Huaneng Power International Inc (600011) - Net Assets
Based on the latest financial reports, Huaneng Power International Inc (600011) has net assets worth CN¥215.95 Billion CNY (≈ $31.60 Billion 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¥596.20 Billion ≈ $87.24 Billion USD) and total liabilities (CN¥380.25 Billion ≈ $55.64 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 600011 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥215.95 Billion |
| % of Total Assets | 36.22% |
| Annual Growth Rate | 10.24% |
| 5-Year Change | 43.52% |
| 10-Year Change | 99.67% |
| Growth Volatility | 10.93 |
Huaneng Power International Inc - Net Assets Trend (1995–2024)
This chart illustrates how Huaneng Power International Inc's net assets have evolved over time, based on quarterly financial data. See 600011 days of operational coverage to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Huaneng Power International Inc (1995–2024)
The table below shows the annual net assets of Huaneng Power International Inc from 1995 to 2024. For live valuation and market cap data, see Huaneng Power International Inc market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥203.05 Billion ≈ $29.71 Billion |
+18.49% |
| 2023-12-31 | CN¥171.36 Billion ≈ $25.08 Billion |
+35.42% |
| 2022-12-31 | CN¥126.54 Billion ≈ $18.52 Billion |
-5.25% |
| 2021-12-31 | CN¥133.56 Billion ≈ $19.54 Billion |
-5.60% |
| 2020-12-31 | CN¥141.48 Billion ≈ $20.70 Billion |
+8.51% |
| 2019-12-31 | CN¥130.38 Billion ≈ $19.08 Billion |
+12.28% |
| 2018-12-31 | CN¥116.12 Billion ≈ $16.99 Billion |
+7.91% |
| 2017-12-31 | CN¥107.61 Billion ≈ $15.75 Billion |
+5.31% |
| 2016-12-31 | CN¥102.19 Billion ≈ $14.95 Billion |
+0.48% |
| 2015-12-31 | CN¥101.69 Billion ≈ $14.88 Billion |
+19.95% |
| 2014-12-31 | CN¥84.78 Billion ≈ $12.41 Billion |
+12.75% |
| 2013-12-31 | CN¥75.19 Billion ≈ $11.00 Billion |
+14.00% |
| 2012-12-31 | CN¥65.96 Billion ≈ $9.65 Billion |
+10.75% |
| 2011-12-31 | CN¥59.56 Billion ≈ $8.72 Billion |
-4.59% |
| 2010-12-31 | CN¥62.43 Billion ≈ $9.13 Billion |
+23.25% |
| 2009-12-31 | CN¥50.65 Billion ≈ $7.41 Billion |
+21.83% |
| 2008-12-31 | CN¥41.57 Billion ≈ $6.08 Billion |
-18.11% |
| 2007-12-31 | CN¥50.77 Billion ≈ $7.43 Billion |
+6.10% |
| 2006-12-31 | CN¥47.85 Billion ≈ $7.00 Billion |
+8.70% |
| 2005-12-31 | CN¥44.02 Billion ≈ $6.44 Billion |
+10.71% |
| 2004-12-31 | CN¥39.76 Billion ≈ $5.82 Billion |
+10.81% |
| 2003-12-31 | CN¥35.88 Billion ≈ $5.25 Billion |
+19.64% |
| 2002-12-31 | CN¥29.99 Billion ≈ $4.39 Billion |
+8.61% |
| 2001-12-31 | CN¥27.61 Billion ≈ $4.04 Billion |
+22.61% |
| 2000-12-31 | CN¥22.52 Billion ≈ $3.30 Billion |
+6.64% |
| 1999-12-31 | CN¥21.12 Billion ≈ $3.09 Billion |
+7.68% |
| 1998-12-31 | CN¥19.61 Billion ≈ $2.87 Billion |
+30.73% |
| 1997-12-31 | CN¥15.00 Billion ≈ $2.20 Billion |
+12.45% |
| 1996-12-31 | CN¥13.34 Billion ≈ $1.95 Billion |
+10.92% |
| 1995-12-31 | CN¥12.03 Billion ≈ $1.76 Billion |
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Equity Component Analysis
This analysis shows how different components contribute to Huaneng Power International Inc'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 1145.4% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥16.61 Billion | 12.09% |
| Common Stock | CN¥15.70 Billion | 11.42% |
| Other Comprehensive Income | CN¥80.40 Billion | 58.51% |
| Other Components | CN¥24.71 Billion | 17.98% |
| Total Equity | CN¥137.41 Billion | 100.00% |
Huaneng Power International Inc Competitors by Market Cap
The table below lists competitors of Huaneng Power International Inc ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Whitecap Resources Inc.
