Henan Pinggao Electric Co Ltd

SHG:600312 China Electrical Equipment & Parts
Market Cap
$4.26 Billion
CN¥31.26 Billion CNY
Market Cap Rank
#4456 Global
#455 in China
Share Price
CN¥23.04
Change (1 day)
-3.11%
52-Week Range
CN¥14.39 - CN¥25.04
All Time High
CN¥25.04
Categories
Companies in China Electrical Equipment & Parts
About

Henan Pinggao Electric Co.,Ltd. researches and develops, manufactures, sells, tests, and services high voltage, super-high voltage, and ultra-high voltage AC/DC switchgear in China. Its products include 72.5-1100 kV SF6 gas-insulated enclosed switchgear; 72.5-1100 kV sulfur hexafluoride tank circuit breaker switchgear; 72.5-1100 kV open SF6 circuit breakers; 10 kV-1100 kV AC disconnectors and ear… Read more

Henan Pinggao Electric Co Ltd (600312) - Net Assets

Latest net assets as of September 2025: CN¥11.88 Billion CNY

Based on the latest financial reports, Henan Pinggao Electric Co Ltd (600312) has net assets worth CN¥11.88 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¥22.72 Billion) and total liabilities (CN¥10.84 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¥11.88 Billion
% of Total Assets 52.29%
Annual Growth Rate 18.96%
5-Year Change 16.86%
10-Year Change 72.25%
Growth Volatility 66.38

Henan Pinggao Electric Co Ltd - Net Assets Trend (1998–2024)

This chart illustrates how Henan Pinggao Electric 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 Henan Pinggao Electric Co Ltd (1998–2024)

The table below shows the annual net assets of Henan Pinggao Electric Co Ltd from 1998 to 2024.

Year Net Assets Change
2024-12-31 CN¥10.97 Billion +4.54%
2023-12-31 CN¥10.49 Billion +7.70%
2022-12-31 CN¥9.74 Billion +2.60%
2021-12-31 CN¥9.49 Billion +1.17%
2020-12-31 CN¥9.38 Billion +0.43%
2019-12-31 CN¥9.34 Billion +1.40%
2018-12-31 CN¥9.21 Billion +0.40%
2017-12-31 CN¥9.18 Billion -1.87%
2016-12-31 CN¥9.35 Billion +46.93%
2015-12-31 CN¥6.37 Billion +4.55%
2014-12-31 CN¥6.09 Billion +88.47%
2013-12-31 CN¥3.23 Billion +12.40%
2012-12-31 CN¥2.87 Billion +4.96%
2011-12-31 CN¥2.74 Billion +0.56%
2010-12-31 CN¥2.72 Billion -1.32%
2009-12-31 CN¥2.76 Billion +85.35%
2008-12-31 CN¥1.49 Billion +14.82%
2007-12-31 CN¥1.30 Billion +19.20%
2006-12-31 CN¥1.09 Billion +1.32%
2005-12-31 CN¥1.07 Billion +7.72%
2004-12-31 CN¥996.75 Million +5.52%
2003-12-31 CN¥944.64 Million +2.75%
2002-12-31 CN¥919.37 Million +3.51%
2001-12-31 CN¥888.15 Million +337.45%
2000-12-31 CN¥203.03 Million +28.49%
1999-12-31 CN¥158.01 Million +31.68%
1998-12-31 CN¥120.00 Million --

Equity Component Analysis

This analysis shows how different components contribute to Henan Pinggao Electric 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 348676798900.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥3.49 Billion 33.30%
Common Stock CN¥1.36 Billion 12.96%
Other Comprehensive Income CN¥775.67 Million 7.41%
Other Components CN¥4.85 Billion 46.34%
Total Equity CN¥10.47 Billion 100.00%

Henan Pinggao Electric Co Ltd Competitors by Market Cap

The table below lists competitors of Henan Pinggao Electric Co Ltd ranked by their market capitalization.

Company Market Cap
Sapiens International Corporation NV
NASDAQ:SPNS
 		$2.43 Billion
Insight Enterprises Inc
NASDAQ:NSIT
 		$2.43 Billion
Anhui Gujing Distillery Co Ltd
SHE:200596
 		$2.43 Billion
AMMB Holdings Berhad
OTCGREY:AMMHF
 		$2.43 Billion
Quilter plc
PINK:QUILF
 		$2.43 Billion
PSKRY
PINK:PSKRY
 		$2.43 Billion
Teleperformance PK
PINK:TLPFY
 		$2.43 Billion
Ingevity Corp
NYSE:NGVT
 		$2.43 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Henan Pinggao Electric Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 10,025,928,041 to 10,471,404,930, a change of 445,476,889 (4.4%).
  • Net income of 1,023,171,148 contributed positively to equity growth.
  • Dividend payments of 478,901,449 reduced retained earnings.
  • Other comprehensive income increased equity by 775,665,571.
  • Other factors decreased equity by 874,458,381.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.02 Billion +9.77%
Dividends Paid CN¥478.90 Million -4.57%
Other Comprehensive Income CN¥775.67 Million +7.41%
Other Changes CN¥-874.46 Million -8.35%
Total Change CN¥- 4.44%

