Beijing HuaYuanYiTong Thermal Technology Co Ltd (002893) - Net Assets
Based on the latest financial reports, Beijing HuaYuanYiTong Thermal Technology Co Ltd (002893) has net assets worth CN¥1.62 Billion CNY (≈ $237.66 Million 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¥2.82 Billion ≈ $411.93 Million USD) and total liabilities (CN¥1.19 Billion ≈ $174.28 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. Also explore Beijing HuaYuanYiTong Thermal Technology asset portfolio for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.62 Billion |
| % of Total Assets | 57.69% |
| Annual Growth Rate | 30.95% |
| 5-Year Change | 124.14% |
| 10-Year Change | 321.41% |
| Growth Volatility | 82.36 |
Beijing HuaYuanYiTong Thermal Technology Co Ltd - Net Assets Trend (2012–2025)
This chart illustrates how Beijing HuaYuanYiTong Thermal Technology Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 002893 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Beijing HuaYuanYiTong Thermal Technology Co Ltd (2012–2025)
The table below shows the annual net assets of Beijing HuaYuanYiTong Thermal Technology Co Ltd from 2012 to 2025. For live valuation and market cap data, see 002893 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.43 Billion ≈ $209.47 Million |
+20.18% |
| 2024-12-31 | CN¥1.19 Billion ≈ $174.30 Million |
+4.92% |
| 2023-12-31 | CN¥1.14 Billion ≈ $166.12 Million |
+69.55% |
| 2022-12-31 | CN¥669.56 Million ≈ $97.98 Million |
+4.84% |
| 2021-12-31 | CN¥638.66 Million ≈ $93.46 Million |
+4.57% |
| 2020-12-31 | CN¥610.78 Million ≈ $89.38 Million |
-3.98% |
| 2019-12-31 | CN¥636.13 Million ≈ $93.09 Million |
-0.27% |
| 2018-12-31 | CN¥637.83 Million ≈ $93.34 Million |
+4.58% |
| 2017-12-31 | CN¥609.89 Million ≈ $89.25 Million |
+79.54% |
| 2016-12-31 | CN¥339.69 Million ≈ $49.71 Million |
+18.20% |
| 2015-12-31 | CN¥287.39 Million ≈ $42.05 Million |
+21.48% |
| 2014-12-31 | CN¥236.57 Million ≈ $34.62 Million |
+32.22% |
| 2013-12-31 | CN¥178.92 Million ≈ $26.18 Million |
+315.94% |
| 2012-12-31 | CN¥43.02 Million ≈ $6.29 Million |
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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 43331803882.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥418.36 Million | 34.27% |
| Other Components | CN¥802.35 Million | 65.73% |
| Total Equity | CN¥1.22 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 |
|---|---|
|
Siamgas and Petrochemicals Public Company Limited
BK:SGP-R
|
$378.08 Million |
|
Beijing Transtrue Technology Inc
SHE:002771
|
$378.16 Million |
|
Jinsanjiang (Zhaoqing) Silicon Material Company Limited
SHE:301059
|
$378.16 Million |
|
Mezzion Pharma Co.Ltd
KQ:140410
|
$378.20 Million |
|
Tarczynski S.A.
WAR:TAR
|
$377.86 Million |
|
Shanghai Trendzone Decor Grp
SHG:603030
|
$377.71 Million |
|
Shenzhen Bioeasy Biotechnology Co. Ltd.
SHE:300942
|
$377.59 Million |
|
Swedencare publ AB
ST:SECARE
|
$377.57 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 2024 to 2025, total equity changed from 1,181,667,914 to 1,220,701,971, a change of 39,034,057 (3.3%).
- Net income of 62,278,913 contributed positively to equity growth.
- Dividend payments of 31,907,806 reduced retained earnings.
- Other comprehensive income decreased equity by 49,006,265.
- Other factors increased equity by 57,669,215.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥62.28 Million | +5.1% |
| Dividends Paid | CN¥31.91 Million | -2.61% |
| Other Comprehensive Income | CN¥-49.01 Million | -4.01% |
| Other Changes | CN¥57.67 Million | +4.72% |
| Total Change | CN¥- | 3.30% |
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: 2.12x
- 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 34.44x to 2.12x 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¥9.80 | x |
| 2013-12-31 | CN¥1.18 | CN¥9.80 | x |
| 2014-12-31 | CN¥1.50 | CN¥9.80 | x |
| 2015-12-31 | CN¥1.80 | CN¥9.80 | x |
| 2016-12-31 | CN¥2.13 | CN¥9.80 | x |
| 2017-12-31 | CN¥3.63 | CN¥9.80 | x |
| 2018-12-31 | CN¥3.12 | CN¥9.80 | x |
| 2019-12-31 | CN¥3.10 | CN¥9.80 | x |
| 2020-12-31 | CN¥2.97 | CN¥9.80 | x |
| 2021-12-31 | CN¥3.24 | CN¥9.80 | x |
| 2022-12-31 | CN¥3.22 | CN¥9.80 | x |
| 2023-12-31 | CN¥5.37 | CN¥9.80 | x |
| 2024-12-31 | CN¥4.42 | CN¥9.80 | x |
| 2025-12-31 | CN¥4.63 | CN¥9.80 | 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): 5.10%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.67%
- • Asset Turnover: 0.44x
- • Equity Multiplier: 2.49x
- Recent ROE (5.10%) is below the historical average (12.97%), 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 | 4.84% | 5.03% | 0.45x | 2.13x | CN¥-58.21 Million |
| 2024 | 5.65% | 6.24% | 0.44x | 2.08x | CN¥-51.40 Million |
| 2025 | 5.10% | 4.67% | 0.44x | 2.49x | CN¥-59.79 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: $4,780,760,436
- Average return on equity (ROE) among peers: 2.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing HuaYuanYiTong Thermal Technology Co Ltd (002893) | CN¥1.62 Billion | 55.62% | 0.73x | $378.07 Million |
| Shenzhen Energy Group Co Ltd (000027) | $4.63 Billion | 8.48% | 0.68x | $4.59 Billion |
| Shenzhen Nanshan Power Co Ltd (000037) | $1.94 Billion | 0.56% | 1.58x | $499.90 Million |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $2.22 Billion | 3.18% | 1.92x | $914.34 Million |
| An Hui Wenergy Co Ltd (000543) | $358.78 Million | 13.14% | 0.02x | $2.70 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $5.18 Billion | 16.53% | 2.47x | $2.29 Billion |
| Guangdong Shaoneng Group Co Ltd (000601) | $1.29 Billion | 8.28% | 0.54x | $1.02 Billion |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $401.76 Million | 6.10% | 1.28x | $430.69 Million |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $2.23 Billion | -42.99% | 3.66x | $1.70 Billion |
| Jilin Power Share Co Ltd (000875) | $24.90 Billion | 4.41% | 2.33x | $2.96 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $4.66 Billion | 4.05% | 0.63x | $1.58 Billion |
About 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