Fujian MinDong Electric Power Co Ltd

SHE:000993 China Utilities - Renewable
Market Cap
$858.20 Million
CN¥6.30 Billion CNY
Market Cap Rank
#11304 Global
#2633 in China
Share Price
CN¥13.75
Change (1 day)
-2.90%
52-Week Range
CN¥8.73 - CN¥15.29
All Time High
CN¥19.04
Categories
Companies in China Utilities - Renewable
About

Fujian Mindong Electric Power Group Co., Ltd., together with its subsidiaries, engages in the production and development of hydropower, wind, and photovoltaic power in China. As of December 2024, the company's equity installed capacity is 569,200 kilowatts. It is also involved in the real estate development business. The company was incorporated in 1998 and is based in Ningde, China.

Fujian MinDong Electric Power Co Ltd (000993) - Net Assets

Latest net assets as of September 2025: CN¥2.72 Billion CNY

Based on the latest financial reports, Fujian MinDong Electric Power Co Ltd (000993) has net assets worth CN¥2.72 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¥3.76 Billion) and total liabilities (CN¥1.04 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¥2.72 Billion
% of Total Assets 72.21%
Annual Growth Rate 10.92%
5-Year Change 29.85%
10-Year Change 63.07%
Growth Volatility 70.92

Fujian MinDong Electric Power Co Ltd - Net Assets Trend (1997–2024)

This chart illustrates how Fujian MinDong 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 Fujian MinDong Electric Power Co Ltd (1997–2024)

The table below shows the annual net assets of Fujian MinDong Electric Power Co Ltd from 1997 to 2024.

Year Net Assets Change
2024-12-31 CN¥2.55 Billion +1.96%
2023-12-31 CN¥2.50 Billion +10.45%
2022-12-31 CN¥2.27 Billion +8.78%
2021-12-31 CN¥2.08 Billion +6.00%
2020-12-31 CN¥1.97 Billion -4.38%
2019-12-31 CN¥2.06 Billion +6.92%
2018-12-31 CN¥1.92 Billion -17.14%
2017-12-31 CN¥2.32 Billion +43.74%
2016-12-31 CN¥1.62 Billion +3.13%
2015-12-31 CN¥1.57 Billion +0.95%
2014-12-31 CN¥1.55 Billion -8.96%
2013-12-31 CN¥1.70 Billion +3.92%
2012-12-31 CN¥1.64 Billion +3.40%
2011-12-31 CN¥1.59 Billion -2.05%
2010-12-31 CN¥1.62 Billion +8.75%
2009-12-31 CN¥1.49 Billion +4.48%
2008-12-31 CN¥1.42 Billion +3.59%
2007-12-31 CN¥1.38 Billion +3.53%
2006-12-31 CN¥1.33 Billion +2.10%
2005-12-31 CN¥1.30 Billion +5.71%
2004-12-31 CN¥1.23 Billion -12.22%
2003-12-31 CN¥1.40 Billion -5.48%
2002-12-31 CN¥1.48 Billion +1.09%
2001-12-31 CN¥1.47 Billion +0.06%
2000-12-31 CN¥1.47 Billion +366.06%
1999-12-31 CN¥314.70 Million +2.70%
1998-12-31 CN¥306.44 Million +97.01%
1997-12-31 CN¥155.54 Million --

Equity Component Analysis

This analysis shows how different components contribute to Fujian MinDong 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 37148728000.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥371.49 Million 14.82%
Common Stock CN¥457.95 Million 18.28%
Other Comprehensive Income CN¥35.99 Million 1.44%
Other Components CN¥1.64 Billion 65.46%
Total Equity CN¥2.51 Billion 100.00%

Fujian MinDong Electric Power Co Ltd Competitors by Market Cap

The table below lists competitors of Fujian MinDong Electric Power Co Ltd ranked by their market capitalization.

Company Market Cap
Lenzing Aktiengesellschaft
PINK:LNZNF
 		$406.21 Million
Nutex Health Inc
NASDAQ:NUTX
 		$406.28 Million
Hangzhou Bio-Sincerity Pharma-Tech Co.Ltd.
SHE:301096
 		$406.55 Million
M31 Technology Corp
TWO:6643
 		$406.59 Million
Anshan Hifichem Co Ltd
SHE:300758
 		$406.18 Million
XP POWER LTD. LS-01
F:4XP
 		$406.09 Million
OSAKA Titanium technologies Co.Ltd
F:S5M
 		$406.07 Million
Guangzhou Grandbuy Co Ltd
SHE:002187
 		$406.04 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 2,457,062,868 to 2,505,873,253, a change of 48,810,385 (2.0%).
  • Net income of 169,324,750 contributed positively to equity growth.
  • Dividend payments of 106,532,372 reduced retained earnings.
  • Other comprehensive income decreased equity by 28,924,074.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥169.32 Million +6.76%
Dividends Paid CN¥106.53 Million -4.25%
Other Comprehensive Income CN¥-28.92 Million -1.15%
Other Changes CN¥14.94 Million +0.6%
Total Change CN¥- 1.99%

