Guangdong Meiyan Jixiang Hydropower Co Ltd (600868) - Net Assets
Based on the latest financial reports, Guangdong Meiyan Jixiang Hydropower Co Ltd (600868) has net assets worth CN¥1.89 Billion CNY (≈ $276.72 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¥2.81 Billion ≈ $410.90 Million USD) and total liabilities (CN¥916.96 Million ≈ $134.18 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 600868 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.89 Billion |
| % of Total Assets | 67.35% |
| Annual Growth Rate | 6.16% |
| 5-Year Change | -23.78% |
| 10-Year Change | -18.05% |
| Growth Volatility | 22.91 |
Guangdong Meiyan Jixiang Hydropower Co Ltd - Net Assets Trend (1994–2025)
This chart illustrates how Guangdong Meiyan Jixiang Hydropower Co Ltd's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Guangdong Meiyan Jixiang Hydropower Co L to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Guangdong Meiyan Jixiang Hydropower Co Ltd (1994–2025)
The table below shows the annual net assets of Guangdong Meiyan Jixiang Hydropower Co Ltd from 1994 to 2025. For live valuation and market cap data, see 600868 market cap.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.84 Billion ≈ $269.34 Million |
-16.46% |
| 2024-12-31 | CN¥2.20 Billion ≈ $322.43 Million |
-6.61% |
| 2023-12-31 | CN¥2.36 Billion ≈ $345.26 Million |
-5.13% |
| 2022-12-31 | CN¥2.49 Billion ≈ $363.93 Million |
+2.99% |
| 2021-12-31 | CN¥2.41 Billion ≈ $353.37 Million |
+1.45% |
| 2020-12-31 | CN¥2.38 Billion ≈ $348.30 Million |
+0.74% |
| 2019-12-31 | CN¥2.36 Billion ≈ $345.74 Million |
+2.30% |
| 2018-12-31 | CN¥2.31 Billion ≈ $337.98 Million |
-0.49% |
| 2017-12-31 | CN¥2.32 Billion ≈ $339.63 Million |
+3.33% |
| 2016-12-31 | CN¥2.25 Billion ≈ $328.67 Million |
+3.53% |
| 2015-12-31 | CN¥2.17 Billion ≈ $317.45 Million |
+0.59% |
| 2014-12-31 | CN¥2.16 Billion ≈ $315.59 Million |
-5.34% |
| 2013-12-31 | CN¥2.28 Billion ≈ $333.40 Million |
+1.08% |
| 2012-12-31 | CN¥2.25 Billion ≈ $329.83 Million |
+1.54% |
| 2011-12-31 | CN¥2.22 Billion ≈ $324.84 Million |
+0.70% |
| 2010-12-31 | CN¥2.20 Billion ≈ $322.58 Million |
+5.40% |
| 2009-12-31 | CN¥2.09 Billion ≈ $306.05 Million |
-3.75% |
| 2008-12-31 | CN¥2.17 Billion ≈ $317.99 Million |
-1.93% |
| 2007-12-31 | CN¥2.22 Billion ≈ $324.24 Million |
-5.27% |
| 2006-12-31 | CN¥2.34 Billion ≈ $342.29 Million |
-23.59% |
| 2005-12-31 | CN¥3.06 Billion ≈ $447.99 Million |
-2.06% |
| 2004-12-31 | CN¥3.13 Billion ≈ $457.43 Million |
+4.35% |
| 2003-12-31 | CN¥3.00 Billion ≈ $438.35 Million |
+8.42% |
| 2002-12-31 | CN¥2.76 Billion ≈ $404.31 Million |
+5.64% |
| 2001-12-31 | CN¥2.62 Billion ≈ $382.72 Million |
+52.62% |
| 2000-12-31 | CN¥1.71 Billion ≈ $250.77 Million |
+14.08% |
| 1999-12-31 | CN¥1.50 Billion ≈ $219.82 Million |
+13.85% |
| 1998-12-31 | CN¥1.32 Billion ≈ $193.08 Million |
+97.73% |
| 1997-12-31 | CN¥667.31 Million ≈ $97.65 Million |
+28.56% |
| 1996-12-31 | CN¥519.05 Million ≈ $75.95 Million |
+58.42% |
| 1995-12-31 | CN¥327.64 Million ≈ $47.94 Million |
+13.67% |
| 1994-12-31 | CN¥288.23 Million ≈ $42.18 Million |
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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 660.4% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Other Components | CN¥2.14 Billion | 114.52% |
| Total Equity | CN¥1.87 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 |
|---|---|
|
Baskent Dogalgaz Dagitim Gayrimenkul Yatirim Ortakligi AS
IS:BASGZ
|
$802.72 Million |
|
Annexon Inc
NASDAQ:ANNX
|
$802.83 Million |
|
KSL Holdings Bhd
KLSE:5038
|
$803.11 Million |
|
RHOEN-KLINIK.UNSP.ADR 1/2
F:RHKU
|
$803.26 Million |
|
Bain Capital Specialty Finance Inc
NYSE:BCSF
|
$802.42 Million |
|
Dynamatic Technologies Limited
NSE:DYNAMATECH
|
$802.26 Million |
|
Marimaca Copper Corp.
