China Southern Power Grid Technology Co Ltd (688248) - Net Assets
Based on the latest financial reports, China Southern Power Grid Technology Co Ltd (688248) has net assets worth CN¥3.36 Billion CNY (≈ $491.01 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¥4.81 Billion ≈ $703.45 Million USD) and total liabilities (CN¥1.45 Billion ≈ $212.44 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 China Southern Power Grid Technology Co tangible equity quality to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.36 Billion |
| % of Total Assets | 69.8% |
| Annual Growth Rate | 57.4% |
| 5-Year Change | 35.91% |
| 10-Year Change | N/A |
| Growth Volatility | 94.49 |
China Southern Power Grid Technology Co Ltd - Net Assets Trend (2018–2025)
This chart illustrates how China Southern Power Grid Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. See operational self-sufficiency of China Southern Power Grid Technology Co to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China Southern Power Grid Technology Co Ltd (2018–2025)
The table below shows the annual net assets of China Southern Power Grid Technology Co Ltd from 2018 to 2025. For live valuation and market cap data, see how much is China Southern Power Grid Technology Co worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.30 Billion ≈ $483.59 Million |
+9.23% |
| 2024-12-31 | CN¥3.03 Billion ≈ $442.72 Million |
+7.25% |
| 2023-12-31 | CN¥2.82 Billion ≈ $412.79 Million |
+8.95% |
| 2022-12-31 | CN¥2.59 Billion ≈ $378.89 Million |
+6.49% |
| 2021-12-31 | CN¥2.43 Billion ≈ $355.81 Million |
+79.11% |
| 2020-12-31 | CN¥1.36 Billion ≈ $198.66 Million |
+170.81% |
| 2019-12-31 | CN¥501.30 Million ≈ $73.36 Million |
+263.13% |
| 2018-12-31 | CN¥138.05 Million ≈ $20.20 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Southern Power Grid Technology 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 3305.5% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥848.94 Million | 26.04% |
| Other Components | CN¥2.41 Billion | 73.96% |
| Total Equity | CN¥3.26 Billion | 100.00% |
China Southern Power Grid Technology Co Ltd Competitors by Market Cap
The table below lists competitors of China Southern Power Grid Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Olympic Circuit Technology Co Ltd
SHG:603920
|
$5.40 Billion |
|
Jl Mag Rare-Earth Co Ltd Class A
SHE:300748
|
$5.41 Billion |
|
GREEK O.FOOTB. ADR 1/2
F:GF8A
|
$5.41 Billion |
|
China Coal Energy Company Limited
F:CVV
|
$5.41 Billion |
|
Gecina SA
PA:GFC
|
$5.40 Billion |
|
Installed Building Products Inc
NYSE:IBP
|
$5.39 Billion |
|
Morningstar Inc
NASDAQ:MORN
|
$5.39 Billion |
|
Cochlear Ltd
AU:COH
|
$5.39 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Southern Power Grid Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,988,346,803 to 3,260,265,391, a change of 271,918,588 (9.1%).
- Net income of 421,354,200 contributed positively to equity growth.
- Dividend payments of 149,645,500 reduced retained earnings.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥421.35 Million | +12.92% |
| Dividends Paid | CN¥149.65 Million | -4.59% |
| Other Changes | CN¥209.89K | +0.01% |
| Total Change | CN¥- | 9.10% |
Book Value vs Market Value Analysis
This analysis compares China Southern Power Grid Technology 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: 11.25x
- 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 158.46x to 11.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2018-12-31 | CN¥0.41 | CN¥65.31 | x |
| 2019-12-31 | CN¥0.89 | CN¥65.31 | x |
| 2020-12-31 | CN¥4.05 | CN¥65.31 | x |
| 2021-12-31 | CN¥5.10 | CN¥65.31 | x |
| 2022-12-31 | CN¥4.53 | CN¥65.31 | x |
| 2023-12-31 | CN¥4.97 | CN¥65.31 | x |
| 2024-12-31 | CN¥5.32 | CN¥65.31 | x |
| 2025-12-31 | CN¥5.80 | CN¥65.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Southern Power Grid Technology 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): 12.92%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.42%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.57x
- Recent ROE (12.92%) is above the historical average (9.24%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2018 | 9.81% | 4.45% | 0.77x | 2.84x | CN¥-255.41K |
| 2019 | 8.68% | 7.47% | 0.66x | 1.75x | CN¥-6.64 Million |
| 2020 | 6.41% | 7.81% | 0.56x | 1.45x | CN¥-48.67 Million |
| 2021 | 5.88% | 10.33% | 0.44x | 1.30x | CN¥-100.11 Million |
| 2022 | 7.95% | 11.50% | 0.48x | 1.43x | CN¥-53.18 Million |
| 2023 | 10.05% | 11.09% | 0.55x | 1.65x | CN¥1.43 Million |
| 2024 | 12.22% | 12.11% | 0.64x | 1.58x | CN¥66.21 Million |
| 2025 | 12.92% | 11.42% | 0.72x | 1.57x | CN¥95.33 Million |
Industry Comparison
This section compares China Southern Power Grid Technology 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: $2,179,616,047
- Average return on equity (ROE) among peers: 6.98%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Southern Power Grid Technology Co Ltd (688248) | CN¥3.36 Billion | 9.81% | 0.43x | $5.40 Billion |
| XJ Electric Co Ltd (000400) | $2.76 Billion | 5.32% | 1.09x | $3.28 Billion |
| Guangdong Macro Co Ltd (000533) | $918.45 Million | 7.01% | 1.90x | $1.01 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $236.13 Million | 20.43% | 0.71x | $906.89 Million |
| Dongfang Electronics Co Ltd (000682) | $92.56 Million | 24.70% | 0.81x | $2.59 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $854.78 Million | -20.70% | 5.71x | $706.06 Million |
| Huagong Tech Co Ltd (000988) | $3.26 Billion | 7.06% | 0.72x | $25.54 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $434.81 Million | 6.61% | 1.31x | $1.33 Billion |
| Sieyuan Electric Co Ltd (002028) | $4.51 Billion | 5.52% | 0.51x | $21.58 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $186.07 Million | 7.07% | 0.22x | $420.45 Million |
| Gotion High tech Co Ltd (002074) | $8.55 Billion | 6.79% | 1.41x | $7.61 Billion |
About China Southern Power Grid Technology Co Ltd
China Southern Power Grid Technology Co.,Ltd. provides technical services and intelligent equipment products in China. The company offers energy storage system technical services; intelligent power distribution equipment; and testing, inspection, and commissioning services, as well as testing and debugging services. It also provides smart devices, robots, and drones. The company was founded in 19… Read more