Far East Smarter Energy Co Ltd
Far East Smarter Energy Co., Ltd. provides smart energy and digital city services in China and internationally. It is involved in the research, development, design, manufacture, market, and service of overhead conductor, power cable, wire and cable for electrical equipment, and special cable used in clean energy, smart grid, smart manufacturing, smart transportation, green building and etc.; low … Read more
Far East Smarter Energy Co Ltd (600869) - Net Assets
Latest net assets as of September 2025: CN¥4.30 Billion CNY
Based on the latest financial reports, Far East Smarter Energy Co Ltd (600869) has net assets worth CN¥4.30 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¥21.28 Billion) and total liabilities (CN¥16.98 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¥4.30 Billion |
| % of Total Assets | 20.23% |
| Annual Growth Rate | 15.39% |
| 5-Year Change | 31.78% |
| 10-Year Change | -0.65% |
| Growth Volatility | 332.53 |
Far East Smarter Energy Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Far East Smarter Energy 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 Far East Smarter Energy Co Ltd (1994–2024)
The table below shows the annual net assets of Far East Smarter Energy Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.33 Billion | -8.96% |
| 2023-12-31 | CN¥4.75 Billion | +7.21% |
| 2022-12-31 | CN¥4.43 Billion | +15.79% |
| 2021-12-31 | CN¥3.83 Billion | +16.61% |
| 2020-12-31 | CN¥3.28 Billion | -34.45% |
| 2019-12-31 | CN¥5.01 Billion | +0.60% |
| 2018-12-31 | CN¥4.98 Billion | -17.11% |
| 2017-12-31 | CN¥6.01 Billion | +2.15% |
| 2016-12-31 | CN¥5.88 Billion | +35.03% |
| 2015-12-31 | CN¥4.36 Billion | +31.88% |
| 2014-12-31 | CN¥3.30 Billion | +6.44% |
| 2013-12-31 | CN¥3.10 Billion | +3.04% |
| 2012-12-31 | CN¥3.01 Billion | -7.71% |
| 2011-12-31 | CN¥3.26 Billion | +119.60% |
| 2010-12-31 | CN¥1.49 Billion | +1842.51% |
| 2009-12-31 | CN¥76.50 Million | -1.31% |
| 2008-12-31 | CN¥77.51 Million | -45.43% |
| 2007-12-31 | CN¥142.03 Million | -3.97% |
| 2006-12-31 | CN¥147.90 Million | +6.21% |
| 2005-12-31 | CN¥139.25 Million | +7.68% |
| 2004-12-31 | CN¥129.31 Million | +4.72% |
| 2003-12-31 | CN¥123.48 Million | -3.82% |
| 2002-12-31 | CN¥128.39 Million | -38.74% |
| 2001-12-31 | CN¥209.56 Million | -8.60% |
| 2000-12-31 | CN¥229.27 Million | +3.48% |
| 1999-12-31 | CN¥221.56 Million | -3.10% |
| 1998-12-31 | CN¥228.66 Million | -2.90% |
| 1997-12-31 | CN¥235.48 Million | +2.34% |
| 1996-12-31 | CN¥230.10 Million | +13.91% |
| 1995-12-31 | CN¥202.00 Million | +242.37% |
| 1994-12-31 | CN¥59.00 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Far East Smarter Energy 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 4525.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥416.01 Million | 9.73% |
| Common Stock | CN¥2.22 Billion | 51.91% |
| Other Components | CN¥1.64 Billion | 38.36% |
| Total Equity | CN¥4.28 Billion | 100.00% |
Far East Smarter Energy Co Ltd Competitors by Market Cap
The table below lists competitors of Far East Smarter Energy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Stewart Information Services Corp
NYSE:STC
|
$1.76 Billion |
|
Just Group plc
PINK:JTGPF
|
$1.76 Billion |
|
EVONIK INDUST.(U.ARD)2
F:EVKA
|
$1.76 Billion |
|
Banca Popolare di Sondrio ScpA
LSE:0NWJ
|
$1.76 Billion |
|
Arion banki hf
IC:ARION
|
$1.75 Billion |
|
Topco Scientific Co Ltd
TW:5434
|
$1.75 Billion |
|
Schaeffler India Limited
NSE:SCHAEFFLER
|
$1.75 Billion |
|
Beijing United Information Technology Co Ltd
SHG:603613
|
$1.75 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Far East Smarter Energy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,665,379,536 to 4,275,514,545, a change of -389,864,991 (-8.4%).
