Beijing Jingneng Power Co Ltd (600578) - Net Assets
Based on the latest financial reports, Beijing Jingneng Power Co Ltd (600578) has net assets worth CN¥37.27 Billion CNY (≈ $5.45 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¥101.51 Billion ≈ $14.85 Billion USD) and total liabilities (CN¥64.24 Billion ≈ $9.40 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 600578 tangible net worth ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥37.27 Billion |
| % of Total Assets | 36.71% |
| Annual Growth Rate | 16.93% |
| 5-Year Change | 36.3% |
| 10-Year Change | 46.68% |
| Growth Volatility | 41.46 |
Beijing Jingneng Power Co Ltd - Net Assets Trend (2000–2025)
This chart illustrates how Beijing Jingneng Power Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Beijing Jingneng Power Co Ltd to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Beijing Jingneng Power Co Ltd (2000–2025)
The table below shows the annual net assets of Beijing Jingneng Power Co Ltd from 2000 to 2025. For live valuation and market cap data, see Beijing Jingneng Power Co Ltd (600578) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥35.83 Billion ≈ $5.24 Billion |
+1.83% |
| 2024-12-31 | CN¥35.19 Billion ≈ $5.15 Billion |
+22.72% |
| 2023-12-31 | CN¥28.67 Billion ≈ $4.20 Billion |
-2.52% |
| 2022-12-31 | CN¥29.41 Billion ≈ $4.30 Billion |
+11.89% |
| 2021-12-31 | CN¥26.29 Billion ≈ $3.85 Billion |
-15.94% |
| 2020-12-31 | CN¥31.27 Billion ≈ $4.58 Billion |
+7.67% |
| 2019-12-31 | CN¥29.04 Billion ≈ $4.25 Billion |
+5.97% |
| 2018-12-31 | CN¥27.41 Billion ≈ $4.01 Billion |
+3.48% |
| 2017-12-31 | CN¥26.48 Billion ≈ $3.88 Billion |
+8.43% |
| 2016-12-31 | CN¥24.43 Billion ≈ $3.57 Billion |
+22.70% |
| 2015-12-31 | CN¥19.91 Billion ≈ $2.91 Billion |
+10.98% |
| 2014-12-31 | CN¥17.94 Billion ≈ $2.62 Billion |
+8.96% |
| 2013-12-31 | CN¥16.46 Billion ≈ $2.41 Billion |
+46.04% |
| 2012-12-31 | CN¥11.27 Billion ≈ $1.65 Billion |
+207.24% |
| 2011-12-31 | CN¥3.67 Billion ≈ $536.90 Million |
+10.42% |
| 2010-12-31 | CN¥3.32 Billion ≈ $486.23 Million |
+55.04% |
| 2009-12-31 | CN¥2.14 Billion ≈ $313.62 Million |
+14.53% |
| 2008-12-31 | CN¥1.87 Billion ≈ $273.83 Million |
+9.70% |
| 2007-12-31 | CN¥1.71 Billion ≈ $249.63 Million |
+8.18% |
| 2006-12-31 | CN¥1.58 Billion ≈ $230.76 Million |
+1.89% |
| 2005-12-31 | CN¥1.55 Billion ≈ $226.49 Million |
+3.13% |
| 2004-12-31 | CN¥1.50 Billion ≈ $219.61 Million |
+3.51% |
| 2003-12-31 | CN¥1.45 Billion ≈ $212.15 Million |
+9.31% |
| 2002-12-31 | CN¥1.33 Billion ≈ $194.09 Million |
+58.71% |
| 2001-12-31 | CN¥835.68 Million ≈ $122.29 Million |
+16.45% |
| 2000-12-31 | CN¥717.66 Million ≈ $105.02 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Beijing Jingneng Power 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 411900.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥3.71 Billion | 12.98% |
| Other Components | CN¥24.85 Billion | 87.02% |
| Total Equity | CN¥28.56 Billion | 100.00% |
Beijing Jingneng Power Co Ltd Competitors by Market Cap
The table below lists competitors of Beijing Jingneng Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Beijing Huafeng Test & Control Technology Co Ltd
SHG:688200
|
$7.44 Billion |
|
The Swatch Group AG
F:UHRA
|
$7.44 Billion |
|
Petrovietnam Gas JSC
VN:GAS
|
$7.44 Billion |
|
Public Power Corporation S.A.
