Shenyang Jinshan Energy Co Ltd (600396) - Net Assets
Based on the latest financial reports, Shenyang Jinshan Energy Co Ltd (600396) has net assets worth CN¥4.40 Billion CNY (≈ $644.34 Million 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¥14.03 Billion ≈ $2.05 Billion USD) and total liabilities (CN¥9.63 Billion ≈ $1.41 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 Shenyang Jinshan Energy Co Ltd liquid asset ratio to evaluate the company's liquid asset resilience ratio.
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. Also explore 600396 asset base for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Shenyang Jinshan Energy Co Ltd (600396) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥4.20 Billion ≈ $614.05 Million |
+406.13% |
| 2023-12-31 | CN¥829.10 Million ≈ $121.32 Million |
+139.21% |
| 2022-12-31 | CN¥-2.11 Billion ≈ $-309.38 Million |
-866.23% |
| 2021-12-31 | CN¥275.93 Million ≈ $40.38 Million |
-88.56% |
| 2020-12-31 | CN¥2.41 Billion ≈ $352.88 Million |
+2.19% |
| 2019-12-31 | CN¥2.36 Billion ≈ $345.32 Million |
-5.71% |
| 2018-12-31 | CN¥2.50 Billion ≈ $366.23 Million |
-26.32% |
| 2017-12-31 | CN¥3.40 Billion ≈ $497.08 Million |
-22.52% |
| 2016-12-31 | CN¥4.38 Billion ≈ $641.52 Million |
-0.95% |
| 2015-12-31 | CN¥4.43 Billion ≈ $647.66 Million |
+49.12% |
| 2014-12-31 | CN¥2.97 Billion ≈ $434.33 Million |
+32.64% |
| 2013-12-31 | CN¥2.24 Billion ≈ $327.44 Million |
+13.51% |
| 2012-12-31 | CN¥1.97 Billion ≈ $288.47 Million |
+5.89% |
| 2011-12-31 | CN¥1.86 Billion ≈ $272.43 Million |
-7.74% |
| 2010-12-31 | CN¥2.02 Billion ≈ $295.29 Million |
+8.06% |
| 2009-12-31 | CN¥1.87 Billion ≈ $273.27 Million |
+22.61% |
| 2008-12-31 | CN¥1.52 Billion ≈ $222.88 Million |
+3.48% |
| 2007-12-31 | CN¥1.47 Billion ≈ $215.38 Million |
+35.52% |
| 2006-12-31 | CN¥1.09 Billion ≈ $158.93 Million |
+54.79% |
| 2005-12-31 | CN¥701.69 Million ≈ $102.68 Million |
+28.55% |
| 2004-12-31 | CN¥545.87 Million ≈ $79.88 Million |
+13.13% |
| 2003-12-31 | CN¥482.50 Million ≈ $70.61 Million |
-33.43% |
| 2002-12-31 | CN¥724.85 Million ≈ $106.07 Million |
+79.13% |
| 2001-12-31 | CN¥404.65 Million ≈ $59.21 Million |
+279.52% |
| 2000-12-31 | CN¥106.62 Million ≈ $15.60 Million |
+8.82% |
| 1999-12-31 | CN¥97.98 Million ≈ $14.34 Million |
+12.89% |
| 1998-12-31 | CN¥86.79 Million ≈ $12.70 Million |
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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 |
|---|---|
|
NagaCorp Ltd
F:N9J
|
$2.14 Billion |
|
KWS SAAT SE & Co. KGaA
F:KWS
|
$2.14 Billion |
|
China Oilfield Services Limited
F:CO9
|
$2.14 Billion |
|
Shenzhen Airport Co Ltd
SHE:000089
|
$2.14 Billion |
|
Suzhou Veichi Electric Co. Ltd. A
SHG:688698
|
$2.14 Billion |
|
Suzhou Secote Precision Electronic Co Ltd Class A
SHG:603283
|
$2.14 Billion |
|
Skyworth Digital Co Ltd
SHE:000810
|
$2.14 Billion |
|
Definium Therapeutics, Inc.
NASDAQ:DFTX
|
$2.14 Billion |
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: 10.99x
- 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 68.35x to 10.99x 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¥9.92 | x |
| 1999-12-31 | CN¥0.16 | CN¥9.92 | x |
| 2000-12-31 | CN¥0.18 | CN¥9.92 | x |
| 2001-12-31 | CN¥0.68 | CN¥9.92 | x |
| 2002-12-31 | CN¥0.74 | CN¥9.92 | x |
| 2003-12-31 | CN¥0.77 | CN¥9.92 | x |
| 2004-12-31 | CN¥0.85 | CN¥9.92 | x |
| 2005-12-31 | CN¥0.92 | CN¥9.92 | x |
| 2006-12-31 | CN¥1.44 | CN¥9.92 | x |
| 2007-12-31 | CN¥1.45 | CN¥9.92 | x |
| 2008-12-31 | CN¥1.45 | CN¥9.92 | x |
| 2009-12-31 | CN¥1.53 | CN¥9.92 | x |
| 2010-12-31 | CN¥1.54 | CN¥9.92 | x |
| 2011-12-31 | CN¥1.52 | CN¥9.92 | x |
| 2012-12-31 | CN¥1.67 | CN¥9.92 | x |
| 2013-12-31 | CN¥1.94 | CN¥9.92 | x |
| 2014-12-31 | CN¥1.80 | CN¥9.92 | x |
| 2015-12-31 | CN¥3.04 | CN¥9.92 | x |
| 2016-12-31 | CN¥2.45 | CN¥9.92 | x |
| 2017-12-31 | CN¥1.83 | CN¥9.92 | x |
| 2018-12-31 | CN¥1.33 | CN¥9.92 | x |
| 2019-12-31 | CN¥1.38 | CN¥9.92 | x |
| 2020-12-31 | CN¥1.44 | CN¥9.92 | x |
| 2021-12-31 | CN¥0.14 | CN¥9.92 | x |
| 2022-12-31 | CN¥-1.22 | CN¥9.92 | x |
| 2023-12-31 | CN¥0.24 | CN¥9.92 | x |
| 2024-12-31 | CN¥0.90 | CN¥9.92 | 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: $2,529,126,476
- Average return on equity (ROE) among peers: -44.00%
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 | $2.14 Billion |
| Shenyang Huitian Thermal Power Co Ltd (000692) | $354.92 Million | -273.56% | 13.09x | $389.85 Million |
| Sichuan Mingxing Electric Power Co Ltd (600101) | $1.40 Billion | 6.03% | 0.85x | $787.26 Million |
| Fujian Funeng Co Ltd (600483) | $7.01 Billion | 15.17% | 1.12x | $4.07 Billion |
| Xinjiang Tianfu Energy Co Ltd (600509) | $2.07 Billion | 7.01% | 2.72x | $1.63 Billion |
| Shenergy Co Ltd (600642) | $3.72 Billion | 13.64% | 1.30x | $6.49 Billion |
| Hunan Chen Dian International Development Co Ltd (600969) | $617.06 Million | -32.30% | 2.80x | $537.71 Million |
About Shenyang Jinshan Energy Co Ltd
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