Zhejiang Zheneng Electric Power Co Ltd
Zhejiang Zheneng Electric Power Co., Ltd. engages in thermal power generation business in China and internationally. It also provides thermal products, as well as invests in nuclear power projects. The company also engages in gas power generation, integrated energy and other businesses; coal-fired generation; shipping and port management services; and engineering maintenance, as well as power equ… Read more
Zhejiang Zheneng Electric Power Co Ltd (600023) - Net Assets
Latest net assets as of September 2025: CN¥89.25 Billion CNY
Based on the latest financial reports, Zhejiang Zheneng Electric Power Co Ltd (600023) has net assets worth CN¥89.25 Billion CNY as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥159.18 Billion) and total liabilities (CN¥69.93 Billion). 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.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥89.25 Billion |
| % of Total Assets | 56.07% |
| Annual Growth Rate | 6.29% |
| 5-Year Change | 13.77% |
| 10-Year Change | 35.94% |
| Growth Volatility | 9.16 |
Zhejiang Zheneng Electric Power Co Ltd - Net Assets Trend (2010–2024)
This chart illustrates how Zhejiang Zheneng Electric Power Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Zhejiang Zheneng Electric Power Co Ltd (2010–2024)
The table below shows the annual net assets of Zhejiang Zheneng Electric Power Co Ltd from 2010 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥86.82 Billion | +8.57% |
| 2023-12-31 | CN¥79.97 Billion | +18.37% |
| 2022-12-31 | CN¥67.56 Billion | -5.89% |
| 2021-12-31 | CN¥71.79 Billion | -5.93% |
| 2020-12-31 | CN¥76.31 Billion | +5.27% |
| 2019-12-31 | CN¥72.50 Billion | +4.84% |
| 2018-12-31 | CN¥69.15 Billion | +0.52% |
| 2017-12-31 | CN¥68.80 Billion | +3.76% |
| 2016-12-31 | CN¥66.31 Billion | +3.82% |
| 2015-12-31 | CN¥63.87 Billion | +24.91% |
| 2014-12-31 | CN¥51.13 Billion | +17.79% |
| 2013-12-31 | CN¥43.41 Billion | +9.96% |
| 2012-12-31 | CN¥39.47 Billion | +13.12% |
| 2011-12-31 | CN¥34.90 Billion | -5.55% |
| 2010-12-31 | CN¥36.95 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Zheneng 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 377.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥25.99 Billion | 35.45% |
| Common Stock | CN¥13.41 Billion | 18.29% |
| Other Comprehensive Income | CN¥11.20 Billion | 15.28% |
| Other Components | CN¥22.71 Billion | 30.97% |
| Total Equity | CN¥73.32 Billion | 100.00% |
Zhejiang Zheneng Electric Power Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Zheneng Electric Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
EXOSENS PROM
PA:EXENS
|
$2.20 Billion |
|
Comet Holding AG
SW:COTN
|
$2.20 Billion |
|
T&S Communications Co Ltd
SHE:300570
|
$2.20 Billion |
|
Vista Outdoor Inc
NYSE:VSTO
|
$2.20 Billion |
|
PERPETUA RES CORP.
F:9MIB
|
$2.20 Billion |
|
Zhuzhou Smelter Group Co Ltd
SHG:600961
|
$2.20 Billion |
|
Investment and Industrial Development Joint Stock Corp
VN:BCM
|
$2.20 Billion |
|
Taiyo Yuden Co. Ltd
F:TYC1
|
$2.19 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Zheneng Electric Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 67,404,750,749 to 73,315,244,000, a change of 5,910,493,251 (8.8%).
- Net income of 7,753,383,000 contributed positively to equity growth.
- Dividend payments of 4,764,473,000 reduced retained earnings.
- Other comprehensive income increased equity by 1,971,554,205.
