Guangdong Meiyan Jixiang Hydropower Co Ltd (600868) - Net Assets

Latest as of September 2025: CN¥1.95 Billion CNY ≈ $285.79 Million USD

Based on the latest financial reports, Guangdong Meiyan Jixiang Hydropower Co Ltd (600868) has net assets worth CN¥1.95 Billion CNY (≈ $285.79 Million USD) 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 ≈ $420.46 Million USD) and total liabilities (CN¥920.30 Million ≈ $134.67 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 Guangdong Meiyan Jixiang Hydropower Co L liquid asset ratio to evaluate the company's liquid asset resilience ratio.

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. Also explore Guangdong Meiyan Jixiang Hydropower Co L (600868) total assets for the complete picture of this company's asset base.

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. For live valuation and market cap data, see 600868 market cap.

Year Net Assets Change
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		 --

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
TAG Colonia-Immobilien AG
HM:KBU
 $947.61 Million
Guangdong Hotata Technology Group Co Ltd Class A
SHG:603848
 $948.04 Million
Zhejiang Mtcn Technology Co Ltd
SHE:003026
 $948.18 Million
Systex Corp
TW:6214
 $948.31 Million
Xian Peri Power Semiconductor Cond
SHE:300831
 $946.82 Million
Criteo Sa
NASDAQ:CRTO
 $946.82 Million
Guangdong Enpack Packaging Co Ltd
SHE:002846
 $946.46 Million
Beijing Sun Novo Pharmaceutical Research Co Ltd
SHG:688621
 $945.32 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 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: 2.98x
  • 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 22.46x to 2.98x 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¥3.41 x
1995-12-31 CN¥0.17 CN¥3.41 x
1996-12-31 CN¥0.27 CN¥3.41 x
1997-12-31 CN¥0.35 CN¥3.41 x
1998-12-31 CN¥0.69 CN¥3.41 x
1999-12-31 CN¥0.79 CN¥3.41 x
2000-12-31 CN¥0.86 CN¥3.41 x
2001-12-31 CN¥1.33 CN¥3.41 x
2002-12-31 CN¥2.01 CN¥3.41 x
2003-12-31 CN¥2.14 CN¥3.41 x
2004-12-31 CN¥2.20 CN¥3.41 x
2005-12-31 CN¥2.17 CN¥3.41 x
2006-12-31 CN¥1.10 CN¥3.41 x
2007-12-31 CN¥1.04 CN¥3.41 x
2008-12-31 CN¥1.01 CN¥3.41 x
2009-12-31 CN¥0.95 CN¥3.41 x
2010-12-31 CN¥1.13 CN¥3.41 x
2011-12-31 CN¥1.12 CN¥3.41 x
2012-12-31 CN¥1.15 CN¥3.41 x
2013-12-31 CN¥1.16 CN¥3.41 x
2014-12-31 CN¥1.12 CN¥3.41 x
2015-12-31 CN¥1.13 CN¥3.41 x
2016-12-31 CN¥1.17 CN¥3.41 x
2017-12-31 CN¥1.21 CN¥3.41 x
2018-12-31 CN¥1.20 CN¥3.41 x
2019-12-31 CN¥1.23 CN¥3.41 x
2020-12-31 CN¥1.24 CN¥3.41 x
2021-12-31 CN¥1.24 CN¥3.41 x
2022-12-31 CN¥1.27 CN¥3.41 x
2023-12-31 CN¥1.20 CN¥3.41 x
2024-12-31 CN¥1.15 CN¥3.41 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: $5,875,853,465
  • Average return on equity (ROE) among peers: 6.55%

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 $947.16 Million
Tunghsu Azure Renewable Energy Co Ltd (000040) $1.12 Billion 6.89% 0.99x $106.61 Million
Tianjin Guangyu Development Co Ltd (000537) $390.61 Million 23.63% 0.58x $2.99 Billion
Guangdong Electric Power Development Co Ltd (000539) $13.08 Billion 5.85% 1.64x $4.25 Billion
CECEP Solar Energy Co Ltd (000591) $118.20 Million 8.66% 2.32x $2.87 Billion
GEPIC Energy Development Co Ltd (000791) $8.09 Billion 3.22% 1.20x $3.83 Billion
Tieling Newcity Investment Holding Ltd (000809) $3.24 Billion -5.53% 0.94x $455.01 Million
Hubei Energy Group Co Ltd (000883) $28.19 Billion 7.71% 0.64x $4.61 Billion
Fujian MinDong Electric Power Co Ltd (000993) $2.06 Billion 5.13% 0.85x $820.24 Million
Shenzhen Feima International Supply Chain Co Ltd (002210) $148.08 Million 3.32% 6.54x $1.16 Billion
Shenzhen Sunrise New Energy Co Ltd (002256) $2.32 Billion 6.62% 0.66x $1.34 Billion

About Guangdong Meiyan Jixiang Hydropower Co Ltd

SHG:600868 China Utilities - Renewable
Market Cap
$947.16 Million
CN¥6.47 Billion CNY
Market Cap Rank
#9339 Global
#2542 in China
Share Price
CN¥3.41
Change (1 day)
+1.19%
52-Week Range
CN¥2.69 - CN¥5.18
All Time High
CN¥9.52
Categories
Companies in China Utilities - Renewable
About

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