Shanxi Meijin Energy Co Ltd

SHE:000723 China Coking Coal
Market Cap
$3.28 Billion
CN¥24.09 Billion CNY
Market Cap Rank
#5148 Global
#624 in China
Share Price
CN¥5.47
Change (1 day)
-0.18%
52-Week Range
CN¥4.07 - CN¥5.85
All Time High
CN¥19.90
Categories
Companies in China Coking Coal
About

Shanxi Meijin Energy Co.,Ltd. produces and sells coking coal and coking by-products in China. The company engages in the production and sales of coal, coking, natural gas, chemical products, new energy vehicles, including hydrogen fuel cell vehicles; ethylene glycol, and carbon black; chemical products; pig iron, coke, coke powder, dedusting ash, coke oven gas, coal tar, crude benzene/light benze… Read more

Shanxi Meijin Energy Co Ltd (000723) - Net Assets

Latest net assets as of September 2025: CN¥15.38 Billion CNY

Based on the latest financial reports, Shanxi Meijin Energy Co Ltd (000723) has net assets worth CN¥15.38 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¥44.36 Billion) and total liabilities (CN¥28.98 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¥15.38 Billion
% of Total Assets 34.68%
Annual Growth Rate 20.97%
5-Year Change 44.01%
10-Year Change 143.47%
Growth Volatility 222.49

Shanxi Meijin Energy Co Ltd - Net Assets Trend (1994–2024)

This chart illustrates how Shanxi Meijin 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 Shanxi Meijin Energy Co Ltd (1994–2024)

The table below shows the annual net assets of Shanxi Meijin Energy Co Ltd from 1994 to 2024.

Year Net Assets Change
2024-12-31 CN¥16.21 Billion -4.18%
2023-12-31 CN¥16.92 Billion +2.28%
2022-12-31 CN¥16.54 Billion +15.80%
2021-12-31 CN¥14.28 Billion +26.90%
2020-12-31 CN¥11.26 Billion +21.32%
2019-12-31 CN¥9.28 Billion +14.59%
2018-12-31 CN¥8.10 Billion -3.63%
2017-12-31 CN¥8.40 Billion +13.56%
2016-12-31 CN¥7.40 Billion +11.12%
2015-12-31 CN¥6.66 Billion +1229.26%
2014-12-31 CN¥500.91 Million +1.63%
2013-12-31 CN¥492.88 Million +3.23%
2012-12-31 CN¥477.44 Million -9.20%
2011-12-31 CN¥525.81 Million +4.97%
2010-12-31 CN¥500.93 Million -0.75%
2009-12-31 CN¥504.73 Million -0.85%
2008-12-31 CN¥509.04 Million +22.69%
2007-12-31 CN¥414.91 Million +40.47%
2006-12-31 CN¥295.38 Million +6.40%
2005-12-31 CN¥277.60 Million +1.20%
2004-12-31 CN¥274.30 Million +9.29%
2003-12-31 CN¥250.99 Million +12.37%
2002-12-31 CN¥223.36 Million +12.08%
2001-12-31 CN¥199.28 Million -55.13%
2000-12-31 CN¥444.18 Million -9.20%
1999-12-31 CN¥489.20 Million +12.34%
1998-12-31 CN¥435.48 Million +9.86%
1997-12-31 CN¥396.39 Million +108.72%
1996-12-31 CN¥189.92 Million +233.68%
1995-12-31 CN¥56.92 Million +6.05%
1994-12-31 CN¥53.67 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shanxi Meijin 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 652514.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥6.93 Billion 47.96%
Common Stock CN¥4.43 Billion 30.67%
Other Comprehensive Income CN¥1.43 Billion 9.89%
Other Components CN¥1.66 Billion 11.48%
Total Equity CN¥14.45 Billion 100.00%

Shanxi Meijin Energy Co Ltd Competitors by Market Cap

The table below lists competitors of Shanxi Meijin Energy Co Ltd ranked by their market capitalization.

Company Market Cap
Sichuan Development Lomon Co Ltd
SHE:002312
 		$1.88 Billion
Bank Of Cyprus Holdings PCL
PINK:BKCYF
 		$1.88 Billion
Fresnillo PLC
PINK:FNLPF
 		$1.88 Billion
Cia de Distribucion Integral
MC:LOG
 		$1.89 Billion
BAIC Motor Corporation Limited
PINK:BCCMY
 		$1.88 Billion
Evertec Inc
NYSE:EVTC
 		$1.88 Billion
SKEENA RES LTD NEW
F:RXF
 		$1.88 Billion
PACIFIC PRE. DL-01
F:LF2
 		$1.88 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shanxi Meijin Energy Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 14,980,171,332 to 14,450,836,000, a change of -529,335,332 (-3.5%).
  • Net loss of 1,142,535,697 reduced equity.
  • Dividend payments of 346,723,829 reduced retained earnings.
  • Share repurchases of 100,044,038 reduced equity.
  • Other comprehensive income increased equity by 140,540,597.
  • Other factors increased equity by 919,427,635.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥-1.14 Billion -7.91%
Dividends Paid CN¥346.72 Million -2.4%
Share Repurchases CN¥100.04 Million -0.69%
Other Comprehensive Income CN¥140.54 Million +0.97%
Other Changes CN¥919.43 Million +6.36%
Total Change CN¥- -3.53%

