Dalian Thermal Power Co Ltd (600719) - Net Assets
Based on the latest financial reports, Dalian Thermal Power Co Ltd (600719) has net assets worth CN¥403.18 Million CNY (≈ $59.00 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¥2.25 Billion ≈ $329.82 Million USD) and total liabilities (CN¥1.85 Billion ≈ $270.83 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 600719 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¥403.18 Million |
| % of Total Assets | 17.89% |
| Annual Growth Rate | 1.78% |
| 5-Year Change | -45.27% |
| 10-Year Change | -55.1% |
| Growth Volatility | 21.01 |
Dalian Thermal Power Co Ltd - Net Assets Trend (1995–2025)
This chart illustrates how Dalian Thermal Power Co Ltd's net assets have evolved over time, based on quarterly financial data. See Dalian Thermal Power Co Ltd defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Dalian Thermal Power Co Ltd (1995–2025)
The table below shows the annual net assets of Dalian Thermal Power Co Ltd from 1995 to 2025. For live valuation and market cap data, see Dalian Thermal Power Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥326.84 Million ≈ $47.83 Million |
-18.88% |
| 2024-12-31 | CN¥402.91 Million ≈ $58.96 Million |
-26.49% |
| 2023-12-31 | CN¥548.12 Million ≈ $80.21 Million |
+24.25% |
| 2022-12-31 | CN¥441.16 Million ≈ $64.55 Million |
-26.12% |
| 2021-12-31 | CN¥597.16 Million ≈ $87.38 Million |
-19.70% |
| 2020-12-31 | CN¥743.61 Million ≈ $108.81 Million |
+0.82% |
| 2019-12-31 | CN¥737.60 Million ≈ $107.93 Million |
+1.27% |
| 2018-12-31 | CN¥728.35 Million ≈ $106.58 Million |
+0.21% |
| 2017-12-31 | CN¥726.86 Million ≈ $106.36 Million |
-0.15% |
| 2016-12-31 | CN¥727.95 Million ≈ $106.52 Million |
+1.33% |
| 2015-12-31 | CN¥718.40 Million ≈ $105.12 Million |
+0.56% |
| 2014-12-31 | CN¥714.44 Million ≈ $104.54 Million |
+1.19% |
| 2013-12-31 | CN¥706.02 Million ≈ $103.31 Million |
+0.45% |
| 2012-12-31 | CN¥702.88 Million ≈ $102.85 Million |
+0.40% |
| 2011-12-31 | CN¥700.06 Million ≈ $102.44 Million |
-6.51% |
| 2010-12-31 | CN¥748.77 Million ≈ $109.57 Million |
+1.01% |
| 2009-12-31 | CN¥741.32 Million ≈ $108.48 Million |
+1.37% |
| 2008-12-31 | CN¥731.28 Million ≈ $107.01 Million |
+0.75% |
| 2007-12-31 | CN¥725.81 Million ≈ $106.21 Million |
+1.39% |
| 2006-12-31 | CN¥715.88 Million ≈ $104.76 Million |
-2.98% |
| 2005-12-31 | CN¥737.84 Million ≈ $107.97 Million |
-1.48% |
| 2004-12-31 | CN¥748.89 Million ≈ $109.59 Million |
+2.33% |
| 2003-12-31 | CN¥731.83 Million ≈ $107.09 Million |
-1.07% |
| 2002-12-31 | CN¥739.74 Million ≈ $108.25 Million |
+10.41% |
| 2001-12-31 | CN¥669.98 Million ≈ $98.04 Million |
+5.16% |
| 2000-12-31 | CN¥637.09 Million ≈ $93.23 Million |
-1.91% |
| 1999-12-31 | CN¥649.47 Million ≈ $95.04 Million |
+43.17% |
| 1998-12-31 | CN¥453.63 Million ≈ $66.38 Million |
+11.82% |
| 1997-12-31 | CN¥405.66 Million ≈ $59.36 Million |
+9.32% |
| 1996-12-31 | CN¥371.07 Million ≈ $54.30 Million |
+92.68% |
| 1995-12-31 | CN¥192.59 Million ≈ $28.18 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Dalian Thermal 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 decreased by 1539.5% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥404.60 Million | 131.87% |
| Other Comprehensive Income | CN¥181.00 Million | 58.99% |
| Other Components | CN¥96.80 Million | 31.55% |
| Total Equity | CN¥306.82 Million | 100.00% |
Dalian Thermal Power Co Ltd Competitors by Market Cap
The table below lists competitors of Dalian Thermal Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Jiangsu Hanvo Safety Product Co. Ltd.
