Zhejiang Xinzhonggang Thermal Power Co Ltd (605162) - Net Assets
Based on the latest financial reports, Zhejiang Xinzhonggang Thermal Power Co Ltd (605162) has net assets worth CN¥1.33 Billion CNY (≈ $194.99 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¥1.85 Billion ≈ $270.62 Million USD) and total liabilities (CN¥516.86 Million ≈ $75.63 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 how resilient are Zhejiang Xinzhonggang Thermal Power Co L's assets to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | CN¥1.33 Billion |
| % of Total Assets | 72.05% |
| Annual Growth Rate | 24.42% |
| 5-Year Change | 15.85% |
| 10-Year Change | N/A |
| Growth Volatility | 32.06 |
Zhejiang Xinzhonggang Thermal Power Co Ltd - Net Assets Trend (2016–2025)
This chart illustrates how Zhejiang Xinzhonggang Thermal Power Co Ltd's net assets have evolved over time, based on quarterly financial data. Also explore how large is Zhejiang Xinzhonggang Thermal Power Co L's balance sheet for the complete picture of this company's asset base.
Annual Net Assets for Zhejiang Xinzhonggang Thermal Power Co Ltd (2016–2025)
The table below shows the annual net assets of Zhejiang Xinzhonggang Thermal Power Co Ltd from 2016 to 2025. For live valuation and market cap data, see Zhejiang Xinzhonggang Thermal Power Co L market cap and net worth.
| Year | Net Assets | Change |
|---|---|---|
| 2025-12-31 | CN¥1.32 Billion ≈ $193.23 Million |
0.00% |
| 2024-12-31 | CN¥1.32 Billion ≈ $193.23 Million |
+4.81% |
| 2023-12-31 | CN¥1.26 Billion ≈ $184.36 Million |
+12.46% |
| 2022-12-31 | CN¥1.12 Billion ≈ $163.93 Million |
-1.71% |
| 2021-12-31 | CN¥1.14 Billion ≈ $166.79 Million |
+91.92% |
| 2020-12-31 | CN¥593.88 Million ≈ $86.90 Million |
+14.95% |
| 2019-12-31 | CN¥516.64 Million ≈ $75.60 Million |
+17.29% |
| 2018-12-31 | CN¥440.48 Million ≈ $64.46 Million |
+34.72% |
| 2017-12-31 | CN¥326.96 Million ≈ $47.84 Million |
+76.88% |
| 2016-12-31 | CN¥184.85 Million ≈ $27.05 Million |
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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 33919.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥465.87 Million | 35.34% |
| Other Components | CN¥852.32 Million | 64.66% |
| 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 |
|---|---|
|
Technocraft Industries (India) Limited
NSE:TIIL
|
$644.38 Million |
|
Algoma Central Corporation
TO:ALC
|
$644.44 Million |
|
Huali Industries
SHG:603038
|
$644.78 Million |
|
mobilezone ag
SW:MOZN
|
$644.79 Million |
|
Patrizia AG
XETRA:PAT
|
$644.20 Million |
|
Sijin Intelligent Forming Machinery
SHE:003025
|
$644.05 Million |
|
SOLiD Inc
KQ:050890
|
$644.02 Million |
|
Shanghai Sheng Jian Environment Technology Co Ltd
SHG:603324
|
$643.98 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 2024 to 2025, total equity changed from 1,318,257,198 to 1,318,188,219, a change of -68,979 (-0.0%).
- Net income of 123,126,000 contributed positively to equity growth.
- Dividend payments of 74,853,096 reduced retained earnings.
- Other factors decreased equity by 48,341,883.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥123.13 Million | +9.34% |
| Dividends Paid | CN¥74.85 Million | -5.68% |
| Other Changes | CN¥-48.34 Million | -3.67% |
| Total Change | CN¥- | -0.01% |
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: 3.24x
- 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 8.82x to 3.24x 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¥1.21 | CN¥10.66 | x |
| 2017-12-31 | CN¥1.01 | CN¥10.66 | x |
| 2018-12-31 | CN¥1.36 | CN¥10.66 | x |
| 2019-12-31 | CN¥1.62 | CN¥10.66 | x |
| 2020-12-31 | CN¥1.85 | CN¥10.66 | x |
| 2021-12-31 | CN¥3.21 | CN¥10.66 | x |
| 2022-12-31 | CN¥2.79 | CN¥10.66 | x |
| 2023-12-31 | CN¥3.04 | CN¥10.66 | x |
| 2024-12-31 | CN¥3.24 | CN¥10.66 | x |
| 2025-12-31 | CN¥3.29 | CN¥10.66 | 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): 9.34%
- The company has moderate efficiency in generating returns from equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 17.40%
- • Asset Turnover: 0.38x
- • Equity Multiplier: 1.40x
- Recent ROE (9.34%) is below the historical average (20.24%), 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¥-291.50K |
| 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 |
| 2025 | 9.34% | 17.40% | 0.38x | 1.40x | CN¥-8.69 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: $4,811,703,684
- Average return on equity (ROE) among peers: 15.32%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Zhejiang Xinzhonggang Thermal Power Co Ltd (605162) | CN¥1.33 Billion | 37.39% | 0.39x | $644.23 Million |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $982.92 Million | 0.00% | 1.45x | $106.61 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $825.65 Million | 14.03% | 0.39x | $3.05 Billion |
| Guangdong Electric Power Development Co Ltd (000539) | $6.41 Billion | 13.03% | 0.34x | $4.35 Billion |
| CECEP Solar Energy Co Ltd (000591) | $477.75 Million | 81.65% | 5.96x | $3.39 Billion |
| GEPIC Energy Development Co Ltd (000791) | $8.09 Billion | 3.22% | 1.20x | $4.18 Billion |
| Tieling Newcity Investment Holding Ltd (000809) | $242.88 Million | 9.67% | 1.10x | $496.05 Million |
| Hubei Energy Group Co Ltd (000883) | $29.37 Billion | 6.17% | 0.64x | $4.85 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.38 Billion | 1.56% | 0.78x | $919.41 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $282.84 Million | 5.79% | 3.85x | $1.04 Billion |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $65.68 Million | 18.03% | 1.58x | $1.29 Billion |
About 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.