Spic Yuanda Environmental Protection Co Ltd
SPIC Hydropower Co., Ltd. provides energy- saving and environmental protection services in China and internationally. It operates through Franchise; Environmental Engineering and Services; Catalysts; Sewage Treatment; and Energy Saving and Others segments. The company is involved in the desulfurization, denitrification, and dust removal general contracting; desulfurization and denitrification fra… Read more
Spic Yuanda Environmental Protection Co Ltd (600292) - Net Assets
Latest net assets as of September 2025: CN¥5.63 Billion CNY
Based on the latest financial reports, Spic Yuanda Environmental Protection Co Ltd (600292) has net assets worth CN¥5.63 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¥10.12 Billion) and total liabilities (CN¥4.49 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¥5.63 Billion |
| % of Total Assets | 55.62% |
| Annual Growth Rate | 17.37% |
| 5-Year Change | 1.45% |
| 10-Year Change | 9.33% |
| Growth Volatility | 60.34 |
Spic Yuanda Environmental Protection Co Ltd - Net Assets Trend (1997–2024)
This chart illustrates how Spic Yuanda Environmental Protection 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 Spic Yuanda Environmental Protection Co Ltd (1997–2024)
The table below shows the annual net assets of Spic Yuanda Environmental Protection Co Ltd from 1997 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥5.58 Billion | +0.22% |
| 2023-12-31 | CN¥5.57 Billion | +0.81% |
| 2022-12-31 | CN¥5.53 Billion | -0.88% |
| 2021-12-31 | CN¥5.58 Billion | +1.31% |
| 2020-12-31 | CN¥5.51 Billion | +1.03% |
| 2019-12-31 | CN¥5.45 Billion | +2.92% |
| 2018-12-31 | CN¥5.29 Billion | +1.46% |
| 2017-12-31 | CN¥5.22 Billion | +0.97% |
| 2016-12-31 | CN¥5.17 Billion | +1.19% |
| 2015-12-31 | CN¥5.11 Billion | +3.10% |
| 2014-12-31 | CN¥4.95 Billion | +67.55% |
| 2013-12-31 | CN¥2.96 Billion | +0.68% |
| 2012-12-31 | CN¥2.94 Billion | +1.54% |
| 2011-12-31 | CN¥2.89 Billion | +137.58% |
| 2010-12-31 | CN¥1.22 Billion | +6.33% |
| 2009-12-31 | CN¥1.15 Billion | +15.59% |
| 2008-12-31 | CN¥990.60 Million | -18.35% |
| 2007-12-31 | CN¥1.21 Billion | +3.74% |
| 2006-12-31 | CN¥1.17 Billion | +16.37% |
| 2005-12-31 | CN¥1.00 Billion | +1.20% |
| 2004-12-31 | CN¥993.04 Million | +6.56% |
| 2003-12-31 | CN¥931.88 Million | +8.37% |
| 2002-12-31 | CN¥859.90 Million | +5.12% |
| 2001-12-31 | CN¥818.01 Million | +8.15% |
| 2000-12-31 | CN¥756.37 Million | +288.03% |
| 1999-12-31 | CN¥194.92 Million | +51.19% |
| 1998-12-31 | CN¥128.93 Million | +74.45% |
| 1997-12-31 | CN¥73.90 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Spic Yuanda Environmental Protection 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 103780492937.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.00 Billion | 19.49% |
| Common Stock | CN¥780.82 Million | 15.15% |
| Other Comprehensive Income | CN¥403.12 Million | 7.82% |
| Other Components | CN¥2.96 Billion | 57.53% |
| Total Equity | CN¥5.15 Billion | 100.00% |
Spic Yuanda Environmental Protection Co Ltd Competitors by Market Cap
The table below lists competitors of Spic Yuanda Environmental Protection Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
China Literature Limited
PINK:CHLLF
|
$1.41 Billion |
|
TriCo Bancshares
NASDAQ:TCBK
|
$1.41 Billion |
|
SCHNEIDER NATL.INC. CL.B
F:SNIA
|
$1.41 Billion |
|
Viva Energy Group Ltd
AU:VEA
|
$1.41 Billion |
|
DO & CO Aktiengesellschaft
VI:DOC
|
$1.41 Billion |
|
DoubleVerify Holdings Inc
NYSE:DV
|
$1.41 Billion |
|
Harmony Biosciences Holdings
NASDAQ:HRMY
|
$1.41 Billion |
|
Dürr Aktiengesellschaft
PINK:DUERF
|
$1.41 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Spic Yuanda Environmental Protection Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 5,129,369,940 to 5,152,724,592, a change of 23,354,652 (0.5%).
