Shanxi Zhangze Electric Power Co Ltd (000767) - Net Assets
Based on the latest financial reports, Shanxi Zhangze Electric Power Co Ltd (000767) has net assets worth CN¥5.57 Billion CNY (≈ $814.54 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥58.81 Billion ≈ $8.61 Billion USD) and total liabilities (CN¥53.24 Billion ≈ $7.79 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 000767 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥5.57 Billion |
| % of Total Assets | 9.47% |
| Annual Growth Rate | 10.87% |
| 5-Year Change | 24.74% |
| 10-Year Change | 44.43% |
| Growth Volatility | 102.73 |
Shanxi Zhangze Electric Power Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Shanxi Zhangze Electric Power Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shanxi Zhangze Electric Power Co Ltd balance sheet assets for the complete picture of this company's asset base.
Annual Net Assets for Shanxi Zhangze Electric Power Co Ltd (1994–2024)
The table below shows the annual net assets of Shanxi Zhangze Electric Power Co Ltd from 1994 to 2024. For live valuation and market cap data, see 000767 market cap overview.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥10.75 Billion ≈ $1.57 Billion |
-0.50% |
| 2023-12-31 | CN¥10.81 Billion ≈ $1.58 Billion |
+0.61% |
| 2022-12-31 | CN¥10.74 Billion ≈ $1.57 Billion |
+15.81% |
| 2021-12-31 | CN¥9.28 Billion ≈ $1.36 Billion |
+7.59% |
| 2020-12-31 | CN¥8.62 Billion ≈ $1.26 Billion |
+7.92% |
| 2019-12-31 | CN¥7.99 Billion ≈ $1.17 Billion |
-0.93% |
| 2018-12-31 | CN¥8.06 Billion ≈ $1.18 Billion |
+0.61% |
| 2017-12-31 | CN¥8.01 Billion ≈ $1.17 Billion |
-23.95% |
| 2016-12-31 | CN¥10.54 Billion ≈ $1.54 Billion |
+41.53% |
| 2015-12-31 | CN¥7.45 Billion ≈ $1.09 Billion |
+22.23% |
| 2014-12-31 | CN¥6.09 Billion ≈ $891.44 Million |
+14.85% |
| 2013-12-31 | CN¥5.30 Billion ≈ $776.20 Million |
+559.23% |
| 2012-12-31 | CN¥804.64 Million ≈ $117.74 Million |
+5.14% |
| 2011-12-31 | CN¥765.27 Million ≈ $111.98 Million |
-50.48% |
| 2010-12-31 | CN¥1.55 Billion ≈ $226.12 Million |
-32.43% |
| 2009-12-31 | CN¥2.29 Billion ≈ $334.65 Million |
+2.40% |
| 2008-12-31 | CN¥2.23 Billion ≈ $326.79 Million |
-36.09% |
| 2007-12-31 | CN¥3.49 Billion ≈ $511.37 Million |
+61.62% |
| 2006-12-31 | CN¥2.16 Billion ≈ $316.40 Million |
+11.93% |
| 2005-12-31 | CN¥1.93 Billion ≈ $282.69 Million |
+4.97% |
| 2004-12-31 | CN¥1.84 Billion ≈ $269.31 Million |
+3.89% |
| 2003-12-31 | CN¥1.77 Billion ≈ $259.23 Million |
+13.47% |
| 2002-12-31 | CN¥1.56 Billion ≈ $228.45 Million |
-3.85% |
| 2001-12-31 | CN¥1.62 Billion ≈ $237.59 Million |
+8.17% |
| 2000-12-31 | CN¥1.50 Billion ≈ $219.66 Million |
+98.40% |
| 1999-12-31 | CN¥756.61 Million ≈ $110.72 Million |
-4.84% |
| 1998-12-31 | CN¥795.11 Million ≈ $116.35 Million |
+18.52% |
| 1997-12-31 | CN¥670.85 Million ≈ $98.17 Million |
+37.68% |
| 1996-12-31 | CN¥487.27 Million ≈ $71.30 Million |
+15.78% |
| 1995-12-31 | CN¥420.85 Million ≈ $61.58 Million |
-13.46% |
| 1994-12-31 | CN¥486.29 Million ≈ $71.16 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanxi Zhangze Electric Power 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 41423.8% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥3.08 Billion | 26.99% |
| Other Components | CN¥9.90 Billion | 86.83% |
| Total Equity | CN¥11.40 Billion | 100.00% |
Shanxi Zhangze Electric Power Co Ltd Competitors by Market Cap
The table below lists competitors of Shanxi Zhangze Electric Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Metrics Master Income Trust
AU:MXT
|
$1.70 Billion |
|
Chongqing Iron & Steel Co Ltd Class A
SHG:601005
|
$1.70 Billion |
|
Monarch Casino & Resort Inc
NASDAQ:MCRI
|
$1.70 Billion |
|
CITIC Guoan Information Industry Co Ltd
SHE:000839
|
$1.70 Billion |
|
Shanghai Waigaoqiao Free Trade Zone Group Co Ltd A
SHG:600648
|
$1.70 Billion |
|
Acuren Corporation
NYSE:TIC
|
$1.70 Billion |
|
Formula
TA:FORTY
|
$1.70 Billion |
|
LANXESS Aktiengesellschaft
F:LXS
|
$1.70 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanxi Zhangze Electric Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,117,957,631 to 11,400,759,332, a change of 282,801,701 (2.5%).
