Pingdingshan Tianan Coal Mining Co Ltd (601666) - Net Assets
Based on the latest financial reports, Pingdingshan Tianan Coal Mining Co Ltd (601666) has net assets worth CN¥28.62 Billion CNY (≈ $4.19 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¥84.45 Billion ≈ $12.36 Billion USD) and total liabilities (CN¥55.83 Billion ≈ $8.17 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 Pingdingshan Tianan Coal Mining Co Ltd (601666) tangible net worth to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥28.62 Billion |
| % of Total Assets | 33.89% |
| Annual Growth Rate | 15.27% |
| 5-Year Change | 46.84% |
| 10-Year Change | 144.14% |
| Growth Volatility | 26.74 |
Pingdingshan Tianan Coal Mining Co Ltd - Net Assets Trend (2003–2025)
This chart illustrates how Pingdingshan Tianan Coal Mining Co Ltd's net assets have evolved over time, based on quarterly financial data. See Pingdingshan Tianan Coal Mining Co Ltd defensive interval ratio to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Pingdingshan Tianan Coal Mining Co Ltd (2003–2025)
The table below shows the annual net assets of Pingdingshan Tianan Coal Mining Co Ltd from 2003 to 2025. For live valuation and market cap data, see 601666 stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥28.22 Billion ≈ $4.13 Billion |
-3.65% |
| 2024-12-31 | CN¥29.29 Billion ≈ $4.29 Billion |
+0.63% |
| 2023-12-31 | CN¥29.11 Billion ≈ $4.26 Billion |
+17.48% |
| 2022-12-31 | CN¥24.78 Billion ≈ $3.63 Billion |
+28.91% |
| 2021-12-31 | CN¥19.22 Billion ≈ $2.81 Billion |
+8.15% |
| 2020-12-31 | CN¥17.77 Billion ≈ $2.60 Billion |
+9.03% |
| 2019-12-31 | CN¥16.30 Billion ≈ $2.39 Billion |
+10.82% |
| 2018-12-31 | CN¥14.71 Billion ≈ $2.15 Billion |
+7.30% |
| 2017-12-31 | CN¥13.71 Billion ≈ $2.01 Billion |
+18.59% |
| 2016-12-31 | CN¥11.56 Billion ≈ $1.69 Billion |
+16.22% |
| 2015-12-31 | CN¥9.95 Billion ≈ $1.46 Billion |
-17.94% |
| 2014-12-31 | CN¥12.12 Billion ≈ $1.77 Billion |
+0.44% |
| 2013-12-31 | CN¥12.07 Billion ≈ $1.77 Billion |
+3.28% |
| 2012-12-31 | CN¥11.68 Billion ≈ $1.71 Billion |
+6.81% |
| 2011-12-31 | CN¥10.94 Billion ≈ $1.60 Billion |
+12.60% |
| 2010-12-31 | CN¥9.72 Billion ≈ $1.42 Billion |
+21.17% |
| 2009-12-31 | CN¥8.02 Billion ≈ $1.17 Billion |
-15.72% |
| 2008-12-31 | CN¥9.51 Billion ≈ $1.39 Billion |
+49.94% |
| 2007-12-31 | CN¥6.34 Billion ≈ $928.45 Million |
+19.73% |
| 2006-12-31 | CN¥5.30 Billion ≈ $775.44 Million |
+99.90% |
| 2005-12-31 | CN¥2.65 Billion ≈ $387.92 Million |
+20.00% |
| 2004-12-31 | CN¥2.21 Billion ≈ $323.27 Million |
+78.36% |
| 2003-12-31 | CN¥1.24 Billion ≈ $181.24 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Pingdingshan Tianan Coal Mining 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 144910.8% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥11.60 Billion | 46.96% |
| Other Components | CN¥13.10 Billion | 53.04% |
| Total Equity | CN¥24.70 Billion | 100.00% |
Pingdingshan Tianan Coal Mining Co Ltd Competitors by Market Cap
The table below lists competitors of Pingdingshan Tianan Coal Mining Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Zuger Kantonalbank
SW:ZUGER
|
$3.05 Billion |
|
Karur Vysya Bank Limited
NSE:KARURVYSYA
|
$3.05 Billion |
|
Shikun & Binui
TA:SKBN
|
$3.05 Billion |
|
Blackstone Mortgage Trust Inc
NYSE:BXMT
|
$3.05 Billion |
|
Dongguan Yiheda Automation Co. Ltd.
