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

Latest as of March 2026: CN¥13.77 Billion CNY ≈ $2.01 Billion USD

Based on the latest financial reports, CHN Energy Changyuan Electric Power Co Ltd (000966) has net assets worth CN¥13.77 Billion CNY (≈ $2.01 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¥41.25 Billion ≈ $6.04 Billion USD) and total liabilities (CN¥27.48 Billion ≈ $4.02 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 tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥13.77 Billion
% of Total Assets	33.37%
Annual Growth Rate	13.02%
5-Year Change	42.95%
10-Year Change	273.92%
Growth Volatility	33.26

CHN Energy Changyuan Electric Power Co Ltd - Net Assets Trend (1997–2025)

This chart illustrates how CHN Energy Changyuan Electric Power Co Ltd's net assets have evolved over time, based on quarterly financial data. See CHN Energy Changyuan Electric Power Co L defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for CHN Energy Changyuan Electric Power Co Ltd (1997–2025)

The table below shows the annual net assets of CHN Energy Changyuan Electric Power Co Ltd from 1997 to 2025. For live valuation and market cap data, see CHN Energy Changyuan Electric Power Co L market cap and net worth.

Year	Net Assets	Change
2025-12-31	CN¥13.64 Billion ≈ $2.00 Billion	-2.33%
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	--

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 7763.4% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥3.93 Billion	29.49%
Other Components	CN¥9.39 Billion	70.51%
Total Equity	CN¥13.32 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
TXC Corp TW:3042	$2.40 Billion
Qingdao Rural Commercial Bank Corp Class A SHE:002958	$2.41 Billion
Qi An Xin Technology Group Inc SHG:688561	$2.41 Billion
Tenable Holdings Inc NASDAQ:TENB	$2.41 Billion
LG Household & Healthcare KO:051900	$2.40 Billion
AviChina Industry & Technology Company Limited F:AVT	$2.40 Billion
Inventrust Properties Corp NYSE:IVT	$2.40 Billion
Kalpataru Projects International Ltd. NSE:KPIL	$2.40 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 2024 to 2025, total equity changed from 13,607,442,805 to 13,320,801,399, a change of -286,641,406 (-2.1%).
Net loss of 66,166,082 reduced equity.
Dividend payments of 726,726,615 reduced retained earnings.
Other factors increased equity by 506,251,291.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-66.17 Million	-0.5%
Dividends Paid	CN¥726.73 Million	-5.46%
Other Changes	CN¥506.25 Million	+3.8%
Total Change	CN¥-	-2.11%

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: 1.23x
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 13.66x to 1.23x 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¥4.72	x
1998-12-31	CN¥0.36	CN¥4.72	x
1999-12-31	CN¥0.38	CN¥4.72	x
2000-12-31	CN¥1.02	CN¥4.72	x
2001-12-31	CN¥1.01	CN¥4.72	x
2002-12-31	CN¥1.01	CN¥4.72	x
2003-12-31	CN¥1.06	CN¥4.72	x
2004-12-31	CN¥1.09	CN¥4.72	x
2005-12-31	CN¥0.99	CN¥4.72	x
2006-12-31	CN¥1.19	CN¥4.72	x
2007-12-31	CN¥2.57	CN¥4.72	x
2008-12-31	CN¥1.28	CN¥4.72	x
2009-12-31	CN¥1.35	CN¥4.72	x
2010-12-31	CN¥1.08	CN¥4.72	x
2011-12-31	CN¥1.17	CN¥4.72	x
2012-12-31	CN¥1.24	CN¥4.72	x
2013-12-31	CN¥1.50	CN¥4.72	x
2014-12-31	CN¥2.06	CN¥4.72	x
2015-12-31	CN¥2.90	CN¥4.72	x
2016-12-31	CN¥3.14	CN¥4.72	x
2017-12-31	CN¥2.93	CN¥4.72	x
2018-12-31	CN¥3.14	CN¥4.72	x
2019-12-31	CN¥3.76	CN¥4.72	x
2020-12-31	CN¥3.68	CN¥4.72	x
2021-12-31	CN¥3.69	CN¥4.72	x
2022-12-31	CN¥3.49	CN¥4.72	x
2023-12-31	CN¥3.62	CN¥4.72	x
2024-12-31	CN¥4.84	CN¥4.72	x
2025-12-31	CN¥3.83	CN¥4.72	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): -0.50%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -0.49%
• Asset Turnover: 0.33x
• Equity Multiplier: 3.09x
Recent ROE (-0.50%) is below the historical average (5.41%), 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
2025	-0.50%	-0.49%	0.33x	3.09x	CN¥-1.40 Billion

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: $6,417,799,809
Average return on equity (ROE) among peers: 6.31%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
CHN Energy Changyuan Electric Power Co Ltd (000966)	CN¥13.77 Billion	23.15%	2.00x	$2.40 Billion
Shenzhen Energy Group Co Ltd (000027)	$17.55 Billion	5.50%	0.84x	$5.01 Billion
Shenzhen Nanshan Power Co Ltd (000037)	$1.78 Billion	9.06%	0.30x	$557.92 Million
Guangzhou Hengyun Enterprises Holding Ltd (000531)	$838.58 Million	7.07%	0.72x	$1.03 Billion
An Hui Wenergy Co Ltd (000543)	$3.11 Billion	7.12%	0.36x	$2.88 Billion
Jointo Energy Investment Co Ltd Hebei (000600)	$13.46 Billion	3.21%	1.37x	$2.71 Billion
Guangdong Shaoneng Group Co Ltd (000601)	$3.37 Billion	4.07%	1.52x	$1.05 Billion
Tianjin Binhai Energy & Development Co Ltd (000695)	$487.45 Million	2.00%	2.54x	$440.19 Million
Shanxi Zhangze Electric Power Co Ltd (000767)	$2.16 Billion	18.80%	2.47x	$2.09 Billion
Jilin Power Share Co Ltd (000875)	$19.94 Billion	3.38%	2.59x	$3.20 Billion
Jiangxi Ganneng Co Ltd (000899)	$1.50 Billion	2.89%	0.15x	$1.89 Billion

About CHN Energy Changyuan Electric Power Co Ltd

SHE:000966 China Utilities - Regulated Electric

Market Cap

$2.40 Billion

CN¥16.43 Billion CNY

Market Cap Rank

#5658 Global

#1094 in China

Share Price

CN¥4.72

Change (1 day)

+0.21%

52-Week Range

CN¥4.24 - CN¥5.87

All Time High

CN¥13.48