China National Electric Apparatus R
China National Electric Apparatus Research Institute Co., Ltd. provides solutions in the fields of quality and technology services, intelligent equipment, environmental-friendly coatings, and polyester resins in China and internationally. It operates through Complete Equipment; Electrical Equipment; Quality and Technical Service; and Environmental Protection Coatings and Resins segments. The comp… Read more
China National Electric Apparatus R (688128) - Net Assets
Latest net assets as of September 2025: CN¥3.44 Billion CNY
Based on the latest financial reports, China National Electric Apparatus R (688128) has net assets worth CN¥3.44 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¥7.95 Billion) and total liabilities (CN¥4.52 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¥3.44 Billion |
| % of Total Assets | 43.22% |
| Annual Growth Rate | 30.71% |
| 5-Year Change | 40.19% |
| 10-Year Change | N/A |
| Growth Volatility | 56.64 |
China National Electric Apparatus R - Net Assets Trend (2016–2024)
This chart illustrates how China National Electric Apparatus R'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 National Electric Apparatus R (2016–2024)
The table below shows the annual net assets of China National Electric Apparatus R from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.25 Billion | +10.82% |
| 2023-12-31 | CN¥2.93 Billion | +9.54% |
| 2022-12-31 | CN¥2.68 Billion | +8.59% |
| 2021-12-31 | CN¥2.46 Billion | +6.35% |
| 2020-12-31 | CN¥2.32 Billion | +7.44% |
| 2019-12-31 | CN¥2.16 Billion | +108.07% |
| 2018-12-31 | CN¥1.04 Billion | +3.93% |
| 2017-12-31 | CN¥997.44 Million | +161.53% |
| 2016-12-31 | CN¥381.38 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to China National Electric Apparatus R'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 135065718093.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.28 Billion | 39.72% |
| Common Stock | CN¥404.50 Million | 12.55% |
| Other Comprehensive Income | CN¥134.11 Million | 4.16% |
| Other Components | CN¥1.40 Billion | 43.57% |
| Total Equity | CN¥3.22 Billion | 100.00% |
China National Electric Apparatus R Competitors by Market Cap
The table below lists competitors of China National Electric Apparatus R ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
MNTN, Inc.
NYSE:MNTN
|
$336.73 Million |
|
Shenzhen Xinhao Photoelectricity Technology Co. Ltd
SHE:301051
|
$336.85 Million |
|
Nuvoco Vistas Corporation Limited
NSE:NUVOCO
|
$336.86 Million |
|
Zhejiang Tiancheng Control Co
SHG:603085
|
$336.86 Million |
|
Nanjing Doron Technology Corp
SHG:603528
|
$336.50 Million |
|
Nexus Real Estate Investment Trust
PINK:EFRTF
|
$336.47 Million |
|
Jahwa Electron
KO:033240
|
$336.42 Million |
|
Palm Landscape Architecture Co Ltd
SHE:002431
|
$336.33 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China National Electric Apparatus R's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,918,013,146 to 3,223,172,351, a change of 305,159,205 (10.5%).
- Net income of 467,054,851 contributed positively to equity growth.
- Dividend payments of 182,453,769 reduced retained earnings.
- Share repurchases of 10,780,000 reduced equity.
- Other comprehensive income increased equity by 39,522,602.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥467.05 Million | +14.49% |
| Dividends Paid | CN¥182.45 Million | -5.66% |
| Share Repurchases | CN¥10.78 Million | -0.33% |
| Other Comprehensive Income | CN¥39.52 Million | +1.23% |
| Other Changes | CN¥-8.18 Million | -0.25% |
| Total Change | CN¥- | 10.46% |
Book Value vs Market Value Analysis
This analysis compares China National Electric Apparatus R'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: 3.65x
- 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 16.36x to 3.65x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.77 | CN¥29.00 | x |
| 2017-12-31 | CN¥3.44 | CN¥29.00 | x |
| 2018-12-31 | CN¥2.87 | CN¥29.00 | x |
| 2019-12-31 | CN¥5.27 | CN¥29.00 | x |
| 2020-12-31 | CN¥5.67 | CN¥29.00 | x |
| 2021-12-31 | CN¥6.04 | CN¥29.00 | x |
| 2022-12-31 | CN¥6.58 | CN¥29.00 | x |
| 2023-12-31 | CN¥7.19 | CN¥29.00 | x |
| 2024-12-31 | CN¥7.94 | CN¥29.00 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China National Electric Apparatus R 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): 14.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 10.33%
- • Asset Turnover: 0.61x
- • Equity Multiplier: 2.30x
- Recent ROE (14.49%) is below the historical average (16.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 34.98% | 8.29% | 0.87x | 4.84x | CN¥93.54 Million |
| 2017 | 11.34% | 5.76% | 0.81x | 2.42x | CN¥13.24 Million |
| 2018 | 20.24% | 7.96% | 0.99x | 2.58x | CN¥104.67 Million |
| 2019 | 11.83% | 9.16% | 0.78x | 1.66x | CN¥39.08 Million |
| 2020 | 12.32% | 11.22% | 0.63x | 1.74x | CN¥53.21 Million |
| 2021 | 12.89% | 9.25% | 0.70x | 1.98x | CN¥70.62 Million |
| 2022 | 13.65% | 9.57% | 0.61x | 2.35x | CN¥97.17 Million |
| 2023 | 14.05% | 9.83% | 0.57x | 2.51x | CN¥118.29 Million |
| 2024 | 14.49% | 10.33% | 0.61x | 2.30x | CN¥144.74 Million |
Industry Comparison
This section compares China National Electric Apparatus R's net assets metrics with peer companies in the Electrical Equipment & Parts industry.
Industry Context
- Industry: Electrical Equipment & Parts
- Average net assets among peers: $2,399,685,798
- Average return on equity (ROE) among peers: -30.02%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China National Electric Apparatus R (688128) | CN¥3.44 Billion | 34.98% | 1.31x | $336.54 Million |
| XJ Electric Co Ltd (000400) | $11.69 Billion | 8.60% | 0.87x | $2.50 Billion |
| Guangdong Macro Co Ltd (000533) | $259.29 Million | -377.39% | 9.44x | $880.32 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.31 Billion | 8.55% | 0.86x | $364.23 Million |
| Huagong Tech Co Ltd (000988) | $3.01 Billion | 5.01% | 0.66x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.62 Billion | 6.74% | 1.87x | $855.32 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $1.35 Billion | 11.31% | 0.12x | $1.62 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $804.28 Million | 11.99% | 1.13x | $201.71 Million |
| Sieyuan Electric Co Ltd (002028) | $3.44 Billion | 10.09% | 0.45x | $14.61 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $217.00 Million |
| Gotion High tech Co Ltd (002074) | $324.01 Million | 7.87% | 0.45x | $5.08 Billion |