Guizhou Panjiang Refined Coal Co Ltd (600395) - Net Assets
Based on the latest financial reports, Guizhou Panjiang Refined Coal Co Ltd (600395) has net assets worth CN¥11.57 Billion CNY (≈ $1.69 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¥46.50 Billion ≈ $6.80 Billion USD) and total liabilities (CN¥34.93 Billion ≈ $5.11 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 600395 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥11.57 Billion |
| % of Total Assets | 24.89% |
| Annual Growth Rate | 15.03% |
| 5-Year Change | 47.45% |
| 10-Year Change | 92.36% |
| Growth Volatility | 47.95 |
Guizhou Panjiang Refined Coal Co Ltd - Net Assets Trend (1997–2024)
This chart illustrates how Guizhou Panjiang Refined Coal Co Ltd's net assets have evolved over time, based on quarterly financial data. See Guizhou Panjiang Refined Coal Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Guizhou Panjiang Refined Coal Co Ltd (1997–2024)
The table below shows the annual net assets of Guizhou Panjiang Refined Coal Co Ltd from 1997 to 2024. For live valuation and market cap data, see Guizhou Panjiang Refined Coal Co Ltd market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥11.49 Billion ≈ $1.68 Billion |
-8.20% |
| 2023-12-31 | CN¥12.52 Billion ≈ $1.83 Billion |
-0.54% |
| 2022-12-31 | CN¥12.58 Billion ≈ $1.84 Billion |
+58.29% |
| 2021-12-31 | CN¥7.95 Billion ≈ $1.16 Billion |
+2.03% |
| 2020-12-31 | CN¥7.79 Billion ≈ $1.14 Billion |
+1.62% |
| 2019-12-31 | CN¥7.67 Billion ≈ $1.12 Billion |
+11.17% |
| 2018-12-31 | CN¥6.90 Billion ≈ $1.01 Billion |
+2.27% |
| 2017-12-31 | CN¥6.74 Billion ≈ $986.93 Million |
+4.40% |
| 2016-12-31 | CN¥6.46 Billion ≈ $945.37 Million |
+8.16% |
| 2015-12-31 | CN¥5.97 Billion ≈ $874.01 Million |
-6.12% |
| 2014-12-31 | CN¥6.36 Billion ≈ $931.01 Million |
-17.55% |
| 2013-12-31 | CN¥7.72 Billion ≈ $1.13 Billion |
-6.30% |
| 2012-12-31 | CN¥8.24 Billion ≈ $1.21 Billion |
+10.14% |
| 2011-12-31 | CN¥7.48 Billion ≈ $1.09 Billion |
+17.08% |
| 2010-12-31 | CN¥6.39 Billion ≈ $934.62 Million |
+18.99% |
| 2009-12-31 | CN¥5.37 Billion ≈ $785.44 Million |
+153.82% |
| 2008-12-31 | CN¥2.11 Billion ≈ $309.45 Million |
+45.76% |
| 2007-12-31 | CN¥1.45 Billion ≈ $212.30 Million |
+3.86% |
| 2006-12-31 | CN¥1.40 Billion ≈ $204.40 Million |
+3.40% |
| 2005-12-31 | CN¥1.35 Billion ≈ $197.68 Million |
+4.42% |
| 2004-12-31 | CN¥1.29 Billion ≈ $189.32 Million |
+3.24% |
| 2003-12-31 | CN¥1.25 Billion ≈ $183.38 Million |
+3.04% |
| 2002-12-31 | CN¥1.22 Billion ≈ $177.96 Million |
+2.59% |
| 2001-12-31 | CN¥1.19 Billion ≈ $173.48 Million |
+204.73% |
| 2000-12-31 | CN¥389.03 Million ≈ $56.93 Million |
+6.74% |
| 1999-12-31 | CN¥364.48 Million ≈ $53.33 Million |
+35.81% |
| 1998-12-31 | CN¥268.38 Million ≈ $39.27 Million |
+2.31% |
| 1997-12-31 | CN¥262.32 Million ≈ $38.39 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Guizhou Panjiang Refined Coal 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 319113407054.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.18 Billion | 30.51% |
| Common Stock | CN¥2.15 Billion | 20.60% |
| Other Components | CN¥5.10 Billion | 48.90% |
| Total Equity | CN¥10.42 Billion | 100.00% |
Guizhou Panjiang Refined Coal Co Ltd Competitors by Market Cap
The table below lists competitors of Guizhou Panjiang Refined Coal Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Engineers India Limited
NSE:ENGINERSIN
|
$1.52 Billion |
|
Taihan Fiber Optics Co. Ltd
KQ:010170
|
$1.52 Billion |
|
Jiangsu Dagang Co Ltd
SHE:002077
|
$1.53 Billion |
|
Central Plaza Hotel Public Company Limited
BK:CENTEL
|
$1.53 Billion |
|
NRW Holdings Limited
F:3NR
|
$1.52 Billion |
|
Timah Persero Tbk
JK:TINS
|
$1.52 Billion |
|
Europris ASA
OL:EPR
|
$1.52 Billion |
|
Jilin Chemical Fibre Co Ltd
SHE:000420
|
$1.52 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guizhou Panjiang Refined Coal Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 11,413,582,825 to 10,422,486,000, a change of -991,096,825 (-8.7%).
