Shanxi Coal International Energy Group Co Ltd (600546) - Net Assets

Latest as of March 2026: CN¥20.03 Billion CNY ≈ $2.93 Billion USD

Based on the latest financial reports, Shanxi Coal International Energy Group Co Ltd (600546) has net assets worth CN¥20.03 Billion CNY (≈ $2.93 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¥39.78 Billion ≈ $5.82 Billion USD) and total liabilities (CN¥19.75 Billion ≈ $2.89 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 how tangible is Shanxi Coal International Energy Group C's equity to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥20.03 Billion
% of Total Assets	50.35%
Annual Growth Rate	23.91%
5-Year Change	33.93%
10-Year Change	158.57%
Growth Volatility	109.08

Shanxi Coal International Energy Group Co Ltd - Net Assets Trend (2000–2025)

This chart illustrates how Shanxi Coal International Energy Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See Shanxi Coal International Energy Group C (600546) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Shanxi Coal International Energy Group Co Ltd (2000–2025)

The table below shows the annual net assets of Shanxi Coal International Energy Group Co Ltd from 2000 to 2025. For live valuation and market cap data, see Shanxi Coal International Energy Group C stock valuation.

Year	Net Assets	Change
2025-12-31	CN¥19.23 Billion ≈ $2.81 Billion	-3.75%
2024-12-31	CN¥19.98 Billion ≈ $2.92 Billion	-2.68%
2023-12-31	CN¥20.53 Billion ≈ $3.00 Billion	+9.69%
2022-12-31	CN¥18.72 Billion ≈ $2.74 Billion	+30.34%
2021-12-31	CN¥14.36 Billion ≈ $2.10 Billion	+32.25%
2020-12-31	CN¥10.86 Billion ≈ $1.59 Billion	+4.40%
2019-12-31	CN¥10.40 Billion ≈ $1.52 Billion	+4.32%
2018-12-31	CN¥9.97 Billion ≈ $1.46 Billion	+11.79%
2017-12-31	CN¥8.92 Billion ≈ $1.31 Billion	+19.89%
2016-12-31	CN¥7.44 Billion ≈ $1.09 Billion	+9.48%
2015-12-31	CN¥6.79 Billion ≈ $994.26 Million	-26.66%
2014-12-31	CN¥9.26 Billion ≈ $1.36 Billion	-14.37%
2013-12-31	CN¥10.82 Billion ≈ $1.58 Billion	+0.22%
2012-12-31	CN¥10.80 Billion ≈ $1.58 Billion	-1.91%
2011-12-31	CN¥11.01 Billion ≈ $1.61 Billion	+132.54%
2010-12-31	CN¥4.73 Billion ≈ $692.61 Million	+32.66%
2009-12-31	CN¥3.57 Billion ≈ $522.11 Million	+468.02%
2008-12-31	CN¥628.15 Million ≈ $91.92 Million	+0.37%
2007-12-31	CN¥625.85 Million ≈ $91.58 Million	+0.92%
2006-12-31	CN¥620.17 Million ≈ $90.75 Million	+0.70%
2005-12-31	CN¥615.86 Million ≈ $90.12 Million	+2.76%
2004-12-31	CN¥599.34 Million ≈ $87.70 Million	+5.74%
2003-12-31	CN¥566.83 Million ≈ $82.94 Million	+318.68%
2002-12-31	CN¥135.38 Million ≈ $19.81 Million	+11.90%
2001-12-31	CN¥120.99 Million ≈ $17.70 Million	+33.64%
2000-12-31	CN¥90.53 Million ≈ $13.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Shanxi Coal International Energy Group 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 950231235393.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥9.50 Billion	58.77%
Other Components	CN¥6.66 Billion	41.23%
Total Equity	CN¥16.16 Billion	100.00%

Shanxi Coal International Energy Group Co Ltd Competitors by Market Cap

The table below lists competitors of Shanxi Coal International Energy Group Co Ltd ranked by their market capitalization.

Company	Market Cap
RUBIS F:BYN	$3.57 Billion
Wuchan Zhongda Group Co Ltd SHG:600704	$3.57 Billion
First Capital Real Estate Investment Trust TO:FCR-UN	$3.57 Billion
Jiangxi Jovo Energy Co. Ltd SHG:605090	$3.57 Billion
Toyou Feiji Electronics Co Ltd SHE:300302	$3.57 Billion
Peyto Exploration&Development Corp TO:PEY	$3.57 Billion
Beijing GeoEnviron Engineering SHG:603588	$3.57 Billion
Munters Group AB ST:MTRS	$3.57 Billion

Equity Growth Attribution

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

Equity Growth Insights

From 2024 to 2025, total equity changed from 16,491,081,115 to 16,164,962,141, a change of -326,118,974 (-2.0%).
Net income of 1,166,433,541 contributed positively to equity growth.
Dividend payments of 1,568,359,261 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥1.17 Billion	+7.22%
Dividends Paid	CN¥1.57 Billion	-9.7%
Other Changes	CN¥75.81 Million	+0.47%
Total Change	CN¥-	-1.98%

