Shanxi Xishan Coal and Electricity Power Co Ltd (000983) - Net Assets
Based on the latest financial reports, Shanxi Xishan Coal and Electricity Power Co Ltd (000983) has net assets worth CN¥48.05 Billion CNY (≈ $7.03 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¥109.25 Billion ≈ $15.99 Billion USD) and total liabilities (CN¥61.21 Billion ≈ $8.96 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. Also explore balance sheet size of Shanxi Xishan Coal and Electricity Power for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥48.05 Billion |
| % of Total Assets | 43.98% |
| Annual Growth Rate | 17.5% |
| 5-Year Change | 35.36% |
| 10-Year Change | 140.91% |
| Growth Volatility | 48.12 |
Shanxi Xishan Coal and Electricity Power Co Ltd - Net Assets Trend (1997–2025)
This chart illustrates how Shanxi Xishan Coal and Electricity Power Co Ltd's net assets have evolved over time, based on quarterly financial data. Check tangible equity quality of Shanxi Xishan Coal and Electricity Power to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Shanxi Xishan Coal and Electricity Power Co Ltd (1997–2025)
The table below shows the annual net assets of Shanxi Xishan Coal and Electricity Power Co Ltd from 1997 to 2025. For live valuation and market cap data, see Shanxi Xishan Coal and Electricity Power stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥46.69 Billion ≈ $6.83 Billion |
-0.39% |
| 2024-12-31 | CN¥46.87 Billion ≈ $6.86 Billion |
-2.84% |
| 2023-12-31 | CN¥48.24 Billion ≈ $7.06 Billion |
+11.54% |
| 2022-12-31 | CN¥43.25 Billion ≈ $6.33 Billion |
+25.40% |
| 2021-12-31 | CN¥34.49 Billion ≈ $5.05 Billion |
+58.67% |
| 2020-12-31 | CN¥21.74 Billion ≈ $3.18 Billion |
-19.10% |
| 2019-12-31 | CN¥26.87 Billion ≈ $3.93 Billion |
+14.77% |
| 2018-12-31 | CN¥23.41 Billion ≈ $3.43 Billion |
+10.47% |
| 2017-12-31 | CN¥21.19 Billion ≈ $3.10 Billion |
+9.35% |
| 2016-12-31 | CN¥19.38 Billion ≈ $2.84 Billion |
+2.09% |
| 2015-12-31 | CN¥18.98 Billion ≈ $2.78 Billion |
+1.48% |
| 2014-12-31 | CN¥18.71 Billion ≈ $2.74 Billion |
-0.58% |
| 2013-12-31 | CN¥18.82 Billion ≈ $2.75 Billion |
+6.89% |
| 2012-12-31 | CN¥17.60 Billion ≈ $2.58 Billion |
+6.47% |
| 2011-12-31 | CN¥16.53 Billion ≈ $2.42 Billion |
+17.32% |
| 2010-12-31 | CN¥14.09 Billion ≈ $2.06 Billion |
+24.53% |
| 2009-12-31 | CN¥11.32 Billion ≈ $1.66 Billion |
+15.38% |
| 2008-12-31 | CN¥9.81 Billion ≈ $1.44 Billion |
+41.87% |
| 2007-12-31 | CN¥6.91 Billion ≈ $1.01 Billion |
+25.71% |
| 2006-12-31 | CN¥5.50 Billion ≈ $804.79 Million |
+12.63% |
| 2005-12-31 | CN¥4.88 Billion ≈ $714.57 Million |
+20.72% |
| 2004-12-31 | CN¥4.05 Billion ≈ $591.91 Million |
+16.70% |
| 2003-12-31 | CN¥3.47 Billion ≈ $507.23 Million |
+12.03% |
| 2002-12-31 | CN¥3.09 Billion ≈ $452.78 Million |
+4.33% |
| 2001-12-31 | CN¥2.97 Billion ≈ $434.00 Million |
+6.09% |
| 2000-12-31 | CN¥2.80 Billion ≈ $409.08 Million |
+258.34% |
| 1999-12-31 | CN¥780.13 Million ≈ $114.16 Million |
+51.48% |
| 1998-12-31 | CN¥514.99 Million ≈ $75.36 Million |
+0.73% |
| 1997-12-31 | CN¥511.29 Million ≈ $74.82 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanxi Xishan Coal and Electricity 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 2018843369171.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥20.19 Billion | 56.22% |
| Other Components | CN¥15.72 Billion | 43.78% |
| Total Equity | CN¥35.91 Billion | 100.00% |
Shanxi Xishan Coal and Electricity Power Co Ltd Competitors by Market Cap
The table below lists competitors of Shanxi Xishan Coal and Electricity Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
CD PROJEKT (UNSP.ADR)1/4
F:7CD0
|
$5.43 Billion |
|
REINET INVESTMENTS S.C.A.
