Shenyang Jinshan Energy Co Ltd

SHG:600396 China Utilities - Diversified
Market Cap
$778.78 Million
CN¥5.71 Billion CNY
Market Cap Rank
#12519 Global
#3109 in China
Share Price
CN¥3.88
Change (1 day)
-6.28%
52-Week Range
CN¥2.42 - CN¥4.14
All Time High
CN¥8.35
Categories
Companies in China Utilities - Diversified
About

Huadian Liaoning Energy Development Co.,Ltd engaged in the production and sale of electricity and heat in China. It is involved in the thermal power generation and heating, wind power generation, photovoltaic power generation, and other businesses. The company was formerly known as Shenyang Jinshan Energy Co., Ltd. Huadian Liaoning Energy Development Co.,Ltd was founded in 1998 and is headquarter… Read more

Shenyang Jinshan Energy Co Ltd (600396) - Net Assets

Latest net assets as of September 2025: CN¥4.40 Billion CNY

Based on the latest financial reports, Shenyang Jinshan Energy Co Ltd (600396) has net assets worth CN¥4.40 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¥14.03 Billion) and total liabilities (CN¥9.63 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¥4.40 Billion
% of Total Assets 31.38%
Annual Growth Rate 16.09%
5-Year Change 74.01%
10-Year Change -5.19%
Growth Volatility 201.96

Shenyang Jinshan Energy Co Ltd - Net Assets Trend (1998–2024)

This chart illustrates how Shenyang Jinshan Energy 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 Shenyang Jinshan Energy Co Ltd (1998–2024)

The table below shows the annual net assets of Shenyang Jinshan Energy Co Ltd from 1998 to 2024.

Year Net Assets Change
2024-12-31 CN¥4.20 Billion +406.13%
2023-12-31 CN¥829.10 Million +139.21%
2022-12-31 CN¥-2.11 Billion -866.23%
2021-12-31 CN¥275.93 Million -88.56%
2020-12-31 CN¥2.41 Billion +2.19%
2019-12-31 CN¥2.36 Billion -5.71%
2018-12-31 CN¥2.50 Billion -26.32%
2017-12-31 CN¥3.40 Billion -22.52%
2016-12-31 CN¥4.38 Billion -0.95%
2015-12-31 CN¥4.43 Billion +49.12%
2014-12-31 CN¥2.97 Billion +32.64%
2013-12-31 CN¥2.24 Billion +13.51%
2012-12-31 CN¥1.97 Billion +5.89%
2011-12-31 CN¥1.86 Billion -7.74%
2010-12-31 CN¥2.02 Billion +8.06%
2009-12-31 CN¥1.87 Billion +22.61%
2008-12-31 CN¥1.52 Billion +3.48%
2007-12-31 CN¥1.47 Billion +35.52%
2006-12-31 CN¥1.09 Billion +54.79%
2005-12-31 CN¥701.69 Million +28.55%
2004-12-31 CN¥545.87 Million +13.13%
2003-12-31 CN¥482.50 Million -33.43%
2002-12-31 CN¥724.85 Million +79.13%
2001-12-31 CN¥404.65 Million +279.52%
2000-12-31 CN¥106.62 Million +8.82%
1999-12-31 CN¥97.98 Million +12.89%
1998-12-31 CN¥86.79 Million --

Equity Component Analysis

This analysis shows how different components contribute to Shenyang Jinshan Energy 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 841466.3% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥1.47 Billion 110.76%
Other Comprehensive Income CN¥180.00 Million 13.54%
Other Components CN¥2.23 Billion 167.99%
Total Equity CN¥1.33 Billion 100.00%

Shenyang Jinshan Energy Co Ltd Competitors by Market Cap

The table below lists competitors of Shenyang Jinshan Energy Co Ltd ranked by their market capitalization.

Company Market Cap
Shanghai Jinjiang Shipping (Group) Co., Ltd.
SHG:601083
 		$319.59 Million
Guangdong Hybribio Biotech Co Ltd
SHE:300639
 		$319.65 Million
Anhui Transport Consulting &
SHG:603357
 		$319.65 Million
Xiamen Leading Optics Co Ltd
SHG:605118
 		$319.65 Million
Nanning Department Store Co Ltd
SHG:600712
 		$319.53 Million
ASHTEAD TECHNOLOGY LS-05
F:Y9R
 		$319.45 Million
Sinoma Energy Conservation Ltd
SHG:603126
 		$319.39 Million
Formosa International Hotels Corp
TW:2707
 		$319.20 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Shenyang Jinshan Energy Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 349,865,109 to 1,329,601,664, a change of 979,736,555 (280.0%).
  • Net income of 84,725,150 contributed positively to equity growth.
  • Dividend payments of 372,889,635 reduced retained earnings.
  • Other comprehensive income decreased equity by 3,829,433.
  • Other factors increased equity by 1,271,730,473.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥84.73 Million +6.37%
Dividends Paid CN¥372.89 Million -28.05%
Other Comprehensive Income CN¥-3.83 Million -0.29%
Other Changes CN¥1.27 Billion +95.65%
Total Change CN¥- 280.03%

