Tunghsu Azure Renewable Energy Co Ltd (000040) - Net Assets
Based on the latest financial reports, Tunghsu Azure Renewable Energy Co Ltd (000040) has net assets worth CN¥10.96 Billion CNY (≈ $1.60 Billion USD) as of September 2024. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥23.04 Billion ≈ $3.37 Billion USD) and total liabilities (CN¥12.07 Billion ≈ $1.77 Billion 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 Tunghsu Azure Renewable Energy Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥10.96 Billion |
| % of Total Assets | 47.59% |
| Annual Growth Rate | 9.76% |
| 5-Year Change | -17.9% |
| 10-Year Change | 775.05% |
| Growth Volatility | 148.54 |
Tunghsu Azure Renewable Energy Co Ltd - Net Assets Trend (2000–2023)
This chart illustrates how Tunghsu Azure Renewable Energy Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Tunghsu Azure Renewable Energy Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Tunghsu Azure Renewable Energy Co Ltd (2000–2023)
The table below shows the annual net assets of Tunghsu Azure Renewable Energy Co Ltd from 2000 to 2023. For live valuation and market cap data, see Tunghsu Azure Renewable Energy Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2023-12-31 | CN¥11.10 Billion ≈ $1.62 Billion |
-1.43% |
| 2022-12-31 | CN¥11.26 Billion ≈ $1.65 Billion |
-2.77% |
| 2021-12-31 | CN¥11.58 Billion ≈ $1.69 Billion |
-5.03% |
| 2020-12-31 | CN¥12.20 Billion ≈ $1.78 Billion |
-9.80% |
| 2019-12-31 | CN¥13.52 Billion ≈ $1.98 Billion |
-7.21% |
| 2018-12-31 | CN¥14.57 Billion ≈ $2.13 Billion |
+26.05% |
| 2017-12-31 | CN¥11.56 Billion ≈ $1.69 Billion |
+5.43% |
| 2016-12-31 | CN¥10.96 Billion ≈ $1.60 Billion |
+727.11% |
| 2015-12-31 | CN¥1.33 Billion ≈ $193.97 Million |
+4.50% |
| 2014-12-31 | CN¥1.27 Billion ≈ $185.63 Million |
+1.28% |
| 2013-12-31 | CN¥1.25 Billion ≈ $183.28 Million |
+7.53% |
| 2012-12-31 | CN¥1.16 Billion ≈ $170.44 Million |
+18.17% |
| 2011-12-31 | CN¥985.64 Million ≈ $144.23 Million |
+11.56% |
| 2010-12-31 | CN¥883.47 Million ≈ $129.28 Million |
-15.44% |
| 2009-12-31 | CN¥1.04 Billion ≈ $152.88 Million |
+6.29% |
| 2008-12-31 | CN¥982.92 Million ≈ $143.83 Million |
-12.01% |
| 2007-12-31 | CN¥1.12 Billion ≈ $163.47 Million |
+12.72% |
| 2006-12-31 | CN¥991.06 Million ≈ $145.02 Million |
+3.24% |
| 2005-12-31 | CN¥960.00 Million ≈ $140.48 Million |
+9.08% |
| 2004-12-31 | CN¥880.06 Million ≈ $128.78 Million |
+1.40% |
| 2003-12-31 | CN¥867.90 Million ≈ $127.00 Million |
+3.21% |
| 2002-12-31 | CN¥840.93 Million ≈ $123.05 Million |
-22.29% |
| 2001-12-31 | CN¥1.08 Billion ≈ $158.35 Million |
-16.95% |
| 2000-12-31 | CN¥1.30 Billion ≈ $190.68 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Tunghsu Azure Renewable Energy 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 decreased by 2228.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2023)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥12.38 Billion | 111.56% |
| Total Equity | CN¥11.10 Billion | 100.00% |
Tunghsu Azure Renewable Energy Co Ltd Competitors by Market Cap
The table below lists competitors of Tunghsu Azure Renewable Energy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Seah Spe Steel
KO:019440
|
$106.71 Million |
|
Pioneer Diversified High IT
NYSE MKT:HNW
|
$106.73 Million |
|
UVAT Technology Co Ltd
TWO:3580
|
$106.75 Million |
|
Beta Systems Software AG
F:SPT6
|
$106.76 Million |
|
Geopacific Resources Ltd
AU:GPR
|
$106.61 Million |
|
WW International, Inc. Common Stock
NASDAQ:WW
|
$106.56 Million |
|
GKW Limited
NSE:GKWLIMITED
|
$106.54 Million |
|
Da Ming International Holdings Limited
F:DM7
|
$106.54 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Tunghsu Azure Renewable Energy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2022 to 2023, total equity changed from 11,264,291,286 to 11,099,605,139, a change of -164,686,147 (-1.5%).
- Net loss of 175,925,311 reduced equity.
- Dividend payments of 71,287,209 reduced retained earnings.
