Zhengzhou Coal Industry & Electric Power Co Ltd
Zhengzhou Coal Industry & Electric Power Co., Ltd. engages in the production and sale of coal in China. It operates through five segments: Coal, Material Circulation, Railway Transportation, Construction, and Others. The company was founded in 1997 and is based in Zhengzhou, China.
Zhengzhou Coal Industry & Electric Power Co Ltd (600121) - Net Assets
Latest net assets as of September 2025: CN¥2.93 Billion CNY
Based on the latest financial reports, Zhengzhou Coal Industry & Electric Power Co Ltd (600121) has net assets worth CN¥2.93 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¥13.78 Billion) and total liabilities (CN¥10.85 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¥2.93 Billion |
| % of Total Assets | 21.3% |
| Annual Growth Rate | 10.52% |
| 5-Year Change | 23.19% |
| 10-Year Change | -28.82% |
| Growth Volatility | 63.86 |
Zhengzhou Coal Industry & Electric Power Co Ltd - Net Assets Trend (1995–2024)
This chart illustrates how Zhengzhou Coal Industry & 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 Zhengzhou Coal Industry & Electric Power Co Ltd (1995–2024)
The table below shows the annual net assets of Zhengzhou Coal Industry & Electric Power Co Ltd from 1995 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥3.16 Billion | +12.75% |
| 2023-12-31 | CN¥2.80 Billion | +4.13% |
| 2022-12-31 | CN¥2.69 Billion | +6.61% |
| 2021-12-31 | CN¥2.53 Billion | -1.57% |
| 2020-12-31 | CN¥2.57 Billion | -32.84% |
| 2019-12-31 | CN¥3.82 Billion | -12.72% |
| 2018-12-31 | CN¥4.38 Billion | -0.59% |
| 2017-12-31 | CN¥4.40 Billion | +18.69% |
| 2016-12-31 | CN¥3.71 Billion | -16.45% |
| 2015-12-31 | CN¥4.44 Billion | -15.74% |
| 2014-12-31 | CN¥5.27 Billion | +10.55% |
| 2013-12-31 | CN¥4.77 Billion | +17.82% |
| 2012-12-31 | CN¥4.05 Billion | +106.75% |
| 2011-12-31 | CN¥1.96 Billion | +6.09% |
| 2010-12-31 | CN¥1.85 Billion | +7.06% |
| 2009-12-31 | CN¥1.72 Billion | -2.29% |
| 2008-12-31 | CN¥1.76 Billion | +18.03% |
| 2007-12-31 | CN¥1.49 Billion | +10.99% |
| 2006-12-31 | CN¥1.35 Billion | +12.49% |
| 2005-12-31 | CN¥1.20 Billion | -22.60% |
| 2004-12-31 | CN¥1.55 Billion | +11.40% |
| 2003-12-31 | CN¥1.39 Billion | +6.53% |
| 2002-12-31 | CN¥1.30 Billion | +6.57% |
| 2001-12-31 | CN¥1.22 Billion | -2.61% |
| 2000-12-31 | CN¥1.26 Billion | +8.43% |
| 1999-12-31 | CN¥1.16 Billion | +15.37% |
| 1998-12-31 | CN¥1.00 Billion | +17.98% |
| 1997-12-31 | CN¥850.71 Million | +334.45% |
| 1996-12-31 | CN¥195.81 Million | +12.81% |
| 1995-12-31 | CN¥173.58 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhengzhou Coal Industry & 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 decreased by 35712962200.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.22 Billion | 64.86% |
| Other Comprehensive Income | CN¥801.24 Million | 42.65% |
| Other Components | CN¥216.04 Million | 11.50% |
| Total Equity | CN¥1.88 Billion | 100.00% |
Zhengzhou Coal Industry & Electric Power Co Ltd Competitors by Market Cap
The table below lists competitors of Zhengzhou Coal Industry & Electric Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
DukSan Neolux Co.Ltd
KQ:213420
|
$432.37 Million |
|
Warom Technology Inc Co
SHG:603855
|
$432.52 Million |
|
Strive Asset Management
NASDAQ:ASST
|
$432.55 Million |
|
Sosei Group Corporation
PINK:SOLTF
|
$432.55 Million |
|
Bichamp Cutting Technology Hunan Co Ltd
SHE:002843
|
$432.29 Million |
|
SCOR PK
PINK:SCRYY
|
$432.24 Million |
|
Chinhung International Inc. Pfd. Series 2
KO:002787
|
$432.23 Million |
|
Surya Esa Perkasa Tbk
JK:ESSA
|
$432.22 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhengzhou Coal Industry & Electric Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,605,408,865 to 1,878,560,316, a change of 273,151,451 (17.0%).
