Hangzhou Cogeneration Group Co Ltd (605011) - Net Assets
Based on the latest financial reports, Hangzhou Cogeneration Group Co Ltd (605011) has net assets worth CN¥3.14 Billion CNY (≈ $459.91 Million 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¥4.38 Billion ≈ $641.59 Million USD) and total liabilities (CN¥1.24 Billion ≈ $181.68 Million 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 605011 tangible net assets ratio to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥3.14 Billion |
| % of Total Assets | 71.68% |
| Annual Growth Rate | 12.84% |
| 5-Year Change | 32.53% |
| 10-Year Change | N/A |
| Growth Volatility | 6.21 |
Hangzhou Cogeneration Group Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Hangzhou Cogeneration Group Co Ltd's net assets have evolved over time, based on quarterly financial data. See how many days can Hangzhou Cogeneration Group Co Ltd fund operations to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Hangzhou Cogeneration Group Co Ltd (2016–2025)
The table below shows the annual net assets of Hangzhou Cogeneration Group Co Ltd from 2016 to 2025. For live valuation and market cap data, see Hangzhou Cogeneration Group Co Ltd stock valuation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥3.06 Billion ≈ $447.96 Million |
+7.64% |
| 2024-12-31 | CN¥2.84 Billion ≈ $416.17 Million |
+6.75% |
| 2023-12-31 | CN¥2.66 Billion ≈ $389.87 Million |
+7.47% |
| 2022-12-31 | CN¥2.48 Billion ≈ $362.77 Million |
+7.33% |
| 2021-12-31 | CN¥2.31 Billion ≈ $338.01 Million |
+21.93% |
| 2020-12-31 | CN¥1.89 Billion ≈ $277.22 Million |
+13.54% |
| 2019-12-31 | CN¥1.67 Billion ≈ $244.15 Million |
+12.28% |
| 2018-12-31 | CN¥1.49 Billion ≈ $217.44 Million |
+24.32% |
| 2017-12-31 | CN¥1.20 Billion ≈ $174.91 Million |
+15.76% |
| 2016-12-31 | CN¥1.03 Billion ≈ $151.09 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Hangzhou Cogeneration Group 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 147.1% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥1.10 Billion | 45.29% |
| Other Components | CN¥1.33 Billion | 54.71% |
| Total Equity | CN¥2.43 Billion | 100.00% |
Hangzhou Cogeneration Group Co Ltd Competitors by Market Cap
The table below lists competitors of Hangzhou Cogeneration Group Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Controladora Vuela Compañía de Aviación S.A.B. de C.V
MX:VOLARA
|
$999.43 Million |
|
Chongqing Road & Bridge Co Ltd
SHG:600106
|
$999.62 Million |
|
SDIC Zhonglu Fruit Juice Co Ltd
SHG:600962
|
$999.91 Million |
|
Scandi Standard publ AB
ST:SCST
|
$999.99 Million |
|
HUANLEJIA Food Group Co. Ltd.
SHE:300997
|
$999.29 Million |
|
Allianz Malaysia Bhd
KLSE:1163
|
$999.25 Million |
|
Gallant Micro Machining Co Ltd
TWO:6640
|
$998.97 Million |
|
Huafa Industrial Co Ltd Zhuhai
SHG:600325
|
$998.76 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hangzhou Cogeneration Group Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,331,061,074 to 2,430,642,109, a change of 99,581,035 (4.3%).
- Net income of 186,479,857 contributed positively to equity growth.
- Dividend payments of 104,388,391 reduced retained earnings.
- Other comprehensive income decreased equity by 206,040,671.
