10 Million
Shenzhen Feima International Supply Chain Co Ltd (002210)	$547.07 Million	14.03%	12.69x	$911.25 Million
Shenzhen Sunrise New Energy Co Ltd (002256)	$561.75 Million	7.51%	1.18x	$1.17 Billion

About State Grid Information&Communication Co Ltd

SHG:600131 China Utilities - Renewable

Market Cap

$2.65 Billion

CN¥18.08 Billion CNY

Market Cap Rank

#5412 Global

#1055 in China

Share Price

CN¥15.09

Change (1 day)

-0.59%

52-Week Range

CN¥14.60 - CN¥23.24

All Time High

CN¥24.89