Keda Clean Energy Co Ltd (600499) - Net Assets

Latest as of March 2026: CN¥16.71 Billion CNY ≈ $2.45 Billion USD

Based on the latest financial reports, Keda Clean Energy Co Ltd (600499) has net assets worth CN¥16.71 Billion CNY (≈ $2.45 Billion 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¥31.08 Billion ≈ $4.55 Billion USD) and total liabilities (CN¥14.37 Billion ≈ $2.10 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 600499 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¥16.71 Billion
% of Total Assets	53.77%
Annual Growth Rate	27.44%
5-Year Change	98.56%
10-Year Change	280.85%
Growth Volatility	78.09

Keda Clean Energy Co Ltd - Net Assets Trend (1999–2025)

This chart illustrates how Keda Clean Energy Co Ltd's net assets have evolved over time, based on quarterly financial data. See Keda Clean Energy Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Keda Clean Energy Co Ltd (1999–2025)

The table below shows the annual net assets of Keda Clean Energy Co Ltd from 1999 to 2025. For live valuation and market cap data, see Keda Clean Energy Co Ltd market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥15.88 Billion ≈ $2.32 Billion	+15.06%
2024-12-31	CN¥13.80 Billion ≈ $2.02 Billion	+0.81%
2023-12-31	CN¥13.69 Billion ≈ $2.00 Billion	+2.67%
2022-12-31	CN¥13.33 Billion ≈ $1.95 Billion	+66.74%
2021-12-31	CN¥8.00 Billion ≈ $1.17 Billion	+18.15%
2020-12-31	CN¥6.77 Billion ≈ $990.23 Million	+28.70%
2019-12-31	CN¥5.26 Billion ≈ $769.39 Million	+5.34%
2018-12-31	CN¥4.99 Billion ≈ $730.38 Million	-11.95%
2017-12-31	CN¥5.67 Billion ≈ $829.55 Million	+36.00%
2016-12-31	CN¥4.17 Billion ≈ $609.96 Million	-5.00%
2015-12-31	CN¥4.39 Billion ≈ $642.06 Million	+14.18%
2014-12-31	CN¥3.84 Billion ≈ $562.34 Million	+23.15%
2013-12-31	CN¥3.12 Billion ≈ $456.62 Million	+16.23%
2012-12-31	CN¥2.68 Billion ≈ $392.86 Million	+20.00%
2011-12-31	CN¥2.24 Billion ≈ $327.39 Million	+29.91%
2010-12-31	CN¥1.72 Billion ≈ $252.00 Million	+36.00%
2009-12-31	CN¥1.27 Billion ≈ $185.29 Million	+17.58%
2008-12-31	CN¥1.08 Billion ≈ $157.58 Million	+72.17%
2007-12-31	CN¥625.49 Million ≈ $91.53 Million	+21.59%
2006-12-31	CN¥514.40 Million ≈ $75.27 Million	+6.07%
2005-12-31	CN¥484.96 Million ≈ $70.96 Million	+4.41%
2004-12-31	CN¥464.47 Million ≈ $67.97 Million	+6.18%
2003-12-31	CN¥437.44 Million ≈ $64.01 Million	+15.49%
2002-12-31	CN¥378.77 Million ≈ $55.43 Million	+412.93%
2001-12-31	CN¥73.84 Million ≈ $10.81 Million	+58.46%
2000-12-31	CN¥46.60 Million ≈ $6.82 Million	+60.59%
1999-12-31	CN¥29.02 Million ≈ $4.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Keda Clean 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 786975133909.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥7.87 Billion	62.49%
Other Components	CN¥4.72 Billion	37.51%
Total Equity	CN¥12.59 Billion	100.00%

Keda Clean Energy Co Ltd Competitors by Market Cap

The table below lists competitors of Keda Clean Energy Co Ltd ranked by their market capitalization.

Company	Market Cap
E-L Financial Corp Ltd TO:ELF	$4.20 Billion
Corporacion America Airports NYSE:CAAP	$4.20 Billion
Methanex Corporation TO:MX	$4.20 Billion
SKC Co. Ltd KO:011790	$4.20 Billion
GMS Inc NYSE:GMS	$4.20 Billion
Huaneng Power International Inc F:HUP1	$4.19 Billion
PennyMac Finl Svcs Inc NYSE:PFSI	$4.19 Billion
RXO Inc. NYSE:RXO	$4.19 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 11,478,936,200 to 12,592,762,800, a change of 1,113,826,600 (9.7%).
Net income of 1,308,863,400 contributed positively to equity growth.
Dividend payments of 612,026,500 reduced retained earnings.
Other factors increased equity by 416,989,700.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.31 Billion	+10.39%
Dividends Paid	CN¥612.03 Million	-4.86%
Other Changes	CN¥416.99 Million	+3.31%
Total Change	CN¥-	9.70%

