Shaanxi Meineng Clean Energy Corp. Ltd. A
Shaanxi Meineng Clean Energy Corp.,Ltd. operates as a professional gas operating company in the People's Republic of China. The company invests, constructs, and operates city gas projects, compressed natural gas refueling stations, LNG production plants and refueling stations, coal-to-natural gas production plants, natural gas facility equipment installation, and gas transmission pipelines. It al… Read more
Shaanxi Meineng Clean Energy Corp. Ltd. A (001299) - Net Assets
Latest net assets as of June 2025: CN¥1.21 Billion CNY
Based on the latest financial reports, Shaanxi Meineng Clean Energy Corp. Ltd. A (001299) has net assets worth CN¥1.21 Billion CNY as of June 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥1.61 Billion) and total liabilities (CN¥407.54 Million). 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¥1.21 Billion |
| % of Total Assets | 74.74% |
| Annual Growth Rate | 22.04% |
| 5-Year Change | 124.99% |
| 10-Year Change | N/A |
| Growth Volatility | 29.01 |
Shaanxi Meineng Clean Energy Corp. Ltd. A - Net Assets Trend (2019–2024)
This chart illustrates how Shaanxi Meineng Clean Energy Corp. Ltd. A's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Shaanxi Meineng Clean Energy Corp. Ltd. A (2019–2024)
The table below shows the annual net assets of Shaanxi Meineng Clean Energy Corp. Ltd. A from 2019 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.30 Billion | -0.96% |
| 2023-12-31 | CN¥1.31 Billion | +6.80% |
| 2022-12-31 | CN¥1.23 Billion | +80.91% |
| 2021-12-31 | CN¥679.28 Million | +17.58% |
| 2020-12-31 | CN¥577.73 Million | +20.37% |
| 2019-12-31 | CN¥479.96 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Shaanxi Meineng Clean Energy Corp. Ltd. A'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 184.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥590.81 Million | 45.50% |
| Other Components | CN¥707.79 Million | 54.50% |
| Total Equity | CN¥1.30 Billion | 100.00% |
Shaanxi Meineng Clean Energy Corp. Ltd. A Competitors by Market Cap
The table below lists competitors of Shaanxi Meineng Clean Energy Corp. Ltd. A ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hansae Co
KO:105630
|
$107.49 Million |
|
Seah Steel Corp
KO:306200
|
$107.52 Million |
|
Whitefield Income Ltd
AU:WHI
|
$107.54 Million |
|
Foresight Financial
OTCQX:FGFH
|
$107.56 Million |
|
Reconnaissance Energy Africa Ltd
OTCQX:RECAF
|
$107.46 Million |
|
Power Wind Health Industry Incorporated
TW:8462
|
$107.40 Million |
|
Kuvva Gida Ticaret ve Sanayi Yatirimlari A.S.
IS:KUVVA
|
$107.38 Million |
|
H.G. Infra Engineering Limited
NSE:HGINFRA
|
$107.38 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shaanxi Meineng Clean Energy Corp. Ltd. A's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,310,660,970 to 1,298,599,415, a change of -12,061,556 (-0.9%).
- Net income of 87,298,200 contributed positively to equity growth.
- Dividend payments of 56,015,219 reduced retained earnings.
- Other factors decreased equity by 43,344,536.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥87.30 Million | +6.72% |
| Dividends Paid | CN¥56.02 Million | -4.31% |
| Other Changes | CN¥-43.34 Million | -3.34% |
| Total Change | CN¥- | -0.92% |
Book Value vs Market Value Analysis
This analysis compares Shaanxi Meineng Clean Energy Corp. Ltd. A'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: 2.55x
- 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 3.98x to 2.55x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2019-12-31 | CN¥3.41 | CN¥13.59 | x |
| 2020-12-31 | CN¥4.11 | CN¥13.59 | x |
| 2021-12-31 | CN¥3.70 | CN¥13.59 | x |
| 2022-12-31 | CN¥5.03 | CN¥13.59 | x |
| 2023-12-31 | CN¥5.37 | CN¥13.59 | x |
| 2024-12-31 | CN¥5.33 | CN¥13.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shaanxi Meineng Clean Energy Corp. Ltd. A 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): 6.72%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.12%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.36x
- Recent ROE (6.72%) is below the historical average (11.73%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2019 | 18.11% | 19.06% | 0.57x | 1.65x | CN¥38.94 Million |
| 2020 | 16.64% | 20.75% | 0.51x | 1.58x | CN¥38.33 Million |
| 2021 | 14.99% | 21.17% | 0.47x | 1.51x | CN¥33.80 Million |
| 2022 | 7.68% | 17.13% | 0.34x | 1.32x | CN¥-28.46 Million |
| 2023 | 6.24% | 14.21% | 0.33x | 1.34x | CN¥-49.26 Million |
| 2024 | 6.72% | 13.12% | 0.38x | 1.36x | CN¥-42.56 Million |
Industry Comparison
This section compares Shaanxi Meineng Clean Energy Corp. Ltd. A's net assets metrics with peer companies in the Utilities - Regulated Gas industry.
Industry Context
- Industry: Utilities - Regulated Gas
- Average net assets among peers: $7,809,527,483
- Average return on equity (ROE) among peers: 9.04%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shaanxi Meineng Clean Energy Corp. Ltd. A (001299) | CN¥1.21 Billion | 18.11% | 0.34x | $107.48 Million |
| Delong Composite Energy Group Co Ltd (000593) | $933.66 Million | 2.04% | 1.10x | $640.94 Million |
| Xinjiang Haoyuan Natural Gas Co Ltd (002700) | $147.90 Million | 32.85% | 1.37x | $173.30 Million |
| Foran Energy Group Co Ltd (002911) | $745.57 Million | 24.41% | 1.42x | $412.45 Million |
| Top Resource Conservation Engineering Co Ltd (300332) | $3.54 Billion | 0.30% | 1.22x | $507.68 Million |
| Sichuan Qiaoyuan Gas Co.Ltd (301286) | $1.75 Billion | 8.51% | 0.14x | $247.05 Million |
| Changchun Gas Co Ltd (600333) | $2.06 Billion | -4.78% | 1.94x | $195.28 Million |
| Shanghai DaZhong Public Utilities Group Co Ltd (600635) | $1.16 Billion | 10.61% | 0.49x | $1.87 Billion |
| Bestsun Energy Co Ltd (600681) | $-593.14 Million | 0.00% | 0.00x | $86.89 Million |
| ENN Ecological Holdings Co Ltd (600803) | $60.54 Billion | 7.42% | 1.19x | $2.55 Billion |