Book Value vs Market Value Analysis

This analysis compares Shanxi Coal International Energy Group 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: 1.51x
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 93.14x to 1.51x 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¥0.13	CN¥12.31	x
2001-12-31	CN¥0.18	CN¥12.31	x
2002-12-31	CN¥0.20	CN¥12.31	x
2003-12-31	CN¥0.93	CN¥12.31	x
2004-12-31	CN¥0.98	CN¥12.31	x
2005-12-31	CN¥1.01	CN¥12.31	x
2006-12-31	CN¥1.02	CN¥12.31	x
2007-12-31	CN¥1.04	CN¥12.31	x
2008-12-31	CN¥0.56	CN¥12.31	x
2009-12-31	CN¥2.06	CN¥12.31	x
2010-12-31	CN¥2.15	CN¥12.31	x
2011-12-31	CN¥6.05	CN¥12.31	x
2012-12-31	CN¥4.07	CN¥12.31	x
2013-12-31	CN¥3.92	CN¥12.31	x
2014-12-31	CN¥3.12	CN¥12.31	x
2015-12-31	CN¥1.89	CN¥12.31	x
2016-12-31	CN¥2.09	CN¥12.31	x
2017-12-31	CN¥2.49	CN¥12.31	x
2018-12-31	CN¥2.75	CN¥12.31	x
2019-12-31	CN¥4.26	CN¥12.31	x
2020-12-31	CN¥4.57	CN¥12.31	x
2021-12-31	CN¥5.97	CN¥12.31	x
2022-12-31	CN¥7.57	CN¥12.31	x
2023-12-31	CN¥7.91	CN¥12.31	x
2024-12-31	CN¥8.29	CN¥12.31	x
2025-12-31	CN¥8.15	CN¥12.31	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Shanxi Coal International Energy Group 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): 7.22%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 5.70%
• Asset Turnover: 0.52x
• Equity Multiplier: 2.44x
Recent ROE (7.22%) is below the historical average (9.68%), 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	12.49%	2.37%	1.23x	4.28x	CN¥1.95 Million
2001	25.82%	3.55%	2.13x	3.43x	CN¥16.77 Million
2002	30.22%	3.07%	2.68x	3.68x	CN¥24.63 Million
2003	6.87%	2.57%	1.28x	2.08x	CN¥-17.33 Million
2004	7.51%	2.92%	1.31x	1.96x	CN¥-14.57 Million
2005	5.20%	1.91%	0.99x	2.76x	CN¥-28.84 Million
2006	2.02%	0.63%	1.06x	2.99x	CN¥-48.30 Million
2007	1.11%	0.24%	1.67x	2.81x	CN¥-55.66 Million
2008	0.57%	0.13%	1.55x	2.77x	CN¥-59.22 Million
2009	24.32%	2.93%	1.43x	5.83x	CN¥362.02 Million
2010	23.29%	1.96%	1.78x	6.67x	CN¥431.28 Million
2011	11.99%	1.60%	2.02x	3.72x	CN¥184.96 Million
2012	9.58%	0.80%	2.10x	5.66x	CN¥-33.66 Million
2013	3.06%	0.30%	1.77x	5.77x	CN¥-553.50 Million
2014	-27.88%	-2.73%	1.32x	7.73x	CN¥-2.34 Billion
2015	-63.63%	-6.01%	0.78x	13.50x	CN¥-2.75 Billion
2016	7.65%	0.63%	1.10x	11.16x	CN¥-94.29 Million
2017	8.43%	1.01%	0.89x	9.32x	CN¥-77.30 Million
2018	4.00%	0.58%	0.79x	8.79x	CN¥-329.69 Million
2019	13.90%	3.11%	0.87x	5.13x	CN¥329.02 Million
2020	9.12%	2.33%	0.88x	4.42x	CN¥-80.03 Million
2021	41.74%	10.28%	1.05x	3.89x	CN¥3.75 Billion
2022	46.15%	14.94%	1.02x	3.02x	CN¥5.43 Billion
2023	27.17%	11.40%	0.92x	2.59x	CN¥2.69 Billion
2024	13.76%	7.67%	0.73x	2.45x	CN¥619.27 Million
2025	7.22%	5.70%	0.52x	2.44x	CN¥-450.06 Million

Industry Comparison

This section compares Shanxi Coal International Energy Group Co Ltd's net assets metrics with peer companies in the Thermal Coal industry.

Industry Context

Industry: Thermal Coal
Average net assets among peers: $12,838,319,330
Average return on equity (ROE) among peers: 1.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Shanxi Coal International Energy Group Co Ltd (600546)	CN¥20.03 Billion	12.49%	0.99x	$3.57 Billion
Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552)	$62.48 Million	-76.57%	3.98x	$1.90 Billion
Jizhong Energy Resources Co Ltd (000937)	$1.69 Billion	8.11%	0.51x	$2.31 Billion
Shanxi Xishan Coal and Electricity Power Co Ltd (000983)	$21.19 Billion	7.40%	1.73x	$5.29 Billion
Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128)	$599.78 Million	25.34%	1.79x	$7.92 Billion
Guangzhou Development Group Inc (600098)	$3.80 Billion	13.94%	0.94x	$3.38 Billion
Zhengzhou Coal Industry & Electric Power Co Ltd (600121)	$1.49 Billion	12.59%	1.13x	$727.43 Million
Shanxi Lanhua Sci-Tech Venture Co Ltd (600123)	$880.39 Million	9.57%	0.89x	$1.30 Billion
Wintime Energy Co Ltd (600157)	$362.48 Million	3.10%	1.54x	$5.24 Billion
Yankuang Energy Group Co Ltd (600188)	$84.95 Billion	10.02%	1.40x	$16.91 Billion
Shan XI Hua Yang Group New Energy Co Ltd (600348)	$13.35 Billion	0.61%	1.52x	$4.32 Billion

About Shanxi Coal International Energy Group Co Ltd

SHG:600546 China Thermal Coal

Market Cap

$3.57 Billion

CN¥24.40 Billion CNY

Market Cap Rank

#4505 Global

#772 in China

Share Price

CN¥12.31

Change (1 day)

-1.91%

52-Week Range

CN¥8.56 - CN¥15.27

All Time High

CN¥20.28