AU:MC2
|
$802.26 Million |
|
United Overseas Australia Ltd
AU:UOS
|
$802.24 Million |
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 2024 to 2025, total equity changed from 2,166,691,755 to 1,872,438,392, a change of -294,253,363 (-13.6%).
- Net loss of 97,090,048 reduced equity.
- Dividend payments of 17,518,745 reduced retained earnings.
- Other comprehensive income decreased equity by 74,190,131.
- Other factors decreased equity by 105,454,439.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥-97.09 Million | -5.19% |
| Dividends Paid | CN¥17.52 Million | -0.94% |
| Other Comprehensive Income | CN¥-74.19 Million | -3.96% |
| Other Changes | CN¥-105.45 Million | -5.63% |
| Total Change | CN¥- | -13.58% |
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: 2.93x
- 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 19.03x to 2.93x 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¥2.89 | x |
| 1995-12-31 | CN¥0.17 | CN¥2.89 | x |
| 1996-12-31 | CN¥0.27 | CN¥2.89 | x |
| 1997-12-31 | CN¥0.35 | CN¥2.89 | x |
| 1998-12-31 | CN¥0.69 | CN¥2.89 | x |
| 1999-12-31 | CN¥0.79 | CN¥2.89 | x |
| 2000-12-31 | CN¥0.86 | CN¥2.89 | x |
| 2001-12-31 | CN¥1.33 | CN¥2.89 | x |
| 2002-12-31 | CN¥2.01 | CN¥2.89 | x |
| 2003-12-31 | CN¥2.14 | CN¥2.89 | x |
| 2004-12-31 | CN¥2.20 | CN¥2.89 | x |
| 2005-12-31 | CN¥2.17 | CN¥2.89 | x |
| 2006-12-31 | CN¥1.10 | CN¥2.89 | x |
| 2007-12-31 | CN¥1.04 | CN¥2.89 | x |
| 2008-12-31 | CN¥1.01 | CN¥2.89 | x |
| 2009-12-31 | CN¥0.95 | CN¥2.89 | x |
| 2010-12-31 | CN¥1.13 | CN¥2.89 | x |
| 2011-12-31 | CN¥1.12 | CN¥2.89 | x |
| 2012-12-31 | CN¥1.14 | CN¥2.89 | x |
| 2013-12-31 | CN¥1.16 | CN¥2.89 | x |
| 2014-12-31 | CN¥1.12 | CN¥2.89 | x |
| 2015-12-31 | CN¥1.13 | CN¥2.89 | x |
| 2016-12-31 | CN¥1.17 | CN¥2.89 | x |
| 2017-12-31 | CN¥1.21 | CN¥2.89 | x |
| 2018-12-31 | CN¥1.20 | CN¥2.89 | x |
| 2019-12-31 | CN¥1.23 | CN¥2.89 | x |
| 2020-12-31 | CN¥1.24 | CN¥2.89 | x |
| 2021-12-31 | CN¥1.23 | CN¥2.89 | x |
| 2022-12-31 | CN¥1.27 | CN¥2.89 | x |
| 2023-12-31 | CN¥1.20 | CN¥2.89 | x |
| 2024-12-31 | CN¥1.15 | CN¥2.89 | x |
| 2025-12-31 | CN¥0.99 | CN¥2.89 | 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): -5.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: -26.28%
- • Asset Turnover: 0.13x
- • Equity Multiplier: 1.47x
- Recent ROE (-5.19%) is below the historical average (3.46%), 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 | 0.38% | 2.58% | 0.13x | 1.18x | CN¥-226.08 Million |
| 2022 | 2.45% | 12.17% | 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 |
| 2025 | -5.19% | -26.28% | 0.13x | 1.47x | CN¥-284.33 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: $5,766,657,937
- Average return on equity (ROE) among peers: 8.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Guangdong Meiyan Jixiang Hydropower Co Ltd (600868) | CN¥1.89 Billion | 16.83% | 0.48x | $802.72 Million |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $1.30 Billion | 0.90% | 0.82x | $106.61 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $9.66 Billion | 21.74% | 6.52x | $2.45 Billion |
| Guangdong Electric Power Development Co Ltd (000539) | $33.91 Billion | 2.87% | 3.75x | $4.82 Billion |
| CECEP Solar Energy Co Ltd (000591) | $404.52 Million | 4.64% | 3.80x | $2.74 Billion |
| GEPIC Energy Development Co Ltd (000791) | $358.82 Million | 7.17% | 0.51x | $4.08 Billion |
| Tieling Newcity Investment Holding Ltd (000809) | $139.53 Million | 5.05% | 0.46x | $444.15 Million |
| Hubei Energy Group Co Ltd (000883) | $9.29 Billion | 11.16% | 2.05x | $4.40 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.49 Billion | 6.07% | 0.67x | $729.10 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $547.07 Million | 14.03% | 12.69x | $911.25 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $561.75 Million | 7.51% | 1.18x | $1.17 Billion |
About Guangdong Meiyan Jixiang Hydropower Co Ltd
Guangdong Meiyanjixiang Hydropower Co.,Ltd. generates hydroelectric power in China. The company is involved in real estate development and operation; manufacturing; and other related businesses; investment activities using own funds; wholesale and retail of commercial materials; energy performance contracting; and construction engineering. It also provides surveying and mapping services; geograph… Read more