Guangdong Meiyan Jixiang Hydropower Co Ltd
Guangdong Meiyanjixiang Hydropower Co.,Ltd. generates hydroelectric power in China. The company operates hydropower stations; and is involved in geographical surveying and mapping information business. It also provides information system integration, urban planning and design, national land space planning compilation, data processing and storage support, and geographic remote sensing information … Read more
Guangdong Meiyan Jixiang Hydropower Co Ltd (600868) - Net Assets
Latest net assets as of September 2025: CN¥1.95 Billion CNY
Based on the latest financial reports, Guangdong Meiyan Jixiang Hydropower Co Ltd (600868) has net assets worth CN¥1.95 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¥2.87 Billion) and total liabilities (CN¥920.30 Million). 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¥1.95 Billion |
| % of Total Assets | 67.97% |
| Annual Growth Rate | 7.01% |
| 5-Year Change | -7.43% |
| 10-Year Change | 1.57% |
| Growth Volatility | 22.84 |
Guangdong Meiyan Jixiang Hydropower Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how Guangdong Meiyan Jixiang Hydropower 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 Guangdong Meiyan Jixiang Hydropower Co Ltd (1994–2024)
The table below shows the annual net assets of Guangdong Meiyan Jixiang Hydropower Co Ltd from 1994 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.20 Billion | -6.61% |
| 2023-12-31 | CN¥2.36 Billion | -5.13% |
| 2022-12-31 | CN¥2.49 Billion | +2.99% |
| 2021-12-31 | CN¥2.41 Billion | +1.45% |
| 2020-12-31 | CN¥2.38 Billion | +0.74% |
| 2019-12-31 | CN¥2.36 Billion | +2.30% |
| 2018-12-31 | CN¥2.31 Billion | -0.49% |
| 2017-12-31 | CN¥2.32 Billion | +3.33% |
| 2016-12-31 | CN¥2.25 Billion | +3.53% |
| 2015-12-31 | CN¥2.17 Billion | +0.59% |
| 2014-12-31 | CN¥2.16 Billion | -5.34% |
| 2013-12-31 | CN¥2.28 Billion | +1.08% |
| 2012-12-31 | CN¥2.25 Billion | +1.54% |
| 2011-12-31 | CN¥2.22 Billion | +0.70% |
| 2010-12-31 | CN¥2.20 Billion | +5.40% |
| 2009-12-31 | CN¥2.09 Billion | -3.75% |
| 2008-12-31 | CN¥2.17 Billion | -1.93% |
| 2007-12-31 | CN¥2.22 Billion | -5.27% |
| 2006-12-31 | CN¥2.34 Billion | -23.59% |
| 2005-12-31 | CN¥3.06 Billion | -2.06% |
| 2004-12-31 | CN¥3.13 Billion | +4.35% |
| 2003-12-31 | CN¥3.00 Billion | +8.42% |
| 2002-12-31 | CN¥2.76 Billion | +5.64% |
| 2001-12-31 | CN¥2.62 Billion | +52.62% |
| 2000-12-31 | CN¥1.71 Billion | +14.08% |
| 1999-12-31 | CN¥1.50 Billion | +13.85% |
| 1998-12-31 | CN¥1.32 Billion | +97.73% |
| 1997-12-31 | CN¥667.31 Million | +28.56% |
| 1996-12-31 | CN¥519.05 Million | +58.42% |
| 1995-12-31 | CN¥327.64 Million | +13.67% |
| 1994-12-31 | CN¥288.23 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Guangdong Meiyan Jixiang Hydropower 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 460.3% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | CN¥1.90 Billion | 87.61% |
| Other Comprehensive Income | CN¥74.19 Million | 3.42% |
| Other Components | CN¥369.16 Million | 17.04% |
| Total Equity | CN¥2.17 Billion | 100.00% |
Guangdong Meiyan Jixiang Hydropower Co Ltd Competitors by Market Cap
The table below lists competitors of Guangdong Meiyan Jixiang Hydropower Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Chongqing Chuanyi Automation Co Ltd
SHG:603100
|
$1.01 Billion |
|
SAI LIFE SCIENCES LTD
NSE:SAILIFE
|
$1.01 Billion |
|
China Jinmao Holdings Group Limited
PINK:CJNHF
|
$1.01 Billion |
|
TIZA Information Industry Corporation Inc
SHE:300209
|
$1.01 Billion |
|
Aehr Test Systems
NASDAQ:AEHR
|
$1.01 Billion |
|
BioArctic AB (publ)
PINK:BRCTF
|
$1.01 Billion |
|
WT Microelectronics Co. Ltd. Pfd.
