CECEP Solar Energy Co Ltd
CECEP Solar Energy Co.,Ltd. provides solar power generation solutions in China, Europe, the Asia-Pacific, and internationally. It operates in three segments: Solar Power Generation, Solar Energy Products, and Others. The company invests, constructs, and operates photovoltaic power stations. It is also involved in the research, development, production, and sale of photovoltaic cells and modules. C… Read more
CECEP Solar Energy Co Ltd (000591) - Net Assets
Latest net assets as of September 2025: CN¥24.42 Billion CNY
Based on the latest financial reports, CECEP Solar Energy Co Ltd (000591) has net assets worth CN¥24.42 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥52.84 Billion) and total liabilities (CN¥28.42 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥24.42 Billion |
| % of Total Assets | 46.21% |
| Annual Growth Rate | 19.07% |
| 5-Year Change | 66.03% |
| 10-Year Change | 278.2% |
| Growth Volatility | 207.97 |
CECEP Solar Energy Co Ltd - Net Assets Trend (1992–2024)
This chart illustrates how CECEP Solar Energy Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for CECEP Solar Energy Co Ltd (1992–2024)
The table below shows the annual net assets of CECEP Solar Energy Co Ltd from 1992 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥23.52 Billion | +2.27% |
| 2023-12-31 | CN¥23.00 Billion | +5.31% |
| 2022-12-31 | CN¥21.84 Billion | +46.49% |
| 2021-12-31 | CN¥14.91 Billion | +5.24% |
| 2020-12-31 | CN¥14.16 Billion | +5.19% |
| 2019-12-31 | CN¥13.47 Billion | +4.60% |
| 2018-12-31 | CN¥12.87 Billion | +5.10% |
| 2017-12-31 | CN¥12.25 Billion | +6.32% |
| 2016-12-31 | CN¥11.52 Billion | +85.27% |
| 2015-12-31 | CN¥6.22 Billion | +1201.63% |
| 2014-12-31 | CN¥477.75 Million | -14.76% |
| 2013-12-31 | CN¥560.51 Million | +5.26% |
| 2012-12-31 | CN¥532.49 Million | +3.77% |
| 2011-12-31 | CN¥513.14 Million | -3.40% |
| 2010-12-31 | CN¥531.21 Million | +20.15% |
| 2009-12-31 | CN¥442.13 Million | +5.06% |
| 2008-12-31 | CN¥420.83 Million | +1.66% |
| 2007-12-31 | CN¥413.97 Million | +2.34% |
| 2006-12-31 | CN¥404.52 Million | +1.91% |
| 2005-12-31 | CN¥396.94 Million | +2.15% |
| 2004-12-31 | CN¥388.58 Million | +16.53% |
| 2003-12-31 | CN¥333.46 Million | +4.19% |
| 2002-12-31 | CN¥320.04 Million | +15.27% |
| 2001-12-31 | CN¥277.65 Million | +11.80% |
| 2000-12-31 | CN¥248.35 Million | +65.31% |
| 1999-12-31 | CN¥150.23 Million | -7.28% |
| 1998-12-31 | CN¥162.02 Million | +19.01% |
| 1997-12-31 | CN¥136.14 Million | +12.66% |
| 1996-12-31 | CN¥120.84 Million | +2.24% |
| 1995-12-31 | CN¥118.20 Million | -1.12% |
| 1994-12-31 | CN¥119.53 Million | +7.46% |
| 1993-12-31 | CN¥111.24 Million | +26.04% |
| 1992-12-31 | CN¥88.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to CECEP Solar 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 grown by 166832.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥7.19 Billion | 30.67% |
| Common Stock | CN¥3.92 Billion | 16.70% |
| Other Components | CN¥12.34 Billion | 52.62% |
| Total Equity | CN¥23.45 Billion | 100.00% |
CECEP Solar Energy Co Ltd Competitors by Market Cap
The table below lists competitors of CECEP Solar Energy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Kojamo Oyj
OTCGREY:KOJAF
|
$2.20 Billion |
|
Fujian Wanchen Biotechnology Co. Ltd
SHE:300972
|
$2.20 Billion |
|
IOI Corporation Berhad
OTCGREY:IOIOF
|
$2.20 Billion |
|
CICT Mobile Communication Technology Co. Ltd. A
SHG:688387
|
$2.20 Billion |
|
SolarEdge Technologies Inc
NASDAQ:SEDG
|
$2.20 Billion |
|
COL Digital Publishing Group Co Ltd
SHE:300364
|
$2.20 Billion |
|
Vista Outdoor Inc
NYSE:VSTO
|
$2.20 Billion |
|
T&S Communications Co Ltd
SHE:300570
|
$2.20 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in CECEP Solar Energy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 22,957,388,696 to 23,451,708,087, a change of 494,319,391 (2.2%).
