Shanghai Taisheng Wind Power (300129) - Net Assets
Based on the latest financial reports, Shanghai Taisheng Wind Power (300129) has net assets worth CN¥4.65 Billion CNY (≈ $680.13 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥10.39 Billion ≈ $1.52 Billion USD) and total liabilities (CN¥5.74 Billion ≈ $839.66 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 how resilient are Shanghai Taisheng Wind Power's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥4.65 Billion |
| % of Total Assets | 44.75% |
| Annual Growth Rate | 27.43% |
| 5-Year Change | 71.9% |
| 10-Year Change | 128.89% |
| Growth Volatility | 86.67 |
Shanghai Taisheng Wind Power - Net Assets Trend (2007–2024)
This chart illustrates how Shanghai Taisheng Wind Power's net assets have evolved over time, based on quarterly financial data. Also explore 300129 total assets for the complete picture of this company's asset base.
Annual Net Assets for Shanghai Taisheng Wind Power (2007–2024)
The table below shows the annual net assets of Shanghai Taisheng Wind Power from 2007 to 2024. For live valuation and market cap data, see market value of Shanghai Taisheng Wind Power.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.49 Billion ≈ $657.53 Million |
+3.57% |
| 2023-12-31 | CN¥4.34 Billion ≈ $634.85 Million |
+6.90% |
| 2022-12-31 | CN¥4.06 Billion ≈ $593.85 Million |
+46.09% |
| 2021-12-31 | CN¥2.78 Billion ≈ $406.49 Million |
+6.27% |
| 2020-12-31 | CN¥2.61 Billion ≈ $382.50 Million |
+12.52% |
| 2019-12-31 | CN¥2.32 Billion ≈ $339.93 Million |
+5.11% |
| 2018-12-31 | CN¥2.21 Billion ≈ $323.41 Million |
-2.10% |
| 2017-12-31 | CN¥2.26 Billion ≈ $330.33 Million |
+4.98% |
| 2016-12-31 | CN¥2.15 Billion ≈ $314.65 Million |
+9.53% |
| 2015-12-31 | CN¥1.96 Billion ≈ $287.28 Million |
+14.60% |
| 2014-12-31 | CN¥1.71 Billion ≈ $250.68 Million |
+4.60% |
| 2013-12-31 | CN¥1.64 Billion ≈ $239.65 Million |
+15.87% |
| 2012-12-31 | CN¥1.41 Billion ≈ $206.83 Million |
+5.06% |
| 2011-12-31 | CN¥1.35 Billion ≈ $196.87 Million |
+2.99% |
| 2010-12-31 | CN¥1.31 Billion ≈ $191.16 Million |
+333.79% |
| 2009-12-31 | CN¥301.14 Million ≈ $44.07 Million |
+35.91% |
| 2008-12-31 | CN¥221.57 Million ≈ $32.42 Million |
+203.84% |
| 2007-12-31 | CN¥72.92 Million ≈ $10.67 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shanghai Taisheng Wind 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 6091.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.79 Billion | 40.52% |
| Common Stock | CN¥934.90 Million | 21.11% |
| Other Comprehensive Income | CN¥137.52 Million | 3.11% |
| Other Components | CN¥1.56 Billion | 35.26% |
| Total Equity | CN¥4.43 Billion | 100.00% |
Shanghai Taisheng Wind Power Competitors by Market Cap
The table below lists competitors of Shanghai Taisheng Wind Power ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Addus HomeCare Corporation
NASDAQ:ADUS
|
$1.84 Billion |
|
Champion Iron Ltd
TO:CIA
|
$1.84 Billion |
|
Stanley Fertilizer Co Ltd
SHE:002588
|
$1.84 Billion |
|
Jyoti CNC Automation Limited
NSE:JYOTICNC
|
$1.84 Billion |
|
Pimco Dynamic Income Opportunities Fund
NYSE:PDO
|
$1.84 Billion |
|
Beijing Sojo Electric Co Ltd
SHE:300444
|
$1.84 Billion |
|
Guangdong Xianglu Tungsten Co Ltd
SHE:002842
|
$1.84 Billion |
|
Banpu Public Company Limited
BK:BANPU
|
$1.84 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shanghai Taisheng Wind Power's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 4,299,689,828 to 4,428,303,449, a change of 128,613,621 (3.0%).
- Net income of 181,961,527 contributed positively to equity growth.
- Dividend payments of 67,903,982 reduced retained earnings.
- Other comprehensive income increased equity by 137,520,740.
