SPIC Dongfang New Energy Corp

SHE:000958 China Utilities - Regulated Electric
Market Cap
$16.12 Billion
CN¥118.31 Billion CNY
Market Cap Rank
#7061 Global
#1163 in China
Share Price
CN¥6.81
Change (1 day)
+0.29%
52-Week Range
CN¥5.74 - CN¥7.82
All Time High
CN¥13.89
Categories
Companies in China Utilities - Regulated Electric
About

SPIC Industry-Finance Holdings Co., Ltd. engages in the energy, trust, insurance, asset management, future and other businesses in China. The company is involved in the power generation and heating; fund, movable property, and real estate trust; insurance, futures brokerag, and property brokerage; and risk management and other businesses, as well as power related services. It also engages in the … Read more

SPIC Dongfang New Energy Corp (000958) - Net Assets

Latest net assets as of September 2025: CN¥30.18 Billion CNY

Based on the latest financial reports, SPIC Dongfang New Energy Corp (000958) has net assets worth CN¥30.18 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¥51.00 Billion) and total liabilities (CN¥20.82 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¥30.18 Billion
% of Total Assets 59.17%
Annual Growth Rate 20.36%
5-Year Change -10.73%
10-Year Change 1184.0%
Growth Volatility 158.96

SPIC Dongfang New Energy Corp - Net Assets Trend (1996–2024)

This chart illustrates how SPIC Dongfang New Energy Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for SPIC Dongfang New Energy Corp (1996–2024)

The table below shows the annual net assets of SPIC Dongfang New Energy Corp from 1996 to 2024.

Year Net Assets Change
2024-12-31 CN¥29.79 Billion +2.78%
2023-12-31 CN¥28.98 Billion +3.46%
2022-12-31 CN¥28.01 Billion +10.19%
2021-12-31 CN¥25.42 Billion -23.82%
2020-12-31 CN¥33.37 Billion +8.71%
2019-12-31 CN¥30.69 Billion +751.30%
2018-12-31 CN¥3.61 Billion +30.94%
2017-12-31 CN¥2.75 Billion +6.47%
2016-12-31 CN¥2.59 Billion +11.47%
2015-12-31 CN¥2.32 Billion +179.33%
2014-12-31 CN¥830.58 Million +20.88%
2013-12-31 CN¥687.09 Million +189.62%
2012-12-31 CN¥-766.66 Million -9.86%
2011-12-31 CN¥-697.86 Million -68.13%
2010-12-31 CN¥-415.08 Million +6.48%
2009-12-31 CN¥-443.87 Million -153.37%
2008-12-31 CN¥831.74 Million -28.57%
2007-12-31 CN¥1.16 Billion +2.10%
2006-12-31 CN¥1.14 Billion -11.66%
2005-12-31 CN¥1.29 Billion +0.86%
2004-12-31 CN¥1.28 Billion -0.53%
2003-12-31 CN¥1.29 Billion +8.08%
2002-12-31 CN¥1.19 Billion +93.97%
2001-12-31 CN¥613.80 Million +11.52%
2000-12-31 CN¥550.42 Million +7.81%
1999-12-31 CN¥510.56 Million +157.49%
1998-12-31 CN¥198.28 Million +17.50%
1997-12-31 CN¥168.75 Million +1.56%
1996-12-31 CN¥166.17 Million --

Equity Component Analysis

This analysis shows how different components contribute to SPIC Dongfang New Energy Corp'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 754903231100.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥7.55 Billion 37.76%
Common Stock CN¥5.38 Billion 26.93%
Other Components CN¥7.06 Billion 35.30%
Total Equity CN¥19.99 Billion 100.00%

SPIC Dongfang New Energy Corp Competitors by Market Cap

The table below lists competitors of SPIC Dongfang New Energy Corp ranked by their market capitalization.

Company Market Cap
IOI Properties Group Bhd
KLSE:5249
 		$1.07 Billion
Shanghai Haixin Group Co Ltd A
SHG:600851
 		$1.07 Billion
MNYFF
PINK:MNYFF
 		$1.07 Billion
Solar Applied Materials Technology
TWO:1785
 		$1.07 Billion
PT Gudang Garam Tbk
PINK:GDNGY
 		$1.07 Billion
TRIUMPH FINANCIAL DL-01
F:2THA
 		$1.07 Billion
Befesa SA
XETRA:BFSA
 		$1.07 Billion
Genius Sports Ltd
NYSE:GENI
 		$1.07 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in SPIC Dongfang New Energy Corp's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 19,342,539,821 to 19,989,658,092, a change of 647,118,271 (3.3%).
  • Net income of 1,043,960,192 contributed positively to equity growth.
  • Dividend payments of 809,683,114 reduced retained earnings.
  • Other comprehensive income decreased equity by 678,895,595.
  • Other factors increased equity by 1,091,736,788.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥1.04 Billion +5.22%
Dividends Paid CN¥809.68 Million -4.05%
Other Comprehensive Income CN¥-678.90 Million -3.4%
Other Changes CN¥1.09 Billion +5.46%
Total Change CN¥- 3.35%

