SPIC Dongfang New Energy Corp (000958) - Net Assets
Based on the latest financial reports, SPIC Dongfang New Energy Corp (000958) has net assets worth CN¥56.65 Billion CNY (≈ $8.29 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥141.99 Billion ≈ $20.78 Billion USD) and total liabilities (CN¥85.34 Billion ≈ $12.49 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 SPIC Dongfang New Energy Corp tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥56.65 Billion |
| % of Total Assets | 39.89% |
| Annual Growth Rate | 22.18% |
| 5-Year Change | 117.77% |
| 10-Year Change | 2001.04% |
| Growth Volatility | 177.97 |
SPIC Dongfang New Energy Corp - Net Assets Trend (1996–2025)
This chart illustrates how SPIC Dongfang New Energy Corp's net assets have evolved over time, based on quarterly financial data. See 000958 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for SPIC Dongfang New Energy Corp (1996–2025)
The table below shows the annual net assets of SPIC Dongfang New Energy Corp from 1996 to 2025. For live valuation and market cap data, see SPIC Dongfang New Energy Corp stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥55.38 Billion ≈ $8.10 Billion |
+85.92% |
| 2024-12-31 | CN¥29.79 Billion ≈ $4.36 Billion |
+2.78% |
| 2023-12-31 | CN¥28.98 Billion ≈ $4.24 Billion |
+3.50% |
| 2022-12-31 | CN¥28.00 Billion ≈ $4.10 Billion |
+10.11% |
| 2021-12-31 | CN¥25.43 Billion ≈ $3.72 Billion |
-23.75% |
| 2020-12-31 | CN¥33.35 Billion ≈ $4.88 Billion |
+8.69% |
| 2019-12-31 | CN¥30.69 Billion ≈ $4.49 Billion |
+6.69% |
| 2018-12-31 | CN¥28.76 Billion ≈ $4.21 Billion |
+880.86% |
| 2017-12-31 | CN¥2.93 Billion ≈ $429.11 Million |
+11.25% |
| 2016-12-31 | CN¥2.64 Billion ≈ $385.73 Million |
+13.62% |
| 2015-12-31 | CN¥2.32 Billion ≈ $339.49 Million |
+50.95% |
| 2014-12-31 | CN¥1.54 Billion ≈ $224.91 Million |
+79.93% |
| 2013-12-31 | CN¥854.18 Million ≈ $124.99 Million |
+211.42% |
| 2012-12-31 | CN¥-766.66 Million ≈ $-112.19 Million |
-9.86% |
| 2011-12-31 | CN¥-697.86 Million ≈ $-102.12 Million |
-68.13% |
| 2010-12-31 | CN¥-415.08 Million ≈ $-60.74 Million |
+6.48% |
| 2009-12-31 | CN¥-443.87 Million ≈ $-64.95 Million |
-153.37% |
| 2008-12-31 | CN¥831.74 Million ≈ $121.71 Million |
-28.57% |
| 2007-12-31 | CN¥1.16 Billion ≈ $170.39 Million |
+1.01% |
| 2006-12-31 | CN¥1.15 Billion ≈ $168.69 Million |
-11.07% |
| 2005-12-31 | CN¥1.30 Billion ≈ $189.69 Million |
+1.74% |
| 2004-12-31 | CN¥1.27 Billion ≈ $186.45 Million |
-0.98% |
| 2003-12-31 | CN¥1.29 Billion ≈ $188.30 Million |
+6.37% |
| 2002-12-31 | CN¥1.21 Billion ≈ $177.03 Million |
+98.14% |
| 2001-12-31 | CN¥610.58 Million ≈ $89.35 Million |
+11.75% |
| 2000-12-31 | CN¥546.37 Million ≈ $79.95 Million |
+6.71% |
| 1999-12-31 | CN¥512.04 Million ≈ $74.93 Million |
+159.05% |
| 1998-12-31 | CN¥197.66 Million ≈ $28.92 Million |
+17.13% |
| 1997-12-31 | CN¥168.75 Million ≈ $24.69 Million |
+1.56% |
| 1996-12-31 | CN¥166.17 Million ≈ $24.32 Million |
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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 1738765144956.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥17.39 Billion | 39.35% |
| Other Components | CN¥26.80 Billion | 60.65% |
| Total Equity | CN¥44.19 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 |
|---|---|
|
Ovintiv Inc
NYSE:OVV
|
$14.85 Billion |
|
True Corporation Public Company Limited
BK:TRUE
|
$14.86 Billion |
|
Tenet Healthcare Corporation
NYSE:THC
|
$14.86 Billion |
|
Yum China Holdings Inc
NYSE:YUMC
|
$14.87 Billion |
|
Omv Petrom S.A
RO:SNP
|
$14.79 Billion |
|
Performance Food Group Co
NYSE:PFGC
|
$14.78 Billion |
|
JULIUS BAER GRP. ADR/1/5
F:JGE1
|
$14.77 Billion |
|
First Financial Holding Co Ltd
TW:2892
|
$14.77 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 2024 to 2025, total equity changed from 19,989,658,092 to 44,190,226,852, a change of 24,200,568,760 (121.1%).
- Net income of 3,293,158,248 contributed positively to equity growth.
- Dividend payments of 2,900,987,476 reduced retained earnings.
- Other factors increased equity by 23,808,397,987.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.29 Billion | +7.45% |
| Dividends Paid | CN¥2.90 Billion | -6.56% |
| Other Changes | CN¥23.81 Billion | +53.88% |
| Total Change | CN¥- | 121.07% |
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: 0.71x
- 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.
