GD Power Development Co Ltd (600795) - Net Assets
Based on the latest financial reports, GD Power Development Co Ltd (600795) has net assets worth CN¥140.98 Billion CNY (≈ $20.63 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¥522.35 Billion ≈ $76.44 Billion USD) and total liabilities (CN¥381.37 Billion ≈ $55.81 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 GD Power Development Co Ltd (600795) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥140.98 Billion |
| % of Total Assets | 26.99% |
| Annual Growth Rate | 27.22% |
| 5-Year Change | 24.23% |
| 10-Year Change | 86.21% |
| Growth Volatility | 128.61 |
GD Power Development Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how GD Power Development Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can GD Power Development Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for GD Power Development Co Ltd (1994–2025)
The table below shows the annual net assets of GD Power Development Co Ltd from 1994 to 2025. For live valuation and market cap data, see 600795 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥138.11 Billion ≈ $20.21 Billion |
+5.14% |
| 2024-12-31 | CN¥131.36 Billion ≈ $19.22 Billion |
+10.00% |
| 2023-12-31 | CN¥119.43 Billion ≈ $17.48 Billion |
+8.30% |
| 2022-12-31 | CN¥110.27 Billion ≈ $16.14 Billion |
-0.81% |
| 2021-12-31 | CN¥111.17 Billion ≈ $16.27 Billion |
-6.21% |
| 2020-12-31 | CN¥118.54 Billion ≈ $17.35 Billion |
+1.62% |
| 2019-12-31 | CN¥116.65 Billion ≈ $17.07 Billion |
+63.64% |
| 2018-12-31 | CN¥71.28 Billion ≈ $10.43 Billion |
-1.89% |
| 2017-12-31 | CN¥72.66 Billion ≈ $10.63 Billion |
-2.04% |
| 2016-12-31 | CN¥74.17 Billion ≈ $10.85 Billion |
+6.68% |
| 2015-12-31 | CN¥69.52 Billion ≈ $10.17 Billion |
+5.71% |
| 2014-12-31 | CN¥65.77 Billion ≈ $9.62 Billion |
+12.02% |
| 2013-12-31 | CN¥58.71 Billion ≈ $8.59 Billion |
+14.21% |
| 2012-12-31 | CN¥51.40 Billion ≈ $7.52 Billion |
+27.72% |
| 2011-12-31 | CN¥40.25 Billion ≈ $5.89 Billion |
+10.14% |
| 2010-12-31 | CN¥36.54 Billion ≈ $5.35 Billion |
+52.41% |
| 2009-12-31 | CN¥23.97 Billion ≈ $3.51 Billion |
+23.02% |
| 2008-12-31 | CN¥19.49 Billion ≈ $2.85 Billion |
-1.16% |
| 2007-12-31 | CN¥19.72 Billion ≈ $2.89 Billion |
+42.72% |
| 2006-12-31 | CN¥13.82 Billion ≈ $2.02 Billion |
+23.14% |
| 2005-12-31 | CN¥11.22 Billion ≈ $1.64 Billion |
+11.34% |
| 2004-12-31 | CN¥10.08 Billion ≈ $1.47 Billion |
+29.98% |
| 2003-12-31 | CN¥7.75 Billion ≈ $1.13 Billion |
+22.10% |
| 2002-12-31 | CN¥6.35 Billion ≈ $929.06 Million |
+21.34% |
| 2001-12-31 | CN¥5.23 Billion ≈ $765.68 Million |
+6.91% |
| 2000-12-31 | CN¥4.89 Billion ≈ $716.20 Million |
+736.93% |
| 1999-12-31 | CN¥584.80 Million ≈ $85.57 Million |
+84.58% |
| 1998-12-31 | CN¥316.82 Million ≈ $46.36 Million |
+73.82% |
| 1997-12-31 | CN¥182.27 Million ≈ $26.67 Million |
+69.27% |
| 1996-12-31 | CN¥107.68 Million ≈ $15.76 Million |
+29.98% |
| 1995-12-31 | CN¥82.84 Million ≈ $12.12 Million |
+4.54% |
| 1994-12-31 | CN¥79.24 Million ≈ $11.60 Million |
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Equity Component Analysis
This analysis shows how different components contribute to GD Power Development 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 1847729.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥32.01 Billion | 53.83% |
| Other Components | CN¥27.46 Billion | 46.17% |
| Total Equity | CN¥59.47 Billion | 100.00% |
GD Power Development Co Ltd Competitors by Market Cap
The table below lists competitors of GD Power Development Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Investment AB Latour (publ)
ST:LATO-B
|
$12.38 Billion |
|
Gfl Environmental Holdings Inc
TO:GFL
|
$12.39 Billion |
|
ENKA Insaat ve Sanayi AS
IS:ENKAI
|
$12.40 Billion |
|
WILMAR INTL ADR/10 SD-50
F:RTH
|
$12.42 Billion |
|
GAIL (India) Limited
NSE:GAIL
|
$12.37 Billion |
|
Julius Baer Gruppe AG
SW:BAER
|
$12.36 Billion |
|
iA Financial Corporation Inc
TO:IAG
|
$12.35 Billion |
|
ZTO Express (Cayman) Inc
NYSE:ZTO
|
$12.34 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in GD Power Development Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 56,034,217,000 to 59,470,723,148, a change of 3,436,506,148 (6.1%).