Book Value vs Market Value Analysis

This analysis compares SPIC Dongfang New Energy Corp'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: 1.83x
  • 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 28.96x to 1.83x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1996-12-31 CN¥0.24 CN¥6.81 x
1997-12-31 CN¥0.24 CN¥6.81 x
1998-12-31 CN¥0.28 CN¥6.81 x
1999-12-31 CN¥0.69 CN¥6.81 x
2000-12-31 CN¥0.75 CN¥6.81 x
2001-12-31 CN¥0.83 CN¥6.81 x
2002-12-31 CN¥1.68 CN¥6.81 x
2003-12-31 CN¥1.79 CN¥6.81 x
2004-12-31 CN¥1.79 CN¥6.81 x
2005-12-31 CN¥1.77 CN¥6.81 x
2006-12-31 CN¥1.68 CN¥6.81 x
2007-12-31 CN¥1.87 CN¥6.81 x
2008-12-31 CN¥1.34 CN¥6.81 x
2009-12-31 CN¥-0.78 CN¥6.81 x
2010-12-31 CN¥-0.67 CN¥6.81 x
2011-12-31 CN¥-1.14 CN¥6.81 x
2012-12-31 CN¥-1.25 CN¥6.81 x
2013-12-31 CN¥1.19 CN¥6.81 x
2014-12-31 CN¥0.88 CN¥6.81 x
2015-12-31 CN¥2.11 CN¥6.81 x
2016-12-31 CN¥4.67 CN¥6.81 x
2017-12-31 CN¥2.43 CN¥6.81 x
2018-12-31 CN¥0.50 CN¥6.81 x
2019-12-31 CN¥13.93 CN¥6.81 x
2020-12-31 CN¥3.09 CN¥6.81 x
2021-12-31 CN¥3.26 CN¥6.81 x
2022-12-31 CN¥3.43 CN¥6.81 x
2023-12-31 CN¥3.59 CN¥6.81 x
2024-12-31 CN¥3.71 CN¥6.81 x

Capital Efficiency Dashboard

This dashboard shows how efficiently SPIC Dongfang New Energy Corp 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): 5.22%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 18.17%
  • • Asset Turnover: 0.12x
  • • Equity Multiplier: 2.39x
  • Recent ROE (5.22%) is below the historical average (10.76%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1996 15.47% 17.39% 0.34x 2.62x CN¥9.09 Million
1997 19.90% 22.45% 0.31x 2.84x CN¥16.70 Million
1998 20.19% 23.52% 0.31x 2.80x CN¥20.20 Million
1999 9.52% 20.65% 0.20x 2.29x CN¥-2.35 Million
2000 9.22% 16.08% 0.24x 2.42x CN¥-4.11 Million
2001 13.04% 16.65% 0.31x 2.49x CN¥17.89 Million
2002 5.90% 16.38% 0.21x 1.75x CN¥-48.86 Million
2003 6.03% 14.72% 0.22x 1.88x CN¥-50.16 Million
2004 1.42% 2.72% 0.23x 2.23x CN¥-108.36 Million
2005 0.77% 0.93% 0.30x 2.73x CN¥-115.31 Million
2006 -0.31% -0.33% 0.33x 2.78x CN¥-115.12 Million
2007 0.90% 1.02% 0.32x 2.72x CN¥-102.22 Million
2008 -40.37% -33.21% 0.34x 3.58x CN¥-402.92 Million
2009 0.00% -115.26% 0.65x 0.00x CN¥-1.21 Billion
2010 0.00% 2.08% 0.86x 0.00x CN¥68.59 Million
2011 0.00% -28.55% 0.68x 0.00x CN¥-208.25 Million
2012 0.00% -7.70% 0.62x 0.00x CN¥9.24 Million
2013 96.24% 90.45% 0.33x 3.18x CN¥614.16 Million
2014 45.06% 14.37% 1.22x 2.57x CN¥298.80 Million
2015 19.15% 17.39% 0.48x 2.28x CN¥212.82 Million
2016 10.93% 11.33% 0.47x 2.04x CN¥24.10 Million
2017 4.11% 4.05% 0.35x 2.87x CN¥-153.57 Million
2018 33.87% 7.31% 1.13x 4.10x CN¥629.49 Million
2019 8.69% 11.60% 0.14x 5.18x CN¥-201.25 Million
2020 7.65% 9.51% 0.15x 5.50x CN¥-390.41 Million
2021 7.45% 14.74% 0.19x 2.69x CN¥-448.53 Million
2022 5.42% 16.38% 0.13x 2.50x CN¥-844.83 Million
2023 6.57% 20.91% 0.13x 2.37x CN¥-663.88 Million
2024 5.22% 18.17% 0.12x 2.39x CN¥-955.01 Million

Industry Comparison

This section compares SPIC Dongfang New Energy Corp's net assets metrics with peer companies in the Utilities - Regulated Electric industry.

Industry Context

  • Industry: Utilities - Regulated Electric
  • Average net assets among peers: $2,914,861,497
  • Average return on equity (ROE) among peers: 6.69%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
SPIC Dongfang New Energy Corp (000958) CN¥30.18 Billion 15.47% 0.69x $1.07 Billion
Shenzhen Energy Group Co Ltd (000027) $8.19 Billion 8.94% 0.37x $1.14 Billion
Shenzhen Nanshan Power Co Ltd (000037) $606.17 Million 19.16% 0.66x $463.41 Million
Guangzhou Hengyun Enterprises Holding Ltd (000531) $425.31 Million 6.99% 1.07x $362.93 Million
An Hui Wenergy Co Ltd (000543) $2.32 Billion 7.87% 0.16x $1.11 Billion
Jointo Energy Investment Co Ltd Hebei (000600) $875.38 Million 4.87% 2.31x $810.91 Million
Guangdong Shaoneng Group Co Ltd (000601) $2.77 Billion 3.03% 1.64x $561.99 Million
Tianjin Binhai Energy & Development Co Ltd (000695) $345.13 Million 0.89% 2.45x $262.05 Million
Shanxi Zhangze Electric Power Co Ltd (000767) $1.84 Billion 11.37% 1.54x $768.72 Million
Jilin Power Share Co Ltd (000875) $10.34 Billion 1.11% 2.84x $2.25 Billion
Jiangxi Ganneng Co Ltd (000899) $1.43 Billion 2.70% 0.12x $507.45 Million