Hengsheng Energy Co Ltd (605580) - Net Assets
Based on the latest financial reports, Hengsheng Energy Co Ltd (605580) has net assets worth CN¥1.12 Billion CNY (≈ $163.79 Million USD) 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 ≈ $324.30 Million USD) and total liabilities (CN¥1.10 Billion ≈ $160.51 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 Hengsheng Energy Co Ltd liquidity resilience to evaluate the company's liquid asset resilience ratio.
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. Also explore balance sheet size of Hengsheng Energy Co Ltd for the complete picture of this company's asset base.
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. For live valuation and market cap data, see Hengsheng Energy Co Ltd (605580) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2024-12-31 | CN¥988.82 Million ≈ $144.70 Million |
+3.99% |
| 2023-12-31 | CN¥950.91 Million ≈ $139.15 Million |
+7.42% |
| 2022-12-31 | CN¥885.23 Million ≈ $129.54 Million |
+4.49% |
| 2021-12-31 | CN¥847.22 Million ≈ $123.97 Million |
+136.39% |
| 2020-12-31 | CN¥358.40 Million ≈ $52.45 Million |
+18.80% |
| 2019-12-31 | CN¥301.69 Million ≈ $44.15 Million |
+19.55% |
| 2018-12-31 | CN¥252.36 Million ≈ $36.93 Million |
+46.87% |
| 2017-12-31 | CN¥171.82 Million ≈ $25.14 Million |
+33.90% |
| 2016-12-31 | CN¥128.32 Million ≈ $18.78 Million |
-10.95% |
| 2015-12-31 | CN¥144.10 Million ≈ $21.09 Million |
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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 |
|---|---|
|
Zhejiang Zanyu Technology Co Ltd
SHE:002637
|
$879.70 Million |
|
Citic Guoan Wine Co Ltd
SHG:600084
|
$879.74 Million |
|
Nanjing Quanxin Cable Technology Co Ltd
SHE:300447
|
$879.74 Million |
|
Orezone Gold Corporation
AU:ORE
|
$879.80 Million |
|
Sgis Songshan Co Ltd
SHE:000717
|
$879.62 Million |
|
Bain Capital Specialty Finance Inc
NYSE:BCSF
|
$879.62 Million |
|
Neuca S.A.
WAR:NEU
|
$879.55 Million |
|
New Huadu Supercenter Co Ltd
SHE:002264
|
$879.51 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: 6.40x
- 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 17.03x to 6.40x 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¥21.47 | x |
| 2016-12-31 | CN¥1.48 | CN¥21.47 | x |
| 2017-12-31 | CN¥0.87 | CN¥21.47 | x |
| 2018-12-31 | CN¥1.26 | CN¥21.47 | x |
| 2019-12-31 | CN¥1.08 | CN¥21.47 | x |
| 2020-12-31 | CN¥1.28 | CN¥21.47 | x |
| 2021-12-31 | CN¥3.03 | CN¥21.47 | x |
| 2022-12-31 | CN¥3.16 | CN¥21.47 | x |
| 2023-12-31 | CN¥3.25 | CN¥21.47 | x |
| 2024-12-31 | CN¥3.36 | CN¥21.47 | 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: $5,128,762,723
- Average return on equity (ROE) among peers: 5.21%
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 | $879.69 Million |
| Tunghsu Azure Renewable Energy Co Ltd (000040) | $13.52 Billion | -7.08% | 1.29x | $106.61 Million |
| Tianjin Guangyu Development Co Ltd (000537) | $15.36 Billion | 14.40% | 3.87x | $2.99 Billion |
| Guangdong Electric Power Development Co Ltd (000539) | $10.01 Billion | 9.47% | 0.33x | $4.25 Billion |
| CECEP Solar Energy Co Ltd (000591) | $320.04 Million | 6.43% | 3.07x | $2.87 Billion |
| GEPIC Energy Development Co Ltd (000791) | $8.09 Billion | 3.22% | 1.20x | $3.83 Billion |
| Tieling Newcity Investment Holding Ltd (000809) | $153.66 Million | 7.10% | 0.59x | $455.01 Million |
| Hubei Energy Group Co Ltd (000883) | $669.01 Million | 9.55% | 0.53x | $4.61 Billion |
| Fujian MinDong Electric Power Co Ltd (000993) | $1.33 Billion | 2.43% | 0.58x | $820.24 Million |
| Shenzhen Feima International Supply Chain Co Ltd (002210) | $148.08 Million | 3.32% | 6.54x | $1.16 Billion |
| Shenzhen Sunrise New Energy Co Ltd (002256) | $1.69 Billion | 3.28% | 0.64x | $1.34 Billion |
About 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