- Net income of 35,962,355 contributed positively to equity growth.
- Dividend payments of 71,837,310 reduced retained earnings.
- Other comprehensive income increased equity by 403,121,296.
- Other factors decreased equity by 343,891,689.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥35.96 Million | +0.7% |
| Dividends Paid | CN¥71.84 Million | -1.39% |
| Other Comprehensive Income | CN¥403.12 Million | +7.82% |
| Other Changes | CN¥-343.89 Million | -6.67% |
| Total Change | CN¥- | 0.46% |
Book Value vs Market Value Analysis
This analysis compares Spic Yuanda Environmental Protection 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: 2.05x
- 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 86.55x to 2.05x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1997-12-31 | CN¥0.17 | CN¥14.66 | x |
| 1998-12-31 | CN¥0.30 | CN¥14.66 | x |
| 1999-12-31 | CN¥0.45 | CN¥14.66 | x |
| 2000-12-31 | CN¥1.73 | CN¥14.66 | x |
| 2001-12-31 | CN¥1.80 | CN¥14.66 | x |
| 2002-12-31 | CN¥1.81 | CN¥14.66 | x |
| 2003-12-31 | CN¥1.95 | CN¥14.66 | x |
| 2004-12-31 | CN¥1.96 | CN¥14.66 | x |
| 2005-12-31 | CN¥1.97 | CN¥14.66 | x |
| 2006-12-31 | CN¥1.99 | CN¥14.66 | x |
| 2007-12-31 | CN¥2.12 | CN¥14.66 | x |
| 2008-12-31 | CN¥1.72 | CN¥14.66 | x |
| 2009-12-31 | CN¥2.08 | CN¥14.66 | x |
| 2010-12-31 | CN¥2.18 | CN¥14.66 | x |
| 2011-12-31 | CN¥5.03 | CN¥14.66 | x |
| 2012-12-31 | CN¥4.15 | CN¥14.66 | x |
| 2013-12-31 | CN¥4.33 | CN¥14.66 | x |
| 2014-12-31 | CN¥6.56 | CN¥14.66 | x |
| 2015-12-31 | CN¥6.24 | CN¥14.66 | x |
| 2016-12-31 | CN¥6.12 | CN¥14.66 | x |
| 2017-12-31 | CN¥6.28 | CN¥14.66 | x |
| 2018-12-31 | CN¥6.27 | CN¥14.66 | x |
| 2019-12-31 | CN¥6.53 | CN¥14.66 | x |
| 2020-12-31 | CN¥6.49 | CN¥14.66 | x |
| 2021-12-31 | CN¥6.56 | CN¥14.66 | x |
| 2022-12-31 | CN¥6.50 | CN¥14.66 | x |
| 2023-12-31 | CN¥6.65 | CN¥14.66 | x |
| 2024-12-31 | CN¥7.16 | CN¥14.66 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Spic Yuanda Environmental Protection 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): 0.70%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.76%
- • Asset Turnover: 0.50x
- • Equity Multiplier: 1.84x
- Recent ROE (0.70%) is below the historical average (7.74%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1997 | 45.41% | 13.20% | 0.37x | 9.20x | CN¥26.17 Million |
| 1998 | 45.17% | 19.76% | 0.41x | 5.57x | CN¥45.35 Million |
| 1999 | 35.51% | 22.85% | 0.50x | 3.11x | CN¥49.72 Million |
| 2000 | 9.38% | 25.58% | 0.27x | 1.37x | CN¥-4.66 Million |
| 2001 | 9.63% | 24.09% | 0.29x | 1.36x | CN¥-2.91 Million |
| 2002 | 8.91% | 17.35% | 0.26x | 1.94x | CN¥-8.56 Million |
