Anhui Hengyuan Coal Industry and Electricity Power Co Ltd (600971) - Net Assets

Latest as of March 2026: CN¥12.38 Billion CNY ≈ $1.81 Billion USD

Based on the latest financial reports, Anhui Hengyuan Coal Industry and Electricity Power Co Ltd (600971) has net assets worth CN¥12.38 Billion CNY (≈ $1.81 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¥25.74 Billion ≈ $3.77 Billion USD) and total liabilities (CN¥13.36 Billion ≈ $1.95 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 Anhui Hengyuan Coal Industry and Electri (600971) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥12.38 Billion
% of Total Assets	48.1%
Annual Growth Rate	19.85%
5-Year Change	22.14%
10-Year Change	112.1%
Growth Volatility	40.74

Anhui Hengyuan Coal Industry and Electricity Power Co Ltd - Net Assets Trend (2001–2025)

This chart illustrates how Anhui Hengyuan Coal Industry and Electricity Power Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Anhui Hengyuan Coal Industry and Electri fund operations to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Anhui Hengyuan Coal Industry and Electricity Power Co Ltd (2001–2025)

The table below shows the annual net assets of Anhui Hengyuan Coal Industry and Electricity Power Co Ltd from 2001 to 2025. For live valuation and market cap data, see Anhui Hengyuan Coal Industry and Electri market capitalisation.

Year	Net Assets	Change
2025-12-31	CN¥12.29 Billion ≈ $1.80 Billion	-1.19%
2024-12-31	CN¥12.43 Billion ≈ $1.82 Billion	-1.99%
2023-12-31	CN¥12.69 Billion ≈ $1.86 Billion	+6.62%
2022-12-31	CN¥11.90 Billion ≈ $1.74 Billion	+18.29%
2021-12-31	CN¥10.06 Billion ≈ $1.47 Billion	+7.84%
2020-12-31	CN¥9.33 Billion ≈ $1.36 Billion	+5.76%
2019-12-31	CN¥8.82 Billion ≈ $1.29 Billion	+10.91%
2018-12-31	CN¥7.95 Billion ≈ $1.16 Billion	+12.94%
2017-12-31	CN¥7.04 Billion ≈ $1.03 Billion	+21.56%
2016-12-31	CN¥5.79 Billion ≈ $847.59 Million	+1.19%
2015-12-31	CN¥5.72 Billion ≈ $837.61 Million	-18.16%
2014-12-31	CN¥6.99 Billion ≈ $1.02 Billion	-2.18%
2013-12-31	CN¥7.15 Billion ≈ $1.05 Billion	+2.61%
2012-12-31	CN¥6.97 Billion ≈ $1.02 Billion	+12.58%
2011-12-31	CN¥6.19 Billion ≈ $905.75 Million	+12.19%
2010-12-31	CN¥5.52 Billion ≈ $807.35 Million	+78.67%
2009-12-31	CN¥3.09 Billion ≈ $451.87 Million	+86.47%
2008-12-31	CN¥1.66 Billion ≈ $242.32 Million	+42.82%
2007-12-31	CN¥1.16 Billion ≈ $169.67 Million	+12.46%
2006-12-31	CN¥1.03 Billion ≈ $150.87 Million	+0.76%
2005-12-31	CN¥1.02 Billion ≈ $149.74 Million	+27.35%
2004-12-31	CN¥803.54 Million ≈ $117.58 Million	+183.48%
2003-12-31	CN¥283.46 Million ≈ $41.48 Million	+28.93%
2002-12-31	CN¥219.86 Million ≈ $32.17 Million	+37.98%
2001-12-31	CN¥159.34 Million ≈ $23.32 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Anhui Hengyuan Coal Industry and Electricity Power 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 22363.3% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥7.67 Billion	65.26%
Other Components	CN¥4.09 Billion	34.74%
Total Equity	CN¥11.76 Billion	100.00%

Anhui Hengyuan Coal Industry and Electricity Power Co Ltd Competitors by Market Cap

The table below lists competitors of Anhui Hengyuan Coal Industry and Electricity Power Co Ltd ranked by their market capitalization.

Company	Market Cap
Hotai Finance Corp TW:6592	$1.28 Billion
Bossard Holding AG SW:BOSN	$1.28 Billion
Lincoln Educational Services NASDAQ:LINC	$1.28 Billion
Birchcliff Energy Ltd. TO:BIR	$1.28 Billion
Jupiter Wagons Limited NSE:JWL	$1.28 Billion
Daxin Materials Corp TW:5234	$1.28 Billion
Bank of Qingdao Co. Ltd F:4BQ	$1.28 Billion
Perrigo Company plc F:PIG	$1.28 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Anhui Hengyuan Coal Industry and Electricity Power Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 12,365,056,490 to 11,759,533,000, a change of -605,523,490 (-4.9%).
Net loss of 191,755,996 reduced equity.
Dividend payments of 324,001,318 reduced retained earnings.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥-191.76 Million	-1.63%
Dividends Paid	CN¥324.00 Million	-2.76%
Other Changes	CN¥-89.77 Million	-0.76%
Total Change	CN¥-	-4.90%

