SDIC Power Holdings Co Ltd (600886) - Net Assets
Based on the latest financial reports, SDIC Power Holdings Co Ltd (600886) has net assets worth CN¥116.27 Billion CNY (≈ $17.01 Billion 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¥314.01 Billion ≈ $45.95 Billion USD) and total liabilities (CN¥197.75 Billion ≈ $28.94 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 600886 cash and liquid asset ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥116.27 Billion |
| % of Total Assets | 37.03% |
| Annual Growth Rate | 25.12% |
| 5-Year Change | 25.34% |
| 10-Year Change | 101.42% |
| Growth Volatility | 46.0 |
SDIC Power Holdings Co Ltd - Net Assets Trend (1994–2024)
This chart illustrates how SDIC Power Holdings Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore SDIC Power Holdings Co Ltd total assets for the complete picture of this company's asset base.
Annual Net Assets for SDIC Power Holdings Co Ltd (1994–2024)
The table below shows the annual net assets of SDIC Power Holdings Co Ltd from 1994 to 2024. For live valuation and market cap data, see SDIC Power Holdings Co Ltd market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥103.51 Billion ≈ $15.15 Billion |
+1.36% |
| 2023-12-31 | CN¥102.12 Billion ≈ $14.94 Billion |
+9.07% |
| 2022-12-31 | CN¥93.62 Billion ≈ $13.70 Billion |
+6.32% |
| 2021-12-31 | CN¥88.06 Billion ≈ $12.89 Billion |
+6.63% |
| 2020-12-31 | CN¥82.59 Billion ≈ $12.08 Billion |
+11.01% |
| 2019-12-31 | CN¥74.39 Billion ≈ $10.89 Billion |
+6.00% |
| 2018-12-31 | CN¥70.18 Billion ≈ $10.27 Billion |
+15.61% |
| 2017-12-31 | CN¥60.71 Billion ≈ $8.88 Billion |
+7.03% |
| 2016-12-31 | CN¥56.72 Billion ≈ $8.30 Billion |
+10.37% |
| 2015-12-31 | CN¥51.39 Billion ≈ $7.52 Billion |
+20.31% |
| 2014-12-31 | CN¥42.72 Billion ≈ $6.25 Billion |
+26.63% |
| 2013-12-31 | CN¥33.73 Billion ≈ $4.94 Billion |
+32.39% |
| 2012-12-31 | CN¥25.48 Billion ≈ $3.73 Billion |
+17.13% |
| 2011-12-31 | CN¥21.75 Billion ≈ $3.18 Billion |
+35.27% |
| 2010-12-31 | CN¥16.08 Billion ≈ $2.35 Billion |
-1.71% |
| 2009-12-31 | CN¥16.36 Billion ≈ $2.39 Billion |
+171.48% |
| 2008-12-31 | CN¥6.03 Billion ≈ $881.93 Million |
-6.16% |
| 2007-12-31 | CN¥6.42 Billion ≈ $939.83 Million |
+25.26% |
| 2006-12-31 | CN¥5.13 Billion ≈ $750.28 Million |
+104.71% |
| 2005-12-31 | CN¥2.50 Billion ≈ $366.50 Million |
+4.09% |
| 2004-12-31 | CN¥2.41 Billion ≈ $352.12 Million |
+47.84% |
| 2003-12-31 | CN¥1.63 Billion ≈ $238.18 Million |
+18.23% |
| 2002-12-31 | CN¥1.38 Billion ≈ $201.46 Million |
+59.95% |
| 2001-12-31 | CN¥860.71 Million ≈ $125.95 Million |
-9.76% |
| 2000-12-31 | CN¥953.76 Million ≈ $139.57 Million |
-0.38% |
| 1999-12-31 | CN¥957.38 Million ≈ $140.09 Million |
-5.90% |
| 1998-12-31 | CN¥1.02 Billion ≈ $148.88 Million |
+145.32% |
| 1997-12-31 | CN¥414.73 Million ≈ $60.69 Million |
+53.94% |
| 1996-12-31 | CN¥269.41 Million ≈ $39.42 Million |
+129.52% |
| 1995-12-31 | CN¥117.38 Million ≈ $17.18 Million |
-5.59% |
| 1994-12-31 | CN¥124.33 Million ≈ $18.19 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to SDIC Power Holdings 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 85597.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥33.27 Billion | 59.11% |
| Common Stock | CN¥7.45 Billion | 13.24% |
| Other Comprehensive Income | CN¥4.75 Billion | 8.44% |
| Other Components | CN¥10.81 Billion | 19.20% |
| Total Equity | CN¥56.29 Billion | 100.00% |
SDIC Power Holdings Co Ltd Competitors by Market Cap
The table below lists competitors of SDIC Power Holdings Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Hyundai Motor India Ltd
NSE:HYUNDAI
|
$15.97 Billion |
|
VAT Group AG
SW:VACN
|
$15.99 Billion |
|
BSE Limited
NSE:BSE
|
$15.99 Billion |
|
Power Finance Corporation Limited
NSE:PFC
|
$16.00 Billion |
|
Bank of Ireland Group PLC
IR:BIRG
|
$15.95 Billion |
|
United Microelectronics Corporation
F:UMCB
|
$15.95 Billion |
|
Tenet Healthcare Corporation
NYSE:THC
|
$15.94 Billion |
|
Z HOLDINGS CORP. ADR 2
F:YOJ0
|
$15.94 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in SDIC Power Holdings Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 59,066,528,948 to 56,289,467,000, a change of -2,777,061,948 (-4.7%).