- Net income of 1,225,388,314 contributed positively to equity growth.
- Dividend payments of 1,166,434,712 reduced retained earnings.
- Other comprehensive income decreased equity by 447,283,035.
- Other factors increased equity by 882,648,824.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.23 Billion | +5.23% |
| Dividends Paid | CN¥1.17 Billion | -4.97% |
| Other Comprehensive Income | CN¥-447.28 Million | -1.91% |
| Other Changes | CN¥882.65 Million | +3.76% |
| Total Change | CN¥- | 2.15% |
Book Value vs Market Value Analysis
This analysis compares CECEP Solar 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: 1.02x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 41.90x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1992-12-31 | CN¥0.15 | CN¥6.12 | x |
| 1993-12-31 | CN¥0.18 | CN¥6.12 | x |
| 1994-12-31 | CN¥0.20 | CN¥6.12 | x |
| 1995-12-31 | CN¥0.20 | CN¥6.12 | x |
| 1996-12-31 | CN¥0.20 | CN¥6.12 | x |
| 1997-12-31 | CN¥0.23 | CN¥6.12 | x |
| 1998-12-31 | CN¥0.27 | CN¥6.12 | x |
| 1999-12-31 | CN¥0.25 | CN¥6.12 | x |
| 2000-12-31 | CN¥0.41 | CN¥6.12 | x |
| 2001-12-31 | CN¥0.44 | CN¥6.12 | x |
| 2002-12-31 | CN¥0.48 | CN¥6.12 | x |
| 2003-12-31 | CN¥0.50 | CN¥6.12 | x |
| 2004-12-31 | CN¥0.53 | CN¥6.12 | x |
| 2005-12-31 | CN¥0.55 | CN¥6.12 | x |
| 2006-12-31 | CN¥0.69 | CN¥6.12 | x |
| 2007-12-31 | CN¥0.59 | CN¥6.12 | x |
| 2008-12-31 | CN¥0.56 | CN¥6.12 | x |
| 2009-12-31 | CN¥0.60 | CN¥6.12 | x |
| 2010-12-31 | CN¥0.65 | CN¥6.12 | x |
| 2011-12-31 | CN¥0.63 | CN¥6.12 | x |
| 2012-12-31 | CN¥0.68 | CN¥6.12 | x |
| 2013-12-31 | CN¥0.75 | CN¥6.12 | x |
| 2014-12-31 | CN¥0.25 | CN¥6.12 | x |
| 2015-12-31 | CN¥3.76 | CN¥6.12 | x |
| 2016-12-31 | CN¥4.13 | CN¥6.12 | x |
| 2017-12-31 | CN¥4.03 | CN¥6.12 | x |
| 2018-12-31 | CN¥4.24 | CN¥6.12 | x |
| 2019-12-31 | CN¥4.43 | CN¥6.12 | x |
| 2020-12-31 | CN¥4.67 | CN¥6.12 | x |
| 2021-12-31 | CN¥4.95 | CN¥6.12 | x |
| 2022-12-31 | CN¥6.43 | CN¥6.12 | x |
| 2023-12-31 | CN¥5.86 | CN¥6.12 | x |
| 2024-12-31 | CN¥5.99 | CN¥6.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently CECEP Solar 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): 5.23%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 20.29%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 2.09x
- Recent ROE (5.23%) is below the historical average (10.39%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1992 | 15.23% | 3.90% | 1.28x | 3.06x | CN¥4.62 Million |
| 1993 | 9.00% | 2.92% | 1.01x | 3.05x | CN¥-1.11 Million |
| 1994 | 6.94% | 4.15% | 0.56x | 3.00x | CN¥-3.66 Million |
| 1995 | 8.66% | 4.20% | 0.62x | 3.32x | CN¥-1.59 Million |
| 1996 | 15.30% | 6.48% | 0.71x | 3.32x | CN¥6.41 Million |
| 1997 | 11.24% | 4.50% | 0.77x | 3.23x | CN¥1.69 Million |
| 1998 | 10.48% | 4.74% | 0.75x | 2.97x | CN¥780.47K |
