Huadian Energy

SHG:600726 China Utilities - Independent Power Producers
Market Cap
$4.35 Billion
CN¥31.92 Billion CNY
Market Cap Rank
#7941 Global
#1430 in China
Share Price
CN¥4.27
Change (1 day)
+10.05%
52-Week Range
CN¥2.08 - CN¥4.27
All Time High
CN¥8.20
Categories
Companies in China Utilities - Independent Power Producers
About

Huadian Energy Company Limited engages in the generation and sale of electric power in China. The company generates electric power through thermal sources, as well as provides heat services. It also involved in coal production and sales business. It has an installed capacity of 25.7693 million kilowatts of thermal power. The company was formerly known as Heilongjiang Electric Power Co. Ltd. and c… Read more

Huadian Energy (600726) - Net Assets

Latest net assets as of September 2025: CN¥5.86 Billion CNY

Based on the latest financial reports, Huadian Energy (600726) has net assets worth CN¥5.86 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥31.11 Billion) and total liabilities (CN¥25.25 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥5.86 Billion
% of Total Assets 18.85%
Annual Growth Rate 11.3%
5-Year Change 644.06%
10-Year Change 57.22%
Growth Volatility 74.2

Huadian Energy - Net Assets Trend (1993–2024)

This chart illustrates how Huadian Energy's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Huadian Energy (1993–2024)

The table below shows the annual net assets of Huadian Energy from 1993 to 2024.

Year Net Assets Change
2024-12-31 CN¥6.03 Billion -3.18%
2023-12-31 CN¥6.23 Billion -7.56%
2022-12-31 CN¥6.74 Billion +421.01%
2021-12-31 CN¥-2.10 Billion -359.00%
2020-12-31 CN¥810.81 Million -58.15%
2019-12-31 CN¥1.94 Billion +4.79%
2018-12-31 CN¥1.85 Billion -32.14%
2017-12-31 CN¥2.72 Billion -33.54%
2016-12-31 CN¥4.10 Billion +6.82%
2015-12-31 CN¥3.84 Billion +0.91%
2014-12-31 CN¥3.80 Billion +6.23%
2013-12-31 CN¥3.58 Billion +1.88%
2012-12-31 CN¥3.51 Billion -11.04%
2011-12-31 CN¥3.95 Billion +1.30%
2010-12-31 CN¥3.90 Billion -15.13%
2009-12-31 CN¥4.59 Billion +22.24%
2008-12-31 CN¥3.76 Billion +6.59%
2007-12-31 CN¥3.53 Billion -16.45%
2006-12-31 CN¥4.22 Billion +21.32%
2005-12-31 CN¥3.48 Billion +1.30%
2004-12-31 CN¥3.43 Billion +5.60%
2003-12-31 CN¥3.25 Billion +7.49%
2002-12-31 CN¥3.03 Billion +4.75%
2001-12-31 CN¥2.89 Billion +5.01%
2000-12-31 CN¥2.75 Billion +63.11%
1999-12-31 CN¥1.69 Billion +12.26%
1998-12-31 CN¥1.50 Billion +10.85%
1997-12-31 CN¥1.35 Billion +119.49%
1996-12-31 CN¥617.29 Million +98.08%
1995-12-31 CN¥311.64 Million +10.09%
1994-12-31 CN¥283.08 Million +29.60%
1993-12-31 CN¥218.43 Million --

Equity Component Analysis

This analysis shows how different components contribute to Huadian Energy'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 12905303.9% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Common Stock CN¥7.91 Billion 212.77%
Other Comprehensive Income CN¥1.23 Billion 33.02%
Total Equity CN¥3.72 Billion 100.00%

Huadian Energy Competitors by Market Cap

The table below lists competitors of Huadian Energy ranked by their market capitalization.

Company Market Cap
SKY Perfect JSAT Holdings Inc.
OTCGREY:SKPJF
 		$855.51 Million
Nokian Renkaat Oyj
PINK:NKRKF
 		$855.65 Million
XL Axiata Tbk PT
JK:EXCL
 		$855.71 Million
Hunan Nanling Industrial Explosive Materials Co Ltd
SHE:002096
 		$855.80 Million
Hunan Valin Wire & Cable Co Ltd
SHE:001208
 		$855.32 Million
Sino Medical Sciences Technology In
SHG:688108
 		$854.94 Million
Shenzhen Yan Tian Port Holdings Co Ltd
SHE:000088
 		$854.51 Million
S&S TECH Corporation
KQ:101490
 		$854.44 Million

Equity Growth Attribution

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

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 3,488,334,887 to 3,716,291,825, a change of 227,956,938 (6.5%).
  • Net income of 165,524,192 contributed positively to equity growth.
  • Dividend payments of 435,758,784 reduced retained earnings.
  • Other comprehensive income increased equity by 525,159,050.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥165.52 Million +4.45%
Dividends Paid CN¥435.76 Million -11.73%
Other Comprehensive Income CN¥525.16 Million +14.13%
Other Changes CN¥-26.97 Million -0.73%
Total Change CN¥- 6.53%

