Henan Pinggao Electric Co Ltd (600312) - Net Assets

Latest as of June 2026: CN¥12.36 Billion CNY ≈ $1.81 Billion USD

Based on the latest financial reports, Henan Pinggao Electric Co Ltd (600312) has net assets worth CN¥12.36 Billion CNY (≈ $1.81 Billion USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥21.63 Billion ≈ $3.17 Billion USD) and total liabilities (CN¥9.27 Billion ≈ $1.36 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 600312 strategic assets to equity ratio to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥12.36 Billion
% of Total Assets	57.15%
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. For live market cap and overall valuation, see market value of Henan Pinggao Electric Co Ltd.

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. Also explore 600312 net asset momentum to track the company's year-over-year net asset growth rate.

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
Cohen & Steers Inc NYSE:CNS	$3.83 Billion
Badger Meter Inc NYSE:BMI	$3.83 Billion
FIELMANN AG (ADR/1/5)O.N. F:FIE1	$3.83 Billion
Solaris Energy Infrastructure, Inc. NYSE:SEI	$3.84 Billion
Stepstone Group Inc NASDAQ:STEP	$3.83 Billion
Antar Chile SN:ANTARCHILE	$3.83 Billion
Nordic Semiconductor ASA OL:NOD	$3.83 Billion
S N Nuclearele RO:SNN	$3.83 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: 2.33x
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 118.64x to 2.33x 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¥19.30	x
1999-12-31	CN¥0.21	CN¥19.30	x
2000-12-31	CN¥0.28	CN¥19.30	x
2001-12-31	CN¥1.20	CN¥19.30	x
2002-12-31	CN¥1.23	CN¥19.30	x
2003-12-31	CN¥1.25	CN¥19.30	x
2004-12-31	CN¥1.32	CN¥19.30	x
2005-12-31	CN¥1.42	CN¥19.30	x
2006-12-31	CN¥1.45	CN¥19.30	x
2007-12-31	CN¥1.74	CN¥19.30	x
2008-12-31	CN¥2.01	CN¥19.30	x
2009-12-31	CN¥3.73	CN¥19.30	x
2010-12-31	CN¥3.32	CN¥19.30	x
2011-12-31	CN¥3.35	CN¥19.30	x
2012-12-31	CN¥3.50	CN¥19.30	x
2013-12-31	CN¥3.94	CN¥19.30	x
2014-12-31	CN¥5.59	CN¥19.30	x
2015-12-31	CN¥5.05	CN¥19.30	x
2016-12-31	CN¥6.87	CN¥19.30	x
2017-12-31	CN¥6.52	CN¥19.30	x
2018-12-31	CN¥6.58	CN¥19.30	x
2019-12-31	CN¥6.67	CN¥19.30	x
2020-12-31	CN¥6.69	CN¥19.30	x
2021-12-31	CN¥6.73	CN¥19.30	x
2022-12-31	CN¥6.87	CN¥19.30	x
2023-12-31	CN¥7.39	CN¥19.30	x
2024-12-31	CN¥7.72	CN¥19.30	x
2025-12-31	CN¥8.29	CN¥19.30	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: $1,793,502,014
Average return on equity (ROE) among peers: 11.75%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Henan Pinggao Electric Co Ltd (600312)	CN¥12.36 Billion	24.59%	0.75x	$3.83 Billion
XJ Electric Co Ltd (000400)	$769.50 Million	13.66%	0.29x	$3.04 Billion
Guangdong Macro Co Ltd (000533)	$458.00 Million	10.69%	4.94x	$1.10 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$236.13 Million	20.43%	0.71x	$890.66 Million
Dongfang Electronics Co Ltd (000682)	$1.41 Billion	1.38%	0.23x	$2.11 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.53 Billion	4.09%	0.63x	$720.77 Million
Huagong Tech Co Ltd (000988)	$9.37 Billion	10.74%	0.86x	$15.76 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$434.81 Million	6.61%	1.31x	$1.30 Billion
Sieyuan Electric Co Ltd (002028)	$3.00 Billion	31.66%	0.29x	$14.70 Billion
Shanghai Welltech Automation Co Ltd (002058)	$218.98 Million	10.86%	0.64x	$373.01 Million
Gotion High tech Co Ltd (002074)	$497.13 Million	7.34%	0.88x	$7.36 Billion

About Henan Pinggao Electric Co Ltd

SHG:600312 China Electrical Equipment & Parts

Market Cap

$3.83 Billion

CN¥26.19 Billion CNY

Market Cap Rank

#4255 Global

#655 in China

Share Price

CN¥19.30

Change (1 day)

-0.97%

52-Week Range

CN¥16.10 - CN¥25.04

All Time High

CN¥25.04