Book Value vs Market Value Analysis

This analysis compares Fujian MinDong 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: 2.51x
  • 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 31.63x to 2.51x 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¥0.43 CN¥13.75 x
1998-12-31 CN¥0.86 CN¥13.75 x
1999-12-31 CN¥0.88 CN¥13.75 x
2000-12-31 CN¥4.03 CN¥13.75 x
2001-12-31 CN¥4.03 CN¥13.75 x
2002-12-31 CN¥4.05 CN¥13.75 x
2003-12-31 CN¥3.80 CN¥13.75 x
2004-12-31 CN¥3.24 CN¥13.75 x
2005-12-31 CN¥3.40 CN¥13.75 x
2006-12-31 CN¥3.40 CN¥13.75 x
2007-12-31 CN¥3.67 CN¥13.75 x
2008-12-31 CN¥3.56 CN¥13.75 x
2009-12-31 CN¥3.82 CN¥13.75 x
2010-12-31 CN¥4.16 CN¥13.75 x
2011-12-31 CN¥4.09 CN¥13.75 x
2012-12-31 CN¥4.17 CN¥13.75 x
2013-12-31 CN¥4.42 CN¥13.75 x
2014-12-31 CN¥3.98 CN¥13.75 x
2015-12-31 CN¥3.93 CN¥13.75 x
2016-12-31 CN¥4.06 CN¥13.75 x
2017-12-31 CN¥5.94 CN¥13.75 x
2018-12-31 CN¥4.02 CN¥13.75 x
2019-12-31 CN¥4.35 CN¥13.75 x
2020-12-31 CN¥4.17 CN¥13.75 x
2021-12-31 CN¥4.44 CN¥13.75 x
2022-12-31 CN¥4.84 CN¥13.75 x
2023-12-31 CN¥5.34 CN¥13.75 x
2024-12-31 CN¥5.48 CN¥13.75 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Fujian MinDong 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): 6.76%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 28.10%
  • • Asset Turnover: 0.16x
  • • Equity Multiplier: 1.46x
  • Recent ROE (6.76%) is above the historical average (3.31%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1997 33.59% 30.22% 0.37x 2.97x CN¥36.69 Million
1998 15.94% 27.48% 0.30x 1.95x CN¥18.21 Million
1999 10.51% 19.25% 0.25x 2.20x CN¥1.59 Million
2000 3.02% 24.18% 0.09x 1.41x CN¥-100.79 Million
2001 2.00% 12.97% 0.10x 1.51x CN¥-115.54 Million
2002 1.56% 9.80% 0.10x 1.67x CN¥-122.46 Million
2003 -7.04% -43.37% 0.09x 1.90x CN¥-231.78 Million
2004 -17.29% -102.96% 0.09x 1.82x CN¥-316.09 Million
2005 4.65% 21.69% 0.13x 1.63x CN¥-65.02 Million
2006 2.60% 11.14% 0.14x 1.68x CN¥-92.11 Million
2007 1.64% 8.24% 0.11x 1.87x CN¥-109.68 Million
2008 3.66% 9.04% 0.22x 1.84x CN¥-86.35 Million
2009 6.28% 18.07% 0.20x 1.73x CN¥-53.54 Million
2010 6.72% 20.38% 0.18x 1.80x CN¥-50.58 Million
2011 1.22% 4.82% 0.14x 1.85x CN¥-133.04 Million
2012 3.60% 4.54% 0.34x 2.30x CN¥-100.08 Million
2013 3.78% 3.66% 0.40x 2.57x CN¥-101.12 Million
2014 1.76% 2.24% 0.30x 2.61x CN¥-121.90 Million
2015 1.53% 2.52% 0.27x 2.28x CN¥-127.29 Million
2016 1.72% 4.08% 0.17x 2.53x CN¥-126.49 Million
2017 1.01% 2.51% 0.20x 1.99x CN¥-200.93 Million
2018 -21.16% -69.98% 0.15x 2.08x CN¥-574.86 Million
2019 5.30% 17.67% 0.16x 1.91x CN¥-93.69 Million
2020 -4.32% -22.37% 0.09x 2.21x CN¥-273.73 Million
2021 5.91% 20.61% 0.13x 2.14x CN¥-83.01 Million
2022 8.32% 25.18% 0.17x 2.00x CN¥-37.24 Million
2023 9.54% 15.60% 0.44x 1.38x CN¥-11.19 Million
2024 6.76% 28.10% 0.16x 1.46x CN¥-81.26 Million

Industry Comparison

This section compares Fujian MinDong Electric Power Co Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.

Industry Context

  • Industry: Utilities - Renewable
  • Average net assets among peers: $1,790,325,927
  • Average return on equity (ROE) among peers: 11.62%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Fujian MinDong Electric Power Co Ltd (000993) CN¥2.72 Billion 33.59% 0.38x $406.20 Million
Tunghsu Azure Renewable Energy Co Ltd (000040) $867.90 Million 2.09% 1.86x $58.47 Million
Tianjin Guangyu Development Co Ltd (000537) $277.96 Million 10.57% 1.45x $889.49 Million
CECEP Solar Energy Co Ltd (000591) $162.02 Million 10.48% 1.97x $2.20 Billion
GEPIC Energy Development Co Ltd (000791) $7.49 Billion 5.90% 1.54x $765.93 Million
Tieling Newcity Investment Holding Ltd (000809) $3.45 Billion 20.56% 0.64x $269.10 Million
Hubei Energy Group Co Ltd (000883) $730.62 Million 9.40% 0.33x $1.99 Billion
Xinjiang Lixin Energy Co. Ltd. A (001258) $2.92 Billion 1.72% 4.24x $377.98 Million
Shenzhen Feima International Supply Chain Co Ltd (002210) $148.08 Million 3.32% 6.54x $718.01 Million
Shenzhen Sunrise New Energy Co Ltd (002256) $65.12 Million 40.54% 1.51x $785.39 Million