Ningxia Baofeng Energy Group Co Ltd (600989) - Net Assets

Latest as of December 2025: CN¥48.61 Billion CNY ≈ $7.11 Billion USD

Based on the latest financial reports, Ningxia Baofeng Energy Group Co Ltd (600989) has net assets worth CN¥48.61 Billion CNY (≈ $7.11 Billion USD) as of December 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥90.15 Billion ≈ $13.19 Billion USD) and total liabilities (CN¥41.54 Billion ≈ $6.08 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 600989 asset liquidity ratio to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥48.61 Billion
% of Total Assets	53.92%
Annual Growth Rate	22.88%
5-Year Change	57.98%
10-Year Change	346.49%
Growth Volatility	19.57

Ningxia Baofeng Energy Group Co Ltd - Net Assets Trend (2007–2025)

This chart illustrates how Ningxia Baofeng Energy Group Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore Ningxia Baofeng Energy Group Co Ltd total assets for the complete picture of this company's asset base.

Annual Net Assets for Ningxia Baofeng Energy Group Co Ltd (2007–2025)

The table below shows the annual net assets of Ningxia Baofeng Energy Group Co Ltd from 2007 to 2025. For live valuation and market cap data, see how much is Ningxia Baofeng Energy Group Co Ltd worth.

Year	Net Assets	Change
2025-12-31	CN¥48.61 Billion ≈ $7.11 Billion	+12.76%
2024-12-31	CN¥43.11 Billion ≈ $6.31 Billion	+11.66%
2023-12-31	CN¥38.61 Billion ≈ $5.65 Billion	+13.72%
2022-12-31	CN¥33.95 Billion ≈ $4.97 Billion	+10.33%
2021-12-31	CN¥30.77 Billion ≈ $4.50 Billion	+18.41%
2020-12-31	CN¥25.99 Billion ≈ $3.80 Billion	+10.90%
2019-12-31	CN¥23.43 Billion ≈ $3.43 Billion	+71.27%
2018-12-31	CN¥13.68 Billion ≈ $2.00 Billion	+19.36%
2017-12-31	CN¥11.46 Billion ≈ $1.68 Billion	+5.29%
2016-12-31	CN¥10.89 Billion ≈ $1.59 Billion	+19.49%
2015-12-31	CN¥9.11 Billion ≈ $1.33 Billion	+20.31%
2014-12-31	CN¥7.57 Billion ≈ $1.11 Billion	+13.41%
2013-12-31	CN¥6.68 Billion ≈ $977.12 Million	+38.99%
2012-12-31	CN¥4.80 Billion ≈ $703.03 Million	+30.23%
2011-12-31	CN¥3.69 Billion ≈ $539.83 Million	+28.72%
2010-12-31	CN¥2.87 Billion ≈ $419.37 Million	+28.74%
2009-12-31	CN¥2.23 Billion ≈ $325.74 Million	+6.01%
2008-12-31	CN¥2.10 Billion ≈ $307.28 Million	+76.34%
2007-12-31	CN¥1.19 Billion ≈ $174.25 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Ningxia Baofeng 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 74229.0% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2025)

Component	Amount	Percentage
Retained Earnings	CN¥31.03 Billion	64.13%
Common Stock	CN¥7.33 Billion	15.15%
Other Comprehensive Income	CN¥4.06 Billion	8.38%
Other Components	CN¥5.97 Billion	12.33%
Total Equity	CN¥48.39 Billion	100.00%

Ningxia Baofeng Energy Group Co Ltd Competitors by Market Cap

The table below lists competitors of Ningxia Baofeng Energy Group Co Ltd ranked by their market capitalization.

Company	Market Cap
Carnival Corporation NYSE:CCL	$33.03 Billion
LEONARDO ADR 1/2/EO 440 F:FMN	$33.03 Billion
Chunghwa Telecom Co TW:2412	$33.24 Billion
Guotai Junan Securities Co Ltd SHG:601211	$33.31 Billion
NRG Energy Inc. NYSE:NRG	$32.93 Billion
ANSYS Inc NASDAQ:ANSS	$32.91 Billion
Fiserv, Inc. NYSE:FI	$32.90 Billion
RWE Aktiengesellschaft F:RWEA	$32.89 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Ningxia Baofeng Energy Group Co Ltd's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 43,006,220,908 to 48,389,920,000, a change of 5,383,699,092 (12.5%).
Net income of 11,350,296,000 contributed positively to equity growth.
Dividend payments of 6,103,671,000 reduced retained earnings.
Other comprehensive income increased equity by 274,082,747.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	CN¥11.35 Billion	+23.46%
Dividends Paid	CN¥6.10 Billion	-12.61%
Other Comprehensive Income	CN¥274.08 Million	+0.57%
Other Changes	CN¥-137.01 Million	-0.28%
Total Change	CN¥-	12.52%

