Chongqing Fuling Electric Power Industrial Co Ltd (600452) - Net Assets

Latest as of March 2026: CN¥5.75 Billion CNY ≈ $840.80 Million USD

Based on the latest financial reports, Chongqing Fuling Electric Power Industrial Co Ltd (600452) has net assets worth CN¥5.75 Billion CNY (≈ $840.80 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¥6.48 Billion ≈ $947.89 Million USD) and total liabilities (CN¥731.84 Million ≈ $107.09 Million 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 Chongqing Fuling Electric Power Industri tangible book value ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥5.75 Billion
% of Total Assets	88.7%
Annual Growth Rate	15.57%
5-Year Change	36.65%
10-Year Change	529.85%
Growth Volatility	33.82

Chongqing Fuling Electric Power Industrial Co Ltd - Net Assets Trend (2001–2025)

This chart illustrates how Chongqing Fuling Electric Power Industrial Co Ltd's net assets have evolved over time, based on quarterly financial data. See 600452 defensive asset coverage days to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Chongqing Fuling Electric Power Industrial Co Ltd (2001–2025)

The table below shows the annual net assets of Chongqing Fuling Electric Power Industrial Co Ltd from 2001 to 2025. For live valuation and market cap data, see market value of Chongqing Fuling Electric Power Industri.

Year	Net Assets	Change
2025-12-31	CN¥5.61 Billion ≈ $821.59 Million	+5.71%
2024-12-31	CN¥5.31 Billion ≈ $777.19 Million	+6.59%
2023-12-31	CN¥4.98 Billion ≈ $729.15 Million	+8.19%
2022-12-31	CN¥4.61 Billion ≈ $673.94 Million	+12.10%
2021-12-31	CN¥4.11 Billion ≈ $601.21 Million	+113.54%
2020-12-31	CN¥1.92 Billion ≈ $281.55 Million	+3.74%
2019-12-31	CN¥1.85 Billion ≈ $271.39 Million	+26.47%
2018-12-31	CN¥1.47 Billion ≈ $214.58 Million	+29.26%
2017-12-31	CN¥1.13 Billion ≈ $166.00 Million	+27.26%
2016-12-31	CN¥891.41 Million ≈ $130.44 Million	+28.39%
2015-12-31	CN¥694.29 Million ≈ $101.60 Million	+32.12%
2014-12-31	CN¥525.50 Million ≈ $76.90 Million	+22.53%
2013-12-31	CN¥428.88 Million ≈ $62.76 Million	+18.13%
2012-12-31	CN¥363.06 Million ≈ $53.13 Million	+7.12%
2011-12-31	CN¥338.94 Million ≈ $49.60 Million	+3.05%
2010-12-31	CN¥328.91 Million ≈ $48.13 Million	-29.01%
2009-12-31	CN¥463.30 Million ≈ $67.79 Million	-0.86%
2008-12-31	CN¥467.32 Million ≈ $68.38 Million	-0.69%
2007-12-31	CN¥470.56 Million ≈ $68.86 Million	-0.37%
2006-12-31	CN¥472.29 Million ≈ $69.11 Million	-3.69%
2005-12-31	CN¥490.41 Million ≈ $71.76 Million	+2.13%
2004-12-31	CN¥480.18 Million ≈ $70.27 Million	+130.37%
2003-12-31	CN¥208.44 Million ≈ $30.50 Million	+14.51%
2002-12-31	CN¥182.02 Million ≈ $26.64 Million	+4.53%
2001-12-31	CN¥174.13 Million ≈ $25.48 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Chongqing Fuling Electric Power Industrial 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 8497.5% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥1.68 Billion	29.88%
Other Components	CN¥3.94 Billion	70.12%
Total Equity	CN¥5.61 Billion	100.00%

Chongqing Fuling Electric Power Industrial Co Ltd Competitors by Market Cap

The table below lists competitors of Chongqing Fuling Electric Power Industrial Co Ltd ranked by their market capitalization.

Company	Market Cap
Crane NXT Co NYSE:CXT	$2.16 Billion
Shenzhen Expressway Co Ltd SHG:600548	$2.16 Billion
China Longyuan Power Group Corporation Limited F:6WX	$2.17 Billion
OY Nofar Energy Ltd TA:NOFR	$2.17 Billion
Alpha Metallurgical Resources Inc NYSE:AMR	$2.16 Billion
Shantui Construction Machinery Co Ltd SHE:000680	$2.16 Billion
Jiayou International Logistics Co Ltd SHG:603871	$2.16 Billion
Tibet Mineral Development Co Ltd SHE:000762	$2.16 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Chongqing Fuling Electric Power Industrial Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 5,311,194,603 to 5,614,549,190, a change of 303,354,587 (5.7%).
Net income of 393,273,703 contributed positively to equity growth.
Dividend payments of 138,288,767 reduced retained earnings.
Other comprehensive income decreased equity by 696,814,496.
Other factors increased equity by 745,184,146.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥393.27 Million	+7.0%
Dividends Paid	CN¥138.29 Million	-2.46%
Other Comprehensive Income	CN¥-696.81 Million	-12.41%
Other Changes	CN¥745.18 Million	+13.27%
Total Change	CN¥-	5.71%

