China XD Electric Co Ltd (601179) - Net Assets
Based on the latest financial reports, China XD Electric Co Ltd (601179) has net assets worth CN¥26.46 Billion CNY (≈ $3.87 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¥48.15 Billion ≈ $7.05 Billion USD) and total liabilities (CN¥21.69 Billion ≈ $3.17 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 tangible equity quality of China XD Electric Co Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥26.46 Billion |
| % of Total Assets | 54.95% |
| Annual Growth Rate | 12.12% |
| 5-Year Change | 16.6% |
| 10-Year Change | 29.21% |
| Growth Volatility | 56.94 |
China XD Electric Co Ltd - Net Assets Trend (2006–2025)
This chart illustrates how China XD Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. See China XD Electric Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China XD Electric Co Ltd (2006–2025)
The table below shows the annual net assets of China XD Electric Co Ltd from 2006 to 2025. For live valuation and market cap data, see 601179 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥25.97 Billion ≈ $3.80 Billion |
+4.61% |
| 2024-12-31 | CN¥24.83 Billion ≈ $3.63 Billion |
+1.65% |
| 2023-12-31 | CN¥24.43 Billion ≈ $3.57 Billion |
+6.46% |
| 2022-12-31 | CN¥22.94 Billion ≈ $3.36 Billion |
+3.00% |
| 2021-12-31 | CN¥22.28 Billion ≈ $3.26 Billion |
+6.86% |
| 2020-12-31 | CN¥20.85 Billion ≈ $3.05 Billion |
+0.21% |
| 2019-12-31 | CN¥20.80 Billion ≈ $3.04 Billion |
+0.61% |
| 2018-12-31 | CN¥20.68 Billion ≈ $3.03 Billion |
+1.39% |
| 2017-12-31 | CN¥20.39 Billion ≈ $2.98 Billion |
+1.45% |
| 2016-12-31 | CN¥20.10 Billion ≈ $2.94 Billion |
+4.19% |
| 2015-12-31 | CN¥19.29 Billion ≈ $2.82 Billion |
+2.57% |
| 2014-12-31 | CN¥18.81 Billion ≈ $2.75 Billion |
+2.08% |
| 2013-12-31 | CN¥18.43 Billion ≈ $2.70 Billion |
+25.29% |
| 2012-12-31 | CN¥14.71 Billion ≈ $2.15 Billion |
+0.63% |
| 2011-12-31 | CN¥14.61 Billion ≈ $2.14 Billion |
-2.98% |
| 2010-12-31 | CN¥15.06 Billion ≈ $2.20 Billion |
+258.19% |
| 2009-12-31 | CN¥4.21 Billion ≈ $615.38 Million |
+2.17% |
| 2008-12-31 | CN¥4.12 Billion ≈ $602.28 Million |
+11.53% |
| 2007-12-31 | CN¥3.69 Billion ≈ $540.02 Million |
+24.83% |
| 2006-12-31 | CN¥2.96 Billion ≈ $432.62 Million |
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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 514103303281.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥5.14 Billion | 22.37% |
| Other Components | CN¥17.84 Billion | 77.63% |
| Total Equity | CN¥22.98 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 |
|---|---|
|
Trimble Inc
NASDAQ:TRMB
|
$11.46 Billion |
|
The Phoenix Holdings Ltd.
TA:PHOE
|
$11.46 Billion |
|
Axa Equitable Holdings Inc
NYSE:EQH
|
$11.49 Billion |
|
Unisplendour Corp Ltd
SHE:000938
|
$11.49 Billion |
|
Astra International Tbk
JK:ASII
|
$11.41 Billion |
|
Air China Ltd Class A
SHG:601111
|
$11.41 Billion |
|
Hong Leong Bank Bhd
KLSE:5819
|
$11.41 Billion |
|
Stanley Black & Decker Inc
NYSE:SWK
|
$11.40 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 2024 to 2025, total equity changed from 22,024,621,000 to 22,981,058,408, a change of 956,437,408 (4.3%).
- Net income of 1,269,679,596 contributed positively to equity growth.
- Dividend payments of 563,194,011 reduced retained earnings.
- Other factors increased equity by 249,951,823.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.27 Billion | +5.52% |
| Dividends Paid | CN¥563.19 Million | -2.45% |
| Other Changes | CN¥249.95 Million | +1.09% |
| Total Change | CN¥- | 4.34% |
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: 3.40x
- 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 20.19x to 3.40x 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¥15.26 | x |
| 2007-12-31 | CN¥1.18 | CN¥15.26 | x |
| 2008-12-31 | CN¥1.29 | CN¥15.26 | x |
| 2009-12-31 | CN¥1.35 | CN¥15.26 | x |
| 2010-12-31 | CN¥3.46 | CN¥15.26 | x |
| 2011-12-31 | CN¥3.23 | CN¥15.26 | x |
| 2012-12-31 | CN¥3.23 | CN¥15.26 | x |
| 2013-12-31 | CN¥3.81 | CN¥15.26 | x |
| 2014-12-31 | CN¥3.50 | CN¥15.26 | x |
| 2015-12-31 | CN¥3.59 | CN¥15.26 | x |
| 2016-12-31 | CN¥3.70 | CN¥15.26 | x |
| 2017-12-31 | CN¥3.76 | CN¥15.26 | x |
| 2018-12-31 | CN¥3.83 | CN¥15.26 | x |
| 2019-12-31 | CN¥3.87 | CN¥15.26 | x |
| 2020-12-31 | CN¥3.87 | CN¥15.26 | x |
| 2021-12-31 | CN¥4.01 | CN¥15.26 | x |
| 2022-12-31 | CN¥4.11 | CN¥15.26 | x |
| 2023-12-31 | CN¥4.22 | CN¥15.26 | x |
| 2024-12-31 | CN¥4.39 | CN¥15.26 | x |
| 2025-12-31 | CN¥4.48 | CN¥15.26 | 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): 5.52%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.33%
- • Asset Turnover: 0.49x
- • Equity Multiplier: 2.13x
- Recent ROE (5.52%) is below the historical average (6.71%), 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 |
| 2025 | 5.52% | 5.33% | 0.49x | 2.13x | CN¥-1.03 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: $2,997,092,444
- Average return on equity (ROE) among peers: 11.85%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China XD Electric Co Ltd (601179) | CN¥26.46 Billion | 14.55% | 0.82x | $11.45 Billion |
| XJ Electric Co Ltd (000400) | $3.19 Billion | 10.42% | 1.17x | $3.41 Billion |
| Guangdong Macro Co Ltd (000533) | $584.74 Million | 33.57% | 4.43x | $1.05 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $9.77 Billion | 2.97% | 0.73x | $908.69 Million |
| Dongfang Electronics Co Ltd (000682) | $1.27 Billion | 0.84% | 0.19x | $2.52 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.08 Billion | 1.60% | 4.43x | $742.84 Million |
| Huagong Tech Co Ltd (000988) | $8.26 Billion | 10.96% | 1.03x | $26.12 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $1.44 Billion |
| Sieyuan Electric Co Ltd (002028) | $65.21 Million | 33.34% | 0.57x | $21.78 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.33 Million | -7.97% | 0.17x | $468.31 Million |
| Gotion High tech Co Ltd (002074) | $3.96 Billion | 26.03% | 1.58x | $7.89 Billion |
About 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 and internationally. The company provides AC/DC transformers, power electronics, smart distribution networks, and power devices. It also offers switches, converter valves, insulators and surge arresters, bushings, and electrical… Read more