Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd (002479) - Net Assets

Latest as of June 2026: CN¥4.66 Billion CNY ≈ $682.28 Million USD

Based on the latest financial reports, Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd (002479) has net assets worth CN¥4.66 Billion CNY (≈ $682.28 Million USD) as of June 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥8.93 Billion ≈ $1.31 Billion USD) and total liabilities (CN¥4.27 Billion ≈ $624.76 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 002479 strategic asset allocation to assess the company's strategic physical and investment asset allocation.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥4.66 Billion
% of Total Assets	52.2%
Annual Growth Rate	18.18%
5-Year Change	3.2%
10-Year Change	38.05%
Growth Volatility	95.53

Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd - Net Assets Trend (2007–2025)

This chart illustrates how Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see 002479 company net worth.

Annual Net Assets for Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd (2007–2025)

The table below shows the annual net assets of Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd from 2007 to 2025. Also explore 002479 net asset momentum to track the company's year-over-year net asset growth rate.

Year	Net Assets	Change
2025-12-31	CN¥4.43 Billion ≈ $648.44 Million	+1.95%
2024-12-31	CN¥4.35 Billion ≈ $636.02 Million	+0.68%
2023-12-31	CN¥4.32 Billion ≈ $631.70 Million	-2.20%
2022-12-31	CN¥4.41 Billion ≈ $645.94 Million	+2.80%
2021-12-31	CN¥4.29 Billion ≈ $628.32 Million	-5.88%
2020-12-31	CN¥4.56 Billion ≈ $667.55 Million	-1.44%
2019-12-31	CN¥4.63 Billion ≈ $677.29 Million	+15.41%
2018-12-31	CN¥4.01 Billion ≈ $586.85 Million	+25.74%
2017-12-31	CN¥3.19 Billion ≈ $466.70 Million	-0.64%
2016-12-31	CN¥3.21 Billion ≈ $469.73 Million	+2.42%
2015-12-31	CN¥3.13 Billion ≈ $458.62 Million	+26.77%
2014-12-31	CN¥2.47 Billion ≈ $361.78 Million	+7.47%
2013-12-31	CN¥2.30 Billion ≈ $336.64 Million	+7.90%
2012-12-31	CN¥2.13 Billion ≈ $311.99 Million	+11.74%
2011-12-31	CN¥1.91 Billion ≈ $279.21 Million	+4.56%
2010-12-31	CN¥1.82 Billion ≈ $267.02 Million	+423.23%
2009-12-31	CN¥348.75 Million ≈ $51.03 Million	+21.53%
2008-12-31	CN¥286.96 Million ≈ $41.99 Million	+30.95%
2007-12-31	CN¥219.13 Million ≈ $32.07 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Zhejiang Fuchunjiang Environmental Thermoelectric 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 2700.1% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.42 Billion	34.09%
Other Components	CN¥2.75 Billion	65.91%
Total Equity	CN¥4.17 Billion	100.00%

Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd Competitors by Market Cap

The table below lists competitors of Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd ranked by their market capitalization.

Company	Market Cap
Tipco Asphalt Public Company Limited BK:TASCO-R	$737.94 Million
COMSTOCK HLDG-A F:CHO	$738.28 Million
Qiaoyin Environmental Tech Co Ltd SHE:002973	$738.54 Million
Ethos Limited NSE:ETHOSLTD	$738.71 Million
Samsung Fire And Marine Ins Pref KO:000815	$737.71 Million
Bowman Consulting Group Ltd NASDAQ:BWMN	$737.55 Million
Shenzhen Asiantime International Construction Co Ltd SHE:002811	$737.27 Million
GH RESEARCH PLC DL-025 F:1KA	$737.24 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 4,099,207,751 to 4,173,993,556, a change of 74,785,805 (1.8%).
Net income of 203,321,539 contributed positively to equity growth.
Dividend payments of 208,582,270 reduced retained earnings.
Other comprehensive income decreased equity by 359,440,246.
Other factors increased equity by 439,486,782.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥203.32 Million	+4.87%
Dividends Paid	CN¥208.58 Million	-5.0%
Other Comprehensive Income	CN¥-359.44 Million	-8.61%
Other Changes	CN¥439.49 Million	+10.53%
Total Change	CN¥-	1.82%

