China Shenhua Energy Co (601088) - Net Assets

Latest as of June 2025: CN¥470.10 Billion CNY ≈ $68.79 Billion USD

Based on the latest financial reports, China Shenhua Energy Co (601088) has net assets worth CN¥470.10 Billion CNY (≈ $68.79 Billion USD) as of June 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥682.53 Billion ≈ $99.88 Billion USD) and total liabilities (CN¥212.43 Billion ≈ $31.09 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. Explore 601088 cash flow conversion to assess how effectively this company generates cash.

Key Net Assets Metrics

Metric	Value
Current Net Assets	CN¥470.10 Billion
% of Total Assets	68.88%
Annual Growth Rate	13.49%
5-Year Change	18.54%
10-Year Change	40.71%
Growth Volatility	22.17

China Shenhua Energy Co - Net Assets Trend (2004–2024)

This chart illustrates how China Shenhua Energy Co's net assets have evolved over time, based on quarterly financial data. Explore 601088 long-term investments to assets to see how much of total assets are deployed in long-term investments.

Annual Net Assets for China Shenhua Energy Co (2004–2024)

The table below shows the annual net assets of China Shenhua Energy Co from 2004 to 2024. For live valuation and market cap data, see how much is China Shenhua Energy Co worth.

Year	Net Assets	Change
2024-12-31	CN¥503.95 Billion ≈ $73.74 Billion	+5.35%
2023-12-31	CN¥478.37 Billion ≈ $70.00 Billion	+4.16%
2022-12-31	CN¥459.25 Billion ≈ $67.20 Billion	+3.04%
2021-12-31	CN¥445.68 Billion ≈ $65.22 Billion	+4.83%
2020-12-31	CN¥425.13 Billion ≈ $62.21 Billion	+2.29%
2019-12-31	CN¥415.62 Billion ≈ $60.82 Billion	+2.76%
2018-12-31	CN¥404.45 Billion ≈ $59.18 Billion	+7.96%
2017-12-31	CN¥374.63 Billion ≈ $54.82 Billion	-1.39%
2016-12-31	CN¥379.90 Billion ≈ $55.59 Billion	+6.07%
2015-12-31	CN¥358.16 Billion ≈ $52.41 Billion	+0.71%
2014-12-31	CN¥355.63 Billion ≈ $52.04 Billion	+7.92%
2013-12-31	CN¥329.54 Billion ≈ $48.22 Billion	+8.83%
2012-12-31	CN¥302.80 Billion ≈ $44.31 Billion	+15.80%
2011-12-31	CN¥261.48 Billion ≈ $38.26 Billion	+14.70%
2010-12-31	CN¥227.97 Billion ≈ $33.36 Billion	+15.86%
2009-12-31	CN¥196.76 Billion ≈ $28.79 Billion	+12.99%
2008-12-31	CN¥174.14 Billion ≈ $25.48 Billion	+17.02%
2007-12-31	CN¥148.82 Billion ≈ $21.78 Billion	+76.73%
2006-12-31	CN¥84.21 Billion ≈ $12.32 Billion	+15.15%
2005-12-31	CN¥73.12 Billion ≈ $10.70 Billion	+82.44%
2004-12-31	CN¥40.08 Billion ≈ $5.87 Billion	--

Equity Component Analysis

This analysis shows how different components contribute to China Shenhua Energy Co'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 3828.9% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (December 2024)

Component	Amount	Percentage
Retained Earnings	CN¥302.25 Billion	70.81%
Common Stock	CN¥19.87 Billion	4.65%
Other Comprehensive Income	CN¥37.04 Billion	8.68%
Other Components	CN¥67.70 Billion	15.86%
Total Equity	CN¥426.87 Billion	100.00%

China Shenhua Energy Co Competitors by Market Cap

The table below lists competitors of China Shenhua Energy Co ranked by their market capitalization.

Company	Market Cap
Bank of Montreal TO:BMO	$116.70 Billion
Safran SA PA:SAF	$116.99 Billion
China Merchants Bank Co Ltd SHG:600036	$117.12 Billion
Pinduoduo Inc F:9PDA	$117.86 Billion
Banco Bilbao Vizcaya Argentaria SA MC:BBVA	$115.90 Billion
Lowe's Companies Inc NYSE:LOW	$115.73 Billion
Progressive Corp NYSE:PGR	$115.36 Billion
Newmont Corporation AU:NEM	$115.04 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in China Shenhua Energy Co's equity between the two most recent reporting periods.

Equity Growth Insights

From 2023 to 2024, total equity changed from 408,692,000,000 to 426,866,000,000, a change of 18,174,000,000 (4.4%).
Net income of 62,421,000,000 contributed positively to equity growth.
Dividend payments of 44,903,000,000 reduced retained earnings.
Other comprehensive income increased equity by 37,044,000,000.
Other factors decreased equity by 36,388,000,000.

