Ming Yang Smart Energy Group Ltd (601615) - Net Assets
Based on the latest financial reports, Ming Yang Smart Energy Group Ltd (601615) has net assets worth CN¥27.48 Billion CNY (≈ $4.02 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¥97.74 Billion ≈ $14.30 Billion USD) and total liabilities (CN¥70.26 Billion ≈ $10.28 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 Ming Yang Smart Energy Group Ltd to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥27.48 Billion |
| % of Total Assets | 28.12% |
| Annual Growth Rate | 30.45% |
| 5-Year Change | 48.15% |
| 10-Year Change | 640.13% |
| Growth Volatility | 63.01 |
Ming Yang Smart Energy Group Ltd - Net Assets Trend (2007–2025)
This chart illustrates how Ming Yang Smart Energy Group Ltd's net assets have evolved over time, based on quarterly financial data. See Ming Yang Smart Energy Group Ltd liquidity coverage in days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Ming Yang Smart Energy Group Ltd (2007–2025)
The table below shows the annual net assets of Ming Yang Smart Energy Group Ltd from 2007 to 2025. For live valuation and market cap data, see market value of Ming Yang Smart Energy Group Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥27.40 Billion ≈ $4.01 Billion |
+0.50% |
| 2024-12-31 | CN¥27.26 Billion ≈ $3.99 Billion |
-4.19% |
| 2023-12-31 | CN¥28.45 Billion ≈ $4.16 Billion |
+0.32% |
| 2022-12-31 | CN¥28.37 Billion ≈ $4.15 Billion |
+53.37% |
| 2021-12-31 | CN¥18.49 Billion ≈ $2.71 Billion |
+22.60% |
| 2020-12-31 | CN¥15.08 Billion ≈ $2.21 Billion |
+112.70% |
| 2019-12-31 | CN¥7.09 Billion ≈ $1.04 Billion |
+45.08% |
| 2018-12-31 | CN¥4.89 Billion ≈ $715.30 Million |
+14.83% |
| 2017-12-31 | CN¥4.26 Billion ≈ $622.94 Million |
+15.00% |
| 2016-12-31 | CN¥3.70 Billion ≈ $541.70 Million |
+13.49% |
| 2015-12-31 | CN¥3.26 Billion ≈ $477.32 Million |
+13.35% |
| 2014-12-31 | CN¥2.88 Billion ≈ $421.10 Million |
-4.60% |
| 2013-12-31 | CN¥3.02 Billion ≈ $441.41 Million |
+1.25% |
| 2012-12-31 | CN¥2.98 Billion ≈ $435.98 Million |
-4.88% |
| 2011-12-31 | CN¥3.13 Billion ≈ $458.36 Million |
+9.36% |
| 2010-12-31 | CN¥2.86 Billion ≈ $419.12 Million |
+147.83% |
| 2009-12-31 | CN¥1.16 Billion ≈ $169.12 Million |
+239.40% |
| 2008-12-31 | CN¥340.51 Million ≈ $49.83 Million |
+48.78% |
| 2007-12-31 | CN¥228.88 Million ≈ $33.49 Million |
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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 744291324493.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥7.43 Billion | 28.22% |
| Other Components | CN¥18.89 Billion | 71.78% |
| Total Equity | CN¥26.32 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 |
|---|---|
|
Godrej Industries Limited
NSE:GODREJIND
|
$4.05 Billion |
|
Gitlab Inc
NASDAQ:GTLB
|
$4.05 Billion |
|
Navin Fluorine International Limited
NSE:NAVINFLUOR
|
$4.05 Billion |
|
NBTM New Materials Group Co Ltd
SHG:600114
|
$4.05 Billion |
|
Tongcheng Travel Holdings Ltd
F:TEM
|
$4.05 Billion |
|
Imeik Technology Development Co
SHE:300896
|
$4.05 Billion |
|
JCDECAUX SE ADR 1/2/O.N.
F:DCS0
|
$4.04 Billion |
|
Liaoning Port Co Ltd
SHG:601880
|
$4.04 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 2024 to 2025, total equity changed from 26,237,474,000 to 26,317,003,413, a change of 79,529,413 (0.3%).
- Net income of 659,873,733 contributed positively to equity growth.
- Dividend payments of 1,046,088,668 reduced retained earnings.
- Other factors increased equity by 465,744,349.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥659.87 Million | +2.51% |
| Dividends Paid | CN¥1.05 Billion | -3.97% |
| Other Changes | CN¥465.74 Million | +1.77% |
| Total Change | CN¥- | 0.30% |
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: 1.05x
- 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 19.72x to 1.05x 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¥12.23 | x |
| 2009-12-31 | CN¥2.07 | CN¥12.23 | x |
| 2010-12-31 | CN¥5.13 | CN¥12.23 | x |
| 2011-12-31 | CN¥5.53 | CN¥12.23 | x |
| 2012-12-31 | CN¥2.75 | CN¥12.23 | x |
| 2013-12-31 | CN¥2.79 | CN¥12.23 | x |
| 2014-12-31 | CN¥2.69 | CN¥12.23 | x |
| 2015-12-31 | CN¥2.67 | CN¥12.23 | x |
| 2016-12-31 | CN¥3.28 | CN¥12.23 | x |
| 2017-12-31 | CN¥3.62 | CN¥12.23 | x |
| 2018-12-31 | CN¥4.08 | CN¥12.23 | x |
| 2019-12-31 | CN¥4.87 | CN¥12.23 | x |
| 2020-12-31 | CN¥9.67 | CN¥12.23 | x |
| 2021-12-31 | CN¥9.51 | CN¥12.23 | x |
| 2022-12-31 | CN¥12.46 | CN¥12.23 | x |
| 2023-12-31 | CN¥12.15 | CN¥12.23 | x |
| 2024-12-31 | CN¥11.37 | CN¥12.23 | x |
| 2025-12-31 | CN¥11.64 | CN¥12.23 | 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): 2.51%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.73%
- • Asset Turnover: 0.39x
- • Equity Multiplier: 3.68x
- Recent ROE (2.51%) is below the historical average (6.18%), 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 |
| 2025 | 2.51% | 1.73% | 0.39x | 3.68x | CN¥-1.97 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: $2,053,540,271
- Average return on equity (ROE) among peers: 4.45%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ming Yang Smart Energy Group Ltd (601615) | CN¥27.48 Billion | -21.85% | 2.56x | $4.05 Billion |
| Huayi Compressor Co Ltd (000404) | $2.70 Billion | 6.94% | 1.45x | $768.94 Million |
| Shenyang Machine Tool Co Ltd (000410) | $1.11 Billion | 8.63% | 3.77x | $1.98 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $9.75 Billion | 8.40% | 0.54x | $4.14 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $657.04 Million | 17.35% | 0.68x | $478.11 Million |
| Changchai Co Ltd (000570) | $2.06 Billion | 3.02% | 0.72x | $409.83 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $437.03 Million | 6.41% | 1.13x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $356.47 Million | -22.08% | 1.87x | $1.07 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $303.55 Million | 4.59% | 0.79x | $1.10 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.36 Billion | 2.28% | 1.62x | $788.41 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $803.92 Million | 9.00% | 0.67x | $1.83 Billion |
About 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 platforms; wind power equipment; wind power project investment; photovoltaic products; energ… Read more