- Net income of 104,159,395 contributed positively to equity growth.
- Dividend payments of 1,097,859,751 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥104.16 Million | +1.0% |
| Dividends Paid | CN¥1.10 Billion | -10.53% |
| Other Changes | CN¥2.60 Million | +0.02% |
| Total Change | CN¥- | -8.68% |
Book Value vs Market Value Analysis
This analysis compares Guizhou Panjiang Refined Coal 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: 0.99x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 10.08x to 0.99x 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¥0.48 | CN¥4.85 | x |
| 1998-12-31 | CN¥0.49 | CN¥4.85 | x |
| 1999-12-31 | CN¥0.67 | CN¥4.85 | x |
| 2000-12-31 | CN¥0.71 | CN¥4.85 | x |
| 2001-12-31 | CN¥2.17 | CN¥4.85 | x |
| 2002-12-31 | CN¥1.38 | CN¥4.85 | x |
| 2003-12-31 | CN¥1.42 | CN¥4.85 | x |
| 2004-12-31 | CN¥1.46 | CN¥4.85 | x |
| 2005-12-31 | CN¥1.52 | CN¥4.85 | x |
| 2006-12-31 | CN¥1.57 | CN¥4.85 | x |
| 2007-12-31 | CN¥2.60 | CN¥4.85 | x |
| 2008-12-31 | CN¥2.37 | CN¥4.85 | x |
| 2009-12-31 | CN¥3.65 | CN¥4.85 | x |
| 2010-12-31 | CN¥3.82 | CN¥4.85 | x |
| 2011-12-31 | CN¥4.19 | CN¥4.85 | x |
| 2012-12-31 | CN¥4.60 | CN¥4.85 | x |
| 2013-12-31 | CN¥4.43 | CN¥4.85 | x |
| 2014-12-31 | CN¥3.66 | CN¥4.85 | x |
| 2015-12-31 | CN¥3.41 | CN¥4.85 | x |
| 2016-12-31 | CN¥3.76 | CN¥4.85 | x |
| 2017-12-31 | CN¥3.89 | CN¥4.85 | x |
| 2018-12-31 | CN¥3.97 | CN¥4.85 | x |
| 2019-12-31 | CN¥4.44 | CN¥4.85 | x |
| 2020-12-31 | CN¥4.25 | CN¥4.85 | x |
| 2021-12-31 | CN¥4.18 | CN¥4.85 | x |
| 2022-12-31 | CN¥5.81 | CN¥4.85 | x |
| 2023-12-31 | CN¥5.31 | CN¥4.85 | x |
| 2024-12-31 | CN¥4.90 | CN¥4.85 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guizhou Panjiang Refined Coal 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): 1.00%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.17%
- • Asset Turnover: 0.20x
- • Equity Multiplier: 4.17x
- Recent ROE (1.00%) is below the historical average (11.67%), 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 | 21.02% | 11.15% | 1.00x | 1.88x | CN¥28.92 Million |
| 1998 | 14.35% | 8.91% | 0.85x | 1.88x | CN¥11.66 Million |
| 1999 | 11.82% | 9.01% | 0.79x | 1.66x | CN¥6.65 Million |
| 2000 | 12.77% | 10.56% | 0.64x | 1.88x | CN¥10.76 Million |
| 2001 | 5.79% | 13.91% | 0.35x | 1.17x | CN¥-49.96 Million |
| 2002 | 5.57% | 10.14% | 0.46x | 1.19x | CN¥-53.84 Million |
| 2003 | 5.92% | 7.70% | 0.63x | 1.22x | CN¥-51.18 Million |
| 2004 | 6.01% | 4.55% | 0.93x | 1.42x | CN¥-51.66 Million |
| 2005 | 5.93% | 3.16% | 1.28x | 1.47x | CN¥-55.04 Million |
| 2006 | 5.79% | 3.31% | 1.24x | 1.42x | CN¥-58.82 Million |
| 2007 | 6.66% | 4.01% | 1.16x | 1.43x | CN¥-48.49 Million |
| 2008 | 25.55% | 13.52% | 1.50x | 1.26x | CN¥328.86 Million |
| 2009 | 18.54% | 22.35% | 0.62x | 1.34x | CN¥456.03 Million |