TO:WCP
|
$14.72 Billion |
|
Elia Group SA/NV
BR:ELI
|
$14.72 Billion |
|
Sands China Ltd
F:599A
|
$14.73 Billion |
|
H.K. CHINA GAS HD-25 ADR
F:HCGS
|
$14.74 Billion |
|
Genmab A/S
CO:GMAB
|
$14.69 Billion |
|
Bollore SA
PA:BOL
|
$14.67 Billion |
|
Rentokil Initial PLC
NYSE:RTO
|
$14.67 Billion |
|
Genmab AS
NASDAQ:GMAB
|
$14.66 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Huaneng Power International Inc's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 52,512,494,607 to 137,414,785,000, a change of 84,902,290,393 (161.7%).
- Net income of 10,135,494,000 contributed positively to equity growth.
- Dividend payments of 14,315,972,000 reduced retained earnings.
- Other comprehensive income increased equity by 73,058,709,467.
- Other factors increased equity by 16,024,058,926.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥10.14 Billion | +7.38% |
| Dividends Paid | CN¥14.32 Billion | -10.42% |
| Other Comprehensive Income | CN¥73.06 Billion | +53.17% |
| Other Changes | CN¥16.02 Billion | +11.66% |
| Total Change | CN¥- | 161.68% |
Book Value vs Market Value Analysis
This analysis compares Huaneng Power International Inc'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: 1.04x
- 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 7.57x to 1.04x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥1.21 | CN¥9.13 | x |
| 1996-12-31 | CN¥1.33 | CN¥9.13 | x |
| 1997-12-31 | CN¥1.45 | CN¥9.13 | x |
| 1998-12-31 | CN¥1.76 | CN¥9.13 | x |
| 1999-12-31 | CN¥1.77 | CN¥9.13 | x |
| 2000-12-31 | CN¥1.89 | CN¥9.13 | x |
| 2001-12-31 | CN¥2.26 | CN¥9.13 | x |
| 2002-12-31 | CN¥1.86 | CN¥9.13 | x |
| 2003-12-31 | CN¥2.88 | CN¥9.13 | x |
| 2004-12-31 | CN¥3.07 | CN¥9.13 | x |
| 2005-12-31 | CN¥2.47 | CN¥9.13 | x |
| 2006-12-31 | CN¥3.46 | CN¥9.13 | x |
| 2007-12-31 | CN¥3.85 | CN¥9.13 | x |
| 2008-12-31 | CN¥3.05 | CN¥9.13 | x |
| 2009-12-31 | CN¥3.48 | CN¥9.13 | x |
| 2010-12-31 | CN¥4.40 | CN¥9.13 | x |
| 2011-12-31 | CN¥3.61 | CN¥9.13 | x |
| 2012-12-31 | CN¥4.02 | CN¥9.13 | x |
| 2013-12-31 | CN¥4.45 | CN¥9.13 | x |
| 2014-12-31 | CN¥4.95 | CN¥9.13 | x |
| 2015-12-31 | CN¥5.80 | CN¥9.13 | x |
| 2016-12-31 | CN¥5.66 | CN¥9.13 | x |
| 2017-12-31 | CN¥5.77 | CN¥9.13 | x |
| 2018-12-31 | CN¥6.18 | CN¥9.13 | x |
| 2019-12-31 | CN¥6.93 | CN¥9.13 | x |
| 2020-12-31 | CN¥7.75 | CN¥9.13 | x |
| 2021-12-31 | CN¥7.20 | CN¥9.13 | x |
| 2022-12-31 | CN¥6.91 | CN¥9.13 | x |
| 2023-12-31 | CN¥3.35 | CN¥9.13 | x |
| 2024-12-31 | CN¥8.75 | CN¥9.13 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Huaneng Power International Inc 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): 7.38%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.13%
- • Asset Turnover: 0.42x
- • Equity Multiplier: 4.27x
- Recent ROE (7.38%) is below the historical average (8.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 10.01% | 26.21% | 0.21x | 1.84x | CN¥1.75 Million |
| 1996 | 9.98% | 27.52% | 0.19x | 1.92x | CN¥-3.07 Million |
| 1997 | 11.08% | 24.66% | 0.19x | 2.37x | CN¥161.45 Million |
| 1998 | 9.56% | 23.19% | 0.21x | 1.95x | CN¥-85.78 Million |
| 1999 | 9.54% | 19.19% | 0.26x | 1.92x | CN¥-97.71 Million |
