CHN Energy Changyuan Electric Power Co Ltd

SHE:000966 China Utilities - Regulated Electric
Market Cap
$2.28 Billion
CN¥16.74 Billion CNY
Market Cap Rank
#8396 Global
#1583 in China
Share Price
CN¥4.81
Change (1 day)
+0.21%
52-Week Range
CN¥4.24 - CN¥5.94
All Time High
CN¥13.48
Categories
Companies in China Utilities - Regulated Electric
About

CHN Energy Changyuan Electric Power Co.,Ltd. engages in the production and sale of electricity and heat in China. It generates electricity through thermal, photovoltaic, hydro, wind, and biomass sources, as well as provides technical and training services. The company was formerly known as Guodian Changyuan Electric Power Co., Ltd. and changed its name to CHN Energy Changyuan Electric Power Co.,L… Read more

CHN Energy Changyuan Electric Power Co Ltd (000966) - Net Assets

Latest net assets as of September 2025: CN¥14.14 Billion CNY

Based on the latest financial reports, CHN Energy Changyuan Electric Power Co Ltd (000966) has net assets worth CN¥14.14 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¥40.73 Billion) and total liabilities (CN¥26.59 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¥14.14 Billion
% of Total Assets 34.73%
Annual Growth Rate 13.63%
5-Year Change 217.92%
10-Year Change 305.92%
Growth Volatility 34.29

CHN Energy Changyuan Electric Power Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how CHN Energy Changyuan Electric Power 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 CHN Energy Changyuan Electric Power Co Ltd (1997–2024)

The table below shows the annual net assets of CHN Energy Changyuan Electric Power Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥13.96 Billion +35.65%
2023-12-31 CN¥10.29 Billion +4.48%
2022-12-31 CN¥9.85 Billion +3.28%
2021-12-31 CN¥9.54 Billion +117.21%
2020-12-31 CN¥4.39 Billion -0.60%
2019-12-31 CN¥4.42 Billion +23.95%
2018-12-31 CN¥3.56 Billion +4.49%
2017-12-31 CN¥3.41 Billion -6.46%
2016-12-31 CN¥3.65 Billion +6.03%
2015-12-31 CN¥3.44 Billion +35.99%
2014-12-31 CN¥2.53 Billion +14.28%
2013-12-31 CN¥2.21 Billion +19.05%
2012-12-31 CN¥1.86 Billion +6.68%
2011-12-31 CN¥1.74 Billion -4.72%
2010-12-31 CN¥1.83 Billion -11.56%
2009-12-31 CN¥2.07 Billion +10.51%
2008-12-31 CN¥1.87 Billion -41.74%
2007-12-31 CN¥3.21 Billion +92.43%
2006-12-31 CN¥1.67 Billion +2.00%
2005-12-31 CN¥1.64 Billion +38.66%
2004-12-31 CN¥1.18 Billion +9.22%
2003-12-31 CN¥1.08 Billion +2.66%
2002-12-31 CN¥1.05 Billion +7.47%
2001-12-31 CN¥979.38 Million -1.11%
2000-12-31 CN¥990.35 Million +102.01%
1999-12-31 CN¥490.25 Million +5.34%
1998-12-31 CN¥465.39 Million +5.00%
1997-12-31 CN¥443.21 Million --

Equity Component Analysis

This analysis shows how different components contribute to CHN Energy Changyuan 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 grown by 8477.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥4.29 Billion 31.49%
Common Stock CN¥3.48 Billion 25.58%
Other Components CN¥5.84 Billion 42.93%
Total Equity CN¥13.61 Billion 100.00%

CHN Energy Changyuan Electric Power Co Ltd Competitors by Market Cap

The table below lists competitors of CHN Energy Changyuan Electric Power Co Ltd ranked by their market capitalization.

Company Market Cap
Jiangxi GETO New Materials Corporation Limited
SHE:300986
 		$766.69 Million
Airoha Technology Corp
TW:6526
 		$767.02 Million
Nextdecade Corp
NASDAQ:NEXT
 		$767.35 Million
Pantoro Gold Ltd
AU:PNR
 		$767.69 Million
Electricity Generating Public Company Limited
BK:EGCO
 		$766.57 Million
Huafa Industrial Co Ltd Zhuhai
SHG:600325
 		$766.19 Million
Jiangsu Huahong Technology Co Ltd
SHE:002645
 		$766.06 Million
GEPIC Energy Development Co Ltd
SHE:000791
 		$765.93 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 9,954,787,000 to 13,607,442,805, a change of 3,652,655,805 (36.7%).
  • Net income of 715,222,474 contributed positively to equity growth.
  • Dividend payments of 693,592,872 reduced retained earnings.
  • Other comprehensive income decreased equity by 513,303,159.
  • Other factors increased equity by 4,144,329,362.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥715.22 Million +5.26%
Dividends Paid CN¥693.59 Million -5.1%
Other Comprehensive Income CN¥-513.30 Million -3.77%
Other Changes CN¥4.14 Billion +30.46%
Total Change CN¥- 36.69%