Equity Change Factors (2022 to 2023)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-175.93 Million | -1.58% |
| Dividends Paid | CN¥71.29 Million | -0.64% |
| Other Changes | CN¥82.53 Million | +0.74% |
| Total Change | CN¥- | -1.46% |
Book Value vs Market Value Analysis
This analysis compares Tunghsu Azure Renewable Energy 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: 0.07x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥8.59 | CN¥0.49 | x |
| 2018-12-31 | CN¥9.75 | CN¥0.49 | x |
| 2019-12-31 | CN¥9.02 | CN¥0.49 | x |
| 2020-12-31 | CN¥8.19 | CN¥0.49 | x |
| 2021-12-31 | CN¥7.79 | CN¥0.49 | x |
| 2022-12-31 | CN¥7.58 | CN¥0.49 | x |
| 2023-12-31 | CN¥7.47 | CN¥0.49 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Tunghsu Azure Renewable Energy 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): -1.58%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -11.81%
- • Asset Turnover: 0.06x
- • Equity Multiplier: 2.14x
- Recent ROE (-1.58%) is below the historical average (3.44%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 0.97% | 3.12% | 0.16x | 1.96x | CN¥-109.19 Million |
| 2003 | 2.21% | 2.47% | 0.30x | 3.03x | CN¥-63.91 Million |
| 2004 | 3.29% | 3.29% | 0.42x | 2.39x | CN¥-56.92 Million |
| 2005 | 1.80% | 2.99% | 0.24x | 2.49x | CN¥-70.86 Million |
| 2006 | 1.39% | 2.13% | 0.25x | 2.61x | CN¥-75.47 Million |
| 2007 | 7.72% | 14.43% | 0.24x | 2.24x | CN¥-22.70 Million |
| 2009 | 6.98% | 9.32% | 0.24x | 3.10x | CN¥-28.13 Million |
| 2010 | 11.25% | 12.43% | 0.34x | 2.66x | CN¥10.75 Million |
| 2011 | 14.07% | 17.14% | 0.43x | 1.90x | CN¥40.50 Million |
| 2012 | 16.51% | 22.53% | 0.30x | 2.44x | CN¥76.45 Million |
| 2013 | 8.16% | 12.64% | 0.21x | 3.14x | CN¥-23.23 Million |
| 2014 | 4.19% | 5.19% | 0.24x | 3.37x | CN¥-73.71 Million |
| 2015 | 4.68% | 3.73% | 0.25x | 5.11x | CN¥-70.53 Million |
| 2016 | 1.60% | 4.65% | 0.22x | 1.58x | CN¥-921.01 Million |
| 2017 | 4.74% | 6.69% | 0.28x | 2.52x | CN¥-604.50 Million |
| 2018 | 7.71% | 12.88% | 0.25x | 2.37x | CN¥-332.31 Million |
| 2019 | -7.13% | -14.06% | 0.22x | 2.31x | CN¥-2.30 Billion |
| 2020 | -8.39% | -29.41% | 0.13x | 2.15x | CN¥-2.24 Billion |
| 2021 | -5.10% | -15.23% | 0.15x | 2.26x | CN¥-1.75 Billion |
| 2022 | -2.75% | -10.19% | 0.12x | 2.26x | CN¥-1.44 Billion |
| 2023 | -1.58% | -11.81% | 0.06x | 2.14x | CN¥-1.29 Billion |
Industry Comparison
This section compares Tunghsu Azure Renewable Energy Co Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $4,196,341,154
- Average return on equity (ROE) among peers: 6.58%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Tunghsu Azure Renewable Energy Co Ltd (000040) | CN¥10.96 Billion | 0.97% | 1.10x | $106.61 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $15.36 Billion | 14.40% | 3.87x | $2.99 Billion |
| Guangdong Electric Power Development Co Ltd (000539) | $10.01 Billion | 9.47% | 0.33x | $4.25 Billion |
| CECEP Solar Energy Co Ltd (000591) | $320.04 Million | 6.43% | 3.07x | $2.87 Billion |
| GEPIC Energy Development Co Ltd (000791) | $8.09 Billion | 3.22% | 1.20x | $3.83 Billion |
| Tieling Newcity Investment Holding Ltd (000809) | $153.66 Million | 7.10% | 0.59x | $455.01 Million |
| Hubei Energy Group Co Ltd (000883) | $669.01 Million | 9.55% | 0.53x | $4.61 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.33 Billion | 2.43% | 0.58x | $820.24 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $148.08 Million | 3.32% | 6.54x | $1.16 Billion |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $1.69 Billion | 3.28% | 0.64x | $1.34 Billion |
About Tunghsu Azure Renewable Energy Co Ltd
Tunghsu Azure Renewable Energy Co.,Ltd. engages in new energy business in China and internationally. It operates solar photovoltaic and wind power plants; and provides smart energy services, as well as offers ecological management, water environment restoration and operation, soil restoration, and other businesses. The company was formerly known as Baoan Hongji Real Estate Group Co., Ltd. and cha… Read more