State Grid Yingda Co Ltd (600517) - Net Assets

Latest as of March 2026: CN¥28.41 Billion CNY ≈ $4.16 Billion USD

Based on the latest financial reports, State Grid Yingda Co Ltd (600517) has net assets worth CN¥28.41 Billion CNY (≈ $4.16 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¥49.32 Billion ≈ $7.22 Billion USD) and total liabilities (CN¥20.91 Billion ≈ $3.06 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 State Grid Yingda Co Ltd (600517) strategic investment index to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥28.41 Billion
% of Total Assets	57.61%
Annual Growth Rate	27.08%
5-Year Change	29.88%
10-Year Change	646.17%
Growth Volatility	98.72

State Grid Yingda Co Ltd - Net Assets Trend (2000–2025)

This chart illustrates how State Grid Yingda Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see State Grid Yingda Co Ltd (600517) total market value.

Annual Net Assets for State Grid Yingda Co Ltd (2000–2025)

The table below shows the annual net assets of State Grid Yingda Co Ltd from 2000 to 2025. Also explore 600517 net assets growth trend to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥27.77 Billion ≈ $4.06 Billion	+9.75%
2024-12-31	CN¥25.31 Billion ≈ $3.70 Billion	+7.84%
2023-12-31	CN¥23.47 Billion ≈ $3.43 Billion	+6.40%
2022-12-31	CN¥22.05 Billion ≈ $3.23 Billion	+3.14%
2021-12-31	CN¥21.38 Billion ≈ $3.13 Billion	+6.68%
2020-12-31	CN¥20.04 Billion ≈ $2.93 Billion	+465.65%
2019-12-31	CN¥3.54 Billion ≈ $518.52 Million	-1.05%
2018-12-31	CN¥3.58 Billion ≈ $524.04 Million	-4.77%
2017-12-31	CN¥3.76 Billion ≈ $550.30 Million	+1.04%
2016-12-31	CN¥3.72 Billion ≈ $544.64 Million	+10.20%
2015-12-31	CN¥3.38 Billion ≈ $494.22 Million	+35.21%
2014-12-31	CN¥2.50 Billion ≈ $365.52 Million	+10.49%
2013-12-31	CN¥2.26 Billion ≈ $330.81 Million	+69.62%
2012-12-31	CN¥1.33 Billion ≈ $195.04 Million	-3.99%
2011-12-31	CN¥1.39 Billion ≈ $203.14 Million	-4.33%
2010-12-31	CN¥1.45 Billion ≈ $212.34 Million	+11.25%
2009-12-31	CN¥1.30 Billion ≈ $190.86 Million	+26.28%
2008-12-31	CN¥1.03 Billion ≈ $151.15 Million	+28.05%
2007-12-31	CN¥806.63 Million ≈ $118.04 Million	+165.01%
2006-12-31	CN¥304.38 Million ≈ $44.54 Million	+15.44%
2005-12-31	CN¥263.66 Million ≈ $38.58 Million	+6.73%
2004-12-31	CN¥247.03 Million ≈ $36.15 Million	+0.78%
2003-12-31	CN¥245.13 Million ≈ $35.87 Million	+192.55%
2002-12-31	CN¥83.79 Million ≈ $12.26 Million	-3.56%
2001-12-31	CN¥86.88 Million ≈ $12.71 Million	+25.16%
2000-12-31	CN¥69.41 Million ≈ $10.16 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 182416.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥9.33 Billion	39.75%
Other Components	CN¥14.14 Billion	60.25%
Total Equity	CN¥23.46 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
De Grey Mining Ltd AU:DEG	$4.19 Billion
Zhejiang Lante Optics Co Ltd SHG:688127	$4.19 Billion
Chengdu Xuguang Electronics Co Ltd SHG:600353	$4.19 Billion
GMS Inc NYSE:GMS	$4.20 Billion
JB Chemicals & Pharmaceuticals Limited NSE:JBCHEPHARM	$4.18 Billion
Chongyi Zhangyuan Tungsten Co Ltd SHE:002378	$4.18 Billion
Jiangsu Xinquan Automotive Trim Co Ltd SHG:603179	$4.18 Billion
Regis Resources Ltd AU:RRL	$4.18 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 2024 to 2025, total equity changed from 21,506,151,258 to 23,464,026,790, a change of 1,957,875,532 (9.1%).
Net income of 2,530,516,292 contributed positively to equity growth.
Dividend payments of 546,514,031 reduced retained earnings.
Other comprehensive income decreased equity by 2,514,330,053.
Other factors increased equity by 2,488,203,324.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥2.53 Billion	+10.78%
Dividends Paid	CN¥546.51 Million	-2.33%
Other Comprehensive Income	CN¥-2.51 Billion	-10.72%
Other Changes	CN¥2.49 Billion	+10.6%
Total Change	CN¥-	9.10%