| 1999 | 13.05% | 4.45% | 0.94x | 3.11x | CN¥4.59 Million |
| 2000 | 10.09% | 4.25% | 1.20x | 1.97x | CN¥215.25K |
| 2001 | 11.51% | 3.51% | 1.25x | 2.62x | CN¥4.03 Million |
| 2002 | 7.13% | 1.31% | 1.20x | 4.51x | CN¥-8.29 Million |
| 2003 | 3.88% | 0.53% | 1.35x | 5.42x | CN¥-18.36 Million |
| 2004 | 5.20% | 0.61% | 1.40x | 6.09x | CN¥-15.22 Million |
| 2005 | 4.62% | 0.56% | 1.31x | 6.36x | CN¥-17.89 Million |
| 2006 | 5.37% | 0.64% | 1.50x | 5.56x | CN¥-16.20 Million |
| 2007 | 6.00% | 0.69% | 1.78x | 4.89x | CN¥-14.32 Million |
| 2008 | 6.34% | 0.62% | 1.77x | 5.81x | CN¥-12.46 Million |
| 2009 | 5.53% | 0.52% | 1.80x | 5.89x | CN¥-16.08 Million |
| 2010 | 4.44% | 0.40% | 1.89x | 5.85x | CN¥-21.85 Million |
| 2011 | 2.73% | 0.22% | 1.77x | 7.04x | CN¥-27.83 Million |
| 2012 | 7.35% | 0.65% | 1.61x | 7.07x | CN¥-10.97 Million |
| 2013 | 7.29% | 0.71% | 1.46x | 6.97x | CN¥-12.34 Million |
| 2014 | 97.99% | 10.98% | 1.07x | 8.35x | CN¥350.28 Million |
| 2015 | 7.85% | 13.02% | 0.16x | 3.78x | CN¥-129.41 Million |
| 2016 | 5.78% | 15.07% | 0.15x | 2.64x | CN¥-476.43 Million |
| 2017 | 6.65% | 15.46% | 0.16x | 2.61x | CN¥-405.23 Million |
| 2018 | 6.77% | 17.12% | 0.15x | 2.69x | CN¥-411.10 Million |
| 2019 | 6.83% | 18.18% | 0.13x | 2.81x | CN¥-422.17 Million |
| 2020 | 7.32% | 19.38% | 0.14x | 2.79x | CN¥-375.61 Million |
| 2021 | 7.99% | 16.92% | 0.18x | 2.67x | CN¥-299.15 Million |
| 2022 | 6.36% | 15.03% | 0.20x | 2.13x | CN¥-794.70 Million |
| 2023 | 6.88% | 16.55% | 0.20x | 2.06x | CN¥-717.08 Million |
| 2024 | 5.23% | 20.29% | 0.12x | 2.09x | CN¥-1.12 Billion |
Industry Comparison
This section compares CECEP Solar 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: $1,961,655,254
- Average return on equity (ROE) among peers: 10.86%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| CECEP Solar Energy Co Ltd (000591) | CN¥24.42 Billion | 15.23% | 1.16x | $2.20 Billion |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $867.90 Million | 2.09% | 1.86x | $58.47 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $277.96 Million | 10.57% | 1.45x | $889.49 Million |
| GEPIC Energy Development Co Ltd (000791) | $7.49 Billion | 5.90% | 1.54x | $765.93 Million |
| Tieling Newcity Investment Holding Ltd (000809) | $3.45 Billion | 20.56% | 0.64x | $269.10 Million |
| Hubei Energy Group Co Ltd (000883) | $730.62 Million | 9.40% | 0.33x | $1.99 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.70 Billion | 3.61% | 1.46x | $406.20 Million |
| Xinjiang Lixin Energy Co. Ltd. A (001258) | $2.92 Billion | 1.72% | 4.24x | $377.98 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $148.08 Million | 3.32% | 6.54x | $718.01 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $65.12 Million | 40.54% | 1.51x | $785.39 Million |