F:RNT
|
$5.43 Billion |
|
Coca-Cola FEMSA S.A.B. de C.V
MX:KOFUBL
|
$5.43 Billion |
|
Anhui Gujing Distillery Co Ltd
SHE:000596
|
$5.43 Billion |
|
Janus Living, Inc.
NYSE:JAN
|
$5.42 Billion |
|
Gerdau SA ADR
NYSE:GGB
|
$5.42 Billion |
|
Axfood AB
ST:AXFO
|
$5.42 Billion |
|
Bachem Holding AG
SW:BANB
|
$5.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanxi Xishan Coal and Electricity Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 36,239,270,000 to 35,907,564,550, a change of -331,705,450 (-0.9%).
- Net income of 1,200,774,989 contributed positively to equity growth.
- Dividend payments of 2,170,641,293 reduced retained earnings.
- Other comprehensive income decreased equity by 1,144,441,000.
- Other factors increased equity by 1,782,601,854.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥1.20 Billion | +3.34% |
| Dividends Paid | CN¥2.17 Billion | -6.05% |
| Other Comprehensive Income | CN¥-1.14 Billion | -3.19% |
| Other Changes | CN¥1.78 Billion | +4.96% |
| Total Change | CN¥- | -0.92% |
Book Value vs Market Value Analysis
This analysis compares Shanxi Xishan Coal and Electricity 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: 1.03x
- 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 40.25x to 1.03x 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¥0.16 | CN¥6.53 | x |
| 1998-12-31 | CN¥0.16 | CN¥6.53 | x |
| 1999-12-31 | CN¥0.25 | CN¥6.53 | x |
| 2000-12-31 | CN¥0.89 | CN¥6.53 | x |
| 2001-12-31 | CN¥0.94 | CN¥6.53 | x |
| 2002-12-31 | CN¥0.98 | CN¥6.53 | x |
| 2003-12-31 | CN¥1.05 | CN¥6.53 | x |
| 2004-12-31 | CN¥1.22 | CN¥6.53 | x |
| 2005-12-31 | CN¥1.46 | CN¥6.53 | x |
| 2006-12-31 | CN¥1.64 | CN¥6.53 | x |
| 2007-12-31 | CN¥2.03 | CN¥6.53 | x |
| 2008-12-31 | CN¥2.76 | CN¥6.53 | x |
| 2009-12-31 | CN¥2.46 | CN¥6.53 | x |
| 2010-12-31 | CN¥3.09 | CN¥6.53 | x |
| 2011-12-31 | CN¥3.40 | CN¥6.53 | x |
| 2012-12-31 | CN¥3.67 | CN¥6.53 | x |
| 2013-12-31 | CN¥3.91 | CN¥6.53 | x |
| 2014-12-31 | CN¥3.87 | CN¥6.53 | x |
| 2015-12-31 | CN¥3.93 | CN¥6.53 | x |
| 2016-12-31 | CN¥4.01 | CN¥6.53 | x |
| 2017-12-31 | CN¥4.37 | CN¥6.53 | x |
| 2018-12-31 | CN¥4.83 | CN¥6.53 | x |
| 2019-12-31 | CN¥5.84 | CN¥6.53 | x |
| 2020-12-31 | CN¥4.57 | CN¥6.53 | x |
| 2021-12-31 | CN¥5.04 | CN¥6.53 | x |
| 2022-12-31 | CN¥6.46 | CN¥6.53 | x |
| 2023-12-31 | CN¥6.82 | CN¥6.53 | x |
| 2024-12-31 | CN¥6.57 | CN¥6.53 | x |
| 2025-12-31 | CN¥6.32 | CN¥6.53 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanxi Xishan Coal and Electricity 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): 3.34%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.23%
- • Asset Turnover: 0.34x
- • Equity Multiplier: 3.03x
- Recent ROE (3.34%) is below the historical average (15.13%), 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 | 37.45% | 15.85% | 1.06x | 2.24x | CN¥140.36 Million |
| 1998 | 30.81% | 14.64% | 0.96x | 2.20x | CN¥107.18 Million |
| 1999 | 22.77% | 17.74% | 0.57x | 2.25x | CN¥99.66 Million |
| 2000 | 6.93% | 15.41% | 0.33x | 1.36x | CN¥-85.88 Million |
| 2001 | 8.36% | 12.65% | 0.47x | 1.40x | CN¥-48.60 Million |
| 2002 | 6.57% | 9.69% | 0.46x | 1.46x | CN¥-106.27 Million |
