Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd (600379) - Net Assets
Based on the latest financial reports, Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd (600379) has net assets worth CN¥854.11 Million CNY (≈ $124.98 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¥2.05 Billion ≈ $300.46 Million USD) and total liabilities (CN¥1.20 Billion ≈ $175.48 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 600379 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥854.11 Million |
| % of Total Assets | 41.6% |
| Annual Growth Rate | 7.98% |
| 5-Year Change | 31.55% |
| 10-Year Change | 78.0% |
| Growth Volatility | 24.08 |
Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd - Net Assets Trend (1998–2025)
This chart illustrates how Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shaanxi Baoguang Vacuum Electronic Appar (600379) total assets for the complete picture of this company's asset base.
Annual Net Assets for Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd (1998–2025)
The table below shows the annual net assets of Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd from 1998 to 2025. For live valuation and market cap data, see Shaanxi Baoguang Vacuum Electronic Appar (600379) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥838.29 Million ≈ $122.67 Million |
+7.29% |
| 2024-12-31 | CN¥781.35 Million ≈ $114.34 Million |
+6.34% |
| 2023-12-31 | CN¥734.80 Million ≈ $107.52 Million |
+8.46% |
| 2022-12-31 | CN¥677.51 Million ≈ $99.14 Million |
+6.32% |
| 2021-12-31 | CN¥637.22 Million ≈ $93.24 Million |
+12.14% |
| 2020-12-31 | CN¥568.24 Million ≈ $83.15 Million |
+4.03% |
| 2019-12-31 | CN¥546.23 Million ≈ $79.93 Million |
+5.01% |
| 2018-12-31 | CN¥520.15 Million ≈ $76.11 Million |
+4.85% |
| 2017-12-31 | CN¥496.07 Million ≈ $72.59 Million |
+5.33% |
| 2016-12-31 | CN¥470.95 Million ≈ $68.91 Million |
+8.14% |
| 2015-12-31 | CN¥435.50 Million ≈ $63.73 Million |
+6.49% |
| 2014-12-31 | CN¥408.95 Million ≈ $59.84 Million |
+3.65% |
| 2013-12-31 | CN¥394.54 Million ≈ $57.73 Million |
+4.07% |
| 2012-12-31 | CN¥379.12 Million ≈ $55.48 Million |
+4.06% |
| 2011-12-31 | CN¥364.32 Million ≈ $53.31 Million |
+0.97% |
| 2010-12-31 | CN¥360.83 Million ≈ $52.80 Million |
+5.00% |
| 2009-12-31 | CN¥343.65 Million ≈ $50.29 Million |
+6.78% |
| 2008-12-31 | CN¥321.84 Million ≈ $47.10 Million |
+2.27% |
| 2007-12-31 | CN¥314.69 Million ≈ $46.05 Million |
+3.65% |
| 2006-12-31 | CN¥303.60 Million ≈ $44.43 Million |
+4.37% |
| 2005-12-31 | CN¥290.90 Million ≈ $42.57 Million |
+1.37% |
| 2004-12-31 | CN¥286.96 Million ≈ $41.99 Million |
+0.87% |
| 2003-12-31 | CN¥284.47 Million ≈ $41.63 Million |
+6.49% |
| 2002-12-31 | CN¥267.15 Million ≈ $39.09 Million |
+7.59% |
| 2001-12-31 | CN¥248.29 Million ≈ $36.33 Million |
+131.12% |
| 2000-12-31 | CN¥107.43 Million ≈ $15.72 Million |
+9.44% |
| 1999-12-31 | CN¥98.16 Million ≈ $14.36 Million |
-7.00% |
| 1998-12-31 | CN¥105.56 Million ≈ $15.45 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shaanxi Baoguang Vacuum Electronic Apparatus 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 36172226173.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥357.62 Million | 45.98% |
| Other Components | CN¥420.07 Million | 54.02% |
| Total Equity | CN¥777.70 Million | 100.00% |
Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd Competitors by Market Cap
The table below lists competitors of Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Comens New Materials
SHE:300200
|
$660.29 Million |
|
Jinneng Science&Tech Co Ltd
SHG:603113
|
$660.54 Million |
|
Shanghai HiTech Control System
SHE:002184
|
$660.68 Million |
|
JSE Limited
JSE:JSE
|
$660.73 Million |
|
Cheng Loong Corp
TW:1904
|
$659.93 Million |
|
Hanwha REIT Co. Ltd.
