JinGuan Electric Co Ltd (688517) - Net Assets
Based on the latest financial reports, JinGuan Electric Co Ltd (688517) has net assets worth CN¥799.98 Million CNY (≈ $117.06 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.34 Billion ≈ $195.38 Million USD) and total liabilities (CN¥535.23 Million ≈ $78.32 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 financial resilience of JinGuan Electric Co Ltd to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥799.98 Million |
| % of Total Assets | 59.91% |
| Annual Growth Rate | 18.78% |
| 5-Year Change | 82.05% |
| 10-Year Change | N/A |
| Growth Volatility | 18.2 |
JinGuan Electric Co Ltd - Net Assets Trend (2017–2024)
This chart illustrates how JinGuan Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore 688517 total assets for the complete picture of this company's asset base.
Annual Net Assets for JinGuan Electric Co Ltd (2017–2024)
The table below shows the annual net assets of JinGuan Electric Co Ltd from 2017 to 2024. For live valuation and market cap data, see 688517 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥814.87 Million ≈ $119.24 Million |
+1.74% |
| 2023-12-31 | CN¥800.90 Million ≈ $117.20 Million |
+8.62% |
| 2022-12-31 | CN¥737.37 Million ≈ $107.90 Million |
+3.48% |
| 2021-12-31 | CN¥712.55 Million ≈ $104.27 Million |
+59.19% |
| 2020-12-31 | CN¥447.61 Million ≈ $65.50 Million |
+19.82% |
| 2019-12-31 | CN¥373.58 Million ≈ $54.67 Million |
+26.76% |
| 2018-12-31 | CN¥294.73 Million ≈ $43.13 Million |
+20.66% |
| 2017-12-31 | CN¥244.27 Million ≈ $35.74 Million |
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Equity Component Analysis
This analysis shows how different components contribute to JinGuan Electric 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 404.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥296.93 Million | 36.44% |
| Common Stock | CN¥136.61 Million | 16.76% |
| Other Comprehensive Income | CN¥58.45 Million | 7.17% |
| Other Components | CN¥322.88 Million | 39.62% |
| Total Equity | CN¥814.87 Million | 100.00% |
JinGuan Electric Co Ltd Competitors by Market Cap
The table below lists competitors of JinGuan Electric Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Guangdong Kitech New Material Holding Co.Ltd.
SHE:300995
|
$438.35 Million |
|
Medistim ASA
OL:MEDI
|
$438.41 Million |
|
Suzhou Kelida Bldg &
SHG:603828
|
$438.65 Million |
|
First Business Financial Services
NASDAQ:FBIZ
|
$438.75 Million |
|
OPTHEA LTD
F:UKJ
|
$437.75 Million |
|
Blue Label Telecoms Ltd
JSE:BLU
|
$437.72 Million |
|
ACLARA RESOURCES INC.
F:JD1
|
$437.64 Million |
|
TARC Limited
NSE:TARC
|
$437.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in JinGuan Electric Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 800,899,489 to 814,873,932, a change of 13,974,443 (1.7%).
- Net income of 91,120,320 contributed positively to equity growth.
- Dividend payments of 69,088,887 reduced retained earnings.
- Share repurchases of 20,035,112 reduced equity.
- Other comprehensive income increased equity by 58,449,989.
- Other factors decreased equity by 46,471,867.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥91.12 Million | +11.18% |
| Dividends Paid | CN¥69.09 Million | -8.48% |
| Share Repurchases | CN¥20.04 Million | -2.46% |
| Other Comprehensive Income | CN¥58.45 Million | +7.17% |
| Other Changes | CN¥-46.47 Million | -5.7% |
| Total Change | CN¥- | 1.74% |
Book Value vs Market Value Analysis
This analysis compares JinGuan Electric 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: 3.66x
- 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 8.81x to 3.66x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.49 | CN¥21.92 | x |
| 2018-12-31 | CN¥3.00 | CN¥21.92 | x |
| 2019-12-31 | CN¥3.83 | CN¥21.92 | x |
| 2020-12-31 | CN¥5.04 | CN¥21.92 | x |
| 2021-12-31 | CN¥5.24 | CN¥21.92 | x |
| 2022-12-31 | CN¥5.33 | CN¥21.92 | x |
| 2023-12-31 | CN¥5.85 | CN¥21.92 | x |
| 2024-12-31 | CN¥5.99 | CN¥21.92 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently JinGuan Electric 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): 11.18%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.85%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 1.57x
- Recent ROE (11.18%) is below the historical average (15.16%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2017 | 30.25% | 14.50% | 0.64x | 3.26x | CN¥49.47 Million |
| 2018 | 15.65% | 9.03% | 0.61x | 2.86x | CN¥16.65 Million |
| 2019 | 17.17% | 12.68% | 0.63x | 2.16x | CN¥26.79 Million |
| 2020 | 16.54% | 14.02% | 0.62x | 1.91x | CN¥29.27 Million |
| 2021 | 9.70% | 13.00% | 0.50x | 1.48x | CN¥-2.11 Million |
| 2022 | 10.69% | 13.00% | 0.50x | 1.64x | CN¥5.09 Million |
| 2023 | 10.09% | 14.15% | 0.45x | 1.59x | CN¥735.32K |
| 2024 | 11.18% | 13.85% | 0.51x | 1.57x | CN¥9.63 Million |
Industry Comparison
This section compares JinGuan Electric 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: $2,542,980,118
- Average return on equity (ROE) among peers: 6.57%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JinGuan Electric Co Ltd (688517) | CN¥799.98 Million | 30.25% | 0.67x | $438.20 Million |
| XJ Electric Co Ltd (000400) | $1.49 Billion | 11.47% | 0.73x | $3.86 Billion |
| Guangdong Macro Co Ltd (000533) | $598.74 Million | 0.58% | 4.38x | $1.35 Billion |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.84 Billion | 10.28% | 0.11x | $1.03 Billion |
| Dongfang Electronics Co Ltd (000682) | $1.27 Billion | 0.84% | 0.19x | $2.58 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $1.05 Billion | -0.83% | 4.35x | $864.19 Million |
| Huagong Tech Co Ltd (000988) | $7.43 Billion | 10.24% | 0.87x | $18.42 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $1.48 Billion | 7.41% | 1.41x | $1.82 Billion |
| Sieyuan Electric Co Ltd (002028) | $8.60 Billion | 13.93% | 0.62x | $23.55 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $175.70 Million | 4.41% | 0.38x | $525.19 Million |
| Gotion High tech Co Ltd (002074) | $497.13 Million | 7.34% | 0.88x | $10.24 Billion |
About JinGuan Electric Co Ltd
Jinguan Electric Co., Ltd. engages in the research and development, and manufacture of lightning arresters in China. Its products primarily include metal oxide arresters, pole-mounted switches, transformers, intelligent high-voltage switchgears, primary and secondary fusion ring network cabinets, and primary and secondary fusion column switches, etc. The company provides its products for the cons… Read more