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: 1.22x
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 85.17x to 1.22x 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¥5.00	x
2001-12-31	CN¥0.07	CN¥5.00	x
2002-12-31	CN¥0.07	CN¥5.00	x
2003-12-31	CN¥0.22	CN¥5.00	x
2004-12-31	CN¥0.23	CN¥5.00	x
2005-12-31	CN¥0.24	CN¥5.00	x
2006-12-31	CN¥0.27	CN¥5.00	x
2007-12-31	CN¥0.68	CN¥5.00	x
2008-12-31	CN¥0.84	CN¥5.00	x
2009-12-31	CN¥1.05	CN¥5.00	x
2010-12-31	CN¥1.18	CN¥5.00	x
2011-12-31	CN¥1.12	CN¥5.00	x
2012-12-31	CN¥1.02	CN¥5.00	x
2013-12-31	CN¥1.72	CN¥5.00	x
2014-12-31	CN¥1.72	CN¥5.00	x
2015-12-31	CN¥2.36	CN¥5.00	x
2016-12-31	CN¥2.60	CN¥5.00	x
2017-12-31	CN¥2.66	CN¥5.00	x
2018-12-31	CN¥1.77	CN¥5.00	x
2019-12-31	CN¥2.52	CN¥5.00	x
2020-12-31	CN¥3.11	CN¥5.00	x
2021-12-31	CN¥3.21	CN¥5.00	x
2022-12-31	CN¥3.29	CN¥5.00	x
2023-12-31	CN¥3.50	CN¥5.00	x
2024-12-31	CN¥3.76	CN¥5.00	x
2025-12-31	CN¥4.10	CN¥5.00	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): 10.78%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 21.17%
• Asset Turnover: 0.25x
• Equity Multiplier: 2.01x
Recent ROE (10.78%) is below the historical average (14.22%), 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
2025	10.78%	21.17%	0.25x	2.01x	CN¥184.11 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: $4,446,262,150
Average return on equity (ROE) among peers: 10.21%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
State Grid Yingda Co Ltd (600517)	CN¥28.41 Billion	24.93%	0.74x	$4.18 Billion
XJ Electric Co Ltd (000400)	$8.12 Billion	7.55%	0.88x	$3.04 Billion
Guangdong Macro Co Ltd (000533)	$1.23 Billion	12.30%	0.77x	$1.14 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$1.08 Billion	16.33%	0.33x	$885.25 Million
Dongfang Electronics Co Ltd (000682)	$555.62 Million	6.04%	2.27x	$2.10 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$557.50 Million	13.45%	0.65x	$744.67 Million
Huagong Tech Co Ltd (000988)	$635.52 Million	7.16%	0.29x	$15.86 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.54 Billion	5.61%	1.58x	$1.32 Billion
Sieyuan Electric Co Ltd (002028)	$662.13 Million	22.60%	1.20x	$15.80 Billion
Shanghai Welltech Automation Co Ltd (002058)	$186.07 Million	7.07%	0.22x	$353.70 Million
Gotion High tech Co Ltd (002074)	$29.90 Billion	4.04%	2.61x	$6.94 Billion

About State Grid Yingda Co Ltd

SHG:600517 China Electrical Equipment & Parts

Market Cap

$4.18 Billion

CN¥28.59 Billion CNY

Market Cap Rank

#4016 Global

#599 in China

Share Price

CN¥5.00

Change (1 day)

+1.83%

52-Week Range

CN¥4.64 - CN¥7.57

All Time High

CN¥14.90