Henan Pinggao Electric Co Ltd (600312) - Net Assets

Latest as of March 2026: CN¥12.21 Billion CNY ≈ $1.79 Billion USD

Based on the latest financial reports, Henan Pinggao Electric Co Ltd (600312) has net assets worth CN¥12.21 Billion CNY (≈ $1.79 Billion 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¥21.69 Billion ≈ $3.17 Billion USD) and total liabilities (CN¥9.48 Billion ≈ $1.39 Billion 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 tangible net worth ratio of Henan Pinggao Electric Co Ltd to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥12.21 Billion
% of Total Assets 56.3%
Annual Growth Rate 18.51%
5-Year Change 23.97%
10-Year Change 25.82%
Growth Volatility 65.25

Henan Pinggao Electric Co Ltd - Net Assets Trend (1998–2025)

This chart illustrates how Henan Pinggao Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600312 days of operational coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Henan Pinggao Electric Co Ltd (1998–2025)

The table below shows the annual net assets of Henan Pinggao Electric Co Ltd from 1998 to 2025. For live valuation and market cap data, see market cap of Henan Pinggao Electric Co Ltd.

Year Net Assets Change
2025-12-31 CN¥11.77 Billion
≈ $1.72 Billion		 +7.32%
2024-12-31 CN¥10.97 Billion
≈ $1.60 Billion		 +4.54%
2023-12-31 CN¥10.49 Billion
≈ $1.53 Billion		 +7.70%
2022-12-31 CN¥9.74 Billion
≈ $1.43 Billion		 +2.60%
2021-12-31 CN¥9.49 Billion
≈ $1.39 Billion		 +1.17%
2020-12-31 CN¥9.38 Billion
≈ $1.37 Billion		 +0.43%
2019-12-31 CN¥9.34 Billion
≈ $1.37 Billion		 +1.40%
2018-12-31 CN¥9.21 Billion
≈ $1.35 Billion		 +0.40%
2017-12-31 CN¥9.18 Billion
≈ $1.34 Billion		 -1.87%
2016-12-31 CN¥9.35 Billion
≈ $1.37 Billion		 +46.93%
2015-12-31 CN¥6.37 Billion
≈ $931.50 Million		 +4.55%
2014-12-31 CN¥6.09 Billion
≈ $891.00 Million		 +88.47%
2013-12-31 CN¥3.23 Billion
≈ $472.76 Million		 +12.40%
2012-12-31 CN¥2.87 Billion
≈ $420.61 Million		 +4.96%
2011-12-31 CN¥2.74 Billion
≈ $400.72 Million		 +0.56%
2010-12-31 CN¥2.72 Billion
≈ $398.48 Million		 -1.32%
2009-12-31 CN¥2.76 Billion
≈ $403.82 Million		 +85.35%
2008-12-31 CN¥1.49 Billion
≈ $217.87 Million		 +14.82%
2007-12-31 CN¥1.30 Billion
≈ $189.75 Million		 +19.20%
2006-12-31 CN¥1.09 Billion
≈ $159.18 Million		 +1.32%
2005-12-31 CN¥1.07 Billion
≈ $157.11 Million		 +7.72%
2004-12-31 CN¥996.75 Million
≈ $145.86 Million		 +5.52%
2003-12-31 CN¥944.64 Million
≈ $138.23 Million		 +2.75%
2002-12-31 CN¥919.37 Million
≈ $134.53 Million		 +3.51%
2001-12-31 CN¥888.15 Million
≈ $129.96 Million		 +337.45%
2000-12-31 CN¥203.03 Million
≈ $29.71 Million		 +28.49%
1999-12-31 CN¥158.01 Million
≈ $23.12 Million		 +31.68%
1998-12-31 CN¥120.00 Million
≈ $17.56 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 426058608512.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component Amount Percentage
Retained Earnings CN¥4.26 Billion 37.88%
Other Components CN¥6.99 Billion 62.12%
Total Equity CN¥11.25 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
United Community Banks, Inc.
NASDAQ:UCB
 $3.71 Billion
Atour Lifestyle Holdings Limited American Depositary Shares
NASDAQ:ATAT
 $3.71 Billion
Siegfried Holding Ltd
SW:SFZN
 $3.71 Billion
Shenzhen SC New Energy Technology Corp Class A
SHE:300724
 $3.71 Billion
Hims Hers Health Inc
NYSE:HIMS
 $3.71 Billion
Blue Star Limited
NSE:BLUESTARCO
 $3.71 Billion
Cohen & Steers Inc
NYSE:CNS
 $3.71 Billion
Bayerische Motoren Werke Aktiengesellschaft
XETRA:BMW3
 $3.71 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 2024 to 2025, total equity changed from 10,471,404,930 to 11,247,334,360, a change of 775,929,430 (7.4%).
  • Net income of 1,119,833,031 contributed positively to equity growth.
  • Dividend payments of 461,140,236 reduced retained earnings.
  • Other comprehensive income decreased equity by 775,665,571.
  • Other factors increased equity by 892,902,206.

