China National Electric Apparatus R Net Assets
China National Electric Apparatus R net assets. Based on the latest financial reports, China National Electric Apparatus R (688128) has net assets worth CN¥3.63 Billion CNY (≈ $530.87 Million 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¥8.44 Billion ≈ $1.23 Billion USD) and total liabilities (CN¥4.81 Billion ≈ $703.84 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. Also explore net asset momentum of China National Electric Apparatus R to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.63 Billion |
| % of Total Assets | 43.0% |
| Annual Growth Rate | 46.51% |
| 5-Year Change | 381.12% |
| 10-Year Change | N/A |
| Growth Volatility | 88.72 |
Net Assets of China National Electric Apparatus R (2016–2025)
Net assets of China National Electric Apparatus R from 2016 to 2025. This chart illustrates how China National Electric Apparatus R's net assets have evolved over time, based on quarterly financial data. See China National Electric Apparatus R net asset quality index to measure how much of total assets are equity-financed.
Annual Net Assets for China National Electric Apparatus R (2016–2025)
The table below shows the annual net assets of China National Electric Apparatus R from 2016 to 2025. For live market cap and overall valuation, see China National Electric Apparatus R (688128) total market value.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥11.86 Billion ≈ $1.74 Billion |
+264.97% |
| 2024-12-31 | CN¥3.25 Billion ≈ $475.40 Million |
+9.87% |
| 2023-12-31 | CN¥2.96 Billion ≈ $432.68 Million |
+10.48% |
| 2022-12-31 | CN¥2.68 Billion ≈ $391.63 Million |
+8.59% |
| 2021-12-31 | CN¥2.46 Billion ≈ $360.63 Million |
+6.35% |
| 2020-12-31 | CN¥2.32 Billion ≈ $339.11 Million |
+7.44% |
| 2019-12-31 | CN¥2.16 Billion ≈ $315.64 Million |
+108.07% |
| 2018-12-31 | CN¥1.04 Billion ≈ $151.70 Million |
+3.93% |
| 2017-12-31 | CN¥997.44 Million ≈ $145.96 Million |
+161.53% |
| 2016-12-31 | CN¥381.38 Million ≈ $55.81 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 166836992512.0% over the analyzed period, indicating profitable operations and earnings retention.
China National Electric Apparatus R Net Assets Breakdown (December 2025)
China National Electric Apparatus R net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.60 Billion | 46.49% |
| Other Comprehensive Income | CN¥3.41 Billion | 99.21% |
| Total Equity | CN¥3.44 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 |
|---|---|
|
AeroSpace Technology of Korea
KQ:067390
|
$1.31 Billion |
|
Zhejiang Hisoar Pharmaceutical Co Ltd
SHE:002099
|
$1.31 Billion |
|
OC OERL.CORP ADR 2 SF 1
F:OBH0
|
$1.31 Billion |
|
Jiangsu Guomao Reducer Co Ltd
SHG:603915
|
$1.31 Billion |
|
National Vision Holdings Inc
NASDAQ:EYE
|
$1.31 Billion |
|
Success Electronics Ltd
SHE:002289
|
$1.31 Billion |
|
Liberty Latin America Ltd Class C
NASDAQ:LILAK
|
$1.31 Billion |
|
Novavax Inc
NASDAQ:NVAX
|
$1.31 Billion |
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 2024 to 2025, total equity changed from 3,223,172,351 to 3,436,878,000, a change of 213,705,649 (6.6%).
- Net income of 532,632,399 contributed positively to equity growth.
- Dividend payments of 202,732,194 reduced retained earnings.
- Other comprehensive income increased equity by 3,275,577,886.
- Other factors decreased equity by 3,391,772,442.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥532.63 Million | +15.5% |
| Dividends Paid | CN¥202.73 Million | -5.9% |
| Other Comprehensive Income | CN¥3.28 Billion | +95.31% |
| Other Changes | CN¥-3.39 Billion | -98.69% |
| Total Change | CN¥- | 6.63% |
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: 2.61x
- 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 12.50x to 2.61x 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¥22.16 | x |
| 2017-12-31 | CN¥3.44 | CN¥22.16 | x |
| 2018-12-31 | CN¥2.87 | CN¥22.16 | x |
| 2019-12-31 | CN¥5.27 | CN¥22.16 | x |
| 2020-12-31 | CN¥5.67 | CN¥22.16 | x |
| 2021-12-31 | CN¥6.04 | CN¥22.16 | x |
| 2022-12-31 | CN¥6.58 | CN¥22.16 | x |
| 2023-12-31 | CN¥7.19 | CN¥22.16 | x |
| 2024-12-31 | CN¥7.94 | CN¥22.16 | x |
| 2025-12-31 | CN¥8.50 | CN¥22.16 | 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): 15.50%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.18%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.45x
- Recent ROE (15.50%) is below the historical average (16.13%), 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 | 2.53x | CN¥118.29 Million |
| 2024 | 14.49% | 10.33% | 0.61x | 2.30x | CN¥144.74 Million |
| 2025 | 15.50% | 11.18% | 0.57x | 2.45x | CN¥188.94 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: $2,010,181,231
- Average return on equity (ROE) among peers: 11.70%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China National Electric Apparatus R (688128) | CN¥3.63 Billion | 34.98% | 1.33x | $1.31 Billion |
| XJ Electric Co Ltd (000400) | $169.94 Million | 38.32% | 1.55x | $3.28 Billion |
| Guangdong Macro Co Ltd (000533) | $1.50 Billion | 9.20% | 1.19x | $845.10 Million |
| Foshan Electrical and Lighting Co Ltd (000541) | $6.28 Billion | 4.77% | 0.55x | $867.22 Million |
| Dongfang Electronics Co Ltd (000682) | $1.38 Billion | 1.37% | 0.26x | $1.81 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.08 Billion | 1.60% | 4.43x | $560.80 Million |
| Huagong Tech Co Ltd (000988) | $8.26 Billion | 10.96% | 1.03x | $9.14 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $775.82 Million | 9.79% | 0.91x | $1.16 Billion |
| Sieyuan Electric Co Ltd (002028) | $75.64 Million | 28.40% | 0.62x | $11.68 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $187.63 Million | 2.79% | 0.16x | $366.50 Million |
| Gotion High tech Co Ltd (002074) | $402.05 Million | 9.81% | 0.84x | $6.00 Billion |
About 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