China XD Electric Co Ltd
China XD Electric Co., Ltd engages in the research, development, design, manufacture, sale, and test of high-voltage power transmission and distribution products in China. The company's products portfolio includes high-voltage switches, such as GIS, GCB, disconnectors, and grounding switches; power and converter transformers; smoothing and shunt reactors; DC transmission converter valves; power c… Read more
China XD Electric Co Ltd (601179) - Net Assets
Latest net assets as of September 2025: CN¥25.61 Billion CNY
Based on the latest financial reports, China XD Electric Co Ltd (601179) has net assets worth CN¥25.61 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¥47.66 Billion) and total liabilities (CN¥22.05 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¥25.61 Billion |
| % of Total Assets | 53.74% |
| Annual Growth Rate | 12.55% |
| 5-Year Change | 19.1% |
| 10-Year Change | 28.7% |
| Growth Volatility | 58.4 |
China XD Electric Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how China XD Electric 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 China XD Electric Co Ltd (2006–2024)
The table below shows the annual net assets of China XD Electric Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥24.83 Billion | +1.65% |
| 2023-12-31 | CN¥24.43 Billion | +6.46% |
| 2022-12-31 | CN¥22.94 Billion | +3.00% |
| 2021-12-31 | CN¥22.28 Billion | +6.86% |
| 2020-12-31 | CN¥20.85 Billion | +0.21% |
| 2019-12-31 | CN¥20.80 Billion | +0.61% |
| 2018-12-31 | CN¥20.68 Billion | +1.39% |
| 2017-12-31 | CN¥20.39 Billion | +1.45% |
| 2016-12-31 | CN¥20.10 Billion | +4.19% |
| 2015-12-31 | CN¥19.29 Billion | +2.57% |
| 2014-12-31 | CN¥18.81 Billion | +2.08% |
| 2013-12-31 | CN¥18.43 Billion | +25.29% |
| 2012-12-31 | CN¥14.71 Billion | +0.63% |
| 2011-12-31 | CN¥14.61 Billion | -2.98% |
| 2010-12-31 | CN¥15.06 Billion | +258.19% |
| 2009-12-31 | CN¥4.21 Billion | +2.17% |
| 2008-12-31 | CN¥4.12 Billion | +11.53% |
| 2007-12-31 | CN¥3.69 Billion | +24.83% |
| 2006-12-31 | CN¥2.96 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China XD Electric 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 426187600000.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.26 Billion | 19.35% |
| Common Stock | CN¥5.13 Billion | 23.27% |
| Other Components | CN¥12.64 Billion | 57.38% |
| Total Equity | CN¥22.02 Billion | 100.00% |
China XD Electric Co Ltd Competitors by Market Cap
The table below lists competitors of China XD Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CAR Group Ltd
AU:CAR
|
$5.32 Billion |
|
PNM Resources Inc
F:98P
|
$5.33 Billion |
|
Lithia Motors Inc
NYSE:LAD
|
$5.34 Billion |
|
DaVita HealthCare Partners Inc
NYSE:DVA
|
$5.34 Billion |
|
Spire Inc
NYSE:SR
|
$5.31 Billion |
|
LEG Immobilien SE
PINK:LEGIF
|
$5.31 Billion |
|
LG Chem Ltd
KO:051915
|
$5.31 Billion |
|
Federal Hme 6.55 Pf
OTCQB:FMCKI
|
$5.30 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China XD Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 21,641,977,981 to 22,024,621,000, a change of 382,643,019 (1.8%).
- Net income of 1,054,152,473 contributed positively to equity growth.