SHE:301029
|
$3.04 Billion |
|
Guangdong Aofei Data Technology Co Ltd Class A
SHE:300738
|
$3.04 Billion |
|
TORM plc
CO:TRMD-A
|
$3.04 Billion |
|
Trigano S.A.
PA:TRI
|
$3.04 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Pingdingshan Tianan Coal Mining Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 26,164,494,000 to 24,701,879,998, a change of -1,462,614,002 (-5.6%).
- Net income of 231,312,162 contributed positively to equity growth.
- Dividend payments of 2,496,332,090 reduced retained earnings.
- Other comprehensive income decreased equity by 2,941,212,000.
- Other factors increased equity by 3,743,617,926.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥231.31 Million | +0.94% |
| Dividends Paid | CN¥2.50 Billion | -10.11% |
| Other Comprehensive Income | CN¥-2.94 Billion | -11.91% |
| Other Changes | CN¥3.74 Billion | +15.16% |
| Total Change | CN¥- | -5.59% |
Book Value vs Market Value Analysis
This analysis compares Pingdingshan Tianan Coal Mining 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: 0.84x
- The company is trading below its book value, potentially indicating the market believes the assets are overvalued on the balance sheet or anticipates future losses.
- The price-to-book ratio has decreased from 11.00x to 0.84x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2003-12-31 | CN¥0.77 | CN¥8.43 | x |
| 2004-12-31 | CN¥1.29 | CN¥8.43 | x |
| 2005-12-31 | CN¥1.57 | CN¥8.43 | x |
| 2006-12-31 | CN¥3.16 | CN¥8.43 | x |
| 2007-12-31 | CN¥2.59 | CN¥8.43 | x |
| 2008-12-31 | CN¥3.92 | CN¥8.43 | x |
| 2009-12-31 | CN¥3.24 | CN¥8.43 | x |
| 2010-12-31 | CN¥3.96 | CN¥8.43 | x |
| 2011-12-31 | CN¥4.42 | CN¥8.43 | x |
| 2012-12-31 | CN¥4.73 | CN¥8.43 | x |
| 2013-12-31 | CN¥4.85 | CN¥8.43 | x |
| 2014-12-31 | CN¥4.87 | CN¥8.43 | x |
| 2015-12-31 | CN¥3.95 | CN¥8.43 | x |
| 2016-12-31 | CN¥4.61 | CN¥8.43 | x |
| 2017-12-31 | CN¥5.07 | CN¥8.43 | x |
| 2018-12-31 | CN¥5.45 | CN¥8.43 | x |
| 2019-12-31 | CN¥6.14 | CN¥8.43 | x |
| 2020-12-31 | CN¥6.81 | CN¥8.43 | x |
| 2021-12-31 | CN¥7.26 | CN¥8.43 | x |
| 2022-12-31 | CN¥9.40 | CN¥8.43 | x |
| 2023-12-31 | CN¥10.64 | CN¥8.43 | x |
| 2024-12-31 | CN¥10.15 | CN¥8.43 | x |
| 2025-12-31 | CN¥10.00 | CN¥8.43 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Pingdingshan Tianan Coal Mining 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): 0.94%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 1.13%
- • Asset Turnover: 0.25x
- • Equity Multiplier: 3.28x
- Recent ROE (0.94%) is below the historical average (13.68%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2003 | 19.76% | 7.60% | 1.34x | 1.93x | CN¥120.82 Million |
| 2004 | 34.57% | 14.60% | 1.20x | 1.98x | CN¥513.38 Million |
| 2005 | 35.72% | 12.56% | 1.42x | 2.00x | CN¥650.91 Million |
| 2006 | 16.92% | 11.57% | 0.87x | 1.67x | CN¥352.70 Million |
| 2007 | 18.06% | 10.38% | 0.96x | 1.81x | CN¥492.33 Million |