- Net income of 32,077,438 contributed positively to equity growth.
- Dividend payments of 1,582,950,457 reduced retained earnings.
- Other factors increased equity by 1,833,674,720.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥32.08 Million | +0.28% |
| Dividends Paid | CN¥1.58 Billion | -13.88% |
| Other Changes | CN¥1.83 Billion | +16.08% |
| Total Change | CN¥- | 2.54% |
Book Value vs Market Value Analysis
This analysis compares Shanxi Zhangze Electric Power 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 10.15x 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 |
|---|---|---|---|
| 1994-12-31 | CN¥0.37 | CN¥3.78 | x |
| 1995-12-31 | CN¥0.32 | CN¥3.78 | x |
| 1996-12-31 | CN¥0.37 | CN¥3.78 | x |
| 1997-12-31 | CN¥0.51 | CN¥3.78 | x |
| 1998-12-31 | CN¥0.61 | CN¥3.78 | x |
| 1999-12-31 | CN¥0.58 | CN¥3.78 | x |
| 2000-12-31 | CN¥1.15 | CN¥3.78 | x |
| 2001-12-31 | CN¥1.24 | CN¥3.78 | x |
| 2002-12-31 | CN¥1.20 | CN¥3.78 | x |
| 2003-12-31 | CN¥1.36 | CN¥3.78 | x |
| 2004-12-31 | CN¥1.40 | CN¥3.78 | x |
| 2005-12-31 | CN¥1.47 | CN¥3.78 | x |
| 2006-12-31 | CN¥1.95 | CN¥3.78 | x |
| 2007-12-31 | CN¥2.67 | CN¥3.78 | x |
| 2008-12-31 | CN¥1.67 | CN¥3.78 | x |
| 2009-12-31 | CN¥1.61 | CN¥3.78 | x |
| 2010-12-31 | CN¥1.15 | CN¥3.78 | x |
| 2011-12-31 | CN¥0.55 | CN¥3.78 | x |
| 2012-12-31 | CN¥1.16 | CN¥3.78 | x |
| 2013-12-31 | CN¥2.25 | CN¥3.78 | x |
| 2014-12-31 | CN¥2.30 | CN¥3.78 | x |
| 2015-12-31 | CN¥2.53 | CN¥3.78 | x |
| 2016-12-31 | CN¥3.80 | CN¥3.78 | x |
| 2017-12-31 | CN¥2.35 | CN¥3.78 | x |
| 2018-12-31 | CN¥2.45 | CN¥3.78 | x |
| 2019-12-31 | CN¥2.47 | CN¥3.78 | x |
| 2020-12-31 | CN¥2.68 | CN¥3.78 | x |
| 2021-12-31 | CN¥2.98 | CN¥3.78 | x |
| 2022-12-31 | CN¥3.49 | CN¥3.78 | x |
| 2023-12-31 | CN¥3.61 | CN¥3.78 | x |
| 2024-12-31 | CN¥3.71 | CN¥3.78 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanxi Zhangze Electric Power 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): 0.28%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.19%
- • Asset Turnover: 0.28x
- • Equity Multiplier: 5.14x
- Recent ROE (0.28%) is above the historical average (0.27%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 8.21% | 5.49% | 0.50x | 3.02x | CN¥-8.68 Million |
| 1995 | 12.54% | 6.77% | 0.61x | 3.05x | CN¥10.67 Million |
| 1996 | 12.91% | 7.36% | 0.66x | 2.68x | CN¥14.18 Million |
| 1997 | 17.76% | 12.83% | 0.75x | 1.85x | CN¥52.08 Million |
| 1998 | 15.63% | 14.45% | 0.70x | 1.55x | CN¥44.75 Million |
| 1999 | 23.62% | 19.96% | 0.75x | 1.58x | CN¥103.08 Million |
| 2000 | 6.46% | 10.35% | 0.19x | 3.23x | CN¥-53.18 Million |
| 2001 | 12.58% | 15.03% | 0.29x | 2.88x | CN¥41.83 Million |
| 2002 | 6.03% | 5.94% | 0.34x | 2.96x | CN¥-62.00 Million |
| 2003 | 11.87% | 10.43% | 0.43x | 2.63x | CN¥33.19 Million |
| 2004 | 11.41% | 9.58% | 0.47x | 2.55x | CN¥25.86 Million |