KO:451800
|
$659.68 Million |
|
Xingtong Shipping Co. Ltd.
SHG:603209
|
$659.63 Million |
|
Gresgying Digital Energy Technology Co Ltd
SHG:600212
|
$659.56 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 752,322,529 to 777,695,977, a change of 25,373,448 (3.4%).
- Net income of 51,298,999 contributed positively to equity growth.
- Dividend payments of 34,383,877 reduced retained earnings.
- Other comprehensive income decreased equity by 75,538,997.
- Other factors increased equity by 83,997,323.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥51.30 Million | +6.6% |
| Dividends Paid | CN¥34.38 Million | -4.42% |
| Other Comprehensive Income | CN¥-75.54 Million | -9.71% |
| Other Changes | CN¥84.00 Million | +10.8% |
| Total Change | CN¥- | 3.37% |
Book Value vs Market Value Analysis
This analysis compares Shaanxi Baoguang Vacuum Electronic Apparatus 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: 5.80x
- 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 43.08x to 5.80x 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¥0.32 | CN¥13.66 | x |
| 1999-12-31 | CN¥0.29 | CN¥13.66 | x |
| 2000-12-31 | CN¥0.32 | CN¥13.66 | x |
| 2001-12-31 | CN¥0.75 | CN¥13.66 | x |
| 2002-12-31 | CN¥0.80 | CN¥13.66 | x |
| 2003-12-31 | CN¥0.85 | CN¥13.66 | x |
| 2004-12-31 | CN¥0.86 | CN¥13.66 | x |
| 2005-12-31 | CN¥0.87 | CN¥13.66 | x |
| 2006-12-31 | CN¥0.91 | CN¥13.66 | x |
| 2007-12-31 | CN¥0.95 | CN¥13.66 | x |
| 2008-12-31 | CN¥1.16 | CN¥13.66 | x |
| 2009-12-31 | CN¥1.03 | CN¥13.66 | x |
| 2010-12-31 | CN¥1.08 | CN¥13.66 | x |
| 2011-12-31 | CN¥1.09 | CN¥13.66 | x |
| 2012-12-31 | CN¥1.14 | CN¥13.66 | x |
| 2013-12-31 | CN¥1.19 | CN¥13.66 | x |
| 2014-12-31 | CN¥1.23 | CN¥13.66 | x |
| 2015-12-31 | CN¥1.32 | CN¥13.66 | x |
| 2016-12-31 | CN¥1.43 | CN¥13.66 | x |
| 2017-12-31 | CN¥1.50 | CN¥13.66 | x |
| 2018-12-31 | CN¥1.58 | CN¥13.66 | x |
| 2019-12-31 | CN¥1.65 | CN¥13.66 | x |
| 2020-12-31 | CN¥1.72 | CN¥13.66 | x |
| 2021-12-31 | CN¥1.85 | CN¥13.66 | x |
| 2022-12-31 | CN¥1.97 | CN¥13.66 | x |
| 2023-12-31 | CN¥2.13 | CN¥13.66 | x |
| 2024-12-31 | CN¥2.28 | CN¥13.66 | x |
| 2025-12-31 | CN¥2.36 | CN¥13.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shaanxi Baoguang Vacuum Electronic Apparatus 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): 6.60%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.07%
- • Asset Turnover: 0.59x
- • Equity Multiplier: 2.76x
- Recent ROE (6.60%) is above the historical average (6.18%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1998 | 14.88% | 9.10% | 0.68x | 2.39x | CN¥5.15 Million |
| 1999 | 3.47% | 2.00% | 0.52x | 3.33x | CN¥-6.41 Million |
| 2000 | 5.85% | 2.90% | 0.64x | 3.13x | CN¥-4.46 Million |
| 2001 | 5.03% | 5.20% | 0.47x | 2.06x | CN¥-12.34 Million |
| 2002 | 5.20% | 5.55% | 0.51x | 1.83x | CN¥-12.81 Million |
| 2003 | 6.09% | 6.29% | 0.55x | 1.77x | CN¥-11.12 Million |
| 2004 | 6.63% | 5.61% | 0.66x | 1.80x | CN¥-9.66 Million |