- Net loss of 318,042,417 reduced equity.
- Dividend payments of 488,114,823 reduced retained earnings.
- Other factors increased equity by 416,292,249.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-318.04 Million | -7.44% |
| Dividends Paid | CN¥488.11 Million | -11.42% |
| Other Changes | CN¥416.29 Million | +9.74% |
| Total Change | CN¥- | -8.36% |
Book Value vs Market Value Analysis
This analysis compares Far East Smarter Energy 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: 6.95x
- 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 111.18x to 6.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.12 | CN¥13.38 | x |
| 1995-12-31 | CN¥0.41 | CN¥13.38 | x |
| 1996-12-31 | CN¥0.47 | CN¥13.38 | x |
| 1997-12-31 | CN¥0.48 | CN¥13.38 | x |
| 1998-12-31 | CN¥0.46 | CN¥13.38 | x |
| 1999-12-31 | CN¥0.44 | CN¥13.38 | x |
| 2000-12-31 | CN¥0.46 | CN¥13.38 | x |
| 2001-12-31 | CN¥0.42 | CN¥13.38 | x |
| 2002-12-31 | CN¥0.18 | CN¥13.38 | x |
| 2003-12-31 | CN¥0.17 | CN¥13.38 | x |
| 2004-12-31 | CN¥0.18 | CN¥13.38 | x |
| 2005-12-31 | CN¥0.19 | CN¥13.38 | x |
| 2006-12-31 | CN¥0.30 | CN¥13.38 | x |
| 2007-12-31 | CN¥0.28 | CN¥13.38 | x |
| 2008-12-31 | CN¥0.16 | CN¥13.38 | x |
| 2009-12-31 | CN¥0.04 | CN¥13.38 | x |
| 2010-12-31 | CN¥0.87 | CN¥13.38 | x |
| 2011-12-31 | CN¥1.88 | CN¥13.38 | x |
| 2012-12-31 | CN¥1.48 | CN¥13.38 | x |
| 2013-12-31 | CN¥1.53 | CN¥13.38 | x |
| 2014-12-31 | CN¥1.57 | CN¥13.38 | x |
| 2015-12-31 | CN¥2.09 | CN¥13.38 | x |
| 2016-12-31 | CN¥2.62 | CN¥13.38 | x |
| 2017-12-31 | CN¥2.52 | CN¥13.38 | x |
| 2018-12-31 | CN¥2.19 | CN¥13.38 | x |
| 2019-12-31 | CN¥2.21 | CN¥13.38 | x |
| 2020-12-31 | CN¥1.43 | CN¥13.38 | x |
| 2021-12-31 | CN¥1.68 | CN¥13.38 | x |
| 2022-12-31 | CN¥1.94 | CN¥13.38 | x |
| 2023-12-31 | CN¥2.10 | CN¥13.38 | x |
| 2024-12-31 | CN¥1.93 | CN¥13.38 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Far East Smarter Energy 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): -7.44%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -1.22%
- • Asset Turnover: 1.29x
- • Equity Multiplier: 4.72x
- Recent ROE (-7.44%) is below the historical average (-1.10%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 15.25% | 11.05% | 0.85x | 1.63x | CN¥3.09 Million |
| 1995 | 16.58% | 35.65% | 0.34x | 1.37x | CN¥13.30 Million |
| 1996 | 11.35% | 25.87% | 0.31x | 1.40x | CN¥3.07 Million |
| 1997 | 0.72% | 1.78% | 0.27x | 1.47x | CN¥-21.67 Million |
| 1998 | -1.97% | -4.14% | 0.32x | 1.50x | CN¥-27.13 Million |
| 1999 | 2.73% | 5.29% | 0.32x | 1.62x | CN¥-15.83 Million |
| 2000 | 4.28% | 8.03% | 0.32x | 1.67x | CN¥-13.00 Million |
