China Three Gorges New Energy Group Co Ltd (600905) - Net Assets
Based on the latest financial reports, China Three Gorges New Energy Group Co Ltd (600905) has net assets worth CN¥110.17 Billion CNY (≈ $16.12 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¥393.05 Billion ≈ $57.52 Billion USD) and total liabilities (CN¥282.89 Billion ≈ $41.40 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 600905 goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥110.17 Billion |
| % of Total Assets | 28.03% |
| Annual Growth Rate | 19.01% |
| 5-Year Change | 41.97% |
| 10-Year Change | 359.56% |
| Growth Volatility | 65.73 |
China Three Gorges New Energy Group Co Ltd - Net Assets Trend (2004–2025)
This chart illustrates how China Three Gorges New Energy Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See China Three Gorges New Energy Group Co L defensive liquidity buffer to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for China Three Gorges New Energy Group Co Ltd (2004–2025)
The table below shows the annual net assets of China Three Gorges New Energy Group Co Ltd from 2004 to 2025. For live valuation and market cap data, see how much is China Three Gorges New Energy Group Co L worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥108.74 Billion ≈ $15.91 Billion |
+4.92% |
| 2024-12-31 | CN¥103.65 Billion ≈ $15.17 Billion |
+8.55% |
| 2023-12-31 | CN¥95.48 Billion ≈ $13.97 Billion |
+8.56% |
| 2022-12-31 | CN¥87.96 Billion ≈ $12.87 Billion |
+14.84% |
| 2021-12-31 | CN¥76.60 Billion ≈ $11.21 Billion |
+64.95% |
| 2020-12-31 | CN¥46.44 Billion ≈ $6.79 Billion |
+11.37% |
| 2019-12-31 | CN¥41.70 Billion ≈ $6.10 Billion |
-3.44% |
| 2018-12-31 | CN¥43.18 Billion ≈ $6.32 Billion |
+56.52% |
| 2017-12-31 | CN¥27.59 Billion ≈ $4.04 Billion |
+16.59% |
| 2016-12-31 | CN¥23.66 Billion ≈ $3.46 Billion |
+275.25% |
| 2010-12-31 | CN¥6.31 Billion ≈ $922.75 Million |
+56.20% |
| 2009-12-31 | CN¥4.04 Billion ≈ $590.76 Million |
-13.63% |
| 2008-12-31 | CN¥4.67 Billion ≈ $683.96 Million |
+15.57% |
| 2007-12-31 | CN¥4.04 Billion ≈ $591.84 Million |
+28.87% |
| 2006-12-31 | CN¥3.14 Billion ≈ $459.24 Million |
+5.32% |
| 2005-12-31 | CN¥2.98 Billion ≈ $436.03 Million |
+5.93% |
| 2004-12-31 | CN¥2.81 Billion ≈ $411.63 Million |
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Equity Component Analysis
This analysis shows how different components contribute to China Three Gorges New Energy Group 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 3461227257529.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥34.20 Billion | 38.58% |
| Other Components | CN¥54.46 Billion | 61.42% |
| Total Equity | CN¥88.66 Billion | 100.00% |
China Three Gorges New Energy Group Co Ltd Competitors by Market Cap
The table below lists competitors of China Three Gorges New Energy Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Tourmaline Oil Corp.
TO:TOU
|
$17.05 Billion |
|
MERCK KGAA NAM.SP.ADR
F:MRKC
|
$17.07 Billion |
|
Lenovo Group Limited
F:LHL1
|
$17.12 Billion |
|
Avic Shenyang Aircraft Co Ltd
SHG:600760
|
$17.12 Billion |
|
China Shipbuilding Industry Co Ltd
SHG:601989
|
$17.02 Billion |
|
Falabella
SN:FALABELLA
|
$17.02 Billion |
|
Bank Polska Kasa Opieki SA
WAR:PEO
|
$17.00 Billion |
|
ASICS CORP.(UNSP.ADR)/1
F:ASI
|
$17.00 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China Three Gorges New Energy Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 86,717,397,000 to 88,657,785,949, a change of 1,940,388,949 (2.2%).
- Net income of 3,714,396,619 contributed positively to equity growth.
- Dividend payments of 6,068,234,324 reduced retained earnings.
