State Grid Yingda Co Ltd

SHG:600517 China Electrical Equipment & Parts
Market Cap
$5.61 Billion
CN¥41.17 Billion CNY
Market Cap Rank
#6823 Global
#1096 in China
Share Price
CN¥7.20
Change (1 day)
-4.00%
52-Week Range
CN¥4.58 - CN¥7.57
All Time High
CN¥14.90
Categories
Companies in China Electrical Equipment & Parts
About

State Grid Yingda Co.,Ltd. engages in the electrical, trust, securities, futures, and carbon asset businesses in China. It offers electrical distribution transformers, amorphous iron cores, integrated substations, primary and secondary deep integration equipment, C-GIS, gas inflatable cabinets, lightning arresters, AC and DC series bushings, insulating poles and towers, nano aluminum alloy fittin… Read more

State Grid Yingda Co Ltd (600517) - Net Assets

Latest net assets as of September 2025: CN¥27.59 Billion CNY

Based on the latest financial reports, State Grid Yingda Co Ltd (600517) has net assets worth CN¥27.59 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¥49.30 Billion) and total liabilities (CN¥21.71 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¥27.59 Billion
% of Total Assets 55.97%
Annual Growth Rate 27.86%
5-Year Change 26.25%
10-Year Change 649.25%
Growth Volatility 100.52

State Grid Yingda Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how State Grid Yingda 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 State Grid Yingda Co Ltd (2000–2024)

The table below shows the annual net assets of State Grid Yingda Co Ltd from 2000 to 2024.

Year Net Assets Change
2024-12-31 CN¥25.31 Billion +7.84%
2023-12-31 CN¥23.47 Billion +6.40%
2022-12-31 CN¥22.05 Billion +3.14%
2021-12-31 CN¥21.38 Billion +6.68%
2020-12-31 CN¥20.04 Billion +465.65%
2019-12-31 CN¥3.54 Billion -1.05%
2018-12-31 CN¥3.58 Billion -4.77%
2017-12-31 CN¥3.76 Billion +1.04%
2016-12-31 CN¥3.72 Billion +10.20%
2015-12-31 CN¥3.38 Billion +35.21%
2014-12-31 CN¥2.50 Billion +10.49%
2013-12-31 CN¥2.26 Billion +69.62%
2012-12-31 CN¥1.33 Billion -3.99%
2011-12-31 CN¥1.39 Billion -4.33%
2010-12-31 CN¥1.45 Billion +11.25%
2009-12-31 CN¥1.30 Billion +26.28%
2008-12-31 CN¥1.03 Billion +28.05%
2007-12-31 CN¥806.63 Million +165.01%
2006-12-31 CN¥304.38 Million +15.44%
2005-12-31 CN¥263.66 Million +6.73%
2004-12-31 CN¥247.03 Million +0.78%
2003-12-31 CN¥245.13 Million +192.55%
2002-12-31 CN¥83.79 Million -3.56%
2001-12-31 CN¥86.88 Million +25.16%
2000-12-31 CN¥69.41 Million --

Equity Component Analysis

This analysis shows how different components contribute to State Grid Yingda 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 155846.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥7.97 Billion 37.06%
Common Stock CN¥5.72 Billion 26.59%
Other Comprehensive Income CN¥2.51 Billion 11.69%
Other Components CN¥5.30 Billion 24.66%
Total Equity CN¥21.51 Billion 100.00%

State Grid Yingda Co Ltd Competitors by Market Cap

The table below lists competitors of State Grid Yingda Co Ltd ranked by their market capitalization.

Company Market Cap
Jolywood Suzhou Sunwatt Co Ltd
SHE:300393
 		$1.13 Billion
FLAT GLASS GROUP H YC-25
F:72T
 		$1.13 Billion
Yantai Zhenghai Magnetic Mat
SHE:300224
 		$1.13 Billion
Hefei Metalforming Mach Tool
SHG:603011
 		$1.13 Billion
Cencosud Shopping SA
SN:CENCOMALLS
 		$1.13 Billion
FORCE MOTORS LTD
NSE:FORCEMOT
 		$1.13 Billion
FIBRA Macquarie México
PINK:DBMBF
 		$1.13 Billion
Day One Biopharmaceuticals Inc
NASDAQ:DAWN
 		$1.13 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in State Grid Yingda Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 19,980,943,713 to 21,506,151,258, a change of 1,525,207,545 (7.6%).
  • Net income of 1,574,250,407 contributed positively to equity growth.
  • Dividend payments of 613,255,966 reduced retained earnings.
  • Other comprehensive income increased equity by 2,448,224,637.
  • Other factors decreased equity by 1,884,011,533.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.57 Billion +7.32%
Dividends Paid CN¥613.26 Million -2.85%
Other Comprehensive Income CN¥2.45 Billion +11.38%
Other Changes CN¥-1.88 Billion -8.76%
Total Change CN¥- 7.63%