- Other factors increased equity by 223,530,240.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥186.48 Million | +7.67% |
| Dividends Paid | CN¥104.39 Million | -4.29% |
| Other Comprehensive Income | CN¥-206.04 Million | -8.48% |
| Other Changes | CN¥223.53 Million | +9.2% |
| Total Change | CN¥- | 4.27% |
Book Value vs Market Value Analysis
This analysis compares Hangzhou Cogeneration Group 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: 2.81x
- 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 6.80x to 2.81x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2016-12-31 | CN¥2.51 | CN¥17.07 | x |
| 2017-12-31 | CN¥2.90 | CN¥17.07 | x |
| 2018-12-31 | CN¥3.40 | CN¥17.07 | x |
| 2019-12-31 | CN¥3.77 | CN¥17.07 | x |
| 2020-12-31 | CN¥4.25 | CN¥17.07 | x |
| 2021-12-31 | CN¥4.95 | CN¥17.07 | x |
| 2022-12-31 | CN¥5.09 | CN¥17.07 | x |
| 2023-12-31 | CN¥5.47 | CN¥17.07 | x |
| 2024-12-31 | CN¥5.83 | CN¥17.07 | x |
| 2025-12-31 | CN¥6.08 | CN¥17.07 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hangzhou Cogeneration Group 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): 7.67%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 5.88%
- • Asset Turnover: 0.72x
- • Equity Multiplier: 1.80x
- Recent ROE (7.67%) is below the historical average (12.62%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2016 | 16.73% | 13.66% | 0.33x | 3.71x | CN¥53.93 Million |
| 2017 | 17.25% | 9.66% | 0.47x | 3.77x | CN¥66.74 Million |
| 2018 | 12.77% | 7.88% | 0.54x | 2.99x | CN¥33.22 Million |
| 2019 | 15.03% | 10.20% | 0.57x | 2.57x | CN¥68.40 Million |
| 2020 | 15.28% | 11.20% | 0.59x | 2.31x | CN¥80.86 Million |
| 2021 | 12.31% | 7.34% | 0.81x | 2.07x | CN¥43.89 Million |
| 2022 | 10.42% | 5.84% | 0.91x | 1.96x | CN¥8.46 Million |
| 2023 | 9.68% | 6.42% | 0.87x | 1.74x | CN¥-6.97 Million |
| 2024 | 9.09% | 5.99% | 0.87x | 1.75x | CN¥-21.14 Million |
| 2025 | 7.67% | 5.88% | 0.72x | 1.80x | CN¥-56.58 Million |
Industry Comparison
This section compares Hangzhou Cogeneration Group Co Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $5,766,657,937
- Average return on equity (ROE) among peers: 8.11%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Hangzhou Cogeneration Group Co Ltd (605011) | CN¥3.14 Billion | 16.73% | 0.40x | $999.40 Million |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $1.30 Billion | 0.90% | 0.82x | $106.61 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $9.66 Billion | 21.74% | 6.52x | $2.45 Billion |
| Guangdong Electric Power Development Co Ltd (000539) | $33.91 Billion | 2.87% | 3.75x | $4.82 Billion |
| CECEP Solar Energy Co Ltd (000591) | $404.52 Million | 4.64% | 3.80x | $2.74 Billion |
| GEPIC Energy Development Co Ltd (000791) | $358.82 Million | 7.17% | 0.51x | $4.08 Billion |
| Tieling Newcity Investment Holding Ltd (000809) | $139.53 Million | 5.05% | 0.46x | $444.15 Million |
| Hubei Energy Group Co Ltd (000883) | $9.29 Billion | 11.16% | 2.05x | $4.40 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.49 Billion | 6.07% | 0.67x | $729.10 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $547.07 Million | 14.03% | 12.69x | $911.25 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $561.75 Million | 7.51% | 1.18x | $1.17 Billion |
About Hangzhou Cogeneration Group Co Ltd
Hangzhou Cogeneration Group Co., Ltd. provides heat supply and power generation services in China. The company operates in three segments: Thermal Power Business, Coal Business, and Others. It is involved in the thermal power production and supply, as well as network engineering construction; wholesale of coal; and technical consultation and services. The company was incorporated in 1997 and is h… Read more