Top Energy Shanxi Co Ltd
Top Energy Company Ltd.Shanxi is mainly engaged in the thermal power generation, power transmission, and distribution business in China. The company operates through three segments: Thermal Power Generation, Power Grid Distribution, and Other segments. Top Energy Company Ltd.Shanxi was founded in 1992 and is based in Taiyuan, China.
Top Energy Shanxi Co Ltd (600780) - Net Assets
Latest net assets as of September 2025: CN¥8.16 Billion CNY
Based on the latest financial reports, Top Energy Shanxi Co Ltd (600780) has net assets worth CN¥8.16 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¥11.09 Billion) and total liabilities (CN¥2.93 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¥8.16 Billion |
| % of Total Assets | 73.57% |
| Annual Growth Rate | 16.63% |
| 5-Year Change | 36.25% |
| 10-Year Change | 65.12% |
| Growth Volatility | 42.3 |
Top Energy Shanxi Co Ltd - Net Assets Trend (1993–2024)
This chart illustrates how Top Energy Shanxi Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Top Energy Shanxi Co Ltd (1993–2024)
The table below shows the annual net assets of Top Energy Shanxi Co Ltd from 1993 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥7.66 Billion | +4.67% |
| 2023-12-31 | CN¥7.31 Billion | +11.03% |
| 2022-12-31 | CN¥6.59 Billion | +15.19% |
| 2021-12-31 | CN¥5.72 Billion | +1.77% |
| 2020-12-31 | CN¥5.62 Billion | +4.92% |
| 2019-12-31 | CN¥5.36 Billion | +5.45% |
| 2018-12-31 | CN¥5.08 Billion | +5.84% |
| 2017-12-31 | CN¥4.80 Billion | +2.30% |
| 2016-12-31 | CN¥4.69 Billion | +1.16% |
| 2015-12-31 | CN¥4.64 Billion | +5.19% |
| 2014-12-31 | CN¥4.41 Billion | +12.91% |
| 2013-12-31 | CN¥3.90 Billion | +8.78% |
| 2012-12-31 | CN¥3.59 Billion | +10.77% |
| 2011-12-31 | CN¥3.24 Billion | +92.43% |
| 2010-12-31 | CN¥1.68 Billion | +1.78% |
| 2009-12-31 | CN¥1.65 Billion | +0.54% |
| 2008-12-31 | CN¥1.65 Billion | -1.66% |
| 2007-12-31 | CN¥1.67 Billion | +3.59% |
| 2006-12-31 | CN¥1.61 Billion | +9.55% |
| 2005-12-31 | CN¥1.47 Billion | -11.91% |
| 2004-12-31 | CN¥1.67 Billion | +15.82% |
| 2003-12-31 | CN¥1.44 Billion | +32.18% |
| 2002-12-31 | CN¥1.09 Billion | +107.44% |
| 2001-12-31 | CN¥526.95 Million | +9.54% |
| 2000-12-31 | CN¥481.06 Million | +5.69% |
| 1999-12-31 | CN¥455.16 Million | +73.76% |
| 1998-12-31 | CN¥261.95 Million | +8.05% |
| 1997-12-31 | CN¥242.44 Million | +12.80% |
| 1996-12-31 | CN¥214.93 Million | +203.19% |
| 1995-12-31 | CN¥70.89 Million | +4.74% |
| 1994-12-31 | CN¥67.68 Million | +4.20% |
| 1993-12-31 | CN¥64.95 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Top Energy Shanxi 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 467186874100.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥4.67 Billion | 60.74% |
| Common Stock | CN¥1.15 Billion | 14.91% |
| Other Comprehensive Income | CN¥1.01 Billion | 13.11% |
| Other Components | CN¥864.89 Million | 11.24% |
| Total Equity | CN¥7.69 Billion | 100.00% |
Top Energy Shanxi Co Ltd Competitors by Market Cap
The table below lists competitors of Top Energy Shanxi Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Black Cat Syndicate Ltd
AU:BC8
|
$403.69 Million |
|
ARMADA HOFFLER PR. DL-01
F:791
|
$403.74 Million |
|
Anhui Landun Photoelectron Co Ltd
SHE:300862
|
$403.87 Million |
|
Vontron Technology Co Ltd
SHE:000920
|
$403.89 Million |
|
Sinomach Automobile Co Ltd
SHG:600335
|
$403.62 Million |
|
Baolingbao Biology Co Ltd
SHE:002286
|
$403.60 Million |
|
Grupo Profuturo S.A.B. de C.V
MX:GPROFUT
|
$403.53 Million |
|
Alltop Technology Co Ltd
TWO:3526
|
$403.51 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Top Energy Shanxi Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 7,348,910,434 to 7,691,509,462, a change of 342,599,028 (4.7%).
