Wetown Electric Group Co Ltd
Wetown Electric Group Co., Ltd. engages in the research, development, production, and sale of electrical products in China and internationally. It provides technical consultation and technical services of high and low voltage busways and complete sets of electrical equipment; other busways, such as wind power, nuclear power, and data center busway; transformers; wire bridges; medium and low volta… Read more
Wetown Electric Group Co Ltd (688226) - Net Assets
Latest net assets as of September 2025: CN¥1.79 Billion CNY
Based on the latest financial reports, Wetown Electric Group Co Ltd (688226) has net assets worth CN¥1.79 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¥5.10 Billion) and total liabilities (CN¥3.31 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¥1.79 Billion |
| % of Total Assets | 35.05% |
| Annual Growth Rate | 22.29% |
| 5-Year Change | 172.58% |
| 10-Year Change | 513.1% |
| Growth Volatility | 17.68 |
Wetown Electric Group Co Ltd - Net Assets Trend (2014–2024)
This chart illustrates how Wetown Electric Group Co 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 Wetown Electric Group Co Ltd (2014–2024)
The table below shows the annual net assets of Wetown Electric Group Co Ltd from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.74 Billion | +60.67% |
| 2023-12-31 | CN¥1.08 Billion | +14.47% |
| 2022-12-31 | CN¥945.01 Million | +5.79% |
| 2021-12-31 | CN¥893.31 Million | +40.09% |
| 2020-12-31 | CN¥637.66 Million | +7.99% |
| 2019-12-31 | CN¥590.47 Million | +11.72% |
| 2018-12-31 | CN¥528.53 Million | +8.33% |
| 2017-12-31 | CN¥487.89 Million | +44.52% |
| 2016-12-31 | CN¥337.60 Million | +19.08% |
| 2015-12-31 | CN¥283.50 Million | +22.07% |
| 2014-12-31 | CN¥232.25 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wetown Electric Group Co 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 186.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥457.18 Million | 27.44% |
| Common Stock | CN¥186.51 Million | 11.19% |
| Other Comprehensive Income | CN¥60.83 Million | 3.65% |
| Other Components | CN¥961.77 Million | 57.72% |
| Total Equity | CN¥1.67 Billion | 100.00% |
Wetown Electric Group Co Ltd Competitors by Market Cap
The table below lists competitors of Wetown Electric Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Strides Pharma Science Limited
NSE:STAR
|
$593.67 Million |
|
Konoike Transport Co. Ltd
F:2KT
|
$593.75 Million |
|
Kuros Biosciences AG
PINK:CSBTF
|
$594.01 Million |
|
Fujian Yuanli Active Carbon Co Ltd
SHE:300174
|
$595.01 Million |
|
Xiangxue Pharmaceutical
SHE:300147
|
$593.40 Million |
|
F.C.C. Co. Ltd
F:FCV
|
$593.39 Million |
|
Shandong Hi-Speed Road&Bridge
SHE:000498
|
$593.30 Million |
|
Dat Xanh Real Estate Service Contructions Corp
VN:DXG
|
$593.23 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wetown Electric Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,032,594,988 to 1,666,285,839, a change of 633,690,851 (61.4%).
- Net income of 94,870,212 contributed positively to equity growth.
- Dividend payments of 80,150,594 reduced retained earnings.
- Other comprehensive income increased equity by 8,989,964.
- Other factors increased equity by 609,981,269.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥94.87 Million | +5.69% |
| Dividends Paid | CN¥80.15 Million | -4.81% |
| Other Comprehensive Income | CN¥8.99 Million | +0.54% |
| Other Changes | CN¥609.98 Million | +36.61% |
| Total Change | CN¥- | 61.37% |
Book Value vs Market Value Analysis
This analysis compares Wetown Electric Group Co 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: 4.10x
- 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 19.29x to 4.10x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2014-12-31 | CN¥2.28 | CN¥43.98 | x |
| 2015-12-31 | CN¥2.69 | CN¥43.98 | x |
| 2016-12-31 | CN¥3.16 | CN¥43.98 | x |
| 2017-12-31 | CN¥4.43 | CN¥43.98 | x |
| 2018-12-31 | CN¥4.30 | CN¥43.98 | x |
| 2019-12-31 | CN¥3.59 | CN¥43.98 | x |
| 2020-12-31 | CN¥5.39 | CN¥43.98 | x |
| 2021-12-31 | CN¥5.53 | CN¥43.98 | x |
| 2022-12-31 | CN¥5.85 | CN¥43.98 | x |
| 2023-12-31 | CN¥6.60 | CN¥43.98 | x |
| 2024-12-31 | CN¥10.71 | CN¥43.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wetown Electric Group Co 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): 5.69%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.73%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.94x
- Recent ROE (5.69%) is below the historical average (10.97%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 18.86% | 6.78% | 0.82x | 3.39x | CN¥20.14 Million |
| 2015 | 18.22% | 7.52% | 0.94x | 2.56x | CN¥22.22 Million |
| 2016 | 14.85% | 7.45% | 0.85x | 2.35x | CN¥15.45 Million |
| 2017 | 9.25% | 5.87% | 0.89x | 1.77x | CN¥-3.49 Million |
| 2018 | 10.01% | 5.42% | 0.96x | 1.92x | CN¥54.96K |
| 2019 | 9.76% | 6.02% | 0.90x | 1.80x | CN¥-1.33 Million |
| 2020 | 7.80% | 5.01% | 0.80x | 1.95x | CN¥-13.37 Million |
| 2021 | 6.92% | 4.77% | 0.86x | 1.69x | CN¥-26.56 Million |
| 2022 | 7.66% | 4.27% | 0.88x | 2.05x | CN¥-21.41 Million |
| 2023 | 11.67% | 4.23% | 0.92x | 3.00x | CN¥17.20 Million |
| 2024 | 5.69% | 2.73% | 0.71x | 2.94x | CN¥-71.76 Million |
Industry Comparison
This section compares Wetown Electric Group Co 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: $2,439,846,079
- Average return on equity (ROE) among peers: 10.42%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wetown Electric Group Co Ltd (688226) | CN¥1.79 Billion | 18.86% | 1.85x | $593.61 Million |
| XJ Electric Co Ltd (000400) | $7.55 Billion | 11.51% | 0.89x | $2.54 Billion |
| Guangdong Macro Co Ltd (000533) | $971.33 Million | 13.39% | 1.48x | $880.32 Million |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.39 Billion | 11.14% | 0.11x | $703.62 Million |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.47 Billion | 5.33% | 0.99x | $366.05 Million |
| Huagong Tech Co Ltd (000988) | $1.16 Billion | 4.84% | 1.06x | $9.70 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $873.58 Million | 10.72% | 0.86x | $889.01 Million |
| Shijiazhuang Shangtai Technology Co. Ltd. A (001301) | $5.66 Billion | 12.76% | 0.31x | $1.58 Billion |
| Guangdong Xinyaguang Cable Co (001382) | $1.22 Billion | 11.09% | 0.26x | $212.27 Million |
| Sieyuan Electric Co Ltd (002028) | $2.91 Billion | 32.63% | 0.33x | $15.18 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.06 Million | -9.17% | 0.66x | $222.14 Million |