Zhejiang Provincial New Energy Investment Group Co Ltd (600032) - Net Assets
Based on the latest financial reports, Zhejiang Provincial New Energy Investment Group Co Ltd (600032) has net assets worth CN¥19.69 Billion CNY (≈ $2.88 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¥59.85 Billion ≈ $8.76 Billion USD) and total liabilities (CN¥40.16 Billion ≈ $5.88 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 Zhejiang Provincial New Energy Investmen liquidity resilience to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥19.69 Billion |
| % of Total Assets | 32.9% |
| Annual Growth Rate | 19.35% |
| 5-Year Change | 85.54% |
| 10-Year Change | N/A |
| Growth Volatility | 18.17 |
Zhejiang Provincial New Energy Investment Group Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Zhejiang Provincial New Energy Investment Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Zhejiang Provincial New Energy Investmen (600032) total assets for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Provincial New Energy Investment Group Co Ltd (2016–2024)
The table below shows the annual net assets of Zhejiang Provincial New Energy Investment Group Co Ltd from 2016 to 2024. For live valuation and market cap data, see 600032 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥18.79 Billion ≈ $2.75 Billion |
+2.74% |
| 2023-12-31 | CN¥18.28 Billion ≈ $2.68 Billion |
+27.90% |
| 2022-12-31 | CN¥14.30 Billion ≈ $2.09 Billion |
+19.86% |
| 2021-12-31 | CN¥11.93 Billion ≈ $1.75 Billion |
+17.80% |
| 2020-12-31 | CN¥10.12 Billion ≈ $1.48 Billion |
+4.31% |
| 2019-12-31 | CN¥9.71 Billion ≈ $1.42 Billion |
+29.99% |
| 2018-12-31 | CN¥7.47 Billion ≈ $1.09 Billion |
+60.20% |
| 2017-12-31 | CN¥4.66 Billion ≈ $682.04 Million |
+2.18% |
| 2016-12-31 | CN¥4.56 Billion ≈ $667.49 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Provincial New Energy Investment Group 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 111.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.83 Billion | 22.78% |
| Common Stock | CN¥2.40 Billion | 19.34% |
| Other Comprehensive Income | CN¥476.96 Million | 3.84% |
| Other Components | CN¥6.72 Billion | 54.04% |
| Total Equity | CN¥12.43 Billion | 100.00% |
Zhejiang Provincial New Energy Investment Group Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Provincial New Energy Investment Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Cofinimmo SA
BR:COFB
|
$3.47 Billion |
|
Shandong Humon Smelting Co Ltd
SHE:002237
|
$3.48 Billion |
|
Xiamen Amoytop Biotech Co Ltd
SHG:688278
|
$3.48 Billion |
|
International Seaways Inc
NYSE:INSW
|
$3.48 Billion |
|
Unilever Indonesia Tbk
JK:UNVR
|
$3.47 Billion |
|
Renasant Corporation
NYSE:RNST
|
$3.47 Billion |
|
H&E Equipment Services Inc
NASDAQ:HEES
|
$3.47 Billion |
|
COPT Defense Properties
NYSE:CDP
|
$3.47 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Provincial New Energy Investment Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 12,097,215,533 to 12,431,604,330, a change of 334,388,797 (2.8%).
- Net income of 566,503,398 contributed positively to equity growth.
- Dividend payments of 1,241,369,899 reduced retained earnings.
- Other comprehensive income increased equity by 464,984,740.
- Other factors increased equity by 544,270,558.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥566.50 Million | +4.56% |
| Dividends Paid | CN¥1.24 Billion | -9.99% |
| Other Comprehensive Income | CN¥464.98 Million | +3.74% |
| Other Changes | CN¥544.27 Million | +4.38% |
| Total Change | CN¥- | 2.76% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Provincial New Energy Investment Group 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: 1.91x
- 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 5.66x to 1.91x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥1.74 | CN¥9.87 | x |
| 2017-12-31 | CN¥1.80 | CN¥9.87 | x |
| 2018-12-31 | CN¥2.75 | CN¥9.87 | x |
| 2019-12-31 | CN¥3.02 | CN¥9.87 | x |
| 2020-12-31 | CN¥3.16 | CN¥9.87 | x |
| 2021-12-31 | CN¥3.71 | CN¥9.87 | x |
| 2022-12-31 | CN¥4.15 | CN¥9.87 | x |
| 2023-12-31 | CN¥5.27 | CN¥9.87 | x |
| 2024-12-31 | CN¥5.17 | CN¥9.87 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Provincial New Energy Investment Group 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): 4.56%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.42%
- • Asset Turnover: 0.08x
- • Equity Multiplier: 4.74x
- Recent ROE (4.56%) is below the historical average (6.66%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 12.08% | 35.84% | 0.15x | 2.20x | CN¥75.35 Million |
| 2017 | 6.74% | 27.04% | 0.11x | 2.25x | CN¥-122.39 Million |
| 2018 | 2.63% | 12.03% | 0.07x | 3.02x | CN¥-422.27 Million |
| 2019 | 6.49% | 19.38% | 0.09x | 3.85x | CN¥-220.70 Million |
| 2020 | 4.32% | 12.09% | 0.08x | 4.53x | CN¥-372.86 Million |
| 2021 | 8.94% | 21.31% | 0.08x | 5.36x | CN¥-81.67 Million |
| 2022 | 8.99% | 16.87% | 0.10x | 5.41x | CN¥-86.81 Million |
| 2023 | 5.18% | 13.86% | 0.09x | 4.38x | CN¥-582.57 Million |
| 2024 | 4.56% | 11.42% | 0.08x | 4.74x | CN¥-676.66 Million |
Industry Comparison
This section compares Zhejiang Provincial New Energy Investment Group Co Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $3,320,976,391
- Average return on equity (ROE) among peers: 14.10%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Provincial New Energy Investment Group Co Ltd (600032) | CN¥19.69 Billion | 12.08% | 2.04x | $3.47 Billion |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $991.06 Million | 1.23% | 1.31x | $106.61 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $2.74 Billion | 5.19% | 1.92x | $2.99 Billion |
| Guangdong Electric Power Development Co Ltd (000539) | $10.01 Billion | 9.47% | 0.33x | $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) | $46.50 Million | 49.19% | 0.84x | $3.83 Billion |
| Tieling Newcity Investment Holding Ltd (000809) | $2.11 Billion | 28.80% | 0.67x | $455.01 Million |
| Hubei Energy Group Co Ltd (000883) | $14.50 Billion | 6.54% | 1.19x | $4.61 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.38 Billion | 1.56% | 0.78x | $820.24 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $808.42 Million | 18.28% | 20.10x | $1.16 Billion |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $515.76 Million | 11.72% | 0.25x | $1.34 Billion |
About Zhejiang Provincial New Energy Investment Group Co Ltd
Zhejiang Provincial New Energy Investment Group Co., Ltd. engages in the investment, development, construction, operation, and management of renewable energy projects in China. The company is involved in wind power, photovoltaics, hydropower, hydrogen energy and energy storage projects. It engages in sale of electricity; and investment management business. It has a total installed capacity of app… Read more