State Grid Yingda Co Ltd (600517) - Net Assets
Based on the latest financial reports, State Grid Yingda Co Ltd (600517) has net assets worth CN¥27.59 Billion CNY (≈ $4.04 Billion USD) 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 ≈ $7.21 Billion USD) and total liabilities (CN¥21.71 Billion ≈ $3.18 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 financial resilience of State Grid Yingda Co Ltd to evaluate the company's liquid asset resilience ratio.
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. Also explore State Grid Yingda Co Ltd balance sheet assets for the complete picture of this company's asset base.
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. For live valuation and market cap data, see 600517 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 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 |
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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 |
|---|---|
|
Ameris Bancorp
NASDAQ:ABCB
|
$4.95 Billion |
|
Taiwan Business Bank
TW:2834
|
$4.96 Billion |
|
Scout24 AG
XETRA:G24
|
$4.96 Billion |
|
Crispr Therapeutics AG
NASDAQ:CRSP
|
$4.97 Billion |
|
ABL Bio Inc
KQ:298380
|
$4.95 Billion |
|
Turkcell Iletisim Hizmetleri AS
NYSE:TKC
|
$4.95 Billion |
|
Pangang Group Vanadium Titanium & Resources Co Ltd
SHE:000629
|
$4.95 Billion |
|
Main Street Capital Corporation
NYSE:MAIN
|
$4.95 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: 1.57x
- 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 100.84x to 1.57x 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¥5.92 | x |
| 2001-12-31 | CN¥0.07 | CN¥5.92 | x |
| 2002-12-31 | CN¥0.07 | CN¥5.92 | x |
| 2003-12-31 | CN¥0.22 | CN¥5.92 | x |
| 2004-12-31 | CN¥0.23 | CN¥5.92 | x |
| 2005-12-31 | CN¥0.24 | CN¥5.92 | x |
| 2006-12-31 | CN¥0.27 | CN¥5.92 | x |
| 2007-12-31 | CN¥0.68 | CN¥5.92 | x |
| 2008-12-31 | CN¥0.84 | CN¥5.92 | x |
| 2009-12-31 | CN¥1.05 | CN¥5.92 | x |
| 2010-12-31 | CN¥1.18 | CN¥5.92 | x |
| 2011-12-31 | CN¥1.12 | CN¥5.92 | x |
| 2012-12-31 | CN¥1.02 | CN¥5.92 | x |
| 2013-12-31 | CN¥1.72 | CN¥5.92 | x |
| 2014-12-31 | CN¥1.72 | CN¥5.92 | x |
| 2015-12-31 | CN¥2.36 | CN¥5.92 | x |
| 2016-12-31 | CN¥2.60 | CN¥5.92 | x |
| 2017-12-31 | CN¥2.66 | CN¥5.92 | x |
| 2018-12-31 | CN¥1.77 | CN¥5.92 | x |
| 2019-12-31 | CN¥2.52 | CN¥5.92 | x |
| 2020-12-31 | CN¥3.11 | CN¥5.92 | x |
| 2021-12-31 | CN¥3.21 | CN¥5.92 | x |
| 2022-12-31 | CN¥3.29 | CN¥5.92 | x |
| 2023-12-31 | CN¥3.50 | CN¥5.92 | x |
| 2024-12-31 | CN¥3.76 | CN¥5.92 | 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: $2,638,100,262
- Average return on equity (ROE) among peers: 8.55%
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 | $4.95 Billion |
| XJ Electric Co Ltd (000400) | $8.35 Billion | 2.39% | 0.75x | $3.75 Billion |
| Guangdong Macro Co Ltd (000533) | $1.10 Billion | 6.75% | 1.20x | $1.28 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.19 Billion | 10.32% | 0.10x | $1.02 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.57 Billion | 1.57% | 0.53x | $2.56 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $174.25 Million | 22.97% | 1.38x | $834.77 Million |
| Huagong Tech Co Ltd (000988) | $3.26 Billion | 7.06% | 0.72x | $17.59 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $434.81 Million | 6.61% | 1.31x | $1.79 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $22.29 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $526.87 Million |
| Gotion High tech Co Ltd (002074) | $9.06 Billion | 0.57% | 1.78x | $9.75 Billion |
About State Grid Yingda Co Ltd
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