Book Value vs Market Value Analysis

This analysis compares Henan Pinggao Electric 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: 2.99x
  • 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 141.63x to 2.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 CN¥0.16 CN¥23.04 x
1999-12-31 CN¥0.21 CN¥23.04 x
2000-12-31 CN¥0.28 CN¥23.04 x
2001-12-31 CN¥1.20 CN¥23.04 x
2002-12-31 CN¥1.23 CN¥23.04 x
2003-12-31 CN¥1.25 CN¥23.04 x
2004-12-31 CN¥1.32 CN¥23.04 x
2005-12-31 CN¥1.42 CN¥23.04 x
2006-12-31 CN¥1.45 CN¥23.04 x
2007-12-31 CN¥1.74 CN¥23.04 x
2008-12-31 CN¥2.01 CN¥23.04 x
2009-12-31 CN¥3.73 CN¥23.04 x
2010-12-31 CN¥3.32 CN¥23.04 x
2011-12-31 CN¥3.35 CN¥23.04 x
2012-12-31 CN¥3.50 CN¥23.04 x
2013-12-31 CN¥3.94 CN¥23.04 x
2014-12-31 CN¥5.59 CN¥23.04 x
2015-12-31 CN¥5.05 CN¥23.04 x
2016-12-31 CN¥6.87 CN¥23.04 x
2017-12-31 CN¥6.52 CN¥23.04 x
2018-12-31 CN¥6.58 CN¥23.04 x
2019-12-31 CN¥6.67 CN¥23.04 x
2020-12-31 CN¥6.69 CN¥23.04 x
2021-12-31 CN¥6.73 CN¥23.04 x
2022-12-31 CN¥6.87 CN¥23.04 x
2023-12-31 CN¥7.39 CN¥23.04 x
2024-12-31 CN¥7.72 CN¥23.04 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Henan Pinggao Electric 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): 9.77%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.25%
  • • Asset Turnover: 0.57x
  • • Equity Multiplier: 2.08x
  • Recent ROE (9.77%) is above the historical average (8.55%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 24.59% 7.30% 0.90x 3.76x CN¥17.51 Million
1999 22.50% 6.97% 1.05x 3.09x CN¥19.75 Million
2000 16.34% 6.63% 0.87x 2.85x CN¥12.88 Million
2001 4.59% 8.22% 0.37x 1.49x CN¥-47.66 Million
2002 4.35% 7.12% 0.41x 1.49x CN¥-51.16 Million
2003 2.31% 2.85% 0.49x 1.65x CN¥-70.99 Million
2004 5.38% 4.51% 0.54x 2.20x CN¥-44.99 Million
2005 10.07% 6.87% 0.61x 2.41x CN¥703.72K
2006 15.11% 7.42% 0.69x 2.97x CN¥54.80 Million
2007 13.70% 10.07% 0.56x 2.42x CN¥47.56 Million
2008 14.00% 7.91% 0.67x 2.65x CN¥59.27 Million
2009 5.16% 6.07% 0.45x 1.89x CN¥-133.21 Million
2010 0.13% 0.17% 0.44x 1.72x CN¥-268.19 Million
2011 0.64% 0.69% 0.51x 1.82x CN¥-256.07 Million
2012 4.72% 4.12% 0.51x 2.23x CN¥-151.61 Million
2013 12.35% 10.44% 0.60x 1.97x CN¥75.82 Million
2014 11.81% 15.05% 0.46x 1.69x CN¥106.34 Million
2015 14.44% 13.11% 0.56x 1.95x CN¥272.24 Million
2016 13.52% 13.75% 0.50x 1.96x CN¥317.55 Million
2017 7.12% 7.04% 0.47x 2.17x CN¥-254.81 Million
2018 3.21% 2.65% 0.48x 2.52x CN¥-606.24 Million
2019 2.52% 2.05% 0.49x 2.51x CN¥-676.65 Million
2020 1.39% 1.29% 0.47x 2.29x CN¥-781.69 Million
2021 0.77% 0.76% 0.48x 2.10x CN¥-842.87 Million
2022 2.28% 2.29% 0.52x 1.91x CN¥-719.83 Million
2023 8.14% 7.36% 0.55x 2.01x CN¥-186.88 Million
2024 9.77% 8.25% 0.57x 2.08x CN¥-23.97 Million

Industry Comparison

This section compares Henan Pinggao Electric Co Ltd's net assets metrics with peer companies in the Electrical Equipment & Parts industry.

Industry Context

  • Industry: Electrical Equipment & Parts
  • Average net assets among peers: $2,399,685,798
  • Average return on equity (ROE) among peers: -30.02%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Henan Pinggao Electric Co Ltd (600312) CN¥11.88 Billion 24.59% 0.91x $2.43 Billion
XJ Electric Co Ltd (000400) $11.69 Billion 8.60% 0.87x $2.50 Billion
Guangdong Macro Co Ltd (000533) $259.29 Million -377.39% 9.44x $880.32 Million
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $1.31 Billion 8.55% 0.86x $364.23 Million
Huagong Tech Co Ltd (000988) $3.01 Billion 5.01% 0.66x $9.70 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.62 Billion 6.74% 1.87x $855.32 Million
Shijiazhuang Shangtai Technology Co. Ltd. A (001301) $1.35 Billion 11.31% 0.12x $1.62 Billion
Guangdong Xinyaguang Cable Co (001382) $804.28 Million 11.99% 1.13x $201.71 Million
Sieyuan Electric Co Ltd (002028) $3.44 Billion 10.09% 0.45x $14.61 Billion
Shanghai Welltech Automation Co Ltd (002058) $186.07 Million 7.07% 0.22x $217.00 Million
Gotion High tech Co Ltd (002074) $324.01 Million 7.87% 0.45x $5.08 Billion