SHE:300952
|
$515.70 Million |
|
Veradigm Inc.
NASDAQ:MDRX
|
$515.71 Million |
|
Bansal Wire Industries Ltd
NSE:BANSALWIRE
|
$515.80 Million |
|
Nam Long Investment Corp
VN:NLG
|
$516.06 Million |
|
Ambassador Hotel Ltd
TW:2704
|
$515.58 Million |
|
Anhui Ankai Automobile Co Ltd
SHE:000868
|
$515.55 Million |
|
Stadio Holdings Ltd
JSE:SDO
|
$515.50 Million |
|
Rompetrol Rafi
RO:RRC
|
$515.32 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Dalian Thermal Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 402,913,265 to 306,824,214, a change of -96,089,051 (-23.8%).
- Net loss of 94,714,204 reduced equity.
- Dividend payments of 77,498,793 reduced retained earnings.
- Other comprehensive income decreased equity by 1,374,846.
- Other factors increased equity by 77,498,792.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-94.71 Million | -30.87% |
| Dividends Paid | CN¥77.50 Million | -25.26% |
| Other Comprehensive Income | CN¥-1.37 Million | -0.45% |
| Other Changes | CN¥77.50 Million | +25.26% |
| Total Change | CN¥- | -23.85% |
Book Value vs Market Value Analysis
This analysis compares Dalian Thermal 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: 11.49x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 18.30x to 11.49x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1995-12-31 | CN¥0.48 | CN¥8.71 | x |
| 1996-12-31 | CN¥0.92 | CN¥8.71 | x |
| 1997-12-31 | CN¥1.00 | CN¥8.71 | x |
| 1998-12-31 | CN¥1.12 | CN¥8.71 | x |
| 1999-12-31 | CN¥1.60 | CN¥8.71 | x |
| 2000-12-31 | CN¥1.57 | CN¥8.71 | x |
| 2001-12-31 | CN¥1.66 | CN¥8.71 | x |
| 2002-12-31 | CN¥1.74 | CN¥8.71 | x |
| 2003-12-31 | CN¥1.73 | CN¥8.71 | x |
| 2004-12-31 | CN¥1.77 | CN¥8.71 | x |
| 2005-12-31 | CN¥1.75 | CN¥8.71 | x |
| 2006-12-31 | CN¥1.77 | CN¥8.71 | x |
| 2007-12-31 | CN¥1.79 | CN¥8.71 | x |
| 2008-12-31 | CN¥1.81 | CN¥8.71 | x |
| 2009-12-31 | CN¥1.84 | CN¥8.71 | x |
| 2010-12-31 | CN¥1.86 | CN¥8.71 | x |
| 2011-12-31 | CN¥1.73 | CN¥8.71 | x |
| 2012-12-31 | CN¥1.74 | CN¥8.71 | x |
| 2013-12-31 | CN¥1.75 | CN¥8.71 | x |
| 2014-12-31 | CN¥1.76 | CN¥8.71 | x |
| 2015-12-31 | CN¥1.76 | CN¥8.71 | x |
| 2016-12-31 | CN¥1.82 | CN¥8.71 | x |
| 2017-12-31 | CN¥1.73 | CN¥8.71 | x |
| 2018-12-31 | CN¥1.88 | CN¥8.71 | x |
| 2019-12-31 | CN¥1.83 | CN¥8.71 | x |
| 2020-12-31 | CN¥1.85 | CN¥8.71 | x |
| 2021-12-31 | CN¥1.48 | CN¥8.71 | x |
| 2022-12-31 | CN¥1.09 | CN¥8.71 | x |
| 2023-12-31 | CN¥1.36 | CN¥8.71 | x |
| 2024-12-31 | CN¥1.00 | CN¥8.71 | x |
| 2025-12-31 | CN¥0.76 | CN¥8.71 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Dalian Thermal 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): -30.87%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -15.66%
- • Asset Turnover: 0.24x
- • Equity Multiplier: 8.37x
- Recent ROE (-30.87%) is below the historical average (0.05%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1995 | 15.93% | 14.26% | 0.42x | 2.67x | CN¥11.43 Million |
| 1996 | 20.85% | 29.79% | 0.35x | 1.98x | CN¥40.24 Million |
| 1997 | 12.85% | 19.99% | 0.32x | 1.99x | CN¥11.57 Million |
| 1998 | 10.89% | 17.91% | 0.28x | 2.20x | CN¥4.02 Million |
| 1999 | 6.50% | 15.18% | 0.26x | 1.66x | CN¥-22.70 Million |
