Ming Yang Smart Energy Group Ltd
Ming Yang Smart Energy Group Limited engages in the research and development, design, manufacture, sale, maintenance, and operation of energy equipment, wind turbines, and core components in China. It offers onshore and offshore wind turbines; manufactures fan blades; offshore wind power technology; sells platform; wind power equipment; wind power project investment; photovoltaic product; energy … Read more
Ming Yang Smart Energy Group Ltd (601615) - Net Assets
Latest net assets as of September 2025: CN¥27.42 Billion CNY
Based on the latest financial reports, Ming Yang Smart Energy Group Ltd (601615) has net assets worth CN¥27.42 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¥91.33 Billion) and total liabilities (CN¥63.91 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¥27.42 Billion |
| % of Total Assets | 30.02% |
| Annual Growth Rate | 32.47% |
| 5-Year Change | 80.74% |
| 10-Year Change | 735.8% |
| Growth Volatility | 64.07 |
Ming Yang Smart Energy Group Ltd - Net Assets Trend (2007–2024)
This chart illustrates how Ming Yang Smart Energy Group 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 Ming Yang Smart Energy Group Ltd (2007–2024)
The table below shows the annual net assets of Ming Yang Smart Energy Group Ltd from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥27.26 Billion | -4.19% |
| 2023-12-31 | CN¥28.45 Billion | +0.32% |
| 2022-12-31 | CN¥28.37 Billion | +53.37% |
| 2021-12-31 | CN¥18.49 Billion | +22.60% |
| 2020-12-31 | CN¥15.08 Billion | +112.70% |
| 2019-12-31 | CN¥7.09 Billion | +45.08% |
| 2018-12-31 | CN¥4.89 Billion | +14.83% |
| 2017-12-31 | CN¥4.26 Billion | +15.00% |
| 2016-12-31 | CN¥3.70 Billion | +13.49% |
| 2015-12-31 | CN¥3.26 Billion | +13.35% |
| 2014-12-31 | CN¥2.88 Billion | -4.60% |
| 2013-12-31 | CN¥3.02 Billion | +1.25% |
| 2012-12-31 | CN¥2.98 Billion | -4.88% |
| 2011-12-31 | CN¥3.13 Billion | +9.36% |
| 2010-12-31 | CN¥2.86 Billion | +147.83% |
| 2009-12-31 | CN¥1.16 Billion | +239.40% |
| 2008-12-31 | CN¥340.51 Million | +48.78% |
| 2007-12-31 | CN¥228.88 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ming Yang Smart Energy Group 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 749724751420.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥7.48 Billion | 28.51% |
| Common Stock | CN¥2.27 Billion | 8.66% |
| Other Components | CN¥16.48 Billion | 62.83% |
| Total Equity | CN¥26.24 Billion | 100.00% |
Ming Yang Smart Energy Group Ltd Competitors by Market Cap
The table below lists competitors of Ming Yang Smart Energy Group Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Grupo Aval
NYSE:AVAL
|
$5.28 Billion |
|
Global Net Lease Inc. 7.50% Cum. Redeem. Pfd. Series D
NYSE:GNL-PD
|
$5.29 Billion |
|
Black Hills Corporation
NYSE:BKH
|
$5.29 Billion |
|
Innolux Corp
TW:3481
|
$5.29 Billion |
|
Persimmon Plc
PINK:PSMMY
|
$5.28 Billion |
|
Getlink SE
OTCGREY:GRPTF
|
$5.28 Billion |
|
China Vanke Co Ltd Class A
SHE:000002
|
$5.28 Billion |
|
Rigetti Computing Inc
NASDAQ:RGTI
|
$5.27 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ming Yang Smart Energy Group Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 27,422,713,697 to 26,237,474,000, a change of -1,185,239,697 (-4.3%).
- Net income of 346,114,497 contributed positively to equity growth.
- Dividend payments of 1,150,741,000 reduced retained earnings.
