China Shenhua Energy Co (601088) - Net Assets
Based on the latest financial reports, China Shenhua Energy Co (601088) has net assets worth CN¥470.10 Billion CNY 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) and total liabilities (CN¥212.43 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¥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 and compare other companies by net assets.
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.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥503.95 Billion | +5.35% |
| 2023-12-31 | CN¥478.37 Billion | +4.16% |
| 2022-12-31 | CN¥459.25 Billion | +3.04% |
| 2021-12-31 | CN¥445.68 Billion | +4.83% |
| 2020-12-31 | CN¥425.13 Billion | +2.29% |
| 2019-12-31 | CN¥415.62 Billion | +2.76% |
| 2018-12-31 | CN¥404.45 Billion | +7.96% |
| 2017-12-31 | CN¥374.63 Billion | -1.39% |
| 2016-12-31 | CN¥379.90 Billion | +6.07% |
| 2015-12-31 | CN¥358.16 Billion | +0.71% |
| 2014-12-31 | CN¥355.63 Billion | +7.92% |
| 2013-12-31 | CN¥329.54 Billion | +8.83% |
| 2012-12-31 | CN¥302.80 Billion | +15.80% |
| 2011-12-31 | CN¥261.48 Billion | +14.70% |
| 2010-12-31 | CN¥227.97 Billion | +15.86% |
| 2009-12-31 | CN¥196.76 Billion | +12.99% |
| 2008-12-31 | CN¥174.14 Billion | +17.02% |
| 2007-12-31 | CN¥148.82 Billion | +76.73% |
| 2006-12-31 | CN¥84.21 Billion | +15.15% |
| 2005-12-31 | CN¥73.12 Billion | +82.44% |
| 2004-12-31 | CN¥40.08 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 |
|---|---|
|
Starbucks Corporation
NASDAQ:SBUX
|
$110.42 Billion |
|
Medtronic PLC
NYSE:MDT
|
$110.50 Billion |
|
FAST RETAIL.CO.SP.HDR 1
F:FR7H
|
$111.69 Billion |
|
Vertex Pharmaceuticals Inc
NASDAQ:VRTX
|
$111.94 Billion |
|
Intuit Inc
NASDAQ:INTU
|
$109.43 Billion |
|
UNILEVER PLC LS -,035
XETRA:UNV0
|
$109.26 Billion |
|
DBS Group Holdings Ltd
F:DEVL
|
$109.25 Billion |
|
HCA Holdings Inc
NYSE:HCA
|
$109.13 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: 2.12x
- 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 25.77x to 2.12x 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¥45.55 | x |
| 2005-12-31 | CN¥3.45 | CN¥45.55 | x |
| 2006-12-31 | CN¥3.64 | CN¥45.55 | x |
| 2007-12-31 | CN¥6.92 | CN¥45.55 | x |
| 2008-12-31 | CN¥7.49 | CN¥45.55 | x |
| 2009-12-31 | CN¥8.51 | CN¥45.55 | x |
| 2010-12-31 | CN¥9.90 | CN¥45.55 | x |
| 2011-12-31 | CN¥11.21 | CN¥45.55 | x |
| 2012-12-31 | CN¥12.72 | CN¥45.55 | x |
| 2013-12-31 | CN¥13.70 | CN¥45.55 | x |
| 2014-12-31 | CN¥14.67 | CN¥45.55 | x |
| 2015-12-31 | CN¥14.73 | CN¥45.55 | x |
| 2016-12-31 | CN¥15.71 | CN¥45.55 | x |
| 2017-12-31 | CN¥15.16 | CN¥45.55 | x |
| 2018-12-31 | CN¥16.48 | CN¥45.55 | x |
| 2019-12-31 | CN¥17.69 | CN¥45.55 | x |
| 2020-12-31 | CN¥18.13 | CN¥45.55 | x |
| 2021-12-31 | CN¥18.97 | CN¥45.55 | x |
| 2022-12-31 | CN¥19.82 | CN¥45.55 | x |
| 2023-12-31 | CN¥20.57 | CN¥45.55 | x |
| 2024-12-31 | CN¥21.48 | CN¥45.55 | 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: $7,235,892,143
- Average return on equity (ROE) among peers: 23.02%
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 | $109.92 Billion |
| Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552) | $6.87 Billion | 8.04% | 0.43x | $2.08 Billion |
| Jizhong Energy Resources Co Ltd (000937) | $6.26 Billion | 42.24% | 0.77x | $2.86 Billion |
| Shanxi Xishan Coal and Electricity Power Co Ltd (000983) | $23.13 Billion | 7.39% | 1.82x | $5.28 Billion |
| Shaanxi Energy Investment Co Ltd. A (001286) | $21.31 Billion | 11.61% | 1.64x | $6.08 Billion |
| Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128) | $8.43 Billion | 7.14% | 0.65x | $11.05 Billion |
| Guangzhou Development Group Inc (600098) | $3.48 Billion | 15.05% | 1.15x | $3.60 Billion |
| Zhengzhou Coal Industry & Electric Power Co Ltd (600121) | $1.30 Billion | 6.16% | 0.68x | $729.21 Million |
| Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) | $628.14 Million | 10.98% | 0.93x | $1.33 Billion |
| Wintime Energy Co Ltd (600157) | $339.87 Million | -1.62% | 1.55x | $5.36 Billion |
| Yankuang Energy Group Co Ltd (600188) | $605.25 Million | 123.19% | 3.87x | $16.58 Billion |
About China Shenhua Energy Co
China Shenhua Energy Company Limited, together with its subsidiaries, engages in the production and sale of coal and power; railway, port, and shipping transportation; and coal-to-olefins businesses in the People's Republic of China and internationally. The company operates through six segments: Coal Operations, Power Operations, Railway Operations, Port Operations, Shipping Operations, and Coal … Read more