AT:PPC
|
$7.44 Billion |
|
CAR Group Ltd
AU:CAR
|
$7.43 Billion |
|
Repligen Corporation
NASDAQ:RGEN
|
$7.43 Billion |
|
Vaxcyte Inc
NASDAQ:PCVX
|
$7.43 Billion |
|
Shandong Hi-speed Co Ltd
SHG:600350
|
$7.42 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Beijing Jingneng Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 28,307,607,000 to 28,557,614,741, a change of 250,007,741 (0.9%).
- Net income of 3,529,539,445 contributed positively to equity growth.
- Dividend payments of 2,091,513,602 reduced retained earnings.
- Other comprehensive income decreased equity by 6,640,730,000.
- Other factors increased equity by 5,452,711,899.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.53 Billion | +12.36% |
| Dividends Paid | CN¥2.09 Billion | -7.32% |
| Other Comprehensive Income | CN¥-6.64 Billion | -23.25% |
| Other Changes | CN¥5.45 Billion | +19.09% |
| Total Change | CN¥- | 0.88% |
Book Value vs Market Value Analysis
This analysis compares Beijing Jingneng Power 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: 1.78x
- 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 14.98x to 1.78x 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¥0.51 | CN¥7.59 | x |
| 2001-12-31 | CN¥0.59 | CN¥7.59 | x |
| 2002-12-31 | CN¥0.94 | CN¥7.59 | x |
| 2003-12-31 | CN¥1.02 | CN¥7.59 | x |
| 2004-12-31 | CN¥1.06 | CN¥7.59 | x |
| 2005-12-31 | CN¥1.09 | CN¥7.59 | x |
| 2006-12-31 | CN¥1.16 | CN¥7.59 | x |
| 2007-12-31 | CN¥1.17 | CN¥7.59 | x |
| 2008-12-31 | CN¥1.21 | CN¥7.59 | x |
| 2009-12-31 | CN¥1.32 | CN¥7.59 | x |
| 2010-12-31 | CN¥2.04 | CN¥7.59 | x |
| 2011-12-31 | CN¥0.77 | CN¥7.59 | x |
| 2012-12-31 | CN¥2.23 | CN¥7.59 | x |
| 2013-12-31 | CN¥2.90 | CN¥7.59 | x |
| 2014-12-31 | CN¥3.08 | CN¥7.59 | x |
| 2015-12-31 | CN¥2.66 | CN¥7.59 | x |
| 2016-12-31 | CN¥3.41 | CN¥7.59 | x |
| 2017-12-31 | CN¥3.36 | CN¥7.59 | x |
| 2018-12-31 | CN¥3.38 | CN¥7.59 | x |
| 2019-12-31 | CN¥3.45 | CN¥7.59 | x |
| 2020-12-31 | CN¥3.67 | CN¥7.59 | x |
| 2021-12-31 | CN¥3.26 | CN¥7.59 | x |
| 2022-12-31 | CN¥3.65 | CN¥7.59 | x |
| 2023-12-31 | CN¥4.19 | CN¥7.59 | x |
| 2024-12-31 | CN¥3.78 | CN¥7.59 | x |
| 2025-12-31 | CN¥4.27 | CN¥7.59 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Beijing Jingneng Power 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): 12.36%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 9.96%
- • Asset Turnover: 0.35x
- • Equity Multiplier: 3.51x
- Recent ROE (12.36%) is above the historical average (8.90%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2000 | 14.26% | 8.76% | 0.63x | 2.57x | CN¥30.54 Million |
| 2001 | 14.12% | 10.67% | 0.66x | 2.01x | CN¥34.46 Million |
| 2002 | 6.47% | 7.73% | 0.53x | 1.58x | CN¥-46.85 Million |
| 2003 | 8.52% | 10.37% | 0.60x | 1.36x | CN¥-21.51 Million |
| 2004 | 10.04% | 10.98% | 0.71x | 1.29x | CN¥585.54K |
| 2005 | 8.64% | 8.67% | 0.80x | 1.24x | CN¥-21.07 Million |
| 2006 | 8.64% | 8.99% | 0.78x | 1.23x | CN¥-21.43 Million |
