Beijing HuaYuanYiTong Thermal Technology Co Ltd
Beijing Jingneng Thermal Co., Ltd. engages in the heating business in China. It is involved in the transformation of heating facilities and pipelines, the improvement of smoke exhaust and dust removal systems, pollutant emissions meeting standards, etc. The company was formerly known as Beijing Huayuanyitong Thermal Technology Co., Ltd. and changed its name to Beijing Jingneng Thermal Co., Ltd. i… Read more
Beijing HuaYuanYiTong Thermal Technology Co Ltd (002893) - Net Assets
Latest net assets as of September 2025: CN¥1.41 Billion CNY
Based on the latest financial reports, Beijing HuaYuanYiTong Thermal Technology Co Ltd (002893) has net assets worth CN¥1.41 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¥2.59 Billion) and total liabilities (CN¥1.18 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¥1.41 Billion |
| % of Total Assets | 54.42% |
| Annual Growth Rate | 31.88% |
| 5-Year Change | 95.01% |
| 10-Year Change | 314.46% |
| Growth Volatility | 85.42 |
Beijing HuaYuanYiTong Thermal Technology Co Ltd - Net Assets Trend (2012–2024)
This chart illustrates how Beijing HuaYuanYiTong Thermal Technology 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 Beijing HuaYuanYiTong Thermal Technology Co Ltd (2012–2024)
The table below shows the annual net assets of Beijing HuaYuanYiTong Thermal Technology Co Ltd from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.19 Billion | +4.92% |
| 2023-12-31 | CN¥1.14 Billion | +69.55% |
| 2022-12-31 | CN¥669.56 Million | +4.84% |
| 2021-12-31 | CN¥638.66 Million | +4.57% |
| 2020-12-31 | CN¥610.78 Million | -3.98% |
| 2019-12-31 | CN¥636.13 Million | -0.27% |
| 2018-12-31 | CN¥637.83 Million | +4.58% |
| 2017-12-31 | CN¥609.89 Million | +79.54% |
| 2016-12-31 | CN¥339.69 Million | +18.20% |
| 2015-12-31 | CN¥287.39 Million | +21.48% |
| 2014-12-31 | CN¥236.57 Million | +32.22% |
| 2013-12-31 | CN¥178.92 Million | +315.94% |
| 2012-12-31 | CN¥43.02 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Beijing HuaYuanYiTong Thermal Technology 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 39683835065.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥381.88 Million | 32.32% |
| Common Stock | CN¥263.64 Million | 22.31% |
| Other Comprehensive Income | CN¥49.01 Million | 4.15% |
| Other Components | CN¥487.15 Million | 41.23% |
| Total Equity | CN¥1.18 Billion | 100.00% |
Beijing HuaYuanYiTong Thermal Technology Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing HuaYuanYiTong Thermal Technology Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BlackRock Technology and Private Equity Term Trust
NYSE:BTX
|
$221.00 Million |
|
Grand Industrial Holding Co Ltd
SHE:000626
|
$221.00 Million |
|
2CRSI S.A.
PA:AL2SI
|
$221.00 Million |
|
PYCXF
PINK:PYCXF
|
$221.01 Million |
|
Sizzle Acquisition Corp. II - Class A ordinary shares
NASDAQ:SZZL
|
$220.99 Million |
|
PARKEN Sport & Entertainment
CO:PARKEN
|
$220.98 Million |
|
Morningstar Japan K.K
F:MJP
|
$220.91 Million |
|
Roman DBDR Acquisition Corp. II Unit
NASDAQ:DRDBU
|
$220.89 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing HuaYuanYiTong Thermal Technology Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,128,301,931 to 1,181,667,914, a change of 53,365,983 (4.7%).
- Net income of 66,765,316 contributed positively to equity growth.
- Dividend payments of 30,856,911 reduced retained earnings.
- Other comprehensive income increased equity by 49,006,265.
