Zhejiang Xinzhonggang Thermal Power Co Ltd
Zhejiang Xinzhonggang Thermal Power Co., LTD. engages in the production and sale of electricity and heat in China. It is also involved in the coal trading; compressed air; production and sales of RDF fuel rods; and power transmission business. The company was founded in 1997 and is headquartered in Shengzhou, China.
Zhejiang Xinzhonggang Thermal Power Co Ltd (605162) - Net Assets
Latest net assets as of September 2025: CN¥1.27 Billion CNY
Based on the latest financial reports, Zhejiang Xinzhonggang Thermal Power Co Ltd (605162) has net assets worth CN¥1.27 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¥1.81 Billion) and total liabilities (CN¥536.28 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¥1.27 Billion |
| % of Total Assets | 70.38% |
| Annual Growth Rate | 27.86% |
| 5-Year Change | 122.35% |
| 10-Year Change | N/A |
| Growth Volatility | 32.35 |
Zhejiang Xinzhonggang Thermal Power Co Ltd - Net Assets Trend (2016–2024)
This chart illustrates how Zhejiang Xinzhonggang Thermal Power 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 Zhejiang Xinzhonggang Thermal Power Co Ltd (2016–2024)
The table below shows the annual net assets of Zhejiang Xinzhonggang Thermal Power Co Ltd from 2016 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥1.32 Billion | +4.81% |
| 2023-12-31 | CN¥1.26 Billion | +12.46% |
| 2022-12-31 | CN¥1.12 Billion | -1.71% |
| 2021-12-31 | CN¥1.14 Billion | +91.92% |
| 2020-12-31 | CN¥593.88 Million | +14.95% |
| 2019-12-31 | CN¥516.64 Million | +17.29% |
| 2018-12-31 | CN¥440.48 Million | +34.72% |
| 2017-12-31 | CN¥326.96 Million | +76.88% |
| 2016-12-31 | CN¥184.85 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Zhejiang Xinzhonggang Thermal Power 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 31110.7% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥427.40 Million | 32.42% |
| Common Stock | CN¥400.51 Million | 30.38% |
| Other Components | CN¥490.34 Million | 37.20% |
| Total Equity | CN¥1.32 Billion | 100.00% |
Zhejiang Xinzhonggang Thermal Power Co Ltd Competitors by Market Cap
The table below lists competitors of Zhejiang Xinzhonggang Thermal Power Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Nantong Xingqiu Graphite Co. Ltd. A
SHG:688633
|
$125.29 Million |
|
Sangamo Therapeutics Inc
NASDAQ:SGMO
|
$125.33 Million |
|
United Pharm
KO:033270
|
$125.34 Million |
|
West Coast Paper Mills Limited
NSE:WSTCSTPAPR
|
$125.35 Million |
|
Jiangsu Hengshang Energy Conservation Technology Co. Ltd. A
SHG:603137
|
$125.22 Million |
|
Cornerstone OnDemand Inc
F:8CO
|
$125.20 Million |
|
Xinjiang Hongtong Natural Gas Co. Ltd.
SHG:605169
|
$125.20 Million |
|
Wei Chuan Foods Corp
TW:1201
|
$125.16 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Zhejiang Xinzhonggang Thermal Power Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 1,256,657,798 to 1,318,257,198, a change of 61,599,400 (4.9%).
- Net income of 146,542,645 contributed positively to equity growth.
- Dividend payments of 74,087,302 reduced retained earnings.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥146.54 Million | +11.12% |
| Dividends Paid | CN¥74.09 Million | -5.62% |
| Other Changes | CN¥-10.86 Million | -0.82% |
| Total Change | CN¥- | 4.90% |
Book Value vs Market Value Analysis
This analysis compares Zhejiang Xinzhonggang Thermal Power 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: 3.00x
- 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 17.07x to 3.00x 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¥0.57 | CN¥9.70 | x |
| 2017-12-31 | CN¥1.01 | CN¥9.70 | x |
| 2018-12-31 | CN¥1.36 | CN¥9.70 | x |
| 2019-12-31 | CN¥1.29 | CN¥9.70 | x |
| 2020-12-31 | CN¥1.48 | CN¥9.70 | x |
| 2021-12-31 | CN¥2.85 | CN¥9.70 | x |
| 2022-12-31 | CN¥2.79 | CN¥9.70 | x |
| 2023-12-31 | CN¥3.04 | CN¥9.70 | x |
| 2024-12-31 | CN¥3.24 | CN¥9.70 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Zhejiang Xinzhonggang Thermal Power 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): 11.12%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.81%
- • Asset Turnover: 0.46x
- • Equity Multiplier: 1.43x
- Recent ROE (11.12%) is below the historical average (21.45%), 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 | 37.39% | 14.46% | 0.69x | 3.75x | CN¥50.63 Million |
| 2017 | 29.84% | 17.19% | 0.78x | 2.21x | CN¥64.87 Million |
| 2018 | 25.77% | 18.33% | 0.88x | 1.60x | CN¥69.47 Million |
| 2019 | 30.24% | 24.04% | 0.86x | 1.47x | CN¥104.59 Million |
| 2020 | 26.49% | 27.56% | 0.60x | 1.59x | CN¥97.95 Million |
| 2021 | 9.97% | 14.75% | 0.56x | 1.20x | CN¥-291.51K |
| 2022 | 10.39% | 12.01% | 0.71x | 1.21x | CN¥4.37 Million |
| 2023 | 11.83% | 15.55% | 0.55x | 1.39x | CN¥22.95 Million |
| 2024 | 11.12% | 16.81% | 0.46x | 1.43x | CN¥14.72 Million |
Industry Comparison
This section compares Zhejiang Xinzhonggang Thermal Power 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 |
|---|---|---|---|---|
| Zhejiang Xinzhonggang Thermal Power Co Ltd (605162) | CN¥1.27 Billion | 37.39% | 0.42x | $125.26 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 |