Book Value vs Market Value Analysis

This analysis compares Shanxi Meijin 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: 1.66x
  • 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 51.23x to 1.66x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1994-12-31 CN¥0.11 CN¥5.47 x
1995-12-31 CN¥0.11 CN¥5.47 x
1996-12-31 CN¥0.37 CN¥5.47 x
1997-12-31 CN¥0.79 CN¥5.47 x
1998-12-31 CN¥0.84 CN¥5.47 x
1999-12-31 CN¥0.95 CN¥5.47 x
2000-12-31 CN¥0.86 CN¥5.47 x
2001-12-31 CN¥0.38 CN¥5.47 x
2002-12-31 CN¥0.42 CN¥5.47 x
2003-12-31 CN¥0.48 CN¥5.47 x
2004-12-31 CN¥0.53 CN¥5.47 x
2005-12-31 CN¥0.55 CN¥5.47 x
2006-12-31 CN¥0.58 CN¥5.47 x
2007-12-31 CN¥0.75 CN¥5.47 x
2008-12-31 CN¥0.92 CN¥5.47 x
2009-12-31 CN¥0.84 CN¥5.47 x
2010-12-31 CN¥0.88 CN¥5.47 x
2011-12-31 CN¥0.97 CN¥5.47 x
2012-12-31 CN¥0.89 CN¥5.47 x
2013-12-31 CN¥0.89 CN¥5.47 x
2014-12-31 CN¥0.13 CN¥5.47 x
2015-12-31 CN¥1.81 CN¥5.47 x
2016-12-31 CN¥1.73 CN¥5.47 x
2017-12-31 CN¥1.92 CN¥5.47 x
2018-12-31 CN¥1.74 CN¥5.47 x
2019-12-31 CN¥2.00 CN¥5.47 x
2020-12-31 CN¥2.45 CN¥5.47 x
2021-12-31 CN¥2.91 CN¥5.47 x
2022-12-31 CN¥3.34 CN¥5.47 x
2023-12-31 CN¥3.63 CN¥5.47 x
2024-12-31 CN¥3.29 CN¥5.47 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanxi Meijin 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): -7.91%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: -6.00%
  • • Asset Turnover: 0.42x
  • • Equity Multiplier: 3.12x
  • Recent ROE (-7.91%) is below the historical average (2.29%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1994 11.15% 5.90% 0.77x 2.47x CN¥617.98K
1995 13.32% 6.17% 0.75x 2.90x CN¥1.89 Million
1996 17.78% 6.88% 1.04x 2.48x CN¥14.57 Million
1997 10.16% 8.20% 0.64x 1.93x CN¥618.15K
1998 7.08% 7.65% 0.45x 2.04x CN¥-12.36 Million
1999 0.95% 1.14% 0.40x 2.06x CN¥-43.21 Million
2000 -17.61% -19.99% 0.41x 2.15x CN¥-119.44 Million
2001 -98.76% -53.58% 0.51x 3.64x CN¥-206.44 Million
2002 11.37% 5.39% 0.70x 3.02x CN¥2.93 Million
2003 11.78% 6.04% 0.66x 2.94x CN¥4.30 Million
2004 9.66% 3.34% 1.08x 2.68x CN¥-903.21K
2005 2.62% 1.19% 0.85x 2.59x CN¥-20.29 Million
2006 5.02% 2.43% 0.88x 2.34x CN¥-14.56 Million
2007 18.58% 8.60% 0.76x 2.84x CN¥32.07 Million
2008 18.48% 4.95% 1.40x 2.68x CN¥38.89 Million
2009 -0.99% -0.52% 0.88x 2.19x CN¥-49.88 Million
2010 1.90% 0.62% 1.48x 2.06x CN¥-36.41 Million
2011 4.02% 1.24% 1.65x 1.97x CN¥-28.17 Million
2012 -6.83% -2.53% 1.52x 1.77x CN¥-74.47 Million
2013 8.13% 2.92% 1.42x 1.97x CN¥-8.45 Million
2014 -47.92% -3.53% 7.46x 1.82x CN¥-266.72 Million
2015 -5.83% -6.39% 0.38x 2.38x CN¥-989.59 Million
2016 9.83% 9.56% 0.56x 1.82x CN¥-11.61 Million
2017 13.56% 8.56% 0.89x 1.79x CN¥275.13 Million
2018 25.26% 11.87% 0.81x 2.63x CN¥1.09 Billion
2019 11.70% 6.78% 0.72x 2.40x CN¥138.89 Million
2020 6.95% 5.41% 0.51x 2.53x CN¥-305.48 Million
2021 20.45% 11.90% 0.73x 2.37x CN¥1.30 Billion
2022 15.27% 8.98% 0.67x 2.53x CN¥762.92 Million
2023 1.93% 1.39% 0.49x 2.84x CN¥-1.21 Billion
2024 -7.91% -6.00% 0.42x 3.12x CN¥-2.59 Billion

Industry Comparison

This section compares Shanxi Meijin Energy Co Ltd's net assets metrics with peer companies in the Coking Coal industry.

Industry Context

  • Industry: Coking Coal
  • Average net assets among peers: $2,475,066,374
  • Average return on equity (ROE) among peers: 0.51%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shanxi Meijin Energy Co Ltd (000723) CN¥15.38 Billion 11.15% 1.88x $1.88 Billion
Shandong Jinling Mining Co Ltd (000655) $117.60 Million 11.16% 1.41x $312.23 Million
Anyuan Coal Industry Group Co Ltd (600397) $220.36 Million 19.92% 1.15x $2.09 Billion
Shanxi Antai Group Co Ltd (600408) $1.99 Billion -34.26% 2.91x $387.82 Million
Fujian Oriental Silver Star Investment Co Ltd (600753) $320.89 Million 4.43% 0.25x $224.12 Million
Yunnan Coal & Energy Co Ltd (600792) $132.84 Million 4.93% 0.76x $242.15 Million
Kailuan Energy Chemical Co Ltd (600997) $8.13 Billion -5.13% 1.50x $456.73 Million
Baotailong New Materials Co Ltd (601011) $6.42 Billion 2.52% 0.60x $674.59 Million