CHN Energy Changyuan Electric Power Co Ltd (000966) - Net Assets
Based on the latest financial reports, CHN Energy Changyuan Electric Power Co Ltd (000966) has net assets worth CN¥14.14 Billion CNY (≈ $2.07 Billion 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¥40.73 Billion ≈ $5.96 Billion USD) and total liabilities (CN¥26.59 Billion ≈ $3.89 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 CHN Energy Changyuan Electric Power Co L liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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 | 47.09% |
| 10-Year Change | 305.92% |
| Growth Volatility | 33.66 |
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. Also explore CHN Energy Changyuan Electric Power Co L assets under control for the complete picture of this company's asset base.
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. For live valuation and market cap data, see CHN Energy Changyuan Electric Power Co L market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥13.96 Billion ≈ $2.04 Billion |
+35.65% |
| 2023-12-31 | CN¥10.29 Billion ≈ $1.51 Billion |
+4.48% |
| 2022-12-31 | CN¥9.85 Billion ≈ $1.44 Billion |
+3.28% |
| 2021-12-31 | CN¥9.54 Billion ≈ $1.40 Billion |
+0.50% |
| 2020-12-31 | CN¥9.49 Billion ≈ $1.39 Billion |
+114.85% |
| 2019-12-31 | CN¥4.42 Billion ≈ $646.59 Million |
+20.97% |
| 2018-12-31 | CN¥3.65 Billion ≈ $534.53 Million |
+7.07% |
| 2017-12-31 | CN¥3.41 Billion ≈ $499.25 Million |
-6.46% |
| 2016-12-31 | CN¥3.65 Billion ≈ $533.72 Million |
+6.03% |
| 2015-12-31 | CN¥3.44 Billion ≈ $503.37 Million |
+35.99% |
| 2014-12-31 | CN¥2.53 Billion ≈ $370.15 Million |
+14.28% |
| 2013-12-31 | CN¥2.21 Billion ≈ $323.89 Million |
+19.05% |
| 2012-12-31 | CN¥1.86 Billion ≈ $272.05 Million |
+6.68% |
| 2011-12-31 | CN¥1.74 Billion ≈ $255.01 Million |
-4.72% |
| 2010-12-31 | CN¥1.83 Billion ≈ $267.66 Million |
-12.06% |
| 2009-12-31 | CN¥2.08 Billion ≈ $304.37 Million |
+11.14% |
| 2008-12-31 | CN¥1.87 Billion ≈ $273.87 Million |
-41.74% |
| 2007-12-31 | CN¥3.21 Billion ≈ $470.06 Million |
+90.70% |
| 2006-12-31 | CN¥1.68 Billion ≈ $246.50 Million |
+3.22% |
| 2005-12-31 | CN¥1.63 Billion ≈ $238.81 Million |
+38.27% |
| 2004-12-31 | CN¥1.18 Billion ≈ $172.71 Million |
+9.22% |
| 2003-12-31 | CN¥1.08 Billion ≈ $158.13 Million |
+2.39% |
| 2002-12-31 | CN¥1.06 Billion ≈ $154.43 Million |
+1.81% |
| 2001-12-31 | CN¥1.04 Billion ≈ $151.69 Million |
+5.37% |
| 2000-12-31 | CN¥983.78 Million ≈ $143.96 Million |
+100.67% |
| 1999-12-31 | CN¥490.25 Million ≈ $71.74 Million |
+5.34% |
| 1998-12-31 | CN¥465.39 Million ≈ $68.10 Million |
+5.00% |
| 1997-12-31 | CN¥443.21 Million ≈ $64.86 Million |
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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 |
|---|---|
|
African Rainbow Minerals Ltd
JSE:ARI
|
$2.32 Billion |
|
Banco do Nordeste do Brasil S.A
SA:BNBR3
|
$2.32 Billion |
|
Eastern Communications Co Ltd A
SHG:600776
|
$2.33 Billion |
|
Tokai Carbon Korea Co. Ltd
KQ:064760
|
$2.33 Billion |
|
Foran Energy Group Co Ltd
SHE:002911
|
$2.32 Billion |
|
Central Puerto S.A.
