Wetown Electric Group Co Ltd (688226) - Net Assets

Latest as of March 2026: CN¥1.85 Billion CNY ≈ $270.47 Million USD

Based on the latest financial reports, Wetown Electric Group Co Ltd (688226) has net assets worth CN¥1.85 Billion CNY (≈ $270.47 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¥5.42 Billion ≈ $793.20 Million USD) and total liabilities (CN¥3.57 Billion ≈ $522.74 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 how tangible is Wetown Electric Group Co Ltd's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥1.85 Billion
% of Total Assets	34.1%
Annual Growth Rate	36.53%
5-Year Change	698.84%
10-Year Change	2013.77%
Growth Volatility	84.24

Wetown Electric Group Co Ltd - Net Assets Trend (2014–2025)

This chart illustrates how Wetown Electric Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Wetown Electric Group Co Ltd to measure how many days the company can operate on defensive assets alone.

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 valuation and market cap data, see 688226 stock market capitalisation.

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	--

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.

Current Equity Component Breakdown (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
Magellan Aerospace Corporation TO:MAL	$1.34 Billion
VGI Public Company Limited BK:VGI-R	$1.34 Billion
Malaysia Building Society Bhd KLSE:1171	$1.34 Billion
Atlanticus Holdings Corporation NASDAQ:ATLC	$1.34 Billion
Inox Wind Energy Limited NSE:IWEL	$1.34 Billion
G-III Apparel Group Ltd NASDAQ:GIII	$1.34 Billion
Navigator Holdings Ltd NYSE:NVGS	$1.34 Billion
Jaiprakash Power Ventures Limited NSE:JPPOWER	$1.34 Billion

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: 4.89x
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 20.50x to 4.89x 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¥46.74	x
2015-12-31	CN¥2.69	CN¥46.74	x
2016-12-31	CN¥3.16	CN¥46.74	x
2017-12-31	CN¥4.43	CN¥46.74	x
2018-12-31	CN¥4.30	CN¥46.74	x
2019-12-31	CN¥4.81	CN¥46.74	x
2020-12-31	CN¥5.25	CN¥46.74	x
2021-12-31	CN¥6.36	CN¥46.74	x
2022-12-31	CN¥5.88	CN¥46.74	x
2023-12-31	CN¥6.60	CN¥46.74	x
2024-12-31	CN¥10.71	CN¥46.74	x
2025-12-31	CN¥9.56	CN¥46.74	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: $4,521,607,784
Average return on equity (ROE) among peers: -17.97%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Wetown Electric Group Co Ltd (688226)	CN¥1.85 Billion	18.86%	1.93x	$1.34 Billion
XJ Electric Co Ltd (000400)	$2.06 Billion	5.67%	0.94x	$3.41 Billion
Guangdong Macro Co Ltd (000533)	$259.29 Million	-377.39%	9.44x	$1.05 Billion
Foshan Electrical and Lighting Co Ltd (000541)	$2.81 Billion	9.38%	0.11x	$908.69 Million
Dongfang Electronics Co Ltd (000682)	$78.67 Million	125.00%	0.63x	$2.52 Billion
Shandong Xinneng Taishan Power Generation Co Ltd (000720)	$1.26 Billion	6.39%	3.26x	$742.84 Million
Huagong Tech Co Ltd (000988)	$8.26 Billion	10.96%	1.03x	$26.12 Billion
Hunan Valin Wire & Cable Co Ltd (001208)	$1.38 Billion	9.72%	0.89x	$1.44 Billion
Sieyuan Electric Co Ltd (002028)	$4.51 Billion	5.52%	0.51x	$21.78 Billion
Shanghai Welltech Automation Co Ltd (002058)	$88.12 Million	23.77%	0.92x	$468.31 Million
Gotion High tech Co Ltd (002074)	$24.50 Billion	1.27%	1.96x	$7.89 Billion

About Wetown Electric Group Co Ltd

SHG:688226 China Electrical Equipment & Parts

Market Cap

$1.34 Billion

CN¥9.17 Billion CNY

Market Cap Rank

#7820 Global

#1853 in China

Share Price

CN¥46.74

Change (1 day)

-1.70%

52-Week Range

CN¥26.14 - CN¥65.12

All Time High

CN¥65.12