Hengsheng Energy Co Ltd
Hengsheng Energy Co., Ltd engages in coal-fired thermal power business in China. The company provides steam to papermaking, textile printing and dyeing, food and dairy, home furnishing manufacturing and other enterprises in the park; and electricity to the terminal power users of the state grid. It also involved in cogeneration business; diamond business, which includes single crystal and polycry… Read more
Hengsheng Energy Co Ltd (605580) - Net Assets
Latest net assets as of September 2025: CN¥1.12 Billion CNY
Based on the latest financial reports, Hengsheng Energy Co Ltd (605580) has net assets worth CN¥1.12 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¥2.22 Billion) and total liabilities (CN¥1.10 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¥1.12 Billion |
| % of Total Assets | 50.51% |
| Annual Growth Rate | 23.86% |
| 5-Year Change | 175.9% |
| 10-Year Change | N/A |
| Growth Volatility | 41.31 |
Hengsheng Energy Co Ltd - Net Assets Trend (2015–2024)
This chart illustrates how Hengsheng 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 Hengsheng Energy Co Ltd (2015–2024)
The table below shows the annual net assets of Hengsheng Energy Co Ltd from 2015 to 2024.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥988.82 Million | +3.99% |
| 2023-12-31 | CN¥950.91 Million | +7.42% |
| 2022-12-31 | CN¥885.23 Million | +4.49% |
| 2021-12-31 | CN¥847.22 Million | +136.39% |
| 2020-12-31 | CN¥358.40 Million | +18.80% |
| 2019-12-31 | CN¥301.69 Million | +19.55% |
| 2018-12-31 | CN¥252.36 Million | +46.87% |
| 2017-12-31 | CN¥171.82 Million | +33.90% |
| 2016-12-31 | CN¥128.32 Million | -10.95% |
| 2015-12-31 | CN¥144.10 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to Hengsheng 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 885.6% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (December 2024)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | CN¥316.67 Million | 33.71% |
| Common Stock | CN¥280.00 Million | 29.80% |
| Other Comprehensive Income | CN¥73.74 Million | 7.85% |
| Other Components | CN¥269.13 Million | 28.64% |
| Total Equity | CN¥939.54 Million | 100.00% |
Hengsheng Energy Co Ltd Competitors by Market Cap
The table below lists competitors of Hengsheng Energy Co Ltd ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Dogus Gayrimenkul Yatirim Ortakligi AS
IS:DGGYO
|
$225.44 Million |
|
Brainsway Ltd
NASDAQ:BWAY
|
$225.45 Million |
|
Nanjing Central Emporium Group Stocks Co Ltd
SHG:600280
|
$225.47 Million |
|
National CineMedia Inc
NASDAQ:NCMI
|
$225.48 Million |
|
Voneseals Technology (Shanghai) Inc. A
SHE:301161
|
$225.37 Million |
|
Assystem SA
F:BZ1
|
$225.34 Million |
|
Hunan Heshun Petroleum Co Ltd
SHG:603353
|
$225.30 Million |
|
SIM Acquisition Corp. I Class A Ordinary Shares
NASDAQ:SIMA
|
$225.27 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Hengsheng Energy Co Ltd's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2023 to 2024, total equity changed from 901,587,975 to 939,539,085, a change of 37,951,110 (4.2%).
- Net income of 136,594,986 contributed positively to equity growth.
- Dividend payments of 106,730,009 reduced retained earnings.
- Other comprehensive income increased equity by 72,228,068.
- Other factors decreased equity by 64,141,935.
Equity Change Factors (2023 to 2024)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | CN¥136.59 Million | +14.54% |
| Dividends Paid | CN¥106.73 Million | -11.36% |
| Other Comprehensive Income | CN¥72.23 Million | +7.69% |
| Other Changes | CN¥-64.14 Million | -6.83% |
| Total Change | CN¥- | 4.21% |
Book Value vs Market Value Analysis
This analysis compares Hengsheng 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: 6.83x
- 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 18.19x to 6.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2015-12-31 | CN¥1.26 | CN¥22.93 | x |
| 2016-12-31 | CN¥1.48 | CN¥22.93 | x |
| 2017-12-31 | CN¥0.87 | CN¥22.93 | x |
| 2018-12-31 | CN¥1.26 | CN¥22.93 | x |
| 2019-12-31 | CN¥1.08 | CN¥22.93 | x |
| 2020-12-31 | CN¥1.28 | CN¥22.93 | x |
| 2021-12-31 | CN¥3.03 | CN¥22.93 | x |
| 2022-12-31 | CN¥3.16 | CN¥22.93 | x |
| 2023-12-31 | CN¥3.25 | CN¥22.93 | x |
| 2024-12-31 | CN¥3.36 | CN¥22.93 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Hengsheng 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): 14.54%
- The company shows good efficiency in utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 16.78%
- • Asset Turnover: 0.56x
- • Equity Multiplier: 1.54x
- Recent ROE (14.54%) is below the historical average (20.77%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2015 | 11.90% | 6.56% | 0.60x | 3.00x | CN¥2.66 Million |
| 2016 | 21.94% | 9.53% | 0.80x | 2.87x | CN¥14.97 Million |
| 2017 | 27.06% | 12.49% | 0.97x | 2.23x | CN¥29.32 Million |
| 2018 | 24.99% | 15.45% | 0.78x | 2.07x | CN¥37.83 Million |
| 2019 | 31.52% | 20.06% | 0.78x | 2.00x | CN¥64.91 Million |
| 2020 | 30.47% | 20.73% | 0.76x | 1.93x | CN¥73.37 Million |
| 2021 | 14.70% | 16.16% | 0.73x | 1.24x | CN¥39.84 Million |
| 2022 | 15.48% | 15.45% | 0.81x | 1.24x | CN¥48.53 Million |
| 2023 | 15.06% | 17.22% | 0.58x | 1.52x | CN¥45.65 Million |
| 2024 | 14.54% | 16.78% | 0.56x | 1.54x | CN¥42.64 Million |
Industry Comparison
This section compares Hengsheng 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 |
|---|---|---|---|---|
| Hengsheng Energy Co Ltd (605580) | CN¥1.12 Billion | 11.90% | 0.98x | $225.38 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 |