| 2005 | 0.72% | 0.72% | 0.59x | 1.70x | CN¥-26.86 Million |
| 2006 | 4.13% | 4.35% | 0.62x | 1.52x | CN¥-17.72 Million |
| 2007 | 2.38% | 1.99% | 0.78x | 1.54x | CN¥-23.80 Million |
| 2008 | 2.01% | 1.42% | 0.88x | 1.62x | CN¥-25.45 Million |
| 2009 | 6.31% | 4.25% | 0.89x | 1.67x | CN¥-12.54 Million |
| 2010 | 4.81% | 2.90% | 1.08x | 1.53x | CN¥-18.55 Million |
| 2011 | 1.07% | 0.58% | 1.11x | 1.66x | CN¥-32.24 Million |
| 2012 | 4.10% | 2.37% | 0.99x | 1.75x | CN¥-22.24 Million |
| 2013 | 4.77% | 3.17% | 0.92x | 1.64x | CN¥-20.53 Million |
| 2014 | 4.99% | 3.43% | 0.96x | 1.52x | CN¥-20.41 Million |
| 2015 | 6.32% | 4.51% | 0.74x | 1.88x | CN¥-16.01 Million |
| 2016 | 7.67% | 5.19% | 1.00x | 1.48x | CN¥-10.95 Million |
| 2017 | 7.27% | 4.48% | 1.14x | 1.43x | CN¥-13.57 Million |
| 2018 | 7.40% | 4.53% | 1.07x | 1.52x | CN¥-13.55 Million |
| 2019 | 8.09% | 4.73% | 1.12x | 1.52x | CN¥-10.45 Million |
| 2020 | 8.12% | 5.12% | 1.03x | 1.53x | CN¥-10.66 Million |
| 2021 | 8.31% | 5.03% | 0.90x | 1.83x | CN¥-10.35 Million |
| 2022 | 8.87% | 4.69% | 0.82x | 2.31x | CN¥-7.36 Million |
| 2023 | 10.02% | 5.23% | 0.88x | 2.17x | CN¥146.06K |
| 2024 | 12.01% | 6.17% | 0.83x | 2.34x | CN¥15.13 Million |
| 2025 | 6.60% | 4.07% | 0.59x | 2.76x | CN¥-26.47 Million |
Industry Comparison
This section compares Shaanxi Baoguang Vacuum Electronic Apparatus 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: $2,106,420,201
- Average return on equity (ROE) among peers: 7.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd (600379) | CN¥854.11 Million | 14.88% | 1.40x | $660.04 Million |
| XJ Electric Co Ltd (000400) | $2.36 Billion | 1.62% | 1.01x | $3.88 Billion |
| Guangdong Macro Co Ltd (000533) | $971.33 Million | 13.39% | 1.48x | $1.20 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $236.13 Million | 20.43% | 0.71x | $897.87 Million |
| Dongfang Electronics Co Ltd (000682) | $2.03 Billion | 2.95% | 0.68x | $2.81 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $2.65 Billion | -5.12% | 1.10x | $866.03 Million |
| Huagong Tech Co Ltd (000988) | $9.37 Billion | 10.74% | 0.86x | $25.06 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $873.58 Million | 10.72% | 0.86x | $1.55 Billion |
| Sieyuan Electric Co Ltd (002028) | $2.25 Billion | 15.36% | 0.34x | $22.22 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $201.79 Million | -7.53% | 0.85x | $542.20 Million |
| Gotion High tech Co Ltd (002074) | $119.52 Million | 11.15% | 1.55x | $9.10 Billion |
About Shaanxi Baoguang Vacuum Electronic Apparatus Co Ltd
Shaanxi Baoguang Vacuum Electric Device Co., Ltd. engages in the production and sale of vacuum interrupters in China. It operates through two segments: Power Equipment and New Energy. The Power Equipment business offers a vacuum interrupter, which is the core component of the power transmission and transformation line interrupter. It is used in mining, smelting, chemical industry, equipment manuf… Read more