Book Value vs Market Value Analysis

This analysis compares Keda Clean 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: 2.28x
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 527.64x to 2.28x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
1999-12-31	CN¥0.03	CN¥14.96	x
2000-12-31	CN¥0.05	CN¥14.96	x
2001-12-31	CN¥0.07	CN¥14.96	x
2002-12-31	CN¥0.37	CN¥14.96	x
2003-12-31	CN¥0.41	CN¥14.96	x
2004-12-31	CN¥0.43	CN¥14.96	x
2005-12-31	CN¥0.45	CN¥14.96	x
2006-12-31	CN¥0.46	CN¥14.96	x
2007-12-31	CN¥0.54	CN¥14.96	x
2008-12-31	CN¥0.94	CN¥14.96	x
2009-12-31	CN¥1.02	CN¥14.96	x
2010-12-31	CN¥1.23	CN¥14.96	x
2011-12-31	CN¥1.64	CN¥14.96	x
2012-12-31	CN¥1.89	CN¥14.96	x
2013-12-31	CN¥2.15	CN¥14.96	x
2014-12-31	CN¥2.59	CN¥14.96	x
2015-12-31	CN¥2.92	CN¥14.96	x
2016-12-31	CN¥2.87	CN¥14.96	x
2017-12-31	CN¥3.82	CN¥14.96	x
2018-12-31	CN¥2.96	CN¥14.96	x
2019-12-31	CN¥3.04	CN¥14.96	x
2020-12-31	CN¥3.45	CN¥14.96	x
2021-12-31	CN¥3.64	CN¥14.96	x
2022-12-31	CN¥5.97	CN¥14.96	x
2023-12-31	CN¥5.97	CN¥14.96	x
2024-12-31	CN¥6.09	CN¥14.96	x
2025-12-31	CN¥6.57	CN¥14.96	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Keda Clean 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): 10.39%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.53%
• Asset Turnover: 0.59x
• Equity Multiplier: 2.33x
Recent ROE (10.39%) is below the historical average (14.40%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
1999	38.55%	18.47%	0.62x	3.37x	CN¥8.28 Million
2000	37.73%	16.37%	0.86x	2.67x	CN¥12.92 Million
2001	33.82%	16.92%	1.01x	1.98x	CN¥17.59 Million
2002	8.84%	15.44%	0.44x	1.30x	CN¥-4.39 Million
2003	10.41%	10.93%	0.59x	1.61x	CN¥1.69 Million
2004	11.43%	9.33%	0.79x	1.54x	CN¥6.32 Million
2005	8.80%	7.16%	0.64x	1.93x	CN¥-5.48 Million
2006	10.01%	5.04%	0.94x	2.11x	CN¥55.85K
2007	16.49%	7.42%	1.04x	2.14x	CN¥36.87 Million
2008	14.15%	12.85%	0.79x	1.39x	CN¥43.70 Million
2009	14.73%	12.62%	0.69x	1.70x	CN¥57.79 Million
2010	16.26%	11.67%	0.70x	1.98x	CN¥92.79 Million
2011	17.85%	14.29%	0.53x	2.36x	CN¥156.64 Million
2012	11.27%	10.27%	0.52x	2.13x	CN¥30.89 Million
2013	12.86%	9.71%	0.59x	2.23x	CN¥82.27 Million
2014	12.34%	9.99%	0.59x	2.10x	CN¥84.58 Million
2015	13.18%	15.06%	0.43x	2.05x	CN¥130.49 Million
2016	7.49%	6.92%	0.52x	2.08x	CN¥-101.42 Million
2017	8.81%	8.36%	0.47x	2.25x	CN¥-64.91 Million
2018	-12.63%	-9.70%	0.50x	2.62x	CN¥-1.05 Billion
2019	2.57%	1.86%	0.50x	2.77x	CN¥-345.74 Million
2020	4.40%	3.58%	0.55x	2.25x	CN¥-332.19 Million
2021	14.68%	10.27%	0.61x	2.35x	CN¥320.59 Million
2022	37.33%	38.10%	0.53x	1.86x	CN¥3.11 Billion
2023	18.35%	21.58%	0.41x	2.07x	CN¥952.15 Million
2024	8.77%	7.99%	0.47x	2.35x	CN¥-141.58 Million
2025	10.39%	7.53%	0.59x	2.33x	CN¥49.59 Million

Industry Comparison

This section compares Keda Clean Energy Co Ltd's net assets metrics with peer companies in the Specialty Industrial Machinery industry.

Industry Context

Industry: Specialty Industrial Machinery
Average net assets among peers: $2,053,540,271
Average return on equity (ROE) among peers: 4.45%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Keda Clean Energy Co Ltd (600499)	CN¥16.71 Billion	38.55%	0.86x	$4.20 Billion
Huayi Compressor Co Ltd (000404)	$2.70 Billion	6.94%	1.45x	$768.94 Million
Shenyang Machine Tool Co Ltd (000410)	$1.11 Billion	8.63%	3.77x	$1.98 Billion
North Industries Group Red Arrow Co Ltd (000519)	$9.75 Billion	8.40%	0.54x	$4.14 Billion
Bingshan Refrigeration & Heat Transfer Technologies Co Ltd (000530)	$657.04 Million	17.35%	0.68x	$478.11 Million
Changchai Co Ltd (000570)	$2.06 Billion	3.02%	0.72x	$409.83 Million
Jiangsu Youli Investment Holding Co Ltd (000584)	$437.03 Million	6.41%	1.13x	$32.29 Million
Baota Industry Co Ltd (000595)	$356.47 Million	-22.08%	1.87x	$1.07 Billion
SUFA Technology Industry Co Ltd CNNC (000777)	$303.55 Million	4.59%	0.79x	$1.10 Billion
J.S. Corrugating Machinery Co Ltd (000821)	$2.36 Billion	2.28%	1.62x	$788.41 Million
Qinchuan Machine Tool & Tool Group Share Co Ltd (000837)	$803.92 Million	9.00%	0.67x	$1.83 Billion

About Keda Clean Energy Co Ltd

SHG:600499 China Specialty Industrial Machinery

Market Cap

$4.20 Billion

CN¥28.69 Billion CNY

Market Cap Rank

#4071 Global

#659 in China

Share Price

CN¥14.96

Change (1 day)

-4.23%

52-Week Range

CN¥9.72 - CN¥20.29

All Time High

CN¥24.22