Shanghai Electric Power Co Ltd (600021) - Net Assets

Latest as of September 2025: CN¥50.96 Billion CNY ≈ $7.46 Billion USD

Based on the latest financial reports, Shanghai Electric Power Co Ltd (600021) has net assets worth CN¥50.96 Billion CNY (≈ $7.46 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¥200.86 Billion ≈ $29.39 Billion USD) and total liabilities (CN¥149.90 Billion ≈ $21.93 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 600021 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥50.96 Billion
% of Total Assets	25.37%
Annual Growth Rate	11.07%
5-Year Change	53.47%
10-Year Change	237.89%
Growth Volatility	17.31

Shanghai Electric Power Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Shanghai Electric Power Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore balance sheet size of Shanghai Electric Power Co Ltd for the complete picture of this company's asset base.

Annual Net Assets for Shanghai Electric Power Co Ltd (2000–2024)

The table below shows the annual net assets of Shanghai Electric Power Co Ltd from 2000 to 2024. For live valuation and market cap data, see how much is Shanghai Electric Power Co Ltd worth.

Year	Net Assets	Change
2024-12-31	CN¥53.22 Billion ≈ $7.79 Billion	+5.26%
2023-12-31	CN¥50.56 Billion ≈ $7.40 Billion	+14.75%
2022-12-31	CN¥44.06 Billion ≈ $6.45 Billion	+16.54%
2021-12-31	CN¥37.81 Billion ≈ $5.53 Billion	+9.03%
2020-12-31	CN¥34.68 Billion ≈ $5.07 Billion	+15.33%
2019-12-31	CN¥30.07 Billion ≈ $4.40 Billion	+14.22%
2018-12-31	CN¥26.32 Billion ≈ $3.85 Billion	+36.90%
2017-12-31	CN¥19.23 Billion ≈ $2.81 Billion	+21.30%
2016-12-31	CN¥15.85 Billion ≈ $2.32 Billion	+0.65%
2015-12-31	CN¥15.75 Billion ≈ $2.30 Billion	+9.92%
2014-12-31	CN¥14.33 Billion ≈ $2.10 Billion	+24.71%
2013-12-31	CN¥11.49 Billion ≈ $1.68 Billion	+14.36%
2012-12-31	CN¥10.05 Billion ≈ $1.47 Billion	+12.78%
2011-12-31	CN¥8.91 Billion ≈ $1.30 Billion	+1.64%
2010-12-31	CN¥8.76 Billion ≈ $1.28 Billion	-3.15%
2009-12-31	CN¥9.05 Billion ≈ $1.32 Billion	+32.66%
2008-12-31	CN¥6.82 Billion ≈ $998.23 Million	-33.90%
2007-12-31	CN¥10.32 Billion ≈ $1.51 Billion	+17.47%
2006-12-31	CN¥8.79 Billion ≈ $1.29 Billion	+6.82%
2005-12-31	CN¥8.22 Billion ≈ $1.20 Billion	+0.63%
2004-12-31	CN¥8.17 Billion ≈ $1.20 Billion	+7.93%
2003-12-31	CN¥7.57 Billion ≈ $1.11 Billion	+65.56%
2002-12-31	CN¥4.57 Billion ≈ $669.38 Million	+4.56%
2001-12-31	CN¥4.37 Billion ≈ $640.19 Million	+2.23%
2000-12-31	CN¥4.28 Billion ≈ $626.22 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanghai Electric 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 710789112107.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥7.10 Billion	24.43%
Common Stock	CN¥2.82 Billion	9.69%
Other Components	CN¥19.16 Billion	65.88%
Total Equity	CN¥29.08 Billion	100.00%

Shanghai Electric Power Co Ltd Competitors by Market Cap

The table below lists competitors of Shanghai Electric Power Co Ltd ranked by their market capitalization.

Company	Market Cap
Paramount Skydance Corporation Class B Common Stock NASDAQ:PSKY	$7.03 Billion
Turkiye Vakiflar Bankasi TAO IS:VAKBN	$7.03 Billion
Terex Corporation NYSE:TEX	$7.03 Billion
Mianyang Fulin Precision Machining Co Ltd SHE:300432	$7.04 Billion
Hongda SHG:600331	$7.01 Billion
ESCO Technologies Inc NYSE:ESE	$7.01 Billion
Yapi ve Kredi Bankasi AS IS:YKBNK	$7.01 Billion
Cencosud SN:CENCOSUD	$7.01 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2023 to 2024, total equity changed from 27,780,201,827 to 29,077,965,000, a change of 1,297,763,173 (4.7%).
Net income of 2,045,979,000 contributed positively to equity growth.
Dividend payments of 4,355,823,000 reduced retained earnings.
Other factors increased equity by 3,607,607,173.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥2.05 Billion	+7.04%
Dividends Paid	CN¥4.36 Billion	-14.98%
Other Changes	CN¥3.61 Billion	+12.41%
Total Change	CN¥-	4.67%

