Ningxia Jiaze Renewables Corp
Jiaze Renewables Corporation Limited, together with its subsidiaries, engages in the development, construction, sale, operation, and maintenance of new energy power stations in China. The company operates through New Energy Power Station Development-Construction-Operation-Sale; New Energy Power Station Operation and Maintenance Management Services; Rooftop Distributed Photovoltaic; New Energy Ind… Read more
Ningxia Jiaze Renewables Corp (601619) - Net Assets
Latest net assets as of September 2025: CN¥8.00 Billion CNY
Based on the latest financial reports, Ningxia Jiaze Renewables Corp (601619) has net assets worth CN¥8.00 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¥23.91 Billion) and total liabilities (CN¥15.91 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¥8.00 Billion |
| % of Total Assets | 33.47% |
| Annual Growth Rate | 21.28% |
| 5-Year Change | 85.95% |
| 10-Year Change | 253.07% |
| Growth Volatility | 17.7 |
Ningxia Jiaze Renewables Corp - Net Assets Trend (2012–2024)
This chart illustrates how Ningxia Jiaze Renewables Corp's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ningxia Jiaze Renewables Corp (2012–2024)
The table below shows the annual net assets of Ningxia Jiaze Renewables Corp from 2012 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥6.81 Billion | +5.68% |
| 2023-12-31 | CN¥6.45 Billion | +12.62% |
| 2022-12-31 | CN¥5.72 Billion | +9.08% |
| 2021-12-31 | CN¥5.25 Billion | +43.22% |
| 2020-12-31 | CN¥3.66 Billion | +10.24% |
| 2019-12-31 | CN¥3.32 Billion | +25.54% |
| 2018-12-31 | CN¥2.65 Billion | +8.86% |
| 2017-12-31 | CN¥2.43 Billion | +17.62% |
| 2016-12-31 | CN¥2.07 Billion | +7.15% |
| 2015-12-31 | CN¥1.93 Billion | +67.03% |
| 2014-12-31 | CN¥1.16 Billion | +27.06% |
| 2013-12-31 | CN¥909.24 Million | +35.19% |
| 2012-12-31 | CN¥672.56 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ningxia Jiaze Renewables Corp'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 27585.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.61 Billion | 37.92% |
| Common Stock | CN¥2.43 Billion | 35.30% |
| Other Components | CN¥1.85 Billion | 26.78% |
| Total Equity | CN¥6.90 Billion | 100.00% |
Ningxia Jiaze Renewables Corp Competitors by Market Cap
The table below lists competitors of Ningxia Jiaze Renewables Corp ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
NAPCO Security Technologies Inc
NASDAQ:NSSC
|
$1.49 Billion |
|
NRW Holdings Ltd
AU:NWH
|
$1.49 Billion |
|
Sejahteraraya Anugrahjaya Tbk
JK:SRAJ
|
$1.49 Billion |
|
Novavax Inc
NASDAQ:NVAX
|
$1.49 Billion |
|
Worthington Industries Inc
NYSE:WOR
|
$1.49 Billion |
|
ShenZhen YUTO Packaging Technology Co Ltd
SHE:002831
|
$1.49 Billion |
|
Shenzhen Kstar Science & Technology Co Ltd
SHE:002518
|
$1.49 Billion |
|
Financière Amuse TopCo SAS
ST:ASMDEE-B
|
$1.49 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningxia Jiaze Renewables Corp's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 6,531,617,136 to 6,896,284,951, a change of 364,667,815 (5.6%).
- Net income of 630,123,884 contributed positively to equity growth.
- Dividend payments of 431,567,419 reduced retained earnings.
