Henan Dayou Energy Co Ltd (600403) - Net Assets
Based on the latest financial reports, Henan Dayou Energy Co Ltd (600403) has net assets worth CN¥3.95 Billion CNY (≈ $577.63 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥19.96 Billion ≈ $2.92 Billion USD) and total liabilities (CN¥16.01 Billion ≈ $2.34 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. Also explore Henan Dayou Energy Co Ltd (600403) total assets for the complete picture of this company's asset base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.95 Billion |
| % of Total Assets | 19.78% |
| Annual Growth Rate | 21.82% |
| 5-Year Change | -43.95% |
| 10-Year Change | -35.18% |
| Growth Volatility | 158.18 |
Henan Dayou Energy Co Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Henan Dayou Energy Co Ltd's net assets have evolved over time, based on quarterly financial data. Check 600403 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Annual Net Assets for Henan Dayou Energy Co Ltd (2000–2025)
The table below shows the annual net assets of Henan Dayou Energy Co Ltd from 2000 to 2025. For live valuation and market cap data, see market value of Henan Dayou Energy Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥4.30 Billion ≈ $629.95 Million |
-32.41% |
| 2024-12-31 | CN¥6.37 Billion ≈ $932.06 Million |
-13.88% |
| 2023-12-31 | CN¥7.40 Billion ≈ $1.08 Billion |
-14.55% |
| 2022-12-31 | CN¥8.66 Billion ≈ $1.27 Billion |
+12.68% |
| 2021-12-31 | CN¥7.68 Billion ≈ $1.12 Billion |
+26.82% |
| 2020-12-31 | CN¥6.06 Billion ≈ $886.24 Million |
-16.05% |
| 2019-12-31 | CN¥7.21 Billion ≈ $1.06 Billion |
-15.70% |
| 2018-12-31 | CN¥8.56 Billion ≈ $1.25 Billion |
+22.26% |
| 2017-12-31 | CN¥7.00 Billion ≈ $1.02 Billion |
+5.40% |
| 2016-12-31 | CN¥6.64 Billion ≈ $971.78 Million |
-22.98% |
| 2015-12-31 | CN¥8.62 Billion ≈ $1.26 Billion |
-15.00% |
| 2014-12-31 | CN¥10.14 Billion ≈ $1.48 Billion |
-5.15% |
| 2013-12-31 | CN¥10.70 Billion ≈ $1.57 Billion |
+3.73% |
| 2012-12-31 | CN¥10.31 Billion ≈ $1.51 Billion |
+94.05% |
| 2011-12-31 | CN¥5.31 Billion ≈ $777.59 Million |
+693.96% |
| 2010-12-31 | CN¥669.29 Million ≈ $97.94 Million |
+76.16% |
| 2009-12-31 | CN¥379.94 Million ≈ $55.60 Million |
+9.46% |
| 2008-12-31 | CN¥347.10 Million ≈ $50.79 Million |
+15.29% |
| 2007-12-31 | CN¥301.07 Million ≈ $44.06 Million |
+8.51% |
| 2006-12-31 | CN¥277.47 Million ≈ $40.60 Million |
+1.23% |
| 2005-12-31 | CN¥274.10 Million ≈ $40.11 Million |
+5.46% |
| 2004-12-31 | CN¥259.92 Million ≈ $38.03 Million |
+4.04% |
| 2003-12-31 | CN¥249.82 Million ≈ $36.56 Million |
+440.05% |
| 2002-12-31 | CN¥46.26 Million ≈ $6.77 Million |
+3.77% |
| 2001-12-31 | CN¥44.58 Million ≈ $6.52 Million |
+44.01% |
| 2000-12-31 | CN¥30.96 Million ≈ $4.53 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Henan Dayou 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 grown by 34511197632.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥345.11 Million | 9.40% |
| Other Components | CN¥3.33 Billion | 90.60% |
| Total Equity | CN¥3.67 Billion | 100.00% |
Henan Dayou Energy Co Ltd Competitors by Market Cap
The table below lists competitors of Henan Dayou Energy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Oyak Cimento Fabrikalari AS
IS:OYAKC
|
$2.24 Billion |
|
Arion banki hf
IC:ARION
|
$2.24 Billion |
|
P/F Bakkafrost
F:6BF
|
$2.24 Billion |
|
Southchip Semiconductor Technology (Shanghai) Co. Ltd. A
SHG:688484
|
$2.25 Billion |
|
Zhongrun Resources Investment
SHE:000506
|
$2.24 Billion |
|
Wuhan Yangtze Communication Industry Group Co Ltd
SHG:600345
|
$2.24 Billion |
|
LandBridge Company LLC
NYSE:LB
|
$2.24 Billion |
|
Sunrun Inc
NASDAQ:RUN
|
$2.24 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Henan Dayou Energy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 5,666,044,137 to 3,673,354,501, a change of -1,992,689,636 (-35.2%).
