Shenzhen Nanshan Power Co Ltd (200037) - Net Assets

Latest as of June 2025: HK$1.49 Billion HKD ≈ $189.81 Million USD

Based on the latest financial reports, Shenzhen Nanshan Power Co Ltd (200037) has net assets worth HK$1.49 Billion HKD (≈ $189.81 Million USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (HK$1.98 Billion ≈ $253.10 Million USD) and total liabilities (HK$495.76 Million ≈ $63.29 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 Shenzhen Nanshan Power Co Ltd (200037) liquid assets ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	HK$1.49 Billion
% of Total Assets	75.0%
Annual Growth Rate	11.88%
5-Year Change	-27.77%
10-Year Change	N/A
Growth Volatility	85.9

Shenzhen Nanshan Power Co Ltd - Net Assets Trend (2015–2024)

This chart illustrates how Shenzhen Nanshan Power Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Shenzhen Nanshan Power Co Ltd assets under control for the complete picture of this company's asset base.

Annual Net Assets for Shenzhen Nanshan Power Co Ltd (2015–2024)

The table below shows the annual net assets of Shenzhen Nanshan Power Co Ltd from 2015 to 2024. For live valuation and market cap data, see Shenzhen Nanshan Power Co Ltd stock valuation.

Year	Net Assets	Change
2024-12-31	HK$1.51 Billion ≈ $192.49 Million	+8.42%
2023-12-31	HK$1.39 Billion ≈ $177.54 Million	-0.14%
2022-12-31	HK$1.39 Billion ≈ $177.80 Million	-11.75%
2021-12-31	HK$1.58 Billion ≈ $201.48 Million	-24.40%
2020-12-31	HK$2.09 Billion ≈ $266.51 Million	+1.22%
2019-12-31	HK$2.06 Billion ≈ $263.29 Million	+1.26%
2018-12-31	HK$2.04 Billion ≈ $260.01 Million	+0.62%
2017-12-31	HK$2.02 Billion ≈ $258.42 Million	+0.02%
2016-12-31	HK$2.02 Billion ≈ $258.37 Million	+268.72%
2015-12-31	HK$548.91 Million ≈ $70.07 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shenzhen Nanshan Power 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 51477005581.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	HK$185.26 Million	12.47%
Other Components	HK$1.30 Billion	87.53%
Total Equity	HK$1.49 Billion	100.00%

Shenzhen Nanshan Power Co Ltd Competitors by Market Cap

The table below lists competitors of Shenzhen Nanshan Power Co Ltd ranked by their market capitalization.

Company	Market Cap
Soonest Express Co Ltd TWO:2643	$73.77 Million
Info Yatirim AS IS:INFO	$73.78 Million
Wintergreen Acquisition Corp. Ordinary Shares NASDAQ:WTG	$73.84 Million
Fortune Information Systems Corp TW:2468	$73.84 Million
Kuantum Papers Limited NSE:KUANTUM	$73.76 Million
Mallcom (India) Limited NSE:MALLCOM	$73.74 Million
Nurol Gayrimenkul Yatirim Ortakligi AS IS:NUGYO	$73.68 Million
Inmobiliaria Manquehue S.A SN:MANQUEHUE	$73.68 Million

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 1,459,288,692 to 1,485,380,575, a change of 26,091,883 (1.8%).
Net income of 21,908,829 contributed positively to equity growth.
Dividend payments of 8,221,445 reduced retained earnings.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	HK$21.91 Million	+1.47%
Dividends Paid	HK$8.22 Million	-0.55%
Other Changes	HK$12.40 Million	+0.84%
Total Change	HK$-	1.79%

Book Value vs Market Value Analysis

This analysis compares Shenzhen Nanshan Power 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: 0.89x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has increased from 0.67x to 0.89x over the analyzed period, suggesting growing market confidence.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2017-12-31	HK$3.25	HK$2.19	x
2018-12-31	HK$3.28	HK$2.19	x
2019-12-31	HK$3.32	HK$2.19	x
2020-12-31	HK$3.41	HK$2.19	x
2021-12-31	HK$2.68	HK$2.19	x
2022-12-31	HK$2.41	HK$2.19	x
2023-12-31	HK$2.42	HK$2.19	x
2024-12-31	HK$2.46	HK$2.19	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenzhen Nanshan Power 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): 1.47%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.95%
• Asset Turnover: 0.22x
• Equity Multiplier: 1.36x
Recent ROE (1.47%) is above the historical average (-6.28%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2015	-99.78%	-47.18%	0.29x	7.20x	HK$-698.22 Million
2016	67.26%	83.01%	0.36x	2.25x	HK$1.11 Billion
2017	0.81%	0.78%	0.71x	1.47x	HK$-179.96 Million
2018	0.97%	1.02%	0.57x	1.67x	HK$-178.53 Million
2019	1.24%	2.04%	0.38x	1.61x	HK$-175.38 Million
2020	3.12%	6.50%	0.33x	1.47x	HK$-141.45 Million
2021	-27.21%	-58.04%	0.27x	1.73x	HK$-600.98 Million
2022	-11.01%	-23.07%	0.27x	1.79x	HK$-305.68 Million
2023	0.28%	0.71%	0.29x	1.40x	HK$-141.77 Million
2024	1.47%	4.95%	0.22x	1.36x	HK$-126.63 Million

Industry Comparison

This section compares Shenzhen Nanshan Power 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: $8,562,505,815
Average return on equity (ROE) among peers: 5.23%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shenzhen Nanshan Power Co Ltd (200037)	HK$1.49 Billion	-99.78%	0.33x	$73.76 Million
Shenzhen Energy Group Co Ltd (000027)	$55.83 Billion	3.66%	1.75x	$4.76 Billion
Shenzhen Nanshan Power Co Ltd (000037)	$552.66 Million	12.87%	0.84x	$535.60 Million
Guangzhou Hengyun Enterprises Holding Ltd (000531)	$5.85 Billion	2.74%	1.73x	$1.07 Billion
An Hui Wenergy Co Ltd (000543)	$2.25 Billion	9.29%	0.06x	$2.68 Billion
Jointo Energy Investment Co Ltd Hebei (000600)	$13.88 Billion	4.61%	1.33x	$2.51 Billion
Guangdong Shaoneng Group Co Ltd (000601)	$2.77 Billion	3.03%	1.64x	$1.02 Billion
Tianjin Binhai Energy & Development Co Ltd (000695)	$234.58 Million	-7.72%	2.57x	$525.65 Million
Shanxi Zhangze Electric Power Co Ltd (000767)	$486.29 Million	8.21%	2.02x	$1.70 Billion
Jilin Power Share Co Ltd (000875)	$2.44 Billion	3.19%	0.12x	$3.47 Billion
Jiangxi Ganneng Co Ltd (000899)	$1.33 Billion	12.45%	3.67x	$1.78 Billion

About Shenzhen Nanshan Power Co Ltd

SHE:200037 China Utilities - Regulated Electric

Market Cap

$73.76 Million

HK$577.84 Million HKD

Market Cap Rank

#20371 Global

#4698 in China

Share Price

HK$2.19

Change (1 day)

-0.90%

52-Week Range

HK$1.67 - HK$2.26

All Time High

HK$6.56