Wangneng Environment Co Ltd (002034) - Net Assets

Latest as of September 2025: CN¥7.21 Billion CNY ≈ $1.06 Billion USD

Based on the latest financial reports, Wangneng Environment Co Ltd (002034) has net assets worth CN¥7.21 Billion CNY (≈ $1.06 Billion USD) 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 ≈ $2.09 Billion USD) and total liabilities (CN¥7.05 Billion ≈ $1.03 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. Check Wangneng Environment Co Ltd (002034) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore total assets of Wangneng Environment Co Ltd for the complete picture of this company's asset base.

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. For live valuation and market cap data, see market value of Wangneng Environment Co Ltd.

Year	Net Assets	Change
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	--

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
Montnets Cloud Technology Group Co Ltd SHE:002123	$1.17 Billion
ShenZhen Kondarl Group Co Ltd SHE:000048	$1.17 Billion
JPG KLSE:5323	$1.17 Billion
DBV Technologies NASDAQ:DBVT	$1.17 Billion
Trinity Capital Inc NASDAQ:TRIN	$1.17 Billion
Beijing Shenzhou Aerospace Software Technology Co. Ltd. A SHG:688562	$1.17 Billion
CHINA RISUN GROUP HD-10 F:45Y	$1.17 Billion
Taiyuan Heavy Industry Co Ltd SHG:600169	$1.17 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 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: 1.27x
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 46.02x to 1.27x 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¥18.37	x
2002-12-31	CN¥0.68	CN¥18.37	x
2003-12-31	CN¥0.95	CN¥18.37	x
2004-12-31	CN¥3.00	CN¥18.37	x
2005-12-31	CN¥3.11	CN¥18.37	x
2006-12-31	CN¥3.12	CN¥18.37	x
2007-12-31	CN¥3.22	CN¥18.37	x
2008-12-31	CN¥2.81	CN¥18.37	x
2009-12-31	CN¥3.00	CN¥18.37	x
2010-12-31	CN¥3.17	CN¥18.37	x
2011-12-31	CN¥3.62	CN¥18.37	x
2012-12-31	CN¥3.53	CN¥18.37	x
2013-12-31	CN¥3.69	CN¥18.37	x
2014-12-31	CN¥3.12	CN¥18.37	x
2015-12-31	CN¥3.37	CN¥18.37	x
2016-12-31	CN¥2.78	CN¥18.37	x
2017-12-31	CN¥10.20	CN¥18.37	x
2018-12-31	CN¥8.78	CN¥18.37	x
2019-12-31	CN¥9.83	CN¥18.37	x
2020-12-31	CN¥11.30	CN¥18.37	x
2021-12-31	CN¥11.17	CN¥18.37	x
2022-12-31	CN¥11.94	CN¥18.37	x
2023-12-31	CN¥13.69	CN¥18.37	x
2024-12-31	CN¥14.42	CN¥18.37	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: $2,349,482,662
Average return on equity (ROE) among peers: 11.41%

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	$1.17 Billion
China Tianying Inc (000035)	$202.06 Million	18.56%	5.65x	$2.30 Billion
HeiLongJiang Kingland Technology Co Ltd (000711)	$-388.47 Million	0.00%	0.00x	$2.37 Billion
BECE Legend Group Co Ltd (000803)	$158.91 Million	2.12%	0.87x	$584.76 Million
Tus-Sound Environmental Resources Co Ltd (000826)	$1.39 Billion	14.92%	1.14x	$433.83 Million
Beijing Orient Landscape Co Ltd (002310)	$124.67 Million	30.75%	1.13x	$2.83 Billion
GEM Co Ltd (002340)	$14.09 Billion	2.93%	1.11x	$6.91 Billion
Dongjiang Environmental Co Ltd (002672)	$3.22 Billion	10.33%	1.08x	$584.09 Million
Qiaoyin Environmental Tech Co Ltd (002973)	$668.08 Million	13.43%	0.54x	$752.89 Million
Tongxing Environmental Protection (003027)	$1.69 Billion	9.63%	0.34x	$498.88 Million

About Wangneng Environment Co Ltd

SHE:002034 China Waste Management

Market Cap

$1.17 Billion

CN¥7.97 Billion CNY

Market Cap Rank

#8562 Global

#2265 in China

Share Price

CN¥18.37

Change (1 day)

+0.33%

52-Week Range

CN¥15.74 - CN¥19.68

All Time High

CN¥33.00