Leshan Electric Power Co Ltd (600644) - Net Assets
Based on the latest financial reports, Leshan Electric Power Co Ltd (600644) has net assets worth CN¥2.33 Billion CNY (≈ $340.91 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¥4.68 Billion ≈ $684.92 Million USD) and total liabilities (CN¥2.35 Billion ≈ $344.01 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 600644 intangible-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥2.33 Billion |
| % of Total Assets | 49.77% |
| Annual Growth Rate | N/A |
| 5-Year Change | 20.21% |
| 10-Year Change | 74.76% |
| Growth Volatility | 39.78 |
Leshan Electric Power Co Ltd - Net Assets Trend (1992–2025)
This chart illustrates how Leshan Electric Power Co Ltd's net assets have evolved over time, based on quarterly financial data. See Leshan Electric Power Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Leshan Electric Power Co Ltd (1992–2025)
The table below shows the annual net assets of Leshan Electric Power Co Ltd from 1992 to 2025. For live valuation and market cap data, see market value of Leshan Electric Power Co Ltd.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥2.33 Billion ≈ $341.43 Million |
+10.84% |
| 2024-12-31 | CN¥2.11 Billion ≈ $308.05 Million |
+2.59% |
| 2023-12-31 | CN¥2.05 Billion ≈ $300.28 Million |
+1.31% |
| 2022-12-31 | CN¥2.03 Billion ≈ $296.39 Million |
+4.35% |
| 2021-12-31 | CN¥1.94 Billion ≈ $284.03 Million |
+6.55% |
| 2020-12-31 | CN¥1.82 Billion ≈ $266.58 Million |
+6.80% |
| 2019-12-31 | CN¥1.71 Billion ≈ $249.61 Million |
+8.87% |
| 2018-12-31 | CN¥1.57 Billion ≈ $229.28 Million |
+5.98% |
| 2017-12-31 | CN¥1.48 Billion ≈ $216.35 Million |
+10.74% |
| 2016-12-31 | CN¥1.34 Billion ≈ $195.37 Million |
+20.10% |
| 2015-12-31 | CN¥1.11 Billion ≈ $162.67 Million |
+12.72% |
| 2014-12-31 | CN¥986.19 Million ≈ $144.31 Million |
+208.59% |
| 2013-12-31 | CN¥319.58 Million ≈ $46.76 Million |
-67.81% |
| 2012-12-31 | CN¥992.93 Million ≈ $145.30 Million |
-10.47% |
| 2011-12-31 | CN¥1.11 Billion ≈ $162.29 Million |
+6.72% |
| 2010-12-31 | CN¥1.04 Billion ≈ $152.06 Million |
+5.37% |
| 2009-12-31 | CN¥986.22 Million ≈ $144.31 Million |
+3.62% |
| 2008-12-31 | CN¥951.77 Million ≈ $139.27 Million |
+50.03% |
| 2007-12-31 | CN¥634.38 Million ≈ $92.83 Million |
+13.47% |
| 2006-12-31 | CN¥559.09 Million ≈ $81.81 Million |
+5.56% |
| 2005-12-31 | CN¥529.65 Million ≈ $77.50 Million |
+2.90% |
| 2004-12-31 | CN¥514.75 Million ≈ $75.32 Million |
+3.20% |
| 2003-12-31 | CN¥498.78 Million ≈ $72.99 Million |
+2.18% |
| 2002-12-31 | CN¥488.16 Million ≈ $71.43 Million |
-5.29% |
| 2001-12-31 | CN¥515.40 Million ≈ $75.42 Million |
-0.52% |
| 2000-12-31 | CN¥518.09 Million ≈ $75.81 Million |
+8.46% |
| 1999-12-31 | CN¥477.67 Million ≈ $69.90 Million |
+53.02% |
| 1998-12-31 | CN¥312.15 Million ≈ $45.68 Million |
+9.83% |
| 1997-12-31 | CN¥284.23 Million ≈ $41.59 Million |
+38.03% |
| 1996-12-31 | CN¥205.92 Million ≈ $30.13 Million |
+17.06% |
| 1995-12-31 | CN¥175.90 Million ≈ $25.74 Million |
+3.49% |
| 1994-12-31 | CN¥169.98 Million ≈ $24.87 Million |
+14.83% |
| 1993-12-31 | CN¥148.03 Million ≈ $21.66 Million |
-- |
| 1992-12-31 | CN¥0.00 ≈ $0.00 |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Leshan Electric 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 33096656019.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥330.97 Million | 16.00% |
| Other Components | CN¥1.74 Billion | 84.00% |
| Total Equity | CN¥2.07 Billion | 100.00% |
Leshan Electric Power Co Ltd Competitors by Market Cap
The table below lists competitors of Leshan Electric Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Lahav LR Real Estate Ltd
TA:LAHAV
|
$771.81 Million |
|
MedCap AB (publ)
ST:MCAP
|
$771.94 Million |
|
Rastar Group
SHE:300043
|
$771.96 Million |
|
Dilip Buildcon Limited
NSE:DBL
|
$772.10 Million |
|
Peakstone Realty Trust
NYSE:PKST
|
$771.78 Million |
|
Liberty Latin America Ltd Class C
NASDAQ:LILAK
|
$771.67 Million |
|
Multi Bintang Indonesia Tbk
JK:MLBI
|
$771.64 Million |
|
Savencia SA
PA:SAVE
|
$771.57 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Leshan Electric Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 1,841,931,000 to 2,069,026,571, a change of 227,095,571 (12.3%).