- Net loss of 2,016,087,640 reduced equity.
- Dividend payments of 207,130,331 reduced retained earnings.
- Other comprehensive income decreased equity by 914,032,119.
- Other factors increased equity by 1,144,560,453.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-2.02 Billion | -54.88% |
| Dividends Paid | CN¥207.13 Million | -5.64% |
| Other Comprehensive Income | CN¥-914.03 Million | -24.88% |
| Other Changes | CN¥1.14 Billion | +31.16% |
| Total Change | CN¥- | -35.17% |
Book Value vs Market Value Analysis
This analysis compares Henan Dayou 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: 4.17x
- 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 52.83x to 4.17x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2000-12-31 | CN¥0.12 | CN¥6.41 | x |
| 2001-12-31 | CN¥0.17 | CN¥6.41 | x |
| 2002-12-31 | CN¥0.18 | CN¥6.41 | x |
| 2003-12-31 | CN¥0.98 | CN¥6.41 | x |
| 2004-12-31 | CN¥1.01 | CN¥6.41 | x |
| 2005-12-31 | CN¥1.03 | CN¥6.41 | x |
| 2006-12-31 | CN¥1.01 | CN¥6.41 | x |
| 2007-12-31 | CN¥1.04 | CN¥6.41 | x |
| 2008-12-31 | CN¥1.11 | CN¥6.41 | x |
| 2009-12-31 | CN¥1.20 | CN¥6.41 | x |
| 2010-12-31 | CN¥1.25 | CN¥6.41 | x |
| 2011-12-31 | CN¥2.05 | CN¥6.41 | x |
| 2012-12-31 | CN¥4.19 | CN¥6.41 | x |
| 2013-12-31 | CN¥4.35 | CN¥6.41 | x |
| 2014-12-31 | CN¥4.46 | CN¥6.41 | x |
| 2015-12-31 | CN¥3.56 | CN¥6.41 | x |
| 2016-12-31 | CN¥2.76 | CN¥6.41 | x |
| 2017-12-31 | CN¥2.94 | CN¥6.41 | x |
| 2018-12-31 | CN¥3.56 | CN¥6.41 | x |
| 2019-12-31 | CN¥2.87 | CN¥6.41 | x |
| 2020-12-31 | CN¥2.64 | CN¥6.41 | x |
| 2021-12-31 | CN¥3.04 | CN¥6.41 | x |
| 2022-12-31 | CN¥3.33 | CN¥6.41 | x |
| 2023-12-31 | CN¥2.81 | CN¥6.41 | x |
| 2024-12-31 | CN¥2.37 | CN¥6.41 | x |
| 2025-12-31 | CN¥1.54 | CN¥6.41 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Henan Dayou 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): -54.88%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -49.03%
- • Asset Turnover: 0.21x
- • Equity Multiplier: 5.27x
- Recent ROE (-54.88%) is below the historical average (19.11%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 46.46% | 24.51% | 1.11x | 1.71x | CN¥11.29 Million |
| 2001 | 30.56% | 13.62% | 1.32x | 1.70x | CN¥9.16 Million |
| 2002 | 30.10% | 13.86% | 0.98x | 2.21x | CN¥9.30 Million |
| 2003 | 4.76% | 6.83% | 0.54x | 1.29x | CN¥-13.04 Million |
| 2004 | 3.26% | 3.21% | 0.65x | 1.56x | CN¥-17.33 Million |
| 2005 | 1.75% | 1.89% | 0.58x | 1.59x | CN¥-21.61 Million |
| 2006 | 2.04% | 2.45% | 0.73x | 1.14x | CN¥-20.60 Million |
| 2007 | 2.20% | 3.05% | 0.56x | 1.29x | CN¥-20.76 Million |
| 2008 | 4.58% | 4.39% | 0.72x | 1.45x | CN¥-15.38 Million |
| 2009 | 7.17% | 6.78% | 0.67x | 1.58x | CN¥-8.65 Million |
| 2010 | 369.37% | 13.54% | 12.29x | 2.22x | CN¥1.15 Billion |