| 2007 | 11.70% | 11.52% | 0.56x | 1.82x | CN¥27.57 Million |
| 2008 | 8.97% | 8.72% | 0.34x | 3.03x | CN¥-17.01 Million |
| 2009 | 9.46% | 9.40% | 0.25x | 4.08x | CN¥-9.85 Million |
| 2010 | 9.57% | 10.32% | 0.28x | 3.29x | CN¥-12.01 Million |
| 2011 | 9.48% | 3.36% | 0.75x | 3.74x | CN¥-15.91 Million |
| 2012 | 18.57% | 16.02% | 0.35x | 3.29x | CN¥745.45 Million |
| 2013 | 17.91% | 18.48% | 0.41x | 2.36x | CN¥1.04 Billion |
| 2014 | 17.84% | 19.68% | 0.32x | 2.80x | CN¥1.12 Billion |
| 2015 | 21.04% | 25.37% | 0.34x | 2.42x | CN¥1.76 Billion |
| 2016 | 8.21% | 15.17% | 0.21x | 2.62x | CN¥-368.23 Million |
| 2017 | 2.38% | 4.37% | 0.20x | 2.72x | CN¥-1.71 Billion |
| 2018 | 3.84% | 6.07% | 0.21x | 2.99x | CN¥-1.41 Billion |
| 2019 | 5.80% | 7.43% | 0.24x | 3.24x | CN¥-992.10 Million |
| 2020 | 5.45% | 6.95% | 0.25x | 3.15x | CN¥-1.17 Billion |
| 2021 | -14.43% | -14.01% | 0.27x | 3.83x | CN¥-5.28 Billion |
| 2022 | 3.29% | 2.64% | 0.36x | 3.47x | CN¥-1.64 Billion |
| 2023 | 3.14% | 2.65% | 0.37x | 3.20x | CN¥-1.93 Billion |
| 2024 | 6.09% | 4.86% | 0.37x | 3.42x | CN¥-1.11 Billion |
| 2025 | 12.36% | 9.96% | 0.35x | 3.51x | CN¥673.78 Million |
Industry Comparison
This section compares Beijing Jingneng Power Co Ltd's net assets metrics with peer companies in the Utilities - Independent Power Producers industry.
Industry Context
- Industry: Utilities - Independent Power Producers
- Average net assets among peers: $32,818,165,382
- Average return on equity (ROE) among peers: 6.26%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Beijing Jingneng Power Co Ltd (600578) | CN¥37.27 Billion | 14.26% | 1.72x | $7.44 Billion |
| Guangdong Baolihua New Energy Stock Co LTD (000690) | $4.59 Billion | 24.15% | 1.14x | $1.64 Billion |
| CGN Power (003816) | $113.13 Billion | 7.69% | 2.26x | $23.48 Billion |
| Henan BCCY Environmental Energy Co. Ltd (300614) | $1.50 Billion | 2.51% | 0.25x | $255.67 Million |
| Huaneng Power International Inc (600011) | $116.12 Billion | 1.24% | 2.62x | $12.30 Billion |
| Zhejiang Zheneng Electric Power Co Ltd (600023) | $36.95 Billion | 6.74% | 1.12x | $11.30 Billion |
| Sichuan Chuantou Energy Co Ltd (600674) | $1.66 Billion | 3.68% | 1.88x | $10.21 Billion |
| Dalian Thermal Power Co Ltd (600719) | $748.89 Million | 2.56% | 1.16x | $528.11 Million |
| Huadian Energy (600726) | $4.22 Billion | 2.99% | 1.30x | $8.62 Billion |
| Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd (600863) | $16.45 Billion | 4.76% | 1.61x | $6.15 Billion |
About Beijing Jingneng Power Co Ltd
Beijing Jingneng Power Co., Ltd. produces and sells electric power and heat products in China. The company is involved in coal-fired power generation, heat supply, and new energy power generation businesses, such as wind power, photovoltaics, and energy storage. It also invests in power projects and coal mines. In addition, the company operates electric power equipment, testing, and repair of pow… Read more