- Net income of 23,402,300 contributed positively to equity growth.
- Dividend payments of 25,550,604 reduced retained earnings.
- Other factors increased equity by 229,243,875.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥23.40 Million | +1.13% |
| Dividends Paid | CN¥25.55 Million | -1.23% |
| Other Changes | CN¥229.24 Million | +11.08% |
| Total Change | CN¥- | 12.33% |
Book Value vs Market Value Analysis
This analysis compares Leshan Electric 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: 2.52x
- 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 15.36x to 2.52x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1993-12-31 | CN¥0.59 | CN¥9.12 | x |
| 1994-12-31 | CN¥0.63 | CN¥9.12 | x |
| 1995-12-31 | CN¥0.64 | CN¥9.12 | x |
| 1996-12-31 | CN¥0.76 | CN¥9.12 | x |
| 1997-12-31 | CN¥1.10 | CN¥9.12 | x |
| 1998-12-31 | CN¥1.04 | CN¥9.12 | x |
| 1999-12-31 | CN¥1.80 | CN¥9.12 | x |
| 2000-12-31 | CN¥1.91 | CN¥9.12 | x |
| 2001-12-31 | CN¥1.86 | CN¥9.12 | x |
| 2002-12-31 | CN¥1.79 | CN¥9.12 | x |
| 2003-12-31 | CN¥1.82 | CN¥9.12 | x |
| 2004-12-31 | CN¥1.95 | CN¥9.12 | x |
| 2005-12-31 | CN¥2.01 | CN¥9.12 | x |
| 2006-12-31 | CN¥2.14 | CN¥9.12 | x |
| 2007-12-31 | CN¥1.77 | CN¥9.12 | x |
| 2008-12-31 | CN¥1.97 | CN¥9.12 | x |
| 2009-12-31 | CN¥2.06 | CN¥9.12 | x |
| 2010-12-31 | CN¥2.21 | CN¥9.12 | x |
| 2011-12-31 | CN¥2.40 | CN¥9.12 | x |
| 2012-12-31 | CN¥2.36 | CN¥9.12 | x |
| 2013-12-31 | CN¥1.39 | CN¥9.12 | x |
| 2014-12-31 | CN¥2.36 | CN¥9.12 | x |
| 2015-12-31 | CN¥1.88 | CN¥9.12 | x |
| 2016-12-31 | CN¥2.27 | CN¥9.12 | x |
| 2017-12-31 | CN¥2.37 | CN¥9.12 | x |
| 2018-12-31 | CN¥2.60 | CN¥9.12 | x |
| 2019-12-31 | CN¥2.75 | CN¥9.12 | x |
| 2020-12-31 | CN¥2.95 | CN¥9.12 | x |
| 2021-12-31 | CN¥3.19 | CN¥9.12 | x |
| 2022-12-31 | CN¥3.33 | CN¥9.12 | x |
| 2023-12-31 | CN¥3.37 | CN¥9.12 | x |
| 2024-12-31 | CN¥3.42 | CN¥9.12 | x |
| 2025-12-31 | CN¥3.62 | CN¥9.12 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Leshan Electric 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): 1.13%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.69%
- • Asset Turnover: 0.71x
- • Equity Multiplier: 2.31x
- Recent ROE (1.13%) is below the historical average (1.34%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1993 | 13.94% | 76.90% | 0.13x | 1.37x | CN¥5.84 Million |
| 1994 | 10.38% | 40.24% | 0.13x | 2.01x | CN¥599.64K |
| 1995 | 11.31% | 18.52% | 0.26x | 2.33x | CN¥2.10 Million |
| 1996 | 11.26% | 16.17% | 0.30x | 2.34x | CN¥2.39 Million |
| 1997 | 10.22% | 21.51% | 0.21x | 2.23x | CN¥590.30K |
| 1998 | 11.07% | 15.41% | 0.26x | 2.75x | CN¥2.77 Million |
| 1999 | 6.50% | 10.96% | 0.26x | 2.32x | CN¥-15.66 Million |
| 2000 | 8.43% | 14.12% | 0.26x | 2.31x | CN¥-7.51 Million |
| 2001 | 5.71% | 10.53% | 0.23x | 2.41x | CN¥-19.94 Million |
| 2002 | 0.18% | 0.30% | 0.24x | 2.57x | CN¥-43.83 Million |
| 2003 | 1.63% | 2.23% | 0.26x | 2.78x | CN¥-38.03 Million |
| 2004 | 6.52% | 7.49% | 0.33x | 2.68x | CN¥-16.92 Million |
