CGN Power (003816) - Net Assets

Latest as of December 2025: CN¥178.08 Billion CNY ≈ $26.06 Billion USD

Based on the latest financial reports, CGN Power (003816) has net assets worth CN¥178.08 Billion CNY (≈ $26.06 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥506.02 Billion ≈ $74.05 Billion USD) and total liabilities (CN¥327.94 Billion ≈ $47.99 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 CGN Power liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥178.08 Billion
% of Total Assets	35.19%
Annual Growth Rate	11.1%
5-Year Change	17.97%
10-Year Change	117.44%
Growth Volatility	18.34

CGN Power - Net Assets Trend (2013–2025)

This chart illustrates how CGN Power's net assets have evolved over time, based on quarterly financial data. Also explore 003816 total assets for the complete picture of this company's asset base.

Annual Net Assets for CGN Power (2013–2025)

The table below shows the annual net assets of CGN Power from 2013 to 2025. For live valuation and market cap data, see CGN Power stock valuation.

Year	Net Assets	Change
2025-12-31	CN¥178.08 Billion ≈ $26.06 Billion	+3.34%
2024-12-31	CN¥172.32 Billion ≈ $25.22 Billion	+4.24%
2023-12-31	CN¥165.30 Billion ≈ $24.19 Billion	+4.67%
2022-12-31	CN¥157.93 Billion ≈ $23.11 Billion	+4.63%
2021-12-31	CN¥150.95 Billion ≈ $22.09 Billion	+6.58%
2020-12-31	CN¥141.63 Billion ≈ $20.73 Billion	+4.68%
2019-12-31	CN¥135.29 Billion ≈ $19.80 Billion	+19.60%
2018-12-31	CN¥113.13 Billion ≈ $16.55 Billion	+12.12%
2017-12-31	CN¥100.90 Billion ≈ $14.76 Billion	+23.20%
2016-12-31	CN¥81.90 Billion ≈ $11.98 Billion	-4.01%
2015-12-31	CN¥85.32 Billion ≈ $12.48 Billion	+0.81%
2014-12-31	CN¥84.64 Billion ≈ $12.38 Billion	+68.11%
2013-12-31	CN¥50.35 Billion ≈ $7.37 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to CGN Power'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 413.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥53.45 Billion	43.39%
Common Stock	CN¥50.50 Billion	40.99%
Other Comprehensive Income	CN¥-12.30 Billion	-9.99%
Other Components	CN¥31.55 Billion	25.61%
Total Equity	CN¥123.19 Billion	100.00%

CGN Power Competitors by Market Cap

The table below lists competitors of CGN Power ranked by their market capitalization.

Company	Market Cap
Zijin Mining Group Company Limited F:FJZ	$26.37 Billion
Ecopetrol S.A F:ECHA	$26.40 Billion
Sampo Oyj A HE:SAMPO	$26.48 Billion
WOODSIDE ENE. SP.ADR 1 F:WOP	$26.53 Billion
Rollins Inc NYSE:ROL	$26.35 Billion
Firstrand Ltd JSE:FSR	$26.22 Billion
Huntington Bancshares Incorporated NASDAQ:HBAN	$26.19 Billion
Tata Steel Limited IL:TTST	$26.15 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in CGN Power's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 119,441,294,000 to 123,188,474,000, a change of 3,747,180,000 (3.1%).
Net income of 9,765,359,000 contributed positively to equity growth.
Dividend payments of 4,792,850,000 reduced retained earnings.
Other comprehensive income increased equity by 1,880,573,000.
Other factors decreased equity by 3,105,902,000.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥9.77 Billion	+7.93%
Dividends Paid	CN¥4.79 Billion	-3.89%
Other Comprehensive Income	CN¥1.88 Billion	+1.53%
Other Changes	CN¥-3.11 Billion	-2.52%
Total Change	CN¥-	3.14%