- Net income of 512,672,145 contributed positively to equity growth.
- Dividend payments of 215,675,306 reduced retained earnings.
- Other comprehensive income increased equity by 951,652,162.
- Other factors decreased equity by 906,049,973.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥512.67 Million | +6.67% |
| Dividends Paid | CN¥215.68 Million | -2.8% |
| Other Comprehensive Income | CN¥951.65 Million | +12.37% |
| Other Changes | CN¥-906.05 Million | -11.78% |
| Total Change | CN¥- | 4.66% |
Book Value vs Market Value Analysis
This analysis compares Top Energy Shanxi 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: 1.01x
- 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 91.24x to 1.01x 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¥0.07 | CN¥6.79 | x |
| 1994-12-31 | CN¥0.08 | CN¥6.79 | x |
| 1995-12-31 | CN¥0.08 | CN¥6.79 | x |
| 1996-12-31 | CN¥0.25 | CN¥6.79 | x |
| 1997-12-31 | CN¥0.27 | CN¥6.79 | x |
| 1998-12-31 | CN¥0.30 | CN¥6.79 | x |
| 1999-12-31 | CN¥0.52 | CN¥6.79 | x |
| 2000-12-31 | CN¥0.55 | CN¥6.79 | x |
| 2001-12-31 | CN¥0.60 | CN¥6.79 | x |
| 2002-12-31 | CN¥1.25 | CN¥6.79 | x |
| 2003-12-31 | CN¥1.51 | CN¥6.79 | x |
| 2004-12-31 | CN¥1.75 | CN¥6.79 | x |
| 2005-12-31 | CN¥1.54 | CN¥6.79 | x |
| 2006-12-31 | CN¥1.70 | CN¥6.79 | x |
| 2007-12-31 | CN¥1.92 | CN¥6.79 | x |
| 2008-12-31 | CN¥1.89 | CN¥6.79 | x |
| 2009-12-31 | CN¥1.89 | CN¥6.79 | x |
| 2010-12-31 | CN¥1.47 | CN¥6.79 | x |
| 2011-12-31 | CN¥2.82 | CN¥6.79 | x |
| 2012-12-31 | CN¥3.08 | CN¥6.79 | x |
| 2013-12-31 | CN¥3.36 | CN¥6.79 | x |
| 2014-12-31 | CN¥3.79 | CN¥6.79 | x |
| 2015-12-31 | CN¥3.99 | CN¥6.79 | x |
| 2016-12-31 | CN¥4.11 | CN¥6.79 | x |
| 2017-12-31 | CN¥4.20 | CN¥6.79 | x |
| 2018-12-31 | CN¥4.45 | CN¥6.79 | x |
| 2019-12-31 | CN¥4.69 | CN¥6.79 | x |
| 2020-12-31 | CN¥4.93 | CN¥6.79 | x |
| 2021-12-31 | CN¥5.02 | CN¥6.79 | x |
| 2022-12-31 | CN¥5.77 | CN¥6.79 | x |
| 2023-12-31 | CN¥6.41 | CN¥6.79 | x |
| 2024-12-31 | CN¥6.71 | CN¥6.79 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Top Energy Shanxi 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): 6.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.73%
- • Asset Turnover: 1.03x
- • Equity Multiplier: 1.37x
- Recent ROE (6.67%) is below the historical average (9.36%), 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 | 9.52% | 18.60% | 0.33x | 1.56x | CN¥-311.83K |
| 1994 | 20.16% | 15.94% | 0.54x | 2.34x | CN¥6.88 Million |
| 1995 | 22.62% | 19.44% | 0.48x | 2.42x | CN¥8.94 Million |
| 1996 | 10.95% | 24.85% | 0.28x | 1.60x | CN¥2.03 Million |
| 1997 | 10.24% | 26.74% | 0.25x | 1.56x | CN¥572.61K |
| 1998 | 10.10% | 11.42% | 0.27x | 3.32x | CN¥257.60K |
| 1999 | 13.34% | 34.46% | 0.20x | 1.91x | CN¥15.21 Million |