Book Value vs Market Value Analysis

This analysis compares CHN Energy Changyuan 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: 0.99x
  • 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 13.92x to 0.99x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1997-12-31 CN¥0.35 CN¥4.81 x
1998-12-31 CN¥0.36 CN¥4.81 x
1999-12-31 CN¥0.38 CN¥4.81 x
2000-12-31 CN¥1.03 CN¥4.81 x
2001-12-31 CN¥1.01 CN¥4.81 x
2002-12-31 CN¥1.01 CN¥4.81 x
2003-12-31 CN¥1.06 CN¥4.81 x
2004-12-31 CN¥1.09 CN¥4.81 x
2005-12-31 CN¥0.99 CN¥4.81 x
2006-12-31 CN¥1.17 CN¥4.81 x
2007-12-31 CN¥2.57 CN¥4.81 x
2008-12-31 CN¥1.28 CN¥4.81 x
2009-12-31 CN¥1.34 CN¥4.81 x
2010-12-31 CN¥1.08 CN¥4.81 x
2011-12-31 CN¥1.17 CN¥4.81 x
2012-12-31 CN¥1.24 CN¥4.81 x
2013-12-31 CN¥1.50 CN¥4.81 x
2014-12-31 CN¥2.06 CN¥4.81 x
2015-12-31 CN¥2.90 CN¥4.81 x
2016-12-31 CN¥3.14 CN¥4.81 x
2017-12-31 CN¥2.93 CN¥4.81 x
2018-12-31 CN¥3.06 CN¥4.81 x
2019-12-31 CN¥3.76 CN¥4.81 x
2020-12-31 CN¥3.75 CN¥4.81 x
2021-12-31 CN¥3.69 CN¥4.81 x
2022-12-31 CN¥3.49 CN¥4.81 x
2023-12-31 CN¥3.62 CN¥4.81 x
2024-12-31 CN¥4.84 CN¥4.81 x

Capital Efficiency Dashboard

This dashboard shows how efficiently CHN Energy Changyuan 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): 5.26%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 4.11%
  • • Asset Turnover: 0.43x
  • • Equity Multiplier: 2.97x
  • Recent ROE (5.26%) is below the historical average (6.10%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 23.15% 10.34% 0.35x 6.41x CN¥37.65 Million
1998 20.01% 9.64% 0.33x 6.32x CN¥29.48 Million
1999 19.39% 9.72% 0.35x 5.72x CN¥29.65 Million
2000 9.49% 11.99% 0.32x 2.51x CN¥-4.36 Million
2001 5.53% 5.27% 0.42x 2.48x CN¥-37.45 Million
2002 4.36% 3.96% 0.39x 2.83x CN¥-47.16 Million
2003 6.17% 5.20% 0.39x 3.06x CN¥-33.54 Million
2004 7.74% 5.79% 0.30x 4.43x CN¥-20.36 Million
2005 -5.16% -1.71% 0.33x 9.19x CN¥-124.42 Million
2006 7.02% 2.01% 0.34x 10.36x CN¥-26.49 Million
2007 2.14% 0.95% 0.39x 5.78x CN¥-160.66 Million
2008 -59.02% -18.68% 0.34x 9.18x CN¥-976.92 Million
2009 3.60% 0.91% 0.39x 10.01x CN¥-94.85 Million
2010 -26.12% -4.29% 0.48x 12.68x CN¥-431.29 Million
2011 7.62% 1.24% 0.55x 11.19x CN¥-30.80 Million
2012 6.15% 1.18% 0.58x 8.99x CN¥-52.88 Million
2013 17.55% 3.86% 0.68x 6.69x CN¥125.84 Million
2014 30.26% 10.46% 0.63x 4.56x CN¥462.16 Million
2015 29.59% 15.56% 0.64x 2.98x CN¥630.46 Million
2016 11.47% 7.42% 0.59x 2.64x CN¥51.08 Million
2017 -3.75% -2.22% 0.58x 2.88x CN¥-445.90 Million
2018 6.15% 3.18% 0.70x 2.76x CN¥-130.60 Million
2019 13.74% 7.78% 0.76x 2.34x CN¥156.03 Million
2020 24.07% 9.94% 1.04x 2.33x CN¥585.41 Million
2021 -0.27% -0.21% 0.52x 2.47x CN¥-970.10 Million
2022 1.28% 0.84% 0.48x 3.21x CN¥-836.58 Million
2023 3.51% 2.41% 0.38x 3.78x CN¥-646.42 Million
2024 5.26% 4.11% 0.43x 2.97x CN¥-645.52 Million

Industry Comparison

This section compares CHN Energy Changyuan 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: $2,914,861,497
  • Average return on equity (ROE) among peers: 6.69%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
CHN Energy Changyuan Electric Power Co Ltd (000966) CN¥14.14 Billion 23.15% 1.88x $766.62 Million
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