- Other factors decreased equity by 380,613,194.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥346.11 Million | +1.32% |
| Dividends Paid | CN¥1.15 Billion | -4.39% |
| Other Changes | CN¥-380.61 Million | -1.45% |
| Total Change | CN¥- | -4.32% |
Book Value vs Market Value Analysis
This analysis compares Ming Yang Smart Energy Group 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: 1.95x
- 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 35.72x to 1.95x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2008-12-31 | CN¥0.62 | CN¥22.15 | x |
| 2009-12-31 | CN¥2.07 | CN¥22.15 | x |
| 2010-12-31 | CN¥5.13 | CN¥22.15 | x |
| 2011-12-31 | CN¥5.53 | CN¥22.15 | x |
| 2012-12-31 | CN¥2.75 | CN¥22.15 | x |
| 2013-12-31 | CN¥2.79 | CN¥22.15 | x |
| 2014-12-31 | CN¥2.69 | CN¥22.15 | x |
| 2015-12-31 | CN¥2.67 | CN¥22.15 | x |
| 2016-12-31 | CN¥3.28 | CN¥22.15 | x |
| 2017-12-31 | CN¥3.62 | CN¥22.15 | x |
| 2018-12-31 | CN¥4.08 | CN¥22.15 | x |
| 2019-12-31 | CN¥4.87 | CN¥22.15 | x |
| 2020-12-31 | CN¥9.67 | CN¥22.15 | x |
| 2021-12-31 | CN¥9.51 | CN¥22.15 | x |
| 2022-12-31 | CN¥12.46 | CN¥22.15 | x |
| 2023-12-31 | CN¥12.15 | CN¥22.15 | x |
| 2024-12-31 | CN¥11.37 | CN¥22.15 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ming Yang Smart Energy Group 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): 1.32%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.27%
- • Asset Turnover: 0.31x
- • Equity Multiplier: 3.31x
- Recent ROE (1.32%) is below the historical average (6.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2008 | -21.85% | -14.06% | 0.49x | 3.14x | CN¥-108.46 Million |
| 2009 | 27.48% | 10.16% | 0.85x | 3.19x | CN¥198.74 Million |
| 2010 | 10.65% | 7.49% | 0.55x | 2.60x | CN¥18.35 Million |
| 2011 | 2.52% | 1.59% | 0.49x | 3.22x | CN¥-227.38 Million |
| 2012 | -6.59% | -6.59% | 0.27x | 3.73x | CN¥-479.62 Million |
| 2013 | 0.62% | 0.51% | 0.34x | 3.57x | CN¥-275.50 Million |
| 2014 | 5.06% | 2.68% | 0.42x | 4.50x | CN¥-139.67 Million |
| 2015 | 11.23% | 5.15% | 0.46x | 4.75x | CN¥39.17 Million |
| 2016 | 9.15% | 4.84% | 0.36x | 5.26x | CN¥-29.36 Million |
| 2017 | 8.84% | 6.72% | 0.28x | 4.75x | CN¥-46.58 Million |
| 2018 | 9.57% | 6.17% | 0.31x | 5.02x | CN¥-19.23 Million |
| 2019 | 10.60% | 6.79% | 0.30x | 5.16x | CN¥40.51 Million |
| 2020 | 9.31% | 6.12% | 0.43x | 3.50x | CN¥-102.15 Million |
| 2021 | 17.17% | 11.60% | 0.44x | 3.34x | CN¥1.32 Billion |
| 2022 | 12.25% | 11.20% | 0.45x | 2.45x | CN¥633.34 Million |
| 2023 | 1.37% | 1.34% | 0.34x | 3.06x | CN¥-2.37 Billion |
| 2024 | 1.32% | 1.27% | 0.31x | 3.31x | CN¥-2.28 Billion |
Industry Comparison
This section compares Ming Yang Smart Energy Group Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,242,592,243
- Average return on equity (ROE) among peers: 0.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ming Yang Smart Energy Group Ltd (601615) | CN¥27.42 Billion | -21.85% | 2.33x | $5.28 Billion |
| Huayi Compressor Co Ltd (000404) | $83.42 Million | 0.00% | 1.93x | $437.73 Million |
| Shenyang Machine Tool Co Ltd (000410) | $973.75 Million | 2.65% | 2.70x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $351.55 Million | 1.05% | 0.46x | $1.93 Billion |
| Changchai Co Ltd (000570) | $1.42 Billion | 15.77% | 1.09x | $381.98 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $654.39 Million | 0.62% | 0.63x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $374.06 Million | -44.66% | 1.53x | $540.37 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $2.16 Billion | 10.62% | 0.70x | $970.60 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $1.86 Billion | 4.58% | 0.58x | $763.60 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $316.88 Million | 9.87% | 0.41x | $876.35 Million |
| Ning Xia Yin Xing Energy Co Ltd (000862) | $4.23 Billion | 3.79% | 1.25x | $459.10 Million |