Fengfan Power
Changshu Fengfan Power Equipment Co., Ltd. engages in the research and development, production, and sale of voltage transmission line corner towers, steel pipe composite towers, various pipelines, substation structural supports, steel pipes, and other steel structural parts in China. The company is also involved in the production and sale of cold-formed steel, square and rectangular steel pipes, … Read more
Fengfan Power (601700) - Net Assets
Latest net assets as of September 2025: CN¥2.75 Billion CNY
Based on the latest financial reports, Fengfan Power (601700) has net assets worth CN¥2.75 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¥7.54 Billion) and total liabilities (CN¥4.80 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¥2.75 Billion |
| % of Total Assets | 36.41% |
| Annual Growth Rate | 18.33% |
| 5-Year Change | 11.13% |
| 10-Year Change | 2.99% |
| Growth Volatility | 75.76 |
Fengfan Power - Net Assets Trend (2007–2024)
This chart illustrates how Fengfan Power's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Fengfan Power (2007–2024)
The table below shows the annual net assets of Fengfan Power from 2007 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥2.90 Billion | -5.45% |
| 2023-12-31 | CN¥3.07 Billion | +16.64% |
| 2022-12-31 | CN¥2.63 Billion | -0.14% |
| 2021-12-31 | CN¥2.64 Billion | +0.91% |
| 2020-12-31 | CN¥2.61 Billion | +9.04% |
| 2019-12-31 | CN¥2.40 Billion | -16.14% |
| 2018-12-31 | CN¥2.86 Billion | -4.05% |
| 2017-12-31 | CN¥2.98 Billion | -2.07% |
| 2016-12-31 | CN¥3.04 Billion | +7.87% |
| 2015-12-31 | CN¥2.82 Billion | -0.07% |
| 2014-12-31 | CN¥2.82 Billion | +2.34% |
| 2013-12-31 | CN¥2.76 Billion | +6.82% |
| 2012-12-31 | CN¥2.58 Billion | +4.30% |
| 2011-12-31 | CN¥2.47 Billion | +318.73% |
| 2010-12-31 | CN¥590.91 Million | +38.92% |
| 2009-12-31 | CN¥425.38 Million | +82.11% |
| 2008-12-31 | CN¥233.58 Million | +40.77% |
| 2007-12-31 | CN¥165.93 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Fengfan Power'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 915.0% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥121.29 Million | 4.53% |
| Common Stock | CN¥1.14 Billion | 42.64% |
| Other Comprehensive Income | CN¥214.99 Million | 8.03% |
| Other Components | CN¥1.20 Billion | 44.80% |
| Total Equity | CN¥2.68 Billion | 100.00% |
Fengfan Power Competitors by Market Cap
The table below lists competitors of Fengfan Power ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
BOUVET ASA NK 01
F:BV4
|
$458.49 Million |
|
Shanghai Kinetic Medical Co
SHE:300326
|
$458.69 Million |
|
Chung Hung Steel Corp
TW:2014
|
$458.80 Million |
|
FIT Hon Teng Limited
PINK:FITGF
|
$458.84 Million |
|
NV Nederlandsche Apparatenfabriek Nedap
AS:NEDAP
|
$458.45 Million |
|
Jinlongyu Group Co Ltd Class A
SHE:002882
|
$458.43 Million |
|
Glenveagh Properties PLC
PINK:GLVHF
|
$458.41 Million |
|
SAGA PLC LS -15
F:65J
|
$458.35 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Fengfan Power's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 2,656,182,845 to 2,678,694,131, a change of 22,511,286 (0.8%).
- Net income of 91,288,576 contributed positively to equity growth.
- Dividend payments of 141,922,896 reduced retained earnings.
- Other comprehensive income increased equity by 27,121,691.