| 2008 | 28.71% | 16.06% | 1.01x | 1.77x | CN¥1.73 Billion |
| 2009 | 18.42% | 7.48% | 1.19x | 2.07x | CN¥644.32 Million |
| 2010 | 19.76% | 8.08% | 1.24x | 1.97x | CN¥913.76 Million |
| 2011 | 17.70% | 7.49% | 1.25x | 1.88x | CN¥803.03 Million |
| 2012 | 10.05% | 5.06% | 1.06x | 1.87x | CN¥5.78 Million |
| 2013 | 5.82% | 3.48% | 0.72x | 2.31x | CN¥-478.29 Million |
| 2014 | 1.73% | 1.23% | 0.51x | 2.74x | CN¥-950.72 Million |
| 2015 | -22.90% | -17.18% | 0.35x | 3.79x | CN¥-3.07 Billion |
| 2016 | 7.71% | 5.47% | 0.40x | 3.50x | CN¥-249.14 Million |
| 2017 | 11.50% | 6.64% | 0.48x | 3.60x | CN¥179.92 Million |
| 2018 | 5.55% | 3.43% | 0.43x | 3.80x | CN¥-572.14 Million |
| 2019 | 8.05% | 4.88% | 0.44x | 3.79x | CN¥-279.29 Million |
| 2020 | 8.88% | 6.20% | 0.42x | 3.43x | CN¥-174.28 Million |
| 2021 | 17.41% | 9.84% | 0.46x | 3.81x | CN¥1.24 Billion |
| 2022 | 26.38% | 15.92% | 0.49x | 3.41x | CN¥3.56 Billion |
| 2023 | 14.99% | 12.68% | 0.41x | 2.90x | CN¥1.34 Billion |
| 2024 | 8.98% | 7.76% | 0.39x | 2.93x | CN¥-266.89 Million |
| 2025 | 0.94% | 1.13% | 0.25x | 3.28x | CN¥-2.24 Billion |
Industry Comparison
This section compares Pingdingshan Tianan Coal Mining Co Ltd's net assets metrics with peer companies in the Thermal Coal industry.
Industry Context
- Industry: Thermal Coal
- Average net assets among peers: $12,838,319,330
- Average return on equity (ROE) among peers: 1.41%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Pingdingshan Tianan Coal Mining Co Ltd (601666) | CN¥28.62 Billion | 19.76% | 1.95x | $3.05 Billion |
| Gansu Jingyuan Coal Industry and Electricity Power Co Ltd (000552) | $62.48 Million | -76.57% | 3.98x | $1.90 Billion |
| Jizhong Energy Resources Co Ltd (000937) | $1.69 Billion | 8.11% | 0.51x | $2.31 Billion |
| Shanxi Xishan Coal and Electricity Power Co Ltd (000983) | $21.19 Billion | 7.40% | 1.73x | $5.29 Billion |
| Huolinhe Opencut Coal Industry Corp Ltd of Inner Mongolia (002128) | $599.78 Million | 25.34% | 1.79x | $7.92 Billion |
| Guangzhou Development Group Inc (600098) | $3.80 Billion | 13.94% | 0.94x | $3.38 Billion |
| Zhengzhou Coal Industry & Electric Power Co Ltd (600121) | $1.49 Billion | 12.59% | 1.13x | $727.43 Million |
| Shanxi Lanhua Sci-Tech Venture Co Ltd (600123) | $880.39 Million | 9.57% | 0.89x | $1.30 Billion |
| Wintime Energy Co Ltd (600157) | $362.48 Million | 3.10% | 1.54x | $5.24 Billion |
| Yankuang Energy Group Co Ltd (600188) | $84.95 Billion | 10.02% | 1.40x | $16.91 Billion |
| Shan XI Hua Yang Group New Energy Co Ltd (600348) | $13.35 Billion | 0.61% | 1.52x | $4.32 Billion |
About Pingdingshan Tianan Coal Mining Co Ltd
Pingdingshan Tianan Coal. Mining Co., Ltd. engages in the mining, washing, processing, and sale of coal in China. It offers coking, thermal, blended, and smelted clean coal. The company was incorporated in 1998 and is headquartered in Pingdingshan, China.