| 2005 | 12.45% | 10.20% | 0.52x | 2.35x | CN¥47.14 Million |
| 2006 | 18.88% | 12.93% | 0.42x | 3.48x | CN¥191.16 Million |
| 2007 | 13.75% | 12.88% | 0.40x | 2.67x | CN¥130.61 Million |
| 2008 | -43.25% | -28.35% | 0.33x | 4.69x | CN¥-1.18 Billion |
| 2009 | 0.62% | 0.35% | 0.36x | 5.01x | CN¥-211.76 Million |
| 2010 | -49.65% | -17.64% | 0.35x | 8.06x | CN¥-900.11 Million |
| 2011 | -107.25% | -19.03% | 0.34x | 16.66x | CN¥-853.69 Million |
| 2012 | 18.06% | 2.62% | 0.44x | 15.59x | CN¥63.67 Million |
| 2013 | 9.81% | 4.98% | 0.30x | 6.56x | CN¥-9.03 Million |
| 2014 | 11.58% | 5.45% | 0.36x | 5.84x | CN¥81.93 Million |
| 2015 | 7.12% | 4.53% | 0.27x | 5.74x | CN¥-166.51 Million |
| 2016 | 0.86% | 0.85% | 0.19x | 5.15x | CN¥-806.42 Million |
| 2017 | -21.54% | -16.35% | 0.20x | 6.70x | CN¥-2.28 Billion |
| 2018 | 4.23% | 2.84% | 0.22x | 6.68x | CN¥-435.20 Million |
| 2019 | 0.89% | 0.57% | 0.24x | 6.69x | CN¥-693.27 Million |
| 2020 | 3.31% | 2.30% | 0.21x | 6.90x | CN¥-550.87 Million |
| 2021 | 0.04% | 0.03% | 0.25x | 6.71x | CN¥-912.77 Million |
| 2022 | -6.33% | -3.37% | 0.32x | 5.86x | CN¥-1.76 Billion |
| 2023 | -4.63% | -2.63% | 0.32x | 5.44x | CN¥-1.63 Billion |
| 2024 | 0.28% | 0.19% | 0.28x | 5.14x | CN¥-1.11 Billion |
Industry Comparison
This section compares Shanxi Zhangze Electric Power Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $2,428,848,744
- Average return on equity (ROE) among peers: 13.37%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanxi Zhangze Electric Power Co Ltd (000767) | CN¥5.57 Billion | 8.21% | 9.56x | $1.70 Billion |
| Shenzhen Energy Group Co Ltd (000027) | $4.63 Billion | 8.48% | 0.68x | $4.76 Billion |
| Shenzhen Nanshan Power Co Ltd (000037) | $1.94 Billion | 0.56% | 1.58x | $535.60 Million |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $4.62 Billion | 8.90% | 1.52x | $1.07 Billion |
| An Hui Wenergy Co Ltd (000543) | $358.78 Million | 13.14% | 0.02x | $2.68 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $53.68 Million | 11.61% | 0.85x | $2.51 Billion |
| Guangdong Shaoneng Group Co Ltd (000601) | $5.11 Billion | 7.85% | 1.19x | $1.02 Billion |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $235.17 Million | -11.96% | 4.44x | $525.65 Million |
| Jilin Power Share Co Ltd (000875) | $4.75 Billion | 2.48% | 3.81x | $3.47 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $168.15 Million | 79.33% | 3.35x | $1.78 Billion |
About Shanxi Zhangze Electric Power Co Ltd
Jinneng Holding Shanxi Electric Power Co.,LTD., together with its subsidiaries, engages in the production and sale of electricity and heat products in China. The company is involved in the development and sale of fuels, materials, high-tech electric power, and electric power supplies. It engages in production and sale of electric heating and electrolytic aluminum; electrical equipment overhaul an… Read more