China National Nuclear Power
China National Nuclear Power Co., Ltd. engages in the investment, development, construction, operation, and management of nuclear power projects in the People's Republic of China. It is involved in the heat production and supply; new energy power generation; and provision of related technical services and consulting business; and sales of electricity. As of December 31, 2024, it operated 25 nucle… Read more
China National Nuclear Power (601985) - Net Assets
Latest net assets as of June 2025: CN¥216.25 Billion CNY
Based on the latest financial reports, China National Nuclear Power (601985) has net assets worth CN¥216.25 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¥720.20 Billion) and total liabilities (CN¥503.95 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¥216.25 Billion |
| % of Total Assets | 30.03% |
| Annual Growth Rate | 16.22% |
| 5-Year Change | 79.73% |
| 10-Year Change | 220.45% |
| Growth Volatility | 11.21 |
China National Nuclear Power - Net Assets Trend (2014–2024)
This chart illustrates how China National Nuclear 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 China National Nuclear Power (2014–2024)
The table below shows the annual net assets of China National Nuclear Power from 2014 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥209.37 Billion | +28.61% |
| 2023-12-31 | CN¥162.80 Billion | +10.10% |
| 2022-12-31 | CN¥147.87 Billion | +18.03% |
| 2021-12-31 | CN¥125.28 Billion | +7.54% |
| 2020-12-31 | CN¥116.49 Billion | +29.03% |
| 2019-12-31 | CN¥90.28 Billion | +8.03% |
| 2018-12-31 | CN¥83.57 Billion | +7.66% |
| 2017-12-31 | CN¥77.63 Billion | +8.23% |
| 2016-12-31 | CN¥71.73 Billion | +9.78% |
| 2015-12-31 | CN¥65.34 Billion | +40.31% |
| 2014-12-31 | CN¥46.56 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to China National Nuclear 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 504.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥41.66 Billion | 37.80% |
| Other Components | CN¥68.56 Billion | 62.20% |
| Total Equity | CN¥110.22 Billion | 100.00% |
China National Nuclear Power Competitors by Market Cap
The table below lists competitors of China National Nuclear Power ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Bunzl plc
PINK:BZLFF
|
$8.90 Billion |
|
Interconnection Electric SA ESP
OTCQX:IESFY
|
$8.90 Billion |
|
Carrefour SA
PINK:CRERF
|
$8.90 Billion |
|
VAT Group AG
PINK:VTTGF
|
$8.91 Billion |
|
InterDigital Inc
NASDAQ:IDCC
|
$8.88 Billion |
|
Interpublic Group of Companies Inc
NYSE:IPG
|
$8.88 Billion |
|
China Resources Land Ltd
PINK:CRBJF
|
$8.88 Billion |
|
Shanxi Xinghuacun Fen Wine Factory Co Ltd
SHG:600809
|
$8.87 Billion |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in China National Nuclear Power's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 90,949,623,632 to 110,217,027,782, a change of 19,267,404,150 (21.2%).
- Net income of 8,777,342,050 contributed positively to equity growth.
- Dividend payments of 14,986,245,918 reduced retained earnings.
- Other factors increased equity by 25,476,308,017.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥8.78 Billion | +7.96% |
| Dividends Paid | CN¥14.99 Billion | -13.6% |
| Other Changes | CN¥25.48 Billion | +23.11% |
| Total Change | CN¥- | 21.18% |
Book Value vs Market Value Analysis
This analysis compares China National Nuclear 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: 1.58x
- 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 3.31x to 1.58x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2017-12-31 | CN¥2.79 | CN¥9.24 | x |
| 2018-12-31 | CN¥2.98 | CN¥9.24 | x |
| 2019-12-31 | CN¥3.22 | CN¥9.24 | x |
| 2020-12-31 | CN¥4.04 | CN¥9.24 | x |
| 2021-12-31 | CN¥4.34 | CN¥9.24 | x |
| 2022-12-31 | CN¥4.70 | CN¥9.24 | x |
| 2023-12-31 | CN¥4.82 | CN¥9.24 | x |
| 2024-12-31 | CN¥5.84 | CN¥9.24 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently China National Nuclear 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): 7.96%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 11.36%
- • Asset Turnover: 0.12x
- • Equity Multiplier: 5.99x
- Recent ROE (7.96%) is below the historical average (10.07%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2014 | 11.00% | 13.20% | 0.08x | 9.90x | CN¥225.50 Million |
| 2015 | 10.06% | 14.43% | 0.10x | 7.00x | CN¥21.69 Million |
| 2016 | 11.03% | 14.96% | 0.11x | 6.93x | CN¥420.93 Million |
| 2017 | 10.35% | 13.39% | 0.11x | 6.98x | CN¥151.25 Million |
| 2018 | 10.20% | 12.05% | 0.12x | 6.97x | CN¥93.90 Million |
| 2019 | 9.22% | 10.01% | 0.13x | 6.95x | CN¥-392.81 Million |
| 2020 | 8.51% | 11.47% | 0.14x | 5.42x | CN¥-1.05 Billion |
| 2021 | 10.56% | 12.89% | 0.15x | 5.38x | CN¥425.76 Million |
| 2022 | 10.16% | 12.64% | 0.15x | 5.24x | CN¥145.79 Million |
| 2023 | 11.68% | 14.17% | 0.14x | 5.93x | CN¥1.53 Billion |
| 2024 | 7.96% | 11.36% | 0.12x | 5.99x | CN¥-2.24 Billion |
Industry Comparison
This section compares China National Nuclear Power's net assets metrics with peer companies in the Utilities - Regulated Electric industry.
Industry Context
- Industry: Utilities - Regulated Electric
- Average net assets among peers: $4,563,459,332
- Average return on equity (ROE) among peers: 5.83%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| China National Nuclear Power (601985) | CN¥216.25 Billion | 11.00% | 2.33x | $8.89 Billion |
| Guangzhou Hengyun Enterprises Holding Ltd (000531) | $901.14 Million | 7.15% | 0.78x | $380.61 Million |
| An Hui Wenergy Co Ltd (000543) | $13.78 Billion | 0.96% | 0.93x | $1.12 Billion |
| Jointo Energy Investment Co Ltd Hebei (000600) | $315.53 Million | 1.03% | 1.12x | $850.51 Million |
| Guangdong Shaoneng Group Co Ltd (000601) | $1.97 Billion | 6.67% | 0.53x | $618.00 Million |
| Tianjin Binhai Energy & Development Co Ltd (000695) | $365.38 Million | 8.27% | 1.19x | $255.46 Million |
| Shanxi Zhangze Electric Power Co Ltd (000767) | $2.29 Billion | 0.61% | 3.95x | $785.66 Million |
| Jilin Power Share Co Ltd (000875) | $19.94 Billion | 3.38% | 2.59x | $2.26 Billion |
| Jiangxi Ganneng Co Ltd (000899) | $1.50 Billion | 2.89% | 0.15x | $515.88 Million |
| SPIC Dongfang New Energy Corp (000958) | $1.14 Billion | -0.30% | 1.72x | $1.05 Billion |
| CHN Energy Changyuan Electric Power Co Ltd (000966) | $3.44 Billion | 27.68% | 1.79x | $773.00 Million |