China Western Power Industrial Co Ltd
China Western Power Industrial Co., Ltd. designs, manufactures, and sells boilers in China. Its products include energy-saving, coal-fired, alkali recovery, waste incineration power generation, biomass power generation, blast furnace tail gas power generation, gas, oil sludge, waste heat, special, and industrial boilers, as well as pressure vessels. The company is also involved in the EPC general… Read more
China Western Power Industrial Co Ltd (002630) - Net Assets
Latest net assets as of September 2025: CN¥390.23 Million CNY
Based on the latest financial reports, China Western Power Industrial Co Ltd (002630) has net assets worth CN¥390.23 Million 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¥9.47 Billion) and total liabilities (CN¥9.08 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¥390.23 Million |
| % of Total Assets | 4.12% |
| Annual Growth Rate | 3.31% |
| 5-Year Change | -87.12% |
| 10-Year Change | -88.3% |
| Growth Volatility | 39.45 |
China Western Power Industrial Co Ltd - Net Assets Trend (2006–2024)
This chart illustrates how China Western Power Industrial 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 China Western Power Industrial Co Ltd (2006–2024)
The table below shows the annual net assets of China Western Power Industrial Co Ltd from 2006 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥343.45 Million | -54.71% |
| 2023-12-31 | CN¥758.30 Million | -27.97% |
| 2022-12-31 | CN¥1.05 Billion | -42.17% |
| 2021-12-31 | CN¥1.82 Billion | -31.72% |
| 2020-12-31 | CN¥2.67 Billion | -21.04% |
| 2019-12-31 | CN¥3.38 Billion | +2.69% |
| 2018-12-31 | CN¥3.29 Billion | -1.93% |
| 2017-12-31 | CN¥3.35 Billion | +6.71% |
| 2016-12-31 | CN¥3.14 Billion | +6.99% |
| 2015-12-31 | CN¥2.94 Billion | +7.06% |
| 2014-12-31 | CN¥2.74 Billion | +55.44% |
| 2013-12-31 | CN¥1.76 Billion | +7.14% |
| 2012-12-31 | CN¥1.65 Billion | +5.70% |
| 2011-12-31 | CN¥1.56 Billion | +94.85% |
| 2010-12-31 | CN¥799.56 Million | +42.07% |
| 2009-12-31 | CN¥562.78 Million | +25.49% |
| 2008-12-31 | CN¥448.47 Million | +25.46% |
| 2007-12-31 | CN¥357.46 Million | +87.09% |
| 2006-12-31 | CN¥191.06 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to China Western Power Industrial 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 decreased by 3339.6% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.18 Billion | 589.14% |
| Other Comprehensive Income | CN¥66.38 Million | 33.12% |
| Other Components | CN¥784.32 Million | 391.32% |
| Total Equity | CN¥200.43 Million | 100.00% |
China Western Power Industrial Co Ltd Competitors by Market Cap
The table below lists competitors of China Western Power Industrial Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Momentum Group AB Series B
LSE:0RTK
|
$325.03 Million |
|
Chief Telecom Inc
TWO:6561
|
$325.14 Million |
|
NOTE AB SK-50
F:NQA
|
$325.23 Million |
|
Shanghai Kehua Bio-Engineering Co Ltd
SHE:002022
|
$325.38 Million |
|
Anhui Zhonghuan Environmental Protection Technology Co Ltd
SHE:300692
|
$324.95 Million |
|
Anhui Fengyuan Pharmaceutical Co Ltd
SHE:000153
|
$324.94 Million |
|
BOTH Engineering Technology Co. Ltd. A
SHG:601133
|
$324.90 Million |
|
Coca-Cola Embonor S.A
SN:EMBONOR-B
|
$324.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Western Power Industrial Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 605,158,723 to 200,427,311, a change of -404,731,412 (-66.9%).
- Net loss of 348,228,558 reduced equity.
- Dividend payments of 99,989,770 reduced retained earnings.
- Other comprehensive income increased equity by 160,417,119.