Book Value vs Market Value Analysis

This analysis compares Ningxia Baofeng 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: 4.62x
The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
The price-to-book ratio has decreased from 171.12x to 4.62x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2007-12-31	CN¥0.18	CN¥30.70	x
2008-12-31	CN¥0.32	CN¥30.70	x
2009-12-31	CN¥0.34	CN¥30.70	x
2010-12-31	CN¥0.42	CN¥30.70	x
2011-12-31	CN¥0.55	CN¥30.70	x
2012-12-31	CN¥1.88	CN¥30.70	x
2013-12-31	CN¥1.15	CN¥30.70	x
2014-12-31	CN¥1.15	CN¥30.70	x
2015-12-31	CN¥1.38	CN¥30.70	x
2016-12-31	CN¥1.65	CN¥30.70	x
2017-12-31	CN¥1.74	CN¥30.70	x
2018-12-31	CN¥2.07	CN¥30.70	x
2019-12-31	CN¥3.30	CN¥30.70	x
2020-12-31	CN¥3.53	CN¥30.70	x
2021-12-31	CN¥4.19	CN¥30.70	x
2022-12-31	CN¥4.63	CN¥30.70	x
2023-12-31	CN¥5.27	CN¥30.70	x
2024-12-31	CN¥5.88	CN¥30.70	x
2025-12-31	CN¥6.65	CN¥30.70	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Ningxia Baofeng 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): 23.46%
The company demonstrates strong efficiency in generating profits from shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 23.72%
• Asset Turnover: 0.53x
• Equity Multiplier: 1.86x
Recent ROE (23.46%) is above the historical average (15.20%), indicating improving capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2007	3.00%	46.87%	0.02x	2.67x	CN¥-83.01 Million
2008	1.58%	4.65%	0.13x	2.69x	CN¥-176.32 Million
2009	2.75%	3.75%	0.22x	3.32x	CN¥-160.97 Million
2010	17.18%	16.76%	0.30x	3.46x	CN¥197.23 Million
2011	27.40%	27.59%	0.28x	3.53x	CN¥629.01 Million
2012	11.80%	17.26%	0.20x	3.37x	CN¥84.45 Million
2013	9.91%	16.37%	0.20x	3.06x	CN¥-5.82 Million
2014	1.66%	3.64%	0.14x	3.31x	CN¥-631.90 Million
2015	16.62%	21.39%	0.27x	2.88x	CN¥603.46 Million
2016	15.78%	21.41%	0.29x	2.54x	CN¥629.67 Million
2017	25.50%	23.77%	0.49x	2.18x	CN¥1.78 Billion
2018	27.01%	28.31%	0.49x	1.96x	CN¥2.33 Billion
2019	16.28%	28.02%	0.41x	1.43x	CN¥1.47 Billion
2020	17.85%	29.02%	0.42x	1.47x	CN¥2.03 Billion
2021	23.04%	30.35%	0.53x	1.45x	CN¥4.00 Billion
2022	18.61%	22.17%	0.49x	1.70x	CN¥2.92 Billion
2023	14.66%	19.39%	0.41x	1.86x	CN¥1.80 Billion
2024	14.74%	19.22%	0.37x	2.08x	CN¥2.04 Billion
2025	23.46%	23.72%	0.53x	1.86x	CN¥6.51 Billion

Industry Comparison

This section compares Ningxia Baofeng Energy Group Co Ltd's net assets metrics with peer companies in the Chemicals industry.

Industry Context

Industry: Chemicals
Average net assets among peers: $3,753,590,140
Average return on equity (ROE) among peers: 4.05%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Ningxia Baofeng Energy Group Co Ltd (600989)	CN¥48.61 Billion	3.00%	0.85x	$32.94 Billion
North Huajin Chemical Industries Co Ltd (000059)	$1.75 Billion	1.31%	0.67x	$1.33 Billion
Sichuan Chemical Co Ltd (000155)	$1.94 Billion	4.27%	0.66x	$4.71 Billion
Jiangsu Wujiang China Eastern Silk Market Co Ltd (000301)	$22.55 Billion	3.40%	1.79x	$12.84 Billion
Zangge Holding Co Ltd (000408)	$5.99 Billion	15.23%	0.23x	$20.51 Billion
Sichuan Jinlu Group Co Ltd (000510)	$1.33 Billion	-13.31%	0.95x	$1.34 Billion
Jilin Gpro Titanium Industry Co Ltd (000545)	$-43.13 Million	0.00%	0.00x	$436.10 Million
Aoyuan Beauty Valley Technology Co Ltd (000615)	$1.96 Billion	5.59%	2.49x	$871.02 Million
Ningxia Younglight Chemicals Co Ltd (000635)	$607.74 Million	6.51%	4.22x	$470.62 Million
Maoming Petro-Chemical Shihua Co Ltd (000637)	$702.67 Million	17.21%	0.08x	$366.68 Million
Inner Mongolia Yuan Xing Energy Co Ltd (000683)	$757.37 Million	0.29%	1.64x	$4.87 Billion

About Ningxia Baofeng Energy Group Co Ltd

SHG:600989 China Chemicals

Market Cap

$32.94 Billion

CN¥225.13 Billion CNY

Market Cap Rank

#802 Global

#50 in China

Share Price

CN¥30.70

Change (1 day)

-1.38%

52-Week Range

CN¥15.39 - CN¥34.70

All Time High

CN¥34.70