- Dividend payments of 527,992,956 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.05 Billion | +4.79% |
| Dividends Paid | CN¥527.99 Million | -2.4% |
| Other Changes | CN¥-143.52 Million | -0.65% |
| Total Change | CN¥- | 1.77% |
Book Value vs Market Value Analysis
This analysis compares China XD Electric 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: 4.02x
- 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 23.35x to 4.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.76 | CN¥17.65 | x |
| 2007-12-31 | CN¥1.18 | CN¥17.65 | x |
| 2008-12-31 | CN¥1.29 | CN¥17.65 | x |
| 2009-12-31 | CN¥1.35 | CN¥17.65 | x |
| 2010-12-31 | CN¥3.46 | CN¥17.65 | x |
| 2011-12-31 | CN¥3.23 | CN¥17.65 | x |
| 2012-12-31 | CN¥3.23 | CN¥17.65 | x |
| 2013-12-31 | CN¥3.81 | CN¥17.65 | x |
| 2014-12-31 | CN¥3.50 | CN¥17.65 | x |
| 2015-12-31 | CN¥3.59 | CN¥17.65 | x |
| 2016-12-31 | CN¥3.70 | CN¥17.65 | x |
| 2017-12-31 | CN¥3.76 | CN¥17.65 | x |
| 2018-12-31 | CN¥3.83 | CN¥17.65 | x |
| 2019-12-31 | CN¥3.87 | CN¥17.65 | x |
| 2020-12-31 | CN¥3.87 | CN¥17.65 | x |
| 2021-12-31 | CN¥4.01 | CN¥17.65 | x |
| 2022-12-31 | CN¥4.11 | CN¥17.65 | x |
| 2023-12-31 | CN¥4.22 | CN¥17.65 | x |
| 2024-12-31 | CN¥4.39 | CN¥17.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China XD Electric 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): 4.79%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.73%
- • Asset Turnover: 0.48x
- • Equity Multiplier: 2.09x
- Recent ROE (4.79%) is below the historical average (6.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 14.55% | 4.65% | 0.67x | 4.68x | CN¥103.16 Million |
| 2007 | 16.99% | 5.96% | 0.72x | 3.94x | CN¥248.86 Million |
| 2008 | 25.56% | 7.74% | 0.68x | 4.85x | CN¥613.19 Million |
| 2009 | 28.23% | 8.23% | 0.65x | 5.26x | CN¥745.95 Million |
| 2010 | 4.34% | 4.95% | 0.49x | 1.80x | CN¥-834.55 Million |
| 2011 | -3.71% | -4.66% | 0.38x | 2.09x | CN¥-1.91 Billion |
| 2012 | 0.84% | 0.93% | 0.43x | 2.08x | CN¥-1.29 Billion |
| 2013 | 1.89% | 2.53% | 0.41x | 1.84x | CN¥-1.43 Billion |
| 2014 | 3.80% | 4.86% | 0.46x | 1.71x | CN¥-1.12 Billion |
| 2015 | 4.90% | 6.78% | 0.41x | 1.77x | CN¥-939.52 Million |
| 2016 | 5.94% | 7.96% | 0.41x | 1.82x | CN¥-771.55 Million |
| 2017 | 4.65% | 6.24% | 0.43x | 1.74x | CN¥-1.03 Billion |
| 2018 | 2.90% | 4.09% | 0.40x | 1.76x | CN¥-1.39 Billion |
| 2019 | 2.08% | 2.67% | 0.44x | 1.78x | CN¥-1.57 Billion |
| 2020 | 1.23% | 1.52% | 0.44x | 1.83x | CN¥-1.74 Billion |
| 2021 | 2.65% | 3.78% | 0.37x | 1.89x | CN¥-1.51 Billion |
| 2022 | 2.94% | 3.30% | 0.46x | 1.94x | CN¥-1.49 Billion |
| 2023 | 4.15% | 4.23% | 0.48x | 2.02x | CN¥-1.27 Billion |
| 2024 | 4.79% | 4.73% | 0.48x | 2.09x | CN¥-1.15 Billion |
Industry Comparison
This section compares China XD Electric 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 |
|---|---|---|---|---|
| China XD Electric Co Ltd (601179) | CN¥25.61 Billion | 14.55% | 0.86x | $5.32 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 |