Book Value vs Market Value Analysis

This analysis compares Zhejiang Fuchunjiang Environmental Thermoelectric 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: 1.21x
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 14.47x to 1.21x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-12-31	CN¥0.40	CN¥5.83	x
2008-12-31	CN¥0.53	CN¥5.83	x
2009-12-31	CN¥0.64	CN¥5.83	x
2010-12-31	CN¥3.10	CN¥5.83	x
2011-12-31	CN¥2.60	CN¥5.83	x
2012-12-31	CN¥2.76	CN¥5.83	x
2013-12-31	CN¥2.71	CN¥5.83	x
2014-12-31	CN¥3.03	CN¥5.83	x
2015-12-31	CN¥3.61	CN¥5.83	x
2016-12-31	CN¥3.61	CN¥5.83	x
2017-12-31	CN¥3.62	CN¥5.83	x
2018-12-31	CN¥4.29	CN¥5.83	x
2019-12-31	CN¥4.31	CN¥5.83	x
2020-12-31	CN¥4.33	CN¥5.83	x
2021-12-31	CN¥4.50	CN¥5.83	x
2022-12-31	CN¥4.63	CN¥5.83	x
2023-12-31	CN¥4.67	CN¥5.83	x
2024-12-31	CN¥4.76	CN¥5.83	x
2025-12-31	CN¥4.83	CN¥5.83	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Zhejiang Fuchunjiang Environmental Thermoelectric 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): 4.87%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 3.80%
• Asset Turnover: 0.64x
• Equity Multiplier: 2.00x
Recent ROE (4.87%) is below the historical average (10.17%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	23.24%	8.75%	0.84x	3.16x	CN¥29.02 Million
2008	23.64%	9.12%	1.07x	2.41x	CN¥39.13 Million
2009	26.32%	13.05%	0.98x	2.06x	CN¥56.92 Million
2010	7.58%	15.21%	0.46x	1.08x	CN¥-44.17 Million
2011	9.97%	16.32%	0.55x	1.10x	CN¥-538.23K
2012	11.61%	8.64%	0.95x	1.42x	CN¥32.46 Million
2013	7.01%	4.51%	0.88x	1.76x	CN¥-60.91 Million
2014	7.91%	4.63%	0.98x	1.75x	CN¥-45.67 Million
2015	6.64%	6.31%	0.58x	1.83x	CN¥-91.68 Million
2016	8.58%	9.07%	0.52x	1.80x	CN¥-40.67 Million
2017	11.88%	10.36%	0.65x	1.76x	CN¥54.51 Million
2018	2.56%	3.14%	0.52x	1.58x	CN¥-275.04 Million
2019	7.90%	7.30%	0.45x	2.39x	CN¥-79.98 Million
2020	7.85%	6.41%	0.42x	2.93x	CN¥-81.90 Million
2021	8.45%	7.22%	0.50x	2.32x	CN¥-60.51 Million
2022	6.48%	5.40%	0.52x	2.29x	CN¥-140.70 Million
2023	4.93%	4.43%	0.52x	2.15x	CN¥-202.28 Million
2024	5.88%	4.59%	0.61x	2.08x	CN¥-168.79 Million
2025	4.87%	3.80%	0.64x	2.00x	CN¥-214.08 Million

Industry Comparison

This section compares Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.

Industry Context

Industry: Utilities - Regulated Electric
Average net assets among peers: $3,169,761,873
Average return on equity (ROE) among peers: 9.70%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd (002479)	CN¥4.66 Billion	23.24%	0.92x	$737.94 Million
Shenzhen Energy Group Co Ltd (000027)	$91.31 Million	66.44%	11.65x	$4.30 Billion
Shenzhen Nanshan Power Co Ltd (000037)	$1.58 Billion	-27.84%	0.77x	$443.36 Million
Guangzhou Hengyun Enterprises Holding Ltd (000531)	$1.70 Billion	8.85%	0.83x	$844.24 Million
An Hui Wenergy Co Ltd (000543)	$3.11 Billion	7.12%	0.36x	$2.37 Billion
Jointo Energy Investment Co Ltd Hebei (000600)	$12.57 Billion	16.26%	1.06x	$1.87 Billion
Guangdong Shaoneng Group Co Ltd (000601)	$3.25 Billion	2.64%	1.51x	$934.48 Million
Tianjin Binhai Energy & Development Co Ltd (000695)	$327.92 Million	1.18%	2.46x	$431.03 Million
Shanxi Zhangze Electric Power Co Ltd (000767)	$2.16 Billion	18.80%	2.47x	$1.48 Billion
Jilin Power Share Co Ltd (000875)	$2.44 Billion	3.19%	0.12x	$2.45 Billion
Jiangxi Ganneng Co Ltd (000899)	$4.47 Billion	0.37%	0.64x	$1.28 Billion

About Zhejiang Fuchunjiang Environmental Thermoelectric Co Ltd

SHE:002479 China Utilities - Regulated Electric

Market Cap

$737.94 Million

CN¥5.04 Billion CNY

Market Cap Rank

#10365 Global

#2803 in China

Share Price

CN¥5.83

Change (1 day)

-1.02%

52-Week Range

CN¥4.21 - CN¥6.20

All Time High

CN¥13.56