- Net income of 7,161,419,063 contributed positively to equity growth.
- Dividend payments of 10,626,980,602 reduced retained earnings.
- Other comprehensive income decreased equity by 9,117,778,000.
- Other factors increased equity by 16,019,845,687.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥7.16 Billion | +12.04% |
| Dividends Paid | CN¥10.63 Billion | -17.87% |
| Other Comprehensive Income | CN¥-9.12 Billion | -15.33% |
| Other Changes | CN¥16.02 Billion | +26.94% |
| Total Change | CN¥- | 6.13% |
Book Value vs Market Value Analysis
This analysis compares GD Power Development 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: 1.42x
- 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 551.52x to 1.42x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 1994-12-31 | CN¥0.01 | CN¥4.74 | x |
| 1995-12-31 | CN¥0.01 | CN¥4.74 | x |
| 1996-12-31 | CN¥0.01 | CN¥4.74 | x |
| 1997-12-31 | CN¥0.02 | CN¥4.74 | x |
| 1998-12-31 | CN¥0.03 | CN¥4.74 | x |
| 1999-12-31 | CN¥0.06 | CN¥4.74 | x |
| 2000-12-31 | CN¥0.44 | CN¥4.74 | x |
| 2001-12-31 | CN¥0.46 | CN¥4.74 | x |
| 2002-12-31 | CN¥0.51 | CN¥4.74 | x |
| 2003-12-31 | CN¥0.59 | CN¥4.74 | x |
| 2004-12-31 | CN¥0.72 | CN¥4.74 | x |
| 2005-12-31 | CN¥0.81 | CN¥4.74 | x |
| 2006-12-31 | CN¥0.93 | CN¥4.74 | x |
| 2007-12-31 | CN¥1.30 | CN¥4.74 | x |
| 2008-12-31 | CN¥1.29 | CN¥4.74 | x |
| 2009-12-31 | CN¥1.27 | CN¥4.74 | x |
| 2010-12-31 | CN¥2.13 | CN¥4.74 | x |
| 2011-12-31 | CN¥1.78 | CN¥4.74 | x |
| 2012-12-31 | CN¥2.06 | CN¥4.74 | x |
| 2013-12-31 | CN¥2.14 | CN¥4.74 | x |
| 2014-12-31 | CN¥2.63 | CN¥4.74 | x |
| 2015-12-31 | CN¥2.49 | CN¥4.74 | x |
| 2016-12-31 | CN¥2.55 | CN¥4.74 | x |
| 2017-12-31 | CN¥2.43 | CN¥4.74 | x |
| 2018-12-31 | CN¥2.30 | CN¥4.74 | x |
| 2019-12-31 | CN¥2.74 | CN¥4.74 | x |
| 2020-12-31 | CN¥2.88 | CN¥4.74 | x |
| 2021-12-31 | CN¥2.57 | CN¥4.74 | x |
| 2022-12-31 | CN¥2.53 | CN¥4.74 | x |
| 2023-12-31 | CN¥2.73 | CN¥4.74 | x |
| 2024-12-31 | CN¥3.14 | CN¥4.74 | x |
| 2025-12-31 | CN¥3.33 | CN¥4.74 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently GD Power Development 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): 12.04%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.21%
- • Asset Turnover: 0.33x
- • Equity Multiplier: 8.75x
- Recent ROE (12.04%) is below the historical average (14.24%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 1994 | 26.14% | 18.55% | 0.55x | 2.56x | CN¥12.79 Million |
| 1995 | 25.47% | 18.49% | 0.43x | 3.18x | CN¥12.81 Million |
| 1996 | 23.07% | 20.51% | 0.54x | 2.10x | CN¥14.07 Million |
| 1997 | 40.92% | 36.22% | 0.55x | 2.07x | CN¥56.36 Million |
| 1998 | 43.30% | 50.31% | 0.75x | 1.15x | CN¥105.52 Million |
| 1999 | 37.66% | 32.15% | 0.84x | 1.39x | CN¥161.77 Million |
| 2000 | 6.91% | 20.03% | 0.17x | 2.09x | CN¥-125.89 Million |
| 2001 | 12.91% | 18.83% | 0.33x | 2.08x | CN¥124.58 Million |
| 2002 | 11.42% | 15.18% | 0.20x | 3.74x | CN¥67.40 Million |
| 2003 | 12.47% | 13.93% | 0.21x | 4.20x | CN¥133.58 Million |