- Net income of 6,643,033,000 contributed positively to equity growth.
- Dividend payments of 8,497,826,000 reduced retained earnings.
- Other comprehensive income increased equity by 600,501,388.
- Other factors decreased equity by 1,522,770,336.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥6.64 Billion | +11.8% |
| Dividends Paid | CN¥8.50 Billion | -15.1% |
| Other Comprehensive Income | CN¥600.50 Million | +1.07% |
| Other Changes | CN¥-1.52 Billion | -2.71% |
| Total Change | CN¥- | -4.70% |
Book Value vs Market Value Analysis
This analysis compares SDIC Power Holdings 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: 1.86x
- 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 232.24x to 1.86x 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¥0.06 | CN¥13.63 | x |
| 1995-12-31 | CN¥0.06 | CN¥13.63 | x |
| 1996-12-31 | CN¥0.13 | CN¥13.63 | x |
| 1997-12-31 | CN¥0.20 | CN¥13.63 | x |
| 1998-12-31 | CN¥0.48 | CN¥13.63 | x |
| 1999-12-31 | CN¥0.45 | CN¥13.63 | x |
| 2000-12-31 | CN¥0.45 | CN¥13.63 | x |
| 2001-12-31 | CN¥0.41 | CN¥13.63 | x |
| 2002-12-31 | CN¥0.39 | CN¥13.63 | x |
| 2003-12-31 | CN¥0.49 | CN¥13.63 | x |
| 2004-12-31 | CN¥0.64 | CN¥13.63 | x |
| 2005-12-31 | CN¥0.65 | CN¥13.63 | x |
| 2006-12-31 | CN¥2.33 | CN¥13.63 | x |
| 2007-12-31 | CN¥1.98 | CN¥13.63 | x |
| 2008-12-31 | CN¥0.85 | CN¥13.63 | x |
| 2009-12-31 | CN¥1.91 | CN¥13.63 | x |
| 2010-12-31 | CN¥1.84 | CN¥13.63 | x |
| 2011-12-31 | CN¥2.36 | CN¥13.63 | x |
| 2012-12-31 | CN¥2.04 | CN¥13.63 | x |
| 2013-12-31 | CN¥2.94 | CN¥13.63 | x |
| 2014-12-31 | CN¥3.41 | CN¥13.63 | x |
| 2015-12-31 | CN¥3.92 | CN¥13.63 | x |
| 2016-12-31 | CN¥4.23 | CN¥13.63 | x |
| 2017-12-31 | CN¥4.50 | CN¥13.63 | x |
| 2018-12-31 | CN¥5.40 | CN¥13.63 | x |
| 2019-12-31 | CN¥5.95 | CN¥13.63 | x |
| 2020-12-31 | CN¥6.78 | CN¥13.63 | x |
| 2021-12-31 | CN¥6.90 | CN¥13.63 | x |
| 2022-12-31 | CN¥7.31 | CN¥13.63 | x |
| 2023-12-31 | CN¥7.71 | CN¥13.63 | x |
| 2024-12-31 | CN¥7.35 | CN¥13.63 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently SDIC Power Holdings 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): 11.80%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.49%
- • Asset Turnover: 0.19x
- • Equity Multiplier: 5.27x
- Recent ROE (11.80%) is below the historical average (14.84%), 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 | 30.45% | 29.72% | 0.84x | 1.21x | CN¥25.43 Million |
| 1995 | 58.69% | 32.32% | 0.68x | 2.68x | CN¥57.15 Million |