- Other factors increased equity by 46,023,915.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥91.29 Million | +3.41% |
| Dividends Paid | CN¥141.92 Million | -5.3% |
| Other Comprehensive Income | CN¥27.12 Million | +1.01% |
| Other Changes | CN¥46.02 Million | +1.72% |
| Total Change | CN¥- | 0.85% |
Book Value vs Market Value Analysis
This analysis compares Fengfan Power'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: 2.68x
- 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 11.37x to 2.68x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2007-12-31 | CN¥0.55 | CN¥6.30 | x |
| 2008-12-31 | CN¥0.55 | CN¥6.30 | x |
| 2009-12-31 | CN¥0.55 | CN¥6.30 | x |
| 2010-12-31 | CN¥0.72 | CN¥6.30 | x |
| 2011-12-31 | CN¥2.32 | CN¥6.30 | x |
| 2012-12-31 | CN¥2.34 | CN¥6.30 | x |
| 2013-12-31 | CN¥2.51 | CN¥6.30 | x |
| 2014-12-31 | CN¥2.43 | CN¥6.30 | x |
| 2015-12-31 | CN¥2.50 | CN¥6.30 | x |
| 2016-12-31 | CN¥2.62 | CN¥6.30 | x |
| 2017-12-31 | CN¥2.58 | CN¥6.30 | x |
| 2018-12-31 | CN¥2.73 | CN¥6.30 | x |
| 2019-12-31 | CN¥2.10 | CN¥6.30 | x |
| 2020-12-31 | CN¥2.29 | CN¥6.30 | x |
| 2021-12-31 | CN¥2.29 | CN¥6.30 | x |
| 2022-12-31 | CN¥2.29 | CN¥6.30 | x |
| 2023-12-31 | CN¥2.32 | CN¥6.30 | x |
| 2024-12-31 | CN¥2.35 | CN¥6.30 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Fengfan Power 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): 3.41%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 2.83%
- • Asset Turnover: 0.40x
- • Equity Multiplier: 2.98x
- Recent ROE (3.41%) is below the historical average (8.84%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2007 | 13.72% | 3.10% | 0.97x | 4.53x | CN¥6.17 Million |
| 2008 | 33.97% | 8.99% | 0.80x | 4.75x | CN¥55.99 Million |
| 2009 | 31.01% | 11.59% | 0.73x | 3.66x | CN¥89.39 Million |
| 2010 | 28.01% | 12.83% | 0.74x | 2.95x | CN¥106.45 Million |
| 2011 | 4.40% | 8.51% | 0.47x | 1.09x | CN¥-138.49 Million |
| 2012 | 5.82% | 9.09% | 0.52x | 1.23x | CN¥-107.85 Million |
| 2013 | 7.80% | 11.75% | 0.54x | 1.23x | CN¥-60.59 Million |
| 2014 | 7.01% | 8.40% | 0.57x | 1.46x | CN¥-84.38 Million |
| 2015 | 7.19% | 7.29% | 0.70x | 1.41x | CN¥-79.04 Million |
| 2016 | 6.86% | 8.28% | 0.51x | 1.63x | CN¥-95.24 Million |
| 2017 | 4.64% | 6.24% | 0.49x | 1.52x | CN¥-158.84 Million |
| 2018 | 1.10% | 1.57% | 0.43x | 1.64x | CN¥-253.30 Million |
| 2019 | -11.73% | -9.51% | 0.64x | 1.93x | CN¥-518.13 Million |
| 2020 | 8.43% | 8.40% | 0.55x | 1.83x | CN¥-40.83 Million |
| 2021 | 3.57% | 2.92% | 0.61x | 2.00x | CN¥-168.29 Million |
| 2022 | 1.24% | 1.18% | 0.57x | 1.83x | CN¥-228.83 Million |
| 2023 | 2.59% | 2.01% | 0.44x | 2.93x | CN¥-196.86 Million |
| 2024 | 3.41% | 2.83% | 0.40x | 2.98x | CN¥-176.58 Million |
Industry Comparison
This section compares Fengfan Power's net assets metrics with peer companies in the Metal Fabrication industry.
Industry Context
- Industry: Metal Fabrication
- Average net assets among peers: $1,244,978,643
- Average return on equity (ROE) among peers: 9.48%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Fengfan Power (601700) | CN¥2.75 Billion | 13.72% | 1.75x | $458.45 Million |
| Xinjiang Hejin Holding Co Ltd (000633) | $64.30 Million | 0.00% | 1.02x | $276.51 Million |
| Chongqing Changjiang River Moulding Material (Group) Co. Ltd. (001296) | $563.95 Million | 12.68% | 0.31x | $177.83 Million |
| Winstech Precision Hldg Co (001319) | $1.31 Billion | 8.55% | 0.30x | $167.74 Million |
| Guangdong Jingyi Metal Co Ltd (002295) | $785.40 Million | -7.13% | 0.66x | $373.68 Million |
| Shanghai Xinpeng Industry Co Ltd (002328) | $2.40 Billion | 2.65% | 0.12x | $461.37 Million |
| Beijing Lier High Temperature Materials Co Ltd (002392) | $4.13 Billion | 10.98% | 0.50x | $722.14 Million |
| Suzhou Victory Precision Manufacture Co Ltd (002426) | $245.28 Million | 58.16% | 1.15x | $1.78 Billion |
| Dajin Heavy Industry Corp (002487) | $1.51 Billion | 2.42% | 0.28x | $3.72 Billion |
| Jiangsu Boamax Technologies Group Co Ltd (002514) | $966.88 Million | 1.75% | 0.27x | $292.45 Million |
| Guangzheng Group Co Ltd (002524) | $467.88 Million | 4.77% | 0.48x | $226.79 Million |