| 2003 | 8.21% | 17.56% | 0.18x | 2.65x | CN¥-15.24 Million |
| 2004 | 5.44% | 6.75% | 0.23x | 3.51x | CN¥-39.04 Million |
| 2005 | 5.22% | 3.32% | 0.33x | 4.74x | CN¥-41.13 Million |
| 2006 | 7.35% | 2.81% | 0.55x | 4.72x | CN¥-23.49 Million |
| 2007 | 6.54% | 2.50% | 0.59x | 4.41x | CN¥-31.93 Million |
| 2008 | -17.39% | -5.97% | 0.51x | 5.74x | CN¥-206.64 Million |
| 2009 | 5.85% | 1.86% | 0.52x | 6.02x | CN¥-36.74 Million |
| 2010 | 2.83% | 0.81% | 0.63x | 5.55x | CN¥-66.55 Million |
| 2011 | 1.68% | 1.09% | 0.56x | 2.76x | CN¥-215.15 Million |
| 2012 | 6.11% | 3.51% | 0.88x | 1.98x | CN¥-107.07 Million |
| 2013 | 7.28% | 6.40% | 0.57x | 2.01x | CN¥-77.77 Million |
| 2014 | 4.88% | 6.67% | 0.40x | 1.82x | CN¥-244.21 Million |
| 2015 | 5.92% | 8.11% | 0.41x | 1.77x | CN¥-197.15 Million |
| 2016 | 3.10% | 4.61% | 0.38x | 1.79x | CN¥-335.92 Million |
| 2017 | 2.23% | 3.32% | 0.36x | 1.85x | CN¥-379.03 Million |
| 2018 | 2.55% | 3.42% | 0.41x | 1.80x | CN¥-366.95 Million |
| 2019 | 2.18% | 2.73% | 0.44x | 1.80x | CN¥-398.63 Million |
| 2020 | 0.52% | 0.72% | 0.38x | 1.89x | CN¥-480.75 Million |
| 2021 | 1.08% | 1.25% | 0.43x | 2.03x | CN¥-457.01 Million |
| 2022 | -0.55% | -0.68% | 0.40x | 2.05x | CN¥-535.48 Million |
| 2023 | 1.05% | 1.27% | 0.44x | 1.91x | CN¥-458.93 Million |
| 2024 | 0.70% | 0.76% | 0.50x | 1.84x | CN¥-479.31 Million |
Industry Comparison
This section compares Spic Yuanda Environmental Protection Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $4,563,459,332
- Average return on equity (ROE) among peers: 5.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Spic Yuanda Environmental Protection Co Ltd (600292) | CN¥5.63 Billion | 45.41% | 0.80x | $1.41 Billion |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $901.14 Million | 7.15% | 0.78x | $380.61 Million |
| An Hui Wenergy Co Ltd (000543) | $13.78 Billion | 0.96% | 0.93x | $1.12 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $315.53 Million | 1.03% | 1.12x | $850.51 Million |
| Guangdong Shaoneng Group Co Ltd (000601) | $1.97 Billion | 6.67% | 0.53x | $618.00 Million |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $365.38 Million | 8.27% | 1.19x | $255.46 Million |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $2.29 Billion | 0.61% | 3.95x | $785.66 Million |
| Jilin Power Share Co Ltd (000875) | $19.94 Billion | 3.38% | 2.59x | $2.26 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $1.50 Billion | 2.89% | 0.15x | $515.88 Million |
| SPIC Dongfang New Energy Corp (000958) | $1.14 Billion | -0.30% | 1.72x | $1.05 Billion |
| CHN Energy Changyuan Electric Power Co Ltd (000966) | $3.44 Billion | 27.68% | 1.79x | $773.00 Million |