TW:3036A
|
$1.01 Billion |
|
Sundram Fasteners Limited
NSE:SUNDRMFAST
|
$1.01 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Guangdong Meiyan Jixiang Hydropower Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,288,294,545 to 2,166,691,755, a change of -121,602,790 (-5.3%).
- Net loss of 82,818,535 reduced equity.
- Dividend payments of 8,106,467 reduced retained earnings.
- Share repurchases of 40,346,288 reduced equity.
- Other comprehensive income increased equity by 1,562,034.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-82.82 Million | -3.82% |
| Dividends Paid | CN¥8.11 Million | -0.37% |
| Share Repurchases | CN¥40.35 Million | -1.86% |
| Other Comprehensive Income | CN¥1.56 Million | +0.07% |
| Other Changes | CN¥8.11 Million | +0.37% |
| Total Change | CN¥- | -5.31% |
Book Value vs Market Value Analysis
This analysis compares Guangdong Meiyan Jixiang Hydropower 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: 3.63x
- 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 27.39x to 3.63x 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¥0.15 | CN¥4.16 | x |
| 1995-12-31 | CN¥0.17 | CN¥4.16 | x |
| 1996-12-31 | CN¥0.27 | CN¥4.16 | x |
| 1997-12-31 | CN¥0.35 | CN¥4.16 | x |
| 1998-12-31 | CN¥0.69 | CN¥4.16 | x |
| 1999-12-31 | CN¥0.79 | CN¥4.16 | x |
| 2000-12-31 | CN¥0.86 | CN¥4.16 | x |
| 2001-12-31 | CN¥1.33 | CN¥4.16 | x |
| 2002-12-31 | CN¥2.01 | CN¥4.16 | x |
| 2003-12-31 | CN¥2.14 | CN¥4.16 | x |
| 2004-12-31 | CN¥2.20 | CN¥4.16 | x |
| 2005-12-31 | CN¥2.17 | CN¥4.16 | x |
| 2006-12-31 | CN¥1.10 | CN¥4.16 | x |
| 2007-12-31 | CN¥1.04 | CN¥4.16 | x |
| 2008-12-31 | CN¥1.01 | CN¥4.16 | x |
| 2009-12-31 | CN¥0.95 | CN¥4.16 | x |
| 2010-12-31 | CN¥1.13 | CN¥4.16 | x |
| 2011-12-31 | CN¥1.12 | CN¥4.16 | x |
| 2012-12-31 | CN¥1.15 | CN¥4.16 | x |
| 2013-12-31 | CN¥1.16 | CN¥4.16 | x |
| 2014-12-31 | CN¥1.12 | CN¥4.16 | x |
| 2015-12-31 | CN¥1.13 | CN¥4.16 | x |
| 2016-12-31 | CN¥1.17 | CN¥4.16 | x |
| 2017-12-31 | CN¥1.21 | CN¥4.16 | x |
| 2018-12-31 | CN¥1.20 | CN¥4.16 | x |
| 2019-12-31 | CN¥1.23 | CN¥4.16 | x |
| 2020-12-31 | CN¥1.24 | CN¥4.16 | x |
| 2021-12-31 | CN¥1.24 | CN¥4.16 | x |
| 2022-12-31 | CN¥1.27 | CN¥4.16 | x |
| 2023-12-31 | CN¥1.20 | CN¥4.16 | x |
| 2024-12-31 | CN¥1.15 | CN¥4.16 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Guangdong Meiyan Jixiang Hydropower 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): -3.82%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -23.18%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 1.34x
- Recent ROE (-3.82%) is below the historical average (3.77%), 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 | 16.83% | 24.48% | 0.52x | 1.32x | CN¥19.70 Million |
| 1995 | 16.83% | 26.32% | 0.41x | 1.57x | CN¥22.38 Million |
| 1996 | 14.72% | 28.59% | 0.41x | 1.25x | CN¥24.49 Million |
| 1997 | 21.44% | 40.44% | 0.43x | 1.23x | CN¥75.59 Million |
| 1998 | 13.73% | 38.33% | 0.30x | 1.20x | CN¥48.94 Million |
