Wetown Electric Group Co Ltd Net Assets
Wetown Electric Group Co Ltd net assets. Based on the latest financial reports, Wetown Electric Group Co Ltd (688226) has net assets worth CN¥2.16 Billion CNY (≈ $316.17 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥5.92 Billion ≈ $866.75 Million USD) and total liabilities (CN¥3.76 Billion ≈ $550.58 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 growth rate of Wetown Electric Group Co Ltd to track the company's year-over-year net asset growth rate.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.16 Billion |
| % of Total Assets | 36.48% |
| Annual Growth Rate | 36.53% |
| 5-Year Change | 698.84% |
| 10-Year Change | 2013.77% |
| Growth Volatility | 84.24 |
Net Assets of Wetown Electric Group Co Ltd (2014–2025)
Net assets of Wetown Electric Group Co Ltd from 2014 to 2025. This chart illustrates how Wetown Electric Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See 688226 equity financing ratio to measure how much of total assets are equity-financed.
Annual Net Assets for Wetown Electric Group Co Ltd (2014–2025)
The table below shows the annual net assets of Wetown Electric Group Co Ltd from 2014 to 2025. For live market cap and overall valuation, see Wetown Electric Group Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.14 Billion ≈ $1.04 Billion |
+310.56% |
| 2024-12-31 | CN¥1.74 Billion ≈ $254.35 Million |
+60.67% |
| 2023-12-31 | CN¥1.08 Billion ≈ $158.30 Million |
+14.47% |
| 2022-12-31 | CN¥945.01 Million ≈ $138.28 Million |
+5.79% |
| 2021-12-31 | CN¥893.31 Million ≈ $130.72 Million |
+40.09% |
| 2020-12-31 | CN¥637.66 Million ≈ $93.31 Million |
+7.99% |
| 2019-12-31 | CN¥590.47 Million ≈ $86.40 Million |
+11.72% |
| 2018-12-31 | CN¥528.53 Million ≈ $77.34 Million |
+8.33% |
| 2017-12-31 | CN¥487.89 Million ≈ $71.39 Million |
+44.52% |
| 2016-12-31 | CN¥337.60 Million ≈ $49.40 Million |
+19.08% |
| 2015-12-31 | CN¥283.50 Million ≈ $41.49 Million |
+22.07% |
| 2014-12-31 | CN¥232.25 Million ≈ $33.99 Million |
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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 185.8% over the analyzed period, indicating profitable operations and earnings retention.
Wetown Electric Group Co Ltd Net Assets Breakdown (December 2025)
Wetown Electric Group Co Ltd net assets breakdown by equity component as of December 2025.
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥455.49 Million | 25.48% |
| Other Comprehensive Income | CN¥1.67 Billion | 93.37% |
| Total Equity | CN¥1.79 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 |
|---|---|
|
INMODE LTD IS -01
F:154
|
$711.77 Million |
|
Chengdu ALD Aviation Manufacturing Corp
SHE:300696
|
$712.10 Million |
|
Weihai Honglin Electronic Co. Ltd. A
SHE:301439
|
$712.29 Million |
|
Washington Trust Bancorp Inc
NASDAQ:WASH
|
$712.43 Million |
|
Transcat Inc
NASDAQ:TRNS
|
$711.58 Million |
|
Nusantara Sawit Sejahtera
JK:NSSS
|
$711.29 Million |
|
Jiangsu LiXing General Steel Ball Co Ltd
SHE:300421
|
$711.22 Million |
|
Guangzhou Haoyang Electronic Co Ltd
SHE:300833
|
$711.14 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 2024 to 2025, total equity changed from 1,666,285,839 to 1,787,853,301, a change of 121,567,462 (7.3%).
- Net income of 31,799,600 contributed positively to equity growth.
- Dividend payments of 91,458,806 reduced retained earnings.
- Other comprehensive income increased equity by 1,608,452,698.
- Other factors decreased equity by 1,427,226,030.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥31.80 Million | +1.78% |
| Dividends Paid | CN¥91.46 Million | -5.12% |
| Other Comprehensive Income | CN¥1.61 Billion | +89.97% |
| Other Changes | CN¥-1.43 Billion | -79.83% |
| Total Change | CN¥- | 7.30% |
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: 2.59x
- 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 10.88x to 2.59x 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¥24.80 | x |
| 2015-12-31 | CN¥2.69 | CN¥24.80 | x |
| 2016-12-31 | CN¥3.16 | CN¥24.80 | x |
| 2017-12-31 | CN¥4.43 | CN¥24.80 | x |
| 2018-12-31 | CN¥4.30 | CN¥24.80 | x |
| 2019-12-31 | CN¥4.81 | CN¥24.80 | x |
| 2020-12-31 | CN¥5.25 | CN¥24.80 | x |
| 2021-12-31 | CN¥6.36 | CN¥24.80 | x |
| 2022-12-31 | CN¥5.88 | CN¥24.80 | x |
| 2023-12-31 | CN¥6.60 | CN¥24.80 | x |
| 2024-12-31 | CN¥10.71 | CN¥24.80 | x |
| 2025-12-31 | CN¥9.56 | CN¥24.80 | 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): 1.78%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.83%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 2.99x
- Recent ROE (1.78%) is below the historical average (10.21%), 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 |
| 2025 | 1.78% | 0.83% | 0.72x | 2.99x | CN¥-146.99 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: $3,094,180,439
- Average return on equity (ROE) among peers: 7.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wetown Electric Group Co Ltd (688226) | CN¥2.16 Billion | 18.86% | 1.74x | $711.60 Million |
| XJ Electric Co Ltd (000400) | $8.12 Billion | 7.55% | 0.88x | $3.76 Billion |
| Guangdong Macro Co Ltd (000533) | $1.03 Billion | 9.12% | 1.88x | $971.46 Million |
| Foshan Electrical and Lighting Co Ltd (000541) | $1.91 Billion | 9.06% | 0.17x | $933.93 Million |
| Dongfang Electronics Co Ltd (000682) | $1.75 Billion | 2.52% | 0.77x | $2.01 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.13 Billion | 7.06% | 3.87x | $603.09 Million |
| Huagong Tech Co Ltd (000988) | $3.26 Billion | 7.06% | 0.72x | $9.31 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $775.82 Million | 9.79% | 0.91x | $1.14 Billion |
| Sieyuan Electric Co Ltd (002028) | $4.51 Billion | 5.52% | 0.51x | $13.04 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $197.13 Million | 2.61% | 0.22x | $426.33 Million |
| Gotion High tech Co Ltd (002074) | $8.26 Billion | 10.15% | 1.07x | $6.61 Billion |
About 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. The company's power distribution equipment low voltage busway, high voltage busway, transformer, medium and low voltage switchboard, and copper and aluminum products; and energy storage products for network source side and residential energy storage. It i… Read more