| 2000 | 10.99% | 21.97% | 0.31x | 1.62x | CN¥4.76 Million |
| 2001 | 11.16% | 22.13% | 0.38x | 1.31x | CN¥6.11 Million |
| 2002 | 6.83% | 26.68% | 0.22x | 1.15x | CN¥-34.54 Million |
| 2003 | 17.73% | 12.51% | 0.36x | 3.90x | CN¥101.87 Million |
| 2004 | 15.70% | 11.46% | 0.46x | 2.98x | CN¥87.14 Million |
| 2005 | 9.63% | 6.01% | 0.52x | 3.09x | CN¥-4.95 Million |
| 2006 | 9.15% | 6.06% | 0.59x | 2.57x | CN¥-12.62 Million |
| 2007 | 14.38% | 11.54% | 0.64x | 1.96x | CN¥73.21 Million |
| 2008 | 0.79% | 0.67% | 0.66x | 1.78x | CN¥-151.50 Million |
| 2009 | 0.42% | 0.37% | 0.69x | 1.66x | CN¥-158.37 Million |
| 2010 | 1.84% | 1.46% | 0.88x | 1.44x | CN¥-137.31 Million |
| 2011 | 11.54% | 6.84% | 0.82x | 2.07x | CN¥49.68 Million |
| 2012 | 10.49% | 6.12% | 0.82x | 2.10x | CN¥17.30 Million |
| 2013 | 9.95% | 5.98% | 0.79x | 2.10x | CN¥-1.90 Million |
| 2014 | 13.01% | 8.82% | 0.77x | 1.92x | CN¥130.63 Million |
| 2015 | 8.08% | 6.52% | 0.65x | 1.91x | CN¥-88.07 Million |
| 2016 | 2.17% | 2.09% | 0.40x | 2.57x | CN¥-368.56 Million |
| 2017 | 1.70% | 1.61% | 0.42x | 2.50x | CN¥-399.92 Million |
| 2018 | 4.39% | 3.72% | 0.50x | 2.35x | CN¥-286.22 Million |
| 2019 | 5.20% | 4.23% | 0.80x | 1.54x | CN¥-258.19 Million |
| 2020 | 5.31% | 4.32% | 0.84x | 1.46x | CN¥-264.90 Million |
| 2021 | 3.24% | 2.38% | 0.91x | 1.49x | CN¥-388.92 Million |
| 2022 | 12.91% | 7.69% | 1.11x | 1.52x | CN¥192.65 Million |
| 2023 | 9.25% | 6.24% | 1.07x | 1.39x | CN¥-55.11 Million |
| 2024 | 6.67% | 4.73% | 1.03x | 1.37x | CN¥-256.48 Million |
Industry Comparison
This section compares Top Energy Shanxi 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: $4,563,459,332
- Average return on equity (ROE) among peers: 5.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Top Energy Shanxi Co Ltd (600780) | CN¥8.16 Billion | 9.52% | 0.36x | $403.69 Million |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $901.14 Million | 7.15% | 0.78x | $380.61 Million |
| An Hui Wenergy Co Ltd (000543) | $13.78 Billion | 0.96% | 0.93x | $1.12 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $315.53 Million | 1.03% | 1.12x | $850.51 Million |
| Guangdong Shaoneng Group Co Ltd (000601) | $1.97 Billion | 6.67% | 0.53x | $618.00 Million |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $365.38 Million | 8.27% | 1.19x | $255.46 Million |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $2.29 Billion | 0.61% | 3.95x | $785.66 Million |
| Jilin Power Share Co Ltd (000875) | $19.94 Billion | 3.38% | 2.59x | $2.26 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $1.50 Billion | 2.89% | 0.15x | $515.88 Million |
| SPIC Dongfang New Energy Corp (000958) | $1.14 Billion | -0.30% | 1.72x | $1.05 Billion |
| CHN Energy Changyuan Electric Power Co Ltd (000966) | $3.44 Billion | 27.68% | 1.79x | $773.00 Million |