Chongqing Wangbian Electric (Group) Corp. Ltd. (603191) - Net Assets
Based on the latest financial reports, Chongqing Wangbian Electric (Group) Corp. Ltd. (603191) has net assets worth CN¥2.49 Billion CNY (≈ $363.70 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥6.76 Billion ≈ $989.73 Million USD) and total liabilities (CN¥4.28 Billion ≈ $626.03 Million 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 Chongqing Wangbian Electric (Group) Corp asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.49 Billion |
| % of Total Assets | 36.75% |
| Annual Growth Rate | 26.54% |
| 5-Year Change | 173.07% |
| 10-Year Change | N/A |
| Growth Volatility | 36.74 |
Chongqing Wangbian Electric (Group) Corp. Ltd. - Net Assets Trend (2019–2024)
This chart illustrates how Chongqing Wangbian Electric (Group) Corp. Ltd.'s net assets have evolved over time, based on quarterly financial data. Also explore Chongqing Wangbian Electric (Group) Corp balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Chongqing Wangbian Electric (Group) Corp. Ltd. (2019–2024)
The table below shows the annual net assets of Chongqing Wangbian Electric (Group) Corp. Ltd. from 2019 to 2024. For live valuation and market cap data, see market value of Chongqing Wangbian Electric (Group) Corp.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.55 Billion ≈ $373.56 Million |
+6.78% |
| 2023-12-31 | CN¥2.39 Billion ≈ $349.85 Million |
+5.45% |
| 2022-12-31 | CN¥2.27 Billion ≈ $331.77 Million |
+103.29% |
| 2021-12-31 | CN¥1.12 Billion ≈ $163.20 Million |
+19.30% |
| 2020-12-31 | CN¥934.86 Million ≈ $136.80 Million |
+18.89% |
| 2019-12-31 | CN¥786.34 Million ≈ $115.07 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Chongqing Wangbian Electric (Group) Corp. 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 251.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.00 Billion | 41.58% |
| Other Components | CN¥1.41 Billion | 58.42% |
| Total Equity | CN¥2.41 Billion | 100.00% |
Chongqing Wangbian Electric (Group) Corp. Ltd. Competitors by Market Cap
The table below lists competitors of Chongqing Wangbian Electric (Group) Corp. Ltd. ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Sarawak Oil Palms Bhd
KLSE:5126
|
$1.00 Billion |
|
AVALON TECHNOLOGIES LTD
NSE:AVALON
|
$1.00 Billion |
|
PLAYTIKA HOLDING DL-01
F:8II
|
$1.00 Billion |
|
Shenzhen INVT Electric Co Ltd
SHE:002334
|
$1.00 Billion |
|
Priortech
TA:PRTC
|
$1.00 Billion |
|
Daktronics Inc
NASDAQ:DAKT
|
$1.00 Billion |
|
CareDx Inc
NASDAQ:CDNA
|
$1.00 Billion |
|
Supply Network Ltd
AU:SNL
|
$1.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Chongqing Wangbian Electric (Group) Corp. Ltd.'s equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,390,808,457 to 2,413,243,343, a change of 22,434,886 (0.9%).
- Net income of 65,166,472 contributed positively to equity growth.
- Dividend payments of 95,260,132 reduced retained earnings.
- Other factors increased equity by 52,528,546.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥65.17 Million | +2.7% |
| Dividends Paid | CN¥95.26 Million | -3.95% |
| Other Changes | CN¥52.53 Million | +2.18% |
| Total Change | CN¥- | 0.94% |
Book Value vs Market Value Analysis
This analysis compares Chongqing Wangbian Electric (Group) Corp. 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: 2.84x
- 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 6.56x to 2.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥3.14 | CN¥20.58 | x |
| 2020-12-31 | CN¥3.72 | CN¥20.58 | x |
| 2021-12-31 | CN¥4.44 | CN¥20.58 | x |
| 2022-12-31 | CN¥6.80 | CN¥20.58 | x |
| 2023-12-31 | CN¥7.18 | CN¥20.58 | x |
| 2024-12-31 | CN¥7.24 | CN¥20.58 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Chongqing Wangbian Electric (Group) Corp. 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): 2.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.94%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.71x
- Recent ROE (2.70%) is below the historical average (11.83%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 13.92% | 9.85% | 0.80x | 1.77x | CN¥30.72 Million |
| 2020 | 15.33% | 10.99% | 0.72x | 1.93x | CN¥49.55 Million |
| 2021 | 16.05% | 9.21% | 0.86x | 2.01x | CN¥67.13 Million |
| 2022 | 13.15% | 11.80% | 0.72x | 1.55x | CN¥71.45 Million |
| 2023 | 9.81% | 8.63% | 0.56x | 2.04x | CN¥-4.49 Million |
| 2024 | 2.70% | 1.94% | 0.51x | 2.71x | CN¥-176.16 Million |
Industry Comparison
This section compares Chongqing Wangbian Electric (Group) Corp. 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: $1,627,273,163
- Average return on equity (ROE) among peers: 11.53%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Chongqing Wangbian Electric (Group) Corp. Ltd. (603191) | CN¥2.49 Billion | 13.92% | 1.72x | $1.00 Billion |
| XJ Electric Co Ltd (000400) | $1.62 Billion | 9.34% | 0.70x | $3.94 Billion |
| Guangdong Macro Co Ltd (000533) | $1.45 Billion | 10.70% | 1.25x | $1.36 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.84 Billion | 10.28% | 0.11x | $1.04 Billion |
| Dongfang Electronics Co Ltd (000682) | $411.24 Million | 32.62% | 0.36x | $2.64 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.42 Billion | 8.15% | 0.96x | $1.05 Billion |
| Huagong Tech Co Ltd (000988) | $773.02 Million | 4.54% | 0.79x | $20.11 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $775.82 Million | 9.79% | 0.91x | $1.92 Billion |
| Sieyuan Electric Co Ltd (002028) | $6.71 Billion | 13.91% | 0.65x | $22.64 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $183.97 Million | -6.05% | 0.22x | $555.84 Million |
| Gotion High tech Co Ltd (002074) | $87.88 Million | 21.99% | 1.03x | $9.88 Billion |
About Chongqing Wangbian Electric (Group) Corp. Ltd.
Chongqing Wangbian Electric (Group) Corp., Ltd. engages in the research and development, production, and sale of power transmission and distribution and control equipment, and oriented silicon steel products in China. It offers power transformers, box-type substations, and sets of electrical equipment for use in agriculture, industry, and commerce, as well as residential electricity applications,… Read more