Wangneng Environment Co Ltd
Wangneng Environment Co.,Ltd provides solid waste solutions in China. It engages in the investment, construction, and operation of waste incineration power generation plant, solid waste, kitchen waste and sludge treatment, and other environmental industry projects, as well as rubber recycling. The company was formerly known as Zhejiang Mizuda printing&dyeing group co.,Ltd and changed its name to … Read more
Wangneng Environment Co Ltd (002034) - Net Assets
Latest net assets as of September 2025: CN¥7.21 Billion CNY
Based on the latest financial reports, Wangneng Environment Co Ltd (002034) has net assets worth CN¥7.21 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¥14.26 Billion) and total liabilities (CN¥7.05 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¥7.21 Billion |
| % of Total Assets | 50.57% |
| Annual Growth Rate | 23.06% |
| 5-Year Change | 41.35% |
| 10-Year Change | 1271.58% |
| Growth Volatility | 71.85 |
Wangneng Environment Co Ltd - Net Assets Trend (2001–2024)
This chart illustrates how Wangneng Environment 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 Wangneng Environment Co Ltd (2001–2024)
The table below shows the annual net assets of Wangneng Environment Co Ltd from 2001 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.77 Billion | +4.18% |
| 2023-12-31 | CN¥6.50 Billion | +3.51% |
| 2022-12-31 | CN¥6.27 Billion | +16.06% |
| 2021-12-31 | CN¥5.41 Billion | +12.94% |
| 2020-12-31 | CN¥4.79 Billion | +15.92% |
| 2019-12-31 | CN¥4.13 Billion | +12.93% |
| 2018-12-31 | CN¥3.66 Billion | +9.45% |
| 2017-12-31 | CN¥3.34 Billion | +294.88% |
| 2016-12-31 | CN¥846.11 Million | +71.50% |
| 2015-12-31 | CN¥493.35 Million | -6.45% |
| 2014-12-31 | CN¥527.34 Million | -22.05% |
| 2013-12-31 | CN¥676.48 Million | +2.82% |
| 2012-12-31 | CN¥657.90 Million | -2.02% |
| 2011-12-31 | CN¥671.44 Million | +22.90% |
| 2010-12-31 | CN¥546.35 Million | +3.19% |
| 2009-12-31 | CN¥529.48 Million | +7.33% |
| 2008-12-31 | CN¥493.33 Million | -9.35% |
| 2007-12-31 | CN¥544.24 Million | +18.92% |
| 2006-12-31 | CN¥457.65 Million | +2.46% |
| 2005-12-31 | CN¥446.65 Million | +5.13% |
| 2004-12-31 | CN¥424.84 Million | +211.16% |
| 2003-12-31 | CN¥136.53 Million | +42.69% |
| 2002-12-31 | CN¥95.69 Million | +67.11% |
| 2001-12-31 | CN¥57.26 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Wangneng Environment 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 28763.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.07 Billion | 46.00% |
| Common Stock | CN¥426.21 Million | 6.38% |
| Other Comprehensive Income | CN¥1.03 Billion | 15.45% |
| Other Components | CN¥2.15 Billion | 32.18% |
| Total Equity | CN¥6.68 Billion | 100.00% |
Wangneng Environment Co Ltd Competitors by Market Cap
The table below lists competitors of Wangneng Environment Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Irish Residential Properties
IR:IRES
|
$468.90 Million |
|
Orthofix Medical Inc
NASDAQ:OFIX
|
$469.09 Million |
|
Shanghai Phoenix Enterprise Group Co Ltd A
SHG:600679
|
$469.28 Million |
|
Andlauer Healthcare Group Inc
PINK:ANDHF
|
$469.38 Million |
|
HUDSON PACIFIC PPT.DL-01
F:HP9
|
$468.80 Million |
|
Power Solutions International, Inc. Common Stock
NASDAQ:PSIX
|
$468.39 Million |
|
Consolidated Water Co Ltd
NASDAQ:CWCO
|
$468.34 Million |
|
Azad Engineering Limited
NSE:AZAD
|
$468.30 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Wangneng Environment Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,400,108,291 to 6,682,274,198, a change of 282,165,907 (4.4%).
- Net income of 560,869,864 contributed positively to equity growth.
- Dividend payments of 384,819,427 reduced retained earnings.
- Share repurchases of 73,720,388 reduced equity.
- Other comprehensive income increased equity by 26,374,703.