- Other factors increased equity by 4,294,226,654.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥3.71 Billion | +4.19% |
| Dividends Paid | CN¥6.07 Billion | -6.84% |
| Other Changes | CN¥4.29 Billion | +4.84% |
| Total Change | CN¥- | 2.24% |
Book Value vs Market Value Analysis
This analysis compares China Three Gorges New Energy Group 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: 1.31x
- 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 43.01x to 1.31x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2004-12-31 | CN¥0.09 | CN¥4.07 | x |
| 2005-12-31 | CN¥0.10 | CN¥4.07 | x |
| 2006-12-31 | CN¥0.11 | CN¥4.07 | x |
| 2007-12-31 | CN¥0.13 | CN¥4.07 | x |
| 2008-12-31 | CN¥0.14 | CN¥4.07 | x |
| 2009-12-31 | CN¥0.12 | CN¥4.07 | x |
| 2010-12-31 | CN¥0.20 | CN¥4.07 | x |
| 2016-12-31 | CN¥1.10 | CN¥4.07 | x |
| 2017-12-31 | CN¥1.30 | CN¥4.07 | x |
| 2018-12-31 | CN¥2.04 | CN¥4.07 | x |
| 2019-12-31 | CN¥1.35 | CN¥4.07 | x |
| 2020-12-31 | CN¥1.47 | CN¥4.07 | x |
| 2021-12-31 | CN¥2.41 | CN¥4.07 | x |
| 2022-12-31 | CN¥2.70 | CN¥4.07 | x |
| 2023-12-31 | CN¥2.88 | CN¥4.07 | x |
| 2024-12-31 | CN¥3.03 | CN¥4.07 | x |
| 2025-12-31 | CN¥3.10 | CN¥4.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China Three Gorges New Energy Group 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): 4.19%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 13.08%
- • Asset Turnover: 0.07x
- • Equity Multiplier: 4.37x
- Recent ROE (4.19%) is below the historical average (6.20%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2004 | -9.75% | -11.62% | 0.32x | 2.64x | CN¥-533.85 Million |
| 2005 | 1.66% | 1.83% | 0.36x | 2.48x | CN¥-242.54 Million |
| 2006 | 3.01% | 2.96% | 0.37x | 2.73x | CN¥-211.80 Million |
| 2007 | 3.96% | 4.21% | 0.34x | 2.74x | CN¥-221.40 Million |
| 2008 | 5.92% | 5.71% | 0.35x | 2.98x | CN¥-164.76 Million |
| 2009 | 2.75% | 10.75% | 0.14x | 1.82x | CN¥-251.80 Million |
| 2010 | 20.02% | 86.29% | 0.14x | 1.68x | CN¥560.71 Million |
| 2016 | 6.99% | 29.64% | 0.08x | 2.94x | CN¥-661.29 Million |
| 2017 | 9.44% | 36.14% | 0.10x | 2.62x | CN¥-146.46 Million |
| 2018 | 6.81% | 37.57% | 0.09x | 2.09x | CN¥-1.30 Billion |
| 2019 | 7.38% | 31.71% | 0.09x | 2.60x | CN¥-1.01 Billion |
| 2020 | 8.62% | 31.91% | 0.08x | 3.40x | CN¥-580.33 Million |
| 2021 | 9.36% | 39.24% | 0.08x | 3.16x | CN¥-440.74 Million |
| 2022 | 9.23% | 29.88% | 0.09x | 3.40x | CN¥-590.67 Million |
| 2023 | 8.69% | 27.07% | 0.09x | 3.78x | CN¥-1.08 Billion |
| 2024 | 7.05% | 20.57% | 0.08x | 4.12x | CN¥-2.56 Billion |
| 2025 | 4.19% | 13.08% | 0.07x | 4.37x | CN¥-5.15 Billion |
Industry Comparison
This section compares China Three Gorges New Energy Group 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 |
|---|---|---|---|---|
| China Three Gorges New Energy Group Co Ltd (600905) | CN¥110.17 Billion | -9.75% | 2.57x | $17.03 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 China Three Gorges New Energy Group Co Ltd
China Three Gorges Renewables (Group) Co.,Ltd. engages in the development, investment, and operation of wind and solar energy in China. The company develops offshore wind power projects with a cumulative installed capacity of 7.0498 million kilowatts, onshore wind power projects with a cumulative installed capacity of over 7.5 million kilowatts, photovoltaic power stations with a cumulative insta… Read more