Book Value vs Market Value Analysis

This analysis compares Shenyang Jinshan Energy 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: 4.30x
  • 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 26.73x to 4.30x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
1998-12-31 CN¥0.15 CN¥3.88 x
1999-12-31 CN¥0.16 CN¥3.88 x
2000-12-31 CN¥0.18 CN¥3.88 x
2001-12-31 CN¥0.68 CN¥3.88 x
2002-12-31 CN¥0.74 CN¥3.88 x
2003-12-31 CN¥0.77 CN¥3.88 x
2004-12-31 CN¥0.85 CN¥3.88 x
2005-12-31 CN¥0.92 CN¥3.88 x
2006-12-31 CN¥1.44 CN¥3.88 x
2007-12-31 CN¥1.45 CN¥3.88 x
2008-12-31 CN¥1.45 CN¥3.88 x
2009-12-31 CN¥1.53 CN¥3.88 x
2010-12-31 CN¥1.54 CN¥3.88 x
2011-12-31 CN¥1.52 CN¥3.88 x
2012-12-31 CN¥1.67 CN¥3.88 x
2013-12-31 CN¥1.94 CN¥3.88 x
2014-12-31 CN¥1.80 CN¥3.88 x
2015-12-31 CN¥3.04 CN¥3.88 x
2016-12-31 CN¥2.45 CN¥3.88 x
2017-12-31 CN¥1.83 CN¥3.88 x
2018-12-31 CN¥1.33 CN¥3.88 x
2019-12-31 CN¥1.38 CN¥3.88 x
2020-12-31 CN¥1.44 CN¥3.88 x
2021-12-31 CN¥0.14 CN¥3.88 x
2022-12-31 CN¥-1.22 CN¥3.88 x
2023-12-31 CN¥0.24 CN¥3.88 x
2024-12-31 CN¥0.90 CN¥3.88 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shenyang Jinshan Energy 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): 6.37%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 1.90%
  • • Asset Turnover: 0.32x
  • • Equity Multiplier: 10.61x
  • Recent ROE (6.37%) is above the historical average (-13.62%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1998 5.01% 7.95% 0.22x 2.91x CN¥-4.33 Million
1999 13.97% 17.23% 0.33x 2.47x CN¥3.89 Million
2000 15.24% 17.64% 0.34x 2.53x CN¥5.58 Million
2001 5.11% 19.74% 0.19x 1.39x CN¥-19.78 Million
2002 8.00% 9.63% 0.28x 3.01x CN¥-8.85 Million
2003 10.55% 44.68% 0.15x 1.55x CN¥2.52 Million
2004 10.05% 28.84% 0.19x 1.87x CN¥248.45K
2005 9.17% 14.81% 0.13x 4.79x CN¥-4.55 Million
2006 7.56% 13.99% 0.12x 4.52x CN¥-20.99 Million
2007 11.41% 7.35% 0.29x 5.37x CN¥13.77 Million
2008 1.15% 0.63% 0.30x 6.14x CN¥-87.28 Million
2009 3.91% 2.13% 0.18x 10.10x CN¥-63.38 Million
2010 0.58% 0.34% 0.14x 12.38x CN¥-98.55 Million
2011 11.87% 3.83% 0.23x 13.48x CN¥19.36 Million
2012 9.70% 3.09% 0.24x 13.00x CN¥-3.37 Million
2013 16.36% 4.89% 0.30x 11.31x CN¥83.90 Million
2014 13.15% 6.00% 0.31x 7.13x CN¥66.33 Million
2015 7.08% 3.62% 0.35x 5.54x CN¥-106.47 Million
2016 0.60% 0.33% 0.32x 5.67x CN¥-338.74 Million
2017 -33.20% -12.97% 0.34x 7.53x CN¥-1.17 Billion
2018 -37.10% -10.21% 0.35x 10.24x CN¥-925.07 Million
2019 -7.30% -2.01% 0.38x 9.48x CN¥-352.42 Million
2020 2.59% 0.75% 0.36x 9.67x CN¥-156.79 Million
2021 -1071.34% -32.54% 0.31x 104.90x CN¥-2.16 Billion
2022 0.00% -33.83% 0.38x 0.00x CN¥-2.23 Billion
2023 611.76% 34.11% 0.45x 39.67x CN¥2.11 Billion
2024 6.37% 1.90% 0.32x 10.61x CN¥-48.24 Million

Industry Comparison

This section compares Shenyang Jinshan Energy Co Ltd's net assets metrics with peer companies in the Utilities - Diversified industry.

Industry Context

  • Industry: Utilities - Diversified
  • Average net assets among peers: $2,729,398,340
  • Average return on equity (ROE) among peers: 5.61%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Shenyang Jinshan Energy Co Ltd (600396) CN¥4.40 Billion 5.01% 2.19x $319.56 Million
Shenyang Huitian Thermal Power Co Ltd (000692) $1.40 Billion 5.33% 2.06x $212.01 Million
Fujian Funeng Co Ltd (600483) $778.00 Million 2.92% 0.54x $1.36 Billion
Xinjiang Tianfu Energy Co Ltd (600509) $6.46 Billion -0.69% 2.38x $1.11 Billion
Shenergy Co Ltd (600642) $3.85 Billion 12.69% 0.85x $2.08 Billion
Hunan Chen Dian International Development Co Ltd (600969) $1.15 Billion 7.81% 2.62x $327.07 Million