| 2005 | 7.99% | 8.47% | 0.39x | 2.44x | CN¥-10.08 Million |
| 2006 | 9.87% | 10.89% | 0.42x | 2.17x | CN¥-698.90K |
| 2007 | 10.79% | 9.43% | 0.51x | 2.23x | CN¥4.59 Million |
| 2008 | 13.27% | 9.95% | 0.36x | 3.68x | CN¥21.05 Million |
| 2009 | 8.43% | 6.06% | 0.28x | 4.95x | CN¥-10.58 Million |
| 2010 | 8.67% | 3.52% | 0.49x | 5.01x | CN¥-9.58 Million |
| 2011 | 10.18% | 3.80% | 0.56x | 4.81x | CN¥1.40 Million |
| 2012 | 5.96% | 3.16% | 0.40x | 4.75x | CN¥-31.15 Million |
| 2013 | -65.58% | -20.41% | 0.48x | 6.68x | CN¥-344.12 Million |
| 2014 | -127.35% | -73.99% | 0.58x | 2.98x | CN¥-1.23 Billion |
| 2015 | 11.44% | 6.98% | 0.68x | 2.39x | CN¥14.50 Million |
| 2016 | 17.31% | 11.10% | 0.75x | 2.08x | CN¥89.33 Million |
| 2017 | 3.36% | 2.08% | 0.69x | 2.34x | CN¥-84.61 Million |
| 2018 | 5.78% | 3.73% | 0.65x | 2.39x | CN¥-59.09 Million |
| 2019 | 6.02% | 4.01% | 0.59x | 2.55x | CN¥-59.02 Million |
| 2020 | 6.45% | 4.48% | 0.57x | 2.52x | CN¥-56.40 Million |
| 2021 | 6.84% | 4.57% | 0.64x | 2.33x | CN¥-54.37 Million |
| 2022 | 3.94% | 2.46% | 0.71x | 2.27x | CN¥-108.46 Million |
| 2023 | 1.34% | 0.81% | 0.72x | 2.28x | CN¥-157.40 Million |
| 2024 | 1.23% | 0.71% | 0.73x | 2.39x | CN¥-161.62 Million |
| 2025 | 1.13% | 0.69% | 0.71x | 2.31x | CN¥-183.50 Million |
Industry Comparison
This section compares Leshan Electric Power 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: $4,871,615,249
- Average return on equity (ROE) among peers: 5.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Leshan Electric Power Co Ltd (600644) | CN¥2.33 Billion | 13.94% | 1.01x | $771.79 Million |
| Shenzhen Energy Group Co Ltd (000027) | $2.21 Billion | 5.58% | 1.50x | $4.79 Billion |
| Shenzhen Nanshan Power Co Ltd (000037) | $1.39 Billion | -11.50% | 0.87x | $514.28 Million |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $3.48 Billion | 18.56% | 1.15x | $982.91 Million |
| An Hui Wenergy Co Ltd (000543) | $1.21 Billion | 20.23% | 0.23x | $2.66 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $14.72 Billion | 6.51% | 1.30x | $2.59 Billion |
| Guangdong Shaoneng Group Co Ltd (000601) | $5.06 Billion | 4.24% | 1.51x | $1.03 Billion |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $273.76 Million | -8.68% | 1.71x | $480.54 Million |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $1.62 Billion | 12.58% | 1.88x | $2.07 Billion |
| Jilin Power Share Co Ltd (000875) | $14.28 Billion | 3.50% | 3.67x | $2.90 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $4.47 Billion | 0.37% | 0.64x | $1.54 Billion |
About Leshan Electric Power Co Ltd
Leshan Electric Power Co.,Ltd, together with its subsidiaries, engages in generation and supply of hydropower in China. It also involved in the production and supply of tap water and natural gas; pipeline and power installation; integrated energy businesses; energy storage technology; training, recuperation, advertising and media; and hotel business, as well as offers professional technical servi… Read more