Shengyuan Environmental Protection (300867) - Net Assets
Based on the latest financial reports, Shengyuan Environmental Protection (300867) has net assets worth CN¥3.78 Billion CNY (≈ $552.75 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 (CN¥8.79 Billion ≈ $1.29 Billion USD) and total liabilities (CN¥5.02 Billion ≈ $733.92 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 Shengyuan Environmental Protection liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.78 Billion |
| % of Total Assets | 42.96% |
| Annual Growth Rate | 26.12% |
| 5-Year Change | 34.77% |
| 10-Year Change | N/A |
| Growth Volatility | 38.63 |
Shengyuan Environmental Protection - Net Assets Trend (2016–2024)
This chart illustrates how Shengyuan Environmental Protection's net assets have evolved over time, based on quarterly financial data. Also explore Shengyuan Environmental Protection total assets for the complete picture of this company's asset base.
Annual Net Assets for Shengyuan Environmental Protection (2016–2024)
The table below shows the annual net assets of Shengyuan Environmental Protection from 2016 to 2024. For live valuation and market cap data, see Shengyuan Environmental Protection (300867) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.68 Billion ≈ $537.80 Million |
+5.06% |
| 2023-12-31 | CN¥3.50 Billion ≈ $511.90 Million |
+3.89% |
| 2022-12-31 | CN¥3.37 Billion ≈ $492.73 Million |
+4.59% |
| 2021-12-31 | CN¥3.22 Billion ≈ $471.10 Million |
+18.06% |
| 2020-12-31 | CN¥2.73 Billion ≈ $399.04 Million |
+126.40% |
| 2019-12-31 | CN¥1.20 Billion ≈ $176.25 Million |
+11.81% |
| 2018-12-31 | CN¥1.08 Billion ≈ $157.64 Million |
+29.53% |
| 2017-12-31 | CN¥831.69 Million ≈ $121.70 Million |
+44.88% |
| 2016-12-31 | CN¥574.06 Million ≈ $84.00 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Shengyuan Environmental Protection'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 589.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.88 Billion | 51.28% |
| Other Components | CN¥1.79 Billion | 48.72% |
| Total Equity | CN¥3.67 Billion | 100.00% |
Shengyuan Environmental Protection Competitors by Market Cap
The table below lists competitors of Shengyuan Environmental Protection ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Shenzhen Lifotronic Technology Co
SHG:688389
|
$818.25 Million |
|
ZYLOX-TONBRDG.MED.TECH.H1
F:818
|
$818.27 Million |
|
Movida Participações S.A
SA:MOVI3
|
$818.91 Million |
|
Niutech Environment Technology Corp
SHG:688309
|
$819.02 Million |
|
Cemindo Gemilang Tbk PT
JK:CMNT
|
$817.84 Million |
|
Satrec Initiative Co. Ltd
KQ:099320
|
$817.67 Million |
|
Jiangsu Jibeier Pharmaceutical Co Ltd
SHG:688566
|
$817.12 Million |
|
Xinyaqiang Silicon Chemistry Co Ltd
SHG:603155
|
$816.98 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Shengyuan Environmental Protection's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 3,495,468,881 to 3,671,393,656, a change of 175,924,776 (5.0%).
- Net income of 182,111,816 contributed positively to equity growth.
- Dividend payments of 194,748,545 reduced retained earnings.
- Other factors increased equity by 188,561,504.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥182.11 Million | +4.96% |
| Dividends Paid | CN¥194.75 Million | -5.3% |
| Other Changes | CN¥188.56 Million | +5.14% |
| Total Change | CN¥- | 5.03% |
Book Value vs Market Value Analysis
This analysis compares Shengyuan Environmental Protection'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: 1.52x
- 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 5.05x to 1.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥4.08 | CN¥20.57 | x |
| 2018-12-31 | CN¥5.27 | CN¥20.57 | x |
| 2019-12-31 | CN¥5.91 | CN¥20.57 | x |
| 2020-12-31 | CN¥10.04 | CN¥20.57 | x |
| 2021-12-31 | CN¥11.85 | CN¥20.57 | x |
| 2022-12-31 | CN¥12.37 | CN¥20.57 | x |
| 2023-12-31 | CN¥12.86 | CN¥20.57 | x |
| 2024-12-31 | CN¥13.51 | CN¥20.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Shengyuan Environmental Protection 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): 4.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.51%
- • Asset Turnover: 0.18x
- • Equity Multiplier: 2.37x
- Recent ROE (4.96%) is below the historical average (10.65%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 10.24% | 20.58% | 0.12x | 4.25x | CN¥1.40 Million |
| 2017 | 7.68% | 14.95% | 0.14x | 3.76x | CN¥-19.28 Million |
| 2018 | 19.58% | 28.89% | 0.19x | 3.52x | CN¥102.77 Million |
| 2019 | 18.05% | 24.47% | 0.21x | 3.49x | CN¥96.95 Million |
| 2020 | 11.14% | 29.38% | 0.15x | 2.54x | CN¥31.00 Million |
| 2021 | 14.65% | 20.54% | 0.29x | 2.43x | CN¥149.61 Million |
| 2022 | 5.36% | 10.29% | 0.21x | 2.50x | CN¥-155.95 Million |
| 2023 | 4.19% | 8.38% | 0.21x | 2.43x | CN¥-203.02 Million |
| 2024 | 4.96% | 11.51% | 0.18x | 2.37x | CN¥-185.03 Million |
Industry Comparison
This section compares Shengyuan Environmental Protection's net assets metrics with peer companies in the Waste Management industry.
Industry Context
- Industry: Waste Management
- Average net assets among peers: $3,067,859,741
- Average return on equity (ROE) among peers: 8.50%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Shengyuan Environmental Protection (300867) | CN¥3.78 Billion | 10.24% | 1.33x | $817.95 Million |
| China Tianying Inc (000035) | $2.06 Billion | 10.27% | 1.91x | $2.28 Billion |
| HeiLongJiang Kingland Technology Co Ltd (000711) | $325.53 Million | -9.31% | 0.66x | $2.06 Billion |
| BECE Legend Group Co Ltd (000803) | $152.97 Million | 2.06% | 0.80x | $599.78 Million |
| Tus-Sound Environmental Resources Co Ltd (000826) | $130.73 Million | 28.96% | 1.01x | $408.81 Million |
| Wangneng Environment Co Ltd (002034) | $424.84 Million | 9.00% | 0.73x | $1.11 Billion |
| Beijing Orient Landscape Co Ltd (002310) | $12.65 Billion | 0.13% | 2.35x | $2.69 Billion |
| GEM Co Ltd (002340) | $10.22 Billion | 7.14% | 1.44x | $6.83 Billion |
| Dongjiang Environmental Co Ltd (002672) | $2.45 Billion | 8.50% | 0.33x | $585.42 Million |
| Qiaoyin Environmental Tech Co Ltd (002973) | $462.58 Million | 21.52% | 0.41x | $752.89 Million |
| Tongxing Environmental Protection (003027) | $1.79 Billion | 6.69% | 0.51x | $453.74 Million |
About Shengyuan Environmental Protection
Shengyuan Environmental Protection Co.,Ltd. engages in the domestic waste incineration power generation and sewage treatment in China. The company is involved in the collection and transportation of garbage. It operates 13 power plants and 5 domestic sewage treatment plants. Shengyuan Environmental Protection Co.,Ltd. was founded in 1997 and is based in Quanzhou, China.