| 2003 | 9.04% | 10.52% | 0.53x | 1.63x | CN¥-31.72 Million |
| 2004 | 16.47% | 16.82% | 0.49x | 2.02x | CN¥248.52 Million |
| 2005 | 21.14% | 17.36% | 0.60x | 2.03x | CN¥513.81 Million |
| 2006 | 18.62% | 13.82% | 0.67x | 2.02x | CN¥446.51 Million |
| 2007 | 20.10% | 16.49% | 0.64x | 1.90x | CN¥646.29 Million |
| 2008 | 34.02% | 22.33% | 0.80x | 1.90x | CN¥2.09 Billion |
| 2009 | 22.16% | 18.07% | 0.53x | 2.31x | CN¥1.22 Billion |
| 2010 | 20.91% | 15.61% | 0.59x | 2.29x | CN¥1.38 Billion |
| 2011 | 20.19% | 9.27% | 0.79x | 2.77x | CN¥1.42 Billion |
| 2012 | 12.05% | 5.80% | 0.69x | 3.00x | CN¥307.61 Million |
| 2013 | 6.59% | 3.58% | 0.64x | 2.88x | CN¥-545.91 Million |
| 2014 | 1.72% | 1.12% | 0.51x | 3.04x | CN¥-1.31 Billion |
| 2015 | 0.88% | 0.76% | 0.36x | 3.25x | CN¥-1.46 Billion |
| 2016 | 2.64% | 2.21% | 0.36x | 3.28x | CN¥-1.21 Billion |
| 2017 | 8.76% | 5.48% | 0.50x | 3.23x | CN¥-222.63 Million |
| 2018 | 9.11% | 5.59% | 0.50x | 3.29x | CN¥-177.00 Million |
| 2019 | 8.84% | 5.88% | 0.50x | 2.99x | CN¥-278.32 Million |
| 2020 | 10.45% | 5.80% | 0.48x | 3.79x | CN¥84.70 Million |
| 2021 | 19.73% | 9.42% | 0.58x | 3.62x | CN¥2.52 Billion |
| 2022 | 32.41% | 16.50% | 0.68x | 2.89x | CN¥7.44 Billion |
| 2023 | 18.00% | 12.20% | 0.59x | 2.49x | CN¥3.01 Billion |
| 2024 | 8.58% | 6.86% | 0.41x | 3.03x | CN¥-515.90 Million |
| 2025 | 3.34% | 3.23% | 0.34x | 3.03x | CN¥-2.39 Billion |
Industry Comparison
This section compares Shanxi Xishan Coal and Electricity Power Co Ltd's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $11,279,067,542
- Average return on equity (ROE) among peers: 13.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanxi Xishan Coal and Electricity Power Co Ltd (000983) | CN¥48.05 Billion | 37.45% | 1.27x | $5.42 Billion |
| Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552) | $6.28 Billion | 3.53% | 0.44x | $2.04 Billion |
| Jizhong Energy Resources Co Ltd (000937) | $23.06 Billion | 3.41% | 1.22x | $2.52 Billion |
| Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128) | $12.36 Billion | 16.42% | 0.43x | $9.05 Billion |
| Guangzhou Development Group Inc (600098) | $1.16 Billion | 26.27% | 2.74x | $3.29 Billion |
| Zhengzhou Coal Industry & Electric Power Co Ltd (600121) | $1.30 Billion | 6.16% | 0.68x | $693.56 Million |
| Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) | $880.39 Million | 9.57% | 0.89x | $1.44 Billion |
| Wintime Energy Co Ltd (600157) | $17.11 Billion | 5.77% | 1.49x | $5.17 Billion |
| Yankuang Energy Group Co Ltd (600188) | $26.42 Billion | 24.54% | 0.22x | $19.05 Billion |
| Shan XI Hua Yang Group New Energy Co Ltd (600348) | $12.94 Billion | 21.73% | 1.16x | $4.68 Billion |
About Shanxi Xishan Coal and Electricity Power Co Ltd
Shanxi Coking Coal Energy Group Co., Ltd. produces and cells coal products in China. The company offers coking coal, fat coal, gas coal, lean coal, and meager lean coal; and fined coal for metallurgy industry, powdered coal injection, steam coal, screen mixed coal, and coke. It also operates coal fueled-power plants. The company was formerly known as Shanxi Xishan Coal and Electricity Power Co.,L… Read more