Equity Change Factors (2023 to 2024)

Factor	Impact	Contribution
Net Income	CN¥62.42 Billion	+14.62%
Dividends Paid	CN¥44.90 Billion	-10.52%
Other Comprehensive Income	CN¥37.04 Billion	+8.68%
Other Changes	CN¥-36.39 Billion	-8.52%
Total Change	CN¥-	4.45%

Book Value vs Market Value Analysis

This analysis compares China Shenhua Energy Co'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: 2.25x
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 27.30x to 2.25x 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¥1.77	CN¥48.24	x
2005-12-31	CN¥3.45	CN¥48.24	x
2006-12-31	CN¥3.64	CN¥48.24	x
2007-12-31	CN¥6.92	CN¥48.24	x
2008-12-31	CN¥7.49	CN¥48.24	x
2009-12-31	CN¥8.51	CN¥48.24	x
2010-12-31	CN¥9.90	CN¥48.24	x
2011-12-31	CN¥11.21	CN¥48.24	x
2012-12-31	CN¥12.72	CN¥48.24	x
2013-12-31	CN¥13.70	CN¥48.24	x
2014-12-31	CN¥14.67	CN¥48.24	x
2015-12-31	CN¥14.73	CN¥48.24	x
2016-12-31	CN¥15.71	CN¥48.24	x
2017-12-31	CN¥15.16	CN¥48.24	x
2018-12-31	CN¥16.48	CN¥48.24	x
2019-12-31	CN¥17.69	CN¥48.24	x
2020-12-31	CN¥18.13	CN¥48.24	x
2021-12-31	CN¥18.97	CN¥48.24	x
2022-12-31	CN¥19.82	CN¥48.24	x
2023-12-31	CN¥20.57	CN¥48.24	x
2024-12-31	CN¥21.48	CN¥48.24	x

Capital Efficiency Dashboard

This dashboard shows how efficiently China Shenhua Energy Co 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): 14.62%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 18.45%
• Asset Turnover: 0.51x
• Equity Multiplier: 1.54x
Recent ROE (14.62%) is below the historical average (16.52%), 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	29.76%	20.09%	0.35x	4.24x	CN¥5.24 Billion
2005	25.54%	28.14%	0.37x	2.44x	CN¥8.94 Billion
2006	24.93%	25.59%	0.39x	2.48x	CN¥9.84 Billion
2007	15.41%	24.07%	0.34x	1.86x	CN¥6.94 Billion
2008	17.85%	24.82%	0.38x	1.87x	CN¥11.69 Billion
2009	17.88%	24.96%	0.39x	1.83x	CN¥13.34 Billion
2010	18.88%	24.45%	0.45x	1.72x	CN¥17.50 Billion
2011	20.09%	21.53%	0.52x	1.78x	CN¥22.51 Billion
2012	19.64%	19.53%	0.56x	1.79x	CN¥24.40 Billion
2013	16.55%	15.88%	0.56x	1.86x	CN¥17.84 Billion
2014	13.47%	15.53%	0.48x	1.83x	CN¥10.12 Billion
2015	6.03%	9.97%	0.32x	1.89x	CN¥-11.63 Billion
2016	7.97%	13.60%	0.32x	1.83x	CN¥-6.33 Billion
2017	15.85%	19.21%	0.44x	1.88x	CN¥17.65 Billion
2018	13.47%	16.71%	0.45x	1.79x	CN¥11.36 Billion
2019	11.85%	17.24%	0.43x	1.59x	CN¥6.51 Billion
2020	9.95%	15.37%	0.42x	1.55x	CN¥-169.90 Million
2021	13.64%	15.32%	0.55x	1.61x	CN¥13.73 Billion
2022	17.68%	20.22%	0.55x	1.58x	CN¥30.26 Billion
2023	15.81%	18.84%	0.54x	1.54x	CN¥23.76 Billion
2024	14.62%	18.45%	0.51x	1.54x	CN¥19.73 Billion

Industry Comparison

This section compares China Shenhua Energy Co's net assets metrics with peer companies in the Thermal Coal industry.

Industry Context

Industry: Thermal Coal
Average net assets among peers: $12,404,889,200
Average return on equity (ROE) among peers: 8.95%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
China Shenhua Energy Co (601088)	CN¥470.10 Billion	29.76%	0.45x	$116.41 Billion
Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552)	$16.82 Billion	-1.26%	1.20x	$2.24 Billion
Jizhong Energy Resources Co Ltd (000937)	$2.97 Billion	17.96%	0.35x	$2.89 Billion
Shanxi Xishan Coal and Electricity Power Co Ltd (000983)	$2.80 Billion	6.93%	0.36x	$6.11 Billion
Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128)	$18.74 Billion	13.16%	0.80x	$10.30 Billion
Guangzhou Development Group Inc (600098)	$10.43 Billion	10.46%	0.37x	$4.11 Billion
Zhengzhou Coal Industry & Electric Power Co Ltd (600121)	$4.44 Billion	-12.25%	1.50x	$921.77 Million
Shanxi Lanhua Sci-Tech Venture Co Ltd (600123)	$1.29 Billion	21.81%	0.76x	$1.55 Billion
Wintime Energy Co Ltd (600157)	$54.24 Billion	0.38%	1.05x	$5.87 Billion
Yankuang Energy Group Co Ltd (600188)	$9.66 Billion	10.38%	0.34x	$20.82 Billion
Shan XI Hua Yang Group New Energy Co Ltd (600348)	$2.66 Billion	21.90%	1.10x	$4.97 Billion

About China Shenhua Energy Co

SHG:601088 China Thermal Coal

Market Cap

$116.41 Billion

CN¥795.53 Billion CNY

Market Cap Rank

#209 Global

#11 in China

Share Price

CN¥48.24

Change (1 day)

-1.55%

52-Week Range

CN¥36.80 - CN¥49.55

All Time High

CN¥49.55