| 2004 | 12.56% | 10.80% | 0.25x | 4.72x | CN¥170.69 Million |
| 2005 | 12.50% | 8.52% | 0.30x | 4.85x | CN¥185.99 Million |
| 2006 | 12.75% | 9.01% | 0.31x | 4.62x | CN¥257.35 Million |
| 2007 | 12.75% | 9.79% | 0.29x | 4.44x | CN¥368.83 Million |
| 2008 | 1.26% | 1.10% | 0.24x | 4.85x | CN¥-1.24 Billion |
| 2009 | 15.92% | 7.35% | 0.38x | 5.72x | CN¥928.59 Million |
| 2010 | 9.69% | 5.89% | 0.27x | 6.06x | CN¥-76.07 Million |
| 2011 | 13.32% | 7.26% | 0.28x | 6.65x | CN¥909.60 Million |
| 2012 | 14.87% | 8.32% | 0.30x | 5.99x | CN¥1.69 Billion |
| 2013 | 16.39% | 9.47% | 0.28x | 6.28x | CN¥2.45 Billion |
| 2014 | 12.88% | 9.83% | 0.25x | 5.22x | CN¥1.36 Billion |
| 2015 | 8.92% | 7.92% | 0.23x | 4.97x | CN¥-546.05 Million |
| 2016 | 9.09% | 8.09% | 0.22x | 5.21x | CN¥-474.76 Million |
| 2017 | 4.32% | 3.72% | 0.22x | 5.32x | CN¥-2.93 Billion |
| 2018 | 3.17% | 1.49% | 0.40x | 5.37x | CN¥-3.47 Billion |
| 2019 | 3.23% | 1.50% | 0.32x | 6.77x | CN¥-3.65 Billion |
| 2020 | 8.22% | 3.02% | 0.40x | 6.75x | CN¥-942.84 Million |
| 2021 | -3.78% | -1.03% | 0.42x | 8.69x | CN¥-6.31 Billion |
| 2022 | 6.26% | 1.45% | 0.47x | 9.16x | CN¥-1.68 Billion |
| 2023 | 11.50% | 3.10% | 0.40x | 9.39x | CN¥732.36 Million |
| 2024 | 17.54% | 5.49% | 0.36x | 8.81x | CN¥4.23 Billion |
| 2025 | 12.04% | 4.21% | 0.33x | 8.75x | CN¥1.21 Billion |
Industry Comparison
This section compares GD Power Development Co Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $3,510,924,935
- Average return on equity (ROE) among peers: 6.14%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| GD Power Development Co Ltd (600795) | CN¥140.98 Billion | 26.14% | 2.71x | $12.37 Billion |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $1.04 Billion | 6.21% | 1.76x | $106.61 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $295.86 Million | 10.16% | 0.66x | $2.45 Billion |
| Guangdong Electric Power Development Co Ltd (000539) | $5.38 Billion | 11.18% | 0.27x | $4.82 Billion |
| CECEP Solar Energy Co Ltd (000591) | $11.52 Billion | 5.67% | 1.58x | $2.74 Billion |
| GEPIC Energy Development Co Ltd (000791) | $74.29 Million | 34.35% | 0.84x | $4.08 Billion |
| Tieling Newcity Investment Holding Ltd (000809) | $229.71 Million | 10.36% | 0.84x | $444.15 Million |
| Hubei Energy Group Co Ltd (000883) | $13.60 Billion | 4.92% | 1.36x | $4.40 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.64 Billion | 3.43% | 1.19x | $729.10 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $71.25 Million | 15.09% | 3.68x | $911.25 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $1.25 Billion | -39.99% | 0.68x | $1.17 Billion |
About GD Power Development Co Ltd
GD Power Development Co.,Ltd operates as a power generation company in China. It operates through four segments: Thermal Power Generation, Hydropower Generation, New Energy Power Generation, and Other Segments. Its total installed capacity is approximately 3.89 billion kilowatts. GD Power Development Co.,Ltd was founded in 1992 and is headquartered in Beijing, China. GD Power Development Co.,Ltd … Read more