Ningbo Thermal Power Co Ltd

SHG:600982 China Utilities - Regulated Electric
Market Cap
$787.51 Million
CN¥5.78 Billion CNY
Market Cap Rank
#12174 Global
#2987 in China
Share Price
CN¥5.17
Change (1 day)
-3.72%
52-Week Range
CN¥4.30 - CN¥5.37
All Time High
CN¥7.38
Categories
Companies in China Utilities - Regulated Electric
About

Ningbo Energy Group Co.,Ltd., together with its subsidiaries, engages in the power generation activities in China. It operates coal-fired power plants, coal-fired gas-fired thermal power plants, hydroelectric, and renewable energy power plants. The company is also involved in the cogeneration of heat and power, biomass power generation, pumped storage power generation, bulk commodity trading, and… Read more

Ningbo Thermal Power Co Ltd (600982) - Net Assets

Latest net assets as of September 2025: CN¥5.40 Billion CNY

Based on the latest financial reports, Ningbo Thermal Power Co Ltd (600982) has net assets worth CN¥5.40 Billion CNY as of September 2025.

Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥16.53 Billion) and total liabilities (CN¥11.13 Billion). 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.

Key Net Assets Metrics

Metric Value
Current Net Assets CN¥5.40 Billion
% of Total Assets 32.65%
Annual Growth Rate 16.87%
5-Year Change 29.98%
10-Year Change 97.14%
Growth Volatility 34.56

Ningbo Thermal Power Co Ltd - Net Assets Trend (2000–2024)

This chart illustrates how Ningbo Thermal Power Co Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.

Annual Net Assets for Ningbo Thermal Power Co Ltd (2000–2024)

The table below shows the annual net assets of Ningbo Thermal Power Co Ltd from 2000 to 2024.

Year Net Assets Change
2024-12-31 CN¥5.17 Billion +3.71%
2023-12-31 CN¥4.99 Billion +6.25%
2022-12-31 CN¥4.69 Billion +6.50%
2021-12-31 CN¥4.41 Billion +10.77%
2020-12-31 CN¥3.98 Billion +7.34%
2019-12-31 CN¥3.71 Billion +8.31%
2018-12-31 CN¥3.42 Billion +25.90%
2017-12-31 CN¥2.72 Billion +4.65%
2016-12-31 CN¥2.60 Billion -1.00%
2015-12-31 CN¥2.62 Billion +4.96%
2014-12-31 CN¥2.50 Billion +126.29%
2013-12-31 CN¥1.10 Billion +15.19%
2012-12-31 CN¥959.12 Million +28.42%
2011-12-31 CN¥746.83 Million +16.60%
2010-12-31 CN¥640.49 Million +49.21%
2009-12-31 CN¥429.25 Million +7.37%
2008-12-31 CN¥399.77 Million +2.73%
2007-12-31 CN¥389.14 Million +5.00%
2006-12-31 CN¥370.62 Million +3.36%
2005-12-31 CN¥358.56 Million +2.82%
2004-12-31 CN¥348.74 Million +131.96%
2003-12-31 CN¥150.34 Million +4.90%
2002-12-31 CN¥143.33 Million -0.84%
2001-12-31 CN¥144.54 Million +17.75%
2000-12-31 CN¥122.75 Million --

Equity Component Analysis

This analysis shows how different components contribute to Ningbo Thermal 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 17778.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component Amount Percentage
Retained Earnings CN¥1.67 Billion 38.48%
Common Stock CN¥1.12 Billion 25.75%
Other Comprehensive Income CN¥444.60 Million 10.24%
Other Components CN¥1.11 Billion 25.52%
Total Equity CN¥4.34 Billion 100.00%

Ningbo Thermal Power Co Ltd Competitors by Market Cap

The table below lists competitors of Ningbo Thermal Power Co Ltd ranked by their market capitalization.

Company Market Cap
ASNFF
PINK:ASNFF
 		$342.77 Million
Sinopec Oilfield Service Corporation
PINK:YZCFF
 		$342.85 Million
Investors Title Company
NASDAQ:ITIC
 		$342.86 Million
Beijing Jingpin Tezhuang Technology Co. Ltd. A
SHG:688084
 		$342.87 Million
Südzucker AG
PINK:SUEZF
 		$342.70 Million
Norwegian Energy Co. ASA
LSE:0HTF
 		$342.63 Million
Elmera Group ASA
OL:ELMRA
 		$342.57 Million
Chun Yuan Steel Industry Co Ltd
TW:2010
 		$342.51 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ningbo Thermal Power Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

  • From 2023 to 2024, total equity changed from 4,194,705,345 to 4,339,986,756, a change of 145,281,411 (3.5%).
  • Net income of 284,964,386 contributed positively to equity growth.
  • Dividend payments of 330,829,574 reduced retained earnings.
  • Other comprehensive income increased equity by 440,614,416.
  • Other factors decreased equity by 249,467,817.