| 2011 | 52.22% | 27.25% | 0.89x | 2.15x | CN¥2.05 Billion |
| 2012 | 17.89% | 13.97% | 0.77x | 1.65x | CN¥789.21 Million |
| 2013 | 11.50% | 10.69% | 0.72x | 1.49x | CN¥155.48 Million |
| 2014 | 1.12% | 1.48% | 0.46x | 1.64x | CN¥-874.60 Million |
| 2015 | -15.17% | -27.86% | 0.30x | 1.83x | CN¥-2.14 Billion |
| 2016 | -29.67% | -37.88% | 0.36x | 2.20x | CN¥-2.62 Billion |
| 2017 | 6.83% | 7.03% | 0.42x | 2.34x | CN¥-223.14 Million |
| 2018 | 7.64% | 8.28% | 0.45x | 2.04x | CN¥-200.75 Million |
| 2019 | 1.04% | 1.30% | 0.32x | 2.51x | CN¥-658.88 Million |
| 2020 | -14.74% | -13.61% | 0.37x | 2.90x | CN¥-1.56 Billion |
| 2021 | 17.74% | 16.29% | 0.37x | 2.97x | CN¥562.21 Million |
| 2022 | 19.54% | 18.10% | 0.39x | 2.80x | CN¥759.02 Million |
| 2023 | -7.15% | -8.27% | 0.28x | 3.11x | CN¥-1.15 Billion |
| 2024 | -19.26% | -22.13% | 0.24x | 3.62x | CN¥-1.66 Billion |
| 2025 | -54.88% | -49.03% | 0.21x | 5.27x | CN¥-2.38 Billion |
Industry Comparison
This section compares Henan Dayou Energy Co Ltd's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $7,669,355,688
- Average return on equity (ROE) among peers: 10.17%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Henan Dayou Energy Co Ltd (600403) | CN¥3.95 Billion | 46.46% | 4.06x | $2.24 Billion |
| Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552) | $7.78 Billion | 6.68% | 0.41x | $2.03 Billion |
| Jizhong Energy Resources Co Ltd (000937) | $1.49 Billion | 9.97% | 0.40x | $2.45 Billion |
| Shanxi Xishan Coal and Electricity Power Co Ltd (000983) | $18.71 Billion | 1.46% | 1.58x | $5.54 Billion |
| Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128) | $1.08 Billion | 36.67% | 1.79x | $9.12 Billion |
| Guangzhou Development Group Inc (600098) | $6.57 Billion | 12.54% | 0.64x | $3.22 Billion |
| Zhengzhou Coal Industry & Electric Power Co Ltd (600121) | $4.44 Billion | -12.25% | 1.50x | $759.52 Million |
| Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) | $5.89 Billion | 21.58% | 0.97x | $1.51 Billion |
| Wintime Energy Co Ltd (600157) | $353.78 Million | 0.72% | 1.96x | $5.14 Billion |
| Yankuang Energy Group Co Ltd (600188) | $28.46 Billion | 13.63% | 1.19x | $18.56 Billion |
| Shan XI Hua Yang Group New Energy Co Ltd (600348) | $1.93 Billion | 10.66% | 0.69x | $4.51 Billion |
About Henan Dayou Energy Co Ltd
Henan Dayou Energy Co., Ltd engages in raw coal mining activities in China. It is also involved in washing, processing, and wholesale of coal. The company offers long flame, coking, lean, washed, and gas coal for use in various industries, including chemical, power generation, industrial boilers, and power plants. It also provides coal transportation services; technical and consulting services; w… Read more