Equity Change Factors (2024 to 2025)

Factor Impact Contribution
Net Income CN¥1.12 Billion +9.96%
Dividends Paid CN¥461.14 Million -4.1%
Other Comprehensive Income CN¥-775.67 Million -6.9%
Other Changes CN¥892.90 Million +7.94%
Total Change CN¥- 7.41%

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: 2.25x
  • 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 114.89x to 2.25x 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¥18.69 x
1999-12-31 CN¥0.21 CN¥18.69 x
2000-12-31 CN¥0.28 CN¥18.69 x
2001-12-31 CN¥1.20 CN¥18.69 x
2002-12-31 CN¥1.23 CN¥18.69 x
2003-12-31 CN¥1.25 CN¥18.69 x
2004-12-31 CN¥1.32 CN¥18.69 x
2005-12-31 CN¥1.42 CN¥18.69 x
2006-12-31 CN¥1.45 CN¥18.69 x
2007-12-31 CN¥1.74 CN¥18.69 x
2008-12-31 CN¥2.01 CN¥18.69 x
2009-12-31 CN¥3.73 CN¥18.69 x
2010-12-31 CN¥3.32 CN¥18.69 x
2011-12-31 CN¥3.35 CN¥18.69 x
2012-12-31 CN¥3.50 CN¥18.69 x
2013-12-31 CN¥3.94 CN¥18.69 x
2014-12-31 CN¥5.59 CN¥18.69 x
2015-12-31 CN¥5.05 CN¥18.69 x
2016-12-31 CN¥6.87 CN¥18.69 x
2017-12-31 CN¥6.52 CN¥18.69 x
2018-12-31 CN¥6.58 CN¥18.69 x
2019-12-31 CN¥6.67 CN¥18.69 x
2020-12-31 CN¥6.69 CN¥18.69 x
2021-12-31 CN¥6.73 CN¥18.69 x
2022-12-31 CN¥6.87 CN¥18.69 x
2023-12-31 CN¥7.39 CN¥18.69 x
2024-12-31 CN¥7.72 CN¥18.69 x
2025-12-31 CN¥8.29 CN¥18.69 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): 9.96%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 8.95%
  • • Asset Turnover: 0.57x
  • • Equity Multiplier: 1.97x
  • Recent ROE (9.96%) is above the historical average (8.60%), 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
2025 9.96% 8.95% 0.57x 1.97x CN¥-4.90 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: $4,521,607,784
  • Average return on equity (ROE) among peers: -17.97%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Henan Pinggao Electric Co Ltd (600312) CN¥12.21 Billion 24.59% 0.78x $3.71 Billion
XJ Electric Co Ltd (000400) $2.06 Billion 5.67% 0.94x $3.41 Billion
Guangdong Macro Co Ltd (000533) $259.29 Million -377.39% 9.44x $1.05 Billion
Foshan Electrical and Lighting Co Ltd (000541) $2.81 Billion 9.38% 0.11x $908.69 Million
Dongfang Electronics Co Ltd (000682) $78.67 Million 125.00% 0.63x $2.52 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720) $1.26 Billion 6.39% 3.26x $742.84 Million
Huagong Tech Co Ltd (000988) $8.26 Billion 10.96% 1.03x $26.12 Billion
Hunan Valin Wire & Cable Co Ltd (001208) $1.38 Billion 9.72% 0.89x $1.44 Billion
Sieyuan Electric Co Ltd (002028) $4.51 Billion 5.52% 0.51x $21.78 Billion
Shanghai Welltech Automation Co Ltd (002058) $88.12 Million 23.77% 0.92x $468.31 Million
Gotion High tech Co Ltd (002074) $24.50 Billion 1.27% 1.96x $7.89 Billion

About Henan Pinggao Electric Co Ltd

SHG:600312 China Electrical Equipment & Parts
Market Cap
$3.71 Billion
CN¥25.36 Billion CNY
Market Cap Rank
#4379 Global
#740 in China
Share Price
CN¥18.69
Change (1 day)
-1.68%
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