Book Value vs Market Value Analysis

This analysis compares Shanghai Electric 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: 1.94x
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 7.45x to 1.94x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2000-12-31	CN¥2.28	CN¥17.00	x
2001-12-31	CN¥2.33	CN¥17.00	x
2002-12-31	CN¥2.41	CN¥17.00	x
2003-12-31	CN¥3.25	CN¥17.00	x
2004-12-31	CN¥3.30	CN¥17.00	x
2005-12-31	CN¥3.34	CN¥17.00	x
2006-12-31	CN¥3.40	CN¥17.00	x
2007-12-31	CN¥3.76	CN¥17.00	x
2008-12-31	CN¥2.07	CN¥17.00	x
2009-12-31	CN¥3.08	CN¥17.00	x
2010-12-31	CN¥2.69	CN¥17.00	x
2011-12-31	CN¥2.75	CN¥17.00	x
2012-12-31	CN¥3.25	CN¥17.00	x
2013-12-31	CN¥3.70	CN¥17.00	x
2014-12-31	CN¥4.56	CN¥17.00	x
2015-12-31	CN¥4.79	CN¥17.00	x
2016-12-31	CN¥4.27	CN¥17.00	x
2017-12-31	CN¥5.29	CN¥17.00	x
2018-12-31	CN¥6.41	CN¥17.00	x
2019-12-31	CN¥7.28	CN¥17.00	x
2020-12-31	CN¥7.49	CN¥17.00	x
2021-12-31	CN¥6.74	CN¥17.00	x
2022-12-31	CN¥7.56	CN¥17.00	x
2023-12-31	CN¥9.86	CN¥17.00	x
2024-12-31	CN¥8.77	CN¥17.00	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanghai Electric 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): 7.04%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 4.79%
• Asset Turnover: 0.23x
• Equity Multiplier: 6.51x
Recent ROE (7.04%) is above the historical average (5.86%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2000	9.66%	9.17%	0.44x	2.39x	CN¥-14.43 Million
2001	10.08%	8.78%	0.50x	2.28x	CN¥3.67 Million
2002	9.16%	7.75%	0.56x	2.11x	CN¥-37.94 Million
2003	6.59%	7.37%	0.50x	1.78x	CN¥-207.92 Million
2004	6.41%	6.41%	0.45x	2.20x	CN¥-222.65 Million
2005	6.42%	5.38%	0.53x	2.26x	CN¥-224.06 Million
2006	6.31%	5.11%	0.37x	3.32x	CN¥-235.26 Million
2007	5.90%	5.79%	0.33x	3.09x	CN¥-314.18 Million
2008	-33.96%	-13.77%	0.40x	6.21x	CN¥-1.95 Billion
2009	5.83%	3.45%	0.33x	5.05x	CN¥-274.45 Million
2010	3.35%	1.22%	0.49x	5.57x	CN¥-383.15 Million
2011	7.87%	2.67%	0.55x	5.37x	CN¥-125.43 Million
2012	12.72%	5.88%	0.48x	4.53x	CN¥189.26 Million
2013	14.39%	7.53%	0.43x	4.43x	CN¥347.69 Million
2014	13.58%	8.23%	0.34x	4.85x	CN¥349.69 Million
2015	12.99%	7.83%	0.33x	5.07x	CN¥306.73 Million
2016	10.61%	6.50%	0.30x	5.40x	CN¥62.36 Million
2017	7.80%	5.22%	0.24x	6.35x	CN¥-280.68 Million
2018	17.31%	12.08%	0.23x	6.20x	CN¥1.16 Billion
2019	5.05%	4.06%	0.21x	5.83x	CN¥-943.46 Million
2020	4.54%	3.68%	0.19x	6.58x	CN¥-1.07 Billion
2021	-10.41%	-5.95%	0.20x	8.89x	CN¥-3.60 Billion
2022	1.57%	0.85%	0.24x	7.56x	CN¥-1.79 Billion
2023	5.73%	3.76%	0.25x	6.07x	CN¥-1.19 Billion
2024	7.04%	4.79%	0.23x	6.51x	CN¥-861.82 Million

Industry Comparison

This section compares Shanghai Electric Power Co Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.

Industry Context

Industry: Utilities - Renewable
Average net assets among peers: $9,208,612,295
Average return on equity (ROE) among peers: 9.43%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanghai Electric Power Co Ltd (600021)	CN¥50.96 Billion	9.66%	2.94x	$7.02 Billion
Tunghsu Azure Renewable Energy Co Ltd (000040)	$11.56 Billion	4.71%	1.50x	$106.61 Million
Tianjin Guangyu Development Co Ltd (000537)	$24.79 Billion	4.07%	2.61x	$2.99 Billion
Guangdong Electric Power Development Co Ltd (000539)	$11.57 Billion	6.44%	0.77x	$4.25 Billion
CECEP Solar Energy Co Ltd (000591)	$111.24 Million	9.00%	2.05x	$2.87 Billion
GEPIC Energy Development Co Ltd (000791)	$338.34 Million	1.05%	0.31x	$3.83 Billion
Tieling Newcity Investment Holding Ltd (000809)	$135.92 Million	2.15%	0.79x	$455.01 Million
Hubei Energy Group Co Ltd (000883)	$40.66 Billion	4.46%	1.42x	$4.61 Billion
Fujian MinDong Electric Power Co Ltd (000993)	$2.27 Billion	8.13%	0.96x	$820.24 Million
Shenzhen Feima International Supply Chain Co Ltd (002210)	$596.59 Million	13.76%	15.74x	$1.16 Billion
Shenzhen Sunrise New Energy Co Ltd (002256)	$65.12 Million	40.54%	1.51x	$1.34 Billion

About Shanghai Electric Power Co Ltd

SHG:600021 China Utilities - Renewable

Market Cap

$7.02 Billion

CN¥47.96 Billion CNY

Market Cap Rank

#2842 Global

#372 in China

Share Price

CN¥17.00

Change (1 day)

-1.05%

52-Week Range

CN¥8.70 - CN¥30.19

All Time High

CN¥30.19