- Other factors decreased equity by 116,930,203.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-348.23 Million | -173.74% |
| Dividends Paid | CN¥99.99 Million | -49.89% |
| Other Comprehensive Income | CN¥160.42 Million | +80.04% |
| Other Changes | CN¥-116.93 Million | -58.34% |
| Total Change | CN¥- | -66.88% |
Book Value vs Market Value Analysis
This analysis compares China Western Power Industrial 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: 13.61x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has increased from 7.58x to 13.61x over the analyzed period, suggesting growing market confidence.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2006-12-31 | CN¥0.30 | CN¥2.31 | x |
| 2007-12-31 | CN¥0.60 | CN¥2.31 | x |
| 2008-12-31 | CN¥0.70 | CN¥2.31 | x |
| 2009-12-31 | CN¥0.88 | CN¥2.31 | x |
| 2010-12-31 | CN¥1.16 | CN¥2.31 | x |
| 2011-12-31 | CN¥2.10 | CN¥2.31 | x |
| 2012-12-31 | CN¥1.71 | CN¥2.31 | x |
| 2013-12-31 | CN¥3.30 | CN¥2.31 | x |
| 2014-12-31 | CN¥2.34 | CN¥2.31 | x |
| 2015-12-31 | CN¥2.46 | CN¥2.31 | x |
| 2016-12-31 | CN¥2.61 | CN¥2.31 | x |
| 2017-12-31 | CN¥2.76 | CN¥2.31 | x |
| 2018-12-31 | CN¥2.67 | CN¥2.31 | x |
| 2019-12-31 | CN¥2.68 | CN¥2.31 | x |
| 2020-12-31 | CN¥2.10 | CN¥2.31 | x |
| 2021-12-31 | CN¥1.40 | CN¥2.31 | x |
| 2022-12-31 | CN¥0.75 | CN¥2.31 | x |
| 2023-12-31 | CN¥0.51 | CN¥2.31 | x |
| 2024-12-31 | CN¥0.17 | CN¥2.31 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Western Power Industrial 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): -173.74%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -13.43%
- • Asset Turnover: 0.27x
- • Equity Multiplier: 48.04x
- Recent ROE (-173.74%) is below the historical average (-10.54%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2006 | 32.53% | 5.65% | 0.71x | 8.06x | CN¥39.56 Million |
| 2007 | 28.71% | 9.04% | 0.82x | 3.88x | CN¥66.35 Million |
| 2008 | 21.19% | 7.10% | 0.88x | 3.38x | CN¥49.80 Million |
| 2009 | 16.95% | 7.09% | 0.64x | 3.76x | CN¥38.84 Million |
| 2010 | 11.19% | 5.75% | 0.59x | 3.30x | CN¥9.46 Million |
| 2011 | 6.58% | 5.36% | 0.48x | 2.58x | CN¥-53.25 Million |
| 2012 | 6.29% | 4.22% | 0.49x | 3.03x | CN¥-61.15 Million |
| 2013 | 7.45% | 4.19% | 0.60x | 2.96x | CN¥-44.94 Million |
| 2014 | 5.44% | 4.56% | 0.46x | 2.61x | CN¥-125.07 Million |
| 2015 | 6.83% | 5.36% | 0.40x | 3.15x | CN¥-92.26 Million |
| 2016 | 6.65% | 6.03% | 0.32x | 3.44x | CN¥-103.47 Million |
| 2017 | 5.92% | 4.66% | 0.29x | 4.38x | CN¥-133.03 Million |
| 2018 | -4.52% | -3.90% | 0.25x | 4.66x | CN¥-457.18 Million |
| 2019 | 1.16% | 1.01% | 0.28x | 4.07x | CN¥-279.40 Million |
| 2020 | -19.32% | -21.72% | 0.18x | 5.01x | CN¥-727.54 Million |
| 2021 | -41.70% | -45.36% | 0.14x | 6.79x | CN¥-853.19 Million |
| 2022 | -85.88% | -89.03% | 0.08x | 11.41x | CN¥-853.99 Million |
| 2023 | -31.90% | -10.34% | 0.19x | 16.52x | CN¥-253.58 Million |
| 2024 | -173.74% | -13.43% | 0.27x | 48.04x | CN¥-368.27 Million |
Industry Comparison
This section compares China Western Power Industrial Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $1,569,233,767
- Average return on equity (ROE) among peers: 5.20%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China Western Power Industrial Co Ltd (002630) | CN¥390.23 Million | 32.53% | 23.27x | $325.01 Million |
| Huayi Compressor Co Ltd (000404) | $4.26 Billion | 2.35% | 1.40x | $442.61 Million |
| Shenyang Machine Tool Co Ltd (000410) | $665.41 Million | 10.13% | 1.41x | $1.49 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $3.61 Billion | 10.56% | 0.36x | $1.93 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $1.16 Billion | 7.64% | 0.59x | $518.05 Million |
| Changchai Co Ltd (000570) | $1.16 Billion | -7.27% | 0.64x | $384.56 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $476.85 Million | 1.36% | 1.42x | $25.43 Million |
| Baota Industry Co Ltd (000595) | $352.33 Million | 0.81% | 1.70x | $533.76 Million |
| SUFA Technology Industry Co Ltd CNNC (000777) | $260.61 Million | 10.90% | 0.50x | $943.61 Million |
| J.S. Corrugating Machinery Co Ltd (000821) | $863.72 Million | 10.27% | 0.62x | $759.53 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $2.89 Billion | 5.30% | 2.21x | $880.10 Million |