Shanghai Morn Electric Equipment Co Ltd
Shanghai Morn Electric Equipment Co., Ltd. designs, produces, and sells cables under the Morn brand in China. The company operates through Electric Cable Sector; and Special Financial segments. It offers power and electrical equipment cables, such as aluminum alloy, mineral insulated flexible fire-proof, LV and MV fire-resistant power, ceramic high-temperature fire-resistant, metal flexible pipe … Read more
Shanghai Morn Electric Equipment Co Ltd (002451) - Total Assets
Latest total assets as of September 2025: CN¥2.06 Billion CNY
Based on the latest financial reports, Shanghai Morn Electric Equipment Co Ltd (002451) holds total assets worth CN¥2.06 Billion CNY as of September 2025.
Total assets represent everything the company owns and controls, combining both current assets—like cash and cash equivalents, accounts receivable, and inventories—and non-current assets such as property, plant, equipment (PP&E), intangible assets, and long-term investments.
Shanghai Morn Electric Equipment Co Ltd - Total Assets Trend (2007–2024)
This chart illustrates how Shanghai Morn Electric Equipment Co Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Shanghai Morn Electric Equipment Co Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Shanghai Morn Electric Equipment Co Ltd's total assets of CN¥2.06 Billion consist of 62.5% current assets and 37.5% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 7.5% |
| Accounts Receivable | CN¥655.22 Million | 37.8% |
| Inventory | CN¥166.01 Million | 9.6% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥34.22 Million | 2.0% |
| Goodwill | CN¥0.00 | 0.0% |
Asset Composition Trend (2007–2024)
This chart illustrates how Shanghai Morn Electric Equipment Co Ltd's asset composition has evolved over time. Understanding changes in asset allocation can provide insights into the company's strategic shifts, capital allocation priorities, and business focus evolution.
Key Asset Composition Facts
- Current vs. Non-Current Assets: Shanghai Morn Electric Equipment Co Ltd's current assets represent 62.5% of total assets in 2024, a decrease from 63.7% in 2007.
- Cash Position: Cash and equivalents constituted 7.5% of total assets in 2024, down from 16.5% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 1.0% of total assets, a decrease from 5.0% in 2007.
- Asset Diversification: The largest asset category is accounts receivable at 37.8% of total assets.
Shanghai Morn Electric Equipment Co Ltd Competitors by Total Assets
Key competitors of Shanghai Morn Electric Equipment Co Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
YM Tech Co. Ltd.
KQ:273640
|
Korea | ₩61.47 Billion |
|
T-Conn Precision Corporation
TWO:6833
|
Taiwan | NT$1.20 Billion |
|
Supercomnet Technologies Bhd
KLSE:0001
|
Malaysia | RM454.76 Million |
|
XJ Electric Co Ltd
SHE:000400
|
China | CN¥26.30 Billion |
|
Guangdong Macro Co Ltd
SHE:000533
|
China | CN¥2.88 Billion |
|
Shandong Sacred Sun Power Sources Co Ltd
SHE:002580
|
China | CN¥4.04 Billion |
|
Shandong Xinneng Taishan Power Generation Co Ltd
SHE:000720
|
China | CN¥5.21 Billion |
|
Huagong Tech Co Ltd
SHE:000988
|
China | CN¥21.08 Billion |
Shanghai Morn Electric Equipment Co Ltd - Asset Efficiency Metrics
Asset efficiency metrics measure how effectively a company uses its assets to generate revenue and profits. These indicators help investors evaluate management's ability to deploy capital efficiently.
Asset Turnover Ratio
Measures how efficiently a company uses its assets to generate sales
Strong asset utilization - Shanghai Morn Electric Equipment Co Ltd generates 0.77x its asset value in annual revenue.
Return on Assets (ROA)
Measures how efficiently a company uses its assets to generate profits
Moderate ROA - For every $100 in assets, Shanghai Morn Electric Equipment Co Ltd generates $ 1.03 in net profit.
Shanghai Morn Electric Equipment Co Ltd - Liquidity and Working Capital Analysis
Liquidity ratios measure a company's ability to pay off its short-term debts as they come due, using the company's current or quick assets. Working capital represents the operational liquidity available.
Key Liquidity Metrics
| Metric | Current | 1 Year Ago | 5 Years Ago |
|---|---|---|---|
| Current Ratio | 1.37 | 1.38 | 1.29 |
| Quick Ratio | 1.19 | 1.15 | 1.12 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥379.22 Million | CN¥ 303.00 Million | CN¥ 138.27 Million |
Shanghai Morn Electric Equipment Co Ltd - Advanced Valuation Insights
This section examines the relationship between Shanghai Morn Electric Equipment Co Ltd's asset base and its market valuation, helping to identify whether the company's assets are efficiently translated into market value.
Key Valuation Metrics
| Current Price-to-Book Ratio | 5.74 |
| Latest Market Cap to Assets Ratio | 0.21 |
| Asset Growth Rate (YoY) | 5.0% |
| Total Assets | CN¥1.74 Billion |
| Market Capitalization | $356.17 Million USD |
Valuation Analysis
Below Book Valuation: The market values Shanghai Morn Electric Equipment Co Ltd's assets below their book value (0.21 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Shanghai Morn Electric Equipment Co Ltd's assets grew by 5.0% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Shanghai Morn Electric Equipment Co Ltd (2007–2024)
The table below shows the annual total assets of Shanghai Morn Electric Equipment Co Ltd from 2007 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.74 Billion | +5.04% |
| 2023-12-31 | CN¥1.65 Billion | +0.46% |
| 2022-12-31 | CN¥1.64 Billion | +16.61% |
| 2021-12-31 | CN¥1.41 Billion | +14.89% |
| 2020-12-31 | CN¥1.23 Billion | +1.84% |
| 2019-12-31 | CN¥1.21 Billion | -24.38% |
| 2018-12-31 | CN¥1.59 Billion | -2.29% |
| 2017-12-31 | CN¥1.63 Billion | -7.99% |
| 2016-12-31 | CN¥1.77 Billion | -2.55% |
| 2015-12-31 | CN¥1.82 Billion | +15.11% |
| 2014-12-31 | CN¥1.58 Billion | +28.63% |
| 2013-12-31 | CN¥1.23 Billion | +16.39% |
| 2012-12-31 | CN¥1.06 Billion | +13.90% |
| 2011-12-31 | CN¥926.71 Million | +16.01% |
| 2010-12-31 | CN¥798.80 Million | +97.72% |
| 2009-12-31 | CN¥404.01 Million | +10.19% |
| 2008-12-31 | CN¥366.63 Million | +32.73% |
| 2007-12-31 | CN¥276.23 Million | -- |