Equity Change Factors (2023 to 2024)

Factor Impact Contribution
Net Income CN¥284.96 Million +6.57%
Dividends Paid CN¥330.83 Million -7.62%
Other Comprehensive Income CN¥440.61 Million +10.15%
Other Changes CN¥-249.47 Million -5.75%
Total Change CN¥- 3.46%

Book Value vs Market Value Analysis

This analysis compares Ningbo Thermal 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: 1.33x
  • 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 17.69x to 1.33x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date Book Value per Share Market Price P/B Ratio
2000-12-31 CN¥0.29 CN¥5.17 x
2001-12-31 CN¥0.34 CN¥5.17 x
2002-12-31 CN¥0.34 CN¥5.17 x
2003-12-31 CN¥0.36 CN¥5.17 x
2004-12-31 CN¥0.82 CN¥5.17 x
2005-12-31 CN¥0.84 CN¥5.17 x
2006-12-31 CN¥0.86 CN¥5.17 x
2007-12-31 CN¥0.91 CN¥5.17 x
2008-12-31 CN¥0.93 CN¥5.17 x
2009-12-31 CN¥1.00 CN¥5.17 x
2010-12-31 CN¥1.45 CN¥5.17 x
2011-12-31 CN¥1.68 CN¥5.17 x
2012-12-31 CN¥2.04 CN¥5.17 x
2013-12-31 CN¥2.35 CN¥5.17 x
2014-12-31 CN¥3.99 CN¥5.17 x
2015-12-31 CN¥3.27 CN¥5.17 x
2016-12-31 CN¥3.24 CN¥5.17 x
2017-12-31 CN¥3.36 CN¥5.17 x
2018-12-31 CN¥4.07 CN¥5.17 x
2019-12-31 CN¥3.15 CN¥5.17 x
2020-12-31 CN¥3.24 CN¥5.17 x
2021-12-31 CN¥3.46 CN¥5.17 x
2022-12-31 CN¥3.62 CN¥5.17 x
2023-12-31 CN¥3.77 CN¥5.17 x
2024-12-31 CN¥3.89 CN¥5.17 x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ningbo Thermal 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): 6.57%
  • The company has moderate efficiency in generating returns from equity.
  • DuPont Analysis Breakdown:
  • • Net Profit Margin: 6.72%
  • • Asset Turnover: 0.28x
  • • Equity Multiplier: 3.50x
  • Recent ROE (6.57%) is below the historical average (9.27%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year Return on Equity Net Profit Margin Asset Turnover Equity Multiplier Economic Value Added
2000 13.03% 18.50% 0.49x 1.43x CN¥3.72 Million
2001 15.07% 19.82% 0.52x 1.47x CN¥7.33 Million
2002 17.48% 19.12% 0.46x 2.01x CN¥10.72 Million
2003 18.80% 16.86% 0.52x 2.15x CN¥13.22 Million
2004 7.58% 11.55% 0.45x 1.46x CN¥-8.37 Million
2005 6.39% 3.91% 1.03x 1.58x CN¥-12.71 Million
2006 8.13% 4.09% 1.30x 1.53x CN¥-6.80 Million
2007 8.87% 3.99% 1.53x 1.46x CN¥-4.31 Million
2008 6.93% 3.10% 1.50x 1.49x CN¥-12.03 Million
2009 10.97% 4.92% 1.15x 1.93x CN¥4.09 Million
2010 12.89% 9.12% 0.78x 1.81x CN¥17.56 Million
2011 12.19% 8.66% 0.76x 1.85x CN¥15.43 Million
2012 8.03% 6.76% 0.62x 1.91x CN¥-16.88 Million
2013 14.48% 18.49% 0.44x 1.79x CN¥44.22 Million
2014 6.55% 13.85% 0.36x 1.30x CN¥-80.21 Million
2015 3.77% 9.19% 0.31x 1.34x CN¥-151.97 Million
2016 3.47% 6.92% 0.35x 1.43x CN¥-157.99 Million
2017 3.83% 6.16% 0.36x 1.73x CN¥-154.77 Million
2018 5.08% 8.87% 0.27x 2.12x CN¥-149.53 Million
2019 3.59% 3.49% 0.56x 1.85x CN¥-212.70 Million
2020 7.38% 5.90% 0.62x 2.01x CN¥-92.45 Million
2021 12.41% 6.85% 0.69x 2.62x CN¥91.90 Million
2022 8.55% 3.69% 0.79x 2.92x CN¥-58.01 Million
2023 9.71% 7.56% 0.39x 3.29x CN¥-12.07 Million
2024 6.57% 6.72% 0.28x 3.50x CN¥-149.03 Million

Industry Comparison

This section compares Ningbo Thermal Power Co Ltd's net assets metrics with peer companies in the Utilities - Regulated Electric industry.

Industry Context

  • Industry: Utilities - Regulated Electric
  • Average net assets among peers: $2,914,861,497
  • Average return on equity (ROE) among peers: 6.69%

Peer Company Comparison

Company Net Assets Return on Equity Debt-to-Equity Market Cap
Ningbo Thermal Power Co Ltd (600982) CN¥5.40 Billion 13.03% 2.06x $342.76 Million
Shenzhen Energy Group Co Ltd (000027) $8.19 Billion 8.94% 0.37x $1.14 Billion
Shenzhen Nanshan Power Co Ltd (000037) $606.17 Million 19.16% 0.66x $463.41 Million
Guangzhou Hengyun Enterprises Holding Ltd (000531) $425.31 Million 6.99% 1.07x $362.93 Million
An Hui Wenergy Co Ltd (000543) $2.32 Billion 7.87% 0.16x $1.11 Billion
Jointo Energy Investment Co Ltd Hebei (000600) $875.38 Million 4.87% 2.31x $810.91 Million
Guangdong Shaoneng Group Co Ltd (000601) $2.77 Billion 3.03% 1.64x $561.99 Million
Tianjin Binhai Energy & Development Co Ltd (000695) $345.13 Million 0.89% 2.45x $262.05 Million
Shanxi Zhangze Electric Power Co Ltd (000767) $1.84 Billion 11.37% 1.54x $768.72 Million
Jilin Power Share Co Ltd (000875) $10.34 Billion 1.11% 2.84x $2.25 Billion
Jiangxi Ganneng Co Ltd (000899) $1.43 Billion 2.70% 0.12x $507.45 Million