- Other factors increased equity by 153,461,155.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥560.87 Million | +8.39% |
| Dividends Paid | CN¥384.82 Million | -5.76% |
| Share Repurchases | CN¥73.72 Million | -1.1% |
| Other Comprehensive Income | CN¥26.37 Million | +0.39% |
| Other Changes | CN¥153.46 Million | +2.3% |
| Total Change | CN¥- | 4.41% |
Book Value vs Market Value Analysis
This analysis compares Wangneng Environment 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: 1.25x
- 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 45.04x to 1.25x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2001-12-31 | CN¥0.40 | CN¥17.98 | x |
| 2002-12-31 | CN¥0.68 | CN¥17.98 | x |
| 2003-12-31 | CN¥0.95 | CN¥17.98 | x |
| 2004-12-31 | CN¥3.00 | CN¥17.98 | x |
| 2005-12-31 | CN¥3.11 | CN¥17.98 | x |
| 2006-12-31 | CN¥3.12 | CN¥17.98 | x |
| 2007-12-31 | CN¥3.22 | CN¥17.98 | x |
| 2008-12-31 | CN¥2.81 | CN¥17.98 | x |
| 2009-12-31 | CN¥3.00 | CN¥17.98 | x |
| 2010-12-31 | CN¥3.17 | CN¥17.98 | x |
| 2011-12-31 | CN¥3.62 | CN¥17.98 | x |
| 2012-12-31 | CN¥3.53 | CN¥17.98 | x |
| 2013-12-31 | CN¥3.69 | CN¥17.98 | x |
| 2014-12-31 | CN¥3.12 | CN¥17.98 | x |
| 2015-12-31 | CN¥3.37 | CN¥17.98 | x |
| 2016-12-31 | CN¥2.78 | CN¥17.98 | x |
| 2017-12-31 | CN¥10.20 | CN¥17.98 | x |
| 2018-12-31 | CN¥8.78 | CN¥17.98 | x |
| 2019-12-31 | CN¥9.83 | CN¥17.98 | x |
| 2020-12-31 | CN¥11.30 | CN¥17.98 | x |
| 2021-12-31 | CN¥11.17 | CN¥17.98 | x |
| 2022-12-31 | CN¥11.94 | CN¥17.98 | x |
| 2023-12-31 | CN¥13.69 | CN¥17.98 | x |
| 2024-12-31 | CN¥14.42 | CN¥17.98 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Wangneng Environment 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): 8.39%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.68%
- • Asset Turnover: 0.22x
- • Equity Multiplier: 2.17x
- Recent ROE (8.39%) is below the historical average (9.22%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2001 | 29.41% | 6.06% | 1.49x | 3.25x | CN¥10.73 Million |
| 2002 | 23.65% | 5.77% | 1.30x | 3.16x | CN¥12.93 Million |
| 2003 | 23.57% | 5.65% | 1.28x | 3.25x | CN¥17.83 Million |
| 2004 | 9.20% | 4.29% | 1.21x | 1.76x | CN¥-3.30 Million |
| 2005 | 7.11% | 3.41% | 1.06x | 1.96x | CN¥-12.45 Million |
| 2006 | 3.96% | 1.53% | 1.30x | 1.98x | CN¥-26.44 Million |
| 2007 | 5.12% | 2.14% | 0.72x | 3.34x | CN¥-21.77 Million |
| 2008 | -14.88% | -4.59% | 1.01x | 3.19x | CN¥-96.54 Million |
| 2009 | 4.80% | 2.03% | 0.79x | 2.99x | CN¥-21.18 Million |
| 2010 | 1.85% | 0.62% | 1.04x | 2.87x | CN¥-33.94 Million |
| 2011 | 16.09% | 5.99% | 0.92x | 2.91x | CN¥30.26 Million |
| 2012 | 4.17% | 1.55% | 0.85x | 3.14x | CN¥-28.75 Million |
| 2013 | 7.33% | 2.86% | 0.91x | 2.82x | CN¥-13.97 Million |
| 2014 | -3.77% | -1.52% | 0.86x | 2.89x | CN¥-60.23 Million |
| 2015 | 8.21% | 4.37% | 1.13x | 1.67x | CN¥-8.55 Million |
| 2016 | 16.52% | 17.98% | 0.71x | 1.30x | CN¥54.54 Million |
| 2017 | 7.06% | 30.55% | 0.16x | 1.48x | CN¥-97.84 Million |
| 2018 | 8.42% | 36.62% | 0.13x | 1.71x | CN¥-57.28 Million |
| 2019 | 10.28% | 35.98% | 0.13x | 2.21x | CN¥11.44 Million |
| 2020 | 10.97% | 30.75% | 0.14x | 2.52x | CN¥46.19 Million |
| 2021 | 12.45% | 22.32% | 0.24x | 2.36x | CN¥131.75 Million |
| 2022 | 11.98% | 21.73% | 0.23x | 2.38x | CN¥120.09 Million |
| 2023 | 9.41% | 18.95% | 0.22x | 2.25x | CN¥-37.59 Million |
| 2024 | 8.39% | 17.68% | 0.22x | 2.17x | CN¥-107.36 Million |
Industry Comparison
This section compares Wangneng Environment Co Ltd's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $3,841,507,165
- Average return on equity (ROE) among peers: 15.51%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wangneng Environment Co Ltd (002034) | CN¥7.21 Billion | 29.41% | 0.98x | $468.80 Million |
| China Tianying Inc (000035) | $220.73 Million | 7.84% | 0.98x | $1.59 Billion |
| HeiLongJiang Kingland Technology Co Ltd (000711) | $289.23 Million | 13.01% | 0.03x | $1.02 Billion |
| BECE Legend Group Co Ltd (000803) | $152.97 Million | 2.06% | 0.80x | $433.08 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $185.66 Million | 25.40% | 0.88x | $387.20 Million |
| Beijing Orient Landscape Co Ltd (002310) | $9.44 Billion | 13.72% | 1.54x | $2.06 Billion |
| Qiaoyin Environmental Tech Co Ltd (002973) | $668.08 Million | 13.43% | 0.54x | $279.42 Million |
| Tongxing Environmental Protection (003027) | $424.42 Million | 32.76% | 0.86x | $177.45 Million |
| Beijing Originwater Technology (300070) | $23.11 Billion | 5.97% | 1.92x | $1.14 Billion |
| Yonker Environmental Protect (300187) | $82.81 Million | 25.36% | 2.22x | $230.88 Million |