Book Value vs Market Value Analysis

This analysis compares Anhui Hengyuan Coal Industry and Electricity Power 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: 0.74x
The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
The price-to-book ratio has decreased from 28.90x to 0.74x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2001-12-31	CN¥0.25	CN¥7.30	x
2002-12-31	CN¥0.35	CN¥7.30	x
2003-12-31	CN¥0.45	CN¥7.30	x
2004-12-31	CN¥1.27	CN¥7.30	x
2005-12-31	CN¥1.58	CN¥7.30	x
2006-12-31	CN¥1.62	CN¥7.30	x
2007-12-31	CN¥1.83	CN¥7.30	x
2008-12-31	CN¥2.94	CN¥7.30	x
2009-12-31	CN¥2.89	CN¥7.30	x
2010-12-31	CN¥4.75	CN¥7.30	x
2011-12-31	CN¥5.13	CN¥7.30	x
2012-12-31	CN¥5.69	CN¥7.30	x
2013-12-31	CN¥5.74	CN¥7.30	x
2014-12-31	CN¥7.29	CN¥7.30	x
2015-12-31	CN¥4.60	CN¥7.30	x
2016-12-31	CN¥5.35	CN¥7.30	x
2017-12-31	CN¥5.74	CN¥7.30	x
2018-12-31	CN¥6.55	CN¥7.30	x
2019-12-31	CN¥7.27	CN¥7.30	x
2020-12-31	CN¥7.69	CN¥7.30	x
2021-12-31	CN¥8.30	CN¥7.30	x
2022-12-31	CN¥9.84	CN¥7.30	x
2023-12-31	CN¥10.52	CN¥7.30	x
2024-12-31	CN¥10.27	CN¥7.30	x
2025-12-31	CN¥9.80	CN¥7.30	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Anhui Hengyuan Coal Industry and Electricity Power 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): -1.63%
The company may be facing challenges in efficiently utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: -3.49%
• Asset Turnover: 0.21x
• Equity Multiplier: 2.23x
Recent ROE (-1.63%) is below the historical average (13.09%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2001	26.80%	15.10%	0.75x	2.36x	CN¥26.77 Million
2002	27.53%	18.54%	0.76x	1.96x	CN¥38.53 Million
2003	22.44%	17.98%	0.71x	1.76x	CN¥35.26 Million
2004	19.42%	23.73%	0.56x	1.47x	CN¥75.67 Million
2005	20.38%	17.78%	0.75x	1.54x	CN¥103.18 Million
2006	20.32%	16.91%	0.72x	1.66x	CN¥103.31 Million
2007	17.82%	15.19%	0.32x	3.68x	CN¥88.29 Million
2008	18.86%	15.64%	0.41x	2.96x	CN¥143.79 Million
2009	17.05%	9.74%	0.50x	3.53x	CN¥215.23 Million
2010	17.36%	13.61%	0.59x	2.16x	CN¥403.28 Million
2011	16.48%	12.19%	0.67x	2.02x	CN¥398.39 Million
2012	10.98%	8.22%	0.68x	1.97x	CN¥67.05 Million
2013	4.50%	3.85%	0.61x	1.92x	CN¥-382.93 Million
2014	0.23%	0.24%	0.47x	2.03x	CN¥-665.16 Million
2015	-24.99%	-34.88%	0.31x	2.34x	CN¥-1.94 Billion
2016	0.62%	0.76%	0.34x	2.39x	CN¥-531.50 Million
2017	15.98%	16.90%	0.46x	2.06x	CN¥413.26 Million
2018	15.58%	20.65%	0.41x	1.85x	CN¥436.64 Million
2019	12.94%	18.80%	0.39x	1.77x	CN¥256.29 Million
2020	8.35%	14.79%	0.33x	1.70x	CN¥-152.02 Million
2021	13.92%	20.55%	0.38x	1.78x	CN¥390.80 Million
2022	21.40%	30.13%	0.40x	1.76x	CN¥1.35 Billion
2023	16.16%	26.15%	0.37x	1.69x	CN¥775.72 Million
2024	8.67%	15.37%	0.34x	1.66x	CN¥-164.54 Million
2025	-1.63%	-3.49%	0.21x	2.23x	CN¥-1.37 Billion

Industry Comparison

This section compares Anhui Hengyuan Coal Industry and Electricity Power Co Ltd's net assets metrics with peer companies in the Thermal Coal industry.

Industry Context

Industry: Thermal Coal
Average net assets among peers: $12,838,319,330
Average return on equity (ROE) among peers: 1.41%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Anhui Hengyuan Coal Industry and Electricity Power Co Ltd (600971)	CN¥12.38 Billion	26.80%	1.08x	$1.28 Billion
Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552)	$62.48 Million	-76.57%	3.98x	$1.90 Billion
Jizhong Energy Resources Co Ltd (000937)	$1.69 Billion	8.11%	0.51x	$2.31 Billion
Shanxi Xishan Coal and Electricity Power Co Ltd (000983)	$21.19 Billion	7.40%	1.73x	$5.29 Billion
Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128)	$599.78 Million	25.34%	1.79x	$7.92 Billion
Guangzhou Development Group Inc (600098)	$3.80 Billion	13.94%	0.94x	$3.38 Billion
Zhengzhou Coal Industry & Electric Power Co Ltd (600121)	$1.49 Billion	12.59%	1.13x	$727.43 Million
Shanxi Lanhua Sci-Tech Venture Co Ltd (600123)	$880.39 Million	9.57%	0.89x	$1.30 Billion
Wintime Energy Co Ltd (600157)	$362.48 Million	3.10%	1.54x	$5.24 Billion
Yankuang Energy Group Co Ltd (600188)	$84.95 Billion	10.02%	1.40x	$16.91 Billion
Shan XI Hua Yang Group New Energy Co Ltd (600348)	$13.35 Billion	0.61%	1.52x	$4.32 Billion

About Anhui Hengyuan Coal Industry and Electricity Power Co Ltd

SHG:600971 China Thermal Coal

Market Cap

$1.28 Billion

CN¥8.76 Billion CNY

Market Cap Rank

#7998 Global

#1912 in China

Share Price

CN¥7.30

Change (1 day)

+0.83%

52-Week Range

CN¥6.24 - CN¥8.48

All Time High

CN¥14.28