| 2010 | 21.27% | 24.60% | 0.66x | 1.31x | CN¥712.63 Million |
| 2011 | 24.57% | 22.84% | 0.61x | 1.76x | CN¥1.01 Billion |
| 2012 | 19.76% | 19.08% | 0.56x | 1.84x | CN¥742.65 Million |
| 2013 | 6.55% | 8.58% | 0.39x | 1.93x | CN¥-249.22 Million |
| 2014 | 5.08% | 5.94% | 0.47x | 1.81x | CN¥-297.77 Million |
| 2015 | 0.41% | 0.57% | 0.39x | 1.83x | CN¥-542.83 Million |
| 2016 | 3.19% | 5.01% | 0.34x | 1.87x | CN¥-418.78 Million |
| 2017 | 13.62% | 14.43% | 0.50x | 1.90x | CN¥233.08 Million |
| 2018 | 14.38% | 15.52% | 0.46x | 2.00x | CN¥287.80 Million |
| 2019 | 16.51% | 16.35% | 0.52x | 1.95x | CN¥477.64 Million |
| 2020 | 12.33% | 13.20% | 0.38x | 2.47x | CN¥163.95 Million |
| 2021 | 16.94% | 12.05% | 0.47x | 2.96x | CN¥480.16 Million |
| 2022 | 19.05% | 18.53% | 0.39x | 2.61x | CN¥1.04 Billion |
| 2023 | 6.42% | 7.79% | 0.27x | 3.09x | CN¥-408.87 Million |
| 2024 | 1.00% | 1.17% | 0.20x | 4.17x | CN¥-938.09 Million |
Industry Comparison
This section compares Guizhou Panjiang Refined Coal Co Ltd's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $11,644,660,741
- Average return on equity (ROE) among peers: 15.87%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guizhou Panjiang Refined Coal Co Ltd (600395) | CN¥11.57 Billion | 21.02% | 3.02x | $1.52 Billion |
| Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552) | $229.70 Million | 4.26% | 1.01x | $1.90 Billion |
| Jizhong Energy Resources Co Ltd (000937) | $23.06 Billion | 3.41% | 1.22x | $2.31 Billion |
| Shanxi Xishan Coal and Electricity Power Co Ltd (000983) | $511.29 Million | 37.45% | 1.24x | $5.29 Billion |
| Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128) | $599.78 Million | 25.34% | 1.79x | $7.92 Billion |
| Guangzhou Development Group Inc (600098) | $1.16 Billion | 26.27% | 2.74x | $3.38 Billion |
| Zhengzhou Coal Industry & Electric Power Co Ltd (600121) | $1.39 Billion | 6.13% | 0.81x | $727.43 Million |
| Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) | $2.55 Billion | 22.02% | 0.83x | $1.30 Billion |
| Wintime Energy Co Ltd (600157) | $25.98 Billion | 2.32% | 2.37x | $5.24 Billion |
| Yankuang Energy Group Co Ltd (600188) | $36.81 Billion | 24.47% | 0.98x | $16.91 Billion |
| Shan XI Hua Yang Group New Energy Co Ltd (600348) | $24.16 Billion | 7.04% | 1.03x | $4.32 Billion |
About Guizhou Panjiang Refined Coal Co Ltd
Guizhou Panjiang Refined Coal Co.,Ltd. engages in mining, washing, processing, and selling of coal in China and internationally. The company offers coking coal, PCI coal, etc. for use in the steel and chemical industries; and thermal coal for use in power, building materials, and other industries. It also invests in, constructs, and generates electricity through coal-fired, wind, and photovoltaic… Read more