BA:CEPU
|
$2.32 Billion |
|
Knowles Cor
NYSE:KN
|
$2.32 Billion |
|
Sichuan Swellfun Co Ltd
SHG:600779
|
$2.32 Billion |
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 9,954,786,999 to 13,607,442,805, a change of 3,652,655,806 (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 4,144,329,363.
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: 0.94x
- 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 13.20x to 0.94x 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¥4.56 | x |
| 1998-12-31 | CN¥0.36 | CN¥4.56 | x |
| 1999-12-31 | CN¥0.38 | CN¥4.56 | x |
| 2000-12-31 | CN¥1.02 | CN¥4.56 | x |
| 2001-12-31 | CN¥1.01 | CN¥4.56 | x |
| 2002-12-31 | CN¥1.01 | CN¥4.56 | x |
| 2003-12-31 | CN¥1.06 | CN¥4.56 | x |
| 2004-12-31 | CN¥1.09 | CN¥4.56 | x |
| 2005-12-31 | CN¥0.99 | CN¥4.56 | x |
| 2006-12-31 | CN¥1.19 | CN¥4.56 | x |
| 2007-12-31 | CN¥2.57 | CN¥4.56 | x |
| 2008-12-31 | CN¥1.28 | CN¥4.56 | x |
| 2009-12-31 | CN¥1.35 | CN¥4.56 | x |
| 2010-12-31 | CN¥1.08 | CN¥4.56 | x |
| 2011-12-31 | CN¥1.17 | CN¥4.56 | x |
| 2012-12-31 | CN¥1.24 | CN¥4.56 | x |
| 2013-12-31 | CN¥1.50 | CN¥4.56 | x |
| 2014-12-31 | CN¥2.06 | CN¥4.56 | x |
| 2015-12-31 | CN¥2.90 | CN¥4.56 | x |
| 2016-12-31 | CN¥3.14 | CN¥4.56 | x |
| 2017-12-31 | CN¥2.93 | CN¥4.56 | x |
| 2018-12-31 | CN¥3.14 | CN¥4.56 | x |
| 2019-12-31 | CN¥3.76 | CN¥4.56 | x |
| 2020-12-31 | CN¥3.68 | CN¥4.56 | x |
| 2021-12-31 | CN¥3.69 | CN¥4.56 | x |
| 2022-12-31 | CN¥3.49 | CN¥4.56 | x |
| 2023-12-31 | CN¥3.62 | CN¥4.56 | x |
| 2024-12-31 | CN¥4.84 | CN¥4.56 | 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 (5.62%), 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 | 9.55% | 11.99% | 0.32x | 2.52x | CN¥-3.76 Million |
| 2001 | 5.55% | 5.27% | 0.38x | 2.79x | CN¥-37.26 Million |
| 2002 | 4.33% | 3.96% | 0.38x | 2.89x | CN¥-47.65 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 | -5.17% | -1.71% | 0.33x | 9.23x | CN¥-124.22 Million |
| 2006 | 6.94% | 2.01% | 0.34x | 10.24x | CN¥-27.55 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 | 3.57% | 0.91% | 0.39x | 9.94x | CN¥-96.03 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 | 6.70x | 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 | 5.99% | 3.18% | 0.69x | 2.72x | CN¥-139.45 Million |
| 2019 | 13.74% | 7.78% | 0.76x | 2.34x | CN¥156.03 Million |
| 2020 | 10.67% | 9.94% | 0.49x | 2.21x | CN¥62.51 Million |
| 2021 | -0.27% | -0.21% | 0.52x | 2.47x | CN¥-970.10 Million |
| 2022 | 1.28% | 0.84% | 0.48x | 3.21x | CN¥-836.59 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: $3,261,420,948
- Average return on equity (ROE) among peers: 12.07%
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 | $2.32 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 |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $10.75 Billion | 0.30% | 4.45x | $1.70 Billion |
| 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 CHN Energy Changyuan Electric Power Co Ltd
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