- Other factors increased equity by 950,029,046.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥7.75 Billion | +10.58% |
| Dividends Paid | CN¥4.76 Billion | -6.5% |
| Other Comprehensive Income | CN¥1.97 Billion | +2.69% |
| Other Changes | CN¥950.03 Million | +1.3% |
| Total Change | CN¥- | 8.77% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Zheneng 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: 1.02x
- 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 2.15x to 1.02x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-12-31 | CN¥2.59 | CN¥5.57 | x |
| 2011-12-31 | CN¥2.41 | CN¥5.57 | x |
| 2012-12-31 | CN¥2.75 | CN¥5.57 | x |
| 2013-12-31 | CN¥3.45 | CN¥5.57 | x |
| 2014-12-31 | CN¥3.57 | CN¥5.57 | x |
| 2015-12-31 | CN¥4.31 | CN¥5.57 | x |
| 2016-12-31 | CN¥4.31 | CN¥5.57 | x |
| 2017-12-31 | CN¥4.49 | CN¥5.57 | x |
| 2018-12-31 | CN¥4.55 | CN¥5.57 | x |
| 2019-12-31 | CN¥4.72 | CN¥5.57 | x |
| 2020-12-31 | CN¥4.99 | CN¥5.57 | x |
| 2021-12-31 | CN¥4.73 | CN¥5.57 | x |
| 2022-12-31 | CN¥4.57 | CN¥5.57 | x |
| 2023-12-31 | CN¥5.07 | CN¥5.57 | x |
| 2024-12-31 | CN¥5.48 | CN¥5.57 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Zheneng 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): 10.58%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 8.81%
- • Asset Turnover: 0.57x
- • Equity Multiplier: 2.10x
- Recent ROE (10.58%) is above the historical average (8.65%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 9.74% | 6.85% | 0.46x | 3.07x | CN¥-65.36 Million |
| 2011 | 9.24% | 5.06% | 0.57x | 3.18x | CN¥-179.55 Million |
| 2012 | 12.58% | 7.43% | 0.58x | 2.93x | CN¥718.06 Million |
| 2013 | 15.93% | 10.68% | 0.59x | 2.55x | CN¥2.14 Billion |
| 2014 | 13.72% | 13.50% | 0.42x | 2.40x | CN¥1.62 Billion |
| 2015 | 12.54% | 17.58% | 0.38x | 1.86x | CN¥1.41 Billion |
| 2016 | 10.68% | 15.88% | 0.37x | 1.82x | CN¥394.31 Million |
| 2017 | 7.13% | 8.47% | 0.45x | 1.86x | CN¥-1.74 Billion |
| 2018 | 6.59% | 7.13% | 0.52x | 1.79x | CN¥-2.08 Billion |
| 2019 | 6.69% | 7.90% | 0.49x | 1.73x | CN¥-2.12 Billion |
| 2020 | 8.97% | 11.78% | 0.45x | 1.69x | CN¥-698.55 Million |
| 2021 | -1.31% | -1.18% | 0.61x | 1.81x | CN¥-7.23 Billion |
| 2022 | -2.98% | -2.28% | 0.66x | 1.97x | CN¥-7.96 Billion |
| 2023 | 9.67% | 6.79% | 0.65x | 2.18x | CN¥-220.70 Million |
| 2024 | 10.58% | 8.81% | 0.57x | 2.10x | CN¥421.86 Million |
Industry Comparison
This section compares Zhejiang Zheneng Electric Power Co Ltd'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: $29,204,376,418
- Average return on equity (ROE) among peers: 2.59%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Zheneng Electric Power Co Ltd (600023) | CN¥89.25 Billion | 9.74% | 0.78x | $2.20 Billion |
| Guangdong Baolihua New Energy Stock Co LTD (000690) | $326.87 Million | 9.45% | 0.52x | $1.19 Billion |
| CGN Power (003816) | $135.29 Billion | 7.00% | 1.87x | $8.87 Billion |
| Henan BCCY Environmental Energy Co. Ltd (300614) | $1.28 Billion | -22.09% | 0.72x | $177.35 Million |
| Beijing Jingneng Power Co Ltd (600578) | $26.29 Billion | -11.86% | 2.14x | $1.37 Billion |
| Sichuan Chuantou Energy Co Ltd (600674) | $609.21 Million | 10.97% | 0.54x | $3.44 Billion |
| Dalian Thermal Power Co Ltd (600719) | $453.63 Million | 10.89% | 1.20x | $250.11 Million |
| Huadian Energy (600726) | $1.69 Billion | 10.92% | 0.48x | $855.33 Million |
| Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd (600863) | $20.59 Billion | 8.58% | 0.95x | $2.25 Billion |
| Datang International Power Generation Co Ltd Class A (601991) | $76.31 Billion | -0.53% | 3.00x | $3.85 Billion |