Book Value vs Market Value Analysis

This analysis compares Chongqing Fuling Electric Power Industrial 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: 2.63x
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 68.81x to 2.63x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	CN¥0.14	CN¥9.62	x
2002-12-31	CN¥0.15	CN¥9.62	x
2003-12-31	CN¥0.17	CN¥9.62	x
2004-12-31	CN¥0.38	CN¥9.62	x
2005-12-31	CN¥0.38	CN¥9.62	x
2006-12-31	CN¥0.38	CN¥9.62	x
2007-12-31	CN¥0.37	CN¥9.62	x
2008-12-31	CN¥0.38	CN¥9.62	x
2009-12-31	CN¥0.35	CN¥9.62	x
2010-12-31	CN¥0.26	CN¥9.62	x
2011-12-31	CN¥0.26	CN¥9.62	x
2012-12-31	CN¥0.30	CN¥9.62	x
2013-12-31	CN¥0.35	CN¥9.62	x
2014-12-31	CN¥0.39	CN¥9.62	x
2015-12-31	CN¥0.56	CN¥9.62	x
2016-12-31	CN¥0.72	CN¥9.62	x
2017-12-31	CN¥0.91	CN¥9.62	x
2018-12-31	CN¥1.18	CN¥9.62	x
2019-12-31	CN¥1.49	CN¥9.62	x
2020-12-31	CN¥1.55	CN¥9.62	x
2021-12-31	CN¥2.66	CN¥9.62	x
2022-12-31	CN¥3.01	CN¥9.62	x
2023-12-31	CN¥3.24	CN¥9.62	x
2024-12-31	CN¥3.41	CN¥9.62	x
2025-12-31	CN¥3.65	CN¥9.62	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Chongqing Fuling Electric Power Industrial 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): 7.00%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 13.13%
• Asset Turnover: 0.47x
• Equity Multiplier: 1.14x
Recent ROE (7.00%) is below the historical average (9.95%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	13.19%	7.36%	1.23x	1.46x	CN¥5.55 Million
2002	15.06%	7.54%	1.34x	1.49x	CN¥9.21 Million
2003	12.67%	6.87%	1.32x	1.40x	CN¥5.57 Million
2004	5.31%	5.69%	0.76x	1.22x	CN¥-22.41 Million
2005	5.88%	5.63%	0.65x	1.59x	CN¥-19.55 Million
2006	6.39%	4.95%	0.55x	2.35x	CN¥-16.97 Million
2007	6.60%	5.33%	0.54x	2.28x	CN¥-16.00 Million
2008	5.63%	4.10%	0.53x	2.57x	CN¥-20.30 Million
2009	0.46%	0.31%	0.68x	2.21x	CN¥-43.94 Million
2010	-43.86%	-15.70%	1.05x	2.67x	CN¥-175.76 Million
2011	2.98%	1.05%	1.06x	2.68x	CN¥-23.62 Million
2012	7.79%	2.53%	1.37x	2.24x	CN¥-8.02 Million
2013	12.63%	4.35%	1.69x	1.72x	CN¥11.26 Million
2014	13.69%	5.67%	1.52x	1.59x	CN¥19.41 Million
2015	26.80%	14.89%	1.02x	1.77x	CN¥116.67 Million
2016	18.84%	10.09%	0.44x	4.20x	CN¥78.81 Million
2017	19.96%	10.99%	0.50x	3.63x	CN¥112.98 Million
2018	23.77%	14.24%	0.52x	3.23x	CN¥201.99 Million
2019	21.39%	15.13%	0.54x	2.61x	CN¥211.26 Million
2020	20.83%	15.10%	0.44x	3.11x	CN¥208.38 Million
2021	12.31%	16.08%	0.50x	1.53x	CN¥95.00 Million
2022	13.30%	17.20%	0.51x	1.52x	CN¥152.09 Million
2023	10.54%	15.26%	0.52x	1.34x	CN¥27.06 Million
2024	9.69%	16.51%	0.48x	1.22x	CN¥-16.66 Million
2025	7.00%	13.13%	0.47x	1.14x	CN¥-168.18 Million

Industry Comparison

This section compares Chongqing Fuling Electric Power Industrial 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: $8,629,202,091
Average return on equity (ROE) among peers: 5.74%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Chongqing Fuling Electric Power Industrial Co Ltd (600452)	CN¥5.75 Billion	13.19%	0.13x	$2.16 Billion
Shenzhen Energy Group Co Ltd (000027)	$65.35 Billion	3.22%	1.63x	$4.64 Billion
Shenzhen Nanshan Power Co Ltd (000037)	$1.42 Billion	25.76%	0.43x	$454.27 Million
Guangzhou Hengyun Enterprises Holding Ltd (000531)	$5.54 Billion	-1.03%	1.71x	$981.39 Million
An Hui Wenergy Co Ltd (000543)	$2.95 Billion	0.63%	0.35x	$2.59 Billion
Jointo Energy Investment Co Ltd Hebei (000600)	$295.35 Million	-4.04%	0.82x	$2.41 Billion
Guangdong Shaoneng Group Co Ltd (000601)	$4.20 Billion	6.70%	1.03x	$954.73 Million
Tianjin Binhai Energy & Development Co Ltd (000695)	$372.78 Million	0.54%	1.64x	$438.83 Million
Shanxi Zhangze Electric Power Co Ltd (000767)	$2.16 Billion	18.80%	2.47x	$1.81 Billion
Jilin Power Share Co Ltd (000875)	$2.43 Billion	2.98%	0.11x	$2.80 Billion
Jiangxi Ganneng Co Ltd (000899)	$1.57 Billion	3.79%	0.39x	$1.45 Billion

About Chongqing Fuling Electric Power Industrial Co Ltd

SHG:600452 China Utilities - Regulated Electric

Market Cap

$2.16 Billion

CN¥14.78 Billion CNY

Market Cap Rank

#5993 Global

#1227 in China

Share Price

CN¥9.62

Change (1 day)

-0.74%

52-Week Range

CN¥9.09 - CN¥16.32

All Time High

CN¥6112.86