- Net income of 282,662,788 contributed positively to equity growth.
- Dividend payments of 190,986,485 reduced retained earnings.
- Other comprehensive income increased equity by 801,242,277.
- Other factors decreased equity by 619,767,129.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥282.66 Million | +15.05% |
| Dividends Paid | CN¥190.99 Million | -10.17% |
| Other Comprehensive Income | CN¥801.24 Million | +42.65% |
| Other Changes | CN¥-619.77 Million | -32.99% |
| Total Change | CN¥- | 17.01% |
Book Value vs Market Value Analysis
This analysis compares Zhengzhou Coal Industry & 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: 3.66x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 24.95x to 3.66x 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¥0.23 | CN¥5.65 | x |
| 1996-12-31 | CN¥0.26 | CN¥5.65 | x |
| 1997-12-31 | CN¥1.11 | CN¥5.65 | x |
| 1998-12-31 | CN¥1.31 | CN¥5.65 | x |
| 1999-12-31 | CN¥1.51 | CN¥5.65 | x |
| 2000-12-31 | CN¥1.64 | CN¥5.65 | x |
| 2001-12-31 | CN¥1.60 | CN¥5.65 | x |
| 2002-12-31 | CN¥1.70 | CN¥5.65 | x |
| 2003-12-31 | CN¥1.81 | CN¥5.65 | x |
| 2004-12-31 | CN¥2.02 | CN¥5.65 | x |
| 2005-12-31 | CN¥1.56 | CN¥5.65 | x |
| 2006-12-31 | CN¥1.75 | CN¥5.65 | x |
| 2007-12-31 | CN¥1.98 | CN¥5.65 | x |
| 2008-12-31 | CN¥2.23 | CN¥5.65 | x |
| 2009-12-31 | CN¥2.17 | CN¥5.65 | x |
| 2010-12-31 | CN¥2.41 | CN¥5.65 | x |
| 2011-12-31 | CN¥1.67 | CN¥5.65 | x |
| 2012-12-31 | CN¥2.81 | CN¥5.65 | x |
| 2013-12-31 | CN¥3.67 | CN¥5.65 | x |
| 2014-12-31 | CN¥3.39 | CN¥5.65 | x |
| 2015-12-31 | CN¥2.82 | CN¥5.65 | x |
| 2016-12-31 | CN¥2.32 | CN¥5.65 | x |
| 2017-12-31 | CN¥2.72 | CN¥5.65 | x |
| 2018-12-31 | CN¥3.33 | CN¥5.65 | x |
| 2019-12-31 | CN¥2.26 | CN¥5.65 | x |
| 2020-12-31 | CN¥1.49 | CN¥5.65 | x |
| 2021-12-31 | CN¥1.30 | CN¥5.65 | x |
| 2022-12-31 | CN¥1.35 | CN¥5.65 | x |
| 2023-12-31 | CN¥1.32 | CN¥5.65 | x |
| 2024-12-31 | CN¥1.54 | CN¥5.65 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhengzhou Coal Industry & 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): 15.05%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 6.72%
- • Asset Turnover: 0.30x
- • Equity Multiplier: 7.43x
- Recent ROE (15.05%) is above the historical average (7.57%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 53.70% | 29.35% | 0.57x | 3.21x | CN¥75.85 Million |
| 1996 | 58.69% | 26.65% | 0.81x | 2.72x | CN¥95.34 Million |
| 1997 | 13.98% | 27.32% | 0.35x | 1.45x | CN¥33.87 Million |
| 1998 | 15.24% | 37.21% | 0.30x | 1.35x | CN¥52.58 Million |
| 1999 | 15.53% | 37.52% | 0.30x | 1.38x | CN¥64.02 Million |
| 2000 | 9.39% | 25.69% | 0.26x | 1.42x | CN¥-7.69 Million |
| 2001 | 6.22% | 12.12% | 0.31x | 1.67x | CN¥-46.17 Million |