Book Value vs Market Value Analysis

This analysis compares CGN Power'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: 1.90x
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 4.26x to 1.90x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2013-12-31	CN¥1.08	CN¥4.58	x
2014-12-31	CN¥1.89	CN¥4.58	x
2015-12-31	CN¥1.34	CN¥4.58	x
2016-12-31	CN¥1.24	CN¥4.58	x
2017-12-31	CN¥1.43	CN¥4.58	x
2018-12-31	CN¥1.56	CN¥4.58	x
2019-12-31	CN¥1.91	CN¥4.58	x
2020-12-31	CN¥1.89	CN¥4.58	x
2021-12-31	CN¥2.00	CN¥4.58	x
2022-12-31	CN¥2.12	CN¥4.58	x
2023-12-31	CN¥2.24	CN¥4.58	x
2024-12-31	CN¥2.37	CN¥4.58	x
2025-12-31	CN¥2.41	CN¥4.58	x

Capital Efficiency Dashboard

This dashboard shows how efficiently CGN Power 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): 7.93%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.01%
• Asset Turnover: 0.15x
• Equity Multiplier: 4.11x
Recent ROE (7.93%) is below the historical average (10.82%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2013	13.45%	24.52%	0.09x	5.90x	CN¥1.08 Billion
2014	9.84%	30.34%	0.08x	4.22x	CN¥-98.99 Million
2015	11.55%	26.69%	0.10x	4.46x	CN¥943.84 Million
2016	12.89%	22.45%	0.11x	5.09x	CN¥1.63 Billion
2017	14.65%	21.12%	0.13x	5.51x	CN¥3.02 Billion
2018	12.24%	17.12%	0.14x	5.18x	CN¥1.59 Billion
2019	10.54%	15.55%	0.16x	4.32x	CN¥485.50 Million
2020	10.04%	13.55%	0.18x	4.11x	CN¥34.98 Million
2021	9.67%	12.10%	0.20x	3.96x	CN¥-330.04 Million
2022	9.31%	12.03%	0.20x	3.82x	CN¥-738.84 Million
2023	9.47%	12.99%	0.20x	3.67x	CN¥-599.02 Million
2024	9.05%	12.46%	0.20x	3.56x	CN¥-1.13 Billion
2025	7.93%	13.01%	0.15x	4.11x	CN¥-2.55 Billion

Industry Comparison

This section compares CGN Power's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.

Industry Context

Industry: Utilities - Independent Power Producers
Average net assets among peers: $10,898,817,007
Average return on equity (ROE) among peers: -0.36%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
CGN Power (003816)	CN¥178.08 Billion	13.45%	1.84x	$26.36 Billion
Guangdong Baolihua New Energy Stock Co LTD (000690)	$334.99 Million	13.25%	0.48x	$1.68 Billion
Henan BCCY Environmental Energy Co. Ltd (300614)	$1.28 Billion	-22.09%	0.72x	$324.93 Million
Huaneng Power International Inc (600011)	$21.12 Billion	9.54%	0.92x	$11.25 Billion
Zhejiang Zheneng Electric Power Co Ltd (600023)	$34.90 Billion	6.30%	1.16x	$11.18 Billion
Beijing Jingneng Power Co Ltd (600578)	$717.66 Million	14.26%	1.57x	$4.78 Billion
Sichuan Chuantou Energy Co Ltd (600674)	$8.83 Billion	4.65%	0.78x	$10.92 Billion
Dalian Thermal Power Co Ltd (600719)	$597.16 Million	-23.98%	3.71x	$458.84 Million
Huadian Energy (600726)	$6.74 Billion	-15.07%	3.90x	$7.21 Billion
Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd (600863)	$23.58 Billion	9.86%	0.69x	$5.32 Billion

About CGN Power

SHE:003816 China Utilities - Independent Power Producers

Market Cap

$26.36 Billion

CN¥180.15 Billion CNY

Market Cap Rank

#992 Global

#70 in China

Share Price

CN¥4.58

Change (1 day)

+0.88%

52-Week Range

CN¥3.56 - CN¥4.71

All Time High

CN¥5.21