| 2001 | 0.85% | 1.50% | 0.28x | 2.04x | CN¥-18.94 Million |
| 2002 | -63.84% | -86.12% | 0.28x | 2.69x | CN¥-93.32 Million |
| 2003 | -13.83% | -14.57% | 0.32x | 2.98x | CN¥-28.99 Million |
| 2004 | 13.74% | 12.42% | 0.38x | 2.90x | CN¥4.76 Million |
| 2005 | 6.87% | 6.32% | 0.45x | 2.40x | CN¥-4.31 Million |
| 2006 | 5.03% | 4.50% | 0.47x | 2.36x | CN¥-7.27 Million |
| 2007 | 4.66% | 3.71% | 0.55x | 2.27x | CN¥-7.50 Million |
| 2008 | -74.40% | -27.17% | 0.75x | 3.63x | CN¥-64.04 Million |
| 2009 | 3.04% | 1.08% | 0.69x | 4.07x | CN¥-5.23 Million |
| 2010 | 20.37% | 3.20% | 1.14x | 5.59x | CN¥153.99 Million |
| 2011 | 10.12% | 3.00% | 1.01x | 3.33x | CN¥4.05 Million |
| 2012 | -4.86% | -1.44% | 1.07x | 3.14x | CN¥-434.67 Million |
| 2013 | 10.00% | 2.62% | 1.16x | 3.29x | CN¥-147.58K |
| 2014 | 5.87% | 1.61% | 0.93x | 3.93x | CN¥-128.70 Million |
| 2015 | 10.15% | 3.61% | 0.89x | 3.17x | CN¥6.43 Million |
| 2016 | 5.10% | 2.34% | 0.90x | 2.42x | CN¥-275.98 Million |
| 2017 | 0.91% | 0.30% | 0.91x | 3.38x | CN¥-507.63 Million |
| 2018 | 3.05% | 0.85% | 0.95x | 3.78x | CN¥-337.45 Million |
| 2019 | 0.92% | 0.26% | 0.97x | 3.61x | CN¥-444.93 Million |
| 2020 | -53.16% | -8.54% | 1.17x | 5.30x | CN¥-2.01 Billion |
| 2021 | 14.20% | 2.54% | 1.19x | 4.71x | CN¥157.02 Million |
| 2022 | 12.82% | 2.55% | 1.14x | 4.43x | CN¥121.52 Million |
| 2023 | 6.85% | 1.31% | 1.22x | 4.30x | CN¥-146.87 Million |
| 2024 | -7.44% | -1.22% | 1.29x | 4.72x | CN¥-745.59 Million |
Industry Comparison
This section compares Far East Smarter Energy 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: $1,441,846,436
- Average return on equity (ROE) among peers: 9.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Far East Smarter Energy Co Ltd (600869) | CN¥4.30 Billion | 15.25% | 3.94x | $1.76 Billion |
| XJ Electric Co Ltd (000400) | $2.33 Billion | 4.98% | 1.00x | $2.59 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $557.50 Million | 13.45% | 0.65x | $370.62 Million |
| Huagong Tech Co Ltd (000988) | $1.16 Billion | 4.84% | 1.06x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $883.83 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.84 Billion | 29.48% | 0.99x | $1.66 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $915.55 Million | 12.10% | 0.81x | $193.26 Million |
| Sieyuan Electric Co Ltd (002028) | $4.71 Billion | 6.26% | 0.61x | $14.43 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $218.98 Million | 10.86% | 0.64x | $218.23 Million |
| Gotion High tech Co Ltd (002074) | $467.84 Million | 5.86% | 0.80x | $5.23 Billion |