Book Value vs Market Value Analysis

This analysis compares Huadian Energy'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: 9.51x
  • 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 23.56x to 9.51x 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¥0.18 CN¥4.27 x
1994-12-31 CN¥0.23 CN¥4.27 x
1995-12-31 CN¥0.26 CN¥4.27 x
1996-12-31 CN¥0.51 CN¥4.27 x
1997-12-31 CN¥1.12 CN¥4.27 x
1998-12-31 CN¥1.25 CN¥4.27 x
1999-12-31 CN¥1.40 CN¥4.27 x
2000-12-31 CN¥2.28 CN¥4.27 x
2001-12-31 CN¥2.40 CN¥4.27 x
2002-12-31 CN¥2.51 CN¥4.27 x
2003-12-31 CN¥2.68 CN¥4.27 x
2004-12-31 CN¥2.81 CN¥4.27 x
2005-12-31 CN¥2.85 CN¥4.27 x
2006-12-31 CN¥3.21 CN¥4.27 x
2007-12-31 CN¥2.58 CN¥4.27 x
2008-12-31 CN¥2.33 CN¥4.27 x
2009-12-31 CN¥2.92 CN¥4.27 x
2010-12-31 CN¥1.55 CN¥4.27 x
2011-12-31 CN¥1.72 CN¥4.27 x
2012-12-31 CN¥1.49 CN¥4.27 x
2013-12-31 CN¥1.50 CN¥4.27 x
2014-12-31 CN¥1.49 CN¥4.27 x
2015-12-31 CN¥1.37 CN¥4.27 x
2016-12-31 CN¥1.83 CN¥4.27 x
2017-12-31 CN¥1.17 CN¥4.27 x
2018-12-31 CN¥0.81 CN¥4.27 x
2019-12-31 CN¥0.85 CN¥4.27 x
2020-12-31 CN¥0.31 CN¥4.27 x
2021-12-31 CN¥-1.07 CN¥4.27 x
2022-12-31 CN¥0.51 CN¥4.27 x
2023-12-31 CN¥0.38 CN¥4.27 x
2024-12-31 CN¥0.45 CN¥4.27 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Huadian Energy 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): 4.45%
  • The company may be facing challenges in efficiently utilizing shareholder equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 0.91%
  • • Asset Turnover: 0.61x
  • • Equity Multiplier: 8.07x
  • Recent ROE (4.45%) is above the historical average (-5.08%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
1993 8.11% 26.00% 0.15x 2.07x CN¥-4.13 Million
1994 19.31% 27.59% 0.35x 2.00x CN¥26.36 Million
1995 26.65% 29.77% 0.47x 1.90x CN¥51.87 Million
1996 20.30% 42.22% 0.29x 1.64x CN¥63.55 Million
1997 14.78% 45.39% 0.23x 1.39x CN¥64.77 Million
1998 15.66% 34.13% 0.28x 1.64x CN¥84.95 Million
1999 10.92% 23.74% 0.31x 1.48x CN¥15.53 Million
2000 8.30% 28.26% 0.24x 1.20x CN¥-46.70 Million
2001 9.75% 23.71% 0.34x 1.21x CN¥-7.13 Million
2002 8.24% 22.15% 0.31x 1.19x CN¥-53.38 Million
2003 6.22% 17.11% 0.25x 1.48x CN¥-121.81 Million
2004 6.14% 6.89% 0.32x 2.75x CN¥-130.80 Million
2005 3.53% 3.74% 0.35x 2.70x CN¥-222.07 Million
2006 3.02% 3.42% 0.38x 2.32x CN¥-291.10 Million
2007 1.90% 1.33% 0.43x 3.33x CN¥-280.78 Million
2008 0.43% 0.25% 0.33x 5.08x CN¥-316.51 Million
2009 -18.84% -12.24% 0.33x 4.65x CN¥-1.16 Billion
2010 1.29% 0.53% 0.37x 6.55x CN¥-295.06 Million
2011 0.24% 0.08% 0.46x 6.49x CN¥-331.58 Million
2012 -15.57% -4.18% 0.47x 7.90x CN¥-747.48 Million
2013 0.48% 0.14% 0.43x 7.91x CN¥-283.36 Million
2014 4.70% 1.50% 0.41x 7.61x CN¥-166.02 Million
2015 0.73% 0.25% 0.38x 7.68x CN¥-296.16 Million
2016 4.38% 1.72% 0.34x 7.50x CN¥-190.77 Million
2017 -47.82% -12.16% 0.36x 11.00x CN¥-1.33 Billion
2018 -48.43% -7.77% 0.39x 15.98x CN¥-919.20 Million
2019 4.54% 0.70% 0.46x 14.24x CN¥-90.81 Million
2020 -183.71% -10.37% 0.47x 37.73x CN¥-1.17 Billion
2021 0.00% -4.88% 0.84x 0.00x CN¥-713.05 Million
2022 -29.67% -5.38% 0.57x 9.64x CN¥-1.36 Billion
2023 -2.61% -0.48% 0.65x 8.35x CN¥-439.82 Million
2024 4.45% 0.91% 0.61x 8.07x CN¥-206.10 Million

Industry Comparison

This section compares Huadian Energy'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: $36,661,288,773
  • Average return on equity (ROE) among peers: 2.08%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Huadian Energy (600726) CN¥5.86 Billion 8.11% 4.31x $855.33 Million
Guangdong Baolihua New Energy Stock Co LTD (000690) $326.87 Million 9.45% 0.52x $1.19 Billion
CGN Power (003816) $135.29 Billion 7.00% 1.87x $8.87 Billion
Henan BCCY Environmental Energy Co. Ltd (300614) $1.28 Billion -22.09% 0.72x $177.35 Million
Zhejiang Zheneng Electric Power Co Ltd (600023) $68.80 Billion 6.30% 0.64x $2.20 Billion
Beijing Jingneng Power Co Ltd (600578) $26.29 Billion -11.86% 2.14x $1.37 Billion
Sichuan Chuantou Energy Co Ltd (600674) $609.21 Million 10.97% 0.54x $3.44 Billion
Dalian Thermal Power Co Ltd (600719) $453.63 Million 10.89% 1.20x $250.11 Million
Inner Mongolia MengDian HuaNeng Thermal Power Corp Ltd (600863) $20.59 Billion 8.58% 0.95x $2.25 Billion
Datang International Power Generation Co Ltd Class A (601991) $76.31 Billion -0.53% 3.00x $3.85 Billion