- Other factors increased equity by 166,111,350.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥630.12 Million | +9.14% |
| Dividends Paid | CN¥431.57 Million | -6.26% |
| Other Changes | CN¥166.11 Million | +2.41% |
| Total Change | CN¥- | 5.58% |
Book Value vs Market Value Analysis
This analysis compares Ningxia Jiaze Renewables Corp'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: 2.36x
- 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 11.79x to 2.36x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2012-12-31 | CN¥0.55 | CN¥6.45 | x |
| 2013-12-31 | CN¥0.67 | CN¥6.45 | x |
| 2014-12-31 | CN¥0.91 | CN¥6.45 | x |
| 2015-12-31 | CN¥1.48 | CN¥6.45 | x |
| 2016-12-31 | CN¥1.19 | CN¥6.45 | x |
| 2017-12-31 | CN¥1.33 | CN¥6.45 | x |
| 2018-12-31 | CN¥1.38 | CN¥6.45 | x |
| 2019-12-31 | CN¥1.70 | CN¥6.45 | x |
| 2020-12-31 | CN¥1.66 | CN¥6.45 | x |
| 2021-12-31 | CN¥2.17 | CN¥6.45 | x |
| 2022-12-31 | CN¥2.43 | CN¥6.45 | x |
| 2023-12-31 | CN¥2.60 | CN¥6.45 | x |
| 2024-12-31 | CN¥2.74 | CN¥6.45 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningxia Jiaze Renewables Corp 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): 9.14%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 26.02%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 3.22x
- Recent ROE (9.14%) is above the historical average (7.51%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2012 | 1.77% | 12.50% | 0.03x | 4.24x | CN¥-54.91 Million |
| 2013 | 4.76% | 18.11% | 0.07x | 3.99x | CN¥-47.26 Million |
| 2014 | 4.38% | 12.96% | 0.08x | 4.16x | CN¥-64.87 Million |
| 2015 | 2.70% | 13.85% | 0.05x | 3.67x | CN¥-140.95 Million |
| 2016 | 6.63% | 19.80% | 0.09x | 3.81x | CN¥-69.69 Million |
| 2017 | 6.79% | 19.83% | 0.09x | 3.67x | CN¥-78.08 Million |
| 2018 | 10.17% | 25.19% | 0.12x | 3.32x | CN¥4.56 Million |
| 2019 | 8.82% | 26.28% | 0.12x | 2.75x | CN¥-39.17 Million |
| 2020 | 5.41% | 19.58% | 0.08x | 3.34x | CN¥-168.34 Million |
| 2021 | 14.74% | 53.32% | 0.12x | 2.30x | CN¥247.91 Million |
| 2022 | 10.02% | 31.63% | 0.10x | 3.26x | CN¥1.10 Million |
| 2023 | 12.29% | 33.42% | 0.12x | 3.04x | CN¥149.90 Million |
| 2024 | 9.14% | 26.02% | 0.11x | 3.22x | CN¥-59.50 Million |
Industry Comparison
This section compares Ningxia Jiaze Renewables Corp's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,781,691,745
- Average return on equity (ROE) among peers: 10.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningxia Jiaze Renewables Corp (601619) | CN¥8.00 Billion | 1.77% | 1.99x | $1.49 Billion |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $867.90 Million | 2.09% | 1.86x | $58.47 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $277.96 Million | 10.57% | 1.45x | $889.49 Million |
| CECEP Solar Energy Co Ltd (000591) | $162.02 Million | 10.48% | 1.97x | $2.20 Billion |
| GEPIC Energy Development Co Ltd (000791) | $7.49 Billion | 5.90% | 1.54x | $765.93 Million |
| Tieling Newcity Investment Holding Ltd (000809) | $3.45 Billion | 20.56% | 0.64x | $269.10 Million |
| Hubei Energy Group Co Ltd (000883) | $730.62 Million | 9.40% | 0.33x | $1.99 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.70 Billion | 3.61% | 1.46x | $406.20 Million |
| Xinjiang Lixin Energy Co. Ltd. A (001258) | $2.92 Billion | 1.72% | 4.24x | $377.98 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $148.08 Million | 3.32% | 6.54x | $718.01 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $65.12 Million | 40.54% | 1.51x | $785.39 Million |