Ningbo Shimao Energy Co.Ltd
Ningbo Shimao Energy Co.,Ltd operates in the heat and power industry. The company is involved in the domestic waste incineration power generation; production and sale of electricity and steam products; and other businesses. The company was incorporated in 2003 and is based in Yuyao City, China. Ningbo Shimao Energy Co.,Ltd operates as a subsidiary of Ningbo Shimao Investment Holding Co., Ltd.
Ningbo Shimao Energy Co.Ltd (605028) - Net Assets
Latest net assets as of September 2025: CN¥1.36 Billion CNY
Based on the latest financial reports, Ningbo Shimao Energy Co.Ltd (605028) has net assets worth CN¥1.36 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¥1.54 Billion) and total liabilities (CN¥180.06 Million). 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¥1.36 Billion |
| % of Total Assets | 88.34% |
| Annual Growth Rate | 28.75% |
| 5-Year Change | 215.86% |
| 10-Year Change | N/A |
| Growth Volatility | 40.98 |
Ningbo Shimao Energy Co.Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Ningbo Shimao Energy Co.Ltd's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Ningbo Shimao Energy Co.Ltd (2016–2024)
The table below shows the annual net assets of Ningbo Shimao Energy Co.Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.38 Billion | +5.83% |
| 2023-12-31 | CN¥1.30 Billion | +12.09% |
| 2022-12-31 | CN¥1.16 Billion | +12.20% |
| 2021-12-31 | CN¥1.03 Billion | +137.31% |
| 2020-12-31 | CN¥435.41 Million | +38.58% |
| 2019-12-31 | CN¥314.21 Million | +37.39% |
| 2018-12-31 | CN¥228.70 Million | +15.85% |
| 2017-12-31 | CN¥197.41 Million | +8.39% |
| 2016-12-31 | CN¥182.13 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Ningbo Shimao Energy 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 1270.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥593.08 Million | 43.12% |
| Common Stock | CN¥160.00 Million | 11.63% |
| Other Components | CN¥622.20 Million | 45.24% |
| Total Equity | CN¥1.38 Billion | 100.00% |
Ningbo Shimao Energy Co.Ltd Competitors by Market Cap
The table below lists competitors of Ningbo Shimao Energy Co.Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
INPAQ Technology Co Ltd
TWO:6284
|
$180.94 Million |
|
GL Events SA
PINK:GLCDF
|
$180.94 Million |
|
455900
KQ:455900
|
$180.99 Million |
|
SNT Holdings Co Ltd
KO:036530
|
$180.99 Million |
|
Hindustan Foods Limited
NSE:HNDFDS
|
$180.87 Million |
|
TOURISM HLDGS LTD O.N.
F:UCH
|
$180.81 Million |
|
Fibra Inn
MX:FINN13
|
$180.78 Million |
|
ScinoPharm Taiwan Ltd
TW:1789
|
$180.77 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Ningbo Shimao Energy Co.Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,299,554,403 to 1,375,279,469, a change of 75,725,066 (5.8%).
- Net income of 171,725,065 contributed positively to equity growth.
- Dividend payments of 96,000,000 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥171.73 Million | +12.49% |
| Dividends Paid | CN¥96.00 Million | -6.98% |
| Other Changes | CN¥1.00 | +0.0% |
| Total Change | CN¥- | 5.83% |
Book Value vs Market Value Analysis
This analysis compares Ningbo Shimao Energy 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: 3.36x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 19.08x to 3.36x 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¥1.51 | CN¥28.86 | x |
| 2017-12-31 | CN¥1.64 | CN¥28.86 | x |
| 2018-12-31 | CN¥1.90 | CN¥28.86 | x |
| 2019-12-31 | CN¥2.60 | CN¥28.86 | x |
| 2020-12-31 | CN¥2.72 | CN¥28.86 | x |
| 2021-12-31 | CN¥6.46 | CN¥28.86 | x |
| 2022-12-31 | CN¥7.25 | CN¥28.86 | x |
| 2023-12-31 | CN¥8.15 | CN¥28.86 | x |
| 2024-12-31 | CN¥8.60 | CN¥28.86 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Ningbo Shimao Energy 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): 12.49%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 47.81%
- • Asset Turnover: 0.23x
- • Equity Multiplier: 1.14x
- Recent ROE (12.49%) is below the historical average (22.87%), 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 | 34.52% | 31.97% | 0.40x | 2.67x | CN¥44.66 Million |
| 2017 | 27.75% | 25.02% | 0.62x | 1.79x | CN¥35.04 Million |
| 2018 | 26.80% | 24.26% | 0.55x | 2.03x | CN¥38.41 Million |
| 2019 | 27.21% | 32.44% | 0.53x | 1.60x | CN¥54.09 Million |
| 2020 | 27.84% | 40.52% | 0.56x | 1.23x | CN¥77.66 Million |
| 2021 | 16.98% | 44.44% | 0.34x | 1.12x | CN¥72.10 Million |
| 2022 | 17.78% | 46.59% | 0.33x | 1.15x | CN¥90.16 Million |
| 2023 | 14.48% | 52.05% | 0.24x | 1.17x | CN¥58.22 Million |
| 2024 | 12.49% | 47.81% | 0.23x | 1.14x | CN¥34.20 Million |
Industry Comparison
This section compares Ningbo Shimao Energy Co.Ltd's net assets metrics with peer companies in the Utilities - Renewable industry.
Industry Context
- Industry: Utilities - Renewable
- Average net assets among peers: $1,781,691,745
- Average return on equity (ROE) among peers: 10.82%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Ningbo Shimao Energy Co.Ltd (605028) | CN¥1.36 Billion | 34.52% | 0.13x | $180.93 Million |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $867.90 Million | 2.09% | 1.86x | $58.47 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $277.96 Million | 10.57% | 1.45x | $889.49 Million |
| CECEP Solar Energy Co Ltd (000591) | $162.02 Million | 10.48% | 1.97x | $2.20 Billion |
| GEPIC Energy Development Co Ltd (000791) | $7.49 Billion | 5.90% | 1.54x | $765.93 Million |
| Tieling Newcity Investment Holding Ltd (000809) | $3.45 Billion | 20.56% | 0.64x | $269.10 Million |
| Hubei Energy Group Co Ltd (000883) | $730.62 Million | 9.40% | 0.33x | $1.99 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.70 Billion | 3.61% | 1.46x | $406.20 Million |
| Xinjiang Lixin Energy Co. Ltd. A (001258) | $2.92 Billion | 1.72% | 4.24x | $377.98 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $148.08 Million | 3.32% | 6.54x | $718.01 Million |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $65.12 Million | 40.54% | 1.51x | $785.39 Million |