Wangneng Environment Co Ltd (002034) - Net Assets
Based on the latest financial reports, Wangneng Environment Co Ltd (002034) has net assets worth CN¥7.57 Billion CNY (≈ $1.11 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¥14.02 Billion ≈ $2.05 Billion USD) and total liabilities (CN¥6.45 Billion ≈ $943.80 Million 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 002034 capital-intensive asset ratio to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥7.57 Billion |
| % of Total Assets | 53.98% |
| Annual Growth Rate | 22.42% |
| 5-Year Change | 36.01% |
| 10-Year Change | 769.08% |
| Growth Volatility | 70.52 |
Wangneng Environment Co Ltd - Net Assets Trend (2001–2025)
This chart illustrates how Wangneng Environment Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see how much is Wangneng Environment Co Ltd worth.
Annual Net Assets for Wangneng Environment Co Ltd (2001–2025)
The table below shows the annual net assets of Wangneng Environment Co Ltd from 2001 to 2025. Also explore 002034 shareholders equity momentum to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.35 Billion ≈ $1.08 Billion |
+8.67% |
| 2024-12-31 | CN¥6.77 Billion ≈ $990.17 Million |
+4.18% |
| 2023-12-31 | CN¥6.50 Billion ≈ $950.46 Million |
+3.51% |
| 2022-12-31 | CN¥6.27 Billion ≈ $918.19 Million |
+16.06% |
| 2021-12-31 | CN¥5.41 Billion ≈ $791.13 Million |
+12.94% |
| 2020-12-31 | CN¥4.79 Billion ≈ $700.49 Million |
+15.92% |
| 2019-12-31 | CN¥4.13 Billion ≈ $604.29 Million |
+12.93% |
| 2018-12-31 | CN¥3.66 Billion ≈ $535.10 Million |
+9.45% |
| 2017-12-31 | CN¥3.34 Billion ≈ $488.91 Million |
+294.88% |
| 2016-12-31 | CN¥846.11 Million ≈ $123.81 Million |
+71.50% |
| 2015-12-31 | CN¥493.35 Million ≈ $72.19 Million |
-6.45% |
| 2014-12-31 | CN¥527.34 Million ≈ $77.17 Million |
-22.05% |
| 2013-12-31 | CN¥676.48 Million ≈ $98.99 Million |
+2.82% |
| 2012-12-31 | CN¥657.90 Million ≈ $96.27 Million |
-2.02% |
| 2011-12-31 | CN¥671.44 Million ≈ $98.25 Million |
+22.90% |
| 2010-12-31 | CN¥546.35 Million ≈ $79.95 Million |
+3.19% |
| 2009-12-31 | CN¥529.48 Million ≈ $77.48 Million |
+7.33% |
| 2008-12-31 | CN¥493.33 Million ≈ $72.19 Million |
-9.35% |
| 2007-12-31 | CN¥544.24 Million ≈ $79.64 Million |
+18.92% |
| 2006-12-31 | CN¥457.65 Million ≈ $66.97 Million |
+2.46% |
| 2005-12-31 | CN¥446.65 Million ≈ $65.36 Million |
+5.13% |
| 2004-12-31 | CN¥424.84 Million ≈ $62.17 Million |
+211.16% |
| 2003-12-31 | CN¥136.53 Million ≈ $19.98 Million |
+42.69% |
| 2002-12-31 | CN¥95.69 Million ≈ $14.00 Million |
+67.11% |
| 2001-12-31 | CN¥57.26 Million ≈ $8.38 Million |
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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 33159.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.54 Billion | 49.13% |
| Other Components | CN¥3.67 Billion | 50.87% |
| Total Equity | CN¥7.21 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 |
|---|---|
|
Joyoung Co Ltd
SHE:002242
|
$1.05 Billion |
|
Eyebright Medical Technology Beijing Co Ltd
SHG:688050
|
$1.05 Billion |
|
Jiangsu Jujie Microfiber Technology
SHE:300819
|
$1.05 Billion |
|
Corbion N.V.
F:CSU
|
$1.05 Billion |
|
Iradimed Co
NASDAQ:IRMD
|
$1.05 Billion |
|
Jiajia Food Group Co Ltd
SHE:002650
|
$1.05 Billion |
|
Evergreen Steel Corp
TW:2211
|
$1.05 Billion |
|
Xinlei Compressor Co. Ltd. A
SHE:301317
|
$1.05 Billion |
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 2024 to 2025, total equity changed from 6,682,274,198 to 7,208,555,296, a change of 526,281,098 (7.9%).
