Ningxia Jiaze Renewables Corp (601619) - Net Assets
Based on the latest financial reports, Ningxia Jiaze Renewables Corp (601619) has net assets worth CN¥8.05 Billion CNY (≈ $1.18 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (CN¥22.86 Billion ≈ $3.35 Billion USD) and total liabilities (CN¥14.81 Billion ≈ $2.17 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 how strategically is Ningxia Jiaze Renewables Corp's equity deployed to assess the company's strategic physical and investment asset allocation.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥8.05 Billion |
| % of Total Assets | 35.21% |
| Annual Growth Rate | 20.93% |
| 5-Year Change | 51.57% |
| 10-Year Change | 284.69% |
| Growth Volatility | 17.07 |
Ningxia Jiaze Renewables Corp - Net Assets Trend (2012–2025)
This chart illustrates how Ningxia Jiaze Renewables Corp's net assets have evolved over time, based on quarterly financial data. For live market cap and overall valuation, see Ningxia Jiaze Renewables Corp market cap and net worth.
Annual Net Assets for Ningxia Jiaze Renewables Corp (2012–2025)
The table below shows the annual net assets of Ningxia Jiaze Renewables Corp from 2012 to 2025. Also explore net asset growth rate of Ningxia Jiaze Renewables Corp to track the company's year-over-year net asset growth rate.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥7.95 Billion ≈ $1.16 Billion |
+16.74% |
| 2024-12-31 | CN¥6.81 Billion ≈ $996.97 Million |
+5.68% |
| 2023-12-31 | CN¥6.45 Billion ≈ $943.39 Million |
+12.62% |
| 2022-12-31 | CN¥5.72 Billion ≈ $837.65 Million |
+9.08% |
| 2021-12-31 | CN¥5.25 Billion ≈ $767.90 Million |
+43.22% |
| 2020-12-31 | CN¥3.66 Billion ≈ $536.16 Million |
+10.24% |
| 2019-12-31 | CN¥3.32 Billion ≈ $486.37 Million |
+25.54% |
| 2018-12-31 | CN¥2.65 Billion ≈ $387.41 Million |
+8.86% |
| 2017-12-31 | CN¥2.43 Billion ≈ $355.87 Million |
+17.62% |
| 2016-12-31 | CN¥2.07 Billion ≈ $302.56 Million |
+7.15% |
| 2015-12-31 | CN¥1.93 Billion ≈ $282.37 Million |
+67.03% |
| 2014-12-31 | CN¥1.16 Billion ≈ $169.06 Million |
+27.06% |
| 2013-12-31 | CN¥909.24 Million ≈ $133.05 Million |
+35.19% |
| 2012-12-31 | CN¥672.56 Million ≈ $98.42 Million |
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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 25744.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥2.44 Billion | 30.80% |
| Other Components | CN¥5.48 Billion | 69.20% |
| Total Equity | CN¥7.93 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 |
|---|---|
|
Austevoll Seafood ASA
OL:AUSS
|
$1.75 Billion |
|
Vukile Property Fund Ltd
JSE:VKE
|
$1.75 Billion |
|
Jafron Biomedical Co Ltd
SHE:300529
|
$1.75 Billion |
|
ISC Co. Ltd
KQ:095340
|
$1.75 Billion |
|
Xiamen ITG Group Corp Ltd
SHG:600755
|
$1.75 Billion |
|
STELLAR BANCORP DL -01
F:C9N0
|
$1.75 Billion |
|
S&T Bancorp Inc
NASDAQ:STBA
|
$1.75 Billion |
|
NCC AB (publ)
ST:NCC-B
|
$1.75 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 2024 to 2025, total equity changed from 6,896,284,951 to 7,925,401,541, a change of 1,029,116,590 (14.9%).
- Net income of 714,231,358 contributed positively to equity growth.
- Dividend payments of 566,238,095 reduced retained earnings.
- Other factors increased equity by 881,123,327.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥714.23 Million | +9.01% |
| Dividends Paid | CN¥566.24 Million | -7.14% |
| Other Changes | CN¥881.12 Million | +11.12% |
| Total Change | CN¥- | 14.92% |
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: 1.51x
- 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 7.51x to 1.51x 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¥4.11 | x |
| 2013-12-31 | CN¥0.67 | CN¥4.11 | x |
| 2014-12-31 | CN¥0.91 | CN¥4.11 | x |
| 2015-12-31 | CN¥1.48 | CN¥4.11 | x |
| 2016-12-31 | CN¥1.19 | CN¥4.11 | x |
| 2017-12-31 | CN¥1.33 | CN¥4.11 | x |
| 2018-12-31 | CN¥1.38 | CN¥4.11 | x |
| 2019-12-31 | CN¥1.70 | CN¥4.11 | x |
| 2020-12-31 | CN¥1.66 | CN¥4.11 | x |
| 2021-12-31 | CN¥2.17 | CN¥4.11 | x |
| 2022-12-31 | CN¥2.43 | CN¥4.11 | x |
| 2023-12-31 | CN¥2.60 | CN¥4.11 | x |
| 2024-12-31 | CN¥2.74 | CN¥4.11 | x |
| 2025-12-31 | CN¥2.72 | CN¥4.11 | 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): 9.01%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 28.58%
- • Asset Turnover: 0.11x
- • Equity Multiplier: 2.88x
- Recent ROE (9.01%) is above the historical average (7.62%), 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 |
| 2025 | 9.01% | 28.58% | 0.11x | 2.88x | CN¥-78.31 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: $6,032,930,280
- Average return on equity (ROE) among peers: 3.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningxia Jiaze Renewables Corp (601619) | CN¥8.05 Billion | 1.77% | 1.84x | $1.75 Billion |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $880.06 Million | 3.18% | 1.31x | $106.61 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $686.46 Million | -5.69% | 3.00x | $2.28 Billion |
| Guangdong Electric Power Development Co Ltd (000539) | $13.08 Billion | 5.85% | 1.68x | $3.39 Billion |
| CECEP Solar Energy Co Ltd (000591) | $248.35 Million | 10.09% | 0.97x | $2.46 Billion |
| GEPIC Energy Development Co Ltd (000791) | $6.02 Billion | 4.34% | 2.30x | $3.52 Billion |
| Tieling Newcity Investment Holding Ltd (000809) | $242.88 Million | 9.67% | 1.10x | $430.87 Million |
| Hubei Energy Group Co Ltd (000883) | $36.72 Billion | 3.17% | 1.16x | $4.21 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.40 Billion | -6.83% | 0.84x | $1.31 Billion |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $479.05 Million | 10.68% | 8.78x | $841.15 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $563.97 Million | 3.76% | 0.21x | $939.52 Million |
About 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 five segments: New Energy Power Station Development-Construction-Operation-Sale; New Energy Power Plant Operation and Maintenance Management Services; Rooftop Distributed Photovoltaic; N… Read more