JinGuan Electric Co Ltd (688517) - Net Assets
Based on the latest financial reports, JinGuan Electric Co Ltd (688517) has net assets worth CN¥747.00 Million CNY (≈ $109.31 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¥1.26 Billion ≈ $184.21 Million USD) and total liabilities (CN¥511.86 Million ≈ $74.90 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. See JinGuan Electric Co Ltd net asset quality index to measure how much of total assets are equity-financed.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥747.00 Million |
| % of Total Assets | 59.34% |
| Annual Growth Rate | 16.33% |
| 5-Year Change | 14.99% |
| 10-Year Change | N/A |
| Growth Volatility | 18.2 |
JinGuan Electric Co Ltd - Net Assets Trend (2017–2025)
This chart illustrates how JinGuan Electric Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore JinGuan Electric Co Ltd (688517) equity growth momentum to track the company's year-over-year net asset growth rate.
Annual Net Assets for JinGuan Electric Co Ltd (2017–2025)
The table below shows the annual net assets of JinGuan Electric Co Ltd from 2017 to 2025. For live market cap and overall valuation, see how much is JinGuan Electric Co Ltd worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥819.35 Million ≈ $119.90 Million |
+0.55% |
| 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 401.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥294.97 Million | 36.00% |
| Other Components | CN¥524.38 Million | 64.00% |
| Total Equity | CN¥819.35 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 |
|---|---|
|
Paslin Digital Technology Co Ltd
SHG:600215
|
$381.08 Million |
|
mF International Limited Ordinary Shares
NASDAQ:MFI
|
$381.08 Million |
|
Lumina Gold Corp
V:LUM
|
$381.31 Million |
|
PetroChina Jinhong Energy Investment Co Ltd
SHE:000669
|
$381.33 Million |
|
Anhui ANLI Artificial Leather
SHE:300218
|
$381.02 Million |
|
Fujian Longzhou Transportation Co Ltd
SHE:002682
|
$381.01 Million |
|
Xiamen R&T Plumbing Technology Co Ltd
SHE:002790
|
$380.95 Million |
|
Qtone Education Group Guangdong Ltd
SHE:300359
|
$380.90 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 2024 to 2025, total equity changed from 814,873,932 to 819,351,823, a change of 4,477,891 (0.5%).
- Net income of 81,217,969 contributed positively to equity growth.
- Dividend payments of 76,822,433 reduced retained earnings.
- Other comprehensive income decreased equity by 58,449,989.
- Other factors increased equity by 58,532,344.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥81.22 Million | +9.91% |
| Dividends Paid | CN¥76.82 Million | -9.38% |
| Other Comprehensive Income | CN¥-58.45 Million | -7.13% |
| Other Changes | CN¥58.53 Million | +7.14% |
| Total Change | CN¥- | 0.55% |
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: 3.20x
- 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 7.66x to 3.20x 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¥19.06 | x |
| 2018-12-31 | CN¥2.98 | CN¥19.06 | x |
| 2019-12-31 | CN¥3.77 | CN¥19.06 | x |
| 2020-12-31 | CN¥4.41 | CN¥19.06 | x |
| 2021-12-31 | CN¥5.98 | CN¥19.06 | x |
| 2022-12-31 | CN¥5.33 | CN¥19.06 | x |
| 2023-12-31 | CN¥5.85 | CN¥19.06 | x |
| 2024-12-31 | CN¥5.99 | CN¥19.06 | x |
| 2025-12-31 | CN¥5.95 | CN¥19.06 | 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): 9.91%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.12%
- • Asset Turnover: 0.54x
- • Equity Multiplier: 1.65x
- Recent ROE (9.91%) is below the historical average (14.58%), 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% | 14.22% | 0.45x | 1.59x | CN¥735.33K |
| 2024 | 11.18% | 13.92% | 0.51x | 1.57x | CN¥9.63 Million |
| 2025 | 9.91% | 11.12% | 0.54x | 1.65x | CN¥-717.21K |
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: $4,857,567,943
- Average return on equity (ROE) among peers: 8.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| JinGuan Electric Co Ltd (688517) | CN¥747.00 Million | 30.25% | 0.69x | $381.02 Million |
| XJ Electric Co Ltd (000400) | $2.20 Billion | 5.89% | 1.14x | $3.26 Billion |
| Guangdong Macro Co Ltd (000533) | $1.50 Billion | 9.20% | 1.19x | $940.12 Million |
| Foshan Electrical and Lighting Co Ltd (000541) | $2.33 Billion | 9.42% | 0.10x | $919.51 Million |
| Dongfang Electronics Co Ltd (000682) | $1.25 Billion | 0.81% | 0.15x | $1.96 Billion |
| Shandong Xinneng Taishan Power Generation Co Ltd (000720) | $2.60 Billion | 18.68% | 0.78x | $617.80 Million |
| Huagong Tech Co Ltd (000988) | $2.55 Billion | 8.27% | 0.44x | $11.22 Billion |
| Hunan Valin Wire & Cable Co Ltd (001208) | $2.96 Billion | 3.73% | 1.19x | $1.12 Billion |
| Sieyuan Electric Co Ltd (002028) | $3.09 Billion | 17.92% | 0.33x | $13.35 Billion |
| Shanghai Welltech Automation Co Ltd (002058) | $197.13 Million | 2.61% | 0.22x | $498.33 Million |
| Gotion High tech Co Ltd (002074) | $29.90 Billion | 4.04% | 2.61x | $7.48 Billion |
About JinGuan Electric Co Ltd
JinGuan Electric Co., Ltd. engages in the research and development, manufacture, and sale of power transmission, distribution, and control equipment in China. The company offers lightning arresters, smart distribution network equipment, energy storage systems, and charging piles in China. It also provides metal oxide surge arresters, pole-mounted switches, transformers, intelligent high-voltage s… Read more