| 1999 | 12.41% | 34.21% | 0.28x | 1.27x | CN¥36.08 Million |
| 2000 | 11.08% | 30.49% | 0.24x | 1.49x | CN¥17.67 Million |
| 2001 | 6.69% | 25.39% | 0.18x | 1.50x | CN¥-83.32 Million |
| 2002 | 6.77% | 17.74% | 0.22x | 1.73x | CN¥-83.19 Million |
| 2003 | 6.40% | 14.14% | 0.21x | 2.16x | CN¥-99.15 Million |
| 2004 | 3.41% | 9.59% | 0.12x | 2.89x | CN¥-186.16 Million |
| 2005 | 0.05% | 0.19% | 0.08x | 3.25x | CN¥-277.17 Million |
| 2006 | -33.67% | -95.85% | 0.09x | 3.90x | CN¥-909.11 Million |
| 2007 | -8.16% | -19.99% | 0.10x | 4.10x | CN¥-358.53 Million |
| 2008 | 9.86% | 29.03% | 0.12x | 2.92x | CN¥-2.63 Million |
| 2009 | -3.14% | -12.09% | 0.10x | 2.60x | CN¥-247.71 Million |
| 2010 | 11.51% | 36.96% | 0.17x | 1.87x | CN¥31.79 Million |
| 2011 | 0.46% | 1.51% | 0.18x | 1.70x | CN¥-203.79 Million |
| 2012 | 1.63% | 5.91% | 0.20x | 1.38x | CN¥-181.73 Million |
| 2013 | 1.18% | 5.31% | 0.17x | 1.31x | CN¥-193.89 Million |
| 2014 | -2.56% | -13.63% | 0.15x | 1.28x | CN¥-267.43 Million |
| 2015 | 0.92% | 7.96% | 0.10x | 1.21x | CN¥-195.23 Million |
| 2016 | 3.06% | 18.76% | 0.15x | 1.12x | CN¥-154.80 Million |
| 2017 | 5.05% | 47.95% | 0.10x | 1.04x | CN¥-114.01 Million |
| 2018 | 0.96% | 9.83% | 0.09x | 1.03x | CN¥-206.87 Million |
| 2019 | 2.42% | 19.66% | 0.12x | 1.03x | CN¥-177.11 Million |
| 2020 | 1.46% | 18.83% | 0.08x | 1.02x | CN¥-201.04 Million |
| 2021 | 1.16% | 7.81% | 0.13x | 1.18x | CN¥-207.87 Million |
| 2022 | 2.45% | 11.88% | 0.17x | 1.20x | CN¥-181.48 Million |
| 2023 | -4.38% | -31.97% | 0.11x | 1.21x | CN¥-329.11 Million |
| 2024 | -3.82% | -23.18% | 0.12x | 1.34x | CN¥-299.49 Million |
Industry Comparison
This section compares Guangdong Meiyan Jixiang Hydropower Co Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,781,691,745
- Average return on equity (ROE) among peers: 10.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Meiyan Jixiang Hydropower Co Ltd (600868) | CN¥1.95 Billion | 16.83% | 0.47x | $1.01 Billion |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $867.90 Million | 2.09% | 1.86x | $58.47 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $277.96 Million | 10.57% | 1.45x | $889.49 Million |
| CECEP Solar Energy Co Ltd (000591) | $162.02 Million | 10.48% | 1.97x | $2.20 Billion |
| GEPIC Energy Development Co Ltd (000791) | $7.49 Billion | 5.90% | 1.54x | $765.93 Million |
| Tieling Newcity Investment Holding Ltd (000809) | $3.45 Billion | 20.56% | 0.64x | $269.10 Million |
| Hubei Energy Group Co Ltd (000883) | $730.62 Million | 9.40% | 0.33x | $1.99 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.70 Billion | 3.61% | 1.46x | $406.20 Million |
| Xinjiang Lixin Energy Co. Ltd. A (001258) | $2.92 Billion | 1.72% | 4.24x | $377.98 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $148.08 Million | 3.32% | 6.54x | $718.01 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $65.12 Million | 40.54% | 1.51x | $785.39 Million |