- Other factors decreased equity by 31,548,687.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥66.77 Million | +5.65% |
| Dividends Paid | CN¥30.86 Million | -2.61% |
| Other Comprehensive Income | CN¥49.01 Million | +4.15% |
| Other Changes | CN¥-31.55 Million | -2.67% |
| Total Change | CN¥- | 4.73% |
Book Value vs Market Value Analysis
This analysis compares Beijing HuaYuanYiTong Thermal Technology 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: 2.51x
- 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 39.04x to 2.51x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.28 | CN¥11.11 | x |
| 2013-12-31 | CN¥1.18 | CN¥11.11 | x |
| 2014-12-31 | CN¥1.50 | CN¥11.11 | x |
| 2015-12-31 | CN¥1.80 | CN¥11.11 | x |
| 2016-12-31 | CN¥2.13 | CN¥11.11 | x |
| 2017-12-31 | CN¥3.63 | CN¥11.11 | x |
| 2018-12-31 | CN¥4.05 | CN¥11.11 | x |
| 2019-12-31 | CN¥3.14 | CN¥11.11 | x |
| 2020-12-31 | CN¥3.02 | CN¥11.11 | x |
| 2021-12-31 | CN¥3.12 | CN¥11.11 | x |
| 2022-12-31 | CN¥3.27 | CN¥11.11 | x |
| 2023-12-31 | CN¥5.39 | CN¥11.11 | x |
| 2024-12-31 | CN¥4.42 | CN¥11.11 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing HuaYuanYiTong Thermal Technology 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): 5.65%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.24%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 2.08x
- Recent ROE (5.65%) is below the historical average (13.56%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 55.62% | 4.40% | 0.99x | 12.80x | CN¥19.62 Million |
| 2013 | 20.53% | 5.73% | 0.87x | 4.13x | CN¥18.84 Million |
| 2014 | 19.73% | 6.10% | 0.73x | 4.41x | CN¥22.06 Million |
| 2015 | 18.09% | 5.79% | 0.71x | 4.41x | CN¥22.17 Million |
| 2016 | 15.29% | 5.73% | 0.69x | 3.87x | CN¥17.12 Million |
| 2017 | 8.80% | 5.71% | 0.54x | 2.86x | CN¥-7.13 Million |
| 2018 | 6.83% | 4.42% | 0.52x | 2.95x | CN¥-19.83 Million |
| 2019 | 7.43% | 5.14% | 0.46x | 3.17x | CN¥-16.35 Million |
| 2020 | 4.72% | 3.00% | 0.43x | 3.63x | CN¥-31.99 Million |
| 2021 | 4.33% | 2.72% | 0.49x | 3.26x | CN¥-35.89 Million |
| 2022 | 4.65% | 3.00% | 0.50x | 3.12x | CN¥-35.48 Million |
| 2023 | 4.64% | 4.83% | 0.45x | 2.13x | CN¥-60.47 Million |
| 2024 | 5.65% | 6.24% | 0.44x | 2.08x | CN¥-51.40 Million |
Industry Comparison
This section compares Beijing HuaYuanYiTong Thermal Technology 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: $2,914,861,497
- Average return on equity (ROE) among peers: 6.69%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing HuaYuanYiTong Thermal Technology Co Ltd (002893) | CN¥1.41 Billion | 55.62% | 0.84x | $220.99 Million |
| Shenzhen Energy Group Co Ltd (000027) | $8.19 Billion | 8.94% | 0.37x | $1.14 Billion |
| Shenzhen Nanshan Power Co Ltd (000037) | $606.17 Million | 19.16% | 0.66x | $463.41 Million |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $425.31 Million | 6.99% | 1.07x | $362.93 Million |
| An Hui Wenergy Co Ltd (000543) | $2.32 Billion | 7.87% | 0.16x | $1.11 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $875.38 Million | 4.87% | 2.31x | $810.91 Million |
| Guangdong Shaoneng Group Co Ltd (000601) | $2.77 Billion | 3.03% | 1.64x | $561.99 Million |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $345.13 Million | 0.89% | 2.45x | $262.05 Million |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $1.84 Billion | 11.37% | 1.54x | $768.72 Million |
| Jilin Power Share Co Ltd (000875) | $10.34 Billion | 1.11% | 2.84x | $2.25 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $1.43 Billion | 2.70% | 0.12x | $507.45 Million |