Ming Yang Smart Energy Group Ltd
Ming Yang Smart Energy Group Limited engages in the research and development, design, manufacture, sale, maintenance, and operation of energy equipment, wind turbines, and core components in China. It offers onshore and offshore wind turbines; manufactures fan blades; offshore wind power technology; sells platform; wind power equipment; wind power project investment; photovoltaic product; energy … Read more
Ming Yang Smart Energy Group Ltd (601615) - Total Assets
Latest total assets as of September 2025: CN¥91.33 Billion CNY
Based on the latest financial reports, Ming Yang Smart Energy Group Ltd (601615) holds total assets worth CN¥91.33 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.
Ming Yang Smart Energy Group Ltd - Total Assets Trend (2007–2024)
This chart illustrates how Ming Yang Smart Energy Group Ltd’s total assets have evolved over time, based on quarterly financial data. Explore and compare other companies by total assets.
Ming Yang Smart Energy Group Ltd - Asset Composition Analysis
Current Asset Composition (December 2024)
Ming Yang Smart Energy Group Ltd's total assets of CN¥91.33 Billion consist of 57.8% current assets and 42.3% non-current assets.
| Asset Category | Amount (CNY) | % of Total Assets |
|---|---|---|
| Cash & Equivalents | CN¥0.00 | 16.8% |
| Accounts Receivable | CN¥16.64 Billion | 19.2% |
| Inventory | CN¥13.54 Billion | 15.6% |
| Property, Plant & Equipment | CN¥0.00 | 0.0% |
| Intangible Assets | CN¥2.71 Billion | 3.1% |
| Goodwill | CN¥68.57 Million | 0.1% |
Asset Composition Trend (2007–2024)
This chart illustrates how Ming Yang Smart Energy Group 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: Ming Yang Smart Energy Group Ltd's current assets represent 57.8% of total assets in 2024, a decrease from 98.6% in 2007.
- Cash Position: Cash and equivalents constituted 16.8% of total assets in 2024, down from 53.1% in 2007.
- Tangible vs. Intangible: Intangible assets (including goodwill) make up 3.0% of total assets, an increase from 0.0% in 2007.
- Asset Diversification: The largest asset category is accounts receivable at 19.2% of total assets.
Ming Yang Smart Energy Group Ltd Competitors by Total Assets
Key competitors of Ming Yang Smart Energy Group Ltd based on total assets are shown below.
| Company | Country | Total Assets |
|---|---|---|
|
Hanil Vacuum Co. Ltd
KQ:123840
|
Korea | ₩115.98 Billion |
|
Ivisionworks Co.,Ltd.
KQ:469750
|
Korea | ₩50.10 Billion |
|
Huayi Compressor Co Ltd
SHE:000404
|
China | CN¥15.16 Billion |
|
Shenyang Machine Tool Co Ltd
SHE:000410
|
China | CN¥9.63 Billion |
|
North Industries Group Red Arrow Co Ltd
SHE:000519
|
China | CN¥17.38 Billion |
|
Changchai Co Ltd
SHE:000570
|
China | CN¥5.30 Billion |
|
Jiangsu Youli Investment Holding Co Ltd
SHE:000584
|
China | CN¥3.49 Billion |
|
Baota Industry Co Ltd
SHE:000595
|
China | CN¥9.54 Billion |
Ming Yang Smart Energy Group 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
Lower asset utilization - Ming Yang Smart Energy Group Ltd generates 0.31x 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, Ming Yang Smart Energy Group Ltd generates $ 0.40 in net profit.
Ming Yang Smart Energy Group 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 | 1.17 | 1.31 | 1.22 |
| Quick Ratio | 0.76 | 1.00 | 0.91 |
| Cash Ratio | 0.00 | 0.00 | 0.00 |
| Working Capital | CN¥7.49 Billion | CN¥ 10.90 Billion | CN¥ 6.08 Billion |
Ming Yang Smart Energy Group Ltd - Advanced Valuation Insights
This section examines the relationship between Ming Yang Smart Energy Group 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 | 1.92 |
| Latest Market Cap to Assets Ratio | 0.06 |
| Asset Growth Rate (YoY) | 3.5% |
| Total Assets | CN¥86.79 Billion |
| Market Capitalization | $5.28 Billion USD |
Valuation Analysis
Below Book Valuation: The market values Ming Yang Smart Energy Group Ltd's assets below their book value (0.06 x), which may indicate investor concerns about asset quality or future growth.
Positive Asset Growth: Ming Yang Smart Energy Group Ltd's assets grew by 3.5% over the past year, showing continued investment in the company's operational capacity.
Annual Total Assets for Ming Yang Smart Energy Group Ltd (2007–2024)
The table below shows the annual total assets of Ming Yang Smart Energy Group Ltd from 2007 to 2024.
| Year | Total Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥86.79 Billion | +3.50% |
| 2023-12-31 | CN¥83.86 Billion | +21.64% |
| 2022-12-31 | CN¥68.94 Billion | +12.11% |
| 2021-12-31 | CN¥61.49 Billion | +19.11% |
| 2020-12-31 | CN¥51.63 Billion | +48.80% |
| 2019-12-31 | CN¥34.70 Billion | +55.36% |
| 2018-12-31 | CN¥22.33 Billion | +16.78% |
| 2017-12-31 | CN¥19.12 Billion | +5.52% |
| 2016-12-31 | CN¥18.12 Billion | +19.96% |
| 2015-12-31 | CN¥15.11 Billion | +18.91% |
| 2014-12-31 | CN¥12.71 Billion | +21.06% |
| 2013-12-31 | CN¥10.50 Billion | -2.81% |
| 2012-12-31 | CN¥10.80 Billion | +10.38% |
| 2011-12-31 | CN¥9.78 Billion | +33.43% |
| 2010-12-31 | CN¥7.33 Billion | +102.26% |
| 2009-12-31 | CN¥3.63 Billion | +238.83% |
| 2008-12-31 | CN¥1.07 Billion | +324.98% |
| 2007-12-31 | CN¥251.75 Million | -- |