| 2000 | 11.74% | 21.06% | 0.30x | 1.88x | CN¥392.28 Million |
| 2001 | 13.40% | 22.99% | 0.33x | 1.74x | CN¥923.51 Million |
| 2002 | 14.00% | 21.80% | 0.39x | 1.65x | CN¥1.17 Billion |
| 2003 | 15.69% | 23.24% | 0.44x | 1.53x | CN¥1.98 Billion |
| 2004 | 14.32% | 17.68% | 0.42x | 1.92x | CN¥1.61 Billion |
| 2005 | 12.47% | 12.10% | 0.42x | 2.43x | CN¥963.64 Million |
| 2006 | 14.53% | 13.70% | 0.41x | 2.60x | CN¥1.89 Billion |
| 2007 | 13.36% | 12.41% | 0.41x | 2.65x | CN¥1.55 Billion |
| 2008 | -9.83% | -4.93% | 0.44x | 4.54x | CN¥-7.19 Billion |
| 2009 | 11.70% | 6.18% | 0.40x | 4.70x | CN¥717.13 Million |
| 2010 | 6.22% | 3.21% | 0.46x | 4.24x | CN¥-2.03 Billion |
| 2011 | 2.32% | 0.89% | 0.52x | 5.06x | CN¥-3.91 Billion |
| 2012 | 10.46% | 4.38% | 0.52x | 4.62x | CN¥255.64 Million |
| 2013 | 16.85% | 7.86% | 0.51x | 4.20x | CN¥4.28 Billion |
| 2014 | 17.37% | 8.70% | 0.51x | 3.92x | CN¥5.17 Billion |
| 2015 | 16.38% | 10.69% | 0.42x | 3.67x | CN¥5.37 Billion |
| 2016 | 12.07% | 7.52% | 0.44x | 3.66x | CN¥1.78 Billion |
| 2017 | 1.99% | 1.14% | 0.39x | 4.53x | CN¥-7.02 Billion |
| 2018 | 1.52% | 0.85% | 0.40x | 4.45x | CN¥-8.00 Billion |
| 2019 | 1.44% | 0.90% | 0.41x | 3.94x | CN¥-9.31 Billion |
| 2020 | 3.75% | 2.69% | 0.39x | 3.60x | CN¥-7.60 Billion |
| 2021 | -8.85% | -4.88% | 0.41x | 4.43x | CN¥-21.31 Billion |
| 2022 | -6.81% | -2.99% | 0.49x | 4.63x | CN¥-18.24 Billion |
| 2023 | 16.08% | 3.32% | 0.47x | 10.31x | CN¥3.19 Billion |
| 2024 | 7.38% | 4.13% | 0.42x | 4.27x | CN¥-3.61 Billion |
Industry Comparison
This section compares Huaneng Power International Inc'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: $24,552,060,402
- Average return on equity (ROE) among peers: -9.05%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Huaneng Power International Inc (600011) | CN¥215.95 Billion | 10.01% | 1.76x | $14.69 Billion |
| Guangdong Baolihua New Energy Stock Co LTD (000690) | $326.87 Million | 9.45% | 0.52x | $1.85 Billion |
| CGN Power (003816) | $141.63 Billion | 6.75% | 1.77x | $26.53 Billion |
| Henan BCCY Environmental Energy Co. Ltd (300614) | $1.04 Billion | 11.99% | 0.36x | $273.04 Million |
| Zhejiang Zheneng Electric Power Co Ltd (600023) | $68.80 Billion | 6.30% | 0.64x | $12.60 Billion |
| Beijing Jingneng Power Co Ltd (600578) | $1.50 Billion | 10.04% | 0.29x | $9.15 Billion |
| Sichuan Chuantou Energy Co Ltd (600674) | $438.28 Million | 1.90% | 1.33x | $11.03 Billion |
| Dalian Thermal Power Co Ltd (600719) | $737.60 Million | 1.53% | 2.07x | $544.10 Million |
| Huadian Energy (600726) | $810.81 Million | -136.48% | 27.03x | $10.62 Billion |
| Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd (600863) | $5.68 Billion | 7.10% | 2.93x | $8.47 Billion |
About Huaneng Power International Inc
Huaneng Power International, Inc., together with its subsidiaries, generates and sells electric power to the regional or provincial grid companies in the People's Republic of China and internationally. It develops, constructs, operates, and manages coal-fired and gas-fired power plants, as well as is involved in the business of new energy generation projects and supporting ports, shipping, distri… Read more