- The price-to-book ratio has decreased from 24.75x to 0.71x 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¥5.82 | x |
| 1997-12-31 | CN¥0.24 | CN¥5.82 | x |
| 1998-12-31 | CN¥0.28 | CN¥5.82 | x |
| 1999-12-31 | CN¥0.69 | CN¥5.82 | x |
| 2000-12-31 | CN¥0.74 | CN¥5.82 | x |
| 2001-12-31 | CN¥0.83 | CN¥5.82 | x |
| 2002-12-31 | CN¥1.71 | CN¥5.82 | x |
| 2003-12-31 | CN¥1.79 | CN¥5.82 | x |
| 2004-12-31 | CN¥1.78 | CN¥5.82 | x |
| 2005-12-31 | CN¥1.77 | CN¥5.82 | x |
| 2006-12-31 | CN¥1.68 | CN¥5.82 | x |
| 2007-12-31 | CN¥1.87 | CN¥5.82 | x |
| 2008-12-31 | CN¥1.34 | CN¥5.82 | x |
| 2009-12-31 | CN¥-0.74 | CN¥5.82 | x |
| 2010-12-31 | CN¥-0.67 | CN¥5.82 | x |
| 2011-12-31 | CN¥-1.14 | CN¥5.82 | x |
| 2012-12-31 | CN¥-1.26 | CN¥5.82 | x |
| 2013-12-31 | CN¥1.47 | CN¥5.82 | x |
| 2014-12-31 | CN¥1.59 | CN¥5.82 | x |
| 2015-12-31 | CN¥2.11 | CN¥5.82 | x |
| 2016-12-31 | CN¥2.38 | CN¥5.82 | x |
| 2017-12-31 | CN¥2.60 | CN¥5.82 | x |
| 2018-12-31 | CN¥2.80 | CN¥5.82 | x |
| 2019-12-31 | CN¥2.85 | CN¥5.82 | x |
| 2020-12-31 | CN¥3.08 | CN¥5.82 | x |
| 2021-12-31 | CN¥3.26 | CN¥5.82 | x |
| 2022-12-31 | CN¥3.43 | CN¥5.82 | x |
| 2023-12-31 | CN¥3.59 | CN¥5.82 | x |
| 2024-12-31 | CN¥3.71 | CN¥5.82 | x |
| 2025-12-31 | CN¥8.21 | CN¥5.82 | 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): 7.45%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.42%
- • Asset Turnover: 0.09x
- • Equity Multiplier: 3.15x
- Recent ROE (7.45%) is below the historical average (8.42%), 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 | 20.25% | 23.52% | 0.31x | 2.81x | CN¥20.27 Million |
| 1999 | 9.49% | 20.65% | 0.20x | 2.29x | CN¥-2.50 Million |
| 2000 | 9.28% | 16.08% | 0.24x | 2.41x | CN¥-3.77 Million |
| 2001 | 13.11% | 16.65% | 0.31x | 2.50x | CN¥18.21 Million |
| 2002 | 5.80% | 16.38% | 0.21x | 1.72x | CN¥-50.78 Million |
| 2003 | 6.03% | 14.72% | 0.22x | 1.88x | CN¥-50.16 Million |
| 2004 | 1.42% | 2.72% | 0.23x | 2.31x | CN¥-107.77 Million |
| 2005 | 0.76% | 0.93% | 0.30x | 2.72x | CN¥-115.84 Million |
| 2006 | -0.31% | -0.33% | 0.33x | 2.80x | CN¥-114.69 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¥-1.22 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 | 77.95% | 90.45% | 0.26x | 3.28x | CN¥597.45 Million |
| 2014 | 24.87% | 14.37% | 0.50x | 3.46x | CN¥229.63 Million |
| 2015 | 19.15% | 17.39% | 0.48x | 2.28x | CN¥212.82 Million |
| 2016 | 10.72% | 11.33% | 0.46x | 2.05x | CN¥19.11 Million |
| 2017 | 3.85% | 4.05% | 0.31x | 3.03x | CN¥-171.47 Million |
| 2018 | 5.92% | 7.31% | 0.16x | 4.98x | CN¥-615.04 Million |
| 2019 | 8.69% | 11.60% | 0.14x | 5.19x | CN¥-200.58 Million |
| 2020 | 7.65% | 9.51% | 0.15x | 5.52x | CN¥-389.71 Million |
| 2021 | 7.44% | 14.74% | 0.19x | 2.69x | CN¥-449.67 Million |
| 2022 | 5.43% | 16.38% | 0.13x | 2.50x | CN¥-844.24 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 |
| 2025 | 7.45% | 26.42% | 0.09x | 3.15x | CN¥-1.13 Billion |
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: $6,554,528,453
- Average return on equity (ROE) among peers: 5.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| SPIC Dongfang New Energy Corp (000958) | CN¥56.65 Billion | 15.47% | 1.51x | $14.80 Billion |
| Shenzhen Energy Group Co Ltd (000027) | $13.68 Billion | 7.56% | 1.15x | $4.79 Billion |
| Shenzhen Nanshan Power Co Ltd (000037) | $582.94 Million | 16.76% | 0.70x | $514.28 Million |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $7.25 Billion | 2.30% | 1.62x | $982.91 Million |
| An Hui Wenergy Co Ltd (000543) | $13.10 Billion | 8.81% | 0.74x | $2.66 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $13.46 Billion | 3.21% | 1.37x | $2.59 Billion |
| Guangdong Shaoneng Group Co Ltd (000601) | $5.03 Billion | 0.53% | 1.58x | $1.03 Billion |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $331.39 Million | 1.62% | 2.09x | $480.54 Million |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $8.06 Billion | 3.96% | 5.25x | $2.07 Billion |
| Jilin Power Share Co Ltd (000875) | $2.55 Billion | 0.53% | 4.59x | $2.90 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $1.51 Billion | 5.26% | 0.10x | $1.54 Billion |
About SPIC Dongfang New Energy Corp
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