| 1996 | 45.60% | 20.02% | 1.27x | 1.79x | CN¥95.92 Million |
| 1997 | 35.04% | 10.64% | 2.33x | 1.41x | CN¥103.85 Million |
| 1998 | 6.27% | 5.23% | 0.96x | 1.25x | CN¥-37.95 Million |
| 1999 | -6.27% | -4.57% | 1.06x | 1.30x | CN¥-155.79 Million |
| 2000 | 0.62% | 0.32% | 1.59x | 1.22x | CN¥-89.45 Million |
| 2001 | -4.60% | -2.08% | 2.09x | 1.06x | CN¥-125.70 Million |
| 2002 | -4.14% | -1.34% | 0.54x | 5.69x | CN¥-116.51 Million |
| 2003 | 20.86% | 15.60% | 0.30x | 4.47x | CN¥111.84 Million |
| 2004 | 24.38% | 13.81% | 0.26x | 6.69x | CN¥193.75 Million |
| 2005 | 27.52% | 12.42% | 0.34x | 6.52x | CN¥241.63 Million |
| 2006 | 17.03% | 8.57% | 0.36x | 5.50x | CN¥219.79 Million |
| 2007 | 13.19% | 8.31% | 0.37x | 4.31x | CN¥133.76 Million |
| 2008 | 15.99% | 5.99% | 0.60x | 4.44x | CN¥246.70 Million |
| 2009 | 5.75% | 4.46% | 0.13x | 9.57x | CN¥-392.70 Million |
| 2010 | 5.62% | 3.10% | 0.16x | 11.43x | CN¥-385.88 Million |
| 2011 | 2.26% | 1.10% | 0.19x | 10.54x | CN¥-888.28 Million |
| 2012 | 8.58% | 4.42% | 0.16x | 11.87x | CN¥-174.75 Million |
| 2013 | 17.91% | 11.66% | 0.18x | 8.64x | CN¥1.46 Billion |
| 2014 | 24.22% | 16.99% | 0.19x | 7.47x | CN¥3.29 Billion |
| 2015 | 20.42% | 17.35% | 0.17x | 6.91x | CN¥2.77 Billion |
| 2016 | 13.66% | 13.38% | 0.14x | 7.09x | CN¥1.05 Billion |
| 2017 | 10.58% | 10.21% | 0.15x | 6.82x | CN¥176.78 Million |
| 2018 | 11.58% | 10.64% | 0.19x | 5.86x | CN¥594.94 Million |
| 2019 | 11.78% | 11.21% | 0.19x | 5.56x | CN¥717.21 Million |
| 2020 | 11.68% | 14.03% | 0.17x | 4.85x | CN¥792.96 Million |
| 2021 | 4.77% | 5.61% | 0.18x | 4.69x | CN¥-2.69 Billion |
| 2022 | 7.49% | 8.08% | 0.20x | 4.74x | CN¥-1.37 Billion |
| 2023 | 11.35% | 11.82% | 0.20x | 4.70x | CN¥798.28 Million |
| 2024 | 11.80% | 11.49% | 0.19x | 5.27x | CN¥1.01 Billion |
Industry Comparison
This section compares SDIC Power Holdings 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 |
|---|---|---|---|---|
| SDIC Power Holdings Co Ltd (600886) | CN¥116.27 Billion | 30.45% | 1.70x | $15.96 Billion |
| 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 SDIC Power Holdings Co Ltd
SDIC Power Holdings Co., Ltd. engages in the electricity generation business in China. The company generates electricity through thermal power, hydropower, wind, solar, and waste-to-energy sources. It generates electricity with an installed capacity of 44.6347 GW, including 21.3045 GW of hydropower; 13.2008 GW of thermal power; 3.8885 GW of wind power; 5.7789 GW of solar power; and 0.462 GW of en… Read more