| 2000 | 9.60% | 19.08% | 0.27x | 1.88x | CN¥-2.56 Million |
| 2001 | 8.20% | 14.77% | 0.25x | 2.24x | CN¥-12.07 Million |
| 2002 | 4.21% | 7.99% | 0.22x | 2.43x | CN¥-40.74 Million |
| 2003 | 2.40% | 4.12% | 0.26x | 2.22x | CN¥-53.04 Million |
| 2004 | 2.67% | 4.15% | 0.28x | 2.26x | CN¥-52.61 Million |
| 2005 | 1.58% | 2.10% | 0.31x | 2.46x | CN¥-59.62 Million |
| 2006 | 2.73% | 3.29% | 0.35x | 2.37x | CN¥-52.03 Million |
| 2007 | 2.65% | 3.20% | 0.34x | 2.47x | CN¥-53.33 Million |
| 2008 | 1.58% | 1.98% | 0.31x | 2.53x | CN¥-61.59 Million |
| 2009 | 1.90% | 2.25% | 0.34x | 2.47x | CN¥-60.01 Million |
| 2010 | 1.67% | 1.88% | 0.45x | 1.98x | CN¥-62.37 Million |
| 2011 | -6.58% | -6.93% | 0.46x | 2.09x | CN¥-116.09 Million |
| 2012 | 0.40% | 0.42% | 0.46x | 2.08x | CN¥-67.47 Million |
| 2013 | 0.59% | 0.62% | 0.48x | 1.98x | CN¥-66.45 Million |
| 2014 | 1.35% | 1.39% | 0.54x | 1.81x | CN¥-61.77 Million |
| 2015 | 1.48% | 1.55% | 0.47x | 2.04x | CN¥-61.20 Million |
| 2016 | 1.87% | 1.92% | 0.42x | 2.29x | CN¥-59.20 Million |
| 2017 | 0.46% | 0.43% | 0.50x | 2.17x | CN¥-69.33 Million |
| 2018 | 0.37% | 0.37% | 0.35x | 2.83x | CN¥-70.13 Million |
| 2019 | 1.53% | 1.47% | 0.34x | 3.07x | CN¥-62.49 Million |
| 2020 | 1.30% | 1.43% | 0.25x | 3.64x | CN¥-64.70 Million |
| 2021 | -23.98% | -21.71% | 0.23x | 4.71x | CN¥-202.94 Million |
| 2022 | -35.49% | -19.40% | 0.30x | 6.06x | CN¥-200.66 Million |
| 2023 | 19.26% | 16.69% | 0.22x | 5.13x | CN¥50.75 Million |
| 2024 | -36.22% | -23.22% | 0.23x | 6.74x | CN¥-186.23 Million |
| 2025 | -30.87% | -15.66% | 0.24x | 8.37x | CN¥-125.40 Million |
Industry Comparison
This section compares Dalian Thermal 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: $25,695,398,761
- Average return on equity (ROE) among peers: 3.95%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Dalian Thermal Power Co Ltd (600719) | CN¥403.18 Million | 15.93% | 4.59x | $515.68 Million |
| Guangdong Baolihua New Energy Stock Co LTD (000690) | $461.44 Million | 9.49% | 0.69x | $1.78 Billion |
| CGN Power (003816) | $100.90 Billion | 9.42% | 2.54x | $24.52 Billion |
| Henan BCCY Environmental Energy Co. Ltd (300614) | $1.50 Billion | 2.51% | 0.25x | $273.98 Million |
| Huaneng Power International Inc (600011) | $19.61 Billion | 9.56% | 0.95x | $12.68 Billion |
| Zhejiang Zheneng Electric Power Co Ltd (600023) | $71.79 Billion | -1.17% | 0.61x | $12.05 Billion |
| Beijing Jingneng Power Co Ltd (600578) | $26.29 Billion | -11.86% | 2.14x | $7.99 Billion |
| Sichuan Chuantou Energy Co Ltd (600674) | $415.82 Million | 0.35% | 1.49x | $10.82 Billion |
| Huadian Energy (600726) | $3.03 Billion | 8.23% | 0.19x | $9.43 Billion |
| Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd (600863) | $7.27 Billion | 9.01% | 2.55x | $6.56 Billion |
About Dalian Thermal Power Co Ltd
Dalian Thermal Power Co.,Ltd. engages in the cogeneration and central heating business in China. The company produces hot water through coal-fired boilers to supply heat. It also provides combined heat and power for heating; and produces electricity, steam, and high-temperature water through power plants. In addition, the company purchases and sells industrial production materials; and the genera… Read more