- Other factors decreased equity by 122,964,664.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥181.96 Million | +4.11% |
| Dividends Paid | CN¥67.90 Million | -1.53% |
| Other Comprehensive Income | CN¥137.52 Million | +3.11% |
| Other Changes | CN¥-122.96 Million | -2.78% |
| Total Change | CN¥- | 2.99% |
Book Value vs Market Value Analysis
This analysis compares Shanghai Taisheng Wind 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: 2.40x
- 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 12.61x to 2.40x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.90 | CN¥11.36 | x |
| 2008-12-31 | CN¥0.70 | CN¥11.36 | x |
| 2009-12-31 | CN¥0.62 | CN¥11.36 | x |
| 2010-12-31 | CN¥2.55 | CN¥11.36 | x |
| 2011-12-31 | CN¥2.01 | CN¥11.36 | x |
| 2012-12-31 | CN¥2.13 | CN¥11.36 | x |
| 2013-12-31 | CN¥2.24 | CN¥11.36 | x |
| 2014-12-31 | CN¥2.34 | CN¥11.36 | x |
| 2015-12-31 | CN¥3.01 | CN¥11.36 | x |
| 2016-12-31 | CN¥2.94 | CN¥11.36 | x |
| 2017-12-31 | CN¥3.09 | CN¥11.36 | x |
| 2018-12-31 | CN¥3.06 | CN¥11.36 | x |
| 2019-12-31 | CN¥3.22 | CN¥11.36 | x |
| 2020-12-31 | CN¥3.60 | CN¥11.36 | x |
| 2021-12-31 | CN¥3.84 | CN¥11.36 | x |
| 2022-12-31 | CN¥4.32 | CN¥11.36 | x |
| 2023-12-31 | CN¥4.60 | CN¥11.36 | x |
| 2024-12-31 | CN¥4.74 | CN¥11.36 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shanghai Taisheng Wind 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): 4.11%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.76%
- • Asset Turnover: 0.51x
- • Equity Multiplier: 2.13x
- Recent ROE (4.11%) is below the historical average (11.33%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 52.82% | 17.47% | 0.99x | 3.05x | CN¥31.23 Million |
| 2008 | 21.96% | 10.53% | 0.83x | 2.51x | CN¥26.49 Million |
| 2009 | 27.59% | 16.49% | 0.83x | 2.03x | CN¥52.96 Million |
| 2010 | 8.36% | 19.23% | 0.39x | 1.12x | CN¥-21.41 Million |
| 2011 | 3.99% | 8.66% | 0.38x | 1.20x | CN¥-80.27 Million |
| 2012 | 4.22% | 8.69% | 0.34x | 1.41x | CN¥-79.95 Million |
| 2013 | 5.36% | 7.17% | 0.45x | 1.65x | CN¥-67.05 Million |
| 2014 | 6.41% | 6.75% | 0.52x | 1.83x | CN¥-54.40 Million |
| 2015 | 8.63% | 10.61% | 0.51x | 1.58x | CN¥-26.87 Million |
| 2016 | 10.19% | 14.55% | 0.49x | 1.42x | CN¥4.12 Million |
| 2017 | 6.81% | 9.67% | 0.49x | 1.43x | CN¥-72.01 Million |
| 2018 | 0.48% | 0.72% | 0.43x | 1.57x | CN¥-210.29 Million |
| 2019 | 6.63% | 6.92% | 0.52x | 1.85x | CN¥-77.92 Million |
| 2020 | 13.47% | 9.68% | 0.74x | 1.87x | CN¥89.90 Million |
| 2021 | 9.37% | 6.71% | 0.66x | 2.11x | CN¥-17.29 Million |
| 2022 | 6.81% | 8.79% | 0.44x | 1.78x | CN¥-129.06 Million |
| 2023 | 6.80% | 6.08% | 0.61x | 1.83x | CN¥-137.56 Million |
| 2024 | 4.11% | 3.76% | 0.51x | 2.13x | CN¥-260.87 Million |
Industry Comparison
This section compares Shanghai Taisheng Wind Power's net assets metrics with peer companies in the Specialty Industrial Machinery industry.
Industry Context
- Industry: Specialty Industrial Machinery
- Average net assets among peers: $2,004,947,424
- Average return on equity (ROE) among peers: -24.91%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shanghai Taisheng Wind Power (300129) | CN¥4.65 Billion | 52.82% | 1.23x | $1.84 Billion |
| Huayi Compressor Co Ltd (000404) | $4.89 Billion | 8.55% | 1.57x | $843.29 Million |
| Shenyang Machine Tool Co Ltd (000410) | $824.03 Million | -170.30% | 29.09x | $2.39 Billion |
| North Industries Group Red Arrow Co Ltd (000519) | $319.51 Million | 4.81% | 0.48x | $3.61 Billion |
| Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530) | $3.45 Billion | 2.58% | 0.60x | $520.37 Million |
| Changchai Co Ltd (000570) | $3.36 Billion | 2.28% | 0.55x | $522.04 Million |
| Jiangsu Youli Investment Holding Co Ltd (000584) | $327.45 Million | -65.69% | 8.93x | $32.29 Million |
| Baota Industry Co Ltd (000595) | $746.32 Million | -18.39% | 0.62x | $1.06 Billion |
| SUFA Technology Industry Co Ltd CNNC (000777) | $280.92 Million | 8.98% | 0.50x | $1.11 Billion |
| J.S. Corrugating Machinery Co Ltd (000821) | $2.30 Billion | -22.46% | 1.14x | $938.81 Million |
| Qinchuan Machine Tool & Tool Group Share Co Ltd (000837) | $3.55 Billion | 0.54% | 0.80x | $1.66 Billion |
About Shanghai Taisheng Wind Power
TSP Wind Power Group Co., Ltd. designs, manufactures, and sells wind towers in China. The company manufactures wind power equipment and generates power for wind power industry. The company was formerly known as Shanghai Taisheng Wind Power Equipment Co., Ltd. and changed its name to TSP Wind Power Group Co., Ltd. in March 2025. Shanghai Taisheng Wind Power Equipment Co., Ltd. was founded in 1995 … Read more