| 2002 | 6.16% | 9.66% | 0.38x | 1.68x | CN¥-50.01 Million |
| 2003 | 6.13% | 9.37% | 0.36x | 1.81x | CN¥-53.69 Million |
| 2004 | 10.23% | 12.36% | 0.49x | 1.71x | CN¥3.62 Million |
| 2005 | 16.42% | 13.24% | 0.70x | 1.78x | CN¥76.80 Million |
| 2006 | 10.95% | 5.70% | 1.18x | 1.62x | CN¥12.81 Million |
| 2007 | 12.74% | 5.11% | 1.16x | 2.15x | CN¥40.48 Million |
| 2008 | 11.34% | 4.20% | 0.97x | 2.79x | CN¥22.52 Million |
| 2009 | 6.90% | 1.85% | 1.16x | 3.20x | CN¥-51.46 Million |
| 2010 | 7.26% | 1.32% | 1.70x | 3.22x | CN¥-48.97 Million |
| 2011 | 6.08% | 0.74% | 2.27x | 3.60x | CN¥-74.61 Million |
| 2012 | 12.74% | 2.03% | 2.06x | 3.04x | CN¥88.09 Million |
| 2013 | 1.13% | 0.21% | 1.87x | 2.89x | CN¥-338.24 Million |
| 2014 | 1.48% | 0.32% | 1.72x | 2.69x | CN¥-359.47 Million |
| 2015 | -15.82% | -4.54% | 1.08x | 3.23x | CN¥-888.19 Million |
| 2016 | -22.25% | -6.66% | 0.88x | 3.78x | CN¥-912.79 Million |
| 2017 | 18.97% | 10.98% | 0.51x | 3.40x | CN¥296.65 Million |
| 2018 | 4.51% | 3.17% | 0.38x | 3.76x | CN¥-185.90 Million |
| 2019 | -28.61% | -21.97% | 0.27x | 4.89x | CN¥-1.06 Billion |
| 2020 | -47.69% | -30.90% | 0.19x | 7.98x | CN¥-1.04 Billion |
| 2021 | -0.51% | -0.25% | 0.24x | 8.54x | CN¥-166.25 Million |
| 2022 | 19.27% | 7.18% | 0.32x | 8.45x | CN¥152.73 Million |
| 2023 | 1.99% | 0.77% | 0.31x | 8.26x | CN¥-128.56 Million |
| 2024 | 15.05% | 6.72% | 0.30x | 7.43x | CN¥94.81 Million |
Industry Comparison
This section compares Zhengzhou Coal Industry & Electric Power Co Ltd's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $25,207,115,419
- Average return on equity (ROE) among peers: 9.43%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhengzhou Coal Industry & Electric Power Co Ltd (600121) | CN¥2.93 Billion | 53.70% | 3.70x | $432.36 Million |
| Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552) | $8.53 Billion | 5.22% | 0.59x | $938.82 Million |
| Jizhong Energy Resources Co Ltd (000937) | $21.58 Billion | 4.04% | 1.12x | $764.87 Million |
| Shanxi Xishan Coal and Electricity Power Co Ltd (000983) | $21.74 Billion | 9.00% | 2.25x | $2.14 Billion |
| Shaanxi Energy Investment Co Ltd. A (001286) | $16.82 Billion | 3.13% | 1.82x | $1.47 Billion |
| Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128) | $5.68 Billion | 27.66% | 0.58x | $3.79 Billion |
| Guangzhou Development Group Inc (600098) | $20.53 Billion | 3.92% | 1.06x | $902.01 Million |
| Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) | $7.12 Billion | 18.46% | 0.91x | $789.37 Million |
| Wintime Energy Co Ltd (600157) | $47.58 Billion | 4.01% | 1.18x | $4.69 Billion |
| Yankuang Energy Group Co Ltd (600188) | $77.28 Billion | 9.40% | 1.52x | $13.64 Billion |