Ningbo Thermal Power Co Ltd Net Assets

Latest as of September 2025: CN¥5.40 Billion CNY ≈ $789.64 Million USD

Ningbo Thermal Power Co Ltd net assets. Based on the latest financial reports, Ningbo Thermal Power Co Ltd (600982) has net assets worth CN¥5.40 Billion CNY (≈ $789.64 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¥16.53 Billion ≈ $2.42 Billion USD) and total liabilities (CN¥11.13 Billion ≈ $1.63 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. Also explore how fast is Ningbo Thermal Power Co Ltd growing its equity to track the company's year-over-year net asset growth rate.

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

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

Net assets of Ningbo Thermal Power Co Ltd from 2000 to 2024. This chart illustrates how Ningbo Thermal Power Co Ltd's net assets have evolved over time, based on quarterly financial data. See Ningbo Thermal Power Co Ltd (600982) net asset quality to measure how much of total assets are equity-financed.

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. For live market cap and overall valuation, see how much is Ningbo Thermal Power Co Ltd worth.

Year	Net Assets	Change
2024-12-31	CN¥5.17 Billion ≈ $756.95 Million	+3.71%
2023-12-31	CN¥4.99 Billion ≈ $729.88 Million	+6.25%
2022-12-31	CN¥4.69 Billion ≈ $686.95 Million	+6.50%
2021-12-31	CN¥4.41 Billion ≈ $645.03 Million	+10.77%
2020-12-31	CN¥3.98 Billion ≈ $582.34 Million	+7.34%
2019-12-31	CN¥3.71 Billion ≈ $542.50 Million	+8.31%
2018-12-31	CN¥3.42 Billion ≈ $500.87 Million	+25.90%
2017-12-31	CN¥2.72 Billion ≈ $397.82 Million	+4.65%
2016-12-31	CN¥2.60 Billion ≈ $380.15 Million	-1.00%
2015-12-31	CN¥2.62 Billion ≈ $383.98 Million	+4.96%
2014-12-31	CN¥2.50 Billion ≈ $365.84 Million	+126.29%
2013-12-31	CN¥1.10 Billion ≈ $161.67 Million	+15.19%
2012-12-31	CN¥959.12 Million ≈ $140.35 Million	+28.42%
2011-12-31	CN¥746.83 Million ≈ $109.29 Million	+16.60%
2010-12-31	CN¥640.49 Million ≈ $93.72 Million	+49.21%
2009-12-31	CN¥429.25 Million ≈ $62.81 Million	+7.37%
2008-12-31	CN¥399.77 Million ≈ $58.50 Million	+2.73%
2007-12-31	CN¥389.14 Million ≈ $56.94 Million	+5.00%
2006-12-31	CN¥370.62 Million ≈ $54.23 Million	+3.36%
2005-12-31	CN¥358.56 Million ≈ $52.47 Million	+2.82%
2004-12-31	CN¥348.74 Million ≈ $51.03 Million	+131.96%
2003-12-31	CN¥150.34 Million ≈ $22.00 Million	+4.90%
2002-12-31	CN¥143.33 Million ≈ $20.97 Million	-0.84%
2001-12-31	CN¥144.54 Million ≈ $21.15 Million	+17.75%
2000-12-31	CN¥122.75 Million ≈ $17.96 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.

Ningbo Thermal Power Co Ltd Net Assets Breakdown (December 2024)

Ningbo Thermal Power Co Ltd net assets breakdown by equity component as of 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
Thinking Electronic Industrial Co Ltd TW:2428	$750.74 Million
Canadian General Investments Ltd TO:CGI	$750.76 Million
Jiangmen iDear-Hanyu Electrical Joint-Stock Co Ltd SHE:300403	$750.90 Million
Dark Horse Beijing Technology Co Ltd SHE:300688	$751.69 Million
Rayhoo Motor Dies Co Ltd SHE:002997	$750.44 Million
China Yuchai International Limited NYSE:CYD	$750.37 Million
Shouyao Holdings (Beijing) Co. Ltd. A SHG:688197	$750.15 Million
Cablevision Holding SA BA:CVH	$750.14 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: 1.18x
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 15.70x to 1.18x 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¥4.59	x
2001-12-31	CN¥0.34	CN¥4.59	x
2002-12-31	CN¥0.34	CN¥4.59	x
2003-12-31	CN¥0.36	CN¥4.59	x
2004-12-31	CN¥0.82	CN¥4.59	x
2005-12-31	CN¥0.84	CN¥4.59	x
2006-12-31	CN¥0.86	CN¥4.59	x
2007-12-31	CN¥0.91	CN¥4.59	x
2008-12-31	CN¥0.93	CN¥4.59	x
2009-12-31	CN¥1.00	CN¥4.59	x
2010-12-31	CN¥1.45	CN¥4.59	x
2011-12-31	CN¥1.68	CN¥4.59	x
2012-12-31	CN¥2.04	CN¥4.59	x
2013-12-31	CN¥2.35	CN¥4.59	x
2014-12-31	CN¥3.99	CN¥4.59	x
2015-12-31	CN¥3.27	CN¥4.59	x
2016-12-31	CN¥3.24	CN¥4.59	x
2017-12-31	CN¥3.36	CN¥4.59	x
2018-12-31	CN¥4.07	CN¥4.59	x
2019-12-31	CN¥3.15	CN¥4.59	x
2020-12-31	CN¥3.24	CN¥4.59	x
2021-12-31	CN¥3.46	CN¥4.59	x
2022-12-31	CN¥3.62	CN¥4.59	x
2023-12-31	CN¥3.77	CN¥4.59	x
2024-12-31	CN¥3.89	CN¥4.59	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: $5,282,005,043
Average return on equity (ROE) among peers: 7.21%

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	$750.67 Million
Shenzhen Energy Group Co Ltd (000027)	$1.19 Billion	7.17%	3.07x	$4.38 Billion
Shenzhen Nanshan Power Co Ltd (000037)	$2.09 Billion	3.07%	0.45x	$437.91 Million
Guangzhou Hengyun Enterprises Holding Ltd (000531)	$3.95 Billion	11.40%	1.12x	$797.00 Million
An Hui Wenergy Co Ltd (000543)	$20.49 Billion	2.44%	1.72x	$2.46 Billion
Jointo Energy Investment Co Ltd Hebei (000600)	$53.68 Million	11.61%	0.85x	$1.74 Billion
Guangdong Shaoneng Group Co Ltd (000601)	$4.00 Billion	6.55%	1.15x	$865.95 Million
Tianjin Binhai Energy & Development Co Ltd (000695)	$375.86 Million	0.88%	1.71x	$376.43 Million
Shanxi Zhangze Electric Power Co Ltd (000767)	$1.84 Billion	11.37%	1.54x	$1.36 Billion
Jilin Power Share Co Ltd (000875)	$11.30 Billion	4.23%	3.96x	$2.29 Billion
Jiangxi Ganneng Co Ltd (000899)	$7.54 Billion	13.34%	1.88x	$1.22 Billion

About Ningbo Thermal Power Co Ltd

SHG:600982 China Utilities - Regulated Electric

Market Cap

$750.67 Million

CN¥5.13 Billion CNY

Market Cap Rank

#9864 Global

#2553 in China

Share Price

CN¥4.59

Change (1 day)

+0.00%

52-Week Range

CN¥4.34 - CN¥7.35

All Time High

CN¥7.38