Book Value vs Market Value Analysis

This analysis compares State Grid Yingda 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: 1.91x
  • 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 122.65x to 1.91x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2000-12-31 CN¥0.06 CN¥7.20 x
2001-12-31 CN¥0.07 CN¥7.20 x
2002-12-31 CN¥0.07 CN¥7.20 x
2003-12-31 CN¥0.22 CN¥7.20 x
2004-12-31 CN¥0.23 CN¥7.20 x
2005-12-31 CN¥0.24 CN¥7.20 x
2006-12-31 CN¥0.27 CN¥7.20 x
2007-12-31 CN¥0.68 CN¥7.20 x
2008-12-31 CN¥0.84 CN¥7.20 x
2009-12-31 CN¥1.05 CN¥7.20 x
2010-12-31 CN¥1.18 CN¥7.20 x
2011-12-31 CN¥1.12 CN¥7.20 x
2012-12-31 CN¥1.02 CN¥7.20 x
2013-12-31 CN¥1.72 CN¥7.20 x
2014-12-31 CN¥1.72 CN¥7.20 x
2015-12-31 CN¥2.36 CN¥7.20 x
2016-12-31 CN¥2.60 CN¥7.20 x
2017-12-31 CN¥2.66 CN¥7.20 x
2018-12-31 CN¥1.77 CN¥7.20 x
2019-12-31 CN¥2.52 CN¥7.20 x
2020-12-31 CN¥3.11 CN¥7.20 x
2021-12-31 CN¥3.21 CN¥7.20 x
2022-12-31 CN¥3.29 CN¥7.20 x
2023-12-31 CN¥3.50 CN¥7.20 x
2024-12-31 CN¥3.76 CN¥7.20 x

Capital Efficiency Dashboard

This dashboard shows how efficiently State Grid Yingda 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): 7.32%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 13.95%
  • • Asset Turnover: 0.24x
  • • Equity Multiplier: 2.17x
  • Recent ROE (7.32%) is below the historical average (14.35%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 24.93% 12.08% 0.56x 3.71x CN¥9.32 Million
2001 21.63% 13.39% 0.55x 2.92x CN¥9.26 Million
2002 23.03% 12.68% 0.57x 3.16x CN¥9.77 Million
2003 5.63% 8.84% 0.42x 1.50x CN¥-10.32 Million
2004 6.10% 8.06% 0.50x 1.52x CN¥-9.48 Million
2005 6.17% 5.01% 0.71x 1.74x CN¥-9.76 Million
2006 24.49% 9.51% 1.06x 2.43x CN¥41.93 Million
2007 23.81% 14.09% 0.99x 1.71x CN¥102.85 Million
2008 22.45% 13.25% 0.90x 1.88x CN¥117.26 Million
2009 21.71% 19.71% 0.75x 1.46x CN¥137.78 Million
2010 24.39% 21.09% 0.77x 1.51x CN¥188.71 Million
2011 13.37% 12.83% 0.70x 1.50x CN¥41.42 Million
2012 13.44% 9.84% 0.71x 1.91x CN¥38.95 Million
2013 13.38% 8.67% 0.74x 2.09x CN¥71.55 Million
2014 18.64% 8.03% 1.02x 2.28x CN¥198.87 Million
2015 13.56% 6.91% 0.72x 2.74x CN¥112.75 Million
2016 13.48% 6.77% 0.78x 2.55x CN¥122.03 Million
2017 6.76% 4.18% 0.63x 2.56x CN¥-114.92 Million
2018 0.57% 0.39% 0.55x 2.60x CN¥-323.19 Million
2019 27.83% 12.53% 0.88x 2.53x CN¥610.36 Million
2020 6.81% 14.53% 0.20x 2.30x CN¥-550.98 Million
2021 6.67% 12.90% 0.21x 2.45x CN¥-609.94 Million
2022 5.84% 10.13% 0.24x 2.36x CN¥-783.44 Million
2023 6.83% 12.52% 0.25x 2.22x CN¥-633.77 Million
2024 7.32% 13.95% 0.24x 2.17x CN¥-576.36 Million

Industry Comparison

This section compares State Grid Yingda 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
State Grid Yingda Co Ltd (600517) CN¥27.59 Billion 24.93% 0.79x $1.13 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