- Net income of 721,188,110 contributed positively to equity growth.
- Dividend payments of 349,013,453 reduced retained earnings.
- Other comprehensive income decreased equity by 1,032,215,691.
- Other factors increased equity by 1,186,322,132.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥721.19 Million | +10.0% |
| Dividends Paid | CN¥349.01 Million | -4.84% |
| Other Comprehensive Income | CN¥-1.03 Billion | -14.32% |
| Other Changes | CN¥1.19 Billion | +16.46% |
| Total Change | CN¥- | 7.88% |
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: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 34.92x to 0.84x 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¥13.94 | x |
| 2002-12-31 | CN¥0.68 | CN¥13.94 | x |
| 2003-12-31 | CN¥0.95 | CN¥13.94 | x |
| 2004-12-31 | CN¥3.00 | CN¥13.94 | x |
| 2005-12-31 | CN¥3.11 | CN¥13.94 | x |
| 2006-12-31 | CN¥3.12 | CN¥13.94 | x |
| 2007-12-31 | CN¥3.22 | CN¥13.94 | x |
| 2008-12-31 | CN¥2.81 | CN¥13.94 | x |
| 2009-12-31 | CN¥3.00 | CN¥13.94 | x |
| 2010-12-31 | CN¥3.17 | CN¥13.94 | x |
| 2011-12-31 | CN¥3.62 | CN¥13.94 | x |
| 2012-12-31 | CN¥3.53 | CN¥13.94 | x |
| 2013-12-31 | CN¥3.69 | CN¥13.94 | x |
| 2014-12-31 | CN¥3.12 | CN¥13.94 | x |
| 2015-12-31 | CN¥3.37 | CN¥13.94 | x |
| 2016-12-31 | CN¥2.78 | CN¥13.94 | x |
| 2017-12-31 | CN¥10.20 | CN¥13.94 | x |
| 2018-12-31 | CN¥8.78 | CN¥13.94 | x |
| 2019-12-31 | CN¥9.83 | CN¥13.94 | x |
| 2020-12-31 | CN¥11.39 | CN¥13.94 | x |
| 2021-12-31 | CN¥11.17 | CN¥13.94 | x |
| 2022-12-31 | CN¥12.86 | CN¥13.94 | x |
| 2023-12-31 | CN¥13.71 | CN¥13.94 | x |
| 2024-12-31 | CN¥12.93 | CN¥13.94 | x |
| 2025-12-31 | CN¥16.61 | CN¥13.94 | 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): 10.00%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 22.23%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.94x
- Recent ROE (10.00%) is above the historical average (9.25%), indicating improving 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 |
| 2025 | 10.00% | 22.23% | 0.23x | 1.94x | CN¥332.58K |
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: $4,267,304,846
- Average return on equity (ROE) among peers: 8.55%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Wangneng Environment Co Ltd (002034) | CN¥7.57 Billion | 29.41% | 0.85x | $1.05 Billion |
| China Tianying Inc (000035) | $-1.22 Billion | 0.00% | 0.00x | $1.69 Billion |
| BECE Legend Group Co Ltd (000803) | $131.44 Million | 1.88% | 0.75x | $494.69 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $6.28 Billion | 14.81% | 1.52x | $385.86 Million |
| City Development Environment Co Ltd (000885) | $5.26 Billion | 11.74% | 1.53x | $1.10 Billion |
| Beijing Orient Landscape Co Ltd (002310) | $11.37 Billion | 19.15% | 2.09x | $2.01 Billion |
| GEM Co Ltd (002340) | $11.07 Billion | 6.64% | 1.42x | $4.65 Billion |
| Dongjiang Environmental Co Ltd (002672) | $2.84 Billion | 8.86% | 0.76x | $474.16 Million |
| Qiaoyin Environmental Tech Co Ltd (002973) | $878.22 Million | 11.69% | 1.27x | $748.11 Million |
| Tongxing Environmental Protection (003027) | $1.80 Billion | 2.17% | 0.37x | $302.24 Million |
About 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, food waste recycling, wastewater treatment, sludge treatment, and rubber recycling. The company was formerly known as Zhejiang Mizuda printing&dyeing group co.,Ltd and changed its name to Wangneng Environment Co.,Ltd in January 201… Read more